MIRA
INFORM REPORT
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Report Date : |
20.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
D-GOLDI 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 : |
19.06.1996 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Processing
and having processed of, trade in, import/export of and broker trade in
polished and unpolished 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 : |
Regular |
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Litigation : |
Clear |
name & address
D-Goldi Bvba
Hoveniersstraat 30
2018 ANTWERPEN
Tel.:+32
(0)3-2336058
Legal
status
Private limited company
Founded
19/06/1996, BVBA since
29/07/1996
Trade
register
52317253
Capital
Nominal EUR 1.864.000,--
Issued and paid up EUR 1.864.000,--
Management
Dinesh Vasarambhai
Narola, Quinten Matsijslei 12, 2018 Antwerpen
Girishkumar Harilal
Patel, Quinten Matsijslei 22, 2018 Antwerpen.
Activity
Processing and
having processed of, trade in, import/export of and broker trade in polished
and unpolished diamonds.
Staff
1 employee.
Turnover
Net turnover:
2007 Euro 52.810.000
2006 Euro 55.748.000
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 87.000
2006 Euro (13.000)
The
shareholders equity was as of:
31/12/2007 Euro 2.209.000
31/12/2006 Euro 2.123.000
The working
capital was as of:
31/12/2007 Euro 3.948.000
31/12/2006 Euro 4.113.000
Other bankers:
Antwerpse
Diamantbank
Banks
Under remarks
VAT-nr.
BE458259771
Mode
of payment
Within terms
Credit
demand
No objections against entering
into a business relationship.
The following financial data is retrieved from
the corporate balance sheet of :
D-Goldi Bvba
BALANCE
SHEET
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2006--- ------31-12-2007---
Intangible assets 0 0
Tangible assets 384 376
Financial assets 1 1
Miscellaneous fixed assets 0 0
Total fixed assets 385 377
Stock 2.173 1.627
Receivables 20.979 7.727
Shares 0 0
Liquid assets 9 13
Miscellaneous current assets 6 8
Total current assets 23.167 9.375
Shareholders
equity 2.123 2.209
Provisions 0 0
Long-term liabilities 2.375 2.111
Current liabilities 19.054 5.427
Minority interests 0 0
Miscellaneous
liabilities 0 5
Total liabilities 23.552 9.752
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2006--- ------31-12-2007---
Turnover 55.748 52.810
Other income 39 57
Total expenses 55.203 52.299
Operating profit 584 568
Balance financial P/L -483 -450
Net profit/loss 1] 101 118
Taxation 114 31
Share in P/L of subsidiaries 0 0
Net profit/loss 2] -13 87
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 -13 87
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2006----- -----2007-----
EQUITY %
Equity gearing 9 22,7
Equity/outside
capital 9,9 29,3
LIQUIDITY
Current ratio 1,2 1,7
Acid test 1,1 1,4
RATES OF RETURN %
Total assets 0,4 1,2
Shareholders equity 4,8 5,3
Pre tax
margin % 0,2 0,2
Turnover rate 236,7 541,5
(x
1.000) (x 1.000)
-------------------- --------------------
Working capital 4.113 3.948
Shareholders equity + Equalization acc. 2.123 2.209
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%)