MIRA INFORM REPORT
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Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
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Name : |
RAJ GEMS BVBA |
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Registered Office : |
2, Hoveniersstraat, Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
26.07.2007 |
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Com. Reg. No.: |
891406640 |
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Legal Form : |
Private Limited Liability Company |
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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 |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 |
|
Off-credit |
D |
Company
Information
|
Company Summary |
|
|
company details |
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Company Number |
891406640 |
|
Name |
RAJ GEMS BVBA |
|
Address |
2, HOVENIERSSTRAAT, ANTWERPEN |
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Post Code |
|
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Telephone Number |
032253100 |
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Fax Number |
-- |
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Establishment Date |
26-07-2007 |
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Company Status |
ACTIVE |
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Company Type |
Private limited liability company |
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Number of Employees |
0 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
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Activity Code |
46761 |
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Liable For Vat |
yes |
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Currency |
Euro (€) |
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Latest Branch Details |
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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 |
|
|
Serial Number |
165564 |
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Event Description |
Transfer of registered office |
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Rating and Limit |
|
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Credit Information |
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Credit Limit (€) |
|
|
Purchase Limit (€) |
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Industry Comparison |
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|
Industry Average Credit Limit (€) |
160,643 |
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Payment Expectations |
|
|
Payment Expectations |
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Payment Expectation Days |
|
|
Day Sales Outstanding |
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Industry Comparison |
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Activity Code |
4676 |
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Activity
Description |
Wholesale of other intermediate products |
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Industry Average
Day Sales Outstanding |
124.66 |
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Industry Average
Payment Expectation Days |
137 |
|
Industry Quartile Analysis |
|
|
Payment
Expectations - Lower |
41.25 |
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Payment
Expectations - Median |
90.32 |
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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 |
|
Day Sales Outstanding - Upper |
158.58 |
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Company Shareholder Holding |
|
Company Accounts
|
Period |
||
|
Accounts End Date |
31-12-2009 |
31-12-2008 |
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Currency |
EUR |
EUR |
|
Weeks |
52 |
52 |
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Profit & Loss |
||
|
Turnover |
- |
- |
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Total Operating Expenses |
- |
- |
|
Operating Result |
82,040 |
74,927 |
|
Total Financial Income |
3 |
371 |
|
Total Financial Expenses |
31,042 |
39,854 |
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Results on Ordinary Operations Before Tax |
51,001 |
35,444 |
|
Taxation |
18,000 |
13,862 |
|
Results on Ordinary Operations After Tax |
33,001 |
21,582 |
|
Extraordinary Items |
0 |
0 |
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Net Result |
33,001 |
21,582 |
|
Other Information |
||
|
Dividends |
- |
- |
|
Director Remuneration |
- |
- |
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Employee Costs |
0 |
0 |
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- Wages & Salaries |
- |
- |
|
- Employee Pension Costs |
- |
- |
|
- Social Security Contributions |
- |
- |
|
- Other Employee Costs |
- |
- |
|
Amortization & Depreciation |
1,925 |
1,640 |
|
Balance Sheet |
||
|
Intangible Fixed Assets |
0 |
0 |
|
Tangible Fixed Assets |
43,068 |
8,113 |
|
- Land And Buildings |
0 |
0 |
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- Plant And Machinery |
6,852 |
7,863 |
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- Other Tangible Assets |
36,216 |
250 |
|
Financial Fixed Assets |
0 |
0 |
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Total Fixed Assets |
43,068 |
8,113 |
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Inventories |
1,062,954 |
494,976 |
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- Raw Materials & Consumables |
0 |
0 |
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- Work in Progress |
0 |
0 |
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- Finished Goods |
0 |
0 |
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- Other Stocks |
1,062,954 |
494,976 |
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Trade Debtors |
4,217,217 |
809,102 |
|
Cash |
367,380 |
164,285 |
|
- Miscellaneous Current Assets |
2,675 |
2,776 |
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Total Current Assets |
5,657,653 |
1,474,124 |
|
Current Liabilities |
||
|
- Trade Creditors |
4,714,564 |
662,063 |
|
- Short Term Group Loans |
0 |
0 |
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- Other Short Term Loans |
22,761 |
8,916 |
|
- Miscellaneous Current Liabilities |
644,944 |
545,192 |
|
Total Current Liabilities |
5,382,269 |
1,216,171 |
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Long Term Debts |
||
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- Long Term Group Loans |
0 |
0 |
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- Other Long Term Loans |
242,827 |
225,835 |
|
- Other Long Term Liabilities |
2,442 |
49 |
|
Total Long Term Debts |
245,269 |
225,884 |
|
Shareholders Equity |
||
|
- Issued Share Capital |
18,600 |
18,600 |
|
- Share Premium Account |
0 |
0 |
|
- Reserves |
54,584 |
21,582 |
|
- Revaluation Reserve |
0 |
0 |
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Total Shareholders Equity |
73,184 |
40,182 |
|
|
||
|
Working Capital |
275,384 |
257,953 |
|
Net Worth |
73,184 |
40,182 |
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Ratio Analysis |
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
- |
- |
|
Return On Capital Employed |
16.02 |
13.32 |
|
Return On Total Assets Employed |
0.89 |
2.39 |
|
Return On Net Assets Employed |
18.52 |
13.74 |
|
Sales / Net Working Capital |
- |
- |
|
Operating Efficiency |
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Stock Turnover Ratio |
- |
- |
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Debtor Days |
- |
- |
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Creditor Days |
- |
- |
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Short Term Stability |
||
|
Current Ratio |
1.05 |
1.21 |
|
Liquidity Ratio / Acid Ratio |
0.85 |
0.81 |
|
Current Debt Ratio |
73.54 |
30.27 |
|
Long Term Stability |
||
|
Gearing |
362.90 |
584.22 |
|
Equity In Percentage |
0.01 |
0.03 |
|
Total Debt Ratio |
3.63 |
5.84 |
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 |
NILESH BABULAL SHAH |
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Birth Date |
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Position Description |
Manager |
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Address |
22 ADRIAAN WILLAERTSTRAAT EDEGEM |
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Country |
-- |
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Postal Code |
2650 |
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Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
UK Pound |
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.83 |
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 |
|
---- |
NB |
New Business |
---- |
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.