MIRA INFORM REPORT
|
Report Date : |
19.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
SPECTRA DIAM BVBA |
|
|
|
|
Registered Office : |
50, Belgielei, Antwerpen, 2018 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
11.03.1992 |
|
|
|
|
Com. Reg. No.: |
446829213 |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business : |
Wholesale of Diamonds and Other Precious Stones. |
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 |
|
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 |
446829213 |
|
Name |
SPECTRA DIAM BVBA |
|
Address |
50, BELGIELEI, ANTWERPEN |
|
Post Code |
2018 |
|
Telephone Number |
032329951 |
|
Fax Number |
032251142 |
|
Establishment Date |
11-03-1992 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Number of Employees |
0 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
BELGIELEI |
|
House Number |
66 |
|
City |
ANTWERPEN |
|
Postal Code |
2018 |
|
Trade Registered Number |
288819 |
|
Trade Registered Entry Date |
01-04-1992 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
102373 |
|
Event Description |
Transfer of registered office |
Limit
|
|
|
Credit Limit (€) |
17,500 |
|
Purchase Limit (€) |
380,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,573 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
67.68 |
|
Day Sales Outstanding |
36.15 |
|
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 |
|
|
|
|
Day Sales Outstanding - Lower |
31.52 |
|
Day Sales Outstanding - Median |
75.21 |
|
Day Sales Outstanding - Upper |
158.58 |
|
Company Shareholder Holding |
|
Company
Accounts
|
|||
|
Period |
|||
|
Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
2,526,105 |
3,166,361 |
1,129,671 |
|
Total Operating Expenses |
2,515,704 |
3,157,195 |
1,120,084 |
|
Operating Result |
10,401 |
9,166 |
9,587 |
|
Total Financial Income |
1 |
- |
- |
|
Total Financial Expenses |
5,170 |
6,306 |
4,300 |
|
Results on Ordinary Operations Before Tax |
5,231 |
2,860 |
5,287 |
|
Taxation |
863 |
200 |
950 |
|
Results on Ordinary Operations After Tax |
4,368 |
2,660 |
4,337 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
4,368 |
2,660 |
4,337 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
0 |
0 |
0 |
|
- Wages & Salaries |
- |
- |
- |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
- |
- |
- |
|
- Other Employee Costs |
- |
- |
- |
|
Amortization & Depreciation |
114 |
2,580 |
2,580 |
Balance
Sheet
|
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
0 |
114 |
2,694 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
0 |
0 |
0 |
|
- Other Tangible Assets |
0 |
114 |
2,694 |
|
Financial Fixed Assets |
2,496 |
2,496 |
2,496 |
|
Total Fixed Assets |
2,496 |
2,610 |
5,190 |
|
Inventories |
566,958 |
543,487 |
447,382 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
566,958 |
543,487 |
447,382 |
|
Trade Debtors |
250,207 |
530,307 |
333,033 |
|
Cash |
4,749 |
17,522 |
8,499 |
|
- Miscellaneous Current Assets |
1,059 |
1,111 |
4,546 |
|
Total Current Assets |
824,881 |
1,092,803 |
795,255 |
|
Current Liabilities |
|||
|
- Trade Creditors |
466,476 |
749,267 |
463,395 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
1,000 |
983 |
3,052 |
|
- Miscellaneous Current Liabilities |
294,098 |
283,729 |
275,223 |
|
Total Current Liabilities |
761,574 |
1,033,979 |
741,670 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
0 |
0 |
0 |
|
- Other Long Term Liabilities |
0 |
0 |
0 |
|
Total Long Term Debts |
0 |
0 |
0 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
18,592 |
18,592 |
18,592 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
47,211 |
42,843 |
40,183 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
65,803 |
61,435 |
58,775 |
|
|
|||
|
Working Capital |
63,307 |
58,824 |
53,585 |
|
Net Worth |
65,803 |
61,435 |
58,775 |
Ratio
Analysis
|
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
0.21 |
0.09 |
0.47 |
|
Return On Capital Employed |
7.95 |
4.66 |
9 |
|
Return On Total Assets Employed |
0.63 |
0.26 |
0.66 |
|
Return On Net Assets Employed |
8.26 |
4.86 |
9.87 |
|
Sales / Net Working Capital |
39.90 |
53.83 |
21.08 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
22.44 |
17.16 |
39.60 |
|
Debtor Days |
36.15 |
61.13 |
107.60 |
|
Creditor Days |
67.68 |
86.62 |
151.01 |
|
Short Term Stability |
|||
|
Current Ratio |
1.08 |
1.06 |
1.07 |
|
Liquidity Ratio / Acid Ratio |
0.34 |
0.53 |
0.47 |
|
Current Debt Ratio |
11.57 |
16.83 |
12.62 |
|
Long Term Stability |
|||
|
Gearing |
1.52 |
1.60 |
5.19 |
|
Equity In Percentage |
0.08 |
0.06 |
0.07 |
|
Total Debt Ratio |
0.02 |
0.02 |
0.05 |
Company
Court Data
|
|
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of |
-- |
|
NSSO Details |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
|
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
BHARATKUMAR MEHTA KUNAL |
|
Birth Date |
|
|
Position Description |
Manager |
|
Address |
42 SONGARSHI ROAD MUMBAI |
|
Country |
|
|
Postal Code |
0 |
|
Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.27 |
|
|
1 |
Rs.72.08 |
|
Euro |
1 |
Rs.63.66 |
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 |
|
-- |
NB |
New Business |
-- |
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.