MIRA
INFORM REPORT
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Report Date : |
05.09.2007 |
IDENTIFICATION DETAILS
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Name : |
SHAILEY GEMS |
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Registered Office : |
Hoveniersstraat
53 B.98, 2018 Antwerpen Be |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
06 October 2000 |
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Com. Reg. No.: |
341419 |
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
SHAILEY GEMS
HOVENIERSSTRAAT 53
B.98
2018 ANTWERPEN BE
Tel. Number +32-3-2329951
Fax number +32-3-2329951
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Business founded |
06 October 2000 |
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Business registered |
06 November 2000 - Private
company with limited liability |
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Registration number, |
341419, ANTWERPEN, |
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VAT number, |
BE473008523, |
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Legal 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 |
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Cash situation (balance
sheet analysis) : Limited |
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Profitability (balance
sheet analysis) : Low |
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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 2006 |
EUR 20000,00 |
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Bank |
DEXIA BANK |
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Boardmembers |
SHAH DIVJASH Manager |
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Management |
SHAH DIVJASH Partner |
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SHAH HEENA DIVYESH 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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Turnover for the period: 00 0000 - 31 December 2006 in
EUR 3.615.323,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 31 December
2006 in EUR |
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Total assets incl. prepaid expenses and accrued income |
1.794.565,- |
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Total fixed assets |
115.672,- |
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Total tangible fixed assets |
115.382,- |
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Land and buildings |
110.407,- |
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Total financial fixed assets |
290,- |
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Total Current assets |
1.678.893,- |
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Inventories and work in progress (incl. prepayments) |
885.639,- |
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Accounts receivable (trade) |
754.325,- |
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Cash in hand and at bank |
38.929,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
1.794.565,- |
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Total equity (Shareholders' funds) |
56.645,- |
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Issued (subscribed) capital |
20.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried forward |
34.645,- |
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Total liabilities |
1.737.920,- |
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Total long-term liabilities |
15.088,- |
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Total current liabilities |
1.722.832,- |
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Current accounts payable (trade) |
1.090.118,- |
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Current liabilities to credit institutions |
18,- |
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Income and social tax liabilities |
235,- |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2006 in EUR |
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Main revenue (sales/turnover) |
3.615.323,- |
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Cost of goods sold (operational format) |
3.599.840,- |
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Depreciation |
8.202,- |
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Operating profit or loss |
15.483,- |
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Financial income |
1.584,- |
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Financial expenses |
7.272,- |
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Result of ordinary operations |
9.795,- |
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Extraordinary result |
9.795,- |
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Taxes |
2.617,- |
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Net profit or loss |
7.178,- |
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Borrowing ratio |
3068,09 % |
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Current ratio |
97,44 % |
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Debt gearing |
26,64 % |
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Profit margin. |
0,65 % |
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Quick ratio |
46,04 % |
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Return on assets |
1,40 % |
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Return on equity. |
12,67 % |
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Solidity or equity ratio |
3,15 % |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 4.615.440,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 31 December 2005
in EUR |
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Total assets incl. prepaid expenses and accrued income |
2.691.839,- |
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Total fixed assets |
123.874,- |
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Total tangible fixed assets |
123.584,- |
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Land and buildings |
114.338,- |
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Total financial fixed assets |
290,- |
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Total Current assets |
2.567.965,- |
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Inventories and work in progress (incl. prepayments) |
1.628.634,- |
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Accounts receivable (trade) |
821.494,- |
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Investments (short-term) |
77.138,- |
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Cash in hand and at bank |
40.699,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
2.691.839,- |
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Total equity (Shareholders' funds) |
49.467,- |
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Issued (subscribed) capital |
20.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried forward |
27.467,- |
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Total liabilities |
2.642.372,- |
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Total long-term liabilities |
30.764,- |
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Total current liabilities |
2.611.388,- |
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Current accounts payable (trade) |
1.877.662,- |
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Current liabilities to credit institutions |
103.018,- |
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Income and social tax liabilities |
1.230,- |
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Total accrued expenses and deferred income |
220,- |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2005 in EUR |
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Main revenue (sales/turnover) |
4.615.440,- |
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Cost of goods sold (operational format) |
4.591.110,- |
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Depreciation |
8.202,- |
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Operating profit or loss |
24.331,- |
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Financial income |
565,- |
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Financial expenses |
-15.255,- |
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Result of ordinary operations |
9.641,- |
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Extraordinary result |
9.641,- |
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Taxes |
-1.848,- |
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Net profit or loss |
7.793,- |
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Borrowing ratio |
5341,69 % |
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Current ratio |
98,32 % |
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Debt gearing |
62,19 % |
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Profit margin. |
0,70 % |
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Quick ratio |
35,97 % |
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Return on assets |
1,22 % |
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Return on equity. |
15,75 % |
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Solidity or equity ratio |
1,83 % |
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Turnover for the period: 00 0000 - 31 December 2004 in
EUR 3.104.773,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 31 December 2004
in EUR |
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Total assets incl. prepaid expenses and accrued income |
1.065.438,- |
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Total fixed assets |
130.060,- |
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Total tangible fixed assets |
129.770,- |
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Land and buildings |
116.253,- |
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Total financial fixed assets |
290,- |
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Total Current assets |
935.378,- |
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Inventories and work in progress (incl. prepayments) |
125.302,- |
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Accounts receivable (trade) |
687.093,- |
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Cash in hand and at bank |
122.983,- |
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Total equity, provisions, liabilities, accrued expenses and deferred income |
1.065.438,- |
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Total equity (Shareholders' funds) |
41.674,- |
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Issued (subscribed) capital |
20.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried forward |
19.674,- |
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Total liabilities |
1.023.764,- |
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Total long-term liabilities |
45.659,- |
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Total current liabilities |
977.938,- |
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Current accounts payable (trade) |
351.313,- |
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Current liabilities to credit institutions |
73.416,- |
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Income and social tax liabilities |
1.544,- |
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Total accrued expenses and deferred income |
167,- |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2004 in EUR |
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Main revenue (sales/turnover) |
3.104.773,- |
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Cost of goods sold (operational format) |
3.088.069,- |
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Depreciation |
6.469,- |
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Operating profit or loss |
16.704,- |
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Financial income |
241,- |
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Financial expenses |
-12.865,- |
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Result of ordinary operations |
4.080,- |
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Extraordinary result |
4.080,- |
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Taxes |
-1.614,- |
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Net profit or loss |
2.466,- |
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Borrowing ratio |
2456,60 % |
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Current ratio |
95,63 % |
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Debt gearing |
109,56 % |
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Profit margin. |
0,74 % |
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Quick ratio |
82,83 % |
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Return on assets |
2,19 % |
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Return on equity. |
5,91 % |
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Solidity or equity ratio |
3,91 % |
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%)