MIRA
INFORM REPORT
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Report Date : |
02.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
ORI
DIAM |
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Registered Office : |
Hoveniersstraat 2, 2018 Antwerpen Be |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
30 April 1985 |
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Com. Reg. No.: |
246728 |
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Legal Form : |
Private company with
limited liability |
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Line of Business : |
Wholesale of
miscellaneous 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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
ORI DIAM
HOVENIERSSTRAAT 2
2018 ANTWERPEN BE
Tel. Number +32-3-2252345
Fax number +32-3-2252345
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Business founded |
30 April 1985 |
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Business registered |
15 June 1985 - Private
company with limited liability |
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Registration number, |
246728, ANTWERPEN, |
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VAT number, |
BE427277674, |
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Legal form |
Private company with
limited liability |
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Activities |
Wholesale of miscellaneous
intermediate products |
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Payment experience |
To be monitored |
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Credit opinion |
Credit opinion |
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Cash situation (balance
sheet analysis) : Limited |
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Profitability (balance
sheet analysis) : Nil |
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Commitments (regarding contractual
obligations) : Fulfilled with difficulties |
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Payment defaults : Rare |
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Total share capital31 December 2006 |
EUR 8684,00 |
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Branch office(s) |
HOVENIERSSTRAAT 2,2018 ANTWERPEN |
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Boardmembers |
KANSARA CHETANKUMAR MANILAL Manager |
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Management |
KANSARA VINAYKUMAR MANILAL Partner |
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KANSARA USHABEN CHETANKUMAR Decision-maker |
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The business owns or
partly owns one or more pieces of land and buildings? Yes(Property)
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Turnover for the
period: 00 0000 - 31 December 2006 in EUR 431.627,00 |
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Not consolidated
profit and loss turnover of the business: |
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Corporate balance sheet
for the year: 00 0000 - 31 December 2006 in EUR |
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Total assets incl. prepaid
expenses and accrued income |
864.796,- |
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Total fixed assets |
5.539,- |
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Total tangible fixed assets |
5.539,- |
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Total Current assets |
859.257,- |
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Inventories and work in
progress (incl. prepayments) |
468.423,- |
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Accounts receivable (trade) |
308.279,- |
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Cash in hand and at bank |
81.585,- |
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Total accrued income and
prepaid expenses |
970,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
864.796,- |
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Total equity (Shareholders' funds) |
-1.137,- |
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Issued (subscribed) capital |
18.600,- |
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Profit reserves |
11.065,- |
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Legal reserves |
1.860,- |
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Profit or loss carried
forward |
-22.746,- |
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Total liabilities |
865.933,- |
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Total current liabilities |
865.260,- |
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Current accounts payable (trade) |
635.964,- |
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Current liabilities to credit institutions |
29.837,- |
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Income and social tax
liabilities |
2.568,- |
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Total accrued expenses
and deferred income |
673,- |
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Corporate profit and loss
account for the year: 00 0000 - 31 December 2006 in
EUR |
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Main revenue (sales/turnover) |
431.627,- |
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Cost of goods sold
(operational format) |
455.486,- |
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Depreciation |
2.334,- |
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Operating profit or loss |
-23.859,- |
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Financial income |
137,- |
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Financial expenses |
1.811,- |
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Result of ordinary operations |
-25.533,- |
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Extraordinary income |
3.020,- |
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Extraordinary result |
-22.513,- |
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Taxes |
233,- |
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Net profit or loss |
-22.746,- |
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Borrowing ratio |
-76159,45 % |
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Current ratio |
99,22 % |
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Debt gearing |
-0,00 % |
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Profit margin. |
-4,98 % |
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Quick ratio |
45,05 % |
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Return on assets |
-2,12 % |
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Return on equity. |
2000,52 % |
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Solidity or equity ratio |
-0,13 % |
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Turnover for the
period: 00 0000 - 31 December 2005 in EUR 434.031,00 |
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Not consolidated profit
and loss turnover of the business: |
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Corporate balance sheet
for the year: 00 0000 - 31 December 2005 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
992.880,- |
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Total fixed assets |
7.874,- |
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Total tangible fixed assets |
7.874,- |
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Plant, machinery and equipment |
291,- |
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Total Current assets |
985.006,- |
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Inventories and work in
progress (incl. prepayments) |
689.949,- |
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Accounts receivable (trade) |
208.747,- |
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Cash in hand and at bank |
85.455,- |
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Total accrued income and
prepaid expenses |
855,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
992.880,- |
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Total equity (Shareholders' funds) |
21.609,- |
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Issued (subscribed) capital |
18.600,- |
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Profit reserves |
11.065,- |
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Legal reserves |
1.860,- |
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Total liabilities |
971.271,- |
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Total current liabilities |
970.586,- |
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Current accounts payable (trade) |
717.448,- |
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Current liabilities to credit institutions |
11.814,- |
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Income and social tax
liabilities |
2.509,- |
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Total accrued expenses
and deferred income |
685,- |
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Corporate profit and loss
account for the year: 00 0000 - 31 December 2005 in
EUR |
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Main revenue (sales/turnover) |
434.031,- |
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Cost of goods sold
(operational format) |
337.150,- |
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Depreciation |
2.334,- |
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Operating profit or loss |
96.881,- |
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Financial income |
293.093,- |
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Financial expenses |
388.768,- |
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Result of ordinary operations |
1.206,- |
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Extraordinary income |
723,- |
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Extraordinary result |
1.929,- |
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Taxes |
1.157,- |
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Net profit or loss |
772,- |
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Borrowing ratio |
4494,75 % |
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Current ratio |
101,41 % |
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Profit margin. |
22,85 % |
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Quick ratio |
30,31 % |
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Return on assets |
39,51 % |
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Return on equity. |
3,57 % |
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Solidity or equity ratio |
2,17 % |
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Turnover for the
period: 00 0000 - 31 December 2004 in EUR 567.177,00 |
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Not consolidated
profit and loss turnover of the business: |
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Corporate balance sheet
for the year: 00 0000 - 31 December 2004 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
976.311,- |
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Total fixed assets |
10.208,- |
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Total tangible fixed assets |
10.208,- |
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Plant, machinery and equipment |
582,- |
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Total Current assets |
966.103,- |
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Inventories and work in
progress (incl. prepayments) |
650.676,- |
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Accounts receivable (trade) |
283.002,- |
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Cash in hand and at bank |
32.425,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
976.311,- |
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Total equity (Shareholders' funds) |
20.836,- |
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Issued (subscribed) capital |
18.592,- |
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Profit reserves |
10.301,- |
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Legal reserves |
1.859,- |
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Total liabilities |
955.475,- |
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Total current liabilities |
951.830,- |
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Current accounts payable (trade) |
711.773,- |
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Current liabilities to credit institutions |
4.352,- |
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Income and social tax
liabilities |
6.132,- |
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Total accrued expenses
and deferred income |
3.645,- |
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Corporate profit and loss
account for the year: 00 0000 - 31 December 2004 in
EUR |
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Main revenue (sales/turnover) |
567.177,- |
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Cost of goods sold
(operational format) |
604.407,- |
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Depreciation |
1.484,- |
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Operating profit or loss |
-37.230,- |
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Financial income |
478.768,- |
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Financial expenses |
-441.963,- |
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Result of ordinary operations |
-425,- |
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Extraordinary income |
259,- |
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Extraordinary result |
-166,- |
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Taxes |
1.493,- |
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Net profit or loss |
1.327,- |
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Borrowing ratio |
4585,69 % |
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Current ratio |
101,11 % |
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Profit margin. |
-6,30 % |
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Quick ratio |
33,13 % |
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Return on assets |
45,40 % |
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Return on equity. |
6,36 % |
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Solidity or equity ratio |
2,13 % |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)