MIRA
INFORM REPORT
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Report Date : |
03.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
Shruti Gems Bvba |
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Registered Office : |
Hoveniersstraat 12, 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 : |
30/11/2005 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The treatment of diamonds; the trade in diamonds gems and
jewelery and other related products. |
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
Shruti Gems Bvba
Hoveniersstraat 12
2018 ANTWERPEN
Tel.:+32
(0)474-264683
Legal status
Private limited company
Founded
30/11/2005 as BVBA
Trade register
99817435
Capital
nominal EUR 18.600,--
issued and paid up EUR 18.600,--
Management
SHAH Kerul B., 404 Girnar Building, Tardeo
Road, Mumbai, Indie
Activity
The treatment of diamonds; the trade in diamonds gems and jewelery and other related products.
Staff
No other employees
Turnover
Net
turnover:
2006 Euro 399.954
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 1.087
The shareholders equity was as of:
31/12/2006 Euro 19.687
The working capital was
as of:
31/12/2006 Euro 19.211
Bank: Antwerpse Diamant Bank NV.
Banks
Under remarks
VAT-nr.
BE877817435
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 :
Shruti Gems Bvba
Hoveniersstraat 12,
2018 ANTWERPEN
Trade register 99817435
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Shruti
Gems Bvba *** BALANCE SHEET ***
Corporate
in Euro(x 1)
-------- ------31-12-2006---
Intangible
assets 0 0
Tangible
assets 0 476
Financial
assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed assets 0 476
Stock 0 1.494.953
Receivables 0 102.973
Shares 0 0
Liquid
assets 0 78.830
Miscellaneous
current assets 0 0
Total current assets 0 1.676.756
Shareholders equity 0 19.687
Provisions 0 0
Long-term
liabilities 0 0
Current
liabilities 0 1.657.545
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 0 1.677.232
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Shruti
Gems Bvba *** PROFIT & LOSS ACCOUNT
***
Corporate
in Euro(x 1)
-------- ------31-12-2006---
Turnover 0 399.954
Other
income 0 0
Total
expenses 0 397.998
Operating
profit 0 1.956
Balance
financial P/L 0 -303
Net
profit/loss 1] 0 1.653
Taxation 0 566
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] 0 1.087
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 0 1.087
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Legend
: 1] = Before tax
2] = After tax
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Shruti
Gems Bvba *** FINANCIAL RATIOS ***
---------- -----2006-----
EQUITY %
Equity
gearing 0 1,2
Equity/outside
capital 0 1,2
LIQUIDITY
Current
ratio 0 1
Acid
test 0 0,1
RATES
OF RETURN %
Total
assets 0 0,1
Shareholders equity 0 8,4
Pre
tax margin % 0 0,4
Turnover
rate 0 23,8
(x
1)
-------------------- --------------------
Working
capital 0 19.211
Shareholders equity + Equalization acc. 0 19.687
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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%)