MIRA
INFORM REPORT
|
Report Date : |
04.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
A.K. DIAM BVBA |
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Registered Office : |
2 Hoveniersstraat Antwerpen 2018 |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
27.01.1998 |
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Com. Reg. No.: |
462623880 |
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Legal Form : |
Private Limited Liability Company |
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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 : |
Good |
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|
|
Payment Behaviour : |
No Complaints |
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|
Litigation : |
Clear |
Company
Summary
|
COMPANY SUMMARY |
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|
Business Name |
A.K. DIAM BVBA |
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Business Number |
462623880 |
|
Address |
2 HOVENIERSSTRAAT ANTWERPEN |
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Post Code |
2018 |
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Telephone |
032314585 |
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Fax Number |
|
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Date of Establisment |
27-01-1998 |
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Number of Employees |
0 |
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CREDIT
INFORMATION SUMMARY |
||
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Today's Purchase Limit (€) |
1,200,000 |
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|
Date of Deposit at Registry |
28-09-2007 |
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Date of Last Accounts |
31-12-2006 |
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Turnover |
- |
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|
Results of Ordinary Operations Before Tax |
15,940 |
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Networth |
38,678 |
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PAST PAYMENTS |
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|
Payment Expectation Days |
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|
Days Sales Outstanding |
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Industry Average Payment Expectation Days |
128.57 |
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Industry Average Day Sales Outstanding |
112.51 |
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COURT DATA
SUMMARY |
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|
bankruptcy details |
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Court Action Type |
None |
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Protested Bills |
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Bill Amount |
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NSSO Details |
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Date of Summons |
-- |
Company
Information
|
COMPANY DETAILS |
|
|
Business Number |
462623880 |
|
Name |
A.K. DIAM BVBA |
|
Fax Number |
|
|
Establishment Date |
27-01-1998 |
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Company Status |
ACTIVE |
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Company Type |
Private limited liability company |
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Activity Description |
Wholesale of diamonds and other precious stones |
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Activity Code |
46761 |
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Liable For Vat |
yes |
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Currency |
Euro (€) |
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LATEST BRANCH
DETAILS |
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|
Street |
KORTE HERENTALSESTRAAT |
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House Number |
8 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade Registered Number |
327602 |
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Trade Registered Entry Date |
01-03-1998 |
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CONTRACTOR
DETAILS |
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Registration Number |
-- |
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Contractor Description |
-- |
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Striking Off Date |
-- |
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LATEST EVENT |
|
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Serial Number |
61278 |
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Event Description |
Dismissal |
Accounts
& Ratio
|
PERIOD |
|||||
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Accounts End Date |
31-12-2006 |
% |
31-12-2005 |
% |
31-12-2004 |
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Weeks |
52 |
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52 |
|
52 |
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Currency |
EUR |
|
EUR |
|
EUR |
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PROFIT &
LOSS |
|||||
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Turnover |
- |
- |
6,620,105 |
53.1% |
4,323,769 |
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Total Operating Expenses |
- |
- |
6,289,037 |
43.7% |
4,377,893 |
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Operating Result |
27,556 |
-91.7% |
331,068 |
711.7% |
-54,124 |
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Total Financial Income |
3 |
-100.0% |
267,366 |
-47.9% |
513,310 |
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Total Financial Expenses |
11,619 |
-98.0% |
574,983 |
30.7% |
439,758 |
|
Results on Ordinary Operations Before Tax |
15,940 |
-32.0% |
23,451 |
20.7% |
19,428 |
|
Taxation |
2,500 |
62,600.0% |
-4 |
99.7% |
-1,556 |
|
Results on Ordinary Operations After Tax |
13,440 |
-42.7% |
23,455 |
11.8% |
20,984 |
|
Extraordinary Items |
0 |
- |
0 |
- |
0 |
|
Net Result |
13,440 |
-42.7% |
23,455 |
11.8% |
20,984 |
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Other Information |
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Dividends |
- |
- |
- |
- |
8 |
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Director Remuneration |
- |
- |
- |
- |
- |
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Employee Costs |
645 |
12.6% |
573 |
- |
0 |
|
- Wages & Salaries |
- |
- |
- |
- |
- |
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- Social Security Contributions |
- |
- |
- |
- |
- |
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- Other Employee Costs |
645 |
12.6% |
573 |
- |
- |
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Amortization & Depreciation |
4,885 |
35.8% |
3,598 |
386.9% |
739 |
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BALANCE SHEET |
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Accounts End Date |
31-12-2006 |
% |
31-12-2005 |
% |
31-12-2004 |
|
Weeks |
52 |
- |
52 |
- |
52 |
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Intangible Fixed Assets |
0 |
- |
0 |
- |
0 |
|
Tangible Fixed Assets |
109,638 |
-3.3% |
113,367 |
5,801.5% |
1,921 |
|
- Land And Buildings |
101,010 |
-2.5% |
103,633 |
- |
0 |
|
- Plant And Machinery |
8,467 |
-10.0% |
9,412 |
554.5% |
1,438 |
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- Other Tangible Assets |
161 |
-50.0% |
322 |
-33.3% |
483 |
|
Financial Fixed Assets |
0 |
- |
0 |
- |
0 |
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Total Fixed Assets |
109,638 |
-3.3% |
113,367 |
5,801.5% |
1,921 |
|
Inventories |
|||||
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- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
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- Work in Progress |
0 |
- |
0 |
- |
0 |
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- Finished Goods |
0 |
- |
0 |
- |
0 |
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- Other Stocks |
1,607,340 |
-6.3% |
1,714,588 |
141.8% |
708,970 |
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Trade Debtors |
785,157 |
-36.7% |
1,240,229 |
78.8% |
693,500 |
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Cash |
177,374 |
-27.7% |
245,477 |
35.1% |
181,714 |
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- Miscellaneous Current Assets |
4,209 |
-52.7% |
8,902 |
138.0% |
3,740 |
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Total Current Assets |
2,574,080 |
-19.8% |
3,209,196 |
102.1% |
1,587,924 |
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|
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- Trade Creditors |
1,833,190 |
-15.9% |
2,179,660 |
209.7% |
703,769 |
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- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
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- Other Short Term Loans |
5,695 |
6.9% |
5,328 |
- |
0 |
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- Miscellaneous Current Liabilities |
696,080 |
-30.0% |
993,967 |
12.4% |
884,293 |
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Total Current Liabilities |
2,534,965 |
-20.3% |
3,178,955 |
100.2% |
1,588,062 |
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- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
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- Other Long Term Loans |
86,137 |
-6.0% |
91,646 |
- |
0 |
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- Other Long Term Liabilities |
23,938 |
-10.4% |
26,724 |
- |
0 |
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Total Long Term Debts |
110,075 |
-7.0% |
118,370 |
- |
0 |
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- Issued Share Capital |
18,600 |
0.0% |
18,600 |
0.0% |
18,600 |
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- Share Premium Account |
0 |
- |
0 |
- |
0 |
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- Reserves |
20,078 |
202.5% |
6,638 |
139.5% |
-16,817 |
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- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
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Total Shareholders Equity |
38,678 |
53.3% |
25,238 |
1,315.5% |
1,783 |
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Working Capital |
39,115 |
29.3% |
30,241 |
22,013.8% |
-138 |
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Net Worth |
38,678 |
53.3% |
25,238 |
1,315.5% |
1,783 |
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RATIO ANALYSIS |
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Trading
Performance |
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Pre-tax Profit Margin |
- |
- |
0.35 |
-22.2% |
0.45 |
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Return On Capital Employed |
10.72 |
-34.4% |
16.33 |
-98.5% |
1,089.62 |
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Return On Total Assets Employed |
0.59 |
-16.9% |
0.71 |
-41.8% |
1.22 |
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Return On Net Assets Employed |
40.75 |
-47.5% |
77.55 |
100.6% |
-14,078.26 |
|
Sales / Net Working Capital |
- |
- |
218.91 |
100.7% |
-31,331.66 |
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Operating
Efficiency |
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Stock Turnover Ratio |
- |
- |
25.90 |
57.9% |
16.40 |
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Debtor Days |
- |
- |
68.38 |
16.8% |
58.54 |
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Creditor Days |
- |
- |
126.50 |
115.6% |
58.68 |
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Short Term
Stability |
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Current Ratio |
1.02 |
1.0% |
1.01 |
1.0% |
1.00 |
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Liquidity Ratio / Acid Ratio |
0.38 |
-19.1% |
0.47 |
-14.5% |
0.55 |
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Current Debt Ratio |
65.54 |
-48.0% |
125.96 |
-85.9% |
890.67 |
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Long Term
Stability |
|||||
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Gearing |
237.43 |
-38.2% |
384.24 |
- |
0 |
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Equity In Percentage |
0.01 |
0.0% |
0.01 |
- |
0 |
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Total Debt Ratio |
2.37 |
-38.3% |
3.84 |
- |
0 |
Payment
Expectations
|
PAYMENT
EXPECTATIONS |
|
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Payment Expectation Days |
|
|
Day Sales Outstanding |
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INDUSTRY
COMPARISON |
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Activity Code |
4676 |
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Activity Description |
Wholesale of other intermediate products |
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INDUSTRY
QUARTILE ANALYSIS |
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Payment
Expectation Days |
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Payment Expectations - Lower |
42.94 |
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Payment Expectations - Median |
83.26 |
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Payment Expectations - Upper |
143.21 |
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Day
Sales Outstanding |
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Day Sales Outstanding - Lower |
31.12 |
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Day Sales Outstanding - Median |
70.24 |
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Day Sales Outstanding - Upper |
143.90 |
Shareholders
|
No holding companies for this company. |
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No subsidaries for this company. |
Court
Data
|
PROTESTED BILLS |
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Drawee Name |
-- |
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Drawee Address |
-- |
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Bill Amount |
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Bill Currency |
-- |
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Maturity of Bill (month) |
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Name of Drawer |
-- |
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City of Drawer |
-- |
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NSSO DETAILS |
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Business Number |
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Name of Defendant |
-- |
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Legal Form of Defendant |
-- |
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Date of Summons |
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Labour Court |
-- |
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Bankruptcy Data |
|
There is no bankruptcy data against this company. |
Directors
|
COMPANY DIRECTOR |
|
|
FullName |
CHIRAG NILESH MOTANI |
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Position |
Manager |
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Address |
16 QUINTEN MATSIJSLEI ANTWERPEN |
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Postal Code |
2018 |
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Country |
-- |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.62 |
|
UK Pound |
1 |
Rs.76.71 |
|
Euro |
1 |
Rs.61.30 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
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%)