MIRA
INFORM REPORT
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Report Date : |
29.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ANMOL GEMS BVBA |
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Registered Office : |
Hoveniersstraat 2 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 : |
01.01.1950 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trade in Diamonds and Precious Stones. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
Anmol Gems Bvba
Hoveniersstraat 2
2018 ANTWERPEN
Tel.:+32
(0)3-2337602
Fax.:+32
(0)3-2337602
Legal status
Private limited company
Founded
01/01/1950, BVBA since 06/03/1980
Trade register
99137979
Capital
Nominal EUR 19.000,--
Issued and paid up EUR 19.000,--
Management
Rajendra Jayantilal Kothari, Charlottalei
60, 2018 Antwerpen.
Activity
Trade in diamonds and precious stones.
Staff
1 employee.
Turnover
Net turnover:
2006 Euro 1.609.000
2005 Euro 4.826.000
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:
2006 Euro (31.000)
2005 Euro 11.000
The
shareholders equity was as of:
31/12/2006 Euro 800.000
31/12/2005 Euro 81.000
The working
capital was as of:
31/12/2006 Euro 1.107.000
31/12/2005 Euro 428.000
Full
address:
Hoveniersstraat
2 Bus 307 ADC Building Office 307, 2018 Antwerpen.
Bankers :
Antwerpse Diamantbank
Banks
Under remarks
VAT-nr.
BE420137979
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 :
Anmol Gems Bvba
BALANCE SHEET
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 77 73
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 77 73
Stock 1.882 2.261
Receivables 3.499 1.823
Shares 0 0
Liquid assets 649 940
Miscellaneous current assets 4 3
Total current assets 6.034 5.027
Shareholders
equity 81 800
Provisions 0 0
Long-term liabilities 424 380
Current liabilities 5.606 3.920
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 6.111 5.100
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Turnover 4.826 1.609
Other income 6 0
Total expenses 4.691 1.596
Operating profit 141 13
Balance financial P/L -125 -10
Net profit/loss 1] 16 3
Taxation 5 34
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 11 -31
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 11 -31
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 1,3 15,7
Equity/outside
capital 1,3 18,6
LIQUIDITY
Current ratio 1,1 1,3
Acid test 0,7 0,7
RATES OF RETURN %
Total assets 0,3 0,1
Shareholders equity 19,8 0,4
Pre tax
margin % 0,3 0,2
Turnover rate 79 31,5
(x
1.000) (x 1.000)
-------------------- --------------------
Working capital 428 1.107
Shareholders equity + Equalization acc. 81 800
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%)