MIRA
INFORM REPORT
|
Report Date : |
05.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
Rosy Blue Nv |
|
|
|
|
Registered Office : |
Hoveniersstraat 53B 127, 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
01/11/1973 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Investment and loan company. Trade in jewelry. |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Average 5 days beyond terms |
|
|
|
|
Litigation : |
Clear |
name & address
Rosy Blue Nv
Hoveniersstraat
53B 127
2018 ANTWERPEN
Tel.:+32
(0)3-2061600
Fax.:+32
(0)3-2061601
Legal status
NV Public limited company
[nat. law]
Founded
01/11/1973 as P.l.c.
Trade register
52195638
Capital
Nominal EUR 21.995.000,--
Issued/paid up EUR 21.995.000,--
Management
Rajkumar Mehta
Rajesh Mehta
P. Mehta
Dilipkumar R. Mehta
Amit B. Bhansali
Activity
Investment and loan
company. Trade in jewelry.
Staff
20 employees
Net turnover:
2006 Euro 1.246.507.007
2005 Euro 1.435.830.009
2004 Euro 1.449.846.009
Real estate
Unknown.
See balance sheet
Remarks
Net result:
2006 Euro 920.999
2005 Euro 1.403.995
2004 Euro 1.052.011
The
shareholders equity was as of:
31/12/2006 Euro 22.986.001
31/12/2005 Euro 22.965.005
31/12/2004 Euro 22.862.005
The working
capital was as of:
31/12/2006 Euro 188.861.003
31/12/2005 Euro 192.119.985
31/12/2004 Euro 163.281.987
Directors:
Metha S.
Bhansali Amit B
Bankers:
Antwerpse Diamantbank
Website : http:/www.rosyblue.com/
Previous address:
Hoveniersstraat 9 2018 ANTWERPEN
Subsidary:
M
Correspondence address:
2018
Banks
not known
VAT-nr.
BE413178230
Mode of payment
On average 5 days beyond
terms.
Credit demand
No objections against
entering into a business relationship.
The following financial data is retrieved from the
corporate balance sheet of :
Rosy Blue Nv
Hoveniersstraat 53B
127, 2018 ANTWERPEN
Trade register 52195638
----------------------------------------------------------------------------
Rosy Blue Nv *** BALANCE SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 2.916.988 2.223.010
Tangible assets 8.287.006 8.344.988
Financial assets 1.411.010 1.629.008
Miscellaneous fixed assets 0 0
Total fixed
assets 12.615.004 12.197.006
Stock 0 0
Receivables 363.390.985 346.993.993
Shares 0 0
Liquid assets 2.665.004 22.162.995
Miscellaneous current assets 0 0
Total current
assets 366.055.989 369.156.988
Shareholders
equity 22.965.005 22.986.001
Provisions 4.424.007 4.424.007
Long-term liabilities 177.346.002 173.648.001
Current liabilities 173.936.004 180.295.985
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 374.247.011 376.930.012
----------------------------------------------------------------------------
Rosy Blue Nv *** PROFIT & LOSS ACCOUNT ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 1.435.830.009 1.246.507.007
Other income 38.438.990 38.619.010
Total expenses 1.458.770.002 1.266.061.988
Operating profit 15.498.997 19.064.004
Balance financial P/L -13.278.986 -18.562.986
Net profit/loss 1] 2.220.010 500.993
Taxation 821.990 174.988
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 1.398.020 326.005
Balance extraordinary P/L 5.999 595.019
Taxation 0 0
Extraordinary P/L 2] 5.999 595.019
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 1.403.995 920.999
-----------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
-----------------------------------------------------------------------------------
Rosy Blue Nv
*** FINANCIAL RATIOS ***
-----2005----- -----2006-----
EQUITY %
Equity gearing 6,1 6
Equity/outside capital 6,5 6,4
LIQUIDITY
Current ratio 2,1 2
Acid test 2,1 2
RATES OF RETURN %
Total assets 0,6 0,1
Shareholders
equity 9,7 2,2
Pre tax margin
% 0,2 0
Turnover rate 379,2 326,9
(x
1) (x 1)
-------------------- --------------------
Working capital 192.119.985 188.861.003
Shareholders
equity + Equalization acc. 22.965.005 22.986.001
-----------------------------------------------------------------------------------
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. |
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%)