MIRA
INFORM REPORT
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Report Date : |
16.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
CAPITAL DIAMONDS BVBA |
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Registered Office : |
Frankrijklei 94 2000
Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
04.10.2005 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Processing
of and Trade in Polished and Unpolished Diamonds, Precious Stones, Jewelry, Precious
Metals and Related Articles. |
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
Capital Diamonds
Bvba
Frankrijklei 94
2000 ANTWERPEN
Tel.:+32
(0)3-2323280
Fax.:+32
(0)3-2323285
Legal
status
Private limited company
Founded
04/10/2005 as BVBA
Trade
register
76856937
Capital
Nominal EUR 18.600,--
Issued and paid up EUR 18.600,--
Management
Abdulla Dagher,
Frankrijklei 94/12, 2000 Antwerpen.
Activity
Processing of
and trade in polished and unpolished diamonds, precious stones, jewelry,
precious metals and related articles.
Staff
1 employee.
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 4.769
2006 Euro 2.518
The
shareholders equity was as of:
31/12/2007 Euro 25.886
31/12/2006 Euro 21.118
The working
capital was as of:
31/12/2007 Euro 5.758
31/12/2006 Euro 7.064
Bankers :
Antwerpse
Diamantbank
Website :
www.capital-diamonds.com
Office
address:
2
Hovenierstraat Suite516, B526, 2018 Antwerp
Daily
management lies in the hands of Mohammed Dagher.
Banks
Under remarks
VAT-nr.
BE876856937
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 :
Capital Diamonds Bvba
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Intangible assets 0 0
Tangible assets 26.060 30.701
Financial assets 310 310
Miscellaneous fixed assets 0 0
Total fixed assets 26.370 31.011
Stock 149.351 434.790
Receivables 120.534 86.525
Shares 0 0
Liquid assets 76.581 11.793
Miscellaneous current assets 3.120 5.356
Total current assets 349.586 538.464
Shareholders
equity 21.118 25.886
Provisions 0 0
Long-term liabilities 12.316 8.429
Current liabilities 342.522 532.706
Minority interests 0 0
Miscellaneous
liabilities 0 2.454
Total liabilities 375.956 569.475
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Turnover 0 0
Other income 0 0
Total expenses 0 0
Operating profit 4.170 15.301
Balance financial P/L
-652 -9.818
Net profit/loss 1] 3.518 5.483
Taxation 1.000 714
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 2.518 4.769
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
Net result 2.518 4.769
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2006----- -----2007-----
EQUITY %
Equity gearing 5,6 4,5
Equity/outside
capital 6 4,8
LIQUIDITY
Current ratio 1 1
Acid test 0,6 0,2
RATES OF RETURN %
Total assets 0,9 1
Shareholders equity 16,7 21,2
Pre tax margin % 0 0
Turnover rate 0 0
(x
1) (x 1)
-------------------- --------------------
Working capital 7.064 5.758
Shareholders equity + Equalization acc. 21.118 25.886
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.63 |
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UK Pound |
1 |
Rs.83.76 |
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Euro |
1 |
Rs.66.49 |
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%)