MIRA INFORM REPORT
|
Report Date : |
03.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
KIRAN EXPORTS BVBA |
|
|
|
|
Registered Office : |
30, Hoveniersstraat, Antwerpen |
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|
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|
Country : |
Belgium |
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|
|
|
Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
23.07.1996 |
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|
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Com. Reg. No.: |
458428037 |
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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
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Belgium |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
company details |
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Company Number |
458428037 |
|
Name |
|
|
Address |
30, HOVENIERSSTRAAT, ANTWERPEN |
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Post Code |
2018 |
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Telephone Number |
032186177 |
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Fax Number |
032253605 |
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Establishment Date |
23-07-1996 |
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Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
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Number of Employees |
0 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
JACOB JORDAENSSTRAAT |
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House Number |
11 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade Registered Number |
317534 |
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Trade Registered Entry Date |
01-08-1996 |
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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 |
5949 |
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Event Description |
Increase of capital |
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Limit |
|
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Credit Information |
|
|
Purchase Limit (€) |
39,800,000 |
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Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,643 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
8.69 |
|
Day Sales Outstanding |
72.94 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
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Industry Average
Day Sales Outstanding |
124.66 |
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Industry Average
Payment Expectation Days |
137 |
|
Industry
Quartile Analysis |
|
|
Payment
Expectations - Lower |
41.25 |
|
Payment
Expectations - Median |
90.32 |
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Payment
Expectations - Upper |
162.53 |
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|
|
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Day Sales
Outstanding - Lower |
31.52 |
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Day Sales Outstanding - Median |
75.21 |
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Day Sales Outstanding - Upper |
158.58 |
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Company Shareholder Holding |
|
Company Accounts
|
Period |
|||
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Accounts End Date |
31-03-2010 |
31-03-2009 |
31-03-2008 |
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Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
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Profit & Loss |
|||
|
Turnover |
199,144,491 |
120,596,583 |
143,714,308 |
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Total Operating Expenses |
196,783,412 |
118,357,563 |
141,734,441 |
|
Operating Result |
2,361,079 |
2,239,020 |
1,979,867 |
|
Total Financial Income |
2,771 |
275 |
27 |
|
Total Financial Expenses |
2,046,172 |
2,011,088 |
1,692,626 |
|
Results on Ordinary Operations Before Tax |
317,678 |
228,207 |
287,268 |
|
Taxation |
23,713 |
6,484 |
46,534 |
|
Results on Ordinary Operations After Tax |
293,965 |
221,723 |
240,734 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
293,965 |
221,723 |
240,734 |
|
Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
25,397 |
22,553 |
13,470 |
|
- Wages & Salaries |
21,548 |
19,702 |
11,214 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
3,468 |
2,696 |
2,042 |
|
- Other Employee Costs |
381 |
155 |
214 |
|
Amortization & Depreciation |
65,886 |
32,923 |
31,024 |
|
Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
1,672,062 |
1,423,739 |
324,937 |
|
- Land And Buildings |
1,629,103 |
1,395,628 |
288,796 |
|
- Plant And Machinery |
7,317 |
8,103 |
7,517 |
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- Other Tangible Assets |
35,642 |
20,008 |
28,624 |
|
Financial Fixed Assets |
1,791 |
1,622 |
1,042 |
|
Total Fixed Assets |
1,673,853 |
1,425,361 |
325,979 |
|
Inventories |
21,683,058 |
12,922,221 |
10,670,936 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
21,683,058 |
12,922,221 |
10,670,936 |
|
Trade Debtors |
39,795,251 |
40,234,681 |
32,021,908 |
|
Cash |
469,494 |
4,469,271 |
137,488 |
|
- Miscellaneous Current Assets |
-1 |
0 |
0 |
|
Total Current Assets |
62,403,682 |
57,999,877 |
43,130,481 |
|
Current Liabilities |
|||
|
- Trade Creditors |
4,682,639 |
5,667,275 |
5,244,230 |
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- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
36,132,887 |
37,189,857 |
26,038,619 |
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- Miscellaneous Current Liabilities |
111,431 |
65,901 |
99,675 |
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Total Current Liabilities |
40,926,957 |
42,923,033 |
31,382,524 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
6,558,892 |
6,458,747 |
2,239,104 |
|
- Other Long Term Liabilities |
52,250 |
34,645 |
47,743 |
|
Total Long Term Debts |
6,611,142 |
6,493,392 |
2,286,847 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
15,579,900 |
4,100,000 |
4,100,000 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
959,536 |
5,908,813 |
5,687,089 |
|
- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
16,539,436 |
10,008,813 |
9,787,089 |
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|
|||
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Working Capital |
21,476,725 |
15,076,844 |
11,747,957 |
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Net Worth |
16,539,436 |
10,008,813 |
9,787,089 |
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Ratio Analysis |
|||
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
0.16 |
0.19 |
0.20 |
|
Return On Capital Employed |
1.37 |
1.38 |
2.38 |
|
Return On Total Assets Employed |
0.50 |
0.38 |
0.66 |
|
Return On Net Assets Employed |
1.48 |
1.51 |
2.45 |
|
Sales / Net Working Capital |
9.27 |
8 |
12.23 |
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Operating Efficiency |
|||
|
Stock Turnover Ratio |
10.89 |
10.72 |
7.43 |
|
Debtor Days |
72.94 |
121.78 |
81.33 |
|
Creditor Days |
8.69 |
17.48 |
13.51 |
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Short Term Stability |
|||
|
Current Ratio |
1.52 |
1.35 |
1.37 |
|
Liquidity Ratio / Acid Ratio |
0.99 |
1.05 |
1.03 |
|
Current Debt Ratio |
2.47 |
4.29 |
3.21 |
|
Long Term Stability |
|||
|
Gearing |
258.12 |
436.10 |
288.93 |
|
Equity In Percentage |
0.26 |
0.17 |
0.23 |
|
Total Debt Ratio |
2.58 |
4.36 |
2.89 |
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 Drawer |
-- |
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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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Labour Court |
-- |
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Directors |
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Company Director |
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Full Name |
SAMIR BHANSALI |
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Birth Date |
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Position Description |
Manager |
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Address |
5 FLAMINGOLAAN WILRIJK (ANTW.) |
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Country |
-- |
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Postal Code |
2610 |
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Birth Date |
|
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Company Director |
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Full Name |
VIMAL LABHUBHAI LAKHANI |
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Birth Date |
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Position Description |
Manager |
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Address |
1 3 YOGESHWAR SCC STREET ANANT WADI DEVBAUG |
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Country |
India |
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Postal Code |
0 |
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Birth Date |
|
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Company Director |
||
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Full Name |
BHARATKUMAR BHAVANBH PATEL |
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Birth Date |
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Position Description |
Manager |
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Address |
39 VAN LERIUSSTRAAT ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
|
UK Pound |
1 |
Rs.73.89 |
|
Euro |
1 |
Rs.65.57 |
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.