MIRA
INFORM REPORT
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Report Date : |
3rd
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
ASPECO NV |
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Registered Office : |
Schupstraat 21, B-2018 Antwerpen, Belgium |
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Country : |
Belgium |
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Date of Incorporation : |
02.02.1999 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Processing of and having processed of, trade in polished and unpolished diamonds, precious stones, jewels, precious metals and all related articles. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NAME
Aspeco NV
ADDRESS
Schupstraat 21
B-2018 ANTWERPEN
Legal status
NV Public limited company (nat. law)
Founded
02.02.1999, NV since 17.12.2004
Trade register
334072, Antwerpen
Capital
nominal EUR 490.000,-
issued and paid up EUR 490.000,-
Management
Morakhia Bhavesh
Shah Nitin K.N.
Activity
Processing of and having processed of, trade in polished and unpolished diamonds, precious stones, jewels, precious metals and all related articles.
Staff
10 employees
Turnover
Net turnover
2001 EUR 48.678.207,-
2002 EUR 134.968.009,-
2003 EUR 119.934.011,-
2004 EUR 142.789.992,-
Real estate
The business premises at the mentioned address has been rented by the company, as far as we know.
Finances
See balance sheet
Remarks
Net result
2001 EUR 7.462,-
2002 EUR 135.003,-
2003 EUR 165.990,-
2004 EUR 247.001,-
The shareholders' equity was as of
31.12.2001 EUR 53.595,-
31.12.2002 EUR 188.994,-
31.12.2003 EUR 355.008,-
31.12.2004 EUR 1.020.999,-
The working capital was as of
31.12.2001 EUR 51.338,-
31.12.2002 EUR 167.006,-
31.12.2003 EUR 20.005,-
31.12.2004 EUR 19.363.980,-
There is no phone number listed under the name of subject matter.
Other bankers:
Antwerpse Diamantbank
Bankers
Unknown.
VAT-nr.
BE465442820
Mode of payment
No complaints have been registered
Credit demand
No objections against entering into a business relationship.
The following financial data is
retrieved from the corporate balance
sheet of
Aspeco NV
Schupstraat 21, 2018 ANTWERPEN
Trade register 334072, Antwerpen
------------------------------------------------------------------------
Aspeco NV *** BALANCE SHEET
***
Corporate in
Euro Euro
(x
1) (x 1)
-----31-12-2003-----
-----31-12-2004-----
Intangible assets 0 0
Tangible assets 1.736.990 2.003.996
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 1.736.990 2.003.996
Stock 13.798.993 19.532.002
Receivables 30.769.015 24.039.003
Shares 0 0
Liquid assets 418.990 56.991
Miscellaneous current assets 0 0
Total current assets 44.986.998 43.627.996
Shareholders' equity 355.008 1.020.999
Provisions 0 0
Long-term liabilities 1.402.011 20.347.001
Current liabilities 44.966.993 24.264.016
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 46.723.988 45.631.992
------------------------------------------------------------------------
------------------------------------------------------------------------
Aspeco NV ***
PROFIT & LOSS ACCOUNT ***
Corporate in
Euro Euro
(x
1) (x 1)
-----31-12-2003----- -----31-12-2004-----
Turnover 119.934.011 142.789.992
Other income 992 377.988
Total expenses 122.137.982 142.950.007
Operating profit -2.202.980 217.998
Balance financial P/L 2.441.008 185.994
Net profit/loss 1) 238.003 403.992
Taxation 71.988 156.991
Share in P/L of subsidiaries 0 0
Net profit/loss 2) 166.015 247.001
Balance extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L 2) 0 0
Res. sub. companies 2) 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 165.990 247.001
------------------------------------------------------------------------
Legend : 1) = Before tax
2) = After tax
------------------------------------------------------------------------
Aspeco NV *** FINANCIAL
RATIOS ***
--------2003--------
--------2004--------
EQUITY %
Equity gearing .8 2.2
Equity/outside capital .8 2.3
LIQUIDITY
Current ratio 1.0 1.8
Acid test .7 1.0
RATES OF RETURN %
Total assets .5 .9
Shareholders' equity 67.0 39.6
Pre tax margin %
.2 .3
Turnover rate 256.7 312.9
(x
1) (x 1)
--------------------
--------------------
Working capital 20.005
19.363.980
Shareholders' equity + Equalization 355.008 1.020.999
------------------------------------------------------------------------
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |