MIRA
INFORM REPORT
|
Report Date : |
02.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
MOGULDIAM BVBA |
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Registered Office : |
9, Schupstraat, Antwerpen |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
10.03.1978 |
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Com. Reg. No.: |
418170760 |
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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 : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 |
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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 Summary
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company details |
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Company Number |
418170760 |
|
Name |
MOGULDIAM BVBA |
|
Address |
9, SCHUPSTRAAT, ANTWERPEN |
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Post Code |
|
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Telephone Number |
032338303 |
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Fax Number |
032312345 |
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Establishment Date |
10-03-1978 |
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Company Status |
ACTIVE |
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Company Type |
Private limited liability company |
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Number of Employees |
4 |
|
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 (€) |
|
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 |
110826 |
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Event Description |
Reappointment commissioner |
Rating and Limit
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|
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Industry Comparison |
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Industry Average Credit Rating |
66.74 |
|
Industry Average Credit Limit (€) |
160,573 |
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Payment Expectations |
|
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Payment Expectations |
|
|
Payment Expectation Days |
443.40 |
|
Day Sales Outstanding |
219.74 |
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Industry Comparison |
|
|
Activity Code |
4676 |
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Activity Description |
Wholesale of other intermediate products |
|
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
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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 |
|
Weeks |
52 |
52 |
52 |
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Profit & Loss |
|||
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Turnover |
13,992,071 |
28,962,214 |
29,275,480 |
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Total Operating Expenses |
13,795,425 |
29,753,515 |
29,170,499 |
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Operating Result |
196,646 |
-791,301 |
104,981 |
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Total Financial Income |
5 |
558 |
1,674 |
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Total Financial Expenses |
22,572 |
39,159 |
43,006 |
|
Results on Ordinary Operations Before Tax |
174,079 |
-829,902 |
63,649 |
|
Taxation |
392 |
- |
18,673 |
|
Results on Ordinary Operations After Tax |
173,687 |
-829,902 |
44,976 |
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Extraordinary Items |
0 |
195 |
975 |
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Net Result |
173,687 |
-829,708 |
45,951 |
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Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
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Employee Costs |
34,400 |
32,619 |
31,098 |
|
- Wages & Salaries |
27,570 |
26,020 |
25,238 |
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- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
5,948 |
5,447 |
5,198 |
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- Other Employee Costs |
882 |
1,152 |
662 |
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Amortization & Depreciation |
3,174 |
3,041 |
1,177 |
Balance Sheet
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|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
19,962 |
22,687 |
19,182 |
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- Land And Buildings |
0 |
0 |
0 |
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- Plant And Machinery |
17,417 |
19,633 |
16,913 |
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- Other Tangible Assets |
2,545 |
3,054 |
2,269 |
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Financial Fixed Assets |
4,958 |
4,958 |
4,958 |
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Total Fixed Assets |
24,920 |
27,645 |
24,140 |
|
Inventories |
7,948,954 |
9,699,597 |
7,365,307 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
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- Finished Goods |
0 |
0 |
0 |
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- Other Stocks |
7,948,954 |
9,699,597 |
7,365,307 |
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Trade Debtors |
8,423,456 |
9,386,743 |
10,412,079 |
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Cash |
193,255 |
133,377 |
1,754,917 |
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- Miscellaneous Current Assets |
7,191 |
21,168 |
16,788 |
|
Total Current Assets |
16,576,426 |
19,245,175 |
19,553,203 |
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Current Liabilities |
|||
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- Trade Creditors |
16,758,769 |
19,571,706 |
19,029,145 |
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- Short Term Group Loans |
0 |
0 |
0 |
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- Other Short Term Loans |
0 |
0 |
0 |
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- Miscellaneous Current Liabilities |
172,933 |
204,769 |
221,374 |
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Total Current Liabilities |
16,931,702 |
19,776,475 |
19,250,519 |
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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 |
415 |
802 |
1,573 |
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Total Long Term Debts |
415 |
802 |
1,573 |
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Shareholders Equity |
|||
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- Issued Share Capital |
18,600 |
18,600 |
18,600 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
-349,371 |
-523,057 |
306,650 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
-330,771 |
-504,457 |
325,250 |
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|||
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Working Capital |
-355,276 |
-531,300 |
302,684 |
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Net Worth |
-330,771 |
-504,457 |
325,250 |
Ratio Analysis
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
1.24 |
-2.87 |
0.22 |
|
Return On Capital Employed |
-52.69 |
164.78 |
19.48 |
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Return On Total Assets Employed |
1.05 |
-4.31 |
0.33 |
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Return On Net Assets Employed |
-49 |
156.20 |
21.03 |
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Sales / Net Working Capital |
-39.38 |
-54.51 |
96.72 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
56.81 |
33.49 |
25.16 |
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Debtor Days |
219.74 |
118.30 |
129.82 |
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Creditor Days |
443.40 |
240.10 |
238.10 |
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Short Term Stability |
|||
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Current Ratio |
0.98 |
0.97 |
1.02 |
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Liquidity Ratio / Acid Ratio |
0.51 |
0.48 |
0.63 |
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Current Debt Ratio |
-51.19 |
-39.20 |
59.19 |
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Long Term Stability |
|||
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Gearing |
0 |
0 |
0 |
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Equity In Percentage |
-0.02 |
-0.03 |
0.02 |
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Total Debt Ratio |
0 |
0 |
0 |
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 |
VIPIN KUMAR DUGAR |
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BirthDate |
1952-10-05 |
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Position Description |
Manager |
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Address |
116 FRUITHOFLAAN BERCHEM (ANTW.) |
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Country |
-- |
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PostalCode |
2600 |
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BirthDate |
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Company Director |
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FullName |
VINOD KUMAR JAIN |
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BirthDate |
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Position Description |
Manager |
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Address |
116 FRUITHOFLAAN BERCHEM |
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Country |
-- |
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PostalCode |
2600 |
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BirthDate |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.01 |
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|
1 |
Rs.75.42 |
|
Euro |
1 |
Rs.66.69 |
RATING EXPLANATIONS
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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 |
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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.