MIRA INFORM REPORT

 

 

Report Date :

18.08.2012

 

IDENTIFICATION DETAILS

 

Name :

DIAMPEX

 

 

Registered Office :

Hoveniersstraat 53 B.99, Antwerpen, 2018

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2011

 

 

Year of Establishment :

1983

 

 

Com. Reg. No.:

42345458

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Wholesale of other intermediate products

 

 

No. of Employees :

1

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small company

Payment Behaviour :

Slow

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Belgium

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COMPANY NAME & ADDRESS

 

DIAMPEX

Hoveniersstraat 53 B.99

Antwerpen, 2018

Belgium

Tel:02 232 60 25

Fax:03 226 50 55

 

 

Registration data  

 

Employees:                   1

Company Type:             Private Independent

Incorporation Date:         1983

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2011

Reporting Currency:       Euro

Annual Sales:                81.7 1

Total Assets:                 21.2

 

Business Description

 

Wholesale of other intermediate products

 

 

Industry

 

 

 

Industry

Retail (Department and Discount)

ANZSIC 2006:

373 - Furniture, Floor Covering and Other Goods Wholesaling

NACE 2002:

5156 - Wholesale of other intermediate products

NAICS 2002:

4239 - Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:

5156 - Wholesale of other intermediate products

US SIC 1987:

509 - Miscellaneous Durable Goods

 

 

 

 

 

 

 

 

 

Key Executives

 

 

 

 

 

Name

Title

Sangita Babulal Bhandari

Managing Director

Miten Jitendrakumar Shah

Administrator, Managing Director

Mamrata Shah

Administrator

Frans Van Vlaenderen

Representative/Auditor

 

 

Registered No.(VAT): 423454587

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327

 

 

CORPORATE OVERVIEW

Location
Hoveniersstraat 53 B.99
Antwerpen, 2018
Belgium

Tel:02 232 60 25

Fax:03 226 50 55

 

 

Sales EUR(mil):             58.7

Assets EUR(mil):           16.3

Employees:                   1

Fiscal Year End:            31-Dec-2011

Industry:Retail               (Department and Discount)

Incorporation Date:         1983

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(VAT):     7

 

Administrator, Managing Director: Miten Jitendrakumar Shah

 

Industry Codes

 

 

 

ANZSIC 2006 Codes:

373

-

Furniture, Floor Covering and Other Goods Wholesaling

3739

-

Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5156

-

Wholesale of other intermediate products

5147

-

Wholesale of other household goods

 

NAICS 2002 Codes:

4239

-

Miscellaneous Durable Goods Merchant Wholesalers

423990

-

Other Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

509

-

Miscellaneous Durable Goods

5099

-

Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

51479

-

Wholesale of other household goods not elsewhere classified

5156

-

Wholesale of other intermediate products

 

 

Business Description

 

Wholesale of other intermediate products

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

58.7

Assets:

16.3

Current Assets:

16.1

 

Fixed Assets:

0.2

 

Total Liabilities:

16.3

 

Issued Capital:

1.1

 

Net Worth:

1.1

 

 

 

Date of Financial Data:

31-Dec-2011

 

1 Year Growth

NA

NA

 

Executives Report

 

 

Executives

 

 

Name

Title

Function

Sangita Babulal Bhandari

 

Managing Director

Managing Director

Miten Jitendrakumar Shah

 

Administrator, Managing Director

Managing Director

Age: 34

 

Mamrata Shah

 

Administrator

Administration Executive

 

Frans Van Vlaenderen

 

Representative/Auditor

Accounting Executive

 

 

 

 

 

 

 

 

Annual Profit & Loss

 

 

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

 

Period Length

52 Weeks

52 Weeks

52 Weeks

 

Filed Currency

EUR

EUR

EUR

 

Exchange Rate (Period Average)

0.71919

0.755078

0.719047

 

Consolidated

No

No

No

 

 

 

 

 

 

Turnover

81.7

57.3

28.8

 

Other Operating Income

0.0

0.0

-

 

Operating Income

81.7

57.3

28.8

 

Purchases

80.8

61.7

29.5

 

Increase or Decrease in Stocks

-1.1

-4.8

-1.9

 

Raw Materials, Consumables, and Goods for Release

79.7

56.9

27.6

 

Services and Sundry Goods

0.2

0.3

0.2

 

Remuneration, Social Security Charges, and Pensions

0.0

0.0

0.0

 

Depreciation of and Other Amounts Written Off of Formation Expense, Intangible and Tangible Fixed Assets

0.0

0.0

0.0

 

Increase or Decrease in Amounts Written Off Stocks, Orders, and Trade Debtors

0.0

0.0

0.0

 

Other Operating Charges

0.1

0.1

0.0

 

Operating Charges

80.1

57.3

27.9

 

Other Financial Income

0.0

2.3

0.0

 

Financial Income

0.0

2.3

0.0

 

Interest and Other Debt Charges

0.6

0.2

0.8

 

Other Financial Charges

0.9

2.1

0.1

 

Financial Charges

1.6

2.3

0.9

 

Gain on Disposal of Fixed Assets

-

0.0

-

 

Other Extraordinary Income

0.0

0.0

-

 

Extraordinary Income

0.0

0.1

-

 

Income Taxes

-

-

0.0

 

Income Taxes

-

-

0.0

 

To Other Reserves

0.1

0.1

0.0

 

Transfers to Capital and Reserves

0.1

0.1

0.0

 

Employees

1

1

1

 

 

 

 

 

 

 

 Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.770327

0.745406

0.696986

Consolidated

No

No

No

 

 

 

 

Land & Buildings

0.3

0.3

0.3

Plant, Machinery, and Equipment

0.0

0.0

0.0

Furniture and Vehicles

0.0

0.0

0.0

Leasing and Other Similar Rights

-

-

0.1

Tangible Assets

0.3

0.3

0.4

Amounts Receivable and Cash Guarantees

0.0

0.0

0.0

Other Capital Assets

0.0

0.0

0.0

Capital Assets

0.0

0.0

0.0

Fixed Assets

0.3

0.3

0.4

Goods Purchased for Resale

10.5

9.8

5.2

Stocks

10.5

9.8

5.2

Inventory and Orders in Progress

10.5

9.8

5.2

Trade Debtors

10.4

14.6

9.3

Other Amounts Receivable

0.0

0.1

0.0

Amounts Receivable Within One Year

10.4

14.7

9.3

Liquid Assets

0.1

0.1

1.5

Adjustment Accounts

0.0

0.0

0.0

Current Assets

21.0

24.6

16.0

Total Assets

21.2

24.9

16.5

Issued Capital

1.4

1.5

1.6

Capital

1.4

1.5

1.6

Legal Reserve

0.1

0.1

0.2

Other

5.1

5.2

5.6

Reserves Not Available for Distribution

5.1

5.2

5.6

Reserves Available for Distribution

0.6

0.6

0.5

Reserves

5.8

5.9

6.2

Capital and Reserves

7.2

7.4

7.8

Credit Institutions

-

0.0

0.0

Financial Debts

-

0.0

0.0

Other Amounts Payable

0.5

0.0

-

Amounts Due After More Than One Year

0.5

0.0

0.0

Current Portion of Amounts Payable After More Than One Year

0.0

0.0

0.0

Credit Institutions

10.3

12.3

4.8

Financial Debts

10.3

12.3

4.8

Suppliers

3.0

4.9

3.5

Trade Debts

3.0

4.9

3.5

Taxes

0.0

0.0

0.0

Remuneration and Social Security

0.0

0.0

0.0

Taxes, Wages, and Social Security

0.0

0.0

0.0

Other Amounts Payable

-

0.1

0.2

Amounts Payable Within One Year

13.3

17.4

8.6

Adjustment Accounts

0.1

0.0

0.0

Creditors

14.0

17.5

8.7

Total Liabilities + Shareholders' Equity

21.2

24.9

16.5

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.54

Euro

1

Rs.68.85

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.