MIRA INFORM REPORT
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Report Date : |
19.04.2011 |
IDENTIFICATION DETAILS
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Name : |
DIAMSTONES BVBA |
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Registered Office : |
53, Hoveniersstraat, Antwerpen, 2018 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
16.05.1990 |
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Com. Reg. No.: |
440710095 |
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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 : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Very 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
|
company details |
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Company Number |
440710095 |
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Name |
DIAMSTONES BVBA |
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Address |
53, HOVENIERSSTRAAT, ANTWERPEN |
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Post Code |
2018 |
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Telephone Number |
032329093 |
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Fax Number |
032329560 |
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Establishment Date |
16-05-1990 |
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Company Status |
ACTIVE |
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Company Type |
Private limited liability company |
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Number of Employees |
7 |
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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 |
|
|
Street |
SCHUPSTRAAT |
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House Number |
17 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade Registered Number |
277065 |
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Trade Registered Entry Date |
01-07-1990 |
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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 |
14429 |
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Event Description |
Dismissal |
Limit
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|
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Credit Limit (€) |
865,000 |
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Purchase Limit (€) |
6,000,000 |
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Industry Comparison |
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Industry Average Credit Rating |
66.74 |
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Industry Average Credit Limit (€) |
160,573 |
Payment
Expectations
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|
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Payment Expectations |
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Payment Expectation Days |
97.64 |
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Day Sales Outstanding |
129.38 |
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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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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 |
24,011,373 |
26,414,104 |
43,138,316 |
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Total Operating Expenses |
23,699,460 |
26,065,212 |
42,387,330 |
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Operating Result |
311,913 |
348,892 |
750,986 |
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Total Financial Income |
148 |
1,754 |
3,153 |
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Total Financial Expenses |
268,835 |
387,849 |
679,388 |
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Results on Ordinary Operations Before Tax |
43,226 |
-37,203 |
74,750 |
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Taxation |
-1,373 |
3,766 |
19,723 |
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Results on Ordinary Operations After Tax |
44,599 |
-40,969 |
55,027 |
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Extraordinary Items |
-267 |
0 |
0 |
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Net Result |
44,332 |
-40,969 |
55,027 |
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Other Information |
|||
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Dividends |
- |
- |
- |
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Director Remuneration |
86,518 |
86,293 |
86,518 |
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Employee Costs |
346,197 |
348,565 |
318,895 |
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- Wages & Salaries |
271,930 |
274,528 |
251,304 |
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- Employee Pension Costs |
- |
- |
- |
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- Social Security Contributions |
65,794 |
64,410 |
58,912 |
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- Other Employee Costs |
8,473 |
9,627 |
8,679 |
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Amortization & Depreciation |
65,213 |
64,477 |
68,641 |
Balance
Sheet
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Intangible Fixed Assets |
9,783 |
13,333 |
16,883 |
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Tangible Fixed Assets |
2,106,639 |
2,162,684 |
2,185,353 |
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- Land And Buildings |
2,018,883 |
2,046,132 |
2,073,380 |
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- Plant And Machinery |
57,075 |
68,885 |
45,035 |
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- Other Tangible Assets |
30,681 |
47,667 |
66,938 |
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Financial Fixed Assets |
8,921 |
8,921 |
8,921 |
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Total Fixed Assets |
2,125,343 |
2,184,938 |
2,211,157 |
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Inventories |
2,461,262 |
4,607,358 |
7,768,660 |
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- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
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- Finished Goods |
0 |
0 |
0 |
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- Other Stocks |
2,461,262 |
4,607,358 |
7,768,660 |
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Trade Debtors |
8,511,056 |
6,589,259 |
8,446,671 |
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Cash |
461,608 |
474,628 |
83,256 |
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- Miscellaneous Current Assets |
17,827 |
13,342 |
16,569 |
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Total Current Assets |
11,475,662 |
11,715,106 |
16,350,369 |
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Current Liabilities |
|||
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- Trade Creditors |
6,339,930 |
7,090,863 |
10,231,043 |
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- Short Term Group Loans |
3,787,293 |
0 |
0 |
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- Other Short Term Loans |
4,103,975 |
3,610,902 |
4,812,224 |
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- Miscellaneous Current Liabilities |
-3,712,678 |
148,026 |
149,516 |
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Total Current Liabilities |
10,518,520 |
10,849,791 |
15,192,783 |
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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 |
143,083 |
160,083 |
516,734 |
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- Other Long Term Liabilities |
109,793 |
1,603,273 |
1,524,143 |
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Total Long Term Debts |
252,876 |
1,763,356 |
2,040,877 |
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Shareholders Equity |
|||
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- Issued Share Capital |
1,516,980 |
18,600 |
18,600 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
274,360 |
230,028 |
270,997 |
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- Revaluation Reserve |
1,038,270 |
1,038,270 |
1,038,270 |
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Total Shareholders Equity |
2,829,610 |
1,286,898 |
1,327,867 |
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Working Capital |
957,142 |
865,315 |
1,157,586 |
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Net Worth |
2,819,827 |
1,273,565 |
1,310,984 |
Ratio
Analysis
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
0.18 |
-0.14 |
0.17 |
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Return On Capital Employed |
1.40 |
-1.22 |
2.22 |
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Return On Total Assets Employed |
0.32 |
-0.27 |
0.40 |
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Return On Net Assets Employed |
4.52 |
-4.30 |
6.46 |
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Sales / Net Working Capital |
25.09 |
30.53 |
37.27 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
10.25 |
17.44 |
18.01 |
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Debtor Days |
129.38 |
91.05 |
71.47 |
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Creditor Days |
97.64 |
99.30 |
88.10 |
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Short Term Stability |
|||
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Current Ratio |
1.09 |
1.08 |
1.08 |
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Liquidity Ratio / Acid Ratio |
0.86 |
0.66 |
0.56 |
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Current Debt Ratio |
3.72 |
8.43 |
11.44 |
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Long Term Stability |
|||
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Gearing |
283.94 |
293.03 |
401.32 |
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Equity In Percentage |
0.21 |
0.09 |
0.07 |
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Total Debt Ratio |
2.84 |
2.93 |
4.01 |
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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-- |
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Directors |
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Company Director |
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Full Name |
RAJIV SHASHIKANT KOTHARI |
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Birth Date |
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Position Description |
Manager |
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Address |
26 ARENDSNESTLAAN EDEGEM |
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Country |
-- |
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Postal Code |
2650 |
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Birth Date |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.27 |
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|
1 |
Rs.72.08 |
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Euro |
1 |
Rs.63.66 |
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.