MIRA
INFORM REPORT
|
Report Date : |
07.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
A.C. DIAM BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30, Office 422-425, Box 210, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
14.03.1997 |
|
|
|
|
Com. Reg. No.: |
460264802 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Wholesaler
of diamonds and other precious stones |
|
|
|
|
No. of Employees |
02 (31.03.2013) |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Belgium ECONOMIC OVERVIEW
This modern, open, and
private-enterprise-based economy has capitalized on its central geographic
location, highly developed transport network, and diversified industrial and
commercial base. Industry is concentrated mainly in the more heavily-populated
region of Flanders in the north. With few natural resources, Belgium imports
substantial quantities of raw materials and exports a large volume of
manufactures, making its economy vulnerable to volatility in world markets.
Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium
has benefited most from its proximity to Germany. In 2013 Belgian GDP grew by
0.1%, the unemployment rate increased to 8.8% from 7.6% the previous year, and
the government reduced the budget deficit from a peak of 6% of GDP in 2009 to
3.2%. Despite the relative improvement in Belgium's budget deficit, public debt
hovers around 100% of GDP, a factor that has contributed to investor
perceptions that the country is increasingly vulnerable to spillover from the
euro-zone crisis. Belgian banks were severely affected by the international
financial crisis in 2008 with three major banks receiving capital injections
from the government, and the nationalization of the Belgian retail arm of a
Franco-Belgian bank.
|
Source : CIA |
Company summary
Business number 460264802
Company name A.C. DIAM BVBA
Address HOVENIERSSTRAAT30,
Office 422-425, Box 210,
2018 Antwerpen
Number of staff 02 (31.03.2013)
Date of establishment 14/03/1997
Telephone number 032329484
Fax number 032329481
Commentary
|
The
business was established over 17 years ago. |
|
|
The
business has 2 employees. |
|
|
The
business has been at the address for over 14 years. |
|
|
Net
Worth increased by 64% during the latest trading period. |
|
|
Pre-tax
profits decreased by 24% compared to the previous trading period. |
|
|
The
business saw a decrease in their Cash Balance of 99% during the latest
trading period. |
|
Accounts
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/03/2013 |
141,455,572 |
313,092 |
7,308,206 |
11,418,064 |
|
31/03/2012 |
160,613,538 |
414,187 |
4,438,683 |
8,121,400 |
|
31/03/2011
|
126,682,062
|
414,184
|
4,141,196
|
6,160,710 |
Accounts
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/03/2013 |
57,854,217 |
2 |
6,403,380 |
215,983 |
|
31/03/2012 |
56,487,631 |
2 |
4,000,000 |
389,984 |
|
31/03/2011 |
40,500,056 |
2 |
4,000,000 |
434,797 |
TRENDS
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment expectations
|
Past payments |
--- |
Payment expectation days |
44.73 |
|
Industry average payment expectation days |
164.15 |
Industry average day sales outstanding |
119.90 |
|
Day sales outstanding |
129.57 |
||
Court
data summary
|
BANKRUPTCY DETAILS |
|
|
Court action type |
no |
Company information
|
Business number |
460264802 |
Company name |
A.C.
DIAM BVBA |
|
Fax number |
032329481 |
Date founded |
14/03/1997 |
|
Company status |
active |
Company type |
Private Limited Company (BL/LX) |
|
Currency |
Euro
(€) |
Date of latest accounts |
31/03/2013 |
|
Activity code |
46761 |
liable for VAT |
yes |
|
Activity description |
Wholesaler
of diamonds and other precious stones |
VAT Number |
BE.0460.264.802 |
|
Belgian Bullettin of Acts Publications |
moniteur
belge |
Social
Balance Sheet Details
|
Social Balance Sheet |
Total |
|
During the reporting year ended 31-03-2013 |
|
|
Full-time Employees |
2 |
|
Part-time Employees |
- |
|
Total Fte Employees |
2 |
|
|
|
|
Number of hours worked |
|
|
Full-time Employees |
3,584 |
|
Part-time Employees |
- |
|
Total |
3,584 |
|
|
|
|
Personnel Charges |
|
|
Full-time Employees |
80,107 |
|
Part-time Employees |
- |
|
Total |
80,107 |
|
Benefits In Addition To Wages |
- |
|
|
|
|
During the previous reporting year |
|
|
Average number employees in Fte |
2 |
|
Actual working hours |
3,614 |
|
Personnel Charges |
77,732 |
|
Benefits In Addition To Wages |
- |
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration Contracts |
2 |
- |
2 |
|
Limited Duration Contracts |
- |
- |
- |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding Substitution |
- |
- |
- |
|
Gender and Education Level |
|
||
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondary education |
1 |
- |
1 |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondary education |
1 |
- |
1 |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
|
|||
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
2 |
- |
2 |
|
Blue collar worker |
- |
- |
- |
|
Other |
- |
- |
- |
Personnel
(NSSO classification)
|
Code |
- |
|
Description |
02 (31.03.2013) |
Joint
Industrial Committee
(JIC)
|
JIC Code |
218 |
|
Description |
Additional
national joint committee for the employees |
Significant
Events
|
Event Date |
20/06/2012 |
|
Event Description |
proposal
of merger by absorption filed |
|
Event Details |
Commentaar
20-06-2012: Neerlegging fusievoorstel tussen BVBA A.C. Diam (overnemende
vennootschap) en A.C. Jewels (over te nemen vennootschap). |
COMPANY ACCOUNTS
Comparison Mode
·
Average Median Export
accounts to CSV File
Profit & Loss
|
Annual
accounts |
31-03-2013 |
% |
31-03-2012 |
% |
31-03-2011 |
Industry
average 2013 |
% |
|
Weeks |
52 |
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
141,455,572 |
11.93 |
160,613,538 |
26.78 |
126,682,062 |
66,679,268 |
112 |
|
Total
operating expenses |
140,014,471 |
12.00 |
159,113,336 |
26.94 |
125,344,586 |
65,892,042 |
112 |
|
Operating
result |
1,441,101 |
-3.94 |
1,500,202 |
12.17 |
1,337,476 |
456,225 |
215 |
|
Total
financial income |
55 |
83.42 |
332 |
-51.88 |
689 |
207,909 |
-99 |
|
Total
financial expenses |
1,128,063 |
3.84 |
1,086,347 |
17.57 |
923,982 |
528,778 |
113 |
|
Results
on ordinary operations before taxation |
313,092 |
24.41 |
414,187 |
0.00 |
414,184 |
107,466 |
191 |
|
Taxation |
113,224 |
-2.98 |
116,700 |
46679940 |
0 |
23,893 |
373 |
|
Results
on ordinary operations after taxation |
199,868 |
32.81 |
297,487 |
-28.18 |
414,183 |
88,526 |
125 |
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
2,926 |
-100 |
|
Other
appropriations |
0 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net
result |
199,868 |
32.81 |
297,487 |
-28.18 |
414,183 |
91,452 |
118 |
|
OTHER INFORMATION |
|||||||
|
Dividends |
- |
- |
- |
- |
- |
25,000 |
- |
|
Director
remuneration |
106,384 |
-1.00 |
107,453 |
-7.41 |
116,058 |
136,227 |
21.91 |
|
Employee
costs |
80,107 |
1.23 |
79,133 |
-11.68 |
89,596 |
161,477 |
50.39 |
|
Wages and salary |
64,049 |
-0.84 |
64,590 |
4.64 |
61,724 |
139,859 |
54.20 |
|
Employee pension costs |
- |
- |
- |
- |
- |
0 |
- |
|
Social security contributions |
14,615 |
8.40 |
13,482 |
-50.72 |
27,356 |
33,641 |
56.56 |
|
Other employee costs |
1,444 |
36.09 |
1,061 |
105 |
516 |
3,834 |
62.34 |
|
Amortization
and depreciation |
16,115 |
82.58 |
92,497 |
348 |
20,614 |
29,491 |
45.36 |
Balance Sheet
|
Annual
accounts |
31-03-2013 |
% |
31-03-2012 |
% |
31-03-2011 |
Industry
average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
1,235 |
-100 |
|
Tangible
fixed assets |
906,150 |
-1.31 |
918,217 |
410 |
179,764 |
324,002 |
179 |
|
Land & building |
868,323 |
-2.40 |
889,704 |
500 |
148,167 |
700,498 |
23.96 |
|
Plant & machinery |
- |
- |
- |
- |
417 |
39,122 |
- |
|
Furniture & Vehicles |
37,828 |
32.67 |
28,514 |
-8.55 |
31,181 |
19,170
6,882 |
97.33 |
|
Leasing & Other Similar
Rights |
- |
- |
- |
- |
- |
153,494
20,215 |
- |
|
Other tangible assets |
-1 |
- |
0 |
- |
0 |
6,995 |
-100 |
|
Financial
fixed assets |
2,650 |
-1.78 |
2,698 |
-99 |
1,170,636 |
49,267 |
94.62 |
|
Total
fixed assets |
908,800 |
-1.32 |
920,915 |
-31.80 |
1,350,400 |
331,339 |
174 |
|
Inventories |
6,043,184 |
39.00 |
4,347,547 |
-31.47 |
6,344,372 |
7,239,819 |
16.53 |
|
Raw materials &
consumables |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
12,859 |
-100 |
|
Finished goods |
6,043,184 |
39.00 |
4,347,547 |
-31.47 |
6,344,372 |
5,561,020 |
8.67 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
518,164 |
-100 |
|
Trade
debtors |
50,216,559 |
6.16 |
47,302,286 |
44.23 |
32,796,351 |
13,780,472 |
264 |
|
Cash |
18,559 |
-99 |
3,911,435 |
82227 |
4,751 |
657,742 |
97.18 |
|
other
amounts receivable |
666,838 |
12788 |
5,174 |
32.37 |
3,909 |
361,280 |
84.58 |
|
Miscellaneous
current assets |
277 |
1.01 |
274 |
0.21 |
274 |
39,381 |
-99 |
|
Total
current assets |
56,945,417 |
2.48 |
55,566,716 |
41.93 |
39,149,656 |
20,922,896 |
172 |
|
Total
Assets |
57,854,217 |
2.42 |
56,487,631 |
39.48 |
40,500,056 |
21,221,909
3,350,014 |
172 |
|
CURRENT LIABILITIES |
|||||||
|
Trade
creditors |
17,157,957 |
-21.42 |
21,834,012 |
70.02 |
12,841,663 |
7,972,331 |
115 |
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
27,923,334 |
15.95 |
24,081,596 |
21.35 |
19,844,672 |
12,240,271
331,560 |
128 |
|
Current
portion of long term debt |
109,074 |
-1.56 |
110,807 |
54.25 |
71,834 |
66,356
10,511 |
64.38 |
|
Amounts
Payable for Taxes, Remuneration & Social Security |
130,380 |
-20.67 |
164,356 |
378 |
34,368 |
13,587
- |
214 |
|
Miscellaneous
current liabilities |
206,608 |
-83.53 |
1,254,545 |
538 |
196,409 |
-72.87 |
-
- |
|
Total
current liabilities |
45,527,353 |
-4.04 |
47,445,316 |
43.82 |
32,988,947 |
15,376,234 |
196 |
|
LONG TERM DEBTS AND LIABILITIES |
|||||||
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
-
- |
|
Other
long term loans |
5,018,657 |
9.02 |
4,603,632 |
36.61 |
3,369,914 |
102 |
-
- |
|
Deffered
taxes |
- |
- |
- |
- |
- |
0
0 |
- |
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
2,207
0 |
-100 |
|
Other
long term liabilities |
1 |
- |
0 |
- |
0 |
198,511 |
-99 |
|
Total
long term debts |
5,018,658 |
9.02 |
4,603,632 |
36.61 |
3,369,914 |
1,533,100 |
227 |
|
SHAREHOLDERS EQUITY |
|||||||
|
Issued
share capital |
6,403,380 |
60.08 |
4,000,000 |
0 |
4,000,000 |
3,210,308 |
99 |
|
Share
premium account |
- |
- |
- |
- |
- |
273,462 |
- |
|
Reserves |
904,826 |
106 |
438,683 |
210 |
141,196 |
967,255 |
-6.45 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
1,662,858 |
- |
|
Total
shareholders equity |
7,308,206 |
64.65 |
4,438,683 |
7.18 |
4,141,196 |
4,312,575 |
69.46 |
|
Working
capital |
11,418,064 |
40.59 |
8,121,400 |
31.83 |
6,160,710 |
5,546,662 |
105 |
|
Cashflow |
215,983 |
-44.62 |
389,984 |
-10.31 |
434,797 |
115,908 |
86.34 |
|
Net
worth |
7,308,206 |
64.65 |
4,438,683 |
7.18 |
4,141,196 |
4,311,341 |
69.51 |
Ratio Analysis
|
Annual
accounts |
31-03-2013 |
change(%) |
31-03-2012 |
change(%) |
31-03-2011 |
Industry
average 2013 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.22 |
-15.38 |
0.26 |
-21.21 |
0.33 |
15,00 |
-98.53 |
|
Return
on capital employed |
2.54 |
-44.54 |
4.58 |
-16.88 |
5.51 |
-2,00 |
127 |
|
Return
on total assets employed |
0.54 |
-26.03 |
0.73 |
-28.43 |
1.02 |
-1,00 |
54.00 |
|
Return
on net assets employed |
4.28 |
-54.13 |
9.33 |
-6.70 |
10 |
6,00 |
-28.67 |
|
Sales
/ net working capital |
12.39 |
-37.36 |
19.78 |
-3.79 |
20.56 |
38,00 |
-99 |
|
Stock
turnover ratio |
4.27 |
57.56 |
2.71 |
-45.91 |
5.01 |
21,00 |
-79.67 |
|
Debtor
days |
129.57 |
20.53 |
107.50 |
13.77 |
94.49 |
183,00 |
-29.20 |
|
Creditor
days |
44.73 |
-10.70 |
50.09 |
33.97 |
37.39 |
94,00 |
-52.41 |
|
SHORT TERM STABILITY |
|||||||
|
Current
ratio |
1.25 |
6.84 |
1.17 |
-1.68 |
1.19 |
6,00 |
-94.05 |
|
Liquidity
ratio / acid ratio |
1.12 |
3.70 |
1.08 |
9.09 |
0.99 |
5,00 |
-77.60 |
|
Current
debt ratio |
6.23 |
-41.72 |
10.69 |
34.13 |
7.97 |
21,00 |
-70.33 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|||||||
|
Gearing |
452.25 |
-30.29 |
648.75 |
15.37 |
562.31 |
165,00 |
174 |
|
Equity
in percentage |
12.63 |
60.69 |
7.86 |
-23.17 |
10.23 |
20,00 |
-36.85 |
|
Total
debt ratio |
6.92 |
-41.01 |
11.73 |
33.60 |
8.78 |
21,00 |
-67.05 |
Industry
comparison
|
Activity code |
46761 |
|
Activity description |
Wholesaler
of diamonds and other precious stones |
Payment
Information
|
Suspension of payments / moratorium history |
|
|
Amount |
- |
|
Details |
- |
|
Payment expectations |
|
|
Payment expectation days |
44.73 |
|
Day sales outstanding |
129.57 |
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesaler
of diamonds and other precious stones |
|
Industry average payment expectation days |
164.15 |
|
Industry average day sales outstanding |
119.90 |
|
Industry quartile analysis |
|
|
Payment expectations |
|
|
Company result |
44.73 |
|
Lower |
134.34 |
|
Median |
84.60 |
|
Upper |
45.29 |
|
Day sales outstanding |
|
|
Company result |
129.57 |
|
Lower |
112.48 |
|
Median |
58.56 |
|
Upper |
28.09 |
Group
Structure
No
group structure for this company.
Minority
Shareholders
No
minority shareholders found
Minority
Interests
No
minority interests found
Individual Shareholders
|
SHAREHOLDER NAME |
|||
|
Forename |
Arvindkumar |
Middle name |
- |
|
Surname |
Shah |
|
|
|
SHAREHOLDER DETAILS |
|||
|
Start date |
16/07/2012(estimated) |
End date |
- |
|
Percentage owned |
100% |
|
|
|
SHAREHOLDER ADDRESS |
|||
|
Street name |
Van
Eycklei |
House number |
2 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2018 |
Country |
Belgium |
Court data
|
NSSO details |
|
|
Business number |
460264802 |
Bankruptcy
details
There is no bankruptcy data against this company
Bankruptcy Data
Court Data
there is no data for this company
Director
details
|
Current Director Details |
|
|
Name |
ARVINDKUMAR
CHIMANLAL SHAH |
|
Position |
Principal
Manager |
|
Start Date |
12/10/2010 |
|
Date of birth |
31/10/1954 |
|
Street |
2
VAN EYCKLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
AMIT
ARUNBHAI SHAH |
|
Position |
Principal
Manager |
|
Start Date |
19/12/2011 |
|
Date of birth |
08/07/1980 |
Mandates in other companies
|
Name |
A.C.
Jewels BVBA |
|
Business number |
865979673 |
|
Position |
Principal
Manager |
|
Start Date |
26/02/2010 |
|
|
|
|
Name |
A.C.
Jewels BVBA |
|
Business number |
865979673 |
|
Position |
Non
Statutory Partner |
|
Start Date |
17/06/2004 |
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.60.32 |
|
UK Pound |
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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.