|
Report No. : |
310855 |
|
Report Date : |
14.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
HORIZON DIAMONDS BVBA |
|
|
|
|
Registered Office : |
Schupstraat 1, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
16.06.1977 |
|
|
|
|
Com. Reg. No.: |
417418813 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
|
|
|
|
No of Employees : |
1 |
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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Business number 417418813
Branche Unit
Number 2013889155
Company name HORIZON DIAMONDS
BVBA
Address SCHUPSTRAAT 1
2018 ANTWERPEN
Number of staff 1
Date of
establishment 16/06/1977
Telephone number 032343464
Fax number 032343976
The business was
established over 37 years ago.
The business has 1
employees.
The business has
been at the address for over 27 years.
The credit rating
for this business has increased from 92 to 97.
The credit limit
for this business has increased from €335000 to €355000.
Operating Result in the latest trading period increased 31% on the
previous trading period.
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
24,179,272 |
111,364 |
4,991,046 |
5,058,379 |
|
31/12/2012 |
20,722,962 |
97,793 |
4,911,682 |
4,986,026 |
|
31/12/2011 |
29,135,760 |
103,749 |
4,945,889 |
5,025,216 |
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
12,970,895 |
1 |
4,600,000 |
117,488 |
|
31/12/2012 |
13,231,794 |
1 |
4,600,000 |
107,413 |
|
31/12/2011 |
12,659,841 |
0 |
4,600,000 |
118,221 |
Trends
Profitability
Liquidity
Net worth
|
Past
payments |
|
Payment
expectation days |
76.81 |
|
Industry
average payment expectation days |
127.02 |
Industry
average day sales outstanding |
185.93 |
|
Day sales
outstanding |
52.28 |
|
|
BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons –
|
Business number |
417418813 |
Company name |
HORIZON DIAMONDS BVBA |
|
Fax number |
032343976 |
Date founded |
16/06/1977 |
|
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.0417.418.813 Check VAT number |
|
Belgian Bullettin of Acts Publications |
|
|
Registered
contractor number -
Contractor
description -
Date struck off
register
Personnel (NSSO
classification)
Code -
Description -
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 20/09/2010
Event Description resignation-appointment
of director(s)
Event Details Commentaar
20-09-2010: Bevestiging van het ontslag als statutair zaakvoerder van de heer
Mehta Girish.
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 |
294,619 |
-5.05 |
310,275 |
-11.46 |
350,435 |
31.45 |
266,594 |
11.35 |
239,412 |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Tangible
fixed assets |
289,770 |
-5.13 |
305,426 |
-11.62 |
345,585 |
32.03 |
261,745 |
11.59 |
234,563 |
|
Land
& building |
255,096 |
-7.11 |
274,633 |
-6.64 |
294,171 |
41.64 |
207,693 |
5.63 |
196,629 |
|
Plant
& machinery |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Furniture
& Vehicles |
34,674 |
12.61 |
30,792 |
-40.11 |
51,415 |
-4.88 |
54,052 |
42.49 |
37,934 |
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Financial fixed assets |
4,849 |
-0.01 |
4,849 |
0 |
4,849 |
0 |
4,849 |
0.01 |
4,849 |
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
12,676,276 |
-1.90 |
12,921,519 |
4.97 |
12,309,406 |
1.20 |
12,163,984 |
-26.05 |
16,449,299 |
|
Inventories |
8,956,183 |
6.07 |
8,443,740 |
13.85 |
7,416,864 |
49.18 |
4,971,707 |
-51.39 |
10,227,171 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
8,956,183 |
6.07 |
8,443,740 |
13.85 |
7,416,864 |
49.18 |
4,971,707 |
-51.39 |
10,227,171 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Trade debtors |
3,463,051 |
-17.59 |
4,202,192 |
-13.52 |
4,859,359 |
-28.64 |
6,809,626 |
11.77 |
6,092,606 |
|
Other amounts receivable |
62,252 |
-17.43 |
75,397 |
1035 |
6,642 |
13.78 |
5,837 |
509 |
957 |
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
194,453 |
-2.70 |
199,853 |
662 |
26,205 |
-93.04 |
376,477 |
193 |
128,228 |
|
Miscellaneous current assets |
337 |
0.07 |
337 |
0 |
337 |
0 |
337 |
-0.07 |
337 |
|
Total Assets |
12,970,895 |
-1.97 |
13,231,794 |
4.52 |
12,659,841 |
1.84 |
12,430,578 |
-25.52 |
16,688,711 |
Liabilities
|
Total
shareholders equity |
4,991,046 |
1.62 |
4,911,682 |
-0.69 |
4,945,889 |
1.47 |
4,874,140 |
1.37 |
4,808,063 |
|
|
|
|
|
|
|
|
|
|
|
|
Issued
share capital |
4,600,000 |
0 |
4,600,000 |
0 |
4,600,000 |
0 |
4,600,000 |
0 |
4,600,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Share
premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Revaluation
reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Reserves |
391,046 |
25.46 |
311,682 |
-9.89 |
345,889 |
26.17 |
274,140 |
31.76 |
208,063 |
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Deffered
taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Creditors |
7,979,849 |
-4.09 |
8,320,112 |
7.86 |
7,713,952 |
2.08 |
7,556,438 |
-36.40 |
11,880,648 |
|
|
|
|
|
|
|
|
|
|
|
|
Other
long term loans |
361,952 |
-5.89 |
384,620 |
-10.50 |
429,762 |
-3.70 |
446,271 |
-1.60 |
453,537 |
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
long term debts |
361,952 |
-5.89 |
384,620 |
-10.50 |
429,762 |
-3.70 |
446,271 |
-1.60 |
453,537 |
|
|
|
|
|
|
|
|
|
|
|
|
Current
portion of long term debt |
6,950 |
-78.18 |
31,845 |
10.80 |
28,742 |
-1.11 |
29,065 |
-13.64 |
33,656 |
|
Financial
debts |
2,505,845 |
8.24 |
2,315,152 |
16.69 |
1,983,959 |
6.03 |
1,871,075 |
-1.69 |
1,903,199 |
|
Trade
creditors |
5,032,754 |
-4.78 |
5,285,141 |
3.82 |
5,090,663 |
-0.97 |
5,140,573 |
-43.94 |
9,170,295 |
|
Amounts
Payable for Taxes, Remuneration & Social
Security |
38,414 |
343 |
8,657 |
-1.89 |
8,823 |
13.72 |
7,759 |
76.78 |
4,389 |
|
|
|
|
|
|
|
|
|
|
|
|
Miscellaneous
current liabilities |
33,934 |
-88.49 |
294,698 |
71.33 |
172,003 |
178 |
61,696 |
-80.45 |
315,572 |
|
Total
current liabilities |
7,617,897 |
-4.00 |
7,935,493 |
8.94 |
7,284,190 |
2.45 |
7,110,167 |
-37.78 |
11,427,111 |
|
|
|
|
|
|
|
|
|
|
|
|
Total
Liabilities |
12,970,895 |
-1.97 |
13,231,794 |
4.52 |
12,659,841 |
1.84 |
12,430,578 |
-25.52 |
16,688,711 |
Ratio analysis
|
TRADING
PERFORMANCE |
|||||||||
|
Profit Before Tax |
0.46 |
-2.13 |
0.47 |
30.56 |
0.36 |
38.46 |
0.26 |
-10.34 |
0.29 |
|
Return on capital employed |
2.08 |
12.43 |
1.85 |
-4.15 |
1.93 |
7.22 |
1.80 |
29.50 |
1.39 |
|
Return on total assets employed |
0.86 |
16.22 |
0.74 |
-9.76 |
0.82 |
6.49 |
0.77 |
75.00 |
0.44 |
|
Return on net assets employed |
2.23 |
12.06 |
1.99 |
-5.24 |
2.10 |
6.60 |
1.97 |
28.76 |
1.53 |
|
Sales / net working capital |
4.78 |
14.90 |
4.16 |
-28.28 |
5.80 |
-19.89 |
7.24 |
45.67 |
4.97 |
|
Stock turnover ratio |
37.04 |
-9.10 |
40.75 |
60.05 |
25.46 |
87.34 |
13.59 |
-66.81 |
40.94 |
|
Creditor days |
76.81 |
-18.28 |
93.99 |
46.20 |
64.29 |
24.71 |
51.55 |
-61.87 |
135.20 |
|
Debtor days |
52.28 |
-29.36 |
74.01 |
21.57 |
60.88 |
-10.38 |
67.93 |
-23.70 |
89.03 |
|
SHORT
TERM STABILITY |
|||||||||
|
Current ratio |
1.66 |
1.84 |
1.63 |
-3.55 |
1.69 |
-1.17 |
1.71 |
18.75 |
1.44 |
|
|
|
|
|
|
|
|
|
|
|
|
Liquidity ratio / acid ratio |
0.49 |
-12.50 |
0.56 |
-16.42 |
0.67 |
-33.66 |
1.01 |
87.04 |
0.54 |
|
|
|
|
|
|
|
|
|
|
|
|
Current debt ratio |
1.53 |
-5.56 |
1.62 |
10.20 |
1.47 |
0.68 |
1.46 |
-38.66 |
2.38 |
|
|
|
|
|
|
|
|
|
|
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Cashflow |
117,488 |
9.38 |
107,413 |
-9.14 |
118,221 |
20.94 |
97,749 |
32.38 |
73,839 |
|
|
|
|
|
|
|
|
|
|
|
|
Net worth |
4,991,046 |
1.62 |
4,911,682 |
-0.69 |
4,945,889 |
1.47 |
4,874,140 |
1.37 |
4,808,063 |
|
|
|
|
|
|
|
|
|
|
|
|
LONG
TERM STABILITY |
|||||||||
|
Gearing |
57.60 |
3.58 |
55.61 |
12.62 |
49.38 |
2.58 |
48.14 |
-3.18 |
49.72 |
|
|
|
|
|
|
|
|
|
|
|
|
Equity in percentage |
38.48 |
3.66 |
37.12 |
-4.99 |
39.07 |
-0.36 |
39.21 |
36.10 |
28.81 |
|
|
|
|
|
|
|
|
|
|
|
|
Total debt ratio |
1.60 |
-5.33 |
1.69 |
8.33 |
1.56 |
0.65 |
1.55 |
-37.25 |
2.47 |
|
|
|
|
|
|
|
|
|
|
|
|
Working capital |
5,058,379 |
1.45 |
4,986,026 |
-0.78 |
5,025,216 |
-0.57 |
5,053,817 |
0.63 |
5,022,188 |
Profit & loss
|
Operating Income |
24,179,272 |
16.68 |
20,722,962 |
-28.88 |
29,138,760 |
-20.36 |
36,590,001 |
46.49 |
24,978,598 |
|
Turnover |
24,179,272 |
16.68 |
20,722,962 |
-28.87 |
29,135,760 |
-20.37 |
36,589,729 |
46.48 |
24,978,487 |
|
Total operating expenses |
23,917,043 |
16.54 |
20,523,357 |
-28.99 |
28,901,357 |
-20.60 |
36,398,640 |
47.03 |
24,756,420 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Operating Charges |
23,917,043 |
16.54 |
20,523,357 |
-29.00 |
28,904,357 |
-20.59 |
36,398,912 |
47.03 |
24,756,531 |
|
Employee costs |
43,609 |
24.56 |
35,011 |
3.39 |
33,864 |
1.36 |
33,410 |
-3.96 |
34,786 |
|
Wages and salary |
34,651 |
21.31 |
28,564 |
9.74 |
26,029 |
-3.88 |
27,080 |
-0.70 |
27,270 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
8,958 |
49.91 |
5,976 |
-22.55 |
7,715 |
24.23 |
6,210 |
-16.04 |
7,397 |
|
Other employee costs |
0 |
-100 |
471 |
294 |
119 |
0 |
119 |
0.34 |
119 |
|
Director remuneration |
132,044 |
1.54 |
130,041 |
-5.89 |
138,175 |
14.01 |
121,192 |
-15.36 |
143,193 |
|
Amortization and depreciation |
38,124 |
-8.40 |
41,620 |
-10.44 |
46,472 |
46.73 |
31,672 |
44.61 |
21,901 |
|
|
|
|
|
|
|
|
|
|
|
|
Operating result |
262,229 |
31.37 |
199,605 |
-14.85 |
234,404 |
22.67 |
191,089 |
-13.95 |
222,067 |
|
Total financial income |
2 |
- |
- |
- |
1 |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Total financial expenses |
150,867 |
48.18 |
101,812 |
-22.08 |
130,656 |
37.27 |
95,182 |
-36.00 |
148,732 |
|
|
|
|
|
|
|
|
|
|
|
|
Results on ordinary operations before taxation |
111,364 |
13.88 |
97,793 |
-5.74 |
103,749 |
8.18 |
95,906 |
30.78 |
73,335 |
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Results for the Year Before Taxation |
111,364 |
13.88 |
97,793 |
-5.74 |
103,749 |
8.18 |
95,906 |
30.78 |
73,335 |
|
|
|
|
|
|
|
|
|
|
|
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Taxation |
32,000 |
0 |
32,000 |
0 |
32,000 |
7.28 |
29,829 |
39.41 |
21,397 |
|
Results on ordinary operations after taxation |
79,364 |
20.63 |
65,793 |
-8.30 |
71,749 |
8.58 |
66,077 |
27.22 |
51,938 |
|
|
|
|
|
|
|
|
|
|
|
|
Net result |
79,364 |
20.63 |
65,793 |
-8.30 |
71,749 |
8.58 |
66,077 |
27.22 |
51,938 |
|
|
|
|
|
|
|
|
|
|
|
|
Profit (Loss) for the Year to be
appropriated |
79,364 |
20.63 |
65,793 |
-8.30 |
71,749 |
8.58 |
66,077 |
27.22 |
51,938 |
|
|
|
|
|
|
|
|
|
|
|
|
Dividends |
- |
- |
100,000 |
- |
- |
- |
- |
- |
- |
Social Balance Sheet
Details
Social Balance
Sheet Total
During the
reporting year ended 31-12-2013
Full-time
Employees -
Part-time
Employees 2
Total Fte
Employees 1
Number of hours
worked
Full-time
Employees -
Part-time
Employees 1,786
Total 1,786
Personnel Charges
Full-time
Employees -
Part-time
Employees 43,609
Total 43,609
Benefits In
Addition To Wages -
During the
previous reporting year
Average number
employees in Fte 1
Actual working
hours 1,398
Personnel Charges 35,011
Benefits In
Addition To Wages –
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited
Duration |
- |
2 |
1 |
|
Contracts |
|
|
|
|
Limited
Duration Contracts |
- |
- |
- |
|
Contracts
For Specific Work |
- |
- |
- |
|
Contracts
Regarding |
- |
- |
- |
Gender
and Education Level
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
- |
- |
- |
|
Secondairy
education |
- |
1 |
1 |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
- |
- |
- |
|
Secondairy
education |
- |
1 |
1 |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
- |
1 |
1 |
|
Blue
collar worker |
- |
1 |
1 |
|
Other |
- |
- |
- |
|
Temporary
personnel |
|
Total |
|
|
Average number of temporary staff |
- |
|
|
|
Actual
working hours |
|
- |
|
|
Cost
of temporary staff |
|
- |
|
|
New
staff and leavers |
Full-Time |
Part-Time |
Total
Fte |
|
New
Starters |
- |
2 |
1 |
|
Leavers |
- |
1 |
1 |
|
Total
of formal continuing vocational training
initiatives for workers paid by the employer |
Male |
Female |
|
Number
of employees |
- |
- |
|
Number
of training hours |
- |
- |
|
Net
costs for enterprise |
- |
- |
|
Total
of less formal and informal continuing
vocational training initiatives for workers
paid by the employer |
Male |
Female |
|
Number
of employees |
- |
- |
|
Number
of training hours |
- |
- |
|
Net
costs for enterprise |
- |
- |
|
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 46761
Activity
description Wholesale of
diamonds and other precious stones
Suspension of
payments / moratorium history
Amount -
Details -
Payment
expectations
Payment
expectation days 76.81
Day sales
outstanding 52.28
Industry
comparison
Activity code 46761
Activity
description Wholesale of
diamonds and other precious stones
Industry average
payment expectation days 127.02
Industry average
day sales outstanding 185.93
Industry quartile
analysis
Payment
expectations
Company result 76.81
Lower 120.44
Median 74.93
Upper 46.53
Day sales
outstanding
Company result 52.28
Lower 102.33
Median 54.07
Upper 24.12
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
No minority shareholders
found
Minority Interests
No minority
interests found
Companies that
match this address
No Companies Match
this address
Summary
Group - Number of
Companies 0
Linkages - Number
of Companies 0
Number of
Countries 0
There is no data
for this company
There is no data
for this company
There is no data
for this company
Current director
details
Name KSHITIJ JITENDRA
SHAH
Position Principal Manager
Start Date 07/07/2014
Street 35 BELGIËLEI
ANTWERPEN
Post code 2018
Country Belgium
Former director
details
Name KERUL BHARATKUMAR
SHAH
Position Principal Manager
Start Date 09/09/2010
End Date Unknown date
Date of birth 18/02/1978
Street 67 BELGIËLEI
ANTWERPEN
Post code 2018
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.67 |
|
|
1 |
Rs. 93.16 |
|
Euro |
1 |
Rs. 66.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
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.