MIRA INFORM REPORT
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Report Date : |
25.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
STARGEMS BVBA |
|
|
|
|
Registered Office : |
30, Hoveniersstraat, Antwerpen 2018 |
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|
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Country : |
Belgium |
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|
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
02.02.1990 |
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|
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Com. Reg. No.: |
440106618 |
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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 : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
Payment
Behaviour : |
No Complaints |
|
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 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
company details |
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Company Number |
440106618 |
|
Name |
|
|
Address |
30, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
2018 |
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Telephone Number |
032336804 |
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Fax Number |
032334450 |
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Establishment Date |
02-02-1990 |
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Company Status |
ACTIVE |
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Company Type |
Private limited liability company |
|
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 |
HOVENIERSSTRAAT |
|
House Number |
2 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade Registered Number |
275258 |
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Trade Registered Entry Date |
01-03-1990 |
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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 |
|
|
Serial Number |
155259 |
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Event Description |
Change of articles of association |
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Rating and Limit |
|
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Credit Information |
|
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Purchase Limit (€) |
9,700,000 |
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Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,573 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
32.54 |
|
Day Sales Outstanding |
211.76 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity
Description |
Wholesale of other intermediate products |
|
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 |
|
Payment
Expectations - Median |
90.32 |
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Payment
Expectations - Upper |
162.53 |
|
|
|
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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 |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
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Profit & Loss |
|||
|
Turnover |
48,587,549 |
38,290,202 |
47,410,062 |
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Total Operating Expenses |
47,895,909 |
37,334,120 |
46,167,701 |
|
Operating Result |
691,640 |
956,082 |
1,242,361 |
|
Total Financial Income |
60,969 |
626 |
1,504 |
|
Total Financial Expenses |
668,102 |
924,234 |
1,176,020 |
|
Results on Ordinary Operations Before Tax |
84,506 |
32,473 |
67,845 |
|
Taxation |
13,881 |
6,318 |
19,560 |
|
Results on Ordinary Operations After Tax |
70,625 |
26,155 |
48,285 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
70,625 |
26,155 |
48,285 |
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Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
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Employee Costs |
0 |
0 |
0 |
|
- Wages & Salaries |
- |
- |
- |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
- |
- |
- |
|
- Other Employee Costs |
- |
- |
- |
|
Amortization & Depreciation |
3,860 |
3,697 |
5,184 |
|
Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
84,645 |
86,433 |
90,130 |
|
- Land And Buildings |
82,616 |
85,833 |
89,050 |
|
- Plant And Machinery |
2,029 |
600 |
1,080 |
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- Other Tangible Assets |
0 |
0 |
0 |
|
Financial Fixed Assets |
0 |
0 |
0 |
|
Total Fixed Assets |
84,645 |
86,433 |
90,130 |
|
Inventories |
3,057,394 |
2,270,530 |
3,754,254 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
3,057,394 |
2,270,530 |
3,754,254 |
|
Trade Debtors |
28,189,146 |
15,507,793 |
14,320,561 |
|
Cash |
71,088 |
37,739 |
37,304 |
|
- Miscellaneous Current Assets |
265 |
570 |
667 |
|
Total Current Assets |
31,356,608 |
17,826,063 |
18,116,661 |
|
Current Liabilities |
|||
|
- Trade Creditors |
4,269,569 |
1,371,530 |
3,242,145 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
20,792,707 |
12,431,194 |
11,084,884 |
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- Miscellaneous Current Liabilities |
88,408 |
22,753 |
3,627,687 |
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Total Current Liabilities |
25,150,684 |
13,825,477 |
17,954,716 |
|
Long Term Debts |
|||
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- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
32,472 |
42,487 |
51,979 |
|
- Other Long Term Liabilities |
709,244 |
3,830,884 |
12,602 |
|
Total Long Term Debts |
741,716 |
3,873,371 |
64,581 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
5,270,784 |
6,205 |
6,205 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
278,069 |
207,444 |
181,289 |
|
- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
5,548,853 |
213,649 |
187,494 |
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|
|||
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Working Capital |
6,205,924 |
4,000,586 |
161,945 |
|
Net Worth |
5,548,853 |
213,649 |
187,494 |
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Ratio Analysis |
|||
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
0.17 |
0.08 |
0.14 |
|
Return On Capital Employed |
1.34 |
0.79 |
26.91 |
|
Return On Total Assets Employed |
0.27 |
0.18 |
0.37 |
|
Return On Net Assets Employed |
1.36 |
0.81 |
41.89 |
|
Sales / Net Working Capital |
7.83 |
9.57 |
292.75 |
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Operating Efficiency |
|||
|
Stock Turnover Ratio |
6.29 |
5.93 |
7.92 |
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Debtor Days |
211.76 |
147.83 |
110.25 |
|
Creditor Days |
32.54 |
13.41 |
25.63 |
|
Short Term Stability |
|||
|
Current Ratio |
1.25 |
1.29 |
1.01 |
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Liquidity Ratio / Acid Ratio |
1.13 |
1.13 |
0.80 |
|
Current Debt Ratio |
4.53 |
64.71 |
95.76 |
|
Long Term Stability |
|||
|
Gearing |
375.31 |
5838.40 |
5939.85 |
|
Equity In Percentage |
0.18 |
0.01 |
0.01 |
|
Total Debt Ratio |
3.75 |
58.38 |
59.40 |
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 |
SHAILESH JAVERI |
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Birth Date |
|
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Position Description |
Manager |
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Address |
24 FAZANTENLAAN WILRIJK (ANTW.) |
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Country |
-- |
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Postal Code |
2610 |
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Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.77 |
|
UK Pound |
1 |
Rs.75.57 |
|
Euro |
1 |
Rs.65.97 |
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.