MIRA INFORM
REPORT
|
Report Date : |
20.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
PINK STAR BVBA |
|
|
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|
Registered Office : |
53, Hoveniersstraat, Antwerpen 2018 |
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Country : |
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|
|
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
31.01.1991 |
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Com. Reg. No.: |
442820440 |
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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 : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment
Behaviour : |
No Complaints |
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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) |
|
Belgium |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Summary
|
Company details |
|
|
Company Number |
442820440 |
|
Name |
PINK STAR BVBA |
|
Address |
53, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
2018 |
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Telephone Number |
032324922 |
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Fax Number |
032324922 |
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Establishment Date |
31-01-1991 |
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Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
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Number of Employees |
0 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
SCHUPSTRAAT |
|
House Number |
1 |
|
City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade Registered Number |
281507 |
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Trade Registered
Entry Date |
01-03-1991 |
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Contractor Details |
|
|
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 |
242 |
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Event Description |
Change of articles of association |
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Industry Comparison |
|
|
Industry Average
Credit Limit (€) |
118,020 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
92.02 |
|
Day Sales Outstanding |
69 |
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Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity
Description |
Wholesale of other intermediate products |
|
Industry Average
Day Sales Outstanding |
124.04 |
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Industry Average
Payment Expectation Days |
133.38 |
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Industry Quartile Analysis |
|
|
Payment Expectations
- Lower |
41.13 |
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Payment
Expectations - Median |
86.73 |
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Payment
Expectations - Upper |
161.36 |
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|
|
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Day Sales
Outstanding - Lower |
30.50 |
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Day Sales
Outstanding - Median |
73.59 |
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Day Sales
Outstanding - Upper |
156.45 |
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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 |
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Profit & Loss |
|||
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Turnover |
4,680,249 |
7,126,588 |
6,629,005 |
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Total Operating Expenses |
4,642,077 |
7,055,734 |
6,573,472 |
|
Operating Result |
38,172 |
70,854 |
55,533 |
|
Total Financial Income |
- |
- |
- |
|
Total Financial Expenses |
36,092 |
65,288 |
44,603 |
|
Results on Ordinary Operations Before Tax |
2,080 |
5,567 |
10,929 |
|
Taxation |
- |
1,854 |
1,500 |
|
Results on Ordinary Operations After Tax |
2,080 |
3,713 |
9,429 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
2,080 |
3,713 |
9,429 |
|
Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
0 |
0 |
0 |
|
- Wages & Salaries |
- |
- |
- |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
- |
- |
- |
|
- Other Employee Costs |
- |
- |
- |
|
Amortization & Depreciation |
13,740 |
14,174 |
13,583 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
124,087 |
137,828 |
152,002 |
|
- Land And Buildings |
122,650 |
135,135 |
147,620 |
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- Plant And Machinery |
0 |
0 |
0 |
|
- Other Tangible Assets |
1,437 |
2,693 |
4,382 |
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Financial Fixed Assets |
2,293 |
2,293 |
2,293 |
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Total Fixed Assets |
126,380 |
140,121 |
154,295 |
|
Inventories |
1,933,267 |
2,516,565 |
3,071,517 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
1,933,267 |
2,516,565 |
3,071,517 |
|
Trade Debtors |
884,785 |
1,330,195 |
1,744,536 |
|
Cash |
505,549 |
156,530 |
107,773 |
|
- Miscellaneous Current Assets |
0 |
0 |
0 |
|
Total Current Assets |
3,326,043 |
4,008,349 |
4,931,203 |
|
Current Liabilities |
|||
|
- Trade Creditors |
1,170,319 |
1,833,285 |
2,705,755 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
378,682 |
389,473 |
368,509 |
|
- Miscellaneous Current Liabilities |
924,997 |
925,929 |
970,529 |
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Total Current Liabilities |
2,473,998 |
3,148,687 |
4,044,793 |
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Long Term Debts |
|||
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- Long Term Group Loans |
0 |
0 |
0 |
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- Other Long Term Loans |
110,105 |
141,709 |
171,910 |
|
- Other Long Term Liabilities |
8,167 |
0 |
14,435 |
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Total Long Term Debts |
118,272 |
141,709 |
186,345 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
18,592 |
18,592 |
18,592 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
841,561 |
839,481 |
835,768 |
|
- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
860,153 |
858,073 |
854,360 |
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|
|||
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Working Capital |
852,045 |
859,662 |
886,410 |
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Net Worth |
860,153 |
858,073 |
854,360 |
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Ratio Analysis |
|||
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
0.04 |
0.08 |
0.16 |
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Return On Capital Employed |
0.21 |
0.56 |
1.05 |
|
Return On Total Assets Employed |
0.06 |
0.13 |
0.21 |
|
Return On Net Assets Employed |
0.24 |
0.65 |
1.23 |
|
Sales / Net Working Capital |
5.49 |
8.29 |
7.48 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
41.31 |
35.31 |
46.33 |
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Debtor Days |
69 |
68.13 |
96.06 |
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Creditor Days |
92.02 |
94.84 |
150.24 |
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Short Term Stability |
|||
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Current Ratio |
1.34 |
1.27 |
1.22 |
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Liquidity Ratio / Acid Ratio |
0.56 |
0.47 |
0.46 |
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Current Debt Ratio |
2.88 |
3.67 |
4.73 |
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Long Term Stability |
|||
|
Gearing |
56.83 |
61.90 |
63.25 |
|
Equity In Percentage |
0.25 |
0.21 |
0.17 |
|
Total Debt Ratio |
0.57 |
0.62 |
0.63 |
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 |
-- |
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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 |
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Full Name |
SUNIL NANALAL SHAH |
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Birth Date |
|
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Position Description |
Manager |
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Address |
59 VAN LERIUSSTRAAT 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.44.68 |
|
|
1 |
Rs.72.56 |
|
Euro |
1 |
Rs.63.53 |
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.