MIRA INFORM
REPORT
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Report Date : |
02.06.2011 |
IDENTIFICATION DETAILS
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Name : |
SHAH IMEXPORT BVBA |
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Registered Office : |
53, Hoveniersstraat, Antwerpen, 2018 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
23.12.1988 |
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Com. Reg. No.: |
436310354 |
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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
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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 |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Belgium |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
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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 |
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Company Number |
436310354 |
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Name |
SHAH IMEXPORT BVBA |
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Address |
53, HOVENIERSSTRAAT, ANTWERPEN |
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Post Code |
2018 |
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Telephone Number |
032338721 |
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Fax Number |
032263035 |
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Establishment Date |
23-12-1988 |
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Company Status |
ACTIVE |
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Company Type |
Private limited liability company |
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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 |
|
|
Street |
PELIKAANSTRAAT |
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House Number |
62 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade
Registered Number |
267755 |
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Trade
Registered Entry Date |
01-02-1989 |
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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 |
14002 |
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Event Description |
Appointment commissioner |
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Limit |
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Credit Limit (€) |
280,000 |
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Purchase Limit (€) |
770,000 |
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Industry Comparison |
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Industry
Average Credit Limit (€) |
158,440 |
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Payment
Expectations |
|
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Payment Expectations |
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Payment
Expectation Days |
198.79 |
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Day
Sales Outstanding |
176.80 |
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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 |
125.10 |
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Industry
Average Payment Expectation Days |
136.82 |
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Industry Quartile Analysis |
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Payment
Expectations - Lower |
41.37 |
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Payment
Expectations - Median |
90.61 |
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Payment
Expectations - Upper |
163.40 |
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Day
Sales Outstanding - Lower |
31.17 |
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Day
Sales Outstanding - Median |
75.05 |
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Day
Sales Outstanding - Upper |
159.82 |
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Company Shareholder Holding |
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Company Accounts
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|||
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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 |
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Weeks |
52 |
52 |
52 |
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Profit & Loss |
|||
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Turnover |
5,110,716 |
13,600,084 |
- |
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Total Operating Expenses |
5,132,214 |
13,472,698 |
- |
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Operating Result |
-21,498 |
127,386 |
77,691 |
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Total Financial Income |
99,823 |
1,086,460 |
23,737 |
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Total Financial Expenses |
72,032 |
1,159,268 |
53,740 |
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Results on Ordinary Operations Before Tax |
6,293 |
54,578 |
47,688 |
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Taxation |
363 |
8,150 |
45,506 |
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Results on Ordinary Operations After Tax |
5,930 |
46,428 |
2,182 |
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Extraordinary Items |
0 |
0 |
0 |
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Net Result |
5,930 |
46,429 |
2,182 |
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Other Information |
|||
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Dividends |
- |
- |
- |
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Director Remuneration |
- |
- |
- |
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Employee Costs |
42,177 |
40,750 |
27,627 |
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- Wages & Salaries |
31,475 |
36,935 |
24,712 |
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- Employee Pension Costs |
- |
- |
- |
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- Social Security Contributions |
7,694 |
4,528 |
2,915 |
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- Other Employee Costs |
3,008 |
-713 |
- |
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Amortization & Depreciation |
12,715 |
12,668 |
12,782 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
164,410 |
176,365 |
189,032 |
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- Land And Buildings |
163,066 |
175,074 |
187,082 |
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- Plant And Machinery |
1,344 |
1,291 |
1,950 |
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- Other Tangible Assets |
0 |
0 |
0 |
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Financial Fixed Assets |
610 |
610 |
710 |
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Total Fixed Assets |
165,020 |
176,975 |
189,742 |
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Inventories |
1,194,692 |
904,137 |
1,185,952 |
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- Raw Materials & Consumables |
0 |
0 |
0 |
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- Work in Progress |
0 |
0 |
0 |
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- Finished Goods |
0 |
0 |
0 |
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- Other Stocks |
1,194,692 |
904,137 |
1,185,952 |
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Trade Debtors |
2,475,542 |
6,191,923 |
3,518,584 |
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Cash |
1,131,199 |
727 |
154,432 |
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- Miscellaneous Current Assets |
0 |
0 |
0 |
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Total Current Assets |
4,843,044 |
7,129,237 |
4,885,832 |
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Current Liabilities |
|||
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- Trade Creditors |
2,795,125 |
3,965,803 |
3,318,158 |
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- Short Term Group Loans |
0 |
0 |
0 |
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- Other Short Term Loans |
0 |
1,122,897 |
646,968 |
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- Miscellaneous Current Liabilities |
176,798 |
189,630 |
215,496 |
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Total Current Liabilities |
2,971,923 |
5,278,330 |
4,180,622 |
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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 |
1,088,830 |
1,085,720 |
0 |
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- Other Long Term Liabilities |
0 |
781 |
0 |
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Total Long Term Debts |
1,088,830 |
1,086,501 |
0 |
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Shareholders Equity |
|||
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- Issued Share Capital |
890,000 |
890,000 |
18,592 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
57,311 |
51,381 |
876,360 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
947,311 |
941,381 |
894,952 |
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|||
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Working Capital |
1,871,121 |
1,850,907 |
705,210 |
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Net Worth |
947,311 |
941,381 |
894,952 |
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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 |
0.40 |
- |
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Return On Capital Employed |
0.31 |
2.69 |
5.33 |
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Return On Total Assets Employed |
0.13 |
0.75 |
0.94 |
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Return On Net Assets Employed |
0.34 |
2.95 |
6.76 |
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Sales / Net Working Capital |
2.73 |
7.35 |
- |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
23.38 |
6.65 |
- |
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Debtor Days |
176.80 |
166.18 |
- |
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Creditor Days |
198.79 |
107.44 |
- |
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Short Term Stability |
|||
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Current Ratio |
1.63 |
1.35 |
1.17 |
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Liquidity Ratio / Acid Ratio |
1.23 |
1.18 |
0.89 |
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Current Debt Ratio |
3.14 |
5.61 |
4.67 |
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Long Term Stability |
|||
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Gearing |
114.94 |
234.61 |
72.29 |
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Equity In Percentage |
0.19 |
0.13 |
0.18 |
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Total Debt Ratio |
1.15 |
2.35 |
0.72 |
Company Court Data
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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 |
SHEFALI TUSHAR SHAH |
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Birth Date |
1968-06-25 |
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Position Description |
Manager |
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Address |
10 ELSDONKLAAN WILRIJK (ANTW.) |
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Country |
-- |
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Postal Code |
2610 |
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Birth Date |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.89 |
|
|
1 |
Rs.73.85 |
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Euro |
1 |
Rs.64.76 |
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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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 |
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---- |
NB |
New Company |
---- |
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.