MIRA
INFORM REPORT
|
Report Date : |
28.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TIME STAR BVBA |
|
|
|
|
Registered Office : |
Pelikaanstraat 62 Office
536 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Date of Incorporation : |
20.11.2006 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale Business and
Retail Trade in Jewels and Ornaments. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
Time Star
Pelikaanstraat 62
Office 536
2018 ANTWERPEN
Tel.:+32
(0)3-2209290
Fax.:+32
(0)3-2323361
Legal
status
Private limited company
Founded
20/11/2006 as BVBA
Trade
register
84871909
Capital
Nominal EUR 62.000,--
Issued and paid up EUR 62.000,--
Management
-Shah, Paras
Jayantilal, Belgielaan 123, 2018
Activity
Wholesale business
and retail trade in jewels and ornaments.
Staff
No other employees
Real
estate
The business
premises at the mentioned address has been rented by the company, as far as we
know.
Finances
The course of
business and financial affairs appears to be satisfactory. Average stocks are
held.
The liquid assets have
remained adequate to date.
Remarks
Previous address:
Hoveniersstraat 2 bus 220, 2018 Antwerp/Belgium.
Banks
ABN-AMRO NV
VAT-nr.
BE884871909
Mode
of payment
No complaints have
been registered
Credit
demand
No objections against entering into a business
relationship
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.30 |
|
UK Pound |
1 |
Rs.84.03 |
|
Euro |
1 |
Rs.66.42 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)