MIRA
INFORM REPORT
|
Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
DIA-VEER BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30 2018
Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
01.01.1992 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale Business in
Unpolished and Polished Diamonds. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Average 15 days beyond terms |
|
|
|
|
Litigation : |
Clear |
name & address
Dia-Veer Bvba
Hoveniersstraat 30
2018 ANTWERPEN
Tel.:+32
(0)3-2133982
Fax.:+32
(0)3-2263815
Legal
status
Private limited company
Founded
01/01/1992, BVBA since
09/04/1992
Trade
register
52289182
Capital
Nominal EUR 600.000,--
Issued and paid up EUR 600.000,--
Management
-Vipul Parekh, Belgielaan 19, 2018
Antwerpen.
-Pankaj Parekh,
Belgielaan 17, 2018 Antwerpen.
Activity
Wholesale business
in unpolished and polished diamonds.
Staff
1 employee.
Turnover
Net turnover:
2006 Euro 16.178.665
2005 Euro 16.770.496
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 23.146
2005 Euro 42.595
The
shareholders equity was as of:
31/12/2006 Euro 631.175
31/12/2005 Euro 234.029
The working
capital was as of:
31/12/2006 Euro 554.781
31/12/2005 Euro 170.032
Other
bankers:
Dexia Bank
Antwerpse Diamantbank
Full address:
Hoveniersstraat 30 Bus 229
Antwerp Diamond House Office 415-416
2018 Antwerpen
Previous name:
Dia-Globe BVBA
The nominal and issued/paid up capital was raised
during October 2007 to EUR 600.000,-
Banks
Under remarks
VAT-nr.
BE446886423
Mode of payment
On average 15 days beyond terms.
Credit demand
No objections against entering into a business relationship.
The
following financial data is retrieved from the corporate balance sheet of :
Dia-Veer Bvba
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 210.373 204.917
Financial assets 4.665 4.665
Miscellaneous
fixed assets 0 0
Total fixed assets 215.038 209.582
Stock 2.504.355 2.849.114
Receivables 3.330.442 3.286.842
Shares 0 0
Liquid assets 238.331 168.537
Miscellaneous
current assets 0 50
Total current
assets 6.073.128 6.304.543
Shareholders equity 234.029 631.175
Provisions 0 0
Long-term
liabilities 151.041 133.188
Current
liabilities 5.903.096 5.749.762
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 6.288.166 6.514.125
PROFIT & LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 16.770.496 16.178.665
Other income 0 0
Total expenses 16.430.069 15.721.982
Operating profit 340.427 456.683
Balance financial
P/L -254.983 -27.160
Net profit/loss 1] 85.444 429.523
Taxation 11.109 32.377
Share in P/L of
subsidiaries 0 0
Net profit/loss 2] 74.335 397.146
Balance
extraordinary P/L -31.740 0
Taxation 0 0
Extraordinary P/L
2] -31.740 0
Res. sub.
companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 -374.000
Net result 42.595 23.146
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 3,7 9,7
Equity/outside
capital 3,9 10,7
LIQUIDITY
Current ratio 1 1,1
Acid test 0,6 0,6
RATES OF RETURN %
Total assets 1,4 6,6
Shareholders equity 36,5 68,1
Pre tax
margin % 0,5 2,7
Turnover rate 266,7 248,4
(x
1) (x 1)
-------------------- --------------------
Working capital 170.032 554.781
Shareholders equity + Equalization acc. 234.029 631.175
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%)