MIRA
INFORM REPORT
|
Report Date : |
03.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
K. VIJAY BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 12 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
06.03.1997 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
The
Trade, including Import and Export, of and Manufacture and Processing of
Diamonds, both Polished and Raw, Precious Stones and Precious Metals. |
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 : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
K. Vijay Bvba
Hoveniersstraat 12
ANTWERPEN
Tel.:+32
(0)3-2323248
Legal
status
Private limited company
Founded
06/03/1997 as BVBA
Trade
register
52322005
Capital
Nominal EUR 18.592,--
Issued and paid up EUR 18.592,--
Management
Dhansukbhai
DondaBelgielei 98/8, 2018 Antwerpen
Activity
The trade,
including import and export, of and manufacture and processing of diamonds,
both polished and raw, precious stones and precious metals.
Staff
One employee
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:
2007 Euro 36.204
2006 Euro 214.551
The
shareholders equity was as of:
31/12/2007 Euro 318.053
31/12/2006 Euro 281.849
The working
capital was as of:
31/12/2007 Euro 310.637
31/12/2006 Euro 273.502
Shareholders
were, at time when subject matter was established:
Dhansukbhai Donda : 99,80 %
Ms. Ooms, Moeshofstraat 137, 2018 Antwerpen : 0,20 %
No changes were ever publsihed.
Banks
ABN-AMRO Bank NV
VAT-nr.
BE460205117
Mode
of payment
No complaints have been
registered
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from
the corporate balance sheet of :
K. Vijay Bvba
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Intangible assets 0 0
Tangible assets 16.051 9.897
Financial assets 248 248
Miscellaneous fixed assets 0 0
Total fixed assets 16.299 10.145
Stock 629.816 1.216.267
Receivables 1.834.334 4.250.940
Shares 0 0
Liquid assets 5.690 13.198
Miscellaneous current assets 0 0
Total current assets 2.469.840 5.480.405
Shareholders
equity 281.849 318.053
Provisions 0 0
Long-term liabilities 7.952 2.729
Current liabilities 2.196.338 5.169.768
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 2.486.139 5.490.550
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Turnover 0 0
Other income 0 0
Total expenses 0 0
Operating profit 280.457 113.354
Balance financial P/L -45.404 -62.725
Net profit/loss 1] 235.053 50.629
Taxation 20.502 14.425
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 214.551 36.204
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 214.551 36.204
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2006----- -----2007-----
EQUITY %
Equity gearing 11,3 5,8
Equity/outside capital 12,8 6,1
LIQUIDITY
Current ratio 1,1 1,1
Acid test 0,8 0,8
RATES OF RETURN %
Total assets 9,5 0,9
Shareholders
equity 83,4 15,9
Pre tax margin
% 0 0
Turnover rate 0 0
(x
1) (x 1)
-------------------- --------------------
Working capital 273.502 310.637
Shareholders
equity + Equalization acc. 281.849 318.053
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.88 |
|
UK Pound |
1 |
Rs.82.97 |
|
Euro |
1 |
Rs.64.99 |
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%)