|
Report Date : |
01.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
YAELSTAR BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-Bus 154 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
16.11.1992 |
|
|
|
|
Com. Reg. No.: |
448419023 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of Diamonds and Other Precious Stones. |
|
|
|
|
No. of Employees : |
3 |
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 – 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 448419023
Company name YAELSTAR BVBA
Address HOVENIERSSTRAAT
30-BUS 154
2018 ANTWERPEN
Number of staff 3
Date of establishment 16/11/1992
Telephone number 032310022
Fax number 032315623
The business was established over 22 years ago.
The business has 3 employees.
The business has changed its registered name recently.
The business has been at the address for over 11 years.
The business saw an increase in their Cash Balance of 150% during the
latest trading period.
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX
|
NET WORTH |
WORKING CAPITAL |
|
31/12/2013 |
188,523,560 |
218,936 |
22,109,776 |
24,100,948 |
|
31/12/2012 |
184,334,566 |
242,391 |
21,956,122 |
24,053,347 |
|
31/12/2011 |
244,291,653 |
278,610 |
21,772,941 |
25,399,045 |
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
56,404,083 |
3 |
20,272,144 |
344,309 |
|
31/12/2012 |
58,672,570 |
3 |
20,272,144 |
370,061 |
|
31/12/2011 |
69,924,460 |
2 |
20,272,144 |
374,772 |
|
Past payments |
|
|
Payment expectation days |
43.45 |
|
Industry average
payment expectation days |
124.39 |
|
Industry average day sales outstanding |
141.74 |
|
Day sales outstanding |
80.47 |
|
|
|
|
BANKRUPTCY DETAILS |
|||||
|
Court action type |
no |
|
|
|
|
|
PROTESTED BILLS |
|
|
|
|
|
|
Bill amount |
- |
|
|
|
|
|
NSSO DETAILS |
|
|
|
|
|
|
Date of summons - |
|||||
|
Business number |
448419023 |
|
Company name |
YAELSTAR
BVBA |
|
Fax number |
032315623 |
|
Date founded |
16/11/1992 |
|
Company status |
active |
|
Company type |
Private
Limited Company (BL/LX) |
|
Currency |
Euro (€) |
|
Date of latest accounts |
31/12/2013 |
|
Activity code |
46761 |
|
Liable for VAT |
yes |
|
Activity description |
Wholesale of diamonds and other
precious stones |
VAT Number |
BE.0448.419.023
Check VAT number |
|
|
Belgian Bullettin of Acts Publications |
|
|
|
|
Contractor details
Registered contractor
Number -
Contractor description -
Date struck off register
Personnel (NSSO classification)
Code -
Description -
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
category
Assets
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
|
|||||||||
|
Total fixed assets |
2,275,592 |
-6.27 |
2,427,860 |
-5.15 |
2,559,555 |
-3.36 |
2,648,630 |
-6.92 |
2,845,680 |
|
|
|||||||||
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Tangible fixed assets |
2,272,181 |
-6.28 |
2,424,449 |
-5.15 |
2,556,144 |
-3.37 |
2,645,219 |
-6.93 |
2,842,269 |
|
Land & building |
1,559,510 |
-1.92 |
1,589,977 |
-1.88 |
1,620,443 |
-1.85 |
1,650,909 |
-1.81 |
1,681,376 |
|
Plant & machinery |
560,178 |
-14.27 |
653,397 |
-14.87 |
767,549 |
-14.05 |
892,967 |
-13.55 |
1,032,934 |
|
Furniture & Vehicles |
152,492 |
-15.79 |
181,075 |
7.69 |
168,152 |
65.92 |
101,343 |
-20.80 |
127,959 |
|
Leasing & Other Similar
Rights - - - - - - - - - |
|||||||||
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|||||||||
|
Financial fixed assets |
3,411 |
0 |
3,411 |
0 |
3,411 |
0 |
3,411 |
0.00 |
3,411 |
|
|
|||||||||
|
Total current assets |
54,128,491 |
-3.76 |
56,244,710 |
-16.51 |
67,364,905 |
69.32 |
39,786,552 |
5.86 |
37,582,798 |
|
Inventories |
12,243,681 |
70.65 |
7,174,762 |
-18.20 |
8,771,415 |
48.60 |
5,902,850 |
-23.57 |
7,722,796 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
12,243,681 |
70.65 |
7,174,762 |
-18.20 |
8,771,415 |
48.60 |
5,902,850 |
-23.57 |
7,722,796 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
41,564,192 |
-13.82 |
48,230,846 |
-14.43 |
56,366,245 |
81.00 |
31,141,169 |
25.61 |
24,792,343 |
|
Other amounts receivable |
7,777 |
-98.92 |
716,956 |
-65.41 |
2,072,885 |
2.47 |
2,022,912 |
29.13 |
1,566,540 |
|
|
|||||||||
|
Cash |
284,388 |
150 |
113,422 |
-21.48 |
144,445 |
-79.82 |
715,635 |
-79.54 |
3,498,280 |
|
|
|
|
|
|
|
|
|
|
|
|
Miscellaneous current assets |
28,453 |
226 |
8,724 |
-12.00 |
9,914 |
148 |
3,986 |
40.36 |
2,840 |
|
|
|||||||||
|
Total Assets |
56,404,083 |
-3.87 |
58,672,570 |
-16.09 |
69,924,460 |
64.78 |
42,435,182 |
4.96 |
40,428,478 |
Liabilities
|
Total shareholders equity |
22,109,776 |
0.70 |
21,956,122 |
0.84 |
21,772,941 |
0.89 |
21,580,374 |
1.02 |
21,362,742 |
|
Issued share capital |
20,272,144 |
0 |
20,272,144 |
0 |
20,272,144 |
0 |
20,272,144 |
0.00 |
20,272,144 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Revaluation reserve |
518,503 |
0 |
518,503 |
0 |
518,503 |
0 |
518,503 |
0.00 |
518,503 |
|
|
|
|
|
|
|
|
|
|
|
|
Reserves |
1,319,129 |
13.18 |
1,165,476 |
18.65 |
982,294 |
24.38 |
789,727 |
38.04 |
572,095 |
|
Provisions for Liabilities
& Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
34,294,307 |
-6.60 |
36,716,448 |
-23.75 |
48,151,519 |
130 |
20,854,808 |
9.38 |
19,065,736 |
|
|
|
|
|
|
|
|
|
|
|
|
Other long term loans |
278,656 |
-87.41 |
2,213,257 |
411 |
432,341 |
-14.31 |
504,525 |
-12.75 |
578,252 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
3,988,108 |
72.51 |
2,311,827 |
-59.82 |
5,753,318 |
3.27 |
5,571,185 |
45.94 |
3,817,330 |
|
Total long term debts |
4,266,764 |
-5.71 |
4,525,085 |
-26.85 |
6,185,659 |
1.81 |
6,075,710 |
38.22 |
4,395,582 |
|
|
|||||||||
|
Current portion of long term
debt |
78,439 |
4.24 |
75,246 |
4.24 |
72,183 |
4.24 |
69,245 |
-17.92 |
84,358 |
|
Financial debts |
7,484,224 |
163 |
2,838,114 |
-62.43 |
7,554,490 |
303 |
1,871,241 |
865 |
193,850 |
|
Trade creditors |
22,369,357 |
-23.08 |
29,080,076 |
-15.21 |
34,298,498 |
168 |
12,780,150 |
-1.67 |
12,997,528 |
|
|
|
|
|
|
|
|
|
|
|
|
Amounts Payable for Taxes, Remuneration & Social Security |
41,733 |
-13.30 |
48,133 |
40.05 |
34,369 |
-19.77 |
42,840 |
35.61 |
31,591 |
|
|
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities
|
53,789 |
-64.09 |
149,793 |
2270 |
6,320 |
-59.55 |
15,622 |
-98.85 |
1,362,827 |
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
30,027,543 |
-6.72 |
32,191,363 |
-23.29 |
41,965,865 |
183 |
14,779,098 |
074 |
14,670,154 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
56,404,083 |
-3.87 |
58,672,570 |
-16.09 |
69,924,460 |
64.78 |
42,435,182 |
4.96 |
40,428,478 |
Ratio
Analysis
|
Profit
Before Tax |
0.12 |
-7.69 |
0.13 |
18.18 |
0.11 |
-15.38 |
0.13 |
18.18 |
0.11 |
|
Return
on capital employed |
0.83 |
-9.78 |
0.92 |
-8.00 |
1.00 |
-15.25 |
1.18 |
68.57 |
0.70 |
|
Return
on total assets employed |
0.39 |
-4.88 |
0.41 |
2.50 |
0.40 |
-48.05 |
0.77 |
71.11 |
0.45 |
|
Return
on net assets employed |
0.99 |
-10.0 |
1.10 |
-14.06 |
1.28 |
-15.79 |
1.52 |
78.82 |
0.85 |
|
Sales
/ net working capital |
7.82 |
2.09 |
7.66 |
-20.37 |
9.62 |
-1.13 |
9.73 |
41.22 |
6.89 |
|
Stock
turnover ratio |
6.49 |
66.84 |
3.89 |
8.36 |
3.59 |
47.74 |
2.43 |
-50.31 |
4.89 |
|
Creditor
days |
43.45 |
-24.79 |
57.77 |
12.39 |
51.40 |
167 |
19.23 |
-36.22 |
30.15 |
|
Debtor
days |
80.47 |
-15.74 |
95.50 |
13.39 |
84.22 |
80.27 |
46.72 |
-18.52 |
57.34 |
|
Current
ratio |
1.80 |
2.86 |
1.75 |
8.70 |
1.61 |
-40.15 |
2.69 |
5.08 |
2.56 |
|
Liquidity
ratio / acid ratio |
1.39 |
-8.55 |
1.52 |
8.57 |
1.40 |
-38.86 |
2.29 |
12.25 |
2.04 |
|
Current
debt ratio |
1.36 |
-7.48 |
1.47 |
-23.83 |
1.93 |
183 |
0.68 |
-1.45 |
0.69 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
344,309 |
-6.96 |
370,061 |
-1.26 |
374,772 |
-11.31 |
422,576 |
26.62 |
333,744 |
|
Net
worth |
22,109,776 |
0.70 |
21,956,122 |
0.84 |
21,772,941 |
0.89 |
21,580,374 |
1.02 |
21,362,742 |
|
Long Term Stability |
|
|
|
|
|
|
|
|
|
|
Gearing |
35.47 |
51.91 |
23.35 |
-36.91 |
37.01 |
226 |
11.33 |
182 |
4.01 |
|
Equity
in percentage |
39.20 |
4.76 |
37.42 |
20.17 |
31.14 |
-38.76 |
50.85 |
-3.77 |
52.84 |
|
Total
debt ratio |
1.55 |
-7.19 |
1.67 |
24.43 |
-2.21 |
127 |
0.97 |
8.99 |
0.89 |
|
Working
capital |
24,100,948 |
0.20 |
24,053,347 |
-5.30 |
25,399,045 |
1.57 |
25,007,454 |
9.14 |
22,912,644 |
|
Profits
loss |
|
|
|
|
|
|
|
|
|
|
Operating
Income |
188,605,341 |
2.27 |
184,416,035 |
-24.52 |
244,339,636 |
0.42 |
243,310,378 |
54.17 |
157,816,428 |
|
Turnover |
188,523,560 |
2.27 |
184,334,566 |
-24.54 |
244,291,653 |
0.40 |
243,308,677 |
54.18 |
157,811,437 |
|
Total
operating expenses |
187,899,734 |
2.27 |
183,725,413 |
-24.57 |
243,554,954 |
0.38 |
242,628,487 |
54.21 |
157,334,034 |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
—------------ |
|
Operating
Charges |
187,981,515 |
2.27 |
183,806,882 |
-24.55 |
243,602,938 |
0.40 |
242,630,187 |
54.21 |
157,339,025 |
|
Employee
costs |
132,926 |
26.39 |
105,175 |
3.41 |
101,706 |
-29.48 |
144,229 |
16.42 |
123,891 |
|
Wages
and salary |
101,914 |
30.62 |
78,023 |
2.92 |
75,807 |
-32.07 |
111,590 |
18.78 |
93,948 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
security contributions |
22,841 |
24.62 |
18,329 |
4.45 |
17,548 |
-22.48 |
22,637 |
2.15 |
22,160 |
|
Other
employee costs |
8,171 |
-7.39 |
8,823 |
5.66 |
8,351 |
-16.51 |
10,002 |
28.50 |
7,784 |
|
Director
remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization
and depreciation |
190,656 |
2.02 |
186,880 |
2.57 |
182,205 |
-11.10 |
204,944 |
-3.14 |
211,591 |
|
Operating
result |
623,826 |
2.41 |
609,153 |
-17.31 |
736,699 |
8.31 |
680,191 |
42.48 |
477,403 |
|
Total
financial income |
61 |
-19.40 |
76 |
-71.47 |
265 |
-91.62 |
3,162 |
-80.12 |
15,904 |
|
Total
financial expenses |
404,951 |
10.39 |
366,838 |
-19.97 |
458,354 |
28.76 |
355,963 |
14.13 |
311,891 |
|
Results on ordinary operations before taxation |
218,936 |
-9.68 |
242,391 |
-13.00 |
278,610 |
-14.90 |
327,390 |
80.46 |
181,416 |
|
Extraordinary
Income |
- |
- |
24,635 |
396 |
4,959 |
- |
- |
- |
522 |
|
Extraordinary
Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary
items |
0 |
-100 |
24,635 |
396 |
4,959 |
- |
0 |
-100 |
522 |
|
Results for the Year
Before Taxation |
218,936 |
-18.01 |
267,026 |
-5.83 |
283,568 |
-13.39 |
327,390 |
79.95 |
181,938 |
|
Other
appropriations |
- |
- |
|
- |
|
- |
|
- |
- |
|
Taxation |
65,283 |
-22.14 |
83,844 |
-7.87 |
91,002 |
-17.09 |
109,758 |
83.59 |
59,785 |
|
Results on ordinary operations after taxation |
153,653 |
-3.09 |
158,546 |
-15.49 |
187,608 |
-13.80 |
217,632 |
78.93 |
121,631 |
|
Net
result |
153,653 |
-16.12 |
183,181 |
-4.87 |
192,567 |
-11.52 |
217,632 |
78.16 |
122,153 |
|
Profit (Loss) for the Year to be
appropiated |
153,653 |
-16.12 |
183,181 |
-4.87 |
192,567 |
-11.52 |
217,632 |
78.16 |
122,153 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Social Balance Sheet Details
Social Balance Sheet Total
During the reporting year
ended 31-12-2013
Full-time Employees 3
Part-time Employees -
Total Fte Employees 3
Number of hours worked
Full-time Employees 5,229
Part-time Employees -
Total 5,229
Personnel Charges
Full-time Employees 132,926
Part-time Employees -
Total 132,926
Benefits In Addition To Wages -
During the previous reporting year
Average number employees in Fte 2
Actual working hours 3,709
Personnel Charges 105,175
Benefits In Addition To Wages -
Type of Contract Full-Time
Part-Time Total Fte
Unlimited Duration
Contracts 3 - 3
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
Secondairy education - - -
Higher education (non
university) - - -
Higher education
(university) - - -
Women Full-Time Part-Time Total Fte
Primary education 1 - 1
Secondairy education 1 - 1
Higher education (non
university) - - -
Higher education
(university) - - -
Working Category Full-Time
Part-Time Total Fte
Management - - -
White collar worker 3 - 3
Blue collar worker - - -
Other -
- -
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
industry average credit
rating 64.48
Industry average credit limit 140177.31
Suspension of payments / moratorium history
Amount -
Details -
Payment expectations
Payment expectation days 43.45
Day sales outstanding 80.47
Industry comparison
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
Industry average payment
expectation days 124.39
Industry average day sales
Outstanding 141.74
Industry quartile analysis
Payment expectations
Company result 43.45
Lower 122.66
Median 76.39
Upper 46.98
Day sales outstanding
Company result 80.47
Lower 102.84
Median 54.50
Upper 24.07
Summary
Group - Number of Companies 0
Linkages - Number of Companies 0
Number of Countries 0
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Companies that match this address
No Companies Match this address
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 MITEN
JITENDRAKUMAR SHAH
Position Principal Manager
Start Date 03/05/1999
Street 7 PALMENLAAN
ANTWERPEN
Post code 2020
Country Belgium
Name JITENDRAKUMAR
BABULAL SHAH
Position Principal Manager
Start Date 01/10/2008
Street --
Post code --
Country United Arab
Emirates
Name MITEN SHAH
Position Principal Manager
Start Date 03/05/1999
Street
Post code
Country
Former director details
Name BABULAL
JITENDRAKUMAR
Position Principal Manager
Start Date 30/09/1997
End Date Unknown date
Street FIRST FLOOR MIRA
APPARTMENT NANAVAT
Post code --
Country India
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
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.