|
Report No. : |
303764 |
|
Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PROMECO NV |
|
|
|
|
Registered Office : |
Doornikserijksweg 12, 8510 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
16.02.1995 |
|
|
|
|
Com. Reg. No.: |
454546354 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Other Commercial Services, n.e.c. |
|
|
|
|
No. of Employees : |
12 |
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 – 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 454546354
Company name PROMECO NV
Address DOORNIKSERIJKSWEG
12
8510 KORTRIJK
Number of staff 12
Date of establishment 16/02/1995
Telephone number 056416777
Fax number 056416009
Company name Company
Number
Promeco NV 454546354
The business was established over 19 years ago.
The business has 5 employees.
The business is part of a group.
This business has a foreign parent business.
The business has been at the address for over 4 years.
Operating Result in the latest trading period increased 447% on the
previous trading period.
Net Worth increased by 126% during the latest trading period.
A 92% growth in Total Assets occurred during the latest trading period.
Pre-tax profits increased by 582% compared to the previous trading
period.
The business saw an increase in their Cash Balance of 2488% during the
latest trading period.
|
DATE
OF LATEST ACCOUNTS
|
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
30/06/2013 |
|
11,973,087
|
9,869,146 |
9,135,980 |
|
30/06/2012 |
|
1,753,607
|
4,354,446 |
3,549,830 |
|
30/06/2011 |
|
2,706,290
|
4,069,801 |
3,195,135 |
|
ACCOUNTS |
||||
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
30/06/2013
|
24,358,434 |
12
|
62,000 |
9,743,212 |
|
30/06/2012
|
12,636,942 |
11
|
62,000 |
1,936,997 |
|
30/06/2011
|
7,989,315 |
8
|
62,000 |
2,676,421 |
|
Past
payments |
Payment
expectation days |
- |
|
|
Industry
average payment expectation days
139.51 |
Industry
average day sales outstanding |
12908.81 |
|
|
Day sales
outstanding - |
|||
BANKRUPTCY DETAILS
Court action type No
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons -
Business number 454546354
Company name PROMECO NV
Fax number 056416009
Date founded 16/02/1995
Company status Active
Company type Public Limited
Liability Company (BE)
Currency Euro (€)
Date of latest accounts 30/06/2013
Activity code 82990
Liable for VAT Yes
Activity description Other Commercial
Services, n.e.c.
VAT Number BE.0454.546.354
Check VAT number
Belgian Bullettin of Acts
Publications Moniteur Belge
Personnel (NSSO classification)
Code -
Description FROM 5 TO 9
EMPLOYEES
Joint Industrial Committee (JIC)
JIC Code 218
Description Additional
national joint committee for the employees
category
Significant Events
Event Date 20/10/2010
Event Description Re-appointment of
director(s)
Event Details Commentaar 20-10-2010: Op de
algemene vergadering werd beslist volgende
bestuurders te herbenoemen voor een periode van 6 jaar: Boxter Bvba,
Belginova Nv, Karim Redjal (tevens
gedelegeerd bestuurder).
Event Date 20/10/2010
Event Description Re-appointment of
director(s)
Event Details Commentaar 20-10-2010: Op de
algemene vergadering werd beslist volgende
bestuurders te herbenoemen voor een periode van 6 jaar: Boxter Bvba,
Belginova Nv, Karim Redjal (tevens
gedelegeerd bestuurder).
Event Date 31/01/2010
Event Description proposal to change
address filed
Event Details --
Event Date 31/01/2010
Event Description proposal to change
address filed
Event Details --
|
Assets |
|||||||||
|
Annual
accounts |
30-06-2013 |
% |
30-06-2012 |
% |
30-06-2011 |
% |
30-06-2010 |
% |
30-06-2009 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
|
|||||||||
|
Total fixed
assets |
733,166 |
-8.88 |
804,616 |
-21.70 |
1,027,666 |
27.19 |
807,971 |
287 |
208,671 |
|
|
|||||||||
|
Intangible
fixed assets |
0 |
- |
0 |
-100 |
153,000 |
- |
0 |
- |
0 |
|
Tangible fixed
assets |
684,811 |
1.47 |
674,886 |
-18.33 |
826,311 |
2.38 |
807,116 |
447 |
147,387 |
|
Land &
building |
508,513 |
2.89 |
494,247 |
-14.14 |
575,646 |
3.77 |
554,710 |
1531 |
34,001 |
|
Plant &
machinery |
67,958 |
-6.22 |
72,466 |
-0.37 |
72,737 |
17.65 |
61,824 |
116 |
28,536 |
|
Furniture
& Vehicles |
108,340 |
0.15 |
108,173 |
-39.20 |
177,928 |
-6.64 |
190,582 |
124 |
84,850 |
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial
Fixed Assets |
48,355 |
-62.73 |
129,730 |
168 |
48,355 |
5555 |
855 |
-98.60 |
61,284 |
|
Total
current assets |
23,625,268 |
99 |
11,832,326 |
69.96 |
6,961,649 |
53.94 |
4,522,322 |
46.96 |
3,077,182 |
|
Inventories |
7,268,727 |
70.86 |
4,254,129 |
57.54 |
2,700,432 |
71.67 |
1,572,994 |
83.50 |
857,236 |
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in
progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished
goods |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other stocks |
7,268,727 |
70.86 |
4,254,129 |
57.54 |
2,700,432 |
71.67 |
1,572,994 |
83.50 |
857,236 |
|
|
|||||||||
|
Trade
debtors |
6,912,293 |
10.26 |
6,268,969 |
110 |
2,985,057 |
140 |
1,241,965 |
-17.70 |
1,509,162 |
|
Other
amounts receivable |
132,878 |
50.54 |
88,266 |
-41.29 |
150,332 |
114 |
70,234 |
31.37 |
53,463 |
|
|
|||||||||
|
Cash |
8,576,370 |
2488 |
331,270 |
-67.64 |
1,023,828 |
-37.36 |
1,634,378 |
148 |
657,321 |
|
|
|
|
|
|
|
|
|
||
|
Miscellaneous
current assets |
429,000 |
-37.44 |
685,692 |
- |
0 7,989,315 |
-100 |
2,751 |
0 |
|
|
|
|
|
|
|
49.89 |
|
|
|
|
|
Total Assets |
24,358,434 |
92.76 |
12,636,942 |
58.17 |
5,330,293 |
62.22 |
3,285,853 |
||
Liabilities
Total shareholders equity 9,869,146 126 4,354,446 3.12 4,222,801 43.41 2,944,609 124 1,312,894
Issued share capital 62,000 0 62,000 0 62,000 0 62,000 0 62,000
Share premium account - - -
- -
- - - -
Revaluation reserve - - -
- -
- - - -
Reserves 9,807,146 128 4,292,446 3.16 4,160,801 44.34 2,882,609 130 1,250,894
Provisions for Liabilities &
Charges 0 - 0 - 0
- 0 - 0
Deffered taxes -
- - - - - - - -
Creditors 14,489,288
74.94 8,282,496 119 3,766,514 57.88 2,385,684 20.92 1,972,959
Other long term loans - - -
- -
- - - -
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
Financial debts 1,651,752
-0.81 1,665,319 - - - -
- -
Trade creditors 7,059,074 67.51 4,214,233 77.39 2,375,666 35.81 1,749,259 0.75 1,736,162
Amounts Payable for Taxes,
Remuneration & Social Security 1,720,940 131 743,708 2622 27,322 -88.62 240,101 113 112,455
Miscellaneous current liabilities 4,057,522 144 1,659,236 21.69 1,363,526 244 396,324 218 124,342
Total current liabilities 14,489,288 74.94 8,282,496 119 3,766,514 57.88 2,385,684 20.92 1,972,959
Total Liabilities 24,358,434
92.76 12,636,942 58.17 7,989,315 49.89 5,330,293 62.22 3,285,853
RATIO ANALYSIS
TRADING PERFORMANCE
Profit Before Tax - -
- - - - - -
-
Return on capital employed 121.32 201 40.27 -37.17 64.09 -12.13 72.94 65.92 43.96
Return on total assets employed 49.15 254 13.88
-59.02 33.87 -15.93 40.29 129 17.56
Return on net assets employed 121.32 201 40.27 -37.17 64.09 -12.13 72.94 65.92 4 3.96
Sales / net working capital - -
- - - - - -
-
Stock turnover ratio - - - -
- - - - -
Creditor days - -
- - - - - -
-
Debtor days - - - -
- - - - -
SHORT TERM STABILITY
Current ratio 1.63 13.99 1.43 -22.70 1.85 -2.63 1.90 21.79 1.56
Liquidity ratio / acid ratio 1.13 24.18 0.91 -19.47 1.13 -8.87 1.24 9.73 1.13
Current debt ratio 1.47 -22.63 1.90 113 0.89 9.88 0.81 -46.00 1.50
Liquidity ratio reprocessed - -
- - - - - -
-
Cashflow 9,743,212
403 1,936,997 -27.63 2,676,421 26.80 2,110,770 289 541,546
Net worth 9,869,146
126 4,354,446 6.99 4,069,801 38.21 2,944,609 124 1,312,894
LONG TERM STABILITY
Gearing 16.74 -56.22 38.24 - -
- - - -
Equity in percentage 40.52 17.59 34.46 -36.05 53.89 -2.44 55.24 38.24 39.96
Total debt ratio 1.47 -22.63 1.90 113 0.89 9.88 0.81 -46.00 1.50
Working capital 9,135,980
157 3,549,830 11.10 3,195,135 49.54 2,136,638 93.50 1,104,223
PROFIT & LOSS
|
Operating
Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
||
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
||
|
Total
operating expenses |
- |
- |
- |
- |
- |
- |
- |
- |
- |
||
|
Gross Operating Margin |
9,101,586 |
337 |
2,079,094 |
-34.26 |
3,162,632 |
52.03 |
2,080,287 |
238 |
614,394 |
||
|
Operating Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
||
|
Employee costs |
485,317 |
48.16 |
327,563 |
53.31 |
213,665 |
35.15 |
158,095 |
19.37 |
132,443 |
||
|
Wages and salary |
346,950 |
50.88 |
229,944 |
55.50 |
147,873 |
23.48 |
119,758 |
24.49 |
96,202 |
||
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
||
|
Social security contributions |
106,214 |
46.92 |
72,296 |
53.74 |
47,025 |
35.98 |
34,582 |
55.00 |
22,311 |
||
|
Other employee costs |
32,153 |
26.97 |
25,323 |
34.93 |
18,767 |
399 |
3,755 |
-73.04 |
13,930 |
||
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
||
|
Amortization and depreciation |
228,512 |
11.28 |
205,352 |
3.59 |
198,229 |
10.71 |
179,055 |
201 |
59,344 |
||
|
Operating result Total
financial income |
8,381,332
3,761,142 |
447 780 |
1,531,493 426,983 |
-44.17 501 |
2,743,111
70,968 |
58.37 -85.00 |
1,732,134 473,189 |
319 167 |
413,198
177,014 |
||
|
Total financial expenses |
169,387 |
-17.32 |
204,869 |
90.06 |
107,789 |
87.36 |
57,529 |
338 |
13,106 |
||
|
Results on ordinary
operations before |
11,973,087 |
582 |
1,753,607 |
-35.20 |
2,706,290 |
26.00 |
2,147,794 |
272 |
577,106 |
||
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
161,931 |
- |
- |
||
|
Extraordinary
Charges |
- |
- |
11,016 |
- |
- |
- |
- |
- |
|
||
|
Extraordinary
items |
0 |
0 |
-11,016 |
- |
0 |
-100 |
161,931 |
- |
0 |
||
|
Results for
the Year Before Taxation |
11,973,087 |
587 |
1,742,591 |
-35.61 |
2,706,290 |
17.17 |
2,309,725 |
300 |
577,106 |
||
|
Other
appropriations
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
||
|
Taxation |
2,458,387 |
22359 |
10,946 |
-95.20 |
228,098 |
-39.66 |
378,010 |
298 |
94,904 |
||
|
Results on ordinary operations
after taxation |
9,514,700 |
445 |
1,742,661 |
-29.68 |
2,478,192 |
40.03 |
1,769,784 |
267 |
482,202 |
||
|
Net result |
9,514,700 |
449 |
1,731,645 |
-30.12 |
2,478,192 |
28.29 |
1,931,715 |
300 |
482,202 |
||
|
Profit (Loss) for the Year to
be appropiated |
8,764,700 |
406 |
1,731,645 |
0.22 |
1,727,924 |
46.25 |
1,181,448 |
145 |
482,202 |
||
|
Dividend |
- |
- |
- |
- |
- |
- |
- |
- |
- |
||
|
Social
Balance Sheet |
Total |
|
|
|
During the
reporting year |
|
|
|
|
ended
30-06-2013 |
|
|
|
|
Full-time
Employees |
11 |
|
|
|
Part-time
Employees - |
|||
|
Total Fte Employees |
11 |
|
|
|
|
|||
|
Number of
hours worked |
|||
|
Full-time
Employees |
19,149 |
|
|
|
Part-time
Employees - |
|||
|
Total |
19,149 |
|
|
|
|
|||
|
Personnel
Charges |
|||
|
Full-time
Employees |
485,317 |
|
|
|
Part-time
Employees - |
|||
|
Total |
485,317 |
|
|
|
Benefits In
Addition To Wages - |
|||
|
|
|||
|
During the
previous reporting year |
|||
|
Average
number employees in Fte |
8 |
|
|
|
Actual
working hours |
12,798 |
|
|
|
Personnel
Charges |
327,563 |
|
|
|
Benefits In
Addition To Wages |
- |
|
|
|
|
|||
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration Contracts |
12 |
- |
12 |
|
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 |
3 |
- |
3 |
|
Higher education (non
university) |
1 |
- |
1 |
|
Higher education (university) |
1 |
- |
1 |
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
5 |
- |
5 |
|
Higher education (non
university) |
1 |
- |
1 |
|
Higher education (university) |
1 |
- |
1 |
|
|
|||
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
9 |
- |
9 |
|
Blue collar worker |
3 |
- |
3 |
|
Other |
- |
- |
- |
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
New Starters |
1 |
- |
1 |
|
Leavers |
1 |
- |
1 |
|
Activity
code |
82990 |
|
Activity
description |
Other commercial services, n.e.c. |
|
industry
average credit rating |
68.97 |
|
Industry
average credit limit |
37727.49 |
Payment Information Summary
Total number of Invoices available 21
Total number of Invoices paid within or up to 30 days after the due
date 3
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 14
Total number of Invoices currently outstanding beyond the due date 0
|
Suspension
of payments / moratorium history |
||
|
Amount |
- |
|
|
Details |
- |
|
|
Payment
expectations |
||
|
Payment
expectation days |
- |
|
|
Day sales
outstanding |
- |
|
|
Industry
comparison |
|
|
|
Activity
code |
82990 |
|
|
Activity
description |
Other commercial services, n.e.c. |
|
|
Industry
average payment expectation days |
139.51 |
|
|
Industry
average day sales outstanding |
12908.81 |
|
|
Payment expectations |
|
|
Company result |
-- |
|
Lower |
118.21 |
|
Median |
61.04 |
|
Upper |
30.33 |
|
|
|
|
Day sales outstanding |
|
|
Company result |
- |
|
Lower |
80.37 |
|
Median |
34.36 |
|
Upper |
11.14 |
|
Summary |
|
|
Group - Number of Companies |
2 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Group Structure
|
Company name |
Number |
Latest financials |
|
C 454546354 |
30-06-2013 |
|
|
- - OPTAKARE NV |
473099682 |
30-09-2013 |
Minority Shareholders
|
Business Company name number |
% |
Date of accounts |
|
10 |
30/09/2013 |
Minority Interests
No minority interests found
|
|
||||
|
|
||||
|
Companies that match this
address |
|
|||
|
Business number |
Company name |
Date of
accounts |
|
|
|
BITAC
INVEST NV |
30/06/2014 |
|
||
|
BELGINOVA
NV |
31/12/2013 |
|
||
|
BOXTER BVBA |
30/09/2013 |
|
||
|
PROBALCO
BVBA |
31/12/2013 |
|
||
|
Summary |
|
|
Group - Number of Companies |
2 |
|
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 KARIM REDJAL
Position Managing
Director
Start Date 01/02/2010
Date of birth 04/07/1973
Street 116 ELLESTRAAT
ZWEVEGEM
Post code 8550
Country Belgium
Name OPTAKARE NV
Position Director
Start Date 08/03/2014
Date of birth 16/10/2000
Street 116 ELLESTRAAT
ZWEVEGEM
Post code 8550
Country Belgium
Position Legal
Representative
Start Date 27/09/2011
Date of birth 16/10/2000
Street 116 ELLESTRAAT
ZWEVEGEM
Post code 8550
Country Belgium
Name BOXTER BVBA
Position Director
Start Date 24/02/2010
Date of birth 16/05/1997
Street 12 DOORNIKSERIJKSWEG
KORTRIJK
Post code 8510
Country Belgium
Current mandates in other
companies
Name Optakare
NV
Business number 473099682
Position Director
Start Date 18/05/2010
Business number 473099682
Position Legal
Representative
Start Date 02/10/2006
Name Probalco
BVBA
Business number 830769168
Position Principal
Manager
Start Date 05/09/2012
Business number 830769168
Position Legal
Representative
Start Date 20/10/2010
Business number 830769168
Position Non
Statutory Partner
Start Date 20/10/2010
Former director details
Name BELGINOVA NV
Position Director
Start Date 16/02/1995
End Date 27/09/2011
Date of birth 07/04/1994
Street 12 DOORNIKSERIJKSWEG
KORTRIJK
Post code 8510
Country Belgium
Name BRIGHT INVEST NV
Position Chairman
of the Board
Start Date 16/02/1995
End Date 23/01/1997
Date of birth 28/02/1994
Street 1 PIETER
VERHAEGHESTRAAT KUURNE
Post code 8520
Country Belgium
Position Managing
Director
Start Date 12/11/1999
End Date Unknown
date
Date of birth 28/02/1994
Street 1 PIETER
VERHAEGHESTRAAT KUURNE
Post code 8520
Country Belgium
Position Director
Start Date 16/02/1995
End Date 23/01/1997
Date of birth 28/02/1994
Street 1 PIETER
VERHAEGHESTRAAT KUURNE
Post code 8520
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
|
|
1 |
Rs.93.92 |
|
Euro |
1 |
Rs.72.01 |
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.