MIRA INFORM REPORT
|
Report Date : |
22.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
TRAU BROS NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 53 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
06.10.1992 |
|
|
|
|
Legal Form : |
Public
Limited Liability Company |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALE OF DIAMONDS AND OTHER
PRECIOUS STONES |
|
|
|
|
No. of Employees : |
06 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 and address
Business number 448349341
Company name TRAU BROS NV
Address HOVENIERSSTRAAT
53
2018 ANTWERPEN
Number of staff 6
Date of establishment 06/10/1992
Telephone number 032313049
Fax number 032335766
COMMENTARY
|
The
business was established over 21 years ago. |
|
|
The
business has 5 employees. |
|
|
The
business has been at the address for over 10 years. |
|
|
A
22% growth in Total Assets occurred during the latest trading period. |
|
|
Pre-tax
profits decreased by 46% compared to the previous trading period. |
|
|
The
business saw a decrease in their Cash Balance of 66% during the latest
trading period. |
|
ACCOUNT
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2012 |
137,024,911 |
231,766 |
15,807,038 |
11,339,544 |
|
31/12/2011 |
154,171,568 |
434,823 |
15,883,531 |
11,358,319 |
|
31/12/2010 |
110,692,117 |
374,200 |
14,959,002 |
11,046,483 |
ACCOUNT
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
72,732,465 |
6 |
10,231,650 |
277,885 |
|
31/12/2011 |
59,421,140 |
5 |
10,434,150 |
490,121 |
|
31/12/2010 |
54,634,601 |
6 |
10,103,400 |
428,815 |
Payment
expectations
Past payments Payment
expectation days 34.04
Industry average payment
expectation days 167.34 Industry average day sales
outstanding 121.35
Day sales outstanding 116.99
Payment expectations
|
Past
payments |
|
Payment
expectation days |
34.04 |
|
Industry
average payment |
167.34 |
Industry
average day sales |
121.35 |
|
expectation
days |
|
outstanding |
|
|
Day
sales outstanding |
116.99 |
||
|
Court
data summary |
|||
|
BANKRUPTCY
DETAILS |
|||
|
Court
action type |
no |
||
COMPANY
INFORMATION
|
Business
number |
448349341 |
Company
name |
TRAU
BROS NV |
|
Fax
number |
032335766 |
Date
founded |
06/10/1992 |
|
Company
status |
active |
Company
type |
Public
Limited Liability Company (BE) |
|
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.0448.349.341 |
|
Belgian
Bullettin of Acts Publications |
moniteur
belge |
|
|
|
Social
Balance Sheet |
Total |
|
During
the reporting year ended 31-12-2012 |
|
|
Full-time
Employees |
4 |
|
Part-time
Employees |
4 |
|
Total
Fte Employees |
7 |
|
|
|
|
Number
of hours worked |
|
|
Full-time
Employees |
6,863 |
|
Part-time
Employees |
4,262 |
|
Total |
11,125 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
147,615 |
|
Part-time
Employees |
92,258 |
|
Total |
239,872 |
|
Benefits
In Addition To Wages |
- |
|
|
|
|
During
the previous reporting year |
|
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited
Duration Contracts |
4 |
4 |
7 |
|
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 |
4 |
1 |
5 |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
- |
- |
- |
|
Secondairy
education |
- |
3 |
2 |
|
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 |
2 |
4 |
5 |
|
|
|||
|
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 |
|
Leavers |
- |
- |
- |
Personel
nsso
|
Code |
- |
|
Description |
FROM 5 TO
9 EMPLOYEES |
|
Joint
Industrial Committee (JIC) |
|
|
JIC Code |
218 |
|
Description |
Additional
national joint committee for the employees |
|
category |
|
|
Significant
Events |
|
|
Event Date |
21/12/2011 |
|
Event
Description |
|
|
Event
Details |
De
buitengewone algemene vergadering heet besloten om alle bestaande aandelen
aan toonder, om te zetten in aandelen op naam of in gedematerialiseerde
aandelen. |
Profit
and loss
|
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry
average 2012 |
% |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
137,024,911 |
-11.12 |
154,171,568 |
39.28 |
110,692,117 |
46,632,531 |
193 |
|
|
|
Total
operating expenses |
135,311,070 |
-11.22 |
152,411,036 |
39.46 |
109,286,058 |
46,240,618 |
192 |
|
|
Operating
result |
1,713,841 |
-2.65 |
1,760,532 |
25.21 |
1,406,059 |
147,817 |
1059 |
|
|
Total
financial income |
5,358 |
116 |
2,476 |
13.16 |
2,188 |
97,084 |
-94.48 |
|
|
Total
financial expenses |
1,487,433 |
11.99 |
1,328,184 |
28.45 |
1,034,046 |
203,915 |
629 |
|
|
Results
on ordinary operations before taxation |
231,766 |
-46.70 |
434,823 |
16.20 |
374,200 |
32,736 |
607 |
|
|
Taxation |
- |
- |
- |
- |
- |
20,918 |
- |
|
|
Results
on ordinary operations after taxation |
231,766 |
-46.70 |
434,823 |
16.20 |
374,200 |
17,844 |
1198 |
|
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
-4,553 |
0 |
|
|
Other
appropriations |
0 |
- |
0 |
- |
0 |
- |
- |
|
|
Net
result |
231,766 |
-46.70 |
434,823 |
16.20 |
374,200 |
13,309 |
1641 |
|
|
OTHER
INFORMATION |
|||||||
|
|
Dividends |
- |
- |
- |
- |
- |
172,177 |
- |
|
|
Director
remuneration |
136,603 |
8.87 |
125,476 |
- |
- |
114,302 |
19.51 |
|
|
Employee
costs |
239,872 |
-3.85 |
249,467 |
19.46 |
208,835 |
126,646 |
89.40 |
|
|
Wages
and salary |
192,739 |
-3.91 |
200,578 |
18.09 |
169,858 |
106,139 |
81.59 |
|
|
Employee
pension costs |
- |
- |
- |
- |
- |
14,428 |
- |
|
|
Social
security contributions |
42,852 |
-3.22 |
44,280 |
26.28 |
35,066 |
26,753 |
60.18 |
|
|
Other
employee costs |
4,282 |
-7.09 |
4,609 |
17.82 |
3,912 |
4,402 |
-2.73 |
|
|
Amortization
and depreciation |
46,119 |
-16.60 |
55,298 |
1.25 |
54,615 |
17,955 |
156 |
|
|
back
to top |
|||||||
Balancesheet
|
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry
average 2012 |
% |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
1,570 |
-100 |
|
|
Tangible
fixed assets |
987,702 |
-6.32 |
1,054,283 |
3.87 |
1,014,988 |
184,414 |
435 |
|
|
Land
& building |
933,622 |
-3.09 |
963,437 |
1.89 |
945,520 |
359,608 |
159 |
|
|
Plant
& machinery |
31,802 |
30.81 |
45,962 |
228 |
14,000 |
22,793 |
39.53 |
|
|
Furniture
& Vehicles |
22,278 |
50.37 |
44,884 |
19.08 |
55,467 |
17,438
5,418 |
27.76 |
|
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
- |
142,153
32,369 |
- |
|
|
Other
tangible assets |
0 |
- |
0 |
-100 |
1 |
7,711 |
-100 |
|
|
Financial
fixed assets |
11,151,177 |
47.22 |
7,574,636 |
7.11 |
7,071,974 |
294,763 |
3683 |
|
|
Total
fixed assets |
12,138,880 |
40.68 |
8,628,919 |
6.70 |
8,086,962 |
387,230 |
3034 |
|
|
Inventories |
14,460,459 |
-2.75 |
14,868,899 |
2.39 |
14,521,149 |
3,092,433 |
367 |
|
|
Raw
materials & consumables |
2,551,667 |
-4.94 |
2,684,381 |
6.57 |
2,519,002 |
7,209,884 |
64.61 |
|
|
Work
in progress |
0 |
- |
0 |
- |
0 |
2,426 |
-100 |
|
|
Finished
goods |
11,908,792 |
-2.26 |
12,184,517 |
1.52 |
12,002,147 |
1,981,611 |
500 |
|
|
Other
stocks |
0 |
-100 |
1 |
- |
0 |
574,617 |
-100 |
|
|
Trade
debtors |
43,919,216 |
31.57 |
33,380,393 |
6.40 |
31,371,578 |
4,172,397 |
952 |
|
|
Cash |
470,537 |
66.16 |
1,390,602 |
123 |
621,821 |
226,713 |
107 |
|
|
other
amounts receivable |
7,226 |
36.52 |
11,384 |
7.02 |
10,637 |
184,589 |
96.09 |
|
|
Miscellaneous
current assets |
1,736,147 |
52.17 |
1,140,943 |
4981 |
22,454 |
17,803 |
9651 |
|
Total
current assets |
60,593,585 |
19.30 |
50,792,221 |
9.12 |
46,547,639 |
7,222,269 |
738 |
|
|
|
Total
Assets |
72,732,465 |
22.40 |
59,421,140 |
8.76 |
54,634,601 |
7,577,514
1,453,566 |
859 |
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
Trade
creditors |
12,618,647 |
63.58 |
7,714,166 |
43.00 |
13,534,346 |
3,066,773 |
311 |
|
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
|
Financial
debts |
36,080,827 |
15.47 |
31,247,199 |
44.77 |
21,583,301 |
4,242,556
192,320 |
750 |
|
|
Current
portion of long term debt |
167,260 |
3.98 |
160,862 |
-7.62 |
174,134 |
108,079
15,346 |
54.76 |
|
|
Amounts
Payable for Taxes, Remuneration & Social Security |
60,323 |
52.59 |
39,534 |
84.63 |
21,412 |
9,423
- |
77.93 |
|
|
Miscellaneous
current liabilities |
326,984 |
20.15 |
272,141 |
44.78 |
187,963 |
9.13 |
-
- |
|
|
Total
current liabilities |
49,254,041 |
24.90 |
39,433,902 |
11.08 |
35,501,156 |
5,360,460 |
818 |
|
LONG
TERM DEBTS AND LIABILITIES |
||||||||
|
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
-
- |
|
|
Other
long term loans |
850,286 |
15.99 |
1,012,107 |
14.29 |
1,180,843 |
-22.67 |
-
- |
|
|
Deffered
taxes |
- |
- |
- |
- |
- |
37,626
26,358 |
- |
|
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,220
0 |
-100 |
|
|
Other
long term liabilities |
6,821,100 |
120 |
3,091,600 |
3.27 |
2,993,600 |
129,765 |
5156 |
|
|
Total
long term debts |
7,671,386 |
86.94 |
4,103,707 |
-1.69 |
4,174,443 |
562,577 |
1263 |
|
SHAREHOLDERS
EQUITY |
||||||||
|
|
Issued
share capital |
10,231,650 |
-1.94 |
10,434,150 |
3.27 |
10,103,400 |
911,094 |
1023 |
|
Reserves |
2,540,105 |
7.90 |
2,354,025 |
26.67 |
1,858,365 |
699,735 |
263 |
|
Revaluation
reserve |
3,035,283 |
-1.94 |
3,095,356 |
3.27 |
2,997,237 |
968,672 |
213 |
|
Total
shareholders equity |
15,807,038 |
-0.48 |
15,883,531 |
6.18 |
14,959,002 |
1,640,673 |
863 |
|
Working
capital |
11,339,544 |
-0.17 |
11,358,319 |
2.82 |
11,046,483 |
1,861,809 |
509 |
|
Cashflow |
277,885 |
43.30 |
490,121 |
14.30 |
428,815 |
28,110 |
888 |
|
Net
worth |
15,807,038 |
-0.48 |
15,883,531 |
6.18 |
14,959,002 |
1,637,427 |
865 |
|
back
to top |
|||||||
ratio
|
|
Annual
accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry
average 2012 |
% |
|
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.17 |
-39.29 |
0.28 |
-17.65 |
0.34 |
-26,00 |
0.65 |
|
|
Return
on capital employed |
0.99 |
-54.59 |
2.18 |
11.22 |
1.96 |
29,00 |
-96.59 |
|
|
Return
on total assets employed |
0.32 |
-56.16 |
0.73 |
7.35 |
0.68 |
-203,00 |
0.16 |
|
|
Return
on net assets employed |
1.47 |
-46.35 |
2.74 |
9.60 |
2.50 |
19,00 |
-92.26 |
|
|
Sales
/ net working capital |
12.08 |
-10.98 |
13.57 |
35.43 |
10.02 |
45,00 |
-99 |
|
|
Stock
turnover ratio |
10.55 |
9.44 |
9.64 |
-26.52 |
13.12 |
111,00 |
-90.50 |
|
|
Debtor
days |
116.99 |
48.03 |
79.03 |
-23.61 |
103.45 |
133,00 |
-12.04 |
|
|
Creditor
days |
34.04 |
84.30 |
18.47 |
-59.14 |
45.20 |
122,00 |
-72.10 |
|
SHORT
TERM STABILITY |
||||||||
|
|
Current
ratio |
1.23 |
-4.65 |
1.29 |
-1.53 |
1.31 |
7,00 |
-86.33 |
|
|
Liquidity
ratio / acid ratio |
0.94 |
3.30 |
0.91 |
1.11 |
0.90 |
4,00 |
-76.50 |
|
|
Current
debt ratio |
3.12 |
25.81 |
2.48 |
4.64 |
2.37 |
9,00 |
-65.33 |
|
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
|
LONG
TERM STABILITY |
|||||||
|
|
Gearing |
234.70 |
14.99 |
204.11 |
33.11 |
153.34 |
363,00 |
-35.34 |
|
|
Equity
in percentage |
21.73 |
-18.71 |
26.73 |
-2.37 |
27.38 |
-3.247,00 |
0.67 |
|
|
Total
debt ratio |
3.60 |
31.39 |
2.74 |
3.40 |
2.65 |
11,00 |
-67.27 |
Summary
|
Amount |
- |
|
Details |
- |
|
Payment
expectations |
|
|
Payment
expectation days |
34.04 |
|
Day
sales outstanding |
116.99 |
|
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 |
34.04 |
|
Lower |
134.58 |
|
Median |
84.93 |
|
Upper |
45.17 |
|
Day
sales outstanding |
|
|
Company
result |
116.99 |
|
Lower |
112.48 |
|
Median |
58.70 |
|
Upper |
28.11 |
|
Group
- Number of Companies |
0 |
|
Linkages
- Number of Companies |
0 |
|
Number
of Countries |
0 |
Group Structure
No
group structure for this company.
Minority
No minority shareholders found
Bankruptcy details
There is no bankruptcy data against this company
court data
there is no data for this company
Current director
details
Mandates
in other companies |
|
|
Name |
Edu
NV |
|
Business
number |
463281797 |
|
Position |
Legal
Representative |
|
Start
Date |
17/02/2011 |
|
|
|
|
Name |
Edu
NV |
|
Business
number |
463281797 |
|
Position |
Director |
|
Start
Date |
17/02/2011 |
|
End
Date |
30/11/2016 |
|
|
|
|
Name |
Fashion
Principles NV |
|
Business
number |
525646265 |
|
Position |
Legal
Representative |
|
Start
Date |
28/03/2013 |
|
|
|
|
Name |
Fashion
Principles NV |
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.62.16 |
|
|
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.