|
Report Date : |
06.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
EUROSTAR DIAMOND TRADERS NV |
|
|
|
|
Registered Office : |
Hoveniersstaat 53, Box 79, 2018, Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
21.03.1991 |
|
|
|
|
Com. Reg. No.: |
443117279 |
|
|
|
|
Legal Form : |
Public
Limited Liability Company (BE) |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALE OF DIAMONDS AND OTHER
PRECIOUS STONES |
|
|
|
|
No. of Employees : |
41 |
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 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 443117279
Company name EUROSTAR
DIAMOND TRADERS NV
Address HOVENIERSSTAAT
53, BOX 79, 2018, ANTWERPEN, BELGIUM
Number of staff 41
Date of establishment 21/03/1991
Telephone number 032253211
Fax number 032137799
|
The
business was established over 23 years ago. |
|
The
business has 20 employees. |
|
The
business has been at the address for over 9 years. |
|
Operating
Result in the latest trading period decreased 55% on the previous trading
period. |
|
Pre-tax
profits decreased by 64% compared to the previous trading period. |
|
The
business saw an increase in their Cash Balance of 401% during the latest
trading period. |
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2012 |
2,052,065,925 |
6,067,190 |
249,227,853 |
163,922,548 |
|
31/12/2011 |
2,291,560,804 |
17,108,675 |
248,382,937 |
174,880,300 |
|
31/12/2010 |
1,554,834,961 |
-2,650,299 |
224,131,675 |
162,900,218 |
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
605,238,705 |
41 |
125,053,500 |
5,974,203 |
|
31/12/2011 |
577,431,870 |
39 |
127,528,500 |
17,275,402 |
|
31/12/2010 |
499,917,569 |
41 |
123,486,000 |
-2,193,764 |
|
Past
payments |
|
Payment
expectation days |
26.02 |
|
Industry
average payment expectation days |
168.37 |
Industry
average day sales outstanding |
120.23 |
|
Day
sales outstanding |
33.07 |
||
|
Court
data summary |
|||
|
BANKRUPTCY
DETAILS |
|||
|
Court
action type |
no |
||
BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons –
|
Business
number |
443117279 |
Company
name |
EUROSTAR
DIAMOND TRADERS NV |
|
Fax
number |
032137799 |
Date
founded |
21/03/1991 |
|
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.0443.117.279 |
|
Belgian
Bullettin of Acts Publications |
moniteur
belge |
|
|
|
Contractor
details |
|
|
|
|
Registered
contractor number |
- |
|
|
|
Contractor
description |
- |
||
|
Date
struck off register |
|
||
|
Social
Balance Sheet |
Total |
|
During
the reporting year ended 31-12-2012 |
|
|
Full-time
Employees |
37 |
|
Part-time
Employees |
6 |
|
Total
Fte Employees |
40 |
|
|
|
|
Number
of hours worked |
|
|
Full-time
Employees |
65,056 |
|
Part-time
Employees |
5,538 |
|
Total |
70,594 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
3,198,568 |
|
Part-time
Employees |
272,283 |
|
Total |
3,470,852 |
|
Benefits
In Addition To Wages |
- |
|
|
|
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
41 |
|
Actual
working hours |
71,257 |
|
Personnel
Charges |
3,690,311 |
|
Benefits
In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited
Duration Contracts |
37 |
6 |
41 |
|
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 |
21 |
2 |
23 |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
- |
- |
- |
|
Secondairy
education |
16 |
4 |
18 |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
|
|||
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
37 |
6 |
41 |
|
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 |
5 |
- |
5 |
|
Leavers |
4 |
- |
4 |
|
Code |
- |
|
Description |
FROM
20 TO 49 EMPLOYEES |
|
Joint
Industrial Committee (JIC) |
|
|
Significant
Events |
|
|
Event
Date |
22/12/2011 |
|
Event
Description |
|
|
Event
Details |
Omzetting
aandelen aan toonder naar aandelen op naam. |
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
2,052,065,925 |
10.45 |
2,291,560,804 |
47.38 |
1,554,834,961 |
46,788,819 |
4285 |
|
Total
operating expenses |
2,020,888,500 |
-9.02 |
2,221,198,672 |
47.08 |
1,510,208,972 |
46,394,806 |
4255 |
|
Operating
result |
31,177,425 |
55.69 |
70,362,132 |
57.67 |
44,625,989 |
148,317 |
20920 |
|
Total
financial income |
1,824,718 |
33.95 |
2,762,499 |
-23.51 |
3,611,610 |
98,171 |
1758 |
|
Total
financial expenses |
26,934,953 |
51.92 |
56,015,956 |
10.08 |
50,887,898 |
205,193 |
13026 |
|
Results
on ordinary operations before taxation |
6,067,190 |
64.54 |
17,108,675 |
645 |
-2,650,299 |
32,977 |
18298 |
|
Taxation |
355,244 |
86.96 |
190,011 |
3166750 |
6 |
20,939 |
1596 |
|
Results
on ordinary operations after taxation |
5,711,946 |
66.24 |
16,918,664 |
638 |
-2,650,305 |
18,081 |
31490 |
|
Extraordinary
items |
-51,938 |
-204 |
-17,080 |
-114 |
114,307 |
-4,530 |
-1046 |
|
Other
appropriations |
1 |
0 |
1 |
- |
0 |
- |
- |
|
Net
result |
5,660,009 |
66.51 |
16,901,585 |
666 |
-2,535,998 |
13,569 |
41612 |
|
OTHER
INFORMATION |
|||||||
|
Dividends |
- |
- |
- |
- |
- |
172,177 |
- |
|
Director
remuneration |
- |
- |
- |
- |
- |
114,302 |
- |
|
Employee
costs |
3,470,852 |
-7.77 |
3,763,348 |
23.94 |
3,036,521 |
126,470 |
2644 |
|
Wages
and salary |
2,371,615 |
-6.45 |
2,535,188 |
21.35 |
2,089,088 |
105,963 |
2138 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
14,428 |
- |
|
Social
security contributions |
817,594 |
-4.51 |
856,210 |
14.17 |
749,957 |
26,627 |
2970 |
|
Other
employee costs |
281,642 |
24.28 |
371,950 |
88.35 |
197,476 |
4,383 |
6325 |
|
Amortization
and depreciation |
314,194 |
15.95 |
373,817 |
9.23 |
342,234 |
17,937 |
1651 |
|
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 |
1,503 |
- |
7,021 |
- |
18,795 |
1,562 |
-3.78 |
|
Tangible
fixed assets |
4,682,985 |
-6.47 |
5,007,060 |
-0.29 |
5,021,684 |
185,614 |
2422 |
|
Land
& building |
4,181,690 |
-3.91 |
4,351,687 |
1.47 |
4,288,659 |
362,952 |
1052 |
|
Plant
& machinery |
438,073 |
40.65 |
311,462 |
14.01 |
362,220 |
22,794 |
1821 |
|
Furniture
& Vehicles |
63,223 |
81.62 |
343,911 |
-6.80 |
369,014 |
17,434 5,457 |
262 |
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
1,790 |
142,153 32,369 |
- |
|
Other
tangible assets |
-1 |
- |
0 |
-100 |
1 |
7,672 |
-100 |
|
Financial
fixed assets |
85,007,080 |
12.53 |
75,542,939 |
18.60 |
63,697,219 |
309,638 |
27353 |
|
Total
fixed assets |
89,691,568 |
11.34 |
80,557,020 |
17.19 |
68,737,698 |
398,705 |
22395 |
|
Inventories |
271,535,104 |
16.44 |
233,203,212 |
25.34 |
186,061,959 |
3,109,341 |
8632 |
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
7,209,884 |
- |
|
Work
in progress |
0 |
- |
0 |
- |
0 |
2,413 |
-100 |
|
Finished
goods |
271,535,104 |
16.44 |
233,203,212 |
25.34 |
186,061,959 |
1,994,290 |
13515 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
572,709 |
-100 |
|
Trade
debtors |
185,941,607 |
10.81 |
208,475,293 |
14.56 |
181,977,376 |
4,192,924 |
4334 |
|
Cash |
2,064,188 |
401 |
411,749 |
67.64 |
1,272,395 |
226,980 |
809 |
|
other
amounts receivable |
55,577,856 |
2.51 |
54,214,444 |
|
60,814,393 |
186,992 |
29622 |
|
Miscellaneous
current assets |
428,382 |
24.87 |
570,152 |
45.89 |
1,053,748 |
18,092 |
2267 |
|
Total
current assets |
515,547,137 |
3.76 |
496,874,850 |
15.24 |
431,179,871 |
7,256,191 |
7004 |
|
Total
Assets |
605,238,705 |
4.82 |
577,431,870 |
15.51 |
499,917,569 |
7,621,765 1,454,122 |
7840 |
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
Trade
creditors |
144,072,283 |
43.08 |
100,694,631 |
44.18 |
69,837,352 |
3,057,782 |
4611 |
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
204,420,957 |
-6.13 |
217,774,376 |
11.41 |
195,465,930 |
4,287,536 192,320 |
4667 |
|
Current
portion of long term debt |
285,781 |
4.39 |
273,769 |
1.28 |
270,315 |
107,941 15,359 |
164 |
|
Amounts
Payable for Taxes, Remuneration & Social Security |
756,163 |
36.55 |
553,764 |
67.59 |
330,433 |
9,574 - |
2120 |
|
Miscellaneous
current liabilities |
2,089,405 |
22.56 |
2,698,010 |
13.57 |
2,375,623 |
598 |
- - |
|
Total
current liabilities |
351,624,589 |
9.20 |
321,994,550 |
20.02 |
268,279,653 |
5,372,066 |
6445 |
|
LONG
TERM DEBTS AND LIABILITIES |
|||||||
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other
long term loans |
3,531,364 |
42.83 |
6,177,076 |
-7.04 |
6,644,747 |
220 |
- - |
|
Deffered
taxes |
- |
- |
- |
- |
- |
37,626 26,358 |
- |
|
Provisions
for Liabilities & Charges |
853,395 |
-1.94 |
870,285 |
3.27 |
842,698 |
3,203 0 |
26543 |
|
Other
long term liabilities |
1 |
0 |
1 |
0 |
1 |
129,664 |
-99 |
|
Total
long term debts |
4,384,760 |
37.78 |
7,047,362 |
-5.88 |
7,487,446 |
562,744 |
679 |
|
SHAREHOLDERS
EQUITY |
|||||||
|
Issued
share capital |
125,053,500 |
-1.94 |
127,528,500 |
3.27 |
123,486,000 |
949,305 |
13073 |
|
Share
premium account |
- |
- |
- |
- |
- |
109,362 |
- |
|
Reserves |
124,175,856 |
2.74 |
120,861,458 |
20.06 |
100,664,470 |
693,989 |
17793 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
939,206 |
- |
|
Total
shareholders equity |
249,229,356 |
0.34 |
248,389,958 |
10.81 |
224,150,470 |
1,673,164 |
14795 |
|
Working
capital |
163,922,548 |
-6.27 |
174,880,300 |
7.35 |
162,900,218 |
1,884,125 |
8600 |
|
Cashflow |
5,974,203 |
65.42 |
17,275,402 |
787 |
-2,193,764 |
28,371 |
20957 |
|
Net
worth |
249,227,853 |
0.34 |
248,382,937 |
10.82 |
224,131,675 |
1,669,902 |
14824 |
|
Annual accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average 2012 |
|
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.30 |
-60.0 |
0.75 |
441 |
-0.17 |
-26,00 |
1.15 |
|
Return
on capital employed |
2.39 |
-64.33 |
6.70 |
587 |
-1.14 |
29,00 |
-91.76 |
|
Return
on total assets employed |
1 |
-66.22 |
2.96 |
558 |
-0.53 |
-203,00 |
0.49 |
|
Return
on net assets employed |
2.43 |
-64.73 |
6.89 |
583 |
-1.18 |
19,00 |
-87.21 |
|
Sales
/ net working capital |
12.52 |
-4.43 |
13.10 |
37.32 |
9.54 |
45,00 |
-99 |
|
Stock
turnover ratio |
13.23 |
29.96 |
10.18 |
-14.95 |
11.97 |
111,00 |
-88.08 |
|
Debtor
days |
33.07 |
-0.42 |
33.21 |
-22.26 |
42.72 |
133,00 |
-75.14 |
|
Creditor
days |
26.02 |
57.22 |
16.55 |
-1.95 |
16.88 |
122,00 |
-78.67 |
|
SHORT
TERM STABILITY |
|||||||
|
Current
ratio |
1.47 |
-4.55 |
1.54 |
-4.35 |
1.61 |
7,00 |
-83.67 |
|
Liquidity
ratio / acid ratio |
0.69 |
-15.85 |
0.82 |
-9.89 |
0.91 |
4,00 |
-82.75 |
|
Current
debt ratio |
1.41 |
8.46 |
1.30 |
8.33 |
1.20 |
9,00 |
-84.33 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG
TERM STABILITY |
|||||||
|
Gearing |
83.55 |
-7.44 |
90.27 |
-0.02 |
90.29 |
361,00 |
-76.86 |
|
Equity
in percentage |
41.18 |
-4.28 |
43.02 |
-4.06 |
44.84 |
-3.231,00 |
1.27 |
|
Total
debt ratio |
1.43 |
8.33 |
1.32 |
7.32 |
1.23 |
10,00 |
-85.70 |
Activity code 46761
Activity description Wholesale
of diamonds and other precious stones
Payment
expectations
Payment expectation days 26.02
Day sales outstanding 33.07
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 26.02
Lower 134.58
Median 84.62
Upper 45.29
Day sales
outstanding
Company result 33.07
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
|
Business
number |
Company
name |
|
% |
Date
of accounts |
|
347532632 |
EUROSTARS
FRANCE |
|
25 |
31/12/2012 |
NSSO details
Business number 443117279
Name of defendant -
Legal form of defendant -
Date of summons -
Labour court –
Bankruptcy details
There is no bankruptcy data against this company
Legal events
Legal event type Fragmentation
Legal event sub type
Event date 10/04/2008
Secondary
event date
3rd party name Dimexon
Antwerp 3rd party
type Absorbing Company
3rd party address Hoveniersstraat,
53
Antwerpen
2018
Legal event type Fragmentation
Legal event sub type
Event date 10/04/2008
Secondary
event date
3rd party name
Eurostar Diamond Traders 3rd party
type Fragmented Company
3rd party address Hoveniersstraat,
53
Antwerpen
2018
|
Current
director details |
|
|
Name |
SACHIN
DINUKUMAR MEHTA |
|
Position |
Director |
|
Start
Date |
17/11/2005 |
|
Date
of birth |
09/01/1964 |
|
Street |
39
FAZANTENLAAN ANTWERPEN |
|
Post
code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
SACHIN
DINUKUMAR MEHTA |
|
Position |
Managing
Director |
|
Start
Date |
30/06/2010 |
|
Date
of birth |
09/01/1964 |
|
Street |
39
FAZANTENLAAN ANTWERPEN |
|
Post
code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
SACHIN
DINUKUMAR MEHTA |
|
Position |
Chairman
of the Board |
|
Start
Date |
13/08/2010 |
|
Date
of birth |
09/01/1964 |
|
Street |
39
FAZANTENLAAN ANTWERPEN |
|
Post
code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
ASHISH
PRAVIN KOTHARI |
|
Position |
Director |
|
Start
Date |
13/08/2010 |
|
Street |
7
FAZANTENLAAN ANTWERPEN |
|
Post
code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
ASHISH
PRAVIN KOTHARI |
|
Position |
Managing
Director |
|
Start
Date |
13/08/2010 |
|
Street |
7
FAZANTENLAAN ANTWERPEN |
|
Post
code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
KAUSHIK
KIRTILAL MEHTA |
|
Position |
Director |
|
Start
Date |
13/10/2006 |
|
Date
of birth |
29/06/1949 |
|
Street |
25
EEKHOORNLAAN ANTWERPEN |
|
Post
code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
KAUSHIK
KIRTILAL MEHTA |
|
Position |
Managing
Director |
|
Start
Date |
16/08/2010 |
|
Date
of birth |
29/06/1949 |
|
Street |
25
EEKHOORNLAAN ANTWERPEN |
|
Post
code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
RAJ
PRAVIN KOTHARI |
|
Position |
Director |
|
Start
Date |
01/01/2011 |
|
Date
of birth |
20/05/1966 |
|
Street |
97
INGENIEUR HAESAERTSLAAN ANTWERPEN |
|
Post
code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
KUNAL
MEHTA |
|
Position |
Director |
|
Start
Date |
13/10/2006 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.03 |
|
|
1 |
Rs.101.96 |
|
Euro |
1 |
Rs.83.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.