MIRA
INFORM REPORT
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Report Date : |
31-07-2007 |
IDENTIFICATION DETAILS
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Name : |
AKHIL GEMS |
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Registered Office : |
Mechelssesteenweg 160, 2018 Antwerpen BE |
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Country : |
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Date of Incorporation : |
23.07.1993 |
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Com. Reg. No.: |
297769 |
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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 : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
15000 EUR |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name
AKHIL GEMS
Address
MECHELSESTEENWEG 160
2018 ANTWERPEN BE
Tel. Number+32-3-2370509
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Business founded |
23 July 1993 |
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Business registered |
03 August
1993 - Private company with limited liability |
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Registration number, |
297769, ANTWERPEN, |
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VAT number, |
BE450493041, |
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Legal form |
Private
company with limited liability |
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Activities |
Wholesale
of miscellaneous intermediate products |
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Payment experience |
Nothing to report |
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Credit opinion |
Credit opinion |
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Maximum
credit limit 15000 EUR is advised |
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Cash
situation (balance sheet analysis) : Good |
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Profitability
(balance sheet analysis) : Very good |
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Commitments
(regarding contractual obligations) : Completely fulfilled |
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Payment defaults : None |
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Employees (Business) |
1 2 |
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Total share capital31 December 2006 |
EUR 18592,00 |
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Bank |
ABN AMRO BANK |
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Boardmembers |
BAKHAI KK Manager |
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The business owns or partly owns one or more pieces of land and buildings? Yes(Property) |
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Turnover
for the period: 00 0000 - 31 December 2006 in EUR 3.287.978,00 |
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Not
consolidated profit and loss turnover of the business: |
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Corporate
balance sheet for the year: 00 0000 - 31 December 2006 in
EUR |
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Total
assets incl. prepaid expenses and accrued income |
1.058.294,- |
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Total fixed assets |
4.605,- |
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Total tangible fixed assets |
4.605,- |
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Total Current assets |
1.053.689,- |
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Inventories
and work in progress (incl. prepayments) |
342.512,- |
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Accounts receivable (trade) |
661.813,- |
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Cash in
hand and at bank |
49.364,- |
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Total
equity, provisions, liabilities, accrued expenses and deferred income |
1.058.294,- |
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Total equity (Shareholders' funds) |
234.372,- |
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Issued (subscribed) capital |
18.592,- |
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Profit reserves |
10.000,- |
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Statutory reserves |
199.774,- |
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Legal reserves |
1.859,- |
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Profit or
loss carried forward |
4.147,- |
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Total liabilities |
823.922,- |
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Total current liabilities |
823.922,- |
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Current accounts payable (trade) |
666.310,- |
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Income
and social tax liabilities |
970,- |
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Corporate
profit and loss account for the year: 00 0000 - 31 December 2006
in EUR |
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Main revenue (sales/turnover) |
3.287.978,- |
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Cost of
goods sold (operational format) |
3.279.255,- |
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Depreciation |
9.585,- |
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Operating profit or loss |
8.723,- |
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Financial income |
320,- |
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Financial expenses |
8.127,- |
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Result of ordinary operations |
916,- |
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Extraordinary income |
199.774,- |
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Extraordinary result |
200.690,- |
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Taxes |
10.047,- |
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Net profit or loss |
190.643,- |
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Borrowing ratio |
351,54 % |
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Current ratio |
127,88 % |
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Profit margin. |
0,55 % |
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Quick ratio |
86,31 % |
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Return on assets |
20,63 % |
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Return on equity. |
81,34 % |
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Solidity or equity ratio |
22,14 % |
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Turnover for the period: 00 0000 - 31 December 2005 in EUR 2.895.916,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 31 December 2005 in EUR |
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Total assets incl. prepaid expenses and accrued income |
820.116,- |
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Total fixed assets |
9.990,- |
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Total tangible fixed assets |
9.990,- |
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Total Current assets |
810.126,- |
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Inventories and work in progress (incl. prepayments) |
132.403,- |
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Accounts receivable (trade) |
667.528,- |
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Cash in hand and at bank |
10.195,- |
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Total equity, provisions, liabilities, accrued expenses and deferred income |
820.116,- |
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Total equity (Shareholders' funds) |
43.729,- |
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Issued (subscribed) capital |
18.592,- |
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Legal reserves |
11.859,- |
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Profit or loss carried forward |
13.278,- |
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Total liabilities |
776.387,- |
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Total long-term liabilities |
6.329,- |
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Total current liabilities |
770.058,- |
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Current accounts payable (trade) |
684.385,- |
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Income and social tax liabilities |
3.710,- |
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Corporate profit and loss account for the year: 00 0000 - 31 December 2005 in EUR |
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Main revenue (sales/turnover) |
2.895.916,- |
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Cost of goods sold (operational format) |
2.885.830,- |
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Depreciation |
9.548,- |
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Operating profit or loss |
10.086,- |
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Financial income |
19,- |
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Financial expenses |
-5.671,- |
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Result of ordinary operations |
4.434,- |
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Extraordinary result |
4.434,- |
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Taxes |
-1.443,- |
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Net profit or loss |
2.991,- |
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Borrowing ratio |
1558,10 % |
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Current ratio |
105,20 % |
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Debt gearing |
12,70 % |
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Profit margin. |
0,67 % |
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Quick ratio |
88,00 % |
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Return on assets |
2,39 % |
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Return on equity. |
6,83 % |
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Solidity or equity ratio |
5,33 % |
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Turnover for the period: 00 0000 - 31 December 2004 in EUR 2.100.640,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 31 December 2004 in EUR |
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Total assets incl. prepaid expenses and accrued income |
634.407,- |
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Total fixed assets |
18.407,- |
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Total tangible fixed assets |
18.407,- |
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Total Current assets |
616.000,- |
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Inventories and work in progress (incl. prepayments) |
121.562,- |
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Accounts receivable (trade) |
468.951,- |
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Cash in
hand and at bank |
25.487,- |
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Total equity,
provisions, liabilities, accrued expenses and deferred income |
634.407,- |
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Total equity (Shareholders' funds) |
40.738,- |
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Issued (subscribed) capital |
18.592,- |
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Legal reserves |
11.859,- |
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Profit or
loss carried forward |
10.287,- |
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Total liabilities |
593.669,- |
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Total current liabilities |
593.669,- |
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Current accounts payable (trade) |
534.067,- |
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Income
and social tax liabilities |
3.961,- |
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Corporate
profit and loss account for the year: 00 0000 - 31 December 2004
in EUR |
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Main revenue (sales/turnover) |
2.100.640,- |
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Cost of
goods sold (operational format) |
2.094.659,- |
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Depreciation |
9.171,- |
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Operating profit or loss |
5.981,- |
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Financial income |
1,- |
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Financial expenses |
-3.121,- |
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Result of ordinary operations |
2.861,- |
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Extraordinary result |
2.861,- |
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Taxes |
-1.401,- |
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Net profit or loss |
1.460,- |
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Borrowing ratio |
1267,49 % |
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Current ratio |
103,76 % |
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Profit margin. |
0,72 % |
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Quick ratio |
83,28 % |
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Return on assets |
2,38 % |
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Return on equity. |
3,58 % |
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Solidity or equity ratio |
6,42 % |
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial condition
(40%) Ownership background
(20%) Payment record (10%)
Credit history (10%) Market trend (10%) Operational size (10%)