|
Report No. : |
315254 |
|
Report Date : |
27.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
HK DIAM BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 2-Bus 135 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
29.07.2002 |
|
|
|
|
Com. Reg. No.: |
478090135 |
|
|
|
|
Legal Form : |
Private Limited Company (BL/LX) |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALE OF DIAMONDS AND OTHER PRECIOUS STONES |
|
|
|
|
No. of Employee : |
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 : |
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 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 478090135
Company
name HK DIAM BVBA
Address
HOVENIERSSTRAAT 2-BUS 135
2018 ANTWERPEN
Number
of staff 1
Date
of establishment 29/07/2002
Telephone
number 032340373
Fax number 032340373
The business was established over 12 years ago.
The business has 1 employees.
The business has been at the address for over 8 years.
The credit rating for this business has decreased from 95 to 90.
The credit limit for this business has decreased from €3150000 to €2950000.
Operating Result in the latest trading period increased 60% on the previous trading period.
Pre-tax profits increased by 50% compared to the previous trading period.
The business saw an increase in their Cash Balance of 53% during the latest trading period.
Turnover in the latest trading period increased 91% on the
previous trading period.
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
212,907,034 |
366,651 |
4,436,399 |
6,956,849 |
|
31/12/2012 |
111,181,138 |
244,161 |
4,179,831 |
6,749,927 |
|
31/12/2011 |
77,730,205 |
182,214 |
4,000,915 |
3,809,953 |
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
35,043,541 |
1 |
3,495,000 |
278,783 |
|
31/12/2012 |
34,475,058 |
1 |
3,495,000 |
199,173 |
|
31/12/2011 |
37,587,273 |
1 |
3,495,000 |
156,370 |
Profitability
Liquidity
Net worth
|
Past payments |
|
Payment expectation days |
23.63 |
|
Industry average payment |
126.75 |
Industry average day sales |
186.10 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
57.36 |
|
|
BANKRUPTCY
DETAILS
Court
action type No
PROTESTED
BILLS
Bill
amount -
NSSO
DETAILS
Date
of summons 31/05/2010
|
Business number |
478090135 |
Company name |
HK DIAM BVBA |
|
Fax number |
032340373 |
Date founded |
29/07/2002 |
|
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.0478.090.135 Check VAT |
|
|
other precious stones |
|
number |
|
Belgian Bullettin of Acts |
moniteur belge |
|
|
|
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 |
|
|
SIGNIFICANT
EVENTS |
|
|
Event Date |
16/05/2011 |
|
Event Description |
resignation-appointment of director(s) |
|
Event Details |
Commentaar 08-03-2011: Bevestiging van
de benoeming van Dholakia Dharmesh als
zaakvoerder. |
|
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 |
311,068 |
-5.44 |
328,952 |
-1.93 |
335,420 |
-5.05 |
353,276 |
-5.03 |
371,991 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
310,138 |
-5.61 |
328,582 |
-1.93 |
335,050 |
-5.06 |
352,906 |
-5.04 |
371,621 |
|
Land & building |
285,902 |
-2.85 |
294,278 |
-2.77 |
302,654 |
-2.69 |
311,030 |
-2.62 |
319,405 |
|
Plant & machinery |
16,907 |
-11.42 |
19,087 |
114 |
8,911 |
-11.97 |
10,123 |
-16.99 |
12,195 |
|
Furniture & Vehicles |
7,329 |
-51.84 |
15,217 |
-35.21 |
23,485 |
-26.04 |
31,753 |
-20.66 |
40,021 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
930 |
151 |
370 |
0 |
370 |
0 |
370 |
0 |
370 |
|
Total current assets |
34,732,474 |
1.72 |
34,146,107 |
-8.34 |
37,251,853 |
9.09 |
34,146,334 |
44.40 |
23,647,666 |
|
Inventories |
1,151,453 |
-13.48 |
1,330,880 |
-65.50 |
3,857,607 |
-27.98 |
5,356,493 |
16.73 |
4,588,912 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
1,151,453 |
-13.48 |
1,330,880 |
-65.50 |
3,857,607 |
-27.98 |
5,356,493 |
16.73 |
4,588,912 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
33,456,683 |
2.16 |
32,747,700 |
-1.51 |
33,248,620 |
20.65 |
27,557,368 |
45.04 |
18,999,978 |
|
Other amounts receivable |
10,297 |
89.82 |
5,425 |
91.42 |
2,834 |
9.38 |
2,591 |
-44.87 |
4,700 |
|
Cash |
82,896 |
53.69 |
53,936 |
-60.02 |
134,908 |
-88.96 |
1,222,370 |
2489 |
47,196 |
|
Miscellaneous current assets |
31,145 |
281 |
8,167 |
3.58 |
7,884 |
4.95 |
7,512 |
9.19 |
6,880 |
|
Total Assets |
35,043,541 |
1.65 |
34,475,058 |
-8.28 |
37,587,273 |
8.95 |
34,499,610 |
43.63 |
24,019,657 |
LIABILITIES
|
Total shareholders equity |
4,436,399 |
6.14 |
4,179,831 |
4.47 |
4,000,915 |
3.53 |
3,864,456 |
3.61 |
3,729,982 |
|
Issued share capital |
3,495,000 |
0 |
3,495,000 |
0 |
3,495,000 |
0 |
3,495,000 |
0 |
3,495,000 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
941,399 |
37.46 |
684,831 |
35.36 |
505,915 |
36.94 |
369,456 |
57.23 |
234,982 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
30,607,143 |
1.03 |
30,295,227 |
-9.80 |
33,586,358 |
9.63 |
30,635,154 |
50.99 |
20,289,675 |
|
Other long term loans |
2,831,518 |
-2.33 |
2,899,048 |
1906 |
144,458 |
-10.99 |
162,287 |
-12.22 |
184,886 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
2,831,518 |
-2.33 |
2,899,048 |
1906 |
144,458 |
-10.99 |
162,287 |
-12.22 |
184,886 |
|
Current portion of long term debt |
14,996 |
4.44 |
14,358 |
-22.92 |
18,628 |
-17.56 |
22,597 |
4.78 |
21,566 |
|
Financial debts |
13,819,267 |
1.26 |
13,646,783 |
-10.09 |
15,178,250 |
-11.58 |
17,166,525 |
9.87 |
15,623,925 |
|
Trade creditors |
13,683,501 |
1.13 |
13,531,022 |
-21.67 |
17,274,494 |
32.83 |
13,004,563 |
212 |
4,161,310 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
64,587 |
231 |
19,466 |
0.97 |
19,280 |
46.71 |
13,142 |
18.88 |
11,055 |
|
Miscellaneous current liabilities |
193,273 |
4.73 |
184,550 |
-80.60 |
951,248 |
257 |
266,040 |
-7.28 |
286,933 |
|
Total current liabilities |
27,775,625 |
1.39 |
27,396,179 |
-18.08 |
33,441,900 |
9.74 |
30,472,867 |
51.57 |
20,104,789 |
|
Total Liabilities |
35,043,541 |
1.65 |
34,475,058 |
-8.28 |
37,587,273 |
8.95 |
34,499,610 |
43.63 |
24,019,657 |
RATIO ANALYSIS
|
TRADING PERFORMANCE |
|||||||||
|
Profit Before Tax |
0.17 |
-22.73 |
0.22 |
-4.35 |
0.23 |
21.05 |
0.19 |
-9.52 |
0.21 |
|
Return on capital employed |
5.04 |
46.09 |
3.45 |
-21.59 |
4.40 |
4.02 |
4.23 |
11.02 |
3.81 |
|
Return on total assets employed |
1.05 |
47.89 |
0.71 |
47.92 |
0.48 |
-2.04 |
0.49 |
-20.97 |
0.62 |
|
Return on net assets employed |
8.26 |
41.44 |
5.84 |
28.35 |
4.55 |
3.17 |
4.41 |
10.25 |
4.00 |
|
Sales / net working capital |
30.60 |
85.79 |
16.47 |
-19.26 |
20.40 |
-18.30 |
24.97 |
23.25 |
20.26 |
|
Stock turnover ratio |
0.54 |
-55.00 |
1.20 |
-75.81 |
4.96 |
-15.07 |
5.84 |
-8.61 |
6.39 |
|
Creditor days |
23.63 |
-47.28 |
44.82 |
-45.29 |
81.92 |
56.57 |
52.32 |
142 |
21.57 |
|
Debtor days |
57.36 |
-46.65 |
107.51 |
-31.14 |
156.13 |
42.39 |
109.65 |
13.50 |
96.61 |
|
SHORT
TERM STABILITY |
|||||||||
|
Current ratio |
1.25 |
0 |
1.25 |
12.61 |
1.11 |
-0.89 |
1.12 |
-5.08 |
1.18 |
|
Liquidity ratio / acid ratio |
1.21 |
0.83 |
1.20 |
20.00 |
1.00 |
6.38 |
0.94 |
-1.05 |
0.95 |
|
Current debt ratio |
6.26 |
-4.43 |
6.55 |
-21.65 |
8.36 |
5.96 |
7.89 |
46.38 |
5.39 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
278,783 |
39.97 |
199,173 |
27.37 |
156,370 |
1.39 |
154,221 |
11.72 |
138,044 |
|
Net worth |
4,436,399 |
6.14 |
4,179,831 |
4.47 |
4,000,915 |
3.53 |
3,864,456 |
3.61 |
3,729,982 |
|
LONG
TERM STABILITY |
|||||||||
|
Gearing |
375.66 |
-5.18 |
396.19 |
3.32 |
383.45 |
-14.60 |
449.00 |
5.79 |
424.41 |
|
Equity in percentage |
12.66 |
4.46 |
12.12 |
13.91 |
10.64 |
-5.00 |
11.20 |
-27.88 |
15.53 |
|
Total debt ratio |
6.90 |
-4.83 |
7.25 |
-13.59 |
8.39 |
5.80 |
7.93 |
45.77 |
5.44 |
|
Working capital |
6,956,849 |
3.07 |
6,749,927 |
77.17 |
3,809,953 |
3.72 |
3,673,467 |
3.69 |
3,542,877 |
`
|
PROFIT
& LOSS |
|
|
|
|
|
|
|
|
|
|
Operating Income |
212,907,034 |
91.50 |
111,181,138 |
43.03 |
77,730,205 |
-15.26 |
91,733,258 |
27.79 |
71,782,323 |
|
Turnover |
212,907,034 |
91.50 |
111,181,138 |
43.03 |
77,730,205 |
-15.26 |
91,733,258 |
27.79 |
71,782,323 |
|
Total operating expenses |
211,318,902 |
91.78 |
110,189,169 |
43.16 |
76,970,448 |
-15.17 |
90,730,509 |
28.86 |
70,409,482 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
211,318,902 |
91.78 |
110,189,169 |
43.16 |
76,970,448 |
-15.17 |
90,730,509 |
28.86 |
70,409,482 |
|
Employee costs |
35,443 |
2.07 |
34,724 |
5.06 |
33,052 |
3.70 |
31,872 |
2.57 |
31,074 |
|
Wages and salary |
29,015 |
2.98 |
28,175 |
3.88 |
27,122 |
6.11 |
25,560 |
0.62 |
25,403 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
5,886 |
-4.83 |
6,185 |
13.90 |
5,430 |
6.43 |
5,102 |
-0.99 |
5,153 |
|
Other employee costs |
542 |
48.66 |
364 |
-27.13 |
500 |
-58.68 |
1,210 |
133 |
518 |
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization and depreciation |
22,215 |
9.67 |
20,257 |
1.74 |
19,911 |
0.83 |
19,747 |
30.0 |
15,190 |
|
Operating result |
1,588,132 |
60.10 |
991,969 |
30.56 |
759,757 |
-24.23 |
1,002,749 |
-26.96 |
1,372,841 |
|
Total financial income |
10 |
- |
- |
- |
264,119 |
1312 |
18,702 |
- |
- |
|
Total financial expenses |
1,221,492 |
63.34 |
747,808 |
-11.15 |
841,662 |
-1.10 |
851,001 |
-30.45 |
1,223,527 |
|
Results on ordinary operations |
366,651 |
50.17 |
244,161 |
34.00 |
182,214 |
6.90 |
170,450 |
14.16 |
149,314 |
|
before taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Results for the Year Before |
366,651 |
50.17 |
244,161 |
34.00 |
182,214 |
6.90 |
170,450 |
14.16 |
149,314 |
|
Taxation |
|
|
|
|
|
|
|
|
|
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
110,083 |
68.72 |
65,245 |
42.60 |
45,755 |
27.18 |
35,976 |
35.96 |
26,460 |
|
Results on ordinary operations after taxation |
256,568 |
43.40 |
178,916 |
31.11 |
136,459 |
1.48 |
134,474 |
9.46 |
122,854 |
|
Net result |
256,568 |
43.40 |
178,916 |
31.11 |
136,459 |
1.48 |
134,474 |
9.46 |
122,854 |
|
Profit (Loss) for the Year to be |
256,568 |
43.40 |
178,916 |
31.11 |
136,459 |
1.48 |
134,474 |
9.46 |
122,854 |
|
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 |
1,756 |
|
Part-time Employees |
- |
|
Total |
1,756 |
|
Personnel Charges |
|
|
Full-time Employees |
35,443 |
|
Part-time Employees |
- |
|
Total |
35,443 |
|
Benefits In Addition To Wages |
- |
|
During the previous reporting year |
|
|
Average number employees in Fte |
1 |
|
Actual working hours |
1,756 |
|
Personnel Charges |
34,724 |
|
Benefits In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration |
1 |
- |
1 |
|
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 |
- |
- |
- |
|
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 |
- |
- |
- |
|
Other |
- |
- |
- |
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
|
SUSPENSION
OF PAYMENTS / MORATORIUM HISTORY |
|
|
Amount |
- |
|
Details |
- |
|
PAYMENT
EXPECTATIONS |
|
|
Payment expectation days |
23.63 |
|
Day sales outstanding |
57.36 |
|
INDUSTRY
COMPARISON |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
Industry average payment expectation days |
126.75 |
|
Industry average day sales outstanding |
186.10 |
Payment
expectations
Company result 23.63
Lower 120.34
Median 74.93
Upper 46.53
Company result 57.36
Lower 102.27
Median 53.69
Upper 24.18
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
|
Forename |
Surendra |
Middle name |
- |
|
Surname |
Ribadiya |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
17/07/2002 |
End date |
- |
|
Percentage owned |
20% |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Quellinstraat |
House number |
51 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2018 |
Country |
Belgium |
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Pareshkumar |
Middle name |
- |
|
Surname |
Golakiya |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
17/07/2002 |
End date |
- |
|
Percentage owned |
80% |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Quinten Matsijslei |
House number |
37 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2018 |
Country |
Belgium |
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 |
SUMMONS
|
Legal event type |
Social Security Summons |
|
|
Event date |
31/05/2010 |
|
|
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 |
DHARMESH HIMMATBHAI DHOLAKIA |
|
Position |
Principal Manager |
|
Start Date |
08/03/2011 |
|
Street |
37 QUINTEN MATSIJSLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
Name |
FREDDY MARAS |
|
Position |
Principal Manager |
|
Start Date |
10/11/2004 |
|
Street |
|
|
Post code |
|
|
Country |
|
FORMER DIRECTOR DETAILS
|
Name |
VGD BEDRIJFSREVISOREN SOC.CIV. SCRL |
|
Position |
Commissioner |
|
Start Date |
29/11/2010 |
|
End Date |
31/12/2010 |
|
Date of birth |
28/07/2005 |
|
Street |
5 BURGEMEESTER ETIENNE DEMUNTERLAAN BRUSSEL |
|
Post code |
1090 |
|
Country |
Belgium |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
|
|
1 |
Rs.93.26 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.