MIRA
INFORM REPORT
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Report Date : |
14th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
ROSY BLUE NV |
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Registered Office : |
Hoveniersstraat 53-B-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 : |
01/11/1973 |
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Legal Form : |
NV Public limited company [nat. law] |
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Line of Business : |
Ø Engaged in trading of jewelry. Ø Investment
and loan company. |
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
Rosy Blue NV
Hoveniersstraat 53-B-12
2018 ANTWERPEN
Tel.:+31 (0)3-2061600
Fax.:+31 (0)3-2061601
Legal status
NV Public limited company [nat. law]
Founded
01/11/1973 as P.l.c.
Trade register
52195638
Capital
Nominal EUR 21.995.000,--
Issued and paid up EUR 21.995.000,--
Management
DI MEHTA S. BHANSALI Amit B.
Activity
Investment and loan company. Trade in jewelry.
Staff
41 employees
Turnover
Net turnover:
2005 Euro 1.435.830.009
2004 Euro 1.449.846.009
2003 Euro 1.475.907.005
Real estate The business premises at the mentioned address has been rented by the company, as far as we know.
Finances
See balance sheet
2005 Euro 1.403.995
2004 Euro 1.052.011
2003 Euro 1.268.000
The shareholders equity was as of:
31/12/2005 Euro 22.965.005
31/12/2004 Euro 22.862.005
31/12/2003 Euro 22.809.005
The working capital was as of:
31/12/2005 Euro 192.119.985
31/12/2004 Euro 163.281.987
31/12/2003 Euro 163.515.007
Directors
Metha S.
Bhansali Amit B
Bankers:
Antwerpse Diamantbank
Website : http:/www.rosyblue.com/
Previous address:
Hoveniersstraat 9 2018 ANTWERPEN
Subsidary:
M 2 F Jewelry Company
Correspondence address:
PO box 127 Diamond Exchange Bldg
2018 Antwerp
VAT-nr.
BE413178230
Mode of payment
On average 15 days beyond terms.
Credit demand
No objections against entering into a business relationship.
The following financial data is retrieved from the corporate balance
sheet of :
Rosy Blue NV
Hoveniersstraat 53-B-12, 2018
ANTWERPEN
Trade register 52195638
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BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible assets 85.994 2.916.988
Tangible assets 5.463.003 8.287.006
Financial assets 1.061.009 1.411.010
Miscellaneous fixed assets 0 0
Total
fixed assets 6.610.006 12.615.004
Stock 0 0
Receivables 292.521.994 363.390.985
Shares 0 0
Liquid assets 2.647.999 2.665.004
Miscellaneous current assets 0 0
Total current assets 295.169.993 366.055.989
Shareholders equity 22.862.005 22.965.005
Provisions 0 4.424.007
Long-term liabilities 147.029.988 177.346.002
Current liabilities 131.888.006 173.936.004
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 301.779.999 374.247.011
PROFIT & LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Turnover 1.449.846.009 1.435.830.009
Other income 1.739.989 38.438.990
Total expenses 1.436.405.990 1.458.770.002
Operating profit 15.180.008 15.498.997
Balance financial P/L -13.706.999 -13.278.986
Net profit/loss 1] 1.473.008 2.220.010
Taxation 661.008 821.990
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 812.000 1.398.020
Balance extraordinary P/L 240.011 5.999
Taxation 0 0
Extraordinary P/L 2] 240.011 5.999
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 1.052.011 1.403.995
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2004----- -----2005-----
EQUITY %
Equity gearing 7,6 6,1
Equity/outside capital 8,2 6,5
LIQUIDITY
Current ratio 2,2 2,1
Acid test 2,2 2,1
RATES OF RETURN %
Total assets 0,5 0,6
Shareholders equity 6,4 9,7
Pre tax margin % 0,1 0,2
Turnover rate 480,4 379,2
(x
1) (x 1)
-------------------- --------------------
Working capital 163.281.987 192.119.985
Shareholders equity + Equalization acc. 22.862.005 22.965.005
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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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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%)