MIRA INFORM REPORT
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Report Date : |
23.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
CRYSTAL GEMS BVBA |
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Registered Office : |
2, Hoveniersstraat, Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
17.06.1982 |
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Com. Reg. No.: |
422952068 |
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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 |
|
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 |
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Insignificant |
A1 |
|
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 |
422952068 |
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Name |
|
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Address |
2, HOVENIERSSTRAAT, ANTWERPEN |
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Post Code |
|
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Telephone Number |
032250685 |
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Fax Number |
032328176 |
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Establishment Date |
17-06-1982 |
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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 |
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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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City |
-- |
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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 |
145356 |
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Event Description |
Reappointment commissioner |
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Limit |
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Credit Information |
|
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Purchase Limit (€) |
950,000 |
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Industry Comparison |
|
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Industry Average Credit Limit (€) |
160,649 |
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Payment Expectations |
|
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Payment Expectations |
|
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Payment Expectation Days |
54.94 |
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Day Sales Outstanding |
123.43 |
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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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|
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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
|
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 |
4,766,111 |
10,038,846 |
11,159,626 |
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Total Operating Expenses |
4,684,366 |
9,873,496 |
10,942,447 |
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Operating Result |
81,745 |
165,350 |
217,179 |
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Total Financial Income |
5 |
153 |
5 |
|
Total Financial Expenses |
82,870 |
152,772 |
179,073 |
|
Results on Ordinary Operations Before Tax |
-1,120 |
12,731 |
38,111 |
|
Taxation |
1,549 |
1,864 |
10,845 |
|
Results on Ordinary Operations After Tax |
-2,669 |
10,867 |
27,266 |
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Extraordinary Items |
6,421 |
0 |
0 |
|
Net Result |
3,752 |
10,867 |
27,266 |
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Other Information |
|||
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Dividends |
- |
- |
- |
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Director Remuneration |
- |
- |
- |
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Employee Costs |
538 |
567 |
360 |
|
- Wages & Salaries |
- |
- |
- |
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- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
- |
- |
- |
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- Other Employee Costs |
538 |
567 |
360 |
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Amortization & Depreciation |
13,626 |
17,240 |
17,448 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
32,374 |
46,000 |
63,240 |
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- Land And Buildings |
26,668 |
28,033 |
29,399 |
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- Plant And Machinery |
1,783 |
2,418 |
3,054 |
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- Other Tangible Assets |
3,923 |
15,549 |
30,787 |
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Financial Fixed Assets |
706 |
706 |
706 |
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Total Fixed Assets |
33,080 |
46,706 |
63,946 |
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Inventories |
1,533,498 |
1,147,359 |
1,699,439 |
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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 |
1,533,498 |
1,147,359 |
1,699,439 |
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Trade Debtors |
1,611,771 |
1,887,884 |
2,401,668 |
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Cash |
163,705 |
51,987 |
5,011 |
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- Miscellaneous Current Assets |
3,018 |
4,058 |
1,355 |
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Total Current Assets |
3,376,384 |
3,131,637 |
4,160,135 |
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Current Liabilities |
|||
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- Trade Creditors |
705,155 |
790,068 |
1,362,228 |
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- Short Term Group Loans |
0 |
0 |
0 |
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- Other Short Term Loans |
1,219,737 |
890,789 |
1,394,690 |
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- Miscellaneous Current Liabilities |
3,846 |
144,224 |
145,207 |
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Total Current Liabilities |
1,928,738 |
1,825,081 |
2,902,125 |
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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 |
692,907 |
569,982 |
550,360 |
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- Other Long Term Liabilities |
37,318 |
36,531 |
35,713 |
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Total Long Term Debts |
730,225 |
606,513 |
586,073 |
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Shareholders Equity |
|||
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- Issued Share Capital |
18,592 |
18,592 |
18,592 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
731,910 |
728,158 |
717,291 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
750,502 |
746,750 |
735,883 |
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|||
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Working Capital |
1,447,646 |
1,306,556 |
1,258,010 |
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Net Worth |
750,502 |
746,750 |
735,883 |
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Ratio Analysis |
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
-0.02 |
0.13 |
0.34 |
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Return On Capital Employed |
-0.08 |
0.94 |
2.88 |
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Return On Total Assets Employed |
-0.03 |
0.40 |
0.90 |
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Return On Net Assets Employed |
-0.08 |
0.97 |
3.03 |
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Sales / Net Working Capital |
3.29 |
7.68 |
8.87 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
32.18 |
11.43 |
15.23 |
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Debtor Days |
123.43 |
68.64 |
78.55 |
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Creditor Days |
54.94 |
29.21 |
45.44 |
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Short Term Stability |
|||
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Current Ratio |
1.75 |
1.72 |
1.43 |
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Liquidity Ratio / Acid Ratio |
0.96 |
1.09 |
0.85 |
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Current Debt Ratio |
2.57 |
2.44 |
3.94 |
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Long Term Stability |
|||
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Gearing |
254.85 |
195.62 |
264.32 |
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Equity In Percentage |
0.22 |
0.23 |
0.17 |
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Total Debt Ratio |
2.55 |
1.96 |
2.64 |
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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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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Directors |
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Company Director |
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Full Name |
SHREYANCE SHAH |
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Birth Date |
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Position Description |
Manager |
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Address |
90 DESGUINLEI ANTWERPEN |
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Country |
-- |
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Postal Code |
2000 |
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Birth Date |
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Company Director |
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Full Name |
SACHIN SHAH |
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Birth Date |
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Position Description |
Manager |
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Address |
16 KWIKSTAARTLAAN WILRIJK (ANTW.) |
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Country |
-- |
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Postal Code |
2610 |
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Birth Date |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.30 |
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UK Pound |
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
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 |
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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 |
|
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 |
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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 |
|
<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.