|
Report Date : |
02.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
DE TOLEDO DIAMONDS INTERNATIONAL BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
13.12.2005 |
|
|
|
|
Com. Reg. No.: |
878308769 |
|
|
|
|
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 : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 878308769
Company name DE TOLEDO DIAMONDS
INTERNATIONAL BVBA
Address HOVENIERSSTRAAT 30
2018 ANTWERPEN
Number of staff 1
Date of establishment 13/12/2005
Telephone number 032341717
Fax number 032253311
The business was established over 8 years ago.
The business has 1 employees.
The business has been at the address for over 8 years.
Operating Result in the latest trading period decreased 44% on the
previous trading period.
A 68% decline in Total Assets occurred during the latest trading period.
Pre-tax profits decreased by 70% compared to the previous trading
period.
Turnover in the latest trading period decreased 53% on the previous
trading period.
Accounts
|
DATE OF LATEST
ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2012 |
9,315,068 |
7,799 |
92,607 |
257,351 |
|
31/12/2011 |
20,021,621 |
26,472 |
81,836 |
239,905 |
|
31/12/2010 |
33,601,907 |
62,253 |
63,364 |
219,543 |
|
Accounts |
||||
|
DATE OF LATEST
ACCOUNTS |
BALANCE
TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
979,191 |
1 |
18,600 |
42,044 |
|
31/12/2011 |
3,075,507 |
1 |
18,600 |
47,075 |
|
31/12/2010 |
848,798 |
1 |
18,600 |
70,585 |
Payment
expectations
Past payments Payment
expectation days 26.38
Industry average payment
expectation days 165.24 Industry average day
sales
Outstanding 126.31
Day sales outstanding 25.01
Court data summary
BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons –
|
Business number |
878308769 |
Company name |
DE
TOLEDO DIAMONDS INTERNATIONAL BVBA |
|
|
Fax number |
032253311 |
Date founded |
13/12/2005 |
|
|
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 |
no |
|
|
Activity description |
Wholesale of diamonds and
other precious stones |
|
|
|
|
Belgian Bullettin of Acts
Publications - |
moniteur belge |
|
|
|
|
Social Balance Sheet |
Total |
|
During the reporting year |
|
|
ended 31-12-2012 |
|
|
Full-time Employees |
- |
|
Part-time Employees |
2 |
|
Total Fte Employees |
1 |
|
|
|
|
Number of hours worked |
|
|
Full-time Employees |
- |
|
Part-time Employees |
1,848 |
|
Total |
1,848 |
|
|
|
|
Personnel Charges |
|
|
Full-time Employees |
- |
|
Part-time Employees |
31,813 |
|
Total |
31,813 |
|
Benefits In Addition To
Wages |
- |
|
|
|
|
During the previous reporting year |
|
|
Average number employees in Fte |
1 |
|
Actual working hours |
1,848 |
|
Personnel Charges |
- |
|
Benefits In Addition To
Wages |
- |
|
|
|
|
|
-------------- K |
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited
Duration Contracts |
- |
2 |
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 |
- |
2 |
1 |
|
|
Higher education (non university) |
- |
- |
- |
|
|
Higher education (university) |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
\. |
|
Management |
- |
- |
- |
|
|
White collar worker |
- |
2 |
1 |
|
|
Blue collar worker |
- |
- |
- |
|
|
Other |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
Temporary personnel |
|
Total |
|
\. |
|
Average number of temporary staff |
- |
|
|
|
|
Actual working hours |
|
- |
|
|
|
Cost of temporary staff |
|
- |
|
|
|
|
|
|
|
J |
|
|
||||
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New Starters |
- |
- |
- |
|
|
Leavers |
- |
- |
- |
|
|
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
- |
63 |
|
|
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 |
||
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry
average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
9,315,068 |
-53.47 |
20,021,621 |
-40.42 |
33,601,907 |
46,485,458 |
-79.96 |
|
Total
operating expenses |
9,290,378 |
-53.49 |
1 9,977,059 |
-40.40 |
33,517,917 |
46,114,879 |
-79.85 |
|
Operating
result |
24,689 |
-44.60 |
44,562 |
-46.94 |
83,990 |
141,119 |
-82.50 |
|
Total
financial income |
3 |
124 |
1 |
-99 |
163 |
98,884 |
-99 |
|
Total
financial expenses |
16,893 |
-6.62 |
18,091 |
-17.39 |
21,900 |
206,523 |
-91.82 |
|
Results
on ordinary operations before taxation |
7,799 |
-70.54 |
26,472 |
-57.48 |
62,253 |
25,299 |
-69.17 |
|
Taxation |
-2,972 |
-137 |
8,000 |
-60.0 |
20,000 |
20,807 |
-114 |
|
Results on ordinary
operations after taxation |
10,771 |
-41.69 |
18,472 |
-56.28 |
42,253 |
10,494 |
2.64 |
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
-3,973 |
0 |
|
Other
appropriations |
0.00 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net
result OTHER INFORMATION |
10,771 |
-41.69 |
18,472 |
-56.28 |
42,253 |
6,539 |
64.72 |
|
Gross
Operating Margin |
93,241 |
-15.17 |
1 09,918 |
-22.96 |
142,675 |
56,922 |
63.80 |
|
Dividends |
- |
- |
- |
- |
- |
172,177 |
- |
|
Director
remuneration |
- |
- |
- |
- |
- |
112,544 |
- |
|
Employee
costs |
32,905 |
1.18 |
32,520 |
32.68 |
24,509 |
125,946 |
-73.87 |
|
Wages and salary |
27,389 |
4.45 |
26,224 |
27.82 |
20,517 |
105,550 |
-74.05 |
|
Employee pension costs |
- |
- |
1,062 |
- |
- |
14,428 |
- |
|
Social security contributions |
5,140 |
5.61 |
4,867 |
34.14 |
3,628 |
26,656 |
-80.72 |
|
Other employee costs |
376 |
2.35 |
367 |
0.79 |
364 |
4,349 |
-91.36 |
|
Amortization
and depreciation |
31,272 |
9.33 |
28,603 |
0.96 |
28,332 |
17,831 |
75.38 |
|
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 |
1,573 |
-100 |
|||||||||||||||
|
Tangible
fixed assets |
17,019 |
-64.31 |
47,688 |
-11.32 |
53,773 |
184,117 |
-90.76 |
|||||||||||||||
|
Land & building |
- |
- |
- |
- |
- |
362,988 |
- |
|||||||||||||||
|
Plant & machinery |
- |
- |
- |
- |
- |
22,615 |
- |
|||||||||||||||
|
Furniture & Vehicles |
17,019 |
-64.31 |
47,688 |
-10.05 |
53,016 |
17,295 5,364 |
-1.60 |
|||||||||||||||
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
142,153 32,369 |
- |
|||||||||||||||
|
Other tangible assets |
0 |
- |
0 |
-100 |
757 |
7,596 |
-100 |
|||||||||||||||
|
Financial
fixed assets |
120 |
0 |
120 |
- |
- |
306,761 |
-99 |
|||||||||||||||
|
Total
fixed assets |
17,139 |
-64.15 |
47,808 |
-11.09 |
53,773 |
394,708 |
-95.66 |
|||||||||||||||
|
Inventories |
269,605 |
20.54 |
223,661 |
-62.66 |
599,017 |
3,105,524 |
-91.32 |
|||||||||||||||
|
Raw materials & consumables |
- |
- |
- |
- |
- |
7,209,884 |
- |
|||||||||||||||
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,387 |
-100 |
|||||||||||||||
|
Finished goods |
0 |
- |
0 |
- |
0 |
1,996,655 |
-100 |
|||||||||||||||
|
Other stocks |
269,605 |
20.54 |
223,661 |
-62.66 |
599,017 |
569,977 |
-52.70 |
|||||||||||||||
|
Trade
debtors |
638,152 |
-76.82 |
2,752,637 |
1606 |
161,269 |
4,243,347 |
-84.96 |
|||||||||||||||
|
Cash |
35,686 |
-11.63 |
40,385 |
58.01 |
25,559 |
227,473 |
-84.31 |
|||||||||||||||
|
other
amounts receivable |
10,517 |
259 |
2,924 |
168 |
1,089 |
209,176 |
-94.97 |
|||||||||||||||
|
Miscellaneous
current assets |
8,092 |
0 |
8,092 |
0 |
8,092 |
18,254 |
-55.67 |
|||||||||||||||
|
Total
current assets |
962,052 |
-68.22 |
3,027,699 |
280 |
795,026 |
7,328,597 |
-86.87 |
|||||||||||||||
|
Total
Assets |
979,191 |
-68.16 |
3,075,507 |
262 |
848,798 |
7,683,424 1,454,122 |
-87.26 |
|||||||||||||||
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|||||||||||||||
|
Trade
creditors |
671,450 |
-75.38 |
2,726,886 |
417 |
526,737 |
3,148,030 |
-78.67 |
|||||||||||||||
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|||||||||||||||
|
Financial
debts |
1,667 |
-8.38 |
1,820 |
24.57 |
1,461 |
4,280,807 189,666 |
-99 |
|||||||||||||||
|
Current
portion of long term debt |
24,373 |
6.67 |
22,849 |
-5.30 |
24,127 |
110,204 15,373 |
-77.88 |
|||||||||||||||
|
Amounts Payable for Taxes, Remuneration
& Social Security |
6,617 |
-79.46 |
32,220 |
39.13 |
23,158 |
9,740 - |
-80.56 |
|||||||||||||||
|
Miscellaneous
current liabilities |
595 |
-85.21 |
4,019 |
- |
0 |
-99 |
- - |
|||||||||||||||
|
Total
current liabilities |
704,701 |
-74.72 |
2,787,794 |
384 |
575,483 |
5,462,976 |
-87.10 |
|||||||||||||||
|
LONG
TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
||||||||||||||||
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
||||||||||||||
|
Other
long term loans |
181,882 |
-11.65 |
205,877 |
-1.94 |
209,951 |
-83.67 |
- - |
|
||||||||||||||
|
Deffered
taxes |
- |
- |
- |
- |
- |
37,626 26,358 |
- |
|
||||||||||||||
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,168 0 |
-100 |
|
||||||||||||||
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
128,026 |
-100 |
|
||||||||||||||
|
Total
long term debts SHAREHOLDERS EQUITY |
181,882 |
-11.65 |
205,877 |
-1.94 |
209,951 |
562,804 |
-67.68 |
|
||||||||||||||
|
Issued
share capital |
18,600 |
0 |
18,600 |
0 |
18,600 |
967,968 |
-98.08 |
|
||||||||||||||
|
Share
premium account |
- |
- |
- |
- |
- |
109,362 |
- |
|
||||||||||||||
|
Reserves |
74,007 |
17.03 |
63,236 |
41.26 |
44,764 |
654,096 |
-88.69 |
|
||||||||||||||
|
Revaluation
reserve |
- |
- |
- |
- |
- |
939,206 |
- |
|
||||||||||||||
|
Total
shareholders equity |
92,607 |
13.16 |
81,836 |
29.15 |
63,364 |
1,651,582 |
-94.39 |
|
||||||||||||||
|
Working
capital |
257,351 |
7.27 |
239,905 |
9.28 |
219,543 |
1,865,621 |
-86.21 |
|
||||||||||||||
|
Cashflow |
42,044 |
-10.69 |
47,075 |
-33.31 |
70,585 |
21,288 |
97.50 |
|
||||||||||||||
|
Net
worth |
92,607 |
13.16 |
81,836 |
29.15 |
63,364 |
1,648,350 |
-94.38 |
|
||||||||||||||
|
Annual accounts |
31-12-2012 |
Change (%) |
31-12-2011 |
Change (%) |
31-12-2010 |
Industry
average 2012 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.08 |
-38.46 |
0.13 |
-31.58 |
0.19 |
-29,00 |
0.28 |
|
Return
on capital employed |
2.84 |
-69.13 |
9.20 |
-59.61 |
22.78 |
29,00 |
-90.21 |
|
Return
on total assets employed |
0.80 |
-6.98 |
0.86 |
-88.27 |
7.33 |
-200,00 |
0.40 |
|
Return
on net assets employed |
8.42 |
-73.97 |
32.35 |
-67.07 |
98.25 |
19,00 |
-55.68 |
|
Sales
/ net working capital |
36.20 |
-56.63 |
83.46 |
-45.47 |
1 53.05 |
44,00 |
-99 |
|
Stock
turnover ratio |
2.89 |
158 |
1.12 |
-37.08 |
1.78 |
116,00 |
-97.51 |
|
Debtor
days |
25.01 |
-50.16 |
50.18 |
2767 |
1.75 |
143,00 |
-82.51 |
|
Creditor
days SHORT TERM
STABILITY |
26.38 |
-47.05 |
49.82 |
767 |
5.74 |
125,00 |
-78.90 |
|
Current
ratio |
1.37 |
25.69 |
1.09 |
-21.01 |
1.38 |
6,00 |
-84.78 |
|
Liquidity
ratio / acid ratio |
0.98 |
-2.97 |
1.01 |
197 |
0.34 |
4,00 |
-75.50 |
|
Current
debt ratio |
7.61 |
-77.66 |
34.07 |
275 |
9.08 |
9,00 |
-15.44 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
224.52 |
-20.30 |
281.72 |
-24.21 |
371.72 |
357,00 |
-37.11 |
|
Equity
in percentage |
9.46 |
255 |
2.66 |
-64.39 |
7.47 |
-3.192,00 |
0.30 |
|
Total
debt ratio |
9.57 |
-73.84 |
36.58 |
195 |
12.40 |
11,00 |
-13.00 |
|
Payment
expectations |
|
|
Payment expectation
days |
26.38 |
|
Day sales
outstanding |
25.01 |
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity
description |
Wholesale of
diamonds and other precious stones |
|
Industry average
payment |
165.24 |
|
expectation days |
|
|
Industry average
day sales |
126.31 |
|
outstanding |
|
|
Industry quartile
analysis |
|
|
Payment
expectations |
|
|
Company result |
26.38 |
|
Lower |
134.13 |
|
Median |
84.97 |
|
Upper |
45.81 |
|
Day sales
outstanding |
|
|
Company result |
25.01 |
|
Lower |
110.17 |
|
Median |
59.01 |
|
Upper |
28.11 |
Group Structure
No group structure for this company.
Minority Shareholders
No minority
shareholders found
Minority Interests
No minority
interests found
NSSO
details
Business number 878308769
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
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.59.03 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NNA |
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.