|
Report Date : |
11.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
PLUCZENIK DIAMOND COMPANY NV |
|
|
|
|
Registered Office : |
Pelikaanstraat 78 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
15.01.2013 |
|
|
|
|
Date of Incorporation : |
20.07.1963 |
|
|
|
|
Com. Reg. No.: |
405805438 |
|
|
|
|
Legal Form : |
Public
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler
of diamonds and other precious stones |
|
|
|
|
No. of Employees : |
13 (15.01.2013) |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
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 |
Business number 405805438
Company name PLUCZENIK DIAMOND
COMPANY NV
Address PELIKAANSTRAAT 78
2018 ANTWERPEN
Number of staff 13 (15.01.2013)
Date of establishment 20/07/1963
Telephone number 032315765
|
The business was
established over 50 years ago. |
|
|
The business has
13 employees. |
|
|
The business has
been at the address for over 31 years. |
|
|
Operating Result
in the latest trading period increased 134% on the previous trading period. |
|
|
The business saw an
increase in their Cash Balance of 343% during the latest trading period. |
|
|
DATE OF LATEST
ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
15/01/2013 |
503,927,630 |
1,845,646 |
125,621,677 |
123,940,318 |
|
31/12/2011 |
561,435,797 |
2,231,554 |
127,460,806 |
125,692,066 |
|
31/12/2010 |
643,404,105 |
2,829,894 |
162,044,535 |
159,520,454 |
|
DATE OF LATEST
ACCOUNTS |
BALANCE TOTAL |
NUMBER OF
EMPLOYEES |
CAPITAL |
CASHFLOW |
|
15/01/2013 |
346,602,138 |
13 |
113,292,406 |
2,039,842 |
|
31/12/2011 |
360,891,575 |
12 |
116,689,367 |
2,447,824 |
|
31/12/2010 |
343,149,708 |
19 |
150,976,021 |
3,151,161 |
|
Past
payments |
|
Payment
expectation days 70.33 |
|
Industry average payment expectation days |
164.15 |
Industry average day sales 119.90
outstanding |
|
Day
sales outstanding |
71.68 |
|
|
Court
data summary |
||
|
Business
number |
405805438 |
|
PLUCZENIK
DIAMOND COMPANY NV |
|
|
|
|
|
|
Office
address |
Diamantbeurs, Pelikaanstraat 78, Office 1601 - 1608, 2018
Antwerpen Belgium |
||
|
|
|
||
|
Fax
number |
|
Date
founded |
20/07/1963 |
|
Company
status |
active |
Company
type |
Public
Limited Liability Company (BE) |
|
Currency |
Euro
(€) |
Date
of latest accounts |
15/01/2013 |
|
Activity
code |
46761 |
liable
for VAT |
yes |
|
Activity
description |
Wholesaler of diamonds and other
precious stones |
VAT
Number |
BE.0405.805.438 |
|
Belgian
Bullettin of Acts Publications |
moniteur
belge |
|
|
|
Social
Balance Sheet |
Total |
|
During the reporting year ended
15-01-2013 |
|
|
Full-time
Employees |
13 |
|
Part-time
Employees |
3 |
|
Total
Fte Employees |
15 |
|
|
|
|
Number
of hours worked |
|
|
Full-time
Employees |
20,239 |
|
Part-time
Employees |
3,185 |
|
Total |
23,424 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
413,221 |
|
Part-time
Employees |
63,701 |
|
Total |
476,923 |
|
Benefits
In Addition To Wages |
- |
|
|
|
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
16 |
|
Actual
working hours |
26,781 |
|
Personnel
Charges |
560,470 |
|
Benefits
In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited Duration Contracts |
10 |
3 |
12 |
|
Limited
Duration Contracts |
2 |
- |
2 |
|
Contracts
For Specific Work |
- |
- |
- |
|
Contracts
Regarding Substitution |
- |
- |
- |
|
Gender and Education Level |
|
||
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
- |
- |
- |
|
Secondary
education |
6 |
2 |
7 |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
1 |
1 |
2 |
|
Secondary
education |
5 |
- |
5 |
|
Higher education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
|
|||
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
9 |
3 |
11 |
|
Blue
collar worker |
3 |
- |
3 |
|
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 |
2 |
- |
2 |
|
Leavers |
1 |
- |
1 |
(NSSO
classification)
|
Code |
- |
|
Description |
FROM
10 TO 19 EMPLOYEES |
(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 Significant
Events |
|
|
Event
Date |
13/10/2010 |
|
Event
Description |
re-appointment
of director(s) |
|
Event
Details |
Commentaar
13-10-2010: Herbenoemd als bestuurders tot na de jaarvergadering van 2016 :
Pluczenik Chaim (tevens gedelegeerd bestuurder), Stern Michel en Pluczenik
Tsvi. |
Comparison Mode
·
Average Median Export
accounts to CSV File
Profit & loss
|
Annual
accounts |
15-01-2013 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average 2013 |
% |
|
Weeks |
54 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
503,927,630 |
10.24 |
561,435,797 |
12.74 |
643,404,105 |
66,679,268 |
655 |
|
Total
operating expenses |
497,453,267 |
10.96 |
558,672,292 |
13.25 |
644,039,693 |
65,892,042 |
654 |
|
Operating
result |
6,474,363 |
134 |
2,763,505 |
434 |
-635,588 |
456,225 |
1319 |
|
Total
financial income |
8,782,835 |
41.07 |
14,904,036 |
23.21 |
19,408,496 |
207,909 |
4124 |
|
Total
financial expenses |
13,411,552 |
13.12 |
15,435,987 |
-3.18 |
15,943,014 |
528,778 |
2436 |
|
Results
on ordinary operations before taxation |
1,845,646 |
17.29 |
2,231,554 |
21.14 |
2,829,894 |
107,466 |
1617 |
|
Taxation |
-16,678 |
-206 |
15,591 |
422 |
2,986 |
23,893 |
-169 |
|
Results
on ordinary operations after taxation |
1,862,324 |
15.96 |
2,215,963 |
21.61 |
2,826,908 |
88,526 |
2003 |
|
Extraordinary
items |
9,075 |
1361 |
621 |
84.57 |
4,024 |
2,926 |
210 |
|
Other
appropriations |
1 |
- |
0 |
- |
0 |
- |
- |
|
Net
result |
1,871,400 |
15.57 |
2,216,584 |
21.70 |
2,830,932 |
91,452 |
1946 |
|
OTHER
INFORMATION |
|
|
|
|
|
|
|
|
Dividends |
- |
- |
- |
- |
- |
25,000 |
- |
|
Director
remuneration |
134,896 |
2.52 |
131,576 |
- |
- |
136,227 |
0.98 |
|
Employee costs |
476,923 |
17.38 |
577,275 |
16.61 |
692,261 |
161,477 |
195 |
|
Wages and salary |
384,248 |
17.87 |
467,870 |
- |
- |
139,859 |
174 |
|
Employee pension costs |
- |
- |
- |
- |
- |
0 |
- |
|
Social security contributions |
83,742 |
19.14 |
103,562 |
- |
- |
33,641 |
148 |
|
Other employee costs |
8,933 |
52.86 |
5,844 |
- |
0 |
3,834 |
132 |
|
Amortization
and depreciation |
168,442 |
27.16 |
231,240 |
27.79 |
320,229 |
29,491 |
471 |
|
Annual
accounts |
15-01-2013 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry
average 2013 |
% |
||||
|
Weeks |
54 |
|
52 |
|
52 |
|
|
||||
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
||||
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
1,235 |
-100 |
||||
|
Tangible
fixed assets |
487,758 |
-9.38 |
538,232 |
42.34 |
933,436 |
324,002 |
50.54 |
||||
|
Land & building |
110,108 |
38.24 |
79,650 |
26.48 |
108,335 |
700,498 |
84.28 |
||||
|
Plant & machinery |
291,277 |
29.44 |
412,800 |
41.27 |
702,894 |
39,122 |
644 |
||||
|
Furniture & Vehicles |
86,373 |
88.66 |
45,782 |
62.54 |
122,207 |
19,170
6,882 |
350 |
||||
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
153,494
20,215 |
- |
||||
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
6,995 |
-100 |
||||
|
Financial
fixed assets |
1,327,848 |
-2.99 |
1,368,780 |
22.65 |
1,769,547 |
49,267 |
2595 |
||||
|
Total
fixed assets |
1,815,606 |
-4.79 |
1,907,012 |
29.45 |
2,702,983 |
331,339 |
447 |
||||
|
Inventories |
227,682,011 |
9.99 |
206,996,224 |
-2.51 |
212,318,537 |
7,239,819 |
3044 |
||||
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
||||
|
Work in progress |
0 |
- |
0 |
- |
0 |
12,859 |
-100 |
||||
|
Finished goods |
227,682,011 |
9.99 |
206,996,224 |
-2.51 |
212,318,537 |
5,561,020 |
3994 |
||||
|
Other stocks |
0 |
- |
0 |
- |
0 |
518,164 |
-100 |
||||
|
Trade
debtors |
98,963,507 |
30.92 |
143,252,916 |
28.62 |
111,379,896 |
13,780,472 |
618 |
||||
|
Cash |
11,637,085 |
343 |
2,626,224 |
58.17 |
6,278,950 |
657,742 |
1669 |
||||
|
other
amounts receivable |
6,338,822 |
7.91 |
5,874,382 |
41.55 |
10,049,903 |
361,280 |
1654 |
||||
|
Miscellaneous
current assets |
165,107 |
29.69 |
234,817 |
44.02 |
419,439 |
39,381 |
319 |
||||
|
Total
current assets |
344,786,532 |
-3.96 |
358,984,563 |
5.45 |
340,446,725 |
20,922,896 |
1547 |
||||
|
Total
Assets |
346,602,138 |
-3.96 |
360,891,575 |
5.17 |
343,149,708 |
21,221,909 3,350,014 |
1533 |
||||
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
||||
|
Trade
creditors |
95,850,379 |
14.64 |
112,289,688 |
12.91 |
128,936,162 |
7,972,331 |
1102 |
||||
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
||||
|
Financial
debts |
124,793,225 |
3.38 |
120,708,602 |
132 |
51,839,672 |
12,240,271
331,560 |
919 |
||||
|
Current
portion of long term debt |
- |
- |
- |
- |
- |
66,356
10,511 |
- |
||||
|
Amounts Payable
for Taxes, Remuneration & Social Security |
82,389 |
24.32 |
108,871 |
27.63 |
150,437 |
13,587
- |
98.69 |
||||
|
Miscellaneous
current liabilities |
120,221 |
35.13 |
185,336 |
- |
0 |
-84.21 |
-
- |
||||
|
Total
current liabilities |
220,846,214 |
-5.34 |
233,292,497 |
28.94 |
180,926,271 |
15,376,234 |
1336 |
||||
|
LONG
TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
|
||||
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
-
- |
||||
|
Other
long term loans |
134,247 |
-2.91 |
138,273 |
22.71 |
178,902 |
-94.59 |
-
- |
||||
|
Deffered
taxes |
- |
- |
- |
- |
- |
0
0 |
- |
||||
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
2,207
0 |
-100 |
||||
|
Other
long term liabilities |
0 |
0 |
-1 |
- |
0 |
198,511 |
-100 |
||||
|
Total
long term debts |
134,247 |
-2.91 |
138,272 |
22.71 |
178,902 |
1,533,100 |
91.24 |
||||
|
SHAREHOLDERS
EQUITY |
|
|
|
|
|
|
|
||||
|
Issued share
capital |
113,292,406 |
-2.91 |
116,689,367 |
22.71 |
150,976,021 |
3,210,308 |
3429 |
|
|||
|
Share premium
account |
- |
- |
- |
- |
- |
273,462 |
- |
|
|||
|
Reserves |
12,329,271 |
14.46 |
10,771,439 |
-2.68 |
11,068,514 |
967,255 |
1174 |
|
|||
|
Revaluation
reserve |
- |
- |
- |
- |
- |
1,662,858 |
- |
|
|||
|
Total shareholders
equity |
125,621,677 |
-1.44 |
127,460,806 |
21.34 |
162,044,535 |
4,312,575 |
2812 |
|
|||
|
Working capital |
123,940,318 |
-1.39 |
125,692,066 |
21.21 |
159,520,454 |
5,546,662 |
2134 |
|
|||
|
Cashflow |
2,039,842 |
16.67 |
2,447,824 |
22.32 |
3,151,161 |
115,908 |
1659 |
|
|||
|
Net worth |
125,621,677 |
-1.44 |
127,460,806 |
21.34 |
162,044,535 |
4,311,341 |
2813 |
|
|||
|
Annual accounts |
15-01-2013 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average
2013 |
|
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
Profit Before Tax |
0.37 |
-7.50 |
0.40 |
-9.09 |
0.44 |
15,00 |
-97.53 |
|
Return on capital
employed |
1.47 |
-16.00 |
1.75 |
0.57 |
1.74 |
-2,00 |
73.50 |
|
Return on total
assets employed |
0.53 |
-14.52 |
0.62 |
-24.39 |
0.82 |
-1,00 |
53.00 |
|
Return on net
assets employed |
1.47 |
-16.00 |
1.75 |
0 |
1.75 |
6,00 |
-75.50 |
|
Sales / net
working capital |
4.07 |
-8.95 |
4.47 |
10.92 |
4.03 |
38,00 |
-99 |
|
Stock turnover
ratio |
45.18 |
22.54 |
36.87 |
11.73 |
33 |
21,00 |
115 |
|
Debtor days |
71.68 |
-23.03 |
93.13 |
47.38 |
63.19 |
183,00 |
-60.83 |
|
Creditor days |
70.33 |
-4.13 |
73.36 |
0.40 |
73.07 |
94,00 |
-25.18 |
|
SHORT
TERM STABILITY |
|||||||
|
Current ratio |
1.56 |
1.30 |
1.54 |
-18.09 |
1.88 |
6,00 |
-92.57 |
|
Liquidity ratio / acid
ratio |
0.53 |
-18.46 |
0.65 |
-8.45 |
0.71 |
5,00 |
-89.40 |
|
Current debt ratio |
1.76 |
-3.83 |
1.83 |
63.39 |
1.12 |
21,00 |
-91.62 |
|
Liquidity ratio
reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG
TERM STABILITY |
|||||||
|
Gearing |
99.45 |
4.89 |
94.81 |
195 |
32.10 |
165,00 |
-39.73 |
|
Equity in
percentage |
36.24 |
2.60 |
35.32 |
-25.20 |
47.22 |
20,00 |
81.20 |
|
Total debt ratio |
1.76 |
-3.83 |
1.83 |
63.39 |
1.12 |
21,00 |
-91.62 |
|
Activity
code |
46761 |
|
Activity
description |
Wholesaler of
diamonds and other precious stones |
|
Payment
expectation days |
70.33 |
|
Day
sales outstanding |
71.68 |
Industry
comparison
|
|
|
Activity
code |
46761 |
|
Activity
description |
Wholesale of
diamonds and other precious stones |
|
Industry
average payment expectation days |
164.15 |
|
Industry average
day sales outstanding |
119.90 |
Industry
quartile analysis
|
|
|
Payment
expectations |
|
|
Company
result |
70.33 |
|
Lower |
134.34 |
|
Median |
84.60 |
|
Upper |
45.29 |
|
Day
sales outstanding |
|
|
Company
result |
71.68 |
|
Lower |
112.48 |
|
Median |
58.56 |
|
Upper |
28.09 |
No group structure for this company
No minority shareholders found
No minority interests found
There is no data for this company
NSSO
details
|
|
|
Business
number |
405805438 |
|
Name |
CHAIM PLUCZENIK |
|
Position |
Director |
|
Start
Date |
11/10/2007 |
|
Street |
15
REMBRANDTSTRAAT ANTWERPEN |
|
Post
code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
CHAIM PLUCZENIK |
|
Position |
Managing Director |
|
Start
Date |
11/10/2007 |
|
Street |
15
REMBRANDTSTRAAT ANTWERPEN |
|
Post
code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
MICHEL STERN |
|
Position |
Director |
|
Start
Date |
11/10/2007 |
|
Date
of birth |
05/12/1948 |
|
Street |
5 QUINTEN
MATSIJSLEI ANTWERPEN |
|
Post
code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
TSVI PLUCZENIK |
|
Position |
Director |
|
Start
Date |
22/10/2010 |
|
Street |
132 FLAT B, 9/F
TAI WAH BUILDING, ELECTRIC ROAD, |
|
Post
code |
North P |
|
Country |
Hong Kong |
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.59.88 |
|
|
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.81.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.