MIRA
INFORM REPORT
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Report Date : |
23.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
TEJ DIAM BVBA |
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Registered Office : |
Hoveniersstraat 2/542, 2018
Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
20.10.1995 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale Business 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 : |
No Complaints |
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Litigation : |
Clear |
name & address
Tej Diam BVBA
Hoveniersstraat
2/542
2018 ANTWERPEN
Tel.:+32
(0)3-2260389
Legal status
Private limited company
Founded
20/10/1995 as BVBA
Trade register
52312646
Capital
Nominal EUR 18.592,--
Issued and paid up EUR 18.592,--
Management
Shah
Mukesh, Belgielei 50/16, 2018 Antwerpen
Activity
Wholesale business in polished and
unpolished diamonds.
Staff
No other employees
Turnover
Net turnover:
2007 Euro 2.251.131
2006 Euro 1.161.444
2005 Euro 1.913.653
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 2.238
2006 Euro 1.450
2005 Euro 1.671
The
shareholders equity was as of:
30/6/2007 Euro 50.073
30/6/2006 Euro 47.835
30/06/2005 Euro 46.385
The working
capital was as of:
30/6/2007 Euro 24.238
30/6/2006 Euro 34.442
30/06/2005 Euro 35.161
Other bankers:
Antwerpse
Diamantbank
Banks
Under remarks
VAT-nr.
BE456247418
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 :
Tej Diam BVBA
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---30-06-2006--- ------30-06-2007---
Intangible assets 0 0
Tangible assets 105.670 131.585
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 105.670 131.585
Stock 921.281 913.051
Receivables 159.326 420.410
Shares 0 0
Liquid assets 146.611 31.230
Miscellaneous current assets 0 0
Total current assets 1.227.218 1.364.691
Shareholders
equity 47.835 50.073
Provisions 0 0
Long-term liabilities 92.277 105.750
Current liabilities 1.192.776 1.340.453
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 1.332.888 1.496.276
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---30-06-2006--- ------30-06-2007---
Turnover 1.161.444 2.251.131
Other income 0 0
Total expenses 1.153.330 2.237.803
Operating profit 8.114 13.328
Balance financial P/L -6.172 -10.105
Net profit/loss 1] 1.942 3.223
Taxation 492 985
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 1.450 2.238
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 1.450 2.238
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2006----- -----2007-----
EQUITY
%
Equity gearing 3,6 3,3
Equity/outside capital 3,7 3,5
LIQUIDITY
Current ratio 1 1
Acid test 0,3 0,3
RATES OF RETURN %
Total assets 0,1 0,2
Shareholders
equity 4,1 6,4
Pre tax margin
% 0,2 0,1
Turnover rate 87,1 150,4
(x
1) (x 1)
-------------------- --------------------
Working capital 34.442 24.238
Shareholders
equity + Equalization acc. 47.835 50.073
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.72 |
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UK Pound |
1 |
Rs.84.81 |
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Euro |
1 |
Rs.67.60 |
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%)