MIRA
INFORM REPORT
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Report Date : |
06.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUPERGEMS NV |
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Registered Office : |
Schupstraat 18-20 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 : |
17.01.1972 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale business in
(im) Polished 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 : |
Regular |
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Litigation : |
Clear |
name & address
Supergems NV
Schupstraat 18-20
2018 ANTWERPEN
Tel.:+32
(0)3-2336272
Fax.:+32
(0)3-2326907
Founded
17/01/1972, P.l.c. since
01/12/1972
Trade
register
411987308
Capital
Nominal EUR 155.000,--
Issued and paid up EUR 1.550.000,--
Board
member
Sachiv Mehta,
Palmenlaan 10, 2020 Antwerpen-Belgium
Management
-Supergems
Manufacturing NV,
Schupstraat 15, 2018 ANTWERPEN
-LMD & Partners B.V. CVBA,
Kanunnik Peetersstraat 133, 2600
ANTWERPEN
Activity
Wholesale business in
(im)polished diamonds.
Staff
10 employees
Turnover
Net turnover:
2006 Euro 61.339.253
2005 Euro 86.986.404
Real
estate
The business
premises at the mentioned address is owned by the company, as far as we know.
Finances
See balance sheet
Remarks
Net result:
2006 Euro 649.321
2005 Euro 901.212
The
shareholders equity was as of:
31/12/2006 Euro 21.594.038
31/12/2005 Euro 6.670.592
The working
capital was as of:
31/12/2006 Euro 36.940.957
31/12/2005 Euro 24.287.009
-6.0% Sports Club of India NV,
Antwerpen-Belgium (Reg.Nr. 424397962)
-97.6%: Supergems Manufacturing NV, Antwerpen-Belgium (Reg.Nr.
425768731)
The address as you provided is not completely correct.
Banks
ABN-AMRO NV
VAT-nr.
BE411987308
Mode
of payment
Within terms
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from
the corporate balance sheet of :
Supergems NV
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 840.209 775.642
Financial assets 154.061 154.061
Miscellaneous fixed assets 0 0
Total fixed assets 994.270 929.703
Stock 19.451.212 36.051.180
Receivables 35.016.691 24.701.312
Shares 0 0
Liquid assets 78.476 496.722
Miscellaneous current assets 17.854 33.838
Total current assets 54.564.233 61.283.052
Shareholders
equity 6.670.592 21.594.038
Provisions 0 0
Long-term liabilities 17.967.022 16.113.049
Current liabilities 30.277.224 24.342.095
Minority interests 0 0
Miscellaneous
liabilities 643.665 163.573
Total liabilities 55.558.503 62.212.755
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 86.986.404 61.339.253
Other income 0 0
Total expenses 82.633.620 59.652.854
Operating profit 4.352.784 1.686.399
Balance financial P/L -3.459.306 -1.035.398
Net profit/loss 1] 893.478 651.001
Taxation 0 0
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 893.478 651.001
Balance extraordinary P/L 7.734 -1.680
Taxation 0 0
Extraordinary P/L 2] 7.734 -1.680
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 901.212 649.321
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 12 34,7
Equity/outside
capital 13,6 53,2
LIQUIDITY
Current ratio 1,8 2,5
Acid test 1,2 1
RATES OF RETURN %
Total assets 1,6 1
Shareholders equity 13,4 3
Pre tax
margin % 1 1,1
Turnover rate 156,6 98,6
(x
1) (x 1)
-------------------- --------------------
Working capital 24.287.009 36.940.957
Shareholders equity + Equalization acc. 6.670.592 21.594.038
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%)