MIRA INFORM REPORT
|
Report Date : |
08.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
DIASTAR NV |
|
|
|
|
Registered Office : |
Hoveniersstraat, 53, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
18.06.1981 |
|
|
|
|
Com. Reg. No.: |
421691761 |
|
|
|
|
Legal Form : |
Public
Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Wholesaler of diamonds and
other precious stones |
|
|
|
|
No. of Employees |
02 (31.12.2012) |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
Company
summary
Business number 421691761
Company name DIASTAR NV
Address HOVENIERSSTRAAT
53
2018 ANTWERPEN
Number of staff 2
Date of establishment 18/06/1981
Telephone number 032340201
Fax number 032261960
Commentary
|
The
business was established over 32 years ago. |
|
|
The
business has 2 employees. |
|
|
The
business has been at the address for over 11 years. |
|
|
Turnover
in the latest trading period decreased 47% on the previous trading period. |
|
Accounts
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2012 |
26,816,066 |
54,191 |
3,153,799 |
4,162,441 |
|
31/12/2011 |
51,521,628 |
60,905 |
3,172,896 |
4,181,020 |
|
31/12/2010 |
33,142,283 |
52,832 |
3,025,510 |
3,986,852 |
|
Accounts |
||||
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
11,152,667 |
2 |
2,423,218 |
64,282 |
|
31/12/2011 |
12,621,075 |
2 |
2,471,177 |
73,725 |
|
31/12/2010 |
7,905,160 |
2 |
2,392,844 |
65,899 |
Trends
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment
expectations
|
Past payments |
|
Payment expectation days |
71.89 |
|
Industry average payment expectation days |
168.55 |
Industry average day sales outstanding |
120.31 |
|
Day sales outstanding |
116.91 |
||
Court
data summary
|
|
|
BANKRUPTCY DETAILS |
|
|
Court action type |
no |
Company
information
|
Business number |
421691761 |
Company
name |
DIASTAR
NV |
|
Fax number |
032261960 |
Date
founded |
18/06/1981 |
|
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.0421.691.761 |
|
Belgian Bullettin of Acts Publications |
moniteur
belge |
|
|
Social
Balance Sheet Details
|
Social Balance Sheet |
Total |
|
During the reporting year ended 31-12-2012 |
|
|
Full-time Employees |
1 |
|
Part-time Employees |
2 |
|
Total Fte Employees |
2 |
|
|
|
|
Number of hours worked |
|
|
Full-time Employees |
1,818 |
|
Part-time Employees |
1,774 |
|
Total |
3,592 |
|
|
|
|
Personnel Charges |
|
|
Full-time Employees |
28,834 |
|
Part-time Employees |
44,070 |
|
Total |
72,905 |
|
Benefits In Addition To Wages |
- |
|
|
|
|
During the previous reporting year |
|
|
Average number employees in Fte |
3 |
|
Actual working hours |
4,278 |
|
Personnel Charges |
67,173 |
|
Benefits In Addition To Wages |
- |
|
Type of Contract |
Full-Time |
|
Unlimited Duration Contracts |
2 |
|
Limited Duration Contracts |
- |
|
Contracts For Specific Work |
- |
|
Contracts Regarding Substitution |
- |
|
Gender and Education Level |
|
|
Men |
Full-Time |
|
Primary education |
- |
|
Secondary education |
1 |
|
Higher education (non university) |
- |
|
Higher education (university) |
- |
|
Women |
Full-Time |
|
Primary education |
- |
|
Secondary education |
1 |
|
Higher education (non university) |
- |
|
Higher education (university) |
- |
|
Working Category |
Full-Time |
|
Management |
- |
|
White collar worker |
1 |
|
Blue collar worker |
1 |
|
Other |
- |
|
Temporary personnel |
|
|
Average number of temporary staff |
|
|
Actual working hours |
|
|
Cost of temporary staff |
|
|
New staff and leavers |
Full-Time |
|
New Starters |
- |
|
Leavers |
- |
|
Total of formal continuing vocational training
initiatives for workers paid by the employer |
Male |
|
Number of employees |
- |
|
Number of training hours |
- |
|
Net costs for enterprise |
- |
|
Total of less formal and informal continuing
vocational training initiatives for workers paid by the employer |
Male |
|
Number of employees |
- |
|
Number of training hours |
- |
|
Net costs for enterprise |
- |
|
Total of initial training initiatives at the
expense of the employer |
Male |
|
Number of employees |
- |
|
Number of training hours |
- |
|
Net costs for enterprise |
- |
Personnel
(NSSO classification)
|
Code |
- |
|
Description |
2
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 |
|
Event Date |
30/03/2012 |
|
Event Description |
re-appointment
of director(s) |
|
Event Details |
Commentaar
30-03-2012: Herbenoemd als bestuurder tot na de jaarvergadering van 2018: Parikh
Shetul en Shah Dipendu (tevens als gedelegeerd bestuurder). |
Company
accounts
Comparison Mode
·
average median Export accounts to CSV
file
Profit &
Loss
|
Annual
accounts |
31-12-2012 |
31-12-2011 |
% |
31-12-2010 |
Industry
average 2012 |
% |
|
|
Weeks |
52 |
52 |
52 |
|
|
||
|
Currency |
EUR |
EUR |
|
EUR |
|
|
|
|
Turnover |
26,816,066 |
47.95 |
51,521,628 |
55.46 |
33,142,283 |
46,632,531 |
42.49 |
|
Total
operating expenses |
26,678,646 |
48.07 |
51,369,576 |
55.98 |
32,932,489 |
46,240,618 |
42.30 |
|
Operating
result |
137,420 |
-9.62 |
152,052 |
27.52 |
209,794 |
147,437 |
-6.79 |
|
Total
financial income |
35,145 |
53.61 |
75,760 |
360 |
16,463 |
96,719 |
63.66 |
|
Total
financial expenses |
118,375 |
29.08 |
166,907 |
-3.76 |
173,425 |
203,284 |
41.77 |
|
Results
on ordinary operations before taxation |
54,191 |
11.02 |
60,905 |
15.28 |
52,832 |
32,681 |
65.82 |
|
Taxation |
19,761 |
-2.46 |
20,260 |
58.27 |
12,801 |
20,882 |
-5.37 |
|
Results
on ordinary operations after taxation |
34,430 |
15.29 |
40,645 |
1.53 |
40,031 |
17,817 |
93.24 |
|
Extraordinary
items |
8,051 |
4.60 |
7,697 |
- |
0 |
-4,540 |
177 |
|
Other
appropriations |
0 |
- |
0 |
- |
0 |
- |
- |
|
Net
result |
42,481 |
12.12 |
48,342 |
20.76 |
40,031 |
13,296 |
219 |
|
OTHER INFORMATION |
|||||||
|
Dividends |
- |
- |
- |
- |
- |
172,177 |
- |
|
Director
remuneration |
- |
- |
- |
- |
90,730 |
114,302 |
- |
|
Employee
costs |
72,905 |
6.43 |
68,502 |
21.15 |
56,542 |
126,448 |
42.34 |
|
Wages and salary |
54,958 |
4.56 |
52,563 |
19.22 |
44,090 |
105,952 |
48.13 |
|
Employee pension costs |
- |
- |
- |
- |
- |
14,428 |
- |
|
Social security contributions |
14,666 |
16.53 |
12,586 |
30.44 |
9,649 |
26,633 |
44.93 |
|
Other employee costs |
3,280 |
-2.18 |
3,353 |
19.62 |
2,803 |
4,389 |
25.27 |
|
Amortization
and depreciation |
21,801 |
14.11 |
25,383 |
-1.87 |
25,868 |
17,911 |
21.72 |
Balance
Sheet
|
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 |
1,565 |
-100 |
|
Tangible
fixed assets |
316,334 |
-7.79 |
343,075 |
-1.14 |
347,026 |
184,800 |
71.18 |
|
Land & building |
295,911 |
-5.53 |
313,232 |
-0.37 |
314,405 |
360,961 |
18.02 |
|
Plant & machinery |
2,584 |
18.92 |
3,187 |
37.19 |
5,074 |
22,835 |
88.68 |
|
Furniture & Vehicles |
17,838 |
33.08 |
26,656 |
-3.23 |
27,547 |
17,442
5,418 |
2.27 |
|
Leasing & Other Similar
Rights |
- |
- |
- |
- |
- |
142,153
32,369 |
- |
|
Other tangible assets |
1 |
- |
0 |
- |
0 |
7,688 |
-99 |
|
Financial
fixed assets |
1,349 |
-1.96 |
1,376 |
3.30 |
1,332 |
294,756 |
-99 |
|
Total
fixed assets |
317,683 |
-7.77 |
344,451 |
-1.12 |
348,358 |
386,873 |
17.88 |
|
Inventories |
1,544,722 |
56.04 |
3,513,847 |
229 |
1,067,565 |
3,089,252 |
50.00 |
|
Raw materials &
consumables |
- |
- |
- |
- |
- |
7,209,884 |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,418 |
-100 |
|
Finished goods |
1,544,722 |
56.04 |
3,513,847 |
229 |
1,067,565 |
1,975,557 |
21.81 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
573,316 |
-100 |
|
Trade
debtors |
8,589,081 |
7.56 |
7,985,308 |
37.23 |
5,819,113 |
4,160,042 |
106 |
|
Cash |
8,481 |
-4.47 |
8,878 |
-4.04 |
9,252 |
226,005 |
96.25 |
|
other
amounts receivable |
682,197 |
-9.64 |
754,984 |
16.80 |
646,401 |
184,477 |
269 |
|
Miscellaneous
current assets |
10,503 |
22.81 |
13,607 |
-5.97 |
14,471 |
17,757 |
40.85 |
|
Total
current assets |
10,834,984 |
11.74 |
12,276,624 |
62.46 |
7,556,802 |
7,201,508 |
50.45 |
|
Total
Assets |
11,152,667 |
11.63 |
12,621,075 |
59.66 |
7,905,160 |
7,556,495
1,451,744 |
47.59 |
|
CURRENT LIABILITIES |
|||||||
|
Trade
creditors |
5,254,270 |
13.91 |
6,103,235 |
155 |
2,392,049 |
3,057,099 |
71.87 |
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
1,395,709 |
29.26 |
1,973,046 |
75.67 |
1,123,174 |
4,241,610
189,851 |
67.09 |
|
Current
portion of long term debt |
- |
- |
- |
- |
22,725 |
108,079
15,346 |
- |
|
Amounts
Payable for Taxes, Remuneration & Social Security |
20,884 |
23.43 |
16,920 |
10.64 |
15,293 |
9,445
- |
38.38 |
|
Miscellaneous
current liabilities |
1,680 |
30.09 |
2,403 |
85.62 |
16,709 |
-99 |
-
- |
|
Total
current liabilities |
6,672,543 |
17.58 |
8,095,604 |
126 |
3,569,950 |
5,344,776 |
24.84 |
|
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 |
3,210
0 |
-100 |
|
Other
long term liabilities |
1,326,325 |
-1.94 |
1,352,575 |
3.27 |
1,309,700 |
129,368 |
925 |
|
Total
long term debts |
1,326,325 |
-1.94 |
1,352,575 |
3.27 |
1,309,700 |
560,859 |
136 |
|
SHAREHOLDERS EQUITY |
|||||||
|
Issued
share capital |
2,423,218 |
-1.94 |
2,471,177 |
3.27 |
2,392,844 |
909,386 |
166 |
|
Share
premium account |
- |
- |
- |
- |
- |
109,362 |
- |
|
Reserves |
730,581 |
4.11 |
701,719 |
10.91 |
632,666 |
698,004 |
4.67 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
968,672 |
- |
|
Total
shareholders equity |
3,153,799 |
-0.60 |
3,172,896 |
4.87 |
3,025,510 |
1,637,138 |
92.64 |
|
Working
capital |
4,162,441 |
-0.44 |
4,181,020 |
4.87 |
3,986,852 |
1,856,732 |
124 |
|
Cashflow |
64,282 |
12.81 |
73,725 |
11.88 |
65,899 |
28,070 |
129 |
|
Net
worth |
3,153,799 |
-0.60 |
3,172,896 |
4.87 |
3,025,510 |
1,633,906 |
93.02 |
Ratio Analysis
|
Annual
accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry
average 2012 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.20 |
66.67 |
0.12 |
-25.00 |
0.16 |
-26,00 |
0.77 |
|
Return
on capital employed |
1.21 |
-10.37 |
1.35 |
10.66 |
1.22 |
29,00 |
-95.83 |
|
Return
on total assets employed |
0.49 |
2.08 |
0.48 |
-28.36 |
0.67 |
-203,00 |
0.24 |
|
Return
on net assets employed |
1.72 |
-10.42 |
1.92 |
9.71 |
1.75 |
19,00 |
-90.95 |
|
Sales
/ net working capital |
6.44 |
-47.73 |
12.32 |
48.26 |
8.31 |
45,00 |
-99 |
|
Stock
turnover ratio |
5.76 |
-15.54 |
6.82 |
111 |
3.22 |
111,00 |
-94.81 |
|
Debtor
days |
116.91 |
106 |
56.57 |
-11.73 |
64.09 |
133,00 |
-12.10 |
|
Creditor
days |
71.89 |
65.76 |
43.37 |
63.60 |
26.51 |
122,00 |
-41.07 |
|
SHORT TERM STABILITY |
|||||||
|
Current
ratio |
1.62 |
6.58 |
1.52 |
-28.30 |
2.12 |
7,00 |
-82.00 |
|
Liquidity
ratio / acid ratio |
1.39 |
28.70 |
1.08 |
-40.66 |
1.82 |
4,00 |
-65.25 |
|
Current
debt ratio |
2.12 |
-16.86 |
2.55 |
116 |
1.18 |
9,00 |
-76.44 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|||||||
|
Gearing |
44.25 |
-28.84 |
62.18 |
64.19 |
37.87 |
363,00 |
-87.81 |
|
Equity
in percentage |
28.28 |
12.49 |
25.14 |
-34.31 |
38.27 |
-3.238,00 |
0.87 |
|
Total
debt ratio |
2.54 |
-14.77 |
2.98 |
85.09 |
1.61 |
11,00 |
-76.91 |
Payment
Information
|
Payment expectations |
|
|
Payment expectation days |
71.89 |
|
Day sales outstanding |
116.91 |
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale
of diamonds and other precious stones |
|
Industry average payment expectation days |
168.55 |
|
Industry average day sales outstanding |
120.31 |
|
Industry quartile analysis |
|
|
Payment expectations |
|
|
Company result |
71.89 |
|
Lower |
134.36 |
|
Median |
84.93 |
|
Upper |
45.29 |
|
Day sales outstanding |
|
|
Company result |
116.91 |
|
Lower |
112.48 |
|
Median |
58.70 |
|
Upper |
28.11 |
Shareholder Details
|
Summary |
|
|
Group - Number of Companies |
0 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Group
Structure
No
group structure for this company.
Minority
Shareholders
No
minority shareholders found
Minority
Interests
No
minority interests found
Linked
Companies
|
Summary |
|
|
Group - Number of Companies |
0 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
NSSO
details
|
Business number |
421691761 |
|
Name of defendant |
- |
|
Legal form of defendant |
- |
|
Date of summons |
- |
|
Labour court |
- |
Bankruptcy
details
There
is no bankruptcy data against this company
Bankruptcy
Data
Court Data
There
is no data for this company
Current
director details
DIRECTOR DETAILS
|
Name |
SHETUL
RANJIT PARIKH |
|
Position |
Director |
|
Start Date |
29/03/2002 |
|
Street |
174
BELGIELEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
SHETUL
RANJIT PARIKH |
|
Position |
Managing
Director |
|
Start Date |
01/04/2012 |
|
Street |
174
BELGIELEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
SHAH
DIPENDU |
|
Position |
Director |
|
Start Date |
23/07/2010 |
|
Country |
United
Arab Emirates |
|
|
|
|
Name |
SHAH
DIPENDU |
|
Position |
Managing
Director |
|
Start Date |
25/05/2012 |
|
Country |
United
Arab Emirates |
|
|
|
|
Name |
DIPENDU
SHAH |
|
Position |
Managing
Director |
|
Start Date |
07/05/2007 |
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.60.99 |
|
UK Pound |
1 |
Rs.102.07 |
|
Euro |
1 |
Rs.84.53 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.