|
Report Date : |
22.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
JEWELEX EUROPE NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 30, B. 191, Antwerpen, 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
22.01.2001 |
|
|
|
|
Com. Reg. No.: |
473898349 |
|
|
|
|
Legal Form : |
Public
Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Wholesale
of watches and jewellery |
|
|
|
|
No. of Employees : |
2 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 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 473898349
Company name JEWELEX
EUROPE NV
Address HOVENIERSSTRAAT
30
2018 ANTWERPEN
Number of staff 2
Date of establishment 22/01/2001
Fax number 034011920
The business was established over 13 years ago.
The business has 1 employees.
The business has been at the address for over 13 years.
Operating Result in the latest trading period decreased 44% on the
previous trading period.
A 27% decline in Total Assets occurred during the latest trading period.
Pre-tax profits decreased by 73% compared to the previous trading
period.
The business saw a decrease in their Cash Balance of 38% during the
latest trading period.
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2012 |
9,698,238 |
59,254 |
1,896,082 |
1,459,387 |
|
31/12/2011 |
8,438,450 |
222,318 |
1,880,989 |
1,387,643 |
|
31/12/2010 |
7,457,217 |
88,610 |
1,655,750 |
1,178,863 |
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
3,177,738 |
2 |
1,136,850 |
96,216 |
|
31/12/2011 |
4,397,436 |
2 |
1,159,350 |
216,556 |
|
31/12/2010 |
4,330,635 |
3 |
1,122,600 |
104,377 |
|
Payment
expectations |
|
|
|
|
Past
payments |
|
Payment
expectation days |
40.02 |
|
Industry
average payment |
165.95 |
Industry
average day sales |
570.82 |
|
expectation
days |
|
outstanding |
|
|
Day
sales outstanding |
70.58 |
||
|
Court
data summary |
|||
|
BANKRUPTCY
DETAILS |
|||
|
Court
action type |
no |
||
|
PROTESTED
BILLS |
|||
|
Bill
amount |
- |
||
|
NSSO
DETAILS |
|||
|
Date
of summons |
- |
||
|
Business
number |
473898349 |
Company
name |
JEWELEX
EUROPE NV |
|
Fax
number |
034011920 |
Date
founded |
22/01/2001 |
|
Company
status |
active |
Company
type |
Public
Limited Liability Company (BE) |
|
Currency |
Euro
(€) |
Date
of latest accounts |
31/12/2012 |
|
Activity
code |
46480 |
liable
for VAT |
yes |
|
Activity
description |
Wholesale
of watches and jewellery |
VAT
Number |
BE.0473.898.349 |
|
Belgian
Bullettin of Acts Publications |
moniteur
belge |
|
|
|
Contractor
details |
|
|
Check
Article 30 Bis |
|
Registered
contractor number |
- |
|
|
|
Contractor
description |
- |
||
|
Date
struck off register |
|
||
|
Social
Balance Sheet |
Total |
|
During
the reporting year ended 31-12-2012 |
|
|
Full-time
Employees |
2 |
|
Part-time
Employees |
1 |
|
Total
Fte Employees |
2 |
|
|
|
|
Number
of hours worked |
|
|
Full-time
Employees |
3,491 |
|
Part-time
Employees |
602 |
|
Total |
4,093 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
86,385 |
|
Part-time
Employees |
14,897 |
|
Total |
101,282 |
|
Benefits
In Addition To Wages |
- |
|
|
|
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
3 |
|
Actual
working hours |
5,728 |
|
Personnel
Charges |
136,734 |
|
Benefits
In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited
Duration Contracts |
2 |
1 |
2 |
|
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 |
1 |
- |
1 |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
- |
1 |
0 |
|
Secondairy
education |
1 |
- |
1 |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
|
|||
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
2 |
1 |
2 |
|
Blue
collar worker |
- |
- |
- |
|
Other |
- |
- |
- |
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 |
|
|
Significant
Events |
|
|
Event
Date |
03/06/2013 |
|
Event
Description |
re-appointment
of director(s) |
|
Event
Details |
Commentaar
03-06-2013: Herbenoemd als bestuurders voor een periode van 6 jaar: Shah
Jitendra, Jogani Virat en Mody Hemal. Bij beslissing van de Raad van Bestuur
wordt herbenoemd als gedelegeerd bestuurder Jogani Virat. |
|
Annual
accounts |
31-122012 |
% |
31-122011 |
% |
31-122010 |
Industry
average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
9,698,238 |
14.93 |
8,438,450 |
13.16 |
7,457,217 |
1,734,124 |
459 |
|
Total
operating expenses |
9,421,006 |
18.63 |
7,941,500 |
13.29 |
7,010,059 |
1,650,217 |
470 |
|
Operating
result |
277,232 |
44.21 |
496,950 |
11.14 |
447,158 |
28,111 |
886 |
|
Total
financial income |
9,188 |
3877 |
231 |
92.50 |
120 |
21,791 |
57.84 |
|
Total
financial expenses |
227,166 |
17.35 |
274,863 |
23.37 |
358,668 |
18,044 |
1158 |
|
Results
on ordinary operations before taxation |
59,254 |
73.35 |
222,318 |
150 |
88,610 |
28,343 |
109 |
|
Taxation |
7,656 |
85.07 |
51,282 |
275 |
13,665 |
18,027 |
57.53 |
|
Results
on ordinary operations after taxation |
51,598 |
69.83 |
171,036 |
128 |
74,945 |
17,354 |
197 |
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
-18,435 |
0 |
|
Other
appropriations |
1 |
- |
0 |
- |
0 |
- |
- |
|
Net
result |
51,599 |
69.83 |
171,036 |
128 |
74,945 |
-1,008 |
5118 |
|
OTHER
INFORMATION |
|||||||
|
Dividends |
- |
- |
- |
- |
- |
250,394 |
- |
|
Director
remuneration |
36,196 |
0.54 |
36,002 |
0.01 |
36,000 |
160,802 |
77.49 |
|
Employee
costs |
101,283 |
27.36 |
139,440 |
9.83 |
126,956 |
200,028 |
49.37 |
|
Wages
and salary |
80,741 |
28.73 |
113,284 |
13.03 |
100,223 |
153,924 |
47.54 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
405 |
- |
|
Social
security contributions |
19,142 |
21.59 |
24,412 |
-3.65 |
25,337 |
45,039 |
57.50 |
|
Other
employee costs |
1,400 |
19.72 |
1,744 |
24.93 |
1,396 |
5,644 |
75.19 |
|
Amortization
and depreciation |
44,617 |
-1.98 |
45,520 |
54.66 |
29,432 |
19,302 |
131 |
|
Annual
accounts |
31-122012 |
% |
31-122011 |
% |
31-122010 |
Industry
average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
2,905 |
-100 |
|
Tangible
fixed assets |
377,139 |
12.31 |
430,103 |
-6.25 |
458,776 |
159,527 |
136 |
|
Land
& building |
375,665 |
11.60 |
424,944 |
-5.90 |
451,596 |
327,486 |
14.71 |
|
Plant
& machinery |
1,010 |
-1.94 |
1,030 |
3.21 |
998 |
15,964 |
93.67 |
|
Furniture
& Vehicles |
465 |
88.74 |
4,130 |
33.20 |
6,183 |
19,065
6,849 |
97.56 |
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
- |
25,266
11,978 |
- |
|
Other
tangible assets |
-1 |
0 |
-1 |
0 |
-1 |
6,953 |
-100 |
|
Financial
fixed assets |
59,556 |
-8.85 |
65,341 |
44.82 |
45,120 |
257,179 |
76.84 |
|
Total
fixed assets |
436,695 |
11.86 |
495,444 |
-1.68 |
503,896 |
297,005 |
47.03 |
|
Inventories |
487,726 |
40.61 |
821,178 |
51.77 |
1,702,616 |
380,586 |
28.15 |
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
318,586 |
- |
|
Work
in progress |
0 |
- |
0 |
- |
0 |
55 |
-100 |
|
Finished
goods |
487,726 |
40.61 |
821,178 |
51.77 |
1,702,616 |
61,268 |
696 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
217,821 |
-100 |
|
Trade
debtors |
1,875,411 |
25.70 |
2,523,948 |
33.25 |
1,894,185 |
196,313 |
855 |
|
Cash |
337,148 |
38.71 |
550,088 |
162 |
209,809 |
77,330 |
335 |
|
other
amounts receivable |
32,323 |
457 |
5,803 |
71.17 |
20,129 |
65,454 |
50.62 |
|
Miscellaneous
current assets |
8,435 |
765 |
975 |
- |
0 |
9,756 |
13.54 |
|
Total
current assets |
2,741,043 |
29.75 |
3,901,992 |
1.97 |
3,826,739 |
626,583 |
337 |
|
Total
Assets |
3,177,738 |
27.74 |
4,397,436 |
1.54 |
4,330,635 |
882,026 228,822 |
260 |
|
CURRENT
LIABILITIES |
|||||||
|
Trade
creditors |
1,032,959 |
17.51 |
1,252,182 |
13.19 |
1,442,473 |
242,006 |
326 |
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
231,357 |
76.72 |
993,839 |
3.94 |
956,141 |
209,894
16,822 |
10.23 |
|
Current
portion of long term debt |
2,110 |
91.45 |
24,675 |
5.13 |
23,472 |
54,619
13,556 |
96.14 |
|
Amounts
Payable for Taxes, Remuneration & Social Security |
11,287 |
64.21 |
31,534 |
42.38 |
22,147 |
8,224
- |
66.77 |
|
Miscellaneous
current liabilities |
3,943 |
98.14 |
212,119 |
4.16 |
203,643 |
-97.13 |
-
- |
|
Total
current liabilities |
1,281,656 |
49.03 |
2,514,349 |
-5.04 |
2,647,876 |
474,309 |
170 |
|
LONG
TERM DEBTS AND LIABILITIES |
|||||||
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
-
- |
|
Other
long term loans |
- |
- |
2,098 |
92.23 |
27,010 |
- |
-
- |
|
Deffered
taxes |
- |
- |
- |
- |
- |
58,570
29,464 |
- |
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
7,174
0 |
-100 |
|
Other
long term liabilities |
0 |
- |
0 |
0 |
-1 |
27,894 |
-100 |
|
Total
long term debts |
0 |
-100 |
2,098 |
92.23 |
27,009 |
151,736 |
-100 |
|
SHAREHOLDERS
EQUITY |
|
|
|
|
|
|
|
|
Issued
share capital |
1,136,850 |
-1.94 |
1,159,350 |
3.27 |
1,122,600 |
172,423 |
559 |
|
Share
premium account |
- |
- |
- |
- |
- |
228,155 |
- |
|
Reserves |
759,232 |
5.21 |
721,639 |
35.35 |
533,150 |
76,056 |
898 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
110,754 |
- |
|
Total
shareholders equity |
1,896,082 |
0.80 |
1,880,989 |
13.60 |
1,655,750 |
254,140 |
646 |
|
Working
capital |
1,459,387 |
5.17 |
1,387,643 |
17.71 |
1,178,863 |
152,274 |
858 |
|
Cashflow |
96,216 |
55.57 |
216,556 |
107 |
104,377 |
14,023 |
586 |
|
Net
worth |
1,896,082 |
0.80 |
1,880,989 |
13.60 |
1,655,750 |
251,235 |
654 |
|
Annual
accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry
average 2012 |
|
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.61 |
-76.81 |
2.63 |
121 |
1.19 |
-186,00 |
0.33 |
|
Return
on capital employed |
3.13 |
-73.50 |
11.81 |
124 |
5.27 |
401,00 |
-99 |
|
Return
on total assets employed |
1.86 |
-63.24 |
5.06 |
146 |
2.05 |
-6,00 |
31.00 |
|
Return
on net assets employed |
3.13 |
-73.52 |
11.82 |
120 |
5.35 |
404,00 |
-99 |
|
Sales
/ net working capital |
6.65 |
9.38 |
6.08 |
-3.95 |
6.33 |
31,00 |
-99 |
|
Stock
turnover ratio |
5.03 |
-48.30 |
9.73 |
-57.38 |
22.83 |
1.155,00 |
-99 |
|
Debtor
days |
70.58 |
-35.35 |
109.17 |
17.75 |
92.71 |
920,00 |
-92.33 |
|
Creditor
days |
40.02 |
-30.46 |
57.55 |
-23.38 |
75.11 |
306,00 |
-86.92 |
|
SHORT
TERM STABILITY |
|||||||
|
Current
ratio |
2.14 |
38.06 |
1.55 |
6.90 |
1.45 |
47,00 |
-97.92 |
|
Liquidity
ratio / acid ratio |
1.76 |
43.09 |
1.23 |
53.75 |
0.80 |
44,00 |
-96.00 |
|
Current
debt ratio |
0.68 |
-49.25 |
1.34 |
-16.25 |
1.60 |
103,00 |
-99 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG
TERM STABILITY |
|||||||
|
Gearing |
12.31 |
-77.31 |
54.26 |
-10.76 |
60.80 |
236,00 |
-94.78 |
|
Equity
in percentage |
59.67 |
39.51 |
42.77 |
11.88 |
38.23 |
-167,00 |
35.73 |
|
Total
debt ratio |
0.68 |
-49.25 |
1.34 |
-17.28 |
1.62 |
103,00 |
-99 |
|
Payment
expectations |
|
|
Payment
expectation days |
40.02 |
|
Day
sales outstanding |
70.58 |
|
Industry
comparison |
|
|
Activity
code |
46480 |
|
Activity
description |
Wholesale
of watches and jewellery |
|
Industry
average payment expectation days |
165.95 |
|
Industry
average day sales outstanding |
570.82 |
|
Industry
quartile analysis |
|
|
Payment
expectations |
|
|
Company
result |
40.02 |
|
Lower |
113.11 |
|
Median |
44.18 |
|
Upper |
12.51 |
|
Day
sales outstanding |
|
|
Company
result |
70.58 |
|
Lower |
107.50 |
|
Median |
49.84 |
|
Upper |
14.90 |
Group
Structure
No
group structure for this company.
Minority
Shareholders
No
minority shareholders found
Minority
Interests
No minority interests found
|
NSSO
details |
|
|
Business
number |
473898349 |
|
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
|
Current
director details |
|
|
Name |
NUTAN
SHREYASH KOTHARI |
|
Position |
Director |
|
Start
Date |
22/01/2001 |
|
Street |
22
FAZANTENLAAN ANTWERPEN |
|
Post
code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
NUTAN
SHREYASH KOTHARI |
|
Position |
Managing
Director |
|
Start
Date |
13/07/2007 |
|
Street |
22
FAZANTENLAAN ANTWERPEN |
|
Post
code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
VIRAT
JOGANI |
|
Position |
Director |
|
Start
Date |
22/01/2001 |
|
Street |
142
MECHELSESTEENWEG ANTWERPEN |
|
Post
code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
VIRAT
JOGANI |
|
Position |
Managing
Director |
|
Start
Date |
30/06/2012 |
|
Street |
142
MECHELSESTEENWEG ANTWERPEN |
|
Post
code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
HEMAL
V. MODY |
|
Position |
Director |
|
Start
Date |
30/06/2012 |
|
Street |
2
GOUNODSTRAAT ANTWERPEN |
|
Post
code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
JITENDRA
JAYANTILAL SHAH |
|
Position |
Director |
|
Start
Date |
22/01/2001 |
|
Date
of birth |
14/09/1959 |
|
Street |
73
LODE VLLESHOUWERSLAAN SCHOTEN |
|
Post
code |
2900 |
|
Country |
Belgium |
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.61.05 |
|
|
1 |
Rs.100.81 |
|
Euro |
1 |
Rs.84.18 |
INFORMATION DETAILS
|
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.