MIRA INFORM REPORT

 

 

Report No. :

355226

Report Date :

22.12.2015

 

IDENTIFICATION DETAILS

 

Name :

DOMINION  DIAMOND  MARKETING  NV 

 

 

Registered Office :

Schupstraat  15, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.01.2015

 

 

Date of Incorporation :

30.03.1998

 

 

Com. Reg. No.:

463100863

 

 

Legal Form :

Public  Limited  Company

 

 

Line of Business :

Wholesale  of  diamonds  and other  precious  stones

 

 

No. of Employee :

8

 

 

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 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 a 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

 

Company name

 

DOMINION  DIAMOND  MARKETING  NV 

 

 

Company  summary                              

 

Business  number

463100863

Branche  Unit  Number

2086627970

Company  name

DOMINION  DIAMOND  MARKETING  NV

Address

SCHUPSTRAAT  15

 

2018 ANTWERPEN

Safe  number

BE00390080

Number  of  staff

8

Date  of  establishment

30/03/1998

Telephone  number

032011090

Fax  number

032130846

 

 

Commentary

 

The  business  was  established  over  17  years  ago. The  business  has  8  employees.

The  business  has  been  at  the  address  for  over  2  months. The  business  has  been  at  the  address  for  less  than  6  months. The  business  has  changed  address  1  times  in  the  last  year. Operating  Result  in  the  latest  trading  period  increased  220%  on  the  previous  trading  period. Net  Worth  increased  by  40%  during  the  latest  trading  period.

A  714%  growth  in  Total  Assets  occurred  during  the  latest  trading  period. The  business  saw  an  increase  in  their  Cash  Balance  of  3321%  during  the  latest  trading  period. Turnover  in  the  latest  trading  period  increased  268%  on  the  previous  trading  period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/01/2015

696,534,282

3,269,668

5,606,313

5,054,623

31/01/2014

189,049,935

3,221,208

3,995,495

3,318,120

30/06/2012

16,235,830

2,607,818

8,468,593

7,319,845

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/01/2015

68,098,871

8

275,335

2,431,068

31/01/2014

8,357,748

7

275,335

2,729,572

30/06/2012

12,804,634

22

7,121,654

1,580,995

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

31.94

Industry  average  payment

187.64

Industry  average  day  sales

194.53

expectation  days

 

outstanding

 

Day  sales  outstanding

0.10

 

 

 

 

Court  data  summary

 

BANKRUPTCY  DETAILS

Court  action  type                                no

PROTESTED  BILLS

Bill  amount                                         --

NSSO  DETAILS

Date  of  summons                               --

 

 

Company  information

 

Business  number

463100863

Company  name

DOMINION  DIAMOND

 

 

 

MARKETING  NV

Fax  number

032130846

Date  founded

30/03/1998

Company  status

active

Company  type

Public  limited  company

Currency

Euro  (€)

Date  of  latest  accounts

31/01/2015

Activity  code

46761

Liable  for  VAT

yes

Activity  description

Wholesale  of  diamonds  and

VAT  Number

BE.0463.100.863  Check  VAT

 

other  precious  stones

 

number

Belgian  Bullettin  of  Acts

Publications

moniteur  belge

 

 

 

 

Contractor  details

 

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

category

 

Significant  Events

 

Event  Date

01/04/2015

Event  Description

authority  appointed

Event  Details

Commentaar  01-04-2015:  Alle  bijzondere  (bank-)  bevoegdheden  toegekend  aan  Evy  De  Rycke,  met

 

inbegrip  van  maar  zonder  beperkt  te  zijn  tot  de  bankbevoegdheden,  in  te  trekken.

Event  Date

30/03/1998

Event  Description

Legal  creation

Event  Details

 

 

 

Company  accounts

 

Assets

 

 

 

 

 

 

 

 

 

Annual  accounts

31-01-2015

%

31-01-2014

%

30-06-2012

%

30-06-2011

%

30-06-2010

Weeks

52

 

83

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

1,098,271

62.14

677,375

-41.03

1,148,747

-26.60

1,565,044

11.86

1,399,147

Intangible  fixed  assets

546,581

-

0

-

0

-

0

-100

36,877

Tangible  fixed  assets

551,010

-18.57

676,695

-41.06

1,148,067

-26.59

1,563,864

14.85

1,361,669

Land  &  building

0

-

0

-

0

-

0

-100

873,723

Plant  &  machinery

33,140

-45.58

60,896

-70.49

206,377

-27.82

285,902

-31.73

418,783

Furniture  &  Vehicles

0

-100

604

-90.78

6,546

-84.48

42,180

-39.01

69,164

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

517,870

-15.82

615,195

-34.21

935,144

-24.33

1,235,782

-

0

Financial  fixed  assets

680

0

680

0

680

-42.37

1,180

96.67

600

Total  current  assets

67,000,600

772

7,680,373

-34.11

11,655,886

8.85

10,708,352

62.83

6,576,578

Inventories

8,046,764

385

1,656,685

-

0

-

0

-

0

Raw  materials  &  consumables

0

-

0

-

0

-

0

-

0

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

8,046,764

385

1,656,685

-

0

-

0

-

0

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

181,469

-93.89

2,968,123

3.23

2,875,381

-37.61

4,608,909

164

1,743,072

Other  amounts  receivable

1,814,077

46.15

1,241,221

920

121,577

42.84

85,112

20.88

70,413

Cash

56,863,219

3321

1,661,844

-80.81

8,658,929

46.16

5,924,480

25.91

4,705,307

Miscellaneous  current  assets

95,071

-37.66

152,500

-

0

-100

89,851

55.49

57,786

Total  Assets

68,098,871

714

8,357,748

-34.73

12,804,634

4.33

12,273,396

53.88

7,975,724

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

6,152,894

54.00

3,995,495

-52.82

8,468,593

17.92

7,181,795

138

3,007,741

Issued  share  capital

275,335

0

275,335

-96.13

7,121,654

0

7,121,654

0

7,121,654

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

5,877,559

57.99

3,720,160

176

1,346,939

2139

60,141

1.46

-4,113,914

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

61,945,977

1320

4,362,253

0.60

4,336,041

-14.84

5,091,601

2.49

4,967,984

Other  long  term  loans

0

-

0

-

0

-

0

-

0

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

0

-

0

-

0

-

0

-

0

Current  portion  of  long  term  debt

0

-

0

-

0

-

0

-

0

Financial  debts

0

-

0

-

0

-

0

-

0

Trade  creditors

60,170,200

1501

3,757,258

87.17

2,007,428

22.85

1,634,097

23.50

1,323,177

Amounts  Payable  for  Taxes,

1,725,556

199

576,695

-71.77

2,042,599

17.86

1,733,129

-44.66

3,131,859

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

50,220

77.46

28,300

-90.11

286,014

-83.41

1,724,374

236

512,948

Total  current  liabilities

61,945,977

1320

4,362,253

0.60

4,336,041

-14.84

5,091,601

2.49

4,967,984

Total  Liabilities

68,098,871

714

8,357,748

-34.73

12,804,634

4.33

12,273,396

53.88

7,975,724

 

 

Ratio  analysis

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

0.47

-72.35

1.70

-89.41

16.06

-37.27

25.60

256

7.18

Return  on  capital  employed

53.14

-34.09

80.62

161

30.79

-51.43

63.39

64.61

38.51

Return  on  total  assets  employed

4.80

-87.55

38.54

89.20

20.37

-45.08

37.09

155

14.52

Return  on  net  assets  employed

53.14

-34.09

80.62

161

30.79

-51.43

63.39

64.61

38.51

Sales  /  net  working  capital

137.80

141

56.98

2466

2.22

-29.97

3.17

-68.39

10.03

Stock  turnover  ratio

1.16

31.82

0.88

-

-

-

-

-

-

Creditor  days

31.94

333

7.36

-85.87

52.10

12.14

46.46

43.09

32.47

Debtor  days

0.10

-98.25

5.73

-91.14

64.64

-31.68

94.61

139

39.43

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.08

-38.64

1.76

-34.57

2.69

28.10

2.10

59.09

1.32

Liquidity  ratio  /  acid  ratio

0.95

-31.16

1.38

-48.70

2.69

28.10

2.10

59.09

1.32

Current  debt  ratio

10.07

823

1.09

113

0.51

-28.17

0.71

-56.97

1.65

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

2,431,068

-10.94

2,729,572

72.65

1,580,995

-65.50

4,582,298

152

1,813,385

Net  worth

5,606,313

40.32

3,995,495

-52.82

8,468,593

17.92

7,181,795

141

2,970,863

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

-

-

-

-

-

-

-

-

-

Equity  in  percentage

9.11

-80.95

47.81

-27.71

66.14

13.02

58.52

54.45

37.89

Total  debt  ratio

10.07

823

1.09

113

0.51

-28.17

0.71

-56.97

1.65

Working  capital

5,054,623

52.33

3,318,120

-54.67

7,319,845

30.32

5,616,751

249

1,608,594

 

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

696,563,855

266

190,219,300

1055

16,463,268

-8.11

17,916,880

9.93

16,298,515

Turnover

696,534,282

268

189,049,935

1064

16,235,830

-8.69

17,781,151

10.21

16,133,849

Total  operating  expenses

687,562,703

269

186,246,408

1224

14,063,575

9.54

12,838,605

-13.69

14,875,001

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

687,592,275

266

187,415,772

1211

14,291,014

10.15

12,974,334

-13.73

15,039,667

Employee  costs

1,156,193

-88.55

10,101,837

99

5,061,005

-3.88

5,265,412

-24.60

6,982,882

Wages  and  salary

804,846

-88.85

7,215,619

89.02

3,817,468

-7.61

4,132,078

-28.41

5,772,216

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

225,776

-89.11

2,072,975

152

820,213

3.49

792,527

-2.76

815,029

Other  employee  costs

125,572

-84.56

813,243

92.11

423,324

24.21

340,807

-13.86

395,637

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

273,668

-23.20

356,351

21.13

294,198

-27.94

408,243

-37.80

656,361

Operating  result

8,971,579

220

2,803,527

29.06

2,172,254

-56.05

4,942,546

292

1,258,848

Total  financial  income

2,803,245

26.97

2,207,794

67.56

1,317,640

103

647,850

21.46

533,392

Total  financial  expenses

8,505,156

375

1,790,113

102

882,076

-15.03

1,038,098

63.75

633,972

Results  on  ordinary  operations

3,269,668

1.50

3,221,208

23.52

2,607,818

-42.71

4,552,298

293

1,158,267

before  taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

-

-

-

-

-

-

38,356

-

-

Extraordinary  Charges

-

-

132,590

-25.50

177,971

-

-

-

-

Extraordinary  items

-

-

-132,590

74.50

-177,971

-564

38,356

-

0

Results  for  the  Year  Before

3,269,668

5.86

3,088,618

27.11

2,429,848

-47.07

4,590,654

296

1,158,267

Taxation

 

 

 

 

 

 

 

 

 

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

1,112,268

55.48

715,397

-37.41

1,143,050

174

416,599

33390

1,244

Results  on  ordinary  operations

2,157,399

-13.90

2,505,811

71.07

1,464,768

-64.58

4,135,699

257

1,157,023

after  taxation

 

 

 

 

 

 

 

 

 

Net  result

2,157,399

-9.09

2,373,221

84.43

1,286,797

-69.17

4,174,055

260

1,157,023

Profit  (Loss)  for  the  Year  to  be

appropiated

2,157,399

-9.09

2,373,221

84.43

1,286,797

-69.17

4,174,055

260

1,157,023

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet  Details

 

 

 

Social  Balance  Sheet

 

Total

 

During  the  reporting  year

 

 

 

ended  31-01-2015

 

 

 

Full-time  Employees

 

7

 

Part-time  Employees

 

1

 

Total  Fte  Employees

 

8

 

Number  of  hours  worked

 

 

 

Full-time  Employees

 

12,173

 

Part-time  Employees

 

1,361

 

Total

 

13,534

 

Personnel  Charges

 

 

 

Full-time  Employees

 

1,039,925

 

Part-time  Employees

 

116,269

 

Total

 

1,156,193

 

Benefits  In  Addition  To  Wages

 

-

 

During  the  previous  reporting  year

 

 

 

Average  number  employees  in  Fte

 

17

 

Actual  working  hours

 

42,184

 

Personnel  Charges

 

10,101,837

 

Benefits  In  Addition  To  Wages

 

-

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

6

1

7

Contracts

 

 

 

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

3

-

3

university)

 

 

 

Higher  education

-

-

-

(university)

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

-

-

-

Higher  education  (non

3

1

4

university)

 

 

 

Higher  education

-

-

-

(university)

 

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

6

1

7

Blue  collar  worker

-

-

-

Other

-

-

-

Temporary  personnel

 

Total

 

Average  number  of  temporary  staff

 

1

 

Actual  working  hours

 

1,169

 

Cost  of  temporary  staff

 

49,064

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

3

-

3

Leavers

4

-

4

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

 

-

-

 

 

Industry  comparison

 

Activity  code

46761

Activity  description

Wholesale  of  diamonds  and  other  precious  stones

 

 

Payment  Information

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

102

Total  number  of  Invoices  paid  within  or  up  to  30  days  after  the  due  date

96

Total  number  of  Invoices  paid  more  than  30  days  after  the  due  date

4

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

2

 

 

Suspension  of  payments  /  moratorium  history

 

Amount

-

Details

-

Payment  expectations

 

Payment  expectation  days

31.94

Day  sales  outstanding

0.10

Industry  comparison

 

Activity  code

46761

Activity  description

Wholesale  of  diamonds  and  other  precious  stones

Industry  average  payment

187.64

expectation  days

 

Industry  average  day  sales

194.53

outstanding

 

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

31.94

Lower

132.91

Median

60.30

Upper

28.62

 

Day  sales  outstanding

 

Company  result

0.10

Lower

131.59

Median

84.67

Upper

46.95

 

 

Shareholder  Details                 

 

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

 

 

Linked  Companies

 

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

 

 

Director  details

 

Current  director  details

 

Position

Managing  Director

Start  Date

26/06/2013

Street

23 VAN  EYCKLEI  ANTWERPEN

Post  code

2000

Country

Belgium

Name

Harsh  Dalal

Position

Director

Start  Date

25/06/2013

Street

23 VAN  EYCKLEI  ANTWERPEN

Post  code

2000

Country

Belgium

Name

James  Pounds

Position

Managing  Director

Start  Date

26/06/2013

Street

 

Post  code

 

Country

United  Kingdom

Position

Director

Start  Date

10/04/2013

Street

 

Post  code

 

Country

United  Kingdom

Name

BRENDAN  BELL

Position

Director

Start  Date

31/07/2015

Street

 

Post  code

 

Country

 

 

 

Former  director  details

 

Name

Martin  Leake

Position

Managing  Director

Start  Date

03/10/2011

End  Date

10/04/2013

Date  of  birth

20/06/1966

Street

97 LAGE  KAART  BRASSCHAAT

Post  code

2930

Country

Belgium

Position

Director

Start  Date

03/10/2011

End  Date

10/04/2013

Date  of  birth

20/06/1966

Street

97 LAGE  KAART  BRASSCHAAT

Post  code

2930

Country

Belgium

Name

Christopher  Ryder

Position

Managing  Director

Start  Date

01/01/2008

End  Date

03/10/2011

Street

110 MCINTOSHSTREET

Post  code

S7T  0A8

Country

Canada

Position

Director

Start  Date

25/09/2002

End  Date

03/10/2011

Street

110 MCINTOSHSTREET

Post  code

S7T  0A8

Country

Canada

Name

Robert  Carlyle

Position

Managing  Director

Start  Date

27/06/2005

End  Date

01/01/2008

Street

 

Post  code

 

Country

 

Position

Director

Start  Date

27/06/2005

End  Date

01/01/2008

Street

 

Post  code

 

Country

 

Name

Robert  Gannicott

Position

Director

Start  Date

10/04/2013

End  Date

31/07/2015

Street

 

Post  code

 

Country

Canada

Name

NIELS  WAGE

Position

Director

Start  Date

03/10/2011

End  Date

10/04/2013

Street

5 MARINA  BOULEVARD

Post  code

018983

Country

Singapore

Name

Inge  Van  Nuffel

Position

Director

Start  Date

21/12/2012

End  Date

10/04/2013

Street

15 KASTANJELAAN  GROBBENDONK

Post  code

2288

Country

Belgium

Name

Monique  Bijnen

Position

Director

Start  Date

08/10/2009

End  Date

21/12/2012

Street

39 KIPDORP  ANTWERPEN

Post  code

2000

Country

Belgium

Name

VINCET  NICOLETTI

Position

Director

Start  Date

01/03/2008

End  Date

03/10/2011

Street

 

Post  code

 

Country

 

Name

Anton  van  Brouwershaven

Position

Director

Start  Date

01/01/2008

End  Date

08/10/2009

Street

25 TORFHEIDEDREEF  SCHILDE

Post  code

2970

Country

Belgium

Name

PAUL  KOPPELMAN

Position

Director

Start  Date

31/03/2006

End  Date

01/03/2008

Street

 

Post  code

 

Country

 

Name

THOMAS  BORMAN

Position

Director

Start  Date

27/06/2005

End  Date

31/03/2006

Street

 

Post  code

 

Country

 

Name

Jacobus  Strauss

Position

Director

Start  Date

15/10/2003

End  Date

27/06/2005

Street

 

Post  code

 

Country

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.32

UK Pound

1

Rs.98.99

Euro

1

Rs.72.13

EURO

1

Rs. 72.35

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

Report Prepared by :

ASH

 


 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.