MIRA INFORM REPORT

 

 

Report No. :

326189

Report Date :

11.06.2015

 

IDENTIFICATION DETAILS

 

Name :

LOUIS  BLOCKX  NV 

 

 

Registered Office :

Pleintje  35, 2370 Arendonk

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

22.12.1980

 

 

Com. Reg. No.:

421298516

 

 

Legal Form :

Public  Limited  Liability

 

 

Line of Business :

Subject is engaged in  non-specialised wholesale trade

 

 

No. of Employee :

22

 

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 – 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

 

Company name

 

LOUIS  BLOCKX  NV 

 

 

Company  summary

 

Business  number

421298516

Branche  Unit  Number

2018340366

Company  name

LOUIS  BLOCKX  NV

Address

PLEINTJE  35

 

2370 ARENDONK

Number  of  staff

22

Date  of  establishment

22/12/1980

Telephone  number

014672076

Fax  number

014677710

 

 

Commentary

 

The  business  was  established  over  34  years  ago. The  business  has  20  employees.

The  business  has  been  at  the  address  for  over  11  years.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2013

26,599,711

2,010,627

17,583,108

15,544,935

31/12/2012

25,265,683

2,062,107

15,915,479

13,152,783

31/12/2011

25,343,763

1,702,821

14,267,993

12,504,291

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2013

22,233,215

22

700,000

2,553,086

31/12/2012

20,746,739

21

700,000

1,990,530

31/12/2011

18,399,953

22

700,000

1,656,207

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

28.33

Industry  average  payment

89.46

Industry  average  day  sales

117.40

expectation  days

 

outstanding

 

Day  sales  outstanding

77.81

 

 

 

 

Court  data  summary

 

BANKRUPTCY  DETAILS

Court  action  type

no

PROTESTED  BILLS

Bill  amount

-

NSSO  DETAILS

Date  of  summons

-

 

 

Company  information

 

Business  number

421298516

Company  name

LOUIS  BLOCKX  NV

Fax  number

014677710

Date  founded

22/12/1980

Company  status

active

Company  type

Public  Limited  Liability

 

 

 

Company  (BE)

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2013

Activity  code

46900

Liable  for  VAT

yes

Activity  description

Non-specialised  wholesale

VAT  Number

BE.0421.298.516  Check  VAT

 

trade

 

number

Belgian  Bullettin  of  Acts

Publications

moniteur  belge

 

 

 

 

Contractor  details

 

Registered  contractor

-

number

 

Contractor  description

-

Date  struck  off  register

 

Personnel  (NSSO  classification)

 

Code

-

Description

-

Joint  Industrial  Committee  (JIC)

 

Significant  Events

 

Event  Date

14/09/2010

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaar  14-09-2010:  Herbenoeming  bestuurder  voor  een  periode  van  6  jaar:  Lodewijk  Blockx  en

 

Karolien  Thijs.

 

 

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

2,314,900

-24.52

3,066,923

45.29

2,110,860

34.30

1,571,743

-45.68

2,893,712

Intangible  fixed  assets

0

-

0

-100

1,300

-50.0

2,600

-

0

Tangible  fixed  assets

2,306,635

-21.11

2,923,800

44.38

2,025,125

36.41

1,484,641

11.92

1,326,563

Land  &  building

1,414,920

-3.10

1,460,250

-5.20

1,540,300

45.58

1,058,034

21.35

871,915

Plant  &  machinery

766,252

-40.07

1,278,607

381

265,437

28.96

205,821

-29.67

292,654

Furniture  &  Vehicles

125,464

-32.16

184,943

-15.70

219,388

0.74

217,774

39.84

155,733

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

-

-

Other  tangible  assets

0

-

0

-

0

-100

3,012

-51.90

6,261

Financial  fixed  assets

8,265

-94.23

143,122

69.51

84,435

-0.08

84,503

-94.61

1,567,149

Total  current  assets

19,918,316

12.66

17,679,817

8.54

16,289,093

1.58

16,035,291

52.23

10,533,775

Inventories

5,048,646

8.76

4,642,157

-6.59

4,969,575

2.93

4,828,274

47.33

3,277,282

Raw  materials  &  consumables

1,433,949

15.81

1,238,192

9.70

1,128,681

-17.01

1,359,964

6.50

1,276,954

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

3,129,431

12.75

2,775,444

-11.15

3,123,722

29.70

2,408,370

76.13

1,367,405

Other  stocks

485,266

-22.79

628,521

-12.36

717,172

-32.34

1,059,940

67.47

632,924

Trade  debtors

5,670,586

1.33

5,596,428

8.00

5,181,895

11.05

4,666,309

15.47

4,041,031

Other  amounts  receivable

4,290,654

73.95

2,466,616

4.29

2,365,051

153

931,706

19.86

777,311

Cash

4,476,004

-3.59

4,642,587

65.89

2,798,625

-34.75

4,289,080

276

1,138,748

Miscellaneous  current  assets

252,426

688

32,028

-95.25

673,948

0.60

669,922

3.16

649,402

Total  Assets

22,233,215

7.16

20,746,739

12.75

18,399,953

4.50

17,607,035

31.13

13,427,487

 

 

LIABILITIES

Total  shareholders  equity

17,583,108

10.48

15,915,479

11.54

14,269,293

9.95

12,978,216

14.55

11,329,373

Issued  share  capital

700,000

0

700,000

0

700,000

0

700,000

12.50

622,213

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

16,883,108

10.96

15,215,479

12.13

13,569,293

10.52

12,278,216

14.67

10,707,161

Provisions  for  Liabilities  &

32,000

0

32,000

-25.58

43,000

-0.87

43,376

2780

1,506

Charges

 

 

 

 

 

 

 

 

 

Deffered  taxes

244,727

-10.10

272,226

-10.11

302,858

-21.76

387,074

-

-

Creditors

4,373,381

-3.39

4,527,034

19.61

3,784,802

-9.85

4,198,369

100

2,096,608

Other  long  term  loans

-

-

-

-

-

-

8,284

-

-

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

276,727

-9.04

304,226

-12.04

345,858

-21.17

438,734

29032

1,506

Current  portion  of  long  term  debt

-

-

-

-

8,284

5.22

7,873

-

-

Financial  debts

-

-

-

-

85,252

-

-

-

-

Trade  creditors

1,919,728

-18.34

2,350,897

40.62

1,671,849

-22.84

2,166,606

66.80

1,298,933

Amounts  Payable  for  Taxes,

96,827

-2.94

99,755

12.17

88,933

-44.62

160,583

-14.73

188,330

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

2,356,826

13.51

2,076,383

7.56

1,930,484

4.07

1,855,023

204

609,344

Total  current  liabilities

4,373,381

-3.39

4,527,034

19.61

3,784,802

-9.67

4,190,085

99

2,096,608

Total  Liabilities

22,233,215

7.16

20,746,739

12.75

18,399,953

4.50

17,607,035

31.13

13,427,487

 

 

RATIO  ANALYSIS

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

7.56

-7.35

8.16

21.43

6.72

93.66

3.47

-69.67

11.44

Return  on  capital  employed

11.26

-11.41

12.71

9.10

11.65

90.98

6.10

-65.60

17.73

Return  on  total  assets  employed

9.04

-9.05

9.94

7.46

9.25

98.92

4.65

-68.92

14.96

Return  on  net  assets  employed

11.43

-11.81

12.96

8.63

11.93

89.06

6.31

-64.41

17.73

Sales  /  net  working  capital

1.71

-10.94

1.92

-5.42

2.03

2.01

1.99

-4.33

2.08

Stock  turnover  ratio

18.98

3.32

18.37

-6.32

19.61

-4.11

20.45

9.53

18.67

Creditor  days

28.33

-23.12

36.85

42.55

25.85

-25.22

34.57

12.46

30.74

Debtor  days

77.81

-3.76

80.85

8.33

74.63

3.47

72.13

-14.14

84.01

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

4.55

16.37

3.91

-9.07

4.30

12.27

3.83

-23.71

5.02

Liquidity  ratio  /  acid  ratio

3.40

18.06

2.88

-3.68

2.99

11.99

2.67

-22.83

3.46

Current  debt  ratio

0.25

-10.71

0.28

3.70

0.27

-15.62

0.32

68.42

0.19

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

2,553,086

28.26

1,990,530

20.19

1,656,207

-16.68

1,987,655

-18.73

2,445,826

Net  worth

17,583,108

10.48

15,915,479

11.55

14,267,993

9.96

12,975,616

14.53

11,329,373

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

-

-

-

-

0.66

450

0.12

-

-

Equity  in  percentage

79.08

3.09

76.71

-1.10

77.56

5.21

73.72

-12.62

84.37

Total  debt  ratio

0.26

-13.33

0.30

3.45

0.29

-19.44

0.36

89.47

0.19

Working  capital

15,544,935

18.19

13,152,783

5.19

12,504,291

5.56

11,845,206

40.39

8,437,167

 

 

PROFIT  &  LOSS

 

 

 

 

 

 

 

 

 

Operating  Income

26,674,231

5.02

25,400,360

-0.08

25,420,856

7.50

23,647,057

33.93

17,656,597

Turnover

26,599,711

5.28

25,265,683

-0.31

25,343,763

7.33

23,613,154

34.49

17,557,029

Total  operating  expenses

24,731,540

6.22

23,282,917

-1.36

23,604,067

3.20

22,872,368

48.31

15,422,098

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

24,806,060

5.93

23,417,594

-1.11

23,681,160

3.38

22,906,271

47.58

15,521,666

Employee  costs

757,820

-4.99

797,602

5.59

755,401

-6.30

806,162

15.23

699,589

Wages  and  salary

506,050

-5.79

537,143

6.08

506,340

-6.94

544,108

15.29

471,950

Employee  pension  costs

1,190

1147

95

-

-

-

1,205

-26.92

1,649

Social  security  contributions

193,453

-4.55

202,670

1.88

198,927

-3.44

206,021

10.15

187,036

Other  employee  costs

57,126

-0.98

57,694

15.08

50,135

-8.56

54,828

40.75

38,954

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

840,168

85.16

453,742

24.27

365,130

-79.13

1,749,580

133

748,718

Operating  result

1,868,170

-5.78

1,982,765

13.97

1,739,696

134

740,786

-65.30

2,134,931

Total  financial  income

347,721

8.42

320,713

13.39

282,831

-37.31

451,153

174

164,089

Total  financial  expenses

205,264

-14.96

241,372

-24.50

319,706

-14.40

373,468

28.62

290,368

Results  on  ordinary  operations

2,010,627

-2.50

2,062,107

21.10

1,702,821

108

818,472

-59.25

2,008,652

before  taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

87,280

9597

900

-95.42

19,646

-24.92

26,168

-43.75

46,526

Extraordinary  Charges

559

-

-

-

450

-96.79

14,000

5500

250

Extraordinary  items

86,721

9535

900

-95.31

19,196

57.75

12,168

-73.70

46,276

Results  for  the  Year  Before

2,097,349

1.66

2,063,007

19.80

1,722,017

107

830,640

-59.58

2,054,928

Taxation

 

 

 

 

 

 

 

 

 

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

411,929

-26.03

556,851

8.09

515,157

-13.06

592,565

65.60

357,819

Results  on  ordinary  operations

1,598,698

6.21

1,505,256

26.74

1,187,665

425

225,906

-86.32

1,650,833

after  taxation

 

 

 

 

 

 

 

 

 

Net  result

1,712,918

11.46

1,536,787

19.03

1,291,077

442

238,075

-85.97

1,697,108

Profit  (Loss)  for  the  Year  to  be

appropiated

1,316,323

-17.54

1,596,275

9.74

1,454,629

510

238,075

-85.97

1,697,108

 

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet

 

Total

 

During  the  reporting  year

 

 

 

ended  31-12-2013

 

 

 

Full-time  Employees

 

18

 

Part-time  Employees

 

8

 

Total  Fte  Employees

 

23

 

Number  of  hours  worked

 

 

 

Full-time  Employees

 

22,125

 

Part-time  Employees

 

6,141

 

Total

 

28,266

 

Personnel  Charges

 

 

 

Full-time  Employees

 

591,988

 

Part-time  Employees

 

164,642

 

Total

 

756,630

 

Benefits  In  Addition  To  Wages

 

-

 

During  the  previous  reporting  year

 

 

 

Average  number  employees  in  Fte

 

24

 

Actual  working  hours

 

30,690

 

Personnel  Charges

 

797,507

 

Benefits  In  Addition  To  Wages

 

-

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

16

8

22

Contracts

 

 

 

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

12

2

13

Higher  education  (non

-

-

-

university)

 

 

 

Higher  education

-

-

-

(university)

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

4

6

9

Higher  education  (non university)

-

-

-

Higher  education (university)

-

-

-

 

 

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

4

-

4

Blue  collar  worker

11

8

17

Other

1

-

1

Temporary  personnel

 

Total

 

Average  number  of  temporary  staff

 

0

 

Actual  working  hours

 

626

 

Cost  of  temporary  staff

 

62,955

 

 

 

 

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

10

-

10

Leavers

9

-

9

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

1

2

Number  of  training  hours

8

24

Net  costs  for  enterprise

295

423

Total  of  less  formal  and  informal  continuing  vocational

 

 

training  initiatives  for  workers  paid  by  the  employer

Male

Female

Number  of  employees

16

8

Number  of  training  hours

384

192

Net  costs  for  enterprise

7,680

3,840

Total  of  initial  training  initiatives  at  the  expense  of  the

 

 

employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

 

 

Industry  comparison

 

 

Activity  code

46900

 

Activity  description

Non-specialised  wholesale  trade

 

industry  average  credit

rating

60.59

 

Industry  average  credit  limit

26717.87

 

 

 

Payment  Information

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

30

Total  number  of  Invoices  paid  within  or  up  to  30  days  after  the  due  date

21

Total  number  of  Invoices  paid  more  than  30  days  after  the  due  date

7

Total  number  of  Invoices  currently  outstanding  where  the  due  date  has  not  yet  been  reached

2

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

0

 

Suspension  of  payments  /  moratorium  history

Amount

-

Details

-

Payment  expectations

 

Payment  expectation  days

28.33

Day  sales  outstanding

77.81

Industry  comparison

 

Activity  code

46900

Activity  description

Non-specialised  wholesale  trade

Industry  average  payment

expectation  days

89.46

Industry  average  day  sales

outstanding

117.40

 

 

Industry  quartile  analysis Payment  expectations

 

Company  result

28.33

Lower

95.22

Median

52.91

Upper

17.85

 

 

Day  sales  outstanding

 

Company  result

77.81

Lower

85.37

Median

40.36

Upper

16.30

 

 

Shareholder  Details

 

 

Summary

 

 

 

Group  -  Number  of  Companies

0

 

 

Linkages  -  Number  of  Companies

0

 

 

Number  of  Countries

0

 

 

Group  Structure

 

 

 

No  group  structure  for  this  company.

 

 

 

 

 

 

 

Minority  Shareholders

 

 

 

 

Business

Company  name

%

 

number

 

 

accounts

474669894

Arendonk  Engineering  &  Packaging

BVBA

0.01

31/12/2013

 

 

Minority  Interests

 

No  minority  interests  found

 

Individual  Shareholders

 

 

SHAREHOLDER  NAME

 

Forename

Lodewijk

Middle  name

 

-

 

Surname

Blockx

 

 

 

 

SHAREHOLDER  DETAILS

 

 

 

 

 

Start  date

31/12/2012(estimated)

End  date

 

-

 

Percentage  owned

99.99%

 

 

 

 

SHAREHOLDER  ADDRESS

 

 

 

 

 

Street  name

De  Brulen

House  number

 

25

 

Minor  town

-

Postal  town

 

Arendonk

 

Post  code

2370

Country

 

Belgium

 

 

 

Linked  Companies

 

Summary

 

Group  -  Number  of  Companies

0

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

 

 

Director  details

 

Current  director  details

 

Name

LODEWIJK  BLOCKX

Position

Managing  Director

Start  Date

14/09/2010

Street

25 DE  BRULEN  ARENDONK

Post  code

2370

Country

Belgium

Position

Legal  Representative

Start  Date

01/09/2002

Street

25 DE  BRULEN  ARENDONK

Post  code

2370

Country

Belgium

Name

ARENDONK  ENGINEERING  &  PACKAGING  BVBA

Position

Director

Start  Date

14/09/2010

End  Date

14/09/2016

Date  of  birth

24/04/2001

Street

35 PLEINTJE  ARENDONK

Post  code

2370

Country

Belgium

Name

KAROLIEN  MARCELLA  MICHÈLE  THIJS

Position

Director

Start  Date

30/09/2004

Date  of  birth

23/01/1971

Street

25 DE  BRULEN  ARENDONK

Post  code

2370

Country

Belgium

 

 

Current  mandates  in  other  companies

 

Name

Combopack  P8122  NV

Business  number

473661688

Position

Director

Start  Date

03/12/2008

Business  number

473661688

Position

Legal  Representative

Start  Date

03/12/2008

Former  director  details

 

Name

LODEWIJK  BLOCKX

Position

Director

Start  Date

22/06/2007

End  Date

31/12/2010

Street

25 DE  BRULEN  ARENDONK

Post  code

2370

Country

Belgium

Name

BLOCKXIMMO  NV

Position

Managing  Director

Start  Date

03/09/2007

End  Date

Unknown  date

Date  of  birth

01/01/1980

Street

35 PLEINTJE  ARENDONK

Post  code

2370

Country

Belgium

Position

Director

Start  Date

01/09/2002

End  Date

Unknown  date

Date  of  birth

01/01/1980

Street

35 PLEINTJE  ARENDONK

Post  code

2370

Country

Belgium

Name

VIBLONA  NV(437837115)  IN  VEREFFENING  NV

Position

Managing  Director

Start  Date

12/10/2000

End  Date

12/10/2000

Date  of  birth

21/09/1989

Street

25 DE  BRULEN  ARENDONK

Post  code

2370

Country

Belgium

Name

LODEWIJK  (LOU  JR.)  BLOCKX

Position

Director

Start  Date

25/10/1999

End  Date

Unknown  date

Date  of  birth

02/08/1969

Street

25 DE  BRULEN  ARENDONK

Post  code

2370

Country

Belgium

Name

MARIA  BLOCKX

Position

Director

Start  Date

25/10/1999

End  Date

Unknown  date

Street

201 OUDE  MOLENSTRAAT  MALLE

Post  code

2390

Country

Belgium

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.88

UK Pound

1

Rs.98.47

Euro

1

Rs.72.15

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ASH

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.