MIRA INFORM REPORT
|
Report Date : |
05.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
DIMEXON |
|
|
|
|
Registered Office : |
30, Hoveniersstraat, Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
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|
|
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Date of Incorporation : |
08.06.2005 |
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|
|
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Com. Reg. No.: |
874584266 |
|
|
|
|
Legal Form : |
Limited Company |
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|
|
|
Line of Business : |
Wholesale of other intermediate products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
(€)1,950,000 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
company details |
|
|
Company Number |
874584266 |
|
Name |
DIMEXON |
|
Address |
30, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032342561 |
|
Fax Number |
-- |
|
Establishment Date |
08-06-2005 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
7 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
-- |
|
House Number |
|
|
City |
-- |
|
Postal Code |
|
|
Trade Registered Number |
|
|
Trade Registered Entry Date |
-- |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
5787 |
|
Event Description |
Empty article |
|
Rating and Limit |
|
|
Credit Information |
|
|
Credit Limit (€) |
1,950,000 |
|
Purchase Limit (€) |
|
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,182 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
29.17 |
|
Day Sales Outstanding |
89.15 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
Industry Average Day Sales Outstanding |
124.66 |
|
Industry Average Payment Expectation Days |
137 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
41.25 |
|
Payment Expectations - Median |
90.32 |
|
Payment Expectations - Upper |
162.53 |
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|
|
|
Day Sales Outstanding - Lower |
31.52 |
|
Day Sales Outstanding - Median |
75.21 |
|
Day Sales Outstanding - Upper |
158.58 |
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Company Shareholder Holding |
|
|
Shareholder Detail |
|
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Company Number |
3794084 |
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Company Name |
DIMEXON INTERNATIONAL HOLDING |
|
Address |
WESTBLAAK 204, KN |
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Postal Code |
3012 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
Company Accounts
|
Period |
|||
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Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
121,398,945 |
158,803,935 |
- |
|
Total Operating Expenses |
123,902,284 |
157,336,373 |
- |
|
Operating Result |
-2,503,339 |
1,467,562 |
148,326 |
|
Total Financial Income |
15,948 |
291,914 |
73,109 |
|
Total Financial Expenses |
558,737 |
602,849 |
170,768 |
|
Results on Ordinary Operations Before Tax |
-3,046,129 |
1,156,627 |
50,667 |
|
Taxation |
2,818 |
- |
8,000 |
|
Results on Ordinary Operations After Tax |
-3,048,947 |
1,156,627 |
42,667 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
-3,048,947 |
1,156,627 |
42,667 |
|
Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
605,541 |
933,584 |
0 |
|
- Wages & Salaries |
435,193 |
681,894 |
- |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
118,395 |
160,630 |
- |
|
- Other Employee Costs |
51,953 |
91,060 |
- |
|
Amortization & Depreciation |
- |
- |
- |
|
Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
0 |
0 |
0 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
0 |
0 |
0 |
|
- Other Tangible Assets |
0 |
0 |
0 |
|
Financial Fixed Assets |
103 |
149 |
0 |
|
Total Fixed Assets |
103 |
149 |
0 |
|
Inventories |
11,370,861 |
28,779,919 |
0 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
11,370,861 |
28,779,919 |
0 |
|
Trade Debtors |
29,650,709 |
57,142,341 |
588,521 |
|
Cash |
645,009 |
1,503,558 |
993,054 |
|
- Miscellaneous Current Assets |
65,717 |
0 |
-1 |
|
Total Current Assets |
41,810,537 |
87,877,485 |
1,582,317 |
|
Current Liabilities |
|||
|
- Trade Creditors |
9,903,107 |
34,578,543 |
17,505 |
|
- Short Term Group Loans |
4,814,960 |
28,972,865 |
0 |
|
- Other Short Term Loans |
15,588,486 |
18,354,560 |
0 |
|
- Miscellaneous Current Liabilities |
-4,751,692 |
-28,854,849 |
1,396,390 |
|
Total Current Liabilities |
25,554,861 |
53,051,119 |
1,413,895 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
0 |
0 |
0 |
|
- Other Long Term Liabilities |
62,679 |
108,210 |
127,204 |
|
Total Long Term Debts |
62,679 |
108,210 |
127,204 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
18,417,434 |
33,530,443 |
20,000 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
-2,224,334 |
1,187,862 |
21,218 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
16,193,100 |
34,718,305 |
41,218 |
|
|
|||
|
Working Capital |
16,255,676 |
34,826,366 |
168,422 |
|
Net Worth |
16,193,100 |
34,718,305 |
41,218 |
|
Ratio Analysis |
|||
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
-2.51 |
0.73 |
- |
|
Return On Capital Employed |
-18.74 |
3.32 |
30.08 |
|
Return On Total Assets Employed |
-7.29 |
1.32 |
3.20 |
|
Return On Net Assets Employed |
-18.74 |
3.32 |
30.08 |
|
Sales / Net Working Capital |
7.47 |
4.56 |
- |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
9.37 |
18.12 |
- |
|
Debtor Days |
89.15 |
131.34 |
- |
|
Creditor Days |
29.17 |
80.22 |
- |
|
Short Term Stability |
|||
|
Current Ratio |
1.64 |
1.66 |
1.12 |
|
Liquidity Ratio / Acid Ratio |
1.19 |
1.11 |
1.12 |
|
Current Debt Ratio |
1.58 |
1.53 |
34.30 |
|
Long Term Stability |
|||
|
Gearing |
126 |
136.32 |
0 |
|
Equity In Percentage |
0.39 |
0.40 |
0.03 |
|
Total Debt Ratio |
1.26 |
1.36 |
0 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
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Maturity of Bill (month) |
|
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Name of Drawer |
-- |
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City of |
-- |
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NSSO Details |
|
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Name of Defendant |
-- |
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Legal Form of Defendant |
-- |
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Date of Summons |
|
|
|
-- |
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Directors |
|
|
Company Director |
|
|
Full Name |
RAJIV PANKAJ MEHTA |
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Birth Date |
|
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Position Description |
Chairman of the board |
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Address |
70 BEUKENLAAN ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2020 |
|
Birth Date |
2014-01-01 |
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Company Director |
|
|
Full Name |
MIHIR RAMESHCHANDRA DIWAN |
|
Birth Date |
1971-01-25 |
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Position Description |
Managing director |
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Address |
93 RINGLAAN WILRIJK (ANTW.) |
|
Country |
-- |
|
Postal Code |
2610 |
|
Birth Date |
2014-01-01 |
|
Company Director |
|
|
Full Name |
VISHAL PANKAJ MEHTA |
|
Birth Date |
|
|
Position Description |
Managing director |
|
Address |
87 129 PORT SAEED, VILLA PO |
|
Country |
|
|
Postal Code |
0 |
|
Birth Date |
2014-06-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.65 |
|
|
1 |
Rs.71.93 |
|
Euro |
1 |
Rs.63.24 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.