MIRA INFORM REPORT
|
Report Date : |
21.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
D.A. JHAVERI BVBA |
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|
|
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Registered Office : |
30, Hoveniersstraat, Antwerpen 2018 |
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|
|
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Country : |
Belgium |
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|
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
19.07.1999 |
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Com. Reg. No.: |
466604246 |
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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
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Belgium |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
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
|
company details |
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Company Number |
466604246 |
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Name |
|
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Address |
30, HOVENIERSSTRAAT, ANTWERPEN |
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Post Code |
2018 |
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Telephone Number |
032321118 |
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Fax Number |
032318697 |
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Establishment Date |
19-07-1999 |
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Company Status |
ACTIVE |
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Company Type |
Private limited liability company |
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Number of Employees |
1 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
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 |
LANGE LEEMSTRAAT |
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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 |
335948 |
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Trade Registered Entry Date |
01-10-1999 |
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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 |
34882 |
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Event Description |
Dismissal |
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Limit |
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Credit Information |
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Purchase Limit (€) |
11,500,000 |
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Industry Comparison |
|
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Industry Average Credit Limit (€) |
161,203 |
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Payment Expectations |
|
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Payment Expectations |
|
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Payment Expectation Days |
45.85 |
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Day Sales Outstanding |
96.31 |
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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 |
124.66 |
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Industry Average Payment Expectation Days |
137 |
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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 |
162.53 |
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|
|
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Day Sales Outstanding - Lower |
31.52 |
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Day Sales Outstanding - Median |
75.21 |
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Day Sales Outstanding - Upper |
158.58 |
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Company Shareholder Holding |
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Company Accounts
|
Period |
|||
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Accounts End Date |
31-03-2010 |
31-03-2009 |
31-03-2008 |
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Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
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Profit & Loss |
|||
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Turnover |
57,523,305 |
42,294,431 |
66,165,586 |
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Total Operating Expenses |
56,978,767 |
41,738,994 |
65,270,385 |
|
Operating Result |
544,538 |
555,437 |
895,201 |
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Total Financial Income |
100 |
3 |
316 |
|
Total Financial Expenses |
462,080 |
489,443 |
787,040 |
|
Results on Ordinary Operations Before Tax |
82,558 |
65,997 |
108,477 |
|
Taxation |
23,769 |
17,900 |
32,624 |
|
Results on Ordinary Operations After Tax |
58,789 |
48,097 |
75,853 |
|
Extraordinary Items |
2,254 |
0 |
0 |
|
Net Result |
61,044 |
48,097 |
75,853 |
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Other Information |
|||
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Dividends |
- |
- |
- |
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Director Remuneration |
85,018 |
75,868 |
92,109 |
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Employee Costs |
50,532 |
63,020 |
46,540 |
|
- Wages & Salaries |
38,723 |
49,897 |
37,408 |
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- Employee Pension Costs |
- |
- |
- |
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- Social Security Contributions |
7,598 |
8,710 |
5,263 |
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- Other Employee Costs |
4,211 |
4,413 |
3,869 |
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Amortization & Depreciation |
38,181 |
39,587 |
33,299 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
329,423 |
326,605 |
362,893 |
|
- Land And Buildings |
232,984 |
240,338 |
247,693 |
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- Plant And Machinery |
36,068 |
37,219 |
56,317 |
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- Other Tangible Assets |
60,371 |
49,048 |
58,883 |
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Financial Fixed Assets |
1,766 |
1,566 |
1,566 |
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Total Fixed Assets |
331,189 |
328,171 |
364,459 |
|
Inventories |
4,247,997 |
2,496,737 |
3,082,036 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
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- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
4,247,997 |
2,496,737 |
3,082,036 |
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Trade Debtors |
15,178,539 |
9,406,385 |
12,590,899 |
|
Cash |
10,994 |
1,933,963 |
163,824 |
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- Miscellaneous Current Assets |
35,092 |
12,852 |
16,774 |
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Total Current Assets |
19,477,433 |
13,853,726 |
15,857,043 |
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Current Liabilities |
|||
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- Trade Creditors |
7,157,211 |
2,223,117 |
6,175,132 |
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- Short Term Group Loans |
1,484 |
263,821 |
0 |
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- Other Short Term Loans |
7,504,272 |
6,732,279 |
5,086,312 |
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- Miscellaneous Current Liabilities |
-30,457 |
-280,481 |
-16,094 |
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Total Current Liabilities |
14,632,510 |
8,938,736 |
11,245,350 |
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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 |
149,470 |
195,417 |
238,457 |
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- Other Long Term Liabilities |
1,650,826 |
1,732,972 |
1,471,020 |
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Total Long Term Debts |
1,800,296 |
1,928,389 |
1,709,477 |
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Shareholders Equity |
|||
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- Issued Share Capital |
3,015,374 |
3,015,374 |
3,015,374 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
360,442 |
299,398 |
251,301 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
3,375,816 |
3,314,772 |
3,266,675 |
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|||
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Working Capital |
4,844,923 |
4,914,990 |
4,611,693 |
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Net Worth |
3,375,816 |
3,314,772 |
3,266,675 |
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Ratio Analysis |
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
0.14 |
0.16 |
0.16 |
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Return On Capital Employed |
1.59 |
1.26 |
2.18 |
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Return On Total Assets Employed |
0.42 |
0.47 |
0.67 |
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Return On Net Assets Employed |
1.70 |
1.34 |
2.35 |
|
Sales / Net Working Capital |
11.87 |
8.61 |
14.35 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
7.38 |
5.90 |
4.66 |
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Debtor Days |
96.31 |
81.18 |
69.46 |
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Creditor Days |
45.85 |
19.44 |
34.53 |
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Short Term Stability |
|||
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Current Ratio |
1.33 |
1.55 |
1.41 |
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Liquidity Ratio / Acid Ratio |
1.04 |
1.27 |
1.14 |
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Current Debt Ratio |
4.33 |
2.70 |
3.44 |
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Long Term Stability |
|||
|
Gearing |
226.77 |
216.95 |
163 |
|
Equity In Percentage |
0.17 |
0.23 |
0.20 |
|
Total Debt Ratio |
2.27 |
2.17 |
1.63 |
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 Drawer |
-- |
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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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Labour Court |
-- |
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Directors |
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Company Director |
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Full Name |
HARSHIL DHARNIK JHAVERI |
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Birth Date |
|
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Position Description |
Manager |
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Address |
2 LANGE LEEMSTRAAT 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 |
SHALIN SANAT JHAVERI |
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Birth Date |
|
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Position Description |
Manager |
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Address |
2 VAN EYCKLEI 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 |
|
UK Pound |
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.34 |
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 |
|
---- |
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.