MIRA
INFORM REPORT
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Report Date : |
14th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
TARANA GEMS |
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Registered Office : |
Hoveniersstraat
53 B.32, 2018 Antwerpen Be |
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Country : |
Belgium |
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Financials (as on) : |
31/12/2004 |
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Date of Incorporation : |
23.10.1990 |
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Com. Reg. No.: |
279278, ANTWERPEN |
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Legal Form : |
Private company
with limited liability |
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Line of Business : |
Wholesalers of
miscellaneous intermediate products |
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
TARANA GEMS
HOVENIERSSTRAAT 53 B.32
2018 ANTWERPEN BE
Tel. Number +32-3-2337088
Fax number +32-3-2312280
Business founded
26 September 1990
Business registered
23 October 1990 - Private company with limited liability
Business lastupdated
31 December 2004
Registration number
279278, ANTWERPEN
Value Added Tax number
BE441666734
Judicial form
Private company with limited liability
Activities
Wholesale of miscellaneous intermediate products
Payment experience
Cash payment advised
Credit opinion
Cash situation (balance sheet analysis) : Normal
Profitability (balance sheet analysis) : Medium
Commitments (regarding contractual obligations) : Currently fulfilled
Payment defaults : None
Employees (Business)
1 2
Total share capital
31 December 2004 EUR 18600,00
Branch office(s)
LANGE LEEMSTRAAT 2,2018 ANTWERPEN
Bank
BANQUE DIAMANTAIRE ANVERSOISE
Boardmembers
SHAH SWETA SAMIR Manager
SHAH SAMIR Manager
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The business owns or partly owns one or
more pieces of land and buildings? Yes(Property) |
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PER, period regarding TUn, TRn, TXn, CPI
or CPN: 00 0000 - 31 December 2004 in EUR 4.980.574,00 |
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Not consolidated profit and loss
turnover of the business: |
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PER, period that the financial account
covers for not consolidated balance sheet.: 00 0000 - 31 December 2004 in
EUR |
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Total assets incl.
prepaid expenses and accrued income |
1.462.787,- |
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Total fixed
assets |
124.851,- |
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Total tangible
fixed assets |
124.268,- |
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Land and
buildings |
67.963,- |
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Plant, machinery
and equipment |
9.513,- |
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Total financial
fixed assets |
583,- |
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Total Current
assets |
1.337.936,- |
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Inventories and
work in progress (incl. prepayments) |
428.829,- |
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Accounts
receivable (trade) |
892.236,- |
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Cash in hand and
at bank |
5.763,- |
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Total accrued
income and prepaid expenses |
11.108,- |
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Total equity,
provisions, liabilities, accrued expenses and deferred income |
1.462.787,- |
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Total equity
(Shareholders' funds) |
45.044,- |
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Issued
(subscribed) capital |
18.600,- |
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Profit reserves |
24.584,- |
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Legal reserves |
1.860,- |
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Total liabilities |
1.417.743,- |
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Total long-term
liabilities |
326.641,- |
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Long-term Loans,
Mortgage debts |
220.249,- |
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Total current
liabilities |
1.091.102,- |
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Current accounts
payable (trade) |
648.260,- |
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Current
liabilities to credit institutions |
395.093,- |
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Income and social
tax liabilities |
7.935,- |
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PER, period that the financial account
covers for not consolidated profit and loss account.: 00 0000 - 31
December 2004 in EUR |
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Main revenue
(sales/turnover) |
4.980.574,- |
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Cost of goods sold
(operational format) |
4.949.461,- |
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Personnel costs |
258,- |
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Depreciation |
8.130,- |
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Operating profit
or loss |
31.113,- |
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Financial income |
408.364,- |
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Financial
expenses |
-430.864,- |
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Result of
ordinary operations |
8.613,- |
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Extraordinary
income |
565,- |
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Extraordinary
result |
9.178,- |
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Taxes |
-3.400,- |
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Net profit or
loss |
5.778,- |
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Borrowing ratio |
3147,46 % |
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Current ratio |
122,62 % |
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Debt gearing |
725,16 % |
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Profit margin. |
0,78 % |
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Quick ratio |
82,30 % |
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Return on assets |
30,63 % |
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Return on equity. |
12,82 % |
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Solidity or
equity ratio |
3,07 % |
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PER, period regarding TUn, TRn, TXn, CPI
or CPN: 00 0000 - 31 December 2003 in EUR 2.729.740,00 |
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Not consolidated profit and loss turnover
of the business: |
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PER, period that the financial account
covers for not consolidated balance sheet.: 00 0000 - 31 December 2003 in
EUR |
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Total assets
incl. prepaid expenses and accrued income |
1.460.057,- |
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Total fixed
assets |
80.867,- |
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Total tangible
fixed assets |
80.284,- |
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Land and
buildings |
69.935,- |
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Plant, machinery
and equipment |
9.659,- |
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Total financial
fixed assets |
583,- |
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Total Current
assets |
1.379.190,- |
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Inventories and
work in progress (incl. prepayments) |
682.395,- |
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Accounts
receivable (trade) |
660.641,- |
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Cash in hand and
at bank |
28.623,- |
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Total accrued
income and prepaid expenses |
7.531,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
1.460.057,- |
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Total equity
(Shareholders' funds) |
39.266,- |
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Issued
(subscribed) capital |
18.592,- |
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Profit reserves |
18.815,- |
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Legal reserves |
1.859,- |
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Total liabilities |
1.420.791,- |
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Total long-term
liabilities |
314.296,- |
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Long-term Loans,
Mortgage debts |
237.530,- |
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Total current
liabilities |
1.106.495,- |
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Current accounts
payable (trade) |
828.933,- |
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Current
liabilities to credit institutions |
213.010,- |
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Income and social
tax liabilities |
5.723,- |
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PER, period that the financial account
covers for not consolidated profit and loss account.: 00 0000 - 31 December 2003 in
EUR |
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Main revenue
(sales/turnover) |
2.729.740,- |
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Cost of goods sold
(operational format) |
2.814.790,- |
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Personnel costs |
271,- |
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Depreciation |
4.032,- |
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Operating profit
or loss |
-85.050,- |
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Financial income |
443.903,- |
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Financial
expenses |
-347.714,- |
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Result of
ordinary operations |
11.139,- |
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Extraordinary
income |
1.449,- |
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Extraordinary
result |
12.588,- |
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Taxes |
-4.709,- |
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Net profit or
loss |
7.879,- |
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Borrowing ratio |
3618,37 % |
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Current ratio |
124,64 % |
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Debt gearing |
800,43 % |
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Profit margin. |
-2,96 % |
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Quick ratio |
62,29 % |
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Return on assets |
24,95 % |
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Return on equity. |
20,06 % |
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Solidity or
equity ratio |
2,68 % |
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PER, period regarding TUn, TRn, TXn, CPI
or CPN: 00 0000 - 31 December 2002 in EUR 1.990.199,00 |
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Not consolidated profit and loss turnover
of the business: |
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PER, period that the financial account
covers for not consolidated balance sheet.: 00 0000 - 31 December 2002 in
EUR |
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Total assets
incl. prepaid expenses and accrued income |
1.515.469,- |
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Total fixed
assets |
81.499,- |
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Total tangible
fixed assets |
80.916,- |
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Land and
buildings |
71.908,- |
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Plant, machinery
and equipment |
8.088,- |
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Total financial
fixed assets |
583,- |
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Total Current
assets |
1.433.970,- |
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Inventories and work
in progress (incl. prepayments) |
589.117,- |
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Accounts
receivable (trade) |
836.694,- |
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Cash in hand and
at bank |
674,- |
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Total accrued
income and prepaid expenses |
7.485,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
1.515.469,- |
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Total equity
(Shareholders' funds) |
31.387,- |
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Issued
(subscribed) capital |
18.592,- |
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Profit reserves |
10.936,- |
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Legal reserves |
1.859,- |
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Total liabilities |
1.484.082,- |
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Total long-term
liabilities |
80.646,- |
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Total current
liabilities |
1.403.332,- |
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Current accounts
payable (trade) |
920.582,- |
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Current
liabilities to credit institutions |
97.805,- |
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Income and social
tax liabilities |
2.023,- |
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Total accrued
expenses and deferred income |
104,- |
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PER, period that the financial account
covers for not consolidated profit and loss account.: 00 0000 - 31 December 2002 in
EUR |
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Main revenue
(sales/turnover) |
1.990.199,- |
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Cost of goods
sold (operational format) |
2.052.543,- |
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Depreciation |
4.610,- |
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Operating profit
or loss |
-56.553,- |
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Financial income |
209.000,- |
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Financial
expenses |
-147.734,- |
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Result of
ordinary operations |
4.713,- |
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Extraordinary
result |
4.713,- |
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Taxes |
-2.486,- |
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Net profit or
loss |
2.227,- |
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Borrowing ratio |
4728,33 % |
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Current ratio |
102,17 % |
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Debt gearing |
256,94 % |
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Profit margin. |
-2,60 % |
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Quick ratio |
59,66 % |
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Return on assets |
10,36 % |
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Return on equity. |
7,09 % |
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Solidity or
equity ratio |
2,07 % |
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%)