MIRA INFORM REPORT
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Report Date : |
17.04.2012 |
IDENTIFICATION DETAILS
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Name : |
DIAMANTRA GMBH |
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Registered Office : |
Hirschstr. 29, D 70173 Stuttgart |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
24.04.2006 |
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Com. Reg. No.: |
HRB 721297 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of jewelry and related articles (except imitation
jewelry) |
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No. of Employees
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03 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Germany |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Diamantra GmbH
Hirschstr. 29
D 70173 Stuttgart
Telephone: 0711/6938242
Telefax: 0711/6938244
Homepage: www.diamantra.com
E-mail: de@diamantra.com
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 24.04.2006
Shareholders'
agreement: 24.04.2006
Registered on: 11.10.2006
Commercial Register: Local
court 70190 Stuttgart
under: HRB 721297
Share capital: EUR 25,000.00
Nirav Paresh Mehta
IND Mumbai
born: 05.12.1978
Share: EUR 25,000.00
Nirav Paresh Mehta
IND Mumbai
having sole power of representation
born: 05.12.1978
Nationality: Indian
Manager:
Amit Khemani
IND Mumbai
born: 24.07.1973
Nationality: Indian
24.04.2006 -
21.06.2006 Diamantra GmbH
Südliche
Auffahrtsallee 29
D 80639 München
Private limited
company
11.10.2006 - 11.10.2006 Diamantra GmbH
D 70188 Stuttgart
Private limited
company
Sectors
32120 Manufacture of
jewelry and related articles (except imitation jewelry)
96090 Other service activities
n. e. c.
Payment experience: within
periods customary in this trade
Negative information: We
have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Hirschstr.
29
D 70173 Stuttgart
Land register documents were not available.
DEUTSCHE BANK, STUTTGART
Sort. code: 60070070, BIC: DEUTDESSXXX
Profit: 2010 EUR 25,544.00
Ac/ts receivable: EUR 311,924.00
Liabillities: EUR 1,065,386.00
Employees:
3
The aforementioned business figures may partly be estimated
information based on average values in the line of business.
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 15.34
Liquidity ratio: 0.43
Return on total capital [%]: 2.28
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 21.54
Liquidity ratio: 0.65
Return on total capital [%]: 8.92
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 18.90
Liquidity ratio: 0.25
Return on total capital [%]: -3.15
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 17.37
Liquidity ratio: 0.22
Return on total capital [%]: -0.53
Balance sheet grade: 3.7
Equity ratio
The equity
ratio indicates the portion of the equity as compared to the total capital. The
higher the equity ratio, the better the economic stability (solvency) and thus
the financial autonomy of a company.
Liquidity ratio
The
liquidity ratio shows the proportion between adjusted receivables and net
liabilities. The higher the ratio, the lower the company's financial dependancy from external creditors.
Return on total capital
The return
on total capital shows the efficiency and return on the total capital employed
in the company. The higher the return on total capital, the more economically
does the company work with the invested capital.
Balance
sheet grade
The balance sheet
grade is based on the following ratios: equity ratio, liquidity ratio and
return on total capital from the balance sheets published in the Federal
Gazette.
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 1,125,473.89
Fixed assets
EUR 27,768.00
Tangible assets
EUR 27,768.00
Other / unspecified tangible assets
EUR 27,768.00
Current assets
EUR 1,097,705.89
Stocks
EUR 570,000.00
Accounts receivable
EUR 311,924.43
Other debtors and assets
EUR 311,924.43
Liquid means
EUR 215,781.46
LIABILITIES EUR 1,125,473.89
Shareholders' equity
EUR 52,627.75
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 27,627.75
Profit / loss brought forward
EUR 2,083.84
Annual surplus / annual deficit
EUR 25,543.91
Provisions
EUR 7,460.00
Liabilities
EUR 1,065,386.14
Other liabilities EUR
1,065,386.14
Unspecified other liabilities
EUR 1,065,386.14
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 604,174.04
Fixed assets
EUR 22,734.00
Tangible assets
EUR 22,734.00
Other / unspecified tangible assets
EUR 22,734.00
Current assets
EUR 579,271.19
Stocks
EUR 217,988.18
Accounts receivable
EUR 199,871.77
Other debtors and assets
EUR 199,871.77
Liquid means EUR 161,411.24
Remaining other assets
EUR 2,168.85
Accruals (assets)
EUR 2,168.85
LIABILITIES EUR 604,174.04
Shareholders' equity
EUR 27,083.84
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 2,083.84
Profit / loss brought forward
EUR -51,712.72
Annual surplus / annual deficit
EUR 53,796.56
Provisions
EUR 5,833.85
Liabilities
EUR 571,256.35
Other liabilities
EUR 571,256.35
Unspecified other liabilities EUR 571,256.35
DIAMOND INDUSTRY –
INDIA
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From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
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The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the
untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
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The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
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Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and philanthropy.
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Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
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The diamond jewellery industry in India today
may be more than Rs 60000 mil and is rated amongst
the fastest growing in the world. Indi ranks
third in the world in domestic diamond consumption.
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Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
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Excerpts from Times of India dated 30th October 2010 is as
under –
DIAMOND SAGA –
DIRTY DOZEN STUCK WITH 2K CR DEBT
This could be the biggest credibility crisis
the Indian diamond industry has ever faced. Fifteen banks run the risk of losing
Rs 2000 crore lent to a
dozen diamond firms in Surat. Until about two months
ago, they had not repaid these dues. Bankers believe many diamantaires borrowed money during the economic downturn
two years ago and diverted funds to businesses like real estate and capital
markets. Many of themselves made money from these businesses but their diamond
companies have gone sick and declared insolvency.
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Most of the money borrowed from the banks in the name of their diamond
business has been diverted in real estate and the share market. The banks are
not in a position to seize their properties because in many cases, these were
purchased in the name of their relatives and friends.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.66 |
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UK Pound |
1 |
Rs.81.79 |
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Euro |
1 |
Rs.67.18 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.