MIRA INFORM REPORT
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Report Date : |
18.06.2011 |
IDENTIFICATION DETAILS
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Name : |
DIA-VEER 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 : |
13.03.1992 |
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Com. Reg. No.: |
446886423 |
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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 : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
Information
|
Company Summary |
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|
company details |
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Company Number |
446886423 |
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Name |
DIA-VEER BVBA |
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Address |
30, HOVENIERSSTRAAT, ANTWERPEN |
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Post Code |
2018 |
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Telephone Number |
032260750 |
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Fax Number |
032263815 |
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Establishment Date |
13-03-1992 |
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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 |
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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 |
|
|
Street |
BELGIELEI |
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House Number |
106 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade Registered Number |
289182 |
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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 |
392 |
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Event Description |
Change of goal |
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Limit |
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Credit
Information |
|
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Purchase Limit (€) |
1,600,000 |
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Industry Comparison |
|
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Industry Average Credit Limit (€) |
159,626 |
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Payment Expectations |
|
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Payment Expectations |
|
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Payment Expectation Days |
153.30 |
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Day Sales Outstanding |
176.04 |
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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 |
124.52 |
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Industry Average Payment Expectation Days |
136.68 |
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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 |
162.38 |
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Day Sales Outstanding - Lower |
31.52 |
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Day Sales Outstanding - Median |
75.05 |
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Day Sales Outstanding - Upper |
158.89 |
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Company Shareholder Holding |
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Shareholder Detail |
|
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Company Number |
1455889 |
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Company Name |
DIASQUA |
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Address |
|
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Postal Code |
0 |
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Country |
|
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Share Percentage |
|
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Annual Accounts Date |
-- |
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 |
8,082,993 |
9,374,377 |
7,866,295 |
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Total Operating Expenses |
7,918,901 |
9,234,560 |
7,926,522 |
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Operating Result |
164,092 |
139,817 |
-60,227 |
|
Total Financial Income |
164 |
44 |
167,276 |
|
Total Financial Expenses |
103,512 |
76,950 |
43,843 |
|
Results on Ordinary Operations Before Tax |
60,744 |
62,911 |
63,206 |
|
Taxation |
15,463 |
16,652 |
17,623 |
|
Results on Ordinary Operations After Tax |
45,281 |
46,259 |
45,583 |
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Extraordinary Items |
0 |
0 |
0 |
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Net Result |
45,281 |
46,259 |
45,583 |
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Other Information |
|||
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Dividends |
- |
- |
- |
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Director Remuneration |
90,240 |
90,240 |
85,804 |
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Employee Costs |
17,497 |
16,364 |
19,516 |
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- Wages & Salaries |
14,253 |
13,638 |
15,795 |
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- Employee Pension Costs |
- |
- |
- |
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- Social Security Contributions |
3,038 |
2,624 |
3,622 |
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- Other Employee Costs |
206 |
102 |
99 |
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Amortization & Depreciation |
14,974 |
15,028 |
14,576 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
170,473 |
185,447 |
198,739 |
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- Land And Buildings |
157,132 |
161,741 |
166,350 |
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- Plant And Machinery |
9,595 |
13,458 |
17,322 |
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- Other Tangible Assets |
3,746 |
10,248 |
15,067 |
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Financial Fixed Assets |
4,665 |
4,665 |
4,665 |
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Total Fixed Assets |
175,138 |
190,112 |
203,404 |
|
Inventories |
730,642 |
1,117,273 |
1,737,274 |
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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 |
730,642 |
1,117,273 |
1,737,274 |
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Trade Debtors |
3,898,329 |
3,337,313 |
4,317,428 |
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Cash |
52,552 |
48,300 |
39,816 |
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- Miscellaneous Current Assets |
8,342 |
221 |
0 |
|
Total Current Assets |
4,709,879 |
4,525,087 |
6,094,651 |
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Current Liabilities |
|||
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- Trade Creditors |
3,326,012 |
2,501,446 |
4,704,268 |
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- Short Term Group Loans |
0 |
0 |
0 |
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- Other Short Term Loans |
43,160 |
64,701 |
42,842 |
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- Miscellaneous Current Liabilities |
169,675 |
831,698 |
759,866 |
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Total Current Liabilities |
3,538,847 |
3,397,845 |
5,506,976 |
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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 |
577,872 |
594,337 |
114,321 |
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- Other Long Term Liabilities |
0 |
0 |
0 |
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Total Long Term Debts |
577,872 |
594,337 |
114,321 |
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Shareholders Equity |
|||
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- Issued Share Capital |
600,000 |
600,000 |
600,000 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
168,298 |
123,017 |
76,758 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
768,298 |
723,017 |
676,758 |
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|||
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Working Capital |
1,171,032 |
1,127,242 |
587,675 |
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Net Worth |
768,298 |
723,017 |
676,758 |
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Ratio Analysis |
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
0.75 |
0.67 |
0.80 |
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Return On Capital Employed |
4.51 |
4.78 |
7.99 |
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Return On Total Assets Employed |
1.24 |
1.33 |
1 |
|
Return On Net Assets Employed |
5.19 |
5.58 |
10.76 |
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Sales / Net Working Capital |
6.90 |
8.32 |
13.39 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
9.04 |
11.92 |
22.09 |
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Debtor Days |
176.04 |
129.94 |
200.33 |
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Creditor Days |
153.30 |
98.87 |
216.62 |
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Short Term Stability |
|||
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Current Ratio |
1.33 |
1.33 |
1.11 |
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Liquidity Ratio / Acid Ratio |
1.12 |
1 |
0.79 |
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Current Debt Ratio |
4.61 |
4.70 |
8.14 |
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Long Term Stability |
|||
|
Gearing |
80.83 |
91.15 |
23.22 |
|
Equity In Percentage |
0.16 |
0.15 |
0.11 |
|
Total Debt Ratio |
0.81 |
0.91 |
0.23 |
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 |
PANKAJ PAREKH |
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Birth Date |
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Position Description |
Manager |
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Address |
17 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 |
VIPUL RASIKLAL PAREKH |
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Birth Date |
|
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Position Description |
Manager |
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Address |
19 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.44.93 |
|
|
1 |
Rs.72.43 |
|
Euro |
1 |
Rs.63.62 |
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.