MIRA INFORM REPORT
|
Report No. : |
314688 |
|
Report Date : |
25.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
ASHISH DIAMOND BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 2-Bus 343 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
11.07.1989 |
|
|
|
|
Com. Reg. No.: |
437765552 |
|
|
|
|
Legal Form : |
Private Limited Company (BL/LX) |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALE OF DIAMONDS AND OTHER PRECIOUS STONES |
|
|
|
|
No. of Employee : |
2 |
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 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 |
Company
summary
Business
number 437765552
Branche
Unit Number 2044077931
Company
name ASHISH DIAMOND BVBA
Address
HOVENIERSSTRAAT 2-BUS 343
2018 ANTWERPEN
Number
of staff 2
Date
of establishment 11/07/1989
Telephone
number 032310403
Fax number 032343554
Commentary
The business was established over 25 years ago.
The business has 1 employees.
Number of employees in the latest trading period increased 100% on the previous trading period.
The business has been at the address for over 17 years.
The credit rating for this business has increased from 89 to 91.
The credit limit for this business has increased from €865000 to €1050000.
The business saw an increase in their Cash Balance of 53% during the latest trading period.
Turnover in the latest trading period increased 28% on the previous trading period.
Accounts
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
43,507,859 |
97,044 |
5,974,254 |
5,035,234 |
|
31/12/2012 |
33,891,098 |
108,152 |
6,145,142 |
5,187,365 |
|
31/12/2011 |
36,488,151 |
482,397 |
6,156,471 |
5,170,254 |
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
14,558,597 |
2 |
5,148,210 |
130,473 |
|
31/12/2012 |
12,567,373 |
1 |
5,381,090 |
139,068 |
|
31/12/2011 |
11,375,047 |
1 |
5,487,590 |
507,634 |
Trends
Profitability
Liquidity
Net worth
Payment
expectations
|
Past payments |
|
Payment expectation days |
38.92 |
|
Industry average payment |
126.95 |
Industry average day sales |
186.10 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
100.73 |
|
|
Court data summary
BANKRUPTCY
DETAILS
Court action type No
PROTESTED
BILLS
Bill amount -
NSSO DETAILS
Date of summons 20/12/2011
Company
information
|
Business number |
437765552 |
Company name |
ASHISH DIAMOND BVBA |
|
Fax number |
032343554 |
Date founded |
11/07/1989 |
|
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 |
VAT Number |
BE.0437.765.552 Check VAT |
|
|
other precious stones |
|
number |
|
Belgian Bullettin of Acts |
moniteur belge |
|
|
Contractor details
|
Registered contractor |
- |
|
number |
|
|
Contractor description |
- |
|
Date struck off register |
|
|
PERSONNEL
(NSSO CLASSIFICATION) |
|
|
Code |
- |
|
Description |
- |
JOINT INDUSTRIAL COMMITTEE (JIC)
Event Date 18/12/2008
Event
Description
Event Details Als vergoeding voor de inbreng in het kapitaal, worden 313 nieuw volledig afbetaalde aandelen toegekend aan: Bhansali Kejal en als vergoeding voor de inbreng in het kapitaal, worden 424 nieuwe volstorte aandelen toegekend aan Mody Setul.
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 |
939,020 |
-1.96 |
957,777 |
-2.88 |
986,217 |
13.36 |
869,981 |
55.34 |
560,058 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
938,547 |
-1.96 |
957,282 |
-2.90 |
985,913 |
13.36 |
869,686 |
55.36 |
559,786 |
|
Land & building |
785,374 |
-5.61 |
832,042 |
-3.24 |
859,871 |
1.93 |
843,616 |
63.50 |
515,988 |
|
Plant & machinery |
4,646 |
-23.61 |
6,082 |
145 |
2,473 |
298 |
621 |
-61.36 |
1,607 |
|
Furniture & Vehicles |
62,013 |
271 |
16,687 |
-20.16 |
20,901 |
-17.87 |
25,449 |
-39.68 |
42,190 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
86,514 |
-15.57 |
102,471 |
-0.19 |
102,668 |
- |
0 |
-100 |
1 |
|
Financial fixed assets |
473 |
-4.44 |
495 |
62.30 |
305 |
3.74 |
294 |
7.69 |
273 |
|
Total current assets |
13,619,577 |
17.31 |
11,609,596 |
11.75 |
10,388,830 |
18.15 |
8,793,102 |
5.73 |
8,316,424 |
|
Inventories |
1,590,226 |
0.25 |
1,586,216 |
-56.37 |
3,635,846 |
42.29 |
2,555,170 |
123 |
1,142,223 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
1,590,226 |
0.25 |
1,586,216 |
-56.37 |
3,635,846 |
42.29 |
2,555,170 |
123 |
1,142,223 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
12,007,515 |
19.93 |
10,011,932 |
49.06 |
6,716,492 |
8.08 |
6,214,369 |
-5.02 |
6,542,832 |
|
Other amounts receivable |
6,138 |
399 |
1,229 |
-80.36 |
6,257 |
39.63 |
4,481 |
-50.48 |
9,048 |
|
Cash |
15,698 |
53.62 |
10,219 |
-66.20 |
30,234 |
58.43 |
19,083 |
-96.93 |
622,322 |
|
Miscellaneous current assets |
0 |
- |
0 |
-100 |
1 |
100 |
-1 |
- |
0 |
|
Total Assets |
14,558,597 |
15.84 |
12,567,373 |
10.48 |
11,375,047 |
17.72 |
9,663,083 |
8.86 |
8,876,482 |
LIABILITIES
|
Total shareholders equity |
5,974,254 |
-2.78 |
6,145,142 |
-0.18 |
6,156,471 |
12.04 |
5,494,819 |
10.36 |
4,978,860 |
|
Issued share capital |
5,148,210 |
-4.33 |
5,381,090 |
-1.94 |
5,487,590 |
3.27 |
5,313,640 |
7.81 |
4,928,820 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
826,044 |
8.11 |
764,052 |
14.23 |
668,881 |
269 |
181,179 |
262 |
50,040 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
8,584,343 |
33.67 |
6,422,231 |
23.06 |
5,218,576 |
25.20 |
4,168,265 |
6.94 |
3,897,622 |
|
Other long term loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
0 |
-1 |
- |
0 |
|
Total long term debts |
0 |
- |
0 |
- |
0 |
0 |
-1 |
- |
0 |
|
Current portion of long term debt |
- |
- |
- |
- |
- |
- |
393 |
7.97 |
364 |
|
Financial debts |
3,917,761 |
1.47 |
3,860,861 |
46.50 |
2,635,330 |
9.51 |
2,406,571 |
-5.30 |
2,541,263 |
|
Trade creditors |
4,599,686 |
82.61 |
2,518,815 |
1.16 |
2,489,998 |
45.86 |
1,707,163 |
28.42 |
1,329,401 |
|
Amounts Payable for Taxes, |
24,315 |
257 |
6,803 |
-76.91 |
29,469 |
227 |
8,995 |
156 |
3,506 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
42,581 |
19.10 |
35,752 |
-43.94 |
63,779 |
41.28 |
45,143 |
95.53 |
23,088 |
|
Total current liabilities |
8,584,343 |
33.67 |
6,422,231 |
23.06 |
5,218,576 |
25.20 |
4,168,265 |
6.94 |
3,897,622 |
|
Total Liabilities |
14,558,597 |
15.84 |
12,567,373 |
10.48 |
11,375,047 |
17.72 |
9,663,083 |
8.86 |
8,876,482 |
RATIO ANALYSIS
|
TRADING
PERFORMANCE |
|||||||||
|
Profit Before Tax |
0.22 |
-31.25 |
0.32 |
-75.76 |
1.32 |
676 |
0.17 |
9.94 |
-1.71 |
|
Return on capital employed |
1.62 |
-7.95 |
1.76 |
-77.55 |
7.84 |
959 |
0.74 |
13.48 |
-5.49 |
|
Return on total assets employed |
0.67 |
-22.09 |
0.86 |
-79.72 |
4.24 |
909 |
0.42 |
13.64 |
-3.08 |
|
Return on net assets employed |
1.62 |
-7.95 |
1.76 |
-77.55 |
7.84 |
959 |
0.74 |
13.48 |
-5.49 |
|
Sales / net working capital |
8.64 |
32.31 |
6.53 |
-7.51 |
7.06 |
36.56 |
5.17 |
42.82 |
3.62 |
|
Stock turnover ratio |
3.66 |
-21.79 |
4.68 |
-53.01 |
9.96 |
-6.83 |
10.69 |
49.72 |
7.14 |
|
Creditor days |
38.92 |
42.10 |
27.39 |
8.00 |
25.36 |
-3.46 |
26.27 |
-12.87 |
30.15 |
|
Debtor days |
100.73 |
-6.58 |
107.83 |
60.49 |
67.19 |
-29.23 |
94.94 |
-36.42 |
149.33 |
|
SHORT
TERM STABILITY |
|||||||||
|
Current ratio |
1.59 |
-12.15 |
1.81 |
-9.05 |
1.99 |
-5.69 |
2.11 |
-0.94 |
2.13 |
|
Liquidity ratio / acid ratio |
1.40 |
-10.26 |
1.56 |
20.93 |
1.29 |
-14.00 |
1.50 |
-18.48 |
1.84 |
|
Current debt ratio |
1.44 |
37.14 |
1.05 |
23.53 |
0.85 |
11.84 |
0.76 |
-2.56 |
0.78 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
130,473 |
-6.18 |
139,068 |
-72.60 |
507,634 |
216 |
160,513 |
62.91 |
-255,132 |
|
Net worth |
5,974,254 |
-2.78 |
6,145,142 |
-0.18 |
6,156,471 |
12.04 |
5,494,819 |
10.36 |
4,978,860 |
|
LONG
TERM STABILITY |
|||||||||
|
Gearing |
65.58 |
4.38 |
62.83 |
46.76 |
42.81 |
-2.26 |
43.80 |
-14.20 |
51.05 |
|
Equity in percentage |
41.04 |
-16.07 |
48.90 |
-9.65 |
54.12 |
-4.82 |
56.86 |
1.37 |
56.09 |
|
Total debt ratio |
1.44 |
37.14 |
1.05 |
23.53 |
0.85 |
11.84 |
0.76 |
-2.56 |
0.78 |
|
Working capital |
5,035,234 |
-2.93 |
5,187,365 |
0.33 |
5,170,254 |
11.79 |
4,624,837 |
4.66 |
4,418,802 |
PROFIT
& LOSS
|
Operating Income |
43,510,702 |
28.26 |
33,923,433 |
-7.03 |
36,488,403 |
52.72 |
23,891,919 |
49.28 |
16,004,786 |
|
Turnover |
43,507,859 |
28.38 |
33,891,098 |
-7.12 |
36,488,151 |
52.72 |
23,891,839 |
49.40 |
15,992,285 |
|
Total operating expenses |
43,141,480 |
28.51 |
33,571,826 |
-6.31 |
35,833,993 |
51.06 |
23,720,934 |
47.39 |
16,094,003 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
43,144,323 |
28.39 |
33,604,161 |
-6.22 |
35,834,246 |
51.07 |
23,721,014 |
47.28 |
16,106,504 |
|
Employee costs |
54,651 |
55.51 |
35,142 |
-1.47 |
35,668 |
240 |
10,490 |
- |
- |
|
Wages and salary |
50,439 |
69.56 |
29,747 |
16.36 |
25,565 |
265 |
6,999 |
- |
- |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
4,156 |
-22.97 |
5,395 |
-46.60 |
10,103 |
189 |
3,491 |
- |
- |
|
Other employee costs |
57 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Director remuneration |
33,365 |
0.06 |
33,346 |
-14.03 |
38,788 |
-7.66 |
42,005 |
-4.09 |
43,794 |
|
Amortization and depreciation |
35,415 |
14.55 |
30,916 |
19.54 |
25,863 |
-22.29 |
33,281 |
36.98 |
24,297 |
|
Operating result |
366,379 |
14.75 |
319,272 |
-51.19 |
654,158 |
282 |
170,905 |
168 |
-101,718 |
|
Total financial income |
129 |
-54.90 |
286 |
-94.93 |
5,644 |
1732 |
308 |
833 |
33 |
|
Total financial expenses |
269,464 |
27.46 |
211,406 |
19.17 |
177,405 |
35.97 |
130,475 |
-23.92 |
171,504 |
|
Results on ordinary operations |
97,044 |
-10.27 |
108,152 |
-77.58 |
482,397 |
1084 |
40,739 |
14.91 |
-273,189 |
|
before taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
86,493 |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
-100 |
86,493 |
- |
0 |
|
Results for the Year Before |
97,044 |
-10.27 |
108,152 |
-77.58 |
482,397 |
279 |
127,232 |
46.57 |
-273,189 |
|
Taxation |
|
|
|
|
|
|
|
|
|
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
1,986 |
- |
- |
- |
626 |
- |
- |
- |
6,241 |
|
Results on ordinary operations |
95,058 |
-12.11 |
108,152 |
-77.55 |
481,771 |
1082 |
40,739 |
14.58 |
-279,430 |
|
after taxation |
|
|
|
|
|
|
|
|
|
|
Net result |
95,058 |
-12.11 |
108,152 |
-77.55 |
481,771 |
278 |
127,232 |
45.53 |
-279,429 |
|
Profit (Loss) for the Year to be appropiated |
95,058 |
-12.11 |
108,152 |
-77.55 |
481,771 |
278 |
127,232 |
45.53 |
-279,429 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Social
Balance Sheet Details
|
Social Balance Sheet |
Total |
|
During the reporting year |
|
|
ended 31-12-2013 |
|
|
Full-time Employees |
1 |
|
Part-time Employees |
1 |
|
Total Fte Employees |
2 |
|
Number of hours worked |
|
|
Full-time Employees |
2,310 |
|
Part-time Employees |
928 |
|
Total |
3,238 |
|
Personnel Charges |
|
|
Full-time Employees |
38,986 |
|
Part-time Employees |
15,665 |
|
Total |
54,651 |
|
Benefits In Addition To Wages |
- |
|
During the previous reporting year |
|
|
Average number employees in Fte |
1 |
|
Actual working hours |
2,090 |
|
Personnel Charges |
33,621 |
|
Benefits In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration |
2 |
1 |
3 |
|
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 |
2 |
- |
2 |
|
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 |
2 |
|
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 |
1 |
- |
1 |
|
Leavers |
- |
- |
- |
Industry
comparison
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
Information
|
Suspension of payments / moratorium
history |
|
|
Amount |
- |
|
Details |
- |
|
PAYMENT
EXPECTATIONS |
|
|
Payment expectation days |
38.92 |
|
Day sales outstanding |
100.73 |
|
INDUSTRY
COMPARISON |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
Industry average payment expectation days |
126.95 |
|
Industry average day sales outstanding |
186.10 |
Industry
quartile analysis
Payment
expectations
Company
result 38.92
Lower
120.34
Median
74.93
Upper
46.53
Day sales
outstanding
Company
result 100.73
Lower
102.27
Median
54.07
Upper
24.31
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
No
minority shareholders found
MINORITY
INTERESTS
No
minority interests found
Individual
Shareholders
SHAREHOLDER
NAME
|
Forename |
Setul |
Middle name |
- |
|
Surname |
Mody |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
15/01/2009(estimated) |
End date |
- |
|
Percentage owned |
- |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
- |
House number |
- |
|
Minor town |
- |
Postal town |
- |
|
Post code |
- |
Country |
- |
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Kejal |
Middle name |
- |
|
Surname |
Bhansali |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
15/01/2009(estimated) |
End date |
- |
|
Percentage owned |
- |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
- |
House number |
- |
|
Minor town |
- |
Postal town |
- |
|
Post code |
- |
Country |
- |
COMPANIES THAT MATCH THIS ADDRESS
No Companies Match this address
Linked Companies
SUMMARY
|
Group - Number of Companies |
0 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
SUMMONS
|
Legal event type |
Social Security Summons |
|
|
Event date |
20/12/2011 |
|
|
Court type |
Court name |
Antwerpen |
|
Creditor's name |
3rd party type |
|
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 |
ASHISH BHANSALI |
|
Position |
Principal Manager |
|
Start Date |
10/10/1996 |
|
Street |
170 BELGIËLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
Former director
details
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.92.93 |
|
Euro |
1 |
Rs.68.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.