MIRA
INFORM REPORT
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Report Date : |
29.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
JEWEL GOLDI BVBA |
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Registered Office : |
Hoveniersstraat 30 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 : |
13.11.2003 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Processing and having processed of and trade in any kind
as well as taking into consignment of polished and unpolished diamonds; representations in this field. |
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
Jewel Goldi BVBA
Hoveniersstraat 30
2018 ANTWERPEN
Tel.:+32
(0)3-2273266
Legal status
Private limited company
Founded
13/11/2003 as BVBA
Trade register
99861938
Capital
Nominal EUR 18.600,--
Issued and paid up EUR 18.600,--
Management
-D. Goldi Bvba,
Hoveniersstraat 30, 2018
ANTWERPEN
Activity
Processing and having processed of and trade in any kind as well as taking into consignment of polished and unpolished diamonds; representations in this field.
Turnover
Net turnover:
2006 Euro 32.769
2005 Euro 15.332
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 7.077
2005 Euro (11.002)
The
shareholders equity was as of:
31/12/2006 Euro 15.539
31/12/2005 Euro 8.462
The working
capital was as of:
31/12/2006 Euro 15.461
31/12/2005 Euro 6.467
Full
address:
Hoveniersstraat
30, bus 260
2018
Antwerpen
Subject
matter has been eating into the shareholders' equity.
Mr. Dinesh
Narola, Quinten Matsijslei 12, bus 17, Antwerp, is the
permanent
representative of D. Goldi BVBA.
Banks
Under remarks
VAT-nr.
BE861938733
Mode
of payment
No complaints have been
registered
Credit
demand
No objections
against entering into a business relationship. In view of the financial
situation, we recommend you to follow the company s future developments.
The following financial data is retrieved from
the corporate balance sheet of :
Jewel
Goldi BVBA
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 544 78
Financial assets 1.451 0
Miscellaneous fixed assets 0 0
Total fixed
assets 1.995 78
Stock 51.247 0
Receivables 402 0
Shares 0 0
Liquid assets 5.182 57.248
Miscellaneous current assets 0 0
Total current assets 56.831 57.248
Shareholders
equity 8.462 15.539
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 50.364 41.787
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 58.826 57.326
PROFIT & LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 15.332 32.769
Other income 0 0
Total expenses 18.075 25.372
Operating profit -2.743 7.397
Balance financial
P/L -8.259 -325
Net profit/loss 1] -11.002 7.072
Taxation 0 -5
Share in P/L of
subsidiaries 0 0
Net profit/loss 2] -11.002 7.077
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 -11.002 7.077
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 14,4 27,1
Equity/outside
capital 16,8 37,2
LIQUIDITY
Current ratio 1,1 1,4
Acid test 0,1 1,4
RATES OF RETURN %
Total assets -18,7 12,3
Shareholders equity -130 45,5
Pre tax
margin % -71,8 21,6
Turnover rate 26,1 57,2
(x
1) (x 1)
-------------------- --------------------
Working capital 6.467 15.461
Shareholders equity + Equalization acc. 8.462 15.539
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%)