MIRA
INFORM REPORT
|
Report Date : |
27.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
POONAM GEMS BVBA |
|
|
|
|
Registered Office : |
Quinten Matsijslei 40 B.3 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
15.03.1999 |
|
|
|
|
Com. Reg. No.: |
333910, Antwerpen |
|
|
|
|
Legal Form : |
Private Company With
Limited Liability |
|
|
|
|
Line of Business : |
Wholesale of
Miscellaneous Intermediate Products |
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 : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
POONAM GEMS BVBA
QUINTEN
MATSIJSLEI 40 B.3
2018 ANTWERPEN BE
Tel.
Number+32-3-2481324
Fax number
+32-3-2302903
Business founded
15 March 1999
Business registered
23 April 1999 - Private company with limited lability
Registration number
333910, ANTWERPEN,
VAT number
BE465692050,
Legal form
Private company with limited liability
Activities
Wholesale of miscellaneous intermediate products
Payment experience
Nothing to report
Credit opinion
Cash situation (balance sheet
analysis) : Very good
Profitability (balance sheet
analysis) : Nil
Commitments (regarding contractual obligations) : Completely
fulfilled
Payment defaults : None
Total share capital
31 December 2007 EUR 18600,00
Branch office(s)
BELGIELEI 50,2018
ANTWERPEN
Bank
DEXIA BANK
BELGIUM
Board members
NAHATA PANKAJ
Manager
Management
NAHATA SHARMILA
Partner
NAHATA PANKAJ
Partner
|
The business owns or
partly owns one or more pieces of land and buildings? Yes(Property)
|
|
|
|
|
|
Turnover for the
period: 00 0000 - 31 December 2007 in EUR 0,00 |
|
|
Not consolidated profit
and loss turnover of the business: |
|
|
|
|
|
Corporate balance sheet for the year: 00 0000 - 31 December
2007 in EUR |
|
|
|
|
|
Total assets incl.
prepaid expenses and accrued income |
834.178,- |
|
Total fixed assets |
19.529,- |
|
Total tangible fixed assets |
19.529,- |
|
Plant, machinery and equipment |
898,- |
|
Total Current assets |
814.649,- |
|
Inventories and work in
progress (incl. prepayments) |
116.711,- |
|
Accounts receivable (trade) |
533.533,- |
|
Cash in hand and at bank |
161.442,- |
|
Total accrued income and
prepaid expenses |
2.962,- |
|
Total equity, provisions,
liabilities, accrued expenses and deferred income |
834.178,- |
|
Total equity (Shareholders' funds) |
113.833,- |
|
Issued (subscribed) capital |
18.600,- |
|
Profit reserves |
20.385,- |
|
Statutory reserves |
72.988,- |
|
Legal reserves |
1.860,- |
|
Total liabilities |
720.345,- |
|
Total current liabilities |
720.334,- |
|
Current accounts payable (trade) |
685.793,- |
|
Income and social tax
liabilities |
596,- |
|
Total accrued expenses
and deferred income |
11,- |
|
|
|
|
Corporate profit and loss account for the year: 00 0000 - 31
December 2007 in EUR |
|
|
|
|
|
Cost of goods sold
(operational format) |
9.025,- |
|
Depreciation |
7.677,- |
|
Operating profit or loss |
4.594,- |
|
Financial income |
3.178,- |
|
Financial expenses |
488,- |
|
Result of ordinary operations |
7.284,- |
|
Extraordinary result |
7.284,- |
|
Taxes |
2.293,- |
|
Net profit or loss |
4.991,- |
|
Borrowing ratio |
632,81 % |
|
Current ratio |
113,09 % |
|
Quick ratio |
96,47 % |
|
Return on assets |
1,85 % |
|
Return on equity. |
4,38 % |
|
Solidity or equity ratio |
13,64 % |
|
|
|
|
Turnover for the
period: 00 0000 - 31 December 2006 in EUR 2.694.599,00 |
|
|
Not consolidated profit
and loss turnover of the business: |
|
|
|
|
|
Corporate balance sheet for the year: 00 0000 - 31 December
2006 in EUR |
|
|
|
|
|
Total assets incl.
prepaid expenses and accrued income |
868.658,- |
|
Total fixed assets |
26.229,- |
|
Total tangible fixed assets |
26.229,- |
|
Total Current assets |
842.429,- |
|
Inventories and work in
progress (incl. prepayments) |
154.792,- |
|
Accounts receivable (trade) |
615.049,- |
|
Cash in hand and at bank |
69.458,- |
|
Total accrued income and prepaid
expenses |
3.130,- |
|
Total equity, provisions,
liabilities, accrued expenses and deferred income |
868.658,- |
|
Total equity (Shareholders' funds) |
108.842,- |
|
Issued (subscribed) capital |
18.600,- |
|
Profit reserves |
15.394,- |
|
Statutory reserves |
72.988,- |
|
Legal reserves |
1.860,- |
|
Total liabilities |
759.816,- |
|
Total current liabilities |
759.800,- |
|
Current accounts payable (trade) |
720.925,- |
|
Income and social tax
liabilities |
932,- |
|
Total accrued expenses and
deferred income |
16,- |
|
|
|
|
Corporate profit and loss account for the year: 00 0000 - 31
December 2006 in EUR |
|
|
|
|
|
Main revenue (sales/turnover) |
2.694.599,- |
|
Cost of goods sold
(operational format) |
2.688.982,- |
|
Depreciation |
7.972,- |
|
Operating profit or loss |
7.858,- |
|
Financial income |
2.200,- |
|
Financial expenses |
804,- |
|
Result of ordinary operations |
9.254,- |
|
Extraordinary result |
9.254,- |
|
Taxes |
7.078,- |
|
Net profit or loss |
2.176,- |
|
Borrowing ratio |
698,09 % |
|
Current ratio |
110,87 % |
|
Profit margin. |
0,58 % |
|
Quick ratio |
90,09 % |
|
Return on assets |
2,07 % |
|
Return on equity. |
1,99 % |
|
Solidity or equity ratio |
12,52 % |
|
|
|
|
Turnover for the
period: 00 0000 - 31 December 2005 in EUR 2.701.232,00 |
|
|
Not consolidated
profit and loss turnover of the business: |
|
|
|
|
|
Corporate balance sheet for the year: 00 0000 - 31 December
2005 in EUR |
|
|
|
|
|
Total assets incl.
prepaid expenses and accrued income |
834.449,- |
|
Total fixed assets |
34.200,- |
|
Total tangible fixed assets |
34.200,- |
|
Plant, machinery and equipment |
374,- |
|
Total Current assets |
800.249,- |
|
Inventories and work in
progress (incl. prepayments) |
26.487,- |
|
Accounts receivable (trade) |
608.540,- |
|
Cash in hand and at bank |
161.429,- |
|
Total accrued income and
prepaid expenses |
3.793,- |
|
Total equity, provisions,
liabilities, accrued expenses and deferred income |
834.449,- |
|
Total equity (Shareholders' funds) |
33.678,- |
|
Issued (subscribed) capital |
18.600,- |
|
Profit reserves |
13.218,- |
|
Legal reserves |
1.860,- |
|
Total liabilities |
800.771,- |
|
Total current liabilities |
800.750,- |
|
Current accounts payable (trade) |
757.350,- |
|
Income and social tax liabilities |
909,- |
|
Total accrued expenses and deferred income |
21,- |
|
|
|
|
Corporate profit
and loss account for the year: 00 0000 - 31 December 2005 in
EUR |
|
|
|
|
|
Main revenue (sales/turnover) |
2.701.232,- |
|
Cost of goods sold (operational format) |
2.704.059,- |
|
Depreciation |
4.537,- |
|
Operating profit or loss |
-2.135,- |
|
Financial income |
170.205,- |
|
Financial expenses |
-165.856,- |
|
Result of ordinary operations |
2.214,- |
|
Extraordinary income |
2.000,- |
|
Extraordinary result |
4.214,- |
|
Taxes |
-1.081,- |
|
Net profit or loss |
3.133,- |
|
Borrowing ratio |
2377,73 % |
|
Current ratio |
99,93 % |
|
Profit margin. |
0,08 % |
|
Quick ratio |
96,15 % |
|
Return on assets |
20,92 % |
|
Return on equity. |
9,30 % |
|
Solidity or equity ratio |
4,03 % |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.73 |
|
UK Pound |
1 |
Rs.80.57 |
|
Euro |
1 |
Rs.64.29 |
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%)