MIRA INFORM REPORT

 

 

Report Date :

12.03.2008

 

 

IDENTIFICATION DETAILS

 

Name :

RISING STONE BVBA

 

 

Registered Office :

Quellinstraat 40 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

28.11.2000

 

 

Com. Reg. No.:

344996, ANTWERPEN

 

 

Legal Form :

Private Company With Limited Liability

 

 

Line of Business :

Wholesale of Miscellaneous Intermediate Products

 

 

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

 

RISING STONE BVBA

QUELLINSTRAAT 40

2018 ANTWERPEN BE

Tel. Number +32-3-4750576

 

 

 

Business founded

28 November 2000

Business registered

28 June 2001 - Private company with limited liability

Registration number,

344996, ANTWERPEN,

VAT number,

BE473409983,

Legal form

Private company with limited liability

Activities

Wholesale of miscellaneous intermediate products

Payment experience

no complaints have been registered

Credit opinion

Credit opinion

 

Cash situation (balance sheet analysis) : Good 

 

Profitability (balance sheet analysis) : Low 

 

Commitments (regarding contractual obligations) : Currently fulfilled 

 

Payment defaults : None 

Total share capital31 December 2006

EUR 19000,00

Bank

BANQUE DIAMANTAIRE ANVERSOISE   

Board members

MEHTA NISHIT ASHOKKUMAR    Manager

 

MEHTA AMISHI NAVINCHANDRA    Manager

Management

MEHTA SANAT    Partner

 

MEHTA AMISHI NAVINCHANDRA    Partner

 

 

 

The business owns or partly owns one or more pieces of land and buildings?  Yes(Property) 

 

Turnover for the period: 00 0000 - 31 December 2006  in  EUR 1.587.271,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2006  in  EUR 

Total assets incl. prepaid expenses and accrued income

1.354.307,-

Total fixed assets

744,-

Total tangible fixed assets

744,-

Plant, machinery and equipment

744,-

Total Current assets

1.353.563,-

Inventories and work in progress (incl. prepayments)

1.104.897,-

Accounts receivable (trade)

236.865,-

Cash in hand and at bank

7.760,-

Total accrued income and prepaid expenses

4.041,-

Total equity, provisions, liabilities, accrued expenses and deferred income

1.354.307,-

Total equity (Shareholders' funds)

24.562,-

Issued (subscribed) capital

19.000,-

Profit reserves

3.662,-

Legal reserves

1.900,-

Total liabilities

1.329.745,-

Total current liabilities

1.329.745,-

Current accounts payable (trade)

356.099,-

Income and social tax liabilities

3.406,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2006  in  EUR 

Main revenue (sales/turnover)

1.587.271,-

Cost of goods sold (operational format)

1.575.120,-

Depreciation

81,-

Operating profit or loss

12.151,-

Financial income

1,-

Financial expenses

5.560,-

Result of ordinary operations

6.592,-

Extraordinary result

6.592,-

Taxes

2.588,-

Net profit or loss

4.004,-

Borrowing ratio

5413,83 %

Current ratio

101,79 %

Profit margin.

0,77 %

Quick ratio

18,39 %

Return on assets

0,90 %

Return on equity.

16,30 %

Solidity or equity ratio

1,81 %

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 1.597.574,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

1.502.336,-

Total Current assets

1.502.336,-

Inventories and work in progress (incl. prepayments)

864.987,-

Accounts receivable (trade)

589.265,-

Cash in hand and at bank

48.084,-

Total equity, provisions, liabilities, accrued expenses and deferred income

1.502.336,-

Total equity (Shareholders' funds)

20.559,-

Issued (subscribed) capital

19.000,-

Profit reserves

3.263,-

Legal reserves

1.900,-

Profit or loss carried forward

-3.604,-

Total liabilities

1.481.777,-

Total current liabilities

1.481.777,-

Current accounts payable (trade)

396.212,-

Income and social tax liabilities

2.744,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2005  in  EUR 

Main revenue (sales/turnover)

1.597.574,-

Cost of goods sold (operational format)

1.481.067,-

Operating profit or loss

116.507,-

Financial income

85.750,-

Financial expenses

-197.355,-

Result of ordinary operations

4.902,-

Extraordinary result

4.902,-

Taxes

-1.398,-

Net profit or loss

3.504,-

Borrowing ratio

7207,44 %

Current ratio

101,38 %

Profit margin.

7,29 %

Quick ratio

43,01 %

Return on assets

13,46 %

Return on equity.

17,04 %

Solidity or equity ratio

1,36 %

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 827.729,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2004  in  EUR 

Total assets incl. prepaid expenses and accrued income

956.062,-

Total Current assets

956.062,-

Inventories and work in progress (incl. prepayments)

615.205,-

Accounts receivable (trade)

336.032,-

Cash in hand and at bank

4.825,-

Total equity, provisions, liabilities, accrued expenses and deferred income

956.062,-

Total equity (Shareholders' funds)

17.055,-

Issued (subscribed) capital

19.000,-

Profit reserves

3.262,-

Legal reserves

1.900,-

Profit or loss carried forward

-7.107,-

Total liabilities

939.007,-

Total current liabilities

939.007,-

Current accounts payable (trade)

148,-

Income and social tax liabilities

1.040,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2004  in  EUR 

Main revenue (sales/turnover)

827.729,-

Cost of goods sold (operational format)

891.488,-

Operating profit or loss

-63.759,-

Financial income

134.362,-

Financial expenses

-68.289,-

Result of ordinary operations

2.314,-

Extraordinary result

2.314,-

Taxes

-9.421,-

Net profit or loss

-7.107,-

Borrowing ratio

5505,76 %

Current ratio

101,81 %

Profit margin.

-7,70 %

Quick ratio

36,29 %

Return on assets

7,38 %

Return on equity.

-41,67 %

Solidity or equity ratio

1,78 %

 

 

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions