MIRA
INFORM REPORT
|
Report Date : |
27.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
TREVI GROUP S.R.L. |
|
|
|
|
Registered Office : |
Via Vecchia Ferriera, 70, 36100 – Vicenza (VI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
10.07.2007 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of clocks, watches and jewellery |
|
|
|
|
No. of Employees : |
from 1 to 5 |
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 |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
ITALY - ECONOMIC
OVERVIEW
Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is high. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, topping 126% of GDP in 2012, and investor concerns about the broader euro-zone crisis at times have caused borrowing costs on sovereign government debt to rise to euro-era. During the second half of 2011 the government passed three austerity packages to reduce its budget deficit and help bring down borrowing costs. These measures included a hike in the value-added tax, pension reforms, and cuts to public administration. The government also faces pressure from investors and European partners to sustain its recent efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2012 economic growth and labor market conditions deteriorated, with growth at -2.3% and unemployment rising to nearly 11%, with youth unemployment around 35%. The government has undertaken several reform initiatives designed to increase long-term economic growth. Italy's GDP is now 7% below its 2007 pre-crisis level.
|
Source
: CIA |
Company name & address
TREVI GROUP S.R.L.
Via Vecchia Ferriera, 70
36100 – Vicenza (VI) -IT-
Summary
|
Fiscal Code |
: |
03407770241 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
27/11/2007 |
|
Equity |
: |
750.000 |
|
Turnover Range |
: |
1.500.000/2.000.000 |
|
Number of Employees |
: |
from 1 to 5 |
Activity
Wholesale of clocks, watches and jewellery
Legal Data
Legal Form : Limited liability company
Fiscal Code : 03407770241
Chamber of Commerce no. : 323022 of Vicenza since 16/07/2007
V.A.T. Code : 03407770241
|
Establishment date |
: 10/07/2007 |
|
|
Start of Activities |
: 27/11/2007 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 50.000 |
|
|
Subscribed Capital |
: 50.000 |
|
|
Paid up Capital |
: 50.000 |
|
Members
Trevisan
Maurizio
|
|
|
Born in Verona |
(VR) |
on 01/01/1960 |
- Fiscal Code : TRVMRZ60A01L781I |
|
|
|
Residence: |
|
Localita' Dossi |
, 3 |
- 37036 |
San Martino Buon Albergo |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/07/2010 |
|
|
|
Managing Director |
09/07/2010 |
|
|
No
Prejudicial events are reported
No Protests
registered
Ambroso
Nicola
Born in
Legnago (VR) on 03/12/1973 - Fiscal Code :
MBRNCL73T03E512Q
|
|
|
Residence: |
|
Iv Novembre |
, 84 |
- 37050 |
Angiari |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
09/07/2010 |
|
|
|
Managing Director |
09/07/2010 |
|
|
|
Director |
09/07/2010 |
|
|
No
Prejudicial events are reported
No Protests
registered
Costola
Nicola
|
|
|
Born in Padova |
(PD) |
on 30/09/1967 |
- Fiscal Code : CSTNCL67P30G224N |
|
|
|
Residence: |
|
Dei Bevilacqua |
, 12 |
- 37134 |
Verona |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
09/07/2010 |
|
|
Companies connected to members *
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
Trevisan
Maurizio
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Gandini E Trevisan S.n.c. Di Gandini G.E Trevisan M. |
Verona (VR) - IT - |
01888550231 |
Partner |
Withdrawn |
Ceased |
|
Gandini E Trevisan S.n.c. Di Gandini G.E Trevisan M. |
Verona (VR) - IT - |
01888550231 |
Partner |
Withdrawn |
Ceased |
|
D.g. S.r.l. |
Vicenza (VI) - IT - |
02986690234 |
Managing Director |
Withdrawn |
Ceased |
|
D.g. S.r.l. |
Vicenza (VI) - IT - |
02986690234 |
Director |
Withdrawn |
Ceased |
|
D.g. S.r.l. |
Vicenza (VI) - IT - |
02986690234 |
Assistant board Chairman |
Withdrawn |
Ceased |
|
Gold Star Europe S.r.l. |
Vicenza (VI) - IT - |
03410450245 |
Director |
Active |
Registered |
|
Gold Star Europe S.r.l. |
Vicenza (VI) - IT - |
03410450245 |
Board Chairman |
Withdrawn |
Registered |
|
Trevisan Maurizio |
San Martino Buon Albergo (VR) - IT - |
TRVMRZ60A01L781I |
Proprietor |
Withdrawn |
Ceased |
|
G.t. Gold Star Jewellery S.r.l. |
Verona (VR) - IT - |
03562550230 |
Sole Director |
Withdrawn |
Registered |
|
Progetto G.s.e. S.r.l. |
Vicenza (VI) - IT - |
03475350249 |
Managing Director |
Active |
Registered |
|
Progetto G.s.e. S.r.l. |
Vicenza (VI) - IT - |
03475350249 |
Director |
Active |
Registered |
|
Progetto G.s.e. S.r.l. |
Vicenza (VI) - IT - |
03475350249 |
Board Chairman |
Active |
Registered |
Ambroso
Nicola
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Ambroso Nicola |
Angiari (VR) - IT - |
MBRNCL73T03E512Q |
Proprietor |
Withdrawn |
Registered |
The indication "REGISTERED" as Firm Status could refer to
Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we advise to request further
investigations.
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style /
Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Trevisan Maurizio |
San Martino Buon Albergo - IT - |
TRVMRZ60A01L781I |
26.000 .Eur |
52,00 |
|
Ambroso Nicola |
Angiari - IT - |
MBRNCL73T03E512Q |
12.000 .Eur |
24,00 |
|
Costola Nicola |
Verona - IT - |
CSTNCL67P30G224N |
12.000 .Eur |
24,00 |
Direct Participations
The Company under review has no participations in other Companies.
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
- Legal and operative seat
Vecchia Ferriera, 70- 36100 - Vicenza (VI)- IT –
PHONE : 0444961020
Employees :
1
Active partners: 3
Stocks for a value
of 140.000 Eur
Protests
Protests checking on the subject firm has given a negative result.
Data Base Prejudicial Events
Search
Search performed on a National Scale
Prejudicial Events Search Result: NEGATIVE
Search performed on a specialized data base.
Legal Procedures
None reported, standing to the latest received edition of the Official
Publications.
Financial and Economical Analysis
Company's starting of activities dates back to 2007.
Balance sheets for the years 2010, 2011 and 2012 were analyzed.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 4,18% in 2012
The operating result in 2012 was positive (4,52%) and in line with the
sector's average.
The operating result is positive and amounts to Eur. 67.019 showing a
downwards trend equal to -47,11% if compared to the value of the financial year
2011.
A gross operating margine for a value of Eur. 95.623 was reached. with a
-32,31% fall.
Company's financial status is balanced since indebtedness is not high
(1,05) even though on the increase if compared to 2011.
Subject can manage an equity capital funds for an amount of Eur. 709.201
, stable in comparison with the value of the previous year.
In the year 2012 total debts amounted to Eur. 769.486 with no important
change.
The company does not exceed in bank credits; payments average period is
instead slightly high (147,73 gg.) even in comparison with the sector's.
Liquidity is not completely adequate.
Due from customers average term is high and equal to 119,56 days. but on
the same levels as the average of the sector.
The financial management generated a cash flow of Eur. 58.270.
In the last financial year labour cost was of Eur. 4.155, with a 0,25%
incidence on total costs of production. , with a 0,25% incidence on turnover.
If compared to the sales volume (-0,43%), the impact of the financial
charges is limited.
Financial Data
Complete
balance-sheet for the year 31/12/2012 (in Eur x
1)
|
Item Type |
Value |
|
Sales |
1.659.977 |
|
Profit (Loss) for the period |
29.666 |
Complete
balance-sheet for the year 31/12/2011 (in Eur x
1)
|
Item Type |
Value |
|
Sales |
2.995.640 |
|
Profit (Loss) for the period |
40.505 |
Complete
balance-sheet for the year 31/12/2010 (in Eur x
1)
|
Item Type |
Value |
|
Sales |
2.056.227 |
|
Profit (Loss) for the period |
85.879 |
Complete
balance-sheet for the year 31/12/2009 (in Eur x
1)
|
Item Type |
Value |
|
Sales |
1.412.641 |
|
Profit (Loss) for the period |
50.531 |
Balance Sheets
From our constant monitoring of the relevant Public Administration offices,
no more recent balance sheets result to have been filed.
- Balance Sheet as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1
- Balance Sheet as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1
- Balance Sheet as at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1
|
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|
|
PROFIT AND LOSS
ACCOUNTS |
|
VALUE OF PRODUCTION |
|
|
|
|
. Revenues from sales and services |
1.659.977 |
2.995.640 |
2.056.227 |
|
. Changes in work in progress |
|
|
|
|
. Changes in semi-manufact. products |
|
|
|
|
. Capitalization of internal work |
|
|
|
|
. Other income and revenues |
96.223 |
34.688 |
711 |
|
. . Contributions for operating expenses |
|
|
|
|
. . Different income and revenues |
96.223 |
34.688 |
711 |
|
Total value of production |
1.756.200 |
3.030.328 |
2.056.938 |
|
PRODUCTION COSTS |
|
|
|
|
. Raw material,other materials and consum. |
1.162.212 |
2.558.667 |
1.957.047 |
|
. Services received |
258.462 |
278.999 |
201.208 |
|
. Leases and rentals |
10.286 |
9.930 |
20.328 |
|
. Payroll and related costs |
4.155 |
7.964 |
10.072 |
|
. . Wages and salaries |
3.076 |
5.908 |
7.483 |
|
. . Social security contributions |
879 |
1.692 |
2.134 |
|
. . Employee termination indemnities |
200 |
364 |
455 |
|
. . Pension and similar |
|
|
|
|
. . Other costs |
|
|
|
|
. Amortization and depreciation |
28.604 |
14.541 |
7.983 |
|
. . Amortization of intangible fixed assets |
87 |
487 |
487 |
|
. . Amortization of tangible fixed assets |
25.702 |
11.966 |
3.885 |
|
. . Depreciation of tangible fixed assets |
|
|
|
|
. . Writedown of current receiv.and of liquid |
2.815 |
2.088 |
3.611 |
|
. Changes in raw materials |
218.053 |
31.306 |
-297.811 |
|
. Provisions to risk reserves |
|
|
|
|
. Other provisions |
|
|
|
|
. Other operating costs |
7.409 |
2.190 |
1.681 |
|
Total production costs |
1.689.181 |
2.903.597 |
1.900.508 |
|
Diff. between value and cost of product. |
67.019 |
126.731 |
156.430 |
|
FINANCIAL INCOME AND EXPENSE |
|
|
|
|
. Income from equity investments |
|
|
|
|
. . In subsidiary companies |
|
|
|
|
. . In associated companies |
|
|
|
|
. . In other companies |
|
|
|
|
. Other financial income |
15 |
22 |
|
|
. . Financ.income from receivables |
|
|
|
|
. . . Towards subsidiary companies |
|
|
|
|
. . . Towards associated companies |
|
|
|
|
. . . Towards holding companies |
|
|
|
|
. . . Towards other companies |
|
|
|
|
. . Financ.income from secur. t.f.assets |
|
|
|
|
. . Financ.income from secur. cur.assets |
|
|
|
|
. . Financ.income other than the above |
|
|
|
|
. . . - Subsidiary companies |
|
|
|
|
. . . - Associated companies |
|
|
|
|
. . . - Holding companies |
|
|
|
|
. . . - Other companies |
|
|
|
|
. Interest and other financial expense |
-7.201 |
-53.759 |
-33.303 |
|
. . Towards subsidiary companies |
|
|
|
|
. . Towards associated companies |
|
|
|
|
. . Towards holding companies |
|
|
|
|
. . Towards other companies |
|
|
-33.303 |
|
Total financial income and expense |
-7.186 |
-53.737 |
-33.303 |
|
ADJUSTMENTS TO FINANCIAL ASSETS |
|
|
|
|
. Revaluations |
|
|
|
|
. . Of equity investments |
|
|
|
|
. . Of financ.fixed assets not repres.E.I. |
|
|
|
|
. . Of securities incl.among current assets |
|
|
|
|
. Devaluation |
|
|
|
|
. . Of equity investments |
|
|
|
|
. . Of financial fixed assets (no equity inv) |
|
|
|
|
. . Of securities included among current ass |
|
|
|
|
Total adjustments to financial assets |
|
|
|
|
EXTRAORDINARY INCOME AND EXPENSE |
|
|
|
|
. Extraordinary income |
1 |
|
4.962 |
|
. . Gains on disposals |
|
|
|
|
. . Other extraordinary income |
1 |
|
4.962 |
|
. Extraordinary expense |
|
|
|
|
. . Losses on disposals |
|
|
|
|
. . Taxes relating to prior years |
|
|
|
|
. . Other extraordinary expense |
|
|
|
|
Total extraordinary income and expense |
1 |
|
4.962 |
|
Results before income taxes |
59.834 |
72.994 |
128.089 |
|
. Taxes on current income |
30.168 |
32.489 |
42.210 |
|
. . current taxes |
15.970 |
41.581 |
42.210 |
|
. . differed taxes(anticip.) |
14.198 |
-9.092 |
|
|
. Net income for the period |
29.666 |
40.505 |
85.879 |
|
. Adjustments in tax regulations pursuance |
|
|
|
|
. Provisions in tax regulations pursuance |
|
|
|
|
. Profit (loss) of the year |
29.666 |
40.505 |
85.879 |
|
RATIOS |
Value Type |
as
at 31/12/2012 |
as
at 31/12/2011 |
as
at 31/12/2010 |
Sector
Average |
|
COMPOSITION ON INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,49 |
0,45 |
0,31 |
0,09 |
|
Elasticity Ratio |
Units |
0,50 |
0,55 |
0,69 |
0,89 |
|
Availability of stock |
Units |
0,10 |
0,23 |
0,21 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,40 |
0,32 |
0,48 |
0,54 |
|
Quick Ratio |
Units |
0,00 |
0,04 |
0,08 |
0,03 |
|
COMPOSITION ON SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
1,05 |
0,97 |
1,36 |
3,95 |
|
Self Financing Ratio |
Units |
0,48 |
0,47 |
0,39 |
0,17 |
|
Capital protection Ratio |
Units |
0,89 |
0,88 |
0,81 |
0,62 |
|
Liabilities consolidation quotient |
Units |
0,02 |
0,07 |
0,00 |
0,10 |
|
Financing |
Units |
1,09 |
1,12 |
1,58 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,49 |
0,51 |
0,39 |
0,29 |
|
M/L term Debts Ratio |
Units |
0,01 |
0,03 |
0,00 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
0,23 |
0,08 |
n.c. |
1,04 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
0,99 |
1,14 |
1,26 |
2,37 |
|
Current ratio |
Units |
0,98 |
1,11 |
1,13 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,79 |
0,64 |
0,78 |
0,80 |
|
Structure's primary quotient |
Units |
0,97 |
1,06 |
1,26 |
1,48 |
|
Treasury's primary quotient |
Units |
0,01 |
0,08 |
0,14 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
209,14 |
211,54 |
259,00 |
602,26 |
|
Current Capital ( net ) |
Value |
-12.812 |
87.194 |
148.110 |
191.984 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
3,51 |
1,84 |
4,56 |
2,03 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
4,18 |
5,55 |
12,11 |
6,31 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
8,44 |
10,01 |
18,07 |
17,00 |
|
Return on Investment ( R.O.I. ) |
% |
4,52 |
8,21 |
8,52 |
4,18 |
|
Return/ Sales |
% |
4,04 |
4,23 |
7,61 |
3,46 |
|
Extra Management revenues/charges incid. |
% |
44,27 |
31,96 |
54,90 |
27,96 |
|
Cash Flow |
Value |
58.270 |
55.046 |
93.862 |
44.823 |
|
Operating Profit |
Value |
67.019 |
126.731 |
156.430 |
74.603 |
|
Gross Operating Margin |
Value |
95.623 |
141.272 |
164.413 |
111.383 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
119,56 |
49,09 |
n.c. |
113,70 |
|
Debts to suppliers average term |
Days |
147,73 |
86,61 |
n.c. |
118,14 |
|
Average stock waiting period |
Days |
31,23 |
43,51 |
68,87 |
72,90 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,12 |
1,94 |
1,12 |
1,25 |
|
Rate of stock return |
Units |
11,53 |
8,27 |
5,23 |
4,88 |
|
Labour cost incidence |
% |
0,25 |
0,27 |
0,49 |
8,14 |
|
Net financial revenues/ charges incidence |
% |
-0,43 |
-1,79 |
-1,62 |
-1,38 |
|
Labour cost on purchasing expenses |
% |
0,25 |
0,27 |
0,53 |
8,25 |
|
Short-term financing charges |
% |
0,94 |
6,61 |
2,97 |
2,76 |
|
Capital on hand |
% |
89,35 |
51,52 |
89,31 |
79,85 |
|
Sales pro employee |
Value |
331.995 |
|
2.056.227 |
397.742 |
|
Labour cost pro employee |
Value |
831 |
|
10.072 |
33.267 |
Remarks
1) Protests checking (relative to the last five years) performed by
crossing and matching the members names and the Firm's Style with the reported
addresses, is supplied by the Informatic Registry managed by the Italian
Chamber of Commerce. If the fiscal code is not indicated, the eventual
homonymous cases are submitted to expert staff evaluation in order to limit
wrong matching risks.
2) The Legal Data, supplied and retrived from the Firm's Registry of the
Italian Chamber of Commerce, are in line with the last registered
modifications.
3) Risk evaluation and Credit Opinion have been performed on the base of
the actual data at the moment of their availability.
Market / Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
831.356Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector Data
The values are calculated on a base of 9.175 significant companies.
The companies cash their credits on an average of 114 dd.
The average duration of suppliers debts is about 118 dd.
The sector's profitability is on an average of 2,03%.
The labour cost affects the turnover in the measure of 8,14%.
Goods are held in stock in a range of 73 dd.
The difference between the sales volume and the resources used to
realize it is about 1,25.
The employees costs represent the 8,25% of the production costs.
Statistical Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 13.782 protested subjects are found; in the province they
count to 2.234.
The insolvency index for the region is 0,30, , while for the province it
is 0,27.
Total Bankrupt companies in the province : 2.546.
Total Bankrupt companies in the region : 16.714.
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the
untiring and unflagging efforts of the Indian diamantaires, supported by
progressive Government policies.
-
The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
-
Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and
philanthropy.
-
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
-
Excerpts from Times of India dated 30th October 2010 is as
under –
-
Gem & Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28 % in February
2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012,
India exported $ 1.84 billion worth of polished diamonds in February 2013. A
senior executive of GJEPC said, “Export of cut and polished diamonds started
falling month-wise after the imposition of 2 % of import duty on the polished
diamonds. But February, 2013 has given a new ray of hope to the industry as the
export of polished diamonds has actually increased by 28 %. It means the
industry is on the track of recovery and round tripping of diamonds has stopped
completely.” Demand has started coming from the US, the UK, Japan and China.
India’s polished diamond export is expected to cross $ 21 bn in 2013-14.
-
The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector.
This follows the implementation of Basel III accord – a global voluntary
regulatory standard on bank capital adequacy, stress testing and market
liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.45 |
|
|
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.