MIRA INFORM REPORT
|
Report Date : |
13.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
ROSY BLUE NV |
|
|
|
|
Registered Office : |
53, Hoveniersstraat, Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
15.10.1973 |
|
|
|
|
Com. Reg. No.: |
413178230 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
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 : |
Very 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 – 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 |
Company Summary
|
company details |
|
|
Company Number |
413178230 |
|
Name |
|
|
Address |
53, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032061600 |
|
Fax Number |
032061601 |
|
Establishment Date |
15-10-1973 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
31 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
-- |
|
House Number |
|
|
City |
-- |
|
Postal Code |
|
|
Trade Registered Number |
|
|
Trade Registered Entry Date |
-- |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
76807 |
|
Event Description |
Reappointment commissioner |
|
Limit |
|
|
Credit Information |
|
|
Purchase Limit (€) |
312,000,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,573 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
7.06 |
|
Day Sales Outstanding |
33.18 |
|
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
Expectations - Lower |
41.25 |
|
Payment
Expectations - Median |
90.32 |
|
Payment
Expectations - Upper |
162.53 |
|
|
|
|
Day Sales
Outstanding - Lower |
31.52 |
|
Day Sales
Outstanding - Median |
75.21 |
|
Day Sales
Outstanding - Upper |
158.58 |
|
Company
Shareholder Holding |
|
|
Shareholder
Detail |
|
|
Company Number |
18655771 |
|
Company Name |
PRIME INVESTMENTS SA |
|
Address |
BOULEVARD PRINCE FELIX 63, LUXEMBURG |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
|
Shareholder Detail |
|
|
Company Number |
825680133 |
|
Company Name |
GLOBAL COMPACT NETWORK BELGIUM VZW |
|
Address |
CEDERDREEF 9/1, WETTEREN |
|
Postal Code |
9230 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
|
Shareholder Detail |
|
|
Company Number |
874577041 |
|
Company Name |
INTERGOLD EUROPE NV |
|
Address |
HOVENIERSSTRAAT 53/130, ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
50 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
447811485 |
|
Company Name |
SPORTS CLUB OF INDIA NV |
|
Address |
HOVENIERSSTRAAT 53/132, ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
17 |
|
Annual Accounts Date |
01-12-2009 |
Company Accounts
|
Period |
|||
|
Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
1,247,953,892 |
1,102,853,938 |
1,226,534,390 |
|
Total Operating Expenses |
1,242,864,381 |
1,104,153,125 |
1,206,758,604 |
|
Operating Result |
5,089,511 |
-1,299,187 |
19,775,786 |
|
Total Financial Income |
11,780,097 |
7,176,602 |
3,741,201 |
|
Total Financial Expenses |
21,667,524 |
23,808,414 |
24,259,151 |
|
Results on Ordinary Operations Before Tax |
-4,797,916 |
-17,930,998 |
-742,164 |
|
Taxation |
38,205 |
77,896 |
1,685,458 |
|
Results on Ordinary Operations After Tax |
-4,836,121 |
-18,008,894 |
-2,427,622 |
|
Extraordinary Items |
1,153,800 |
57,155 |
-13,640,221 |
|
Net Result |
-3,682,321 |
-17,951,740 |
-16,067,843 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
313,712 |
345,132 |
299,463 |
|
Employee Costs |
2,125,049 |
2,741,348 |
1,876,613 |
|
- Wages & Salaries |
1,592,738 |
2,090,462 |
1,411,617 |
|
- Employee Pension Costs |
3,202 |
- |
- |
|
- Social Security Contributions |
483,015 |
549,585 |
384,221 |
|
- Other Employee Costs |
46,094 |
101,301 |
80,775 |
|
Amortization & Depreciation |
1,826,728 |
1,726,922 |
1,394,409 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
162,804 |
694,623 |
1,387,895 |
|
Tangible Fixed Assets |
8,831,533 |
7,140,503 |
7,231,914 |
|
- Land And Buildings |
2,732,281 |
1,997,282 |
1,925,021 |
|
- Plant And Machinery |
379,868 |
449,205 |
580,280 |
|
- Other Tangible Assets |
5,719,384 |
4,694,016 |
4,726,613 |
|
Financial Fixed Assets |
2,761,503 |
6,512,462 |
6,966,972 |
|
Total Fixed Assets |
11,755,840 |
14,347,588 |
15,586,781 |
|
Inventories |
0 |
0 |
0 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
0 |
0 |
0 |
|
Trade Debtors |
113,450,142 |
84,852,224 |
85,511,456 |
|
Cash |
32,378,350 |
1,069,285 |
84,931,622 |
|
- Miscellaneous Current Assets |
22,567,616 |
20,863,003 |
7,180,493 |
|
Total Current Assets |
332,100,378 |
259,356,133 |
330,193,704 |
|
Current Liabilities |
|||
|
- Trade Creditors |
24,053,596 |
26,001,674 |
36,233,135 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
143,794,279 |
109,007,824 |
160,979,468 |
|
- Miscellaneous Current Liabilities |
-20,676,095 |
-9,325,198 |
7,466,432 |
|
Total Current Liabilities |
147,171,780 |
125,684,300 |
204,679,035 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
155,227,645 |
131,864,079 |
128,559,178 |
|
- Other Long Term Liabilities |
14,950,348 |
12,427,213 |
8,004,247 |
|
Total Long Term Debts |
170,177,993 |
144,291,292 |
136,563,425 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
29,264,976 |
21,016,125 |
19,717,907 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
-2,758,531 |
-17,287,997 |
-15,179,882 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
26,506,445 |
3,728,128 |
4,538,025 |
|
|
|||
|
Working Capital |
184,928,598 |
133,671,833 |
125,514,669 |
|
Net Worth |
26,343,641 |
3,033,505 |
3,150,130 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
-0.38 |
-1.63 |
-0.06 |
|
Return On Capital Employed |
-2.44 |
-12.11 |
-0.53 |
|
Return On Total Assets Employed |
-1.40 |
-6.55 |
-0.21 |
|
Return On Net Assets Employed |
-2.59 |
-13.41 |
-0.59 |
|
Sales / Net Working Capital |
6.75 |
8.25 |
9.77 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
0 |
0 |
0 |
|
Debtor Days |
33.18 |
28.08 |
25.45 |
|
Creditor Days |
7.06 |
8.60 |
10.96 |
|
Short Term Stability |
|||
|
Current Ratio |
2.26 |
2.06 |
1.61 |
|
Liquidity Ratio / Acid Ratio |
2.26 |
2.06 |
1.61 |
|
Current Debt Ratio |
5.55 |
33.71 |
45.10 |
|
Long Term Stability |
|||
|
Gearing |
1128.11 |
6460.93 |
6380.28 |
|
Equity In Percentage |
0.08 |
0.01 |
0.01 |
|
Total Debt Ratio |
11.28 |
64.61 |
63.80 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of Drawer |
-- |
|
NSSO Details |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
Labour Court |
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
RAJESH RASIKLAL MEHTA |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
2 JOZEF JESPERSSTRAAT EDEGEM |
|
Country |
-- |
|
Postal Code |
2650 |
|
Birth Date |
2016-01-01 |
|
Company Director |
|
|
Full Name |
AMIT BANUNCHANDRA BHANSALI |
|
Birth Date |
1962-12-09 |
|
Position Description |
Managing director |
|
Address |
11 BERKENLAAN WILRIJK (ANTW.) |
|
Country |
-- |
|
Postal Code |
2610 |
|
Birth Date |
2016-01-01 |
|
Company Director |
|
|
Full Name |
DILIP KUMAR RAMNIKAL MEHTA |
|
Birth Date |
1949-11-13 |
|
Position Description |
Managing director |
|
Address |
50 KASTEELLEI BRASSCHAAT |
|
Country |
-- |
|
Postal Code |
2930 |
|
Birth Date |
2016-01-01 |
|
Company Director |
|
|
Full Name |
RAJKUMAR MEHTA |
|
Birth Date |
1971-01-21 |
|
Position Description |
Director |
|
Address |
15 AHORNENLAAN WILRIJK (ANTW.) |
|
Country |
-- |
|
Postal Code |
2610 |
|
Birth Date |
2013-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.69 |
|
UK Pound |
1 |
Rs.70.87 |
|
Euro |
1 |
Rs.62.26 |
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.