MIRA INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
AHIR DIAM BVBA |
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Registered Office : |
Hovenierslaan
55/B79 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 : |
21.08.2003 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Processing
of polished and unpolished diamonds, precious stones, etc. the trade in these
and the import and export of these. |
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
Ahir Diam BVBA
Hovenierslaan 55/b79
2018 ANTWERPEN
Tel.:+32
(0)3-2270772
Fax.:+32
(0)3-2270770
Legal
status
Private limited company
Founded
21/08/2003 as BVBA
Trade
register
52860428
Capital
nominal EUR 18.600,--
issued and paid up EUR 18.600,--
Management
Kumar Soni Kamlesh,
Belgielei 123/b12, 2018 Antwerpen
Activity
Processing
of polished and unpolished diamonds, precious stones, etc. the trade in these and
the import and export of these.
Turnover
Net turnover:
2006 Euro 12.468.526
2005 Euro 9.351.000
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 Previously
located:
-Ahir diam BVBA,
Quinten Matsijslei
11/b17, 2018 ANTWERPEN
Net result:
2006 Euro 11.381
2005 Euro 28.000
The shareholders
equity was as of:
31/12/2006
Euro 1.894.713
31/12/2005
Euro 47.835
The working capital was as of:
31/12/2006
Euro 1.854.969
31/12/2005
Euro 26.958
website : www.ahirdiam.com
Banks
not known
VAT-nr.
BE860428107
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
Ahir Diam BVBA
Hovenierslaan 55/b79, 2018 ANTWERPEN
Trade register 52860428
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Ahir Diam BVBA *** BALANCE SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 20.703 39.320
Financial assets 174 424
Miscellaneous fixed assets 0 0
Total fixed
assets 20.877 39.744
Stock 2.097.443 5.381.397
Receivables 2.971.977 1.572.210
Shares 0 0
Liquid assets 48.625 58.361
Miscellaneous current assets 283 5.642
Total current
assets 5.118.328 7.017.610
Shareholders
equity 47.835 1.894.713
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 5.091.370 5.162.641
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 5.139.205 7.057.354
PROFIT
& LOSS ACCOUNT
Ahir Diam BVBA
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 9.351.000 12.468.526
Other income 0 706
Total expenses 9.108.000 12.306.997
Operating profit 243.000 162.235
Balance financial P/L -200.000 -16.400
Net profit/loss 1] 43.000 145.835
Taxation 15.000 134.454
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 28.000 11.381
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 28.000 11.381
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
Ahir Diam BVBA
-----2005----- -----2006-----
EQUITY
%
Equity gearing 0,9 26,8
Equity/outside capital 0,9 36,7
LIQUIDITY
Current ratio 1 1,4
Acid test 0,6 0,3
RATES OF RETURN %
Total assets 0,8 2,1
Shareholders
equity 89,9 7,7
Pre tax margin
% 0,5 1,2
Turnover rate 182 176,7
(x
1) (x 1)
-------------------- --------------------
Working capital 26.958 1.854.969
Shareholders
equity + Equalization acc. 47.835 1.894.713
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FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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%)