MIRA INFORM REPORT

 

 

Report Date :           

02.08.2011

 

IDENTIFICATION DETAILS

 

Name :

K. VIJAY BVBA

 

 

Registered Office :

Hoveniersstraat 12 Antwerpen Zip code 2018

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

06.03.1997

 

 

Com. Reg. No.:

460205117

 

 

Legal Form :

Private Limited Liability Company

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Belgium

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Summary

Business Name

K. VIJAY BVBA

Business Number

460205117

Address

HOVENIERSSTRAAT 12 ANTWERPEN

Post Code

2018

Telephone

032188637

Fax Number

032323248

Date of Establishment

06/03/1997

Number of Employees

0

company details

Business Number

460205117

Name

K. VIJAY BVBA

Fax Number

032323248

Establishment Date

06/03/1997

Company Status

ACTIVE

Company Type

Private limited liability company

Activity Description

Wholesale of diamonds and other precious stones

Activity Code

46761

Liable For Vat

yes

Currency

Euro (€)

 

 

DIRECTORS/MANAGEMENT

 

Directors

Company Director

Full Name

DHANSUKHBHAI KALUBHA DONDA

Position

Manager

Address

98 BELGIELEI ANTWERPEN

Postal Code

2018

Country

--

 

Company Director

Full Name

TANIA JOANNA GUSTAAF OOMS

Position

Manager

Address

49 KAPELSTRAAT KRUIBEKE

Postal Code

9150

Country

--

 

NEGATIVE INFORMATION

 

Court Data Summary

bankruptcy details

Court Action Type

None

Protested Bills

Bill Amount

 

NSSO Details

Date of Summons

//

 

Court Data

Protested Bills

Drawee Name

--

Drawee Address

--

Bill Amount

 

Bill Currency

--

Maturity of Bill (month)

 

Name of Drawer

--

City of Drawer

--

 

NSSO Details

Business Number

 

Name of Defendant

--

Legal Form of Defendant

--

Date of Summons

 

Labour Court

--

Bankruptcy Data

There is no bankruptcy data against this company.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Shareholders

No holding companies for this company.

 

 

PAYMENT INFORMATION

 

Past Payments

Payment Expectation Days

 

Days Sales Outstanding

 

Industry Average Payment Expectation Days

137

Industry Average Day Sales Outstanding

124.66

 

Payment Expectations

Payment Expectations

Payment Expectation Days

 

Day Sales Outstanding

 

 

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 Expectation Days

Payment Expectations - Lower

41.25

Payment Expectations - Median

90.32

Payment Expectations - Upper

162.53

Day Sales Outstanding

Day Sales Outstanding - Lower

31.52

Day Sales Outstanding - Median

75.21

Day Sales Outstanding - Upper

158.58

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

No subsidiaries for this company.

 

 

FINANCIAL INFORMATION

 

Period

Accounts End Date

31/12/2009

%

31/12/2008

%

31/12/2007

Weeks

52

-

52

-

52

Currency

EUR

-

EUR

-

EUR

Profit & Loss

Turnover

-

-

-

-

-

Total Operating Expenses

-

-

-

-

-

Operating Result

265,049

-27.1%

363,360

220.6%

113,354

Total Financial Income

-

-

136

1,411.1%

9

Total Financial Expenses

173,727

-42.4%

301,740

381.0%

62,734

Results on Ordinary Operations Before Tax

91,322

47.9%

61,756

22.0%

50,629

Taxation

19,076

22.2%

15,606

8.2%

14,425

Results on Ordinary Operations After Tax

72,246

56.5%

46,150

27.5%

36,204

Extraordinary Items

0

-

0

-

0

Net Result

72,246

56.5%

46,150

27.5%

36,204

Other Information

Dividends

-

-

-

-

-

Director Remuneration

-

-

-

-

-

Employee Costs

0

-

0

-

0

- Wages & Salaries

-

-

-

-

-

- Social Security Contributions

-

-

-

-

-

- Other Employee Costs

-

-

-

-

-

Amortization & Depreciation

1,694

-75.8%

6,991

0.0%

6,991

Balance Sheet

Accounts End Date

31/12/2009

%

31/12/2008

%

31/12/2007

Weeks

52

-

52

-

52

Intangible Fixed Assets

0

-

0

-

0

Tangible Fixed Assets

1,212

-58.3%

2,906

-70.6%

9,897

- Land And Buildings

0

-

0

-

0

- Plant And Machinery

1,212

-58.3%

2,906

-36.8%

4,601

- Other Tangible Assets

0

-

0

-100.0%

5,296

Financial Fixed Assets

248

0.0%

248

0.0%

248

Total Fixed Assets

1,460

-53.7%

3,154

-68.9%

10,145

Inventories

- Raw Materials & Consumables

0

-

0

-

0

- Work in Progress

0

-

0

-

0

- Finished Goods

0

-

0

-

0

- Other Stocks

2,044,910

143.7%

839,267

-31.0%

1,216,267

Trade Debtors

1,618,577

-20.5%

2,035,919

-52.1%

4,249,754

Cash

4,599

-84.6%

29,929

126.8%

13,198

- Miscellaneous Current Assets

0

-

0

-

0

Total Current Assets

3,668,568

26.2%

2,907,083

-47.0%

5,480,405

 

- Trade Creditors

513,942

-19.9%

641,687

-83.6%

3,915,784

- Short Term Group Loans

0

-

0

-

0

- Other Short Term Loans

2,207,589

56.7%

1,408,633

37.4%

1,024,963

- Miscellaneous Current Liabilities

77,848

26.6%

61,514

-73.1%

229,021

Total Current Liabilities

2,799,379

32.6%

2,111,834

-59.2%

5,169,768

 

- Long Term Group Loans

0

-

0

-

0

- Other Long Term Loans

0

-

0

-100.0%

2,729

- Other Long Term Liabilities

0

-

0

-

0

Total Long Term Debts

0

-

0

-100.0%

2,729

 

- Issued Share Capital

747,180

0.0%

747,180

3,918.8%

18,592

- Share Premium Account

2,020

0.0%

2,020

-

0

- Reserves

121,449

146.8%

49,203

-83.6%

299,461

- Revaluation Reserve

0

-

0

-

0

Total Shareholders Equity

870,649

9.0%

798,403

151.0%

318,053

 

Working Capital

869,189

9.3%

795,249

156.0%

310,637

Net Worth

870,649

9.0%

798,403

151.0%

318,053

Ratio Analysis

 

Trading Performance

 

Pre-tax Profit Margin

-

-

-

-

-

 

Return On Capital Employed

10.49

35.7%

7.73

-51.0%

15.78

 

Return On Total Assets Employed

2.49

17.5%

2.12

130.4%

0.92

 

Return On Net Assets Employed

10.51

35.3%

7.77

-52.3%

16.30

 

Sales / Net Working Capital

-

-

-

-

-

 

Operating Efficiency

 

Stock Turnover Ratio

-

-

-

-

-

 

Debtor Days

-

-

-

-

-

 

Creditor Days

-

-

-

-

-

 

Short Term Stability

 

Current Ratio

1.31

-5.1%

1.38

30.2%

1.06

 

Liquidity Ratio / Acid Ratio

0.58

-40.8%

0.98

19.5%

0.82

 

Current Debt Ratio

3.22

21.5%

2.65

-83.7%

16.25

 

Long Term Stability

 

Gearing

253.56

43.7%

176.43

-45.4%

323.12

 

Equity In Percentage

0.24

-11.1%

0.27

350.0%

0.06

 

Total Debt Ratio

2.54

44.3%

1.76

-45.5%

3.23

 

 

 

FOREIGN EXCHANGE RATES

 

Na

ADDITIONAL INFORMATION

 

Latest Branch Details

Street

BELGIELEI

House Number

98

City

ANTWERPEN

Postal Code

2018

Trade Registered Number

322005

Trade Registered Entry Date

01/03/1997

Contractor Details

Registration Number

--

Contractor Description

--

Striking Off Date

//

Latest Event

Serial Number

183782

Event Description

Change of articles of association

Industry Comparison

Activity Code

46761

Activity Description

Wholesale of diamonds and other precious stones

Industry Average Credit Limit (€)

140,177

 

 

NOTES & COMMENTS

 

Na

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.05

UK Pound

1

Rs.72.40

Euro

1

Rs.63.46

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.