MIRA INFORM
REPORT
|
Report Date : |
20.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
ABHIDIMON BVBA |
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Registered Office : |
30, 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 : |
09.01.1997 |
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Com. Reg. No.: |
459870763 |
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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 |
|
|
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 |
|
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) |
|
Belgium |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
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 |
459870763 |
|
Name |
ABHIDIMON BVBA |
|
Address |
30, HOVENIERSSTRAAT, ANTWERPEN |
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Post Code |
2018 |
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Telephone Number |
032263989 |
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Fax Number |
032265356 |
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Establishment Date |
09-01-1997 |
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Company Status |
ACTIVE |
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Company Type |
Private limited liability company |
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Number of Employees |
1 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
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Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
PELIKAANSTRAAT |
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House Number |
62 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade Registered Number |
321166 |
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Trade Registered Entry Date |
01-02-1997 |
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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 |
28383 |
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Event Description |
Appointment commissioner |
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Industry Comparison |
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Industry Average Credit Limit (€) |
118,020 |
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Payment Expectations |
|
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Payment Expectations |
|
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Payment Expectation Days |
52.90 |
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Day Sales Outstanding |
171.20 |
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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 |
124.04 |
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Industry Average Payment Expectation Days |
133.38 |
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Industry Quartile Analysis |
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Payment Expectations - Lower |
41.13 |
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Payment Expectations - Median |
86.73 |
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Payment Expectations - Upper |
161.36 |
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Day Sales Outstanding - Lower |
30.50 |
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Day Sales Outstanding - Median |
73.59 |
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Day Sales Outstanding - Upper |
156.45 |
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Company Shareholder Holding |
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Company Accounts
|
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 |
21,565,495 |
26,523,704 |
29,645,609 |
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Total Operating Expenses |
21,342,054 |
25,798,426 |
28,653,136 |
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Operating Result |
223,441 |
725,278 |
992,473 |
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Total Financial Income |
136,567 |
46,421 |
2,920 |
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Total Financial Expenses |
308,906 |
674,810 |
906,204 |
|
Results on Ordinary Operations Before Tax |
51,102 |
96,889 |
89,189 |
|
Taxation |
15,195 |
29,492 |
25,313 |
|
Results on Ordinary Operations After Tax |
35,907 |
67,397 |
63,876 |
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Extraordinary Items |
0 |
4,841 |
0 |
|
Net Result |
35,907 |
72,238 |
63,876 |
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Other Information |
|||
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Dividends |
- |
- |
- |
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Director Remuneration |
148,800 |
148,800 |
148,736 |
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Employee Costs |
33,740 |
29,729 |
21,719 |
|
- Wages & Salaries |
27,239 |
21,333 |
18,623 |
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- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
5,846 |
4,300 |
2,939 |
|
- Other Employee Costs |
655 |
4,096 |
157 |
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Amortization & Depreciation |
37,484 |
34,993 |
41,523 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
702,230 |
372,389 |
406,983 |
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- Land And Buildings |
694,635 |
353,368 |
373,566 |
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- Plant And Machinery |
1,674 |
3,017 |
3,921 |
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- Other Tangible Assets |
5,921 |
16,004 |
29,496 |
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Financial Fixed Assets |
400 |
400 |
200 |
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Total Fixed Assets |
702,630 |
372,789 |
407,183 |
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Inventories |
7,558,591 |
6,718,412 |
7,289,105 |
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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 |
|
- Other Stocks |
7,558,591 |
6,718,412 |
7,289,105 |
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Trade Debtors |
10,114,978 |
12,160,496 |
13,477,063 |
|
Cash |
1,515,283 |
4,685,189 |
2,051,792 |
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- Miscellaneous Current Assets |
693 |
0 |
668 |
|
Total Current Assets |
19,192,498 |
23,584,694 |
22,833,853 |
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Current Liabilities |
|||
|
- Trade Creditors |
3,093,253 |
3,914,903 |
3,535,700 |
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- Short Term Group Loans |
0 |
0 |
0 |
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- Other Short Term Loans |
9,643,046 |
13,015,435 |
12,483,305 |
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- Miscellaneous Current Liabilities |
1,233,172 |
1,137,395 |
1,107,787 |
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Total Current Liabilities |
13,969,471 |
18,067,733 |
17,126,792 |
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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 |
0 |
0 |
0 |
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- Other Long Term Liabilities |
0 |
0 |
296,733 |
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Total Long Term Debts |
0 |
0 |
296,733 |
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Shareholders Equity |
|||
|
- Issued Share Capital |
18,592 |
18,592 |
18,592 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
5,907,065 |
5,871,158 |
5,798,919 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
5,925,657 |
5,889,750 |
5,817,511 |
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|||
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Working Capital |
5,223,027 |
5,516,961 |
5,707,061 |
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Net Worth |
5,925,657 |
5,889,750 |
5,817,511 |
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Ratio Analysis |
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
0.24 |
0.37 |
0.30 |
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Return On Capital Employed |
0.86 |
1.65 |
1.46 |
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Return On Total Assets Employed |
0.26 |
0.40 |
0.38 |
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Return On Net Assets Employed |
0.98 |
1.76 |
1.56 |
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Sales / Net Working Capital |
4.13 |
4.81 |
5.19 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
35.05 |
25.33 |
24.59 |
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Debtor Days |
171.20 |
167.34 |
165.93 |
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Creditor Days |
52.90 |
55.39 |
45.04 |
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Short Term Stability |
|||
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Current Ratio |
1.37 |
1.31 |
1.33 |
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Liquidity Ratio / Acid Ratio |
0.83 |
0.93 |
0.91 |
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Current Debt Ratio |
2.36 |
3.07 |
2.94 |
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Long Term Stability |
|||
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Gearing |
162.73 |
220.98 |
214.58 |
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Equity In Percentage |
0.30 |
0.25 |
0.25 |
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Total Debt Ratio |
1.63 |
2.21 |
2.15 |
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 |
JAYESH ARVINDKUMAR MEHTA |
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Birth Date |
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Position Description |
Manager |
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Address |
143 BELGIELEI ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
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Company Director |
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Full Name |
ATULKUMAR RAJNIKANT MEHTA |
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Birth Date |
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Position Description |
Manager |
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Address |
40 ANGELUS RONCALLILAAN ANTWERPEN(WILRIJK) |
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Country |
-- |
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Postal Code |
2610 |
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Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.68 |
|
|
1 |
Rs.72.56 |
|
Euro |
1 |
Rs.63.53 |
RATING EXPLANATIONS
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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 |
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 |
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.