MIRA
INFORM REPORT
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Report Date : |
18.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
CRYSTAL 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 : |
01.07.1982 |
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Legal Form : |
Private limited company |
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Line of Business : |
Import
and Export and Wholesale Business and
Commission Trade/Brokerage in Polished and Unpolished Diamonds, Precious Stones, Jewelry, Arts |
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 : |
No Complaints |
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Litigation : |
Clear |
name & address
Crystal Gems Bvba
Hoveniersstraat 2
2018 ANTWERPEN
Tel.:+32
(0)3-2250685
Legal
status
Private limited company
Founded
Not known, BVBA since
01/07/1982
Trade
register
52230847
Capital
Nominal EUR 18.592,--
Issued and paid up EUR 18.592,--
Management
SHAH Shreyance
Activity
The import and
export of and wholesale business and commission trade/brokerage in polished and
unpolished diamonds, precious stones, jewelry, arts, etc.
Branch[es]:
-Kwikstaartlaan 16,
, 2610 ANTWERPEN/WILRIJK
Staff
1 employee.
Turnover
Net turnover:
2006 Euro 11.756.003
2005 Euro 8.943.998
2004 Euro 8.782.000
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 11.998
2005 Euro 5.999
2004 Euro 5.999
The shareholders equity was as
of:
31/12/2006 Euro 709.000
31/12/2005 Euro 120.997
31/12/2004 Euro 114.998
The working capital was as of:
31/12/2006 Euro 1.258.010
31/12/2005 Euro 697.994
31/12/2004 Euro 617.007
Import : India
Export : India
Accountants:
BVBA Westen Francois & Co, representeted by mr. Philippe Francois
Full address:
Hoveniersstraat 2, bus 229, 2018 Antwerpen
Banks
Not known
VAT-nr.
BE422952068
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 :
Crystal Gems Bvba
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 88.994 79.995
Financial assets 992 992
Miscellaneous fixed assets 0 0
Total fixed
assets 90.010 81.012
Stock 1.602.012 1.605.011
Receivables 2.757.989 2.995.000
Shares 0 0
Liquid assets 21.988 6.991
Miscellaneous current assets 0 0
Total current
assets 4.381.989 4.607.002
Shareholders
equity 120.997 709.000
Provisions 0 0
Long-term
liabilities 667.007 629.997
Current
liabilities 3.683.995 3.348.992
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 4.471.999 4.687.989
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 8.943.998 11.756.003
Other income 20.005 8.999
Total expenses 8.761.995 11.535.006
Operating profit 202.008 229.996
Balance financial P/L -190.010 -206.000
Net profit/loss 1] 11.998 23.996
Taxation 5.999 35.994
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 5.999 -11.998
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 5.999 11.998
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2005----- -----2006-----
EQUITY
%
Equity gearing 2,7 15,1
Equity/outside capital 2,8 17,8
LIQUIDITY
Current ratio 1,2 1,4
Acid test 0,8 0,9
RATES OF RETURN %
Total assets 0,3 0,5
Shareholders
equity 9,9 3,4
Pre tax margin
% 0,1 0,2
Turnover rate 200 250,8
(x
1) (x 1)
-------------------- --------------------
Working capital 697.994 1.258.010
Shareholders
equity + Equalization acc. 120.997 709.000
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%)