MIRA
INFORM REPORT
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Report Date : |
01.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
M RAJESH BVBA |
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Registered Office : |
Hoveniersstraat 30, Bus 231 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 : |
01.03.1994 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import of and the
(wholesale) trade in Diamonds and Precious Stones |
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
M-Rajesh Bvba
Hoveniersstraat
30, Bus 231
2018 ANTWERPEN
Tel.:+32
(0)3-2327108
Legal
status
Private limited company
Founded
01/03/1994 as BVBA
Trade
register
52301866
Capital
Nominal EUR 19.000,--
Issued and paid up EUR 19.000,--
Management
Rajeskhumar Detroja,
Mumbai - India
Samir Bhansali
Activity
Import of and the
(wholesale) trade in diamonds and precious stones.
Staff
No other employees
Turnover
Net turnover:
2006 Euro 38.170.000
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 79.995
2005 Euro 56.936
2004 Euro 81.778
The
shareholders equity was as of:
31/12/2006 Euro 211.007
31/12/2005 Euro 131.028
31/12/2004 Euro 74.092
The working
capital was as of:
31/12/2006 Euro 90.011
31/12/2005 Euro 106.977
31/12/2004 Euro 66.208
Current partners were appointed on 18.12.2003;
Previous name:
Monistar BVBA
Dassdimon BVBA
Previous address:
Lange Herentalsestraat 120, Antwerpen
Hoveniersstraat 2, bus 330, 2018 Antwerpen
Bankers : BANQUE DIAMANTAIRE ANVERSOISE
VAT-nr.
BE452095224
Mode
of payment
No complaints have been
registered
Credit
demand
No direct objections
against entering into a business relationship.
The following financial data is retrieved from
the corporate balance sheet of :
M-Rajesh Bvba
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 24.051 473.997
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 24.051 473.997
Stock 450.348 1.597.004
Receivables 3.502.123 8.255.004
Shares 0 0
Liquid assets 5.664 156.991
Miscellaneous current assets 0 0
Total current assets 3.958.135 10.008.999
Shareholders
equity 131.028 211.007
Provisions 0 0
Long-term liabilities 0 353.000
Current liabilities 3.851.158 9.918.988
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 3.982.186 10.482.004
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 0 38.170.000
Other income 0 0
Total expenses 5.871 37.937.005
Operating profit 145.291 232.995
Balance financial P/L -55.142 -99.009
Net profit/loss 1] 90.149 134.011
Taxation 33.213 35.003
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 56.936 99.008
Balance extraordinary P/L 0 -18.989
Taxation 0 0
Extraordinary P/L 2] 0 -18.989
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 56.936 79.995
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2005----- -----2006-----
EQUITY
%
Equity gearing 3,3 2
Equity/outside capital 3,4 2,1
LIQUIDITY
Current ratio 1 1
Acid test 0,9 0,8
RATES OF RETURN %
Total assets 2,3 1,3
Shareholders
equity 68,8 63,5
Pre tax margin
% 0 0,4
Turnover rate 0 364,1
(x
1) (x 1)
-------------------- --------------------
Working capital 106.977 90.011
Shareholders
equity + Equalization acc. 131.028 211.007
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.34 |
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UK Pound |
1 |
Rs.86.52 |
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Euro |
1 |
Rs.68.54 |
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%)