MIRA INFORM REPORT
|
Report Date : |
20.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
GENESIS DIAMONDS BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 2, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
02.04.1991 |
|
|
|
|
Com. Reg. No.: |
443767872 |
|
|
|
|
Legal Form : |
Private Limited Company (BL/LX) |
|
|
|
|
Line of Business : |
Wholesaler of diamonds and other precious stones |
|
|
|
|
No. of Employees : |
02 (31.12.2012) |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Belgium |
A1 |
A1 |
|
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 2011 Belgian
GDP grew by 1.8%, the unemployment rate decreased slightly to 7.2% from 8.3%
the previous year, and the government reduced the budget deficit from a peak of
6% of GDP in 2009 to 4.2% in 2011 and 3.3% in 2012. Fourth quarter GDP growth
in 2012 was at -0.1%, the third consecutive quarter of negative growth. This
brought economic growth for the whole of 2012 to negative 0.2%. It also left
Belgium on the brink of a possible recession at the end of 2012. However, at
year's end, the government appeared close to meeting its 2012 budget deficit goal
of 3% of GDP. 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
name & address
|
Business
number |
443767872 |
|
Company
name |
GENESIS DIAMONDS BVBA |
|
Address |
HOVENIERSSTRAAT 2 |
|
2018 ANTWERPEN |
|
|
Number
of staff |
02 (31.12.2012) |
|
Date
of establishment |
02/04/1991 |
|
Telephone
number |
032343160 |
|
Fax
number |
32343184 |
Ultimate
holding company
|
Company name |
|
Company Number |
|
Genesis Diamonds BVBA |
|
443767872 |
Commentary
|
The business was established over 22 years ago. |
|
|
The business has 2 employees. |
|
|
The business is part of a group. |
|
|
This business has a foreign parent business. |
|
|
The business has been at the address for over 22 years. |
|
|
Operating Result in the latest trading period decreased 25% on the
previous trading period. |
|
|
Pre-tax profits decreased by 25% compared to the previous trading
period. |
|
|
The business saw a decrease in their Cash Balance of 22% during the
latest trading period. |
|
|
Turnover in the latest trading period decreased 37% on the previous
trading period. |
|
Accounts
|
Date of latest
accounts |
Turnover |
Profit Before
Tax |
Net worth |
Working capital |
|
31/12/2012 |
79,688,871 |
253,432 |
3,930,273 |
8,542,188 |
|
31/12/2011 |
127,502,349 |
338,139 |
3,762,951 |
8,508,115 |
|
31/12/2010 |
76,382,657 |
190,610 |
3,540,216 |
4,213,114 |
Accounts
|
Date of latest
accounts |
Balance Total |
Number of
Employees |
Capital |
Cashflow |
|
31/12/2012 |
36,604,110 |
2 |
2,649,160 |
214,654 |
|
31/12/2011 |
34,724,679 |
2 |
2,649,160 |
269,178 |
|
31/12/2010 |
28,836,586 |
2 |
2,649,160 |
171,829 |
Trends
|
|
|||
|
|
|||
|
|
Payment
expectations
|
Past payments |
Payment expectation days |
91.96 |
|
|
Industry average payment expectation days |
167.34 |
Industry average day sales outstanding |
121.35 |
|
Day sales
outstanding |
79.06 |
||
Court
data summary
|
Bankruptcy
details |
||||
|
Court action
type |
no |
|||
|
Protested bills |
||||
|
Bill amount |
- |
|||
|
NSSO details |
||||
|
Date of summons |
- |
|||
|
Business number |
443767872 |
Company name |
GENESIS DIAMONDS BVBA |
|
|
Fax number |
32343184 |
Date founded |
02/04/1991 |
|
|
Company status |
active |
Company type |
Private Limited Company (BL/LX) |
|
|
Currency |
Euro (€) |
Date of latest
accounts |
31/12/2012 |
|
|
Activity code |
46761 |
liable for VAT |
yes |
|
|
Activity
description |
Wholesale of diamonds and other precious
stones |
VAT Number |
BE.0443.767.872 |
|
|
Belgian
Bullettin of Acts Publications |
||||
Social
Balance Sheet Details
|
Social Balance
Sheet |
Total |
|||
|
During the
reporting year |
||||
|
Full-time
Employees |
2 |
|||
|
Part-time
Employees |
1 |
|||
|
Total Fte
Employees |
2 |
|||
|
|
||||
|
Number of hours
worked |
||||
|
Full-time
Employees |
3,462 |
|||
|
Part-time
Employees |
652 |
|||
|
Total |
4,114 |
|||
|
|
||||
|
Personnel
Charges |
||||
|
Full-time
Employees |
70,878 |
|||
|
Part-time
Employees |
9,282 |
|||
|
Total |
80,160 |
|||
|
Benefits In
Addition To Wages |
- |
|||
|
|
||||
|
During the
previous reporting year |
||||
|
Average number
employees in Fte |
2 |
|||
|
Actual working
hours |
3,683 |
|||
|
Personnel
Charges |
80,160 |
|||
|
Benefits In
Addition To Wages |
- |
|||
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited
Duration Contracts |
2 |
1 |
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 |
- |
- |
- |
|||
|
Higher education
(non university) |
- |
- |
- |
|||
|
Higher education
(university) |
- |
- |
- |
|||
|
Women |
Full-Time |
Part-Time |
Total Fte |
|||
|
Primary
education |
1 |
- |
1 |
|||
|
Secondairy
education |
1 |
1 |
1 |
|||
|
Higher education
(non university) |
- |
- |
- |
|||
|
Higher education
(university) |
- |
- |
- |
|||
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|||
|
Management |
- |
- |
- |
|||
|
White collar
worker |
2 |
1 |
2 |
|||
|
Blue collar
worker |
- |
- |
- |
|||
|
Other |
- |
- |
- |
|||
|
Temporary
personnel |
Total |
|||
|
Average number
of temporary staff |
- |
|||
|
Actual working
hours |
- |
|||
|
Cost of
temporary staff |
- |
|||
|
New staff and
leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New Starters |
1 |
1 |
1 |
|
|
Leavers |
1 |
1 |
1 |
|
|
Total of formal
continuing vocational training initiatives for workers paid by the employer |
Male |
Female |
|
Number of
employees |
- |
- |
|
Number of
training hours |
- |
- |
|
Net costs for enterprise |
- |
- |
|
Total of less
formal and informal continuing vocational training initiatives for workers
paid by the employer |
Male |
Female |
|
Number of
employees |
- |
- |
|
Number of
training hours |
- |
- |
|
Net costs for
enterprise |
- |
- |
|
Total of initial
training initiatives at the expense of the employer |
Male |
Female |
|
Number of
employees |
- |
- |
|
Number of
training hours |
- |
- |
|
Net costs for
enterprise |
- |
- |
Personnel
(NSSO classification)
|
Code |
- |
|
Description |
02 EMPLOYEES |
Joint Industrial
Committee
(JIC)
|
JIC Code |
218 |
|
Description |
Additional national joint committee for the employees |
|
category |
|
JIC Code |
324.02 |
|
Description |
JSC small merchandisers in the diamant industry and trade |
|
category |
|
comparison mode |
|||
|
Export accounts to CSV file |
Profit
& loss
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
79,688,871 |
-37.50 |
127,502,349 |
66.93 |
76,382,657 |
46,632,531 |
70.89 |
|
Total operating expenses |
79,061,144 |
-37.58 |
126,661,764 |
67.06 |
75,816,020 |
46,240,618 |
70.98 |
|
627,727 |
-25.32 |
840,585 |
48.35 |
566,637 |
147,817 |
324 |
|
|
9,291 |
38.87 |
6,690 |
2454 |
262 |
97,084 |
-90.43 |
|
|
383,585 |
-24.66 |
509,136 |
35.30 |
376,289 |
203,915 |
88.11 |
|
|
253,432 |
-25.05 |
338,139 |
77.40 |
190,610 |
32,736 |
674 |
|
|
87,858 |
-24.28 |
116,032 |
80.53 |
64,274 |
20,918 |
320 |
|
|
165,574 |
-25.45 |
222,107 |
75.81 |
126,336 |
17,844 |
827 |
|
|
1,120 |
- |
0 |
- |
0 |
-4,553 |
24.59 |
|
|
628.51 |
0 |
628.51 |
0 |
628.51 |
- |
- |
|
|
167,322 |
-24.88 |
222,735 |
75.43 |
126,965 |
13,309 |
1157 |
|
|
other
information |
|||||||
|
- |
- |
- |
- |
- |
172,177 |
- |
|
|
133,040 |
- |
- |
- |
- |
114,302 |
16.39 |
|
|
80,160 |
8.41 |
73,941 |
17.72 |
62,813 |
126,646 |
-36.71 |
|
|
62,966 |
9.03 |
57,748 |
20.72 |
47,838 |
106,139 |
-40.68 |
|
|
- |
- |
- |
- |
- |
14,428 |
- |
|
|
12,364 |
6.48 |
11,612 |
30.58 |
8,892 |
26,753 |
-53.78 |
|
|
4,830 |
5.46 |
4,580 |
-24.70 |
6,082 |
4,402 |
9.73 |
|
|
47,331 |
1.91 |
46,443 |
3.52 |
44,865 |
17,955 |
163 |
|
balance
sheet
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
0 |
- |
0 |
- |
0 |
1,570 |
-100 |
|
|
994,503 |
-3.81 |
1,033,870 |
-2.35 |
1,058,747 |
184,414 |
439 |
|
|
902,866 |
-1.15 |
913,392 |
-1.14 |
923,917 |
359,608 |
151 |
|
|
68,942 |
-25.75 |
92,852 |
-19.51 |
115,359 |
22,793 |
202 |
|
|
22,694 |
-17.85 |
27,627 |
41.88 |
19,472 |
17,438 5,418 |
30.14 |
|
|
- |
- |
- |
- |
- |
142,15332,369 |
- |
|
|
0 |
- |
0 |
- |
0 |
7,711 |
-100 |
|
|
1,792 |
-9.59 |
1,982 |
1.00 |
1,963 |
294,763 |
-99 |
|
|
996,295 |
-3.82 |
1,035,853 |
-2.34 |
1,060,710 |
387,230 |
157 |
|
|
17,783,696 |
13.18 |
15,712,613 |
20.78 |
13,009,658 |
3,092,433 |
475 |
|
|
- |
- |
- |
- |
- |
7,209,884 |
- |
|
|
Work
in progress |
0 |
- |
0 |
- |
0 |
2,426 |
-100 |
|
17,783,696 |
13.18 |
15,712,613 |
20.78 |
13,009,658 |
1,981,611 |
797 |
|
|
0 |
- |
0 |
- |
0 |
574,617 |
-100 |
|
|
17,260,739 |
0.02 |
17,258,045 |
17.59 |
14,675,838 |
4,172,397 |
313 |
|
|
Cash |
529,912 |
-22.42 |
683,012 |
961 |
64,351 |
226,713 |
133 |
|
9,909 |
-23.64 |
12,978 |
37.68 |
9,426 |
184,589 |
-94.63 |
|
|
23,559 |
6.23 |
22,179 |
33.59 |
16,602 |
17,803 |
32.33 |
|
|
35,607,815 |
5.70 |
33,688,826 |
21.29 |
27,775,876 |
7,222,269 |
393 |
|
|
36,604,110 |
5.41 |
34,724,679 |
20.42 |
28,836,586 |
7,577,5141,453,566 |
383 |
|
|
current
liabilities |
|||||||
|
19,919,045 |
-7.58 |
21,552,640 |
20.18 |
17,934,084 |
3,066,773 |
549 |
|
|
- |
- |
- |
- |
- |
- |
- |
|
|
6,783,533 |
107 |
3,273,143 |
-36.08 |
5,121,012 |
4,242,556192,320 |
59.89 |
|
|
63,168 |
6.04 |
59,571 |
5.94 |
56,233 |
108,07915,346 |
-41.55 |
|
|
98,877 |
8.60 |
91,045 |
43.02 |
63,660 |
9,423 - |
191 |
|
|
201,005 |
-1.62 |
204,312 |
-47.31 |
387,772 |
-32.92 |
- - |
|
|
27,065,627 |
7.49 |
25,180,712 |
6.87 |
23,562,762 |
5,360,460 |
404 |
|
|
Long term debts
and liabilities |
|||||||
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long term loans |
5,592,549 |
-2.99 |
5,764,728 |
235 |
1,716,691 |
408 |
- - |
|
Deffered taxes |
15,660 |
-3.86 |
16,289 |
-3.72 |
16,917 |
37,62626,358 |
-58.38 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,220 0 |
-100 |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
129,765 |
-100 |
|
5,608,209 |
-2.99 |
5,781,016 |
233 |
1,733,608 |
562,577 |
896 |
|
|
shareholders
equity |
|||||||
|
2,649,160 |
0 |
2,649,160 |
0 |
2,649,160 |
911,094 |
190 |
|
|
- |
- |
- |
- |
- |
109,362 |
- |
|
|
756,278 |
28.41 |
588,955 |
60.82 |
366,220 |
699,735 |
8.08 |
|
|
524,835 |
0 |
524,835 |
0 |
524,835 |
968,672 |
-45.82 |
|
|
Total shareholders equity |
3,930,273 |
4.45 |
3,762,951 |
6.29 |
3,540,216 |
1,640,673 |
139 |
|
8,542,188 |
0.40 |
8,508,115 |
101 |
4,213,114 |
1,861,809 |
358 |
|
|
214,654 |
-20.26 |
269,178 |
56.65 |
171,829 |
28,110 |
663 |
|
|
3,930,273 |
4.45 |
3,762,951 |
6.29 |
3,540,216 |
1,637,427 |
140 |
|
ratio
analysis
|
Annual accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average |
% |
|
Trading
performance |
|||||||
|
Profit Before Tax |
0.32 |
18.52 |
0.27 |
8.00 |
0.25 |
-26,00 |
1.23 |
|
2.66 |
-24.86 |
3.54 |
-1.94 |
3.61 |
29,00 |
-90.83 |
|
|
0.69 |
-28.87 |
0.97 |
46.97 |
0.66 |
-203,00 |
0.34 |
|
|
6.45 |
-28.25 |
8.99 |
67.10 |
5.38 |
19,00 |
-66.05 |
|
|
9.33 |
-37.76 |
14.99 |
-17.32 |
18.13 |
45,00 |
-99 |
|
|
22.32 |
81.17 |
12.32 |
-27.66 |
17.03 |
111,00 |
-79.89 |
|
|
79.06 |
60.04 |
49.40 |
-29.56 |
70.13 |
133,00 |
-40.56 |
|
|
91.96 |
48.06 |
62.11 |
-28.06 |
86.34 |
122,00 |
-24.62 |
|
|
short term
stability |
|||||||
|
1.32 |
-1.49 |
1.34 |
13.56 |
1.18 |
7,00 |
-85.33 |
|
|
0.66 |
-7.04 |
0.71 |
12.70 |
0.63 |
4,00 |
-83.50 |
|
|
6.89 |
2.99 |
6.69 |
0.45 |
6.66 |
9,00 |
-23.44 |
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
|
|
long term
stability |
|||||||
|
316.50 |
30.91 |
241.76 |
24.15 |
194.73 |
363,00 |
-12.81 |
|
|
10.74 |
-0.92 |
10.84 |
-11.73 |
12.28 |
-3.247,00 |
0.33 |
|
|
8.31 |
0.97 |
8.23 |
15.10 |
7.15 |
11,00 |
-24.45 |
|
Industry
comparison
Payment
expectations
|
Payment expectation days |
91.96 |
|
Day sales outstanding |
79.06 |
Industry
comparison
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other precious stones |
|
Industry average payment expectation days |
167.34 |
|
Industry average day sales outstanding |
121.35 |
Industry quartile
analysis
|
Payment expectations |
|
|
Company result |
91.96 |
|
Lower |
134.58 |
|
Median |
84.93 |
|
Upper |
45.17 |
|
Day sales outstanding |
|
|
Company result |
79.06 |
|
Lower |
112.48 |
|
Median |
58.70 |
|
Upper |
28.11 |
Summary
|
Group - Number
of Companies |
2 |
|
Linkages -
Number of Companies |
0 |
|
Number of
Countries |
0 |
Group
Structure
|
Company name |
Number |
Latest |
|
|
- GENESIS DIAMONDS BVBA |
443767872 |
31-12-2012 |
|
|
- - FACET INTERNATIONAL |
Minority
Shareholders
No minority shareholders found
Minority
Interests
No minority interests found
NSSO
details
|
Business number |
443767872 |
Bankruptcy
details
|
There is no bankruptcy data against this company |
court
data
there is no data for this company
Current
director details
|
Name |
|
|
Position |
Principal Manager |
|
Start Date |
09/08/2010 |
|
Street |
3 DE LANNOYLEI BRASSCHAAT |
|
Post code |
2930 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Principal Manager |
|
Start Date |
09/08/2010 |
|
Street |
24 VAN EYCKLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Principal Manager |
|
Start Date |
09/08/2010 |
|
Street |
24 VAN EYCKLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
Former
director details
|
Name |
|
|
Position |
Principal Manager |
|
Start Date |
14/01/2000 |
|
End Date |
- |
|
Street |
25 BELGIËLEI ANTWERPEN |
|
Post code |
2018 |
|
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.62.12 |
|
UK Pound |
1 |
Rs.103.93 |
|
Euro |
1 |
Rs.85.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.