MIRA INFORM REPORT

 

 

 

Report Date :

11.07.2008

 

IDENTIFICATION DETAILS

 

Name :

HARSH DIMON BVBA

 

 

Registered Office :

Hoveniersstraat 30 B.117, 2018 Antwerpen 

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

19.07.1984

 

 

Com. Reg. No.:

241551, ANTWERPEN

 

 

Legal Form :

Private Company With Limited Liability

 

 

Line of Business :

Wholesale of Miscellaneous Intermediate Products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

name & address

 

HARSH DIMON BVBA

 HOVENIERSSTRAAT 30 B.117

 2018 ANTWERPEN BE

Tel. Number +32-3-2318640

Fax number +32-3-2319509

 

 

 

 

Business founded

19 July 1984

Business registered

24 July 1984 - Private company with limited liability

Registration number,

241551, ANTWERPEN,

VAT number,

BE425950160,

Legal form

Private company with limited liability

Activities

Wholesale of miscellaneous intermediate products

Payment experience

Nothing to report

Credit opinion

Credit opinion

 

Cash situation (balance sheet analysis) : Good 

 

Profitability (balance sheet analysis) : Low 

 

Commitments (regarding contractual obligations) : Completely fulfilled 

 

Payment defaults : None 

Employees (Business)

 0

Total share capital31 December 2006

EUR 18592,00

Board members

EGGERMONT ALAIN JOSE DENISE    Manager

Management

HAIMOFF NILI    Partner

 

BAROKAS NISSIM    Partner

 

 

 

 

The business owns or partly owns one or more pieces of land and buildings?  Yes(Property) 

 

Turnover for the period: 00 0000 - 31 December 2006  in  EUR 0,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2006  in  EUR 

Total assets incl. prepaid expenses and accrued income

366.390,-

Total fixed assets

9.866,-

Total tangible fixed assets

9.866,-

Land and buildings

7.625,-

Plant, machinery and equipment

666,-

Total Current assets

356.524,-

Accounts receivable (trade)

355.534,-

Cash in hand and at bank

990,-

Total equity, provisions, liabilities, accrued expenses and deferred income

366.390,-

Total equity (Shareholders' funds)

130.001,-

Issued (subscribed) capital

18.592,-

Profit reserves

129.092,-

Legal reserves

1.859,-

Profit or loss carried forward

-19.542,-

Total liabilities

236.389,-

Total current liabilities

230.389,-

Current accounts payable (trade)

9.325,-

Current liabilities to credit institutions

2.526,-

Income and social tax liabilities

68.677,-

Total accrued expenses and deferred income

6.000,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2006  in  EUR 

Cost of goods sold (operational format)

1.241,-

Depreciation

933,-

Operating profit or loss

32.254,-

Financial income

1.096,-

Financial expenses

28.457,-

Result of ordinary operations

4.893,-

Extraordinary result

4.893,-

Taxes

24.435,-

Net profit or loss

-19.542,-

Borrowing ratio

181,84 %

Current ratio

150,70 %

Quick ratio

154,63 %

Return on assets

9,35 %

Return on equity.

-15,03 %

Solidity or equity ratio

35,48 %

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 0,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

341.519,-

Total fixed assets

10.800,-

Total tangible fixed assets

10.800,-

Land and buildings

8.000,-

Plant, machinery and equipment

1.000,-

Total Current assets

330.719,-

Accounts receivable (trade)

324.377,-

Cash in hand and at bank

6.342,-

Total equity, provisions, liabilities, accrued expenses and deferred income

341.519,-

Total equity (Shareholders' funds)

149.543,-

Issued (subscribed) capital

18.592,-

Profit reserves

129.092,-

Legal reserves

1.859,-

Total liabilities

191.976,-

Total current liabilities

191.976,-

Current accounts payable (trade)

9.987,-

Current liabilities to credit institutions

2.577,-

Income and social tax liabilities

4.200,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2005  in  EUR 

Cost of goods sold (operational format)

1.181,-

Depreciation

933,-

Operating profit or loss

3.503,-

Financial income

14.596,-

Financial expenses

-10.537,-

Result of ordinary operations

7.562,-

Extraordinary result

7.562,-

Taxes

-5.592,-

Net profit or loss

1.970,-

Borrowing ratio

128,38 %

Current ratio

170,57 %

Quick ratio

170,57 %

Return on assets

5,57 %

Return on equity.

1,31 %

Solidity or equity ratio

43,78 %

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 0,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2004  in  EUR 

Total assets incl. prepaid expenses and accrued income

570.167,-

Total fixed assets

11.733,-

Total tangible fixed assets

11.733,-

Land and buildings

8.375,-

Plant, machinery and equipment

1.333,-

Total Current assets

558.434,-

Accounts receivable (trade)

342.365,-

Investments (short-term)

204.775,-

Cash in hand and at bank

11.294,-

Total equity, provisions, liabilities, accrued expenses and deferred income

570.167,-

Total equity (Shareholders' funds)

147.573,-

Issued (subscribed) capital

18.592,-

Profit reserves

127.122,-

Legal reserves

1.859,-

Total liabilities

422.594,-

Total current liabilities

422.594,-

Current accounts payable (trade)

218.112,-

Current liabilities to credit institutions

4.855,-

Income and social tax liabilities

415,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2004  in  EUR 

Cost of goods sold (operational format)

3.790,-

Depreciation

933,-

Operating profit or loss

-51.043,-

Financial income

32.042,-

Financial expenses

-55.401,-

Result of ordinary operations

-74.402,-

Extraordinary income

519.999,-

Extraordinary expenses

-366.981,-

Extraordinary result

78.616,-

Taxes

-1.067,-

Net profit or loss

77.549,-

Borrowing ratio

286,36 %

Current ratio

130,67 %

Quick ratio

130,67 %

Return on assets

-15,20 %

Return on equity.

52,54 %

Solidity or equity ratio

25,88 %

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.42.72

UK Pound

1

Rs.84.42

Euro

1

Rs.67.38

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions