MIRA
INFORM REPORT
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Report Date : |
23.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
LUKHI DIAM BVBA |
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Registered Office : |
Hovenierstraat 2 Bus 308 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 : |
05.09.2005 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trade in Jewelry. |
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
LUKHI DIAM BVBA
Hovenierstraat 2
Bus 308
2018 - ANTWERPEN
Tel.:+32
(0)3-2909293
Fax.:+32
(0)3-2909495
Legal
status
Private limited company
Founded
05/09/2005 as BVBA
Trade
register
99539438
Capital
Nominal EUR 61.000,--
Issued and paid up EUR 61.000,--
Management
-Aditya Rajesh Gandhi, Belgielaan 114, 2018
Antwerpen.
-Sanjay Kumar Bodara, Lange Herentalstraat
120, 2018 Antwerpen.
Activity
Trade in jewelry.
Staff
2 employees
Turnover
Net turnover:
2006 Euro 15.936.077
2005 Euro 7.069.648
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 36.477
2005 Euro 22.047
The shareholders equity was as of:
31/12/2006 Euro 104.524
31/12/2005 Euro 83.047
The working
capital was as of:
31/12/2006 Euro 1.562.178
31/12/2005 Euro 1.449.589
Bankers
Antwerpse
Diamantbank
Banks
Under remarks
VAT-nr.
BE873539438
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 :
LUKHI DIAM
BVBA
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 8.535 7.216
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 8.535 7.216
Stock 644.243 2.304.062
Receivables 4.764.122 6.094.057
Shares 0 0
Liquid assets 245.256 184.071
Miscellaneous current assets 0 0
Total current
assets 5.653.621 8.582.190
Shareholders
equity 83.047 104.524
Provisions 0 0
Long-term liabilities 1.374.909 1.459.298
Current liabilities 4.204.032 7.020.012
Minority interests 0 0
Miscellaneous
liabilities 168 5.572
Total liabilities 5.662.156 8.589.406
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 7.069.648 15.936.077
Other income 0 0
Total expenses 6.938.441 15.869.351
Operating profit 131.207 66.726
Balance financial P/L -101.228 -19.773
Net profit/loss 1] 29.979 46.953
Taxation 7.932 10.476
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 22.047 36.477
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 22.047 36.477
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2005----- -----2006-----
EQUITY
%
Equity gearing 1,5 1,2
Equity/outside capital 1,5 1,2
LIQUIDITY
Current ratio 1,3 1,2
Acid test 1,2 0,9
RATES OF RETURN %
Total assets 0,5 0,5
Shareholders
equity 36,1 44,9
Pre tax margin
% 0,4 0,3
Turnover rate 124,9 185,5
(x
1) (x 1)
-------------------- --------------------
Working capital 1.449.589 1.562.178
Shareholders
equity + Equalization acc. 83.047 104.524
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%)