|
Report Date : |
01.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
A.C. DIAM EBVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-Bus 210, 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
21.03.1997 |
|
|
|
|
Com. Reg. No.: |
460264802 |
|
|
|
|
Legal Form : |
One Person Private Limited
Company (BE) |
|
|
|
|
Line of Business : |
Wholesale of watches and jewellery |
|
|
|
|
No of Employees : |
2 |
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 : |
Slow but correct |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Belgium |
A1 |
A2 |
|
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 |
Business number 460264802
Company name A.C. DIAM EBVBA
Address HOVENIERSSTRAAT 30-BUS 210
2018 ANTWERPEN
Number of staff 2
Date of establishment 21/03/1997
Telephone number 032329484
Fax number 032329481
The business was established over 17 years ago.
The business has 2 employees.
The business has changed its registered name recently.
The business has been at the address for over 15 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.
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
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
Past payments
Payment expectation days 44.73
Industry average payment
expectation days 244.93
Industry average day sales
outstanding 355.74
Day sales outstanding 129.57
BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons -
|
Business number |
460264802 |
Company name |
A.C. DIAM EBVBA |
|
Fax number |
032329481 |
Date founded |
21/03/1997 |
|
Company status |
active |
Company type |
One Person Private Limited
Company (BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/03/2013 |
|
Activity code |
46480 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of watches and
jewellery |
VAT Number |
BE.0460.264.802 Check VAT
number |
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
JIC Code 218
Description Additional national
joint committee for the employees
category
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).
ASSETS
|
Annual accounts |
31-03-2013 |
% |
31-03-2012 |
% |
31-03-2011 |
% |
31-03-2010 |
% |
31-03-2009 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
|
|||||||||
|
Total fixed assets |
908,800 |
-1.32 |
920,915 |
-31.80 |
1,350,400 |
-3.30 |
1,396,555 |
-2.98 |
1,439,451 |
|
|
|||||||||
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|||||||||
|
Tangible fixed assets |
906,150 |
-1.31 |
918,217 |
410 |
179,764 |
9.82 |
163,696 |
-7.88 |
177,697 |
|
Land & building |
868,323 |
-2.40 |
889,704 |
500 |
148,167 |
-3.57 |
153,652 |
-3.45 |
159,137 |
|
Plant & machinery |
- |
- |
- |
- |
417 |
-57.14 |
972 |
-36.35 |
1,527 |
|
Furniture & Vehicles |
37,828 |
32.67 |
28,514 |
-8.55 |
31,181 |
243 |
9,072 |
-46.74 |
17,033 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
-1 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Financial fixed assets |
2,650 |
-1.78 |
2,698 |
-99 |
1,170,636 |
-5.05 |
1,232,859 |
-2.29 |
1,261,754 |
|
|
|||||||||
|
Total current assets |
56,945,417 |
2.48 |
55,566,716 |
41.93 |
39,149,656 |
9.84 |
35,643,243 |
107 |
17,203,647 |
|
Inventories |
6,043,184 |
39.00 |
4,347,547 |
-31.47 |
6,344,372 |
24.02 |
5,115,500 |
7.35 |
4,765,067 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
6,043,184 |
39.00 |
4,347,547 |
-31.47 |
6,344,372 |
24.02 |
5,115,500 |
7.35 |
4,765,067 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|||||||||
|
Trade debtors |
50,216,559 |
6.16 |
47,302,286 |
44.23 |
32,796,351 |
11.60 |
29,387,978 |
139 |
12,289,476 |
|
Other amounts receivable |
666,838 |
12788 |
5,174 |
32.37 |
3,909 |
43.91 |
2,716 |
-97.71 |
118,568 |
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
18,559 |
-99 |
3,911,435 |
82227 |
4,751 |
-99 |
1,136,776 |
3655 |
30,269 |
|
|
|
|
|
|
|
|
|
|
|
|
Miscellaneous current assets |
277 |
1.01 |
274 |
0.21 |
274 |
0.24 |
273 |
2.25 |
267 |
|
|
|||||||||
|
Total Assets |
57,854,217 |
2.42 |
56,487,631 |
39.48 |
40,500,056 |
9.34 |
37,039,798 |
98.68 |
18,643,098 |
|
LIABILITIES |
|||||||||
|
Total shareholders equity |
7,308,206 |
64.65 |
4,438,683 |
7.18 |
4,141,196 |
11.11 |
3,727,013 |
9.91 |
3,391,122 |
|
Issued share capital |
6,403,380 |
60.08 |
4,000,000 |
0 |
4,000,000 |
0 |
4,000,000 |
0 |
4,000,000 |
|
|
|||||||||
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|||||||||
|
Revaluation reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
904,826 |
106 |
438,683 |
210 |
141,196 |
51.72 |
-272,987 |
44.83 |
-608,878 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|||||||||
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|||||||||
|
Creditors |
50,546,010 |
-2.89 |
52,048,948 |
43.15 |
36,358,860 |
9.14 |
33,312,785 |
118 |
15,251,976 |
|
|
|
|
|
|
|
|
|
|
|
|
Other long term loans |
5,018,657 |
9.02 |
4,603,632 |
36.61 |
3,369,914 |
-6.66 |
3,610,533 |
-3.19 |
3,729,372 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
1 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
5,018,658 |
9.02 |
4,603,632 |
36.61 |
3,369,914 |
-6.66 |
3,610,533 |
-3.19 |
3,729,372 |
|
|
|||||||||
|
Current portion of long term debt |
109,074 |
-1.56 |
110,807 |
54.25 |
71,834 |
-5.53 |
76,036 |
2.55 |
74,142 |
|
Financial debts |
27,923,334 |
15.95 |
24,081,596 |
21.35 |
19,844,672 |
-7.91 |
21,550,381 |
246 |
6,225,130 |
|
Trade creditors |
17,157,957 |
-21.42 |
21,834,012 |
70.02 |
12,841,663 |
62.87 |
7,884,444 |
51.87 |
5,191,618 |
|
Amounts Payable for Taxes, |
130,380 |
-20.67 |
164,356 |
378 |
34,368 |
2.29 |
33,599 |
38.84 |
24,199 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
206,608 |
-83.53 |
1,254,545 |
538 |
196,409 |
24.47 |
157,792 |
1999 |
7,515 |
|
Total current liabilities |
45,527,353 |
-4.04 |
47,445,316 |
43.82 |
32,988,947 |
11.07 |
29,702,252 |
157 |
11,522,604 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
57,854,217 |
2.42 |
56,487,631 |
39.48 |
40,500,056 |
9.34 |
37,039,798 |
98.68 |
18,643,098 |
|
|
|
|
|
|
|
|
|
|
|
|
RATIO ANALYSIS |
|||||||||
|
TRADING
PERFORMANCE |
|||||||||
|
Profit Before Tax |
0.22 |
-15.38 |
0.26 |
-21.21 |
0.33 |
6.45 |
0.31 |
27.43 |
-1.13 |
|
|
|||||||||
|
Return on capital employed |
2.54 |
-44.54 |
4.58 |
-16.88 |
5.51 |
19.52 |
4.61 |
39.30 |
-11.73 |
|
|
|||||||||
|
Return on total assets employed |
0.54 |
-26.03 |
0.73 |
-28.43 |
1.02 |
12.09 |
0.91 |
20.31 |
-4.48 |
|
|
|||||||||
|
Return on net assets employed |
4.28 |
-54.13 |
9.33 |
-6.70 |
10.00 |
10.13 |
9.08 |
36.87 |
-24.63 |
|
|
|
|
|
|
|
|
|
|
|
|
Sales / net working capital |
12.39 |
-37.36 |
19.78 |
-3.79 |
20.56 |
12.60 |
18.26 |
40.57 |
12.99 |
|
|
|||||||||
|
Stock turnover ratio |
4.27 |
57.56 |
2.71 |
-45.91 |
5.01 |
6.14 |
4.72 |
-26.93 |
6.46 |
|
Creditor days |
44.73 |
-10.70 |
50.09 |
33.97 |
37.39 |
39.46 |
26.81 |
3.71 |
25.85 |
|
Debtor days |
129.57 |
20.53 |
107.50 |
13.77 |
94.49 |
-4.44 |
98.88 |
62.63 |
60.80 |
|
SHORT TERM
STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.25 |
6.84 |
1.17 |
-1.68 |
1.19 |
-0.83 |
1.20 |
-19.46 |
1.49 |
|
|
|||||||||
|
Liquidity ratio / acid ratio |
1.12 |
3.70 |
1.08 |
9.09 |
0.99 |
-3.88 |
1.03 |
-4.63 |
1.08 |
|
|
|
|
|
|
|
|
|
|
|
|
Current debt ratio |
6.23 |
-41.72 |
10.69 |
34.13 |
7.97 |
0 |
7.97 |
134 |
3.40 |
|
Liquidity ratio reprocessed |
|
|
|
|
|
|
|
|
|
|
Cashflow |
215,983 |
-44.62 |
389,984 |
-10.31 |
434,797 |
24.27 |
349,891 |
42.72 |
-818,948 |
|
Net worth |
7,308,206 |
64.65 |
4,438,683 |
7.18 |
4,141,196 |
11.11 |
3,727,013 |
9.91 |
3,391,122 |
|
LONG TERM
STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
452.25 |
-30.29 |
648.75 |
15.37 |
562.31 |
-16.96 |
677.14 |
128 |
295.73 |
|
|
|||||||||
|
Equity in percentage |
12.63 |
60.69 |
7.86 |
-23.17 |
10.23 |
1.69 |
10.06 |
-44.69 |
18.19 |
|
|
|||||||||
|
Total debt ratio |
6.92 |
-41.01 |
11.73 |
33.60 |
8.78 |
-1.79 |
8.94 |
98.67 |
4.50 |
|
Working capital |
11,418,064 |
40.59 |
8,121,400 |
31.83 |
6,160,710 |
3.70 |
5,940,991 |
4.58 |
5,681,043 |
PROFIT
& LOSS
|
Operating Income |
141,581,511 |
-11.85 |
160,614,155 |
26.78 |
126,691,507 |
16.77 |
108,493,908 |
47.06 |
73,776,976 |
|
Turnover |
141,455,572 |
-11.93 |
160,613,538 |
26.78 |
126,682,062 |
16.77 |
108,484,565 |
47.05 |
73,772,651 |
|
Total operating expenses |
140,014,471 |
-12.00 |
159,113,336 |
26.94 |
125,344,586 |
16.78 |
107,334,351 |
46.43 |
73,298,737 |
|
Gross Operating Margin |
- |
- |
-
|
- |
- |
- |
- |
- |
- |
|
Operating Charges |
140,140,410 |
-11.92 |
159,113,953 |
26.93 |
125,354,030 |
16.78 |
107,343,694 |
46.44 |
73,303,062 |
|
Employee costs |
80,107 |
1.23 |
79,133 |
-11.68 |
89,596 |
178 |
32,178 |
95.63 |
16,448 |
|
Wages and salary |
64,049 |
-0.84 |
64,590 |
4.64 |
61,724 |
132 |
26,600 |
63.88 |
16,231 |
|
Employee pension |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
security contributions |
14,615 |
8.40 |
13,482 |
-50.72 |
27,356 |
463 |
4,853 |
- |
- |
|
Other employee costs |
1,444 |
36.09 |
1,061 |
105 |
516 |
-28.84 |
725 |
234 |
217 |
|
Director remuneration |
106,384 |
-1.00 |
107,453 |
-7.41 |
116,058 |
12.47 |
103,193 |
- |
- |
|
Amortization and depreciation |
16,115 |
-82.58 |
92,497 |
348 |
20,614 |
47.23 |
14,001 |
-5.03 |
14,742 |
|
Operating result |
1,441,101 |
-3.94 |
1,500,202 |
12.17 |
1,337,476 |
16.28 |
1,150,214 |
142 |
473,914 |
|
Total financial income |
55 |
-83.42 |
332 |
-51.88 |
: 689 |
1713 |
38 |
-53.66 |
82 |
|
Total financial expenses |
1,128,063 |
3.84 |
1,086,347 |
17.57 |
923,982 |
13.82 |
811,820 |
-38.00 |
1,309,360 |
|
Results
on ordinary operations before taxation |
313,092 |
-24.41 |
414,187 |
0.00 |
414,184 |
22.38 |
338,432 |
40.51 |
-835,364 |
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
- |
- |
3,129 |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
- |
0 |
-100 |
3,129 |
|
Results for the Year Before Taxation |
313,092 |
-24.41 |
414,187 |
0.00 |
414,184 |
22.38 |
338,432 |
40.67 |
-832,235 |
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
113,224
|
-2.98 |
116,700 |
46679940 |
0 |
-99 |
2,542 |
74.71 |
1,455 |
|
operations after taxation |
199,868 |
-32.81 |
297,487 |
-28.18 |
414,183 |
23.31 |
335,890 |
40.14 |
-836,819 |
|
Net result |
199,868
|
-32.81 |
297,487 |
-28.18 |
414,183 |
23.31 |
335,890 |
40.29 |
-833,690 |
|
Profit (Loss) for the Year to be appropiated |
199,868 |
-32.81 |
297,487 |
-28.18 |
-28.18 |
414,183 |
23.31 |
335,890 |
40.29 -833,690 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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
Gender and Education
Level
Men Full-Time
Part-Time Total
Fte
Secondairy education 1 –
1
Women Full-Time
Part-Time Total
Fte
Secondairy education 1 –
1
Working Category Full-Time Part-Time Total
Fte
White collar worker 2 – 2
Activity code 46480
Activity description Wholesale of
watches and jewellery
industry average credit
rating 61.07
Industry average credit limit 7967.53
Payment expectations
Payment expectation days 44.73
Day sales outstanding 129.57
Industry comparison
Activity code 46480
Activity description Wholesale of
watches and jewellery
Industry average payment
expectation days 244.93
Industry average day sales
outstanding 355.74
Industry quartile analysis
Payment expectations
Company result 44.73
Lower 129.57
Median 63.24
Upper 19.75
Day sales outstanding
Company result 129.57
Lower 123.34
Median 56.14
Upper 21.03
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
Summons
There is no data for this company
Protested Bills
There is no data for this company
Bankruptcy and other legal events
There is no data for this company
Current director details
Name AMIT ARUNNBHAI
SHAH
Position Principal Manager
Start Date 19/12/2011
Date of birth 08/07/1980
Street 2 VAN EYCKLEI
ANTWERPEN
Post code 2018
Country Belgium
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
Current mandates in other companies
Name A.C. Jewels BVBA
Business number 865979673
Position Principal Manager
Start Date 26/02/2010
Business number 865979673
Position Non Statutory
Partner
Start Date 17/06/2004
Former director details
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.61.97 |
|
|
1 |
Rs.97.37 |
|
Euro |
1 |
Rs.77.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
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.