MIRA INFORM REPORT

 

 

Report Date :

26.03.2007

 

IDENTIFICATION DETAILS

 

Name :

UNIQUE COLOR GEMS

 

 

Registered Office :

Schupstraat 9 11, 2018 Antwerpen Be

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

26 August 1991

 

 

Com. Reg. No.:

285098

 

 

Legal Form :

Private company with limited liability

 

 

Line of Business :

Wholesale of miscellaneous intermediate products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Small Concern

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

name & address

 

UNIQUE COLOR GEMS

SCHUPSTRAAT 9 11

2018 ANTWERPEN BE

Tel. Number  +32-3-2342552

Fax number   +32-3-2342552

 

Business founded

26 August 1991

Business registered

12 September 1991 - Private company with limited liability

Business last updated

31 December 2005

Registration number,

285098, ANTWERPEN,

Value Added Tax number,

BE444918808,

Judicial form

Private company with limited lability

Activities

Wholesale of miscellaneous intermediate products

Payment experience

To be monitored („a surveiller“)

Credit opinion

Credit opinion

 

Based on the available details we recommend you to deal on fully secured terms only and to monitor the developments

 

Cash situation (balance sheet analysis) : Normal 

 

Profitability (balance sheet analysis) : Very good 

 

Commitments (regarding contractual obligations) : Fulfilled with difficulties 

 

Payment defaults : Rare 

Employees (Business)

 0

Total share capital31 December 2005

EUR 18600,00

Branch office(s)

SCHUPSTRAAT 9 11,2018 ANTWERPEN   

Bank

BANQUE DIAMANTAIRE ANVERSOISE   

Boardmembers

JAJOO JAI    Manager

 

JAJOO AJAY    Manager

 

 

 

 

 

 

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 733.520,00

 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

1.749.991,-

Total fixed assets

822,-

Total tangible fixed assets

401,-

Total financial fixed assets

421,-

Total Current assets

1.749.169,-

Inventories and work in progress (incl. prepayments)

1.276.649,-

Accounts receivable (trade)

374.528,-

Cash in hand and at bank

97.870,-

Total accrued income and prepaid expenses

122,-

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

1.749.991,-

Total equity (Shareholders' funds)

-51.997,-

Issued (subscribed) capital

18.600,-

Profit reserves

5.942,-

Legal reserves

1.859,-

Profit or loss carried forward

-78.398,-

Total liabilities

1.801.988,-

Total current liabilities

1.801.988,-

Current accounts payable (trade)

1.378.890,-

Income and social tax liabilities

1.926,-

 

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)

733.520,-

Cost of goods sold (operational format)

645.913,-

Personnel costs

13.897,-

Depreciation

963,-

Operating profit or loss

87.858,-

Financial income

234.767,-

Financial expenses

-338.197,-

Result of ordinary operations

-15.572,-

Extraordinary result

-15.572,-

Net profit or loss

-15.572,-

Borrowing ratio

-3465,56 %

Current ratio

97,06 %

Debt gearing

-0,00 %

Profit margin.

14,59 %

Quick ratio

26,21 %

Return on assets

19,53 %

Return on equity.

29,94 %

Solidity or equity ratio

-2,97 %

 

PER, period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2004  in  EUR 1.357.772,00

 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

1.065.458,-

Total fixed assets

1.785,-

Total tangible fixed assets

1.364,-

Plant, machinery and equipment

883,-

Total financial fixed assets

421,-

Total Current assets

1.063.673,-

Inventories and work in progress (incl. prepayments)

459.338,-

Accounts receivable (trade)

479.794,-

Cash in hand and at bank

124.350,-

Total accrued income and prepaid expenses

191,-

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

1.065.458,-

Total equity (Shareholders' funds)

-36.425,-

Issued (subscribed) capital

18.600,-

Profit reserves

5.942,-

Legal reserves

1.859,-

Profit or loss carried forward

-62.826,-

Total liabilities

1.101.883,-

Total current liabilities

1.101.883,-

Current accounts payable (trade)

712.102,-

Income and social tax liabilities

1.109,-

 

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)

1.357.772,-

Cost of goods sold (operational format)

1.401.402,-

Personnel costs

33.398,-

Depreciation

1.045,-

Operating profit or loss

-41.107,-

Financial income

405.820,-

Financial expenses

-334.717,-

Result of ordinary operations

29.996,-

Extraordinary result

29.996,-

Taxes

2.024,-

Net profit or loss

32.020,-

Borrowing ratio

-3025,07 %

Current ratio

96,53 %

Debt gearing

-0,00 %

Profit margin.

-1,78 %

Quick ratio

54,82 %

Return on assets

35,81 %

Return on equity.

-87,90 %

Solidity or equity ratio

-3,41 %

 

PER, period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2003  in  EUR 848.710,00

 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

1.074.214,-

Total fixed assets

2.830,-

Total tangible fixed assets

2.409,-

Plant, machinery and equipment

1.766,-

Total financial fixed assets

421,-

Total Current assets

1.071.384,-

Inventories and work in progress (incl. prepayments)

210.310,-

Accounts receivable (trade)

548.539,-

Cash in hand and at bank

312.210,-

Total accrued income and prepaid expenses

325,-

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

1.074.214,-

Total equity (Shareholders' funds)

-68.445,-

Issued (subscribed) capital

18.592,-

Profit reserves

5.950,-

Legal reserves

1.859,-

Profit or loss carried forward

-94.846,-

Total liabilities

1.142.659,-

Total current liabilities

1.140.718,-

Current accounts payable (trade)

690.170,-

Income and social tax liabilities

4.401,-

Total accrued expenses and deferred income

1.941,-

 

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)

848.710,-

Cost of goods sold (operational format)

971.063,-

Personnel costs

27.102,-

Depreciation

1.337,-

Operating profit or loss

-111.447,-

Financial income

729.385,-

Financial expenses

-630.435,-

Result of ordinary operations

-12.497,-

Extraordinary result

-12.497,-

Taxes

-2,-

Net profit or loss

-12.499,-

Borrowing ratio

-1669,46 %

Current ratio

93,76 %

Debt gearing

-0,00 %

Profit margin.

-10,96 %

Quick ratio

75,45 %

Return on assets

59,23 %

Return on equity.

18,26 %

Solidity or equity ratio

-6,37 %

 

 

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

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions