MIRA
INFORM REPORT
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Report Date : |
16.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
Minestar Bvba |
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Registered Office : |
Hoveniersstraat 12, 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 : |
17/02/1999 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Processing of and trade in unpolished and
polished diamonds. |
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 : |
Regular |
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Litigation : |
Clear |
name & address
Minestar Bvba
Hoveniersstraat 12
2018 ANTWERPEN
Tel. : +31 (0)3-2330666
Fax. : +31 (0)3-2330666
Legal status
Private
limited company
Founded
17/02/1999
as BVBA
Trade register
52333448
Capital
nominal EUR 18.600,--
issued and paid up EUR 18.600,--
Management
Mr. Parikh Swate M,
Activity
Processing of and trade in unpolished and polished diamonds.
Staff
1 employee.
Net turnover:
2005 Euro 2.186.643
2004 Euro 1.785.566
2003 Euro 1.483.723
Real estate
The business premises at the mentioned address has been rented by the
company, as far as we know.
See
balance sheet
Remarks
Net
result:
2005 Euro
2.694
2004 Euro 663
2003 Euro 175
The shareholders equity was as of:
31/12/2005 Euro 30.259
31/12/2004 Euro 27.565
31/12/2003 Euro 26.902
The working capital was as of:
31/12/2005 Euro
(27.974)
31/12/2004 Euro
(32.965)
31/12/2003 Euro
(40.566)
Bankers : Antwerpse Diamantbank
The administration is done by:
Panis, Hendrickx & Co., Hoveniersstraat 40, bus 2, Antwerpen
Banks
not
known
VAT-nr.
BE465467564
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 :
Minestar Bvba
Hoveniersstraat 12, 2018 ANTWERPEN
Trade register 52333448
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Minestar Bvba ***
BALANCE SHEET ***
Corporate in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible assets 0 0
Tangible assets 60.530 58.233
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 60.530 58.233
Stock 572.381 296.745
Receivables 279.005 480.302
Shares 0 0
Liquid assets 224.263 402.057
Miscellaneous current assets 0 0
Total current assets 1.075.649 1.179.104
Shareholders equity 27.565 30.259
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 1.108.614 1.207.078
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 1.136.179 1.237.337
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Minestar Bvba ***
PROFIT & LOSS ACCOUNT ***
Corporate in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Turnover 1.785.566 2.186.643
Other income 0 0
Total expenses 1.841.986 2.117.325
Operating profit -56.420 69.318
Balance financial P/L 58.249 -66.472
Net profit/loss 1] 1.829 2.846
Taxation 1.166 1.518
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 663 1.328
Balance extraordinary P/L 0 1.366
Taxation 0 0
Extraordinary P/L 2] 0 1.366
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 663 2.694
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Legend : 1] = Before tax
2]
= After tax
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Minestar Bvba *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity gearing 2,4 2,4
Equity/outside capital 2,5 2,5
LIQUIDITY
Current ratio 1 1
Acid test 0,5 0,7
RATES OF RETURN %
Total assets 0,2 0,2
Shareholders equity 6,6 9,4
Pre tax margin % 0,1 0,1
Turnover rate 157,2 176,7
(x
1) (x 1)
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Working capital -32.965 -27.974
Shareholders equity + Equalization acc. 27.565 30.259
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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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