|
Report No. : |
337858 |
|
Report Date : |
22.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAMDIMON BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
05.02.1986 |
|
|
|
|
Com. Reg. No.: |
428516306 |
|
|
|
|
Legal Form : |
Private Limited Company (BL/LX) |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones. |
|
|
|
|
No. of Employee : |
6 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Belgium |
A2 |
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 shifts in foreign demand, particularly in Belgium’s EU trade partners. Roughly three-quarters of Belgium's trade is with other EU countries. In 2014 Belgian GDP grew by 0.9%, the unemployment rate stabilized at 8.5%, and the the budget deficit was 3.2% of GDP. Prime Minister Charles MICHEL’s center-right government has pledged to further reduce the deficit in response to EU pressure to reduce Belgium’s high public debt, which remains above 100% of GDP, but such efforts could also dampen economic growth. In addition to restrained public spending, low wage growth and high unemployment promise to curtail a more robust recovery in private consumption. The government has pledged to pursue an reform program to improve Belgium’s competitiveness, including changes to tax policy, labor market rules, and welfare benefits. These changes risk worsening tensions with trade unions and triggering extended strikes.
|
Source
: CIA |
Business
number 428516306
Branche
Unit Number 2029179028
Company
name SAMDIMON BVBA
Address
HOVENIERSSTRAAT 30
2018 ANTWERPEN
Number
of staff 6
Date
of establishment 05/02/1986
Telephone
number 032329300
Fax
number 032329316
The business was established over 29 years ago.
The business has 5 employees.
The business has been at the address for over 17 years.
Net Worth increased by 34% during the latest trading period.
Pre-tax profits increased by 36% compared to the previous trading period.
The business saw an increase in their Cash Balance of 217% during the latest trading period.
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
134,708,722 |
168,480 |
6,645,492 |
12,213,913 |
|
31/12/2012 |
125,718,059 |
123,190 |
4,949,293 |
7,999,079 |
|
31/12/2011 |
127,725,550 |
196,593 |
4,865,445 |
7,942,477 |
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
46,362,567 |
6 |
81,803 |
146,090 |
|
31/12/2012 |
50,464,915 |
6 |
62,000 |
126,387 |
|
31/12/2011 |
49,940,120 |
6 |
62,000 |
187,641 |
Profitability
Liquidity
Net worth
|
Past payments |
|
Payment expectation days |
30.63 |
|
Industry average payment |
105.98 |
Industry average day sales |
171.71 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
92.64 |
|
|
BANKRUPTCY
DETAILS
Court action type No
PROTESTED
BILLS
Bill amount --
NSSO
DETAILS
Date of summons --
|
Business number |
428516306 |
Company name |
SAMDIMON BVBA |
|
Fax number |
032329316 |
Date founded |
05/02/1986 |
|
Company status |
active |
Company type |
Private Limited Company |
|
|
|
|
(BL/LX) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2013 |
|
Activity code |
46761 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of diamonds and other precious
stones |
VAT Number |
BE.0428.516.306 Check VAT number |
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
|
Registered contractor |
- |
|
number |
|
|
Contractor description |
- |
|
Date struck off register |
|
|
PERSONNEL
(NSSO CLASSIFICATION) |
|
|
Code |
- |
|
Description |
- |
|
JOINT
INDUSTRIAL COMMITTEE (JIC) |
|
|
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 |
|
|
|
|
SIGNIFICANT EVENTS |
|
|
Event Date |
21/10/2011 |
|
Event Description |
|
|
Event Details |
Neerlegging van de eenparige schriftelrjke beslurtvorming
van de aandeeihouders dd. 21 oktober 2011 houdende goedkeuring, in
overeenstemming met artikel 556 van het Wetboek van vennootschappen, van
bepalingen die van toepassing zijn ingev |
|
|
|
|
Event Date |
21/10/2011 |
|
Event Description |
|
|
Event Details |
l van een controlewijziging. |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total fixed assets |
345,309 |
22.50 |
281,896 |
-10.34 |
314,413 |
-14.00 |
365,607 |
-8.63 |
400,132 |
|
Intangible fixed assets |
0 |
- |
0 |
-100 |
15 |
-93.83 |
240 |
-48.41 |
465 |
|
Tangible fixed assets |
334,739 |
22.06 |
274,231 |
-10.65 |
306,933 |
-14.65 |
359,599 |
-8.71 |
393,899 |
|
Land & building |
307,473 |
25.74 |
244,533 |
-4.49 |
256,025 |
-4.30 |
267,518 |
-4.12 |
279,010 |
|
Plant & machinery |
24,720 |
1.74 |
24,297 |
-34.50 |
37,095 |
-46.94 |
69,915 |
-23.23 |
91,070 |
|
Furniture & Vehicles |
2,546 |
-52.87 |
5,402 |
-60.89 |
13,813 |
-37.68 |
22,166 |
-6.94 |
23,820 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
10,570 |
37.91 |
7,664 |
2.68 |
7,464 |
29.42 |
5,767 |
0 |
5,767 |
|
Total current assets |
46,017,258 |
-8.30 |
50,183,019 |
1.12 |
49,625,708 |
40.25 |
35,382,904 |
137 |
14,928,431 |
|
Inventories |
9,236,869 |
17.45 |
7,864,772 |
-6.03 |
8,369,047 |
-3.24 |
8,649,417 |
178 |
3,102,460 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
9,236,869 |
17.45 |
7,864,772 |
-6.03 |
8,369,047 |
-3.24 |
8,649,417 |
178 |
3,102,460 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
34,191,431 |
-17.20 |
41,292,255 |
1.62 |
40,635,958 |
53.84 |
26,414,606 |
129 |
11,524,330 |
|
Other amounts receivable |
510,485 |
39.83 |
365,075 |
10.42 |
330,638 |
9.54 |
301,855 |
7.23 |
281,495 |
|
Cash |
2,067,918 |
217 |
650,345 |
135 |
276,696 |
2601 |
10,244 |
-5.83 |
10,878 |
|
Miscellaneous current assets |
10,555 |
-0.16 |
10,572 |
-20.92 |
13,368 |
97.09 |
6,783 |
-26.81 |
9,268 |
|
Total Assets |
46,362,567 |
-8.13 |
50,464,915 |
1.05 |
49,940,120 |
39.70 |
35,748,510 |
133 |
15,328,563 |
LIABILITIES
|
Total shareholders equity |
6,645,492 |
34.27 |
4,949,293 |
1.72 |
4,865,460 |
2.82 |
4,732,226 |
1.84 |
4,646,561 |
|
Issued share capital |
81,803 |
31.94 |
62,000 |
0 |
62,000 |
0 |
62,000 |
0 |
62,000 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
6,563,689 |
34.30 |
4,887,293 |
1.75 |
4,803,460 |
2.85 |
4,670,226 |
1.87 |
4,584,561 |
|
Provisions for Liabilities & |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Charges |
|
|
|
|
|
|
|
|
|
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
39,717,075 |
-12.74 |
45,515,621 |
0.98 |
45,074,660 |
45.33 |
31,016,284 |
190 |
10,682,002 |
|
Other long term loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
5,913,730 |
77.50 |
3,331,681 |
-1.76 |
3,391,429 |
2.90 |
3,295,764 |
7.05 |
3,078,821 |
|
Total long term debts |
5,913,730 |
77.50 |
3,331,681 |
-1.76 |
3,391,429 |
2.90 |
3,295,764 |
7.05 |
3,078,821 |
|
Current portion of long term debt |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Financial debts |
22,288,403 |
-20.17 |
27,919,387 |
-5.17 |
29,440,473 |
135 |
12,497,729 |
728 |
1,508,714 |
|
Trade creditors |
11,187,156 |
-19.93 |
13,972,100 |
17.77 |
11,863,512 |
-20.21 |
14,869,007 |
160 |
5,715,626 |
|
Amounts Payable for Taxes, |
67,658 |
-12.10 |
76,973 |
-24.43 |
101,851 |
69.50 |
60,088 |
-45.03 |
109,308 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
260,128 |
20.72 |
215,481 |
-22.32 |
277,395 |
-5.55 |
293,697 |
8.96 |
269,533 |
|
Total current liabilities |
33,803,345 |
-19.87 |
42,183,940 |
1.20 |
41,683,231 |
50.37 |
27,720,521 |
264 |
7,603,181 |
|
Total Liabilities |
46,362,567 |
-8.13 |
50,464,915 |
1.05 |
49,940,120 |
39.70 |
35,748,510 |
133 |
15,328,563 |
RATIO ANALYSIS
|
TRADING
PERFORMANCE |
|||||||||
|
Profit Before Tax |
0.13 |
30.0 |
0.10 |
-33.33 |
0.15 |
15.38 |
0.13 |
18.18 |
0.11 |
|
Return on capital employed |
1.34 |
-10.07 |
1.49 |
-37.39 |
2.38 |
66.43 |
1.43 |
55.43 |
0.92 |
|
Return on total assets employed |
0.36 |
50.0 |
0.24 |
-38.46 |
0.39 |
21.88 |
0.32 |
-30.43 |
0.46 |
|
Return on net assets employed |
2.54 |
2.01 |
2.49 |
-38.37 |
4.04 |
66.26 |
2.43 |
59.87 |
1.52 |
|
Sales / net working capital |
11.03 |
-29.83 |
15.72 |
-2.24 |
16.08 |
43.70 |
11.19 |
32.58 |
8.44 |
|
Stock turnover ratio |
6.86 |
9.58 |
6.26 |
-4.43 |
6.55 |
-35.08 |
10.09 |
100 |
5.02 |
|
Creditor days |
30.63 |
-25.26 |
40.98 |
20.25 |
34.08 |
-46.37 |
63.55 |
87.63 |
33.87 |
|
Debtor days |
92.64 |
-22.72 |
119.88 |
3.24 |
116.12 |
3.28 |
112.43 |
65.29 |
68.02 |
|
SHORT
TERM STABILITY |
|||||||||
|
Current ratio |
1.36 |
14.29 |
1.19 |
0 |
1.19 |
-7.03 |
1.28 |
-34.69 |
1.96 |
|
Liquidity ratio / acid ratio |
1.09 |
9.00 |
1.00 |
1.01 |
0.99 |
3.12 |
0.96 |
-38.46 |
1.56 |
|
Current debt ratio |
5.09 |
-40.26 |
8.52 |
-0.58 |
8.57 |
46.25 |
5.86 |
257 |
1.64 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
146,090 |
15.59 |
126,387 |
-32.64 |
187,641 |
35.39 |
138,590 |
26.99 |
109,137 |
|
Net worth |
6,645,492 |
34.27 |
4,949,293 |
1.72 |
4,865,445 |
2.82 |
4,731,986 |
1.85 |
4,646,096 |
|
LONG TERM
STABILITY |
|||||||||
|
Gearing |
335.39 |
-40.55 |
564.11 |
-6.77 |
605.09 |
129 |
264.10 |
713 |
32.47 |
|
Equity in percentage |
14.33 |
46.08 |
9.81 |
0.72 |
9.74 |
-26.44 |
13.24 |
-56.32 |
30.31 |
|
Total debt ratio |
5.98 |
-35.00 |
9.20 |
-0.65 |
9.26 |
41.37 |
6.55 |
184 |
2.30 |
|
Working capital |
12,213,913 |
52.69 |
7,999,079 |
0.71 |
7,942,477 |
3.66 |
7,662,383 |
4.60 |
7,325,250 |
Activity
code 46761
Activity
description Wholesale of diamonds and other
precious stones
industry
average
credit
rating 64.48
Industry average
credit limit 140177.31
|
PAYMENT
INFORMATION SUMMARY |
|
|
Total number of Invoices available |
1 |
|
Total number of Invoices paid
within or up to 30 days after
the due date |
1 |
|
Total number of Invoices paid more
than 30 days after the due date |
0 |
|
Total number of Invoices currently
outstanding where the due date has
not yet been reached |
0 |
|
Total number of Invoices currently
outstanding beyond the due date |
0 |
|
SUSPENSION
OF PAYMENTS / MORATORIUM HISTORY |
|
|
Amount |
- |
|
Details |
- |
|
PAYMENT
EXPECTATIONS |
|
|
Payment expectation days |
30.63 |
|
Day sales outstanding |
92.64 |
|
INDUSTRY
COMPARISON |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
Industry average payment |
105.98 |
|
expectation days |
|
|
Industry average day sales |
171.71 |
|
outstanding |
|
PAYMENT
EXPECTATIONS
Company
result 30.63
Lower
118.91
Median
75.65
Upper
46.13
DAY
SALES OUTSTANDING
Company
result 92.64
Lower
102.70
Median
55.21
Upper
25.50
SUMMARY
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
COMPANIES
THAT MATCH THIS ADDRESS
No
Companies Match this address
SUMMARY
Group
- Number of Companies 0
Linkages
- Number of Companies 0
Number
of Countries 0
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 |
KAMLESH KUMAR PRABHULAL AGRAWAL |
|
Position |
Principal Manager |
|
Start Date |
12/07/2012 |
|
Street |
155 HEISTRAAT ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
Name |
NITIN SANGHVI |
|
Position |
Managing Director |
|
Start Date |
06/05/2007 |
|
Street |
3 KASTANJELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
FORMER DIRECTOR
DETAILS
|
Name |
KAMLESH KUMAR PRABHULAL AGRAWAL |
|
Position |
Managing Director |
|
Start Date |
21/10/2011 |
|
End Date |
30/11/2011 |
|
Street |
155 HEISTRAAT ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
Position |
Director |
|
Start Date |
10/04/1996 |
|
End Date |
30/11/2011 |
|
Street |
155 HEISTRAAT ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
Name |
NITIN SANGHVI |
|
Position |
Director |
|
Start Date |
06/05/1997 |
|
End Date |
Unknown date |
|
Street |
3 KASTANJELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
Name |
SONAL NITIN SANGHVI |
|
Position |
Principal Manager |
|
Start Date |
01/10/2011 |
|
End Date |
06/07/2012 |
|
Street |
3 KASTANJELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
Name |
SONAL NITIN SANGHVHI |
|
Position |
Principal Manager |
|
Start Date |
30/11/2011 |
|
End Date |
06/07/2012 |
|
Street |
3 KASTANJELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
Position |
Director |
|
Start Date |
01/10/2011 |
|
End Date |
30/11/2011 |
|
Street |
3 KASTANJELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
Name |
NITIN HAJARIMAL SANGHVI |
|
Position |
Managing Director |
|
Start Date |
16/07/2011 |
|
End Date |
31/12/2011 |
|
Street |
3 KASTANJELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
Position |
Director |
|
Start Date |
16/11/2007 |
|
End Date |
28/02/2011 |
|
Street |
3 KASTANJELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
Name |
CHADRAKANT BHANSALI KAUSHIK |
|
Position |
Principal Manager |
|
Start Date |
12/08/1997 |
|
End Date |
Unknown date |
|
Street |
18 EEKHOORNLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
Name |
SONAL SANGHVI |
|
Position |
Principal Manager |
|
Start Date |
30/11/2011 |
|
End Date |
Unknown date |
|
Street |
|
|
Post code |
|
|
Country |
|
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.65.83 |
|
|
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.