MIRA INFORM REPORT

 

 

Report Date :

16.11.2011

 

IDENTIFICATION DETAILS

 

Name :

SHRENIK STAR

 

 

Registered Office :

Hoveniersstraat 40 B.21 Antwerpen, 2018

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1984

 

 

Com. Reg. No.:

426313812

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Wholesale of other intermediate products

 

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 :

--

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Belgium

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Top of Form

Bottom of Form

Shrenik Star

                                                                                                                                                

 

Hoveniersstraat 40 B.21

 

 

Antwerpen, 2018

Belgium

 

Tel:

03 233 59 16

Fax:

03 233 58 49

 

Suggest Company URL

 

Employees:

NA

Company Type:

Private Independent

 

 

Incorporation Date:

1984

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Dec-2010

Reporting Currency:

Euro

Annual Sales:

0.0  1

Total Assets:

2.3

                                      

Business Description       

 

Wholesale of other intermediate products

   

Industry                                          

 

Industry

Retail (Department and Discount)

ANZSIC 2006:

373 - Furniture, Floor Covering and Other Goods Wholesaling

NACE 2002:

5156 - Wholesale of other intermediate products

NAICS 2002:

4239 - Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:

5156 - Wholesale of other intermediate products

US SIC 1987:

509 - Miscellaneous Durable Goods

                      

Key Executives           

   

 

Name

Title

Luc Cyrille Louisa De Roeck

Shareholders' Representative

Sandeep Suresh Shah

Manager

Shrenik Suresh Shah

Manager

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

 

 

Corporate Overview

 

Location
Hoveniersstraat 40 B.21
Antwerpen, 2018
Belgium

 

Tel:

03 233 59 16

Fax:

03 233 58 49

 

Suggest Company URL

\\vivek\D\Shrenik Star_files\spacer.gif

Sales EUR(mil):

0.0

Assets EUR(mil):

1.7

Employees:

NA

Fiscal Year End:

31-Dec-2010

 

\\vivek\D\Shrenik Star_files\spacer.gif

Industry:

Retail (Department and Discount)

\\vivek\D\Shrenik Star_files\spacer.gif

Incorporation Date:

1984

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(VAT):

426313812

 

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

\\vivek\D\Shrenik Star_files\spacer.gif

\\vivek\D\Shrenik Star_files\spacer.gif

\\vivek\D\Shrenik Star_files\spacer.gif

 

Industry Codes

 

ANZSIC 2006 Codes:

373

-

Furniture, Floor Covering and Other Goods Wholesaling

 

NACE 2002 Codes:

5156

-

Wholesale of other intermediate products

 

NAICS 2002 Codes:

4239

-

Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

509

-

Miscellaneous Durable Goods

 

UK SIC 2003:

5156

-

Wholesale of other intermediate products

 

 

Business Description

Wholesale of other intermediate products

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

\\vivek\D\Shrenik Star_files\spacer.gif

 

Revenue:

0.0

Assets:

1.7

Current Assets:

1.4

 

Fixed Assets:

0.3

 

Total Liabilities:

1.7

 

Issued Capital:

0.0

 

Net Worth:

0.0

 

\\vivek\D\Shrenik Star_files\spacer.gif

 

 

Date of Financial Data:

31-Dec-2010

 

\\vivek\D\Shrenik Star_files\spacer.gif

1 Year Growth

NA

NA

 

 

 

 

 

Executives Report

 

 

\\vivek\D\Shrenik Star_files\spacer.gif

Executives

 

Name

Title

Function

Luc Cyrille Louisa De Roeck

 

Shareholders' Representative

Shareholder Relations Executive

Shrenik Suresh Shah

 

Manager

Other

Sandeep Suresh Shah

 

Manager

Other

 

     Annual Profit & Loss

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

    Remuneration, Social Security Charges, and Pensions

0.0

0.0

0.0

    Depreciation of and Other Amounts Written Off of Formation Expense, Intangible and Tangible Fixed Assets

0.0

0.0

0.0

    Other Operating Charges

0.0

0.0

0.0

Financial Income

0.0

0.1

0.0

Financial Charges

0.1

0.2

0.1

Extraordinary Income

0.1

0.0

0.0

Extraordinary Charges

0.1

-

-

Income Taxes

0.0

0.0

0.0

    Transfers From Capital and Reserves

-

0.0

-

        To Other Reserves

0.0

0.0

-

    Transfers to Capital and Reserves

0.0

0.0

-

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

        Land & Buildings

0.4

0.4

0.4

        Plant, Machinery, and Equipment

0.0

0.0

0.0

        Furniture and Vehicles

0.1

0.0

0.0

    Tangible Assets

0.5

0.4

0.4

Fixed Assets

0.5

0.4

0.4

        Stocks

0.6

0.9

0.9

    Inventory and Orders in Progress

0.6

0.9

0.9

        Trade Debtors

1.0

0.4

0.9

        Other Amounts Receivable

0.1

0.1

0.1

    Amounts Receivable Within One Year

1.1

0.5

1.0

    Liquid Assets

0.1

0.0

0.0

    Adjustment Accounts

0.0

0.0

0.0

Current Assets

1.8

1.5

1.8

Total Assets

2.3

1.9

2.3

        Issued Capital

0.0

0.0

0.0

        Uncalled Capital

-

0.0

0.0

    Capital

0.0

0.0

0.0

        Legal Reserve

0.0

0.0

0.0

        Other

0.1

0.1

0.1

        Reserves Not Available for Distribution

0.1

0.1

0.1

        Reserves Available for Distribution

0.0

0.0

0.0

    Reserves

0.1

0.1

0.1

Capital and Reserves

0.2

0.1

0.1

        Financial Debts

0.6

0.6

0.6

    Amounts Due After More Than One Year

0.6

0.6

0.6

        Current Portion of Amounts Payable After More Than One Year

0.0

0.0

0.0

        Credit Institutions

0.5

0.5

0.4

        Financial Debts

0.5

0.5

0.4

        Suppliers

1.0

0.6

1.0

        Trade Debts

1.0

0.6

1.0

        Taxes

0.0

0.0

0.0

        Remuneration and Social Security

-

0.0

0.0

        Taxes, Wages, and Social Security

0.0

0.0

0.0

        Other Amounts Payable

0.0

0.0

0.0

    Amounts Payable Within One Year

1.5

1.1

1.5

    Adjustment Accounts

0.0

0.0

0.0

Creditors

2.1

1.7

2.1

Total Liabilities + Shareholders' Equity

2.3

1.9

2.3

 

 

 Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.56

UK Pound

1

Rs.80.30

Euro

1

Rs.68.79

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.