MIRA
INFORM REPORT
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Report Date : |
05.04.2011 |
IDENTIFICATION DETAILS
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Name : |
JEWELS ERA BVBA |
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Registered Office : |
30, Hoveniersstraat, Antwerpen |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
18.12.2003 |
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Com. Reg. No.: |
862455308 |
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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
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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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 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 Summary
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company details |
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Company Number |
862455308 |
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Name |
JEWELS ERA BVBA |
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Address |
30, HOVENIERSSTRAAT, ANTWERPEN |
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Telephone Number |
032275602 |
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Fax Number |
032275603 |
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Establishment Date |
18-12-2003 |
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Company Status |
ACTIVE |
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Company Type |
Private limited liability company |
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Number of Employees |
0 |
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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 |
-- |
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House Number |
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Postal Code |
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Trade Registered Number |
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Trade Registered Entry Date |
-- |
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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 |
170420 |
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Event Description |
Change of articles of association |
Rating and Limit
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Credit Information |
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Purchase Limit (€) |
2,200,000 |
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Industry Comparison |
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Industry Average Credit Limit (€) |
160,182 |
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Payment Expectations |
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Payment Expectations |
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Payment Expectation Days |
105.33 |
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Day Sales Outstanding |
160.76 |
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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 Average Day Sales Outstanding |
124.66 |
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Industry Average Payment Expectation Days |
137 |
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Industry Quartile Analysis |
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Payment Expectations - Lower |
41.25 |
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Payment Expectations - Median |
90.32 |
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Payment Expectations - Upper |
162.53 |
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Day Sales Outstanding - Lower |
31.52 |
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Day Sales Outstanding - Median |
75.21 |
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Day Sales Outstanding - Upper |
158.58 |
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Company Shareholder Holding |
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Company Accounts
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|||
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Period |
|||
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Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
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Currency |
EUR |
EUR |
EUR |
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Weeks |
52 |
52 |
52 |
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Profit & Loss |
|||
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Turnover |
21,678,710 |
19,951,115 |
16,993,641 |
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Total Operating Expenses |
21,385,530 |
19,670,615 |
16,746,515 |
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Operating Result |
293,180 |
280,500 |
247,126 |
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Total Financial Income |
1,826 |
48 |
165 |
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Total Financial Expenses |
272,728 |
233,208 |
206,845 |
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Results on Ordinary Operations Before Tax |
22,278 |
47,339 |
40,446 |
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Taxation |
87 |
1,112 |
6,796 |
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Results on Ordinary Operations After Tax |
22,191 |
46,227 |
33,650 |
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Extraordinary Items |
0 |
0 |
4,898 |
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Net Result |
22,191 |
46,227 |
38,548 |
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Other Information |
|||
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Dividends |
- |
- |
- |
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Director Remuneration |
- |
- |
- |
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Employee Costs |
0 |
1,791 |
24,839 |
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- Wages & Salaries |
- |
1,243 |
23,155 |
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- Employee Pension Costs |
- |
- |
- |
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- Social Security Contributions |
- |
468 |
1,684 |
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- Other Employee Costs |
- |
80 |
- |
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Amortization & Depreciation |
24,163 |
24,459 |
21,398 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
182,204 |
204,929 |
227,978 |
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- Land And Buildings |
122,363 |
126,598 |
130,833 |
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- Plant And Machinery |
30,192 |
37,710 |
44,984 |
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- Other Tangible Assets |
29,649 |
40,621 |
52,161 |
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Financial Fixed Assets |
446 |
446 |
446 |
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Total Fixed Assets |
182,650 |
205,375 |
228,424 |
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Inventories |
5,124,448 |
6,447,930 |
4,224,606 |
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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 |
5,124,448 |
6,447,930 |
4,224,606 |
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Trade Debtors |
9,548,013 |
7,622,543 |
5,131,710 |
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Cash |
13,387 |
56,679 |
557,571 |
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- Miscellaneous Current Assets |
1,718 |
1,868 |
8,409 |
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Total Current Assets |
14,691,280 |
14,133,773 |
9,936,124 |
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Current Liabilities |
|||
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- Trade Creditors |
6,171,407 |
8,099,302 |
3,792,825 |
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- Short Term Group Loans |
0 |
0 |
0 |
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- Other Short Term Loans |
5,480,092 |
2,861,260 |
3,031,133 |
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- Miscellaneous Current Liabilities |
1,122,357 |
1,245,302 |
1,222,855 |
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Total Current Liabilities |
12,773,856 |
12,205,864 |
8,046,813 |
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Long Term Debts |
|||
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- Long Term Group Loans |
0 |
0 |
0 |
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- Other Long Term Loans |
96,612 |
118,396 |
139,105 |
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- Other Long Term Liabilities |
5,492 |
41,842 |
51,811 |
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Total Long Term Debts |
102,104 |
160,238 |
190,916 |
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Shareholders Equity |
|||
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- Issued Share Capital |
1,018,600 |
1,018,600 |
1,018,600 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
979,370 |
954,447 |
908,220 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
1,997,970 |
1,973,047 |
1,926,820 |
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Working Capital |
1,917,424 |
1,927,909 |
1,889,311 |
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Net Worth |
1,997,970 |
1,973,047 |
1,926,820 |
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Ratio Analysis |
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
0.10 |
0.24 |
0.24 |
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Return On Capital Employed |
1.06 |
2.22 |
1.91 |
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Return On Total Assets Employed |
0.15 |
0.33 |
0.40 |
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Return On Net Assets Employed |
1.16 |
2.46 |
2.14 |
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Sales / Net Working Capital |
11.31 |
10.35 |
8.99 |
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Operating Efficiency |
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Stock Turnover Ratio |
23.64 |
32.32 |
24.86 |
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Debtor Days |
160.76 |
139.45 |
110.22 |
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Creditor Days |
105.33 |
150.29 |
82.67 |
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Short Term Stability |
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Current Ratio |
1.15 |
1.16 |
1.23 |
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Liquidity Ratio / Acid Ratio |
0.75 |
0.63 |
0.71 |
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Current Debt Ratio |
6.39 |
6.19 |
4.18 |
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Long Term Stability |
|||
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Gearing |
279.12 |
151.02 |
164.53 |
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Equity In Percentage |
0.13 |
0.14 |
0.19 |
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Total Debt Ratio |
2.79 |
1.51 |
1.65 |
Company Court Data
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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 |
-- |
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NSSO Details |
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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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-- |
Directors
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Company Director |
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FullName |
HARESH BABUBHAI MANGUKIYA |
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BirthDate |
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Position Description |
Manager |
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Address |
48 VAN EYCKLEI ANTWERPEN |
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Country |
-- |
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PostalCode |
2018 |
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BirthDate |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.65 |
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|
1 |
Rs.71.93 |
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Euro |
1 |
Rs.63.24 |
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.