MIRA
INFORM REPORT
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Report Date : |
20.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ABHIDIMON BVBA |
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Registered Office : |
Hoveniersstraat 30 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 : |
09.01.1997 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Export of
Polished 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
Abhidimon BVBA
Hoveniersstraat 30
2018 ANTWERPEN
Tel.:+32
(0)3-2263989
Fax.:+32
(0)3-2265356
Legal
status
Private limited company
Founded
09/01/1997 as BVBA
Trade
register
52321166
Capital
Nominal EUR 19.000,--
Issued and paid up EUR 19.000,--
Management
MEHTA Jayesh,
Belgielaan 143, 2018 Antwerpen
MEHTA Atulkumar
Rajnikant, Angelus Roncallilaan 40, 2610 Wilrijk
Activity
Import and export of
polished diamonds.
Staff
1 employee.
Turnover
Net turnover:
2007 Euro 29.645.609
2006 Euro 31.046.012
2005 Euro 44.115.999
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 63.876
2006 Euro 181.012
2005 Euro 82.003
The
shareholders equity was as of:
31/12/2007 Euro 5.817.511
31/12/2006 Euro 5.754.005
31/12/2005 Euro 417.998
The working
capital was as of:
31/12/2007 Euro 5.707.061
31/12/2006 Euro 5.307.004
31/12/2005 Euro (69.981)
Other bankers:
Artesia Bank
Antwerpse
Diamantbank
Previous
address:
Hoveniersstraat
2 2018 ANTWERPEN
Import :
India
Export :
India, Italy and the USA
Full
address:
Hoveniersstraat
30 Bus 144 Office 634 2018 Antwerpen Belgium
Banks
Under remarks
VAT-nr.
BE459870763
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 :
Abhidimon BVBA
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Intangible assets 0 0
Tangible assets 447.002 406.983
Financial assets 0 200
Miscellaneous fixed assets 0 0
Total fixed
assets 447.002 407.183
Stock 10.038.002 7.289.105
Receivables 13.860.000 13.492.288
Shares 0 0
Liquid assets 2.229.009 2.051.792
Miscellaneous current assets 0 668
Total current assets 26.127.011 22.833.853
Shareholders
equity 5.754.005 5.817.511
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 20.820.007 17.126.792
Minority interests 0 0
Miscellaneous
liabilities 0 296.733
Total liabilities 26.574.012 23.241.036
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Turnover 31.046.012 29.645.609
Other income 0 0
Total expenses 24.793.022 28.653.136
Operating profit 6.252.990 992.473
Balance financial P/L -653.001 -903.284
Net profit/loss 1] 5.599.989 89.189
Taxation 264.007 25.313
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 5.335.982 63.876
Balance extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L 2] 0 0
Res. sub. companies 2] 0 0
Minority interests 6.991 0
Miscellaneous P/L 0 0
Net result 181.012 63.876
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2006----- -----2007-----
EQUITY %
Equity gearing 21,7 25
Equity/outside
capital 27,6 33,4
LIQUIDITY
Current ratio 1,3 1,3
Acid test 0,8 0,9
RATES OF RETURN %
Total assets 21,1 0,4
Shareholders equity 97,3 1,5
Pre tax
margin % 18 0,3
Turnover rate 116,8 127,6
(x
1) (x 1)
-------------------- --------------------
Working capital 5.307.004 5.707.061
Shareholders equity + Equalization acc. 5.754.005 5.817.511
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.32 |
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UK Pound |
1 |
Rs.83.57 |
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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%)