MIRA
INFORM REPORT
|
Report Date : |
17.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHAYONA BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 40
2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
26.04.1982 |
|
|
|
|
Com. Reg. No.: |
422692940 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
Wholesale of
diamonds and precious stones |
|
|
|
|
No. of Employees : |
Not Available |
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 – 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
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 |
422692940 |
|
Company name |
SHAYONA BVBA |
|
Address |
HOVENIERSSTRAAT 40 |
|
|
2018 ANTWERPEN |
|
Number of staff |
0 |
|
Date of
establishment |
26/04/1982 |
|
Telephone number |
036087876 |
|
Fax number |
032318653 |
|
Business number |
422692940 |
Company name |
SHAYONA BVBA |
|
Fax number |
032318653 |
Date founded |
26/04/1982 |
|
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.0422.692.940 |
|
Belgian Bullettin
of Acts Publications |
|
|
DIRECTORS/MANAGEMENT
Current director details
|
Name |
|
|
Position |
Principal Manager |
|
Start Date |
21/11/1997 |
|
Street |
14 BELGIËLEI
ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
Former director details
|
Name |
|
|
Position |
Principal Manager |
|
Start Date |
15/08/1997 |
|
End Date |
- |
|
Street |
14 BELGIËLEI
ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Commissioner |
|
Start Date |
21/11/1997 |
|
End Date |
- |
|
Date of birth |
03/08/1951 |
|
Street |
4 BOSDUIFDREEF
SCHILDE |
|
Post code |
2970 |
|
Country |
Belgium |
NEGATIVE INFORMATION
\\SERVERNEW\Data\Reports
2013\Reports (from 01-12-2013 to 31-12-2013)\SCARLET_BACK-UPREPORTSservicescompany_searchcourt_data.aspx?CompanyNumber=422692940Court
data summary
|
Bankruptcy details |
|
|
Court action type |
no |
|
Protested bills |
|
|
Bill amount |
- |
|
NSSO details |
|
|
Date of summons |
- |
Personnel (NSSO classification)
|
Code |
- |
|
Description |
- |
Joint Industrial Committee (JIC)
Protested bills
|
Drawee name |
- |
|
Address |
- |
|
Bill amount |
- |
|
Bill currency |
- |
|
Maturity of bill |
- |
|
Name of drawer |
- |
|
City of drawer |
- |
NSSO details
|
Business number |
422692940 |
|
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 |
SHARE & SHARE CAPITAL INFORMATION
Minority
Shareholders
|
No minority
shareholders found |
Minority Interests
|
No minority
interests found |
Individual
Shareholders
|
Shareholder Name |
|||
|
Forename |
- |
Middle name |
- |
|
Surname |
Patel Tulsjibhai |
|
|
|
Shareholder
Details |
|||
|
Start date |
02/04/1998(estimated) |
End date |
- |
|
Percentage owned |
1% |
|
|
|
Shareholder
Address |
|||
|
Street name |
Belgiëlei |
House number |
14 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2018 |
Country |
Belgium |
|
Shareholder Name |
|||
|
Forename |
Shamjibhai |
Middle name |
- |
|
Surname |
Patel |
|
|
|
Shareholder
Details |
|||
|
Start date |
02/04/1998(estimated) |
End date |
- |
|
Percentage owned |
99% |
|
|
|
Shareholder
Address |
|||
|
Street name |
Belgiëlei |
House number |
14 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2018 |
Country |
Belgium |
PAYMENT INFORMATION
\\SERVERNEW\Data\Reports
2013\Reports (from 01-12-2013 to
31-12-2013)\SCARLET_BACK-UPREPORTSservicescompany_searchpayment_information.aspx?CompanyNumber=422692940Payment
expectations
|
Past payments |
|
Payment
expectation days |
284.27 |
|
Industry average
payment expectation days |
166.75 |
Industry average
day sales outstanding |
118.14 |
|
Day sales
outstanding |
104.06 |
||
Industry
comparison
|
Activity code |
46761 |
|
Activity
description |
Wholesale of
diamonds and other precious stones |
|
industry average
credit rating |
64.48 |
|
Industry average
credit limit |
140177.31 |
Suspension of
payments / moratorium history
|
Amount |
- |
|
Details |
- |
Payment
expectations
|
Payment
expectation days |
284.27 |
|
Day sales
outstanding |
104.06 |
Industry
comparison
|
Activity code |
46761 |
|
Activity
description |
Wholesale of
diamonds and other precious stones |
|
Industry average
payment expectation days |
166.75 |
|
Industry average
day sales outstanding |
118.14 |
Industry quartile
analysis
|
Payment
expectations |
|
|
Company result |
284.27 |
|
Lower |
134.36 |
|
Median |
84.93 |
|
Upper |
44.86 |
|
Day sales
outstanding |
|
|
Company result |
104.06 |
|
Lower |
112.73 |
|
Median |
58.56 |
|
Upper |
28.58 |
GROUP STRUCTURE & AFFILIATED COMPANIES
\\SERVERNEW\Data\Reports
2013\Reports (from 01-12-2013 to 31-12-2013)\SCARLET_BACK-UPREPORTSservicescompany_searchshareholders.aspx?CompanyNumber=422692940Ultimate
holding company
|
Company name |
|
Company Number |
View linked
companies from outside this company's group structure |
|
- |
|
- |
No linked
companies have been found. |
Summary
|
Group - Number of Companies |
0 |
|
Linkages - Number
of Companies |
0 |
|
Number of
Countries |
0 |
Group Structure
|
No group structure
for this company. |
FINANCIAL INFORMATION
|
Date of latest
accounts |
Turnover |
Profit Before Tax |
Net worth |
Working capital |
|
31/12/2012 |
12,532,587 |
13,103 |
66,943 |
64,366 |
|
31/12/2011 |
10,512,192 |
117,307 |
57,054 |
54,334 |
|
31/12/2010 |
3,137,734 |
37,974 |
-60,845 |
-60,845 |
|
Date of latest
accounts |
Balance Total |
Number of
Employees |
Capital |
Cashflow |
|
31/12/2012 |
10,125,906 |
0 |
18,592 |
11,118 |
|
31/12/2011 |
8,566,472 |
0 |
18,592 |
118,910 |
|
31/12/2010 |
- |
0 |
18,592 |
38,301 |
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration
Contracts |
- |
- |
- |
|
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 |
- |
- |
- |
|
Higher education
(non university) |
- |
- |
- |
|
Higher education
(university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy
education |
- |
- |
- |
|
Higher education
(non university) |
- |
- |
- |
|
Higher education
(university) |
- |
- |
- |
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar
worker |
- |
- |
- |
|
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 |
- |
- |
- |
|
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 |
- |
- |
|
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 |
12,532,587 |
19.22 |
10,512,192 |
235 |
3,137,734 |
46,188,124 |
-72.87 |
|
|
Total operating
expenses |
12,408,459 |
19.67 |
10,369,223 |
236 |
3,084,199 |
45,792,277 |
-72.90 |
|
|
124,128 |
-13.18 |
142,969 |
167 |
53,535 |
149,257 |
-16.84 |
|
|
|
70,704 |
767 |
8,150 |
93.77 |
4,206 |
98,814 |
-28.45 |
|
|
|
181,729 |
437 |
33,812 |
71.05 |
19,767 |
206,175 |
-11.86 |
|
|
|
13,103 |
-88.83 |
117,307 |
208 |
37,974 |
33,122 |
-60.44 |
|
|
|
3,214 |
- |
- |
- |
-327 |
20,980 |
-84.68 |
|
|
|
9,889 |
-91.57 |
117,307 |
206 |
38,301 |
18,209 |
-45.69 |
|
|
|
0 |
-100 |
592 |
- |
0 |
-4,771 |
0 |
|
|
|
0 |
- |
0 |
- |
0 |
- |
- |
|
|
|
9,889 |
-91.61 |
117,899 |
207 |
38,301 |
13,454 |
-26.50 |
|
|
|
other information |
|||||||
|
|
- |
- |
- |
- |
- |
172,177 |
- |
|
|
|
- |
- |
- |
- |
- |
114,096 |
- |
|
|
|
- |
- |
- |
- |
- |
129,010 |
- |
|
|
|
- |
- |
- |
- |
- |
107,733 |
- |
|
|
|
- |
- |
- |
- |
- |
14,428 |
- |
|
|
|
- |
- |
- |
- |
- |
27,134 |
- |
|
|
|
0 |
- |
0 |
- |
0 |
4,472 |
-100 |
|
|
|
1,229 |
21.56 |
1,011 |
- |
- |
17,629 |
-93.03 |
|
|
|
|
|||||||
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 |
1,614 |
-100 |
|
|
|
2,577 |
-5.26 |
2,720 |
- |
- |
179,841 |
-98.57 |
|
|
|
- |
- |
- |
- |
- |
351,498 |
- |
|
|
|
663 |
-50.04 |
1,327 |
- |
- |
22,362 |
-97.04 |
|
|
|
1,914 |
37.40 |
1,393 |
- |
- |
17,390 5,364 |
-88.99 |
|
|
|
- |
- |
- |
- |
- |
142,153 32,369 |
- |
|
|
|
0 |
- |
0 |
- |
0 |
7,932 |
-100 |
|
|
|
- |
- |
- |
- |
- |
297,220 |
- |
|
|
|
2,577 |
-5.26 |
2,720 |
- |
- |
384,269 |
-99 |
|
|
|
6,031,352 |
-5.77 |
6,400,717 |
75.26 |
3,652,088 |
3,089,287 |
95.23 |
|
|
|
- |
- |
- |
- |
- |
7,209,884 |
- |
|
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,497 |
-100 |
|
|
0 |
- |
0 |
- |
0 |
1,967,160 |
-100 |
|
|
|
6,031,352 |
-5.77 |
6,400,717 |
75.26 |
3,652,088 |
580,371 |
939 |
|
|
|
3,573,147 |
85.57 |
1,925,530 |
25.73 |
1,531,503 |
4,142,083 |
-13.74 |
|
|
|
Cash |
19,378 |
-89.17 |
178,852 |
80.53 |
99,069 |
224,018 |
-91.35 |
|
|
499,452 |
751 |
58,653 |
1037 |
5,156 |
185,620 |
169 |
|
|
|
0 |
- |
0 |
- |
0 |
18,072 |
-100 |
|
|
|
10,123,329 |
18.21 |
8,563,752 |
61.95 |
5,287,816 |
7,184,048 |
40.91 |
|
|
|
10,125,906 |
18.20 |
8,566,472 |
62.00 |
5,287,816 |
7,536,892
1,449,923 |
34.35 |
|
|
|
current
liabilities |
|||||||
|
|
9,663,878 |
20.12 |
8,045,266 |
64.84 |
4,880,772 |
3,014,509 |
220 |
|
|
|
- |
- |
- |
- |
- |
- |
- |
|
|
|
203,890 |
-17.32 |
246,605 |
27.09 |
194,033 |
4,243,150 189,666 |
-95.19 |
|
|
|
- |
- |
- |
- |
- |
108,910 15,032 |
- |
|
|
|
3,296 |
278 |
870 |
- |
- |
9,397 - |
-90.32 |
|
|
|
187,899 |
-13.28 |
216,677 |
-20.88 |
273,856 |
-37.18 |
- - |
|
|
|
10,058,963 |
18.21 |
8,509,418 |
59.09 |
5,348,661 |
5,309,231 |
89.46 |
|
|
|
Long term debts
and liabilities |
|||||||
|
|
Long term group
loans |
- |
- |
- |
- |
- |
- |
- - |
|
|
Other long term
loans |
- |
- |
- |
- |
- |
- |
- - |
|
|
Deffered taxes |
- |
- |
- |
- |
- |
35,141 24,730 |
- |
|
|
Provisions for
Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,241 0 |
-100 |
|
|
Other long term
liabilities |
0 |
- |
0 |
- |
0 |
133,599 |
-100 |
|
|
0 |
- |
0 |
- |
0 |
570,351 |
-100 |
|
|
|
shareholders
equity |
|||||||
|
|
18,592 |
0 |
18,592 |
0 |
18,592 |
916,311 |
-97.97 |
|
|
|
- |
- |
- |
- |
- |
109,362 |
- |
|
|
|
48,351 |
25.71 |
38,462 |
48.42 |
-79,437 |
699,078 |
-93.08 |
|
|
|
- |
- |
- |
- |
- |
934,864 |
- |
|
|
|
Total shareholders
equity |
66,943 |
17.33 |
57,054 |
93.77 |
-60,845 |
1,643,187 |
-95.93 |
|
|
64,366 |
18.46 |
54,334 |
89.30 |
-60,845 |
1,874,818 |
-96.57 |
|
|
|
11,118 |
-90.65 |
118,910 |
210 |
38,301 |
27,969 |
-60.25 |
|
|
|
66,943 |
17.33 |
57,054 |
93.77 |
-60,845 |
1,639,845 |
-95.92 |
|
|
|
|
|||||||
ratio analysis
|
|
Annual accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average |
% |
|
|
Trading
performance |
|||||||
|
|
Profit Before Tax |
0.10 |
-91.07 |
1.12 |
-7.44 |
1.21 |
-27,00 |
0.37 |
|
|
19.57 |
-90.48 |
205.61 |
329 |
-62.41 |
31,00 |
-36.87 |
|
|
|
0.13 |
-90.51 |
1.37 |
90.28 |
0.72 |
-214,00 |
0.06 |
|
|
|
19.57 |
-90.48 |
205.61 |
329 |
-62.41 |
21,00 |
-6.81 |
|
|
|
194.71 |
0.64 |
193.47 |
375 |
-51.57 |
45,00 |
-99 |
|
|
|
48.13 |
-20.96 |
60.89 |
-47.68 |
116.39 |
115,00 |
-58.15 |
|
|
|
104.06 |
55.64 |
66.86 |
-62.47 |
178.15 |
138,00 |
-24.59 |
|
|
|
284.27 |
0.38 |
283.20 |
-50.97 |
577.62 |
126,00 |
125 |
|
|
|
short term
stability |
|||||||
|
|
1.01 |
0 |
1.01 |
2.02 |
0.99 |
7,00 |
-88.78 |
|
|
|
0.41 |
64.00 |
0.25 |
-19.35 |
0.31 |
4,00 |
-89.75 |
|
|
|
150.26 |
0.74 |
149.15 |
169 |
-87.91 |
9,00 |
1569 |
|
|
|
Liquidity ratio
reprocessed |
- |
- |
- |
- |
- |
- |
|
|
|
long term
stability |
|||||||
|
|
304.57 |
-29.54 |
432.23 |
135 |
-318.90 |
371,00 |
-17.91 |
|
|
|
0.66 |
-1.49 |
0.67 |
58.26 |
-1.15 |
-3.343,00 |
0.02 |
|
|
|
150.26 |
0.74 |
149.15 |
169 |
-87.91 |
11,00 |
1266 |
|
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Commentary
|
The business was
established over 31 years ago. |
|
|
The business has 1
employees. |
|
|
The business has
been at the address for over 2 years. |
|
|
The credit rating
for this business has decreased from 86 to 83. |
|
|
The credit limit
for this business has decreased from €345000 to €330000. |
|
|
Pre-tax profits
decreased by 88% compared to the previous trading period. |
|
|
The business saw a
decrease in their Cash Balance of 89% during the latest trading period. |
|
Trends
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOTES & COMMENTS
Na
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.58.86 |
|
|
1 |
Rs.98.82 |
|
Euro |
1 |
Rs.80.71 |
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.