MIRA INFORM REPORT

 

 

Report No. :

320918

Report Date :

06.05.2015

 

IDENTIFICATION DETAILS

 

Name :

WAHL DIAMONDS BVBA

 

 

Registered Office :

Hoveniersstraat 2-Bus 143, 2018 Antwerpen

 

 

Country :

Belgium 

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

08.11.1982

 

 

Com. Reg. No.:

423167250

 

 

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 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 government maintained the budget deficit below the euro-zone threshold of 3% of GDP for a second year in a row. 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                                 423167250

Branche Unit Number                           2021221959

Company name                                    WAHL DIAMONDS BVBA

Address                                               HOVENIERSSTRAAT 2-BUS 143

2018 ANTWERPEN

Number of staff                                    1

Date of establishment                           08/11/1982

Telephone number                               032323568

Fax number                                          032317647

 

 

Ultimate holding company

 

Company name                        Company Number

Wahl Salik Holding NV               472420385

 

 

Commentary

 

The business was established over 32 years ago.

The business has 1 employees.

The business is part of a group.

The business has been at the address for over 19 years.

The credit rating for this business has increased from 92 to 97.

The credit limit for this business has increased from €345000 to €360000.

Pre-tax profits increased by 43% compared to the previous trading period.

The business saw an increase in their Cash Balance of 396% during the latest trading period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2013

16,544,551

40,438

701,778

1,142,622

31/12/2012

16,341,086

28,242

679,402

1,188,400

31/12/2011

26,860,178

25,052

656,658

1,244,385

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2013

5,157,858

1

50,000

47,666

31/12/2012

5,964,419

2

50,000

50,957

31/12/2011

5,783,267

1

50,000

26,394

 

 

Trends

Profitability

Liquidity

Net worth

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

46.55

Industry  average  payment

126.61

Industry  average  day  sales

185.47

expectation  days

 

outstanding

 

Day  sales  outstanding

78.44

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

 

Court action type                                  no

 

PROTESTED BILLS

Bill amount                                         

 

NSSO DETAILS

Date of summons                                 05/10/2009

 

 

Company information

 

Business  number

423167250

Company  name

WAHL  DIAMONDS  BVBA

Fax  number

032317647

Date  founded

08/11/1982

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.0423.167.250  Check  VAT 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)

JIC Code                                                          218

Description                                                      Additional national joint committee for the employees

Category

 

Significant Events

Event Date                                                        03/06/2014

Event Description                                             proposal of merger by absorption filed

Event Details                                                    Commentaar 03-06-2014: Voorstel van fusie door overneming van United Gemcutters BVBA. De aan de voorgestelde fusie deelnemende vennootschappen zijn: BVBA United Gemcutters (over te nemen vennootschap) en de BVBA Wahl Diamonds (overnemende

 

Event Date                                                        30/09/2014

Event Description

Event Details                                                    Afschaffing van de nominale waarde van de aandelen.

 

Event Date                                                        03/06/2014

Event Description                                             proposal of merger by absorption filed

Event Details                                                    vennootschap).

 

 

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

349,615

-9.05

384,402

-1.62

390,734

-5.03

411,445

-5.46

435,189

 

 

 

 

 

 

 

 

 

 

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

 

 

 

 

 

 

 

 

 

 

Tangible  fixed  assets

349,615

-9.05

384,402

-1.62

390,734

-5.03

411,445

-5.46

435,189

Land  &  building

343,164

-6.47

366,897

-5.78

389,410

-4.93

409,592

-5.40

432,975

Plant  &  machinery

5,887

-12.56

6,733

8315

80

-50.0

160

-33.33

240

Furniture  &  Vehicles

564

-94.76

10,773

765

1,245

-26.47

1,693

-14.22

1,974

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

-

-

Other  tangible  assets

0

-

0

-

0

-

0

-

0

 

 

 

 

 

 

 

 

 

 

Financial  fixed  assets

-

-

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

Total  current  assets

4,808,243

-13.83

5,580,017

3.48

5,392,532

-9.30

5,945,738

19.48

4,976,463

 

 

 

 

 

 

 

 

 

 

Inventories

1,006,958

-6.79

1,080,349

26.38

854,838

8.81

785,655

10.19

712,975

Raw  materials  &  consumables

-

-

-

-

-

-

-

-

-

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

1,006,958

-6.79

1,080,349

26.38

854,838

8.81

785,655

10.19

712,975

Other  stocks

0

-

0

-

0

-

0

-

0

 

 

 

 

 

 

 

 

 

 

Trade  debtors

3,555,413

-17.59

4,314,141

3.87

4,153,447

-6.18

4,427,184

14.64

3,861,685

Other  amounts  receivable

119,156

9.52

108,794

-26.70

148,417

-2.22

151,794

16.70

130,067

 

 

 

 

 

 

 

 

 

 

Cash

62,589

396

12,606

-90.27

129,533

-70.66

441,430

319

105,262

 

 

 

 

 

 

 

 

 

 

Miscellaneous  current  assets

0

-

0

-

0

-

0

-100

389

 

 

 

 

 

 

 

 

 

 

Total  Assets

5,157,858

-13.52

5,964,419

3.13

5,783,267

-9.03

6,357,184

17.47

5,411,652

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

701,778

3.29

679,402

3.46

656,658

-4.75

689,420

3.99

662,954

 

 

 

 

 

 

 

 

 

 

Issued  share  capital

50,000

0

50,000

0

50,000

0

50,000

0

50,000

 

 

 

 

 

 

 

 

 

 

Share  premium  account

-

-

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

Revaluation  reserve

337,500

-6.25

360,000

-5.88

382,500

-5.56

405,000

-5.26

427,500

 

 

 

 

 

 

 

 

 

 

Reserves

314,278

16.66

269,402

20.18

224,158

-4.38

234,420

26.40

185,454

Provisions  for  Liabilities  &  Charges

166

0

166

0

166

0

166

0

166

 

 

 

 

 

 

 

 

 

 

Deffered  taxes

-

-

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

Creditors

4,455,914

-15.69

5,284,852

3.09

5,126,443

-9.55

5,667,598

19.35

4,748,532

 

 

 

 

 

 

 

 

 

 

Other  long  term  loans

790,292

-11.52

893,235

-8.69

978,296

-9.90

1,085,810

5.53

1,028,940

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

790,458

-11.52

893,401

-8.69

978,461

-9.90

1,085,976

5.53

1,029,106

 

 

 

 

 

 

 

 

 

 

Current  portion  of  long  term  debt

72,772

5.99

68,661

0

68,661

12.33

61,124

5.99

57,670

Financial  debts

1,429,755

-9.67

1,582,763

163

600,000

-60.50

1,518,954

-11.28

1,712,041

Trade  creditors

2,088,086

-23.17

2,717,771

-21.26

3,451,606

15.77

2,981,374

53.95

1,936,610

Amounts  Payable  for  Taxes, Remuneration  &  Social  Security

39,069

161

14,914

-46.51

27,881

145

11,372

-14.31

13,271

 

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

35,939

378

7,509

-

0

-100

8,964

-

0

Total  current  liabilities

3,665,622

-16.53

4,391,617

5.87

4,148,148

-9.46

4,581,788

23.18

3,719,592

 

 

 

 

 

 

 

 

 

 

Total  Liabilities

5,157,858

-13.52

5,964,419

3.13

5,783,267

-9.03

6,357,184

17.47

5,411,652

 

RATIO ANALYSIS

 

TRADING  PERFORMANCE

Profit  Before  Tax

0.24

41.18

0.17

88.89

0.09

-47.06

0.17

77.27

-0.22

 

 

 

 

 

 

 

 

 

 

Return  on  capital  employed

2.71

50.56

1.80

17.65

1.53

-8.93

1.68

93.85

-1.79

 

 

 

 

 

 

 

 

 

 

Return  on  total  assets  employed

0.78

65.96

0.47

9.30

0.43

-8.51

0.47

83.93

-0.56

 

 

 

 

 

 

 

 

 

 

Return  on  net  assets  employed

5.76

38.46

4.16

8.90

3.82

-11.37

4.31

94.52

-4.56

 

 

 

 

 

 

 

 

 

 

Sales  /  net  working  capital

14.48

5.31

13.75

-36.31

21.59

68.54

12.81

17.96

10.86

 

 

 

 

 

 

 

 

 

 

Stock  turnover  ratio

6.09

-7.87

6.61

107

3.18

-29.33

4.50

-13.79

5.22

 

 

 

 

 

 

 

 

 

 

Creditor  days

46.55

-24.02

61.27

30.14

47.08

-25.15

62.90

21.19

51.90

Debtor  days

78.44

-18.60

96.36

70.73

56.44

-38.96

92.47

-10.47

103.28

 

 

 

 

 

 

 

 

 

 

SHORT  TERM  STABILITY

Current  ratio

1.31

3.15

1.27

-2.31

1.30

0

1.30

-2.99

1.34

 

 

 

 

 

 

 

 

 

 

Liquidity  ratio  /  acid  ratio

1.04

1.96

1.02

-6.42

1.09

-3.54

1.13

-1.74

1.15

 

 

 

 

 

 

 

 

 

 

Current  debt  ratio

5.22

-19.20

6.46

2.22

6.32

-4.96

6.65

18.54

5.61

 

 

 

 

 

 

 

 

 

 

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

Cash flow

47,666

-6.46

50,957

93.06

26,394

-47.83

50,597

582

-8,680

 

 

 

 

 

 

 

 

 

 

Net  worth

701,778

3.29

679,402

3.46

656,658

-4.75

689,420

3.99

662,954

 

 

 

 

 

 

 

 

 

 

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

326.72

-12.77

374.54

49.33

250.81

-35.14

386.69

-8.40

422.15

 

 

 

 

 

 

 

 

 

 

Equity  in  percentage

13.61

19.49

11.39

0.35

11.35

4.70

10.84

-11.51

12.25

 

 

 

 

 

 

 

 

 

 

Total  debt  ratio

6.35

-18.38

7.78

-0.38

7.81

-4.99

8.22

14.80

7.16

 

 

 

 

 

 

 

 

 

 

Working  capital

1,142,622

-3.85

1,188,400

-4.50

1,244,385

-8.77

1,363,951

8.52

1,256,871

 

 

PROFIT & LOSS

 

Operating  Income

16,551,194

1.15

16,363,508

-39.22

26,920,467

53.92

17,489,995

28.15

13,647,931

Turnover

16,544,551

1.25

16,341,086

-39.16

26,860,178

53.70

17,475,325

28.04

13,647,931

Total  operating  expenses

16,374,464

1.14

16,189,446

-39.50

26,758,401

54.66

17,300,973

27.03

13,619,146

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

Operating  Charges

16,381,108

1.04

16,211,869

-39.55

26,818,690

54.88

17,315,644

27.14

13,619,146

Employee  costs

77,766

27.14

61,167

3.35

59,181

-25.25

79,176

-4.55

82,953

Wages  and  salary

64,521

18.14

54,614

5.54

51,747

-23.30

67,464

-1.50

68,494

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

12,358

83.08

6,750

11.97

6,029

-40.38

10,111

-22.21

12,998

Other  employee  costs

887

447

-198

-114

1,405

-12.22

1,601

9.62

1,460

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

25,290

-10.36

28,213

15.22

24,486

1.47

24,131

-2.98

24,872

 

 

 

 

 

 

 

 

 

 

Operating  result

170,086

12.16

151,640

48.99

101,777

-41.63

174,352

505

28,785

Total  financial  income

368,450

-33.50

554,020

-48.11

1,067,782

10.93

962,615

26.87

758,712

 

 

 

 

 

 

 

 

 

 

Total  financial  expenses

498,099

-26.47

677,418

-40.81

1,144,507

3.37

1,107,223

35.41

817,704

 

 

 

 

 

 

 

 

 

 

Results  on  ordinary  operations before  taxation

40,438

43.18

28,242

12.74

25,052

-15.78

29,744

98.47

-30,208

 

 

 

 

 

 

 

 

 

 

Extraordinary  Income

-

-

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

Extraordinary  items

0

-

0

-

0

-

0

-

0

 

 

 

 

 

 

 

 

 

 

Results  for  the  Year  Before Taxation

40,438

43.18

28,242

12.74

25,052

-15.78

29,744

98.47

-30,208

 

 

 

 

 

 

 

 

 

 

Other  appropriations

-

-

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

Taxation

18,061

228

5,498

-76.24

23,144

605

3,278

-1.96

3,344

Results  on  ordinary  operations after  taxation

22,377

-1.61

22,744

1091

1,908

-92.79

26,466

78.88

-33,552

 

 

 

 

 

 

 

 

 

 

Net  result

22,377

-1.61

22,744

1091

1,908

-92.79

26,466

78.88

-33,552

 

 

 

 

 

 

 

 

 

 

Profit  (Loss)  for  the  Year  to  be appropriated

22,377

-1.61

22,744

1091

1,908

-92.79

26,466

78.88

-33,552

 

 

 

 

 

 

 

 

 

 

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social Balance Sheet Details

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet

Total

During  the  reporting  year ended  31-12-2013

 

Full-time  Employees

-

Part-time  Employees

4

Total  Fte  Employees

2

 

 

Number  of  hours  worked

 

Full-time  Employees

-

Part-time  Employees

3,582

Total

3,582

 

 

Personnel  Charges

 

Full-time  Employees

-

Part-time  Employees

77,766

Total

77,766

Benefits  In  Addition  To  Wages

-

 

 

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

2

Actual  working  hours

3,171

Personnel  Charges

61,167

Benefits  In  Addition  To  Wages

-

 

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration Contracts

-

3

2

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

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

-

2

1

Blue  collar  worker

-

-

-

Other

-

1

1

 

 

 

 

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

-

-

-

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

 

 

Payment Information

 

Suspension of payments / moratorium history

Amount                                                                         -

Details                                                                          -

 

Payment expectations

 

Payment expectation days                                            46.55

Day sales outstanding                                      78.44

Industry comparison

 

Activity code                                                                46761

Activity description                                                      Wholesale of diamonds and other precious stones

 

Industry average payment expectation days                 126.61

Industry average day sales outstanding                       185.47

 

 

Industry quartile analysis

 

Payment expectations

Company result                                                            46.55

Lower                                                                           120.44

Median                                                                         74.61

Upper                                                                           45.69

 

Day sales outstanding

 

Company result                                                            78.44

Lower                                                                           102.27

Median                                                                         54.08

Upper                                                                           24.12

 

 

Shareholder Details

 

Summary

Group - Number of Companies                                     3

Linkages - Number of Companies                                0

Number of Countries                                                    0

 

 

Group Structure

 

Company  name

 

Number

Latest

 

 

 

financials

- WAHL  SALIK  HOLDING  NV

 

472420385

30-06-2014

- - UNITED  GEMCUTTERS  BVBA

 

416896595

31-12-2013

- - WAHL  DIAMONDS  BVBA

 

423167250

31-12-2013

 

 

Minority Shareholders

No minority shareholders found

 

Minority Interests

No minority interests found

 

Companies that match this address

No Companies Match this address

 

 

Linked Companies

 

Summary

Group - Number of Companies             3

Linkages - Number of Companies        0

Number of Countries                            0

 

 

Summons

 

Legal  event  type

Social  Security  Summons

 

 

Event  date

05/10/2009

 

 

Court  type

 

Court  name

Antwerpen

Creditor's  name

Rijksdienst  voor  Sociale  Zekerheid

3rd  party  type

Summoning  Party

Legal  event  type

Social  Security  Summons

 

 

Event  date

07/09/2009

 

 

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                                       DAVID WAHL

Position                                   Principal Manager

Start Date                                 04/10/2006

Street                                       161 LAMORINIÈRESTRAAT ANTWERPEN

Post code                                 2018

Country                                    Belgium

 

Position                                   Principal Manager

Start Date                                 04/10/2006

Street                                       161 LAMORINIÈRESTRAAT ANTWERPEN

Post code                                 2018

Country                                    Belgium

 

Former director details

 

Name                                       MARK SALIK

Position                                   Principal Manager

Start Date                                 01/04/2000

End Date                                  Unknown date

Street                                       40 BELGIËLEI ANTWERPEN

Post code                                 2018

Country                                    Belgium

 

Position                                   Principal Manager

Start Date                                 01/04/2000

End Date                                  Unknown date

Street                                       40 BELGIËLEI ANTWERPEN

Post code                                 2018

Country                                    Belgium


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs. 63.51

UK Pound

1

Rs. 95.95

Euro

1

Rs. 70.53

 

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%)

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.