MIRA
INFORM REPORT
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Report Date : |
28th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
JEWELS
ERA |
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Registered Office : |
Hoveniersstraat
30 B.225, 2018 Antwerpen Be |
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Country : |
Belgium |
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Financials (as on) : |
31/12/2004 |
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Date of Incorporation : |
18
December 2003 |
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Com. Reg. No.: |
36113,
KBO - BCE, |
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Legal Form : |
Private
company with limited liability |
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Line of Business : |
Wholesalers
of miscellaneous intermediate products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Usually
Correct |
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Litigation : |
Clear |
NAME & ADDRESS
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JEWELS
ERA |
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HOVENIERSSTRAAT
30 B.225 |
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2018 ANTWERPEN BE |
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Tel.
Number |
+32-3-2275602 |
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Fax
number |
+32-3-2275603 |
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SUMMERY
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Business
founded |
18
December 2003 |
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Business
registered |
18
December 2003 - Private company with limited liability |
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Business
lastupdated |
31
December 2004 |
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Registration
number, |
36113,
KBO - BCE, |
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Value
Added Tax number, |
BE862455308,
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Judicial
form |
Private
company with limited liability |
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Activities |
Wholesale
of miscellaneous intermediate products |
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Payment
experience |
Cash
payment advised |
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Credit
opinion |
Credit
opinion |
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Maximum
credit limit 2500 EUR is advised |
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Cash
situation (balance sheet analysis) : Normal |
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Profitability
(balance sheet analysis) : Very good |
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Commitments
(regarding contractual obligations) : Currently fulfilled |
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Payment
defaults : None |
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Total
share capital31 December 2004 |
EUR 18600,00 |
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Bank |
NOT
SPECIFIED |
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Boardmembers |
MANGUKIYA
HARESH BABUBHAI Manager |
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Management |
MANGUKIYA
HARESH BABUBHAI Partner |
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PATEL
HASMUKH JAMNADAS Partner |
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The
business owns or partly owns one or more pieces of land and
buildings? Yes(Property) |
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PER,
period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December
2004 in EUR 5.363.805,00 |
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Not
consolidated profit and loss turnover of the business: |
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PER, period that the financial account covers for not consolidated
balance sheet.: 00 0000 - 31 December 2004 in EUR |
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Total
assets incl. prepaid expenses and accrued income |
3.524.189,- |
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Total
fixed assets |
143.787,- |
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Total
tangible fixed assets |
143.539,- |
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Land
and buildings |
143.539,- |
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Total
financial fixed assets |
248,- |
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Total
Current assets |
3.380.402,- |
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Inventories
and work in progress (incl. prepayments) |
966.362,- |
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Accounts
receivable (trade) |
2.047.663,- |
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Cash
in hand and at bank |
365.823,- |
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Total
accrued income and prepaid expenses |
554,- |
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Total
equity, provisions, liabilities, accrued expenses and deferred income |
3.524.189,- |
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Total
equity (Shareholders' funds) |
41.714,- |
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Issued
(subscribed) capital |
18.600,- |
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Profit
reserves |
21.914,- |
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Legal
reserves |
1.200,- |
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Total
liabilities |
3.482.475,- |
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Total
long-term liabilities |
70.094,- |
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Long-term
Loans, Mortgage debts |
70.094,- |
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Total
current liabilities |
3.412.381,- |
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Current
accounts payable (trade) |
3.075.111,- |
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Current
liabilities to credit institutions |
91.651,- |
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Income
and social tax liabilities |
11.900,- |
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PER,
period that the financial account covers for not consolidated profit and loss
account.: 00 0000 - 31 December 2004 in EUR |
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Main
revenue (sales/turnover) |
5.363.805,- |
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Cost
of goods sold (operational format) |
5.376.476,- |
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Depreciation |
2.823,- |
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Operating
profit or loss |
-12.671,- |
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Financial
income |
336.343,- |
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Financial
expenses |
-288.658,- |
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Result
of ordinary operations |
35.014,- |
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Extraordinary
result |
35.014,- |
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Taxes |
-11.900,- |
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Net
profit or loss |
23.114,- |
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Borrowing
ratio |
8348,46 % |
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Current
ratio |
99,06 % |
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Debt
gearing |
168,03 % |
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Profit
margin. |
-0,18 % |
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Quick
ratio |
70,72 % |
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Return
on assets |
9,26 % |
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Return
on equity. |
55,41 % |
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Solidity
or equity ratio |
1,18 % |
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 |
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 |