MIRA
INFORM REPORT
|
Report Date : |
27.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASPECO NV |
|
|
|
|
Registered Office : |
Schupstraat 21, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
02.02.1999 |
|
|
|
|
Com. Reg. No.: |
465442820 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler of diamonds and other precious stones |
|
|
|
|
No of Employees : |
09 (31.03.2013) |
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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
Company summary
Business number 465442820
Company name ASPECO NV
Address SCHUPSTRAAT 21
2018 ANTWERPEN
Number of staff 09 (31.03.2013)
Date of establishment 02/02/1999
Telephone number 034011000
Ultimate holding company
Company name Company
Number
Aspeco NV 465442820
Commentary
The
business was established over 15 years ago.
The business has 09
employees.
The
business is part of a group.
This business has a foreign parent business.
The business has been at the address for over 10
years.
Operating
Result in the latest trading period increased 44% on the previous trading
period. 
Pre-tax
profits increased by 167% compared to the previous trading period.
The
business saw an increase in their Cash Balance of 408% during the latest
trading period.
Accounts
DATE OF
LATEST ACCOUNTS TURNOVER
PROFIT BEFORE TAX NET
WORTH WORKING
CAPITAL
31/03/2013 174,874,575
156,537 9,788,168 28,251,633
31/03/2012 187,990,869
58,573 9,264,871 26,891,344
31/03/2011 04,711,795
120,556 8,665,745 25,242,307
Accounts
DATE OF
LATEST ACCOUNTS
BALANCE TOTAL NUMBER OF
EMPLOYEES CAPITAL CASHFLOW
31/03/2013 98,448,211
9 8,281,402 372,412
31/03/2012 112,570,042
10 7,939,923 295,693
31/03/2011 59,903,709
11
7,464,821 335,408
TRENDS
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment expectations
Payment expectation days 19.50
Industry average payment
expectation days 165.18
Industry average day sales
Outstanding 127.11
Day sales outstanding 141.42
Court data summary
BANKRUPTCY DETAILS
Court action type no
company information
|
Business number |
465442820 |
Company name |
ASPECO
NV |
|
Fax number |
|
Date founded |
02/02/1999 |
|
Company status |
active |
Company type |
Public Limited Liability Company (BE) |
|
Currency |
Euro
(€) |
Date of latest accounts |
31/03/2013 |
|
Activity code |
46761 |
Liable for VAT |
yes |
|
Activity description |
Wholesaler of diamonds and other precious stones |
VAT Number |
BE.0465.442.820
Check VAT number |
|
Belgian Bullettin of Acts
Publications |
moniteur
belge |
|
|
Social Balance Sheet Details
|
Social
Balance Sheet |
Total |
|
|
|
|
During
the reporting year |
|
|
|
|
|
ended
31-03-2013 |
|
|
|
|
|
Full-time Employees |
9 |
|
|
|
|
Part-time
Employees |
2 |
|
|
|
|
Total Fte Employees |
11 |
|
|
|
|
|
|
|
|
|
|
Number
of hours worked |
|
|
|
|
|
Full-time Employees |
15,133 |
|
|
|
|
Part-time
Employees |
1,755 |
|
|
|
|
Total |
16,888 |
|
|
|
|
|
|
|
|
|
|
Personnel
Charges |
|
|
|
|
|
Full-time Employees |
455,157 |
|
|
|
|
Part-time
Employees |
41,700 |
|
|
|
|
Total |
496,856 |
|
|
|
|
Benefits
In Addition To Wages |
6,147 |
|
|
|
|
|
|
|
|
|
|
During
the previous reporting year |
|
|
|
|
|
Average number employees in Fte |
11 |
|
|
|
|
Actual working hours |
18,728 |
|
|
|
|
Personnel
Charges |
564,011 |
|
|
|
|
Benefits
In Addition To Wages |
4,330 |
|
|
|
|
Type
of Contract |
Full-Time |
Part-Time |
Total Fte |
-K |
|
Unlimited
Duration Contracts |
8 |
2 |
9 |
|
|
Limited
Duration Contracts |
- |
- |
- |
|
|
Contracts
For Specific Work |
- |
- |
- |
|
|
Contracts
Regarding Substitution |
- |
- |
- |
|
|
Gender
and Education Level |
|
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education |
- |
- |
- |
|
|
Secondary
education |
5 |
1 |
6 |
|
|
Higher
education (non university) |
- |
- |
- |
|
|
Higher
education (university) |
- |
- |
- |
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education |
- |
- |
- |
|
|
Secondary
education |
3 |
1 |
4 |
|
|
Higher
education (non university) |
- |
- |
- |
|
|
Higher
education (university) |
- |
- |
- |
|
|
Working
Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
- |
- |
- |
|
|
White
collar worker |
6 |
2 |
7 |
|
|
Blue
collar worker |
2 |
- |
2 |
|
|
Other |
- |
- |
- |
|
|
|
||||
|
New
staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New
Starters |
1 |
- |
1 |
|
|
Leavers |
2 |
- |
2 |
|
Personnel
(NSSO classification)
Description FROM 10 TO 19
EMPLOYEES
Joint
Industrial Committee
(JIC)
|
JIC Code |
218 |
|
Description |
Additional
national joint committee for the employees |
|
JIC Code |
324 |
|
Description |
Joint
committee for the industry and the trade in diamant |
Significant
Events
|
Event Date |
23/07/2013 |
|
Event Description |
re-appointment
of director(s) |
|
Event Details |
Commentaar
23-07-2013: Herbenoemd als bestuurders tot de jaarvergadering van 2018 : |
|
|
Shah
Nitin, Shah Bela (tevens voorzitter en gedelegeerd bestuurder), Shah Yogesh
en |
|
|
Shah
Rashmikant. |
COMPANY ACCOUNTS
Comparison Mode
·
Average Median Export
accounts to CSV File
Profit & Loss
|
Annual
accounts |
31-03-2013 |
% |
31-03-2012 |
% |
31-03-2011 |
Industry
average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
174,874,575 |
-6.98 |
187,990,869 |
79.53 |
1
04,711,795 |
60,958,460 |
186 |
|
Total
operating expenses |
172,100,603 |
-7.51 |
186,067,062 |
80.52 |
1
03,070,187 |
60,293,037 |
185 |
|
Operating
result |
2,773,972 |
44.19 |
1,923,807 |
17.19 |
1,641,608 |
405,797 |
583 |
|
Total
financial income |
482,157 |
-21.91 |
617,421 |
26.27 |
488,987 |
181,864 |
165 |
|
Total
financial expenses |
3,099,592 |
24.85 |
2,482,655 |
23.51 |
2,010,039 |
474,600 |
553 |
|
Results
on ordinary operations before taxation |
156,537 |
167 |
58,573 |
-51.41 |
120,556 |
97,557 |
60.46 |
|
Taxation |
37,952 |
-18.07 |
46,324 |
102 |
22,895 |
23,816 |
59.36 |
|
Results
on ordinary operations after taxation |
118,585 |
868 |
12,249 |
-87.46 |
97,661 |
78,366 |
51.32 |
|
Extraordinary
items |
6,250 |
-82.32 |
35,342 |
494 |
-7,143 |
2,256 |
177 |
|
Other
appropriations |
0 |
0 |
-1 |
- |
0 |
- |
- |
|
Net
result OTHER INFORMATION |
124,835 |
162 |
47,590 |
-47.42 |
90,518 |
80,621 |
54.84 |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
63,644 |
- |
|
Dividends |
- |
- |
- |
- |
- |
32,918 |
- |
|
Director
remuneration |
- |
- |
- |
- |
- |
115,450 |
- |
|
Employee
costs |
496,856 |
-8.12 |
540,755 |
15.22 |
469,329 |
141,970 |
249 |
|
Wages and salary |
380,918 |
-6.85 |
408,950 |
14.88 |
355,982 |
121,707 |
212 |
|
Employee pension costs |
- |
- |
- |
- |
- |
0 |
- |
|
Social security contributions |
100,860 |
-8.05 |
109,694 |
10.63 |
99,150 |
29,123 |
246 |
|
Other employee costs |
15,078 |
-31.81 |
22,111 |
55.74 |
14,197 |
3,539 |
326 |
|
Amortization
and depreciation |
247,577 |
-0.21 |
248,103 |
1.31 |
244,890 |
27,734 |
792 |
balance sheet
|
Annual
accounts |
31-03-2013 |
|
31-03-2012 |
% |
31-03-2011 |
Industry
average 2013 |
% |
|||||||
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|||||||
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|||||||
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
1,048 |
-100 |
|||||||
|
Tangible
fixed assets |
1,202,408 |
-12.90 |
1,380,503 |
-8.59 |
1,510,227 |
306,673 |
292 |
|||||||
|
Land
& building |
- |
- |
- |
- |
- |
588,281 |
- |
|||||||
|
Plant
& machinery |
627,758 |
-10.81 |
703,822 |
-7.76 |
763,023 |
46,823 |
1240 |
|||||||
|
Furniture
& Vehicles |
1,106 |
-94.74 |
21,018 |
-32.92 |
31,333 |
18,181
6,810 |
-93.92 |
|||||||
|
Leasing
& Other Similar Rights |
573,544 |
-12.52 |
655,664 |
-8.41 |
715,871 |
153,494
20,215 |
273 |
|||||||
|
Other
tangible assets |
0 |
0 |
-1 |
- |
0 |
5,609 |
-100 |
|||||||
|
Financial
fixed assets |
6,259 |
-83.15 |
37,150 |
6.36 |
34,928 |
40,363 |
-84.49 |
|||||||
|
Total
fixed assets |
1,208,667 |
-14.74 |
1,417,654 |
-8.25 |
1,545,154 |
315,470 |
283 |
|||||||
|
Inventories |
23,664,079 |
-21.41 |
30,112,310 |
88.33 |
15,989,449 |
6,872,350 |
244 |
|||||||
|
Work
in progress |
0 |
- |
0 |
- |
0 |
10,238 |
-100 |
|||||||
|
Finished
goods |
23,664,079 |
-21.41 |
30,112,310 |
88.33 |
15,989,449 |
5,458,557 |
333 |
|||||||
|
Other
stocks |
0 |
- |
0 |
- |
0 |
469,449 |
-100 |
|||||||
|
Trade
debtors |
67,757,769 |
-14.28 |
79,047,059 |
108 |
37,942,973 |
12,280,758 |
451 |
|||||||
|
Cash |
5,191,222 |
408 |
1,021,431 |
-71.00 |
3,522,258 |
597,000 |
769 |
|||||||
|
other
amounts receivable |
561,351 |
-37.73 |
901,516 |
6.74 |
844,605 |
335,481 |
67.33 |
|||||||
|
Miscellaneous
current assets |
65,123 |
-7.06 |
70,072 |
18.23 |
59,270 |
32,255 |
101 |
|||||||
|
Total
current assets |
97,239,544 |
-12.52 |
111,152,388 |
90.46 |
58,358,555 |
19,177,942 |
407 |
|||||||
|
Total
Assets |
98,448,211 |
-12.54 |
112,570,042 |
87.92 |
59,903,709 |
19,465,847
4,180,931 |
405 |
|||||||
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|||||||
|
Trade
creditors |
9,196,247 |
-71.76 |
32,563,021 |
166 |
12,226,421 |
7,520,809 |
22.28 |
|||||||
|
Financial
debts |
59,446,862 |
15.70 |
51,378,787 |
149 |
20,611,394 |
10,499,105 |
466 |
|||||||
|
Current
portion of long term debt |
151,217 |
0.06 |
151,130 |
6.47 |
141,946 |
5,897,314,016 |
156 |
|||||||
|
Amounts
Payable for Taxes, Remuneration & Social Security |
133,136 |
4.42 |
127,502 |
14.61 |
111,246 |
13,723 |
242 |
|||||||
|
Miscellaneous
current liabilities |
60,449 |
48.87 |
40,604 |
60.87 |
25,241 |
-90.66 |
--- |
|||||||
|
Total
current liabilities |
68,987,911 |
-18.13 |
84,261,044 |
154 |
33,116,248 |
14,004,646 |
392 |
|||||||
|
Long term Debts &
Liabilities |
|
|
|
|
|
|
||||||||
|
Long
term group loans |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|||||||
|
Other
long term loans |
6,240,651 |
574 |
925,588 |
-14.88 |
1,087,336 |
124 |
--- |
|||||||
|
Deffered
taxes |
-- |
-- |
-- |
-- |
-- |
00 |
--- |
|||||||
|
Provisions
for Liabilities & Charges |
0 |
-- |
0 |
-- |
0 |
30,110 |
-100 |
|||||||
|
Other
long term liabilities |
13,431,481 |
-25.87 |
18,118,539 |
6.36 |
17,034,380 |
190,287 |
6958 |
|||||||
|
Total
long term debts |
19,672,132 |
3.30 |
19,044,127 |
5.09 |
18,121,716 |
1,729,272 |
1037 |
|||||||
|
Shareholders Equity |
|
|
|
|
|
|
|
|||||||
|
Issued
share capital |
8,281,402 |
4.30 |
7,939,923 |
6.36 |
7,464,821 |
2,736,997 |
202 |
|||||||
|
Share
premium account |
290,982 |
4.30 |
278,984 |
6.36 |
262,290 |
273,462 |
6.41 |
|||||||
|
Reserves |
1,215,784 |
16.24 |
1,045,964 |
11.43 |
938,634 |
887,447 |
37.00 |
|||||||
|
Revaluation
reserve |
-- |
-- |
-- |
--- |
--- |
1,662,858 |
-- |
|||||||
|
Total
shareholders equity |
9,788,168 |
5.65 |
9,264,871 |
6.91 |
8,665,745 |
3,731,929 |
162 |
|||||||
|
Working
capital |
28,251,168 |
5.06 |
26,891,344 |
6.53 |
25,242,307 |
5,173,296 |
446 |
|||||||
|
Cashflow |
372,412 |
25.95 |
295,693 |
-11.84 |
335,408 |
104,317 |
257 |
|||||||
|
Net
worth |
9,788,168 |
5.65 |
9,264,871 |
6.91 |
8,665,745 |
3,730,881 |
162 |
|||||||
Ratio Analysis
|
Annual
accounts |
31-03-2013 |
change(%) |
31-03-2012 |
change(%) |
31-03-2011 |
Industry
average 2013 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.09 |
200 |
0.03 |
-75.00 |
0.12 |
11,00 |
-99 |
|
Return
on capital employed |
0.53 |
152 |
0.21 |
-53.33 |
0.45 |
-4,00 |
13.25 |
|
Return
on total assets employed |
0.16 |
220 |
0.05 |
-75.00 |
0.20 |
0,00 |
- |
|
Return
on net assets employed |
1.60 |
153 |
0.63 |
-54.68 |
1.39 |
8,00 |
-80.00 |
|
Sales
/ net working capital |
6.19 |
-11.44 |
6.99 |
68.43 |
4.15 |
31,00 |
-99 |
|
Stock
turnover ratio |
13.53 |
-15.54 |
16.02 |
4.91 |
15.27 |
20,00 |
-32.35 |
|
Debtor
days |
141.42 |
-7.86 |
153.48 |
16.04 |
132.26 |
167,00 |
-15.32 |
|
Creditor
days SHORT TERM STABILITY |
19.50 |
-69.47 |
63.88 |
47.53 |
43.30 |
90,00 |
-78.33 |
|
Current
ratio |
1.41 |
6.82 |
1.32 |
-25.00 |
1.76 |
5,00 |
-92.58 |
|
Liquidity
ratio / acid ratio |
1.07 |
11.46 |
0.96 |
-25.00 |
1.28 |
4,00 |
-73.25 |
|
Current
debt ratio |
7.05 |
-22.44 |
9.09 |
137 |
3.82 |
19,00 |
-62.89 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
672.64 |
18.80 |
566.18 |
124 |
252.03 |
304,00 |
121 |
|
Equity
in percentage |
9.94 |
20.78 |
8.23 |
-43.12 |
14.47 |
18,00 |
-44.78 |
|
Total
debt ratio |
9.06 |
-18.74 |
11.15 |
88.66 |
5.91 |
20,00 |
-54.70 |
Industry comparison
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
Payment Information
Payment
expectations
Payment expectation days 19.50
Day sales outstanding 141.42
Industry
comparison
Activity code 46761
Activity description Wholesaler of
diamonds and other precious stones
Industry average payment
expectation days 165.18
Industry average day sales
Outstanding 12
Industry quartile
analysis
Payment expectations
Company result 19.50
Lower 134.34
Median 84.97
Upper 46
Day sales outstanding
Company result 141.42
Lower 111.41
Median 59.01
Upper 28.09
Payment expectations
|
Company result |
19.50 |
|
Lower |
134.34 |
|
Median |
84.97 |
|
Upper |
46 |
Shareholder Details
Summary
Group - Number of Companies 2
Linkages - Number of Companies 0
Number of Countries 0
Group Structure
Company name Number
Latest financials
- ASPECO NV 465442820
31-03-2013
- - KG CREATIONS 491869640
31-03-2010
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Linked Companies
Summary
Group - Number of Companies 2
Linkages - Number of Companies 0
Number of Countries 0
Court data
NSSO details
Business number 465442820
Bankruptcy details
There is no bankruptcy data against this company
Bankruptcy Data
Court Data
there is no data for this company
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.58.58 |
|
UK Pound |
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.