MIRA
INFORM REPORT
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Report Date : |
11.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
STAR
EXCEL BVBA |
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Registered Office : |
Hoveniersstraat
53, 2018 Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
02/06/2003 |
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Legal Form : |
Private
/ Limited under Belgian law |
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Line of Business : |
Trade
in diamonds; import and export of polished and unpolished diamonds;
manufacture, cutting, grinding and sowing of precious 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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Maximum Credit Limit : |
EUR
4.000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & ADDRESS
STAR
EXCEL BVBA
Hoveniersstraat
53
2018 ANTWERPEN
Tel.:+31
(0)3-4010080
Fax.:+31
(0)3-4010081
Legal status
BVBA –
Private / Limited under Belgian law.
Founded
02/06/2003
as BVBA
Trade register
99762385
Capital
nominal EUR 19.000,--
Issued/paid
up EUR 19.000,-
Board member
Nishit
Prakash KOTHARI, Belgiëlei 96, 2018 Antwerp
Roopa
KOTHARI, Belgiëlei 96, 2018 Antwerp
Account
is Ms. Pascalo Fautdeur, Lambert Brierstraat 34, 2600 Antwerpen-Berchem
Activity
Trade in
diamonds; import and export of polished and unpolished diamonds; manufacture,
cutting, grinding and sowing of precious stones.
Staff
3
employees
Unknown.
See
balance sheet
Remarks
Net result:
2005
Euro 18.980
2004
Euro 13.753
The shareholders equity was as of:
31/12/2005 Euro 51.732
31/12/2004 Euro 32.753
The working capital was as of:
31/12/2005 Euro (38.510)
31/12/2004 Euro (65.657)
Banks
not
known
VAT-nr.
BE480762385
Mode of payment
No
complaints have been registered
Credit demand
No
objections against entering into a business relationship.
A
maximum credit limit of EUR 4.000 is advised
The following financial data is retrieved from the corporate balance sheet of :
Star Excel Bvba
Hoveniersstraat 53, 2018 ANTWERPEN
Trade register 99762385
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Star Excel Bvba ***
BALANCE SHEET ***
Corporate in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible assets 3.529 2.246
Tangible assets 94.801 87.916
Financial assets 80 80
Miscellaneous fixed assets 0 0
Total fixed assets 98.410 90.242
Stock 776.826 2.592.709
Receivables 1.138.997 2.578.127
Shares 0 0
Liquid assets 414.591 623.707
Miscellaneous current assets 0 0
Total current assets 2.330.414 5.794.543
Shareholders equity 32.753 51.732
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 2.396.071 5.833.053
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 2.428.824 5.884.785
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Star Excel Bvba ***
PROFIT & LOSS ACCOUNT ***
Corporate in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Turnover 0 0
Other income 0 0
Total expenses 10.172 64.963
Operating profit 29.788 118.069
Balance financial P/L -11.913 -40.365
Net profit/loss 1] 17.875 77.704
Taxation 4.072 6.802
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 13.803 70.902
Balance extraordinary P/L -50 -51.922
Taxation 0 0
Extraordinary P/L 2] -50 -51.922
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 13.753 18.980
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Legend : 1] = Before tax
2]
= After tax
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Star Excel Bvba *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity gearing 1,3 0,9
Equity/outside capital 1,4 0,9
LIQUIDITY
Current ratio 1 1
Acid test 0,6 0,5
RATES OF RETURN %
Total assets 0,7 1,3
Shareholders equity 54,6 150,2
Pre tax margin % 0 0
Turnover rate 0 0
(x
1) (x 1)
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Working capital -65.657 -38.510
Shareholders equity + Equalization acc. 32.753 51.732
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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/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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