|
Report No. : |
331062 |
|
Report Date : |
13.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
RISING STAR BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 2-Bus 310, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
09.03.2005 |
|
|
|
|
Com. Reg. No.: |
872384247 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of Diamonds and Other Precious Stones. |
|
|
|
|
No. of Employees : |
01 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 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 an
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 |
Business number 872384247
Branche Unit Number 2146115496
Company name RISING STAR BVBA
Address HOVENIERSSTRAAT
2-BUS 310, 2018 ANTWERPEN
Number of staff 1
Date of establishment 09/03/2005
Telephone number 032132077
Fax number 032132078
ACCOUNTS
|
DATE OF
LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2012 |
61,976,350 |
96,162 |
2,389,019 |
3,009,792 |
|
31/12/2011 |
29,612,836 |
52,158 |
1,784,868 |
1,355,563 |
|
31/12/2010 |
23,863,755 |
47,014 |
1,679,178 |
1,519,223 |
|
|
|
|
|
|
|
ACCOUNTS |
|
|
|
|
|
DATE OF
LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
16,627,551 |
1 |
2,026,795 |
120,511 |
|
31/12/2011 |
6,706,371 |
1 |
1,566,510 |
71,986 |
|
31/12/2010 |
6,171,262 |
1 |
1,516,853 |
48,734 |
Payment
expectations
|
||||
|
Past payments |
|
Payment expectation days |
50.02 |
|
|
Industry average payment expectation days |
103.11 |
Industry
average day sales outstanding |
181.54 |
|
|
Day sales outstanding |
86.90 |
|
|
|
|
BANKRUPTCY DETAILS |
||||
|
Court action type |
no |
|
|
|
|
PROTESTED BILLS |
||||
|
Bill amount |
||||
|
NSSO DETAILS |
||||
|
Date of summons |
-- |
|
|
|
|
Business number |
872384247 |
Company name |
RISING
STAR BVBA |
|
Fax number |
032132078 |
Date founded |
09/03/2005 |
|
Company
status |
active |
Company type |
Private
Limited Company (BL/LX) |
|
Currency |
Euro (€) |
Date of
latest accounts |
31/12/2012 |
|
Activity code |
46761 |
Liable
for VAT |
yes |
|
Activity
description |
Wholesale
of diamonds and other precious stones |
VAT Number |
BE.0872.384.247
Check VAT number |
|
Belgian
Bullettin of Acts |
moniteur
belge |
|
|
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
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
% |
31-12-2008 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total
fixed assets |
623,338 |
-1.52 |
632,939 |
29.63 |
488,255 |
258 |
136,258 |
-4.17 |
142,189 |
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible
fixed assets |
623,338 |
-1.52 |
632,939 |
29.63 |
488,255 |
258 |
136,258 |
-4.17 |
142,189 |
|
Land
& building |
442,807 |
-8.85 |
485,802 |
1.01 |
480,938 |
280 |
126,461 |
-1.89 |
128,894 |
|
Plant
& machinery |
141,569 |
34.31 |
105,404 |
5061 |
2,042 |
-24.75 |
2,714 |
-32.46 |
4,018 |
|
Furniture
& Vehicles |
5,035 |
-36.09 |
7,878 |
49.35 |
5,275 |
-25.54 |
7,084 |
-23.63 |
9,276 |
|
Leasing
& Other Similar Rights |
33,927 |
0.21 |
33,855 |
- |
- |
- |
- |
- |
- |
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
-100 |
1 |
|
Financial
fixed assets |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Total
current assets |
16,004,213 |
163 |
6,073,432 |
6.87 |
5,683,007 |
27.25 |
4,465,953 |
-22.76 |
5,781,792 |
|
Inventories |
619,115 |
1356 |
42,505 |
-68.37 |
134,367 |
-75.19 |
541,632 |
-50.97 |
1,104,697 |
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work
in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished
goods |
619,115 |
1356 |
42,505 |
-68.37 |
134,367 |
-75.19 |
541,632 |
-50.97 |
1,104,697 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade
debtors |
14,755,582 |
145 |
6,010,746 |
9.33 |
5,497,678 |
40.84 |
3,903,402 |
-14.52 |
4,566,601 |
|
Other
amounts receivable |
6,905 |
0.46 |
6,873 |
452 |
1,244 |
-65.47 |
3,602 |
112 |
1,693 |
|
Cash |
620,544 |
4827 |
12,594 |
-74.61 |
49,602 |
188 |
17,201 |
-84.17 |
108,668 |
|
Miscellaneous
current assets |
2,068 |
189 |
714 |
515 |
116 |
-0.57 |
117 |
-11.62 |
132 |
|
Total
Assets |
16,627,551 |
147 |
6,706,371 |
8.67 |
6,171,262 |
34.09 |
4,602,212 |
-22.31 |
5,923,981 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total
shareholders equity |
2,389,019 |
33.85 |
1,784,868 |
6.29 |
1,679,178 |
1184 |
130,738 |
25.03 |
104,568 |
|
Issued
share capital |
2,026,795 |
29.38 |
1,566,510 |
3.27 |
1,516,853 |
8055 |
18,600 |
0 |
18,600 |
|
Share
premium account |
- |
- |
- |
- |
- |
|
- |
- |
- |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
|
- |
- |
- |
|
Reserves |
362,224 |
65.89 |
218,358 |
34.52 |
162,325 |
44.75 |
112,138 |
30.44 |
85,968 |
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered
taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
14,238,531 |
189 |
4,921,503 |
9.56 |
4,492,084 |
0.46 |
4,471,473 |
-23.16 |
5,819,413 |
|
Other long term loans |
1,244,110 |
510 |
203,634 |
-37.97 |
328,300 |
226 |
100,459 |
-8.03 |
109,233 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
1,244,110 |
510 |
203,634 |
-37.97 |
328,300 |
226 |
100,459 |
-8.03 |
109,233 |
|
Current portion of long term
debt |
23,995 |
29.08 |
18,590 |
-17.90 |
22,644 |
158 |
8,774 |
6.04 |
8,274 |
|
Financial debts |
4,203,272 |
118 |
1,923,109 |
348 |
428,474 |
- |
- |
- |
- |
|
Trade creditors |
8,445,986 |
375 |
1,774,598 |
-35.42 |
2,747,966 |
33.19 |
2,063,127 |
-37.92 |
3,323,585 |
|
Amounts Payable for Taxes,
Remuneration & Social Security |
35,751 |
310 |
8,713 |
116 |
4,029 |
-77.51 |
17,915 |
3.39 |
17,328 |
|
Miscellaneous current liabilities |
285,416 |
-71.25 |
992,859 |
3.35 |
960,671 |
-57.89 |
2,281,198 |
-3.38 |
2,360,993 |
|
Total current liabilities |
12,994,421 |
175 |
4,717,869 |
13.31 |
4,163,784 |
-4.74 |
4,371,014 |
-23.45 |
5,710,180 |
|
Total Liabilities |
16,627,551 |
147 |
6,706,371 |
8.67 |
6,171,262 |
34.09 |
4,602,212 |
-22.31 |
5,923,981 |
|
RATIO
ANALYSIS |
|
|
|
|
|
|
|
|
|
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.16 |
-11.11 |
0.18 |
-10.0 |
0.20 |
0 |
0.20 |
0 |
0.20 |
|
Return on capital employed |
2.65 |
1.15 |
2.62 |
11.97 |
2.34 |
-84.64 |
15.23 |
14.86 |
13.26 |
|
Return on total assets employed |
0.58 |
-25.64 |
0.78 |
2.63 |
0.76 |
0 |
0.76 |
58.33 |
0.48 |
|
Return on net assets employed |
4.03 |
38.01 |
2.92 |
4.29 |
2.80 |
-89.60 |
26.92 |
-0.70 |
27.11 |
|
Sales / net working capital |
20.59 |
-5.77 |
21.85 |
39.08 |
15.71 |
-91.57 |
186.41 |
-7.87 |
202.34 |
|
Stock turnover ratio |
1.00 |
614 |
0.14 |
-75.00 |
0.56 |
-81.70 |
3.06 |
-59.84 |
7.62 |
|
Creditor days |
50.02 |
127 |
21.97 |
-47.84 |
42.12 |
-1.38 |
42.71 |
-49.17 |
84.02 |
|
Debtor days |
86.90 |
17.29 |
74.09 |
-11.89 |
84.09 |
4.45 |
80.51 |
-30.01 |
115.03 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.23 |
-4.65 |
1.29 |
-5.15 |
1.36 |
33.33 |
1.02 |
0.99 |
1.01 |
|
Liquidity ratio / acid ratio |
1.18 |
-7.81 |
1.28 |
-3.76 |
1.33 |
47.78 |
0.90 |
9.76 |
0.82 |
|
Current debt ratio |
5.44 |
106 |
2.64 |
6.45 |
2.48 |
-92.58 |
33.43 |
-38.78 |
54.61 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
120,511 |
67.41 |
71,986 |
47.71 |
48,734 |
48.92 |
32,725 |
28.23 |
25,521 |
|
Net worth |
2,389,019 |
33.85 |
1,784,868 |
6.29 |
1,679,178 |
1184 |
130,738 |
25.03 |
104,568 |
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
229.02 |
90.53 |
120.20 |
158 |
46.42 |
-44.44 |
83.55 |
-25.65 |
112.37 |
|
Equity in percentage |
14.37 |
-46.00 |
26.61 |
-2.21 |
27.21 |
858 |
2.84 |
60.45 |
1.77 |
|
Total debt ratio |
5.96 |
115 |
2.76 |
2.99 |
2.68 |
-92.16 |
34.20 |
-38.54 |
55.65 |
|
Working capital |
3,009,792 |
122 |
1,355,563 |
-10.77 |
1,519,223 |
1500 |
94,939 |
32.57 |
71,612 |
PROFIT & LOSS
|
Operating Income |
61,981,374 |
109 |
29,616,874 |
24.11 |
23,863,780 |
34.81 |
17,701,792 |
22.16 |
14,491,140 |
|
Turnover |
61,976,350 |
109 |
29,612,836 |
24.09 |
23,863,755 |
34.84 |
17,697,419 |
22.14 |
14,490,002 |
|
Total operating expenses |
61,628,336 |
109 |
29,479,334 |
23.79 |
23,814,060 |
35.06 |
17,632,323 |
22.13 |
14,437,503 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
61,633,360 |
109 |
29,483,372 |
23.81 |
23,814,085 |
35.03 |
17,636,696 |
22.15 |
14,438,641 |
|
Employee costs |
17,298 |
-1.57 |
17,573 |
586 |
2,561 |
- |
- |
- |
488 |
|
Wages and salary |
12,777 |
-23.25 |
16,648 |
559 |
2,523 |
- |
- |
- |
- |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
4,341 |
468 |
764 |
3921 |
19 |
- |
- |
- |
- |
|
Other employee costs |
179 |
10.67 |
162 |
752 |
19 |
- |
0 |
-100 |
488 |
|
Director remuneration |
- |
- |
- |
- |
36,305 |
- |
- |
- |
- |
|
Amortization and depreciation |
40,805 |
91.87 |
21,267 |
190 |
7,310 |
11.51 |
6,555 |
3.10 |
6,358 |
|
Operating result |
348,014 |
160 |
133,502 |
168 |
49,695 |
-23.66 |
65,095 |
23.99 |
52,499 |
|
Total financial income |
51,856 |
-23.65 |
67,920 |
170 |
25,091 |
124235 |
20 |
-86.55 |
150 |
|
Total financial expenses |
303,708 |
103 |
149,265 |
437 |
27,772 |
-7.17 |
29,916 |
23.10 |
24,302 |
|
Results on ordinary operations
before taxation |
96,162 |
84.37 |
52,158 |
10.94 |
47,014 |
33.56 |
35,200 |
24.17 |
28,347 |
|
Extraordinary Income |
2,678 |
313 |
648 |
- |
- |
- |
- |
- |
- |
|
Extraordinary Charges |
5,515 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
-2,837 |
-537 |
648 |
- |
0 |
- |
0 |
- |
0 |
|
Results
for the Year Before Taxation |
93,325 |
76.73 |
52,806 |
12.32 |
47,014 |
33.56 |
35,200 |
24.17 |
28,347 |
|
Other
appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
13,619 |
552 |
2,087 |
-62.67 |
5,591 |
-38.08 |
9,030 |
-1.68 |
9,184 |
|
Results
on ordinary operations |
82,543 |
64.85 |
50,071 |
20.88 |
41,423 |
58.29 |
26,170 |
36.56 |
19,163 |
|
after
taxation |
|
|
|
|
|
|
|
|
|
|
Net result |
79,706 |
57.15 |
50,719 |
22.44 |
41,424 |
58.29 |
26,170 |
36.56 |
19,163 |
|
Profit
(Loss) for the Year to be appropriated |
79,706 |
57.15 |
50,719 |
22.44 |
41,424 |
58.29 |
26,170 |
36.56 |
19,163 |
|
Social
Balance Sheet |
Total |
|
During
the reporting year |
|
|
ended
31-12-2012 |
|
|
Full-time
Employees |
1 |
|
Part-time
Employees |
- |
|
Total
Fte Employees |
1 |
|
Number
of hours worked |
|
|
Full-time
Employees |
1,786 |
|
Part-time
Employees |
- |
|
Total |
1,786 |
|
Personnel
Charges |
|
|
Full-time
Employees |
17,298 |
|
Part-time
Employees |
- |
|
Total |
17,298 |
|
Benefits
In Addition To Wages |
- |
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
1 |
|
Actual
working hours |
1,915 |
|
Personnel
Charges |
22,737 |
|
Benefits
In Addition To Wages |
- |
|
Type of
Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited
Duration Contracts |
1 |
- |
1 |
|
Gender
and Education |
|
|
|
|
Level |
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary
education |
1 |
- |
1 |
Industry
comparison
|
|
|
Activity code |
46761 |
|
Activity description |
Whole of diamonds and other precious stones |
Payment
expectations
|
|
|
Payment expectation days |
50.02 |
|
Da sales outstanding |
86.90 |
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Whole of diamonds and other precious stones |
|
Industry average payment expectation days |
103.11 |
|
Industry average day sales outstanding |
181.54 |
|
Industry quartile
analysis |
|
|
Payment
expectations |
|
|
Company result |
50.02 |
|
Lower |
117.11 |
|
Median |
74.61 |
|
Upper |
45.68 |
|
|
|
|
Day sales
outstanding |
|
|
Company result |
86.90 |
|
Lower |
101.25 |
|
Median |
53.69 |
|
Upper |
24.60 |
Group
Structure
No group structure for this
company.
Minority
Shareholders
No minority shareholders found
Minority
Interests
No minority interest found
Protested Bills
There is no data for this company
Bankruptcy and other legal events
There is no data for this company
Companies that
match this address
No companies match this address
Summons
|
Legal
event type |
Social Security Summons |
|
|
|
Event
date |
03/10/2011 |
|
|
|
Court
type |
|
Court
name |
Antwerpen |
|
Creditor's
name |
Rijksdienst voor Sociale Zekerheid |
3rd
party type |
Summoning Party |
|
|
|
|
|
|
Legal
event type |
Social Security Summons |
|
|
|
Event
date |
05/09/2011 |
|
|
|
Court
type |
|
Court
name |
Antwerpen |
|
Creditor's
name |
Rijksdienst voor Sociale Zekerheid |
3rd
party type |
Summoning Party |
CURRENT DIRECTOR
DETAILS
|
Name |
BHUPESH VADILAL SHAH |
|
Position |
Principal Manager |
|
Start Date |
03/08/2010 |
|
Street |
15 VAN EYCKLEI 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.63.38 |
|
|
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.