MIRA INFORM
REPORT
|
Report Date : |
05.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHIVANI GEMS COMA |
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|
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Registered Office : |
1, Schupstraat, Antwerpen |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
22.01.1982 |
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Com. Reg. No.: |
422531406 |
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Legal Form : |
Partnership limited by shares |
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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 |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
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 Summary
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Company details |
|
|
Company Number |
422531406 |
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Name |
SHIVANI GEMS COMA |
|
Address |
1, SCHUPSTRAAT, ANTWERPEN |
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Post Code |
|
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Telephone Number |
032338791 |
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Fax Number |
032325852 |
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Establishment Date |
22-01-1982 |
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Company Status |
ACTIVE |
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Company Type |
Partnership limited by shares |
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Number of Employees |
1 |
|
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 (€) |
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Latest Branch Details |
|
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Street |
-- |
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House Number |
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City |
-- |
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Postal Code |
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Trade Registered Number |
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Trade Registered Entry Date |
-- |
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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 |
129264 |
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Event Description |
Reappointment commissioner |
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Industry Comparison |
|
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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 |
196.04 |
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Day Sales Outstanding |
194.93 |
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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 |
124.04 |
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Industry Average
Payment Expectation Days |
133.38 |
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Industry Quartile Analysis |
|
|
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 |
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Shareholder Detail |
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Company Number |
888487633 |
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Company Name |
JEWELMARK |
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Address |
SCHUPSTRAAT 1-7, ANTWERPEN |
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Postal Code |
2018 |
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Country |
|
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Share Percentage |
|
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Annual Accounts Date |
-- |
Company Accounts
|
Period |
|||
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Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
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Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
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Profit & Loss |
|||
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Turnover |
3,799,805 |
12,855,411 |
16,893,343 |
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Total Operating Expenses |
3,544,019 |
12,434,645 |
16,517,321 |
|
Operating Result |
255,786 |
420,766 |
376,022 |
|
Total Financial Income |
3,740 |
704 |
30 |
|
Total Financial Expenses |
255,036 |
397,954 |
322,423 |
|
Results on Ordinary Operations Before Tax |
4,490 |
23,516 |
53,629 |
|
Taxation |
298 |
- |
8,308 |
|
Results on Ordinary Operations After Tax |
4,192 |
23,516 |
45,321 |
|
Extraordinary Items |
350 |
0 |
0 |
|
Net Result |
4,542 |
23,516 |
45,321 |
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Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
34,493 |
- |
73,627 |
|
Employee Costs |
28,850 |
27,801 |
26,425 |
|
- Wages & Salaries |
23,897 |
22,694 |
22,002 |
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- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
4,752 |
4,334 |
4,135 |
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- Other Employee Costs |
201 |
773 |
288 |
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Amortization & Depreciation |
41,841 |
42,687 |
53,688 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
512,436 |
554,277 |
586,208 |
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- Land And Buildings |
496,654 |
523,638 |
539,698 |
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- Plant And Machinery |
0 |
1,711 |
5,748 |
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- Other Tangible Assets |
15,782 |
28,928 |
40,762 |
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Financial Fixed Assets |
6,220 |
6,220 |
6,220 |
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Total Fixed Assets |
518,656 |
560,497 |
592,428 |
|
Inventories |
3,803,853 |
5,232,162 |
4,027,060 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
3,803,853 |
5,232,162 |
4,027,060 |
|
Trade Debtors |
2,029,299 |
4,670,962 |
6,853,722 |
|
Cash |
20,512 |
4,177 |
38,324 |
|
- Miscellaneous Current Assets |
331 |
1,473 |
506 |
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Total Current Assets |
6,546,182 |
9,976,257 |
10,962,496 |
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Current Liabilities |
|||
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- Trade Creditors |
1,903,465 |
3,989,403 |
4,833,503 |
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- Short Term Group Loans |
0 |
0 |
0 |
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- Other Short Term Loans |
143,335 |
1,220,622 |
1,591,635 |
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- Miscellaneous Current Liabilities |
58,278 |
227,875 |
221,885 |
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Total Current Liabilities |
2,105,078 |
5,437,900 |
6,647,023 |
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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 |
2,940,233 |
3,074,847 |
2,920,888 |
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- Other Long Term Liabilities |
208,247 |
217,269 |
203,790 |
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Total Long Term Debts |
3,148,480 |
3,292,116 |
3,124,678 |
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Shareholders Equity |
|||
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- Issued Share Capital |
694,102 |
694,102 |
694,102 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
1,117,178 |
1,112,636 |
1,089,121 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
1,811,280 |
1,806,738 |
1,783,223 |
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|||
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Working Capital |
4,441,104 |
4,538,357 |
4,315,473 |
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Net Worth |
1,811,280 |
1,806,738 |
1,783,223 |
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Ratio Analysis |
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
0.12 |
0.18 |
0.32 |
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Return On Capital Employed |
0.09 |
0.46 |
1.09 |
|
Return On Total Assets Employed |
0.06 |
0.22 |
0.46 |
|
Return On Net Assets Employed |
0.10 |
0.52 |
1.24 |
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Sales / Net Working Capital |
0.86 |
2.83 |
3.91 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
100.11 |
40.70 |
23.84 |
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Debtor Days |
194.93 |
132.62 |
148.08 |
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Creditor Days |
196.04 |
117.10 |
106.81 |
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Short Term Stability |
|||
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Current Ratio |
3.11 |
1.83 |
1.65 |
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Liquidity Ratio / Acid Ratio |
1.30 |
0.87 |
1.04 |
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Current Debt Ratio |
1.16 |
3.01 |
3.73 |
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Long Term Stability |
|||
|
Gearing |
170.24 |
237.75 |
253.05 |
|
Equity In Percentage |
0.26 |
0.17 |
0.15 |
|
Total Debt Ratio |
1.70 |
2.38 |
2.53 |
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 |
HIMANSHU BABULAL MEHTA |
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Birth Date |
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Position Description |
Manager |
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Address |
45 QUINTEN MATSIJSLEI 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 |
SHITAL KUMARPAL SHAH |
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Birth Date |
|
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Position Description |
Manager |
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Address |
213 MECHELSESTEENWEG ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.84 |
|
|
1 |
Rs.69.32 |
|
Euro |
1 |
Rs.59.79 |
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.