MIRA
INFORM REPORT
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Report Date : |
04.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
LUC
VETS DIAMONDS |
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Registered Office : |
Pelikaanstraat 62, 2018 Antwerpen Be |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
21.06.2001 |
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Com. Reg. No.: |
345370 |
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Legal Form : |
Private Company Limited
by Shares |
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Line of Business : |
Wholesale of
Miscellaneous Intermediate Products |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
LUC VETS DIAMONDS
PELIKAANSTRAAT 62
2018 ANTWERPEN BE
Tel. Number +32-3-2340934
Fax number +32-3-2340934
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Business founded |
21 June 2001 |
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Business registered |
25 July 2001 - Private company
limited by shares |
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Registration number, |
345370, ANTWERPEN, |
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VAT number, |
BE475099466, |
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Legal form |
Private company limited
by shares |
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Activities |
Wholesale of
miscellaneous intermediate products |
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Payment experience |
Payment regular |
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Credit opinion |
High creditworthiness |
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Cash situation (balance
sheet analysis) : Very good |
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Profitability (balance
sheet analysis) : Very good |
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Commitments (regarding
contractual obligations) : Fulfilled („respectés“) |
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Payment defaults : None |
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Employees (Business) |
2 |
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Total share capital31 December 2006 |
EUR 62000,00 |
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Bank |
BANQUE DIAMANTAIRE ANVERSOISE |
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Board members |
VETS LUCAS LUDOVICUS
FRANCISCUS Chairman and managing director |
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RUYTHOOREN WIM Board member |
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VETS DOMINICA MARCELLA EMIEL Board member |
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Management |
VETS LUCAS LUDOVICUS
FRANCISCUS Partner |
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VETS ANNICK EMIMIA ANNA
Partner |
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VETS DOMINICA MARCELLA EMIEL Partner |
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VETS CHARLOTTE ANNICK MARCELLA Partner |
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The business owns or
partly owns one or more pieces of land and buildings? Yes(Property)
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Turnover for the
period: 00 0000 - 31 December 2006 in EUR 156.000,00 |
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Not consolidated
profit and loss turnover of the business: |
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Corporate balance sheet
for the year: 00 0000 - 31 December 2006 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
150.407,- |
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Total fixed assets |
68.301,- |
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Total tangible fixed assets |
62.053,- |
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Plant, machinery and equipment |
976,- |
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Total financial fixed assets |
6.248,- |
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Total Current assets |
82.106,- |
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Accounts receivable (trade) |
67.880,- |
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Cash in hand and at bank |
13.941,- |
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Total accrued income and prepaid expenses |
285,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
150.407,- |
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Total equity (Shareholders' funds) |
95.413,- |
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Issued (subscribed) capital |
62.000,- |
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Legal reserves |
6.200,- |
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Profit or loss carried forward |
27.213,- |
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Total liabilities |
54.994,- |
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Total current liabilities |
38.493,- |
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Current accounts payable (trade) |
2.999,- |
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Income and social tax liabilities |
35.494,- |
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Total accrued expenses and deferred income |
16.501,- |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2006 in EUR |
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Main revenue (sales/turnover) |
156.000,- |
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Cost of goods sold (operational format) |
135.358,- |
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Personnel costs |
57.303,- |
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Depreciation |
14.456,- |
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Operating profit or loss |
20.642,- |
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Financial expenses |
905,- |
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Result of ordinary operations |
19.737,- |
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Extraordinary result |
19.737,- |
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Taxes |
7.128,- |
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Net profit or loss |
12.609,- |
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Borrowing ratio |
57,64 % |
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Current ratio |
149,29 % |
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Profit margin. |
22,49 % |
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Quick ratio |
212,56 % |
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Return on assets |
23,33 % |
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Return on equity. |
13,21 % |
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Solidity or equity ratio |
63,43 % |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 156.000,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 31 December
2005 in EUR |
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Total assets incl. prepaid expenses and accrued income |
107.520,- |
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Total fixed assets |
82.758,- |
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Total tangible fixed assets |
76.510,- |
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Plant, machinery and equipment |
1.952,- |
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Total financial fixed assets |
6.248,- |
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Total Current assets |
24.762,- |
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Accounts receivable (trade) |
12.441,- |
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Cash in hand and at bank |
12.321,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
107.520,- |
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Total equity (Shareholders' funds) |
82.804,- |
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Issued (subscribed) capital |
62.000,- |
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Legal reserves |
6.200,- |
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Profit or loss carried forward |
14.604,- |
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Total liabilities |
24.716,- |
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Total current liabilities |
24.716,- |
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Current accounts payable (trade) |
39,- |
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Income and social tax liabilities |
24.677,- |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2005 in EUR |
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Main revenue (sales/turnover) |
156.000,- |
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Cost of goods sold (operational format) |
132.261,- |
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Personnel costs |
58.350,- |
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Depreciation |
14.581,- |
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Operating profit or loss |
23.739,- |
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Financial expenses |
-42,- |
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Result of ordinary operations |
23.697,- |
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Extraordinary result |
23.697,- |
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Taxes |
-7.415,- |
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Net profit or loss |
16.282,- |
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Borrowing ratio |
29,85 % |
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Current ratio |
100,18 % |
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Profit margin. |
24,56 % |
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Quick ratio |
100,18 % |
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Return on assets |
35,63 % |
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Return on equity. |
19,66 % |
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Solidity or equity ratio |
77,01 % |
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Turnover for the period: 00 0000 - 31 December 2004 in
EUR 140.000,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 31 December
2004 in EUR |
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Total assets incl. prepaid expenses and accrued income |
122.761,- |
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Total fixed assets |
97.338,- |
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Total tangible fixed assets |
91.090,- |
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Plant, machinery and equipment |
2.927,- |
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Total financial fixed assets |
6.248,- |
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Total Current assets |
25.423,- |
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Accounts receivable (trade) |
2.582,- |
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Cash in hand and at bank |
22.841,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
122.761,- |
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Total equity (Shareholders' funds) |
66.522,- |
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Issued (subscribed) capital |
62.000,- |
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Legal reserves |
3.100,- |
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Profit or loss carried forward |
1.422,- |
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Total liabilities |
56.239,- |
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Total current liabilities |
37.189,- |
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Current accounts payable (trade) |
3.316,- |
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Current liabilities to credit institutions |
29.416,- |
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Income and social tax liabilities |
4.457,- |
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Total accrued expenses and deferred income |
19.050,- |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2004 in EUR |
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Main revenue (sales/turnover) |
140.000,- |
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Cost of goods sold (operational format) |
137.927,- |
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Personnel costs |
64.631,- |
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Depreciation |
14.578,- |
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Operating profit or loss |
2.073,- |
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Financial expenses |
-60,- |
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Result of ordinary operations |
2.013,- |
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Extraordinary result |
2.013,- |
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Taxes |
-700,- |
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Net profit or loss |
1.313,- |
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Borrowing ratio |
84,54 % |
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Current ratio |
45,20 % |
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Profit margin. |
11,89 % |
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Quick ratio |
68,36 % |
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Return on assets |
13,56 % |
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Return on equity. |
1,97 % |
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Solidity or equity ratio |
54,18 % |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.21 |
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UK Pound |
1 |
Rs.85.72 |
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Euro |
1 |
Rs.67.92 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)