MIRA
INFORM REPORT
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Report Date : |
21.06.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
18, Schupstraat, Antwerpen |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
25.07.2008 |
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Com. Reg. No.: |
899516632 |
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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 : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 |
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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 details
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Company Number |
899516632 |
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Name |
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Address |
18, SCHUPSTRAAT, ANTWERPEN |
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Post Code |
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Telephone Number |
037708727 |
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Fax Number |
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Establishment Date |
25-07-2008 |
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Company Status |
ACTIVE |
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Company Type |
Private limited liability company |
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Number of Employees |
0 |
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Activity Description |
Wholesale of diamonds and other precious stones |
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Activity Code |
46761 |
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Liable For Vat |
yes |
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Currency |
Euro (€) |
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 |
-- |
Contractor Details
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Registration Number |
-- |
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Contractor Description |
-- |
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Striking Off Date |
-- |
Latest Event
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Serial Number |
60806 |
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Event Description |
Appointment commissioner |
Limit
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Credit Information |
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Purchase Limit (€) |
-- |
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Industry Comparison |
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Industry Average Credit Limit (€) |
179,542 |
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Payment Expectations
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Payment Expectation Days |
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Day Sales Outstanding |
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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 |
118.41 |
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Industry Average
Payment Expectation Days |
129.30 |
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Industry Quartile Analysis |
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Payment
Expectations - Lower |
39.10 |
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Payment
Expectations - Median |
82.23 |
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Payment
Expectations - Upper |
147.83 |
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Day Sales
Outstanding - Lower |
30.27 |
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Day Sales
Outstanding - Median |
70.33 |
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Day Sales
Outstanding - Upper |
148.91 |
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Company Shareholder Holding |
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Company Accounts
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Period |
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Accounts End Date |
31-12-2009 |
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Currency |
EUR |
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Weeks |
52 |
Profit & Loss
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Turnover |
- |
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Total Operating Expenses |
- |
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Operating Result |
-2,013,016 |
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Total Financial Income |
2,179,004 |
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Total Financial Expenses |
9,386 |
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Results on Ordinary Operations Before Tax |
156,603 |
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Taxation |
56,348 |
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Results on Ordinary Operations After Tax |
100,255 |
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Extraordinary Items |
0 |
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Net Result |
100,254 |
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Other Information |
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Dividends |
- |
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Director Remuneration |
- |
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Employee Costs |
0 |
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- Wages & Salaries |
- |
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- Employee Pension Costs |
- |
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- Social Security Contributions |
- |
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- Other Employee Costs |
- |
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Amortization & Depreciation |
564 |
Balance Sheet
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Intangible Fixed Assets |
0 |
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Tangible Fixed Assets |
564 |
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- Land And Buildings |
0 |
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- Plant And Machinery |
0 |
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- Other Tangible Assets |
564 |
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Financial Fixed Assets |
0 |
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Total Fixed Assets |
564 |
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Inventories |
10,953,836 |
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- Raw Materials & Consumables |
0 |
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- Work in Progress |
0 |
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- Finished Goods |
0 |
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- Other Stocks |
10,953,836 |
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Trade Debtors |
3,484,681 |
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Cash |
56,309 |
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- Miscellaneous Current Assets |
0 |
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Total Current Assets |
14,501,438 |
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Current Liabilities |
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- Trade Creditors |
14,326,400 |
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- Short Term Group Loans |
0 |
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- Other Short Term Loans |
0 |
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- Miscellaneous Current Liabilities |
56,348 |
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Total Current Liabilities |
14,382,748 |
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Long Term Debts |
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- Long Term Group Loans |
0 |
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- Other Long Term Loans |
0 |
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- Other Long Term Liabilities |
0 |
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Total Long Term Debts |
0 |
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Shareholders Equity |
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- Issued Share Capital |
19,000 |
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- Share Premium Account |
0 |
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- Reserves |
100,254 |
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- Revaluation Reserve |
0 |
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Total Shareholders Equity |
119,254 |
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Working Capital |
118,690 |
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Net Worth |
119,254 |
Ratio Analysis
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
- |
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Return On Capital Employed |
131.32 |
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Return On Total Assets Employed |
1.08 |
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Return On Net Assets Employed |
131.94 |
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Sales / Net Working Capital |
- |
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Operating Efficiency |
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Stock Turnover Ratio |
- |
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Debtor Days |
- |
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Creditor Days |
- |
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Short Term Stability |
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Current Ratio |
1.01 |
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Liquidity Ratio / Acid Ratio |
0.25 |
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Current Debt Ratio |
120.61 |
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Long Term Stability |
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Gearing |
0 |
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Equity In Percentage |
0.01 |
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Total Debt Ratio |
0 |
Directors
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Company Director |
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Full Name |
HENRI POMERANZ |
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Birth Date |
1956-07-10 |
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Position Description |
Manager |
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Address |
26 ALBERTSTRAAT ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.99 |
|
UK Pound |
1 |
Rs.72.60 |
|
Euro |
1 |
Rs.64.01 |
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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.