MIRA
INFORM REPORT
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Report Date : |
24.03.2011 |
IDENTIFICATION DETAILS
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Name : |
RICHDIAM 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 : |
21.12.1989 |
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Com. Reg. No.: |
439607067 |
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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 |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
439607067 |
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Name |
RICHDIAM BVBA |
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Address |
30, HOVENIERSSTRAAT, ANTWERPEN |
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Post Code |
2018 |
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Telephone Number |
032329312 |
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Fax Number |
032318291 |
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Establishment Date |
21-12-1989 |
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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 |
PLANTIN EN MORETUSLEI |
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House Number |
2 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade Registered Number |
275104 |
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Trade Registered Entry Date |
01-03-1990 |
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Latest Event |
|
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Serial Number |
147491 |
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Event Description |
Conversion of share capital in EUR |
Rating and Limit
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Credit Information |
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Purchase Limit (€) |
1,200,000 |
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Industry Comparison |
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Industry Average Credit Rating |
62.91 |
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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 |
233.98 |
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Day Sales Outstanding |
65.37 |
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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 |
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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Company Accounts
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|||
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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 |
7,782,983 |
- |
10,684,445 |
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Total Operating Expenses |
7,767,079 |
- |
10,652,971 |
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Operating Result |
15,904 |
-137,035 |
31,474 |
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Total Financial Income |
566 |
16 |
812 |
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Total Financial Expenses |
7,674 |
12,058 |
15,271 |
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Results on Ordinary Operations Before Tax |
8,796 |
-149,076 |
17,015 |
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Taxation |
498 |
- |
5,657 |
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Results on Ordinary Operations After Tax |
8,298 |
-149,076 |
11,358 |
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Extraordinary Items |
1,367 |
0 |
0 |
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Net Result |
9,665 |
-149,076 |
11,358 |
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Other Information |
|||
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Dividends |
- |
- |
- |
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Director Remuneration |
- |
- |
- |
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Employee Costs |
15,375 |
42,303 |
21,339 |
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- Wages & Salaries |
12,510 |
34,133 |
16,884 |
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- Employee Pension Costs |
- |
- |
- |
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- Social Security Contributions |
1,680 |
6,350 |
2,582 |
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- Other Employee Costs |
1,185 |
1,820 |
1,873 |
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Amortization & Depreciation |
28,284 |
30,907 |
30,760 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
385,843 |
411,724 |
438,396 |
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- Land And Buildings |
281,589 |
283,219 |
284,849 |
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- Plant And Machinery |
4,262 |
8,795 |
9,671 |
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- Other Tangible Assets |
99,992 |
119,710 |
143,876 |
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Financial Fixed Assets |
298 |
298 |
298 |
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Total Fixed Assets |
386,141 |
412,022 |
438,694 |
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Inventories |
3,342,282 |
2,798,671 |
555,284 |
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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 |
3,342,282 |
2,798,671 |
555,284 |
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Trade Debtors |
1,393,840 |
5,509,046 |
7,250,846 |
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Cash |
103,729 |
113,450 |
108,663 |
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- Miscellaneous Current Assets |
3,026 |
8,371 |
8,598 |
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Total Current Assets |
4,858,822 |
8,440,870 |
7,927,375 |
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Current Liabilities |
|||
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- Trade Creditors |
4,979,060 |
8,516,978 |
7,835,457 |
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- Short Term Group Loans |
0 |
0 |
0 |
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- Other Short Term Loans |
37,290 |
44,282 |
34,736 |
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- Miscellaneous Current Liabilities |
-14,704 |
41,044 |
66,873 |
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Total Current Liabilities |
5,001,646 |
8,602,304 |
7,937,066 |
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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 |
50,809 |
67,662 |
95,373 |
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- Other Long Term Liabilities |
0 |
83 |
1,711 |
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Total Long Term Debts |
50,809 |
67,745 |
97,084 |
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Shareholders Equity |
|||
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- Issued Share Capital |
6,205 |
6,205 |
6,205 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
-50,005 |
-59,669 |
89,407 |
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- Revaluation Reserve |
236,307 |
236,307 |
236,307 |
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Total Shareholders Equity |
192,507 |
182,843 |
331,919 |
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|||
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Working Capital |
-142,824 |
-161,434 |
-9,691 |
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Net Worth |
192,507 |
182,843 |
331,919 |
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Ratio Analysis |
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
0.11 |
- |
0.16 |
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Return On Capital Employed |
3.62 |
-59.49 |
3.97 |
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Return On Total Assets Employed |
0.17 |
-1.68 |
0.20 |
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Return On Net Assets Employed |
-6.16 |
92.34 |
-175.58 |
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Sales / Net Working Capital |
-54.49 |
- |
-1102.51 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
42.94 |
- |
5.20 |
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Debtor Days |
65.37 |
- |
247.70 |
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Creditor Days |
233.98 |
- |
268.46 |
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Short Term Stability |
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Current Ratio |
0.97 |
0.98 |
1 |
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Liquidity Ratio / Acid Ratio |
0.30 |
0.66 |
0.93 |
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Current Debt Ratio |
25.98 |
47.05 |
23.91 |
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Long Term Stability |
|||
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Gearing |
45.76 |
61.22 |
39.20 |
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Equity In Percentage |
0.04 |
0.02 |
0.04 |
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Total Debt Ratio |
0.46 |
0.61 |
0.39 |
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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-- |
Directors
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Company Director |
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FullName |
VINAYKUMAR SINGH |
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BirthDate |
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Position Description |
Manager |
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Address |
45 DAMHERTENLAAN ANTWERPEN(WILRIJK) |
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Country |
-- |
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PostalCode |
2610 |
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BirthDate |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.96 |
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|
1 |
Rs.73.56 |
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Euro |
1 |
Rs.63.68 |
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.