MIRA
INFORM REPORT
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Report Date : |
01.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
PRIYANKA GEMS |
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Registered Office : |
Pelikaanstraat 62,
2018 Antwerpen Be |
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Country : |
Belgium
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Financials (as on) : |
30.06.2005 |
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Date of Incorporation : |
28.04.1997 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Wholesale
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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Maximum Credit Limit : |
EUR
31500 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
PRIYANKA GEMS
address
PELIKAANSTRAAT 62
2018 ANTWERPEN BE
Tel. Number : + 32-3-2812891
Fax number : + 32-3-2133804
summary
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Business founded |
28 April 1997 |
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Business registered |
22 May 1997 - Private company with limited
liability |
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Registration number, |
323023, ANTWERPEN, |
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Value Added Tax number, |
BE460581041, |
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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 |
no complaints have been registered |
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Credit opinion |
Credit opinion |
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Maximum credit limit 31500 EUR is advised |
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Cash situation (balance sheet analysis) : Limited |
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Profitability (balance sheet
analysis) : Low |
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Commitments (regarding contractual
obligations) : Currently fulfilled |
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Payment defaults : None |
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Employees (Business) |
0 |
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Total share capital30 June 2005 |
EUR 19000,00 |
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Branch office(s) |
PELIKAANSTRAAT 62 B.19,2018
ANTWERPEN |
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Bank |
BANQUE DIAMANTAIRE ANVERSOISE |
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Boardmembers |
DIPAK JIVANI Manager |
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Management |
MEYNENDONCKX BART FILIP GERARD
Representative and auditor |
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Auditor |
LUYTEN-MEYNENDONCKX & PARTNERS
BEDRIJFREVISOREN/REVISEURS D'ENTREPRISE Auditors´ president |
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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 - 30 June 2005 in EUR 7.623.000,00 |
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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 - 30 June 2005 in
EUR |
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Total assets incl. prepaid expenses and accrued
income |
4.919.000,- |
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Total fixed assets |
16.000,- |
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Total tangible fixed assets |
13.000,- |
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Total financial fixed assets |
3.000,- |
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Investments (long-term) |
3.000,- |
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Total Current assets |
4.903.000,- |
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Inventories and work in progress (incl.
prepayments) |
1.799.000,- |
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Accounts receivable (trade) |
3.094.000,- |
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Cash in hand and at bank |
9.000,- |
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Total accrued income and prepaid expenses |
1.000,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
4.919.000,- |
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Total equity (Shareholders' funds) |
132.000,- |
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Issued (subscribed) capital |
19.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried forward |
111.000,- |
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Total liabilities |
4.787.000,- |
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Total long-term liabilities |
5.000,- |
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Long-term liabilities to credit institutions |
5.000,- |
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Total current liabilities |
4.782.000,- |
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Current accounts payable (trade) |
1.831.000,- |
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Current liabilities to credit institutions |
2.055.000,- |
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Income and social tax liabilities |
5.000,- |
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PER, period that the financial account covers for
not consolidated profit and loss account.: 00 0000 - 30 June 2005
in EUR |
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Total operating income/revenue |
7.624.000,- |
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Main revenue (sales/turnover) |
7.623.000,- |
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Total operating expenses |
-7.503.000,- |
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Cost of materials (type of expenditure format) |
7.406.000,- |
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Cost of goods sold (operational format) |
7.503.000,- |
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Gross profit or loss after cost of materials or
after cost of goods sold |
121.000,- |
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Personnel costs |
1.000,- |
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Depreciation |
6.000,- |
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Operating profit or loss |
121.000,- |
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Financial expenses |
-105.000,- |
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Result of ordinary operations |
16.000,- |
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Extraordinary result |
16.000,- |
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Taxes |
-4.000,- |
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Net profit or loss |
12.000,- |
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Borrowing ratio |
3626,52 % |
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Current ratio |
102,53 % |
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Debt gearing |
3,79 % |
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Profit margin. |
1,66 % |
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Quick ratio |
64,88 % |
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Return on assets |
2,60 % |
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Return on equity. |
9,09 % |
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Solidity or equity ratio |
2,68 % |
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PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 30 June 2004 in EUR 6.243.000,00 |
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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 - 30 June 2004 in
EUR |
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Total assets incl. prepaid expenses and accrued
income |
4.642.000,- |
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Total fixed assets |
21.000,- |
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Total tangible fixed assets |
18.000,- |
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Total financial fixed assets |
3.000,- |
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Investments (long-term) |
3.000,- |
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Total Current assets |
4.621.000,- |
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Inventories and work in progress (incl.
prepayments) |
2.293.000,- |
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Accounts receivable (trade) |
2.324.000,- |
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Cash in hand and at bank |
4.000,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
4.642.000,- |
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Total equity (Shareholders' funds) |
121.000,- |
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Issued (subscribed) capital |
19.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried forward |
100.000,- |
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Total liabilities |
4.521.000,- |
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Total long-term liabilities |
8.000,- |
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Long-term liabilities to credit institutions |
8.000,- |
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Total current liabilities |
4.512.000,- |
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Current accounts payable (trade) |
1.613.000,- |
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Current liabilities to credit institutions |
2.014.000,- |
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Income and social tax liabilities |
4.000,- |
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Total accrued expenses and deferred income |
1.000,- |
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PER, period that the financial account covers for
not consolidated profit and loss account.: 00 0000 - 30 June 2004
in EUR |
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Total operating income/revenue |
6.243.000,- |
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Main revenue (sales/turnover) |
6.243.000,- |
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Total operating expenses |
-6.115.000,- |
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Cost of materials (type of expenditure format) |
6.028.000,- |
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Cost of goods sold (operational format) |
6.115.000,- |
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Gross profit or loss after cost of materials or
after cost of goods sold |
128.000,- |
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Depreciation |
6.000,- |
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Operating profit or loss |
128.000,- |
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Financial income |
2.000,- |
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Financial expenses |
-117.000,- |
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Result of ordinary operations |
13.000,- |
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Extraordinary result |
13.000,- |
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Taxes |
-7.000,- |
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Net profit or loss |
6.000,- |
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Borrowing ratio |
3736,36 % |
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Current ratio |
102,39 % |
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Debt gearing |
6,61 % |
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Profit margin. |
2,14 % |
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Quick ratio |
51,59 % |
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Return on assets |
2,86 % |
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Return on equity. |
4,95 % |
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Solidity or equity ratio |
2,60 % |
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PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 30 June 2003 in EUR 12.277.000,00 |
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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 - 30 June 2003 in
EUR |
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Total assets incl. prepaid expenses and accrued
income |
7.600.000,- |
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Total fixed assets |
27.000,- |
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Total tangible fixed assets |
24.000,- |
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Total financial fixed assets |
3.000,- |
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Investments (long-term) |
3.000,- |
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Total Current assets |
7.573.000,- |
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Inventories and work in progress (incl.
prepayments) |
3.057.000,- |
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Accounts receivable (trade) |
4.515.000,- |
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Cash in hand and at bank |
1.000,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
7.600.000,- |
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Total equity (Shareholders' funds) |
115.000,- |
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Issued (subscribed) capital |
19.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried forward |
94.000,- |
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Total liabilities |
7.485.000,- |
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Total long-term liabilities |
11.000,- |
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Long-term liabilities to credit institutions |
11.000,- |
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Total current liabilities |
7.471.000,- |
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Current accounts payable (trade) |
4.369.000,- |
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Current liabilities to credit institutions |
2.036.000,- |
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Income and social tax liabilities |
7.000,- |
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Total accrued expenses and deferred income |
3.000,- |
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PER, period that the financial account covers for
not consolidated profit and loss account.: 00 0000 - 30 June 2003
in EUR |
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Total operating income/revenue |
12.277.000,- |
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Main revenue (sales/turnover) |
12.277.000,- |
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Total operating expenses |
-12.169.000,- |
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Cost of materials (type of expenditure format) |
12.072.000,- |
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Cost of goods sold (operational format) |
12.169.000,- |
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Gross profit or loss after cost of materials or
after cost of goods sold |
108.000,- |
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Personnel costs |
6.000,- |
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Depreciation |
6.000,- |
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Operating profit or loss |
108.000,- |
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Financial expenses |
-73.000,- |
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Result of ordinary operations |
35.000,- |
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Extraordinary result |
35.000,- |
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Taxes |
-15.000,- |
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Net profit or loss |
20.000,- |
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Borrowing ratio |
6508,70 % |
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Current ratio |
101,32 % |
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Debt gearing |
9,57 % |
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Profit margin. |
0,92 % |
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Quick ratio |
60,44 % |
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Return on assets |
1,46 % |
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Return on equity. |
17,39 % |
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Solidity or equity ratio |
1,51 % |
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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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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