MIRA INFORM
REPORT
|
Report Date : |
22.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
CHINTAMANI BVBA |
|
|
|
|
Registered Office : |
9, Schupstraat, Antwerpen |
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Country : |
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|
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
01.04.2005 |
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|
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Com. Reg. No.: |
873540329 |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
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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 |
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|
|
|
Payment
Behaviour : |
No Complaints |
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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 |
873540329 |
|
Name |
CHINTAMANI BVBA |
|
Address |
9, SCHUPSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
034406883 |
|
Fax Number |
032334474 |
|
Establishment Date |
01-04-2005 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Number of Employees |
2 |
|
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 |
-- |
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Contractor Details |
|
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Registration Number |
-- |
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Contractor Description |
-- |
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Striking Off Date |
-- |
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Latest Event |
|
|
Serial Number |
121032 |
|
Event Description |
Redistribution of shares |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
118,020 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
31.17 |
|
Day Sales Outstanding |
115.84 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
Industry Average Day Sales Outstanding |
124.04 |
|
Industry Average Payment Expectation Days |
133.38 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
41.13 |
|
Payment Expectations - Median |
86.73 |
|
Payment Expectations - Upper |
161.36 |
|
|
|
|
Day Sales Outstanding - Lower |
30.50 |
|
Day Sales Outstanding - Median |
73.59 |
|
Day Sales Outstanding - Upper |
156.45 |
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Company Shareholder Holding |
|
|
Shareholder Detail |
|
|
Company Number |
3757264 |
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Company Name |
CHINTAMANI DMCC |
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Address |
|
|
Postal Code |
0 |
|
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 |
47,113,182 |
47,812,066 |
39,960,904 |
|
Total Operating Expenses |
46,654,087 |
47,335,205 |
39,488,802 |
|
Operating Result |
459,095 |
476,861 |
472,102 |
|
Total Financial Income |
4 |
1,700 |
55,220 |
|
Total Financial Expenses |
387,946 |
412,723 |
435,340 |
|
Results on Ordinary Operations Before Tax |
71,153 |
65,838 |
91,982 |
|
Taxation |
25,758 |
27,906 |
34,579 |
|
Results on Ordinary Operations After Tax |
45,395 |
37,932 |
57,403 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
45,395 |
37,933 |
57,403 |
|
Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
62,956 |
59,142 |
49,651 |
|
- Wages & Salaries |
51,576 |
48,517 |
40,814 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
10,961 |
9,992 |
8,268 |
|
- Other Employee Costs |
419 |
633 |
569 |
|
Amortization & Depreciation |
30,999 |
28,293 |
25,437 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
77,260 |
103,359 |
102,887 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
19,874 |
22,070 |
14,311 |
|
- Other Tangible Assets |
57,386 |
81,289 |
88,576 |
|
Financial Fixed Assets |
2,086 |
2,086 |
2,086 |
|
Total Fixed Assets |
79,346 |
105,445 |
104,973 |
|
Inventories |
485,348 |
645,787 |
1,850,338 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
485,348 |
645,787 |
1,850,338 |
|
Trade Debtors |
14,952,790 |
14,624,999 |
12,286,080 |
|
Cash |
249,982 |
51,317 |
25,927 |
|
- Miscellaneous Current Assets |
5,808 |
4,585 |
2,126 |
|
Total Current Assets |
15,943,155 |
15,355,345 |
14,182,620 |
|
Current Liabilities |
|||
|
- Trade Creditors |
3,983,779 |
3,624,713 |
4,759,582 |
|
- Short Term Group Loans |
5,879,461 |
7,041,748 |
0 |
|
- Other Short Term Loans |
5,640,662 |
4,590,701 |
2,632,098 |
|
- Miscellaneous Current Liabilities |
-5,865,042 |
-6,307,764 |
704,471 |
|
Total Current Liabilities |
9,638,860 |
8,949,398 |
8,096,151 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
4,667,500 |
6,323,202 |
0 |
|
- Other Long Term Loans |
4,678,569 |
6,352,420 |
6,024,225 |
|
- Other Long Term Liabilities |
-4,660,680 |
-6,317,087 |
52,292 |
|
Total Long Term Debts |
4,685,389 |
6,358,535 |
6,076,517 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
1,518,600 |
18,600 |
18,600 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
179,653 |
134,258 |
96,325 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
1,698,253 |
152,858 |
114,925 |
|
|
|||
|
Working Capital |
6,304,295 |
6,405,947 |
6,086,469 |
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Net Worth |
1,698,253 |
152,858 |
114,925 |
|
Ratio Analysis |
|||
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
0.15 |
0.14 |
0.23 |
|
Return On Capital Employed |
1.11 |
1.01 |
1.49 |
|
Return On Total Assets Employed |
0.44 |
0.43 |
0.64 |
|
Return On Net Assets Employed |
1.13 |
1.03 |
1.51 |
|
Sales / Net Working Capital |
7.47 |
7.46 |
6.57 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
1.03 |
1.35 |
4.63 |
|
Debtor Days |
115.84 |
111.65 |
112.22 |
|
Creditor Days |
31.17 |
27.95 |
43.99 |
|
Short Term Stability |
|||
|
Current Ratio |
1.65 |
1.72 |
1.75 |
|
Liquidity Ratio / Acid Ratio |
1.60 |
1.64 |
1.52 |
|
Current Debt Ratio |
5.68 |
58.55 |
70.45 |
|
Long Term Stability |
|||
|
Gearing |
1228.69 |
15902.39 |
7532.15 |
|
Equity In Percentage |
0.11 |
0.01 |
0.01 |
|
Total Debt Ratio |
12.29 |
159.02 |
75.32 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
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Drawee Address |
-- |
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Bill Amount |
|
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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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|
-- |
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Directors |
|
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Company Director |
|
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Full Name |
CHINTAMANI DMCC |
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Birth Date |
|
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Position Description |
Manager |
|
Address |
0 |
|
Country |
United Arabic Emirates |
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Postal Code |
0 |
|
Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
|
|
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
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.