MIRA INFORM REPORT

 

 

Report Date :

13.12.2014

 

IDENTIFICATION DETAILS

 

Name :

LOMAT INTERNATIONAL NV

 

 

Registered Office :

Henri Lebbestraat 190 8790 Waregem

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

27.12.2002

 

 

Com. Reg. No.:

479265221

 

 

Legal Form :

Public Limited Liability Company

 

 

Line of Business :

Wholesale of Chemical Products for Industrial Use

 

 

No. of Employees :

4

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Belgium

A2

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

 

Company summary

 

Business number                     479265221

Company name                        LOMAT INTERNATIONAL NV

Address                                   HENRI LEBBESTRAAT 190

8790 WAREGEM

Number of staff                        4

Date of establishment               27/12/2002

Telephone number                   056604980

Fax number                              056620411

 

 

Ultimate Holding company

 

Company name                        Company Number

MDM NV                                   438363289

 

 

Commentary

 

The business was established over 11 years ago.

The business has 5 employees.

The business is part of a group.

The business has been at the address for over 11 years.

Pre-tax profits decreased by 74% compared to the previous trading period.

The business saw a decrease in their Cash Balance of 78% during the latest trading period.

 

 

Accounts

 

DATE OF LATEST ACCOUNTS

TURNOVER

PROFIT BEFORE TAX

NET WORTH

WORKING CAPITAL

31/12/2013

35,592,438

199,046

1,268,424

1,376,858

31/12/2012

33,620,010

774,071

1,233,078

4,051,925

31/12/2011

33,911,704

261,145

1,169,017

4,423,877

Accounts

DATE OF LATEST ACCOUNTS

BALANCE TOTAL

NUMBER OF EMPLOYEES

CAPITAL

CASHFLOW

31/12/2013

16,188,395

4

525,523

200,410

31/12/2012

14,642,503

4

525,523

734,808

31/12/2011

14,079,690

4

525,523

245,385

 

 

PAYMENT EXPECTATIONS

 

Past payments

 

Payment expectation days

63.18

 

Industry average payment expectation days

63.67

Industry average day sales outstanding

198.72

 

Day sales outstanding

125.30

 

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court action type

No

 

 

 

PROTESTED BILLS

 

 

 

 

Bill amount

-

 

 

 

NSSO DETAILS

Date of summons

-

 

 

 

 

 

Company information

 

Business number

479265221

Company name

LOMAT INTERNATIONAL NV

Fax number

056620411

Date founded

27/12/2002

 

Company status

active

Company type

Public Limited Liability Company (BE)

 

Currency

Euro (€)

Date of latest accounts

31/12/2013

 

Activity code

46751

Liable for VAT

yes

 

Activity description

Wholesale of chemical

products for industrial use

VAT Number

BE.0479.265.221 Check VAT number

Belgian Bullettin of Acts Publications

moniteur belge

 

 

 

 

 

Joint Industrial Committee (JIC)

 

JIC Code

207

Description category

Joint committee for the employees off he chemical industry

 

 

Significant Events

 

Event Date                                07/06/2013

Event Description                     resignation-appointment of director(s)

Event Details                            Commentaar 01-01-2010: De algemene vergadering bekrachtigt de benoeming  als bestuurder met ingang vanaf 01/01/2010 van : Loosveldt Claudette.

 

 

Company Accounts

 

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

46,709

24.31

37,574

-78.46

174,470

20.44

144,861

-7.25

156,180

 

Intangible fixed assets

5,141

-19.93

6,421

25802

25

0

25

-0.84

25

 

Tangible fixed assets

33,931

41.23

24,025

-60.98

61,570

8.50

56,746

192

19,372

Land & building                      

-

-

-

-

-

-

-

-

-

Plant & machinery

3,923

-32.40

5,803

-25.53

7,793

352

1,722

-43.51

3,049

Furniture & Vehicles

30,008

64.68

18,222

-66.12

53,778

-2.26

55,023

237

16,323

Leasing & Other Similar Rights  

-

-

-

-

-

-

-

-

-

Other tangible assets

0

-

0

-

0

-

0

-

0

 

Financial fixed assets

7,636

7.13

7,128

-93.68

112,875

28.13

88,091

-35.60

136,783

Total current assets

16,141,686

10.52

14,604,928

5.03

13,905,220

-9.57

15,376,575

35.82

11,321,071

Inventories

2,959,101

-11.09

3,328,141

-5.63

3,526,864

22.67

2,875,083

7.79

2,667,293

Raw materials & consumables    -               -         -               -         -               -         -               - -

Work in progress

0

-

0

-

0

-

0

-

0

Finished goods

2,959,101

-11.09

3,328,141

-5.63

3,526,864

22.67

2,875,083

7.79

2,667,293

Other stocks

0

-

0

-

0

-

0

-

0

 

Trade debtors

12,218,810

37.09

8,912,915

-7.17

9,601,291

7.30

8,947,979

31.35

6,812,273

Other amounts receivable

294,199

-30.25

421,814

94.45

216,926

-21.26

275,499

58.62

173,687

 

 

 

 

 

 

 

 

 

 

Cash

363,669

-78.42

1,685,171

253

477,343

-50.15

957,518

5.47

907,856

 

Miscellaneous current assets

121,812

1004

11,025

-86.68

82,796

-51.70

171,418

-32.55

254,129

 

Total Assets

16,188,395

10.56

14,642,503

4.00

14,079,690

-9.29

15,521,436

35.24

11,477,251

 

LIABILITIES

Total shareholders equity

1,273,566

2.75

1,239,499

6.03

1,169,041

2.16

1,144,290

5.98

1,079,745

 

Issued share capital

525,523

0

525,523

0

525,523

0

525,523

0.00

525,523

Share premium account

-

-

-

-

-

-

-

-

------------

Revaluation reserve

-

-

-

-

-

-

-

-

-

Reserves

748,043

4.77

713,976

10.95

643,519

4.00

618,767

11.65

554,222

Provisions for Liabilities &

0

-

0

-

0

-

0

-

0

Charges

 

 

 

 

 

 

 

 

 

 

Deffered taxes

-

-

-

-

-

-

-

-

-

 

Creditors

14,914,829

11.28

13,403,004

3.81

12,910,649

-10.20

14,377,146

38.27

10,397,506

 

Other long term loans

150,001

-94.74

2,850,001

-16.89

3,429,306

0.51

3,411,766

0.74

3,386,766

Long term group loans

-

-

-

-

-

-

-

-

-

Other long term liabilities

0

-

0

-

0

-

0

-

0

Total long term debts

150,001

-94.74

2,850,001

-16.89

3,429,306

0.51

3,411,766

0.74

3,386,766

 

Current portion of long term debt

-

-

-

-

68,750

-8.33

75,000

0

75,000

Financial debts

8,533,105

23.80

6,892,716

3.61

6,652,620

-20.39

8,356,938

77.11

4,718,620

Trade creditors

6,015,368

105

2,924,189

43.64

2,035,829

7.94

1,886,137

32.44

1,424,162

Amounts Payable for Taxes,

40,344

-7.85

43,783

14.36

38,283

-62.62

102,420

-29.72

145,741

Remuneration & Social Security

 

 

 

 

 

 

 

 

 

Miscellaneous current liabilities

176,012

-74.58

692,316

0.94

685,860

25.87

544,886

-15.81

647,217

Total current liabilities

14,764,828

39.91

10,553,003

11.30

9,481,343

-13.53

10,965,381

56.41

7,010,740

 

Total Liabilities

16,188,395

10.56

14,642,503

4.00

14,079,690

-9.29

15,521,436

35.24

11,477,251

 

 

RATIO ANALYSIS

 

TRADING PERFORMANCE

Profit Before Tax

0.56

-75.65

2.30

198

0.77

-59.47

1.90

-33.10

2.84

 

Return on capital employed

13.98

-26.15

18.93

233

5.68

-56.74

13.13

-16.95

15.81

 

Return on total assets employed

1.23

-76.75

5.29

185

1.85

-51.95

3.85

-37.40

6.15

 

Return on net assets employed

15.63

-74.97

62.45

179

22.34

-57.28

52.29

-20.05

65.40

 

Sales / net working capital

25.85

211

8.30

8.21

7.67

7.27

7.15

24.13

5.76

Stock turnover ratio

8.31

-16.06

9.90

-4.81

10.40

14.04

9.12

-15.08

10.74

Creditor days

63.18

93.80

32.60

43.23

22.76

2.11

22.29

2.48

21.75

Debtor days

125.30

29.50

96.76

-6.37

103.34

-0.24

103.59

3.47

100.12

SHORT TERM STABILITY

 

 

 

 

 

 

 

 

 

Current ratio

1.09

-21.01

1.38

-6.12

1.47

5.00

1.40

-13.04

1.61

 

Liquidity ratio / acid ratio

0.89

-16.82

1.07

-1.83

1.09

-4.39

1.14

-7.32

1.23

 

Current debt ratio

11.59

36.19

8.51

4.93

8.11

-15.34

9.58

47.61

6.49

 

Liquidity ratio reprocessed

-

-

-

-

-

-

-

-

 

Cashflow

200,410

-72.73

734,808

199

245,385

-57.40

575,987

-15.38

680,679

 

 

 

 

 

 

 

 

 

 

Net worth

1,268,424

2.87

1,233,078

5.48

1,169,017

2.16

1,144,265

5.98

1,079,720

LONG TERM STABILITY

 

 

 

 

 

 

 

 

 

Gearing

681.79

-13.26

786.02

-9.47

868.29

-16.11

1,035.03

36.62

757.62

 

Equity in percentage

7.87

-7.08

8.47

2.05

8.30

12.62

7.37

-21.68

9.41

 

Total debt ratio

11.71

8.33

10.81

-2.08

11.04

-12.10

12.56

30.43

9.63

 

Working capital

1,376,858

-66.02

4,051,925

-8.41

4,423,877

0.29

4,411,194

2.34

4,310,331

 

 

 

PROFIT & LOSS

 

 

 

 

 

 

 

 

 

 

Operating Income

36,673,525

5.28

34,833,313

-0.63

35,055,438

7.46

32,621,999

26.52

25,783,995

Turnover

35,592,438

5.87

33,620,010

-0.86

33,911,704

7.56

31,527,898

26.95

24,835,500

Total operating expenses

34,751,615

6.13

32,744,915

0.30

32,646,584

5.70

30,885,492

29.22

23,901,769

Gross Operating Margin              

-

-

-

-

-

-

-

-

-

 

Operating Charges

35,832,702

5.52

33,958,218

0.50

33,790,317

5.66

31,979,593

28.69

24,850,264

Employee costs

346,010

-1.97

352,974

7.29

328,997

15.09

285,868

3.05

277,413

Wages and salary

259,154

-2.72

266,401

10.53

241,019

11.44

216,269

2.89

210,185

Employee pension costs             

-

-

-

-

-

-

-

-

-

Social security contributions

67,834

-5.54

71,810

7.98

66,503

12.98

58,865

5.51

55,792

Other employee costs

19,022

28.85

14,763

-31.26

21,475

100

10,734

-6.14

11,436

Director remuneration

-

-

-

-

-

-

-

-

-

Amortization and depreciation

16,344

13.89

14,351

-30.45

20,633

80.33

11,442

8.39

10,556

 

Operating result

840,823

-3.92

875,095

-30.83

1,265,121

96.93

642,406

-31.20

933,731

Total financial income

581,853

-57.35

1,364,169

20.07

1,136,152

-30.74

1,640,493

48.02

1,108,303

Total financial expenses

1,223,631

-16.49

1,465,193

-31.54

2,140,128

27.04

1,684,570

26.10

1,335,890

 

 

 

 

 

 

 

 

 

 

Results on ordinary operations before taxation

199,046

-74.29

774,071

196

261,145

-56.35

598,329

-15.27

706,143

Extraordinary Income

9,555

-

-

-

110

-

-

-

 

Extraordinary Charges

-

-

7,198

8.44

6,638

-

-

-

-

 

Extraordinary items

9,555

132

-7,198

-10.27

-6,528

-

0

-

0

 

Results for the Year Before Taxation

208,600

-72.80

766,872

201

254,617

-57.45

598,329

-15.27

706,143

Other appropriations                  

-

-

-

-

-

-

-

-

-

 

Taxation

24,534

-47.14

46,415

55.41

29,866

-11.60

33,784

-6.21

36,020

Results on ordinary operations after taxation

174,512

-76.02

727,656

214

231,279

-59.03

564,545

-15.76

670,123

 

Net result

184,067

-74.45

720,458

220

224,751

-60.19

564,545

-15.76

670,123

 

Profit (Loss) for the Year to be Appointed

184,038

-74.46

720,458

220

224,751

-60.19

564,545

-15.76

670,123

Dividend

-

-

-

-

-

-

-

-

-

 

 

Social Balance Sheet Details

 

Social Balance Sheet

Total

 

During the reporting year ended 31-12-2013

Full-time Employees

3

 

Part-time Employees

2

 

Total Fte Employees

5

 

 

Number of hours worked

Full-time Employees

5,252

 

Part-time Employees

2,816

 

Total

8,068

 

 

Personnel Charges

Full-time Employees

-

 

Part-time Employees

-

 

Total

346,010

 

Benefits In Addition To Wages

4,054

 

 

During the previous reporting year

Average number employees in Fte

5

 

Actual working hours

8,404

 

Personnel Charges

352,974

 

Benefits In Addition To Wages

4,230

 

 

 

 

 

 

---------------- s

Type of Contract

Full-Time

Part-Time

Total Fte

 

Unlimited Duration Contracts

3

2

5

 

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

2

1

3

 

Secondairy education

-

1

1

 

Higher education (non university)

-

-

-

 

Higher education (university)

-

-

-

 

 

Working Category

Full-Time

Part-Time

Total Fte

 

Management

-

-

-

 

White collar worker

3

2

5

 

Blue collar worker

-

-

-

 

Other

-

-

-

 

 

 

Industry comparison

Activity code

46751

 

 

Activity description

Wholesale of chemical products for industrial use

 

 

industry average credit rating

69

 

 

Industry average credit limit

167313.70

 

 

 

 

Payment Information

Suspension of payments / moratorium history

Amount

-

 

 

Details

-

 

 

Payment expectations

Payment expectation days

63.18

 

 

Day sales outstanding

125.30

 

 

 

 

Industry comparison

Activity code

46751

 

 

Activity description

Wholesale of chemical products for industrial use

 

 

Industry average payment expectation days

63.67

 

 

Industry average day sales outstanding

198.72

 

 

 

 

Industry quartile analysis

Payment expectations

 

 

 

Company result

 

63.18

 

Lower

 

91.62

 

Median

 

58.98

 

Upper

 

41.58

 

 

 

Day sales outstanding

Company result                        125.30

Lower                                       69.24

Median                                     43.36

Upper                                       23.35

 

 

Shareholder Details

 

Summary

Group - Number of Companies                         6

Linkages - Number of Companies                    0

Number of Countries                                        0

 

 

Group Structure

Company name

 

Number

 

Latest

financials

 

 

- MDM NV

 

438363289

 

30-06-2013

 

 

- - DT INVEST BVBA

 

426757537

 

31-12-2013

 

 

- - HELIOS 1 CVBA

 

831960288

 

31-12-2013

 

 

- - LOMAT INTERNATIONAL NV

 

479265221

 

31-12-2013

 

 

- - TMCM BUILDING BVBA

 

842865167

 

31-12-2013

 

 

- - - JML-IIG HOLDING BVBA

 

872448781

 

31-12-2013

 

 

 

Minority Shareholders

No minority shareholders found

 

Minority Interests

No minority interests found

 

 

Linked Companies

 

Summary

Group - Number of Companies                         6

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

 

 

Director details

 

Current director details

Name                                       MARC AUGUST JOAN DEWAELE

Position                                   Chairman of the Board

Start Date                                 27/12/2002

Date of birth                             17/09/1955

Street                                       68 SPARRENDREEF KNOKKE-HEIST

Post code                                 8300

Country                                    Belgium

 

Position

Managing Director

 

Start Date

06/06/2008

 

Date of birth

17/09/1955

 

Street

68 SPARRENDREEF KNOKKE-HEIST

 

Post code

8300

 

Country

Belgium

 

 

 

 

Position

Director

 

Start Date

06/06/2008

 

Date of birth

17/09/1955

 

Street

68 SPARRENDREEF KNOKKE-HEIST

 

Post code

8300

 

Country

Belgium

 

 

 

 

Position

Partner

 

Start Date

27/12/2002

 

Date of birth

17/09/1955

 

Street

68 SPARRENDREEF KNOKKE-HEIST

 

Post code

8300

 

Country

Belgium

 

 

 

 

Name

MDM NV

 

Position

Managing Director

 

Start Date

08/09/2008

 

Date of birth

29/09/1989

 

Street

190 HENRI LEBBESTRAAT WAREGEM

 

Post code

8790

 

Country

Belgium

 

 

 

 

Position

Director

 

Start Date

08/09/2008

 

Date of birth

29/09/1989

 

Street

190 HENRI LEBBESTRAAT WAREGEM

 

Post code

8790

 

Country

Belgium

 

 

 

 

Position

Legal Representative

 

Start Date

06/06/2008

 

Date of birth

29/09/1989

 

Street

190 HENRI LEBBESTRAAT WAREGEM

 

Post code

8790

 

Country

Belgium

 

 

 

 

Name

LC EST NV

 

Position

Partner

 

Start Date Date of birth Street

27/12/2002 18/06/1987

6 INDUSTRIELAAN TERNAT

 

Post code

1740

 

Country

Belgium

 

 

 

 

Name

CLAUDETTE MICHELINE GEORGETTE LOOSVELDT

 

 

Position

Managing Director

 

Start Date

06/06/2008

 

Date of birth

17/09/1955

 

Street

68 SPARRENDREEF KNOKKE-HEIST

 

Post code

8300

 

Country

Belgium

 

 

 

 

Position

Director

 

Start Date

06/06/2008

 

Date of birth

17/09/1955

 

Street

68 SPARRENDREEF KNOKKE-HEIST

 

Post code

8300

 

Country

Belgium

 

 

 

 

Position

Partner

 

Start Date

27/12/2002

 

Date of birth

17/09/1955

 

Street

68 SPARRENDREEF KNOKKE-HEIST

 

Post code

8300

 

Country

Belgium

 

 

 

 

Name

MDM NV

 

Position

Managing Director

 

Start Date

08/09/2008

 

Date of birth

29/09/1989

 

Street

190 HENRI LEBBESTRAATWAREGEM

 

Post code

8790

 

Country

Belgium

 

 

 

 

Position

Director

 

Start Date

08/09/2008

 

Date of birth

29/09/1989

 

Street

190 HENRI LEBBESTRAATWAREGEM

 

Post code

8790

 

Country

Belgium

 

 

 

 

Position

Legal Representative

 

Start Date

06/06/2008

 

Date of birth

29/09/1989

 

Street

190 HENRI LEBBESTRAATWAREGEM

 

Post code

8790

 

Country

Belgium

 

 

 

 

Name

LC EST NV

 

Position

Partner

 

Start Date

27/12/2002

 

Date of birth

18/06/1987

 

Street

6 INDUSTRIELAAN TERNAT

 

Post code

1740

 

Country

Belgium

 

 

 

 

Name

Claudette Micheline Georgette Loosveldt

 

Position

Director

 

 

Start Date

01/01/2010

 

 

Date of birth

12/01/1955

 

 

Street

68 SPARRENLAAN KNOKKE-HEIST

 

 

Post code

8300

 

 

Country

Belgium

 

 

 

 

 

 

Name

THOMAS DEWAELE

 

 

Position

Legal Representative

 

 

Start Date

02/05/2007

 

 

Street

-

 

 

Post code

-

 

 

Country

-

 

 

 

 

 

 

Former director details

 

Name

LC EST NV

 

 

Position

Managing Director

 

 

Start Date

06/06/2008

 

 

End Date

06/06/2014

 

 

Date of birth

18/06/1987

 

 

Street

6 INDUSTRIELAAN TERNAT

 

 

Post code

1740

 

 

Country

Belgium

 

 

 

 

 

 

Position

Director

 

 

Start Date

27/12/2002

 

 

End Date

Unknown date

 

 

Date of birth

18/06/1987

 

 

Street

6 INDUSTRIELAAN TERNAT

 

 

Post code

1740

 

 

Country

Belgium

 

 

 

 

 

 

Name

SOLAR BVBA

 

 

Position

Director

 

 

Start Date

08/09/2008

 

 

End Date

23/12/2013

 

 

Date of birth

01/02/2007

 

 

Street

190 HENRI LEBBESTRAATWAREGEM

 

 

Post code

8790

 

 

Country

Belgium

 

 

 

 

 

 

Position

Legal Representative

 

 

Start Date

02/05/2007

 

 

End Date

Unknown date

 

 

Date of birth

01/02/2007

 

 

Street

190 HENRI LEBBESTRAATWAREGEM

 

 

Post code

8790

 

 

Country

Belgium

 

 

 

 

 

 

Name

THOMAS MARCEL ELVIRE DEWAELE

 

 

 

Position

Director

Start Date

20/12/2007

End Date

31/12/2010

Date of birth

14/06/1986

Street

55 BROUWERIJSTRAAT WAREGEM

Post code

8790

Country

Belgium

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.44

UK Pound

1

Rs.98.15

Euro

1

Rs.77.38

 

INFORMATION DETAILS

 

Analysis Done by :

SUM

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.