MIRA INFORM REPORT
|
Report No. : |
327519 |
|
Report Date : |
15.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIAROUGH NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-Bus 211, 11th Floor, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
04.02.1975 |
|
|
|
|
Com. Reg. No.: |
414865337 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
LINE OF BUSINESS : |
·
ENGAGED IN DEALING ROUGH, FANCY COLORED, WHITE DIAMOND
& DIAMOND JEWELLEY ·
ENGAGED AS A WHOLESALER OF WATCHES AND JEWELLERY |
|
|
|
|
No of Employees : |
25 (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 : |
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 |
Company
summary
Business number 414865337
Branche Unit Number 2061865949
Company name DIAROUGH NV
Address Hoveniersstraat 30-Bus 211,
11th Floor, 2018 Antwerpen
2018 ANTWERPEN
Number of staff 25 (31.12.2013)
Date of establishment 04/02/1975
Telephone number 032342424
Fax number 032323931
Commentary
The
business was established over 39 years ago. 
The
business has 25 employees.
The
business has been at the address for over 23 years.
Operating
Result in the latest trading period decreased 70% on the previous trading
period. 
Pre-tax
profits decreased by 60% compared to the previous trading period.
Accounts
|
DATE OF LATEST
ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2013 |
607,215,918 |
548,322 |
43,146,233 |
4,258,039 |
|
31/12/2012 |
617,475,053 |
1,398,892 |
44,738,802 |
4,162,186 |
|
31/12/2011 |
766,792,523 |
1,957,505 |
44,676,362 |
3,358,429 |
Accounts
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
51,431,184 |
25 |
11,014,980 |
653,189 |
|
31/12/2012 |
52,215,611 |
27 |
11,513,244 |
1,256,935 |
|
31/12/2011 |
50,482,159 |
30 |
11,741,108 |
1,736,539 |
Company
information
|
Business number |
414865337 |
Company name |
DIAROUGH NV |
|
Fax number |
032323931 |
Date founded |
04/02/1975 |
|
Company status |
active |
Company type |
Public Limited Liability Company (BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2013 |
|
|
|
Liable for VAT |
yes |
|
Belgian
Bullettin of Acts Publications |
moniteur belge |
VAT Number |
BE.0414.865.337 Check VAT number |
|
Activity description |
· Engaged in dealing Rough, Fancy Colored, White Diamond & Diamond Jewelley · Engaged as a Wholesaler of watches and jewellery |
||
Joint
Industrial Committee
(JIC)
Significant Events
Event Date 17/06/2013
Event Description re-appointment of
director(s)
Event Details Commentaar 17-06-2013:
Herbenoemd als bestuurder voor 6 jaar:
Taksali Pradeep.
Company
accounts
|
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 |
39,067,237 |
-4.91 |
41,083,441 |
-2.57 |
42,165,100 |
2.54 |
41,121,663 |
7.16 |
38,373,648 |
|
Intangible fixed
assets |
4,332 |
-83.04 |
25,537 |
-58.45 |
61,463 |
-39.47 |
101,542 |
2.81 |
98,765 |
|
Tangible fixed
assets |
1,107,147 |
-20.29 |
1,388,928 |
-15.82 |
1,649,859 |
-11.34 |
1,860,843 |
-4.88 |
1,956,388 |
|
Land &
building |
720,737 |
-11.11 |
810,785 |
-6.85 |
870,391 |
-3.27 |
899,837 |
1.38 |
887,576 |
|
Plant &
machinery |
147,469 |
18.68 |
124,255 |
-83.55 |
755,379 |
-18.66 |
928,643 |
-9.95 |
1,031,283 |
|
Furniture &
Vehicles |
238,941 |
-47.36 |
453,888 |
1784 |
24,090 |
-25.56 |
32,362 |
-13.77 |
37,529 |
|
Other tangible
assets |
0 |
- |
0 |
0 |
-1 |
-200 |
1 |
- |
0 |
|
Financial fixed
assets |
37,955,758 |
-4.32 |
39,668,976 |
-1.94 |
40,453,778 |
3.31 |
39,159,279 |
7.82 |
36,318,495 |
|
Total current
assets |
12,363,947 |
11.07 |
11,132,170 |
33.85 |
8,317,059 |
6.28 |
7,825,822 |
3.40 |
7,568,128 |
|
Inventories |
1,117,689 |
-4.33 |
1,168,248 |
-1.94 |
1,191,369 |
3.27 |
1,153,604 |
-13.75 |
1,337,573 |
|
Finished goods |
1,117,689 |
-4.33 |
1,168,248 |
-1.94 |
1,191,369 |
3.27 |
1,153,604 |
-13.75 |
1,337,573 |
|
Trade debtors |
5,524,240 |
5.60 |
5,231,469 |
76.77 |
2,959,430 |
118 |
1,353,965 |
-55.16 |
3,019,594 |
|
Other amounts
receivable |
2,925,670 |
95.30 |
1,498,026 |
-49.30 |
2,954,447 |
-8.50 |
3,228,915 |
66.46 |
1,939,708 |
|
Cash |
2,603,320 |
-10.80 |
2,918,360 |
203 |
963,012 |
-40.67 |
1,623,197 |
44.83 |
1,120,765 |
|
Miscellaneous
current assets |
193,028 |
-38.93 |
316,067 |
27.04 |
248,801 |
-46.63 |
466,141 |
209 |
150,488 |
|
Total Assets |
51,431,184 |
-1.50 |
52,215,611 |
3.43 |
50,482,159 |
3.14 |
48,947,485 |
6.54 |
45,941,776 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
43150565 |
-3.61 |
44,764,339 |
0.06 |
44737,825 |
6.42 |
42,040,193 |
11.42 |
37,732,643 |
|
Issued share capital |
1,1014980 |
-4.33 |
11,513,244 |
-1.94 |
11,741,108 |
3.27 |
11,368,929 |
7.81 |
105,45,578 |
|
Share Premium Account |
9,120 |
-4.33 |
9,533 |
-1.94 |
9,722 |
3.28 |
9,413 |
7.80 |
8,732 |
|
Reserves |
32,126,465 |
-3.35 |
33,241,562 |
0.77 |
32,986,995 |
7.58 |
30,661,851 |
12.82 |
27,178,333 |
|
Creditors |
8280,619 |
11.13 |
7,451,273 |
29.72 |
5,744,334 |
-16.84 |
6,907,293 |
-15.86 |
8,209,132 |
|
Other long term loans |
174,711 |
-63.70 |
481,289 |
-38.74 |
7,857,004 |
-27.49 |
1,083,584 |
-22.11 |
1,391,230 |
|
Other long term liabilities |
0 |
0 |
-1 |
0 |
0 |
0 |
-1 |
-100 |
556,522 |
|
Total long term debts |
174,711 |
-63.70 |
481,288 |
-38.74 |
785,704 |
-27.49 |
7,083,583 |
-44.37 |
1,947,752 |
|
Current portion of long term debt |
304,896 |
-.62 |
306,785 |
0.39 |
305,586 |
0.80 |
303,172 |
-0.24 |
303,901 |
|
Financial debts |
162,590 |
107 |
78,367 |
119 |
35,734 |
-6.60 |
38,259 |
-89.32 |
358,384 |
|
Trade creditors |
1,855,936 |
-50.36 |
3,739,036 |
218 |
1,174,215 |
-19.07 |
1,450,815 |
-37.42 |
2,318,161 |
|
Amounts Payable for Taxes, Remuneration & Social Security |
781,078 |
28.98 |
605,586 |
-60.80 |
1,544,933 |
80.26 |
857,043 |
101 |
424,567 |
|
Miscellaneous current liabilities |
5,001,408 |
123 |
2,240,210 |
18.02 |
1,898,162 |
-40.20 |
3,174,420 |
11.13 |
2,856,368 |
|
Total current liabilities |
8,105,908 |
16.30 |
6,969,984 |
40.56 |
4,958,630 |
-14.85 |
5,823,709 |
-6.99 |
6,261,381 |
|
Total Liabilities |
51,431,184 |
-1.50 |
52,215,611 |
3.43 |
50,482,159 |
3.14 |
48,947,485 |
6.54 |
45,941,776 |
Profit & Loss
|
Operating Income |
609,165,936 |
-1.79 |
620,294,200 |
-19.50 |
770,517,420 |
23.97 |
621,547,553 |
30.30 |
476,997,675 |
|
Turnover |
607,215,918 |
-1.66 |
617,475,053 |
-19.47 |
766,792,523 |
23.60 |
620,367,793 |
30.81 |
474,239,270 |
|
Total operating expenses |
606,769,979 |
-1.50 |
615,980,099 |
-19.47 |
764,948,902 |
23.53 |
619,221,401 |
31.02 |
472,604,541 |
|
Operating Charges |
608,719,997 |
-1.63 |
618,799,246 |
-19.50 |
768,673,799 |
23.90 |
620,401,161 |
30.51 |
475,362,946 |
|
Employee costs |
1,925,313 |
-2.65 |
1,977,727 |
-5.81 |
2,099,644 |
3.16 |
2,035,236 |
-15.72 |
2,414,823 |
|
Wages and salary |
1,406,023 |
-2.81 |
1,446,626 |
-7.31 |
1,560,646 |
3.96 |
1,501,170 |
-17.23 |
1,813,726 |
|
Employee pension costs |
14,187 |
-17.11 |
17,116 |
-12.86 |
19,641 |
12.80 |
17,412 |
-9.66 |
19,274 |
|
Social security contributions |
450,928 |
-0.46 |
453,023 |
-2.61 |
465,176 |
1.23 |
459,519 |
-12.24 |
523,623 |
|
Other employee costs |
54,175 |
-11.13 |
60,963 |
12.52 |
54,181 |
-5.17 |
57,135 |
-1.83 |
58,200 |
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
652,241 |
|
Amortization and depreciation |
329,675 |
-8.97 |
362,174 |
-12.76 |
415,156 |
-9.98 |
461,197 |
5.31 |
437,951 |
|
Operating result |
445,939 |
-70.17 |
1,494,954 |
-18.91 |
1,843,621 |
60.82 |
1,146,392 |
-29.87 |
1,634,729 |
|
Total financial income |
437,324 |
-49.85 |
872,061 |
38.48 |
629,748 |
-56.58 |
1,450,469 |
442 |
267,300 |
|
|
|
|
|
|
|
|
|
|
|
|
Total financial expenses |
334,940 |
-65.40 |
968,123 |
87.67 |
515,864 |
-10.03 |
573,405 |
-61.52 |
1,490,164 |
|
Results on ordinary operations before
taxation |
548,322 |
-60.80 |
1,398,892 |
-28.54 |
1,957,505 |
-3.26 |
2,023,457 |
391 |
411,864 |
|
Extraordinary Income |
595,578 |
- |
- |
- |
- |
- |
- |
- |
66,766 |
|
Extraordinary Charges |
595,578 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
- |
0 |
-100 |
66,766 |
|
|
|
|
|
|
|
|
|
|
|
|
Results for the Year Before Taxation |
548,322 |
-60.80 |
1,398,892 |
-28.54 |
1,957,505 |
-3.26 |
2,023,457 |
322 |
478,630 |
|
Taxation |
224,808 |
-55.41 |
504,131 |
-20.75 |
636,121 |
-3.89 |
661,901 |
266 |
180,695 |
|
Results on ordinary operations after
taxation |
323,514 |
-63.84 |
894,761 |
-32.29 |
1,321,384 |
-2.95 |
1,361,556 |
488 |
231,169 |
|
Net result |
323,514 |
-63.84 |
894,761 |
-32.29 |
1,321,383 |
-2.95 |
1,361,555 |
356 |
297,935 |
|
Profit (Loss) for the Year to |
323,514 |
-63.84 |
894,761 |
-32.29 |
1,321,383 |
-2.95 |
1,361,555 |
356 |
297,935 |
Ratio Analysis
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.09 |
-60.87 |
0.23 |
-11.54 |
0.26 |
-21.21 |
0.33 |
266 |
0.09 |
|
Return on capital employed |
1.27 |
-58.90 |
3.09 |
-28.14 |
4.30 |
-8.32 |
4.69 |
350 |
1.04 |
|
Return on total assets employed |
1.07 |
-60.07 |
2.68 |
-30.93 |
3.88 |
-6.05 |
4.13 |
358 |
0.90 |
|
Return on net assets employed |
1.27 |
-59.42 |
3.13 |
-28.54 |
4.38 |
-8.94 |
4.81 |
341 |
1.09 |
|
Sales / net working capital |
142.60 |
-3.88 |
148.35 |
-35.03 |
228.32 |
-26.32 |
309.86 |
-14.62 |
362.95 |
|
Stock turnover ratio |
0.18 |
-5.26 |
0.19 |
18.75 |
0.16 |
-15.79 |
0.19 |
-32.14 |
0.28 |
|
Creditor
days |
1.12 |
-49.55 |
2.22 |
296 |
0.56 |
-34.88 |
0.86 |
-51.96 |
1.79 |
|
Debtor
days |
3.32 |
7.44 |
3.09 |
119 |
1.41 |
76.25 |
0.80 |
-65.52 |
2.32 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current
ratio |
1.53 |
-4.38 |
1.60 |
-4.76 |
1.68 |
25.37 |
1.34 |
10.74 |
1.21 |
|
Liquidity
ratio / acid ratio |
1.39 |
-2.81 |
1.43 |
0.69 |
1.44 |
25.22 |
1.15 |
15.00 |
1.00 |
|
Current
debt ratio |
0.19 |
18.75 |
0.16 |
45.45 |
0.11 |
-21.43 |
0.14 |
-17.65 |
0.17 |
|
Cashflow |
653189 |
-48.03 |
1256935 |
-27.62 |
1736539 |
-4.73 |
1822752 |
147 |
735886 |
|
Net
worth |
43,146,233 |
-3.56 |
44,738,802 |
0.14 |
44,676,362 |
6.53 |
41,938,651 |
11.44 |
37,633,878 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
1.49 |
-23.20 |
1.94 |
-23.02 |
2.52 |
-25.66 |
3.39 |
-37.68 |
5.44 |
|
Equity
in percentage |
83.91 |
-2.17 |
85.77 |
-3.34 |
88.73 |
3.09 |
8607 |
4.57 |
82.31 |
|
Total
debt ratio |
0.19 |
11.76 |
0.17 |
30.77 |
0.13 |
-18.75 |
0.16 |
-27.27 |
0.22 |
|
Working
Capital |
4,258,039 |
2.30 |
4,162,186 |
23.93 |
3,358,429 |
67.74 |
67.74 |
53.21 |
1,306,747 |
Social
Balance Sheet
|
Social Balance Sheet |
Total |
|
|
|
During the reporting year ended 31-12-2013 |
|||
|
Full-time Employees |
25 |
|
|
|
Part-time Employees |
4 |
|
|
|
Total Fte Employees |
26 |
|
|
|
|
|||
|
Number of hours worked |
|||
|
Full-time Employees |
41,032 |
|
|
|
Part-time Employees |
1,855 |
|
|
|
Total |
42,887 |
|
|
|
|
|||
|
Personnel Charges |
|||
|
Full-time Employees |
1,828,464 |
|
|
|
Part-time Employees |
82,662 |
|
|
|
Total |
1,911,126 |
|
|
|
Benefits In Addition To Wages |
14,187 |
|
|
|
|
|||
|
During the previous reporting year |
|||
|
Average number employees in Fte |
29 |
|
|
|
Actual working hours |
48,780 |
|
|
|
Personnel Charges |
1,875,761 |
|
|
|
Benefits In Addition To Wages |
16,375 |
|
|
|
Type of Contract |
Full Time |
Part-Time |
Total Fte |
|
Unlimited Duration Contracts |
24 |
4 |
25 |
|
Gender and
Education |
||||
|
Level |
||||
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Higher education
(non university) |
13 |
--- |
13 |
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Higher education
(non university) |
11 |
4 |
12 |
|
Working Category
Full-Time |
Full Time |
Part-Time |
Total Fte |
|
White collar
worker |
20 |
4 |
21 |
|
Blue collar
worker |
4 |
- |
4 |
|
Temporary
personnel |
Total |
|
Average number
of temporary staff |
1 |
|
Actual working
hours |
1,008 |
|
Cost of temporary
staff |
21,322 |
|
New staff and
leavers |
Full Time |
Part-Time |
Total Fte |
|
New Starters |
7 |
- |
7 |
|
Leavers |
9 |
1 |
10 |
|
Total of formal
continuing vocational training initiatives for workers paid by the employer |
Male |
Female |
|
Net costs for
enterprise |
458 |
205 |
Industry
comparison
|
||
|
Activity
description |
· Engaged in dealing Rough, Fancy Colored, White Diamond & Diamond Jewelley ·
Engaged as a Wholesaler of watches and jewellery |
|
|
Industry average
payment expectation days |
243.41 |
|
|
Industry average
day sales outstanding |
357.75 |
|
Payment
expectations
Payment expectation days 1.12
Day sales outstanding 3.32
Industry
quartile analysis
|
Payment
expectations |
|
|
Company result |
1.12 |
|
Lower |
127.92 |
|
Median |
63.24 |
|
Upper |
19.14 |
Day sales
outstanding
Company result 3.32
Lower
118.84
Median
55.41
Upper 21.01
Group
Structure
No group structure for this company.
Minority
Shareholders
No minority shareholders found
Minority
Interests
Business Number Company
name Date
of accounts
- DIAROUGH JAPAN CO LTD ----
458427938 Diarough European Sales NV 31/12/2013
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 NISHIT PARIKH
Position Director
Start Date 14/03/2012
Date of birth 22/04/1965
Street 8 KASTANJELAAN
ANTWERPEN
Post code 2020
Country Belgium
Name DIAROUGH EUROPEAN
SALES NV
Position Director
Start Date 01/10/2010
Date of birth 15/07/1996
Street 30 HOVENIERSSTRAAT
ANTWERPEN
Post code 2018
Country Belgium
Position Legal
Representative
Start Date 01/10/2010
Date of birth 15/07/1996
Street 30 HOVENIERSSTRAAT
ANTWERPEN
Post code 2018
Country Belgium
Name PRADEEP TAKSALI
Position Director
Start Date 01/01/2007
Former Director
Details
Name NISHIT PARIKH
Position Managing Director
Start Date 16/07/2003
End Date Unknown date
Date of birth 22/04/1965
Street 8 KASTANJELAAN
ANTWERPEN
Post code 2020
Country Belgium
Name MAHENDRA PARIKH
Position Director
Start Date 18/10/2007
End Date Unknown date
Street 5 HAGEDOORNLAAN
ANTWERPEN
Post code 2020
Country Belgium
Name SWATE MAHENDR
PARIKH
Position Chairman of the
Board
Start Date 10/05/1996
End Date Unknown date
Date of birth 18/06/1970
Street 90 DESGUINLEI
ANTWERPEN
Post code 2018
Country Belgium
Position Managing Director
Start Date 01/07/2008
End Date Unknown date
Date of birth 18/06/1970
Street 90 DESGUINLEI
ANTWERPEN
Post code 2018
Country Belgium
Position Director
Start Date 16/07/2003
End Date Unknown date
Date of birth 18/06/1970
Street 90 DESGUINLEI
ANTWERPEN
Post code 2018
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.03 |
|
|
1 |
Rs.99.27 |
|
Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.