MIRA
INFORM REPORT
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Report Date : |
31.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
DIMEXON ANTWERPEN BVBA |
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Registered Office : |
Hoveniersstraat 53 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 : |
29.06.2005 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of and Trade
in all kinds of Diamonds, Precious Stones, etc. both polished and unpolished |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
Dimexon Antwerpen
BVBA
Hoveniersstraat 53
2018 ANTWERPEN
Legal
status
Private limited company
Founded
29/06/2005 as BVBA
Trade
register
99874584
Capital
Nominal EUR 20.000,--
Issued and paid up EUR 20.000,--
Management
Kaushik Kirtital Mehta, Eekhoornlaan 25, 2020 Antwerpen
Rajiv
Mehta, Beukenlaan 70, 2020 Antwerpen
Mihir Diwan, Ringlaan 63, 2610 Wilrijk
Activity
The manufacture of
and trade in all kinds of diamonds, precious stones, etc. both polished and
unpolished.
Staff
4 [incl. management]
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
Subsidiary company
of
-Dimexon International Holding BV,
Herculesplein 5, 3584 AA UTRECHT
Net result:
2006 Euro (21.448)
The
shareholders equity was as of:
31/12/2006 Euro (1.448)
The working
capital was as of:
31/12/2006 Euro (1.448)
Accountants:
Dacas,
Hoveniersstraat
53,
2018
ANTWERPEN
A merger
proposal with Eurostar Diamond Traders (EDT)
was published
in February 2008, without further details.
The
accounts 2006 concern the period June 2005 untill/
including
31.12.2006.
We did not
find a phone or fax number for subject matter.
Banks
not known
VAT-nr.
BE874584266
Mode
of payment
No complaints have been
registered
Credit
demand
No direct
objections against entering into a business relationship. With regard to the
financial situation, we advise you to deal on cash-payment terms only.
The following financial data is retrieved from the corporate balance
sheet of :
Dimexon Antwerpen BVBA
BALANCE SHEET
Corporate in Euro(x
1)
-------- ------31-12-2006---
Intangible assets 0 0
Tangible assets 0 0
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 0 0
Stock 0 0
Receivables 0 854
Shares 0 0
Liquid assets 0 1.724
Miscellaneous current assets 0 0
Total current
assets 0 2.578
Shareholders
equity 0 -1.448
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 0 4.026
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 0 2.578
PROFIT & LOSS ACCOUNT
Corporate in Euro(x
1)
-------- ------31-12-2006---
Turnover 0 0
Other income 0 0
Total expenses 0 0
Operating profit 0 -21.423
Balance financial
P/L 0 -25
Net profit/loss 1] 0 -21.448
Taxation 0 0
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 0 -21.448
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 0 -21.448
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
---------- -----2006-----
EQUITY
%
Equity gearing 0 -56,2
Equity/outside capital 0 -36
LIQUIDITY
Current ratio 0 0,6
Acid test 0 0,6
RATES OF RETURN %
Total assets 0 -832
Shareholders
equity 0 1481,2
Pre tax margin
% 0 0
Turnover rate 0 0
(x
1)
-------------------- --------------------
Working capital 0 -1.448
Shareholders
equity + Equalization acc. 0 -1.448
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%)