MIRA
INFORM REPORT
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Report Date : |
30.10.2007 |
IDENTIFICATION
DETAILS
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Name : |
Kiran Exports Bvba |
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Registered Office : |
Hoveniersstraat 30, 2018 ANTWERPEN |
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Country : |
Belgium |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
23/07/1996 |
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Legal Form : |
Private / limited under Belgian law |
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Line of Business : |
Processing
of precious stones. |
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 : |
No Complaints |
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Litigation : |
Clear |
name & address
Kiran Exports Bvba
Hoveniersstraat 30
2018 ANTWERPEN
Tel.: + 32
(0)3-2186177
Legal
status
BVBA – Private / limited
under Belgian law.
Founded
23/07/1996 as BVBA
Trade
register
52317534
Capital
Nominal EUR 4.100.000,--
Issued/paid up EUR
4.100.000,--
Board
member
LAKHANI Vimal
Management
PATEL Bharatkumar B.
PATEL B.Bhavanbhai
Activity
Processing of
precious stones.
Staff
3 employees
Turnover
Net turnover:
2006 Euro 51.388.005
2005 Euro 57.410.008
2004 Euro 28.964.595
Real estate
Unknown
Finances
See balance sheet
Remarks
Previous name of the
company:
-Vimdiam
Net result:
2006 Euro 88.002
2005 Euro 85.994
2004 Euro 37.830
The shareholders equity was as of:
31/03/2006 Euro 311.007
30/09/2005 Euro 223.005
30/09/2004 Euro 136.197
The working capital was as of:
31/03/2006 Euro 202.009
30/09/2005 Euro 102.976
30/09/2004 Euro 80.048
Other bankers:
Antwerpse
Diamantbank
Previous name:
VIMDIAM
Banks
ABN-AMRO NV
VAT-nr.
BE458428037
Mode
of payment
No complaints have been
registered
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from the corporate balance sheet
of :
Kiran Exports Bvba
Hoveniersstraat 30, 2018 ANTWERPEN
Trade register 52317534
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Kiran Exports Bvba ***
BALANCE SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---30-09-2005--- ------31-03-2006---
Intangible assets 0 0
Tangible assets 384.012 373.005
Financial assets 992 992
Miscellaneous fixed assets 0 0
Total fixed
assets 385.003 373.997
Stock 5.001.004 5.336.007
Receivables 17.277.980 30.679.997
Shares 0 0
Liquid assets 23.005 15.989
Miscellaneous current assets 0 0
Total current
assets 22.301.989 36.031.993
Shareholders
equity 223.005 311.007
Provisions 0 0
Long-term liabilities 264.998 264.998
Current liabilities 22.199.013 35.829.984
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 22.687.017 36.406.015
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Kiran Exports Bvba *** PROFIT & LOSS ACCOUNT ***
Corporate in Euro(x
1) Euro(x 1)
---30-09-2005--- ------31-03-2006---
Turnover 57.410.008 51.388.005
Other income 0 0
Total expenses 57.003.016 50.791.995
Operating profit 406.992 596.010
Balance financial P/L -281.012 -467.007
Net profit/loss 1] 126.004 129.004
Taxation 40.010 41.002
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 85.994 88.002
Balance extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L 2] 0 0
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 85.994 88.002
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Legend : 1]
= Before tax
2]
= After tax
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Kiran Exports
Bvba *** FINANCIAL RATIOS ***
-----2005----- -----2006-----
EQUITY %
Equity gearing 1 0,9
Equity/outside
capital 1 0,9
LIQUIDITY
Current ratio 1 1
Acid test 0,8 0,9
RATES OF RETURN %
Total assets 0,6 0,4
Shareholders equity 56,5 41,5
Pre tax margin % 0,2 0,3
Turnover rate 253,1 141,2
(x 1) (x 1)
-------------------- --------------------
Working capital 102.976 202.009
Shareholders equity + Equalization acc. 223.005 311.007
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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. |
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%)