MIRA
INFORM REPORT
|
Report Date : |
29.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
GEMASIA BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat, 53, 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
12.06.1991 |
|
|
|
|
Com. Reg. No.: |
444382041 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of diamonds and
other precious stones |
|
|
|
|
No of Employees : |
06 (31.12.2012) |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
Company name GEMASIA BVBA
Address HOVENIERSSTRAAT
53
2018 ANTWERPEN
Business number 444382041
Number of staff 6 (31.12.2012)
Date of establishment 12/06/1991
Telephone number 032326731
Fax number 032326731
commentary
|
The
business was established over 22 years ago. |
|
|
The
business has 6 employees. |
|
|
The
business has been at the address for over 11 years. |
|
|
Pre-tax
profits decreased by 22% compared to the previous trading period. |
|
|
The
business saw an increase in their Cash Balance of 326% during the latest
trading period. |
|
|
Turnover
in the latest trading period decreased 23% on the previous trading period. |
|
Accounts
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2012 |
203,077,100 |
253,696 |
3,971,557 |
10,025,003 |
|
31/12/2011 |
267,161,693 |
328,854 |
3,801,978 |
9,795,776 |
|
31/12/2010 |
181,299,754 |
261,594 |
3,586,277 |
9,346,556 |
Accounts
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
49,675,316 |
6 |
3,100,000 |
219,850 |
|
31/12/2011 |
47,903,269 |
5 |
3,100,000 |
276,555 |
|
31/12/2010 |
51,428,946 |
5 |
3,100,000 |
229,065 |
Trends
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment
expectations
|
Past payments |
|
Payment expectation days |
32.04 |
|
Industry average payment |
164.26 |
Industry average day sales |
120.92 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
73.55 |
||
Court data summary
|
BANKRUPTCY DETAILS |
|
|
Court action type |
no |
|
PROTESTED BILLS |
|
|
Bill amount |
- |
|
NSSO DETAILS |
|
|
Date of summons |
27/01/2014 |
Company
information
|
Business number |
444382041 |
Company
name |
GEMASIA
BVBA |
|
Fax number |
032326731 |
Date
founded |
12/06/1991 |
|
Company status |
active |
Company
type |
Private
Limited Company (BL/LX) |
|
Currency |
Euro
(€) |
Date
of latest accounts |
31/12/2012 |
|
Activity code |
46761 |
liable
for VAT |
yes |
|
Activity description |
Wholesaler
of diamonds and other precious stones |
VAT
Number |
BE.0444.382.041 |
|
Belgian Bullettin of Acts Publications |
moniteur
belge |
|
|
Social
Balance Sheet Details
|
Social Balance Sheet |
Total |
|
During the reporting year ended 31-12-2012 |
|
|
Full-time Employees |
5 |
|
Part-time Employees |
1 |
|
Total Fte Employees |
6 |
|
|
|
|
Number of hours worked |
|
|
Full-time Employees |
9,029 |
|
Part-time Employees |
495 |
|
Total |
9,524 |
|
|
|
|
Personnel Charges |
|
|
Full-time Employees |
202,840 |
|
Part-time Employees |
11,120 |
|
Total |
213,960 |
|
Benefits In Addition To Wages |
- |
|
|
|
|
During the previous reporting year |
|
|
Average number employees in Fte |
6 |
|
Actual working hours |
9,436 |
|
Personnel Charges |
208,509 |
|
Benefits In Addition To Wages |
- |
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration Contracts |
6 |
- |
6 |
|
Limited Duration Contracts |
- |
- |
- |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding Substitution |
- |
- |
- |
|
Gender and Education Level |
|
||
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
1 |
- |
1 |
|
Secondary education |
2 |
- |
2 |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondary education |
1 |
- |
1 |
|
Higher education (non university) |
2 |
- |
2 |
|
Higher education (university) |
- |
- |
- |
|
|
|||
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
5 |
- |
5 |
|
Blue collar worker |
1 |
- |
1 |
|
Other |
- |
- |
- |
|
|
|||
|
Temporary personnel |
Total |
||
|
Average number of temporary staff |
- |
||
|
Actual working hours |
- |
||
|
Cost of temporary staff |
- |
||
|
|
|||
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
New Starters |
1 |
- |
1 |
|
Leavers |
- |
1 |
0 |
Personnel
(NSSO classification)
|
|
|
|
Code |
- |
|
Description |
FROM
5 TO 9 EMPLOYEES |
|
Joint Industrial Committee (JIC) |
|
|
JIC Code |
218 |
|
Description |
Additional
national joint committee for the employees |
|
category |
|
|
|
|
|
JIC Code |
324 |
|
Description |
Joint
committee for the industry and the trade in diamant |
COMPANY ACCOUNTS
Comparison Mode
·
Average Median Export
accounts to CSV File
Profit & Loss
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry
average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
203,077,100 |
23.99 |
267,161,693 |
47.36 |
181,299,754 |
46,612,575 |
335 |
|
Total
operating expenses |
201,751,524 |
24.11 |
265,831,764 |
47.60 |
180,098,422 |
46,221,128 |
336 |
|
Operating
result |
1,325,576 |
-0.33 |
1,329,929 |
10.70 |
1,201,332 |
147,887 |
796 |
|
Total
financial income |
15,366 |
56.29 |
9,832 |
76.96 |
5,556 |
97,526 |
84.24 |
|
Total
financial expenses |
1,087,246 |
7.55 |
1,010,907 |
6.94 |
945,294 |
204,266 |
432 |
|
Results
on ordinary operations before taxation |
253,696 |
22.85 |
328,854 |
25.71 |
261,594 |
33,065 |
667 |
|
Taxation |
84,117 |
25.66 |
113,153 |
27.73 |
88,590 |
20,877 |
302 |
|
Results
on ordinary operations after taxation |
169,579 |
21.38 |
215,701 |
24.68 |
173,004 |
18,249 |
829 |
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
-4,342 |
0 |
|
Other
appropriations |
0.00 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net
result |
169,579 |
21.38 |
215,701 |
24.68 |
173,004 |
13,926 |
1117 |
|
OTHER INFORMATION |
|||||||
|
Dividends |
- |
- |
- |
- |
- |
172,177 |
- |
|
Director
remuneration |
236,659 |
47.63 |
160,302 |
25.23 |
128,002 |
112,544 |
110 |
|
Employee
costs |
213,960 |
2.61 |
208,509 |
6.83 |
195,174 |
126,172 |
69.58 |
|
Wages and salary |
169,305 |
3.53 |
163,537 |
7.79 |
151,724 |
105,771 |
60.07 |
|
Employee pension costs |
- |
- |
- |
- |
- |
14,428 |
- |
|
Social security contributions |
40,361 |
1.21 |
39,879 |
6.43 |
37,469 |
26,708 |
51.12 |
|
Other employee costs |
4,294 |
15.70 |
5,093 |
14.84 |
5,981 |
4,361 |
-1.55 |
|
Amortization
and depreciation |
50,271 |
17.39 |
60,855 |
8.55 |
56,061 |
17,886 |
181 |
Balance Sheet
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry
average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
1,577 |
-100 |
|
Tangible
fixed assets |
565,865 |
-7.05 |
608,778 |
-0.79 |
613,617 |
184,763 |
206 |
|
Land & building |
512,400 |
-4.99 |
539,322 |
-5.72 |
572,024 |
362,988 |
41.16 |
|
Plant & machinery |
3,224 |
115 |
1,499 |
65.97 |
4,405 |
22,646 |
85.77 |
|
Furniture & Vehicles |
50,241 |
26.07 |
67,957 |
82.74 |
37,188 |
17,300
5,364 |
190 |
|
Leasing & Other Similar
Rights |
- |
- |
- |
- |
- |
142,153
32,369 |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
7,619 |
-100 |
|
Financial
fixed assets |
2,113 |
0 |
2,113 |
0 |
2,113 |
306,761 |
-99 |
|
Total
fixed assets |
567,978 |
-7.02 |
610,891 |
-0.79 |
615,730 |
396,027 |
43.42 |
|
Inventories |
7,082,808 |
57.37 |
16,613,243 |
10.20 |
15,075,928 |
3,105,555 |
128 |
|
Raw materials &
consumables |
- |
- |
- |
- |
- |
7,209,884 |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,394 |
-100 |
|
Finished goods |
7,082,808 |
57.37 |
16,613,243 |
10.20 |
15,075,928 |
1,991,166 |
255 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
570,732 |
-100 |
|
Trade
debtors |
40,920,675 |
34.93 |
30,326,852 |
13.03 |
34,871,539 |
4,248,295 |
863 |
|
Cash |
1,082,929 |
326 |
254,017 |
46.37 |
473,654 |
225,847 |
379 |
|
other
amounts receivable |
13,000 |
75.28 |
52,581 |
304 |
13,000 |
187,129 |
93.05 |
|
Miscellaneous
current assets |
7,926 |
82.65 |
45,685 |
87.95 |
379,094 |
17,998 |
55.96 |
|
Total
current assets |
49,107,338 |
3.84 |
47,292,377 |
-6.93 |
50,813,216 |
7,304,875 |
572 |
|
Total
Assets |
49,675,316 |
3.70 |
47,903,269 |
-6.86 |
51,428,946 |
7,668,456
1,451,744 |
547 |
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
Trade
creditors |
17,708,278 |
-3.75 |
18,397,517 |
-8.35 |
20,073,250 |
3,137,713 |
464 |
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
20,694,413 |
11.28 |
18,597,071 |
4.75 |
17,753,129 |
4,243,670
187,578 |
387 |
|
Current
portion of long term debt |
9,787 |
59.27 |
24,029 |
67.98 |
75,049 |
110,204
15,373 |
91.12 |
|
Amounts
Payable for Taxes, Remuneration & Social Security |
341,856 |
31.20 |
260,562 |
53.84 |
169,376 |
9,727
- |
906 |
|
Miscellaneous
current liabilities |
328,000 |
50.86 |
217,422 |
93.60 |
3,395,857 |
10.61 |
-
- |
|
Total
current liabilities |
39,082,335 |
4.23 |
37,496,601 |
-9.57 |
41,466,661 |
5,430,989 |
619 |
|
LONG TERM DEBTS AND LIABILITIES |
|||||||
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
-
- |
|
Other
long term loans |
6,621,424 |
0.25 |
6,604,690 |
3.59 |
6,376,009 |
501 |
-
- |
|
Deffered
taxes |
- |
- |
- |
- |
- |
37,626
26,358 |
- |
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,178
0 |
-100 |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
128,413 |
-100 |
|
Total
long term debts |
6,621,424 |
0.25 |
6,604,690 |
3.59 |
6,376,009 |
558,087 |
1086 |
|
SHAREHOLDERS EQUITY |
|
|
|
|
|
|
|
|
Issued
share capital |
3,100,000 |
0 |
3,100,000 |
0 |
3,100,000 |
944,106 |
228 |
|
|
|
|
|
|
|
|
|
|
Share
premium account |
- |
- |
- |
- |
- |
109,362 |
- |
|
Reserves |
871,557 |
24.16 |
701,978 |
44.36 |
486,277 |
691,870 |
25.97 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
939,206 |
- |
|
Total
shareholders equity |
3,971,557 |
4.46 |
3,801,978 |
6.01 |
3,586,277 |
1,665,598 |
138 |
|
Working
capital |
10,025,003 |
2.34 |
9,795,776 |
4.81 |
9,346,556 |
1,873,885 |
434 |
|
Cashflow |
219,850 |
20.50 |
276,555 |
20.73 |
229,065 |
28,711 |
665 |
|
Net
worth |
3,971,557 |
4.46 |
3,801,978 |
6.01 |
3,586,277 |
1,662,342 |
138 |
Ratio Analysis
|
Annual
accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry
average 2012 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.12 |
0 |
0.12 |
-14.29 |
0.14 |
-25,00 |
0.48 |
|
Return
on capital employed |
2.39 |
-24.37 |
3.16 |
20.15 |
2.63 |
29,00 |
-91.76 |
|
Return
on total assets employed |
0.51 |
-26.09 |
0.69 |
35.29 |
0.51 |
-201,00 |
0.25 |
|
Return
on net assets employed |
6.39 |
-26.13 |
8.65 |
18.66 |
7.29 |
19,00 |
-66.37 |
|
Sales
/ net working capital |
20.26 |
-25.71 |
27.27 |
40.57 |
19.40 |
44,00 |
-99 |
|
Stock
turnover ratio |
3.49 |
-43.89 |
6.22 |
-25.24 |
8.32 |
110,00 |
-96.83 |
|
Debtor
days |
73.55 |
77.53 |
41.43 |
-40.98 |
70.20 |
134,00 |
-45.11 |
|
Creditor
days |
32.04 |
26.84 |
25.26 |
-37.91 |
40.68 |
123,00 |
-73.95 |
|
SHORT TERM STABILITY |
|||||||
|
Current
ratio |
1.26 |
0 |
1.26 |
2.44 |
1.23 |
6,00 |
-86.00 |
|
Liquidity
ratio / acid ratio |
1.08 |
31.71 |
0.82 |
-4.65 |
0.86 |
4,00 |
-73.00 |
|
Current
debt ratio |
9.84 |
-0.20 |
9.86 |
-14.71 |
11.56 |
9,00 |
9.33 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|||||||
|
Gearing |
688.03 |
3.70 |
663.49 |
-1.69 |
674.91 |
358,00 |
92.19 |
|
Equity
in percentage |
8 |
0.76 |
7.94 |
13.92 |
6.97 |
-3.205,00 |
0.25 |
|
Total
debt ratio |
11.51 |
-0.78 |
11.60 |
-13.04 |
13.34 |
10,00 |
15.10 |
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 |
32.04 |
|
Day sales outstanding |
73.55 |
Industry comparison
|
Activity code |
46761 |
|
Activity description |
Wholesale
of diamonds and other precious stones |
|
Industry average payment expectation days |
164.26 |
|
Industry average day sales outstanding |
120.92 |
|
Industry quartile analysis |
|
|
Payment expectations |
|
|
Company result |
32.04 |
|
Lower |
134.13 |
|
Median |
83.75 |
|
Upper |
45.33 |
|
|
|
|
Day sales outstanding |
|
|
Company result |
73.55 |
|
Lower |
112.48 |
|
Median |
58.70 |
|
Upper |
27.62 |
Group Structure
No
group structure for this company.
Minority Shareholders
No
minority shareholders found
Minority Interests
No
minority interests found
Court
data
|
NSSO details |
|
|
Business number |
444382041 |
|
Name of defendant |
GEMASIA |
|
Legal form of defendant |
Private
limited liability company |
|
Date of summons |
01/02/2005 |
|
Labour court |
ANTWERPEN |
Bankruptcy details
There
is no bankruptcy data against this company
Bankruptcy
Data
Legal events
|
Legal event type |
Social
Security Summons |
||
|
Legal event sub type |
|
||
|
Event date |
27/01/2014 |
Secondary event date |
|
|
Court number |
|
Registry body identfier |
|
|
Court type |
Employment
Court |
Court name |
Antwerpen |
|
3rd party name |
Rijksdienst
voor Sociale Zekerheid |
3rd party type |
Summoning
Party |
Director details
|
Current Director Details |
|
|
Name |
HARSHAD
JAYANTILAL SHAH |
|
Position |
Principal
Manager |
|
Start Date |
01/10/2010 |
|
Street |
147
BELGIELEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
SAMIR
ZAVERI |
|
Position |
Principal
Manager |
|
Start Date |
19/12/2001 |
|
Street |
33
QUINTEN MATSIJSLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
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.60.47 |
|
UK Pound |
1 |
Rs.100.35 |
|
Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
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.