MIRA
INFORM REPORT
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Report Date : |
31-07-2007 |
IDENTIFICATION DETAILS
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Name : |
JEWELS ERA |
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Registered Office : |
Hovenierstraat – 30 B. 225, 2018, Antwerpen BE, |
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Country : |
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Date of Incorporation : |
18-12-2003 |
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Com. Reg. No.: |
36113, KBO – BCE |
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name
JEWELS ERA
Address
HOVENIERSSTRAAT 30 B.225
2018 ANTWERPEN BE
Tel. Number
+32-3-2275602
Fax number
+32-3-2275603
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Business founded |
18 December 2003 |
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Business registered |
18 December 2003 - Private company with limited liability |
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Registration number, |
36113, KBO - BCE, |
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VAT number, |
BE862455308, |
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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 2500 EUR is advised |
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Cash situation (balance sheet analysis) : Limited |
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Profitability (balance sheet analysis) : Very good |
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Commitments (regarding contractual obligations) : Currently fulfilled |
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Payment defaults : None |
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Employees (Business) |
1 2 |
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Total share capital31 December 2005 |
EUR 18600,00 |
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Bank |
ABN AMRO BANK |
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Boardmembers |
MANGUKIYA HARESH BABUBHAI Manager |
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Management |
MANGUKIYA RUPALBEN HARESH Partner |
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MANGUKIYA HARESH BABUBHAI Partner |
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PATEL HASMUKH JAMNADAS Partner |
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Auditor |
WESTEN, FRANCOIS & CO, BEDRIJFSREVISOREN 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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Turnover for the period: 00 0000 - 31 December 2005 in EUR 15.704.253,00 |
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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 |
8.034.228,- |
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Total fixed assets |
201.362,- |
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Total tangible fixed assets |
200.916,- |
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Land and buildings |
139.305,- |
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Plant, machinery and equipment |
56.878,- |
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Total financial fixed assets |
446,- |
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Total Current assets |
7.832.866,- |
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Inventories and work in progress (incl. prepayments) |
3.027.101,- |
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Accounts receivable (trade) |
4.731.050,- |
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Cash in hand and at bank |
74.365,- |
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Total accrued income and prepaid expenses |
350,- |
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Total equity, provisions, liabilities, accrued expenses and deferred income |
8.034.228,- |
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Total equity (Shareholders' funds) |
73.039,- |
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Issued (subscribed) capital |
18.600,- |
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Profit reserves |
52.579,- |
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Legal reserves |
1.860,- |
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Total liabilities |
7.961.189,- |
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Total long-term liabilities |
122.855,- |
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Long-term Loans, Mortgage debts |
122.855,- |
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Total current liabilities |
7.838.334,- |
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Current accounts payable (trade) |
5.933.498,- |
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Current liabilities to credit institutions |
30.949,- |
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Income and social tax liabilities |
30.136,- |
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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) |
15.704.253,- |
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Cost of goods sold (operational format) |
15.378.732,- |
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Depreciation |
8.747,- |
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Operating profit or loss |
325.521,- |
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Financial income |
914.415,- |
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Financial expenses |
-1.190.803,- |
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Result of ordinary operations |
49.133,- |
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Extraordinary result |
49.133,- |
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Taxes |
-17.808,- |
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Net profit or loss |
31.325,- |
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Borrowing ratio |
10899,92 % |
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Current ratio |
99,93 % |
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Debt gearing |
168,20 % |
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Profit margin. |
2,12 % |
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Quick ratio |
61,30 % |
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Return on assets |
15,54 % |
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Return on equity. |
42,88 % |
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Solidity or equity ratio |
0,90 % |
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Turnover for the period: 00 0000 - 31 December 2004 in EUR 5.363.805,00 |
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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 |
3.524.189,- |
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Total fixed assets |
143.787,- |
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Total tangible fixed assets |
143.539,- |
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Land and buildings |
143.539,- |
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Total financial fixed assets |
248,- |
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Total Current assets |
3.380.402,- |
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Inventories and work in progress (incl. prepayments) |
966.362,- |
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Accounts receivable (trade) |
2.047.663,- |
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Cash in hand and at bank |
365.823,- |
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Total accrued income and prepaid expenses |
554,- |
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Total equity, provisions, liabilities, accrued expenses and deferred income |
3.524.189,- |
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Total equity (Shareholders' funds) |
41.714,- |
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Issued (subscribed) capital |
18.600,- |
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Profit reserves |
21.914,- |
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Legal reserves |
1.200,- |
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Total liabilities |
3.482.475,- |
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Total long-term liabilities |
70.094,- |
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Long-term Loans, Mortgage debts |
70.094,- |
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Total current liabilities |
3.412.381,- |
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Current accounts payable (trade) |
3.075.111,- |
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Current liabilities to credit institutions |
91.651,- |
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Income and social tax liabilities |
11.900,- |
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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) |
5.363.805,- |
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Cost of goods sold (operational format) |
5.376.476,- |
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Depreciation |
2.823,- |
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Operating profit or loss |
-12.671,- |
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Financial income |
336.343,- |
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Financial expenses |
-288.658,- |
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Result of ordinary operations |
35.014,- |
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Extraordinary result |
35.014,- |
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Taxes |
-11.900,- |
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Net profit or loss |
23.114,- |
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Borrowing ratio |
8348,46 % |
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Current ratio |
99,06 % |
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Debt gearing |
168,03 % |
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Profit margin. |
-0,18 % |
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Quick ratio |
70,72 % |
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Return on assets |
9,26 % |
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Return on equity. |
55,41 % |
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Solidity or equity ratio |
1,18 % |
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%)