MIRA INFORM REPORT
|
Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
SIMONI GEMS BVBA |
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|
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Registered Office : |
1, Schupstraat, Antwerpen 2018 |
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Country : |
Belgium |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
14.02.2001 |
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Com. Reg. No.: |
474128575 |
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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 : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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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 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company
Information
|
Company Summary |
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|
company details |
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|
Company Number |
474128575 |
|
Name |
SIMONI GEMS BVBA |
|
Address |
1, SCHUPSTRAAT, ANTWERPEN |
|
Post Code |
2018 |
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Telephone Number |
032313657 |
|
Fax Number |
032260461 |
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Establishment Date |
14-02-2001 |
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Company Status |
ACTIVE |
|
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 |
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Liable For Vat |
yes |
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Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
MECHELSESTEENWEG |
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House Number |
165 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade Registered Number |
343345 |
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Trade Registered Entry Date |
01-03-2001 |
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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 |
567 |
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Event Description |
Increase of capital |
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Credit Information |
|
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Purchase Limit (€) |
2,900,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,643 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
80.42 |
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Day Sales Outstanding |
152.94 |
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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 |
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Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
41.25 |
|
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 |
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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 |
30-06-2010 |
30-06-2009 |
30-06-2008 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
14,587,840 |
11,456,980 |
16,259,663 |
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Total Operating Expenses |
14,409,969 |
11,201,959 |
15,969,510 |
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Operating Result |
177,871 |
255,021 |
290,153 |
|
Total Financial Income |
4 |
93 |
169 |
|
Total Financial Expenses |
144,980 |
230,178 |
233,976 |
|
Results on Ordinary Operations Before Tax |
32,895 |
24,936 |
56,346 |
|
Taxation |
-13 |
-65 |
9,884 |
|
Results on Ordinary Operations After Tax |
32,908 |
25,001 |
46,462 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
32,908 |
25,001 |
46,462 |
|
Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
66,737 |
- |
- |
|
Employee Costs |
81,973 |
85,944 |
37,352 |
|
- Wages & Salaries |
67,354 |
71,118 |
30,172 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
13,466 |
13,825 |
6,413 |
|
- Other Employee Costs |
1,153 |
1,001 |
767 |
|
Amortization & Depreciation |
17,422 |
17,145 |
16,835 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
194,514 |
210,359 |
225,576 |
|
- Land And Buildings |
169,042 |
174,202 |
179,361 |
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- Plant And Machinery |
5,857 |
8,007 |
10,157 |
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- Other Tangible Assets |
19,615 |
28,150 |
36,058 |
|
Financial Fixed Assets |
473 |
472 |
273 |
|
Total Fixed Assets |
194,987 |
210,831 |
225,849 |
|
Inventories |
1,889,751 |
2,640,534 |
2,334,217 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
1,889,751 |
2,640,534 |
2,334,217 |
|
Trade Debtors |
6,112,664 |
4,302,010 |
4,486,163 |
|
Cash |
98,465 |
47,029 |
20,481 |
|
- Miscellaneous Current Assets |
0 |
0 |
0 |
|
Total Current Assets |
8,103,068 |
6,992,225 |
6,843,324 |
|
Current Liabilities |
|||
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- Trade Creditors |
3,174,824 |
2,935,599 |
1,920,942 |
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- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
2,341,389 |
1,617,378 |
2,622,124 |
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- Miscellaneous Current Liabilities |
171,120 |
101,603 |
81,768 |
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Total Current Liabilities |
5,687,333 |
4,654,580 |
4,624,834 |
|
Long Term Debts |
|||
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- Long Term Group Loans |
0 |
0 |
0 |
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- Other Long Term Loans |
1,366,810 |
1,339,788 |
1,260,652 |
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- Other Long Term Liabilities |
2,316 |
0 |
0 |
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Total Long Term Debts |
1,369,126 |
1,339,788 |
1,260,652 |
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Shareholders Equity |
|||
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- Issued Share Capital |
1,018,600 |
1,018,600 |
1,018,600 |
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- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
222,996 |
190,088 |
165,087 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
1,241,596 |
1,208,688 |
1,183,687 |
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|||
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Working Capital |
2,415,735 |
2,337,645 |
2,218,490 |
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Net Worth |
1,241,596 |
1,208,688 |
1,183,687 |
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Ratio Analysis |
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
0.23 |
0.22 |
0.35 |
|
Return On Capital Employed |
1.26 |
0.98 |
2.31 |
|
Return On Total Assets Employed |
0.40 |
0.35 |
0.80 |
|
Return On Net Assets Employed |
1.36 |
1.07 |
2.54 |
|
Sales / Net Working Capital |
6.04 |
4.90 |
7.33 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
12.95 |
23.05 |
14.36 |
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Debtor Days |
152.94 |
137.05 |
100.71 |
|
Creditor Days |
80.42 |
95.65 |
43.91 |
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Short Term Stability |
|||
|
Current Ratio |
1.42 |
1.50 |
1.48 |
|
Liquidity Ratio / Acid Ratio |
1.09 |
0.93 |
0.97 |
|
Current Debt Ratio |
4.58 |
3.85 |
3.91 |
|
Long Term Stability |
|||
|
Gearing |
298.66 |
244.66 |
328.02 |
|
Equity In Percentage |
0.15 |
0.17 |
0.17 |
|
Total Debt Ratio |
2.99 |
2.45 |
3.28 |
Company Court Data
|
Protested Bills |
|
|
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 |
MILAN DINESHCHANDRA SHAH |
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Birth Date |
|
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Position Description |
Manager |
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Address |
15 NEPEAN SEA ROAD 400006 BOMBAY |
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Country |
India |
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Postal Code |
0 |
|
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 |
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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 |
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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.