|
Report Date : |
29.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
DIA-VEER BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
13.03.1992 |
|
|
|
|
Com. Reg. No.: |
446886423 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of diamonds and other precious stones |
|
|
|
|
No of Employees : |
0 |
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 (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
|
Business number |
446886423 |
|
Company name |
DIA-VEER
BVBA |
|
Address |
HOVENIERSSTRAAT
30 |
|
|
2018
ANTWERPEN |
|
Number of staff |
0 |
|
Date of establishment |
13/03/1
992 |
|
Telephone number |
032133982 |
|
Fax number |
032263815 |
|
The
business was established over 22 years ago. |
|
The
business has 1 employees. |
|
The
business has been at the address for over 18 years. |
|
Operating
Result in the latest trading period increased 52% on the previous trading
period. |
|
A
45% growth in Total Assets occurred during the latest trading period. |
|
Pre-tax
profits decreased by 61% compared to the previous trading period. |
|
Turnover
in the latest trading period increased 41 % on the previous trading period. |
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2012 |
16,265,641 |
22,337 |
853,597 |
1,091,161 |
|
31/12/2011 |
11,494,200 |
58,237 |
859,976 |
1,110,420 |
|
31/12/2010 |
10,980,535 |
77,582 |
827,534 |
1,080,124 |
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
9,108,700 |
0 |
600,000 |
18,638 |
|
31/12/2011 |
6,277,789 |
0 |
600,000 |
58,349 |
|
31/12/2010 |
7,444,456 |
0 |
600,000 |
72,676 |
|
Profitability |
|
Liquidity |
|
Net worth |
|
Past
payments |
|
Payment
expectation days |
171.60 |
|
|
Industry average payment expectation days |
165.24 |
Industry average day sales
outstanding |
126.31 |
|
|
Day sales
outstanding |
128.30 |
|
|
|
BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons -
|
Business
number |
446886423 |
Company
name |
DIA-VEER
BVBA |
|
|
Fax number |
032263815 |
Date
founded |
13/03/1992 |
|
|
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.0446.886.423
Check VAT number |
|
|
Belgian
Bullettin of Acts Publications |
moniteur
belge |
|
|
|
|
Contractor
details |
||||
|
Registered contractor number |
- |
|
|
|
|
Contractor
description |
- |
|
|
|
|
Date
struck off register |
||||
|
Social
Balance Sheet Details |
||||
|
|
||||
|
Social
Balance Sheet |
|
Total |
|
|
|
During the reporting year ended 31-12-2012 |
||||
|
Full-time
Employees |
|
- |
|
|
|
Part-time
Employees |
|
1 |
|
|
|
Total Fte
Employees |
|
1 |
|
|
|
|
||||
|
Number of
hours worked |
||||
|
Full-time Employees |
|
- |
|
|
|
Part-time
Employees |
|
924 |
|
|
|
Total |
|
924 |
|
|
|
|
||||
|
Personnel
Charges |
||||
|
Full-time
Employees |
|
- |
|
|
|
Part-time
Employees |
|
- |
|
|
|
Total |
|
- |
|
|
|
Benefits
In Addition To Wages |
- |
|
|
|
|
|
||||
|
During the
previous reporting year |
||||
|
Average
number employees in Fte |
1 |
|
|
|
|
Actual
working hours |
|
920 |
|
|
|
Personnel
Charges |
|
17,675 |
|
|
|
Benefits
In Addition To Wages |
- |
|
|
|
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited Duration Contracts |
- |
1 |
1 |
|
|
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 |
- |
1 |
1 |
|
|
Higher
education (non university) |
- |
- |
- |
|
|
Higher
education (university) |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
Working
Category |
Full-Time |
Part-Time |
Total Fte |
. |
|
Management |
- |
- |
- |
|
|
White
collar worker |
- |
1 |
1 |
|
|
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 - |
- |
|
|
|
|
|
|
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 |
||
Profit & loss
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
16,265,641 |
41.51 |
11,494,200 |
4.68 |
1
0,980,535 |
46,485,458 |
-65.01 |
|
Total
operating expenses |
16,175,328 |
41.46 |
11,434,848 |
5.81 |
1
0,807,323 |
46,114,879 |
-64.92 |
|
Operating
result |
90,312 |
52.16 |
59,352 |
-65.73 |
173,212 |
141,119 |
-36.00 |
|
Total
financial income |
18,781 |
-45.00 |
34,149 |
136497 |
25 |
98,884 |
-81.01 |
|
Total
financial expenses |
86,756 |
146 |
35,264 |
-63.13 |
95,655 |
206,523 |
-57.99 |
|
Results
on ordinary operations before taxation |
22,337 |
-61.64 |
58,237 |
-24.93 |
77,582 |
25,299 |
-11.71 |
|
Taxation |
28,716 |
304 |
7,106 |
-62.20 |
18,801 |
20,807 |
38.01 |
|
Results
on ordinary operations after taxation |
-6,379 |
-112 |
51,131 |
-13.01 |
58,781 |
10,494 |
-160 |
|
Extraordinary
items |
0 |
0 |
-18,689 |
-4207 |
455 |
-3,973 |
0 |
|
Other
appropriations |
0.00 |
- |
0.00 |
- |
0 |
- |
- |
|
Net
result OTHER INFORMATION |
-6,379 |
-119 |
32,442 |
-45.23 |
59,236 |
6,539 |
-197 |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
56,922 |
- |
|
Dividends |
- |
- |
- |
- |
- |
172,177 |
- |
|
Director
remuneration |
90,240 |
0 |
90,240 |
0 |
90,240 |
112,544 |
-19.82 |
|
Employee
costs |
18,565 |
5.04 |
17,675 |
2.84 |
17,187 |
125,946 |
-85.26 |
|
Wages
and salary |
15,116 |
3.48 |
14,608 |
2.49 |
14,253 |
1
05,550 |
-85.68 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
14,428 |
- |
|
Social
security contributions |
2,865 |
2.25 |
2,802 |
6.16 |
2,639 |
26,656 |
-89.25 |
|
Other
employee costs |
584 |
120 |
265 |
-10.11 |
295 |
4,349 |
-86.56 |
|
Amortization
and depreciation |
25,017 |
-3.44 |
25,907 |
92.76 |
13,440 |
17,831 |
40.30 |
Balance Sheet
|
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 |
0 |
- |
0 |
- |
0 |
1,573 |
-100 |
|
Tangible
fixed assets |
265,037 |
-8.62 |
290,054 |
-4.82 |
304,750 |
184,117 |
43.95 |
|
Land
& building |
242,853 |
-6.85 |
260,712 |
-2.68 |
267,896 |
362,988 |
-33.10 |
|
Plant
& machinery |
1,791 |
-26.00 |
2,420 |
-28.87 |
3,402 |
22,615 |
-92.08 |
|
Furniture
& Vehicles |
20,394 |
-24.25 |
26,923 |
-19.52 |
33,452 |
17,295
5,364 |
17.92 |
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
- |
142,153 32,369 |
- |
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
7,596 |
-100 |
|
Financial
fixed assets |
4,665 |
0 |
4,665 |
0.01 |
4,665 |
306,761 |
-98.48 |
|
Total
fixed assets |
269,703 |
-8.49 |
294,720 |
-4.75 |
309,41
5 |
394,708 |
-31.67 |
|
Inventories |
2,670,260 |
124 |
1,187,078 |
-17.72 |
1,442,730 |
3,105,524 |
-14.02 |
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
7,209,884 |
- |
|
Work
in progress |
0 |
- |
0 |
- |
0 |
2,387 |
-100 |
|
Finished
goods |
2,670,260 |
124 |
1,187,078 |
-17.72 |
1,442,730 |
1,996,655 |
33.74 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
569,977 |
-100 |
|
Trade
debtors |
5,717,295 |
29.69 |
4,408,346 |
-19.97 |
5,508,141 |
4,243,347 |
34.74 |
|
Cash |
408,195 |
10.47 |
369,505 |
125 |
164,114 |
227,473 |
79.45 |
|
other
amounts receivable |
32,209 |
360 |
7,000 |
-31.55 |
10,227 |
209,176 |
-84.60 |
|
Miscellaneous
current assets |
11,038 |
-0.92 |
11,141 |
13.35 |
9,829 |
18,254 |
-39.53 |
|
Total
current assets |
8,838,997 |
47.73 |
5,983,069 |
-16.15 |
7,135,041 |
7,328,597 |
20.61 |
|
Total
Assets |
9,108,700 |
45.09 |
6,277,789 |
-15.67 |
7,444,456 |
7,683,424
1,454,122 |
18.55 |
|
CURRENT
LIABILITIES |
|||||||
|
Trade
creditors |
7,604,718 |
63.27 |
4,657,749 |
-20.63 |
5,868,303 |
3,148,030 |
141 |
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
81,791 |
-1.02 |
82,635 |
12954 |
633 |
4,280,807 189,666 |
-98.09 |
|
Current
portion of long term debt |
22,999 |
4.81 |
21,944 |
4.66 |
20,966 |
110,204 15,373 |
-79.13 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
14,700 |
122 |
6,619 |
-40.15 |
11,060 |
9,740
- |
-56.81 |
|
Miscellaneous
current liabilities |
23,628 |
-77.22 |
103,702 |
-32.64 |
153,955 |
-92.07 |
- - |
|
Total
current liabilities |
7,747,836 |
59.01 |
4,872,649 |
-19.53 |
6,054,917 |
5,462,976 |
41.82 |
|
LONG TERM DEBTS
AND LIABILITIES |
|||||||
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other
long term loans |
507,267 |
-6.95 |
545,163 |
-3.00 |
562,005 |
-54.46 |
- - |
|
Deffered
taxes |
- |
- |
- |
- |
- |
37,626
26,358 |
- |
|
Provisions
for Liabilities & Charges |
0 |
-0 |
-0 |
3,168
0 |
-100 |
||
|
Other
long term liabilities |
0 |
-0 |
-0 |
128,026 |
-100 |
||
|
Total
long term debts |
507,267 |
-6.95 |
545,163 |
-3.00 |
562,005 |
562,804 |
-9.87 |
|
SHAREHOLDERS
EQUITY |
|||||||
|
Issued
share capital |
600,000 |
0 |
600,000 |
0 |
600,000 |
967,968 |
-38.01 |
|
Share
premium account |
- |
- |
- |
- |
- |
109,362 |
- |
|
Reserves |
253,597 |
-2.45 |
259,976 |
14.26 |
227,534 |
654,096 |
-61.23 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
939,206 |
- |
|
Total
shareholders equity |
853,597 |
-0.74 |
859,976 |
3.92 |
827,534 |
1,651,582 |
-48.32 |
|
Working
capital |
1,091,161 |
-1.73 |
1,110,420 |
2.80 |
1,080,124 |
1,865,621 |
-41.51 |
|
Cashflow |
18,638 |
-68.06 |
58,349 |
-19.71 |
72,676 |
21,288 |
-12.45 |
|
Net
worth |
853,597 |
-0.74 |
859,976 |
3.92 |
827,534 |
1,648,350 |
-48.22 |
|
Annual accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average 2012 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.14 |
-72.55 |
0.51 |
-28.17 |
0.71 |
-29,00 |
0.48 |
|
Return
on capital employed |
1.64 |
-60.39 |
4.14 |
-25.81 |
5.58 |
29,00 |
-94.34 |
|
Return
on total assets employed |
0.25 |
-73.12 |
0.93 |
-10.58 |
1.04 |
-200,00 |
0.12 |
|
Return
on net assets employed |
2.62 |
-61.30 |
6.77 |
-27.83 |
9.38 |
19,00 |
-86.21 |
|
Sales
/ net working capital |
14.91 |
44.06 |
10.35 |
1.77 |
10.17 |
44,00 |
-99 |
|
Stock
turnover ratio |
16.42 |
58.95 |
10.33 |
-21.39 |
13.14 |
116,00 |
-85.84 |
|
Debtor
days |
128.30 |
-8.35 |
139.99 |
-23.54 |
183.09 |
143,00 |
-10.28 |
|
Creditor
days SHORT TERM STABILITY |
171.60 |
15.42 |
148.68 |
-24.98 |
198.19 |
125,00 |
37.28 |
|
Current
ratio |
1.14 |
-7.32 |
1.23 |
4.24 |
1.18 |
6,00 |
-87.33 |
|
Liquidity
ratio / acid ratio |
0.80 |
-18.37 |
0.98 |
4.26 |
0.94 |
4,00 |
-80.00 |
|
Current
debt ratio |
9.08 |
60.14 |
5.67 |
-22.54 |
7.32 |
9,00 |
0.89 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
71.70 |
-5.10 |
75.55 |
7.13 |
70.52 |
357,00 |
-79.92 |
|
Equity
in percentage |
9.37 |
-31.61 |
13.70 |
23.20 |
11.12 |
-3.192,00 |
0.29 |
|
Total
debt ratio |
9.67 |
53.49 |
6.30 |
-21.25 |
8 |
11,00 |
-12.09 |
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 171.60
Day sales
outstanding 128.30
Industry
comparison
Activity code 46761
Activity
description Wholesale of
diamonds and other precious stones
Industry average
payment
expectation days 165.24
Industry average
day sales
Outstanding 126.31
Industry quartile
analysis
Payment
expectations
Company result 171.60
Lower 134.13
Median 84.97
Upper 45.81
Day sales
outstanding
Company result 128.30
Lower 110.17
Median 59.01
Upper 28.11
Group - Number of
Companies 0
Linkages - Number
of Companies 0
Number of
Countries 0
Group Structure
No group structure
for this company.
Minority
Shareholders
No minority shareholders
found
Minority Interests
No minority
interests found
Summary
Group - Number of
Companies 0
Linkages - Number
of Companies 0
Number of
Countries 0
Court data
Protested bills
Drawee name -
Address -
Bill amount -
Bill currency -
Maturity of bill -
Name of drawer -
City of drawer -
NSSO details
Business number 446886423
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
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. 59.07 |
|
|
1 |
Rs. 99.20 |
|
Euro |
1 |
Rs. 80.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
SMT |
|
|
|
|
Report Prepared
by : |
DPT |
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.