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Report Date : |
26.04.2014 |
IDENTIFICATION DETAILS
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Name : |
GREGORY BROS PTY LTD |
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Formerly Known as: |
Z Y B F PTY LTD |
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Registered Office : |
The Trust Building, Level 5, 155 King Street, Sydney, New South Wales, Zip/postal code 2000 |
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Country : |
Australia |
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Date of Incorporation : |
16.03.1982 |
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Com. Reg. No.: |
002389817 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
manufacturer, wholesaler and retailer of fine jewellery, precious stones and high end watches. |
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No. of Employees : |
100 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Slow but Correct |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Australia |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
austraLia ECONOMIC OVERVIEW
The Australian economy has experienced continuous growth and features
low unemployment, contained inflation, very low public debt, and a strong and
stable financial system. By 2012, Australia had experienced more than 20 years of
continued economic growth, averaging 3.5% a year. Demand for resources and
energy from Asia and especially China has grown rapidly, creating a channel for
resources investments and growth in commodity exports. The high Australian
dollar has hurt the manufacturing sector, while the services sector is the
largest part of the Australian economy, accounting for about 70% of GDP and 75%
of jobs. Australia was comparatively unaffected by the global financial crisis
as the banking system has remained strong and inflation is under control.
Australia has benefited from a dramatic surge in its terms of trade in recent
years, stemming from rising global commodity prices. Australia is a significant
exporter of natural resources, energy, and food. Australia's abundant and
diverse natural resources attract high levels of foreign investment and include
extensive reserves of coal, iron, copper, gold, natural gas, uranium, and
renewable energy sources. A series of major investments, such as the US$40
billion Gorgon Liquid Natural Gas project, will significantly expand the
resources sector. Australia is an open market with minimal restrictions on
imports of goods and services. The process of opening up has increased
productivity, stimulated growth, and made the economy more flexible and
dynamic. Australia plays an active role in the World Trade Organization, APEC,
the G20, and other trade forums. Australia has bilateral free trade agreements
(FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has
a regional FTA with ASEAN and New Zealand, is negotiating agreements with
China, India, Indonesia, Japan, and the Republic of Korea, as well as with its
Pacific neighbors and the Gulf Cooperation Council countries, and is also
working on the Trans-Pacific Partnership Agreement with Brunei Darussalam,
Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and
Vietnam.
|
Source : CIA |
Verified Address
Subject name :
GREGORY BROS PTY LTD
Business
address : The Trust Building, Level
5
155 King Street
Town : Sydney
Province : New South Wales
Zip/postal
code : 2000
Country : Australia
Tel : +61 2 92213077
Fax : +61 2 92214560
Email : info@gregoryjewellers.com.au
Website : www.gregoryjewellers.com.au
Registered
address : The Trust Building, Level 5
155 King Street
Town : Sydney
Province : New South Wales
Zip/postal
code : 2000
Country : Australia
Comments : The address provided Level-10,
70 Castlereagh Street, Sydney, NSW, Australia
belongs to the Subject's flagship store.
Executive Summary
Date founded
or registered : 16/03/1982
Legal form : Australian
Proprietary Company
Chief
executive : Christopher
Gregory
Issued &
paid up capital : AUD 12
Line of
business : Manufacturing,
wholesale and retail of fine jewellery, precious stones and high
end watches.
Staff employed
: 100 employees
Company Analysis
Country risk :
Country risk
is minimal
Operation
trend : Operational
trend is steady
Management
experience : Management is
adequately experienced
Financial
performance : Financial
performance is undetermined
Organization
structure : Organizational
structure is stable
Detrimental : No detrimental found
Payment
history : No payment
delays noted
Registry Data
Registration
date : 16/03/1982
Legal form : Australian
Proprietary Company
Registration
no Australian
Company Number: 002389817
Registered
authority : Australian
Securities and Investments Commission
Fiscal/ Tax no
: Australian
Business Number: 20102419004
Registry
status : Live/Active
Previous name
: Z Y B F PTY LTD
(initial)
Change of
legal form : None reported.
Key Management
Name : Christopher Gregory
Designation : Managing Director
Name : Lahdo Gregory
Designation : Director
Name : Isak Gregory
Designation : Director
Appointments
Name : Lahdo Gregory
Designation : Director
Appointment
date : 16/03/82
Address : 12 Seymour Street
Croydon Park, NSW 2133
Australia
Biography : Born on 01-01-1946 in Midyat,
Turkey.
Name : Isak Gregory
Designation : Director
Appointment
date : 16/03/82
Address : 10 Rose Street
Croydon Park, NSW 2133
Australia
Biography : Born on 01-01-1942 in Midyat,
Turkey.
Name : Christopher Gregory
Designation : Director and Company Secretary
Appointment
date : 16/03/82
Address : 37 Lucretia Avenue
Longueville, NSW 2066
Australia
Biography : Born on 01-01-1950 in Midyat,
Turkey.
Staff employed
: 100 employees
Composition
Authorized
Capital : AUD 12
No of shares :
12 Ordinary Shares
Share par
value : AUD 1
Issued capital
: AUD 12
Paid up
capital : AUD 12
How listed : Full List
Composition
Shareholder
name : Lahdo Gregory
Address : 12 Seymour Street
Croydon Park, NSW 2133
Australia
No. of shares
: 6 Ordinary Shares
% of shares : 50%
Shareholder
name : Christopher Gregory
Address : 37 Lucretia Avenue
Longueville, NSW 2066
Australia
No. of shares
: 6 Ordinary Shares
% of shares : 50%
Structure
Name : GREGORY JEWELLERS PTY
LIMITED
Affiliation
type : Associate
Address : 37 Lucretia Avenue
Longueville, NSW 2066
Australia
Bank Details
Name of bank :
Commonwealth Bank
of Australia
Address : Australia
Account
details : Current Account
Comments : It is generally not the policy
of local banks to provide credit status information to
non related parties, however interested parties would be advised
to consult first
with the Subject if banker's references are required.
Mortgages : None
reported.
Legal Fillings
Bankruptcy
fillings : None reported.
Court
judgements : None reported.
Tax liens : None reported.
Others : None reported.
Description
Comments : The representative contacted
Mr. Christopher Gregory declined to provide any
financial information until the inquiring party details are
revealed.
The Subject is classified as a small proprietary company by the
Australian
Securities & Investments Commission hence is not required to
disclose their
financial statement.
A proprietary company is defined as small for a financial year if
it satisfies at least
two of the following:
- The consolidated revenue for the financial year of the company and
any entities
it controls is less than $25 million;
-The value of the consolidated gross assets at the end of the
financial year of the
company and any entities it controls is less than $12.5 million,
and
-The company and any entities it controls have fewer than 50
employees at the
end of the financial year.
Main
activities : The
Subject engages in manufacturing, wholesale and retail of fine jewellery,
precious stones and high end watches.
The Subject has 14 boutique showrooms/stores located
across New South
Wales and Victoria, Australia.
Product & services :
Fine Diamonds
Fine Jewellery
High End
Watches
Accessories
Precious
Stones
Brand :
LONGINES
RAYMOND WEIL
TAG HEUER
TISSOT
RADO
GUCCI
OMEGA
ORIS
CARTIER
DIOR
IWC
JAEGER LE
COULTRE
Purchases
International
: Asia and Europe
Sales
Local : Yes
International
: No exports.
Key events : 16 September 2013
Gregory turns 45
With a jewellery-making heritage spanning over a thousand years,
it was
probably inevitable that the Gregory family would succeed when
they
opened up their jewellery manufacturing and wholesale business in
Sydney
in 1978.
Isak, Lahdo & Christopher Gregory, the co-directors of Gregory
Jewellers,
began producing silver filigree jewellery in the Aramaic village
of Midyat
during the late 1950s, as apprentices to the master jewellers,
known as the
Asra family.
According to Christopher and Lahdo, jewellery-making, particularly
silver
filigree work, was the main trade for all the men in the village ?
and has
been so for over a thousand years.
Nonetheless the quality and popularity of the brothers’ designs
prompted
their
uncle, Isaac, to join forces with them and formally establish Gregory
Bros as
a business in 1967.
During
the next decade, the business shifted its focus from the
manufacture
of silver filigree jewellery to fine diamond jewellery, and
became
increasingly commercially successful in Turkey. However due to
‘political
unrest’ in the country, the Gregory Family, despite knowing very
little
English, decided to migrate to Australia, “the lucky country” from 1976
to
1978.
When
the Gregory trio and their families arrived in Sydney they set up a
workshop
in the centre of the CBD and began manufacturing the precious
diamond
jewellery that had proved so successful in their homeland.
The
business quickly established itself as a trusted supplier to “some of
Australia's
most luxurious and respected jewellery brands” and during its
peak,
in the mid-1980s, boasted more than “1500 loyal clients” in
Australia,
New Zealand and Fiji.
However,
Gregory Bros’ fortunes took a dramatic turn for the worse in the
late
1980s due a confluence of economic factors including the devastating
1987 stock
market crash and the resulting drop in property prices.
Edward
Gregory, son of Lahdo Gregory and joint CEO of Gregory
Jewellers
today with Helen Gregory, daughter of Christopher Gregory, says
that in
many ways these outside factors “forced” the family business to
move
into retail.
“Wholesale
business was really slow,” he explains, “and we were slowly
starting
to go under due to what was going on around us.
“Many
of our jewellery clients were not paying their accounts and a lot of
our
stock had to be written off completely when some of our clients were
declared
bankrupt.
“We
were quite happy being manufacturers and wholesalers but because
the
market changed we had to change otherwise we would have gone
bankrupt
too.”
The
three families re-mortgaged their homes and then contacted numerous
shopping
centres in a bid to establish a retail outlet.
“Unfortunately
as our name wasn’t recognised in the retail market at the
time
many shopping centres didn’t want to know us but thankfully, the
leasing
manager at Blacktown WestPoint, Jim Wakeling, gave us an
opportunity.”
In
1989, the Gregory’s opened the doors to their first store. Called
‘Diamondland’
to differentiate it from their then still active manufacturing
business,
the store took about six months to establish successfully.
“Our
aunt and mothers, Gulay, Leyla and Rose took on the retail work. The
first
six months were difficult but after that they learnt what they were doing,
how to
build relationships, how to close a sale, etc, and the business began
to take
off,” explains Helen.
A few
years later after the Gregorys opened more stores, the Diamondland
name
was replaced with ‘Gregory Jewellers’, and gradually began to
expand
their retail empire further while winding back the wholesale side of
the
business.
Today
the business encompasses 14 “boutique showrooms” throughout
Sydney.
Each is
stocked with rings and diamond jewellery, designed and
manufactured
by the company’s jewellers as well as locally designed but
imported
jewellery and an extensive collection of Swiss watches including
Baume
and Mercier, Bell & Ross, Breitling, Cartier, Dior, Gucci, IWC,
Jaeger
Le Coultre, Longines, Omega, Oris, Rado, TAG Heuer, Tissot, TW
Steel
and U-Boat.
Helen
says the company’s success can largely be attributed to the fact
that
the Gregorys are “yes” people who cater to their customers’ needs
for
bespoke designs.
“We
have always been ‘yes’ people,” she says. “We would never say
‘no’ to
a customer ? whatever a customer desires we aim to deliver.
“I
guess that’s what makes us stand out from everybody else. As
experienced
jewellers we have the ability to deliver bespoke designs and
that’s
increasingly important as more and more customers want the
opportunity
to create something unique from a sketch.”
Edward
agrees, readily acknowledging that the business is moving “in the
opposite
direction” of many of its competitors by manufacturing most of its
stock.
“With
the high cost of labour the cost of manufacturing is such that a
jeweller
cannot be globally competitive if they manufacture in Australia but
nonetheless
instead of focussing on more affordable imports we are
expanding
our local manufacturing business so we can give our customers
a product
that is 100 percent Australian-made and 100 percent
Gregory-made
from design to manufacture.
“We
believe that by doing this we are maintaining our soul and that we
haven’t
given away what our parents have inherited – being a history of
more
than 1000 years of jewellery-making experience – for the lure of the
dollar.”
“It
probably makes it more difficult to compete but we’re very comfortable
with
the direction were taking.”
Helen
adds that although the business does have “some ready-to-wear
jewellery
made overseas” it is designed locally and the “production
process
is tailored to meet our standards, under strict quality control”.
“We
will however never deviate from making our own engagement rings
although
some High Street jewellers have already done so.”
Edward
and Helen are both adamant that Gregory Jewellers will always
remain
true to its family’s cultural heritage.
Isak,
Lahdo and Christopher Gregory are still directors of the business and
are not
only actively involved in overseeing the jewellery design and
manufacturing
side of operations but also find the time to regularly visit
their stores – Lahdo and Chris often still work seven days a week.
Furthermore Edward and Helen are not the only members of the
Gregory
families’ second generation to be involved in the family business.
Edward’s younger brother Robert is Gregory Jewellers chief
operating
officer, while his older brother Simon manages the Castle Hill
boutique.
Helen’s sister Suellen is the group visual merchandising manager,
based
in Bondi Junction, and her youngest sister Sara the noutique
director of
Gregory Jewellers newest boutique in Westfield Chatswood.
The family’s cultural heritage will also be spreading its roots
further in the
coming years.
After operating so successfully in NSW for the last 45 years,
Helen and
Edward say the family is finally “open to expanding nationally”.
Although reluctant to reveal their expansion plans in great
detail, they are
happy to say that their first interstate store, in Melbourne’s
Highpoint
shopping centre, is due to open this March.
Source: www.jewelleryworld.net.au
Property &
Assets
Premises : The Subject operates from premises
located at the verified heading
address consisting of administrative office.
Branches : In addition, the Subject
operates from 14 boutique showrooms/stores
located in Australia.
Shop 3015/3017
Westfield Bondi Junction
500 Oxford Street
Bondi Junction NSW 2022
Australia
Tel: +61 2 93898822
Shop ML 205
Centro Bankstown
Bankstown NSW 2200
Australia
Tel: +61 2 97938855
Shop 349
Castle Towers Shopping Centre Castle Hill NSW 2154
Australia
Tel: +61 2 88507080
Shop 2069
Westfield Liverpool Macquarie Street Liverpool NSW 2170
Australia
Tel: +61 2 98213311
Shop 3046, Level 3
Westpoint Shopping Centre
Blacktown NSW 2148
Australia
Tel:
+61 2 96224828
Shop
454
Westfield
Chatswood Anderson Street Chatswood NSW 2067
Australia
Tel:
+61 2 98848900
Shop 3
67
Castlereagh St
Sydney
NSW 2000
Australia
Tel:
+61 2 92333510
Shop
4018
Westfield
Parramatta
159-175
Church Street
Parramatta
NSW 2150
Australia
Tel:
+61 2 96335500
Shop
254
Westfield
Burwood
90
Burwood Road
Burwood
NSW 2134
Australia
Tel:
+61 2 97153866
Shop
2083
Westfield
Hornsby
236
Pacific Highway
Hornsby
NSW 2077
Australia
Tel: +61 2 94765500
Shop
264
Westfield
Penrith Henry Street Penrith NSW 2750
Australia
Tel:
+61 2 47228722
Shop
U59, Level 3
Macarthur
Square Gilchrist Drive Ambarvale NSW 2560
Australia
Tel:
+61 2 4628 4141
Shop
376, level 2
Westfield
Hurstville
Hurstville
NSW 2220
Australia
Tel:
+61 2 95707050
Castlereagh
Street
Sydney,
NSW 2000
Australia
Tel:
+61 2 92333510
Gross Domestic
Products (GDP) & Economic Overview
Central bank :
Reserve
Bank of Australia
Reserve of
foreign exchange & gold : US$
46.714 billion
Gross domestic
product - GDP : US$ 1.586
trillion
GPP
(Purchasing power parity) : 954.296
billion of International dollars
GDP per capita
- current prices : US$ 68,916
GDP -
composition by sector : agriculture: 4%
industry: 25.6%
services: 70.4%
Inflation : 2010:
2.8%
2011: 3.4%
2012: 2.7%
Unemployment
rate : 2010:
5.2%
2011: 5.1%
2012: 5.2%
Public debt
(General
Government gross debt as
a % GDP) 2010:
20.4%
2011: 22.9%
2012: 24%
Government
bond ratings : Standard
& Poor's: AAA
Moody's rating: Aaa
Moody's outlook: STA
Market value
of publicly traded shares : US$1.198
trillion
Largest
companies in the country : Qantas
Airways (Airline),Coca-Cola Amatil (Beverages), CSL (Biotechs),
Brambles (Business & Personal
Services),Crown Ltd (Casinos &
aming), Amcor (Containers & Packaging),Suncorp-Metway (Diversified
Insurance), BHP Billiton (Diversified Metals & Mining),Newcrest Mining
(Diversified Metals & Mining), Orica (Diversified Metals & Mining),
Iluka Resources (Diversified Metals & Mining), Origin Energy (Electric
Utilities), AGL Energy (Electric Utilities), Wesfarmers (Food Retail),
Woolworths (Food Retail), Metcash (Food Retail), Macquarie Group (Investment
services), AMP (Investment services), Challenger Ltd (Investment services),
Fortescue Metals Group (Iron & Steel), Bluescope Steel (Iron & Steel),
Commonwealth Bank (Major Banks), Westpac Banking Group (Major Banks), National
Australia Bank (Major Banks), ANZ (Major Banks), Woodside Petroleum (Oil &
Gas Operations), Santos (Oil & Gas Operations), Caltex Australia (Oil &
Gas Operations), WorleyParsons (Oil Services & Equipment), Toll Holdings
(Other Transportation), Transurban Group (Other Transportation), QBE Insurance
Group (Property & Casualty Insurance), Insurance Australia Group (Property
& Casualty Insurance), QR National (Railroads), Westfield Group (Real
Estate), Stockland Australia (Real Estate), Westfield Retail Trust (Real
Estate), Lend Lease (Real Estate), CFS Retail Property Trust (Real Estate),
Goodman Group (Real Estate), Bendigo & Adelaide Bank (Regional Banks), Bank
of Queensland (Regional Banks), Incitec Pivot (Specialized Chemicals), Telstra
(Telecommunications Services)
Trade &
Competitiveness Overview
Total exports
: US$263.9
billion
Exports
commodities : Coal, iron ore,
gold, meat, wool, alumina, wheat, machinery and transport
Equipment
Total imports :
US$239.7 billion
Imports
commodities : Machinery and
transport equipment, computers and office machines,
telecommunication equipment and parts; crude oil and
petroleum products
Export - major
partners : China 27.4%, Japan
19.2%, South Korea 8.9%, India 5.8%
Import - major
partners : China 18.5%, US
11.4%, Japan 7.9%, Singapore 6.3%, Germany 4.7%
FDI Inflows : 2009: US$26,554
million
2010: US$35,556 million
2011: US$41,317 million
FDI Outflows :
2009: US$16,693
million
2010: US$12,791 million
2011: US$19,999 million
Best countries
for doing business : 10 out of 185 countries
Global
competitiveness ranking : 20 (ranking by country on a basis of 144, the first
is the best)
Country and
Population Overview
Total
population : 22.68
million
Total area : 7,692,024 km2
Capital : Canberra
Currency : Australian
dollars (AUD)
Internet users
as % of total
Population 79%
Purchase
Term
International
: L/C, Telegraphic
transfer, D/P, Credit 30-90 days
Sales Term
Local : Credit card,
Prepayment, Bank transfer, Credit 30-90 days
Trade Reference/
Payment Behaviour
Comments : As local and international
trade references were not supplied, the Subject's
payment track record history cannot be appropriately determined but
based
on our research, payments are believed to be met without delay.
Investigation Note
Sources : Interviews and material
provided by the Subject
Other official and local business sources
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.
NT HISTORY
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.12 |
|
UK Pound |
1 |
Rs.102.71 |
|
Euro |
1 |
Rs.84.52 |
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.