MIRA
INFORM REPORT
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Report Date : |
31.07.2007 |
IDENTIFICATION DETAILS
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Name : |
BEAUTY
GEMS |
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Registered Office : |
Hoveniersstraat 12, 2018 Antwerpen Be |
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Country : |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
09 July 1999 |
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Com. Reg. No.: |
336037 |
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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 : |
17500 EUR |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
BEAUTY GEMS
HOVENIERSSTRAAT 12
2018 ANTWERPEN BE
Tel. Number +32-3-2185883
Fax number +32-3-2185853
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Business founded |
09 July 1999 |
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Business registered |
11 October 1999 - Private
company with limited liability |
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Registration number, |
336037, ANTWERPEN, |
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VAT number, |
BE466572572, |
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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 |
no complaints have been
registered |
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Credit opinion |
Credit opinion |
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Maximum credit limit
17500 EUR is advised |
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Cash situation (balance
sheet analysis) : Good |
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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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Total share capital30 September 2006 |
EUR 20000,00 |
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Branch office(s) |
HOVENIERSSTRAAT 12,2018 ANTWERPEN |
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Bank |
BANQUE DIAMANTAIRE ANVERSOISE |
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Boardmembers |
SHAH NIRAV SHAILESH Manager |
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Management |
MEHTA PRATIKKUMAR NANALAL Partner |
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SHAH NIRAV SHAILESH 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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Turnover for the
period: 00 0000 - 30 September 2006 in EUR 5.180.931,00 |
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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 - 30 September 2006 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
2.245.669,- |
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Total fixed assets |
4.369,- |
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Total tangible fixed assets |
3.141,- |
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Plant, machinery and equipment |
420,- |
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Total financial fixed assets |
1.228,- |
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Total Current assets |
2.241.300,- |
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Inventories and work in
progress (incl. prepayments) |
828.392,- |
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Accounts receivable (trade) |
1.091.401,- |
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Cash in hand and at bank |
321.507,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
2.245.669,- |
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Total equity (Shareholders' funds) |
85.843,- |
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Issued (subscribed) capital |
20.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried
forward |
63.843,- |
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Total liabilities |
2.159.826,- |
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Total current liabilities |
2.159.826,- |
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Current accounts payable (trade) |
1.465.854,- |
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Income and social tax
liabilities |
2.250,- |
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Corporate profit and loss
account for the year: 00 0000 - 30 September 2006 in
EUR |
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Main revenue (sales/turnover) |
5.180.931,- |
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Cost of goods sold
(operational format) |
5.167.239,- |
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Depreciation |
1.453,- |
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Operating profit or loss |
13.692,- |
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Financial income |
3.260,- |
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Financial expenses |
7.933,- |
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Result of ordinary operations |
9.019,- |
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Extraordinary result |
9.019,- |
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Taxes |
3.596,- |
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Net profit or loss |
5.423,- |
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Borrowing ratio |
2516,02 % |
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Current ratio |
103,77 % |
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Profit margin. |
0,29 % |
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Quick ratio |
65,41 % |
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Return on assets |
0,81 % |
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Return on equity. |
6,31 % |
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Solidity or equity ratio |
3,82 % |
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Turnover for the period: 00 0000 - 30 September 2005 in
EUR 3.285.646,00 |
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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 - 30 September
2005 in EUR |
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Total assets incl. prepaid expenses and accrued income |
1.870.520,- |
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Total fixed assets |
5.823,- |
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Total tangible fixed assets |
4.595,- |
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Plant, machinery and equipment |
840,- |
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Total financial fixed assets |
1.228,- |
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Total Current assets |
1.864.697,- |
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Inventories and work in progress (incl. prepayments) |
385.838,- |
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Accounts receivable (trade) |
1.214.420,- |
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Cash in hand and at bank |
264.439,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
1.870.520,- |
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Total equity (Shareholders' funds) |
80.420,- |
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Issued (subscribed) capital |
20.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried forward |
58.420,- |
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Total liabilities |
1.790.100,- |
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Total current liabilities |
1.790.100,- |
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Current accounts payable (trade) |
1.066.263,- |
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Income and social tax liabilities |
750,- |
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Corporate profit and loss account for the year: 00 0000 - 30
September 2005 in EUR |
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Main revenue (sales/turnover) |
3.285.646,- |
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Cost of goods sold (operational format) |
3.273.524,- |
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Depreciation |
1.516,- |
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Operating profit or loss |
12.123,- |
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Financial income |
560,- |
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Financial expenses |
-4.578,- |
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Result of ordinary operations |
8.105,- |
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Extraordinary result |
8.105,- |
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Taxes |
-2.117,- |
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Net profit or loss |
5.988,- |
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Borrowing ratio |
2225,94 % |
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Current ratio |
104,16 % |
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Profit margin. |
0,41 % |
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Quick ratio |
82,61 % |
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Return on assets |
0,75 % |
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Return on equity. |
7,44 % |
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Solidity or equity ratio |
4,29 % |
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Turnover for the period: 00 0000 - 30 September 2004 in
EUR 3.025.100,00 |
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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 - 30 September
2004 in EUR |
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Total assets incl. prepaid expenses and accrued income |
782.840,- |
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Total fixed assets |
6.514,- |
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Total tangible fixed assets |
5.286,- |
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Plant, machinery and equipment |
1.260,- |
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Total financial fixed assets |
1.228,- |
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Total Current assets |
776.326,- |
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Inventories and work in progress (incl. prepayments) |
313.545,- |
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Accounts receivable (trade) |
297.259,- |
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Cash in hand and at bank |
165.522,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
782.840,- |
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Total equity (Shareholders' funds) |
74.432,- |
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Issued (subscribed) capital |
20.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried
forward |
52.432,- |
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Total liabilities |
708.408,- |
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Total current liabilities |
708.408,- |
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Current accounts payable (trade) |
294.717,- |
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Income and social tax liabilities |
2.050,- |
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Corporate profit and loss account for the year: 00 0000 - 30
September 2004 in EUR |
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Main revenue (sales/turnover) |
3.025.100,- |
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Cost of goods sold (operational format) |
2.993.961,- |
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Depreciation |
1.475,- |
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Operating profit or loss |
31.140,- |
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Financial income |
82,- |
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Financial expenses |
-1.614,- |
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Result of ordinary operations |
29.608,- |
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Extraordinary result |
29.608,- |
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Taxes |
-9.918,- |
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Net profit or loss |
19.690,- |
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Borrowing ratio |
951,75 % |
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Current ratio |
109,58 % |
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Profit margin. |
1,07 % |
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Quick ratio |
65,32 % |
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Return on assets |
4,17 % |
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Return on equity. |
26,45 % |
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Solidity or equity ratio |
9,50 % |
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%)