|
Report Date : |
03.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
BRU
TEXTILES NV |
|
|
|
|
Registered Office : |
Satenrozen
2-A 2550 Kontich |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
25.11.1994 |
|
|
|
|
Com. Reg. No.: |
453835284 |
|
|
|
|
Legal Form : |
Public
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale
of household textiles and bedding |
|
|
|
|
No. of Employees |
54 |
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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
453835284 |
|
Company
name |
BRU
TEXTILES NV |
|
Address |
SATENROZEN
2-A |
|
|
2550
KONTICH |
|
Number
of staff |
54 |
|
Date
of establishment |
25/11/1994 |
|
Telephone
number |
034518000 |
|
Fax
number |
034518001 |
The
business was established over 19 years ago.
The
business has 50 employees.
The
business is part of a group.
The
business has been at the address for over 11 years.
trading
period increased 21%
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX NET WORTH |
WORKING
CAPITAL |
|
31/12/2012 |
100,533,599 |
8,070,473
39,861,955 |
31,496,738 |
|
31/12/2011 |
91,566,060 |
6,731,450
35,855,704 |
29,655,542 |
|
31/12/2010 |
82,931,870 |
7,444,099
30,384,114 |
25,793,783 |
|
Accounts |
|||
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES CAPITAL |
CASHFLOW |
|
31/12/2012 |
65,508,661 |
54
112,000 |
6,697,829 |
|
31/12/2011 |
61,869,170 |
55
112,000 |
5,879,985 |
|
31/12/2010 |
54,176,766 |
50
112,000 |
7,176,237 |
|
Past
payments |
|
Payment
expectation days |
39.87 |
|
Industry
average payment expectation days |
74.47 |
Industry
average day sales outstanding |
97.64 |
|
Day
sales outstanding |
88.28 |
|
|
|
BANKRUPTCY
DETAILS |
|||
|
Court
action type PROTESTED
BILLS |
no |
|
|
|
Business
number |
453835284 |
Company
name |
BRU
TEXTILES NV |
|
|
Fax
number |
034518001 |
Date
founded |
25/11/1994 |
|
|
Company
status |
active |
Company
type |
Public
Limited Liability Company (BE) |
|
|
Currency |
Euro
(€) |
Date
of latest accounts |
31/12/2012 |
|
|
Activity
code |
46412 |
Liable
for VAT |
yes |
|
|
Activity
description |
Wholesale
of household textiles and bedding |
VAT
Number |
BE.0453.835.284
Check VAT number |
|
|
Belgian
Bullettin of Acts Publications |
moniteur
belge |
|
|
|
|
Contractor
details |
||||
|
Registered
contractor number |
- |
|
|
|
|
Contractor
description |
- |
|
|
|
|
Social
Balance Sheet |
Total |
|
|
During
the reporting year |
|
|
|
ended
31-12-2012 |
|
|
|
Full-time
Employees |
52 |
|
|
Part-time
Employees |
5 |
|
|
Total
Fte Employees |
55 |
|
|
|
||
|
Number
of hours worked |
||
|
Full-time
Employees |
87,849 |
|
|
Part-time
Employees |
5,783 |
|
|
Total |
93,632 |
|
|
|
||
|
Personnel
Charges |
||
|
Full-time
Employees |
2,752,524 |
|
|
Part-time
Employees |
155,030 |
|
|
Total |
2,907,554 |
|
|
Benefits
In Addition To Wages - |
||
|
|
||
|
During
the previous reporting year |
||
|
Average
number employees in Fte |
55 |
|
|
Actual
working hours |
92,546 |
|
|
Personnel
Charges |
2,418,781 |
|
|
Benefits
In Addition To Wages - |
||
|
|
|
|
|
|
|
|
|
|
Gender
and Education Level |
|
|
|
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
34 |
1 |
35 |
|
Secondairy
education |
- |
- |
- |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
17 |
3 |
20 |
|
Secondairy
education |
- |
- |
- |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
|
|
|
|
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
21 |
3 |
24 |
|
Blue
collar worker |
30 |
1 |
31 |
|
Other |
- |
- |
- |
|
Temporary personnel |
Total |
|
|
Average
number of temporary staff |
3 |
|
|
Actual
working hours |
5,618 |
|
|
Cost
of temporary staff |
1
50,484 |
|
|
|
|
|
|
New
staff and leavers Full-Time |
Part-Time |
Total
Fte |
|
New
Starters 7 |
2 |
9 |
|
Leavers
8 |
2 |
10 |
|
|
|
|
Description FROM 50 TO 99 EMPLOYEES
|
JIC Code |
100 |
|
Description |
Additional joint committee for labourers |
JIC Code 218
Description Additional national joint committee for the employees
|
Event Date |
31/07/2013 |
|
Event Description |
|
|
Event Details |
De aandelen aan toonnder worden geschrapt. |
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry
average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
100,533,599 |
9.79 |
91,566,060 |
10.41 |
82,931,870 |
6,855,824 |
1366 |
|
Total
operating expenses |
95,523,818 |
9.24 |
87,446,520 |
11.00 |
78,783,247 |
6,622,913 |
1342 |
|
Operating
result |
5,009,781 |
21.61 |
4,119,540 |
-0.70 |
4,148,623 |
56,609 |
8749 |
|
Total
financial income |
5,732,254 |
0.51 |
5,702,904 |
-15.96 |
6,785,552 |
37,683 |
1
5111 |
|
Total
financial expenses |
2,671,562 |
-13.57 |
3,090,994 |
-11.43 |
3,490,077 |
35,741 |
7374 |
|
Results
on ordinary operations before taxation |
8,070,473 |
1
9.89 |
6,731,450 |
-9.57 |
7,444,099 |
53,442 |
15001 |
|
Taxation |
1,731,81
7 |
36.10 |
1,272,455 |
5.32 |
1,208,225 |
28,906 |
5891 |
|
Results
on ordinary operations after taxation |
6,338,656 |
1
6.11 |
5,458,995 |
-12.46 |
6,235,874 |
33,810 |
18647 |
|
Extraordinary
items |
0 |
- |
0 |
-100 |
398,968 |
5,960 |
-100 |
|
Other
appropriations |
0 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net
result OTHER
INFORMATION |
6,338,656 |
1
6.11 |
5,458,995 |
-17.72 |
6,634,842 |
39,761 |
15841 |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
106,240 |
- |
|
Dividends |
2,345,000 |
- |
- |
- |
2,000,000 |
269,207 |
771 |
|
Director
remuneration |
- |
- |
- |
- |
- |
129,763 |
- |
|
Employee
costs |
2,907,554 |
20.21 |
2,418,781 |
2.26 |
2,365,384 |
298,672 |
873 |
|
Wages
and salary |
1,923,807 |
18.43 |
1,624,425 |
-3.22 |
1,678,405 |
236,719 |
712 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
14,455 |
- |
|
Social
security contributions |
724,813 |
18.91 |
609,553 |
-0.59 |
613,146 |
63,232 |
1046 |
|
Other
employee costs |
258,934 |
40.11 |
184,802 |
150 |
73,833 |
8,448 |
2965 |
|
Amortization
and depreciation |
359,173 |
-14.68 |
420,990 |
-22.24 |
541,395 |
44,195 |
712 |
|
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 |
23,271 |
- |
35,867 |
- |
48,462 |
10,520 |
121 |
|
Tangible
fixed assets |
3,647,935 |
-5.34 |
3,853,773 |
-7.81 |
4,180,252 |
250,072 |
1358 |
|
Land
& building |
- |
- |
- |
- |
- |
320,689 |
- |
|
Plant
& machinery |
210,904 |
11.38 |
189,363 |
-17.34 |
229,078 |
46,198 |
356 |
|
Furniture
& Vehicles |
78,052 |
51.65 |
51,469 |
-29.21 |
72,709 |
25,643
8,675 |
204 |
|
Leasing
& Other Similar Rights |
3,358,979 |
-7.03 |
3,612,941 |
-6.85 |
3,878,465 |
47,694
14,778 |
6942 |
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
39,868 |
-100 |
|
Financial
fixed assets |
8,011,569 |
-3.17 |
8,273,601 |
-0.31 |
8,299,442 |
460,776 |
1638 |
|
Total
fixed assets |
11,682,775 |
-3.95 |
12,163,240 |
-2.91 |
12,528,156 |
526,759 |
2117 |
|
Inventories |
19,734,142 |
22.05 |
16,169,252 |
12.40 |
14,386,005 |
422,496 |
4570 |
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
515,151 |
- |
|
Work
in progress |
0 |
- |
0 |
- |
0 |
1,173 |
-100 |
|
Finished
goods |
19,734,142 |
22.05 |
16,169,252 |
12.40 |
14,386,005 |
142,933 |
13706 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
130,518 |
-100 |
|
Trade
debtors |
24,316,255 |
13.95 |
21,339,997 |
6.08 |
20,117,323 |
275,059 |
8740 |
|
Cash |
3,498,352 |
0.59 |
3,477,845 |
494 |
585,492 |
114,637 |
2951 |
|
other
amounts receivable |
6,185,121 |
-28.37 |
8,635,027 |
32.46 |
6,518,766 |
245,704 |
2417 |
|
Miscellaneous
current assets |
92,016 |
9.79 |
83,808 |
104 |
41,024 |
145,675 |
-36.83 |
|
Total
current assets |
53,825,886 |
8.29 |
49,705,929 |
19.35 |
41,648,610 |
1,051,462 |
5019 |
|
Total
Assets |
65,508,661 |
5.88 |
61,869,170 |
14.20 |
54,176,766 |
1,522,599
261,648 |
4202 |
|
CURRENT LIABILITIES |
|||||||
|
Trade
creditors |
10,434,356 |
6.26 |
9,819,814 |
-3.68 |
10,195,356 |
217,114 |
4705 |
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
10,385,019 |
47.61 |
7,035,227 |
179 |
2,515,750 |
378,425 24,752 |
2644 |
|
Current
portion of long term debt |
938,675 |
-53.14 |
2,003,332 |
-29.08 |
2,824,868 |
54,939 14,919 |
1608 |
|
Amounts
Payable for Taxes, Remuneration & Social Security |
442,564 |
101 |
219,960 |
-9.64 |
243,414 |
9,382- |
677 |
|
Miscellaneous
current liabilities |
128,534 |
-86.78 |
972,055 |
1188 |
75,440 |
-8.30 |
- - |
|
Total
current liabilities |
22,329,148 |
11.37 |
20,050,388 |
26.46 |
15,854,827 |
550,980 |
3952 |
|
LONG TERM DEBTS AND
LIABILITIES |
|||||||
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other
long term loans |
3,294,287 |
-44.42 |
5,927,211 |
-24.87 |
7,889,363 |
1339 |
- - |
|
Deffered
taxes |
- |
- |
- |
- |
- |
35,622 6,520 |
- |
|
Provisions
for Liabilities & Charges |
0 |
-0 |
-0 |
12,978 0 |
-100 |
||
|
Other
long term liabilities |
0 |
-0 |
-0 |
15,705 |
-100 |
||
|
Total
long term debts |
3,294,287 |
-44.42 |
5,927,211 |
-24.87 |
7,889,363 |
129,777 |
2438 |
|
SHAREHOLDERS EQUITY |
|||||||
|
Issued
share capital |
112,000 |
0 |
112,000 |
0 |
112,000 |
258,483 |
-56.67 |
|
Share
premium account |
- |
- |
- |
- |
- |
415,851 |
- |
|
Reserves |
39,773,226 |
11.16 |
35,779,571 |
18.00 |
30,320,576 |
562,989 |
6964 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
172,917 |
- |
|
Total
shareholders equity |
39,885,226 |
11.13 |
35,891,571 |
17.94 |
30,432,576 |
838,155 |
4658 |
|
Working
capital |
31,496,738 |
6.21 |
29,655,542 |
14.97 |
25,793,783 |
500,481 |
6193 |
|
Cashflow |
6,697,829 |
13.91 |
5,879,985 |
-18.06 |
7,176,237 |
77,535 |
8538 |
|
Net
worth |
39,861,955 |
11.17 |
35,855,704 |
18.01 |
30,384,114 |
827,634 |
4716 |
|
Annual
accounts TRADING
PERFORMANCE |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry
average 2012 |
% |
|
Profit
Before Tax |
8.03 |
9.25 |
7.35 |
-18.15 |
8.98 |
-55,00 |
14.60 |
|
Return
on capital employed |
18.69 |
16.09 |
16.10 |
-17.14 |
19.43 |
-448,00 |
4.17 |
|
Return
on total assets employed |
12.32 |
13.24 |
10.88 |
-20.82 |
13.74 |
-38,00 |
32.42 |
|
Return
on net assets employed |
20.23 |
7.89 |
18.75 |
-23.34 |
24.46 |
-422,00 |
4.79 |
|
Sales
/ net working capital |
3.19 |
3.24 |
3.09 |
-4.04 |
3.22 |
5,00 |
-99 |
|
Stock
turnover ratio |
19.63 |
11.16 |
17.66 |
1.79 |
17.35 |
35,00 |
-43.91 |
|
Debtor
days |
88.28 |
3.77 |
85.07 |
-3.92 |
88.54 |
218,00 |
-59.50 |
|
Creditor
days SHORT
TERM STABILITY |
39.87 |
-2.73 |
40.99 |
-13.21 |
47.23 |
75,00 |
-46.84 |
|
Current
ratio |
2.41 |
-2.82 |
2.48 |
-5.70 |
2.63 |
9,00 |
13.39 |
|
Liquidity
ratio / acid ratio |
1.53 |
-8.38 |
1.67 |
-2.91 |
1.72 |
8,00 |
-80.88 |
|
Current
debt ratio |
0.56 |
0 |
0.56 |
7.69 |
0.52 |
-18,00 |
3.11 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
36.65 |
-12.11 |
41.70 |
-4.07 |
43.47 |
356,00 |
-89.71 |
|
Equity
in percentage |
60.91 |
4.93 |
58.05 |
3.26 |
56.22 |
-1.115,00 |
5.46 |
|
Total
debt ratio |
0.64 |
-11.11 |
0.72 |
-7.69 |
0.78 |
-14,00 |
4.57 |
Payment
Information
Suspension
of payments / moratorium history
Amount
-
|
Payment
expectation days |
39.87 |
|
Day
sales outstanding |
88.28 |
|
Industry
comparison |
|
|
Activity
code |
46412 |
|
Activity
description |
Wholesale
of household textiles and bedding |
|
Industry
average payment expectation days |
74.47 |
|
Industry
average day sales |
97.64 |
|
Payment expectations |
|
|
Company result |
39.87 |
|
Lower |
79.46 |
|
Median |
39.28 |
|
Upper |
11 |
|
Day sales outstanding |
|
|
Company result |
88.28 |
|
Lower |
86.69 |
|
Median |
40.34 |
Summary
Group - Number of Companies 9
Linkages - Number of Companies 1
Number of Countries 1
|
Company
name |
|
Number |
Latest
Rating financials |
|
|
-
BRU GROUP NV |
|
882938540 |
31-12-2012
82 |
|
|
-
- BRU TEXTILES NV |
|
453835284 |
31-12-2012
97 |
|
|
—
BRU RESOURCE LTD SOC.ETR. E.P.B. |
|
|||
|
PROFITEX SOC.ETR. E.P.B. |
|
|||
|
ZU DESIGN TEXTILE COMPANY LTD
SOC.ETR. E... |
|
|||
|
-
- FR-ONE NV |
|
884162225 |
31-12-2012
74 |
|
|
-
-LABOTEX NV |
|
894137288 |
31-12-2012
89 |
|
|
-
-TEXPRO NV |
|
862709090 |
31-12-2012
N/R |
|
|
-
- ZARO NV |
|
464715617 |
31-12-2012
76 |
|
Minority
Interests
|
Business Company name number |
|
860812939 Precision Operations NV |
|
- ACCORDO SOC.ETR.
E.P.B. |
|
SHAREHOLDER
NAME |
||||
|
Forename |
Jason |
Middle
name |
- |
|
|
Surname |
Neiman |
|
|
|
|
SHAREHOLDER
DETAILS |
|
|
|
|
|
Start
date |
14/04/1998 |
End
date |
- |
|
|
Percentage
owned |
- |
|
|
|
|
SHAREHOLDER
ADDRESS |
|
|
|
|
|
Street
name |
Gladiolenlaan |
House
number |
6 |
|
|
Minor
town |
's
Gravenwezel |
Postal
town |
Schilde |
|
|
Post
code |
2970 |
Country |
Belgium |
|
|
SHAREHOLDER
NAME |
||||
|
Forename |
Gary |
Middle
name |
- |
|
|
Surname |
Neiman |
|
|
|
|
SHAREHOLDER
DETAILS |
|
|
|
|
|
Start
date |
14/04/1998 |
End
date |
- |
|
|
Street
name |
Gladiolenlaan |
House
number |
|
6 |
|
Minor
town |
's
Gravenwezel |
Postal
town |
|
Schilde |
|
Post
code |
2970 |
Country |
|
Belgium |
|
Companies
that match this address |
||||
|
Business
number 440085733
464715617 |
Company
name B
AND N TRADING BVBA ZARO NV |
Rating 54
76 |
Limit 0 260000 |
Date
of accounts 31/12/2012
31/12/2012 |
|
500958379 |
BRU |
91 |
4500 |
- |
|
833712525 |
UV
PRO NV |
62 |
6000 |
31/12/2012 |
|
860812939 |
PRECISION
OPERATIONS NV |
96 |
30000 |
31/12/2012 |
|
862709090 |
TEXPRO
NV |
- |
- |
31/12/2012 |
|
882938540 |
BRU
GROUP NV |
82 |
11000 |
31/12/2012 |
|
884162225 |
FR-ONE
NV |
74 |
21500 |
31/12/2012 |
|
890650139 |
GAJA
NV |
62 |
4500 |
31/12/2012 |
|
894137288 |
LABOTEX
NV |
89 |
10000 |
31/12/2012 |
Linked
Companies
Summary
Group
- Number of Companies 9
Linkages
- Number of Companies 1
Number
of Countries 1
Linked
Companies
NAME NUMBER LATESTKE TURNOVER
PRECISION
OPERATIONS NV 860812939 31.12.2012 €1.209.526
Protested
bills
Drawee
name -
Address -
Bill
amount -
Bill
currency -
Maturity
of bill -
Name
of drawer -
City
of drawer -
NSSO
details
Business
number 453835284
Name
of defendant -
Bankruptcy
details
There
is no bankruptcy data against this company
|
Legal event type |
Fragmentation |
||
|
Legal event sub type |
|
||
|
Event date |
31/07/2013 |
Secondary event date |
|
|
3rd party name |
Zaro |
3rd party type |
Absorbing Company |
|
3rd party address |
Satenrozen, 2 A Kontich 2550 |
||
|
|
|||
|
Legal event type |
Fragmentation |
||
|
Legal event sub type |
|
||
|
Event date |
31/07/2013 |
Secondary event date |
|
|
3rd party name |
Bru Textiles |
3rd party type |
Fragmented Company |
|
3rd party address |
Satenrozen, 2 A Kontich 2550 |
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.14 |
|
|
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.80.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.