MIRA
INFORM REPORT
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Report Date : |
15.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
WORLD
SHINER BELGIUM |
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Registered Office : |
Hoveniersstraat 30 B.122, 2018 Antwerpen Be |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
18 November 2004 |
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Com. Reg. No.: |
85806 |
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Legal Form : |
Private Company
With Limited Liability |
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Line of Business : |
Wholesale 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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Maximum Credit Limit : |
5500 EUR |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name & address
WORLD SHINER BELGIUM
HOVENIERSSTRAAT
30 B.122
2018 ANTWERPEN BE
Tel. Number : +32-3-2264807
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Business founded |
18 November 2004 |
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Business
registered |
18 November 2004
- Private company with limited liability |
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Business last
updated |
31 December 2005 |
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Registration
number, |
85806, KBO - BCE,
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Value Added Tax
number, |
BE870281030, |
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Judicial form |
Private company with
limited liability |
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Activities |
Wholesale of
miscellaneous intermediate products |
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Payment
experience |
no complaints
have been registered |
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Credit opinion |
Credit opinion |
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Maximum credit
limit 5500 EUR is advised |
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Cash situation (balance
sheet analysis) : Very good |
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Profitability
(balance sheet analysis) : Nil |
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Commitments
(regarding contractual obligations) : Currently fulfilled |
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Payment
defaults : None |
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Total share
capital31 December 2005 |
EUR 18600,00 |
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Bank |
DEXIA BANK
BELGIUM |
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Boardmembers |
SHAH SANKET
KIRITKUMAR Manager |
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WORLD SHINER SL
Manager |
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Management |
WORLD SHINER SL
Partner |
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ZAVERY SHILANK
RAJANIKANT Partner |
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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 2005 in
EUR 394.965,00 |
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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 2005 in EUR |
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Total assets
incl. prepaid expenses and accrued income |
673.266,- |
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Total fixed
assets |
3.196,- |
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Total tangible
fixed assets |
3.196,- |
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Plant, machinery
and equipment |
3.196,- |
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Total Current
assets |
670.070,- |
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Inventories and
work in progress (incl. prepayments) |
262.775,- |
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Accounts
receivable (trade) |
398.061,- |
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Cash in hand and
at bank |
8.806,- |
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Total accrued
income and prepaid expenses |
428,- |
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Total equity,
provisions, liabilities, accrued expenses and deferred income |
673.266,- |
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Total equity
(Shareholders' funds) |
19.485,- |
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Issued
(subscribed) capital |
18.600,- |
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Profit reserves |
835,- |
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Legal reserves |
50,- |
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Total liabilities |
653.781,- |
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Total current
liabilities |
653.781,- |
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Current accounts
payable (trade) |
652.881,- |
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Income and social
tax liabilities |
500,- |
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PER, period that the
financial account covers for not consolidated profit and loss
account.: 00 0000 - 31 December 2005 in EUR |
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Main revenue
(sales/turnover) |
394.965,- |
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Cost of goods
sold (operational format) |
388.965,- |
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Depreciation |
69,- |
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Operating profit
or loss |
6.000,- |
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Financial income |
2.561,- |
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Financial
expenses |
-7.175,- |
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Result of
ordinary operations |
1.386,- |
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Extraordinary
result |
1.386,- |
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Taxes |
-501,- |
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Net profit or
loss |
885,- |
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Borrowing ratio |
3355,30 % |
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Current ratio |
102,49 % |
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Profit margin. |
1,53 % |
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Quick ratio |
62,23 % |
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Return on assets |
1,28 % |
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Return on equity. |
4,54 % |
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Solidity or
equity ratio |
2,89 % |
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%)