MIRA
INFORM REPORT
|
Report Date : |
26.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
UNIQUE COLOUR GEMS BVBA |
|
|
|
|
Registered Office : |
9 Schupstraat Antwerpen 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
26.08.1991 |
|
|
|
|
Com. Reg. No.: |
444918808 |
|
|
|
|
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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company
Summary
|
COMPANY SUMMARY |
|
|
Business Name |
UNIQUE COLOUR GEMS BVBA |
|
Business Number |
444918808 |
|
Address |
9 SCHUPSTRAAT ANTWERPEN |
|
Post Code |
2018 |
|
Telephone |
032341770 |
|
Fax Number |
032342552 |
|
Date of Establisment |
26-08-1991 |
|
Number of Employees |
0 |
|
CREDIT
INFORMATION SUMMARY |
||
|
Company Status |
ACTIVE |
|
|
Date of Deposit at Registry |
21-12-2007 |
|
|
Date of Last Accounts |
31-12-2006 |
|
|
Turnover |
1,650,255 |
|
|
Results of Ordinary Operations Before Tax |
5,245 |
|
|
Networth |
-51,273 |
|
|
PAST PAYMENTS |
|
|
Payment Expectation Days |
278.58 |
|
Days Sales Outstanding |
234.73 |
|
Industry Average Payment Expectation Days |
128.46 |
|
Industry Average Day Sales Outstanding |
112.44 |
|
COURT DATA
SUMMARY |
|
|
bankruptcy
details |
|
|
Court Action Type |
None |
|
Protested
Bills |
|
|
Bill Amount |
|
|
NSSO
Details |
|
|
Date of Summons |
-- |
Company
Information
|
COMPANY DETAILS |
|
|
Business Number |
444918808 |
|
Name |
UNIQUE COLOUR GEMS BVBA |
|
Fax Number |
032342552 |
|
Establishment Date |
26-08-1991 |
|
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 |
-- |
|
House Number |
|
|
City |
-- |
|
Postal Code |
|
|
Trade Registered Number |
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|
Trade Registered Entry Date |
-- |
|
CONTRACTOR
DETAILS |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
LATEST EVENT |
|
|
Serial Number |
175459 |
|
Event Description |
Dismissal |
Accounts
& Ratio
|
PERIOD |
|||||
|
Accounts End Date |
31-12-2006 |
% |
31-12-2005 |
% |
31-12-2004 |
|
Weeks |
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
PROFIT &
LOSS |
|||||
|
Turnover |
1,650,255 |
125.0% |
733,520 |
-46.0% |
1,357,772 |
|
Total Operating Expenses |
1,642,599 |
154.4% |
645,662 |
-53.8% |
1,398,879 |
|
Operating Result |
7,656 |
-91.3% |
87,858 |
313.7% |
-41,107 |
|
Total Financial Income |
- |
- |
234,767 |
-42.1% |
405,820 |
|
Total Financial Expenses |
2,411 |
-99.3% |
338,197 |
1.0% |
334,717 |
|
Results on Ordinary Operations Before Tax |
5,245 |
133.7% |
-15,572 |
-151.9% |
29,996 |
|
Taxation |
4,753 |
- |
- |
- |
-2,024 |
|
Results on Ordinary Operations After Tax |
492 |
103.2% |
-15,572 |
-148.6% |
32,020 |
|
Extraordinary Items |
232 |
- |
0 |
- |
0 |
|
Net Result |
724 |
104.6% |
-15,572 |
-148.6% |
32,020 |
|
Other Information |
|||||
|
Dividends |
- |
- |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
- |
- |
|
Employee Costs |
137 |
-99.0% |
13,897 |
-58.4% |
33,398 |
|
- Wages & Salaries |
- |
- |
12,354 |
-55.7% |
27,887 |
|
- Social Security Contributions |
- |
- |
1,256 |
-76.8% |
5,425 |
|
- Other Employee Costs |
137 |
-52.3% |
287 |
233.7% |
86 |
|
Amortization & Depreciation |
320 |
-66.8% |
963 |
-7.8% |
1,045 |
|
BALANCE SHEET |
|||||
|
Accounts End Date |
31-12-2006 |
% |
31-12-2005 |
% |
31-12-2004 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Intangible Fixed Assets |
0 |
- |
0 |
- |
0 |
|
Tangible Fixed Assets |
4,450 |
1,009.7% |
401 |
-70.6% |
1,364 |
|
- Land And Buildings |
0 |
- |
0 |
- |
0 |
|
- Plant And Machinery |
723 |
- |
0 |
-100.0% |
883 |
|
- Other Tangible Assets |
3,727 |
829.4% |
401 |
-16.6% |
481 |
|
Financial Fixed Assets |
421 |
0.0% |
421 |
0.0% |
421 |
|
Total Fixed Assets |
4,871 |
492.6% |
822 |
-53.9% |
1,785 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
452,209 |
-64.6% |
1,276,649 |
177.9% |
459,338 |
|
Trade Debtors |
1,061,265 |
206.7% |
346,077 |
-23.9% |
455,022 |
|
Cash |
7,282 |
-92.6% |
97,870 |
-21.3% |
124,350 |
|
- Miscellaneous Current Assets |
34,256 |
19.9% |
28,573 |
14.5% |
24,963 |
|
Total Current Assets |
1,555,012 |
-11.1% |
1,749,169 |
64.4% |
1,063,673 |
|
|
|||||
|
- Trade Creditors |
1,253,682 |
-9.1% |
1,378,890 |
93.6% |
712,102 |
|
- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
0 |
- |
0 |
- |
0 |
|
- Miscellaneous Current Liabilities |
357,474 |
-15.5% |
423,098 |
8.5% |
389,781 |
|
Total Current Liabilities |
1,611,156 |
-10.6% |
1,801,988 |
63.5% |
1,101,883 |
|
|
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Liabilities |
0 |
- |
0 |
- |
0 |
|
Total Long Term Debts |
0 |
- |
0 |
- |
0 |
|
|
|||||
|
- Issued Share Capital |
18,600 |
0.0% |
18,600 |
0.0% |
18,600 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
-69,873 |
1.0% |
-70,597 |
-28.3% |
-55,025 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
-51,273 |
1.4% |
-51,997 |
-42.8% |
-36,425 |
|
|
|||||
|
Working Capital |
-56,144 |
-6.3% |
-52,819 |
-38.2% |
-38,210 |
|
Net Worth |
-51,273 |
1.4% |
-51,997 |
-42.8% |
-36,425 |
|
RATIO ANALYSIS |
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Trading Performance |
|||||
|
Pre-tax Profit Margin |
0.32 |
115.1% |
-2.12 |
-195.9% |
2.21 |
|
Return On Capital Employed |
-10.23 |
-134.2% |
29.95 |
136.4% |
-82.35 |
|
Return On Total Assets Employed |
0.34 |
138.2% |
-0.89 |
-131.6% |
2.82 |
|
Return On Net Assets Employed |
-9.34 |
-131.7% |
29.48 |
137.6% |
-78.50 |
|
Sales / Net Working Capital |
-29.39 |
-111.6% |
-13.89 |
60.9% |
-35.53 |
|
Operating Efficiency |
|||||
|
Stock Turnover Ratio |
27.40 |
-84.3% |
174.04 |
414.5% |
33.83 |
|
Debtor Days |
234.73 |
36.3% |
172.21 |
40.8% |
122.32 |
|
Creditor Days |
278.58 |
-64.3% |
779.50 |
319.5% |
185.80 |
|
Short Term Stability |
|||||
|
Current Ratio |
0.97 |
0.0% |
0.97 |
0.0% |
0.97 |
|
Liquidity Ratio / Acid Ratio |
0.68 |
161.5% |
0.26 |
-52.7% |
0.55 |
|
Current Debt Ratio |
-31.42 |
9.3% |
-34.66 |
-14.6% |
-30.25 |
|
Long Term Stability |
|||||
|
Gearing |
0 |
- |
0 |
- |
0 |
|
Equity In Percentage |
-0.03 |
0.0% |
-0.03 |
0.0% |
-0.03 |
|
Total Debt Ratio |
0 |
- |
0 |
- |
0 |
|
INDUSTRY
COMPARISON |
|
|
Activity Code |
46761 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Industry Average Credit Rating |
60.94 |
|
Industry Average Credit Limit (€) |
160,936 |
Payment
Expectations
|
PAYMENT
EXPECTATIONS |
|
|
Payment Expectation Days |
278.58 |
|
Day Sales Outstanding |
234.73 |
|
INDUSTRY
COMPARISON |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
INDUSTRY
QUARTILE ANALYSIS |
|
|
Payment
Expectation Days |
|
|
Payment Expectations - Lower |
43.35 |
|
Payment Expectations - Median |
83.34 |
|
Payment Expectations - Upper |
143.01 |
|
Day
Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
31.05 |
|
Day Sales Outstanding - Median |
69.93 |
|
Day Sales Outstanding - Upper |
144.39 |
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 |
-- |
|
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 |
|
|
FullName |
JAI KISHAN JAJOO |
|
Position |
Manager |
|
Address |
12 QUINTEN MATSIJSLEI ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
-- |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.85 |
|
UK Pound |
1 |
Rs.76.60 |
|
Euro |
1 |
Rs.64.68 |
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%)