MIRA
INFORM REPORT
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Report Date : |
08.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
MARVAL
GEMS BVBA |
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Registered Office : |
Hoveniersstraat
30 B.156 2018 Antwerpen Be |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
01.08.1989 |
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Com. Reg. No.: |
271176, ANTWERPEN |
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Legal Form : |
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/normal. |
Small |
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Maximum Credit Limit: |
2500 EUR |
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Status : |
Moderate
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name & address
MARVAL
GEMS
HOVENIERSSTRAAT
30 B.156 2018 ANTWERPEN BE
Tel.
Number: +32-3-2275370
Fax
number: +32-3-2266292
Business founded
05 July
1989
Business registered
01
August 1989 - Single member private limited company
Business last updated
31
December 2005
Registration number
271176,
ANTWERPEN
Value Added Tax number
BE437907686
Judicial form
Single
member private limited company
Activities
Wholesale
of miscellaneous intermediate products
Payment experience
No
complaints have been registered
Credit opinion
Credit
opinion
Maximum credit
limit : 2500 EUR is advised
Cash situation
(balance sheet analysis) : Limited
Profitability
(balance sheet analysis) : Low
Commitments
(regarding contractual obligations)
: Currently fulfilled
Payment
defaults
: None
Employees (Business)
3
Total share capital
31 December
2005 EUR 19000,00
Branch office(s)
HOVENIERSSTRAAT
30 156 B.320,2018 ANTWERPEN
Bank
ABN AMRO
BANK (BELGIUM)
Boardmembers
MEHTA
CHETAN Manager
MEHTA
SANJESH Manager
The
business owns or partly owns one or more pieces of land and
buildings? Yes(Property)
PER, period regarding TUn, TRn, TXn,
CPI or CPN: 00 0000 - 31 December 2005 in EUR 45.180.000,00
Not
consolidated profit and loss turnover of the business:
PER,
period that the financial account covers for not consolidated balance
sheet.:
00 0000
- 31 December 2005 in EUR
Total
assets incl. prepaid expenses and accrued income 30.128.000,-
Total
fixed assets 1.373.000,-
Total
tangible fixed assets 1.363.000,-
Land and
buildings 1.309.000,-
Plant,
machinery and equipment 27.000,-
Total
financial fixed assets 10.000,-
Investments
(long-term) 10.000,-
Total
Current assets 28.755.000,-
Inventories
and work in progress (incl. prepayments) 12.098.000,-
Accounts
receivable (trade) 16.608.000,-
Cash in
hand and at bank 23.000,-
Total
accrued income and prepaid expenses 26.000,-
Total
equity, provisions, liabilities, accrued expenses and deferred income 30.128.000,-
Total
equity (Shareholders' funds) 421.000,-
Issued
(subscribed) capital 19.000,-
Profit
reserves 299.000,-
Legal
reserves 103.000,-
Total
provisions 43.000,-
Total
liabilities 29.664.000,-
Total
long-term liabilities 742.000,-
Long-term
liabilities to credit institutions 742.000,-
Total
current liabilities 28.922.000,-
Current
accounts payable (trade) 19.287.000,-
Current
liabilities to credit institutions 8.111.000,-
Income
and social tax liabilities 11.000,-
PER,
period that the financial account covers for not consolidated profit and loss
account.:
00 0000
- 31 December 2005 in EUR
Total
operating income/revenue 45.209.000,-
Main
revenue (sales/turnover) 45.180.000,-
Total
operating expenses -44.583.000,-
Cost of
materials (type of expenditure format) 43.536.000,-
Cost of
goods sold (operational format) 44.583.000,-
Gross
profit or loss after cost of materials or after cost of goods sold 626.000,-
Personnel
costs 66.000,-
Depreciation 49.000,-
Operating
profit or loss 626.000,-
Financial
income 126.000,-
Financial
expenses -699.000,-
Result
of ordinary operations 53.000,-
Extraordinary
income 2.000,-
Extraordinary
result 55.000,-
Appropriations 1.000,-
Taxes -17.000,-
Net
profit or loss 39.000,-
Borrowing
ratio 6146,58
%
Current
ratio 99,42
%
Debt
gearing 153,75
%
Profit
margin. 1,49
%
Quick
ratio 57,50
%
Return
on assets 2,58
%
Return
on equity. 9,26
%
Solidity
or equity ratio 1,39
%
PER,
period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December
2004 in EUR 45.237.000,00
Not
consolidated profit and loss turnover of the business:
PER,
period that the financial account covers for not consolidated balance
sheet.:
00 0000
- 31 December 2004 in EUR
Total
assets incl. prepaid expenses and accrued income 21.838.000,-
Total
fixed assets 1.349.000,-
Total
tangible fixed assets 1.345.000,-
Land and
buildings 777.000,-
Plant,
machinery and equipment 13.000,-
Total
financial fixed assets 4.000,-
Investments
(long-term) 4.000,-
Total
Current assets 20.489.000,-
Inventories
and work in progress (incl. prepayments) 8.123.000,-
Accounts
receivable (trade) 12.324.000,-
Cash in
hand and at bank 17.000,-
Total
accrued income and prepaid expenses 25.000,-
Total
equity, provisions, liabilities, accrued expenses and deferred income 21.838.000,-
Total
equity (Shareholders' funds) 278.000,-
Issued
(subscribed) capital 19.000,-
Profit
reserves 257.000,-
Legal reserves 2.000,-
Total
liabilities 21.560.000,-
Total
long-term liabilities 849.000,-
Long-term
liabilities to credit institutions 849.000,-
Total
current liabilities 20.711.000,-
Current
accounts payable (trade) 12.924.000,-
Current
liabilities to credit institutions 6.806.000,-
Income
and social tax liabilities 8.000,-
PER,
period that the financial account covers for not consolidated profit and loss
account.:
00 0000
- 31 December 2004 in EUR
Total
operating income/revenue 45.265.000,-
Main
revenue (sales/turnover) 45.237.000,-
Total
operating expenses -44.838.000,-
Cost of
materials (type of expenditure format) 44.299.000,-
Cost of
goods sold (operational format) 44.838.000,-
Gross
profit or loss after cost of materials or after cost of goods sold 427.000,-
Personnel
costs 64.000,-
Depreciation 31.000,-
Operating
profit or loss 427.000,-
Financial
income 151.000,-
Financial
expenses -531.000,-
Result
of ordinary operations 47.000,-
Extraordinary
income 32.000,-
Extraordinary
result 79.000,-
Taxes -20.000,-
Net
profit or loss 59.000,-
Borrowing
ratio 7755,40
%
Current
ratio 98,92
%
Debt
gearing 305,40
%
Profit
margin. 1,01
%
Quick
ratio 59,58
%
Return
on assets 2,74
%
Return
on equity. 21,22
%
Solidity
or equity ratio 1,27
%
PER,
period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December
2003 in EUR 43.523.000,00
Not
consolidated profit and loss turnover of the business:
PER,
period that the financial account covers for not consolidated balance
sheet.:
00 0000
- 31 December 2003 in EUR
Total
assets incl. prepaid expenses and accrued income 23.296.000,-
Total
fixed assets 1.132.000,-
Total
tangible fixed assets 1.122.000,-
Land and
buildings 797.000,-
Plant,
machinery and equipment 7.000,-
Total
financial fixed assets 10.000,-
Investments
(long-term) 10.000,-
Total
Current assets 22.164.000,-
Inventories
and work in progress (incl. prepayments) 6.850.000,-
Accounts
receivable (trade) 15.270.000,-
Cash in
hand and at bank 44.000,-
Total
equity, provisions, liabilities, accrued expenses and deferred income 23.296.000,-
Total
equity (Shareholders' funds) 219.000,-
Issued
(subscribed) capital 19.000,-
Profit
reserves 198.000,-
Legal
reserves 2.000,-
Total
liabilities 23.077.000,-
Total
long-term liabilities 456.000,-
Long-term
liabilities to credit institutions 456.000,-
Total
current liabilities 22.621.000,-
Current
accounts payable (trade) 14.377.000,-
Current
liabilities to credit institutions 7.282.000,-
Income
and social tax liabilities 11.000,-
PER,
period that the financial account covers for not consolidated profit and loss
account.:
00
0000 - 31 December 2003 in EUR
Total
operating income/revenue 43.550.000,-
Main
revenue (sales/turnover) 43.523.000,-
Total
operating expenses -43.212.000,-
Cost of
materials (type of expenditure format) 42.709.000,-
Cost of
goods sold (operational format) 43.212.000,-
Gross
profit or loss after cost of materials or after cost of goods sold 338.000,-
Personnel
costs 67.000,-
Depreciation 32.000,-
Operating
profit or loss 338.000,-
Financial
income 296.000,-
Financial
expenses -550.000,-
Result
of ordinary operations 84.000,-
Extraordinary
result 84.000,-
Taxes -51.000,-
Net
profit or loss 33.000,-
Borrowing
ratio 10537,44
%
Current
ratio 97,97
%
Debt
gearing 208,22
%
Profit
margin. 0,90
%
Quick ratio 67,69
%
Return
on assets 2,58
%
Return
on equity. 15,06
%
Solidity
or equity ratio 0,94
%
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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