MIRA INFORM REPORT

 

 

Report Date :

10.01.2007

 

IDENTIFICATION DETAILS

 

Name :

RISING STONE

 

 

Registered Office :

Quellinstraat 40, 2018 Antwerpen Be

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

28 November 2000

 

 

Com. Reg. No.:

344996

 

 

Legal Form :

Private Company With Limited Liability

 

 

Line of Business :

Wholesale of miscellaneous intermediate products

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

5500 EUR

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

RISING STONE

QUELLINSTRAAT 40

2018 ANTWERPEN BE

Tel. Number       + 32-3-4750576

 

Business founded

28 November 2000

Business registered

28 June 2001 - Private company with limited liability

Business last updated

31 December 2005

Registration number,

344996, ANTWERPEN,

Value Added Tax number,

BE473409983,

Judicial form

Private company with limited lability

Activities

Wholesale of miscellaneous intermediate products

Payment experience

no complaints have been registered

Credit opinion

Credit opinion

 

Maximum credit limit 5500 EUR is advised

 

Cash situation (balance sheet analysis) : Good 

 

Profitability (balance sheet analysis) : Medium 

 

Commitments (regarding contractual obligations) : Currently fulfilled 

 

Payment defaults : None 

Total share capital31 December 2005

EUR 19000,00

Bank

BANQUE DIAMANTAIRE ANVERSOISE   

Boardmembers

MEHTA NISHIT ASHOKKUMAR    Manager

 

MEHTA AMISHI NAVINCHANDRA    Manager

Management

MEHTA SANAT    Partner

 

MEHTA AMISHI NAVINCHANDRA    Partner

 

 

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 1.597.574,00

 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

1.502.336,-

Total Current assets

1.502.336,-

Inventories and work in progress (incl. prepayments)

864.987,-

Accounts receivable (trade)

589.265,-

Cash in hand and at bank

48.084,-

Total equity, provisions, liabilities, accrued expenses and deferred income

1.502.336,-

Total equity (Shareholders' funds)

20.559,-

Issued (subscribed) capital

19.000,-

Profit reserves

3.263,-

Legal reserves

1.900,-

Profit or loss carried forward

-3.604,-

Total liabilities

1.481.777,-

Total current liabilities

1.481.777,-

Current accounts payable (trade)

396.212,-

Income and social tax liabilities

2.744,-

 

PER, period that the financial account covers for not consolidated profit and loss account.: 00 0000 - 31 December 2005  in  EUR 

Main revenue (sales/turnover)

1.597.574,-

Cost of goods sold (operational format)

1.481.067,-

Operating profit or loss

116.507,-

Financial income

85.750,-

Financial expenses

-197.355,-

Result of ordinary operations

4.902,-

Extraordinary result

4.902,-

Taxes

-1.398,-

Net profit or loss

3.504,-

Borrowing ratio

7207,44 %

Current ratio

101,38 %

Profit margin.

7,29 %

Quick ratio

43,01 %

Return on assets

13,46 %

Return on equity.

17,04 %

Solidity or equity ratio

1,36 %

 

PER, period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2004  in  EUR 827.729,00

 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

956.062,-

Total Current assets

956.062,-

Inventories and work in progress (incl. prepayments)

615.205,-

Accounts receivable (trade)

336.032,-

Cash in hand and at bank

4.825,-

Total equity, provisions, liabilities, accrued expenses and deferred income

956.062,-

Total equity (Shareholders' funds)

17.055,-

Issued (subscribed) capital

19.000,-

Profit reserves

3.262,-

Legal reserves

1.900,-

Profit or loss carried forward

-7.107,-

Total liabilities

939.007,-

Total current liabilities

939.007,-

Current accounts payable (trade)

148,-

Income and social tax liabilities

1.040,-

 

PER, period that the financial account covers for not consolidated profit and loss account.: 00 0000 - 31 December 2004  in  EUR 

Main revenue (sales/turnover)

827.729,-

Cost of goods sold (operational format)

891.488,-

Operating profit or loss

-63.759,-

Financial income

134.362,-

Financial expenses

-68.289,-

Result of ordinary operations

2.314,-

Extraordinary result

2.314,-

Taxes

-9.421,-

Net profit or loss

-7.107,-

Borrowing ratio

5505,76 %

Current ratio

101,81 %

Profit margin.

-7,70 %

Quick ratio

36,29 %

Return on assets

7,38 %

Return on equity.

-41,67 %

Solidity or equity ratio

1,78 %

 

PER, period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2003  in  EUR 808.301,00

 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

964.826,-

Total Current assets

964.826,-

Inventories and work in progress (incl. prepayments)

518.090,-

Accounts receivable (trade)

389.846,-

Cash in hand and at bank

56.890,-

Total equity, provisions, liabilities, accrued expenses and deferred income

964.826,-

Total equity (Shareholders' funds)

24.162,-

Issued (subscribed) capital

19.000,-

Profit reserves

3.262,-

Legal reserves

1.900,-

Total liabilities

940.664,-

Total current liabilities

940.664,-

Current accounts payable (trade)

154.900,-

Income and social tax liabilities

200,-

 

PER, period that the financial account covers for not consolidated profit and loss account.: 00 0000 - 31 December 2003  in  EUR 

Main revenue (sales/turnover)

808.301,-

Cost of goods sold (operational format)

904.929,-

Operating profit or loss

-96.628,-

Financial income

174.479,-

Financial expenses

-75.603,-

Result of ordinary operations

2.248,-

Extraordinary result

2.248,-

Taxes

-604,-

Net profit or loss

1.644,-

Borrowing ratio

3893,15 %

Current ratio

102,56 %

Profit margin.

-11,95 %

Quick ratio

47,49 %

Return on assets

8,06 %

Return on equity.

6,80 %

Solidity or equity ratio

2,50 %

 

 

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/normal.

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

 

 

 

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