|
Report Date : |
29.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROSY BLUE NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 53, 2018
Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
15.10.1973 |
|
|
|
|
Com. Reg. No.: |
413178230 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Wholesale of watches and jewellery |
|
|
|
|
No. of Employees : |
22 |
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 |
|
Maximum Credit Limit : |
|
|
Status : |
Moderate / Satisfactory |
|
Payment Behaviour : |
Unknown / Slow but correct / 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) |
|
Belgium |
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 |
413178230 |
|
Company name |
ROSY BLUE
NV |
|
Address |
HOVENIERSSTRAAT
53 |
|
|
2018
ANTWERPEN |
|
Number of staff |
22 |
|
Date of establishment |
15/1 0/1
973 |
|
Telephone number |
032061600 |
|
Fax number |
032061601 |
The business was established over 40 years ago.
The business has 20 employees.
The business is part of a group.
The business has been at the address for over 17 years.
Operating Result in the latest trading period decreased 26%
on the previous trading period.
A 32% decline in Total Assets occurred during the latest
trading period.
Pre-tax profits decreased by 83% compared to the previous
trading period
Accounts
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2013 |
1,370,441,415 |
839,937 |
21,964,975 |
115,312,637 |
|
31/12/2012 |
1,394,587,107 |
4,966,125 |
22,005,643 |
123,952,107 |
|
31/12/2011 |
1,625,598,969 |
-3,775,408 |
21,416,659 |
138,490,079 |
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
212,548,496 |
22 |
21,220,034 |
1,630,555 |
|
31/12/2012 |
313,467,615 |
22 |
22,179,925 |
1,548,862 |
|
31/12/2011 |
302,422,069 |
26 |
22,618,900 |
1,092,749 |
Past payments Payment
expectation days 6.21
Industry average payment
expectation days 276.19
Industry average day sales outstanding 339.67
Day sales outstanding 1 7.32
Business number 413178230
Company name ROSY
BLUE NV
Fax number 032061601
Date founded 15/10/1973
Company status active
Company type Public
Limited Liability Company (BE)
Currency Euro
(€)
Date of latest accounts 31/12/2013
Activity code 46480
Liable for VAT yes
Activity description Wholesale
of watches and jewellery
VAT Number BE.0413.178.230
VAT number
Belgian Bullettin of Acts
Publications moniteur
belge
Social Balance Sheet Total
During the reporting year
ended 31-12-2013
Full-time Employees 20
Part-time Employees 3
Total Fte Employees 22
Number of hours worked
Full-time Employees 34,339
Part-time Employees 4,048
Total 38,388
Personnel Charges
Full-time Employees 964,333
Part-time Employees 222,538
Total 1,186,871
Benefits In Addition To Wages -
During the previous reporting year
Average number employees in Fte 24
Actual working hours 40,030
Personnel Charges 1,161,063
Benefits In Addition To Wages –
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration Contracts |
20 |
3 |
22 |
|
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 |
12 |
- |
12 |
||
|
Higher education
(non university) |
- |
- |
- |
||
|
Higher
education (university) |
- |
1 |
1 |
||
|
Women |
Full-Time |
Part-Time |
Total Fte |
||
|
Primary education |
- |
- |
- |
||
|
Secondairy education |
7 |
1 |
8 |
||
|
Higher
education (non university) |
1 |
1 |
2 |
||
|
Higher
education (university) |
- |
- |
- |
||
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
- |
- |
- |
||
|
White collar worker |
17 |
3 |
19 |
||
|
Blue collar worker |
3 |
- |
3 |
||
|
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 |
- |
1 |
1 |
||
|
Leavers |
- |
1 |
1 |
||
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
Total of
formal continuing vocational training initiatives for workers paid by the
employer |
Male |
Female |
|
|
|
Numberof employees |
- |
2 |
|||
|
Numberof training hours |
- |
47 |
|||
|
Net costs for enterprise |
- |
1,170 |
|||
|
Total of
less formal and informal continuing vocational training initiatives for
workers paid by the employer |
Male |
Female |
|||
|
Numberof employees |
- |
- |
|||
|
Numberof training hours |
- |
- |
|||
|
Net costs for enterprise |
- |
- |
|||
|
Total of
initial training initiatives at the expense of the employer |
Male |
Female |
|||
|
Numberof employees |
- |
- |
|||
|
Numberof training hours |
- |
- |
|||
|
Net costs for enterprise |
- |
- |
|||
|
|
|
|
|
||
Event Date 26/08/2014
Event Description
Event Details Neerlegging van het schriftelijk
besluit van de aandeelhouders overeenkomstig artikel 556
van het wetboek van vennootschappen.
Profit & loss
|
Annual
accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
Industry average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
1,370,441,415 |
-1.73 |
1,394,587,107 |
-14.21 |
1,625,598,969 |
37,605,712 |
3544 |
|
Total
operating expenses |
1,357,277,773 |
-1.41 |
1,376,636,312 |
-14.81 |
1,615,924,691 |
37,529,249 |
3516 |
|
Operating
result |
13,163,642 |
-26.67 |
17,950,795 |
85.55 |
9,674,278 |
20,758 |
63314 |
|
Total
financial income |
542,814 |
-20.66 |
684,156 |
-70.10 |
2,288,167 |
65,836 |
724 |
|
Total
financial expenses |
12,866,520 |
-5.87 |
13,668,826 |
-13.15 |
15,737,852 |
130,544 |
9756 |
|
Results on
ordinary operations before taxation |
839,937 |
-83.09 |
4,966,125 |
131 |
-3,775,408 |
-51,528 |
1630 |
|
Taxation |
159,381 |
-41.67 |
273,260 |
- |
- |
76,814 |
107 |
|
Results on ordinary operations after taxation |
680,556 |
-85.50 |
4,692,865 |
124 |
-3,775,408 |
-105,501 |
645 |
|
Extraordinary
items |
317,414 |
8.53 |
-3,719,392 |
-189 |
4,136,643 |
141,113 |
124 |
|
Other
appropriations |
1 |
- |
0 |
- |
0 |
- |
- |
|
Net result |
997,971 |
2.52 |
973,473 |
169 |
361,235 |
35,652 |
2699 |
|
OTHER INFORMATION |
|
|
|
|
|
|
|
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
55,311 |
- |
|
Dividends |
- |
- |
- |
- |
- |
198,417 |
- |
|
Director
remuneration |
- |
- |
- |
- |
- |
118,208 |
- |
|
Employee
costs |
1,186,871 |
-2.20 |
1,21 3,584 |
-9.95 |
1,347,695 |
198,400 |
498 |
|
Wages and salary |
853,501 |
-3.95 |
888,621 |
-9.56 |
982,514 |
152,298 |
460 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
755 |
- |
|
Social security
contributions |
263,438 |
-3.72 |
273,605 |
-12.40 |
312,324 |
40,499 |
550 |
|
Other employee costs |
69,933 |
36.17 |
51,358 |
-2.84 |
52,857 |
6,378 |
996 |
|
Amortization
and depreciation |
632,584 |
9.94 |
575,389 |
-21.34 |
731,514 |
21,163 |
2889 |
Balance sheet
|
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 |
146,641 |
- |
63,081 |
- |
96,099 |
3,685 |
3879 |
|
Tangible
fixed assets |
5,01 8,646 |
-10.20 |
5,588,930 |
-6.10 |
5,951,777 |
1 82,257 |
2653 |
|
Land & building |
1,686,471 |
-3.86 |
1,754,247 |
-1.94 |
1,788,966 |
353,541 |
377 |
|
Plant & machinery |
649,546 |
-26.33 |
881,692 |
136 |
373,437 |
20,186 |
3117 |
|
Furniture & Vehicles |
276,545 |
254 |
77,997 |
-84.09 |
490,280 |
19,957
7,387 |
1285 |
|
Leasing
& Other Similar Rights |
2,265,836 |
-16.95 |
2,728,404 |
-13.37 |
3,149,602 |
227,967 30,853 |
893 |
|
Other tangible assets |
140,248 |
-4.33 |
146,590 |
-1.94 |
149,492 |
6,776 |
1969 |
|
Financial
fixed assets |
1 97,566 |
-45.79 |
364,465 |
-7.11 |
392,368 |
427,144 |
-53.75 |
|
Total
fixed assets |
5,362,853 |
-10.86 |
6,016,476 |
-6.58 |
6,440,244 |
423,292 |
1166 |
|
Inventories |
- |
- |
- |
- |
- |
1,31 0,443 |
- |
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
4,786,740 |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
61 |
-100 |
|
Finished goods |
0 |
- |
0 |
- |
0 |
656,083 |
-100 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
303,276 |
-100 |
|
Trade
debtors |
65,033,742 |
-45.62 |
11
9,581,235 |
86.88 |
63,987,998 |
1,880,648 |
3358 |
|
Cash |
12,195,740 |
-20.67 |
1
5,374,351 |
-37.88 |
24,751,036 |
144,648 |
8331 |
|
other
amounts receivable |
114,892,919 |
-26.86 |
1
57,090,583 |
-16.25 |
187,575,078 |
310,779 |
36869 |
|
Miscellaneous
current assets |
1
5,063,242 |
-2.22 |
1
5,404,970 |
-21.67 |
19,667,713 |
56,291 |
26659 |
|
Total
current assets |
207,185,643 |
-32.61 |
307,451,139 |
3.88 |
295,981,825 |
3,389,180 |
6013 |
|
Total
Assets |
212,548,496 |
-32.19 |
313,467,615 |
3.65 |
302,422,069 |
3,747,207 298,286 |
5572 |
Current Liabilities
|
Trade
creditors |
23,078,356 |
-58.78 |
55,983,468 |
88.00 |
29,778,739 |
989,908 |
2231 |
|
Short term
group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
64,587,318 |
-47.15 |
122,197,334 |
0.42 |
121,690,309 |
2,741,149 25,398 |
2256 |
|
Current portion of long term debt |
828,358 |
68.15 |
492,629 |
-0.24 |
493,805 |
156,486 17,188 |
429 |
|
Amounts Payable for Taxes, Remuneration & Social
Security |
157,329 |
-58.18 |
376,185 |
187 |
130,694 |
8,801 - |
73.24 |
|
Miscellaneous
current liabilities |
3,221,645 |
-27.59 |
4,449,416 |
-17.58 |
5,398,199 |
1143 |
- - |
|
Total
current liabilities |
91,873,006 |
-49.93 |
183,499,032 |
16.51 |
157,491,746 |
2,271,845 |
3943 |
|
LONG TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
|
|
Long term
group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long
term loans |
93,826,388 |
-8.37 |
102,400,528 |
-11.19 |
115,297,759 |
4953 |
- - |
|
Deffered
taxes |
- |
- |
- |
- |
- |
30,41 5
14,870 |
- |
|
Provisions for Liabilities & Charges |
4,737,486 |
-13.85 |
5,499,331 |
-32.27 |
8,119,806 |
19,982 0 |
23608 |
|
Other long
term liabilities |
0 |
- |
0 |
- |
0 |
26,518 |
-100 |
|
Total long
term debts |
98,563,874 |
-8.65 |
107,899,859 |
-12.57 |
123,417,565 |
701,671 |
13947 |
|
SHAREHOLDERS EQUITY |
|
|
|
|
|
|
|
|
Issued
share capital |
21,220,034 |
-4.33 |
22,179,925 |
-1.94 |
22,618,900 |
487,645 |
4251 |
|
Share
premium account |
- |
- |
- |
- |
- |
338,411 |
- |
|
Reserves |
891,582 |
801 |
-111,201 |
10.05 |
-1,106,142 |
272,686 |
226 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
366,818 |
- |
|
Total
shareholders equity |
22,111,616 |
0.19 |
22,068,724 |
2.58 |
21,512,758 |
773,691 |
2757 |
|
Working
capital |
115,312,637 |
-6.97 |
123,952,107 |
-10.50 |
138,490,079 |
1,117,335 |
10220 |
|
Cashflow |
1,630,555 |
5.27 |
1,548,862 |
41.74 |
1,092,749 |
52,387 |
3012 |
|
Net worth |
21,964,975 |
-0.18 |
22,005,643 |
2.75 |
21,416,659 |
770,006 |
2752 |
|
Annual
accounts |
31-12-2013 |
change(%) |
31-12-2012 |
change(%) |
31-12-2011 |
Industry average 2013 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.06 |
-83.33 |
0.36 |
156 |
-0.23 |
-14,00 |
0.43 |
|
Return on
capital employed |
0.70 |
-81.68 |
3.82 |
146 |
-2.60 |
423,00 |
-99 |
|
Return on
total assets employed |
0.40 |
-74.68 |
1.58 |
126 |
-1.25 |
-1,00 |
40.00 |
|
Return on
net assets employed |
3.80 |
-83.11 |
22.50 |
128 |
-17.55 |
411,00 |
-99 |
|
Sales /
net working capital |
11.88 |
5.60 |
11.25 |
-4.17 |
11.74 |
-54,00 |
-99 |
|
Stock
turnover ratio |
- |
- |
- |
- |
- |
54,00 |
- |
|
Debtor
days |
17.32 |
-44.66 |
31.30 |
117 |
14.37 |
339,67 |
-94.90 |
|
Creditor
days SHORT TERM STABILITY |
6.21 |
-58.15 |
14.84 |
120 |
6.73 |
276,19 |
-97.75 |
|
Current
ratio |
2.26 |
34.52 |
1.68 |
-10.64 |
1.88 |
17,00 |
-97.83 |
|
Liquidity
ratio / acid ratio |
2.26 |
34.52 |
1.68 |
-10.64 |
1.88 |
15,00 |
-84.93 |
|
Current
debt ratio |
4.15 |
-50.06 |
8.31 |
13.52 |
7.32 |
104,00 |
-96.01 |
|
Liquidity ratio
reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
720.17 |
-29.39 |
1019.95 |
-7.61 |
1103.91 |
70,00 |
928 |
|
Equity in
percentage |
10.41 |
47.87 |
7.04 |
-1.12 |
7.12 |
-269,00 |
3.87 |
|
Total debt
ratio |
8.61 |
-34.77 |
13.20 |
1.07 |
13.06 |
104,00 |
-91.72 |
Activity code 46480
Activity description
Wholesale
of watches and jewellery
industry average credit rating 61.07
Suspension of payments / moratorium history
Amount -
Details -
Payment expectations
Payment expectation days 6.21
Day sales outstanding 17.32
Industry comparison
Activity code 46480
Activity description Wholesale
of watches and jewellery
Industry average payment expectation days 276.19
Industry average day sales
outstanding
339.67
Payment expectations
Company result 6.21
Lower 127.87
Median 63.03
Upper 18.49
Company result 17.32
Lower 129.83
Median 55.41
Upper 23.16
Summary
Group - Number of Companies 2
Company name Number
Latest financials
- ROSY BLUE ENTERPRISES S.A. B96232 31-12-2012
- - ROSY BLUE NV 413178230
31-12-2013
Current director details
Name AMIT BHANUCHANDRA BHANSALI
Position Managing Director
Start Date 01/01/2009
Date of birth 09/12/1962
Street 11 BERKENLAAN ANTWERPEN
Post code 2610
Country Belgium
Position Director
Start Date 09/06/2010
Date of birth 09/12/1962
Street 11 BERKENLAAN ANTWERPEN
Post code 2610
Country Belgium
Name RAJKUMAR MEHTA
Position Director
Start Date 10/07/2013
Date of birth 21/01/1971
Street 15 AHORNENLAAN ANTWERPEN
Post code 2610
Country Belgium
Name RAJESH MEHTA
Position Director
Start Date 09/06/2010
Street
Post code
Country
Former director details
Name DILIP (DILIPKUMAR) RAMNIKLAL MEHTA
Position Managing Director
Start Date 09/06/2010
End Date 01/01/2012
Date of birth 13/11/1949
Street 50 KASTEELLEI BRASSCHAAT
Post code 2930
Country Belgium
Position Director
Start Date 09/06/2010
End Date 01/01/2012
Date of birth 13/11/1949
Street 50 KASTEELLEI BRASSCHAAT
Post code 2930
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.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.