MIRA
INFORM REPORT
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Report Date : |
04.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
Single Star Bvba |
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Registered Office : |
Pelikaanstraat 62, 2018 Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.07.2006 |
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Date of Incorporation : |
08/11/1993 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Processing of and sales of diamonds. Whole sale business in (rough) diamonds. |
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
Single Star Bvba
Pelikaanstraat 62
2018 ANTWERPEN
Tel.:+32
(0)3-2333209
Legal status
Private limited company
Founded
08/11/1993 as BVBA
Trade register
52297723
Capital
nominal EUR 18.592,--
issued and paid up EUR 18.592,--
Management
PARSHOTTAM Patel D.
Activity
Processing of and sales of diamonds. Whole sale business in (rough) diamonds.
Staff
No other employees
Turnover
Net
turnover:
2006 Euro 3.163.968
2005 Euro 2.989.349
2004 Euro 2.069.554
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
Previously
located:
-Single Star BVBA,
Schupstraat 9-11, 2018 ANTWERPEN
Net result:
2006 Euro 8.983
2005 Euro 1.495
2004 Euro 122
The shareholders equity was as of:
31/07/2006 Euro 32.101
31/07/2005 Euro 23.118
31/07/2004 Euro 21.623
The working capital was
as of:
31/07/2006 Euro 31.009
31/07/2005 Euro 22.562
31/07/2004 Euro 19.247
Bank: Antwerpse Diamand Bank NV.
The address you provided concerns an old address which has changed per
20.08.2007.
Banks
Under remarks
VAT-nr.
BE450593803
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 :
Single Star Bvba
Pelikaanstraat 62,
2018 ANTWERPEN
Trade register 52297723
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Single
Star Bvba *** BALANCE SHEET ***
Corporate
in Euro(x 1) Euro(x 1)
---31-07-2005--- ------31-07-2006---
Intangible
assets 0 0
Tangible
assets 556 1.092
Financial
assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed assets 556 1.092
Stock 1.754.306 2.529.041
Receivables 775.784 973.457
Shares 0 0
Liquid
assets 61.621 4.232
Miscellaneous
current assets 0 0
Total current assets 2.591.711 3.506.730
Shareholders equity 23.118 32.101
Provisions 0 0
Long-term
liabilities 0 0
Current
liabilities 2.569.149 3.475.721
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 2.592.267 3.507.822
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Single
Star Bvba *** PROFIT & LOSS ACCOUNT
***
Corporate
in Euro(x 1) Euro(x 1)
---31-07-2005--- ------31-07-2006---
Turnover 2.989.349 3.163.968
Other
income 0 0
Total
expenses 2.978.445 3.149.962
Operating
profit 10.904 14.006
Balance
financial P/L -12.929 -5.023
Net
profit/loss 1] -2.025 8.983
Taxation 0 0
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] -2.025 8.983
Balance
extraordinary P/L 3.520 0
Taxation 0 0
Extraordinary
P/L 2] 3.520 0
Res.
sub. companies 2] 0 0
Minority
interests 0 0
Miscellaneous
P/L 0 0
Net
result 1.495 8.983
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Legend
: 1] = Before tax
2] = After tax
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Single
Star Bvba *** FINANCIAL RATIOS ***
-----2005----- -----2006-----
EQUITY %
Equity
gearing 0,9 0,9
Equity/outside
capital 0,9 0,9
LIQUIDITY
Current
ratio 1 1
Acid
test 0,3 0,3
RATES
OF RETURN %
Total
assets -0,1 0,3
Shareholders equity -8,8 28
Pre
tax margin % -0,1 0,3
Turnover
rate 115,3 90,2
(x 1) (x 1)
------------------- --------------------
Working
capital 22.562 31.009
Shareholders equity + Equalization acc. 23.118 32.101
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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%)