MIRA INFORM
REPORT
|
Report Date : |
14.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHRENUJ NV |
|
|
|
|
Registered Office : |
62, Pelikaanstraat, Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
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|
|
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Date of Incorporation : |
23.09.2005 |
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|
|
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Com. Reg. No.: |
876762313 |
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|
|
Legal Form : |
Limited Company |
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|
|
|
Line of Business : |
Wholesaler of diamonds and other precious stones |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
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Payment
Behaviour : |
Unknown |
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|
|
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company
Summary
|
company details |
|
|
Company Number |
876762313 |
|
Name |
SHRENUJ NV |
|
Address |
62, PELIKAANSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032316373 |
|
Fax Number |
032323236 |
|
Establishment Date |
23-09-2005 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
2 |
|
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 |
|
|
Trade Registered
Entry Date |
-- |
|
Contractor Details |
|
|
Registration
Number |
-- |
|
Contractor
Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
160291 |
|
Event Description |
Redistribution of shares |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
|
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
109.36 |
|
Day Sales Outstanding |
196.18 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
Industry Average Day Sales Outstanding |
124.12 |
|
Industry Average Payment Expectation Days |
134.83 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
40.62 |
|
Payment Expectations - Median |
89.28 |
|
Payment Expectations - Upper |
161.64 |
|
|
|
|
Day Sales Outstanding - Lower |
31.51 |
|
Day Sales Outstanding - Median |
74.72 |
|
Day Sales Outstanding - Upper |
156.03 |
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Company Shareholder Holding |
|
|
Shareholder Detail |
|
|
Company Number |
3881780 |
|
Company Name |
SHRENUJ DMCC |
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Address |
106 GOLD LAND BUILDING, PLOT 113-453, AL DAGHAYA, DIERA, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
Company Accounts
|
Period |
|||
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Accounts End Date |
31-03-2010 |
31-03-2009 |
31-03-2008 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
89,196,210 |
47,377,446 |
41,678,914 |
|
Total Operating Expenses |
88,244,000 |
46,641,133 |
41,156,485 |
|
Operating Result |
952,210 |
736,313 |
522,429 |
|
Total Financial Income |
113 |
82 |
205 |
|
Total Financial Expenses |
784,689 |
622,263 |
391,126 |
|
Results on Ordinary Operations Before Tax |
167,634 |
114,132 |
131,508 |
|
Taxation |
18,258 |
12,622 |
18,819 |
|
Results on Ordinary Operations After Tax |
149,376 |
101,510 |
112,689 |
|
Extraordinary Items |
0 |
3 |
0 |
|
Net Result |
149,376 |
101,513 |
112,689 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
72,913 |
51,118 |
43,618 |
|
Employee Costs |
63,866 |
66,613 |
25,030 |
|
- Wages & Salaries |
49,132 |
57,152 |
21,052 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
8,866 |
7,256 |
2,137 |
|
- Other Employee Costs |
5,868 |
2,205 |
1,841 |
|
Amortization & Depreciation |
21,499 |
12,935 |
12,413 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
137,691 |
57,220 |
67,551 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
62,336 |
31,698 |
36,876 |
|
- Other Tangible Assets |
75,355 |
25,522 |
30,675 |
|
Financial Fixed Assets |
4,462 |
4,462 |
6,693 |
|
Total Fixed Assets |
142,153 |
61,682 |
74,244 |
|
Inventories |
7,027,303 |
3,615,327 |
4,259,669 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
7,027,303 |
3,615,327 |
4,259,669 |
|
Trade Debtors |
47,941,145 |
27,406,717 |
16,319,943 |
|
Cash |
482,546 |
22,102 |
15,871 |
|
- Miscellaneous Current Assets |
61,692 |
10,656 |
25,726 |
|
Total Current Assets |
55,533,346 |
31,063,891 |
20,628,779 |
|
Current Liabilities |
|||
|
- Trade Creditors |
26,439,268 |
15,197,335 |
10,285,471 |
|
- Short Term Group Loans |
5,426,259 |
9,100,231 |
0 |
|
- Other Short Term Loans |
22,850,635 |
12,185,371 |
6,952,293 |
|
- Miscellaneous Current Liabilities |
-5,104,194 |
-8,049,139 |
866,363 |
|
Total Current Liabilities |
49,611,968 |
28,433,798 |
18,104,127 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
2,539,996 |
10,356 |
15,365 |
|
- Other Long Term Liabilities |
24,900 |
2,086 |
5,713 |
|
Total Long Term Debts |
2,564,896 |
12,442 |
21,078 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
3,110,867 |
2,440,940 |
2,440,940 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
387,768 |
238,392 |
136,879 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
3,498,635 |
2,679,332 |
2,577,819 |
|
|
|||
|
Working Capital |
5,921,378 |
2,630,093 |
2,524,652 |
|
Net Worth |
3,498,635 |
2,679,332 |
2,577,819 |
|
Ratio Analysis |
|||
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Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
0.19 |
0.24 |
0.32 |
|
Return On Capital Employed |
2.76 |
4.24 |
5.06 |
|
Return On Total Assets Employed |
0.30 |
0.37 |
0.64 |
|
Return On Net Assets Employed |
2.83 |
4.34 |
5.21 |
|
Sales / Net Working Capital |
15.06 |
18.01 |
16.51 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
7.88 |
7.63 |
10.22 |
|
Debtor Days |
196.18 |
211.14 |
142.92 |
|
Creditor Days |
109.36 |
118.93 |
91.22 |
|
Short Term Stability |
|||
|
Current Ratio |
1.12 |
1.09 |
1.14 |
|
Liquidity Ratio / Acid Ratio |
0.98 |
0.97 |
0.90 |
|
Current Debt Ratio |
14.18 |
10.61 |
7.02 |
|
Long Term Stability |
|||
|
Gearing |
880.83 |
794.82 |
270.29 |
|
Equity In Percentage |
0.06 |
0.09 |
0.12 |
|
Total Debt Ratio |
8.81 |
7.95 |
2.70 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
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Bill Amount |
|
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Bill Currency |
-- |
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Maturity of Bill (month) |
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Name of Drawer |
-- |
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City of |
-- |
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NSSO Details |
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Name of Defendant |
-- |
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Legal Form of Defendant |
-- |
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Date of Summons |
|
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|
-- |
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Directors |
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|
Company Director |
|
|
Full Name |
APOORVA PRAKASH DOSHI |
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Birth Date |
|
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Position Description |
Managing director |
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Address |
12 DONGARSHI ROAD AKASHDEEP MALABAR HILL MUMBA |
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Country |
|
|
Postal Code |
0 |
|
Birth Date |
2012-01-01 |
|
Company Director |
|
|
Full Name |
JAMIR SEVANTILAL SHAH |
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Birth Date |
|
|
Position Description |
Director |
|
Address |
40 CHARLOTTALEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
|
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Company Director |
|
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Full Name |
BINITKUMAR SUMATILAL VAN |
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Birth Date |
|
|
Position Description |
Director |
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Address |
40 CHARLOTTALEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
2011-01-01 |
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Company Director |
|
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Full Name |
KALPIT SHAH |
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Birth Date |
|
|
Position Description |
Director |
|
Address |
75 BELGIELEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
2016-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.48 |
|
|
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.42 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.