MIRA INFORM REPORT
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Report Date : |
13.01.2012 |
IDENTIFICATION DETAILS
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Name : |
DIAMANT IMPEX |
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Registered Office : |
Schupstraat 1 B.7, Antwerpen, 2018 |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1982 |
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Com. Reg. No.: |
422478253 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of other intermediate products |
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No. of Employees
: |
3 |
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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Belgium |
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 |
Company name & address
Diamant Impex
Schupstraat 1 B.7
Antwerpen, 2018
Belgium
Tel: 03 233 86 46
Fax: 03 232 24 03
Synthesis
Employees: 3
Company Type: Private Subsidiary
Corporate Family: 5
Companies
Ultimate Parent: Beer Management
Incorporation Date: 1982
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 230.0
1
Total Assets: 31.6
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 |
|
Shah Rohan |
Partner |
|
Manish Shah Sahil |
Partner |
|
Ann Maria Oscarine Van Vlaenderen |
Representative/Auditor |
Registered No.(VAT): 422478253
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
Schupstraat 1 B.7
Antwerpen, 2018
Belgium
Tel: 03 233 86 46
Fax: 03 232 24 03
Sales EUR(mil): 173.6
Assets EUR(mil): 23.6
Employees: 3
Fiscal Year End: 31-Dec-2010
Industry: Retail
(Department and Discount)
Incorporation Date: 1982
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(VAT): 422478253
Contents
· Industry Codes
· Business Description
· Financial Data
Industry Codes
ANZSIC 2006 Codes:
3739 - Other Goods Wholesaling Not Elsewhere Classified
373 - Furniture, Floor Covering and Other Goods Wholesaling
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:
5099 - Durable Goods, Not Elsewhere Classified
509 - Miscellaneous Durable Goods
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
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Corporate
Family |
Corporate Structure
News: |
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Total Corporate Family Members: 5 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Beer Management |
Parent |
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Subsidiary |
Kruishoutem |
Belgium |
Trucking |
1.3 |
11 |
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Subsidiary |
Bruxelles |
Belgium |
Miscellaneous Capital Goods |
20.3 |
8 |
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Subsidiary |
Sint-Niklaas |
Belgium |
Miscellaneous Capital Goods |
1.6 |
7 |
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Subsidiary |
Antwerpen |
Belgium |
Retail (Department and Discount) |
230.0 |
3 |
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Executive report
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Annual Profit & Loss
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
|
Turnover |
230.0 |
230.9 |
258.6 |
|
Other Operating Income |
0.0 |
0.0 |
0.0 |
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Operating Income |
230.0 |
230.9 |
258.6 |
|
Purchases |
223.2 |
222.2 |
259.9 |
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Increase
or Decrease in Stocks |
3.5 |
5.0 |
-6.2 |
|
Raw Materials,
Consumables, and Goods for Release |
226.7 |
227.2 |
253.7 |
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Services and
Sundry Goods |
0.7 |
0.6 |
0.6 |
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Remuneration,
Social Security Charges, and Pensions |
0.1 |
0.1 |
0.1 |
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Depreciation of
and Other Amounts Written Off of Formation Expense, Intangible and Tangible
Fixed Assets |
0.1 |
0.1 |
0.1 |
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Other Operating
Charges |
0.0 |
0.0 |
0.0 |
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Operating
Charges |
227.5 |
228.1 |
254.4 |
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Income From
Current Assets |
0.0 |
0.0 |
0.0 |
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Other Financial
Income |
10.0 |
10.0 |
20.4 |
|
Financial Income |
10.0 |
10.0 |
20.4 |
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Interest and Other
Debt Charges |
1.0 |
1.1 |
1.5 |
|
Other Financial
Charges |
11.0 |
11.2 |
22.6 |
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Financial
Charges |
11.9 |
12.3 |
24.1 |
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Other
Extraordinary Charges |
- |
- |
0.0 |
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Extraordinary
Charges |
- |
- |
0.0 |
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Income Taxes |
0.1 |
0.1 |
0.1 |
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Adjustment of
Income Taxes and Write-Back of Tax Provisions |
- |
0.0 |
- |
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Income Taxes |
0.1 |
0.1 |
0.1 |
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To
the Legal Reserve |
- |
- |
0.2 |
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To
Other Reserves |
0.2 |
0.2 |
0.0 |
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Transfers to
Capital and Reserves |
0.2 |
0.2 |
0.2 |
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Administrators
or Managers |
0.3 |
0.2 |
0.2 |
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Profit to be
Distributed |
0.3 |
0.2 |
0.2 |
|
Employees |
3 |
2 |
2 |
Annual Balance
Sheet
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Land
& Buildings |
0.4 |
0.5 |
0.5 |
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Plant,
Machinery, and Equipment |
0.1 |
0.1 |
0.1 |
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Furniture
and Vehicles |
0.0 |
0.0 |
0.1 |
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Tangible
Assets |
0.5 |
0.6 |
0.6 |
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Amounts
Receivable and Cash Guarantees |
0.0 |
0.0 |
0.0 |
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Other
Capital Assets |
0.0 |
0.0 |
0.0 |
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Capital
Assets |
0.0 |
0.0 |
0.0 |
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Fixed Assets |
0.5 |
0.6 |
0.7 |
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Goods
Purchased for Resale |
3.8 |
7.9 |
12.7 |
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Stocks |
3.8 |
7.9 |
12.7 |
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Inventory
and Orders in Progress |
3.8 |
7.9 |
12.7 |
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Trade
Debtors |
21.4 |
38.4 |
36.1 |
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Other
Amounts Receivable |
0.9 |
0.4 |
0.4 |
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Amounts
Receivable Within One Year |
22.3 |
38.7 |
36.5 |
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Liquid
Assets |
5.0 |
0.5 |
0.0 |
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Adjustment
Accounts |
0.0 |
0.0 |
0.0 |
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Current Assets |
31.1 |
47.1 |
49.2 |
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Total Assets |
31.6 |
47.7 |
49.8 |
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Issued
Capital |
3.4 |
3.6 |
3.5 |
|
Capital |
3.4 |
3.6 |
3.5 |
|
Legal
Reserve |
0.3 |
0.4 |
0.3 |
|
Reserves
Available for Distribution |
0.8 |
0.6 |
0.3 |
|
Reserves |
1.1 |
0.9 |
0.7 |
|
Capital and
Reserves |
4.5 |
4.5 |
4.1 |
|
Credit
Institutions |
0.6 |
1.4 |
1.6 |
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Other
Loans |
- |
- |
0.7 |
|
Financial
Debts |
0.6 |
1.4 |
2.3 |
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Other
Amounts Payable |
12.6 |
10.9 |
10.2 |
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Amounts
Due After More Than One Year |
13.2 |
12.3 |
12.5 |
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Current
Portion of Amounts Payable After More Than One Year |
10.7 |
0.2 |
0.2 |
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Credit
Institutions |
0.0 |
16.1 |
19.2 |
|
Financial
Debts |
0.0 |
16.1 |
19.2 |
|
Suppliers |
2.3 |
14.0 |
13.5 |
|
Trade
Debts |
2.3 |
14.0 |
13.5 |
|
Taxes |
0.1 |
0.1 |
0.1 |
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Remuneration
and Social Security |
0.0 |
0.0 |
0.0 |
|
Taxes,
Wages, and Social Security |
0.1 |
0.1 |
0.1 |
|
Other
Amounts Payable |
0.3 |
0.2 |
0.2 |
|
Amounts
Payable Within One Year |
13.4 |
30.6 |
33.2 |
|
Adjustment
Accounts |
0.6 |
0.3 |
0.0 |
|
Creditors |
27.2 |
43.2 |
45.7 |
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Total
Liabilities + Shareholders' Equity |
31.6 |
47.7 |
49.8 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.83 |
|
UK Pound |
1 |
Rs.79.42 |
|
Euro |
1 |
Rs.65.90 |
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 |
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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.