|
Report No. : |
303432 |
|
Report Date : |
16.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIFFERENT FACETS BVBA |
|
|
|
|
Registered Office : |
Mechelsesteenweg 245, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
29.10.1998 |
|
|
|
|
Com. Reg. No.: |
464570117 |
|
|
|
|
Legal Form : |
One Person Private Limited Company (BE) |
|
|
|
|
Line of Business : |
Wholesale of Diamonds and Other Precious Stones. |
|
|
|
|
No. of Employees : |
1 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 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 464570117
Branche Unit Number 2131839076
Company name DIFFERENT FACETS
BVBA
Address MECHELSESTEENWEG
245
2018 ANTWERPEN
Number of staff 1
Date of establishment 29/10/1998
Telephone number --
Fax number --
|
The business was established over
16 years ago. |
|
The business has 1 employees. |
|
The business has been at the
address for over 5 years. |
|
Operating Result in the latest trading
period decreased 24% on the previous trading period. |
|
A 33% decline in Total Assets
occurred during the latest trading period. |
|
Pre-tax profits decreased by 37%
compared to the previous trading period. |
|
Net Worth is a negative amount during
the latest trading period. |
|
Working Capital is a negative
amount during the latest trading period. |
|
Turnover in the latest trading
period decreased 45% on the previous trading period. |
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
7,154,294 |
17,682 |
-35,100 |
-23,894 |
|
31/12/2012 |
13,087,644 |
28,229 |
-52,782 |
-38,227 |
|
31/12/2011 |
|
11,151 |
-81,011 |
-66,629 |
|
Accounts |
||||
|
DATE OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
4,940,427 |
1 |
18,592 |
17,870 |
|
31/12/2012 |
7,431,895 |
1 |
18,592 |
28,402 |
|
31/12/2011 |
6,832,687 |
1 |
18,592 |
11,179 |
Past payments
Payment expectation days 247.70
Industry average payment
expectation days 123.86
Industry average day sales
Outstanding 140.10
Day sales outstanding 108.28
Court data summary
BANKRUPTCY DETAILS
Court action type No
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons 13/11/2002
Business number 464570117
Company name DIFFERENT FACETS
BVBA
Fax number --
Date founded 29/10/1998
Company status Active
Company type One Person Private
Limited Company (BE)
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.0464.570.117
Check VAT number
Belgian Bullettin of Acts
Publications moniteur belge
JOINT INDUSTRIAL COMMITTEE (JIC)
|
JIC Code |
218 |
|
Description |
Additional
national joint committee for the employees |
|
category |
|
|
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 |
3,667 |
1051 |
319 |
-35.23 |
492 |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Tangible fixed assets |
667 |
109 |
319 |
-35.23 |
492 |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Land & building |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Plant & machinery |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Furniture & Vehicles |
667 |
109 |
319 |
-35.23 |
492 |
- |
- |
- |
- |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
3,000 |
- |
- |
- |
- |
- |
- |
- |
|
|
Total current assets |
4,936,760 |
-33.57 |
7,431,576 |
8.77 |
6,832,195 |
-17.52 |
8,283,832 |
7.23 |
7,725,351 |
|
Inventories |
2,596,889 |
-5.97 |
2,761,851 |
-21.59 |
3,522,220 |
34.07 |
2,627,145 |
11.85 |
2,348,857 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
2,596,889 |
-5.97 |
2,761,851 |
- |
0 |
- |
0 |
-100 |
2,348,857 |
|
Other stocks |
0 |
- |
0 |
-100 |
3,522,220 |
34.07 |
2,627,145 |
- |
0 |
|
|
|||||||||
|
Trade debtors |
2,122,429 |
-52.59 |
4,477,061 |
44.20 |
3,104,833 |
-43.77 |
5,521,940 |
4.72 |
5,273,247 |
|
Other amounts receivable |
64,764 |
11.07 |
58,311 |
-1.99 |
59,494 |
0.84 |
59,001 |
0.45 |
58,734 |
|
|
|||||||||
|
Cash |
151,735 |
13.86 |
133,269 |
-8.05 |
144,941 |
92.55 |
75,273 |
70.38 |
44,180 |
|
|
|||||||||
|
Miscellaneous current assets |
942 |
-13.15 |
1,085 |
53.18 |
708 |
49.80 |
473 |
42.40 |
332 |
|
|
|||||||||
|
Total Assets |
4,940,427 |
-33.52 |
7,431,895 |
8.77 |
6,832,687 |
-17.52 |
8,283,832 |
7.23 |
7,725,351 |
Liabilities
Total shareholders equity -35,100 66.50 -52,782 65.15 -81,011
87.90 -92,162 97.72 -94,310
Issued share capital 18,592 0 18,592 0 18,592 0 18,592 0.00 1 8,592
Share premium account - - - - - - - - -
Revaluation reserve -
- - - - - - - -
Reserves -53,692 75.23 -71,374 71.66 -99,603
89.93 -110,754 98.10 -112,902
Provisions for Liabilities &
Charges 14,874 0 14,874 0 14,874 0 14,874 0.00 14,874
Deffered taxes - - - - -
- - - -
Creditors 4,960,654
-33.59 7,469,803 8.28 6,898,825 -17.49 8,361,121 7.13 7,804,787
Other long term loans - - - - - - - - -
Long term group loans - - - - - - - - -
Other long term liabilities 0 - 0 - 0
- 0 - 0
Total long term debts 14,874 0 14,874 0 14,874 0 14,874 0.00 14,874
Current portion of long term debt - - -
- - - - - -
Financial debts 13,108 -20.93 16,576 -44.38 29,805
127 13,111 2049 610
Trade creditors 4,836,900 -34.12 7,342,461 8.67 6,756,626
-18.05 8,245,160 7.07 7,700,661
Amounts Payable for Taxes,
Remuneration & Social Security 7,942 3.02 7,709 -20.71 9,722
38788 25 -96.39 692
Miscellaneous current liabilities 102,705 -0.34 103,056 0.38 102,671
-0.15 102,825 0.00 102,824
Total current liabilities 4,960,654 -33.59 7,469,803 8.28 6,898,825
-17.49 8,361,121 7.13 7,804,787
Total Liabilities 4,940,427 -33.52 7,431,895 8.77 6,832,687 -17.52 8,283,832 7.23 7,725,351
RATIO
ANALYSIS
TRADING Performance
|
Profit
Before Tax |
0.25 |
13.64 |
0.22 |
- |
- |
- |
- |
- |
0.28 |
|
Return
on capital employed |
-87.42 |
-17.39 |
-74.47 |
-341 |
-16.86 |
-806 |
-1.86 |
25.48 |
-7.30 |
|
Return
on total assets employed |
0.36 |
-5.26 |
0.38 |
137 |
0.16 |
700 |
0.02 |
-75.00 |
0.08 |
|
Return
on net assets employed |
-50.38 |
94.20 |
-53.48 |
-288 |
-13.77 |
-782 |
-1.56 |
25.37 |
-6.15 |
|
Sales
/ net working capital |
-299.42 |
87.46 |
-342.37 |
- |
- |
- |
- |
- |
-25.90 |
|
|
|||||||||
|
Stock
turnover ratio |
36.30 |
72.04 |
21.10 |
- |
- |
- |
- |
- |
114.15 |
|
|
|||||||||
|
Creditor
days |
247.70 |
20.64 |
205.33 |
- |
- |
- |
- |
- |
1,372.90 |
|
Debtor
days |
108.28 |
-13.28 |
124.86 |
- |
- |
- |
- |
- |
935.40 |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current
ratio |
1.00 |
1.01 |
0.99 |
0 |
0.99 |
0 |
0.99 |
0 |
0.99 |
|
|
|||||||||
|
Liquidity
ratio / acid ratio |
0.47 |
-25.40 |
0.63 |
31.25 |
0.48 |
-29.41 |
0.68 |
-1.45 |
0.69 |
|
|
|||||||||
|
Current
debt ratio |
-141.33 |
99 |
-141.52 |
-66.18 |
-85.16 |
93.87 |
-90.72 |
-9.62 |
-82.76 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cashflow |
17,870 |
-37.08 |
28,402 |
154 |
11,179 |
420 |
2,147 |
-62.82 |
5,775 |
|
Net worth |
-35,100 |
66.50 |
-52,782 |
65.15 |
-81,011 |
87.90 |
-92,162 |
97.72 |
-94,310 |
|
|
|
|
|
|
|
|
|
|
|
|
Long term
Stability |
|
|
|
|
|
|
|
|
|
|
Gearing |
-37.34 |
-18.88 |
-31.41 |
85.38 |
-36.79 |
-158 |
-14.23 |
-2089 |
-0.65 |
|
Equity in percentage |
-0.71 |
0 |
-0.71 |
59.66 |
-1.19 |
-7.21 |
-1.11 |
90.98 |
-1.22 |
|
Total debt ratio |
-141.75 |
99 |
-141.80 |
-66.16 |
-85.34 |
93.90 |
-90.88 |
-9.61 |
-82.91 |
|
Working capital |
-23,894 |
62.50 |
-38,227 |
57.37 |
-66,629 |
86.21 |
-77,289 |
97.30 |
-79,436 |
Profit and Loss
Operating Income 7,155,265 -45.33
13,088,625 - - -
- - 2,058,618
Turnover 7,154,294
-45.34 13,087,644 -
- - - - 2,057,656
Total operating expenses 7,127,512 -45.39 13,052,070 - - - - -
2,047,303
Gross Operating Margin - -
- - 64,915
36.84 47,440
- -
Operating Charges 7,128,484 -45.39 13,053,051
- - - - - 2,048,266
Employee costs 43,627 1.99 42,778
-7.67 46,330 10.17
42,053 3.60 40,591
Wages and salary 35,544 2.28 34,753
-10.09 38,655 18.56
32,603 1.02 32,275
Employee pension costs - -
- -
- - - -
-
Social security contributions
7,737 0.41 7,705 4.39
7,381 3.70 7,118 -1.15 7,201
Other employee costs 346 8.37
319 8.77 294
-87.41 2,332 109 1,115
Director remuneration - -
- -
- - - - -
Amortization and depreciation
188 8.48 173 518
28 - - - -
Operating result 26,781 -24.72 35,574 103
17,441 398 3,500 -66.20 10,353
Total financial income 465 110
221 -23.41 288
22.73 235 14.08 206
|
Total financial expenses |
|
9,564 |
26.41 |
7,566 |
15.01 |
6,579 |
186 |
2,298 |
-51.71 |
4,759 |
|
Results on ordinary
operations before taxation |
|
17,682, |
-37.36 |
28,229 |
153 |
11,151 |
676 |
1,437 |
-75.24 |
5,801 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary
Income |
|
- |
- |
- |
- |
- |
- |
692 |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary
Charges |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary
items |
|
0 |
- |
0 |
- |
0 |
-100 |
692 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Results for the Year
Before Taxation |
|
17,682 |
-37.36 |
28,229 |
153 |
11,151 |
423 |
2,129 |
-63.30 |
5,801 |
|
Other appropriations |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
|
- |
- |
- |
- |
- |
- |
-18 |
-173 |
25 |
|
Results on ordinary
operations after taxation |
|
17,682 |
-37.36 |
28,229 |
153 |
11,151 |
666 |
1,455 |
-74.81 |
5,776 |
|
Net result |
|
17,682 |
-37.36 |
28,229 |
153 |
11,151 |
419 |
2,147 |
-62.82 |
5,775 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit (Loss) for the
Year to be appropiated |
|
17,682 |
-37.36 |
28,229 |
153 |
11,151 |
419 |
2,147 |
-62.82 |
5,775 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividend |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
Balance Sheet |
Total |
|
|
During
the reporting year ended 31-12-2013 |
||
|
Full-time
Employees |
1 |
|
|
Part-time
Employees |
- |
|
|
Total Fte
Employees |
1 |
|
|
|
||
|
Number of
hours worked |
||
|
Full-time
Employees |
1,756 |
|
|
Part-time
Employees |
- |
|
|
Total |
1,756 |
|
|
|
||
|
Personnel
Charges |
||
|
Full-time
Employees |
- |
|
|
Part-time
Employees |
- |
|
|
Total |
- |
|
|
Benefits
In Addition To Wages |
- |
|
|
|
||
|
During the
previous reporting year |
||
|
Average
number employees in Fte |
1 |
|
|
Actual
working hours |
1,763 |
|
|
Personnel
Charges |
42,778 |
|
|
Benefits
In Addition To Wages |
- |
|
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration Contracts |
1 |
- |
1 |
|
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
university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
1 |
- |
1 |
|
Higher education (non
university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
|
|||
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
1 |
- |
1 |
|
Blue collar worker |
- |
- |
- |
|
Other |
- |
- |
- |
|
Activity code |
46761 |
|
|
Activity description |
Wholesale of diamonds and other precious stones |
|
|
industry average credit rating |
64.48 |
|
|
Industry average credit limit |
140177.31 |
|
|
Suspension of payments / moratorium history |
||
|
Amount |
- |
|
|
Details |
- |
|
|
Payment expectations |
||
|
Payment expectation days |
247.70 |
|
|
Day sales outstanding |
108.28 |
|
|
Industry comparison |
|
|
|
Activity code |
46761 |
|
|
Activity description |
Wholesale of diamonds and other precious stones |
|
|
Industry average payment expectation days |
123.86 |
|
|
Industry average day sales outstanding |
140.10 |
|
|
Payment expectations |
|
|
Company result |
247.70 |
|
Lower |
120.92 |
|
Median |
74.35 |
|
Upper |
45.81 |
|
Day sales outstanding |
|
|
Company result |
108.28 |
|
Lower |
101.92 |
|
Median |
54.07 |
|
Upper |
23.99 |
|
Summary |
|
|
Group - Number of Companies |
0 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
No
group structure for this company.
No
minority shareholders found
No
minority interests found
Companies that match this address
Business number Company
name Date
of accounts
453647620 KAIZEN
BELGIUM NV -
453647620 KAIZEN
BELGIUM NV -
477569503 DIVTEJ
BVBA 31/12/2013
477569602 SEHAN
EBVBA 31/12/2013
506800353 ARCADIA
CONSULTING BVBA -
727226717 HOUDMONT
ALEXANDER -
896760941 VME
TE ANTWERPEN, -
MECHELSESTEENWEG
245 VME
|
Summary |
|
|
Group - Number of Companies |
0 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Summons
Legal event type Social Security
Summons
Event date 13/11/2002
Court type -
Court name -
Creditor's name -
3rd party type -
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 AMISHKUMAR
SHIRSHCHANDRA SHAH
Position Principal Manager
Start Date 23/03/2005
Street 165
MECHELSESTEENWEG ANTWERPEN
Post code 2018
Country Belgium
Name JACOBA JULIANA
LOUISA HERTOGHS
Position Principal Manager
Start Date 29/10/1998
Date of birth 05/11/1953
Street 4 SNOEKGRACHT
GRIMBERGEN
Post code 1850
Country Belgium
Name ANKIT SHAN
Position Principal Manager
Start Date 23/03/2005
Street 15 LAXMI ESTATE
OLD NAGARDAS RD
Post code
Country India
Name ANKIT SHAH
Position Principal Manager
Start Date 23/03/2005
Street
Post code
Country
Former director details
Name HASMUKHAL RATILAL
SONI
Position Principal Manager
Start Date 30/06/2000
End Date 30/09/2013
Street 10 QUINTEN
MATSIJSLEI 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.61.76 |
|
|
1 |
Rs.94.02 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.