MIRA INFORM REPORT
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Report Date : |
25.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAILAM BVBA |
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Registered Office : |
Hovenierstraat 2 Bus 337, 2000 Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
16.03.1985 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader of Diamonds and Jewellery. |
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
SAILAM BVBA
Hovenierstraat 2
Bus 337
2000 ANTWERPEN
Tel.:+32
(0)3-2316543
Fax.:+32
(0)3-2251407
Legal
status
Private limited company
Founded
16/03/1985, BVBA since
11/11/1990
Trade
register
99245398
Capital
nominal EUR 18.592,--
issued and paid up EUR 18.592,--
Management
-Shah Sailesh,
Belgielaan 81, 2018 Antwerpen.
Activity
The trade in
diamonds and jewellery.
Staff
No other employees
Turnover
Net turnover:
2006 Euro 2.904.835
2005 Euro 4.823.232
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 29.070
2005 Euro 32.473
The shareholders equity was as of:
31/12/2006 Euro 702.648
31/12/2005 Euro 103.280
The working capital was as of:
31/12/2006 Euro 880.343
31/12/2005 Euro 306.483
Bankers
Antwerpse Diamantbank
Full address:
Hovenierstraat 2 8, 4th floor bus337
Antwerp Diamant Center Office 439.
2018 Antwerpen
Banks
Under remarks
VAT-nr.
BE427028345
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 :
Sailam Bvba
Hovenierstraat
2 Bus 337, 2000 ANTWERPEN
Trade
register 99245398
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Sailam Bvba *** BALANCE SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 58.241 47.275
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 58.241 47.275
Stock 251.131 860.524
Receivables 731.947 472.445
Shares 6.219 6.219
Liquid assets 16.119 86.701
Miscellaneous current assets 12.816 1.304
Total current
assets 1.018.232 1.427.193
Shareholders
equity 103.280 702.648
Provisions 0 0
Long-term liabilities 261.444 224.970
Current liabilities 711.749 546.850
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 1.076.473 1.474.468
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 4.823.232 2.904.835
Other income 0 0
Total expenses 4.731.124 2.834.950
Operating profit 92.108 69.885
Balance financial P/L -51.667 -8.360
Net profit/loss 1] 40.441 61.525
Taxation 7.763 32.430
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 32.678 29.095
Balance extraordinary P/L -205 -25
Taxation 0 0
Extraordinary P/L 2] -205 -25
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 32.473 29.070
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 9,6 47,7
Equity/outside
capital 10,6 91
LIQUIDITY
Current ratio 1,4 2,6
Acid test 1,1 1
RATES OF RETURN %
Total assets 3,8 4,2
Shareholders equity 39,2 8,8
Pre tax
margin % 0,8 2,1
Turnover rate 448,1 197
(x
1) (x 1)
-------------------- --------------------
Working capital 306.483 880.343
Shareholders equity + Equalization acc. 103.280 702.648
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.79 |
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UK Pound |
1 |
Rs.85.04 |
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Euro |
1 |
Rs.67.34 |
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%)