MIRA
INFORM REPORT
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Report Date : |
05.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
B.S. Gems Bvba |
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Registered Office : |
Hoveniersstraat 30, 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 : |
16/09/1996 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Processing and having processed of, trade in and
import/export of and giving in consignment of and taking in consignment of polished
and
unpolished diamonds, precious stones, etc. |
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
B.S. Gems Bvba
Hoveniersstraat 30
2018 ANTWERPEN
Tel.:+32
(0)3-2250029
Fax.:+32
(0)3-2260945
Legal status
Private limited company
Founded
16/09/1996 as BVBA
Trade register
52318719
Capital
nominal EUR 18.592,--
issued and paid up EUR 18.592,--
Management
DESAI Nirajkumar R.
Activity
Processing and having processed of, trade in and import/export
of and giving in consignment of and taking in consignment of polished and unpolished
diamonds, precious stones, etc
Staff
No other employees
Turnover
Net
turnover:
2006 Euro 380.164
2005 Euro 85.233
2004 Euro 1.666.253
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 1.490
2005 Euro 23.334
2004 Euro 3.400
The shareholders equity was as of:
31/12/2006 Euro 9.052
31/12/2005 Euro 7.562
31/12/2004 Euro 30.896
The working capital was as of:
31/12/2006 Euro 7.565
31/12/2005 Euro 5.886
31/12/2004 Euro 28.975
Bank: Antwerpse Diamand Bank NV.
The company has eaten into its shareholder's
equity.
Banks
Under remarks
VAT-nr.
BE458912245
Mode of payment
No complaints have been registered
Credit demand
No objections against entering into a business relationship.
In view of the financial situation, we recommend you to follow the company s future developments.
The following
financial data is retrieved from the corporate balance sheet of :
B.S. Gems Bvba
Hoveniersstraat 30,
2018 ANTWERPEN
Trade register 52318719
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B.S.
Gems Bvba *** BALANCE SHEET ***
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible
assets 0 0
Tangible
assets 188 0
Financial
assets 1.488 1.487
Miscellaneous
fixed assets 0 0
Total fixed assets 1.676 1.487
Stock 636.498 1.807.332
Receivables 2.203.771 952.291
Shares 0 0
Liquid
assets 3.897 43.507
Miscellaneous
current assets 0 0
Total current assets 2.844.166 2.803.130
Shareholders equity 7.562 9.052
Provisions 0 0
Long-term
liabilities 0 0
Current
liabilities 2.838.280 2.795.565
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 2.845.842 2.804.617
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B.S.
Gems Bvba *** PROFIT & LOSS ACCOUNT
***
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 85.233 380.164
Other
income 0 0
Total
expenses 28.021 381.983
Operating
profit 57.212 -1.819
Balance
financial P/L -80.729 2.873
Net
profit/loss 1] -23.517 1.054
Taxation -183 -436
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] -23.334 1.490
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 23.334 1.490
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Legend
: 1] = Before tax
2] = After tax
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B.S.
Gems Bvba *** FINANCIAL RATIOS ***
-----2005----- -----2006-----
EQUITY %
Equity
gearing 0,3 0,3
Equity/outside
capital 0,3 0,3
LIQUIDITY
Current
ratio 1 1
Acid
test 0,8 0,4
RATES
OF RETURN %
Total
assets -0,8 0
Shareholders equity -311 11,6
Pre
tax margin % -27,6 0,3
Turnover
rate 3 13,6
(x 1) (x 1)
------------------- --------------------
Working
capital 5.886 7.565
Shareholders equity + Equalization acc. 7.562 9.052
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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%)