MIRA INFORM REPORT
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Report Date : |
21.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
BRONNER TRADING COMPANY NV |
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Registered Office : |
23, Plantin En Moretuslei, Antwerpen |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
03.07.1985 |
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Com. Reg. No.: |
427446534 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesaler of diamonds and other precious stones |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 |
427446534 |
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Name |
BRONNER TRADING COMPANY NV |
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Address |
23, PLANTIN EN MORETUSLEI, ANTWERPEN |
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Post Code |
|
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Telephone Number |
032331133 |
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Fax Number |
032317215 |
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Establishment Date |
03-07-1985 |
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Company Status |
ACTIVE |
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Company Type |
Limited company |
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Number of Employees |
9 |
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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 |
180182 |
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Event Description |
Decease manager |
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Limit |
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Credit Information |
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Purchase Limit (€) |
450,000 |
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Industry Comparison |
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Industry Average Credit Limit (€) |
158,440 |
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Payment Expectations |
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Payment Expectations |
|
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Payment Expectation Days |
72.54 |
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Day Sales Outstanding |
389.37 |
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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 |
125.10 |
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Industry Average
Payment Expectation Days |
136.82 |
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Industry Quartile Analysis |
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Payment
Expectations - Lower |
41.37 |
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Payment
Expectations - Median |
90.61 |
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Payment Expectations - Upper |
163.40 |
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|
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Day Sales Outstanding - Lower |
31.17 |
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Day Sales Outstanding - Median |
75.05 |
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Day Sales Outstanding - Upper |
159.82 |
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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 |
2,269,009 |
7,089,198 |
41,176,136 |
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Total Operating Expenses |
3,006,738 |
6,790,680 |
40,500,617 |
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Operating Result |
-737,729 |
298,518 |
675,519 |
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Total Financial Income |
749,738 |
1,323,579 |
5,499,901 |
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Total Financial Expenses |
879,330 |
1,573,926 |
6,109,445 |
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Results on Ordinary Operations Before Tax |
-867,321 |
48,170 |
65,976 |
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Taxation |
102,993 |
4,175 |
-14,608 |
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Results on Ordinary Operations After Tax |
-970,314 |
43,995 |
80,584 |
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Extraordinary Items |
0 |
-1,513 |
72,447 |
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Net Result |
-970,314 |
42,483 |
153,031 |
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Other Information |
|||
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Dividends |
- |
- |
- |
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Director Remuneration |
- |
- |
- |
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Employee Costs |
308,225 |
296,561 |
363,169 |
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- Wages & Salaries |
176,736 |
152,312 |
207,921 |
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- Employee Pension Costs |
- |
- |
- |
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- Social Security Contributions |
129,451 |
142,132 |
153,407 |
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- Other Employee Costs |
2,038 |
2,117 |
1,841 |
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Amortization & Depreciation |
79,774 |
50,825 |
62,919 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
782,171 |
861,945 |
909,154 |
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- Land And Buildings |
767,685 |
808,855 |
850,025 |
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- Plant And Machinery |
11,885 |
49,478 |
53,443 |
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- Other Tangible Assets |
2,601 |
3,612 |
5,686 |
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Financial Fixed Assets |
23,074 |
22,814 |
23,014 |
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Total Fixed Assets |
805,245 |
884,759 |
932,168 |
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Inventories |
4,990,923 |
7,302,412 |
8,165,661 |
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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 |
4,990,923 |
7,302,412 |
8,165,661 |
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Trade Debtors |
2,420,483 |
6,537,098 |
6,771,045 |
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Cash |
3,175 |
132,211 |
3,141 |
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- Miscellaneous Current Assets |
0 |
2,551 |
725 |
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Total Current Assets |
7,432,819 |
14,025,599 |
14,981,201 |
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Current Liabilities |
|||
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- Trade Creditors |
597,564 |
3,796,866 |
3,587,514 |
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- Short Term Group Loans |
0 |
726,927 |
726,927 |
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- Other Short Term Loans |
3,513,535 |
5,940,321 |
6,809,605 |
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- Miscellaneous Current Liabilities |
879,468 |
228,433 |
613,148 |
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Total Current Liabilities |
4,990,567 |
10,692,547 |
11,737,194 |
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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 |
847 |
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Total Long Term Debts |
0 |
0 |
847 |
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Shareholders Equity |
|||
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- Issued Share Capital |
311,553 |
311,553 |
311,553 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
2,935,943 |
3,906,257 |
3,863,774 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
3,247,496 |
4,217,810 |
4,175,327 |
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|||
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Working Capital |
2,442,252 |
3,333,052 |
3,244,007 |
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Net Worth |
3,247,496 |
4,217,810 |
4,175,327 |
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Ratio Analysis |
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
-38.22 |
0.68 |
0.16 |
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Return On Capital Employed |
-26.71 |
1.14 |
1.58 |
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Return On Total Assets Employed |
-10.53 |
0.32 |
0.41 |
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Return On Net Assets Employed |
-35.51 |
1.45 |
2.03 |
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Sales / Net Working Capital |
0.93 |
2.13 |
12.69 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
219.96 |
103.01 |
19.83 |
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Debtor Days |
389.37 |
336.57 |
60.02 |
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Creditor Days |
72.54 |
204.08 |
32.33 |
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Short Term Stability |
|||
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Current Ratio |
1.49 |
1.31 |
1.28 |
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Liquidity Ratio / Acid Ratio |
0.49 |
0.63 |
0.58 |
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Current Debt Ratio |
1.54 |
2.54 |
2.81 |
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Long Term Stability |
|||
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Gearing |
108.19 |
158.07 |
180.50 |
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Equity In Percentage |
0.39 |
0.28 |
0.26 |
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Total Debt Ratio |
1.08 |
1.58 |
1.81 |
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 |
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Birth Date |
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Position Description |
Managing director |
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Address |
53 CONSCIENCESTRAAT ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
2014-01-01 |
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Company Director |
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Full Name |
JACOB BRONNER |
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Birth Date |
1945-11-15 |
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Position Description |
Director |
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Address |
28 VAN EYCKLEI ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
2014-01-01 |
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Company Director |
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Full Name |
PINCKAS PAPPENHEIM |
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Birth Date |
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Position Description |
Director |
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Address |
119 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 |
JULIANA AUGUSTA HEYLEN |
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Birth Date |
1947-03-14 |
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Position Description |
Director |
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Address |
0 |
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Country |
-- |
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Postal Code |
0 |
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Birth Date |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.18 |
|
|
1 |
Rs.73.04 |
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Euro |
1 |
Rs.61.43 |
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.