MIRA
INFORM REPORT
|
Report Date : |
20.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
DHARM DIAM BVBA |
|
|
|
|
Registered Office : |
30, Hoveniersstraat, Antwerpen 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
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|
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Date of Incorporation : |
03.06.2002 |
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|
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Com. Reg. No.: |
477689960 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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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 : |
Good |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Belgium |
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 Number |
477689960 |
|
Name |
DHARM DIAM BVBA |
|
Address |
30, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
2018 |
|
Telephone Number |
032341445 |
|
Fax Number |
032341445 |
|
Establishment Date |
03-06-2002 |
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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 |
HOVENIERSSTRAAT |
|
House Number |
40 |
|
City |
ANTWERPEN |
|
Postal Code |
2018 |
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Trade Registered Number |
349976 |
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Trade Registered Entry Date |
01-07-2002 |
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Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
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Striking Off Date |
-- |
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Latest Event |
|
|
Serial Number |
89109 |
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Event Description |
Reappointment commissioner |
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Limit |
|
|
Credit Information |
|
|
Credit Limit (€) |
1,000,000 |
|
Purchase Limit (€) |
11,200,000 |
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Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,643 |
Payment Expectations
|
Payment Expectations |
|
|
Payment Expectation Days |
106.76 |
|
Day Sales Outstanding |
63.47 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
Industry Average Day Sales Outstanding |
124.66 |
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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 |
|||
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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 |
74,669,469 |
52,267,507 |
33,253,100 |
|
Total Operating Expenses |
73,847,892 |
52,233,245 |
33,252,054 |
|
Operating Result |
821,577 |
34,262 |
1,046 |
|
Total Financial Income |
3,388 |
323 |
101 |
|
Total Financial Expenses |
466,225 |
184,033 |
53,092 |
|
Results on Ordinary Operations Before Tax |
358,740 |
-149,448 |
-51,945 |
|
Taxation |
10,201 |
737 |
- |
|
Results on Ordinary Operations After Tax |
348,539 |
-150,185 |
-51,945 |
|
Extraordinary Items |
1 |
0 |
0 |
|
Net Result |
348,540 |
-150,185 |
-51,945 |
|
Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
0 |
0 |
0 |
|
- Wages & Salaries |
- |
- |
- |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
- |
- |
- |
|
- Other Employee Costs |
- |
- |
- |
|
Amortization & Depreciation |
11,913 |
12,383 |
7,265 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
251,443 |
266,499 |
282,906 |
|
- Land And Buildings |
234,783 |
250,049 |
262,759 |
|
- Plant And Machinery |
3,227 |
1,671 |
2,443 |
|
- Other Tangible Assets |
13,433 |
14,779 |
17,704 |
|
Financial Fixed Assets |
748 |
0 |
0 |
|
Total Fixed Assets |
252,191 |
266,499 |
282,906 |
|
Inventories |
17,333,989 |
29,073,385 |
24,597,948 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
17,333,989 |
29,073,385 |
24,597,948 |
|
Trade Debtors |
12,983,682 |
9,955,486 |
8,503,086 |
|
Cash |
1,067,208 |
881,411 |
674,334 |
|
- Miscellaneous Current Assets |
-1 |
0 |
0 |
|
Total Current Assets |
31,387,004 |
39,915,628 |
33,778,843 |
|
Current Liabilities |
|||
|
- Trade Creditors |
21,600,206 |
29,583,373 |
30,753,147 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
3,779,791 |
5,217,800 |
59,105 |
|
- Miscellaneous Current Liabilities |
774,759 |
59,225 |
2,947,881 |
|
Total Current Liabilities |
26,154,756 |
34,860,398 |
33,760,133 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
2,166,265 |
2,249,381 |
254,190 |
|
- Other Long Term Liabilities |
1,193 |
0 |
0 |
|
Total Long Term Debts |
2,167,458 |
2,249,381 |
254,190 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
3,087,618 |
3,195,698 |
20,000 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
229,362 |
-123,350 |
27,426 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
3,316,980 |
3,072,348 |
47,426 |
|
|
|||
|
Working Capital |
5,232,248 |
5,055,230 |
18,710 |
|
Net Worth |
3,316,980 |
3,072,348 |
47,426 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
0.48 |
-0.29 |
-0.16 |
|
Return On Capital Employed |
6.54 |
-2.81 |
-17.22 |
|
Return On Total Assets Employed |
1.13 |
-0.37 |
-0.15 |
|
Return On Net Assets Employed |
6.86 |
-2.96 |
-277.63 |
|
Sales / Net Working Capital |
14.27 |
10.34 |
1777.29 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
23.21 |
55.62 |
73.97 |
|
Debtor Days |
63.47 |
69.52 |
93.33 |
|
Creditor Days |
106.76 |
206.73 |
337.57 |
|
Short Term Stability |
|||
|
Current Ratio |
1.20 |
1.15 |
1 |
|
Liquidity Ratio / Acid Ratio |
0.54 |
0.31 |
0.27 |
|
Current Debt Ratio |
7.89 |
11.35 |
711.85 |
|
Long Term Stability |
|||
|
Gearing |
179.26 |
243.04 |
660.60 |
|
Equity In Percentage |
0.10 |
0.08 |
0 |
|
Total Debt Ratio |
1.79 |
2.43 |
6.61 |
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 Drawer |
-- |
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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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Labour Court |
-- |
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Directors |
|
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Company Director |
|
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Full Name |
SANDIP PATEL |
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Birth Date |
|
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Position Description |
Manager |
|
Address |
56 NARAYANMUNINAGAR SURAT |
|
Country |
India |
|
Postal Code |
0 |
|
Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.79 |
|
UK Pound |
1 |
Rs.75.06 |
|
Euro |
1 |
Rs.65.35 |
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.