MIRA INFORM
REPORT
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Report Date : |
30.08.2011 |
IDENTIFICATION DETAILS
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Name : |
A N STAR BVBA |
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Registered Office : |
1, Schupstraat, Antwerpen 2018 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
24.05.1995 |
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Com. Reg. No.: |
455271973 |
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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 : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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) |
|
|
a1 |
a1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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 |
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Off-credit |
D |
Company
Information
|
Company Summary |
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|
company details |
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Company Number |
455271973 |
|
Name |
A N STAR BVBA |
|
Address |
1, SCHUPSTRAAT, ANTWERPEN |
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Post Code |
2018 |
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Telephone Number |
032320285 |
|
Fax Number |
032320285 |
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Establishment Date |
24-05-1995 |
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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 |
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House Number |
11 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade Registered Number |
310202 |
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Trade Registered Entry Date |
01-06-1995 |
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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 |
189612 |
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Event Description |
Appointment |
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Industry Comparison |
|
|
Industry Average Credit Rating |
59.65 |
|
Industry Average Credit Limit (€) |
118,020 |
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Payment Expectations |
|
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Payment Expectations |
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Payment Expectation Days |
|
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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 |
|
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 |
|
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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 |
|
Profit & Loss |
|||
|
Turnover |
- |
8,729,283 |
10,992,926 |
|
Total Operating Expenses |
- |
8,686,073 |
10,940,377 |
|
Operating Result |
33,469 |
43,210 |
52,549 |
|
Total Financial Income |
141 |
525 |
46 |
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Total Financial Expenses |
30,814 |
39,773 |
34,029 |
|
Results on Ordinary Operations Before Tax |
2,796 |
3,962 |
18,565 |
|
Taxation |
11,443 |
5,630 |
9,305 |
|
Results on Ordinary Operations After Tax |
-8,647 |
-1,668 |
9,260 |
|
Extraordinary Items |
1,703 |
9,684 |
0 |
|
Net Result |
-6,944 |
8,015 |
9,261 |
|
Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
18,725 |
11,806 |
3,695 |
|
- Wages & Salaries |
15,524 |
10,309 |
2,925 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
2,441 |
570 |
473 |
|
- Other Employee Costs |
760 |
927 |
297 |
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Amortization & Depreciation |
31,770 |
21,122 |
10,361 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
234,017 |
229,081 |
158,373 |
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- Land And Buildings |
109,762 |
112,559 |
115,356 |
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- Plant And Machinery |
46,803 |
54,405 |
3,457 |
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- Other Tangible Assets |
77,452 |
62,117 |
39,560 |
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Financial Fixed Assets |
1,500 |
1,500 |
0 |
|
Total Fixed Assets |
235,517 |
230,581 |
158,373 |
|
Inventories |
6,076,798 |
7,626,835 |
6,141,423 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
6,076,798 |
7,626,835 |
6,141,423 |
|
Trade Debtors |
1,507,424 |
2,508,262 |
2,980,039 |
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Cash |
161,188 |
42,765 |
78,378 |
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- Miscellaneous Current Assets |
7,991 |
6,026 |
1,550 |
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Total Current Assets |
7,760,646 |
10,191,778 |
9,204,336 |
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Current Liabilities |
|||
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- Trade Creditors |
6,805,377 |
9,211,569 |
8,334,845 |
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- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
221,732 |
212,477 |
87,949 |
|
- Miscellaneous Current Liabilities |
447,000 |
463,504 |
411,280 |
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Total Current Liabilities |
7,474,109 |
9,887,550 |
8,834,074 |
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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 |
110,181 |
116,117 |
118,066 |
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- Other Long Term Liabilities |
235 |
110 |
0 |
|
Total Long Term Debts |
110,416 |
116,227 |
118,066 |
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Shareholders Equity |
|||
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- Issued Share Capital |
18,600 |
18,600 |
18,600 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
393,039 |
399,983 |
391,968 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
411,639 |
418,583 |
410,568 |
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|||
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Working Capital |
286,537 |
304,228 |
370,262 |
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Net Worth |
411,639 |
418,583 |
410,568 |
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Ratio Analysis |
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
- |
0.05 |
0.17 |
|
Return On Capital Employed |
0.54 |
0.74 |
3.51 |
|
Return On Total Assets Employed |
0.03 |
0.04 |
0.20 |
|
Return On Net Assets Employed |
0.98 |
1.30 |
5.01 |
|
Sales / Net Working Capital |
- |
28.69 |
29.69 |
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Operating Efficiency |
|||
|
Stock Turnover Ratio |
- |
87.37 |
55.87 |
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Debtor Days |
- |
104.88 |
98.95 |
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Creditor Days |
- |
387.08 |
278.07 |
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Short Term Stability |
|||
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Current Ratio |
1.04 |
1.03 |
1.04 |
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Liquidity Ratio / Acid Ratio |
0.23 |
0.26 |
0.35 |
|
Current Debt Ratio |
18.16 |
23.62 |
21.52 |
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Long Term Stability |
|||
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Gearing |
80.63 |
78.50 |
50.18 |
|
Equity In Percentage |
0.05 |
0.04 |
0.04 |
|
Total Debt Ratio |
0.81 |
0.79 |
0.50 |
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 |
NILESH DHIRAJLAL JOGANI |
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Birth Date |
|
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Position Description |
Manager |
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Address |
106 BELGIELEI ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
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Company Director |
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Full Name |
MANAN SHAH |
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Birth Date |
|
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Position Description |
Manager |
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Address |
106 BELGIELEI 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.45.87 |
|
|
1 |
Rs.75.14 |
|
Euro |
1 |
Rs.66.67 |
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.