MIRA
INFORM REPORT
|
Report Date : |
08.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
PARV
BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30 B.181, 2018 Antwerpen Be |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
29 June 2004 |
|
|
|
|
Com. Reg. No.: |
74151 |
|
|
|
|
Legal Form : |
Private company with
limited liability |
|
|
|
|
Line of Business : |
Wholesale of
miscellaneous household goods |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Rare Delays |
|
|
|
|
Litigation : |
Clear |
name & address
PARV
HOVENIERSSTRAAT 30 B.181
2018 ANTWERPEN BE
Tel. Number +32-3-2399325
|
Business founded |
29 June 2004 |
|
Business registered |
29 June 2004 - Private
company with limited liability |
|
Registration number, |
74151, KBO - BCE, |
|
VAT number, |
BE866324717, |
|
Legal form |
Private company with
limited liability |
|
Activities |
Wholesale of miscellaneous
household goods |
|
Payment experience |
To be monitored |
|
Credit opinion |
Credit opinion |
|
|
Cash situation (balance
sheet analysis) : Good |
|
|
Profitability (balance
sheet analysis) : Very good |
|
|
Commitments (regarding contractual
obligations) : Fulfilled with difficulties |
|
|
Payment defaults : Rare |
|
Total share capital31 December 2005 |
EUR 18600,00 |
|
Bank |
DEXIA BANK BELGIUM |
|
Boardmembers |
PATEL MANSUKHLAL VALLABHDAS Manager |
|
|
ROUT TRIDEEB Manager |
|
|
PATEL HARSHAD KUMAR Manager |
|
Management |
ROUT TRIDEEB Partner |
|
|
PATEL HARSHAD KUMAR Partner |
|
|
PATEL KRISHNA HARSHAD Partner |
|
|
|
|
Former name |
AMBE Gems |
|
Former address |
Hoveniersstraat 51, bus 81, 2018 Antwerpen |
|
|
|
|
|
|
|
The business owns or
partly owns one or more pieces of land and buildings? Yes(Property)
|
|
|
|
|
|
Turnover for the
period: 00 0000 - 31 December 2005 in EUR 321.425,00 |
|
|
Not consolidated profit
and loss turnover of the business: |
|
|
|
|
|
Corporate balance sheet
for the year: 00 0000 - 31 December 2005 in EUR |
|
|
Total assets incl.
prepaid expenses and accrued income |
382.007,- |
|
Total fixed assets |
1.600,- |
|
Total financial fixed assets |
1.600,- |
|
Total Current assets |
380.407,- |
|
Inventories and work in
progress (incl. prepayments) |
102.763,- |
|
Accounts receivable (trade) |
274.542,- |
|
Cash in hand and at bank |
3.102,- |
|
Total equity, provisions,
liabilities, accrued expenses and deferred income |
382.007,- |
|
Total equity (Shareholders' funds) |
23.088,- |
|
Issued (subscribed) capital |
18.600,- |
|
Profit reserves |
2.628,- |
|
Legal reserves |
1.860,- |
|
Total liabilities |
358.919,- |
|
Total current liabilities |
358.885,- |
|
Current accounts payable (trade) |
347.124,- |
|
Current liabilities to credit institutions |
684,- |
|
Income and social tax
liabilities |
2.654,- |
|
Total accrued expenses
and deferred income |
34,- |
|
|
|
|
Corporate profit and loss
account for the year: 00 0000 - 31 December 2005 in
EUR |
|
|
Main revenue (sales/turnover) |
321.425,- |
|
Cost of goods sold
(operational format) |
301.065,- |
|
Depreciation |
900,- |
|
Operating profit or loss |
20.658,- |
|
Financial income |
8.627,- |
|
Financial expenses |
-23.141,- |
|
Result of ordinary operations |
6.144,- |
|
Extraordinary result |
6.144,- |
|
Taxes |
-1.656,- |
|
Net profit or loss |
4.488,- |
|
Borrowing ratio |
1554,57 % |
|
Current ratio |
105,98 % |
|
Profit margin. |
6,70 % |
|
Quick ratio |
77,36 % |
|
Return on assets |
7,90 % |
|
Return on equity. |
19,43 % |
|
Solidity or equity ratio |
6,04 % |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)