MIRA INFORM REPORT
|
Report Date : |
19.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHAYONA BVBA |
|
|
|
|
Registered Office : |
170, Belgielei, Antwerpen |
|
|
|
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Country : |
Belgium |
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|
|
|
Financials (as on) : |
31.12.2009s |
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Date of Incorporation : |
26.04.1982 |
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|
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Com. Reg. No.: |
422692940 |
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|
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Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business : |
Wholesale 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 |
|
Payment
Behaviour : |
Unknown |
|
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) |
|
Belgium |
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 |
|
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Company Number |
422692940 |
|
Name |
|
|
Address |
170, BELGIELEI, ANTWERPEN |
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Post Code |
|
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Telephone Number |
032337240 |
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Fax Number |
032318653 |
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Establishment Date |
26-04-1982 |
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Company Status |
ACTIVE |
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Company Type |
Private limited liability company |
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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 |
-- |
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House Number |
|
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City |
-- |
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Postal Code |
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|
Trade Registered Number |
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Trade Registered Entry Date |
-- |
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Contractor Details |
|
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Registration Number |
-- |
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Contractor Description |
-- |
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Striking Off Date |
-- |
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Latest Event |
|
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Serial Number |
27131 |
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Event Description |
Transfer of registered office |
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Limit |
|
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Credit Information |
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|
Credit Limit (€) |
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Purchase Limit (€) |
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Industry Comparison |
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|
Industry Average Credit Rating |
66.74 |
|
Industry Average Credit Limit (€) |
160,573 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
3323.25 |
|
Day Sales Outstanding |
1197.46 |
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Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
Industry Average
Day Sales Outstanding |
124.66 |
|
Industry Average Payment Expectation Days |
137 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
41.25 |
|
Payment Expectations - Median |
90.32 |
|
Payment Expectations - Upper |
162.53 |
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|
|
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Day Sales Outstanding - Lower |
31.52 |
|
Day Sales Outstanding - Median |
75.21 |
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Day Sales Outstanding - Upper |
158.58 |
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Company Shareholder Holding |
|
Company Accounts
|
Period |
|||
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Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
450,772 |
949,504 |
13,918 |
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Total Operating Expenses |
461,175 |
1,135,201 |
16,356 |
|
Operating Result |
-10,403 |
-185,697 |
-2,438 |
|
Total Financial Income |
1 |
14,560 |
2 |
|
Total Financial Expenses |
174 |
46,665 |
147,355 |
|
Results on Ordinary Operations Before Tax |
-10,576 |
-217,802 |
-149,791 |
|
Taxation |
- |
- |
-307 |
|
Results on Ordinary Operations After Tax |
-10,576 |
-217,802 |
-149,484 |
|
Extraordinary Items |
0 |
119,501 |
112,830 |
|
Net Result |
-10,576 |
-98,301 |
-36,654 |
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Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
0 |
0 |
0 |
|
- Wages & Salaries |
- |
- |
- |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
- |
- |
- |
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- Other Employee Costs |
- |
- |
- |
|
Amortization & Depreciation |
- |
- |
1,435 |
|
Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
0 |
0 |
27,500 |
|
- Land And Buildings |
0 |
0 |
27,500 |
|
- Plant And Machinery |
0 |
0 |
0 |
|
- Other Tangible Assets |
0 |
0 |
0 |
|
Financial Fixed Assets |
3,583 |
3,583 |
3,583 |
|
Total Fixed Assets |
3,583 |
3,583 |
31,083 |
|
Inventories |
2,999,967 |
2,242,658 |
3,355,675 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
2,999,967 |
2,242,658 |
3,355,675 |
|
Trade Debtors |
1,478,857 |
1,047,673 |
1,047,673 |
|
Cash |
24,152 |
3,993 |
295,254 |
|
- Miscellaneous Current Assets |
0 |
0 |
0 |
|
Total Current Assets |
4,544,784 |
3,335,708 |
4,707,064 |
|
Current Liabilities |
|||
|
- Trade Creditors |
4,198,908 |
3,010,361 |
3,005,416 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
194,033 |
195,604 |
1,473,142 |
|
- Miscellaneous Current Liabilities |
253,875 |
206,642 |
234,651 |
|
Total Current Liabilities |
4,646,816 |
3,412,607 |
4,713,209 |
|
Long Term Debts |
|||
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- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
0 |
0 |
0 |
|
- Other Long Term Liabilities |
697 |
15,254 |
15,207 |
|
Total Long Term Debts |
697 |
15,254 |
15,207 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
18,592 |
18,592 |
18,592 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
-117,738 |
-107,162 |
-8,861 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
-99,146 |
-88,570 |
9,731 |
|
|
|||
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Working Capital |
-102,032 |
-76,899 |
-6,145 |
|
Net Worth |
-99,146 |
-88,570 |
9,731 |
|
Ratio Analysis |
|||
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
-2.35 |
-22.94 |
-1076.24 |
|
Return On Capital Employed |
10.74 |
297.07 |
-600.65 |
|
Return On Total Assets Employed |
-0.23 |
-6.52 |
-3.16 |
|
Return On Net Assets Employed |
10.37 |
283.23 |
2437.61 |
|
Sales / Net Working Capital |
-4.42 |
-12.35 |
-2.26 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
665.52 |
236.19 |
24110.32 |
|
Debtor Days |
1197.46 |
402.74 |
27475.26 |
|
Creditor Days |
3323.25 |
967.92 |
67068.77 |
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Short Term Stability |
|||
|
Current Ratio |
0.98 |
0.98 |
1 |
|
Liquidity Ratio / Acid Ratio |
0.33 |
0.32 |
0.29 |
|
Current Debt Ratio |
-46.87 |
-38.53 |
484.35 |
|
Long Term Stability |
|||
|
Gearing |
-195.70 |
-220.85 |
15138.65 |
|
Equity In Percentage |
-0.02 |
-0.03 |
0 |
|
Total Debt Ratio |
-1.96 |
-2.21 |
151.39 |
Company Court Data
|
Protested Bills |
|
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Drawee Name |
-- |
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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 Drawer |
-- |
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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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Labour Court |
-- |
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Directors |
|
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Company Director |
|
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Full Name |
SHAMJI BHAI PATEL |
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Birth Date |
|
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Position Description |
Manager |
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Address |
170 BELGIELEI ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.27 |
|
UK Pound |
1 |
Rs.7208 |
|
Euro |
1 |
Rs.63.66 |
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.