|
Report Date : |
02.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
BARSAMIAN DIAMONDS NV |
|
|
|
|
Registered Office : |
Pelikaanstraat 62 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01/02/1961 |
|
|
|
|
Com. Reg. No.: |
404932537 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
|
|
|
|
No. of Employees : |
11 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
404932537 |
|
Company name |
BARSAMIAN DIAMONDS NV |
|
Address |
PELIKAANSTRAAT
62 |
|
|
2018
ANTWERPEN |
|
Number of staff |
11 |
|
Date of establishment |
01/02/1961 |
|
Telephone number |
033452324 |
|
Fax number |
032342668 |
The business was established over 50 years ago.
The business has 11 employees.
The business has been at the address for over 31 years.
Operating Result in the latest trading period increased 53% on the previous trading period.
DATE OF LATEST ACCOUNTS TURNOVER PROFIT BEFORE TAX NET WORTH WORKING CAPITAL
31/12/2013 65,431,748 172,606 11,972,029 11,656,625
31/12/2012 72,257,777 -5,060 11,848,536 11,533,654
31/12/2011 74,862,062 335,020 11,841,575 11,529,046
DATE OF LATEST ACCOUNTS BALANCE TOTAL NUMBER OF EMPLOYEES CAPITAL CASHFLOW
31/12/2013 38,716,753 11 11,000,000 207,993
31/12/2012 39,200,910 12 11,000,000 95,875
31/12/2011 37,954,661 14 11,000,000 248,341
Payment
expectations
|
||||
|
Past
payments |
|
Payment expectation days |
73.58 |
|
|
Industry average payment expectation days |
125.36 |
Industry
average day sales outstanding |
143.67 |
|
|
Day sales
outstanding |
86.35 |
|
|
|
Business number 404932537
Company name BARSAMIAN DIAMONDS
NV
Fax number 032342668
Date founded 01/02/1961
Company status active
Company type Public Limited
Liability Company (BE)
Currency Euro (€)
Date of latest accounts 31/12/2013
Activity description Wholesale of
diamonds and other precious stones
VATNumber BE.0404.932.537
Check
|
* Social
Balance Sheet |
Total |
|
|
|
During the
reporting year ended 31-12-2013 |
|||
|
Full-time
Employees |
11 |
|
|
|
Part-time
Employees |
1 |
|
|
|
Total Fte
Employees |
11 |
|
|
|
|
|||
|
Number of hours
worked |
|||
|
Full-time
Employees |
19,459 |
|
|
|
Part-time
Employees |
600 |
|
|
|
Total |
20,059 |
|
|
|
|
|||
|
Personnel
Charges |
|||
|
Full-time
Employees |
491,533 |
|
|
|
Part-time
Employees |
15,156 |
|
|
|
Total |
506,689 |
|
|
|
Benefits In
Addition To Wages |
- |
|
|
|
|
|||
|
During the
previous reporting year |
|||
|
Average
number employees in Fte |
13 |
|
|
|
Actual
working hours |
21,434 |
|
|
|
Personnel
Charges |
543,797 |
|
|
|
Benefits In
Addition To Wages - |
|||
|
|
|||
|
|
|||
|
Type of
Contract Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited Duration 11 Contracts |
1 |
11 |
|
|
Limited
Duration Contracts - |
- |
- |
|
|
Contracts
For Specific - - -Work |
|||
|
Contracts Regarding
-Substitution |
- |
- |
|
|
|
|
|
|
|
Social Balance Sheet |
Total |
|
|
|
During the
reporting year ended 31-12-2013 |
|||
|
Full-time
Employees |
11 |
|
|
|
Part-time
Employees |
1 |
|
|
|
Total Fte
Employees |
11 |
|
|
|
|
|||
|
Number of
hours worked |
|||
|
Full-time
Employees |
19,459 |
|
|
|
Part-time
Employees |
600 |
|
|
|
Total |
20,059 |
|
|
|
|
|||
|
Personnel
Charges |
|||
|
Full-time
Employees |
491,533 |
|
|
|
Part-time
Employees |
15,156 |
|
|
|
Total |
506,689 |
|
|
|
Benefits In
Addition To Wages |
- |
|
|
|
|
|||
|
During the
previous reporting year |
|||
|
Average
number employees in Fte |
13 |
|
|
|
Actual
working hours |
21,434 |
|
|
|
Personnel
Charges |
543,797 |
|
|
|
Benefits In
Addition To Wages - |
|||
|
|
|||
|
|
|||
|
Type of
Contract Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited Duration 11 Contracts |
1 |
11 |
|
|
Limited
Duration Contracts - |
- |
- |
|
|
Contracts
For Specific - - -Work |
|||
|
Contracts
Regarding -Substitution |
- |
- |
|
|
JIC Code |
218 |
|
Description |
Additional
national joint committee for the employees |
|
category |
|
|
JIC Code |
324 |
|
Description |
Joint
committee for the industry and the trade in diamant |
|
category |
|
|
Event Date |
28/05/2008 |
|
Event Description |
re-appointment
of director(s) |
|
Event Details |
Commentaar 28-05-2008: Herbenoeming van de volgende
bestuurders voor een periode van 6 jaar Philippe Barsamian (tevens
gedelegeerd bestuurder), Marco Croze en Christian Vrouyr. |
|
Event Date |
28/07/2010 |
|
Event Details |
De aandelen
van de vennootschap, die voordien aan toonder waren, worden omgezet in
aandelen op naam. |
|
Company accounts |
|
|
Annual accounts |
31-12-2013 |
|
31-12-2012 |
% |
31-12-2011 |
Industry average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
65,431,748 |
-9.45 |
72,257,777 |
-3.48 |
74,862,062 |
61,431,217 |
6.51 |
|
Total operating expenses |
64,662,377 |
-9.89 |
71,757,449 |
-3.07 |
74,028,937 |
60,869,062 |
6.23 |
|
Operating result |
769,371 |
53.77 |
500,328 |
-39.95 |
833,125 |
176,440 |
336 |
|
Total financial income |
98,992 |
0.99 |
98,020 |
30.12 |
75,330 |
62,358 |
58.75 |
|
Total financial expenses |
695,757 |
15.30 |
603,408 |
5.23 |
573,434 |
186,452 |
273 |
|
Results on ordinary operations before taxation |
172,606 |
3411 |
-5,060 |
-101 |
335,020 |
53,574 |
222 |
|
Taxation |
49,113 |
87.56 |
-56,090 |
-134 |
164,969 |
23,512 |
108 |
|
Results on ordinary operations after taxation |
123,493 |
141 |
51,030 |
-69.99 |
170,051 |
36,582 |
237 |
|
Extraordinary items |
0 |
0 |
-44,069 |
-219 |
-13,788 |
7,195 |
-100 |
|
Other appropriations |
0.00 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net result |
123,493 |
1674 |
6,961 |
-95.55 |
156,264 |
43,936 |
181 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
36,147 |
- |
|
Dividends |
- |
- |
- |
- |
- |
221,730 |
- |
|
Director remuneration |
220,271 |
58.17 |
139,262 |
10.30 |
126,256 |
128,969 |
70.79 |
|
Employee costs |
506,689 |
-6.82 |
543,797 |
-1.30 |
550,983 |
147,787 |
242 |
|
Wages and
salary |
395,060 |
-7.10 |
425,233 |
-2.30 |
435,246 |
115,593 |
241 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
1,459 |
- |
|
Social
security contributions |
95,196 |
-11.40 |
107,449 |
5.36 |
101,986 |
28,801 |
230 |
|
Other
employee costs |
16,433 |
47.84 |
11,115 |
-19.17 |
13,752 |
2,721 |
503 |
|
Amortization and depreciation |
84,501 |
-4.96 |
88,914 |
-3.44 |
92,077 |
17,621 |
379 |
|
Annual
accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
Industry
average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
1,524 |
-100 |
|
Tangible
fixed assets |
332,953 |
-16.19 |
397,253 |
-16.21 |
474,078 |
196,728 |
69.25 |
|
Land & building |
- |
- |
- |
- |
- |
392,235 |
- |
|
Plant & machinery |
26,777 |
19.10 |
22,482 |
28.24 |
17,531 |
28,340 |
-5.51 |
|
Furniture & Vehicles |
113,360 |
-20.23 |
142,100 |
31.28 |
108,242 |
15,321
4,196 |
639 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
77,050 |
41,563
20,725 - |
|
|
Other tangible assets |
192,816 |
-17.13 |
232,670 |
-14.22 |
271,254 |
9,006 |
2040 |
|
Financial
fixed assets |
16,181 |
0 |
16,181 |
5.20 |
15,381 |
245,756 |
-93.42 |
|
Total fixed
assets |
349,134 |
-15.55 |
413,434 |
-15.53 |
489,459 |
353,085 |
-1.12 |
|
Inventories |
22,556,269 |
22.23 |
18,454,259 |
29.85 |
14,211,763 |
3,143,201 |
617 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
7,018,384 - |
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
1,386 |
-100 |
|
Finished goods |
22,556,269 |
22.23 |
18,454,259 |
29.85 |
14,211,763 |
2,109,524 |
969 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
445,102 |
-100 |
|
Trade
debtors |
15,480,119 |
-22.27 |
19,916,366 |
-13.07 |
22,909,892 |
4,217,723 |
267 |
|
Cash |
309,251 |
-14.30 |
360,869 |
5.45 |
342,220 |
563,374,375 |
-99 |
|
other
amounts receivable |
6,780 |
-87.67 |
55,000 |
- |
0 |
212,395 |
-96.81 |
|
Miscellaneous
current assets |
15,200 |
1449 |
981 |
-26.04 |
1,327 |
-554,254,084 |
0.00 |
|
Total
current assets |
38,367,619 |
-1.08 |
38,787,476 |
3.53 |
37,465,202 |
7,268,838 |
427 |
|
Total
Assets |
38,716,753 |
-1.24 |
39,200,910 |
3.28 |
37,954,661 |
7,582,241 1,199,700 |
410 |
|
CURRENT LIABILITIES |
||||||||
|
|
Trade
creditors |
13,035,090 |
-11.58 |
14,742,165 |
-0.29 |
14,785,576 |
2,994,881 |
335 |
|
Short term group loans - - - - - - - |
||||||||
|
|
Financial
debts |
13,315,509 |
11.00 |
11,996,225 |
12.43 |
10,669,499 |
4,593,055 122,063 |
189 |
|
|
Current
portion of long term debt |
64,822 |
5.48 |
61,456 |
-21.59 |
78,376 |
83,922
13,806 |
-22.76 |
|
|
Amounts Payable for Taxes, Remuneration
& Social Security |
103,866 |
0.66 |
103,182 |
-40.45 |
173,271 |
7,922 - |
248 |
|
|
Miscellaneous
current liabilities |
191,706 |
-45.35 |
350,794 |
52.90 |
229,433 |
-17.50 |
-- |
|
|
Total
current liabilities |
26,710,994 |
-1.99 |
27,253,822 |
5.08 |
25,936,156 |
5,210,818 |
412 |
|
LONG TERM
DEBTS AND LIABILITIES |
||||||||
|
|
Long term
group loans |
- |
- |
- |
- |
- |
- |
-- |
|
|
Other long
term loans |
33,730 |
-65.77 |
98,552 |
-44.30 |
176,930 |
-96.98 |
-- |
|
|
Deffered
taxes |
- |
- |
- |
- |
- |
58,297
69,470 |
- |
|
|
Provisions for Liabilities &
Charges |
0 |
- |
0 |
- |
0 |
5,247 0 |
-100 |
|
|
Other long
term liabilities |
0 |
- |
0 |
- |
0 |
244,443 |
-100 |
|
|
Total long
term debts |
33,730 |
-65.77 |
98,552 |
-44.30 |
176,930 |
665,421 |
-94.93 |
|
|
SHAREHOLDERS EQUITY |
|
|
|
|
|
|
|
|
|
Issued
share capital |
11,000,000 |
0 |
11,000,000 |
0 |
11,000,000 |
1,025,880 |
972 |
|
|
Share
premium account |
- |
- |
- |
- |
- |
86,926 |
- |
|
|
Reserves |
972,029 |
14.55 |
848,536 |
0.83 |
841,575 |
647,046 |
50.23 |
|
|
Revaluation
reserve |
- |
- |
- |
- |
- |
907,399 |
- |
|
|
Total
shareholders equity |
11,972,029 |
1.04 |
11,848,536 |
0.06 |
11,841,575 |
1,696,038 |
605 |
|
|
Working
capital |
11,656,625 |
1.07 |
11,533,654 |
0.04 |
11,529,046 |
2,058,019 |
466 |
|
|
Cashflow |
207,993 |
116 |
95,875 |
-61.39 |
248,341 |
58,315 |
256 |
|
|
Net worth |
11,972,029 |
1.04 |
11,848,536 |
0.06 |
11,841,575 |
1,694,514 |
606 |
|
ratio analysis |
||||||||
|
|
Annual
accounts |
31-12-2013 |
change(%) |
31-12-2012 |
change(%) |
31-12-2011 |
Industry average 2013 |
% |
|
TRADING
PERFORMANCE |
||||||||
|
|
||||||||
|
|
Profit
Before Tax |
0.26 |
2600 |
-0.01 |
-102 |
0.45 |
-8,00 |
3.25 |
|
|
Return on
capital employed |
1.44 |
3600 |
-0.04 |
-101 |
2.79 |
-14,00 |
10.29 |
|
|
Return on
total assets employed |
0.45 |
4500 |
-0.01 |
-101 |
0.88 |
-5,00 |
9.00 |
|
|
Return on
net assets employed |
1.44 |
3600 |
-0.04 |
-101 |
2.83 |
-15,00 |
9.60 |
|
|
Sales / net
working capital |
5.61 |
-10.38 |
6.26 |
-3.54 |
6.49 |
167,00 |
-99 |
|
|
Stock
turnover ratio |
34.47 |
34.96 |
25.54 |
34.56 |
18.98 |
50,00 |
-31.06 |
|
|
Debtor days |
86.35 |
-14.17 |
100.60 |
-9.94 |
111.70 |
143,67 |
-39.90 |
|
|
Creditor
days |
73.58 |
-1.88 |
74.99 |
2.87 |
72.90 |
125,36 |
-41.31 |
|
SHORT TERM
STABILITY |
||||||||
|
|
Current
ratio |
1.44 |
1.41 |
1.42 |
-1.39 |
1.44 |
4,00 |
-90.40 |
|
|
Liquidity
ratio / acid ratio |
0.59 |
-21.33 |
0.75 |
-16.67 |
0.90 |
3,00 |
-80.33 |
|
|
Current
debt ratio |
2.23 |
-3.04 |
2.30 |
5.02 |
2.19 |
15,00 |
-85.13 |
|
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM
STABILITY |
||||||||
|
|
Gearing |
112.05 |
9.21 |
102.60 |
11.21 |
92.26 |
251,00 |
-55.36 |
|
|
Equity in
percentage |
30.92 |
2.28 |
30.23 |
-3. 11 |
31.20 |
-256,00 |
12.08 |
|
|
Total debt
ratio |
2.23 |
-3.46 |
2.31 |
4.52 |
2.21 |
16,00 |
-86.06 |
Industry
comparison
|
|
|
Activity
code |
46761 |
|
Activity
description |
Wholesale of diamonds and other
precious stones |
Industry comparison
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
Payment expectations
Company result 73.58
Lower 125.63
Median 77.57
Upper 48.73
Company result 86.35
Lower 105.23
Median 54.34
Upper 25.06
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Summons
there is no data for this company
Protested Bills
there is no data for this company
Bankruptcy and other legal events
there is no data for
this company
|
Current director details |
||
|
Name |
PHILIPPE
HRAND CARLO BARSAMIAN |
|
|
Position |
Chairman of
the Board |
|
|
Start Date |
20 12 2002 |
|
|
Date of birth |
14/05/1952 |
|
|
Street |
42 RUE DES
TEMPLIERS WAVER |
|
|
Post code |
1301 |
|
|
Country |
Belgium |
|
|
|
||
|
Position |
Managing
Director |
|
|
Start Date |
28/05/2008 |
|
|
Date of birth |
14/05/1952 |
|
|
Street |
42 RUE DES
TEMPLIERS WAVER |
|
|
Post code |
1301 |
|
|
Country |
Belgium |
|
|
|
||
|
Position |
Director |
|
|
Start Date |
13/01/2003 |
|
|
Date of birth |
14/05/1952 |
|
|
Street |
42 RUE DES
TEMPLIERS WAVER |
|
|
Post code |
1301 |
|
|
Country |
Belgium |
|
|
|
||
|
Name |
CENJAL
HOLDING BELGIUM NV |
|
|
Position |
Legal
Representative |
|
|
Start Date |
28/05/2008 |
|
|
Date of birth |
25/02/2002 |
|
|
Street |
62
PELIKAANSTRAAT ANTWERPEN |
|
|
Post code |
2018 |
|
|
Country |
Belgium |
|
|
Name |
CENJAL
HOLDING BELGIUM NV |
|
|
Position |
Director |
|
|
Start Date |
28/05/2008 |
|
|
End Date |
28/05/2014 |
|
|
Date of birth |
25/02/2002 |
|
|
Street |
62
PELIKAANSTRAAT ANTWERPEN |
|
|
Post code |
2018 |
|
|
Country |
Belgium |
|
|
|
||
|
Name |
NICOLAS
VAHRAM BARSAMIAN |
|
|
Position |
Director |
|
|
Start Date |
01/10/2012 |
|
|
End Date |
28/05/2014 |
|
|
Street |
38
DUPONTSTRAAT BRUSSEL |
|
|
Post code |
1200 |
|
|
Country |
Belgium |
|
|
|
||
|
Name |
ALEXANDRE
PATRICK BARSAMIAN |
|
|
Position |
Director |
|
|
Start Date |
01/10/2012 |
|
|
End Date |
28/05/2014 |
|
|
Street |
68 RUE
D'ANGOUSSART WAVER |
|
|
Post code |
1301 |
|
|
Country |
Belgium |
|
|
|
||
|
Name |
CHRISTIAN
VROUYR |
|
|
Position |
Director |
|
|
Start Date |
28/07/2008 |
|
|
End Date |
22/05/2013 |
|
|
Date of birth |
10/04/1950 |
|
|
Street |
4
KOMEDIEPLAATS ANTWERPEN |
|
|
Post code |
2000 |
|
|
Country |
Belgium |
|
|
|
||
|
Name |
MARCO CROZE |
|
|
Position |
Director |
|
Start Date |
28/07/2008 |
|
End Date |
22/05/2013 |
|
Street |
82 VIA DELLA DRONA,30011 ALBERONI , |
|
Post code |
30175 |
|
Country |
Italy |
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.61.75 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.