MIRA
INFORM REPORT
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Report Date : |
03.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
Superstone Diam Bvba |
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Registered Office : |
Pelikaanstraat 62, 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 : |
22/05/2003 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trade, treatment of (rough) 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
Superstone Diam
Bvba
Pelikaanstraat 62
2018 ANTWERPEN
Tel. : +32 (0)3-2320863
Fax.: +32 (0)3-2320863
Legal status
Private limited company
Founded
22/05/2003 as BVBA
Trade register
99459905
Capital
Nominal EUR 18.600,--
issued and paid up EUR 18.600,--
Management
SHAH Yatish R.
Activity
Trade, treatment of (rough) diamonds.
Staff
1 employee.
Turnover
Net turnover:
2006 Euro 1.294.175
2005 Euro 582.291
2004 Euro 1.033.206
Real estate
The business premises at the mentioned address has been rented by the company, as far as we know.
Finances
See balance sheet
The course of business and financial affairs are satisfactory. Average
stocks are held.
The liquid assets have remained adequate to date.
Remarks
Net result:
2006 Euro 5.950
2005 Euro 1.389
2004 Euro 1.753
The shareholders equity was as of:
31/12/2006 Euro 28.105
31/12/2005 Euro 22.155
31/12/2004 Euro 20.767
The working capital was as of:
31/12/2006 Euro 26.788
31/12/2005 Euro 22.155
31/12/2004 Euro 20.767
Banks
Fortis Bank
VAT-nr.
BE480459905
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 :
Superstone Diam
Bvba
Pelikaanstraat 62,
2018 ANTWERPEN
Trade register 99459905
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Superstone
Diam Bvba *** BALANCE SHEET ***
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible
assets 0 0
Tangible
assets 0 1.317
Financial
assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed assets 0 1.317
Stock 748.926 340.204
Receivables 245.770 621.956
Shares 0 0
Liquid
assets 178.993 113.865
Miscellaneous
current assets 0 0
Total current assets 1.173.689 1.076.025
Shareholders equity 22.155 28.105
Provisions 0 0
Long-term
liabilities 0 0
Current
liabilities 1.151.534 1.049.237
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 1.173.689 1.077.342
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Superstone
Diam Bvba *** PROFIT & LOSS ACCOUNT
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Corporate
in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 582.291 1.294.175
Other
income 0 0
Total
expenses 521.960 1.284.062
Operating
profit 60.331 10.113
Balance
financial P/L -58.154 -2.284
Net
profit/loss 1] 2.177 7.829
Taxation 788 1.879
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] 1.389 5.950
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 1.389 5.950
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Legend
: 1] = Before tax
2] = After tax
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Superstone
Diam Bvba *** FINANCIAL RATIOS ***
-----2005----- -----2006-----
EQUITY %
Equity
gearing 1,9 2,6
Equity/outside
capital 1,9 2,7
LIQUIDITY
Current
ratio 1 1
Acid
test 0,4 0,7
RATES
OF RETURN %
Total
assets 0,2 0,7
Shareholders equity 9,8 27,9
Pre
tax margin % 0,4 0,6
Turnover
rate 49,6 120,1
(x 1) (x 1)
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Working
capital 22.155 26.788
Shareholders equity + Equalization acc. 22.155 28.105
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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%)