MIRA
INFORM REPORT
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Report Date : |
12.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ASIAN-DIAMONDS BVBA |
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Registered Office : |
Hovenierstraat 2 2018 Antwerp |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
17.02.1992 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trade in all Sorts of
Diamonds. |
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
Asian-Diamonds
BVBA
Hovenierstraat 2
2018 ANTWERP
Tel.:+32
(0)3-2338454
Legal
status
Private limited company
Founded
17/02/1992 as BVBA
Trade
register
46607992
Capital
Nominal EUR 18.592,--
Issued and paid up EUR 18.592,--
Activity
Trade in all sorts
of diamonds.
Staff
1 employee.
Turnover
Net turnover:
2006 Euro 11.171.187
2005 Euro 9.883.516
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 21.680
2005 Euro 16.239
The shareholders equity was as
of:
31/12/2006 Euro 114.227
31/12/2005 Euro 92.547
The working capital was as of:
31/12/2006 Euro 34.123
31/12/2005 Euro 32.278
Website : www.asiandiamondsbvba.com
Banks
ABN-AMRO Bank NV
VAT-nr.
BE446607992
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 :
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 196.702 210.281
Financial assets 684 684
Miscellaneous fixed assets 0 0
Total fixed assets 197.386 210.965
Stock 1.182.430 1.351.557
Receivables 2.594.177 2.938.748
Shares 0 0
Liquid assets 142.323 95.156
Miscellaneous current assets 2.651 3.229
Total current assets 3.921.581 4.388.690
Shareholders
equity 92.547 114.227
Provisions 0 0
Long-term liabilities 137.117 129.606
Current liabilities 3.889.303 4.354.567
Minority interests 0 0
Miscellaneous
liabilities 0 1.255
Total liabilities 4.118.967 4.599.655
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 9.883.516 11.171.187
Other income 4.706 0
Total expenses 9.821.154 11.118.423
Operating profit 67.068 52.764
Balance financial P/L -45.712 -29.894
Net profit/loss 1] 21.356 22.870
Taxation 5.297 1.190
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 16.059 21.680
Balance extraordinary P/L 180 0
Taxation 0 0
Extraordinary P/L 2] 180 0
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 16.239 21.680
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2005----- -----2006-----
EQUITY
%
Equity gearing 2,2 2,5
Equity/outside capital 2,3 2,5
LIQUIDITY
Current ratio 1 1
Acid test 0,7 0,7
RATES OF RETURN %
Total assets 0,5 0,5
Shareholders
equity 23,1 20
Pre tax margin
% 0,2 0,2
Turnover rate 240 242,9
(x
1) (x 1)
-------------------- --------------------
Working capital 32.278 34.123
Shareholders
equity + Equalization acc. 92.547 114.227
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.77 |
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UK Pound |
1 |
Rs.80.67 |
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Euro |
1 |
Rs.64.20 |
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%)