MIRA
INFORM REPORT
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Report Date : |
14.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
MIKISA GEMS BVBA |
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Registered Office : |
Hoveniersstraat 2bus313 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 : |
07.09.2000 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Representation, Processing, Trading, Polishing of Jewelry,
Polished Diamonds, Precious Stones, Related Articles, etc |
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
Mikisa Gems Bvba
Hoveniersstraat
2bus313
2018 ANTWERPEN
Tel.:+32
(0)3-2187860
Legal status
Private limited company
Founded
07/09/2000 as BVBA
Trade register
52065124
Capital
Nominal EUR 219.000,--
Management
SASPARA Shilpaben B. adres gegevens onbekend
SASPARA Bipinkumar D. adres gegeven onbekend
Activity
Representation, processing, trading, polishing of jewelry, polished diamonds, precious stones, related articles, etc.
Staff
1 employee.
Turnover
Net turnover:
2006
Euro 5.982.110
2005
Euro 8.064.127
2004
Euro 4.990.833
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
Previously located:
-Mikisa Gems Bvba,
Van Leriusstraat 30, 2018 ANTWERPEN
Net result:
2006 Euro 11.109
2005 Euro 7.332
2004 Euro 2.865
The shareholders equity was as of:
31/12/2006 Euro 28.672
31/12/2005 Euro 17.563
31/12/2004 Euro 24.894
The working capital was as of:
31/12/2006 Euro 9.032
31/12/2005 Euro (8.615)
31/12/2004 Euro 18.430
Previous address:
Van Leriusstraat 30, 2018 Antwerpen
Bankers:
Antwerpse Diamantbank
Banks
Under remarks
VAT-nr.
BE472800368
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 :
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 23.778 17.240
Financial assets 2.400 2.400
Miscellaneous
fixed assets 0 0
Total fixed
assets 26.178
19.640
Stock 995.029 1.090.707
Receivables 2.207.269 1.726.222
Shares 0 0
Liquid assets 11.459 91.827
Miscellaneous
current assets 0 0
Total current assets
3.213.757 2.908.756
Shareholders equity 17.563 28.672
Provisions 0 0
Long-term
liabilities 0 0
Current
liabilities 3.222.372 2.899.724
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total
liabilities 3.239.935 2.928.396
PROFIT & LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 8.064.127 5.982.110
Other income 0 0
Total expenses 7.929.679 5.958.079
Operating
profit 134.448 24.031
Balance financial
P/L -142.444 -10.642
Net profit/loss
1] -7.996 13.389
Taxation -664 2.280
Share in P/L of
subsidiaries 0 0
Net profit/loss
2] -7.332 11.109
Balance
extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L
2] 0 0
Res. sub.
companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result
7.332 11.109
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 0,5 1
Equity/outside
capital 0,5 1
LIQUIDITY
Current ratio 1 1
Acid test 0,7 0,6
RATES OF RETURN %
Total assets -0,2 0,5
Shareholders equity -45,5 46,7
Pre tax
margin % -0,1 0,2
Turnover rate 248,9 204,3
(x
1) (x 1)
------------------- --------------------
Working capital -8.615 9.032
Shareholders equity + Equalization acc. 17.563 28.672
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%)