MIRA
INFORM REPORT
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Report Date : |
06.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
UNIVERSAL CORPORATION BVBA |
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Registered Office : |
Schupstraat 17 2018 Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
30.09.2007 |
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Date of Incorporation : |
14.07.1998 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import
and Export of polished and unpolished diamonds, colored precious stones and pearls;
manufacture of and processing of these products. |
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
Universal
Corporation Bvba
Schupstraat 17
2018 ANTWERPEN
Tel.:+32
(0)3-2264751
Legal
status
Private limited company
Founded
14/07/1998 as BVBA
Trade
register
99331316
Capital
Nominal EUR 18.592,--
Issued and paid up EUR 18.592,--
Management
-Mody Nimish,
Belgielei 96, 2018 Antwerpen
Activity
The import and
export of polished and unpolished diamonds, colored precious stones and pearls;
manufacture of and processing of these products.
Staff
1 employee.
Turnover
Net turnover:
2007 Euro 180.016
2006 Euro 301.363
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:
2007 Euro 40.567
2006 Euro (340)
The
shareholders equity was as of:
30/09/2007 Euro 76.062
30/09/2006 Euro 35.494
The working
capital was as of:
30/09/2007 Euro 74.815
30/09/2006 Euro 34.477
Full
address:
Schupstraat
1-7 bus 49
Room 811
2000 ANTWERPEN
Bankers :
Antwerpse
Diamantbank
Banks
Under remarks
VAT-nr.
BE463862215
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 :
Universal
Corporation Bvba
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---30-09-2006--- ------30-09-2007---
Intangible assets 0 0
Tangible assets 217 447
Financial assets 800 800
Miscellaneous fixed assets 0 0
Total fixed assets 1.017 1.247
Stock 226.118 228.201
Receivables 69.684 85.533
Shares 0 0
Liquid assets 25.700 23.012
Miscellaneous current assets 0 0
Total current assets 321.502 336.746
Shareholders
equity 35.494 76.062
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 287.025 261.931
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 322.519 337.993
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---30-09-2006--- ------30-09-2007---
Turnover 301.363 180.016
Other income 0 0
Total expenses 299.618 181.699
Operating profit 1.745 -1.683
Balance financial P/L -1.379 -1.185
Net profit/loss 1] 366 -2.868
Taxation 706 2.047
Share in P/L of subsidiaries 0 0
Net profit/loss 2] -340 -4.915
Balance extraordinary P/L 0 45.482
Taxation 0 0
Extraordinary P/L 2] 0 45.482
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result -340 40.567
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2006----- -----2007-----
EQUITY %
Equity gearing 11 22,5
Equity/outside
capital 12,4 29
LIQUIDITY
Current ratio 1,1 1,3
Acid test 0,3 0,4
RATES OF RETURN %
Total assets 0,1 -0,8
Shareholders equity 1 -3,8
Pre tax
margin % 0,1 -1,6
Turnover rate 93,4 53,3
(x
1) (x 1)
-------------------- --------------------
Working capital 34.477 74.815
Shareholders equity + Equalization acc. 35.494 76.062
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%)