MIRA
INFORM REPORT
|
Report Date : |
08.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
MARVAL GEMS BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
05.07.1989 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Buying and Selling of
Unpolished Diamonds |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Average 15 days beyond terms |
|
|
|
|
Litigation : |
Clear |
name & address
Marval Gems Bvba
Hoveniersstraat 30
2018 ANTWERPEN
Tel.:+32
(0)3-2265157
Fax.:+32
(0)3-2266292
Legal
status
Private limited company
Founded
05/07/1989, BVBA since
01/08/1989
Trade
register
52271176
Capital
Nominal EUR 19.000,--
Issued and paid up EUR 19.000,--
Management
-Sanjesh Mehta
Nisha, Mechelsesteenweg 213, 2018 Antwerpen.
-Chetan Mehta,
Quinten Matsijslei 49-a, Antwerpen.
Activity
Buying and selling
of unpolished diamonds.
Staff
1 employees
Turnover
Net turnover:
2006 Euro 51.911.884
2005 Euro 45.179.547
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:
2006 Euro (1.952)
2005 Euro 42.052
The
shareholders equity was as of:
31/12/2006 Euro 3.657.919
31/12/2005 Euro 420.994
The working
capital was as of:
31/12/2006 Euro 3.126.513
31/12/2005 Euro (100.153)
Bankers
Antwerpse
Diamantbank
Export
worldwide
Banks
ABN-AMRO NV, antwerpen,
674-52039
VAT-nr.
BE437907686
Mode
of payment
On average 15 days beyond
terms.
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from
the corporate balance sheet of :
Marval Gems Bvba
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 1.362.974 1.312.950
Financial assets 9.624 9.624
Miscellaneous fixed assets 0 0
Total fixed assets 1.372.598 1.322.574
Stock 12.098.121 14.977.823
Receivables 16.608.063 13.063.028
Shares 0 0
Liquid assets 23.031 18.784
Miscellaneous current assets 26.491 6.017
Total current assets 28.755.706 28.065.652
Shareholders
equity 420.994 3.657.919
Provisions 43.288 41.949
Long-term liabilities 742.333 680.333
Current liabilities 28.855.859 24.939.139
Minority interests 0 0
Miscellaneous
liabilities 65.830 68.886
Total liabilities 30.128.304 29.388.226
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 45.179.547 51.911.884
Other income 29.000 29.120
Total expenses 44.583.357 48.521.045
Operating profit 625.190 3.419.959
Balance financial P/L -572.678 -58.969
Net profit/loss 1] 52.512 3.360.990
Taxation 16.845 137.630
Share in P/L of
subsidiaries 0 0
Net profit/loss 2] 35.667 3.223.360
Balance
extraordinary P/L 150.677 12.226
Taxation 0 0
Extraordinary P/L
2] 150.677 12.226
Res. sub.
companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L -144.292 -3.237.538
Net result 42.052 -1.952
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 1,4 12,4
Equity/outside
capital 1,4 14,2
LIQUIDITY
Current ratio 1 1,1
Acid test 0,6 0,5
RATES OF RETURN %
Total assets 0,2 11,4
Shareholders equity 12,5 91,9
Pre tax
margin % 0,1 6,5
Turnover rate 150 176,6
(x
1) (x 1)
-------------------- --------------------
Working capital -100.153 3.126.513
Shareholders equity + Equalization acc. 420.994 3.657.919
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%)