MIRA INFORM REPORT

 

 

Report Date :

20.03.2008

 

 

IDENTIFICATION DETAILS

 

Name :

BLUEVAL BVBA

 

 

Registered Office :

Blueval, Belgielei 151, 2018 Antwerpen BE

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

20.06.1998

 

 

Com. Reg. No.:

329511

 

 

Legal Form :

Private Company With Limited Liability

 

 

Line of Business :

Wholesale business in Diamonds and Precious Stones.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

 

 

name & address

 

BLUEVAL BVBA

BELGIELEI 151

2018 ANTWERPEN BE

Tel. Number +32-3-2300566

 

 

Business founded

02 June 1998

Business registered

18 June 1998 - Private company with limited liability

Registration number,

329511, ANTWERPEN,

VAT number,

BE463527861,

Legal form

Private company with limited liability

Activities

Wholesale business in diamonds and precious stones.

Payment experience

no complaints have been registered

Credit opinion

Credit opinion

 

Cash situation (balance sheet analysis) : Good 

 

Profitability (balance sheet analysis) : Nil 

 

Commitments (regarding contractual obligations) : Currently fulfilled 

 

Payment defaults : None 

Total share capital 31 December 2006

EUR 18600,00

Bank

BANQUE DIAMANTAIRE ANVERSOISE   

Board members

MEHTA MAHENDRA MAFATLAL    Manager

 

DUGAR PARVEEN BACHHARAJ    Manager

Management

MEHTA MAHENDRA MAFATLAL    Partner

 

DUGAR ANAND KUMAR    Partner

 

DUGAR PARVEEN BACHHARAJ    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 1.410.399,00

 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

810.648,-

Total fixed assets

175,-

Total tangible fixed assets

175,-

Total Current assets

810.473,-

Inventories and work in progress (incl. prepayments)

628.134,-

Accounts receivable (trade)

178.589,-

Cash in hand and at bank

3.456,-

Total accrued income and prepaid expenses

294,-

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

810.648,-

Total equity (Shareholders' funds)

52.048,-

Issued (subscribed) capital

18.600,-

Profit reserves

40.518,-

Legal reserves

1.860,-

Profit or loss carried forward

-8.930,-

Total liabilities

758.600,-

Total current liabilities

758.600,-

Current accounts payable (trade)

573.588,-

Current liabilities to credit institutions

732,-

Income and social tax liabilities

15.600,-

 

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

Main revenue (sales/turnover)

1.410.399,-

Cost of goods sold (operational format)

1.411.423,-

Depreciation

91,-

Operating profit or loss

-1.024,-

Financial income

1,-

Financial expenses

3.224,-

Result of ordinary operations

-4.247,-

Extraordinary result

-4.247,-

Taxes

17,-

Net profit or loss

-4.264,-

Borrowing ratio

1457,50 %

Current ratio

106,83 %

Profit margin.

0,85 %

Quick ratio

23,99 %

Return on assets

1,48 %

Return on equity.

-8,19 %

Solidity or equity ratio

6,42 %

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 907.807,00

 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

1.076.878,-

Total fixed assets

266,-

Total tangible fixed assets

266,-

Total Current assets

1.076.612,-

Inventories and work in progress (incl. prepayments)

812.843,-

Accounts receivable (trade)

245.587,-

Cash in hand and at bank

17.446,-

Total accrued income and prepaid expenses

736,-

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

1.076.878,-

Total equity (Shareholders' funds)

56.312,-

Issued (subscribed) capital

18.600,-

Profit reserves

40.518,-

Legal reserves

1.860,-

Profit or loss carried forward

-4.666,-

Total liabilities

1.020.566,-

Total current liabilities

1.019.096,-

Current accounts payable (trade)

814.351,-

Current liabilities to credit institutions

222,-

Income and social tax liabilities

13.750,-

Total accrued expenses and deferred income

1.470,-

 

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

Main revenue (sales/turnover)

907.807,-

Cost of goods sold (operational format)

825.185,-

Depreciation

92,-

Operating profit or loss

83.859,-

Financial income

110.393,-

Financial expenses

-191.953,-

Result of ordinary operations

2.299,-

Extraordinary result

2.299,-

Taxes

-6.965,-

Net profit or loss

-4.666,-

Borrowing ratio

1812,34 %

Current ratio

105,49 %

Profit margin.

9,24 %

Quick ratio

25,81 %

Return on assets

18,04 %

Return on equity.

-8,28 %

Solidity or equity ratio

5,22 %

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 1.433.890,00

 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

801.590,-

Total fixed assets

358,-

Total tangible fixed assets

358,-

Total Current assets

801.232,-

Inventories and work in progress (incl. prepayments)

589.381,-

Accounts receivable (trade)

196.442,-

Cash in hand and at bank

15.372,-

Total accrued income and prepaid expenses

37,-

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

801.590,-

Total equity (Shareholders' funds)

60.978,-

Issued (subscribed) capital

18.600,-

Profit reserves

40.518,-

Legal reserves

1.860,-

Total liabilities

740.612,-

Total current liabilities

738.385,-

Current accounts payable (trade)

566.196,-

Current liabilities to credit institutions

487,-

Income and social tax liabilities

1.300,-

Total accrued expenses and deferred income

2.227,-

 

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

Main revenue (sales/turnover)

1.433.890,-

Cost of goods sold (operational format)

1.440.446,-

Depreciation

91,-

Operating profit or loss

-4.902,-

Financial income

299.455,-

Financial expenses

-292.780,-

Result of ordinary operations

1.773,-

Extraordinary result

1.773,-

Taxes

-1.298,-

Net profit or loss

475,-

Borrowing ratio

1214,56 %

Current ratio

108,18 %

Profit margin.

-0,33 %

Quick ratio

28,68 %

Return on assets

36,75 %

Return on equity.

0,77 %

Solidity or equity ratio

7,60 %

 

 

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