MIRA INFORM
REPORT
|
Report Date : |
08.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
JEWEL ROUGH NV |
|
|
|
|
Registered Office : |
9, Schupstraat, Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
27.09.1990 |
|
|
|
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Com. Reg. No.: |
441688015 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
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 – 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 |
441688015 |
|
Name |
|
|
Address |
9, SCHUPSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032252181 |
|
Fax Number |
032252189 |
|
Establishment Date |
27-09-1990 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
1 |
|
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 |
130655 |
|
Event Description |
Reappointment |
|
Limit |
|
|
Credit Information |
|
|
Credit Limit (€) |
|
|
Purchase Limit (€) |
|
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,342 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
|
|
Day Sales Outstanding |
|
|
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 |
|
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 |
- |
- |
- |
|
Total Operating Expenses |
- |
- |
- |
|
Operating Result |
6,272 |
22,945 |
11,587 |
|
Total Financial Income |
70 |
71 |
140 |
|
Total Financial Expenses |
666 |
3,702 |
6,348 |
|
Results on Ordinary Operations Before Tax |
5,677 |
19,315 |
5,379 |
|
Taxation |
3,261 |
8,284 |
1,660 |
|
Results on Ordinary Operations After Tax |
2,416 |
11,031 |
3,719 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
2,415 |
11,031 |
3,719 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
31,981 |
44,602 |
43,494 |
|
- Wages & Salaries |
27,644 |
36,577 |
35,904 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
3,730 |
7,409 |
7,001 |
|
- Other Employee Costs |
607 |
616 |
589 |
|
Amortization & Depreciation |
364 |
1,057 |
1,759 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
80 |
444 |
1,501 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
80 |
444 |
1,501 |
|
- Other Tangible Assets |
0 |
0 |
0 |
|
Financial Fixed Assets |
2,791,591 |
2,331,777 |
1,169,932 |
|
Total Fixed Assets |
2,791,671 |
2,332,221 |
1,171,433 |
|
Inventories |
634,069 |
945,414 |
1,704,378 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
634,069 |
945,414 |
1,704,378 |
|
Trade Debtors |
834,488 |
912,762 |
1,111,769 |
|
Cash |
16,921 |
12,535 |
31,419 |
|
- Miscellaneous Current Assets |
612 |
562 |
2,319 |
|
Total Current Assets |
1,557,682 |
2,053,876 |
3,026,211 |
|
Current Liabilities |
|||
|
- Trade Creditors |
2,080,206 |
1,795,474 |
1,927,758 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
0 |
0 |
0 |
|
- Miscellaneous Current Liabilities |
1,117,085 |
1,145,271 |
1,068,659 |
|
Total Current Liabilities |
3,197,291 |
2,940,745 |
2,996,417 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
0 |
0 |
0 |
|
- Other Long Term Liabilities |
353,379 |
649,084 |
415,991 |
|
Total Long Term Debts |
353,379 |
649,084 |
415,991 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
62,000 |
62,000 |
62,000 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
736,683 |
734,268 |
723,237 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
798,683 |
796,268 |
785,237 |
|
|
|||
|
Working Capital |
-1,639,609 |
-886,869 |
29,794 |
|
Net Worth |
798,683 |
796,268 |
785,237 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
- |
- |
- |
|
Return On Capital Employed |
0.49 |
1.34 |
0.45 |
|
Return On Total Assets Employed |
0.13 |
0.44 |
0.13 |
|
Return On Net Assets Employed |
-0.35 |
-2.18 |
18.05 |
|
Sales / Net Working Capital |
- |
- |
- |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
|
Creditor Days |
- |
- |
- |
|
Short Term Stability |
|||
|
Current Ratio |
0.49 |
0.70 |
1.01 |
|
Liquidity Ratio / Acid Ratio |
0.29 |
0.38 |
0.44 |
|
Current Debt Ratio |
4 |
3.69 |
3.82 |
|
Long Term Stability |
|||
|
Gearing |
0 |
0 |
0 |
|
Equity In Percentage |
0.18 |
0.18 |
0.19 |
|
Total Debt Ratio |
0 |
0 |
0 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
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Name of Drawer |
-- |
|
City of Drawer |
-- |
|
NSSO Details |
|
|
Name of Defendant |
JEWEL ROUGH |
|
Legal Form of Defendant |
Limited company |
|
Date of Summons |
2006-09-18 |
|
Labour Court |
ANTWERPEN |
|
Directors |
|
|
Company Director |
|
|
Full Name |
VYAY MEHTA |
|
Birth Date |
|
|
Position Description |
Managing director |
|
Address |
103 SHRI KRUPA NP THAKKER MAR 400057 MUMBAI |
|
Country |
India |
|
Postal Code |
0 |
|
Birth Date |
2013-01-01 |
|
Company Director |
|
|
Full Name |
DEPIKABEN SHAH |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
103 SHRI KRUPA NP THAKKER MAR 400057 MUMBAI |
|
Country |
India |
|
Postal Code |
0 |
|
Birth Date |
2013-01-01 |
|
Company Director |
|
|
Full Name |
VIRAL ASHOKKUMAR SHAH |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
78 SUMAR DAIRY ROAD SARDARNAGAR SOCIET |
|
Country |
India |
|
Postal Code |
0 |
|
Birth Date |
2013-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.74 |
|
UK Pound |
1 |
Rs.73.25 |
|
Euro |
1 |
Rs.65.48 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.