MIRA
INFORM REPORT
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Report Date : |
03.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
DIAROUGH SOURCING SA |
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Formerly Known as : |
EGON SOURCING SA |
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Registered Office : |
Avenue Monterey 23 2086 |
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Country : |
Luxembourg |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
18.11. 2004 |
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Legal Form : |
Public Limited Liability
Company |
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Line of Business : |
Holding Company |
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 : |
Holding Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
Diarough Sourcing SA
Avenue Monterey 23
2086 Luxembourg
LUXEMBOURG
Name till 08.08.2006 :
EGON SOURCING SA
summary
Legal Form Public Limited Liability Company since
18 Nov 2004
Trade Register Number B104283
Issued capital $ 100.000,0000
Paid Up Capital $ 50.000,0000
MANAGEMENT
Saurin Parikh (also manager
of Diarough European Sales
Parikh Nishit
Sacks Jeffrey
SHAREHOLDERS
Noelle Piccione : 50,0%
Egon Finance SA : 1,0%
ACTIVITIES
Holding company
Employees : the management
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BALANCE
SHEET |
Non
consolidated |
Non
consolidated |
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Gross Profit/Loss |
0 |
0 |
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Tangible Net Worth |
(12) |
20 |
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Total Fixed Assets |
0 |
0 |
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Total Assets |
0 |
24 |
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Total Current Assets |
0 |
24 |
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Current Liabilities |
- |
1 |
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Working Capital |
0 |
23 |
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Long Term Liabilities |
- |
3 |
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Amount due to tax
authorities |
None |
None |
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Amount due to Social
Security |
None |
None |
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Amounts receivable from directors |
None |
None |
;){kind=small}
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Non consolidated |
Non consolidated |
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Tangible Net Worth |
(12) |
20 |
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Total Fixed Assets |
0 |
0 |
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Total Assets |
0 |
24 |
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Total Current Assets |
0 |
24 |
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Current Liabilities |
- |
1 |
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Net Current Assets (Liabilities) |
0 |
23 |
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Long Term Liabilities |
- |
3 |
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Fiscal |
Fiscal |
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ASSETS |
|||
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Total Fixed Assets |
0 |
0 |
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Cash at bank in/hand |
0 |
24 |
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Total Current Assets |
0 |
24 |
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Total Assets |
0 |
24 |
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LIABILITIES |
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Net Worth / Shareholders Funds |
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Paid Up Capital |
50 |
50 |
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Net Worth |
(12) |
20 |
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Retained Profit Account |
(62) |
(30) |
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Other current liabilities
incl. Accruals and deferred income |
- |
3 |
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Total Current Liabilities |
- |
1 |
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Total Liabilities |
0 |
24 |
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Code |
Non consolidated |
Non consolidated |
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Loss For The Year After
Tax |
67/70 |
(31) |
(21) |
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Loss For The Year |
68/70 |
(31) |
(21) |
Financial Ratios for Diarough Sourcing SA
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INDUSTRY
COMPARISON |
STATEMENT DATE |
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Lowest Quartile |
Median |
Highest Quartile |
2006 |
2005 |
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Financial Status |
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Acid Test (x) |
0,2 |
0,8 |
4,7 |
- |
24 |
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Current Ratio (x) |
0,2 |
0,9 |
4,8 |
- |
24 |
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Solvency Ratio (%) |
242,7 |
95,8 |
14,7 |
(100) |
20 |
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Fixed Assets/Net Worth (%) |
289,9 |
165,6 |
96,7 |
0 |
0 |
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Non Current assets/Net Worth (%) |
289,9 |
153,8 |
62,7 |
0 |
0 |
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Current Liabilities/Net Worth (%) |
68,2 |
22,0 |
7,0 |
- |
5 |
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Degree of indebtness (%) |
72,8 |
48,9 |
16,8 |
- |
16,7 |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.88 |
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UK Pound |
1 |
Rs.82.97 |
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Euro |
1 |
Rs.64.99 |
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%)