MIRA INFORM REPORT

 

 

Report Date :

22.05.2007

 

IDENTIFICATION DETAILS

 

Name :

M. RAJESH

 

 

Registered Office :

Hoveniersstraat 30 B.231, 2018 Antwerpen Be

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

01 March 1994

 

 

Com. Reg. No.:

301866

 

 

Legal Form :

Single member private limited company

 

 

Line of Business :

Wholesale of miscellaneous intermediate products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

34500 EUR

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

M. RAJESH

HOVENIERSSTRAAT 30 B.231

2018 ANTWERPEN BE

Tel. Number   +32-3-2327108

 

 

Business founded

01 March 1994

Business registered

09 March 1994 - Single member private limited company

Registration number,

301866, ANTWERPEN,

VAT number,

BE452095224,

Legal form

Single member private limited company

Activities

Wholesale of miscellaneous intermediate products

Payment experience

Nothing to report

Credit opinion

Credit opinion

 

Maximum credit limit 34500 EUR is advised

 

Cash situation (balance sheet analysis) : Good 

 

Profitability (balance sheet analysis) : Low 

 

Commitments (regarding contractual obligations) : Completely fulfilled 

 

Payment defaults : None 

Total share capital31 December 2005

EUR 18600,00

Branch office(s)

KRUISHOFSTRAAT 203,2610 WILRIJK   

Bank

BANQUE DIAMANTAIRE ANVERSOISE   

Boardmembers

BHANSALI SAMIR JAYANTILAL    Manager

 

DETROJA RAJESKHUMAR RANCHHODBHAI    Manager

Management

ASODERIA PARSOTTAM    Partner

 

 

 

 

 

The business owns or partly owns one or more pieces of land and buildings?  Yes(Property) 

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 0,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

3.982.186,-

Total fixed assets

24.051,-

Total tangible fixed assets

24.051,-

Plant, machinery and equipment

5.039,-

Total Current assets

3.958.135,-

Inventories and work in progress (incl. prepayments)

450.348,-

Accounts receivable (trade)

3.502.123,-

Cash in hand and at bank

5.664,-

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

3.982.186,-

Total equity (Shareholders' funds)

131.028,-

Issued (subscribed) capital

18.600,-

Profit reserves

110.568,-

Legal reserves

1.860,-

Total liabilities

3.851.158,-

Total current liabilities

3.851.158,-

Current accounts payable (trade)

3.086.490,-

Income and social tax liabilities

13.213,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2005  in  EUR 

Cost of goods sold (operational format)

5.871,-

Depreciation

4.734,-

Operating profit or loss

145.291,-

Financial expenses

-55.142,-

Result of ordinary operations

90.149,-

Extraordinary result

90.149,-

Taxes

-33.213,-

Net profit or loss

56.936,-

Borrowing ratio

2939,19 %

Current ratio

102,77 %

Quick ratio

91,08 %

Return on assets

3,76 %

Return on equity.

43,45 %

Solidity or equity ratio

3,29 %

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 0,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2004  in  EUR 

Total assets incl. prepaid expenses and accrued income

2.892.902,-

Total fixed assets

7.884,-

Total tangible fixed assets

7.884,-

Plant, machinery and equipment

1.640,-

Total Current assets

2.885.018,-

Inventories and work in progress (incl. prepayments)

223.314,-

Accounts receivable (trade)

2.575.256,-

Cash in hand and at bank

86.448,-

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

2.892.902,-

Total equity (Shareholders' funds)

74.092,-

Issued (subscribed) capital

18.600,-

Profit reserves

53.633,-

Legal reserves

1.859,-

Total liabilities

2.818.810,-

Total current liabilities

2.818.810,-

Current accounts payable (trade)

2.808.254,-

Current liabilities to credit institutions

1.040,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2004  in  EUR 

Cost of goods sold (operational format)

2.898,-

Depreciation

882,-

Operating profit or loss

168.919,-

Financial expenses

-62.141,-

Result of ordinary operations

106.778,-

Extraordinary result

106.778,-

Taxes

-25.000,-

Net profit or loss

81.778,-

Borrowing ratio

3804,47 %

Current ratio

102,34 %

Quick ratio

94,42 %

Return on assets

5,86 %

Return on equity.

110,37 %

Solidity or equity ratio

2,56 %

 

Turnover for the period: 00 0000 - 31 December 2003  in  EUR 0,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2003  in  EUR 

Total assets incl. prepaid expenses and accrued income

1.830,-

Total Current assets

1.830,-

Accounts receivable (trade)

812,-

Cash in hand and at bank

1.018,-

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

1.830,-

Total equity (Shareholders' funds)

-7.686,-

Issued (subscribed) capital

18.600,-

Legal reserves

1.859,-

Profit or loss carried forward

-28.145,-

Total liabilities

9.516,-

Total current liabilities

9.516,-

Current accounts payable (trade)

915,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2003  in  EUR 

Borrowing ratio

-123,81 %

Current ratio

19,23 %

Debt gearing

-0,00 %

Quick ratio

19,23 %

Solidity or equity ratio

-420,00 %

 

 

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