MIRA
INFORM REPORT
|
Report Date : |
06.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
DIANINE BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-B 226 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
02.03.2004 |
|
|
|
|
Reg. No.: |
863820434 |
|
|
|
|
Legal Form : |
Private Limited Company (BL/LX) |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
|
|
|
|
No. of Employees : |
1 |
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 |
REGISTERED NAME & COMPANY
SUMMARY
|
Business number |
863820434 |
|
Company name |
DIANINE BVBA |
|
Address |
HOVENIERSSTRAAT 30-B 226 |
|
|
2018 ANTWERPEN |
|
Number of staff |
1 |
|
Date of establishment |
02/03/2004 |
|
Telephone number |
032130111 |
|
Fax number |
032263854 |
DIRECTORS/MANAGEMENT
Current director details
|
Name |
|
|
Position |
Principal Manager |
|
Start Date |
11/08/2010 |
|
Date of birth |
17/01/1982 |
|
Street |
7 BELGIËLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Non Statutory Partner |
|
Start Date |
02/03/2004 |
|
Date of birth |
17/01/1982 |
|
Street |
7 BELGIËLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Principal Manager |
|
Start Date |
01/04/2010 |
|
Date of birth |
02/02/1981 |
|
Street |
7 BELGIËLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
Former director details
|
Name |
|
|
Position |
Non Statutory Partner |
|
Start Date |
02/03/2004 |
|
End Date |
31/05/2010 |
|
Street |
0 THE RESIDENCES BD T2 PHASE 1 HALLE |
|
Post code |
1501 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Principal Manager |
|
Start Date |
11/08/2010 |
|
End Date |
31/12/2011 |
|
Street |
0 THE RESIDENCES BD T2 PHASE 1 HALLE |
|
Post code |
1501 |
|
Country |
Belgium |
NEGATIVE INFORMATION
Court data summary
|
Business number |
863820434 |
Company name |
DIANINE BVBA |
|
Fax number |
032263854 |
Date founded |
02/03/2004 |
|
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.0863.820.434 |
|
Belgian Bullettin of Acts Publications |
|
|
NSSO details
|
Business
number |
863820434 |
|
Name of
defendant |
- |
|
Legal form
of defendant |
- |
|
Date of
summons |
- |
|
Labour
court |
- |
Bankruptcy details
|
There is no bankruptcy data against this company |
Court data
|
There is no data for this company |
SHARE & SHARE CAPITAL
INFORMATION
Minority
Shareholders
|
No minority shareholders found |
Minority Interests
|
No minority interests found |
Individual Shareholders
|
Shareholder Name |
|||
|
Forename |
Dharmesh |
Middle name |
- |
|
Surname |
Gandhi |
|
|
|
Shareholder Details |
|||
|
Start date |
25/05/2011(estimated) |
End date |
- |
|
Percentage owned |
- |
|
|
|
Shareholder Address |
|||
|
Street name |
Belgiëlei |
House number |
7 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2018 |
Country |
Belgium |
|
Shareholder Name |
|||
|
Forename |
Ratnesh |
Middle name |
- |
|
Surname |
Gandhi |
|
|
|
Shareholder Details |
|||
|
Start date |
25/05/2011(estimated) |
End date |
- |
|
Percentage owned |
- |
|
|
|
Shareholder Address |
|||
|
Street name |
Belgiëlei |
House number |
7 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2018 |
Country |
Belgium |
|
Shareholder Name |
|||
|
Forename |
Ramesh |
Middle name |
- |
|
Surname |
Gandhi |
|
|
|
Shareholder Details |
|||
|
Start date |
25/05/2011(estimated) |
End date |
- |
|
Percentage owned |
- |
|
|
|
Shareholder Address |
|||
|
Street name |
Belgiëlei |
House number |
7 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2018 |
Country |
Belgium |
PAYMENT INFORMATION
expectations
|
Past payments |
|
Payment
expectation days |
130.01 |
|
Industry
average payment expectation days |
167.12 |
Industry
average day sales outstanding |
121.56 |
|
Day sales outstanding |
148.37 |
||
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 |
Suspension of payments / moratorium history
|
Amount |
- |
|
Details |
- |
Payment expectations
|
Payment
expectation days |
130.01 |
|
Day sales
outstanding |
148.37 |
Industry comparison
|
Activity
code |
46761 |
|
Activity
description |
Wholesale of diamonds and other precious stones |
|
Industry
average payment expectation days |
167.12 |
|
Industry
average day sales outstanding |
121.56 |
Industry quartile analysis
|
Payment
expectations |
|
|
Company
result |
130.01 |
|
Lower |
134.36 |
|
Median |
84.93 |
|
Upper |
45.17 |
|
Day sales
outstanding |
|
|
Company
result |
148.37 |
|
Lower |
113.52 |
|
Median |
61 |
|
Upper |
28.58 |
GROUP STRUCTURE & AFFILIATED
COMPANIES
Summary
|
Group - Number of Companies |
0 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Group Structure
|
No group structure for this company. |
FINANCIAL INFORMATION
Accounts
|
Date of latest
accounts |
Turnover |
Profit Before
Tax |
Net worth |
Working capital |
|
31/12/2012 |
13,920,710 |
80,833 |
250,116 |
338,579 |
|
31/12/2011 |
13,894,725 |
30,407 |
228,624 |
504,496 |
|
31/12/2010 |
|
34,307 |
122,341 |
102,050 |
Accounts
|
Date of latest
accounts |
Balance Total |
Number of
Employees |
Capital |
Cashflow |
|
31/12/2012 |
7,735,130 |
1 |
102,600 |
45,741 |
|
31/12/2011 |
4,701,651 |
0 |
102,600 |
47,272 |
|
31/12/2010 |
3,664,119 |
0 |
18,600 |
43,114 |
Profit & loss
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
13,920,710 |
0.19 |
13,894,725 |
- |
- |
46,823,071 |
-70.27 |
|
Total operating expenses |
13,722,090 |
-1.37 |
13,912,040 |
- |
- |
46,428,758 |
-70.44 |
|
198,620 |
1147 |
-17,315 |
-117 |
100,919 |
149,320 |
33.02 |
|
|
- |
- |
95,556 |
3526 |
2,635 |
97,292 |
- |
|
|
117,787 |
146 |
47,834 |
-30.92 |
69,247 |
205,178 |
-42.59 |
|
|
80,833 |
165 |
30,407 |
-11.37 |
34,307 |
33,114 |
144 |
|
|
25,431 |
213 |
8,124 |
-20.98 |
10,281 |
21,047 |
20.83 |
|
|
55,402 |
148 |
22,282 |
-7.26 |
24,026 |
18,114 |
205 |
|
|
-33,910 |
- |
0 |
0 |
-987 |
-4,596 |
-637 |
|
|
0.00 |
- |
0.00 |
- |
0.00 |
- |
- |
|
|
21,492 |
-3.55 |
22,282 |
-3.28 |
23,039 |
13,537 |
58.77 |
|
|
other information |
|||||||
|
- |
- |
- |
- |
- |
172,177 |
- |
|
|
55,200 |
-5.05 |
58,138 |
- |
- |
114,302 |
-51.71 |
|
|
33,897 |
139 |
14,130 |
-28.13 |
19,662 |
127,621 |
-73.44 |
|
|
27,468 |
141 |
11,351 |
-29.00 |
15,987 |
107,066 |
-74.34 |
|
|
- |
- |
- |
- |
- |
14,428 |
- |
|
|
5,999 |
219 |
1,877 |
-39.33 |
3,094 |
26,956 |
-77.75 |
|
|
430 |
-52.38 |
902 |
55.47 |
580 |
4,433 |
-90.31 |
|
|
24,249 |
-2.96 |
24,989 |
24.48 |
20,075 |
17,804 |
36.20 |
|
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 |
1,582 |
-100 |
|
|
753,553 |
288 |
193,931 |
5.06 |
184,593 |
184,305 |
308 |
|
|
692,322 |
496 |
116,117 |
-3.24 |
120,010 |
357,819 |
93.48 |
|
|
5,247 |
76.80 |
2,968 |
-37.20 |
4,725 |
22,984 |
-77.17 |
|
|
55,984 |
-25.20 |
74,846 |
25.04 |
59,857 |
17,422 5,418 |
221 |
|
|
- |
- |
- |
- |
- |
142,153 32,369 |
- |
|
|
0 |
- |
0 |
- |
0 |
7,775 |
-100 |
|
|
450 |
0 |
450 |
0 |
450 |
290,933 |
-99 |
|
|
754,003 |
287 |
194,381 |
5.05 |
185,043 |
383,918 |
96.40 |
|
|
1,290,707 |
38.14 |
934,342 |
547 |
144,322 |
3,104,591 |
-58.43 |
|
|
- |
- |
- |
- |
- |
7,209,884 |
- |
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,446 |
-100 |
|
1,290,707 |
38.14 |
934,342 |
- |
0 |
1,991,469 |
-35.19 |
|
|
0 |
- |
0 |
-100 |
144,322 |
570,647 |
-100 |
|
|
5,658,709 |
63.97 |
3,450,985 |
7.43 |
3,212,328 |
4,197,502 |
34.81 |
|
|
Cash |
27,783 |
-75.74 |
114,530 |
-0.31 |
114,882 |
226,005 |
-87.71 |
|
3,929 |
-47.00 |
7,413 |
-1.74 |
7,544 |
183,916 |
-97.86 |
|
|
0 |
- |
0 |
- |
0 |
17,918 |
-100 |
|
|
6,981,127 |
54.89 |
4,507,270 |
29.55 |
3,479,076 |
7,252,540 |
-3.74 |
|
|
7,735,130 |
64.52 |
4,701,651 |
28.32 |
3,664,119 |
7,605,072 1,453,566 |
1.71 |
|
|
current liabilities |
|||||||
|
4,887,853 |
52.48 |
3,205,613 |
24.06 |
2,583,990 |
3,073,569 |
59.03 |
|
|
- |
- |
- |
- |
- |
- |
- |
|
|
1,067,067 |
844 |
113,004 |
- |
- |
4,258,483 192,320 |
-74.94 |
|
|
44,745 |
108 |
21,448 |
0.85 |
21,268 |
108,183 15,032 |
-58.64 |
|
|
24,049 |
108 |
11,514 |
-7.24 |
12,412 |
9,445 - |
-29.47 |
|
|
618,834 |
-4.97 |
651,194 |
-14.24 |
759,356 |
105 |
- - |
|
|
6,642,548 |
65.95 |
4,002,774 |
18.53 |
3,377,026 |
5,383,936 |
23.38 |
|
|
Long term debts and liabilities |
|||||||
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long term loans |
842,466 |
79.15 |
470,253 |
185 |
164,751 |
-23.81 |
- - |
|
Deffered taxes |
- |
- |
- |
- |
- |
37,626 26,358 |
- |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,174 0 |
-100 |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
130,834 |
-100 |
|
842,466 |
79.15 |
470,253 |
185 |
164,751 |
566,199 |
48.79 |
|
|
shareholders equity |
|||||||
|
102,600 |
0 |
102,600 |
451 |
18,600 |
904,365 |
-88.66 |
|
|
- |
- |
- |
- |
- |
109,362 |
- |
|
|
147,516 |
17.05 |
126,024 |
21.48 |
103,741 |
706,508 |
-79.12 |
|
|
- |
- |
- |
- |
- |
968,672 |
- |
|
|
Total shareholders equity |
250,116 |
9.40 |
228,624 |
86.87 |
122,341 |
1,640,963 |
-84.76 |
|
338,579 |
-32.89 |
504,496 |
394 |
102,050 |
1,868,604 |
-81.88 |
|
|
45,741 |
-3.24 |
47,272 |
9.64 |
43,114 |
28,206 |
62.17 |
|
|
250,116 |
9.40 |
228,624 |
86.87 |
122,341 |
1,637,691 |
-84.73 |
|
Ratio analysis
|
Annual accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average |
% |
|
Trading performance |
|||||||
|
Profit Before Tax |
0.58 |
163 |
0.22 |
- |
- |
-26,00 |
2.23 |
|
7.40 |
70.11 |
4.35 |
-63.60 |
11.95 |
29,00 |
-74.48 |
|
|
1.05 |
61.54 |
0.65 |
-30.85 |
0.94 |
-205,00 |
0.51 |
|
|
32.32 |
143 |
13.30 |
-52.57 |
28.04 |
19,00 |
70.11 |
|
|
41.12 |
49.31 |
27.54 |
- |
- |
45,00 |
-99 |
|
|
9.27 |
37.95 |
6.72 |
- |
- |
112,00 |
-91.72 |
|
|
148.37 |
63.67 |
90.65 |
- |
- |
134,00 |
10.72 |
|
|
130.01 |
54.59 |
84.10 |
- |
- |
123,00 |
5.70 |
|
|
short term stability |
|||||||
|
1.05 |
-7.08 |
1.13 |
9.71 |
1.03 |
7,00 |
-88.33 |
|
|
0.86 |
-3.37 |
0.89 |
-10.10 |
0.99 |
4,00 |
-78.50 |
|
|
26.56 |
51.68 |
17.51 |
-36.56 |
27.60 |
9,00 |
195 |
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
|
|
long term stability |
|||||||
|
781.35 |
195 |
264.50 |
73.96 |
152.05 |
366,00 |
113 |
|
|
3.23 |
-33.54 |
4.86 |
45.51 |
3.34 |
-3.274,00 |
0.10 |
|
|
29.93 |
52.94 |
19.57 |
-32.40 |
28.95 |
11,00 |
172 |
|
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
Social Balance Sheet Details
|
Social Balance Sheet |
Total |
|
During the reporting year |
|
|
Full-time Employees |
1 |
|
Part-time Employees |
0 |
|
Total Fte Employees |
1 |
|
|
|
|
Number of hours worked |
|
|
Full-time Employees |
1,357 |
|
Part-time Employees |
164 |
|
Total |
1,521 |
|
|
|
|
Personnel Charges |
|
|
Full-time Employees |
30,241 |
|
Part-time Employees |
3,656 |
|
Total |
33,897 |
|
Benefits In Addition To Wages |
- |
|
|
|
|
During the previous reporting year |
|
|
Average number employees in Fte |
0 |
|
Actual working hours |
564 |
|
Personnel Charges |
14,130 |
|
Benefits In Addition To Wages |
- |
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration Contracts |
1 |
- |
1 |
|
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 |
- |
- |
- |
|
Secondairy education |
1 |
- |
1 |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
1 |
- |
1 |
|
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 |
|
Leavers |
- |
1 |
0 |
|
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 |
FROM 1 TO 4 EMPLOYEES |
Joint Industrial Committee (JIC)
|
JIC Code |
218 |
|
Description |
Additional national joint committee for the employees |
|
category |
|
|
JIC Code |
324 |
|
Description |
Joint committee for the industry and the trade in diamant |
|
category |
|
Significant Events
|
Event Date |
12/05/2011 |
|
Event Description |
|
|
Event Details |
Op de kapitaalverhoging wordt volledig ingeschreven in geld door :
Gandi Dharmesh, Gandhi Ratnesh en Gandhi Ramesh. |
Companies that match this address
|
no Companies Match this address |
NOTES & COMMENTS
Commentary
|
The business was established over 9 years ago. |
|
|
The business has 1 employees. |
|
|
The business has been at the address for over 5 years. |
|
|
The credit rating for this business has increased from 75 to 80. |
|
|
The credit limit for this business has increased from €420000 to
€445000. |
|
|
A 64% growth in Total Assets occurred during the latest trading
period. |
|
|
Pre-tax profits increased by 165% compared to the previous trading
period. |
|
|
The business saw a decrease in their Cash Balance of 75% during the
latest trading period. |
|
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.62.41 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.85.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.