MIRA
INFORM REPORT
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Report Date : |
26.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHINTAMANI BVBA |
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Registered Office : |
Schupstraat 9-11, 2018
Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
01.04.2005 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The processing of/having processed of, the trade,
including import/export in, and giving in consignation of, representation of and
broker trade in polished and unpolished diamonds, precious stone, jewellery, precious metals and all related 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 : |
No Complaints |
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Litigation : |
Clear |
name & address
Chintamani BVBA
Schupstraat 9-11
2018 ANTWERPEN
Tel.:+32
(0)3-2334474
Legal
status
Private limited company
Founded
01/04/2005 as BVBA
Trade
register
99873540
Capital
Nominal EUR 18.600,--
Issued and paid up EUR 18.600,--
Management
Chintamani DMCC, Dubai
Metals & Commodities Centre,
P.O. Box 12495, Dubai -
UAE
Parent
company
Chintamani DMCC, Dubai
Metals & Commodities Centre,
P.O. Box 12495, Dubai -
UAE
Activity
The processing of/having processed of, the trade, including
import/export in, and giving in consignation of, representation of and broker
trade in polished and unpolished diamonds, precious stone, jewellery, precious metals and all related products.
Staff
One employee
Turnover
Net turnover:
2006 Euro 11.319.267
2005 Euro 6.283.753
Real
estate
The business
premises at the mentioned address has been rented by the company, as far as we
know.
Finances
See balance sheet
Remarks
Net result:
2006 Euro 28.865
2005 Euro 10.057
The shareholders equity was as
of:
31/12/2006 Euro 57.522
31/12/2005 Euro 28.657
The working capital was as of:
31/12/2006 Euro (3.758)
31/12/2005 Euro 22.040
The manager/parent company is represented by:
Minal Mehta, fazantenlaan 44, 2610 Wilrijk
Banks
not known
VAT-nr.
BE873540329
Mode
of payment
No complaints have been
registered
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from
the corporate balance sheet of :
Chintamani BVBA
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 6.617 121.766
Financial assets 0 2.086
Miscellaneous fixed assets 0 0
Total fixed assets 6.617 123.852
Stock 2.410.818 7.925.915
Receivables 5.440.953 3.361.067
Shares 0 0
Liquid assets 164.051 17.257
Miscellaneous current assets 0 192
Total current assets 8.015.822 11.304.431
Shareholders
equity 28.657 57.522
Provisions 0 0
Long-term liabilities 0 62.572
Current liabilities 7.993.782 11.308.189
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 8.022.439 11.428.283
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 6.283.753 11.319.267
Other income 0 0
Total expenses 6.150.710 11.243.905
Operating profit 133.043 75.362
Balance financial P/L -117.506 -26.951
Net profit/loss 1] 15.537 48.411
Taxation 5.480 19.546
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 10.057 28.865
Balance extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L 2] 0 0
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 10.057 28.865
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 0,4 0,5
Equity/outside
capital 0,4 0,5
LIQUIDITY
Current ratio 1 1
Acid test 0,7 0,3
RATES OF RETURN %
Total assets 0,2 0,4
Shareholders equity 54,2 84,2
Pre tax
margin % 0,2 0,4
Turnover rate 78,3 99
(x
1) (x 1)
-------------------- --------------------
Working capital 22.040 -3.758
Shareholders equity + Equalization acc. 28.657 57.522
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.23 |
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UK Pound |
1 |
Rs.83.88 |
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Euro |
1 |
Rs.66.41 |
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%)