MIRA
INFORM REPORT
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Report Date : |
11.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
PINK STAR BVBA |
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Registered Office : |
Hoveniersstraat 53 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 : |
31.01.1991 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trade in Diamonds;
Import/Export of Polished and Unpolished 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
Pink Star Bvba
Hoveniersstraat 53
2018 ANTWERPEN
Tel.:+32
(0)3-2324922
Fax.:+32
(0)3-2324922
Founded
31/01/1991 as BVBA, since 31/01/1991
Trade
register
52281507
Capital
Nominal EUR 18.592,--
Issued and paid up EUR 18.592,--
Management
Sunil Nanalal Shah, Van Leriusstraat 59,
2018 Antwerpen
Activity
Trade in diamonds;
import/export of polished and unpolished diamonds.
Staff
1 employee.
Turnover
Net turnover:
2006 Euro 3.856.765
2005 Euro 6.772.398
2004 Euro 5.785.424
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 729.831
2005 Euro 32.064
2004 Euro 7.363
The
shareholders equity was as of:
31/12/2006 Euro 844.930
31/12/2005 Euro 115.100
31/12/2004 Euro 83.036
The working
capital was as of:
31/12/2006 Euro 894.692
31/12/2005 Euro 163.211
31/12/2004 Euro 129.052
Previous address:
Schupstraat
17, 2660 ANTWERP/B
Other
bankers:
Antwerpse
Diamantbank, acc. no. 640-0611500-55
IBAN code :
BE31 6400 6115 0055
Banks
not known
VAT-nr.
BE442820440
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 :
Pink Star Bvba
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 177.939 164.848
Financial assets 2.293 2.293
Miscellaneous fixed assets 0 0
Total fixed assets 180.232 167.141
Stock 1.883.384 3.247.439
Receivables 2.280.034 820.930
Shares 0 0
Liquid assets 49.779 73.401
Miscellaneous current assets 0 0
Total current assets 4.213.197 4.141.770
Shareholders
equity 115.100 844.930
Provisions 0 0
Long-term liabilities 228.343 200.768
Current liabilities 4.049.986 3.247.078
Minority interests 0 0
Miscellaneous
liabilities 0 16.135
Total liabilities 4.393.429 4.308.911
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 6.772.398 3.856.765
Other income 0 0
Total expenses 6.699.550 3.803.581
Operating profit 72.848 53.184
Balance financial P/L -31.783 -43.036
Net profit/loss 1] 41.065 10.148
Taxation 12.500 34.181
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 28.565 -24.033
Balance extraordinary P/L 3.499 753.864
Taxation 0 0
Extraordinary P/L 2] 3.499 753.864
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 32.064 729.831
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2005----- -----2006-----
EQUITY
%
Equity gearing 2,6 19,6
Equity/outside capital 2,7 24,4
LIQUIDITY
Current ratio 1 1,3
Acid test 0,6 0,3
RATES OF RETURN %
Total assets 0,9 0,2
Shareholders
equity 35,7 1,2
Pre tax margin
% 0,6 0,3
Turnover rate 154,1 89,5
(x
1) (x 1)
-------------------- --------------------
Working capital 163.211 894.692
Shareholders
equity + Equalization acc. 115.100 844.930
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.72 |
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UK Pound |
1 |
Rs.84.42 |
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Euro |
1 |
Rs.67.38 |
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%)