MIRA
INFORM REPORT
|
Report Date : |
23.10.2008 |
IDENTIFICATION DETAILS
|
Name : |
TARANA GEMS BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 53 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
26.09.1990 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
The Trade in and Import and Export of and Manufacture and Processing
of Diamonds. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
|
Tarana Gems Bvba
|
|
Hoveniersstraat
53 |
|
ANTWERPEN |
|
Tel.:+32
(0)3-2337088 |
|
Fax.:+32
(0)3-2312280 |
Legal status
Private limited company
Founded
26/09/1990, BVBA since 23/10/1990
Trade register
52279278
Capital
Nominal EUR 281.146,--
Issued and paid up EUR 281.146,--
Management
Sweta Samir Shah, Jachtlaan 71, 2650 Edegem
Samir Himatlal Shah,
Jachtlaan 71, 2650 Edegem
Activity
The trade in and import and export of and
manufacture and processing of diamonds.
Staff
1 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 (7.365)
2006 Euro (7.190)
The shareholders equity was as of:
31/12/2007 Euro 296.302
31/12/2006 Euro 303.667
The working capital was as of:
31/12/2007 Euro 430.309
31/12/2006 Euro 489.314
The capital was raised during 2007 from EUR 18.600,- to the current amount.
Banks
Not known
VAT-nr.
BE441666734
Mode of payment
Within terms
Credit demand
No objections against entering into a business relationship.
The
following financial data is retrieved from the corporate balance sheet of :
Tarana
Gems Bvba
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Intangible assets 0 0
Tangible assets 96.867 110.714
Financial assets 583 583
Miscellaneous
fixed assets 0 0
Total fixed assets 97.450 111.297
Stock 1.544.574 915.683
Receivables 1.532.080 1.306.499
Shares 0 0
Liquid assets 1.716 1.724
Miscellaneous
current assets 9.881 10.462
Total current
assets 3.088.251 2.234.368
Shareholders equity 303.667 296.302
Provisions 0 0
Long-term
liabilities 283.097 244.728
Current
liabilities 2.598.937 1.804.059
Minority interests 0 0
Miscellaneous
liabilities 0 576
Total liabilities 3.185.701 2.345.665
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 101.446 84.791
Balance financial
P/L -94.486 -90.766
Net profit/loss 1] 6.960 -5.975
Taxation 14.150 2.666
Share in P/L of
subsidiaries 0 0
Net profit/loss 2] -7.190 -8.641
Balance
extraordinary P/L 0 1.276
Taxation 0 0
Extraordinary P/L
2] 0 1.276
Res. sub.
companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result -7.190 -7.365
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2006----- -----2007-----
EQUITY %
Equity gearing 9,5 12,6
Equity/outside
capital 10,5 14,5
LIQUIDITY
Current ratio 1,2 1,2
Acid test 0,6 0,7
RATES OF RETURN %
Total assets 0,2 -0,3
Shareholders equity 2,3 -2
Pre tax
margin % 0 0
Turnover rate 0 0
(x
1) (x 1)
-------------------- --------------------
Working capital 489.314 430.309
Shareholders equity + Equalization acc. 303.667 296.302
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.95 |
|
UK Pound |
1 |
Rs.79.56 |
|
Euro |
1 |
Rs.63.65 |
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%)