MIRA
INFORM REPORT
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Report Date : |
07.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
SUJAY
GEMS |
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Registered Office : |
Belgielei 121 123 B.6, 2018 Antwerpen Be |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
24 November 1997 |
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Com. Reg. No.: |
327273 |
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Legal Form : |
Single member private
limited company |
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Line of Business : |
Wholesale of
miscellaneous intermediate products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Rare Delays |
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Litigation : |
Clear |
name & address
SUJAY GEMS
BELGIELEI 121 123 B.6
2018 ANTWERPEN BE
Tel. Number +32-3-2261277
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Business founded |
24 November 1997 |
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Business registered |
09 February 1998 - Single
member private limited company |
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Registration number, |
327273, ANTWERPEN, |
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VAT number, |
BE462025153, |
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Legal form |
Single member private
limited company |
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Activities |
Wholesale of miscellaneous
intermediate products |
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Payment experience |
To be monitored |
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Credit opinion |
Credit opinion |
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Cash situation (balance
sheet analysis) : Limited |
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Profitability (balance
sheet analysis) : Nil |
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Commitments (regarding contractual
obligations) : Fulfilled with difficulties |
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Payment defaults : Rare |
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Total share capital31 December 2006 |
EUR 18592,00 |
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Branch office(s) |
BELGIELEI 41 B.6,2018 ANTWERPEN |
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Bank |
BANQUE DIAMANTAIRE ANVERSOISE |
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Boardmembers |
RAVAL CHIRAG ATUL Manager |
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SHAH APARNA AMISH Manager |
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Management |
ZAVERI NEHAL MANOJ 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 - 31 December 2006 in EUR 0,00 |
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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 |
515.826,- |
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Total Current assets |
515.826,- |
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Accounts receivable (trade) |
446.662,- |
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Cash in hand and at bank |
69.164,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
515.826,- |
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Total equity (Shareholders' funds) |
-12.329,- |
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Issued (subscribed) capital |
18.592,- |
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Profit reserves |
56.320,- |
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Legal reserves |
1.859,- |
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Profit or loss carried
forward |
-89.100,- |
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Total liabilities |
528.155,- |
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Total current liabilities |
528.155,- |
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Current accounts payable (trade) |
2.621,- |
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Current liabilities to credit institutions |
9,- |
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Corporate profit and loss
account for the year: 00 0000 - 31 December 2006 in
EUR |
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Cost of goods sold (operational
format) |
2.062,- |
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Operating profit or loss |
-22.910,- |
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Financial expenses |
92.090,- |
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Result of ordinary operations |
-115.000,- |
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Extraordinary income |
22.576,- |
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Extraordinary result |
-92.424,- |
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Taxes |
-3.324,- |
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Net profit or loss |
-89.100,- |
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Borrowing ratio |
-4283,84 % |
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Current ratio |
97,66 % |
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Debt gearing |
-0,00 % |
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Quick ratio |
97,66 % |
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Return on assets |
-0,06 % |
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Return on equity. |
722,68 % |
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Solidity or equity ratio |
-2,39 % |
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Turnover for the
period: 00 0000 - 31 December 2005 in EUR 0,00 |
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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 |
2.935.646,- |
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Total fixed assets |
104.258,- |
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Total tangible fixed assets |
103.622,- |
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Land and buildings |
91.629,- |
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Plant, machinery and equipment |
876,- |
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Total financial fixed assets |
636,- |
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Total Current assets |
2.831.388,- |
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Inventories and work in
progress (incl. prepayments) |
450.792,- |
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Accounts receivable (trade) |
2.379.496,- |
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Cash in hand and at bank |
1.100,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
2.935.646,- |
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Total equity (Shareholders' funds) |
76.771,- |
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Issued (subscribed) capital |
18.592,- |
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Profit reserves |
56.320,- |
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Legal reserves |
1.859,- |
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Total liabilities |
2.858.875,- |
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Total long-term liabilities |
62.698,- |
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Total current liabilities |
2.796.177,- |
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Current accounts payable (trade) |
1.236.580,- |
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Current liabilities to credit institutions |
330.000,- |
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Corporate profit and loss
account for the year: 00 0000 - 31 December 2005 in
EUR |
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Cost of goods sold
(operational format) |
10.834,- |
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Depreciation |
8.742,- |
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Operating profit or loss |
-4.372,- |
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Financial income |
36.955,- |
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Financial expenses |
-26.584,- |
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Result of ordinary operations |
5.999,- |
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Extraordinary result |
5.999,- |
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Taxes |
-1.211,- |
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Net profit or loss |
4.788,- |
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Borrowing ratio |
3723,90 % |
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Current ratio |
101,25 % |
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Debt gearing |
81,67 % |
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Quick ratio |
85,13 % |
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Return on assets |
1,40 % |
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Return on equity. |
6,23 % |
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Solidity or equity ratio |
2,61 % |
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Turnover for the
period: 00 0000 - 31 December 2004 in EUR 0,00 |
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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 |
2.756.501,- |
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Total fixed assets |
113.000,- |
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Total tangible fixed assets |
112.364,- |
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Land and buildings |
93.703,- |
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Plant, machinery and equipment |
1.314,- |
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Total financial fixed assets |
636,- |
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Total Current assets |
2.643.501,- |
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Inventories and work in
progress (incl. prepayments) |
551.141,- |
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Accounts receivable (trade) |
2.090.944,- |
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Cash in hand and at bank |
1.416,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
2.756.501,- |
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Total equity (Shareholders' funds) |
71.983,- |
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Issued (subscribed) capital |
18.592,- |
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Profit reserves |
51.532,- |
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Legal reserves |
1.859,- |
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Total liabilities |
2.684.518,- |
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Total long-term liabilities |
71.616,- |
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Total current liabilities |
2.612.902,- |
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Current accounts payable (trade) |
1.215.450,- |
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Current liabilities to credit institutions |
189.625,- |
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Corporate profit and loss
account for the year: 00 0000 - 31 December 2004 in
EUR |
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Cost of goods sold
(operational format) |
10.862,- |
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Depreciation |
8.841,- |
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Operating profit or loss |
100.959,- |
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Financial income |
1,- |
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Financial expenses |
-93.857,- |
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Result of ordinary operations |
7.103,- |
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Extraordinary income |
2.107,- |
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Extraordinary result |
9.210,- |
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Taxes |
-4.311,- |
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Net profit or loss |
4.899,- |
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Borrowing ratio |
3729,38 % |
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Current ratio |
101,17 % |
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Debt gearing |
99,49 % |
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Quick ratio |
80,07 % |
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Return on assets |
4,05 % |
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Return on equity. |
6,80 % |
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Solidity or equity ratio |
2,61 % |
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. |
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%)