MIRA
INFORM REPORT
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Report Date : |
03.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
Aalisha 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 : |
16/07/1997 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trade in diamonds. |
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
Aalisha Gems Bvba
Hoveniersstraat 2
2018 ANTWERPEN
Tel.:+32
(0)3-2313533
Fax.:+32
(0)3-2314968
Legal status
Private limited company
Founded
16/07/1997 as BVBA
Trade register
52324289
Capital
nominal EUR 19.000,--
issued and paid up EUR 19.000,--
Management
SHAH Viral B. 2/23 Mebsana Mansion, Tejpal
Road, Vile Parle, Mumbai
Activity
Trade in diamonds.
Staff
1 employee.
Turnover
Net
turnover:
2006 Euro 39.026.002
2005 Euro 51.079.998
2004 Euro 43.728.988
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 17.997
2005 Euro 94.001
2004 Euro 76.004
The shareholders equity was as of:
31/12/2006 Euro 2.394.999
31/12/2005 Euro 411.999
31/12/2004 Euro 317.998
The working capital was
as of:
31/12/2006 Euro 2.214.012
31/12/2005 Euro 226.004
31/12/2004 Euro 125.979
Bank: Antwerpse Diamant Bank NV.
Correspondence address:
PO box 204
2018 Antwerpen
The postbox you have mentioned is not correct.
Banks
ABN-AMRO NV
VAT-nr.
BE461159081
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 :
Aalisha Gems Bvba
Hoveniersstraat 2,
2018 ANTWERPEN
Trade register 52324289
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Aalisha
Gems Bvba *** BALANCE SHEET ***
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible
assets 0 0
Tangible
assets 620.998 588.995
Financial
assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed assets 620.998 588.995
Stock 1.094.995 3.801.001
Receivables 8.417.993 10.005.999
Shares 0 0
Liquid
assets 26.004 23.005
Miscellaneous
current assets 0 0
Total current assets 9.538.992 13.830.005
Shareholders equity 411.999 2.394.999
Provisions 0 0
Long-term
liabilities 435.004 406.992
Current
liabilities 9.312.988 11.615.993
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 10.159.990 14.419.000
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Aalisha
Gems Bvba *** PROFIT & LOSS ACCOUNT
***
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 51.079.998 39.026.002
Other
income 6.991 8.007
Total
expenses 50.421.989 36.578.003
Operating
profit 664.999 2.454.989
Balance
financial P/L -546.010 -338.003
Net
profit/loss 1] 118.989 2.118.002
Taxation 24.988 134.011
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] 94.001 1.983.991
Balance
extraordinary P/L 0 0
Taxation 0 0
Extraordinary
P/L 2] 0 0
Res.
sub. companies 2] 0 0
Minority
interests 0 2.008
Miscellaneous
P/L 0 0
Net
result 94.001 17.997
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Legend
: 1] = Before tax
2] = After tax
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Aalisha
Gems Bvba *** FINANCIAL RATIOS ***
-----2005----- -----2006-----
EQUITY %
Equity
gearing 4,1 16,6
Equity/outside
capital 4,2 19,9
LIQUIDITY
Current
ratio 1 1,2
Acid
test 0,9 0,9
RATES
OF RETURN %
Total
assets 1,2 14,7
Shareholders equity 28,9 88,4
Pre
tax margin % 0,2 5,4
Turnover
rate 502,8 270,7
(x 1) (x 1)
------------------- --------------------
Working
capital 226.004 2.214.012
Shareholders equity + Equalization acc. 411.999 2.394.999
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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%)