MIRA
INFORM REPORT
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Report Date : |
31.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
A.N. STAR BVBA |
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Registered Office : |
Schupstraat 1- 7 B8, 2018 Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
24.05.1995 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader in Polished and
Raw Diamonds, Precious Stones, Jewellery, Precious Metals and all Related
Articles |
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
A.N. Star Bvba
Schupstraat 1- 7
B8
2018 ANTWERPEN
Tel.:+32 (0)3-2266165
Legal
status
Private limited company
Founded
24/05/1995 as BVBA
Trade
register
52310202
Capital
nominal EUR 18.600,--
issued and paid up EUR 18.600,--
Management
Nilesh Dhirajal Jogani, Groenborgerlaan 117,
2610 Wilrijk
Manan Shreeprakash Shah, Belgielei 106, 2018
Antwerpen
Activity
The trade in
polished and raw diamonds, precious stones, jewellery, precious metals and all
related articles.
Staff
1 employee.
Turnover
Net turnover:
2006 Euro 7.620.733
2005 Euro 3.936.506
Real
estate
The business
premises at the mentioned address has been rented by the company, as far as we
know.
Finances
See balance sheet
Remarks
Net result:
2005 Euro 4.742
The shareholders equity was as
of:
31/12/2006 Euro 401.307
31/12/2005 Euro 21.741
The working capital was as of:
31/12/2006 Euro 400.292
31/12/2005 Euro 20.215
Stated phone number is registered under the name of
Manan Dimon BVBA, which is located at the same address.
Full address reads:
Schupstraat 1-7, bus 8,
2018 ANTWERPEN
Banks
not known
VAT-nr.
BE455271973
Mode
of payment
Within terms
Credit
demand
No objections against
entering into a business relationship.
The
following financial data is retrieved from the corporate balance sheet of
A.N. Star Bvba
Schupstraat
1- 7 B8, 2018 ANTWERPEN
Trade
register 52310202
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A.N. Star Bvba *** BALANCE SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 1.546 1.015
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 1.546 1.015
Stock 1.014.517 4.619.972
Receivables 1.569.870 2.102.834
Shares 0 0
Liquid assets 66.176 210.315
Miscellaneous current assets 3.040 4.855
Total current
assets 2.653.603 6.937.976
Shareholders
equity 21.741 401.307
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 2.633.388 6.537.684
Minority interests 0 0
Miscellaneous
liabilities 20 0
Total liabilities 2.655.149 6.938.991
PROFIT
& LOSS ACCOUNT
A.N. Star Bvba
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 3.936.506 7.620.733
Other income 0 0
Total expenses 3.806.202 7.577.074
Operating profit 130.304 43.659
Balance financial P/L -123.353 -24.071
Net profit/loss 1] 6.951 19.588
Taxation 2.209 19.588
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 4.742 0
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 4.742 0
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
A.N. Star
Bvba
-----2005----- -----2006-----
EQUITY %
Equity gearing 0,8 5,8
Equity/outside
capital 0,8 6,1
LIQUIDITY
Current ratio 1 1,1
Acid test 0,6 0,4
RATES OF RETURN %
Total assets 0,3 0,3
Shareholders equity 32 4,9
Pre tax
margin % 0,2 0,3
Turnover rate 148,3 109,8
(x
1) (x 1)
-------------------- --------------------
Working capital 20.215 400.292
Shareholders equity + Equalization acc. 21.741 401.307
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 42.49 |
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UK Pound |
1 |
Rs. 84.21 |
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Euro |
1 |
Rs. 66.33 |
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%)