|
Report Date : |
06.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GEMMATA NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 2, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
16.02.1983 |
|
|
|
|
Com. Reg. No.: |
423797948 |
|
|
|
|
Legal Form : |
Public
Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Wholesaler
of diamonds and other precious stones |
|
|
|
|
No. of Employees : |
3 |
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 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 |
Business number 423797948
Company name GEMMATA NV
Address HOVENIERSSTRAAT
2
2018 ANTWERPEN
Number of staff 3
Date of establishment 16/02/1983
Telephone number 032338757
Fax number 032329822
The business was established over 31 years ago.
The business has 1 employees.
The business is part of a group.
This business has a foreign parent business.
The business has been at the address for over 26 years.
Operating Result in the latest trading period decreased 23% on the
previous trading period.
Pre-tax profits increased by 95% compared to the previous trading
period.
|
DATE OF LATEST
ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2012 |
35,350,813 |
64,722 |
3,152,677 |
2,952,015 |
|
31/12/2011 |
36,897,503 |
33,190 |
3,099,916 |
2,869,543 |
|
31/12/2010 |
25,417,182 |
30,138 |
3,070,110 |
2,912,461 |
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
5,961,447 |
3 |
278,880 |
75,154 |
|
31/12/2011 |
6,592,603 |
3 |
278,880 |
44,853 |
|
31/12/2010 |
6,994,591 |
3 |
278,880 |
36,699 |
|
Past payments |
|
Payment expectation days |
28.87 |
|
Industry average payment |
167.34 |
Industry average day sales |
121.35 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
26.56 |
||
|
Court data summary |
|||
|
BANKRUPTCY DETAILS |
|||
|
Court action type |
no |
||
|
PROTESTED BILLS |
|||
|
Bill amount |
- |
||
|
NSSO DETAILS |
|||
|
Date of summons |
- |
||
|
Business number |
423797948 |
Company name |
GEMMATA NV |
|
Fax number |
032329822 |
Date founded |
16/02/1983 |
|
Company status |
active |
Company type |
Public Limited Liability
Company (BE) |
|
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.0423.797.948 |
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
|
Social Balance Sheet |
Total |
||
|
During the reporting year ended 31-12-2012 |
|
||
|
Full-time Employees |
2 |
||
|
Part-time Employees |
2 |
||
|
Total Fte Employees |
4 |
||
|
|
|
||
|
Number of hours worked |
|
||
|
Full-time Employees |
3,520 |
||
|
Part-time Employees |
2,780 |
||
|
Total |
6,300 |
||
|
|
|
||
|
Personnel Charges |
|
||
|
Full-time Employees |
77,833 |
||
|
Part-time Employees |
61,474 |
||
|
Total |
139,307 |
||
|
Benefits In Addition To Wages |
- |
||
|
|
|
||
|
During the previous reporting year |
|
||
|
Average number employees in Fte |
4 |
||
|
Actual working hours |
6,364 |
||
|
Personnel Charges |
133,295 |
||
|
Benefits In Addition To Wages |
- |
||
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration
Contracts |
2 |
2 |
4 |
|
Limited Duration Contracts |
- |
- |
- |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding Substitution |
- |
- |
- |
|
Gender and Education Level |
|
||
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
2 |
- |
2 |
|
Secondairy education |
- |
- |
- |
|
Higher education (non
university) |
- |
- |
- |
|
Higher education
(university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
- |
2 |
2 |
|
Higher education (non
university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
|
|||
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
1 |
2 |
3 |
|
Blue collar worker |
1 |
- |
1 |
|
Other |
- |
- |
- |
|
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 |
27/06/2013 |
|
Event
Description |
re-appointment
of director(s) |
|
Event
Details |
Commentaar
27-06-2013: Herbenoemd als bestuurders voor een periode van 6 jaar : Jan Leemans
(als gedelegeerd bestuurder), Stefaan Leemans en Dennis Leemans. |
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry
average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
35,350,813 |
-4.19 |
36,897,503 |
45.17 |
25,417,182 |
46,632,531 |
24.19 |
|
Total operating expenses |
35,180,779 |
-4.07 |
36,673,912 |
45.23 |
25,252,004 |
46,240,618 |
23.92 |
|
Operating result |
170,034 |
23.95 |
223,591 |
35.36 |
165,178 |
147,817 |
15.03 |
|
Total financial income |
1,652 |
69.58 |
5,432 |
32.48 |
8,046 |
97,084 |
98.30 |
|
Total financial expenses |
106,964 |
45.38 |
195,833 |
36.86 |
143,086 |
203,915 |
47.54 |
|
Results on ordinary operations before taxation |
64,722 |
95.01 |
33,190 |
10.13 |
30,138 |
32,736 |
97.71 |
|
Taxation |
7 |
462 |
1 |
- |
- |
20,918 |
-99 |
|
Results on ordinary operations after taxation |
64,715 |
94.99 |
33,189 |
10.12 |
30,138 |
17,844 |
262 |
|
Extraordinary items |
-12,380 |
-224 |
-3,809 |
- |
0 |
-4,553 |
-171 |
|
Other appropriations |
0.00 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net result |
52,335 |
78.14 |
29,379 |
-2.52 |
30,138 |
13,309 |
293 |
|
OTHER INFORMATION |
|||||||
|
Dividends |
- |
- |
- |
- |
- |
172,177 |
- |
|
Director remuneration |
- |
- |
- |
- |
- |
114,302 |
- |
|
Employee costs |
139,307 |
4.51 |
133,295 |
20.29 |
110,814 |
126,646 |
10.00 |
|
Wages and salary |
104,765 |
2.96 |
101,751 |
19.82 |
84,918 |
106,139 |
-1.29 |
|
Employee pension costs |
- |
- |
- |
- |
- |
14,428 |
- |
|
Social security
contributions |
28,788 |
10.59 |
26,031 |
31.03 |
19,866 |
26,753 |
7.61 |
|
Other employee costs |
5,754 |
4.38 |
5,512 |
-8.57 |
6,029 |
4,402 |
30.72 |
|
Amortization and depreciation |
22,818 |
47.47 |
15,474 |
135 |
6,561 |
17,955 |
27.09 |
|
Annual
accounts |
31-122012 |
% |
31-122011 |
% |
31-122010 |
Industry
average 2012 |
% |
||||||
|
Weeks |
52 |
|
52 |
|
52 |
|
|
||||||
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
||||||
|
Intangible fixed assets |
1,187 |
- |
1,613 |
- |
2,039 |
1,570 |
24.37 |
||||||
|
Tangible fixed assets |
74,536 |
16.41 |
89,171 |
1067 |
7,638 |
184,414 |
59.58 |
||||||
|
Land & building |
- |
- |
- |
- |
- |
359,608 |
- |
||||||
|
Plant & machinery |
19,409 |
11.06 |
17,477 |
134 |
7,446 |
22,793 |
14.85 |
||||||
|
Furniture & Vehicles |
55,127 |
23.11 |
71,694 |
37159 |
192 |
17,438 5,418 |
216 |
||||||
|
Leasing & Other
Similar Rights |
- |
- |
- |
- |
- |
142,153 32,369 |
- |
||||||
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
7,711 |
-100 |
||||||
|
Financial fixed assets |
126,125 |
10.68 |
141,202 |
-5.87 |
150,012 |
294,763 |
57.21 |
||||||
|
Total fixed assets |
201,849 |
12.99 |
231,986 |
45.27 |
159,689 |
387,230 |
47.87 |
||||||
|
Inventories |
2,588,787 |
14.70 |
3,034,946 |
13.47 |
2,674,737 |
3,092,433 |
16.29 |
||||||
|
Raw materials &
consumables |
- |
- |
- |
- |
- |
7,209,884 |
- |
||||||
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,426 |
-100 |
||||||
|
Finished goods |
2,588,787 |
14.70 |
3,034,946 |
13.47 |
2,674,737 |
1,981,611 |
30.64 |
||||||
|
Other stocks |
0 |
- |
0 |
- |
0 |
574,617 |
-100 |
||||||
|
Trade debtors |
2,572,128 |
-5.55 |
2,723,249 |
5.43 |
2,582,962 |
4,172,397 |
38.35 |
||||||
|
Cash |
276,403 |
3.01 |
268,339 |
79.21 |
1,290,565 |
226,713 |
21.92 |
||||||
|
other amounts receivable |
294,532 |
-0.67 |
296,517 |
26.91 |
233,637 |
184,589 |
59.56 |
||||||
|
Miscellaneous current assets |
27,748 |
26.14 |
37,566 |
29.12 |
53,001 |
17,803 |
55.86 |
||||||
|
Total current assets |
5,759,598 |
-9.45 |
6,360,617 |
-6.94 |
6,834,902 |
7,222,269 |
20.25 |
||||||
|
Total Assets |
5,961,447 |
-9.57 |
6,592,603 |
-5.75 |
6,994,591 |
7,577,514 1,453,566 |
21.33 |
||||||
|
CURRENT LIABILITIES |
|||||||||||||
|
Trade creditors |
2,782,720 |
12.76 |
3,189,548 |
18.18 |
3,898,409 |
3,066,773 |
-9.26 |
||||||
|
Short term group loans |
- |
- |
- |
- |
- |
- |
- |
||||||
|
Financial debts |
- |
- |
275,382 |
98173 |
280 |
4,242,556 192,320 |
- |
||||||
|
Current portion of long term debt |
- |
- |
- |
- |
- |
108,079 15,346 |
- |
||||||
|
Amounts Payable for
Taxes, Remuneration & Social Security |
24,862 |
-4.90 |
26,144 |
10.07 |
23,752 |
9,423 - |
26.67 |
||||||
|
Miscellaneous current liabilities |
0 |
- |
0 |
- |
0 |
-100 |
- - |
||||||
|
Total current liabilities |
2,807,583 |
19.58 |
3,491,074 |
11.00 |
3,922,442 |
5,360,460 |
47.62 |
||||||
|
LONG TERM DEBTS AND LIABILITIES |
|||||||||||||
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- - |
||||||
|
Other long term loans |
- |
- |
- |
- |
- |
- |
- - |
||||||
|
Deffered taxes |
- |
- |
- |
- |
- |
37,626 26,358 |
- |
||||||
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,220 0 |
-100 |
||||||
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
129,765 |
-100 |
||||||
|
Total long term debts |
0 |
- |
0 |
- |
0 |
562,577 |
-100 |
||||||
|
SHAREHOLDERS EQUITY |
|||||||||||||
|
Issued
share capital |
278,880 |
0 |
278,880 |
0 |
278,880 |
911,094 |
69.39 |
||||||
|
Share
premium account |
- |
- |
- |
- |
- |
109,362 |
- |
||||||
|
Reserves |
2,874,984 |
1.85 |
2,822,649 |
1.05 |
2,793,269 |
699,735 |
310 |
||||||
|
Revaluation
reserve |
- |
- |
- |
- |
- |
968,672 |
- |
||||||
|
Total
shareholders equity |
3,153,864 |
1.69 |
3,101,529 |
0.96 |
3,072,150 |
1,640,673 |
92.23 |
||||||
|
Working
capital |
2,952,015 |
2.87 |
2,869,543 |
-1.47 |
2,912,461 |
1,861,809 |
58.56 |
||||||
|
Cashflow |
75,154 |
67.56 |
44,853 |
22.22 |
36,699 |
28,110 |
167 |
||||||
|
Net
worth |
3,152,677 |
1.70 |
3,099,916 |
0.97 |
3,070,110 |
1,637,427 |
92.54 |
||||||
|
Annual
accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average 2012 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit Before Tax |
0.18 |
100 |
0.09 |
-25.00 |
0.12 |
-26,00 |
0.69 |
|
Return on capital employed |
2.05 |
91.59 |
1.07 |
9.18 |
0.98 |
29,00 |
-92.93 |
|
Return on total assets employed |
1.09 |
118 |
0.50 |
16.28 |
0.43 |
-203,00 |
0.54 |
|
Return on net assets employed |
2.05 |
91.59 |
1.07 |
9.18 |
0.98 |
19,00 |
-89.21 |
|
Sales / net working capital |
11.98 |
-6.84 |
12.86 |
47.31 |
8.73 |
45,00 |
-99 |
|
Stock turnover ratio |
7.32 |
-11.06 |
8.23 |
-21.77 |
10.52 |
111,00 |
-93.41 |
|
Debtor days |
26.56 |
-1.41 |
26.94 |
-27.37 |
37.09 |
133,00 |
-80.03 |
|
Creditor days |
28.87 |
-9.04 |
31.74 |
-43.67 |
56.35 |
122,00 |
-76.34 |
|
SHORT TERM STABILITY |
|||||||
|
Current ratio |
2.05 |
12.64 |
1.82 |
4.60 |
1.74 |
7,00 |
-77.22 |
|
Liquidity ratio / acid ratio |
1.13 |
18.95 |
0.95 |
-10.38 |
1.06 |
4,00 |
-71.75 |
|
Current debt ratio |
0.89 |
-21.24 |
1.13 |
-11.72 |
1.28 |
9,00 |
-90.11 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|||||||
|
Gearing |
- |
- |
8.88 |
88700 |
0.01 |
363,00 |
- |
|
Equity in percentage |
52.91 |
12.43 |
47.06 |
7.12 |
43.93 |
-3.247,00 |
1.63 |
|
Total debt ratio |
0.89 |
-21.24 |
1.13 |
-11.72 |
1.28 |
11,00 |
-91.91 |
|
Payment expectation days |
28.87 |
|
Day sales outstanding |
26.56 |
|
Activity code |
46761 |
|
Activity description |
Wholesale
of diamonds and other precious stones |
|
Industry average payment expectation days |
167.34 |
|
Industry
average day sales outstanding |
121.35 |
|
Payment expectations |
|
|
Company result |
28.87 |
|
Lower |
134.58 |
|
Median |
84.93 |
|
Upper |
45.17 |
|
Company result |
26.56 |
|
Lower |
112.48 |
|
Median |
58.70 |
|
Upper |
28.11 |
|
Group
- Number of Companies |
3 |
|||
|
Linkages
- Number of Companies |
3 |
|||
|
Number
of Countries |
3 |
|||
|
Company
name |
|
Number |
Latest financials |
|
|
-GEMMATA
NV |
|
423797948 |
31-12-2012 |
|
|
- - BOOBIJOU BVBA |
|
879633810 |
31-12-2012 |
|
|
- - APHRODIAMANTE
GMBH |
|
HRB 14218 P |
31-12-2012 |
|
|
Business
number |
423797948 |
|
Name of defendant |
- |
|
Legal form of defendant |
- |
|
Date of summons |
- |
|
Labour court |
- |
There is no bankruptcy data against this company
there is no data for this company
Current director details
|
Name |
JAN
LEEMANS |
|
Position |
Managing
Director |
|
Start Date |
18/09/2007 |
|
Street |
0
THE RESIDENCES BD T2 PHASE 1 HALLE |
|
Post code |
1501 |
|
Country |
Belgium |
|
|
|
|
Name |
STEFAAN
LEEMANS |
|
Position |
Director |
|
Start Date |
29/07/2011 |
|
End Date |
27/06/2019 |
|
Street |
12
LEOPOLD GILLESLAAN ANTWERPEN |
|
Post code |
2100 |
|
Country |
Belgium |
|
|
|
|
Name |
DENNIS
NICOLE GUY LEEMANS |
|
Position |
Director |
|
Start Date |
01/01/2011 |
|
End Date |
27/06/2019 |
|
Date of birth |
19/10/1984 |
|
Street |
12
LEOPOLD GILISLAAN ANTWERPEN |
|
Post code |
2100 |
|
Country |
Belgium |
|
|
|
|
Name |
STEFAN
LEEMANS |
|
Position |
Director |
|
Start Date |
01/01/2005 |
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. 59.29 |
|
|
1 |
Rs. 99.34 |
|
Euro |
1 |
Rs. 80.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.