MIRA
INFORM REPORT
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Report Date : |
17.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHERULDIAM BVBA |
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Registered Office : |
Pelikaanstraat 62 2018 Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
10.03.1997 |
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Com. Reg. No.: |
321929, Antwerpen |
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Legal Form : |
Private Company With
Limited Liability |
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Line of Business : |
Wholesaler of
Miscellaneous Intermediate 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 : |
No Complaints |
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Litigation : |
Clear |
name & addres
SHERULDIAM BVBA
PELIKAANSTRAAT
62
2018 ANTWERPEN BE
Tel. Number
+32-3-2397898
Fax number
+32-3-2271316
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Business founded |
10 March 1997 |
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Business registered |
19 March 1997 - Private
company with limited liability |
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Registration number, |
321929, ANTWERPEN, |
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VAT number, |
BE460208580, |
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Legal form |
Private company with
limited liability |
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Activities |
Wholesale of
miscellaneous intermediate products |
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Payment experience |
no complaints have been
registered |
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Credit opinion |
Credit opinion |
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Cash situation (balance
sheet analysis) : Very good |
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Profitability (balance
sheet analysis) : Nil |
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Commitments (regarding contractual
obligations) : Currently fulfilled |
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Payment defaults : None |
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Total share capital30 June 2007 |
EUR 18592,00 |
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Branch office(s) |
BELGIELEI 35 B.6,2018 ANTWERPEN |
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Bank |
BANQUE DIAMANTAIRE ANVERSOISE |
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Board members |
MEHTA GIRISH Manager |
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Management |
KOTHARI BELA MILIND Partner |
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The business owns or
partly owns one or more pieces of land and buildings? Yes(Property)
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Turnover for the
period: 00 0000 - 30 June 2007 in EUR 1.175.191,00 |
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Not consolidated
profit and loss turnover of the business: |
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Corporate balance sheet
for the year: 00 0000 - 30 June 2007 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
1.432.187,- |
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Total fixed assets |
645,- |
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Total tangible fixed assets |
375,- |
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Total financial fixed assets |
270,- |
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Total Current assets |
1.431.542,- |
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Inventories and work in
progress (incl. prepayments) |
1.197.968,- |
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Accounts receivable (trade) |
179.979,- |
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Investments (short-term) |
1.115,- |
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Cash in hand and at bank |
52.480,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
1.432.187,- |
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Total equity (Shareholders' funds) |
63.854,- |
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Issued (subscribed) capital |
18.592,- |
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Legal reserves |
1.859,- |
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Profit or loss carried
forward |
43.403,- |
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Total liabilities |
1.368.333,- |
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Total current liabilities |
1.368.333,- |
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Current accounts payable (trade) |
506.608,- |
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Income and social tax
liabilities |
900,- |
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Corporate profit and loss
account for the year: 00 0000 - 30 June 2007 in EUR |
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Main revenue (sales/turnover) |
1.175.191,- |
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Cost of goods sold (operational format) |
1.168.701,- |
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Depreciation |
446,- |
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Operating profit or loss |
6.490,- |
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Financial expenses |
4.035,- |
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Result of ordinary operations |
2.455,- |
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Extraordinary result |
2.455,- |
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Net profit or loss |
2.455,- |
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Borrowing ratio |
2142,91 % |
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Current ratio |
104,61 % |
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Profit margin. |
0,59 % |
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Quick ratio |
17,06 % |
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Return on assets |
0,48 % |
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Return on equity. |
3,84 % |
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Solidity or equity ratio |
4,45 % |
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Turnover for the period: 00 0000 - 30 June 2006 in
EUR 468.631,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 30 June
2006 in EUR |
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Total assets incl. prepaid expenses and accrued income |
1.499.072,- |
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Total fixed assets |
1.090,- |
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Total tangible fixed assets |
820,- |
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Total financial fixed assets |
270,- |
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Total Current assets |
1.497.982,- |
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Inventories and work in progress (incl. prepayments) |
1.432.972,- |
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Accounts receivable (trade) |
47.255,- |
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Investments (short-term) |
1.116,- |
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Cash in hand and at bank |
16.639,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
1.499.072,- |
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Total equity (Shareholders' funds) |
61.399,- |
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Issued (subscribed) capital |
18.592,- |
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Legal reserves |
1.859,- |
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Profit or loss carried forward |
40.948,- |
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Total liabilities |
1.437.673,- |
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Total current liabilities |
1.437.673,- |
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Current accounts payable (trade) |
543.462,- |
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Current liabilities to credit institutions |
2.165,- |
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Income and social tax liabilities |
1.000,- |
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Corporate profit and loss account for the year: 00 0000 - 30 June
2006 in EUR |
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Main revenue (sales/turnover) |
468.631,- |
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Cost of goods sold (operational format) |
465.540,- |
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Depreciation |
504,- |
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Operating profit or loss |
3.091,- |
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Financial expenses |
-2.218,- |
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Result of ordinary operations |
873,- |
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Extraordinary result |
873,- |
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Taxes |
-360,- |
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Net profit or loss |
513,- |
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Borrowing ratio |
2341,53 % |
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Current ratio |
104,19 % |
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Profit margin. |
0,76 % |
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Quick ratio |
4,52 % |
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Return on assets |
0,23 % |
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Return on equity. |
0,83 % |
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Solidity or equity ratio |
4,09 % |
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Turnover for the period: 00 0000 - 30 June 2005 in
EUR 389.885,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 30 June
2005 in EUR |
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Total assets incl. prepaid expenses and accrued income |
941.305,- |
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Total fixed assets |
471,- |
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Total tangible fixed assets |
201,- |
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Total financial fixed assets |
270,- |
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Total Current assets |
940.834,- |
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Inventories and work in progress (incl. prepayments) |
883.973,- |
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Accounts receivable (trade) |
35.371,- |
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Investments (short-term) |
1.116,- |
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Cash in hand and at bank |
20.374,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
941.305,- |
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Total equity (Shareholders' funds) |
60.886,- |
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Issued (subscribed) capital |
18.592,- |
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Legal reserves |
1.859,- |
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Profit or loss carried forward |
40.435,- |
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Total liabilities |
880.419,- |
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Total current liabilities |
880.419,- |
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Current accounts payable (trade) |
40.276,- |
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Income and social tax liabilities |
2.450,- |
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Corporate profit and loss account for the year: 00 0000 - 30 June
2005 in EUR |
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Main revenue (sales/turnover) |
389.885,- |
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Cost of goods sold (operational format) |
388.084,- |
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Depreciation |
216,- |
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Operating profit or loss |
1.801,- |
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Financial expenses |
-851,- |
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Result of ordinary operations |
950,- |
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Extraordinary result |
950,- |
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Taxes |
-250,- |
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Net profit or loss |
700,- |
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Borrowing ratio |
1446,01 % |
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Current ratio |
106,86 % |
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Profit margin. |
0,51 % |
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Quick ratio |
6,45 % |
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Return on assets |
0,21 % |
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Return on equity. |
1,14 % |
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Solidity or equity ratio |
6,46 % |
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%)