MIRA INFORM
REPORT
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Report Date : |
21.01.2011 |
IDENTIFICATION DETAILS
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Name : |
SUPER DIAM BVBA |
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Registered Office : |
30, Hoveniersstraat, Antwerpen |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
27.01.1998 |
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Com. Reg. No.: |
462514806 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Wholesaler of diamonds and other precious stones |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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
|
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 |
462514806 |
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Name |
SUPER DIAM BVBA |
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Address |
30, HOVENIERSSTRAAT, ANTWERPEN |
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Post Code |
|
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Telephone Number |
032329827 |
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Fax Number |
032319683 |
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Establishment Date |
27-01-1998 |
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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 |
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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 |
69640 |
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Event Description |
Appointment |
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Industry Comparison |
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Industry Average Credit Rating |
61.75 |
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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 |
64.79 |
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Day Sales Outstanding |
49.25 |
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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
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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 |
43,039,146 |
38,614,479 |
62,484,356 |
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Total Operating Expenses |
42,587,034 |
38,191,374 |
62,254,744 |
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Operating Result |
452,112 |
423,105 |
229,612 |
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Total Financial Income |
36,005 |
9,654 |
3,374 |
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Total Financial Expenses |
408,611 |
379,259 |
85,287 |
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Results on Ordinary Operations Before Tax |
79,506 |
53,501 |
147,699 |
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Taxation |
16,954 |
18,778 |
47,084 |
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Results on Ordinary Operations After Tax |
62,552 |
34,723 |
100,615 |
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Extraordinary Items |
1,556 |
2,864 |
0 |
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Net Result |
64,108 |
37,586 |
100,615 |
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Other Information |
|||
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Dividends |
- |
- |
- |
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Director Remuneration |
- |
- |
27,885 |
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Employee Costs |
0 |
60 |
58 |
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- Wages & Salaries |
- |
- |
- |
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- Employee Pension Costs |
- |
- |
- |
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- Social Security Contributions |
- |
- |
- |
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- Other Employee Costs |
- |
60 |
58 |
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Amortization & Depreciation |
20,915 |
9,312 |
6,577 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
548,550 |
26,261 |
34,264 |
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- Land And Buildings |
0 |
0 |
0 |
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- Plant And Machinery |
9,643 |
12,974 |
15,749 |
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- Other Tangible Assets |
538,907 |
13,287 |
18,515 |
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Financial Fixed Assets |
0 |
0 |
0 |
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Total Fixed Assets |
548,550 |
26,261 |
34,264 |
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Inventories |
3,988,785 |
3,056,645 |
2,824,945 |
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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 |
3,988,785 |
3,056,645 |
2,824,945 |
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Trade Debtors |
5,807,091 |
15,696,083 |
5,598,593 |
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Cash |
1,417,140 |
136,410 |
837,517 |
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- Miscellaneous Current Assets |
1,592 |
1,129 |
1,253 |
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Total Current Assets |
11,231,837 |
18,895,368 |
9,267,392 |
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Current Liabilities |
|||
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- Trade Creditors |
7,559,154 |
9,716,533 |
4,053,894 |
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- Short Term Group Loans |
0 |
0 |
0 |
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- Other Short Term Loans |
1,550,602 |
6,431,863 |
2,551,205 |
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- Miscellaneous Current Liabilities |
324,260 |
445,135 |
422,284 |
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Total Current Liabilities |
9,434,016 |
16,593,531 |
7,027,383 |
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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 |
869,232 |
915,066 |
864,448 |
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Total Long Term Debts |
869,232 |
915,066 |
864,448 |
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Shareholders Equity |
|||
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- Issued Share Capital |
300,000 |
300,000 |
300,000 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
1,177,140 |
1,113,032 |
1,109,824 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
1,477,140 |
1,413,032 |
1,409,824 |
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|||
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Working Capital |
1,797,821 |
2,301,837 |
2,240,009 |
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Net Worth |
1,477,140 |
1,413,032 |
1,409,824 |
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Ratio Analysis |
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
0.18 |
0.14 |
0.24 |
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Return On Capital Employed |
3.39 |
2.30 |
6.49 |
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Return On Total Assets Employed |
0.67 |
0.28 |
1.59 |
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Return On Net Assets Employed |
4.42 |
2.32 |
6.59 |
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Sales / Net Working Capital |
23.94 |
16.78 |
27.89 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
9.27 |
7.92 |
4.52 |
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Debtor Days |
49.25 |
148.37 |
32.70 |
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Creditor Days |
64.79 |
92.86 |
23.77 |
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Short Term Stability |
|||
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Current Ratio |
1.19 |
1.14 |
1.32 |
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Liquidity Ratio / Acid Ratio |
0.77 |
0.95 |
0.92 |
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Current Debt Ratio |
6.39 |
11.74 |
4.98 |
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Long Term Stability |
|||
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Gearing |
104.97 |
455.18 |
180.96 |
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Equity In Percentage |
0.13 |
0.07 |
0.15 |
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Total Debt Ratio |
1.05 |
4.55 |
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 |
SAMIR RAVJIBHAI KHADELA |
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Birth Date |
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Position Description |
Manager |
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Address |
37 QUINTEN MATSIJSLEI 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 |
DHARMESH SUTARIYA |
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Birth Date |
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Position Description |
Manager |
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Address |
49 QUINTEN MATSIJSLEI 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
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.58 |
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|
1 |
Rs.72.73 |
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Euro |
1 |
Rs.61.45 |
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 |
|
<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.