MIRA
INFORM REPORT
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Report Date : |
11.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
MOGULDIAM 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) : |
31.12.2006 |
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Date of Incorporation : |
01.03.1978 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Export of and Wholesale Business in Diamonds and Precious Stones |
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 : |
Average 10 days beyond terms |
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Litigation : |
Clear |
name & address
Moguldiam Bvba
Schupstraat 9-11
2018 ANTWERPEN
Tel.:+32
(0)3-2338303
Fax.:+32
(0)3-2312345
Legal
status
Private limited company
Founded
01/03/1978, BVBA since
07/04/1978
Trade
register
52212771
Capital
Nominal EUR 19.000,--
Issued and paid up EUR 19.000,--
Management
JAIN Vinod K. adres gegevens onbekend
DUGAR Vipin K.,
Fruithoflaan 116, 2600 Antwerpen-Berchem
Activity
Import and export of
and wholesale business in diamonds and precious stones.
Staff
1 employee.
Turnover
Net turnover:
2006 Euro 32.895.991
2005 Euro 20.544.994
2004 Euro 18.738.990
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:
2006 Euro 40.010
2005 Euro 34.011
2004 Euro 34.011
The
shareholders equity was as of:
31/12/2006 Euro 279.004
31/12/2005 Euro 240.011
31/12/2004 Euro 206.000
The working
capital was as of:
31/12/2006 Euro 271.988
31/12/2005 Euro 232.003
31/12/2004 Euro 197.001
Other bankers:
Antwerpse
Diamantbank,
account nr.
640-0795900-58
Import :
India and the USA
Export :
worldwide
Import
share : 65 %
Address as
suggested by you is not entirely correct.
Banks
ABN-AMRO NV, 640-0795900-58
VAT-nr.
BE418170760
Mode
of payment
On average 10 days beyond
terms.
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from the corporate balance
sheet of :
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 3.000 2.008
Financial assets 5.007 5.007
Miscellaneous fixed assets 0 0
Total fixed assets 8.007 6.991
Stock 8.102.995 6.857.008
Receivables 7.969.008 10.841.969
Shares 0 0
Liquid assets 427.988 646.011
Miscellaneous current assets 0 0
Total current assets
16.499.991
18.344.988
Shareholders
equity 240.011 279.004
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 16.267.988 18.073.000
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 16.507.999 18.352.004
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 20.544.994 32.895.991
Other income 35.003 11.998
Total expenses 19.873.995 32.821.995
Operating profit 706.001 85.994
Balance financial P/L -653.001 -24.988
Net profit/loss 1] 53.000 61.007
Taxation 18.989 20.997
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 34.011 40.010
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
34.011 40.010
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 1,5 1,5
Equity/outside
capital 1,5 1,5
LIQUIDITY
Current ratio 1 1
Acid test 0,5 0,6
RATES OF RETURN %
Total assets 0,3 0,3
Shareholders equity 22,1 21,9
Pre tax
margin % 0,3 0,2
Turnover rate 124,5 179,3
(x
1) (x 1)
-------------------- --------------------
Working capital 232.003 271.988
Shareholders equity + Equalization acc. 240.011 279.004
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.44 |
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UK Pound |
1 |
Rs.79.62 |
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Euro |
1 |
Rs.63.48 |
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%)