MIRA INFORM REPORT

 

 

Report Date :

21.09.2011

 

IDENTIFICATION DETAILS

 

Name :

SHIVANI GEMS CVA

 

 

Registered Office :

Schupstraat 1 Antwerpen 2018

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

22.01.1982

 

 

Com. Reg. No.:

422531406

 

 

Legal Form :

Limited Partnership with shares (BL/LX)

 

 

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 :

Satisfactory

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 – 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 name and address Top of Form

 

Business number

422531406

Company name

SHIVANI GEMS CVA

Address

SCHUPSTRAAT 1 ANTWERPEN

Telephone number

0475610125

Post code

2018

Fax number

032325852

Date of establishment

22/01/1982

Number of staff

1

 

Holding company

 

Safe Number

Company name

 

Company Number

View linked companies from outside this company's group structure

-

-

 

-

No linked companies have been found.

 

Accounts & ratios

 

Date of latest accounts

Turnover

Profit Before Tax

Net worth

31/12/2010

11,079,264

53,008

1,859,970

31/12/2009

3,799,805

4,490

1,811,280

31/12/2008

12,855,411

23,516

1,806,738

Accounts & ratios

Date of latest accounts

Balance Total

Investments

Capital

Cash Flow

Number of Employees

31/12/2010

22,893,278

6,220

694,102

58,710

1

31/12/2009

12,318,396

6,220

694,102

20,512

1

31/12/2008

19,266,770

6,220

694,102

4,177

1

Trends

Profitability

 

http://app.creditsafe.be/CSBELive/Images/arrow_up.gif

 

Liquidity

 

http://app.creditsafe.be/CSBELive/Images/arrow_down.gif

 

Net worth

 

http://app.creditsafe.be/CSBELive/Images/arrow_up.gif

 

 

Payment expectations

 

Past payments

 

Payment expectation days

182.06

Industry average payment expectation days

207.60

Industry average day sales outstanding

139.55

Day sales outstanding

217.03

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Court data summary

 

Bankruptcy details

Court action type

no

Protested bills

Bill amount

-

NSSO details

Date of summons

-

 

Business number

422531406

Company name

SHIVANI GEMS CVA

Fax number

032325852

Date founded

22/01/1982

Company status

active

Company type

Limited Partnership with shares (BL/LX)

Currency

Euro (€)

Date of latest accounts

31/12/2010

Activity code

46761

liable for VAT

yes

Activity description

Wholesale of diamonds and other precious stones

VAT Number

BE.0422.531.406

Belgian Bullettin of Acts Publications

moniteur belge

 

 

Contractor details Check Article 30 Bis

Registered contractor number

-

Contractor description

-

Date struck off register

 

 

Personnel limit NSSO

Code

-

Description

FROM 1 TO 4 EMPLOYEES

 

Joint Industrial Committee (JIC)

 

JIC Code

218

Description

Additional national joint committee for the employees

category

 

 

JIC Code

324

Description

Joint committee for the industry and the trade in diamant

category

 

 

Export accounts to CSV file

 

comparison mode

average

median

 

 

Profit & loss

 

Annual accounts

31-12-2010

%

31-12-2009

%

31-12-2008

Industry average
2010

%

Weeks

52

 

52

 

52

 

 

Currency

EUR

 

EUR

 

EUR

 

 

Turnover

11,079,264

191

3,799,805

-70.44

12,855,411

35,513,570

-68.80

Total operating expenses

10,749,133

203

3,544,019

-71.50

12,434,645

35,218,196

-69.48

Operating result

330,131

29.07

255,786

-39.21

420,766

112,093

194

Total financial income

357

-90.45

3,740

431

704

131,317

-99

Total financial expenses

277,480

8.80

255,036

-35.91

397,954

192,608

44.06

Results on ordinary operations before taxation

53,008

1080

4,490

-80.91

23,516

35,168

50.73

Taxation

4,318

1348

298

-

-

13,605

-68.26

Results on ordinary operations after taxation

48,690

1061

4,192

-82.17

23,516

25,948

87.64

Extraordinary items

0

-100

350

-

0

-500

0

Other appropriations

0

-

0

-

0

-

-

Net result

48,690

971

4,542

-80.69

23,516

25,464

91.21

other information

Dividends

-

-

-

-

-

124,135

-

Director remuneration

34,105

-1.12

34,493

-

-

117,808

-71.05

Employee costs

29,094

0.10

29,065

3.77

28,008

113,612

-74.39

      Wages and salary

23,857

-0.17

23,897

5.30

22,694

95,267

-74.96

      Employee pension costs

-

-

-

-

-

1,147

-

      Social security contributions

4,656

-2.02

4,752

9.64

4,334

21,602

-78.45

      Other employee costs

581

39.66

416

-57.55

980

1,945

-70.13

Amortization and depreciation

31,840

-23.90

41,841

-1.98

42,687

17,545

81.48

 

balance sheet

 

Annual accounts

31-12-2010

%

31-12-2009

%

31-12-2008

Industry average
2010

%

Weeks

52

 

52

 

52

 

 

Currency

EUR

 

EUR

 

EUR

 

 

Intangible fixed assets

0

-

0

-

0

849

-100

Tangible fixed assets

484,981

-5.36

512,436

-7.55

554,277

159,617

203

      Land & building

469,962

-5.37

496,654

-5.15

523,638

325,411

44.42

      Plant & machinery

-

-

-

-

1,711

22,334

-

      Other tangible assets

15,019

-4.83

15,782

-45.44

28,928

18,261

-17.75

Financial fixed assets

6,220

0

6,220

0

6,220

151,724

-95.90

Total fixed assets

491,201

-5.29

518,656

-7.46

560,497

254,320

93.14

Inventories

4,549,819

19.61

3,803,853

-27.30

5,232,162

2,297,065

98.07

      Raw materials & consumables

-

-

-

-

-

2,730,157

-

      Work in progress

0

-

0

-

0

2,775

-100

      Finished goods

4,549,819

19.61

3,803,853

-27.30

5,232,162

1,434,986

217

      Other stocks

0

-

0

-

0

453,585

-100

Trade debtors

6,587,863

224

2,029,299

-56.56

4,670,962

2,866,971

129

Cash

58,710

186

20,512

391

4,177

229,026

-74.37

other amounts receivable

689,031

-0.46

692,187

925

67,483

125,134

450

Miscellaneous current assets

0

-100

331

-77.53

1,473

25,485

-100

Total current assets

11,885,423

81.56

6,546,182

-34.38

9,976,257

5,154,001

130

current liabilities

Trade creditors

5,361,475

181

1,903,465

-52.29

3,989,403

2,204,540

143

Short term group loans

-

-

-

-

-

-

-

Other short term loans

1,559,394

1164

123,301

-89.73

1,200,588

1,185,275

31.56

Miscellaneous current liabilities

458,643

60.05

286,559

-38.40

465,178

28.83

- -

Total current liabilities

7,379,512

219

2,313,325

-59.09

5,655,169

3,647,277

102

Long term debts

Long term group loans

-

-

-

-

-

-

- -

Other long term loans

3,137,142

6.70

2,940,233

-4.38

3,074,847

304

- -

Other long term liabilities

0

-

0

-

0

138,429

-100

Total long term debts

3,137,142

6.70

2,940,233

-4.38

3,074,847

448,971

598

shareholders equity

Issued share capital

694,102

0

694,102

0

694,102

740,475

-6.26

Share premium account

-

-

-

-

-

121,738

-

Reserves

1,165,868

4.36

1,117,178

0.41

1,112,636

526,682

121

Revaluation reserve

-

-

-

-

-

608,562

-

Total shareholders equity

1,859,970

2.69

1,811,280

0.25

1,806,738

1,283,052

44.96

Working capital

4,505,911

6.45

4,232,857

-2.04

4,321,088

1,506,725

199

Net worth

1,859,970

2.69

1,811,280

0.25

1,806,738

1,282,202

45.06

 

ratio analysis

 

Annual accounts

31-12-2010

change(%)

31-12-2009

change(%)

31-12-2008

Industry average
2010

%

Trading performance

Profit Before Tax

0.48

300

0.12

-33.33

0.18

-2,00

24.00

Return on capital employed

1.06

1077

0.09

-81.25

0.48

15,00

-92.93

Return on total assets employed

0.43

616

0.06

-72.73

0.22

-104,00

0.41

Return on net assets employed

2.85

1040

0.25

-80.77

1.30

18,00

-84.17

Sales / net working capital

2.46

173

0.90

-69.80

2.98

45,00

-99

Stock turnover ratio

41.07

-58.98

100.11

145

40.70

67,00

-38.70

Debtor days

217.03

11.34

194.93

46.98

132.62

156,00

39.12

Creditor days

182.06

-7.13

196.04

67.41

117.10

153,00

18.99

short term stability

Current ratio

1.61

-43.11

2.83

60.80

1.76

10,00

-82.11

Liquidity ratio / acid ratio

0.99

-16.81

1.19

41.67

0.84

5,00

-80.20

Current debt ratio

3.97

210

1.28

-59.11

3.13

9,00

-55.89

Liquidity ratio reprocessed

-

-

-

-

-

-

-

long term stability

Gearing

252.51

49.29

169.14

-28.52

236.64

111,00

127

Equity in percentage

15.03

-41.38

25.64

49.50

17.15

-1.951,00

0.77

Total debt ratio

5.65

94.83

2.90

-39.96

4.83

9,00

-37.22

 

 

Industry comparison

 

Activity code

46761

Activity description

Wholesale of diamonds and other precious stones

industry average credit rating

64.48

Industry average credit limit

140177.31

 

 

Payment expectations

 

Payment expectation days

182.06

Day sales outstanding

217.03

Industry comparison

Activity code

46761

Activity description

Wholesale of diamonds and other precious stones

Industry average payment expectation days

207.60

Industry average day sales outstanding

139.55

 

Industry quartile analysis

Payment expectations

View graph

Company result

182.06

Lower

142.58

Median

91.76

Upper

48.13

 

Day sales outstanding

View graph

Company result

217.03

Lower

129.55

Median

64.55

Upper

29.17

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Summary

 

Group - Number of Companies

0

Linkages - Number of Companies

0

Number of Countries

0

 

Holding company

 

No holding companies found

 

Subsidiaries

 

No subsidiary companies found

 

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Company name

Date of accounts

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417146025

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417418813

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418359614

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419594482

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420643369

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421277235

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421277928

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-

421670876

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423114295

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427205816

SUNNY GEMS BVBA

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429582415

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430574882

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-

431231514

BELGAMER INVESTMENTS NV

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463382757

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KARNY SHAÏ

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PILLER JEAN CLAUDE

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NSSO details

 

Business number

422531406

Name of defendant

-

Legal form of defendant

-

Date of summons

-

Labour court

-

Bankruptcy details

 

 

There is no bankruptcy data against this company

 

 

 

court data

 

there is no data for this company

 

Current director details

 

Name

SHITAL SHAH

Position

Principal Manager

Street

213 MECHELSESTEENWEG ANTWERPEN

Post code

2018

Country

Belgium

 

Name

HIMANSHU MEHTA

Position

Principal Manager

Street

213 MECHELSESTEENWEG ANTWERPEN

Post code

2018

Country

Belgium

Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.22

UK Pound

1

Rs.75.63

Euro

1

Rs.65.64

 

 

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

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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%)

 

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.