|
Report No. : |
326877 |
|
Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SWINTU DIAM BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 9-Bus 9, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
16.02.1998 |
|
|
|
|
Com. Reg. No.: |
462600027 |
|
|
|
|
Legal Form : |
Private Limited Company (BL/LX) |
|
|
|
|
Line of Business : |
Wholesale of Diamonds and Other Precious
Stones |
|
|
|
|
No of Employees : |
01 |
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 : |
Slow but correct |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 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 462600027
Company name SWINTU DIAM BVBA
Address HOVENIERSSTRAAT
9-BUS 9
2018 ANTWERPEN
Number of staff 1
Date of establishment 16/02/1998
Telephone number 032313770
Fax number 032260602
The business was established over 16 years ago.
The business has 1 employees.
The business has been at the address for over 13 years.
A 32% decline in Total Assets occurred during the latest trading period.
The business saw an increase in their Cash Balance of 69% during the
latest trading period.
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2013 |
92,382,612 |
110,080 |
9,791,084 |
14,816,042 |
|
31/12/2012 |
93,132,673 |
111,752 |
10,157,600 |
15,394,734 |
|
31/12/2011 |
109,507,366 |
137,068 |
10,287,670 |
11,727,750 |
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
41,754,443 |
1 |
9,443,365 |
98,210 |
|
31/12/2012 |
61,813,522 |
1 |
9,870,536 |
109,157 |
|
31/12/2011 |
32,580,914 |
1 |
10,065,889 |
115,696 |
|
Past
payments |
|
Payment expectation
days |
44.85 |
|
Industry
average payment expectation days |
124.45 |
Industry average day sales
outstanding |
141.74 |
|
Day
sales outstanding |
89.65 |
|
|
BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons -
|
Business number |
462600027 |
Company name |
SWINTU DIAM BVBA |
|
Fax number |
032260602 |
Date founded |
16/02/1998 |
|
Company status |
active |
Company type |
Private Limited Company (BL/LX) |
|
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.0462.600.027 Check VAT number |
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
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 |
195,762 |
-10.91 |
219,746 |
-16.90 |
264,449 |
27.70 |
207,079 |
1.44 |
204,131 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Tangible fixed assets |
195,382 |
-10.93 |
219,349 |
-16.93 |
264,044 |
27.68 |
206,809 |
1.44 |
203,881 |
|
Land & building |
142,721 |
-7.20 |
153,800 |
-4.80 |
161,557 |
0.35 |
161,000 |
4.84 |
153,564 |
|
Plant & machinery |
10,892 |
89.16 |
5,758 |
-35.31 |
8,901 |
-25.61 |
11,965 |
195 |
4,052 |
|
Furniture & Vehicles |
41,769 |
-30.14 |
59,791 |
-36.11 |
93,585 |
176 |
33,844 |
-26.85 |
46,265 |
|
Leasing & Other Similar
Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
0 |
- |
0 |
-100 |
1 |
- |
0 |
- |
0 |
|
Financial fixed assets |
380 |
-4.28 |
397 |
-1.98 |
405 |
50.56 |
269 |
7.60 |
250 |
|
Total current assets |
41,558,681 |
-32.53 |
61,593,776 |
90.60 |
32,316,465 |
5.05 |
30,763,110 |
35.44 |
22,712,848 |
|
Inventories |
16,860,815 |
-31.63 |
24,662,088 |
56.74 |
15,734,613 |
167 |
5,873,080 |
-34.01 |
8,899,539 |
|
Raw materials &
consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
16,860,815 |
-31.63 |
24,662,088 |
56.74 |
15,734,613 |
167 |
5,873,080 |
-34.01 |
8,899,539 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Trade debtors |
22,691,703 |
-35.33 |
35,090,534 |
134 |
14,988,990 |
-35.86 |
23,367,903 |
88.91 |
12,369,630 |
|
Other amounts receivable |
15,342 |
270 |
4,137 |
-1.52 |
4,201 |
-68.19 |
13,208 |
199 |
4,409 |
|
Cash |
536,424 |
69.08 |
317,252 |
2989 |
10,268 |
-9.49 |
11,345 |
-9.75 |
12,571 |
|
Miscellaneous current assets |
4,197 |
5.88 |
3,964 |
-87.84 |
32,594 |
4111 |
774 |
-97.98 |
38,389 |
|
Total Assets |
41,754,443 |
-32.45 |
61,813,522 |
89.72 |
32,580,914 |
5.20 |
30,970,189 |
35.14 |
22,916,979 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
9,791,084 |
-3.61 |
10,157,600 |
-1.26 |
10,287,670 |
4.14 |
9,878,404 |
8.78 |
9,081,479 |
|
Issued share capital |
9,443,365 |
-4.33 |
9,870,536 |
-1.94 |
10,065,889 |
3.27 |
9,746,813 |
7.81 |
9,040,354 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
347,719 |
21.13 |
287,064 |
29.44 |
221,781 |
68.54 |
131,591 |
219 |
41,125 |
|
|
|
|
|
|
|
|
|
|
|
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered
taxes |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Creditors |
31,963,359 |
-38.12 |
51,655,922 |
131 |
22,293,244 |
5.70 |
21,091,785 |
52.45 |
13,835,500 |
|
Other
long term loans |
5,220,720 |
-4.33 |
5,456,880 |
220 |
1,704,529 |
2.27 |
1,666,723 |
6.66 |
1,562,704 |
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
long term debts |
5,220,720 |
-4.33 |
5,456,880 |
220 |
1,704,529 |
2.27 |
1,666,723 |
6.66 |
1,562,704 |
|
Current
portion of long term debt |
- |
- |
4,149 |
-74.22 |
16,094 |
5.05 |
15,320 |
5.05 |
14,583 |
|
Financial
debts |
14,654,299 |
-16.5S |
17,569,252 |
4189 |
409,623 |
-96.61 |
12,088,522 |
64.98 |
7,327,161 |
|
Trade
creditors |
11,241,797 |
-60.51 |
28,467,175 |
41.64 |
20,097,720 |
178 |
7,225,286 |
48.87 |
4,853,439 |
|
Amounts
Payable for Taxes, |
26,599 |
-27.16 |
36,519 |
34.56 |
27,139 |
34.82 |
20,130 |
319 |
4,794 |
|
Remuneration
& Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous
current liabilities |
819,944 |
572 |
121,947 |
219 |
38,139 |
-49.69 |
75,804 |
4.10 |
72,819 |
|
Total
current liabilities |
26,742,639 |
-42.11 |
46,199,042 |
124 |
20,588,715 |
5.99 |
19,425,062 |
58.28 |
12,272,796 |
|
|
|||||||||
|
Total
Liabilities |
41,754,443 |
-32.45 |
61,813,522 |
89.72 |
32,580,914 |
5.20 |
30,970,189 |
35.14 |
22,916,979 |
|
|
|
|
|
|
|
|
|
|
|
|
ratio analysis |
|
|
|
|
|
|
|
|
|
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.12 |
0 |
0.12 |
-7.69 |
0.13 |
-7.14 |
0.14 |
-12.50 |
0.16 |
|
|
|
|
|
|
|
|
|
|
|
|
Return
on capital employed |
0.73 |
1.39 |
0.72 |
-36.84 |
1.14 |
8.57 |
1.05 |
110 |
0.50 |
|
Return
on total assets employed |
0.26 |
44.44 |
0.18 |
-57.14 |
0.42 |
7.69 |
0.39 |
69.57 |
0.23 |
|
Return
on net assets employed |
1.12 |
1.82 |
1.10 |
-17.29 |
1.33 |
8.13 |
1.23 |
108 |
0.59 |
|
Sales
/ net working capital |
6.24 |
3.14 |
6.05 |
-35.22 |
9.34 |
19.90 |
7.79 |
148 |
3.14 |
|
|
|
|
|
|
|
|
|
|
|
|
Stock
turnover ratio |
18.25 |
-31.08 |
26.48 |
84.27 |
14.37 |
116 |
6.65 |
-75.48 |
27.12 |
|
Creditor
days |
44.85 |
-60.13 |
112.48 |
67.06 |
67.33 |
124 |
30.03 |
-44.87 |
54.47 |
|
Debtor
days |
89.65 |
-34.81 |
137.52 |
175 |
49.96 |
-48.24 |
96.53 |
-29.85 |
137.60 |
|
Current
ratio |
1.55 |
16.54 |
1.33 |
-15.29 |
1.57 |
-0.63 |
1.58 |
-14.59 |
1.85 |
|
Liquidity
ratio / acid ratio |
0.92 |
15.00 |
0.80 |
-1.23 |
0.81 |
-36.72 |
1.28 |
13.27 |
1.13 |
|
Current
debt ratio |
2.73 |
-40.0 |
4.55 |
127 |
2.00 |
1.52 |
1.97 |
45.93 |
1.35 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
98,210 |
-10.03 |
109,157 |
-5.65 |
115,696 |
4.23 |
110,998 |
96.12 |
56,596 |
|
Net
worth |
9,791,084 |
-3.61 |
10,157,600 |
-1.26 |
10,287,670 |
4.14 |
9,878,404 |
8.78 |
9,081,479 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
202.99 |
-10.47 |
226.73 |
994 |
20.71 |
-85.14 |
139.40 |
42.17 |
98.05 |
|
Equity in percentage |
23.45 |
42.73 |
16.43 |
-47.97 |
31.58 |
-1.00 |
31.90 |
-19.51 |
39.63 |
|
Total debt ratio |
3.26 |
-35.95 |
5.09 |
134 |
2.17 |
1.40 |
2.14 |
40.79 |
1.52 |
|
|
|
|
|
|
|
|
|
|
|
|
Working capital |
14,816,042 |
-3.76 |
15,394,734 |
31.27 |
11,727,750 |
3.44 |
11,338,048 |
8.60 |
10,440,052 |
|
Profit & loss |
|
|
|
|
|
|
|
|
|
|
Operating Income |
92,401,168 |
-0.79 |
93,138,996 |
-14.95 |
109,510,550 |
23.94 |
88,361,016 |
168 |
32,968,618 |
|
Turnover |
92,382,612 |
-0.81 |
93,132,673 |
-14.95 |
109,507,366 |
23.93 |
88,360,911 |
169 |
32,810,821 |
|
Total operating expenses |
91,490,688 |
-0.96 |
92,378,622 |
-15.22 |
108,956,739 |
24.06 |
87,827,569 |
170 |
32,523,705 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Operating Charges |
91,509,244 |
-0.95 |
92,384,945 |
-15.21 |
108,959,923 |
24.06 |
87,827,674 |
168 |
32,681,502 |
|
Employee costs |
72,630 |
42.99 |
50,794 |
-0.14 |
50,866 |
198 |
17,018 |
- |
- |
|
Wages and salary |
58,529 |
41.92 |
41,240 |
-4.05 |
42,982 |
240 |
12,631 |
- |
- |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
12,741 |
50.85 |
8,446 |
21.14 |
6,972 |
362 |
1,507 |
- |
- |
|
Other employee costs |
1,360 |
22.63 |
1,109 |
21.47 |
913 |
-68.29 |
2,879 |
- |
0 |
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization and depreciation |
25,131 |
-36.49 |
39,570 |
32.72 |
29,814 |
25.55 |
23,746 |
16.61 |
20,364 |
|
|
|
|
|
|
|
|
|
|
|
|
Operating result |
891,924 |
18.28 |
754,051 |
36.94 |
550,627 |
3.24 |
533,342 |
85.76 |
287,116 |
|
Total financial income |
39 |
-98.96 |
3,766 |
-79.19 |
18,097 |
18556 |
97 |
79.63 |
54 |
|
|
|
|
|
|
|
|
|
|
|
|
Total financial expenses |
781,883 |
21.02 |
646,066 |
49.67 |
431,656 |
4.75 |
412,065 |
76.52 |
233,438 |
|
|
|||||||||
|
Results on ordinary operations before
taxation |
110,080 |
-1.50 |
111,752 |
-18.47 |
137,068 |
12.93 |
121,375 |
125 |
53,732 |
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Results for the Year Before Taxation |
110,080 |
-1.50 |
111,752 |
-18.47 |
137,068 |
12.93 |
121,375 |
125 |
53,732 |
|
|
|
|
|
|
|
|
|
|
|
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Taxation |
37,001 |
-12.25 |
42,164 |
-17.63 |
51,186 |
50.00 |
34,123 |
94.98 |
17,501 |
|
Results on ordinary operations after
taxation |
73,079 |
5.02 |
69,588 |
-18.97 |
85,882 |
-1.57 |
87,252 |
140 |
36,231 |
|
|
|
|
|
|
|
|
|
|
|
|
Net result |
73,079 |
5.02 |
69,587 |
-18.97 |
85,882 |
-1.57 |
87,252 |
140 |
36,232 |
|
|
|
|
|
|
|
|
|
|
|
|
Profit (Loss) for the Year to be
appropiated |
73,079 |
5.02 |
69,587 |
-18.97 |
85,882 |
-1.57 |
87,252 |
140 |
36,232 |
|
|
|
|
|
|
|
|
|
|
|
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
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 |
1,771 |
|
|
|
Part-time Employees |
- |
|
|
|
Total |
1,771 |
|
|
|
|
|||
|
Personnel Charges |
|||
|
Full-time Employees |
72,630 |
|
|
|
Part-time Employees |
- |
|
|
|
Total |
72,630 |
|
|
|
Benefits In Addition To
Wages |
- |
|
|
|
|
|||
|
During the previous
reporting year |
|||
|
Average number employees in
Fte |
1 |
|
|
|
Actual working hours |
1,786 |
|
|
|
Personnel Charges |
48,596 |
|
|
|
Benefits In Addition To
Wages |
- |
|
|
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration Contracts |
1 |
- |
1 |
Gender and Education Level
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Secondairy education |
1 |
- |
1 |
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
White collar worker |
1 |
- |
1 |
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
industry average credit rating 64.48
Industry average credit limit 140177.31
Payment expectations
|
|
|
Payment expectation days |
44.85 |
|
Day sales outstanding |
89.65 |
Industry comparison
|
|
|
Activity
code |
46761 |
|
Activity
description |
Wholesale of diamonds and
other precious stones |
|
Industry
average payment expectation days |
124.45 |
|
Industry
average day sales outstanding |
141.74 |
Payment expectations
Company result 44.85
Lower 122.66
Median 75.69
Upper 46.98
Company result 89.65
Lower 102.58
Median 54.52
Upper 24.07
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
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 ARVINDKUMAR
BHAVANBHAI MAVANI
Position Principal Manager
Start Date 05/08/2010
Street 9 JAN DE
SADELERLAAN EDEGEM
Post code 2650
Country Belgium
Name DILIP RAMNIKLAL
THAKKER
Position Principal Manager
Start Date 04/02/1998
Street 6 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.63.94 |
|
|
1 |
Rs.98.27 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.