MIRA
INFORM REPORT
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Report Date : |
22nd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
KIRAN
EXPORTS |
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Registered Office : |
Hoveniersstraat
30 B.246, 2018 Antwerpen Be |
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Country : |
Belgium |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
30.07.1996 |
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Com. Reg. No.: |
317534, ANTWERPEN |
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Legal Form : |
Private Company With Limited Liability |
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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 : |
237500 EUR |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name & Address
KIRAN EXPORTS
HOVENIERSSTRAAT 30
B.246
2018 ANTWERPEN BE
Tel. Number +32-3-2253604
Fax number +32-3-2253605
Business founded
23 July 1996
Business registered
30 July 1996 -
Private company with limited liability
Business last updated
31 March 2006
Registration number
317534, ANTWERPEN
Value Added Tax number
BE458428037
Judicial form
Private company
with limited liability
Activities
Wholesale of
miscellaneous intermediate products
Payment experience
No complaints have
been registered
Credit opinion
Credit opinion
Maximum credit
limit :237500 EUR is
advised
Cash situation
(balance sheet analysis) : Limited
Profitability
(balance sheet analysis) : Low
Commitments
(regarding contractual obligations) : Currently fulfilled
Payment
defaults
: None
Employees (Business)
0
Total share capital
31 March 2006 EUR 19000,00
Bank
BANQUE DIAMANTAIRE
ANVERSOISE
Boardmembers
LAKHANI VIMAL
LABHUBHAI Manager
PATEL BHARATKUMAR
BHAVANBHAI Manager
Management
MEYNENDONCKX BART
FILIP GERARD Representative and auditor
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 - 31 March 2006 in EUR 51.388.000,00 |
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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 - 31 March 2006 in EUR |
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Total assets incl. prepaid expenses and accrued
income |
36.406.000,- |
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Total fixed assets |
374.000,- |
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Total tangible fixed assets |
373.000,- |
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Land and buildings |
322.000,- |
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Plant, machinery and equipment |
10.000,- |
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Total financial fixed assets |
1.000,- |
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Investments (long-term) |
1.000,- |
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Total Current assets |
36.032.000,- |
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Inventories and work in progress (incl.
prepayments) |
5.336.000,- |
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Accounts receivable (trade) |
30.680.000,- |
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Cash in hand and at bank |
16.000,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
36.406.000,- |
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Total equity (Shareholders' funds) |
311.000,- |
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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 |
290.000,- |
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Total liabilities |
36.095.000,- |
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Total long-term liabilities |
265.000,- |
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Long-term liabilities to credit institutions |
265.000,- |
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Total current liabilities |
35.714.000,- |
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Current accounts payable (trade) |
16.961.000,- |
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Current liabilities to credit institutions |
12.147.000,- |
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Income and social tax liabilities |
8.000,- |
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Total accrued expenses and deferred income |
116.000,- |
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PER, period that the financial account covers for not consolidated profit and loss account.: 00 0000 - 31 March 2006 in EUR |
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Total operating income/revenue |
51.388.000,- |
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Main revenue (sales/turnover) |
51.388.000,- |
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Total operating expenses |
-50.792.000,- |
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Cost of materials (type of expenditure format) |
50.610.000,- |
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Cost of goods sold (operational format) |
50.792.000,- |
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Gross profit or loss after cost of materials or
after cost of goods sold |
596.000,- |
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Personnel costs |
1.000,- |
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Depreciation |
15.000,- |
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Operating profit or loss |
596.000,- |
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Financial expenses |
-467.000,- |
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Result of ordinary operations |
129.000,- |
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Extraordinary result |
129.000,- |
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Taxes |
-41.000,- |
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Net profit or loss |
88.000,- |
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Borrowing ratio |
11606,11 % |
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Current ratio |
100,56 % |
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Debt gearing |
85,21 % |
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Profit margin. |
1,18 % |
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Quick ratio |
85,94 % |
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Return on assets |
1,67 % |
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Return on equity. |
28,29 % |
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Solidity or equity ratio |
0,85 % |
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PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 30 September 2005 in EUR 57.410.000,00 |
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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 September 2005 in
EUR |
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Total assets incl. prepaid expenses and accrued
income |
22.687.000,- |
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Total fixed assets |
385.000,- |
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Total tangible fixed assets |
384.000,- |
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Land and buildings |
331.000,- |
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Plant, machinery and equipment |
11.000,- |
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Total financial fixed assets |
1.000,- |
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Investments (long-term) |
1.000,- |
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Total Current assets |
22.302.000,- |
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Inventories and work in progress (incl.
prepayments) |
5.001.000,- |
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Accounts receivable (trade) |
17.276.000,- |
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Cash in hand and at bank |
23.000,- |
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Total accrued income and prepaid expenses |
2.000,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
22.687.000,- |
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Total equity (Shareholders' funds) |
223.000,- |
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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 |
202.000,- |
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Total liabilities |
22.464.000,- |
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Total long-term liabilities |
265.000,- |
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Long-term liabilities to credit institutions |
265.000,- |
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Total current liabilities |
22.168.000,- |
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Current accounts payable (trade) |
8.835.000,- |
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Current liabilities to credit institutions |
9.087.000,- |
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Income and social tax liabilities |
9.000,- |
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Total accrued expenses and deferred income |
31.000,- |
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PER, period that the financial account covers for not consolidated profit and loss account.: 00 0000 - 30 September 2005 in EUR |
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Total operating income/revenue |
57.410.000,- |
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Main revenue (sales/turnover) |
57.410.000,- |
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Total operating expenses |
-57.003.000,- |
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Cost of materials (type of expenditure format) |
56.765.000,- |
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Cost of goods sold (operational format) |
57.003.000,- |
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Gross profit or loss after cost of materials or
after cost of goods sold |
407.000,- |
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Depreciation |
24.000,- |
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Operating profit or loss |
407.000,- |
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Financial expenses |
-281.000,- |
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Result of ordinary operations |
126.000,- |
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Extraordinary result |
126.000,- |
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Taxes |
-40.000,- |
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Net profit or loss |
86.000,- |
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Borrowing ratio |
10073,54 % |
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Current ratio |
100,46 % |
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Debt gearing |
118,83 % |
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Profit margin. |
0,75 % |
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Quick ratio |
78,03 % |
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Return on assets |
1,89 % |
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Return on equity. |
38,56 % |
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Solidity or equity ratio |
0,98 % |
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PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 30 September 2004 in EUR 28.964.595,00 |
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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 September 2004 in
EUR |
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Total assets incl. prepaid expenses and accrued
income |
16.135.560,- |
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Total fixed assets |
241.179,- |
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Total tangible fixed assets |
240.137,- |
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Land and buildings |
235.962,- |
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Plant, machinery and equipment |
1.797,- |
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Total financial fixed assets |
1.042,- |
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Total Current assets |
15.894.381,- |
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Inventories and work in progress (incl.
prepayments) |
2.848.959,- |
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Accounts receivable (trade) |
13.040.062,- |
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Cash in hand and at bank |
5.360,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
16.135.560,- |
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Total equity (Shareholders' funds) |
136.197,- |
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Issued (subscribed) capital |
18.600,- |
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Legal reserves |
1.860,- |
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Profit or loss carried forward |
115.737,- |
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Total liabilities |
15.999.363,- |
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Total long-term liabilities |
185.030,- |
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Total current liabilities |
15.799.531,- |
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Current accounts payable (trade) |
8.377.907,- |
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Current liabilities to credit institutions |
3.243.524,- |
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Income and social tax liabilities |
8.506,- |
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Total accrued expenses and deferred income |
14.802,- |
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PER, period that the financial account covers for not consolidated profit and loss account.: 00 0000 - 30 September 2004 in EUR |
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Total operating income/revenue |
28.964.595,- |
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Main revenue (sales/turnover) |
28.964.595,- |
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Total operating expenses |
-17.178,- |
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Cost of goods sold (operational format) |
17.178,- |
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Gross profit or loss after cost of materials or
after cost of goods sold |
28.947.417,- |
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Personnel costs |
4.409,- |
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Depreciation |
12.533,- |
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Operating profit or loss |
236.167,- |
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Financial income |
2,- |
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Financial expenses |
-182.109,- |
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Result of ordinary operations |
54.060,- |
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Extraordinary result |
54.060,- |
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Taxes |
-16.230,- |
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Net profit or loss |
37.830,- |
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Borrowing ratio |
11747,22 % |
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Current ratio |
100,50 % |
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Debt gearing |
135,85 % |
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Profit margin. |
0,85 % |
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Quick ratio |
82,56 % |
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Return on assets |
1,54 % |
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Return on equity. |
27,77 % |
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Solidity or equity ratio |
0,84 % |
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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