|
Report Date : |
11.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ARCOS-BELGIUM NV |
|
|
|
|
Registered Office : |
Lange Herentalsestraat 62-70, 2018 Antwerp |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
27.05.1998 |
|
|
|
|
Com. Reg. No.: |
463468572 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
|
|
|
|
No. of Employees : |
4 |
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 : |
Slow but correct |
|
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 |
463468572 |
|
Company
name |
ARCOS-BELGIUM
NV |
|
Address |
LANGE
HERENTALSESTRAAT 62-70 |
|
|
2018
ANTWERP |
|
Number
of staff |
4 |
|
Date
of establishment |
27/05/1998 |
|
Telephone
number |
032271870 |
|
Fax
number |
032271870 |
The business was established over 16 years ago.
The business has 1 employees.
The business has been at the address for over 14 years.
Operating Result in the latest trading period decreased 93% on the
previous trading period.
A 48% growth in Total Assets occurred during the latest trading period.
Pre-tax profits decreased by 93% compared to the previous trading
period.
The business saw a decrease in their Cash Balance of 77% during the
latest trading period.
Turnover in the latest trading period increased 146% on the previous
trading period.
Accounts
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2012 |
45,454,605 |
77,635 |
1,392,567 |
1,253,064 |
|
31/12/2011 |
18,453,395 |
1,292,627 |
1,375,523 |
1,244,171 |
|
31/12/2010 |
23,769,312 |
1,920,097 |
951,443 |
797,894 |
|
Accounts |
||||
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
10,305,714 |
4 |
60,800 |
91,916 |
|
31/12/2011 |
6,963,243 |
4 |
62,000 |
893,737 |
|
31/12/2010 |
2,243,291 |
4 |
62,000 |
1,431,188 |
Payment
expectations
Past payments Payment
expectation days 68.74
Industry average payment
expectation days 164.62
Industry average
day sales
Outstanding 125.64
Day sales outstanding 1.83
Court data summary
BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons –
Business number 463468572
Company name ARCOS-BELGIUM NV
Fax number 032271870
Date founded 27/05/1998
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.0463.468.572
Check
VAT number
Belgian Bullettin of Acts
Publications moniteur
belge
|
Social
Balance Sheet |
|
Total |
|
|
|
During
the reporting year ended 31-12-2012 |
||||
|
Full-time
Employees |
|
4 |
|
|
|
Part-time
Employees |
|
- |
|
|
|
Total
Fte Employees |
|
4 |
|
|
|
|
||||
|
Number
of hours worked |
||||
|
Full-time
Employees |
|
7,144 |
|
|
|
Part-time
Employees |
|
- |
|
|
|
Total |
|
7,144 |
|
|
|
|
||||
|
Personnel
Charges |
||||
|
Full-time
Employees |
|
554,565 |
|
|
|
Part-time
Employees |
|
- |
|
|
|
Total |
|
554,565 |
|
|
|
Benefits
In Addition To Wages |
- |
|
|
|
|
|
||||
|
During
the previous reporting year |
||||
|
Average
number employees in Fte |
4 |
|
|
|
|
Actual
working hours |
|
7,047 |
|
|
|
Personnel
Charges |
|
525,396 |
|
|
|
Benefits
In Addition To Wages |
- |
|
|
|
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited
Duration Contracts |
4 |
- |
4 |
|
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 |
3 |
- |
3 |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
- |
- |
- |
|
Secondairy
education |
1 |
- |
1 |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
|
|||
|
|
|||
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
4 |
- |
4 |
|
Blue
collar worker |
- |
- |
- |
|
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 |
- |
- |
- |
|
Leavers |
- |
- |
- |
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 |
|
|
JIC
Code |
324.02 |
|
Description |
JSC
small merchandisers in the diamant industry and trade |
|
category |
|
|
Significant
Events |
|
|
Event
Date |
15/06/2010 |
|
Event
Description |
re-appointment
of director(s) |
|
Event
Details |
Commentaar
15-06-2010: Herbenoeming bestuurders voor een periode tot na de |
|
|
jaarvergadering
van 2016: Panchekhin Sergey (tevens gedelegeerd bestuurder en |
|
|
voorzitter),
Kurochkin Oleg en de vennootschap Alrosa Co Ltd. |
|
Event
Date |
12/10/2006 |
|
Event
Description |
resignation-appointment
of director(s) |
|
Event
Details |
Commentaar
12-10-2006: Verkiezing en aanstelling raad van bestuur: Alrosa Co LTD |
|
|
(voorzitter
raad van bestuur), Ageychnko Yury (vice voorzitter raad van bestuur),
Vakhterkina, |
|
|
Svetlana
(secretaris raad van bestuur). |
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average
2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
45,454,605 |
146 |
18,453,395 |
-22.36 |
23,769,312 |
46,485,458 |
-2.22 |
|
Total operating expenses |
45,363,733 |
164 |
17,148,817 |
-21.46 |
21,835,459 |
46,114,879 |
-1.63 |
|
Operating result |
90,872 |
-93.03 |
1,304,578 |
-32.54 |
1,933,852 |
140,970 |
-35.54 |
|
Total financial income |
83,784 |
22013 |
379 |
-88.17 |
3,203 |
98,884 |
-15.27 |
|
Total financial expenses |
97,020 |
686 |
12,331 |
-27.29 |
16,958 |
206,312 |
-52.97 |
|
Results on ordinary operations before
taxation |
77,635 |
-93.99 |
1,292,627 |
-32.68 |
1,920,097 |
25,266 |
207 |
|
Taxation |
19,743 |
-95.56 |
444,965 |
-17.11 |
536,826 |
20,807 |
-5.11 |
|
Results on ordinary operations after taxation |
57,892 |
-93.17 |
847,661 |
-38.72 |
1,383,271 |
10,475 |
452 |
|
Extraordinary items |
0 |
- |
0 |
0 |
-12,084 |
-3,969 |
0 |
|
Other appropriations |
0 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net result OTHER INFORMATION |
57,892 |
-93.17 |
847,661 |
-38.18 |
1,371,187 |
6,525 |
787 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
56,835 |
- |
|
Dividends |
14,473 |
-96.59 |
423,831 |
30.26 |
325,385 |
172,177 |
-91.59 |
|
Director remuneration |
- |
- |
- |
- |
- |
112,544 |
- |
|
Employee costs |
554,565 |
3.51 |
535,765 |
33.03 |
402,754 |
125,946 |
340 |
|
Wages and salary |
391,902 |
-3.92 |
407,887 |
37.85 |
295,890 |
105,550 |
271 |
|
Employee pension costs |
- |
- |
- |
- |
- |
14,428 |
- |
|
Social security contributions |
124,264 |
29.11 |
96,249 |
16.81 |
82,396 |
26,656 |
366 |
|
Other employee costs |
38,399 |
21.40 |
31,629 |
29.27 |
24,468 |
4,344 |
783 |
|
Amortization and depreciation |
34,024 |
-26.16 |
46,076 |
-23.21 |
60,001 |
17,811 |
91.03 |
|
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 |
80 |
- |
332 |
- |
582 |
1,571 |
-94.91 |
|||||
|
Tangible fixed assets |
134,073 |
6.56 |
125,814 |
-17.16 |
151,875 |
184,117 |
-27.18 |
|||||
|
Land & building |
- |
- |
- |
- |
- |
362,988 |
- |
|||||
|
Plant & machinery |
128,748 |
8.90 |
11
8,224 |
-16.81 |
142,108 |
22,615 |
469 |
|||||
|
Furniture & Vehicles |
5,325 |
-29.85 |
7,591 |
-22.28 |
9,766 |
17,295
5,364 |
-69.21 |
|||||
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
142,153
32,369 |
- |
|||||
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
7,588 |
-100 |
|||||
|
Financial fixed assets |
5,431 |
-1.93 |
5,538 |
230 |
1,674 |
306,282 |
-98.23 |
|||||
|
Total fixed assets |
139,584 |
6.00 |
1
31,684 |
-14.56 |
154,130 |
394,259 |
-64.60 |
|||||
|
Inventories |
9,322,809 |
128 |
4,079,550 |
- |
- |
3,102,024 |
200 |
|||||
|
Raw materials & consumables |
- |
- |
- |
- |
- |
7,209,884 |
- |
|||||
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,384 |
-100 |
|||||
|
Finished goods |
9,322,809 |
128 |
4,079,550 |
- |
0 |
1,994,651 |
367 |
|||||
|
Other stocks |
0 |
- |
0 |
- |
0 |
569,553 |
-100 |
|||||
|
Trade debtors |
228,445 |
16.20 |
1
96,589 |
-1.76 |
200,108 |
4,239,087 |
-94.61 |
|||||
|
Cash |
573,883 |
-77.16 |
2,512,617 |
36.03 |
1,847,170 |
227,241 |
152 |
|||||
|
other amounts receivable |
32,935 |
3.76 |
31,742 |
-1.47 |
32,216 |
209,025 |
-84.24 |
|||||
|
Miscellaneous current assets |
8,058 |
-27.15 |
11,061 |
14.44 |
9,666 |
18,235 |
-55.81 |
|||||
|
Total current assets |
10,166,130 |
48.81 |
6,831,559 |
227 |
2,089,160 |
7,321,447 |
38.85 |
|||||
|
Total Assets |
10,305,714 |
48.00 |
6,963,243 |
210 |
2,243,291 |
7,675,911
1,453,566 |
34.26 |
|||||
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|||||
|
Trade creditors |
8,543,281 |
102 |
4,227,105 |
3135 |
130,630 |
3,144,774 |
171 |
|||||
|
Short term group loans |
- |
- |
- |
- |
- |
- |
- |
|||||
|
Financial debts |
- |
- |
- |
- |
- |
4,280,807
189,666 |
- |
|||||
|
Current portion of long
term debt |
225,854 |
-1.94 |
230,311 |
3.27 |
223,021 |
110,204
15,373 |
104 |
|||||
|
Amounts Payable for
Taxes, Remuneration & Social Security |
122,116 |
-82.67 |
704,755 |
15.33 |
611,080 |
9,740
- |
258 |
|||||
|
Miscellaneous current
liabilities |
21,815 |
-94.87 |
425,217 |
30.22 |
326,535 |
-92.67 |
- - |
|||||
|
Total current
liabilities |
8,913,066 |
59.52 |
5,587,388 |
332 |
1,291,266 |
5,457,561 |
63.32 |
|||||
|
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 |
3,165
0 |
-100 |
|||||
|
Other long term liabilities |
1 |
- |
0 |
- |
0 |
127,897 |
-99 |
|||||
|
Total long term debts SHAREHOLDERS EQUITY |
1 |
|
0 |
|
0 |
562,239 |
-99 |
|||||
|
Issued share capital |
60,800 |
-1.94 |
62,000 |
0 |
62,000 |
967,416 |
-93.72 |
|||||
|
Share premium account |
- |
- |
- |
- |
- |
109,362 |
- |
|||||
|
Reserves |
1,331,847 |
1.37 |
1,313,855 |
47.62 |
890,025 |
653,158 |
103 |
|||||
|
Revaluation reserve |
- |
- |
- |
- |
- |
939,206 |
- |
|||||
|
Total shareholders equity |
1,392,647 |
1.22 |
1,375,855 |
44.52 |
952,025 |
1,650,062 |
-15.60 |
|||||
|
Working capital |
1,253,064 |
0.71 |
1,244,171 |
55.93 |
797,894 |
1,863,886 |
-32.77 |
|||||
|
Cashflow |
91,916 |
-89.72 |
893,737 |
-37.55 |
1,431,188 |
21,260 |
332 |
|||||
|
Net worth |
1,392,567 |
1.24 |
1,375,523 |
44.57 |
951,443 |
1,646,834 |
-15.44 |
|||||
|
Annual
accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average
2012 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit Before Tax |
0.17 |
-97.57 |
7 |
-13.37 |
8.08 |
-29,00 |
0.59 |
|
Return on capital employed |
5.57 |
-94.07 |
93.95 |
-53.42 |
201.69 |
29,00 |
-80.79 |
|
Return on total assets employed |
0.75 |
-95.96 |
18.56 |
-78.32 |
85.59 |
-200,00 |
0.38 |
|
Return on net assets employed |
5.57 |
-94.07 |
93.95 |
-53.42 |
201.69 |
19,00 |
-70.68 |
|
Sales / net working capital |
36.27 |
144 |
14.83 |
-50.22 |
29.79 |
44,00 |
-99 |
|
Stock turnover ratio |
20.51 |
-7.24 |
22.11 |
- |
- |
116,00 |
-82.32 |
|
Debtor days |
1.83 |
-52.96 |
3.89 |
26.71 |
3.07 |
143,00 |
-98.72 |
|
Creditor days SHORT TERM STABILITY |
68.74 |
-23.60 |
89.97 |
4027 |
2.18 |
125,00 |
-45.01 |
|
Current ratio |
1.14 |
-6.56 |
1.22 |
-24.69 |
1.62 |
6,00 |
-87.33 |
|
Liquidity ratio / acid ratio |
0.09 |
-81.63 |
0.49 |
-69.75 |
1.62 |
4,00 |
-97.75 |
|
Current debt ratio |
6.40 |
57.64 |
4.06 |
198 |
1.36 |
9,00 |
-28.89 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
16.22 |
-3.11 |
16.74 |
-28.55 |
23.43 |
357,00 |
-95.46 |
|
Equity in percentage |
13.51 |
-31.63 |
19.76 |
-53.45 |
42.45 |
-3.189,00 |
0.42 |
|
Total debt ratio |
6.40 |
57.64 |
4.06 |
198 |
1.36 |
11,00 |
-41.82 |
|
Payment
expectations |
|
|
Payment expectation days |
68.74 |
|
Day sales outstanding |
1.83 |
|
Industry
comparison |
|
|
Activity code |
46761 |
|
Activity
description |
Wholesale
of diamonds and other precious stones |
|
Industry
average payment |
164.62 |
|
expectation
days |
|
|
Industry
average day sales |
125.64 |
|
outstanding |
|
|
Industry
quartile analysis |
|
|
Payment
expectations |
|
|
Company
result |
68.74 |
|
Lower |
134.13 |
|
Median |
84.93 |
|
Upper |
45.40 |
|
Day
sales outstanding |
|
|
Company
result |
1.83 |
|
Lower |
110.17 |
|
Median |
59.01 |
|
Upper |
28.09 |
Group
Structure
No
group structure for this company.
Minority
Shareholders
No
minority shareholders found
Minority
Interests
No
minority interests found
NSSO
details
Business
number 463468572
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.59.26 |
|
|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.80.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.