MIRA
INFORM REPORT
|
Report Date : |
04.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AKHIL GEMS BVBA |
|
|
|
|
Registered Office : |
160 Mechelsesteenweg Antwerpen 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
23.07.1993 |
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|
|
|
Com. Reg. No.: |
450493041 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of Diamonds and other 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 : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company
Summary
|
COMPANY SUMMARY |
|
|
Business Name |
AKHIL GEMS BVBA |
|
Business Number |
450493041 |
|
Address |
160 MECHELSESTEENWEG ANTWERPEN |
|
Post Code |
2018 |
|
Telephone |
032309933 |
|
Fax Number |
|
|
Date of Establisment |
23-07-1993 |
|
Number of Employees |
0 |
|
CREDIT
INFORMATION SUMMARY |
|
|
Date of Deposit at Registry |
12-07-2007 |
|
Date of Last Accounts |
31-12-2007 |
|
Turnover |
2,910,733 |
|
Results of Ordinary Operations Before Tax |
5,255 |
|
Networth |
257,513 |
|
PAST PAYMENTS |
|
|
Payment Expectation Days |
72.71 |
|
Days Sales Outstanding |
67.08 |
|
Industry Average Payment Expectation Days |
128.57 |
|
Industry Average Day Sales Outstanding |
112.51 |
|
COURT DATA
SUMMARY |
|
|
bankruptcy
details |
|
|
Court Action Type |
None |
|
Protested
Bills |
|
|
Bill Amount |
|
|
NSSO
Details |
|
|
Date of Summons |
-- |
Company
Information
|
COMPANY DETAILS |
|
|
Business Number |
450493041 |
|
Name |
AKHIL GEMS BVBA |
|
Fax Number |
|
|
Establishment Date |
23-07-1993 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
LATEST BRANCH
DETAILS |
|
|
Street |
MECHELSESTEENWEG |
|
House Number |
209 |
|
City |
ANTWERPEN |
|
Postal Code |
2018 |
|
Trade Registered Number |
297769 |
|
Trade Registered Entry Date |
01-08-1993 |
|
CONTRACTOR
DETAILS |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
LATEST EVENT |
|
|
Serial Number |
326 |
|
Event Description |
Change of name |
Accounts
& Ratio
|
PERIOD |
|||||
|
Accounts End Date |
31-12-2007 |
% |
31-12-2006 |
% |
31-12-2005 |
|
Weeks |
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
PROFIT &
LOSS |
|||||
|
Turnover |
2,910,733 |
-11.5% |
3,287,978 |
13.5% |
2,895,916 |
|
Total Operating Expenses |
2,890,658 |
-11.9% |
3,279,255 |
13.6% |
2,885,830 |
|
Operating Result |
20,075 |
130.1% |
8,723 |
-13.5% |
10,086 |
|
Total Financial Income |
200 |
-37.5% |
320 |
1,584.2% |
19 |
|
Total Financial Expenses |
15,020 |
84.8% |
8,127 |
43.3% |
5,671 |
|
Results on Ordinary Operations Before Tax |
5,255 |
473.7% |
916 |
-79.3% |
4,434 |
|
Taxation |
1,114 |
-88.9% |
10,047 |
596.3% |
1,443 |
|
Results on Ordinary Operations After Tax |
4,141 |
145.4% |
-9,131 |
-405.3% |
2,991 |
|
Extraordinary Items |
0 |
-100.0% |
199,774 |
- |
0 |
|
Net Result |
4,141 |
-97.8% |
190,643 |
6,273.9% |
2,991 |
|
Other Information |
|||||
|
Dividends |
- |
- |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
- |
- |
|
Employee Costs |
11,998 |
- |
0 |
- |
0 |
|
- Wages & Salaries |
10,779 |
- |
- |
- |
- |
|
- Social Security Contributions |
1,219 |
- |
- |
- |
- |
|
- Other Employee Costs |
- |
- |
- |
- |
- |
|
Amortization & Depreciation |
1,352 |
-85.9% |
9,585 |
0.4% |
9,548 |
|
BALANCE SHEET |
|||||
|
Accounts End Date |
31-12-2007 |
% |
31-12-2006 |
% |
31-12-2005 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Intangible Fixed Assets |
0 |
- |
0 |
- |
0 |
|
Tangible Fixed Assets |
3,254 |
-29.3% |
4,605 |
-53.9% |
9,990 |
|
- Land And Buildings |
0 |
- |
0 |
- |
0 |
|
- Plant And Machinery |
0 |
- |
0 |
- |
0 |
|
- Other Tangible Assets |
3,254 |
-29.3% |
4,605 |
-53.9% |
9,990 |
|
Financial Fixed Assets |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
3,254 |
-29.3% |
4,605 |
-53.9% |
9,990 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
414,299 |
21.0% |
342,512 |
158.7% |
132,403 |
|
Trade Debtors |
534,901 |
-19.0% |
660,604 |
-0.9% |
666,276 |
|
Cash |
47,440 |
-3.9% |
49,364 |
384.2% |
10,195 |
|
- Miscellaneous Current Assets |
1,354 |
12.0% |
1,209 |
-3.4% |
1,252 |
|
Total Current Assets |
997,994 |
-5.3% |
1,053,689 |
30.1% |
810,126 |
|
|
|||||
|
- Trade Creditors |
575,812 |
-13.6% |
666,310 |
-2.6% |
684,385 |
|
- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
0 |
-100.0% |
6,329 |
-9.0% |
6,957 |
|
- Miscellaneous Current Liabilities |
167,922 |
11.0% |
151,283 |
92.2% |
78,716 |
|
Total Current Liabilities |
743,734 |
-9.7% |
823,922 |
7.0% |
770,058 |
|
|
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
0 |
- |
0 |
-100.0% |
6,329 |
|
- Other Long Term Liabilities |
0 |
- |
0 |
- |
0 |
|
Total Long Term Debts |
0 |
- |
0 |
-100.0% |
6,329 |
|
|
|||||
|
- Issued Share Capital |
240,000 |
1,190.9% |
18,592 |
0.0% |
18,592 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
17,513 |
-91.9% |
215,780 |
758.4% |
25,137 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
257,513 |
9.9% |
234,372 |
436.0% |
43,729 |
|
|
|||||
|
Working Capital |
254,260 |
10.7% |
229,767 |
473.4% |
40,068 |
|
Net Worth |
257,513 |
9.9% |
234,372 |
436.0% |
43,729 |
|
RATIO ANALYSIS |
|||||
|
Trading
Performance |
|||||
|
Pre-tax Profit Margin |
0.18 |
500.0% |
0.03 |
-80.0% |
0.15 |
|
Return On Capital Employed |
2.04 |
423.1% |
0.39 |
-95.6% |
8.86 |
|
Return On Total Assets Employed |
0.52 |
477.8% |
0.09 |
-83.3% |
0.54 |
|
Return On Net Assets Employed |
2.07 |
417.5% |
0.40 |
-96.4% |
11.07 |
|
Sales / Net Working Capital |
11.45 |
-20.0% |
14.31 |
-80.2% |
72.28 |
|
Operating
Efficiency |
|||||
|
Stock Turnover Ratio |
14.23 |
36.6% |
10.42 |
128.0% |
4.57 |
|
Debtor Days |
67.08 |
-8.5% |
73.33 |
-12.7% |
83.98 |
|
Creditor Days |
72.71 |
-2.0% |
74.16 |
-14.3% |
86.56 |
|
Short Term
Stability |
|||||
|
Current Ratio |
1.34 |
4.7% |
1.28 |
21.9% |
1.05 |
|
Liquidity Ratio / Acid Ratio |
0.78 |
-9.3% |
0.86 |
-2.3% |
0.88 |
|
Current Debt Ratio |
2.89 |
-17.9% |
3.52 |
-80.0% |
17.61 |
|
Long Term Stability |
|||||
|
Gearing |
0 |
-100.0% |
2.70 |
-91.1% |
30.38 |
|
Equity In Percentage |
0.26 |
18.2% |
0.22 |
340.0% |
0.05 |
|
Total Debt Ratio |
0 |
-100.0% |
0.03 |
-90.0% |
0.30 |
|
INDUSTRY COMPARISON
|
|
|
Activity Code |
46761 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
Payment
Expectations
|
PAYMENT
EXPECTATIONS |
|
|
Payment Expectation Days |
72.71 |
|
Day Sales Outstanding |
67.08 |
|
INDUSTRY
COMPARISON |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
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INDUSTRY
QUARTILE ANALYSIS |
|
|
Payment
Expectation Days |
|
|
Payment Expectations - Lower |
42.94 |
|
Payment Expectations - Median |
83.26 |
|
Payment Expectations - Upper |
143.21 |
|
Day
Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
31.12 |
|
Day Sales Outstanding - Median |
70.24 |
|
Day Sales Outstanding - Upper |
143.90 |
Shareholders
No holding companies for this company.
No subsidaries for this company.
Court
Data
|
PROTESTED BILLS |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
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City of Drawer |
-- |
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NSSO DETAILS |
|
|
Business Number |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
Labour Court |
-- |
|
Bankruptcy Data |
|
There is no bankruptcy data against this company. |
Directors
|
COMPANY DIRECTOR |
|
|
Full Name |
KALPESH KANTILAL BAKHAI |
|
Position |
Manager |
|
Address |
160 MECHELSESTEENWEG ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
-- |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.62 |
|
UK Pound |
1 |
Rs.76.71 |
|
Euro |
1 |
Rs.61.30 |
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%)