|
Report Date : |
22.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ARODIAM MANUFACTURING COMPANY NV |
|
|
|
|
Registered Office : |
Pelikaanstraat 78 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
12.07.1988 |
|
|
|
|
Com. Reg. No.: |
434802993 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Preparation of Diamonds |
|
|
|
|
No. of Employees : |
28 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A1 |
A2 |
|
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 434802993
Company name ARODIAM
MANUFACTURING COMPANY NV
Address PELIKAANSTRAAT 78
2018 ANTWERPEN
Number of staff 28
Date of establishment 12/07/1988
Telephone number 032264044
Fax number 032252793
Company name Arodiam
Manufacturing Company NV
Company Number 434802993
The business was established over 26 years ago.
The business has 20 employees.
The business is part of a group.
This business has a foreign parent business.
The business has been at the address for over 18 years.
Operating Result in the latest trading period decreased 36% on the
previous trading period.
Pre-tax profits decreased by 66% compared to the previous trading
period.
The business saw an increase in their Cash Balance of 56% during the
latest trading period.
|
Date of latest accounts |
Turnover |
Profit Before Tax |
Net worth |
Working capital |
|
31/12/2012 |
185,348,153 |
334,937 |
30,462,029 |
43,133,649 |
|
31/12/2011 |
180,094,183 |
992,782 |
30,720,067 |
42,563,825 |
|
31/12/2010 |
150,294,698 |
478,199 |
28,785,421 |
40,124,371 |
|
Date of latest accounts |
Balance Total |
Number
of Employees |
Capital |
Cash flow |
|
31/12/2012 |
107,983,797 |
28 |
10,566,155 |
564,952 |
|
31/12/2011 |
91,895,709 |
31 |
10,775,276 |
1,253,325 |
|
31/12/2010 |
80,987,997 |
33 |
10,433,712 |
826,427 |
Past payments
Payment expectation days 26.06
Industry average payment expectation days 94.33
Industry average day sales outstanding 116.81
Day sales outstanding 127.33
Bankruptcy details
Court action type No
Date of summons 23/12/2008
Company
information
Business number 434802993
Company name ARODIAM
MANUFACTURING COMPANY NV
Fax number 032252793
Date founded 12/07/1988
Company status active
Company type Public Limited
Liability Company (BE)
Currency Euro (€)
Date of latest accounts 31/12/2012
Activity code 32121
Liable for VAT yes
Activity description Preparation of
diamonds
VAT Number BE.0434.802.993
Check
Belgian Bullettin of Acts
Publications moniteur belge
Social Balance Sheet Total
During the reporting year ended 31-12-2012
Full-time Employees 26
Part-time Employees 7
Total Fte Employees
29
Number of hours worked
Full-time Employees 43,579
Part-time Employees 6,669
Total 50,248
Personnel Charges
Full-time Employees 850,824
Part-time Employees 130,223
Total 981,047
Benefits In Addition To Wages -
During the previous reporting year
Average number employees in Fte 33
Actual working hours 54,176
Personnel Charges 981,047
Benefits In Addition To Wages -
Type of Contract Full-Time
Part-Time Total Fte
Unlimited Duration
Contracts
25 7 29
Limited Duration
Contracts - - -
Contracts For Specific
Work - - -
Contracts Regarding
Substitution - - -
Gender and Education
Level
Men Full-Time
Part-Time Total Fte
Primary education 5 - 5
Secondairy education 18 1 19
Higher education (non
university) - - -
Higher education
(university) - - -
Women Full-Time
Part-Time Total Fte
Primary education - - -
Secondairy education 2 6 5
Higher education (non
university) - - -
Higher education
(university) - - --
Working Category Full-Time
Part-Time Total Fte
Management - - -
White collar worker 5 7 9
Blue collar worker 20 - 20
Other -
- -
New staff and leavers Full-Time
Part-Time Total Fte
New Starters 2 - 2
Leavers 5 - 5
JIC Code 218
Description Additional
national joint committee for the employees
category
JIC Code 324.02
Description JSC small merchandisers
in the diamant industry and trade
category
Event Date 30/12/2011
Event Description re-appointment of
director(s)
Event Details Commentaar
01-01-2012: Herbenoemd als bestuurder vanaf 01/01/2012 tot na de
jaarvergadering
van 2017: Gutfreund Henri (tevens als gedelegeerd bestuurder), Parnas
David, Mal Lionel
Ngoc en de CVOA AMC Belgium.
|
|
|
|
|
|
Industry |
|
|
Annual accounts |
31-12-2012 |
% 31-12-2011 |
% |
31-12-2010 |
average 2012 |
% |
|
Weeks |
52 |
52 |
|
52 |
|
|
|
Currency |
EUR |
EUR |
|
EUR |
|
|
|
Turnover |
185,348,153 2.92
180,094,183 19.83 |
150,294,698 28,627,638 |
547 |
|||
|
Total operating expenses |
183,450,885 3.58
177,112,543 20.39 |
147,121,047 28,381,669 |
546 |
|||
|
Operating result |
1,897,268 |
-36.37
2,981,640 |
-6.05 |
3,173,651 |
77,935 |
2334 |
|
Total
financial income |
83,763 |
-24.67
111,190 |
-8.45 |
121,455 |
90,553 |
-7.50 |
|
Total
financial expenses |
1,646,094 |
-21.62 2,100,048 |
-25.45 2,816,907 |
130,493 |
1161 |
|
|
Results on ordinary operations
before taxation |
334,937 |
-66.26 992,782 |
107 |
478,199 |
27,463 |
1119 |
|
Taxation |
-493 |
-109 5,040 |
9.59 |
-52,566 |
21,398 |
-102 |
|
Results on ordinary
operations after taxation |
335,430 |
-66.04 987,742 |
86.10 |
530,765 |
13,132 |
2454 |
|
Extraordinary items |
2,584 |
-41.55 4,421 |
-44.69 7,993 |
3,183 |
-18.82 |
|
|
Other
appropriations |
1 |
-0 |
-0 |
- |
- |
|
|
Net result |
338,015 |
-65.93 992,163 |
84.16 |
538,758 |
16,321 |
1971 |
|
|
other
information |
|
|
|
|
|
|
Gross
Operating Margin |
- |
-- |
- |
- |
85,390 |
- |
|
Dividends |
- |
-- |
- |
- |
239,722 |
- |
|
Director
remuneration |
199,340 |
49.19 133,619 |
5.70 |
126,416 |
204,292 |
-2.42 |
|
Employee
costs |
981,047 |
-13.50 1,134,191 |
14.28 |
992,433 |
346,370 |
183 |
|
Wages and salary |
776,378 |
-14.45 907,473 |
15.13 |
788,247 |
259,751 |
198 |
|
Employee pension costs |
- |
- - |
- |
- |
1,905 |
- |
|
Social security contributions |
173,795 |
-10.22 193,587 |
12.30 |
172,383 |
98,063 |
77.23 |
|
Other employee costs |
30,875 |
-6.81 33,131 |
4.18 |
31,803 |
7,546 |
309 |
|
Amortization
and depreciation |
226,937 |
-13.10 261,162 |
-9.21 |
287,669 |
31,724 |
615 |
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible fixed
assets |
182 |
- |
334 |
- |
467 |
7,287 |
-97.50 |
|
Tangible
fixed assets |
415,145 |
-39.67 |
688,098 |
-13.50 |
795,459 |
214,380 |
93.65 |
|
Land & building |
- |
- |
- |
- |
- |
453,578 |
- |
|
Plant & machinery |
328,707 |
-27.82 |
455,406 |
-8.63 |
498,436 |
65,636 |
400 |
|
Furniture & Vehicles |
64,400 |
-66.03 |
189,582 |
-19.27 |
234,830 |
20,201 10,383
218 |
|
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
19,808 20,160 |
- |
|
Other tangible assets |
22,038 |
-48.88 |
43,110 |
-30.68 |
62,193 |
14,744 |
49.47 |
|
Financial
fixed assets |
12,816 |
0.77 |
12,718 |
1.60 |
12,518 |
74,192 |
-82.73 |
|
Total fixed
assets |
428,143 |
-38.94 |
701,150 |
-13.27 |
808,444 |
264,379 |
61.94 |
|
Inventories |
41,235,450 |
56.08 |
26,419,680 |
-10.83 |
29,627,720 |
3,965,901 |
939 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
338,110 |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
3,788 |
-100 |
|
Finished goods |
41,235,450 |
56.08 |
26,419,680 |
-10.83 |
29,627,720 |
1,675,797 |
2360 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
1,115,810 |
-100 |
|
Trade
debtors |
64,656,062 |
1.51 |
63,694,417 |
28.80 |
49,451,484 |
2,276,947 |
2739 |
|
Cash |
1,599,593 |
56.36 |
1,023,044 |
1.33 |
1,009,662 |
174,048 |
819 |
|
other
amounts receivable |
33,579 |
15.47 |
29,081 |
29.66 |
22,429 |
80,779 |
-58.43 |
|
Miscellaneous
current assets |
30,970 |
9.29 |
28,337 |
-58.49 |
68,258 |
33,461 |
-7.44 |
|
Total
current assets |
107,555,654 17.94 |
91,194,559 |
13.74 |
80,179,553 |
5,360,449 |
1906 |
|
|
Total Assets |
107,983,797 17.51 |
91,895,709 |
13.47 |
80,987,997 |
5,647,534
480,198 |
1812 |
|
|
|
Current Liabilities |
||||
|
Trade
creditors |
13,098,174 |
18.69 11,035,831
338 |
2,516,091 |
1,985,433 |
559 |
|
Short term group
loans |
- |
- - - |
- |
- |
- |
|
Financial
debts |
50,676,984 |
36.86 37,028,666
-0.05 |
37,046,674 |
4,252,114 117,963 |
1091 |
|
Current portion of long term
debt |
- |
- - - |
- |
135,664 22,008 |
- |
|
Amounts Payable
for Taxes. Remuneration & Social Security |
131,628 |
-1.59 133,750 41.50 |
94,523 |
13,724- |
178 |
|
Miscellaneous
current liabilities |
515,219 |
19.13 432,487 8.69 |
397,894 |
108 |
-- |
|
Total current
liabilities |
64,422,005 |
32.47 48,630,734 21.41 |
40,055,182 |
3,779,000 |
1604 |
|
|
Long
term debts and liabilities |
|
|
|
|
|
Long Term
Group loans |
- |
- - - |
- |
- |
- |
|
Other Long
Term Loans |
13,099,581 |
4.42 12,544,575 3.27 |
12,146,927 |
830 |
-- |
|
Deferred Taxes |
- |
- - - |
- |
4,048 4,048 |
- |
|
Provision for
Liabilities and Charges |
0 |
-
0 -0 |
11,290 0 |
-100 |
|
|
Other Long
term Liabilities |
0 |
0-1
0 |
80,479 |
-100 |
|
|
Total Long Term
Debts |
13,099,581 |
4.42 12,544,574 3.27 |
12,146,927 |
556,887 |
2252 |
|
|
shareholders equity |
|
|
|
|
|
Issued Share
Capital |
10,566,155 |
-1.94 10,775,276 3.27 |
10,433,712 |
634,806 |
1564 |
|
Share
Premium Account |
- |
-- - |
- |
185,110 |
- |
|
Reserves |
19,896,056 |
-0.25 19,945,125 8.68 |
18,352,176 |
603,038 |
3199 |
|
Revolution
Reserve |
- |
-- - |
- |
506,674 |
- |
|
Total
Shareholders Equity |
30,462,211 |
-0.84 30,720,401 6.72 |
28,785,888 |
1,259,834 |
2317 |
|
Working
Capital |
43,133,649 |
1.34 42,563,825 6.08 |
40,124,371 |
1,581,449 |
2627 |
|
Cash Flow |
564,952 |
-54.92 1,253,325
51.66 |
826,427 |
43,388 |
1202 |
|
Net Worth |
30,462,029 |
-0.84
30,720,067 6.72 |
28,785,421 |
1,252,547 |
2332 |
|
Annual
Accounts |
31.12.2012 |
Change (%) |
31.12.2011 |
Change (%) |
31.12.2010 |
Industry
Average 2012 |
% |
|
Profit
Before Tax |
0.18 |
-67.27 |
0.55 |
71.88 |
0.32 |
-4,00 |
4.50 |
|
Return on capital
employed |
0.77 |
-66.38 |
2.29 |
95.73 |
1.17 |
24,00 |
-96.79 |
|
Return on total assets employed |
0.31 |
-71.30 |
1.08 |
83.05 |
0.59 |
-73,00 |
0.42 |
|
Return on
net assets employed |
1.10 |
-65.94 |
3.23 |
94.58 |
1.66 |
41,00 |
-97.32 |
|
Sales / net
working capital |
4.30 |
1.65 |
4.23 |
12.80 |
3.75 |
41,00 |
-99 |
|
Stock
turnover ratio |
22.25 |
51.67 |
14.67 |
-25.57 |
19.71 |
55,00 |
-59.55 |
|
Debtor days |
127.33 |
-1.36 |
129.09 |
7.49 |
120.10 |
116,81 |
9.01 |
|
Creditor
days |
26.06 |
14.60 |
22.74 |
264 |
6.24 |
94,33 |
-72.37 |
|
|
|
short term stability |
|
|
|
||
|
Current
ratio |
1.67 |
-11.17 |
1.88 |
-6.00 |
2 |
269,00 |
67.00 |
|
Liquidity
ratio / acid ratio |
1.03 |
-22.56 |
1.33 |
5.56 |
1.26 |
269,00 |
-99 |
|
Current debt
ratio |
2.11 |
33.54 |
1.58 |
13.67 |
1.39 |
1,00 |
111 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
|
|
long term stability |
|
|
|
|
|
|
Gearing |
209.36 |
29.74 |
161.37 |
-5.57 |
170.89 |
174,00 |
20.32 |
|
Equity in
percentage |
28.21 |
-15.61 |
33.43 |
-5.94 |
35.54 |
-528,00 |
5.34 |
|
Total debt
ratio |
2.54 |
27.64 |
1.99 |
9.94 |
1.81 |
1,00 |
154 |
Activity code 32121
Activity description Preparation of
diamonds
industry average credit
rating 78.30
Industry average credit
Limit 9475.63
Payment expectations
Payment expectation days 26.06
Day sales outstanding 127.33
Industry average payment
expectation days 94.33
Industry average day sales
Outstanding 116.81
Industry quartile analysis
Payment expectations
Company result 26.06
Lower 130.12
Median 71.68
Upper 38.52
Days Sales
Outstanding
Company result 127.33
Lower 108.80
Median 58.97
Upper 20.53
Group - Number of Companies 2
Linkages - Number of Companies 2
Number of Countries 1
|
Company name |
Number |
Latest Financial |
|
ARODIAM
MANUFACTURING COMPANY |
NV434802993 |
31.12.2012 |
|
- AN TE DIAMOND (SHANGHAI ) LTD |
|
|
|
Business
number |
Company name |
|
% |
Date
of accounts |
|
862387507 |
AMC Belgium CVA |
|
- |
31/12/2013 |
|
416817611 |
Arodiam BVBA |
|
7.91 |
31/12/2013 |
No Minority Interests Found
Shareholder Name
Forename David
Middle name -
Surname Parnas
Shareholder Details
Start date 28/04/2003
End date -
Percentage owned 0.39%
Shareholder Address
Street name Sint-Thomasstraat
House number 34
Minor town -
Postal town Antwerpen
Post code 2018
Country Belgium
Shareholder Name
Forename Henri
Middle name -
Surname Gutfreund
Shareholder Details
Start date 28/04/2003
End date -
Percentage owned 35%
Shareholder Address
Street name Albertstraat
House number 38A1
Postal town Antwerpen
Post code 2018
Country Belgium
Shareholder Name
Forename Shimson
Middle name -
Surname Parnas
Shareholder Details
Start date 28/04/2003
End date -
Percentage owned 26.69%
Shareholder Address
Country Israël
Shareholder Name
Forename Eddy
Middle name -
Surname Vleeschdrager
Shareholder Details
Start date 28/04/2003
End date -
Percentage owned 0.87%
Shareholder Name
Forename Lionel
Middle name -
Surname Ngoc
Shareholder Details
Start date 28/04/2003
End date -
Percentage owned 0.34%
|
Name |
Number |
Latest Key
Financials |
Turnover |
|
Arodiam BVBA |
416817611 |
31.12.2013 |
-- |
|
AMC Belgium CVA |
862387507 |
31.12.2013 |
-- |
Legal event type Social Security
Summons
Event date 25/11/2008
Court type Employment Court
Court name Antwerpen
Legal event type Social Security
Summons
Event date 23/12/2008
Court type Employment Court
Court name Antwerpen
Name DAVID PARNAS
Position Managing Director
Start Date 01/04/2014
Street 34
SINT-THOMASSTRAAT ANTWERPEN
Post code 2018
Country Belgium
Position Director
Start Date 25/06/2010
Street 34
SINT-THOMASSTRAAT ANTWERPEN
Post code 2018
Country Belgium
Name PETER DE DEYNE
position Director
Start Date 01/07/2012
Street 43 ACHTERBIST
NIJLEN
Post code 2560
Country Belgium
Name JOSEPH SAMUEL PARNAS
Position Director
Start Date 15/02/2012
Street 8 RUBENSLEI
ANTWERPEN
Post code 2018
Country Belgium
Name AMC BELGIUM CVA
Position Director
Start Date 25/06/2010
Date of birth 23/12/2003
Street 78 PELIKAANSTRAAT
ANTWERPEN
Post code 2018
Country Belgium
Name LIONEL NGOC MAI
Position Director
Start Date 12/12/2003
Date of birth 25/05/1959
Street 27 EGLANTIERLAAN
ANTWERPEN
Post code 2020
Country Belgium
Name JOSEPH PARNAS Show
all 2 [+]
Position Director
Start Date 15/02/2012
Position Legal
Representative
Start Date 01/04/2014
Former director details
Name HENRI GUTFREUND
Position Managing Director
Start Date 28/11/2008
End Date 01/04/2014
Street 38 ALBERTSTRAAT
ANTWERPEN
Post code 2018
Country Belgium
Position Director
Start Date 12/12/2003
End Date 01/04/2014
Street 38 ALBERTSTRAAT
ANTWERPEN
Post code 2018
Country Belgium
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.60.81 |
|
|
1 |
Rs.100.06 |
|
Euro |
1 |
Rs.78.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.