MIRA
INFORM REPORT
|
Report Date : |
21.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
DIAROUGH SOURCING SA |
|
|
|
|
Registered Office : |
12f, Rue
Guillaume Kroll 1882 |
|
|
|
|
Country : |
Luxembourg |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
18.11.2004 |
|
|
|
|
Com. Reg. No.: |
B 104.283 |
|
|
|
|
Legal Form : |
Limited Company by Shares |
|
|
|
|
Line of Business : |
Wholesale of household goods |
|
|
|
|
No. of Employees : |
Not Available |
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 |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Luxembourg |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LUXEMBOURG - ECONOMIC OVERVIEW
This small, stable, high-income economy - benefiting from
its proximity to France, Belgium, and Germany - has historically featured solid
growth, low inflation, and low unemployment. The industrial sector, initially
dominated by steel, has become increasingly diversified to include chemicals,
rubber, and other products. Growth in the financial sector, which now accounts
for about 27% of GDP, has more than compensated for the decline in steel. Most
banks are foreign-owned and have extensive foreign dealings, but Luxembourg has
lost some of its advantages as a favorable tax location because of OECD and EU
pressure. The economy depends on foreign and cross-border workers for about 40%
of its labor force. Luxembourg, like all EU members, suffered from the global
economic crisis that began in late 2008, but unemployment has trended below the
EU average. Following strong expansion from 2004 to 2007, Luxembourg's economy
contracted 3.6% in 2009, but rebounded in 2010-11 before slowing again in 2012.
The country continues to enjoy an extraordinarily high standard of living - GDP
per capita ranks among the highest in the world, and is the highest in the euro
zone. Turmoil in the world financial markets and lower global demand during
2008-09 prompted the government to inject capital into the banking sector and
implement stimulus measures to boost the economy. Government stimulus measures
and support for the banking sector, however, led to a 5% government budget
deficit in 2009. Nevertheless, the deficit was cut to 1.1% in 2011 and 0.9% in
2012. Even during the financial crisis and recovery, Luxembourg retained the
highest current account surplus as a share of GDP in the euro zone, owing
largely to their strength in financial services. Public debt remains among the
lowest of the region although it has more than doubled since 2007 as percentage
of GDP. Luxembourg's economy, while stabile, grew slowly in 2012 due to ongoing
weak growth in the euro area. Authorities have strengthened supervision of
domestic banks because of their exposure to the activities of foreign banks.
Source
: CIA
Summary
Company
name DIAROUGH SOURCING SA
Operative
address 12F, RUE GUILLAUME KROLL
1882 LUXEMBOURG Luxembourg
Legal form Limited company by shares
Registration
number Trade register number: B 104.283
(Luxembourg)
Trade register number: B 104.283
(Luxembourg)
|
Year |
2011 |
|
Mutation |
2010 |
|
Mutation |
2009 |
|
Fixed assets |
43.664.813 |
|
10,55 |
39.497.871 |
|
-6,19 |
42.103.221 |
|
Total equity |
319.317 |
|
54,31 |
206.933 |
|
133,38 |
88.666 |
|
Short term
liabilities |
69.016.595 |
|
35,81 |
50.818.252 |
|
0,47 |
50.582.690 |
|
|
|||||||
|
Net result |
|
|
|
|
|
-100,00 |
16.473 |
|
|
|||||||
|
Working capital |
-4.130.301 |
|
-170,85 |
-1.524.961 |
|
-119,11 |
7.979.557 |
|
Quick ratio |
0,94 |
|
-3,09 |
0,97 |
|
-16,38 |
1,16 |
Company information
Company
name DIAROUGH SOURCING SA
Operative
address 12F, RUE GUILLAUME KROLL 1882
LUXEMBOURG
Correspondence address 12F, RUE GUILLAUME KROLL 1882 LUXEMBOURG
Luxembourg
Registration
Registration number Trade register number: B 104.283 (Luxembourg)
Trade register number: B 104.283 (Luxembourg)
Status Active
Establishment date 2004-11-18
Legal form Limited company by shares
Subscribed share capital EUR 77.179
Activities
NACE Wholesale of household goods (4649)
Relations
Shareholders ULTIMATE GLOBAL SHAREHOLDER
Name: EGON DIAMOND SARL
National id number: B 55.785 (Luxembourg)
Address: 20, Rue Eugene Ruppert Zipcode: 2453
City: LUXEMBOURG
Country: LU Type: Industrial company
Share direct: 99.00%
TOTAL assets: 45.04 mil. EUR
Shareholders funds: -9.0108 mil. EUR
SHAREHOLDERS
Name: EGON DIAMOND SARL
National id number: B 55.785 (Luxembourg)
Address: 20, Rue Eugene Ruppert Zipcode: 2453
City: LUXEMBOURG Country: LU Type: Industrial company
Share direct: 99.00%
TOTAL assets: 45.04 mil. EUR
Shareholders funds: -9.0108 mil. EUR
Number of employees: 0
Name: EGON FINANCE SA
National id number: B 55.468 (Luxembourg)
Address: 412F, Rte d'Esch Zipcode: 1471
City: LUXEMBOURG
Country: LU Phone: +352 26270421 FAX: +352 26270637
Type: Financial company Share direct: 1.00% Turnover: 5 mil. EUR
TOTAL assets: 25.71 mil. EUR Shareholders funds: 6.9155 mil. EUR
Number of employees: 0
Management
Management Fullname: Mr. Nishit Mahendra Kuma Parikh
Type: Individual Gender: Male
date of birth: 1965/04/22 Age: 48
Country of nationality: Belgium
Address: 2020, Antwerpen, 2020, Antwerpen, Belgium
Country: Belgium
Number of involvements: 7
Function: Administrative Board (AG)
Level of responsibility: Member
Fullname: Mr. Saurin Parikh
Type: Individual Gender: Male
date of birth: 1970/06/18 Age: 42
Country of nationality: Belgium
Address: 340560, Dubai, 340560, Dubai, United Arab Emirates
Country: United Arab Emirates
Number of involvements: 3
Function: Administrative Board (AG)
Level of responsibility: Member
Fullname: Mr. Jeffrey A. Sacks
Type: Individual Gender: Male
date of birth: 1954/08/20 Age: 58
Country of nationality: United States
Address: 60091, W ilmette, IL, 60091, W ilmette, IL, United States Country: United States
Number of involvements: 7 Function: Administrative Board (AG)
Level of responsibility: Member
Fullname: RSM Audit Luxembourg Sarl
Type: Company Address: Rue Adolphe 6-5, 1116, Luxembourg, Luxembourg Country: Luxembourg
Number of involvements: 12 Function: Member, Supervisory Board (AG)
Level of responsibility: Member
Financial analysis
Trend Fluctuating
Profitability Positive
Solvability Limited
Liquidity Negative
Show amount in Euro
KEY FIGURES
|
Year |
2011 2010 2009 |
|
Quick ratio |
0,94 0,97 1,16 |
|
Current ratio |
0,94 0,97 1,16 |
|
Working capital/
balance total |
-0,04 -0,02 0,08 |
|
Equity / balance
total |
-0,04 -0,02 0,08 |
|
Equity / Fixed
assets |
0,01
0,01 |
|
Solvability |
1,00 1,00 1,00 |
|
Working capital |
-4.130.301 -1.524.961 7.979.557 |
|
Equity |
319.317 206.933 88.666 |
|
Mutation equity |
54,31
133,38 |
|
Mutation short
term liabilities |
35,81 0,47 |
|
Return on total assets (ROA) |
0 02 |
|
Return on equity
(ROE) |
26,04 |
|
Gross profit
margin |
17, 04 |
|
Net profit margin |
1,12 |
|
Average
collection ratio |
0,03 |
|
Equity turnover
ratio |
16, 62 |
|
Total assets
turnover ratio |
0,01 |
|
Fixed assets
turnover ratio |
0,03 |
|
Inventory
conversion ratio |
47,11 |
|
Turnover |
1.473.457 |
|
Operating result |
251.120 |
|
Net res ult after
taxes |
16.473 |
|
Summary |
The 2011
financial result structure is a negative working captial of -4.130.301 euro, which is
in agreement with -4 % of the total assets of the company. The
working capital has diminished with -170.85 % compared to previous year. The ratio,
with respect to the total assets of the company has however, declined. The
deterioration between 2010 and 2011 has mainly been caused by an increase of the
current liabilities. The
current ratio of the company in 2011 was 0.94. When the current ratio is
below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2011 of the company was 0.94. Acompany with a Quick Ratio of
less than 1 cannot currently pay back its current liabilities. The 2010
financial result structure is a negative working captial of -1.524.961 euro, which is
in agreement with -2 % of the total assets of the company. The
working capital has diminished with -119.11 % compared to previous year. The ratio,
with respect to the total assets of the company has however, declined. The
deterioration between 2009 and 2010 has mainly been caused by an increase of the
current liabilities. The
current ratio of the company in 2010 was 0.97. When the current ratio is
below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2010 of the company was 0.97. Acompany with a Quick Ratio of
less than 1 cannot currently pay back its current liabilities. |
Financial statement
Last annual account 2011
Remark annual account The company is obliged to file its financial statements.
Type of annual account Corporate
Annual account DIAROUGH SOURCING SA
12F, RUE GUILLAUME KROLL 1882 LUXEMBOURG Luxembourg
|
BALANCE |
|||
|
|
|||
|
Year |
2011 |
2010 |
2009 |
|
Other
fixed assets |
43.664.813 |
39.497.871 |
42.103.221 |
|
Fixed
assets |
43.664.813 |
39.497.871 |
42.103.221 |
|
Inventories |
|
|
31.276 |
|
Liquid
funds |
1.775.961 |
6.653.786 |
4.877.790 |
|
Other
current assets |
63.110.333 |
42.639.505 |
53.653.181 |
|
Current
assets |
64.886.294 |
49.293.291 |
58.562.247 |
|
Total
assets |
108.551.107 |
88.791.162 |
100.665.468 |
|
Total
equity |
319.317 |
206.933 |
88.666 |
|
Provisions |
111.141 |
71.581 |
24.817 |
|
Long
term liabilities |
39.104.054 |
37.694.396 |
49.969.295 |
|
Accounts
payable |
58.626.802 |
41.413.993 |
40.217.624 |
|
Liabilities
towards credit institutes |
|
|
1.152 |
|
Other
short term liabilities |
10.389.793 |
9.404.259 |
10.363.914 |
|
Short
term liabilities |
69.016.595 |
50.818.252 |
50.582.690 |
|
Total
liabilities |
108.551.107 |
88.791.162 |
100.665.468 |
Summary The total assets of the company increased with 22.25 % between 2010 and 2011. The fixed asset growth of 10.55 % is lower than the total asset growth. In 2011 the assets of the company were 10855110700 % composed of fixed assets and -10855110600 % by current assets. The assets are being financed by an equity of 10855110700 %, and total debt of -10855110600 %.
The total assets of the company decreased with -11.8 % between 2009 and 2010. This total assets decrease has been reflected in a reduction of non current assets of - 6.19 %. In 2010 the assets of the company were 8879116200 % composed of fixed assets and -8879116100 % by current assets. The assets are being financed by an equity of 8879116200 %, and total debt of -8879116100 %.
Profit and loss
|
Year |
2009 |
|
Revenues |
454.269.903 |
|
Net turnover |
1.473.457 |
|
Operating result |
251.120 |
|
Financial income |
3.371.096 |
|
|
|
|
Financial
expenses |
3.599.129 |
|
Financial result |
-228.033 |
|
Result on ordinary
operations before taxes |
23.088 |
|
|
|
|
Taxation on the
res ult of ordinary activities |
6.615 |
|
Result of
ordinary activities after taxes |
16.473 |
|
|
|
|
Net result |
16.473 |
Publications
Remarks Status: Active
Category: Large company
Last year: 2011
TOTAL assets last year: 108.551.107 EUR
Number of shareholders: 2
Number of subsidiaries: 0
Number of branches: 0
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.99.90 |
|
Euro |
1 |
Rs.84.23 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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%) Maket trend (10%) Operational size
(10%)
MIRA
INFORM REPORT
|
Report Date : |
21.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
DIAROUGH SOURCING SA |
|
|
|
|
Registered Office : |
12f, Rue
Guillaume Kroll 1882 |
|
|
|
|
Country : |
Luxembourg |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
18.11.2004 |
|
|
|
|
Com. Reg. No.: |
B 104.283 |
|
|
|
|
Legal Form : |
Limited Company by Shares |
|
|
|
|
Line of Business : |
Wholesale of household goods |
|
|
|
|
No. of Employees : |
Not Available |
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 |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Luxembourg |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LUXEMBOURG - ECONOMIC OVERVIEW
This small, stable, high-income economy - benefiting from
its proximity to France, Belgium, and Germany - has historically featured solid
growth, low inflation, and low unemployment. The industrial sector, initially
dominated by steel, has become increasingly diversified to include chemicals,
rubber, and other products. Growth in the financial sector, which now accounts
for about 27% of GDP, has more than compensated for the decline in steel. Most
banks are foreign-owned and have extensive foreign dealings, but Luxembourg has
lost some of its advantages as a favorable tax location because of OECD and EU
pressure. The economy depends on foreign and cross-border workers for about 40%
of its labor force. Luxembourg, like all EU members, suffered from the global
economic crisis that began in late 2008, but unemployment has trended below the
EU average. Following strong expansion from 2004 to 2007, Luxembourg's economy
contracted 3.6% in 2009, but rebounded in 2010-11 before slowing again in 2012.
The country continues to enjoy an extraordinarily high standard of living - GDP
per capita ranks among the highest in the world, and is the highest in the euro
zone. Turmoil in the world financial markets and lower global demand during
2008-09 prompted the government to inject capital into the banking sector and
implement stimulus measures to boost the economy. Government stimulus measures
and support for the banking sector, however, led to a 5% government budget
deficit in 2009. Nevertheless, the deficit was cut to 1.1% in 2011 and 0.9% in
2012. Even during the financial crisis and recovery, Luxembourg retained the
highest current account surplus as a share of GDP in the euro zone, owing
largely to their strength in financial services. Public debt remains among the
lowest of the region although it has more than doubled since 2007 as percentage
of GDP. Luxembourg's economy, while stabile, grew slowly in 2012 due to ongoing
weak growth in the euro area. Authorities have strengthened supervision of
domestic banks because of their exposure to the activities of foreign banks.
Source
: CIA
Summary
Company
name DIAROUGH SOURCING SA
Operative
address 12F, RUE GUILLAUME KROLL
1882 LUXEMBOURG Luxembourg
Legal form Limited company by shares
Registration
number Trade register number: B 104.283
(Luxembourg)
Trade register number: B 104.283
(Luxembourg)
|
Year |
2011 |
|
Mutation |
2010 |
|
Mutation |
2009 |
|
Fixed assets |
43.664.813 |
|
10,55 |
39.497.871 |
|
-6,19 |
42.103.221 |
|
Total equity |
319.317 |
|
54,31 |
206.933 |
|
133,38 |
88.666 |
|
Short term
liabilities |
69.016.595 |
|
35,81 |
50.818.252 |
|
0,47 |
50.582.690 |
|
|
|||||||
|
Net result |
|
|
|
|
|
-100,00 |
16.473 |
|
|
|||||||
|
Working capital |
-4.130.301 |
|
-170,85 |
-1.524.961 |
|
-119,11 |
7.979.557 |
|
Quick ratio |
0,94 |
|
-3,09 |
0,97 |
|
-16,38 |
1,16 |
Company information
Company
name DIAROUGH SOURCING SA
Operative
address 12F, RUE GUILLAUME KROLL 1882
LUXEMBOURG
Correspondence address 12F, RUE GUILLAUME KROLL 1882 LUXEMBOURG
Luxembourg
Registration
Registration number Trade register number: B 104.283 (Luxembourg)
Trade register number: B 104.283 (Luxembourg)
Status Active
Establishment date 2004-11-18
Legal form Limited company by shares
Subscribed share capital EUR 77.179
Activities
NACE Wholesale of household goods (4649)
Relations
Shareholders ULTIMATE GLOBAL SHAREHOLDER
Name: EGON DIAMOND SARL
National id number: B 55.785 (Luxembourg)
Address: 20, Rue Eugene Ruppert Zipcode: 2453
City: LUXEMBOURG
Country: LU Type: Industrial company
Share direct: 99.00%
TOTAL assets: 45.04 mil. EUR
Shareholders funds: -9.0108 mil. EUR
SHAREHOLDERS
Name: EGON DIAMOND SARL
National id number: B 55.785 (Luxembourg)
Address: 20, Rue Eugene Ruppert Zipcode: 2453
City: LUXEMBOURG Country: LU Type: Industrial company
Share direct: 99.00%
TOTAL assets: 45.04 mil. EUR
Shareholders funds: -9.0108 mil. EUR
Number of employees: 0
Name: EGON FINANCE SA
National id number: B 55.468 (Luxembourg)
Address: 412F, Rte d'Esch Zipcode: 1471
City: LUXEMBOURG
Country: LU Phone: +352 26270421 FAX: +352 26270637
Type: Financial company Share direct: 1.00% Turnover: 5 mil. EUR
TOTAL assets: 25.71 mil. EUR Shareholders funds: 6.9155 mil. EUR
Number of employees: 0
Management
Management Fullname: Mr. Nishit Mahendra Kuma Parikh
Type: Individual Gender: Male
date of birth: 1965/04/22 Age: 48
Country of nationality: Belgium
Address: 2020, Antwerpen, 2020, Antwerpen, Belgium
Country: Belgium
Number of involvements: 7
Function: Administrative Board (AG)
Level of responsibility: Member
Fullname: Mr. Saurin Parikh
Type: Individual Gender: Male
date of birth: 1970/06/18 Age: 42
Country of nationality: Belgium
Address: 340560, Dubai, 340560, Dubai, United Arab Emirates
Country: United Arab Emirates
Number of involvements: 3
Function: Administrative Board (AG)
Level of responsibility: Member
Fullname: Mr. Jeffrey A. Sacks
Type: Individual Gender: Male
date of birth: 1954/08/20 Age: 58
Country of nationality: United States
Address: 60091, W ilmette, IL, 60091, W ilmette, IL, United States Country: United States
Number of involvements: 7 Function: Administrative Board (AG)
Level of responsibility: Member
Fullname: RSM Audit Luxembourg Sarl
Type: Company Address: Rue Adolphe 6-5, 1116, Luxembourg, Luxembourg Country: Luxembourg
Number of involvements: 12 Function: Member, Supervisory Board (AG)
Level of responsibility: Member
Financial analysis
Trend Fluctuating
Profitability Positive
Solvability Limited
Liquidity Negative
Show amount in Euro
KEY FIGURES
|
Year |
2011 2010 2009 |
|
Quick ratio |
0,94 0,97 1,16 |
|
Current ratio |
0,94 0,97 1,16 |
|
Working capital/
balance total |
-0,04 -0,02 0,08 |
|
Equity / balance
total |
-0,04 -0,02 0,08 |
|
Equity / Fixed
assets |
0,01
0,01 |
|
Solvability |
1,00 1,00 1,00 |
|
Working capital |
-4.130.301 -1.524.961 7.979.557 |
|
Equity |
319.317 206.933 88.666 |
|
Mutation equity |
54,31
133,38 |
|
Mutation short
term liabilities |
35,81 0,47 |
|
Return on total assets (ROA) |
0 02 |
|
Return on equity
(ROE) |
26,04 |
|
Gross profit
margin |
17, 04 |
|
Net profit margin |
1,12 |
|
Average
collection ratio |
0,03 |
|
Equity turnover
ratio |
16, 62 |
|
Total assets
turnover ratio |
0,01 |
|
Fixed assets
turnover ratio |
0,03 |
|
Inventory
conversion ratio |
47,11 |
|
Turnover |
1.473.457 |
|
Operating result |
251.120 |
|
Net res ult after
taxes |
16.473 |
|
Summary |
The 2011
financial result structure is a negative working captial of -4.130.301 euro, which is
in agreement with -4 % of the total assets of the company. The
working capital has diminished with -170.85 % compared to previous year. The ratio,
with respect to the total assets of the company has however, declined. The
deterioration between 2010 and 2011 has mainly been caused by an increase of the
current liabilities. The
current ratio of the company in 2011 was 0.94. When the current ratio is
below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2011 of the company was 0.94. Acompany with a Quick Ratio of
less than 1 cannot currently pay back its current liabilities. The 2010
financial result structure is a negative working captial of -1.524.961 euro, which is
in agreement with -2 % of the total assets of the company. The
working capital has diminished with -119.11 % compared to previous year. The ratio,
with respect to the total assets of the company has however, declined. The
deterioration between 2009 and 2010 has mainly been caused by an increase of the
current liabilities. The
current ratio of the company in 2010 was 0.97. When the current ratio is
below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2010 of the company was 0.97. Acompany with a Quick Ratio of
less than 1 cannot currently pay back its current liabilities. |
Financial statement
Last annual account 2011
Remark annual account The company is obliged to file its financial statements.
Type of annual account Corporate
Annual account DIAROUGH SOURCING SA
12F, RUE GUILLAUME KROLL 1882 LUXEMBOURG Luxembourg
|
BALANCE |
|||
|
|
|||
|
Year |
2011 |
2010 |
2009 |
|
Other
fixed assets |
43.664.813 |
39.497.871 |
42.103.221 |
|
Fixed
assets |
43.664.813 |
39.497.871 |
42.103.221 |
|
Inventories |
|
|
31.276 |
|
Liquid
funds |
1.775.961 |
6.653.786 |
4.877.790 |
|
Other
current assets |
63.110.333 |
42.639.505 |
53.653.181 |
|
Current
assets |
64.886.294 |
49.293.291 |
58.562.247 |
|
Total
assets |
108.551.107 |
88.791.162 |
100.665.468 |
|
Total
equity |
319.317 |
206.933 |
88.666 |
|
Provisions |
111.141 |
71.581 |
24.817 |
|
Long
term liabilities |
39.104.054 |
37.694.396 |
49.969.295 |
|
Accounts
payable |
58.626.802 |
41.413.993 |
40.217.624 |
|
Liabilities
towards credit institutes |
|
|
1.152 |
|
Other
short term liabilities |
10.389.793 |
9.404.259 |
10.363.914 |
|
Short
term liabilities |
69.016.595 |
50.818.252 |
50.582.690 |
|
Total
liabilities |
108.551.107 |
88.791.162 |
100.665.468 |
Summary The total assets of the company increased with 22.25 % between 2010 and 2011. The fixed asset growth of 10.55 % is lower than the total asset growth. In 2011 the assets of the company were 10855110700 % composed of fixed assets and -10855110600 % by current assets. The assets are being financed by an equity of 10855110700 %, and total debt of -10855110600 %.
The total assets of the company decreased with -11.8 % between 2009 and 2010. This total assets decrease has been reflected in a reduction of non current assets of - 6.19 %. In 2010 the assets of the company were 8879116200 % composed of fixed assets and -8879116100 % by current assets. The assets are being financed by an equity of 8879116200 %, and total debt of -8879116100 %.
Profit and loss
|
Year |
2009 |
|
Revenues |
454.269.903 |
|
Net turnover |
1.473.457 |
|
Operating result |
251.120 |
|
Financial income |
3.371.096 |
|
|
|
|
Financial
expenses |
3.599.129 |
|
Financial result |
-228.033 |
|
Result on ordinary
operations before taxes |
23.088 |
|
|
|
|
Taxation on the
res ult of ordinary activities |
6.615 |
|
Result of
ordinary activities after taxes |
16.473 |
|
|
|
|
Net result |
16.473 |
Publications
Remarks Status: Active
Category: Large company
Last year: 2011
TOTAL assets last year: 108.551.107 EUR
Number of shareholders: 2
Number of subsidiaries: 0
Number of branches: 0
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.99.90 |
|
Euro |
1 |
Rs.84.23 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.