MIRA INFORM REPORT
|
Report Date : |
16.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
BARSAMIAN DIAMONDS NV |
|
|
|
|
Registered Office : |
Pelikaanstraat 62, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.02.1961 |
|
|
|
|
Com. Reg. No.: |
404932537 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALER OF DIAMONDS AND OTHER PRECIOUS STONES |
|
|
|
|
No. of Employees : |
10 |
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 : |
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 |
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 |
REGISTERED
NAME & COMPANY SUMMARY
|
Business
number |
404932537 |
||
|
Company
name |
BARSAMIAN DIAMONDS NV |
||
|
Address |
PELIKAANSTRAAT 62 |
||
|
|
2018 ANTWERPEN |
||
|
Number
of staff |
12 |
||
|
Date of
establishment |
01/02/1961 |
||
|
Telephone
number |
033452324 |
||
|
Fax
number |
032342668 |
||
|
Business
number |
404932537 |
Company
name |
BARSAMIAN DIAMONDS NV |
|
Fax
number |
032342668 |
Date
founded |
01/02/1961 |
|
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.0404.932.537 |
|
Belgian
Bullettin of Acts Publications |
|
|
|
DIRECTORS/MANAGEMENT
Current director details
|
Name |
|
|
Position
|
Director |
|
Start
Date |
28/07/2008 |
|
Date
of birth |
10/04/1950 |
|
Street
|
4 KOMEDIEPLAATS ANTWERPEN |
|
Post
code |
2000 |
|
Country
|
Belgium |
|
|
|
|
Name |
|
|
Position
|
Director |
|
Start
Date |
01/10/2012 |
|
End
Date |
28/05/2014 |
|
Street
|
68 RUE D'ANGOUSSART WAVER |
|
Post
code |
1301 |
|
Country
|
Belgium |
|
|
|
|
Name |
|
|
Position
|
Director |
|
Start
Date |
01/10/2012 |
|
End
Date |
28/05/2014 |
|
Street
|
68 RUE D'ANGOUSSART WAVER |
|
Post
code |
1301 |
|
Country
|
Belgium |
|
|
|
|
Name |
|
|
Position
|
Director |
|
Start
Date |
28/05/2008 |
|
End
Date |
28/05/2014 |
|
Date
of birth |
25/02/2002 |
|
Street
|
62 PELIKAANSTRAAT ANTWERPEN |
|
Post
code |
2018 |
|
Country
|
Belgium |
|
|
|
|
Name |
|
|
Position
|
Legal Representative |
|
Start
Date |
28/05/2008 |
|
Date
of birth |
25/02/2002 |
|
Street
|
62 PELIKAANSTRAAT ANTWERPEN |
|
Post
code |
2018 |
|
Country
|
Belgium |
|
|
|
|
Name |
|
|
Position
|
Managing Director |
|
Start
Date |
28/05/2008 |
|
Date
of birth |
14/05/1952 |
|
Street
|
42 RUE DES TEMPLIERS WAVER |
|
Post
code |
1301 |
|
Country
|
Belgium |
|
|
|
|
Name |
|
|
Position
|
Director |
|
Start
Date |
13/01/2003 |
|
Date
of birth |
14/05/1952 |
|
Street
|
42 RUE DES TEMPLIERS WAVER |
|
Post
code |
1301 |
|
Country
|
Belgium |
|
|
|
|
Name |
|
|
Position
|
Chairman of the Board |
|
Start
Date |
20/12/2002 |
|
Date
of birth |
14/05/1952 |
|
Street
|
42 RUE DES TEMPLIERS WAVER |
|
Post
code |
1301 |
|
Country
|
Belgium |
|
|
|
|
Name |
|
|
Position
|
Director |
|
Start
Date |
28/07/2008 |
|
Street
|
82 VIA DELLA DRONA,30011 ALBERONI , |
|
Post
code |
30175 |
|
Country
|
Italy |
NEGATIVE
INFORMATION
Court data summary
|
Bankruptcy
details |
|
|
Court
action type |
no |
|
Protested
bills |
|
|
Bill
amount |
- |
|
NSSO
details |
|
|
Date
of summons |
- |
Personnel (NSSO
classification)
|
Code |
- |
|
Description |
10 EMPLOYEES |
NSSO details
|
Business number |
404932537 |
Bankruptcy details
|
There is no bankruptcy data against this
company |
|
court data
|
there is no data for this company |
SHARE
& SHARE CAPITAL INFORMATION
Minority Shareholders
|
No minority shareholders found |
Minority Interests
|
No minority interests found |
PAYMENT
INFORMATION
Payment expectations
|
Past
payments |
|
Payment
expectation days |
74.99 |
|
Industry
average payment expectation days |
165.68 |
Industry average
day sales outstanding |
116.68 |
|
Day
sales outstanding |
100.60 |
||
Industry comparison
|
Activity code |
46761 |
|
Activity
description |
Wholesale of diamonds and other precious
stones |
Payment expectations
|
Payment
expectation days |
74.99 |
|
Day sales
outstanding |
100.60 |
Industry comparison
|
Activity code |
46761 |
|
Activity
description |
Wholesale of diamonds and other precious
stones |
|
Industry
average payment expectation days |
165.68 |
|
Industry
average day sales outstanding |
116.68 |
Industry quartile
analysis
|
Payment
expectations |
|
|
Company result |
74.99 |
|
Lower |
134.58 |
|
Median |
84.97 |
|
Upper |
45.29 |
|
Day sales
outstanding |
|
|
Company result |
100.60 |
|
Lower |
113.11 |
|
Median |
59.42 |
|
Upper |
28.58 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Group Structure
|
No group structure
for this company. |
FINANCIAL
INFORMATION
Accounts
|
Date
of latest accounts |
Turnover |
Profit
Before Tax |
Net
worth |
Working
capital |
|
31/12/2012 |
72,257,777 |
-5,060 |
11,848,536 |
11,533,654 |
|
31/12/2011 |
74,862,062 |
335,020 |
11,841,575 |
11,529,046 |
|
31/12/2010 |
61,862,421 |
173,884 |
11,685,311 |
11,387,414 |
Accounts
|
Date
of latest accounts |
Balance
Total |
Number
of Employees |
Capital |
Cashflow |
|
31/12/2012 |
39,200,910 |
10 |
11,000,000 |
95,875 |
|
31/12/2011 |
37,954,661 |
14 |
11,000,000 |
248,341 |
|
31/12/2010 |
36,883,824 |
14 |
11,000,000 |
203,789 |
Social
Balance Sheet Details
|
Social
Balance Sheet |
Total |
|
During
the reporting year |
|
|
Full-time
Employees |
12 |
|
Part-time
Employees |
2 |
|
Total
Fte Employees |
13 |
|
|
|
|
Number
of hours worked |
|
|
Full-time
Employees |
20,284 |
|
Part-time
Employees |
1,150 |
|
Total |
21,434 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
514,621 |
|
Part-time
Employees |
29,176 |
|
Total |
543,797 |
|
Benefits
In Addition To Wages |
- |
|
|
|
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
14 |
|
Actual
working hours |
23,914 |
|
Personnel
Charges |
550,983 |
|
Benefits
In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited
Duration Contracts |
12 |
1 |
12 |
|
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 |
2 |
- |
2 |
|
Higher
education (non university) |
4 |
- |
4 |
|
Higher
education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
- |
- |
- |
|
Secondairy
education |
5 |
- |
5 |
|
Higher
education (non university) |
1 |
1 |
1 |
|
Higher
education (university) |
- |
- |
- |
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
12 |
1 |
12 |
|
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 |
1 |
- |
1 |
|
Leavers |
3 |
- |
3 |
|
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 |
546 |
459 |
|
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 |
- |
- |
Profit
& loss
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover
|
72,257,777 |
-3.48 |
74,862,062 |
21.01 |
61,862,421 |
47,072,785 |
53.50 |
|
Total
operating expenses |
71,757,449 |
-3.07 |
74,028,937 |
20.61 |
61,380,654 |
46,675,644 |
53.74 |
|
500,328 |
-39.95 |
833,125 |
72.93 |
481,767 |
150,471 |
232 |
|
|
98,020 |
30.12 |
75,330 |
-54.34 |
164,967 |
98,373 |
-0.36 |
|
|
603,408 |
5.23 |
573,434 |
21.27 |
472,849 |
206,992 |
191 |
|
|
-5,060 |
-101 |
335,020 |
92.67 |
173,884 |
33,249 |
-115 |
|
|
-56,090 |
-134 |
164,969 |
215 |
52,261 |
21,145 |
-365 |
|
|
51,030 |
-69.99 |
170,051 |
39.82 |
121,623 |
18,193 |
180 |
|
|
-44,069 |
-219 |
-13,788 |
- |
0 |
-4,641 |
-849 |
|
|
0.00 |
- |
0.00 |
- |
0 |
- |
- |
|
|
6,961 |
-95.55 |
156,264 |
28.48 |
121,623 |
13,571 |
-48.71 |
|
|
other
information |
|||||||
|
- |
- |
- |
- |
- |
172,177 |
- |
|
|
139,262 |
10.30 |
126,256 |
0.92 |
125,105 |
114,526 |
21.60 |
|
|
543,797 |
-1.30 |
550,983 |
3.49 |
532,417 |
128,695 |
322 |
|
|
425,233 |
-2.30 |
435,246 |
4.07 |
418,231 |
107,319 |
296 |
|
|
- |
- |
- |
- |
- |
14,428 |
- |
|
|
107,449 |
5.36 |
101,986 |
-0.23 |
102,217 |
27,055 |
297 |
|
|
11,115 |
-19.17 |
13,752 |
14.90 |
11,968 |
4,458 |
149 |
|
|
88,914 |
-3.44 |
92,077 |
12.06 |
82,166 |
17,877 |
397 |
|
balance
sheet
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency
|
EUR |
|
EUR |
|
EUR |
|
|
|
0 |
- |
0 |
- |
0 |
1,596 |
-100 |
|
|
397,253 |
-16.21 |
474,078 |
-7.70 |
513,648 |
185,178 |
114 |
|
|
- |
- |
- |
- |
- |
359,116 |
- |
|
|
22,482 |
28.24 |
17,531 |
23.70 |
14,173 |
23,025 |
-2.36 |
|
|
142,100 |
31.28 |
108,242 |
-23.39 |
141,289 |
17,541 5,457 |
710 |
|
|
- |
- |
77,050 |
11.20 |
69,288 |
142,153 32,369 |
- |
|
|
232,670 |
-14.22 |
271,254 |
-6.11 |
288,898 |
7,841 |
2867 |
|
|
16,181 |
5.20 |
15,381 |
0.00 |
15,381 |
293,802 |
-94.49 |
|
|
413,434 |
-15.53 |
489,459 |
-7.48 |
529,029 |
386,621 |
6.94 |
|
|
18,454,259 |
29.85 |
14,211,763 |
-21.92 |
18,200,962 |
3,124,254 |
490 |
|
|
- |
- |
- |
- |
- |
7,209,884 |
- |
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,469 |
-100 |
|
18,454,259 |
29.85 |
14,211,763 |
-21.92 |
18,200,962 |
2,005,001 |
820 |
|
|
0 |
- |
0 |
- |
0 |
575,173 |
-100 |
|
|
19,916,366 |
-13.07 |
22,909,892 |
34.28 |
17,061,322 |
4,223,178 |
371 |
|
|
Cash |
360,869 |
5.45 |
342,220 |
-68.02 |
1,070,223 |
223,371 |
61.56 |
|
55,000 |
- |
0 |
-100 |
22,288 |
184,709 |
-70.22 |
|
|
981 |
-26.04 |
1,327 |
- |
0 |
18,016 |
-94.55 |
|
|
38,787,476 |
3.53 |
37,465,202 |
3.05 |
36,354,795 |
7,295,191 |
431 |
|
|
39,200,910 |
3.28 |
37,954,661 |
2.90 |
36,883,824 |
7,650,696 1,454,122 |
412 |
|
|
current
liabilities |
|||||||
|
14,742,165 |
-0.29 |
14,785,576 |
-1.49 |
15,009,077 |
3,082,205 |
378 |
|
|
- |
- |
- |
- |
- |
- |
- |
|
|
11,996,225 |
12.43 |
10,669,499 |
11.77 |
9,545,932 |
4,285,403 195,315 |
179 |
|
|
61,456 |
-21.59 |
78,376 |
8.42 |
72,288 |
108,524 15,189 |
-43.37 |
|
|
103,182 |
-40.45 |
173,271 |
66.39 |
104,133 |
9,398 - |
201 |
|
|
350,794 |
52.90 |
229,433 |
-2.76 |
235,951 |
16.09 |
- - |
|
|
27,253,822 |
5.08 |
25,936,156 |
3.88 |
24,967,381 |
5,411,387 |
403 |
|
|
Long
term debts and liabilities |
|||||||
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other
long term loans |
98,552 |
-44.30 |
176,930 |
-23.45 |
231,132 |
-91.15 |
- - |
|
Deffered
taxes |
- |
- |
- |
- |
- |
37,626 26,358 |
- |
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,204 0 |
-100 |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
132,058 |
-100 |
|
98,552 |
-44.30 |
176,930 |
-23.45 |
231,132 |
570,907 |
-82.74 |
|
|
shareholders
equity |
|||||||
|
11,000,000 |
0 |
11,000,000 |
0 |
11,000,000 |
912,159 |
1105 |
|
|
- |
- |
- |
- |
- |
109,362 |
- |
|
|
848,536 |
0.83 |
841,575 |
22.80 |
685,311 |
711,673 |
19.23 |
|
|
- |
- |
- |
- |
- |
968,672 |
- |
|
|
Total
shareholders equity |
11,848,536 |
0.06 |
11,841,575 |
1.34 |
11,685,311 |
1,654,216 |
616 |
|
11,533,654 |
0.04 |
11,529,046 |
1.24 |
11,387,414 |
1,883,804 |
512 |
|
|
95,875 |
-61.39 |
248,341 |
21.86 |
203,789 |
28,308 |
238 |
|
|
11,848,536 |
0.06 |
11,841,575 |
1.34 |
11,685,311 |
1,650,900 |
617 |
|
ratio
analysis
|
Annual accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average |
% |
|
Trading
performance |
|||||||
|
Profit Before Tax |
-0.01 |
-102 |
0.45 |
60.71 |
0.28 |
-26,00 |
0.04 |
|
-0.04 |
-101 |
2.79 |
91.10 |
1.46 |
30,00 |
-100 |
|
|
-0.01 |
-101 |
0.88 |
87.23 |
0.47 |
-211,00 |
0.00 |
|
|
-0.04 |
-101 |
2.83 |
89.93 |
1.49 |
20,00 |
-100 |
|
|
6.26 |
-3.54 |
6.49 |
19.52 |
5.43 |
45,00 |
-99 |
|
|
25.54 |
34.56 |
18.98 |
-35.49 |
29.42 |
113,00 |
-77.40 |
|
|
100.60 |
-9.94 |
111.70 |
10.96 |
100.67 |
134,00 |
-24.93 |
|
|
74.99 |
2.87 |
72.90 |
-18.32 |
89.25 |
122,00 |
-38.53 |
|
|
short
term stability |
|||||||
|
1.42 |
-1.39 |
1.44 |
-1.37 |
1.46 |
7,00 |
-84.22 |
|
|
0.75 |
-16.67 |
0.90 |
23.29 |
0.73 |
4,00 |
-81.25 |
|
|
2.30 |
5.02 |
2.19 |
2.34 |
2.14 |
9,00 |
-74.44 |
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
|
|
long
term stability |
|||||||
|
102.60 |
11.21 |
92.26 |
9.46 |
84.29 |
370,00 |
-72.27 |
|
|
30.23 |
-3.11 |
31.20 |
-1.52 |
31.68 |
-3.305,00 |
0.91 |
|
|
2.31 |
4.52 |
2.21 |
2.31 |
2.16 |
11,00 |
-79.00 |
|
ADDITIONAL
INFORMATION
Commentary
|
The business was established over 49 years
ago. |
|
|
The business has 10 employees. |
|
|
The business has been at the address for
over 30 years. |
|
|
Operating Result in the latest trading
period decreased 39% on the previous trading period. |
|
|
Pre-tax profits decreased by 101% compared
to the previous trading period. |
|
Trends
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Significant Events
|
Event
Date |
28/05/2008 |
|
Event
Description |
re-appointment of director(s) |
|
Event
Details |
Commentaar 28-05-2008: Herbenoeming van de
volgende bestuurders voor een periode van 6 jaar Philippe Barsamian (tevens
gedelegeerd bestuurder), Marco Croze en Christian Vrouyr. |
|
Event
Date |
28/07/2010 |
|
Event
Details |
De aandelen van de vennootschap, die
voordien aan toonder waren, worden omgezet in aandelen op naam. |
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. 59.47 |
|
UK Pound |
1 |
Rs. 100.93 |
|
Euro |
1 |
Rs. 80.71 |
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.