MIRA
INFORM REPORT
|
Report No. : |
305717 |
|
Report Date : |
30.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
DOMINION DIAMOND MARKETING NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 30, 2018 Antwerpen |
|
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Country : |
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|
|
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Financials (as on) : |
31.01.2014 |
|
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|
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Date of Incorporation : |
08.04.1998 |
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|
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Com. Reg. No.: |
463100863 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler of diamonds and other Precious Stones |
|
|
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|
No of Employees : |
10 (31.01.2014) |
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 |
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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 463100863
Branche Unit Number 2086627970
Company name DOMINION DIAMOND
MARKETING NV
Address HOVENIERSSTRAAT 30
2018 ANTWERPEN
Number of staff 10 (31.01.2014)
Date of establishment 08/04/1998
Telephone number 032011090
Fax number 032130846
Commentary
|
The business was established over 16 years ago. |
|
|
|
The business has 10 employees. |
|
|
|
Number of employees in the latest trading period decreased 68% on the previous
trading period. |
|
|
|
The business has been at the address for over 12 years. |
|
|
|
Operating Result in the latest trading period increased 29% on the
previous trading period. |
|
|
|
Net Worth decreased by 52% during the latest trading period. |
|
|
|
A 34% decline in Total Assets occurred during the latest trading
period. |
|
|
|
Pre-tax profits increased by 23% compared to the previous trading
period. |
|
|
|
The business saw a decrease in their Cash Balance of 80% during the
latest trading period. |
|
|
|
Turnover in the latest trading period increased 1064% on the previous
trading period. |
|
|
Accounts
DATE OF LATEST
ACCOUNTS TURNOVER
PROFIT BEFORE TAX NET
WORTH WORKING CAPITAL
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
30/06/2011
17,781,151 4,552,298 7,181,795 5,616,751
Accounts
DATE OF LATEST
ACCOUNTS BALANCE
TOTAL NUMBER OF EMPLOYEES CAPITAL CASHFLOW
31/01/2014 8,357,748
10 275,335
2,729,572
30/06/2012 12,804,634
22 7,121,654
1,580,995
30/06/2011 12,273,396
26 7,121,654
4,582,298
TRENDS
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment expectations
Past payments Payment expectation days 7.36
Industry average payment expectation days 124.23
Industry average day sales outstanding 181.39
Day sales outstanding 5.73
Company information
Business number 463100863
Company name DOMINION DIAMOND
MARKETING NV
Fax number 032130846
Date founded 08/04/1998
Company status active
Company type Public Limited
Liability Company (BE)
Currency Euro (€)
Date of latest accounts 31/01/2014
Liable for VAT yes
Activity code 46761
Activity description Wholesaler of
diamonds and other precious stones
VAT Number BE.0463.100.863
Belgian Bullettin of Acts
Publications moniteur belge
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 10/04/2013
Event Description authority appointed
Event Details Commentaar
10-04-2013: Heeft besloten om alle bestaande volmachten die vóór 10 april
2013 werden
toegekend door de vennootschap, met ingang van vandaag in te trekken.
Company accounts
Assets
|
Annual accounts |
31-01-2014 |
% |
30-06-2012 |
% |
30-06-2011 |
% |
30-06-2010 |
% |
30-06-2009 |
||||
|
Weeks |
83 |
|
52 |
|
52 |
|
52 |
|
52 |
||||
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
||||
|
Total fixed assets |
677,375 |
-41.03 |
1,148,747 |
-26.60 |
1,565,044 |
11.86 |
1,399,147 |
-16.45 |
1,674,589 |
||||
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
-100 |
36,877 |
-91.23 |
420,546 |
||||
|
Tangible fixed assets |
676,695 |
-41.06 |
1,148,067 |
-26.59 |
1,563,864 |
14.85 |
1,361,669 |
8.64 |
1,253,343 |
||||
|
Land & building |
- |
- |
- |
- |
- |
- |
873,723 |
-9.75 |
968,085 |
||||
|
Plant & machinery |
60,896 |
-70.49 |
206,377 |
-27.82 |
285,902 |
-31.73 |
418,783 |
116 |
193,320 |
||||
|
Furniture & Vehicles |
604 |
-90.78 |
6,546 |
-84.48 |
42,180 |
-39.01 |
69,164 |
-24.77 |
91,938 |
||||
|
Other tangible assets |
615,195 |
-34.21 |
935,144 |
-24.33 |
1,235,782 |
- |
0 |
- |
0 |
||||
|
Financial fixed assets |
680 |
0 |
680 |
-42.37 |
1,180 |
96.67 |
600 |
-14.29 |
700 |
||||
|
Total current assets |
7,680,373 |
-34.11 |
11,655,886 |
8.85 |
10,708,352 |
62.83 |
6,576,578 |
-61.05 |
16,885,165 |
||||
|
Inventories |
1,656,685 |
- |
- |
- |
- |
- |
- |
- |
- |
||||
|
Finished Goods |
1,656,685 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
||||
|
Trade Debtors |
2,968,123 |
3.23 |
2,875,381 |
-37.61 |
4,608,909 |
164 |
1,743,072 |
-86.35 |
12,767,662 |
||||
|
Other amounts receivable |
1,241,221 |
920 |
121,577 |
42.84 |
85,112 |
20.88 |
70,413 |
-97.42 |
2,727,099 |
||||
|
Cash |
1,661,844 |
-80.81 |
8,658,929 |
46.16 |
5,924,480 |
25.91 |
4,705,307 |
255 |
1,322,178 |
||||
|
Miscellaneous current assets |
152,500 |
--- |
0 |
-100 |
89,851 |
55.49 |
57,786 |
-15.30 |
68,225 |
||||
|
Total assets |
8,357,748 |
-34.73 |
12,804,634 |
4.33 |
12,273,396 |
53.88 |
7,975,724 |
-57.03 |
18,559,754 |
||||
|
Liabilities |
|
|
|
|
|
|
|
|
|
||||
|
Total
shareholders equity |
3,995,495 |
-52.82 |
8,468,593 |
17.92 |
7,181,795 |
138 |
3,007,741 |
62.52 |
1,850,717 |
||||
|
Issued
share capital |
275,335 |
-96.13 |
7,121,654 |
0 |
7,121,654 |
0 |
7,121,654 |
0 |
7,121,654 |
||||
|
Reserves |
3,720,160 |
176 |
1,346,939 |
2139 |
60,141 |
1.46 |
-4,113,914 |
78.05 |
-5,270,937 |
||||
|
Creditors |
4,362,253 |
0.60 |
4,336,041 |
-14.84 |
5,091,601 |
2.49 |
4,967,984 |
-70.27 |
16,709,037 |
||||
|
Trade
creditors |
3,757,258 |
87.17 |
2,007,428 |
22.85 |
1,634,097 |
23.50 |
1,323,177 |
-89.47 |
12,571,471 |
||||
|
Amounts
Payable for Taxes, Remuneration & Social Security |
576,695 |
-71.77 |
2,042,599 |
17.86 |
1,733,129 |
-44.66 |
3,131,859 |
125 |
1,387,367 |
||||
|
Miscellaneous
current liabilities |
28,300 |
-90.11 |
286,014 |
-83.41 |
1,724,374 |
236 |
512,948 |
-81.35 |
2,750,198 |
||||
|
Total
current liabilities |
4,362,253 |
0.60 |
4,336,041 |
-14.84 |
5,091,601 |
2.49 |
4,967,984 |
-70.27 |
16,709,037 |
||||
|
Total
Liabilities |
8,357,748 |
-34.73 |
12,804,634 |
4.33 |
12,273,396 |
53.88 |
7,975,724 |
-57.03 |
18,559,754 |
||||
Ratio Analysis
|
TRADING
PERFORMANCE |
||||||||||
|
Profit
Before Tax |
1.70 |
-89.41 |
16.06 |
-37.27 |
25.60 |
256 |
7.18 |
182 |
-3.94 |
|
|
Return
on capital employed |
80.62 |
161 |
30.79 |
-51.43 |
63.39 |
64.61 |
38.51 |
111 |
-34.57 |
|
|
Return
on total assets employed |
38.54 |
89.20 |
20.37 |
-45.08 |
37.09 |
155 |
14.52 |
420 |
-3.45 |
|
|
Return
on net assets employed |
80.62 |
161 |
30.79 |
-51.43 |
63.39 |
64.61 |
38.51 |
111 |
-34.57 |
|
|
Sales
/ net working capital |
56.98 |
2466 |
2.22 |
-29.97 |
3.17 |
-68.39 |
10.03 |
-89.13 |
92.25 |
|
|
Stock
turnover ratio |
0.88 |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Creditor
days |
7.36 |
-85.87 |
52.10 |
12.14 |
46.46 |
43.09 |
32.47 |
-87.81 |
266.27 |
|
|
Debtor days |
5.73 |
-91.14 |
64.64 |
-31.68 |
94.61 |
139 |
39.43 |
-86.25 |
286.83 |
|
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.76 |
-34.57 |
2.69 |
28.10 |
2.10 |
59.09 |
1.32 |
30.69 |
1.01 |
|
|
Liquidity ratio / acid ratio |
1.38 |
-48.70 |
2.69 |
28.10 |
2.10 |
59.09 |
1.32 |
30.69 |
1.01 |
|
|
Current debt ratio |
1.09 |
113 |
0.51 |
-28.17 |
0.71 |
-56.97 |
1.65 |
-81.73 |
9.03 |
|
|
Cashflow |
2,729,572 |
72.65 |
1,580,995 |
-65.50 |
4,582,298 |
152 |
1,813,385 |
215 |
574,429 |
|
|
Net worth |
3,995,495 |
-52.82 |
8,468,593 |
17.92 |
7,181,795 |
141 |
2,970,863 |
107 |
1,430,171 |
|
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
|
Equity in percentage |
47.81 |
-27.71 |
66.14 |
13.02 |
58.52 |
54.45 |
37.89 |
271 |
10.20 |
|
|
Total debt ratio |
1.09 |
113 |
0.51 |
-28.17 |
0.71 |
-56.97 |
1.65 |
-81.73 |
9.03 |
|
|
Working capital |
3,318,120 |
-54.67 |
7,319,845 |
30.32 |
5,616,751 |
249 |
1,608,594 |
813 |
176,128 |
|
Profit & Loss
|
Annual accounts |
31-01-2014 |
% |
30-06-2012 |
% |
30-06-2011 |
% |
30-06-2010 |
% |
30-06-2009 |
|
Weeks |
83 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Operating Income |
190,219,300 |
1055 |
16,463,268 |
-8.11 |
17,916,880 |
9.93 |
16,298,515 |
-0.77 |
16,424,355 |
|
Turnover |
189,049,935 |
1064 |
16,235,830 |
-8.69 |
17,781,151 |
10.21 |
16,133,849 |
-0.70 |
16,247,133 |
|
Total operating expenses |
186,246,408 |
1224 |
14,063,575 |
9.54 |
12,838,605 |
-13.69 |
14,875,001 |
-13.68 |
17,232,582 |
|
Operating Charges |
187,415,772 |
1211 |
14,291,014 |
10.15 |
12,974,334 |
-13.73 |
15,039,667 |
-13.61 |
17,409,804 |
|
Employee costs |
10,101,837 |
99 |
5,061,005 |
-3.88 |
5,265,412 |
-24.60 |
6,982,882 |
-1.17 |
7,065,515 |
|
Wages and salary |
7,215,619 |
89.02 |
3,817,468 |
-7.61 |
4,132,078 |
-28.41 |
5,772,216 |
7.45 |
5,372,019 |
|
Social security contributions |
2,072,975 |
152 |
820,213 |
3.49 |
792,527 |
-2.76 |
815,029 |
-33.34 |
1,222,593 |
|
Other employee costs |
813,243 |
92.11 |
423,324 |
24.21 |
340,807 |
-13.86 |
395,637 |
-15.98 |
470,903 |
|
Amortization and depreciation |
356,351 |
21.13 |
294,198 |
-27.94 |
408,243 |
-37.80 |
656,361 |
-46.16 |
1,219,041 |
|
Operating result |
2,803,527 |
29.06 |
2,172,254 |
-56.05 |
4,942,546 |
292 |
1,258,848 |
127 |
-985,450 |
|
Total financial income |
2,207,794 |
67.56 |
1,317,640 |
103 |
647,850 |
21.46 |
533,392 |
-21.03 |
675,424 |
|
Total financial expenses |
1,790,113 |
102 |
882,076 |
-15.03 |
1,038,098 |
63.75 |
633,972 |
92.24 |
329,778 |
|
Results on ordinary operations before
taxation |
3,221,208 |
23.52 |
2,607,818 |
-42.71 |
4,552,298 |
293 |
1,158,267 |
181 |
-639,804 |
|
Extraordinary Income |
- |
- |
- |
- |
38,356 |
- |
- |
- |
- |
|
Extraordinary Charges |
132,590 |
-25.50 |
177,971 |
- |
- |
- |
- |
- |
4,495 |
|
Extraordinary items |
-132,590 |
74.50 |
-177,971 |
-564 |
38,356 |
- |
0 |
0 |
-4,495 |
|
Results for the Year Before Taxation |
3,088,618 |
27.11 |
2,429,848 |
-47.07 |
4,590,654 |
296 |
1,158,267 |
179 |
-644,298 |
|
Taxation |
715,397 |
-37.41 |
1143050 |
174 |
416599 |
33390 |
1244 |
295 |
314 |
|
Results on ordinary operations after
taxation |
2,505,811 |
71.07 |
1,464,768 |
-64.58 |
4,135,699 |
257 |
1,157,023 |
180 |
-640,118 |
|
Net result |
2,373,221 |
84.43 |
1,286,797 |
-69.17 |
4,174,055 |
260 |
1,157,023 |
179 |
-644,613 |
|
Profit (Loss) for the year to be
appropriated |
2,373,221 |
84.43 |
1,286,797 |
-69.17 |
4,174,055 |
260 |
1,157,023 |
179 |
-644,613 |
Social Balance Sheet Details
|
Social Balance
Sheet Details |
|
|
|
|
|
Social Balance Sheet |
Total |
|
|
|
|
During the reporting year ended 31-01-2014 |
|
|||
|
Full-time Employees |
14 |
|
|
|
|
Part-time Employees |
4 |
|
|
|
|
Total Fte Employees |
17 |
|
|
|
|
Number of hours worked |
|
|
|
|
|
Full-time Employees |
34,183 |
|
|
|
|
Part-time Employees |
8,001 |
|
|
|
|
Total |
42,184 |
|
|
|
|
|
|
|||
|
Personnel Charges |
|
|||
|
Full-time Employees |
8,185,938 |
|
|
|
|
Part-time Employees |
1,915,899 |
|
|
|
|
Total |
10,101,837 |
|
|
|
|
Benefits In Addition To Wages |
- |
|
|
|
|
|
|
|||
|
During the previous reporting year |
|
|||
|
Average number employees in Fte |
24 |
|
|
|
|
Actual working hours |
35,312 |
|
|
|
|
Personnel Charges |
5,061,005 |
|
|
|
|
Benefits In Addition To Wages |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited Duration Contracts |
7 |
1 |
8 |
|
|
Gender and
Education |
|
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Higher education (non |
3 |
- |
3 |
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Higher education (non |
4 |
1 |
5 |
|
|
university) |
|
|
|
|
|
|
|
|
|
|
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
|
White collar worker |
7 |
1 |
8 |
|
|
|
||||
|
Temporary personnel |
|
Total |
|
|
|
Average number of temporary staff |
1 |
|
|
|
|
Actual working hours |
|
3,511 |
|
|
|
Cost of temporary staff |
|
101,562 |
|
|
|
|
|
|
|
|
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New Starters |
14 |
5 |
18 |
|
|
Leavers |
22 |
10 |
30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total of formal
continuing vocational training initiatives for workers paid by the employer |
Male |
Female |
|
|
|
Number of employees |
- |
1 |
|
|
|
Number of training hours |
- |
217 |
|
|
|
Net costs for enterprise |
- |
6,340 |
|
|
Payment expectations
|
Payment
expectation days |
7.36 |
|
|
Day sales
outstanding |
5.73 |
|
Industry comparison
|
Activity code |
46761 |
|
Activity
description |
Wholesaler of diamonds and other precious
stones |
|
Industry average
payment expectation days |
124.23 |
|
Industry average
day sales outstanding |
181.39 |
Industry quartile analysis
Payment expectations
Company result 7.36
Lower 120.76
Median 74.93
Upper 46.53
Day sales outstanding
Company result 5.73
Lower 102.27
Median 54.07
Upper 24.18
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
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 |
DALAL B. HARSH |
|
|
Position |
Managing Director |
|
|
Start Date |
26/06/2013 |
|
|
Street |
23 VAN EYCKLEI ANTWERPEN |
|
|
Post code |
2018 |
|
|
Country |
Belgium |
|
|
Position |
Director |
|
|
Start Date |
25/06/2013 |
|
|
Street |
23 VAN EYCKLEI ANTWERPEN |
|
|
Post code |
2018 |
|
|
Country |
Belgium |
|
|
Position |
Vice Chairperson |
|
|
Start Date |
26/06/2013 |
|
|
Street |
23 VAN EYCKLEI ANTWERPEN |
|
|
Post code |
2018 |
|
|
Country |
Belgium |
|
|
Name |
HARSH B DALAL |
|
|
Position |
Managing Director |
|
|
Start Date |
25/06/2013 |
|
|
End Date |
15/06/2019 |
|
|
Street |
23 VAN EYCKLEI ANTWERPEN |
|
|
Post code |
2000 |
|
|
Country |
Belgium |
|
|
Name |
IAN ROSE |
|
|
Position |
Managing Director |
|
|
Start Date |
27/09/2000 |
|
|
Street |
145 HOOGBOOMSTEENWEG BRASSCHAAT |
|
|
Post code |
2930 |
|
|
Country |
Belgium |
|
|
Name |
ROBERT A. GANNICOTT |
|
|
Position |
Chairman of the Board |
|
|
Start Date |
10/04/2013 |
|
|
Country |
Canada |
|
|
Position |
Managing Director |
|
|
Start Date |
10/04/2013 |
|
|
End Date |
15/06/2019 |
|
|
Country |
Canada |
|
Position Director
Start Date 10/04/2013
Country Canada
Name JAMES RICHARD
ROTHWELL
Position Director
Start Date 30/03/1998
Street 1630 WESTERN PARKWAY,
VANCOUVER
Country Canada
Name JAMES R.W. POUND
Position Managing Director
Start Date 10/04/2013
End Date 15/06/2019
Street 20 WIMBLEHURST
ROAD
Country United Kingdom
Name JAMES R. W. POUNDS
Position Managing Director
Start Date 26/06/2013
Country United Kingdom
Position Director
Start Date 10/04/2013
Country United Kingdom
Position Vice Chairperson
Start Date 10/04/2013
Country United Kingdom
Former Director
Details
Name ANTON VAN
BROUWERSHAVEN
Position Director
Start Date 01/01/2008
End Date Unknown date
Street 25 TORFHEIDEDREEF
SCHILDE
Post code 2970
Country Belgium
Name CHRISTOPHER JOHN
RYDER
Position Managing Director
Start Date 20/12/2007
End Date 03/10/2011
Street 110 MCINTOSHSTREET
Post code S7T 0A8
Country Canada
Position Director
Start Date 30/06/2006
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
Country The Netherlands
Position Director
Start Date 27/06/2005
End Date Unknown date
Country The Netherlands
Name JACOBUS STRAUSS
Position Director
Start Date 15/10/2003
End Date Unknown date
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
|
UK Pound |
1 |
Rs.93.12 |
|
Euro |
1 |
Rs.69.33 |
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.