MIRA INFORM
REPORT
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Report Date : |
25.04.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
SUNDIAM BVBA |
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Registered Office : |
2, 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 : |
12.03.1992 |
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Com. Reg. No.: |
446829114 |
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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 : |
Satisfactory |
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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 |
|
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 |
446829114 |
|
Name |
SUNDIAM BVBA |
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Address |
2, HOVENIERSSTRAAT, ANTWERPEN |
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Post Code |
2018 |
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Telephone Number |
032250503 |
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Fax Number |
032317612 |
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Establishment Date |
12-03-1992 |
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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 |
|
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 |
HOVENIERSSTRAAT |
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House Number |
40 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade Registered Number |
289082 |
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Trade Registered
Entry Date |
01-05-1992 |
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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 |
75753 |
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Event Description |
Reappointment commissioner |
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Limit |
|
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Credit Limit (€) |
395,000 |
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Purchase Limit (€) |
3,100,000 |
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Industry Comparison |
|
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Industry Average
Credit Limit (€) |
125,316 |
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Payment Expectations |
|
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Payment Expectations |
|
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Payment Expectation Days |
63.61 |
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Day Sales Outstanding |
110.67 |
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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 |
123.77 |
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Industry Average Payment Expectation Days |
134.05 |
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Industry Quartile Analysis |
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Payment Expectations - Lower |
40.44 |
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Payment Expectations - Median |
88.67 |
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Payment Expectations - Upper |
161.36 |
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Day Sales Outstanding - Lower |
31.05 |
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Day Sales Outstanding - Median |
73.85 |
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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 |
15,276,511 |
11,657,028 |
12,797,287 |
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Total Operating Expenses |
14,928,416 |
11,350,957 |
12,423,374 |
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Operating Result |
348,095 |
306,071 |
373,913 |
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Total Financial Income |
893,966 |
808,607 |
604,808 |
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Total Financial Expenses |
1,178,315 |
1,064,885 |
915,720 |
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Results on Ordinary Operations Before Tax |
63,746 |
49,793 |
63,001 |
|
Taxation |
5,614 |
2,366 |
18,315 |
|
Results on Ordinary Operations After Tax |
58,132 |
47,427 |
44,686 |
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Extraordinary Items |
-50 |
-260 |
-215 |
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Net Result |
58,083 |
47,167 |
44,472 |
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Other Information |
|||
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Dividends |
- |
- |
- |
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Director Remuneration |
40,000 |
- |
- |
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Employee Costs |
18,711 |
16,312 |
14,785 |
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- Wages & Salaries |
15,536 |
14,533 |
13,572 |
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- Employee Pension Costs |
- |
- |
- |
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- Social Security Contributions |
2,838 |
1,159 |
312 |
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- Other Employee Costs |
337 |
620 |
901 |
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Amortization & Depreciation |
39,738 |
39,945 |
34,507 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
443 |
886 |
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Tangible Fixed Assets |
757,776 |
795,791 |
803,873 |
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- Land And Buildings |
712,142 |
734,040 |
755,937 |
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- Plant And Machinery |
16,537 |
20,121 |
22,174 |
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- Other Tangible Assets |
29,097 |
41,630 |
25,762 |
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Financial Fixed Assets |
345 |
345 |
345 |
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Total Fixed Assets |
758,121 |
796,579 |
805,104 |
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Inventories |
3,166,884 |
2,174,235 |
2,261,417 |
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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 |
3,166,884 |
2,174,235 |
2,261,417 |
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Trade Debtors |
4,631,853 |
5,070,539 |
4,530,026 |
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Cash |
38,477 |
235,796 |
81,712 |
|
- Miscellaneous Current Assets |
2,405 |
2,810 |
3,772 |
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Total Current Assets |
7,841,788 |
7,485,984 |
6,879,851 |
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Current Liabilities |
|||
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- Trade Creditors |
2,601,765 |
2,179,809 |
1,872,606 |
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- Short Term Group Loans |
0 |
0 |
0 |
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- Other Short Term Loans |
3,101,790 |
6,001,738 |
2,813,731 |
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- Miscellaneous Current Liabilities |
29,789 |
-2,824,479 |
74,168 |
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Total Current Liabilities |
5,733,344 |
5,357,068 |
4,760,505 |
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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 |
1,572,633 |
1,649,893 |
1,653,113 |
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- Other Long Term Liabilities |
248 |
0 |
2,902 |
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Total Long Term Debts |
1,572,881 |
1,649,893 |
1,656,015 |
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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 |
1,275,092 |
1,257,010 |
1,249,843 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
1,293,684 |
1,275,602 |
1,268,435 |
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|||
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Working Capital |
2,108,444 |
2,128,916 |
2,119,346 |
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Net Worth |
1,293,684 |
1,275,159 |
1,267,549 |
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Ratio Analysis |
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
0.42 |
0.43 |
0.49 |
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Return On Capital Employed |
2.22 |
1.70 |
2.15 |
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Return On Total Assets Employed |
0.74 |
0.60 |
0.82 |
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Return On Net Assets Employed |
3.02 |
2.34 |
2.97 |
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Sales / Net Working Capital |
7.25 |
5.48 |
6.04 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
20.73 |
18.65 |
17.67 |
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Debtor Days |
110.67 |
158.77 |
129.20 |
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Creditor Days |
63.61 |
70.09 |
55.02 |
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Short Term Stability |
|||
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Current Ratio |
1.37 |
1.40 |
1.45 |
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Liquidity Ratio / Acid Ratio |
0.82 |
0.99 |
0.97 |
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Current Debt Ratio |
4.43 |
4.20 |
3.75 |
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Long Term Stability |
|||
|
Gearing |
361.33 |
599.84 |
352.15 |
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Equity In Percentage |
0.15 |
0.15 |
0.17 |
|
Total Debt Ratio |
3.61 |
6 |
3.52 |
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 |
-- |
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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 |
ANANDMAL CHANDMAL KARNAWAT |
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Birth Date |
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Position Description |
Manager |
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Address |
15 BELGIELEI ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.30 |
|
|
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
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 |
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.