MIRA
INFORM REPORT
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Report Date : |
15.02.2014 |
IDENTIFICATION DETAILS
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Name : |
AALISHA GEMS |
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Registered Office : |
Hoveniersstraat 2 B.204, Antwerpen, 2018 |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2012 |
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Year of Establishment : |
1997 |
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Com. Reg. No.: |
48286812 |
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Legal Form : |
Private Independent |
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LINE OF BUSINESS : |
WHOLESALER
OF OTHER INTERMEDIATE PRODUCTS |
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No of Employees : |
5 |
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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 |
BELGIUM - ECONOMIC OVERVIEW
This modern, open, and
private-enterprise-based economy has capitalized on its central geographic
location, highly developed transport network, and diversified industrial and commercial
base. Industry is concentrated mainly in the more heavily-populated region of
Flanders in the north. With few natural resources, Belgium imports substantial
quantities of raw materials and exports a large volume of manufactures, making
its economy vulnerable to volatility in world markets. Roughly three-quarters
of Belgium's trade is with other EU countries, and Belgium has benefited most
from its proximity to Germany. In 2011 Belgian GDP grew by 1.8%, the
unemployment rate decreased slightly to 7.2% from 8.3% the previous year, and
the government reduced the budget deficit from a peak of 6% of GDP in 2009 to
4.2% in 2011 and 3.3% in 2012. Fourth quarter GDP growth in 2012 was at -0.1%,
the third consecutive quarter of negative growth. This brought economic growth
for the whole of 2012 to negative 0.2%. It also left Belgium on the brink of a
possible recession at the end of 2012. However, at year's end, the government
appeared close to meeting its 2012 budget deficit goal of 3% of GDP. Despite the
relative improvement in Belgium's budget deficit, public debt hovers around
100% of GDP, a factor that has contributed to investor perceptions that the
country is increasingly vulnerable to spillover from the euro-zone crisis.
Belgian banks were severely affected by the international financial crisis in
2008 with three major banks receiving capital injections from the government,
and the nationalization of the Belgian retail arm of a Franco-Belgian bank.
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Source
: CIA |
COMPANY DETAILS
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Aalisha Gems |
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Business Description
Wholesale of other intermediate products
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
4669 - Wholesale of waste and scrap
and other products n.e.c. |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
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Name |
Title |
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Steven Andre Vyvey |
Representative/Auditor |
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Devang Narendra Shah |
Manager |
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Viral Shah |
Manager |
1 - Profit & Loss Item Exchange Rate:
USD 1 = EUR 0.7782366
2 - Balance Sheet Item Exchange Rate: USD 1
= EUR 0.7566
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ANZSIC 2006 Codes: |
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373 |
- |
Furniture, Floor Covering and Other Goods
Wholesaling |
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ISIC Rev 4 Codes: |
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4669 |
- |
Wholesale of waste and scrap and other
products n.e.c. |
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NACE Rev 2 Codes: |
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4676 |
- |
Wholesale of other intermediate products |
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NAICS 2012 Codes: |
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4239 |
- |
Miscellaneous Durable Goods Merchant
Wholesalers |
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US SIC 1987: |
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509 |
- |
Miscellaneous Durable Goods |
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UK SIC 2007: |
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4676 |
- |
Wholesale of other intermediate products |
Wholesale of other intermediate products
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Executives Report
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Executives |
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Representative/Auditor |
Accounting Executive |
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Manager |
Other |
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Manager |
Other |
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Annual
Profit & Loss
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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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) |
0.778237 |
0.71919 |
0.755078 |
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Consolidated |
No |
No |
No |
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Turnover |
35.5 |
64.2 |
55.1 |
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Other Operating
Income |
0.0 |
0.0 |
0.0 |
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Operating Income |
35.5 |
64.2 |
55.1 |
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Purchases |
34.7 |
63.9 |
54.2 |
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Increase
or Decrease in Stocks |
-1.3 |
-1.5 |
-0.3 |
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Raw Materials,
Consumables, and Goods for Release |
33.4 |
62.5 |
54.0 |
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Services and
Sundry Goods |
0.4 |
0.4 |
0.4 |
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Remuneration, Social
Security Charges, and Pensions |
0.3 |
0.2 |
0.1 |
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Depreciation of
and Other Amounts Written Off of Formation Expense, Intangible and Tangible
Fixed Assets |
0.0 |
0.1 |
0.1 |
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Other Operating
Charges |
0.0 |
0.0 |
0.0 |
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Operating
Charges |
34.1 |
63.2 |
54.5 |
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Income From
Current Assets |
0.0 |
0.0 |
0.0 |
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Other Financial
Income |
0.0 |
0.0 |
0.2 |
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Financial Income |
0.0 |
0.0 |
0.2 |
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Interest and Other
Debt Charges |
1.0 |
0.8 |
0.5 |
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Other Financial
Charges |
0.2 |
0.1 |
0.1 |
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Financial
Charges |
1.2 |
0.9 |
0.6 |
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Income Taxes |
0.0 |
0.1 |
0.1 |
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Adjustment of
Income Taxes and Write-Back of Tax Provisions |
0.0 |
- |
- |
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Income Taxes |
0.0 |
0.1 |
0.1 |
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To
Other Reserves |
0.1 |
0.1 |
0.1 |
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Transfers to
Capital and Reserves |
0.1 |
0.1 |
0.1 |
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Employees |
5 |
4 |
2 |
Annual
Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Land
& Buildings |
0.7 |
0.7 |
0.7 |
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Plant,
Machinery, and Equipment |
0.0 |
0.0 |
0.0 |
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Furniture
and Vehicles |
0.0 |
0.0 |
0.0 |
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Tangible
Assets |
0.7 |
0.7 |
0.7 |
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Amounts
Receivable and Cash Guarantees |
- |
- |
0.0 |
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Other
Capital Assets |
- |
- |
0.0 |
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Capital
Assets |
- |
- |
0.0 |
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Fixed Assets |
0.7 |
0.7 |
0.7 |
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Goods
Purchased for Resale |
6.1 |
4.7 |
3.4 |
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Stocks |
6.1 |
4.7 |
3.4 |
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Inventory
and Orders in Progress |
6.1 |
4.7 |
3.4 |
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Trade
Debtors |
11.0 |
16.6 |
15.5 |
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Other
Amounts Receivable |
0.0 |
0.6 |
0.7 |
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Amounts
Receivable Within One Year |
11.0 |
17.2 |
16.2 |
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Liquid
Assets |
4.3 |
0.9 |
0.3 |
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Adjustment
Accounts |
0.0 |
0.0 |
0.0 |
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Current Assets |
21.5 |
22.8 |
19.9 |
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Total Assets |
22.2 |
23.5 |
20.7 |
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Issued
Capital |
3.0 |
3.0 |
3.1 |
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Capital
|
3.0 |
3.0 |
3.1 |
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Legal
Reserve |
0.3 |
0.3 |
0.3 |
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Reserves
Available for Distribution |
0.5 |
0.4 |
0.3 |
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Reserves |
0.8 |
0.7 |
0.6 |
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Capital and
Reserves |
3.8 |
3.7 |
3.7 |
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Credit
Institutions |
0.3 |
0.3 |
0.4 |
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Financial
Debts |
0.3 |
0.3 |
0.4 |
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Other
Amounts Payable |
4.2 |
4.2 |
4.1 |
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Amounts
Due After More Than One Year |
4.4 |
4.5 |
4.4 |
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Current
Portion of Amounts Payable After More Than One Year |
0.1 |
0.0 |
0.0 |
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Credit
Institutions |
9.3 |
9.3 |
7.3 |
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Financial
Debts |
9.3 |
9.3 |
7.3 |
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Suppliers |
4.4 |
5.7 |
5.2 |
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Trade
Debts |
4.4 |
5.7 |
5.2 |
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Advances
Received on Orders in Progress |
- |
0.1 |
- |
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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 |
0.1 |
0.0 |
0.0 |
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Other
Amounts Payable |
0.0 |
0.1 |
- |
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Amounts
Payable Within One Year |
13.9 |
15.3 |
12.6 |
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Adjustment
Accounts |
0.0 |
0.0 |
0.0 |
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Creditors |
18.3 |
19.8 |
17.0 |
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Total
Liabilities + Shareholders' Equity |
22.2 |
23.5 |
20.7 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.27 |
|
|
1 |
Rs. 103.66 |
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Euro |
1 |
Rs. 85.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
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 |
|
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.