MIRA INFORM REPORT
|
Report No. : |
304917 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SZWARCBURT DIAMOND TRADING COMPANY BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 2-Bus 117, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
26.04.2000 |
|
|
|
|
Com. Reg. No.: |
471781274 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of diamonds and
Other Precious Stones |
|
|
|
|
No of Employees : |
02 (31.12.2013) |
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 |
Company
summary
Business number 471781274
Branche Unit Number 2099554607
Company name SZWARCBURT DIAMOND
TRADINGCOMPANY BVBA
Address HOVENIERSSTRAAT
2-BUS 117
2018 ANTWERPEN
Number of staff 02
(31.12.2013)
Date of establishment 26/04/2000
Telephone number 032267027
Fax number 032262124
Ultimate
holding company
Company name Company
Number
Szwarcburt Diamond Trading company BVBA 471781274
Commentary
|
The business was established over 14 years ago. |
|
|
The business has 2 employees. |
|
|
The business is part of a group. |
|
|
This business has a foreign parent business. |
|
|
The business has been at the address for over 12 years. |
|
|
Operating Result in the latest trading period decreased 79% on the
previous trading period. |
|
|
Net Worth increased by 239% during the latest trading period. |
|
|
Pre-tax profits decreased by 88% compared to the previous trading
period. |
|
|
The business saw a decrease in their Cash Balance of 63% during the
latest trading period. |
|
Accounts
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2013 |
11,960,596 |
34,726 |
638,283 |
382,979 |
|
31/12/2012 |
14,142,276 |
304,448 |
188,009 |
-124,044 |
|
31/12/2011 |
15,647,083 |
101,923 |
459,680 |
168,212 |
Accounts
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
3,350,913 |
2 |
300,000 |
39,873 |
|
31/12/2012 |
3,211,659 |
2 |
18,600 |
213,236 |
|
31/12/2011 |
3,091,722 |
1 |
18,600 |
42,554 |
TRENDS
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment
expectations
Past payments Payment expectation days 68.83
Industry average payment expectation days 124.18
Industry average day sales outstanding 181.50
Day sales
outstanding 66.79
Company
information
Business number 471781274
Company name SZWARCBURT DIAMOND
TRADING COMPANY BVBA
Fax number 032262124
Date founded 26/04/2000
Company status active
Company type Private Limited
Company (BL/LX)
Currency Euro (€)
Date of latest accounts 31/12/2013
Activity code 46761
Activity description Wholesaler of
diamonds and other precious stones
VAT Number BE.0471.781.274
Liable for VAT yes
Belgian Bullettin of Acts
Publications moniteur belge
Joint
Industrial Committee
(JIC)
|
JIC Code |
218 |
|
Description category |
Additional national joint committee for
the employees |
Significant
Events
|
Event Date |
27/12/2013 |
|
Event Details |
De nieuwe 1438 aandelen worden toegekend aan: Armand Swarcburt 1395 aantal aandelen en Michele Susskind 43 aantal aandelen. |
Company
accounts
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 |
355,305 |
-13.77 |
412,053 |
1.38 |
406,450 |
-27.21 |
558,423 |
-2.94 |
575,362 |
|||
|
Tangible fixed assets |
354,770 |
-4.06 |
369,783 |
1.54 |
364,181 |
-5.69 |
386,153 |
-4.20 |
403,093 |
|||
|
Land & building |
335,717 |
-2.23 |
343,377 |
-2.18 |
351,036 |
-2.14 |
358,696 |
-2.09 |
366,356 |
|||
|
Plant & machinery |
6,681 |
19.84 |
5,575 |
719 |
680 |
-33.33 |
1,020 |
-41.66 |
1,748 |
|||
|
Furniture & Vehicles |
11,032 |
-41.89 |
18,986 |
61.40 |
11,763 |
-53.98 |
25,560 |
-24.68 |
33,936 |
|||
|
Other tangible assets |
1,341 |
-27.38 |
1,847 |
163 |
702 |
-20.0 |
878 |
-16.67 |
1,053 |
|||
|
Financial fixed assets |
534 |
-98.74 |
42,270 |
0.00 |
42,270 |
-75.46 |
172,270 |
0 |
172,270 |
|||
|
Total current assets |
2,995,608 |
7.00 |
2,799,607 |
4.26 |
2,685,272 |
48.75 |
1,805,219 |
-6.35 |
1,927,522 |
|||
|
Inventories |
558,471 |
46.24 |
381,892 |
-37.74 |
613,339 |
0.34 |
611,241 |
-6.05 |
650,601 |
|||
|
Other stocks |
558,471 |
46.24 |
381,892 |
-37.74 |
613,339 |
0.34 |
611,241 |
-6.05 |
650,601 |
|||
|
Trade debtors |
2,188,471 |
17.52 |
1,862,227 |
4.29 |
1,785,703 |
66.18 |
1,074,561 |
30.08 |
826,048 |
|||
|
Other amounts receivable |
15,894 |
45.58 |
10,918 |
-24.77 |
14,513 |
-57.61 |
34,238 |
3.31 |
33,140 |
|||
|
Cash |
197,233 |
-63.69 |
543,148 |
100 |
271,246 |
218 |
85,179 |
-79.18 |
409,165 |
|||
|
Miscellaneous Current assets |
35,540 |
2400 |
1421 |
201 |
471 |
--- |
0 |
-100 |
8568 |
|||
|
Total assets |
3,350,913 |
4.34 |
3,211,659 |
3.88 |
3,091,722 |
30.80 |
2,363,642 |
-5.56 |
2,502,885 |
|||
|
Liabilities |
|
|
|
|
|
|
|
|
|
|||
|
Total shareholders equity |
638,283 |
239 |
188,009 |
-59.10 |
459,680 |
4.69 |
439,098 |
10.96 |
395,731 |
|||
|
Issued share capital |
300,000 |
1512 |
18,600 |
0 |
18,600 |
0 |
18,600 |
0 |
18,600 |
|||
|
Revaluation reserve |
142,000 |
0 |
142,000 |
0 |
142,000 |
0 |
142,000 |
0 |
142,000 |
|||
|
Reserves |
196,283 |
616 |
27,409 |
-90.84 |
299,080 |
7.39 |
278,498 |
18.44 |
235,131 |
|||
|
Creditors |
2,712,630 |
-10.29 |
3,023,651 |
14.88 |
2,632,042 |
36.76 |
1,924,544 |
-8.67 |
2,107,153 |
|||
|
Other long term loans |
100,000 |
0 |
100,000 |
-13.03 |
114,982 |
-22.02 |
147,452 |
-18.98 |
181,999 |
|||
|
Total long term debts |
100,000 |
0 |
100,000 |
-13.03 |
114,982 |
-22.02 |
147,452 |
-18.98 |
181,999 |
|||
|
Current portion of long term debt |
- |
- |
17,718 |
-48.39 |
34,330 |
-5.70 |
36,406 |
-7.07 |
39,177 |
|||
|
Financial debts |
37,241 |
- |
- |
- |
- |
- |
378,118 |
33.24 |
283,793 |
|||
|
Trade creditors |
2,242,469 |
8.36 |
2,069,529 |
-12.49 |
2,364,883 |
79.87 |
1,314,783 |
-15.92 |
1,563,654 |
|||
|
Amounts Payable for Taxes, Remuneration
& Social Security |
179,157 |
-24.95 |
238,713 |
151 |
95,014 |
375 |
19,967 |
27.04 |
15,717 |
|||
|
Miscellaneous current liabilities |
153,763 |
-74.27 |
597,691 |
2517 |
22,833 |
-17.92 |
27,817 |
21.93 |
22,814 |
|||
|
Total current liabilities |
2,612,630 |
-10.64 |
2,923,651 |
16.15 |
2,517,060 |
41.64 |
1,777,091 |
-7.69 |
1,925,154 |
|||
|
Total Liabilities |
3,350,913 |
4.34 |
3,211,659 |
3.88 |
3,091,722 |
30.80 |
2,363,642 |
-5.56 |
2,502,885 |
|||
Ratio Analysis
|
TRADING PERFORMANCE |
|||||||||
|
Profit
Before Tax |
0.29 |
-86.51 |
2.15 |
230 |
0.65 |
12.07 |
0.58 |
58.00 |
-1.00 |
|
Return
on capital employed |
4.70 |
-95.55 |
105.71 |
495 |
17.74 |
140 |
7.39 |
84.55 |
-8.74 |
|
Return
on total assets employed |
1.04 |
-89.03 |
9.48 |
187 |
3.30 |
80.33 |
1.83 |
90.59 |
-2.02 |
|
Return
on net assets employed |
5.44 |
-96.64 |
161.93 |
630 |
22.17 |
124 |
9.88 |
77.43 |
-12.76 |
|
Sales
/ net working capital |
31.23 |
27.39 |
-114.01 |
-222 |
93.02 |
-65.15 |
266.94 |
-87.50 |
2,135.50 |
|
Stock
turnover ratio |
4.67 |
72.96 |
2.70 |
-31.12 |
3.92 |
-51.84 |
8.14 |
-36.70 |
12.86 |
|
Creditor
days |
68.83 |
25.81 |
54.71 |
-1.76 |
55.69 |
-14.03 |
64.78 |
-42.57 |
112.80 |
|
Debtor
days |
66.79 |
38.97 |
48.06 |
15.36 |
41.66 |
-20.25 |
52.24 |
-12.38 |
59.62 |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current
ratio |
1.15 |
19.79 |
0.96 |
-10.28 |
1.07 |
4.90 |
1.02 |
2.00 |
1.00 |
|
Liquidity
ratio / acid ratio |
0.93 |
12.05 |
0.83 |
1.22 |
0.82 |
22.39 |
0.67 |
1.52 |
0.66 |
|
Current
debt ratio |
4.09 |
-73.70 |
15.55 |
183 |
5.48 |
35.31 |
4.05 |
-16.67 |
4.86 |
|
Cashflow |
39,873 |
-81.30 |
213,236 |
401 |
42,554 |
-35.38 |
65,854 |
218 |
-30,208 |
|
Net
worth |
638,283 |
239 |
188,009 |
-59.10 |
459,680 |
4.69 |
439,098 |
10.96 |
395,731 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
21.50 |
-65.66 |
62.61 |
92.76 |
32.48 |
-74.62 |
127.98 |
0.30 |
127.60 |
|
Equity
in percentage |
19.05 |
225 |
5.85 |
-60.66 |
14.87 |
-19.97 |
18.58 |
17.52 |
15.81 |
|
Total
debt ratio |
4.25 |
-73.57 |
16.08 |
180 |
5.73 |
30.82 |
4.38 |
-17.67 |
5.32 |
|
Working
Capital |
382,979 |
308 |
-124,044 |
-173 |
168,212 |
498 |
28,128 |
1,087 |
2,368 |
Profit & Loss
|
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 |
|
Turnover |
1,1960,596 |
-15.43 |
14,142,276 |
-9.62 |
15,657,083 |
108 |
7,508,475 |
48.46 |
5,057,522 |
|
Total Operating
Expense |
1,1891,471 |
-13.87 |
13,806,692 |
-10.93 |
15,500,779 |
109 |
7,407,833 |
46.41 |
5,059,481 |
|
Gross Operating
Margin |
188,082 |
-57.11 |
438,535 |
20.92 |
362,673 |
48.63 |
244,003 |
56.17 |
156,245 |
|
Employees Costs |
87,806 |
21.53 |
72,252 |
25.92 |
57,381 |
-50.39 |
115,662 |
-11.80 |
131,134 |
|
Wages &
Salary |
72,233 |
19.65 |
60,372 |
30.74 |
46,178 |
-49.61 |
91,633 |
-3.65 |
85,106 |
|
Social security
Contribution |
13,511 |
49.62 |
9,030 |
16.13 |
7,776 |
-62.64 |
20,813 |
-36.87 |
32,969 |
|
Other Employees
Costs |
2,062 |
-27.65 |
2,851 |
-16.82 |
327 |
6.56 |
3,216 |
5.12 |
3,059 |
|
Amortization
& Depreciation |
19,876 |
-20.20 |
24,907 |
13.36 |
21,972 |
-2.29 |
22,487 |
4.03 |
21,617 |
|
Operating result |
69,125 |
-79.40 |
335,584 |
129 |
146,304 |
45.37 |
100,642 |
5139 |
-1,958 |
|
Total financial
income |
931 |
4380 |
21 |
-99 |
9,796 |
4674 |
205 |
127 |
90 |
|
Total financial
expenses |
35,329 |
13.39 |
31,157 |
-42.49 |
54,177 |
-5.75 |
57,480 |
18.24 |
48,613 |
|
Results on
ordinary operations |
34,726 |
-88.59 |
304,448 |
198 |
101,923 |
135 |
43,367 |
85.91 |
-50,481 |
|
Results for the
year Before Taxation |
34,726 |
-88.59 |
304,448 |
198 |
101,923 |
135 |
43,367 |
85.91 |
-50,481 |
|
Taxation |
14,730 |
-87.31 |
116,119 |
42.76 |
81,341 |
---- |
---- |
---- |
1,344 |
|
Result on ordinary
Operations after taxation |
19,997 |
-89.38 |
188,329 |
815 |
20,582 |
-52.54 |
43,367 |
83.68 |
-51,825 |
|
Net result |
19,997 |
-89.38 |
188,329 |
815 |
20,582 |
-52.54 |
43,367 |
83.68 |
-51,825 |
|
Profit (Loss) for
the year to be appropriated |
19,997 |
-89.38 |
188,329 |
815 |
20,582 |
-52.54 |
43,367 |
83.68 |
-51,825 |
|
Dividends |
--- |
--- |
460,000 |
---- |
---- |
---- |
---- |
---- |
---- |
Social
Balance Sheet Details
|
Social Balance
Sheet |
Total |
|
|
|
|
During the reporting
year ended 31-12-2013 |
|
|
|
|
|
Full-time
Employees |
2 |
|
||
|
Part-time
Employees |
- |
|
|
|
|
Total Fte
Employees |
2 |
|
|
|
|
|
||||
|
Number of hours worked |
||||
|
Full-time Employees |
3,484 |
|
|
|
|
Total |
3,484 |
|
|
|
|
|
||||
|
Personnel Charges |
||||
|
Full-time Employees |
87,806 |
|
|
|
|
Total |
87,806 |
|
|
|
|
During the previous reporting year |
||||
|
Average number employees in Fte |
2 |
|
|
|
|
Actual working hours |
3,494 |
|
|
|
|
Personnel Charges |
72,252 |
|
|
|
|
Benefits In Addition To Wages - |
||||
|
Type of Contract
|
Full Time |
Part Time |
Total Fte |
|
|
Unlimited Duration Contracts |
2 |
--- |
2 |
|
|
|
||||
|
Gender and
Education |
|
|
|
|
|
Level |
|
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Secondary education |
1 |
- |
1 |
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Secondary education |
1 |
- |
1 |
|
|
|
||||
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
|
White collar worker |
2 |
- |
2 |
|
Total of formal continuing vocational training initiatives
for workers paid by the employer Male Female
Net costs for enterprise 85
76
Payment expectations
Payment expectation days
68.83
Day sales outstanding 66.79
Industry comparison
Activity code 46761
Activity description Wholesale of diamonds and other precious stones
Industry average payment
expectation days 124.18
Industry average day sales
outstanding 181.50
Industry quartile analysis
Payment expectations
Company result 68.83
Lower 120.76
Median 74.63
Upper 45.88
Day sales outstanding
Company result 66.79
Lower 102.27
Median 53.69
Upper 24.18
Group
Structure
|
Company name |
|
Number |
Latest
financials |
|
SZWARCBURT
DIAMOND TRADINGCOMPANY BVBA |
471781274 |
31-12-2013 |
|
|
DIAMOND DEVELOPMENT CORPORATION BVBA |
432746989 |
31-12-2012 |
|
Minority
Shareholders
No minority
shareholders found
Minority
Interests
No minority interests found
Individual
Shareholders
|
SHAREHOLDER NAME |
|||||
|
Forename |
Michele |
|
|
|
|
|
Surname SHAREHOLDER
DETAILS |
Susskind |
|
|
|
|
|
Start date SHAREHOLDER
ADDRESS |
29/01/2014(estimated) |
|
|
|
|
|
Street name |
Glimwormenlaan |
House number |
|
18 |
|
|
Minor town Post code |
Watermaal-Bosvoorde 1170 |
Postal town
Country |
|
Brussel Belgium |
|
|
SHAREHOLDER NAME |
|||||
|
Forename |
Armand |
|
|
|
|
|
Surname |
Szwarcburt |
|
|
|
|
|
SHAREHOLDER
DETAILS |
|||||
|
Start date |
29/01/2014(estimated) |
|
|
|
|
|
SHAREHOLDER
ADDRESS |
|
|
|
|
|
|
Street name |
Glimwormenlaan |
House number |
|
18 |
|
|
Minor town |
Watermaal-Bosvoorde |
Postal town |
|
Brussel |
|
|
Post code |
1170 |
Country |
|
Belgium |
|
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
Name MICHELE
SUSSKIND
Position Principal Manager
Start Date 14/08/2010
Street 18 GLIMWORMENLAAN BRUSSEL
Post code 1170
Country Belgium
Name MICHÈLE SÜSSKIND
Position Principal Manager
Start Date 01/07/2006
Street 18 GLIMWORMENLAAN BRUSSEL
Post code 1170
Country Belgium
Name ARMAND SZWARCBURT
Position Principal Manager
Start Date 14/08/2010
Street 18 GLIMWORMENLAAN BRUSSEL
Post code 1170
Country Belgium
Position Non Statutory Partner
Start Date 26/04/2000
Street 18 GLIMWORMENLAAN BRUSSEL
Post code 1170
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.61.50 |
|
UK Pound |
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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.