MIRA
INFORM REPORT
|
Report Date : |
11.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ACIERS GROSJEAN SA |
|
|
|
|
Registered Office : |
Rue De Zone 23
6032 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
14.06.1989 |
|
|
|
|
Com. Reg. No.: |
437574423 |
|
|
|
|
Legal Form : |
Public Limited
Liability Company |
|
|
|
|
Line of Business : |
Wholesale of
metals and metal ores |
|
|
|
|
No. of Employees : |
29 |
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 |
437574423 |
|
Company name |
ACIERS GROSJEAN SA |
|
Address |
RUE DE ZONE 23 |
|
|
6032 CHARLEROI |
|
Number of staff |
29 |
|
Date of
establishment |
14/06/1989 |
|
Telephone number |
071243859 |
|
Fax number |
071243859 |
Company summary
|
Business number |
437574423 |
Company name |
ACIERS GROSJEAN SA |
|
Fax number |
071243859 |
Date founded |
14/06/1989 |
|
Company status |
active |
Company type |
Public Limited
Liability Company (BE) |
|
Currency |
Euro (€) |
Date of latest
accounts |
31/12/2012 |
|
Activity code |
46720 |
liable for VAT |
yes |
|
Activity
description |
Wholesale of
metals and metal ores |
VAT Number |
BE.0437.574.423 |
|
Belgian Bullettin
of Acts Publications |
|
|
DIRECTORS/MANAGEMENT
Current director
details
|
Name |
|
|
Position |
Director |
|
Start Date |
17/12/2001 |
|
Date of birth |
13/01/1984 |
|
Street |
25 RIVAGE DE
BOUBIER CHÂTELET |
|
Post code |
6200 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start Date |
30/06/2005 |
|
Date of birth |
26/10/2004 |
|
Street |
25 RIVAGE DE
BOUBIER CHÂTELET |
|
Post code |
6200 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start Date |
07/06/2011 |
|
End Date |
03/06/2014 |
|
Street |
6 AVENUE DES
ECUREUILS MONTIGNY-LE-TILLEUL |
|
Post code |
6110 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Managing Director |
|
Start Date |
24/10/2011 |
|
Street |
25 AVENUE DES
FAISANS MONTIGNY-LE-TILLEUL |
|
Post code |
6110 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start Date |
07/06/2011 |
|
Street |
25 AVENUE DES
FAISANS MONTIGNY-LE-TILLEUL |
|
Post code |
6110 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Legal
Representative |
|
Start Date |
01/06/2010 |
|
Date of birth |
30/04/1959 |
|
Street |
6 ALLÉE DES
ECUREUILS GERPINNES |
|
Post code |
6280 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Chairman of the
Board |
|
Start Date |
24/06/2008 |
|
Date of birth |
30/04/1959 |
|
Street |
6 ALLÉE DES
ECUREUILS GERPINNES |
|
Post code |
6280 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start Date |
04/12/2007 |
|
Date of birth |
30/04/1959 |
|
Street |
6 ALLÉE DES
ECUREUILS GERPINNES |
|
Post code |
6280 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Managing Director |
|
Start Date |
04/12/2007 |
|
Date of birth |
30/04/1959 |
|
Street |
6 ALLÉE DES
ECUREUILS GERPINNES |
|
Post code |
6280 |
|
Country |
Belgium |
|
|
|
former director details
|
Name |
|
|
Position |
Director |
|
Start Date |
26/04/1999 |
|
End Date |
- |
|
Street |
100 CHEMIN
D'OULTRE-HEURE HAM-SUR-HEURE-NALINNES |
|
Post code |
6120 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start Date |
29/06/2007 |
|
End Date |
04/06/2013 |
|
Date of birth |
10/07/1983 |
|
Street |
6 AVENUE DES
ECUREUILS MONTIGNY-LE-TILLEUL |
|
Post code |
6110 |
|
Country |
Belgium |
NEGATIVE INFORMATION
../../SCARLET_BACK-UPREPORTSservicescompany_searchcourt_data.aspx?CompanyNumber=437574423Court
data summary
|
Bankruptcy details |
|
|
Court action type |
no |
|
Protested bills |
|
|
Bill amount |
- |
|
NSSO details |
|
|
Date of summons |
- |
Contractor details
Check
Article 30 Bis
|
Registered
contractor number |
- |
||
|
Contractor
description |
- |
||
|
Date struck off
register |
|
|
|
Personnel (NSSO classification)
|
Code |
- |
|
Description |
FROM 20 TO 49
EMPLOYEES |
Joint Industrial
Committee (JIC)
|
JIC Code |
149.04 |
|
Description |
Joint subcommittee
for the trade in metals |
|
category |
|
|
JIC Code |
218 |
|
Description |
Additional national
joint committee for the employees |
|
category |
|
Significant Events
|
Event Date |
28/12/2011 |
|
Event Description |
|
|
Event Details |
Conversion des
actions au porteur en actions nominatives. |
NSSO details
|
Business number |
437574423 |
|
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
|
Business number |
Company name |
|
|
% |
Rating |
Limit |
Date of accounts |
|
|
|
0.16 |
77 |
€16.000 |
31/12/2012 |
Minority Interests
|
No minority
interests found |
Individual
Shareholders
|
Shareholder Name |
|||
|
Forename |
Philippe |
Middle name |
- |
|
Surname |
Grosjean |
|
|
|
Shareholder
Details |
|||
|
Start date |
11/04/1997(estimated) |
End date |
- |
|
Percentage owned |
93% |
|
|
|
Shareholder
Address |
|||
|
Street name |
Avenue des
Ecureuils |
House number |
6 |
|
Minor town |
- |
Postal town |
Montigny-le-Tilleul |
|
Post code |
6110 |
Country |
Belgium |
PAYMENT INFORMATION
expectations
|
Past payments |
|
Payment
expectation days |
59.97 |
|
Industry average
payment expectation days |
46.72 |
Industry average
day sales outstanding |
69.22 |
|
Day sales
outstanding |
54.27 |
||
Industry
comparison
Suspension of
payments / moratorium history
|
Amount |
- |
|
Details |
- |
Payment expectations
|
Payment
expectation days |
59.97 |
|
Day sales
outstanding |
54.27 |
Industry
comparison
|
Activity code |
46720 |
|
Activity
description |
Wholesale of
metals and metal ores |
|
Industry average
payment expectation days |
46.72 |
|
Industry average
day sales outstanding |
69.22 |
Industry quartile
analysis
|
Payment
expectations |
|
|
Company result |
59.97 |
|
Lower |
82.15 |
|
Median |
61.10 |
|
Upper |
34.75 |
|
Day sales
outstanding |
|
|
Company result |
54.27 |
|
Lower |
59.87 |
|
Median |
35.23 |
|
Upper |
17.80 |
GROUP STRUCTURE & AFFILIATED
COMPANIES
company
|
|
Company name |
|
Company Number |
View linked
companies from outside this company's group structure |
|
|
- |
|
- |
No linked
companies have been found. |
Summary
|
Group - Number of
Companies |
0 |
|
Linkages - Number
of Companies |
0 |
|
Number of
Countries |
0 |
Group Structure
|
Click the company
to view / order a report. |
|
No group structure
for this company. |
FINANCIAL INFORMATION
|
Date of latest
accounts |
Turnover |
Profit Before Tax |
Net worth |
Working capital |
|
31/12/2012 |
18,636,610 |
396,894 |
3,260,559 |
497,203 |
|
31/12/2011 |
21,547,032 |
69,547 |
3,359,664 |
348,057 |
|
31/12/2010 |
18,201,280 |
29,007 |
3,375,748 |
207,465 |
|
Date of latest
accounts |
Balance Total |
Number of
Employees |
Capital |
Cashflow |
|
31/12/2012 |
13,385,662 |
29 |
511,000 |
139,567 |
|
31/12/2011 |
13,047,859 |
27 |
511,000 |
325,407 |
|
31/12/2010 |
11,002,687 |
26 |
511,000 |
317,010 |
Social Balance Sheet Details
|
Social Balance
Sheet |
Total |
|
During the
reporting year |
|
|
Full-time
Employees |
27 |
|
Part-time
Employees |
3 |
|
Total Fte
Employees |
28 |
|
|
|
|
Number of hours
worked |
|
|
Full-time
Employees |
43,769 |
|
Part-time
Employees |
1,746 |
|
Total |
45,515 |
|
|
|
|
Personnel Charges |
|
|
Full-time
Employees |
1,482,004 |
|
Part-time
Employees |
59,119 |
|
Total |
1,541,123 |
|
Benefits In
Addition To Wages |
32,134 |
|
|
|
|
During the
previous reporting year |
|
|
Average number
employees in Fte |
25 |
|
Actual working
hours |
39,934 |
|
Personnel Charges |
1,358,531 |
|
Benefits In
Addition To Wages |
22,015 |
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration
Contracts |
25 |
3 |
26 |
|
Limited Duration
Contracts |
3 |
- |
3 |
|
Contracts For
Specific Work |
- |
- |
- |
|
Contracts
Regarding Substitution |
- |
- |
- |
|
Gender and
Education Level |
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
3 |
- |
3 |
|
Secondairy
education |
18 |
- |
18 |
|
Higher education
(non university) |
2 |
1 |
2 |
|
Higher education
(university) |
1 |
- |
1 |
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
1 |
0 |
|
Secondairy
education |
1 |
1 |
1 |
|
Higher education
(non university) |
3 |
- |
3 |
|
Higher education
(university) |
- |
- |
- |
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar
worker |
9 |
1 |
9 |
|
Blue collar worker |
19 |
2 |
20 |
|
Other |
- |
- |
- |
|
Temporary
personnel |
Total |
|
Average number of
temporary staff |
2 |
|
Actual working
hours |
4,055 |
|
Cost of temporary
staff |
86,231 |
|
New staff and
leavers |
Full-Time |
Part-Time |
Total Fte |
|
New Starters |
5 |
1 |
5 |
|
Leavers |
3 |
1 |
3 |
|
Total of formal continuing
vocational training initiatives for workers paid by the employer |
Male |
Female |
|
Number of
employees |
12 |
1 |
|
Number of training
hours |
168 |
8 |
|
Net costs for
enterprise |
10,762 |
1,151 |
|
Total of less formal
and informal continuing vocational training initiatives for workers paid by
the employer |
Male |
Female |
|
Number of
employees |
11 |
- |
|
Number of training
hours |
88 |
- |
|
Net costs for
enterprise |
5,125 |
- |
|
Total of initial training
initiatives at the expense of the employer |
Male |
Female |
|
Number of
employees |
- |
2 |
|
Number of training
hours |
- |
36 |
|
Net costs for
enterprise |
- |
1,943 |
Profit & loss
|
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average |
% |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
|
Turnover |
18,636,610 |
-13.51 |
21,547,032 |
18.38 |
18,201,280 |
42,554,651 |
-56.21 |
|
|
Total operating
expenses |
18,157,298 |
-14.88 |
21,331,949 |
18.22 |
18,044,989 |
42,130,054 |
-56.90 |
|
|
479,312 |
122 |
215,084 |
37.62 |
156,291 |
180,914 |
164 |
|
|
|
105,354 |
496 |
17,659 |
622 |
2,446 |
120,241 |
-12.38 |
|
|
|
187,771 |
15.06 |
163,196 |
25.80 |
129,730 |
156,189 |
20.22 |
|
|
|
396,894 |
470 |
69,547 |
139 |
29,007 |
139,780 |
183 |
|
|
|
135,473 |
146 |
54,991 |
45.60 |
37,769 |
72,447 |
87.00 |
|
|
|
261,422 |
1696 |
14,556 |
166 |
-8,762 |
84,071 |
210 |
|
|
-375,997 |
-6828 |
5,588 |
-74.93 |
22,294 |
-14,713 |
-2455 |
||
|
|
9142.37 |
-49.53 |
18113.80 |
-35.99 |
28298.34 |
- |
- |
|
|
|
-105,433 |
-375 |
38,258 |
-8.54 |
41,830 |
69,653 |
-251 |
|
|
|
other information |
|||||||
|
|
- |
- |
- |
- |
- |
364,903 |
- |
|
|
|
- |
- |
- |
- |
- |
171,146 |
- |
|
|
|
1,541,123 |
13.44 |
1,358,531 |
3.96 |
1,306,720 |
964,061 |
59.86 |
|
|
|
975,003 |
11.13 |
877,352 |
5.04 |
835,220 |
681,379 |
43.09 |
|
|
|
- |
- |
- |
- |
- |
36,863 |
- |
|
|
|
371,997 |
13.77 |
326,974 |
3.07 |
317,233 |
229,269 |
62.25 |
|
|
|
194,122 |
25.89 |
154,205 |
-0.04 |
154,267 |
39,345 |
393 |
|
|
|
245,000 |
-14.68 |
287,149 |
4.35 |
275,180 |
120,634 |
103 |
|
|
|
|
|||||||
balance sheet
|
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average |
% |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
|
4,209 |
- |
10,536 |
- |
16,194 |
10,439 |
-59.68 |
|
|
|
732,138 |
-5.56 |
775,230 |
14.93 |
674,543 |
651,608 |
12.36 |
|
|
|
219,920 |
-8.94 |
241,510 |
-0.47 |
242,656 |
630,745 |
-65.13 |
|
|
|
106,229 |
-36.36 |
166,923 |
-17.86 |
203,213 |
308,824 |
-65.60 |
|
|
|
32,900 |
-67.21 |
100,335 |
-56.12 |
228,674 |
46,157 16,525 |
-28.72 |
|
|
|
373,089 |
40.02 |
266,462 |
- |
- |
314,255 47,362 |
18.72 |
|
|
|
0 |
- |
0 |
- |
0 |
22,243 |
-100 |
|
|
|
2,609,483 |
-12.29 |
2,975,116 |
0 |
2,975,116 |
515,252 |
406 |
|
|
|
3,345,830 |
-11.04 |
3,760,882 |
2.59 |
3,665,854 |
945,978 |
253 |
|
|
|
5,489,330 |
19.12 |
4,608,285 |
41.30 |
3,261,258 |
2,020,087 |
171 |
|
|
|
- |
- |
- |
- |
- |
2,738,640 |
- |
|
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
115,876 |
-100 |
|
|
5,489,330 |
19.12 |
4,608,285 |
41.30 |
3,261,258 |
860,196 |
538 |
|
|
|
0 |
- |
0 |
- |
0 |
171,418 |
-100 |
|
|
|
2,770,855 |
-30.72 |
3,999,369 |
25.33 |
3,191,086 |
1,361,267 |
103 |
|
|
|
Cash |
472,551 |
-18.72 |
581,355 |
-25.72 |
782,684 |
410,641 |
15.08 |
|
256,179 |
162 |
97,526 |
-3.40 |
100,961 |
483,962 |
-47.07 |
||
|
|
1,050,916 |
237583 |
442 |
-47.60 |
844 |
133,476 |
687 |
|
|
|
10,039,832 |
8.11 |
9,286,977 |
26.58 |
7,336,833 |
3,634,583 |
176 |
|
|
|
13,385,662 |
2.59 |
13,047,859 |
18.59 |
11,002,687 |
4,524,399 891,147 |
195 |
|
|
|
current
liabilities |
|||||||
|
|
2,983,062 |
-38.09 |
4,818,628 |
54.51 |
3,118,718 |
940,910 |
217 |
|
|
|
- |
- |
- |
- |
- |
- |
- |
|
|
|
2,310,000 |
30.14 |
1,775,000 |
-21.98 |
2,274,990 |
1,880,440 190,082 |
22.84 |
|
|
|
315,487 |
-33.59 |
475,085 |
42.01 |
334,534 |
79,055 28,799 |
299 |
|
|
|
424,798 |
47.20 |
288,588 |
-22.20 |
370,947 |
29,487 - |
167 |
|
|
|
3,509,283 |
121 |
1,581,618 |
53.53 |
1,030,179 |
813 |
- - |
|
|
|
9,542,629 |
6.75 |
8,938,919 |
25.38 |
7,129,368 |
2,221,495 |
329 |
|
|
|
Long term debts
and liabilities |
|||||||
|
|
Long term group
loans |
- |
- |
- |
- |
- |
- |
- - |
|
|
Other long term
loans |
538,963 |
-21.92 |
690,295 |
232 |
207,305 |
-28.21 |
- - |
|
|
Deffered taxes |
21,002 |
-30.33 |
30,145 |
-37.53 |
48,259 |
80,382 15,490 |
-73.87 |
|
|
Provisions for
Liabilities & Charges |
18,300 |
0 |
18,300 |
-91.90 |
225,813 |
74,151 0 |
-75.32 |
|
|
Other long term
liabilities |
0 |
- |
0 |
- |
0 |
19,553 |
-100 |
|
|
578,265 |
-21.72 |
738,739 |
53.46 |
481,376 |
453,747 |
27.44 |
|
|
|
shareholders
equity |
|||||||
|
|
511,000 |
0 |
511,000 |
0 |
511,000 |
578,600 |
-11.68 |
|
|
|
- |
- |
- |
- |
- |
282,209 |
- |
|
|
|
2,753,768 |
-3.69 |
2,859,200 |
-0.75 |
2,880,942 |
1,226,588 |
124 |
|
|
|
- |
- |
- |
- |
- |
485,395 |
- |
|
|
|
Total shareholders
equity |
3,264,768 |
-3.13 |
3,370,200 |
-0.64 |
3,391,942 |
1,833,555 |
78.06 |
|
|
497,203 |
42.85 |
348,057 |
67.77 |
207,465 |
1,413,088 |
-64.81 |
|
|
|
139,567 |
-57.11 |
325,407 |
2.65 |
317,010 |
172,816 |
-19.24 |
|
|
|
3,260,559 |
-2.95 |
3,359,664 |
-0.48 |
3,375,748 |
1,823,116 |
78.85 |
|
|
|
|
|||||||
ratio analysis
|
|
Annual accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average |
% |
|
|
Trading
performance |
|||||||
|
|
Profit Before Tax |
2.13 |
565 |
0.32 |
100 |
0.16 |
1,00 |
113 |
|
|
10.33 |
511 |
1.69 |
125 |
0.75 |
-13,00 |
79.46 |
|
|
|
2.97 |
460 |
0.53 |
103 |
0.26 |
-7,00 |
42.43 |
|
|
|
12.16 |
490 |
2.06 |
139 |
0.86 |
-14,00 |
86.86 |
|
|
|
37.48 |
-39.46 |
61.91 |
-29.43 |
87.73 |
16,00 |
-99 |
|
|
|
29.45 |
37.68 |
21.39 |
19.36 |
17.92 |
18,00 |
63.61 |
|
|
|
54.27 |
-19.90 |
67.75 |
5.88 |
63.99 |
108,00 |
-49.75 |
|
|
|
59.97 |
-27.27 |
82.45 |
30.71 |
63.08 |
55,00 |
9.04 |
|
|
|
short term
stability |
|||||||
|
|
1.05 |
0.96 |
1.04 |
0.97 |
1.03 |
14,00 |
-65.00 |
|
|
|
0.48 |
-7.69 |
0.52 |
-8.77 |
0.57 |
13,00 |
-96.31 |
|
|
|
2.92 |
10.19 |
2.65 |
26.19 |
2.10 |
3,00 |
-2.67 |
|
|
|
Liquidity ratio
reprocessed |
- |
- |
- |
- |
- |
- |
|
|
|
long term
stability |
|||||||
|
|
96.93 |
11.09 |
87.25 |
5.07 |
83.04 |
320,00 |
-69.71 |
|
|
|
24.40 |
-5.61 |
25.85 |
-16.26 |
30.87 |
-2,00 |
1220 |
|
|
|
3.10 |
8.01 |
2.87 |
28.12 |
2.24 |
4,00 |
-22.50 |
|
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Commentary
|
The business was
established over 24 years ago. |
|
|
The business has
20 employees. |
|
|
The business has
been at the address for over 1 month. |
|
|
The business has been
at the address for less than 6 months. |
|
|
The business has
changed address 2 times in the last year. |
|
|
Operating Result
in the latest trading period increased 122% on the previous trading period. |
|
|
Pre-tax profits increased
by 470% compared to the previous trading period. |
|
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
UK Pound |
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
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.