MIRA
INFORM REPORT
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Report Date : |
02.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
GOLDIAM 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 : |
18.03.1993 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale Business in
Diamonds. |
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
Goldiam Bvba
Schupstraat 9-11
2018 ANTWERPEN
Tel.:+32
(0)3-2250082
Fax.:+32
(0)3-2250082
Legal
status
Private limited company
Founded
18/03/1993, BVBA since
15/04/1993
Trade
register
52295838
Capital
Nominal EUR 18.600,--
Issued and paid up EUR 18.600,--
Management
Kalpana Jogani,
Belgielei 35, 2018 Antwerpen-Belgium
Kishor Kalidas
Jogani, Belgiëlei 35, 2018 Antwerpen-Belgium
Activity
Wholesale business in
diamonds.
Staff
1 employee.
Turnover
Net turnover:
2006 Euro 3.136.719
2005 Euro 2.521.360
2004 Euro 1.463.813
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 10.199
2005 Euro 1.835
2004 Euro (229)
The
shareholders equity was as of:
31/12/2006 Euro 108.725
31/12/2005 Euro 98.527
31/12/2004 Euro 96.691
The working
capital was as of:
31/12/2006 Euro 106.810
31/12/2005 Euro 91.096
31/12/2004 Euro 86.140
Bankers
Antwerpse
Diamantbank,
account nr.
640-0647700-74
Banks
not known
VAT-nr.
BE449643795
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 :
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 6.167 651
Financial assets 1.264 1.264
Miscellaneous fixed assets 0 0
Total fixed assets 7.431 1.915
Stock 894.581 798.723
Receivables 667.573 682.063
Shares 0 0
Liquid assets 42.874 15.129
Miscellaneous current assets 2.106 4.115
Total current assets 1.607.134 1.500.030
Shareholders
equity 98.527 108.725
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 1.516.038 1.393.220
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 1.614.565 1.501.945
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 2.521.360 3.136.719
Other income 0 0
Total expenses 2.390.667 3.117.584
Operating profit 130.693 19.135
Balance financial P/L -126.734 -6.060
Net profit/loss 1] 3.959 13.075
Taxation 2.124 2.876
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 1.835 10.199
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 1.835 10.199
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 6,1 7,2
Equity/outside
capital 6,5 7,8
LIQUIDITY
Current ratio 1,1 1,1
Acid test 0,5 0,5
RATES OF RETURN %
Total assets 0,2 0,9
Shareholders equity 4 12
Pre tax
margin % 0,2 0,4
Turnover rate 156,2 208,8
(x
1) (x 1)
-------------------- --------------------
Working capital 91.096 106.810
Shareholders equity + Equalization acc. 98.527 108.725
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%)