MIRA
INFORM REPORT
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Report Date : |
28.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
Parth NV |
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Registered Office : |
Hoveniersstraat 30 b181, 2018 Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
03/03/1998 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Whole sale in diamonds and gem stones. |
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 : |
No Complaints |
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Litigation : |
Clear |
name & address
Parth NV
Hoveniersstraat 30
b181
2018 ANTWERPEN
Tel.:+32
(0)3-2321150
Fax.:+32
(0)3-2321160
Legal status
NV Public limited company [nat. law]
Founded
03/03/1998, P.l.c. since 19/03/1998
Trade register
46327982
Management
PATEL Saroj Ramesh
PATEL Mahgsh Ghanshyambhai
PATEL Rama Mansukhlal
PATEL Mansukhial Vallabhbas
Activity
Whole sale in diamonds and gem stones.
Staff
6 employees
Turnover
Net turnover:
2006
Euro 16.106.000
Real estate
The business premises at the mentioned
address is owned by the company, as far as we know.
Finances
See balance sheet
Remarks
Net result:
2006 Euro (6.000)
The shareholders equity was as of:
31/12/2006 Euro 2.767.000
The working capital was
as of:
31/12/2006 Euro 2.771.000
There is no balance sheet on 2004 available.
Banks
ABN-AMRO NV
VAT-nr.
BE462824414
Mode of payment
No complaints have been registered
Credit demand
No objections against entering into a business relationship.
The following
financial data is retrieved from the corporate balance sheet of :
Parth NV
Hoveniersstraat 30
b181, 2018 ANTWERPEN
Trade register 46327982
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Parth
NV ***
BALANCE SHEET ***
Corporate
in Euro(x 1)
-------- ------31-12-2006---
Intangible
assets 0 0
Tangible
assets 0 365.000
Financial
assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed assets 0 365.000
Stock 0 2.601.000
Receivables 0 6.207.000
Shares 0 0
Liquid
assets 0 73.000
Miscellaneous
current assets 0 4.000
Total current assets 0 8.885.000
Shareholders equity 0 2.767.000
Provisions 0 0
Long-term
liabilities 0 351.000
Current
liabilities 0 6.114.000
Minority
interests 0 0
Miscellaneous
liabilities 0 18.000
Total liabilities 0 9.250.000
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Parth
NV ***
PROFIT & LOSS ACCOUNT ***
Corporate
in Euro(x 1)
-------- ------31-12-2006---
Turnover 0 16.106.000
Other
income 0 0
Total
expenses 0 15.645.000
Operating
profit 0 461.000
Balance
financial P/L 0 -421.000
Net
profit/loss 1] 0 40.000
Taxation 0 46.000
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] 0 -6.000
Balance
extraordinary P/L 0 0
Taxation 0 0
Extraordinary
P/L 2] 0 0
Res.
sub. companies 2] 0 0
Minority
interests 0 0
Miscellaneous
P/L 0 0
Net
result 0 -6.000
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Legend
: 1] = Before tax
2] = After tax
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Parth
NV *** FINANCIAL RATIOS ***
---------- -----2006-----
EQUITY %
Equity
gearing 0 29,9
Equity/outside
capital 0 42,7
LIQUIDITY
Current
ratio 0 1,5
Acid
test 0 1
RATES
OF RETURN %
Total
assets 0 0,4
Shareholders equity 0 1,4
Pre
tax margin % 0 0,2
Turnover
rate 0 174,1
(x
1)
------------------- --------------------
Working
capital 0 2.771.000
Shareholders equity + Equalization acc. 0 2.767.000
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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%)