MIRA
INFORM REPORT
|
Report Date : |
24.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
SWINTU DIAM BVBA |
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|
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Registered Office : |
9, 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 : |
04.02.1998 |
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Com. Reg. No.: |
462600027 |
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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 : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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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) |
|
|
A1 |
A1 |
|
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 |
462600027 |
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Name |
SWINTU DIAM BVBA |
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Address |
9, HOVENIERSSTRAAT, ANTWERPEN |
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Post Code |
2018 |
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Telephone Number |
032313770 |
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Fax Number |
032260602 |
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Establishment Date |
04-02-1998 |
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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 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
QUINTEN MATSIJSLEI |
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House Number |
35 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade Registered Number |
327503 |
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Trade Registered Entry Date |
01-02-1998 |
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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 |
4390 |
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Event Description |
Change of articles of association |
Rating and Limit
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|
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Purchase Limit (€) |
6,600,000 |
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Industry Comparison |
|
|
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 |
54.47 |
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Day Sales Outstanding |
122.16 |
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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 |
32,810,821 |
32,913,070 |
39,935,358 |
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Total Operating Expenses |
32,523,705 |
32,274,635 |
39,392,772 |
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Operating Result |
287,116 |
638,435 |
542,586 |
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Total Financial Income |
54 |
539 |
827 |
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Total Financial Expenses |
233,438 |
595,228 |
473,942 |
|
Results on Ordinary Operations Before Tax |
53,732 |
43,746 |
69,471 |
|
Taxation |
17,501 |
19,873 |
27,912 |
|
Results on Ordinary Operations After Tax |
36,231 |
23,873 |
41,559 |
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Extraordinary Items |
0 |
5,312 |
0 |
|
Net Result |
36,232 |
29,185 |
41,559 |
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Other Information |
|||
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Dividends |
- |
- |
- |
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Director Remuneration |
- |
- |
- |
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Employee Costs |
0 |
0 |
0 |
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- Wages & Salaries |
- |
- |
- |
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- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
- |
- |
- |
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- Other Employee Costs |
- |
- |
- |
|
Amortization & Depreciation |
20,364 |
14,313 |
1,093 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
203,881 |
66,448 |
6,828 |
|
- Land And Buildings |
153,564 |
0 |
0 |
|
- Plant And Machinery |
4,052 |
5,268 |
6,483 |
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- Other Tangible Assets |
46,265 |
61,180 |
345 |
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Financial Fixed Assets |
1,388,560 |
1,437,341 |
1,358,853 |
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Total Fixed Assets |
1,592,441 |
1,503,789 |
1,365,681 |
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Inventories |
8,899,539 |
9,938,740 |
7,884,246 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
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- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
8,899,539 |
9,938,740 |
7,884,246 |
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Trade Debtors |
10,981,320 |
10,489,993 |
13,212,828 |
|
Cash |
12,571 |
13,059 |
13,551 |
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- Miscellaneous Current Assets |
1,426,699 |
1,473,234 |
1,392,164 |
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Total Current Assets |
21,324,538 |
21,935,464 |
22,509,427 |
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Current Liabilities |
|||
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- Trade Creditors |
4,853,439 |
4,744,326 |
5,692,857 |
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- Short Term Group Loans |
0 |
0 |
0 |
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- Other Short Term Loans |
7,356,327 |
7,941,377 |
7,563,441 |
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- Miscellaneous Current Liabilities |
61,455 |
75,611 |
104,547 |
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Total Current Liabilities |
12,271,221 |
12,761,314 |
13,360,845 |
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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 |
1,562,704 |
1,630,946 |
0 |
|
- Other Long Term Liabilities |
1,575 |
1,745 |
1,498,200 |
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Total Long Term Debts |
1,564,279 |
1,632,691 |
1,498,200 |
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Shareholders Equity |
|||
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- Issued Share Capital |
9,040,354 |
9,040,354 |
9,040,354 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
41,125 |
4,894 |
-24,291 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
9,081,479 |
9,045,248 |
9,016,063 |
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|||
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Working Capital |
9,053,317 |
9,174,150 |
9,148,582 |
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Net Worth |
9,081,479 |
9,045,248 |
9,016,063 |
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Ratio Analysis |
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
0.16 |
0.13 |
0.17 |
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Return On Capital Employed |
0.50 |
0.41 |
0.66 |
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Return On Total Assets Employed |
0.23 |
0.19 |
0.29 |
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Return On Net Assets Employed |
0.59 |
0.48 |
0.76 |
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Sales / Net Working Capital |
3.62 |
3.59 |
4.37 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
27.12 |
30.20 |
19.74 |
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Debtor Days |
122.16 |
116.33 |
120.76 |
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Creditor Days |
54.47 |
53.65 |
52.75 |
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Short Term Stability |
|||
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Current Ratio |
1.74 |
1.72 |
1.68 |
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Liquidity Ratio / Acid Ratio |
1.01 |
0.94 |
1.09 |
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Current Debt Ratio |
1.35 |
1.41 |
1.48 |
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Long Term Stability |
|||
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Gearing |
98.21 |
105.83 |
83.89 |
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Equity In Percentage |
0.40 |
0.39 |
0.38 |
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Total Debt Ratio |
0.98 |
1.06 |
0.84 |
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 |
ARVINDKUMAR BHAVANBH MAVANI |
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BirthDate |
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Position Description |
Manager |
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Address |
0 BHAGAT NAGAR SOCIETY KATARGAM-SURAT |
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Country |
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PostalCode |
0 |
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BirthDate |
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Company Director |
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FullName |
DILIP RAMNIKAL THAKKER |
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BirthDate |
1951-06-27 |
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Position Description |
Manager |
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Address |
68 FRILINGLEI BRASSCHAAT |
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Country |
-- |
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PostalCode |
2930 |
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BirthDate |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.96 |
|
|
1 |
Rs.73.56 |
|
Euro |
1 |
Rs.63.68 |
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 |
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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 |
|
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 |
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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.