|
Report Date : |
06.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
M. RAJESH EBVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-Bus 231,
2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
11.02.1994 |
|
|
|
|
Com. Reg. No.: |
452095224 |
|
|
|
|
Legal Form : |
One Person Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of Diamonds and Other Precious Stones. |
|
|
|
|
No. of Employees : |
2 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 452095224
Company name M. RAJESH EBVBA
Address HOVENIERSSTRAAT
30-BUS 231
2018 ANTWERPEN
Number of staff 2
Date of establishment 11/02/1994
Telephone number 032320122
Fax number 032327108
Company name
DAMASCUS JEWELS FZE
The business was established over 20 years ago.
The business has 1 employees.
The business is part of a group.
The business has been at the address for over 5 years.
Operating Result in the latest trading period decreased 45% on the
previous trading period.
Pre-tax profits decreased by 37% compared to the previous trading
period.
Turnover in the latest trading period decreased 33% on the previous
trading period.
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2013 |
59,949,692 |
444,759 |
5,425,176 |
5,756,121 |
|
31/12/2012 |
90,473,961 |
710,807 |
5,092,564 |
5,430,662 |
|
31/12/2011 |
70,803,580 |
526,432 |
4,584,178 |
5,068,235 |
|
DATE OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER OF
EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
18,384,541 |
2 |
4,217,250 |
378,732 |
|
31/12/2012 |
19,988,715 |
2 |
4,217,250 |
541,559 |
|
31/12/2011 |
16,728,825 |
2 |
4,217,250 |
394,263 |
|
Past
payments |
|
|
Payment
expectation days |
39.83 |
|
Industry average payment expectation days |
124.39 |
|
Industry average day sales
outstanding |
141.74 |
|
Day sales
outstanding |
71.48 |
|
|
|
|
Court
action type |
no |
|
PROTESTED
BILLS |
|
|
Bill amount |
- |
|
NSSO
DETAILS |
|
|
Date of
summons |
- |
|
Business
number |
452095224 |
|
Company
name |
M. RAJESH
EBVBA |
|
Fax number |
032327108 |
|
Date
founded |
11/02/1994 |
|
Company
status |
active |
|
Company type |
One Person Private Limited 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.0452.095.224 Check VAT number |
|
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
|
Joint Industrial
committee (JIC)
|
JIC Code |
218 |
|
Description
category |
Additional
national joint committee for the employees |
|
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 |
381,044 |
-1.25 |
385,857 |
2.91 |
374,949 |
-7.75 |
406,443 |
-5.82 |
431,575 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|||||||||
|
Tangible fixed assets |
381,044 |
-1.25 |
385,857 |
2.91 |
374,949 |
-7.75 |
406,443 |
-5.82 |
431,575 |
|
Land & building |
293,422 |
-6.50 |
313,819 |
-6.10 |
334,215 |
-5.75 |
354,612 |
-5.44 |
375,008 |
|
Plant & machinery |
2,016 |
16.22 |
1,735 |
-6.88 |
1,863 |
-44.59 |
3,362 |
-42.94 |
5,892 |
|
Furniture & Vehicles |
85,605 |
21.77 |
70,303 |
80.87 |
38,870 |
-19.80 |
48,469 |
-4.35 |
50,675 |
|
Leasing & Other Similar
Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Financial fixed assets |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|||||||||
|
Total current assets |
18,003,497 |
-8.16 |
19,602,858 |
19.87 |
16,353,876 |
42.10 |
11,508,387 |
33.52 |
8,619,409 |
|
Inventories |
6,157,681 |
36.85 |
4,499,668 |
112 |
2,116,955 |
-37.99 |
3,413,994 |
63.86 |
2,083,522 |
|
Raw materials &
consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
6,157,681 |
36.85 |
4,499,668 |
112 |
2,116,955 |
-37.99 |
3,413,994 |
63.86 |
2,083,522 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors Other amounts receivable |
11,739,923 57,669 |
-22.04 930 |
15,057,999
5,594 |
12.48 0.80 |
13,387,727
5,550 |
66.61 -84.70 |
8,035,354 36,274 |
31.07 49.73 |
6,130,479 24,227 |
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
28,196 |
-14.48 |
32,972 |
-96.06 |
837,122 |
5933 |
13,874 |
-96.28 |
373,069 |
|
Miscellaneous current assets |
20,027 |
202 |
6,625 |
1.57 |
6,522 |
-26.64 |
8,891 |
9.60 |
8,112 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
18,384,541 |
-8.03 |
19,988,715 |
19.49 |
16,728,825 |
40.40 |
11,914,830 |
31.64 |
9,050,984 |
|
Liabilities |
|||||||||
|
Total shareholders equity |
5,425,176
6.53 |
5,092,564 |
11.09 4,584,178 |
218 |
1,437,059 |
27.72 |
1,125,134 |
||
|
|
|||||||||
|
Issued share capital |
4,217,250
0 |
4,217,250 |
1 0 |
4,217,250 |
251 |
1,200,000 |
20.0 |
1,000,000 |
|
|
Share Premium accounts |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revolution Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
1,207,926 |
38.00 |
875,314 |
138 |
366,928 |
54.78 |
237,059 |
89.44 |
125,134 |
|
Provisions for
Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered
taxes |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Creditors |
12,959,365 |
-13.00 |
14,896,151 |
22.66 |
12,144,647 |
15.91 |
10,477,771 |
32.20 |
7,925,850 |
|
Other long term loans |
711,990 |
-1.65 |
723,954 |
-15.72 |
859,005 |
-66.63 |
2,573,802 |
-2.33 |
2,635,293 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term
liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
711,990 |
-1.65 |
723,954 |
-15.72 |
859,005 |
-66.63 |
2,573,802 |
-2.33 |
2,635,293 |
|
Current portion of long
term debt |
79,823 |
26.01 |
63,346 |
10.84 |
57,149 |
-6.15 |
60,896 |
-1.37 |
61,744 |
|
Financial debts |
5,437,065 |
4573 |
116,328 |
-93.44 |
1,772,389 |
14752 |
11,933 |
52.48 |
7,826 |
|
Trade creditors |
6,472,868 |
-53.14 |
13,812,387 |
48.92 |
9,274,733 |
19.82 |
7,740,386 |
51.09 |
5,122,981 |
|
Amounts Payable for
Taxes, |
249,954 |
39.84 |
178,743 |
15.74 |
154,432 |
268 |
41,860 |
-3.24 |
43,262 |
|
Remuneration &
Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current
liabilities |
7,666 |
450 |
1,393 |
-94.83 |
26,939 |
-44.90 |
48,894 |
-10.69 |
54,744 |
|
Total current
liabilities |
12,247,375 |
-13.58 |
14,172,197 |
25.58 |
11,285,642 |
42.78 |
7,903,969 |
49.40 |
5,290,557 |
|
Total Liabilities |
18,384,541 |
-8.03 |
19,988,715 |
19.49 |
16,728,825 |
40.40 |
11,914,830 |
31.64 |
9,050,984 |
Ratio Analysis
TRADING PERFORMANCE
Profit Before Tax 0.74 -6.33 0.79 6.76 0.74 117 0.34 -39.29 0.56
Return on capital employed 7.25 -40.67 12.22 26.37 9.67 144 3.96 -6.60 4.24
Return on total assets employed 2.42 -32.02 3.56 13.02 3.15 136 1.33 -24.43 1.76
Return on net assets employed 8.20 -41.26 13.96 21.60 11.48 3.80 11.06 -22.00 14.18
Sales / net working capital 10.41 -37.52 16.66 19.26 13.97 7.13 13.04 53.41 8.50
Stock turnover ratio 10.27
106 4.97 66.22 2.99 -58.82 7.26 -1.36 7.36
Creditor days 39.83 -29.45 56.46 16.20 48.59 -20.36 61.01 -8.72 66.84
Debtor days 71.48 17.66 60.75 -11.98 69.02 10.59 62.41 -21.07 79.07
SHORT TERM STABILITY
Current ratio 1.47 6.52 1.38 -4.83 1.45 -0.68 1.46 -10.43 1.63
Liquidity ratio / acid ratio 0.97 -9.35 1.07 -15.08 1.26 23.53 1.02 -17.74 1.24
Current debt ratio 2.26 -18.71 2.78 13.01 2.46 -55.27 5.50 17.02 4.70
Liquidity ratio reprocessed - - - - - - - - -
Cashflow 378,732
-30.07 541,559 37.36 394,263 174 143,750 -5.76 152,542
Net worth 5,425,176
6.53 5,092,564 11.09 4,584,178 218 1,437,059 27.72 1,125,134
LONG TERM STABILITY
Gearing 114.81 547 17.74 -69.75 58.65 -68.15 184.17 -23.39 240.40
Equity in percentage 29.51 15.82 25.48 -7.01 27.40 127 12.06 -2.98 12.43
Total debt ratio 2.39 -18.43 2.93 10.57 2.65 -63.65 7.29 3.55 7.04
Working capital 5,756,121
5.99 5,430,662 7.15 5,068,235 40.61 3,604,418 8.28 3,328,852
PROFIT & LOSS
|
Operating Income |
59,951,076 |
-33.74 |
90,484,844 |
27.80 |
70,804,470 |
50.67 |
46,994,210 |
66.06 |
28,299,183 |
|
Turnover |
59,949,692 |
-33.74 |
90,473,961 |
27.78 |
70,803,580 |
50.67 |
46,993,748 |
66.06 |
28,299,080 |
|
Total operating expenses |
59,311,215 |
-33.58 |
89,295,559 |
28.17 |
69,670,315 |
50.45 |
46,307,681 |
65.52 |
27,976,830 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|||||||||
|
Operating Charges |
59,312,599 |
-33.59 |
89,306,443 |
28.18 |
69,671,204 |
50.45 |
46,308,143 |
65.52 |
27,976,933 |
|
Employee costs |
111,954 |
2.64 |
109,070 |
24.14 |
87,861 |
88.02 |
46,729 |
11.30 |
41,986 |
|
Wages and salary |
87,939 |
5.97 |
82,984 |
28.73 |
64,465 |
75.07 |
36,823 |
27.40 |
28,903 |
|
Employee pension costs - - - - - - - - - |
|||||||||
|
Social security contributions |
18,784 |
1.58 |
18,491 |
21.29 |
15,246 |
82.08 |
8,373 |
12.27 |
7,458 |
|
Other employee costs |
5,231 |
-31.13 |
7,595 |
-6.81 |
8,150 |
431 |
1,533 |
-72.75 |
5,625 |
|
Director remuneration - - - - - - - - - |
|||||||||
|
Amortization and depreciation |
46,120 |
39.03 |
33,173 |
-0.66 |
33,394 |
4.93 |
31,826 |
-14.60 |
37,269 |
|
|
|||||||||
|
Operating result |
638,477 |
-45.82 |
1,178,401 |
3.98 |
1,133,265 |
65.18 |
686,067 |
112 |
322,250 |
|
Total financial income |
181,164 |
7424645 |
2 |
93.65 |
1 |
-79.00 |
6 |
-99 |
608 |
|
|
|||||||||
|
Total financial expenses |
374,882 |
-19.83 |
467,596 |
-22.94 |
606,834 |
15.11 |
527,185 |
222 |
163,261 |
|
|
|||||||||
|
Results on ordinary
operations before taxation |
444,759 |
-37.43 |
710,807 |
35.02 |
526,432 |
231 |
158,888 |
-0.44 |
159,597 |
|
|
|||||||||
|
Extraordinary Income |
15,803 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary Charges |
15,943 |
- |
- |
- |
- |
- |
8,653 |
- |
----------- |
|
Extraordinary items |
-140 |
- |
0 |
- |
0 |
0 |
-8,653 |
- |
0 |
|
|
|||||||||
|
Results for the Year Before
Taxation |
444,619 |
-37.45 |
710,807 |
35.02 |
526,432 |
250 |
150,235 |
-5.87 |
159,597 |
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Taxation |
112,008 |
-44.67 |
202,421 |
22.26 |
165,563 |
332 |
38,311 |
-13.57 |
44,324 |
|
Results on ordinary
operations after taxation |
332,751 |
-34.55 |
508,386 |
40.88 |
360,869 |
199 |
120,577 |
4.60 |
115,273 |
|
|
|||||||||
|
Net result |
332,611 |
-34.58 |
508,386 |
40.88 |
360,869 |
222 |
111,924 |
-2.91 |
115,273 |
|
|
|||||||||
|
Profit (Loss) for the Year to
be |
332,611 |
-34.58 |
508,386 |
40.88 |
360,869 |
222 |
111,924 |
-2.91 |
115,273 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Social Balance Sheet Total
During the reporting year
ended 31-12-2013
Full-time Employees 2
Part-time Employees 0
Total Fte Employees 2
Number of hours worked
Full-time Employees 3,511
Part-time Employees -
Total 3,511
Personnel Charges
Full-time Employees 111,954
Part-time Employees -
Total 111,954
Benefits In Addition To Wages -
During the previous reporting year
Average number employees in Fte 2
Actual working hours 3,557
Personnel Charges 109,070
Benefits In Addition To Wages
-
|
|
|||
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration Contracts |
2 |
- |
2 |
|
Limited Duration Contracts |
- |
- |
- |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding Substitution |
- |
- |
- |
Gender and Education
Level
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary
education |
- |
- |
- |
|
Secondairy education |
2 |
- |
2 |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education(university) |
- |
- |
- |
|
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
- |
- |
- |
|
Higher education
(non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
|
|
|
|
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar
worker |
2 |
- |
2 |
|
Blue collar worker |
- |
- |
- |
|
Other |
- |
- |
- |
|
|
|
|
|
|
New Staff and
Leavers |
Full-Time |
Part-Time |
Total Fte |
|
New Starters |
- |
- |
- |
|
Leavers |
- |
- |
- |
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 39.83
Day sales outstanding 71.48
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 39.83
Lower 122.66
Median 76.39
Upper 46.98
Day sales outstanding
Company result 71.48
Lower 102.84
Median 54.50
Upper 24.07
Summary
Group - Number of Companies 2
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
Summary
Group - Number of Companies 2
Linkages - Number of Companies 0
Number of Countries 0
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
Former director details
Name KISHORBHAI
SHAILESH
Position Director
Start Date 31/05/2000
End Date Unknown date
Street -
Post code -
Country -
Name MARGARETA VAN
POPPEL
Position Principal Manager
Start Date 30/09/1997
End Date Unknown date
Street OTTIGNIES-LOUVAIN-LA-NEUVE
Post code -
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.61.85 |
|
|
1 |
Rs.96.73 |
|
Euro |
1 |
Rs.76.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.