|
Report Date : |
03.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
JAYVIDIAM NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-Bus 178, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
12.12.1991 |
|
|
|
|
Com. Reg. No.: |
445908208 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and
other precious stones |
|
|
|
|
No of Employees : |
Not Available |
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 445908208
Company name JAYVIDIAM NV
Address HOVENIERSSTRAAT
30-BUS 178
2018 ANTWERPEN
Number of staff 0
Date of establishment 12/12/1991
Telephone number 032320595
Fax number 032320595
The business was established over 22 years ago.
No employees are recorded for this business.
The business has been at the address for over 9 years.
Net Worth increased by 205% during the latest trading period.
A 55% growth in Total Assets occurred during the latest trading period.
Pre-tax profits increased by 72% compared to the previous trading period.
The business saw an increase in their Cash Balance of 555% during the
latest trading period.
Turnover in the latest trading period increased 28% on the previous
trading period.
|
ACCOUNTS |
||||
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2013 |
39,383,047 |
115,297 |
3,987,369 |
3,699,329 |
|
31/12/2012 |
30,531,893 |
67,030 |
1,303,505 |
997,480 |
|
31/12/2011 |
21,862,881 |
41,496 |
1,255,785 |
958,167 |
|
|
|
|
|
|
|
ACCOUNTS |
||||
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
14,195,336 |
0 |
3,625,500 |
108,549 |
|
31/12/2012 |
9,145,053 |
0 |
61,973 |
64,587 |
|
31/12/2011 |
6,959,312 |
0 |
61,973 |
48,145 |
|
Payment
expectations |
||||
|
Past
payments |
|
Payment expectation days |
51.15 |
|
|
Industry average payment expectation days |
124.39 |
Industry average day sales outstanding |
141.74 |
|
|
Day
sales outstanding |
118.08 |
|
|
|
|
Court
data summary |
||||
|
BANKRUPTCY
DETAILS |
||||
|
Court
action type |
no |
|
|
|
|
PROTESTED
BILLS |
||||
|
Bill
amount |
||||
|
NSSO
DETAILS |
||||
|
Date
of summons |
-- |
|
|
|
|
Business number |
445908208 |
|
Company name |
JAYVIDIAM
NV |
|
|
Fax number |
032320595 |
|
Date founded |
12/12/1991 |
|
|
Company status |
active |
|
Company type |
Public Limited Liability
Company (BE) |
|
|
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.0445.908.208
Check VAT number |
||
|
Belgian Bullettin of Acts
Publications |
moniteur
belge |
|
|
|
|
SIGNIFICANT EVENTS
Event Date 26/06/2013
Event Description
Event Details De 306 nieuwe
aandelen worden als volgt toegekend: Tejani Gitaben 32 aandelen, Tejani Vishal
66 aandelen en Vishal Manishkumar 208 aandelen.
|
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 |
288,040 |
-8.17 |
313,675 |
-4.43 |
328,222 |
7.92 |
304,124 |
-4.26 |
317,650 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|||||||||
|
Tangible fixed assets |
287,778 |
-8.26 |
313,675 |
-4.43 |
328,222 |
7.92 |
304,124 |
-4.26 |
317,650 |
|
Land & building |
258,036 |
-6.57 |
276,186 |
-1.86 |
281,426 |
-4.04 |
293,265 |
-3.50 |
303,905 |
|
Plant & machinery |
1,610 |
-48.11 |
3,103 |
-31.28 |
4,515 |
-23.82 |
5,926 |
-19.25 |
7,339 |
|
Furniture & Vehicles |
28,132 |
-18.19 |
34,386 |
-18.67 |
42,282 |
757 |
4,933 |
-22.99 |
6,406 |
|
Leasing & Other Similar
Rights - - - - - - - - - |
|||||||||
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|||||||||
|
Financial fixed assets |
262 |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
13,907,296 |
57.48 |
8,831,378 |
33.18 |
6,631,090 |
48.03 |
4,479,515 |
15.73 |
3,870,518 |
|
Inventories |
810,712 |
13.26 |
715,802 |
77.55 |
403,150 |
357 |
88,173 |
-49.42 |
174,322 |
|
Raw materials &
consumables - - - - - - - - - |
|||||||||
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
810,712 |
13.26 |
715,802 |
77.55 |
403,150 |
357 |
88,173 |
-49.42 |
174,322 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Trade debtors |
12,740,549 |
58.24 |
8,051,252 |
151 |
3,198,650 |
-16.92 |
3,850,062 |
81.90 |
2,116,566 |
|
Other amounts receivable |
- |
- |
9,779 |
348 |
2,181 |
-34.90 |
3,350 |
79.43 |
1,867 |
|
Cash |
356,035 |
555 |
54,355 |
-98.20 |
3,027,109 |
462 |
537,930 |
-65.91 |
1,577,763 |
|
Miscellaneous current assets |
0 |
-100 |
189 |
- |
0 |
- |
0 |
- |
0 |
|
Total Assets |
14,195,336 |
55.22 |
9,145,053 |
31.41 |
6,959,312 |
45.48 |
4,783,639 |
14.22 |
4,188,168 |
Total shareholders equity 3,987,369 205
1,303,505 3.80
1,255,785 2.65 1,223,389 1.86 1,201,037
Issued share capital 3,625,500 5750 61,973
0 61,973
0.00 61,973
0 61,973
Share premium account
- -
- - - - - - -
Revaluation reserve
- - - - - - - - -
Reserves 361,869 -70.85
1,241,532 4.00 1,193,812 2.79
1,161,416 1.96 1,139,064
Provisions for Liabilities
& Charges 0
- 0
- 0 - 0 - 0
Deffered taxes -
- - - - - - - -
Creditors 10,207,967 30.18 7,841,547
37.49 5,703,527 60.20
3,560,250 19.19 2,987,131
Other long term loans - - 7,650 -75.00 30,604 -42.86 53,557
-30.00 76,511
Long term group loans - - - - - - - - -
Other long term liabilities -
- - - - - - - -
Total long term debts 0 -100 7,650 -75.00 30,604 -42.86 53,557
-30.00 76,511
Current portion of long
term debt 7,663
-66.62 22,954 0 22,954 0.00 22,954
0 22,954
Financial debts 4,451,104 79.90 2,474, 246 110 1,172,838
25.46 934,838 -4.86
982,607
Trade creditors 5,476,743 80.58 3,032,941
42.63 2,126,384 185 743,735 466
131,268
Amounts Payable for Taxes,
Remuneration & Social Security
23,825 20.54
19,765 38.56 14,265 178 5,120 725 620
Miscellaneous current liabilities 248,632 -89.11
2,283,992 -2.25 2,336,483 29.80
1,800,046 1.52 1,773,171
Total current liabilities 10,207,967
30.31 7,833,897 38.09
5,672,923 61.77 3,506,693 20.48 2,910,620
Total Liabilities 14,195,336
55.22 9,145,053 31.41
6,959,312 45.48 4,783,639 14.22 4,
188,168
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.29 |
31.82 |
0.22 |
15.79 |
0.19 |
-5.00 |
0.20 |
-4.76 |
0.21 |
|
Return on capital employed |
2.89 |
-43.44 |
5.11 |
58.20 |
3.23 |
53.81 |
2.10 |
238 |
0.62 |
|
Return on total assets
employed |
0.81 |
10.96 |
0.73 |
21.67 |
0.60 |
7.14 |
0.56 |
194 |
0.19 |
|
Return on net assets
employed |
2.89 |
4.77 |
5.14 |
55.76 |
3.30 |
50.68 |
2.19 |
231 |
0.66 |
|
Sales / net working capital |
10.65 |
-65.21 |
30.61 |
34.14 |
22.82 |
68.04 |
13.58 |
253 |
3.84 |
|
Stock turnover ratio |
2.06 |
-11.97 |
2.34 |
27.17 |
1.84 |
174 |
0.67 |
-85.84 |
4.73 |
|
Creditor days |
51.15 |
39.87 |
36.57 |
2.29 |
35.75 |
73.29 |
20.63 |
56.76 |
13.16 |
|
Debtor days |
118.08 |
22.68 |
96.25 |
80.24 |
53.40 |
-49.78 |
106.34 |
-49.25 |
209.54 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.36 |
20.35 |
1.13 |
-3.42 |
1.17 |
-8.59 |
1.28 |
3.76 |
1.33 |
|
Liquidity ratio / acid ratio |
1.28 |
23.08 |
1.04 |
-5.45 |
1.10 |
-12.00 |
1.25 |
-1.57 |
1.27 |
|
Current debt ratio |
2.56 |
-57.40 |
6.01 |
32.96 |
4.52 |
57.49 |
2.87 |
18.60 |
2.42 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
108,549 |
68.07 |
64,587 |
34.15 |
48,145 |
32.25 |
36,406 |
62.40 |
22,417 |
|
Networth |
3,987,369 |
205 |
1,303,505 |
3.80 |
1,255,785 |
2.65 |
1,223,389 |
1.86 |
1,201,037 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
90.09 |
|
Gearing |
111.82 |
-41.81 |
192,16 |
96.76 |
97.66 |
18.13 |
82.67 |
-8.24 |
28.68 |
|
Equity in percentage |
28.09 |
97.12 |
14.25 |
-21.01 |
18.04 |
-29.45 |
25.57 |
-10.84 |
2.49 |
|
Total debt ratio |
2.56 |
-57.48 |
6.02 |
32.60 |
4.54 |
56.01 |
2.91 |
16.87 |
959,898 |
|
Working capital |
3,699,329 |
270 |
997,480 |
4.10 |
958,167 |
-1.51 |
972.822 |
1.35 |
|
Operating Income 39,383,047
28.99 30,531,893 39.65 21,862,881 65.43 13,215,461 258 3,686,864
Turnover 39,383,047
28.99 30,531,893 39.65 21,862,881 65.43 13,215,461 258 3,686,864
Total operating expenses 39,084,748 29.12 30,269,273 39.44 21,707,546 64.95 13,160,157 261
3,639,850
Gross Operating Margin - - - -
- - - - -
Operating Charges 39,084,748
29.12 30,269,273 39.44 21,707,546 64.95 13,160,157 261 3,639,850
Employee costs -
- - - - -
- - -
Wages and salary -
- - - - -
- - -
Employee pension costs - - - -
- - - - -
Social security contributions - -
- - - - - - -
|
Other employee costs |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Director remuneration |
69,810 |
5.44 |
66,208 |
-4.03 |
68,986 |
-0.09 |
69,048 |
- |
- |
|
Amortization and depreciation |
17,296 |
2.55 |
16,867 |
7.10 |
15,749 |
12.06 |
14,054 |
-3.93 |
14,629 |
|
|
|||||||||
|
Operating result |
298,299 |
13.59 |
262,620 |
69.07 |
155,334 |
180 |
55,304 |
17.63 |
47,014 |
|
Total financial income |
63 |
164 |
24 |
6343 |
0 |
-99 |
141 |
-96.23 |
3,745 |
|
Total financial expenses |
183,065 |
-6.42 |
195,614 |
71.83 |
113,839 |
298 |
28,593 |
-33.33 |
42,889 |
|
Results on ordinary operations before taxation |
115,297 |
72.01 |
67,030 |
61.53 |
41,496 |
54.54 |
26,852 |
|
7,870 |
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|||||||||
|
Results for the Year Before Taxation |
115,297 |
72.01 |
67,030 |
61.53 |
41,496 |
54.54 |
26,852 |
241 |
7,870 |
|
|
|||||||||
|
Other appropriations |
- |
|
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
24,044 |
24.52 |
19,310 |
112 |
9,100 |
102 |
4,500 |
5387 |
82 |
|
Results on ordinary operations after taxation |
91,253 |
91.23 |
47,720 |
47.30 |
32,396 |
44.94 |
22,352 |
187 |
7,788 |
|
|
|||||||||
|
Net result |
91,253 |
91.23 |
47,720 |
47.30 |
32,396 |
44.94 |
22,352 |
187 |
7,788 |
|
|
|||||||||
|
Profit (Loss) for the Year to be appropriated |
91,253 |
91.23 |
47,720 |
47.30 |
32,396 |
44.94 |
22,352 |
187 |
7,788 |
|
Dividend |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Industry comparison
|
||
|
Activity code |
46761 |
|
|
Activity description |
Wholesale of diamonds and
other precious stones |
|
|
industry average credit rating |
64.48 |
|
|
Industry average credit limit |
140177.31 |
|
|
|
|
|
Payment Information
|
|
|
|
Payment expectations |
||
|
Payment expectation days |
51.15 |
|
|
Day sales outstanding |
118.08 |
|
|
|
|
|
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 |
|
PAYMENT EXPECTATIONS
Company result 51.15
Lower 122.66
Median 76.39
Upper 46.98
Company result 118.08
Lower 102.84
Median 54.50
Upper 24.07
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
|
Forename |
Vishal |
Middle name |
- |
|
|
Surname |
Tejani |
|
|
|
|
SHAREHOLDER DETAILS |
||||
|
Start date |
16/07/2013(estimated) |
End date |
- |
|
|
Percentage
owned SHAREHOLDER ADDRESS |
- |
|
|
|
|
Street name |
Quinten Matsijslei |
House
number |
19 |
|
|
Minor town |
- |
Postal town |
Antwerpen |
|
|
Post code |
2018 |
Country |
Belgium |
|
|
SHAREHOLDER NAME |
||||
|
Forename |
Gitaben |
Middle name |
- |
|
|
Surname SHAREHOLDER DETAILS |
Tejani |
|
|
|
|
Start date |
16/07/2013(estimated) |
End date |
- |
|
|
Percentage
owned -SHAREHOLDER ADDRESS |
||||
|
Street name |
Quinten Matsijslei |
House
number |
19 |
|
|
Minor town |
- |
Postal town |
Antwerpen |
|
|
Post code |
2018 |
Country |
Belgium |
|
|
SHAREHOLDER NAME |
||||
|
Forename |
Manishkumar |
Middle name |
- |
|
|
Surname |
Vishal |
|
|
|
|
SHAREHOLDER DETAILS |
||||
|
Start date
Percentage owned SHAREHOLDER ADDRESS |
16/07/2013(estimated) |
End date |
|
|
|
Street name |
- |
House
number |
- |
|
|
Minor town |
- |
Postal town |
- |
|
|
Post code |
- |
Country |
- |
|
|
Companies that 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
Director details
|
||
|
CURRENT DIRECTOR DETAILS |
||
|
Name |
GITABEN GHANSHAM TEJANI |
|
|
Position |
Managing Director |
|
|
Start Date |
13/08/2002 |
|
|
Street |
19 QUINTEN MATSIJSLEI ANTWERPEN |
|
|
Post code |
2018 |
|
|
Country |
Belgium |
|
|
|
|
|
|
Position |
Director |
|
|
Start Date |
05/06/1996 |
|
|
Street |
19 QUINTEN MATSIJSLEI ANTWERPEN |
|
|
Post code |
2018 |
|
|
Country |
Belgium |
|
|
|
|
|
|
Name |
|
|
|
Position |
Director |
|
|
Start Date |
01/07/2002 |
|
|
Street |
19 QUINTEN MATSIJSLEI ANTWERPEN |
|
|
Post code |
2018 |
|
|
Country |
Belgium |
|
|
|
|
|
|
FORMER DIRECTOR DETAILS |
||
|
Name |
MANISHKUMAR TEJANI |
|
|
Position |
Director |
|
|
Start Date |
30/03/1998 |
|
|
End Date |
Unknown date |
|
|
Street |
||
|
Post code |
||
|
Country |
||
|
|
||
|
Name |
RAJEN SURESH PARIKH |
|
|
Position |
Principal Manager |
|
|
Start Date |
31/08/1997 |
|
|
End Date |
Unknown date |
|
|
Street |
26 BEUKENLAAN ANTWERPEN |
|
|
Post code |
2020 |
|
|
Country |
Belgium |
|
|
|
|
|
|
Position |
Director |
|
|
Start Date |
31/08/1997 |
|
|
End Date |
Unknown date |
|
|
Street |
26 BEUKENLAAN ANTWERPEN |
|
|
Post code |
2020 |
|
|
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.61.93 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
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.