MIRA
INFORM REPORT
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Report Date : |
19.10.2011 |
IDENTIFICATION DETAILS
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Name : |
DEV JEWELS |
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Registered Office : |
Hoveniersstraat 2 B.505 Antwerpen, 2018 |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment: |
1989 |
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Com. Reg. No.: |
436733887 |
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Legal Form : |
Private Subsidiary |
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LINE OF BUSINESS : |
WHOLESALE
OF OTHER INTERMEDIATE PRODUCTS |
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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 name and address
Dev Jewels
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Business
Description
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Wholesale of other intermediate products |
Industry
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Industry |
Retail (Department and Discount) |
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ANZSIC 2006: |
373 - Furniture, Floor Covering and Other
Goods Wholesaling |
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NACE 2002: |
5156 - Wholesale of other intermediate
products |
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NAICS 2002: |
4239 - Miscellaneous Durable Goods
Merchant Wholesalers |
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UK SIC 2003: |
5156 - Wholesale of other intermediate
products |
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US SIC 1987: |
509 - Miscellaneous Durable Goods |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Corporate Structure News
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Dev Jewels |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Senior Living Group |
Parent |
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Subsidiary |
Roeselare |
Belgium |
Construction Services |
2.1 |
10 |
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Subsidiary |
Stabroek |
Belgium |
Construction Services |
0.0 |
10 |
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Subsidiary |
Antwerpen |
Belgium |
Retail (Department and Discount) |
0.0 |
2 |
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Subsidiary |
Bruxelles |
Belgium |
Real Estate Operations |
6.1 |
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Subsidiary |
Bruxelles |
Belgium |
Healthcare Facilities |
3.6 |
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Subsidiary |
Bruxelles |
Belgium |
Construction Services |
1.3 |
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Executives Report
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Annual Profit & Loss
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Remuneration, Social Security Charges, and
Pensions |
0.1 |
0.1 |
0.1 |
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Depreciation of and Other Amounts Written Off of
Formation Expense, Intangible and Tangible Fixed Assets |
0.1 |
0.1 |
0.1 |
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Increase or Decrease in Amounts Written Off
Stocks, Orders, and Trade Debtors |
0.1 |
- |
- |
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Other Operating Charges |
0.0 |
0.0 |
0.0 |
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Financial Income |
0.0 |
0.0 |
0.0 |
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Financial Charges |
0.1 |
0.0 |
0.1 |
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Extraordinary Income |
0.0 |
0.0 |
- |
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Income Taxes |
0.0 |
0.0 |
0.0 |
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Employees |
2 |
2 |
2 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Land & Buildings |
0.6 |
0.6 |
0.6 |
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Plant, Machinery, and
Equipment |
0.1 |
0.2 |
0.2 |
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Furniture and Vehicles |
0.0 |
0.0 |
0.0 |
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Tangible Assets |
0.7 |
0.8 |
0.9 |
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Capital Assets |
0.0 |
0.0 |
0.0 |
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Fixed Assets |
0.7 |
0.8 |
0.9 |
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Stocks |
0.7 |
1.1 |
2.1 |
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Inventory and Orders in Progress |
0.7 |
1.1 |
2.1 |
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Trade Debtors |
6.4 |
4.5 |
4.7 |
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Other Amounts
Receivable |
0.1 |
0.1 |
0.1 |
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Amounts Receivable Within One Year |
6.5 |
4.6 |
4.8 |
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Liquid Assets |
2.9 |
1.7 |
0.8 |
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Adjustment Accounts |
0.0 |
0.0 |
0.0 |
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Current Assets |
10.1 |
7.4 |
7.7 |
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Total Assets |
10.8 |
8.2 |
8.6 |
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Issued Capital |
0.0 |
0.0 |
0.0 |
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Capital |
0.0 |
0.0 |
0.0 |
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Legal Reserve |
0.0 |
0.0 |
0.0 |
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Other |
5.0 |
5.3 |
5.2 |
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Reserves Not Available
for Distribution |
5.0 |
5.3 |
5.2 |
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Reserves Available for
Distribution |
0.1 |
0.1 |
0.1 |
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Reserves |
5.1 |
5.5 |
5.3 |
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Capital and Reserves |
4.9 |
5.3 |
5.1 |
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Financial Debts |
0.3 |
0.4 |
0.5 |
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Other Amounts Payable |
0.5 |
- |
- |
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Amounts Due After More Than One Year |
0.9 |
0.4 |
0.5 |
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Current Portion of
Amounts Payable After More Than One Year |
0.1 |
0.1 |
0.1 |
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Suppliers |
4.9 |
1.6 |
2.0 |
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Trade Debts |
4.9 |
1.6 |
2.0 |
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Taxes |
0.0 |
0.0 |
0.0 |
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Remuneration and
Social Security |
0.0 |
0.0 |
0.0 |
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Taxes, Wages, and
Social Security |
0.0 |
0.0 |
0.0 |
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Other Amounts Payable |
0.1 |
0.8 |
0.8 |
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Amounts Payable Within One Year |
5.1 |
2.5 |
3.0 |
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Adjustment Accounts |
0.0 |
- |
0.0 |
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Creditors |
6.0 |
2.9 |
3.4 |
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Total Liabilities + Shareholders' Equity |
10.8 |
8.2 |
8.6 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
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|
1 |
Rs.77.58 |
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Euro |
1 |
Rs.67.58 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
-- |
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.