MIRA
INFORM REPORT
|
Report Date : |
03.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
WINDIAM BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 53 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
30.06.2007 |
|
|
|
|
Date of Incorporation : |
13.06.1991 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trade in Diamonds. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Average 50 days beyond terms |
|
|
|
|
Litigation : |
Clear |
name & address
Windiam Bvba
Hoveniersstraat 53
ANTWERPEN
Tel.:+32
(0)3-2266200
Fax.:+32
(0)3-2266200
Legal status
Private limited company
Founded
13/06/1991 as BVBA
Trade register
52283610
Capital
Nominal EUR 19.000,--
Issued and paid up EUR 19.000,--
Management
Alexander Jaffe, Peter Benoitstraat 34, 2018 Antwerpen
Gon
Raz, Meerenlaan 35, 2610 Antwerpen-Wilrijk
Activity
Trade in diamonds.
Staff
16 employees
Turnover
Net turnover:
2007
Euro 83.521.000
2006
Euro 122.926.000
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 (811.000)
2006 Euro 1.000
The shareholders equity was as of:
30/6/2007 Euro 13.939.000
30/6/2006 Euro 3.514.000
The working capital was as of:
30/6/2007 Euro 11.576.000
30/6/2006 Euro 5.841.000
Accountants:
Westen, Francois & Co Bedrijfsrevisoren BVBA, Sint Denijs Westrem
Subject matter held a stake in Windiam Jewellery Sprl, which was
dissolved during 2005.
Banks
not known
VAT-nr.
BE444250793
Mode of payment
On average 50 days beyond terms.
Credit demand
No objections against entering into a business relationship.
In view of the company s slow payments, we recommend you to follow the
course of business.
The
following financial data is retrieved from the corporate balance sheet of :
Windiam
Bvba
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---30-06-2006--- ------30-06-2007---
Intangible assets 50.000 33.000
Tangible assets 4.467.000 4.235.000
Financial assets 4.000 4.000
Miscellaneous
fixed assets 0 0
Total fixed assets 4.521.000 4.272.000
Stock 20.020.000 16.296.000
Receivables 8.744.000 11.474.000
Shares 0 0
Liquid assets 127.000 77.000
Miscellaneous
current assets 32.000 28.000
Total current
assets 28.923.000 27.875.000
Shareholders equity 3.514.000 13.939.000
Provisions 0 0
Long-term
liabilities 6.800.000 1.821.000
Current
liabilities 23.082.000 16.299.000
Minority interests 0 0
Miscellaneous
liabilities 48.000 88.000
Total liabilities 33.444.000 32.147.000
PROFIT & LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---30-06-2006--- ------30-06-2007---
Turnover 122.926.000 83.521.000
Other income 76.000 34.000
Total expenses 121.238.000 82.934.000
Operating profit 1.764.000 621.000
Balance financial
P/L -1.707.000 -673.000
Net profit/loss 1] 57.000 -52.000
Taxation 53.000 748.000
Share in P/L of
subsidiaries 0 0
Net profit/loss 2] 4.000 -800.000
Balance
extraordinary P/L -3.000 -11.000
Taxation 0 0
Extraordinary P/L
2] -3.000 -11.000
Res. sub.
companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 1.000 -811.000
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2006----- -----2007-----
EQUITY %
Equity gearing 10,5 43,4
Equity/outside
capital 11,7 76,6
LIQUIDITY
Current ratio 1,3 1,7
Acid test 0,4 0,7
RATES OF RETURN %
Total assets 0,2 -0,2
Shareholders equity 1,6 -0,4
Pre tax
margin % 0 -0,1
Turnover rate 367,6 259,8
(x
1) (x 1)
-------------------- --------------------
Working capital 5.841.000 11.576.000
Shareholders equity + Equalization acc. 3.514.000 13.939.000
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.96 |
|
UK Pound |
1 |
Rs.83.91 |
|
Euro |
1 |
Rs.66.36 |
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%)