MIRA
INFORM REPORT
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Report Date : |
31.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUPRADIAM 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) : |
30.06.2007 |
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Date of Incorporation : |
26.10.1995 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The Wholesale Business in
Polished and Unpolished Diamonds, Precious Stones, Pearls, Jewelry, etc |
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 : |
Moderate |
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Payment Behaviour : |
Slow by 50 days |
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Litigation : |
Clear |
name & address
Supradiam Bvba
Schupstraat 9-11
2018 ANTWERPEN
Tel.:+32
(0)3-2133123
Fax.:+32
(0)3-2325925
Legal
status
Private limited company
Founded
26/10/1995 as BVBA
Trade
register
52313079
Capital
Nominal EUR 18.592,--
Issued and paid up EUR 18.592,--
Management
Vipin KumarDugar,
born 05/10/1952, Fruithoflaan 116,
ANTWERPEN
Ajay Bhandari, Van Eycklei 28/5, 2018
Antwerpen
Activity
The wholesale
business in polished and unpolished diamonds, precious stones, pearls, jewelry,
etc.
Staff
One employee
Turnover
Net turnover:
2007 Euro 755.292
2006 Euro 414.002
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:
2007 Euro 1.334
2006 Euro 736
The
shareholders equity was as of:
30/6/2007 Euro 29.841
30/6/2006 Euro 28.507
The working
capital was as of:
30/6/2007 Euro 26.062
30/6/2006 Euro 23.260
Former
address:
VAN
EYCKLEI.28.5 2018 ANTWERPEN
Banks
not known
VAT-nr.
BE456324127
Mode
of payment
On average 50 days beyond
terms.
Credit
demand
No direct objections
against entering into a business relationship.
In view of the financial
situation, we recommend you to follow the company s future developments.
The following financial data is retrieved from
the corporate balance sheet of :
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---30-06-2006--- ------30-06-2007---
Intangible assets 0 0
Tangible assets 5.299 1.544
Financial assets 2.235 2.235
Miscellaneous fixed assets 0 0
Total fixed assets 7.534 3.779
Stock 160.556 102.288
Receivables 486 46.348
Shares 843 843
Liquid assets 42.891 29.134
Miscellaneous current assets 2.234 2.276
Total current assets 207.010 180.889
Shareholders equity 28.507 29.841
Provisions 0 0
Long-term liabilities 2.287 0
Current liabilities 183.750 154.827
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 214.544 184.668
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---30-06-2006--- ------30-06-2007---
Turnover 414.002 755.292
Other income 0 0
Total expenses 411.930 753.21
Operating profit 2.072 2.076
Balance financial P/L -536 -351
Net profit/loss 1] 1.536 1.725
Taxation 800 391
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 736 1.334
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 736 1.334
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2006----- -----2007-----
EQUITY %
Equity gearing 13,3 16,2
Equity/outside
capital 15,3 19,3
LIQUIDITY
Current ratio 1,1 1,2
Acid test 0,3 0,5
RATES OF RETURN %
Total assets 0,7 0,9
Shareholders equity 5,4 5,8
Pre tax
margin % 0,4 0,2
Turnover rate 193 409
(x
1) (x 1)
-------------------- --------------------
Working capital 23.260 26.062
Shareholders equity + Equalization acc. 28.507 29.841
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%)