MIRA
INFORM REPORT
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Report Date : |
27.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUPER DIAM BVBA |
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Registered Office : |
Hoveniersstraat 2B533 2018
Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
27.01.1998 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The Preparation of
(rough) Diamonds, Gem Stones and Jewelery. |
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
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Super Diam Bvba |
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Hoveniersstraat
2b533 |
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2018 ANTWERPEN |
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Tel.:+32
(0)3-2343214 |
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Fax.:+32
(0)3-2343216 |
Legal
status
Private limited company
Founded
27/01/1998 as BVBA
Trade
register
52327374
Capital
Nominal EUR 300.000,--
Issued and paid up EUR 300.000,--
Management
Samir Ravjibhai
Khadela, Quinten Matsijslei 37, 2018 Antwerpen.
Activity
The preparation of
(rough) diamonds, gem stones and jewelery.
Staff
1 employee.
Turnover
Net turnover:
2007 Euro 62.484.356
2006 Euro 62.938.717
2005 Euro 22.085.008
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 147.699
2006 Euro 56.094
2005 Euro 17.005
The
shareholders equity was as of:
31/12/2007 Euro 1.409.824
31/12/2006 Euro 1.309.209
31/12/2005 Euro 121.988
The working
capital was as of:
31/12/2007 Euro 2.240.009
31/12/2006 Euro 2.234.448
31/12/2005 Euro 107.983
Bank
relation: Antwerpse Diamantbank NV
Complete
address:
Hoveniersstraat
2 bus 533-kamer
ADC
Building Office 2018 Antwerp
Email:
superdiam@iway.be
The address
as you provided is not completely correct.
Banks
Under remarks
VAT-nr.
BE462514806
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 :
Super Diam Bvba
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Intangible assets 0 0
Tangible assets 23.888 34.264
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 23.888 34.264
Stock 5.573.621 2.824.945
Receivables 10.261.045 5.603.677
Shares 0 0
Liquid assets 602.893 837.517
Miscellaneous current assets 361 1.253
Total current assets 16.437.920 9.267.392
Shareholders
equity 1.309.209 1.409.824
Provisions 0 0
Long-term liabilities 949.127 849.127
Current liabilities 14.203.472 7.027.383
Minority interests 0 0
Miscellaneous
liabilities 0 15.322
Total liabilities 16.461.808 9.301.656
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Turnover 62.938.717 62.484.356
Other income 0 0
Total expenses 63.169.485 62.254.744
Operating profit -230.768 229.612
Balance financial P/L 286.862 -81.913
Net profit/loss 1] 56.094 147.699
Taxation 0 0
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 56.094 147.699
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 56.094 147.699
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2006----- -----2007-----
EQUITY
%
Equity gearing 8 15,2
Equity/outside capital 8,6 17,9
LIQUIDITY
Current ratio 1,2 1,3
Acid test 0,8 0,9
RATES OF RETURN %
Total assets 0,3 1,6
Shareholders
equity 4,3 10,5
Pre tax margin
% 0,1 0,2
Turnover rate 382,3 671,8
(x
1) (x 1)
-------------------- --------------------
Working capital 2.234.448 2.240.009
Shareholders
equity + Equalization acc. 1.309.209 1.409.824
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.77 |
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UK Pound |
1 |
Rs.79.78 |
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Euro |
1 |
Rs.63.36 |
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%)