MIRA INFORM REPORT

 

 

Report Date :           

01.12.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

ELITE JEWELS

 

 

Registered Office :

Hoveniersstraat 30 B.256, Antwerpen, 2018

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1988

 

 

Com. Reg. No.:

435745477

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Other Wholesale

 

 

No. of Employees :

3 Persons

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Belgium

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address

 

Elite Jewels

Hoveniersstraat 30 B.256

Antwerpen, 2018

Belgium

Tel:       03 201 51 70

Fax:      03 231 67 00

 

 

Synthesis

 

Employees:                  3

Company Type:            Private Independent

Incorporation Date:         1988   

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               3.5  1

Total Assets:                8.8

 

 

Business Description

 

Other wholesale

 

Industry             

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002:      5190 - Other wholesale

NAICS 2002:     423990 - Other Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:    5190 - Other wholesale

US SIC 1987:    5099 - Durable Goods, Not Elsewhere Classified

 

           

Key Executives

 

Name                           Title    

Mehta Ajit                     Manager           

 

Registered No.(VAT): 435745477

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

Corporate Overview

 

Location

Hoveniersstraat 30 B.256

Antwerpen, 2018

Belgium

Tel:       03 201 51 70

Fax:      03 231 67 00

Suggest Company URL

           

Sales EUR(mil):             2.7

Assets EUR(mil):           6.5

Employees:                   3

Fiscal Year End:            31-Dec-2010

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         1988

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(VAT):     435745477

Manager:                       Mehta Ajit

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

3739     -          Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5190     -          Other wholesale

5147     -          Wholesale of other household goods

 

NAICS 2002 Codes:

423990  -          Other Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

5099     -          Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5190     -          Other wholesale

51479   -          Wholesale of other household goods not elsewhere classified

 

Business Description

Other wholesale

Financial Data

Financials in:

EUR(mil)

 

Revenue:

2.7

Assets:

6.5

Current Assets:

6.5

 

Fixed Assets:

0.1

 

Total Liabilities:

6.5

 

Issued Capital:

0.0

 

Net Worth:

0.0

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

-19.4%

NA

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Mehta Ajit

 

Manager

Other

 

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

    Turnover

3.5

3.5

4.6

    Remuneration, Social Security Charges, and Pensions

0.1

0.1

0.2

    Depreciation of and Other Amounts Written Off of Formation Expense, Intangible and Tangible Fixed Assets

0.0

0.0

0.0

    Other Operating Charges

0.0

0.0

0.0

Financial Income

0.0

0.0

0.0

Financial Charges

0.2

0.3

0.2

Income Taxes

0.0

0.0

0.0

    Employees

3

4

4

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

    Intangible Assets

-

0.0

0.0

        Plant, Machinery, and Equipment

0.0

0.0

0.0

        Furniture and Vehicles

0.1

0.1

0.0

        Other Tangible Assets

0.0

0.0

0.0

    Tangible Assets

0.1

0.1

0.1

    Capital Assets

0.0

0.0

0.0

Fixed Assets

0.1

0.1

0.1

        Stocks

6.4

5.7

5.7

    Inventory and Orders in Progress

6.4

5.7

5.7

        Trade Debtors

1.7

1.6

1.7

        Other Amounts Receivable

0.3

0.3

0.0

    Amounts Receivable Within One Year

2.0

1.9

1.7

    Investments

0.1

0.1

0.1

    Liquid Assets

0.2

0.0

0.0

    Adjustment Accounts

0.0

-

-

Current Assets

8.7

7.7

7.6

Total Assets

8.8

7.9

7.7

        Issued Capital

0.0

0.0

0.0

    Capital

0.0

0.0

0.0

        Legal Reserve

0.0

0.0

0.0

        Untaxed Reserves

0.0

0.0

0.0

    Reserves

0.0

0.0

0.0

Capital and Reserves

0.2

0.1

0.2

        Financial Debts

0.0

0.0

-

        Other Amounts Payable

0.0

0.0

0.0

    Amounts Due After More Than One Year

0.0

0.0

0.0

        Credit Institutions

5.7

5.2

4.8

        Other Loans

1.5

1.5

1.4

        Financial Debts

7.2

6.7

6.3

        Suppliers

1.2

0.8

1.1

        Trade Debts

1.2

0.8

1.1

        Taxes

0.2

0.1

0.2

        Remuneration and Social Security

0.0

-

-

        Taxes, Wages, and Social Security

0.2

0.1

0.2

    Amounts Payable Within One Year

8.6

7.7

7.5

    Adjustment Accounts

0.0

0.0

-

Creditors

8.6

7.7

7.5

Total Liabilities + Shareholders' Equity

8.8

7.9

7.7

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.17

UK Pound

1

Rs.81.29

Euro

1

Rs.69.47

 

 

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.