MIRA
INFORM REPORT
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Report Date : |
13th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
MIRAGE COLLECTION |
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Registered Office : |
Jan Janssensstraat 7 2610 Wilrijk Be |
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Country : |
Belgium |
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Financials (as on) : |
30th
June 2005 |
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Date of Incorporation : |
25 February 1999 |
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Com. Reg. No.: |
336292, ANTWERPEN, |
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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 : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Poor |
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Payment Behaviour : |
Irregular
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Litigation : |
Clear |
Name & address
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MIRAGE COLLECTIONS |
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JAN JANSSENSSTRAAT 7 |
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2610 WILRIJK BE |
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Tel. Number |
+32-3-2269720 |
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Fax number |
+32-3-2313756 |
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summery
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Business founded |
25 February 1999 |
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Business registered |
29 October 1999 - Private company with limited
liability |
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Business last updated |
30 June 2005 |
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Registration number, |
336292, ANTWERPEN, |
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Value Added Tax number, |
BE465595050, |
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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 |
Difficult |
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Credit opinion |
Credit opinion: |
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With regards to the payment record we recommend
you to deal on fully secured terms only and to monitor the developments. |
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Cash situation (balance sheet
analysis) : Normal |
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Profitability (balance sheet
analysis) : Nil |
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Commitments (regarding contractual
obligations) : Not respected |
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Payment defaults : Numerous |
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Employees (Business) |
1 |
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Total share capital30 June 2005 |
EUR 18600,00 |
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Branch office(s) |
LAMORINIERESTRAAT 162,2018
ANTWERPEN |
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Bank |
DEXIA BANK BELGIUM |
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Boardmembers |
TACHE JACQUES Manager |
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BADER KOMAL KUMAR Manager |
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Management |
HIRAWAT DHIRENDRA Partner |
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BADER KOMAL KUMAR 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 - 30 June 2005 in EUR 106.187,00 |
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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 |
2.484.217,- |
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Total fixed assets |
3.982,- |
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Total tangible fixed assets |
3.982,- |
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Plant, machinery and equipment |
3.982,- |
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Total Current assets |
2.480.235,- |
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Inventories and work in progress (incl.
prepayments) |
2.291.534,- |
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Accounts receivable (trade) |
179.058,- |
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Cash in hand and at bank |
9.643,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
2.484.217,- |
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Total equity (Shareholders' funds) |
51.960,- |
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Issued (subscribed) capital |
18.600,- |
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Profit reserves |
31.500,- |
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Legal reserves |
1.860,- |
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Total liabilities |
2.432.257,- |
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Total current liabilities |
2.432.123,- |
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Current accounts payable (trade) |
2.220.521,- |
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Current liabilities to credit institutions |
4.602,- |
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Income and social tax liabilities |
22.007,- |
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Total accrued expenses and deferred income |
134,- |
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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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Main revenue (sales/turnover) |
106.187,- |
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Cost of goods sold (operational format) |
273.302,- |
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Personnel costs |
28.885,- |
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Depreciation |
3.098,- |
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Operating profit or loss |
-104.954,- |
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Financial income |
238.325,- |
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Financial expenses |
-127.277,- |
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Result of ordinary operations |
6.094,- |
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Extraordinary expenses |
-3.114,- |
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Extraordinary result |
2.980,- |
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Taxes |
-1.500,- |
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Net profit or loss |
1.480,- |
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Borrowing ratio |
4681,02 % |
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Current ratio |
101,97 % |
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Profit margin. |
-95,92 % |
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Quick ratio |
7,75 % |
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Return on assets |
5,36 % |
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Return on equity. |
2,84 % |
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Solidity or equity ratio |
2,09 % |
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PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 30 June 2004 in EUR 6.751.903,00 |
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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 |
2.285.906,- |
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Total fixed assets |
13.500,- |
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Total tangible fixed assets |
13.500,- |
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Plant, machinery and equipment |
7.081,- |
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Total Current assets |
2.272.406,- |
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Inventories and work in progress (incl.
prepayments) |
1.870.228,- |
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Accounts receivable (trade) |
383.925,- |
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Cash in hand and at bank |
17.711,- |
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Total accrued income and prepaid expenses |
542,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
2.285.906,- |
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Total equity (Shareholders' funds) |
50.480,- |
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Issued (subscribed) capital |
18.600,- |
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Profit reserves |
30.021,- |
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Legal reserves |
1.859,- |
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Total liabilities |
2.235.426,- |
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Total current liabilities |
2.235.426,- |
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Current accounts payable (trade) |
2.031.091,- |
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Income and social tax liabilities |
9.590,- |
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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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Main revenue (sales/turnover) |
6.751.903,- |
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Cost of goods sold (operational format) |
6.851.950,- |
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Personnel costs |
27.139,- |
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Depreciation |
5.994,- |
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Operating profit or loss |
-100.047,- |
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Financial income |
1.346.318,- |
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Financial expenses |
-1.221.763,- |
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Result of ordinary operations |
24.508,- |
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Extraordinary result |
24.508,- |
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Taxes |
-13.684,- |
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Net profit or loss |
10.824,- |
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Borrowing ratio |
4428,34 % |
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Current ratio |
101,65 % |
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Profit margin. |
-1,39 % |
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Quick ratio |
17,96 % |
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Return on assets |
54,78 % |
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Return on equity. |
21,44 % |
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Solidity or equity ratio |
2,20 % |
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PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 30 June 2003 in EUR 9.161.652,00 |
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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 |
5.165.465,- |
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Total fixed assets |
11.907,- |
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Total tangible fixed assets |
11.907,- |
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Plant, machinery and equipment |
2.278,- |
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Total Current assets |
5.153.558,- |
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Inventories and work in progress (incl.
prepayments) |
1.546.556,- |
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Accounts receivable (trade) |
3.509.853,- |
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Cash in hand and at bank |
97.149,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
5.165.465,- |
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Total equity (Shareholders' funds) |
39.656,- |
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Issued (subscribed) capital |
18.600,- |
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Profit reserves |
19.197,- |
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Legal reserves |
1.859,- |
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Total liabilities |
5.125.809,- |
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Total current liabilities |
5.125.048,- |
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Current accounts payable (trade) |
4.904.686,- |
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Income and social tax liabilities |
20.619,- |
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Total accrued expenses and deferred income |
761,- |
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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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Main revenue (sales/turnover) |
9.161.652,- |
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Cost of goods sold (operational format) |
9.463.698,- |
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Personnel costs |
25.479,- |
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Depreciation |
3.779,- |
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Operating profit or loss |
-301.922,- |
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Financial income |
1.331.650,- |
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Financial expenses |
-991.158,- |
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Result of ordinary operations |
38.570,- |
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Extraordinary result |
38.570,- |
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Taxes |
-27.369,- |
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Net profit or loss |
11.201,- |
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Borrowing ratio |
12925,68 % |
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Current ratio |
100,54 % |
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Profit margin. |
-3,25 % |
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Quick ratio |
70,37 % |
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Return on assets |
20,00 % |
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Return on equity. |
28,24 % |
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Solidity or equity ratio |
0,76 % |
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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