|
Report Date : |
27.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
DIAMSTONES BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 53, 5/F, Box 8,2018, Antwerpen |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
16.05.1990 |
|
|
|
|
Com. Reg. No.: |
440710095 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Wholesale
of diamonds and other precious stones |
|
|
|
|
No. of Employees : |
06 |
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 – 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 440710095
Company name DIAMSTONES BVBA
Address HOVENIERSSTRAAT
53 5/F, BOX 8 2018
ANTWERPEN
Number of staff 6
Date of establishment 16/05/1990
Telephone number 032329093
Fax number 32329560
|
The
business was established over 23 years ago. |
|
|
The
business has 5 employees. |
|
|
The
business has been at the address for over 12 years. |
|
|
Operating
Result in the latest trading period decreased 33% on the previous trading
period. |
|
|
Pre-tax
profits decreased by 52% compared to the previous trading period. |
|
|
The
business saw a decrease in their Cash Balance of 83% during the latest
trading period. |
|
|
Turnover
in the latest trading period decreased 23% on the previous trading period. |
|
Accounts
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2012 |
31,085,031 |
108,187 |
3,186,930 |
1,540,484 |
|
31/12/2011 |
40,896,694 |
228,712 |
3,103,711 |
1,232,579 |
|
31/12/2010 |
29,296,541 |
137,272 |
2,936,703 |
1,066,793 |
Accounts
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
13,217,009 |
6 |
1,516,980 |
139,604 |
|
31/12/2011 |
12,937,927 |
7 |
1,516,980 |
227,050 |
|
31/12/2010 |
13,434,290 |
5 |
1,516,980 |
180,027 |
|
Past
payments |
|
Payment
expectation days |
72.79 |
|
Industry
average payment |
168.37 |
Industry
average day sales |
120.23 |
|
expectation
days |
|
outstanding |
|
|
Day
sales outstanding |
95.26 |
||
|
Court
data summary |
|||
|
BANKRUPTCY
DETAILS |
|||
|
Court
action type |
no |
||
|
PROTESTED
BILLS |
|||
|
Business
number |
440710095 |
Company
name |
DIAMSTONES
BVBA |
|
Fax
number |
32329560 |
Date
founded |
16/05/1990 |
|
Company
status |
active |
Company
type |
Private
Limited Company (BL/LX) |
|
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.0440.710.095 |
|
Belgian
Bullettin of Acts Publications |
moniteur
belge |
|
|
|
Contractor
details |
|
|
Check
Article 30 Bis |
|
Registered
contractor number |
- |
|
|
|
Social
Balance Sheet |
Total |
|
During
the reporting year ended 31-12-2012 |
|
|
Full-time
Employees |
7 |
|
Part-time
Employees |
1 |
|
Total
Fte Employees |
8 |
|
|
|
|
Number
of hours worked |
|
|
Full-time
Employees |
11,917 |
|
Part-time
Employees |
1,245 |
|
Total |
13,162 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
390,160 |
|
Part-time
Employees |
- |
|
Total |
426,647 |
|
Benefits
In Addition To Wages |
- |
|
|
|
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited
Duration Contracts |
6 |
1 |
7 |
|
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 |
1 |
- |
1 |
|
Secondairy
education |
2 |
1 |
3 |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
|
|||
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
6 |
1 |
7 |
|
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 |
1 |
- |
1 |
|
Code |
- |
|
Description |
FROM
5 TO 9 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 |
06/03/2013 |
|
Event
Description |
resignation-appointment
of director(s) |
|
Event
Details |
Commentaar
06-03-2013: Benoemd als zaakvoerder-directeur Kothari Rajiv. |
|
|
Annual
accounts |
31-12-2012 |
|
31-12-2011 |
% |
31-12-2010 |
Industry
average 2012 |
% |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
31,085,031 |
-23.99 |
40,896,694 |
39.60 |
29,296,541 |
46,788,819 |
-33.56 |
|
|
|
Total
operating expenses |
30,791,186 |
-23.89 |
40,454,713 |
39.84 |
28,929,771 |
46,394,806 |
-33.63 |
|
|
Operating
result |
293,846 |
-33.52 |
441,981 |
20.51 |
366,770 |
148,317 |
98.12 |
|
|
Total
financial income |
171 |
-92.39 |
2,250 |
87.09 |
1,203 |
98,171 |
-99 |
|
|
Total
financial expenses |
185,830 |
-13.78 |
215,520 |
-6.58 |
230,701 |
205,193 |
-9.44 |
|
|
Results
on ordinary operations before taxation |
108,187 |
-52.70 |
228,712 |
66.61 |
137,272 |
32,977 |
228 |
|
|
Taxation |
26,606 |
-58.33 |
63,853 |
157 |
24,754 |
20,939 |
27.06 |
|
|
Results
on ordinary operations after taxation |
81,581 |
-50.51 |
164,858 |
46.52 |
112,518 |
18,081 |
351 |
|
|
Extraordinary
items |
-53 |
- |
0 |
-100 |
809 |
-4,530 |
1.16 |
|
|
Other
appropriations |
0.00 |
- |
0.00 |
- |
0.00 |
- |
- |
|
|
Net
result |
81,529 |
-50.55 |
164,858 |
45.47 |
113,327 |
13,569 |
500 |
|
OTHER
INFORMATION |
||||||||
|
|
Dividends |
- |
- |
- |
- |
- |
172,177 |
- |
|
|
Director
remuneration |
- |
- |
- |
- |
- |
114,302 |
- |
|
|
Employee
costs |
426,647 |
14.63 |
372,191 |
12.72 |
330,204 |
126,470 |
237 |
|
|
Wages
and salary |
336,406 |
14.94 |
292,691 |
13.51 |
257,861 |
105,963 |
217 |
|
|
Employee
pension costs |
- |
- |
- |
- |
- |
14,428 |
- |
|
|
Social
security contributions |
80,670 |
16.48 |
69,260 |
7.30 |
64,546 |
26,627 |
202 |
|
|
Other
employee costs |
9,570 |
-6.54 |
10,240 |
31.36 |
7,796 |
4,383 |
118 |
|
|
Amortization
and depreciation |
58,075 |
-6.62 |
62,191 |
-6.76 |
66,700 |
17,937 |
223 |
|
|
back
to top |
|||||||
|
|
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 |
2,394 |
- |
4,084 |
- |
6,233 |
1,562 |
53.25 |
|
|
Tangible
fixed assets |
2,020,772 |
-2.44 |
2,071,395 |
-0.74 |
2,086,872 |
185,614 |
988 |
|
|
Land
& building |
1,937,137 |
-1.39 |
1,964,386 |
-1.37 |
1,991,634 |
362,952 |
433 |
|
|
Plant
& machinery |
33,067 |
18.13 |
40,391 |
16.89 |
48,599 |
22,794 |
45.07 |
|
|
Furniture
& Vehicles |
50,568 |
24.09 |
66,618 |
42.84 |
46,639 |
17,434
5,457 |
190 |
|
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
- |
142,153
32,369 |
- |
|
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
7,672 |
-100 |
|
|
Financial
fixed assets |
7,237 |
17.96 |
8,821 |
-3.29 |
9,121 |
309,638 |
97.66 |
|
|
Total
fixed assets |
2,030,403 |
-2.59 |
2,084,299 |
-0.85 |
2,102,227 |
398,705 |
409 |
|
|
Inventories |
2,911,740 |
-7.66 |
3,153,317 |
4.18 |
3,026,815 |
3,109,341 |
-6.36 |
|
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
7,209,884 |
- |
|
|
Work
in progress |
0 |
- |
0 |
- |
0 |
2,413 |
-100 |
|
|
Finished
goods |
2,911,740 |
-7.66 |
3,153,317 |
4.18 |
3,026,815 |
1,994,290 |
46.00 |
|
|
Other
stocks |
0 |
- |
0 |
- |
0 |
572,709 |
-100 |
|
|
Trade
debtors |
8,112,974 |
13.00 |
7,179,466 |
-2.39 |
7,355,552 |
4,192,924 |
93.49 |
|
|
Cash |
63,473 |
83.28 |
379,533 |
57.42 |
891,241 |
226,980 |
72.04 |
|
|
other
amounts receivable |
44,414 |
55.24 |
99,236 |
818 |
10,805 |
186,992 |
76.25 |
|
|
Miscellaneous
current assets |
54,006 |
28.35 |
42,075 |
11.70 |
47,651 |
18,092 |
198 |
|
|
Total
current assets |
11,186,606 |
3.07 |
10,853,628 |
-4.22 |
11,332,064 |
7,256,191 |
54.17 |
|
|
Total
Assets |
13,217,009 |
2.16 |
12,937,927 |
-3.69 |
13,434,290 |
7,621,765
1,454,122 |
73.41 |
|
CURRENT
LIABILITIES |
||||||||
|
|
Trade
creditors |
6,140,678 |
25.48 |
8,240,315 |
15.66 |
7,124,647 |
3,057,782 |
100 |
|
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
|
Financial
debts |
3,375,487 |
188 |
1,168,617 |
60.96 |
2,993,564 |
4,287,536
192,320 |
21.27 |
|
|
Current
portion of long term debt |
17,000 |
0 |
17,000 |
0 |
17,000 |
107,941
15,359 |
84.25 |
|
|
Amounts
Payable for Taxes, Remuneration & Social Security |
102,833 |
46.93 |
193,769 |
55.36 |
124,720 |
9,574
- |
202 |
|
|
Miscellaneous
current liabilities |
10,124 |
650 |
1,348 |
74.74 |
5,339 |
-96.62 |
-
- |
|
|
Total
current liabilities |
9,646,122 |
0.26 |
9,621,049 |
-6.28 |
10,265,271 |
5,372,066 |
79.56 |
|
|
LONG
TERM DEBTS AND LIABILITIES |
|||||||
|
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
-
- |
|
|
Other
long term loans |
281,563 |
158 |
109,083 |
13.48 |
126,083 |
-74.47 |
-
- |
|
|
Deffered
taxes |
- |
- |
- |
- |
- |
37,626
26,358 |
- |
|
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,203
0 |
-100 |
|
|
Other
long term liabilities |
100,000 |
0 |
100,000 |
0 |
100,000 |
129,664 |
22.88 |
|
|
Total
long term debts |
381,563 |
82.49 |
209,083 |
-7.52 |
226,083 |
562,744 |
32.20 |
|
SHAREHOLDERS
EQUITY |
||||||||
|
|
Issued
share capital |
1,516,980 |
0 |
1,516,980 |
0 |
1,516,980 |
949,305 |
59.80 |
|
|
Share
premium account |
- |
- |
- |
- |
- |
109,362 |
- |
|
|
Reserves |
634,074 |
14.76 |
552,545 |
42.52 |
387,687 |
693,989 |
-8.63 |
|
|
Revaluation
reserve |
1,038,270 |
0 |
1,038,270 |
0 |
1,038,270 |
939,206 |
10.55 |
|
|
Total
shareholders equity |
3,189,324 |
2.62 |
3,107,795 |
5.60 |
2,942,937 |
1,673,164 |
90.62 |
|
|
Working
capital |
1,540,484 |
24.98 |
1,232,579 |
15.54 |
1,066,793 |
1,884,125 |
18.24 |
|
|
Cashflow |
139,604 |
38.51 |
227,050 |
26.12 |
180,027 |
28,371 |
392 |
|
|
Net
worth |
3,186,930 |
2.68 |
3,103,711 |
5.69 |
2,936,703 |
1,669,902 |
90.85 |
|
|
back
to top |
|||||||
|
|
Annual
accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry
average 2012 |
% |
|
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.35 |
-37.50 |
0.56 |
19.15 |
0.47 |
-26,00 |
1.35 |
|
|
Return
on capital employed |
3.03 |
-56.09 |
6.90 |
59.35 |
4.33 |
29,00 |
-89.55 |
|
|
Return
on total assets employed |
0.82 |
-53.67 |
1.77 |
73.53 |
1.02 |
-203,00 |
0.40 |
|
|
Return
on net assets employed |
3.39 |
-53.94 |
7.36 |
57.94 |
4.66 |
19,00 |
-82.16 |
|
|
Sales
/ net working capital |
20.18 |
-39.18 |
33.18 |
20.83 |
27.46 |
45,00 |
-99 |
|
|
Stock
turnover ratio |
9.37 |
21.53 |
7.71 |
-25.36 |
10.33 |
111,00 |
-91.56 |
|
|
Debtor
days |
95.26 |
48.66 |
64.08 |
-30.07 |
91.64 |
133,00 |
-28.38 |
|
|
Creditor
days |
72.79 |
-2.10 |
74.35 |
-17.29 |
89.89 |
122,00 |
-40.34 |
|
SHORT
TERM STABILITY |
||||||||
|
|
Current
ratio |
1.16 |
2.65 |
1.13 |
2.73 |
1.10 |
7,00 |
-87.11 |
|
|
Liquidity
ratio / acid ratio |
0.86 |
7.50 |
0.80 |
-1.23 |
0.81 |
4,00 |
-78.50 |
|
|
Current
debt ratio |
3.02 |
-2.58 |
3.10 |
-11.17 |
3.49 |
9,00 |
-66.44 |
|
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
|
LONG
TERM STABILITY |
|||||||
|
|
Gearing |
115.20 |
176 |
41.66 |
-60.91 |
106.58 |
361,00 |
-68.09 |
|
|
Equity
in percentage |
24.13 |
0.42 |
24.03 |
9.63 |
21.92 |
-3.231,00 |
0.75 |
|
|
Total
debt ratio |
3.14 |
-0.63 |
3.16 |
-11.24 |
3.56 |
10,00 |
-68.60 |
|
Payment
expectations |
|
|
Payment
expectation days |
72.79 |
|
Day
sales outstanding |
95.26 |
|
Industry
comparison |
|
|
Activity
code |
46761 |
|
Activity
description |
Wholesale
of diamonds and other precious stones |
|
Industry
average payment expectation days |
168.37 |
|
Industry
average day sales outstanding |
120.23 |
|
Industry
quartile analysis |
|
|
Payment
expectations |
|
|
Company
result |
72.79 |
|
Lower |
134.58 |
|
Median |
84.62 |
|
Upper |
45.29 |
|
Day
sales outstanding |
|
|
Company
result |
95.26 |
|
Lower |
112.48 |
|
Median |
58.56 |
|
Upper |
28.58 |
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
|
SHAREHOLDER
NAME |
|||
|
Forename |
Shaishav |
Middle
name |
- |
|
Surname |
Mehta |
|
|
|
SHAREHOLDER
DETAILS |
|||
|
Start
date |
04/02/2010(estimated) |
End
date |
- |
|
Percentage
owned |
- |
|
|
|
SHAREHOLDER
ADDRESS |
|||
|
Street
name |
Mechelsesteenweg |
House
number |
165 |
|
Minor
town |
- |
Postal
town |
Antwerpen |
|
Post
code |
2018 |
Country |
Belgium |
NSSO details
|
|
|
Business
number |
440710095 |
|
Name
of defendant |
- |
|
Legal
form of defendant |
- |
|
Date
of summons |
- |
|
Labour
court |
- |
|
Bankruptcy
details |
|
court data
there is no data for this company
|
Current
director details |
|
|
Name |
VIRAL
KOTHARI |
|
Position |
Principal
Manager |
|
Start
Date |
01/10/2013 |
|
Street |
26
ARENDSNESTLAAN EDEGEM |
|
Post
code |
2650 |
|
Country |
Belgium |
|
|
|
|
Name |
SHREYENSH
MEHTA |
|
Position |
Principal
Manager |
|
Start
Date |
06/03/2013 |
|
Street |
45
QUINTEN MATSIJSLEI ANTWERPEN |
|
Post
code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
RAJIV
SHASHIKANT KOTHARI |
|
Position |
Principal
Manager |
|
Start
Date |
14/11/2013 |
|
Street |
26
ARENDSNESTLAAN EDEGEM |
|
Post
code |
2650 |
|
Country |
Belgium |
|
|
|
|
Name |
NARESH
JAIN |
|
Position |
Principal
Manager |
|
Start
Date |
06/03/2013 |
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.60.17 |
|
|
1 |
Rs.99.39 |
|
Euro |
1 |
Rs.83.09 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.