MIRA INFORM REPORT
|
Report No. : |
324338 |
|
Report Date : |
26.05.2015 |
IDENTIFICATION DETAILS
|
Correct Name : |
VAN SILLEVOLDT RIJST B.V. |
|
|
|
|
Registered Office : |
Ketelweg 34, 3356LE Papendrecht, Postbus 280, 3350AG
Papendrecht |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
31.05.1990 |
|
|
|
|
Com. Reg. No.: |
23063811 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Engaged in Sourcing & Processing of Cargo Rice to White Rice as
well as Packing, Sales and
Distribution of Rice and Rice Flour Subject product ranges includes
:- ·
Basmati Rice ·
Fragrant Rice ·
Parboiled Rice ·
Long Grain Rice ·
Round Grain Rice ·
Brown Rice ·
Ready-To-Eat Rice ·
Rice Flour |
|
|
|
|
No of Employees : |
105 (2014) |
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) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Netherlands ECONOMIC OVERVIEW
Netherlands is the
sixth-largest economy in the euro-zone and is noted for its stable industrial relations,
moderate unemployment and inflation, sizable trade surplus, and important role
as a European transportation hub. Industrial activity is predominantly in food
processing, chemicals, petroleum refining, and electrical machinery. A highly
mechanized agricultural sector employs only 2% of the labor force but provides
large surpluses for the food-processing industry and for exports. Netherlands,
along with 11 of its EU partners, began circulating the euro currency on 1
January 2002. The Dutch financial sector suffered as a result of the global
financial crisis, due in part to the high exposure of some Dutch banks to US
mortgage-backed securities. In 2008, the government nationalized two banks and
injected billions of dollars of capital into other financial institutions, to
prevent further deterioration of a crucial sector. After 26 years of
uninterrupted economic growth, the Dutch economy - highly dependent on an
international financial sector and international trade - contracted by 3.5% in
2009. To recover, the government sought to boost the domestic economy by
accelerating infrastructure programs, offering corporate tax breaks for
employers to retain workers, and expanding export credit facilities. The
stimulus programs and bank bailouts, however, resulted in a government budget
deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7%
in 2008. The government of Prime Minister Mark RUTTE began implementing
austerity measures in early 2011, mainly reducing expenditures, which resulted
in an improved budget deficit in 2011. However, in 2012 tax revenues dropped,
GDP contracted, and the budget deficit deteriorated. In 2013, the government
budget deficit decreased to 3.3% of GDP due to increased government revenue
from higher taxes. However, spending on social benefits also increased, due to
a rise in unemployment benefits and payments for pensions. The high
unemployment rate and tax increases have contributed to continued decreases in
household disposable income, causing the Dutch economy to contract.
|
Source : CIA |
company
Summary
Company name Van Sillevoldt
Rijst B.V.
Operative address Ketelweg
34
3356LE Papendrecht
Netherlands
Status Active
Specification This
company can meet all its obligations.
Legal form Besloten
Vennootschap (Private Company)
Registration number KvK-nummer:
23063811
VAT-number 009818273
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed
assets |
5.115.000 |
13,69 |
4.499.000 |
-47,2 |
4.722.000 |
|
Total
receivables |
10.011.000 |
-9,24 |
11.030.000 |
-0,24 |
11.056.000 |
|
Total
equity |
10.806.000 |
9,46 |
9.872.000 |
30,77 |
7.549.000 |
|
Short
term liabilities |
11.740.000 |
-23,49 |
15.345.000 |
-15,58 |
18.178.000 |
|
Net
result |
2.934.000 |
26,30 |
2.323.000 |
456,29 |
-652.000 |
|
Working
capital |
7.830.000 |
31,05 |
5.975.000 |
107,18 |
2.884.000 |
|
Quick
ratio |
0,86 |
10,26 |
0,78 |
27,87 |
0,61 |
Contact
information
Company name Van
Sillevoldt Rijst B.V.
Trade names Van
Sillevoldt Rijst B.V.
Operative address Ketelweg
34
3356LE Papendrecht
Netherlands
Correspondence address Postbus 280
3350AG
Papendrecht
Netherlands
Telephone number 0786420720
Fax number 0786420729
Email address info@vsr-rice.com
Website www.vsr-rice.com
Registration
Registration number KvK-nummer:
23063811
Branch number 000015812766
VAT-number 009818273
Status Active
First registration
company register 1990-06-11
Memorandum 1990-05-31
Establishment date 1990-05-31
Legal form Besloten
Vennootschap (Private Company)
Last proposed admendment 2012-04-12
Issued placed capital EUR
1.393.166
Paid up share capital EUR
1.393.166
Activities
Engaged in Sourcing & Processing of Cargo Rice to White Rice as
well as Packing, Sales and Distribution
of Rice and Rice Flour
Subject product ranges includes
:-
·
Basmati Rice
·
Fragrant Rice
·
Parboiled Rice
·
Long Grain Rice
·
Round Grain Rice
·
Brown Rice
·
Ready-To-Eat Rice
·
Rice Flour
Exporter No
Importer No
Goal Processing and marketing of rice and other commodities
Relations
Shareholders
Siacom Nederland B.V.
Ketelweg 34
3356LE PAPENDRECHT
Netherlands
Registration number: 243530630000
Percentage: 100%
Bank
details
Accounts
Fortis Bank (Nederland) NV
Account number: 24.07.29.951
management
Active Management
Siacom Nederland B.V.
Ketelweg 34
3356LE PAPENDRECHT
Netherlands
Registration number: 243530630000
Competence: Fully authorized
Function: Manager
Starting date: 2012-04-03
H. Verschoor (Hendrikus)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2002-01-01
Date of birth: 1956-12-10, Papendrecht, NL
T.J.W. Pruijsen (Teunis Jan Willem)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2006-11-01
Date of birth: 1968-01-23, Vianen, NL
J.B. Spanjersberg - Meinster (Jeanette Brigitta)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2006-11-20
Date of birth: 1972-09-12, Rotterdam, NL
J.R.A. Castelijn (Johannes Robertus Antonius)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2007-01-01
Date of birth: 1967-11-14, Deventer, NL
S.R.M. Armengaud (Sylvie Renée Marie-Louise)
Netherlands
Competence: Fully authorized
Function: Proxy
Starting date: 2012-04-04
Date of birth: 1965-01-29, Itres, FR
J.P.M.A. Bourdillon (Jean Pierre Marie Albert)
Netherlands
Van Sillevoldt Rijst B.V.
Page: 3 / 10
10-03-2015 Applicant
MIRA INFORM
Competence: Fully authorized
Function: Proxy
Starting date: 2012-04-04
Date of birth: 1950-12-07, Marseille, FR
Management
Name: Marbour S.A.S.
Office address: Rue Armagnac ZI no. 1, 97420 Le Port, La
Reunion, France
Registered in: Registre du commerce Saint Denis, France
with registration number
310863493 No. de Gestion 72 B 92
date in function: 03-04-2012 (date Registration type:
06-07-2012)
Titel: Manager
Authorization: Fully authorized
Employees
Total according to the Chamber of Commerce 105
Year 2014
2013 2012 2011 2010
Total 105 113
105 109 109
Payments
Description Payments are made regularly no
complaints are known
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|||
|
Quick ratio |
0,86 |
0,78 |
0,61 |
0,56 |
1,08 |
|
|||
|
Current ratio |
1,67 |
1,39 |
1,16 |
1,27 |
1,84 |
|
|||
|
Working capital/ balance
total |
0,32 |
0,23 |
0,11 |
0,18 |
0,40 |
|
|||
|
Equity / balance total |
0,44 |
0,38 |
0,29 |
0,34 |
0,53 |
|
|||
|
Equity / Fixed assets |
2,11 |
2,19 |
1,60 |
2,09 |
3,92 |
|
|||
|
Equity / liabilities |
0,78 |
0,62 |
0,41 |
0,52 |
1,11 |
|
|||
|
Balance total / liabilities |
1,78 |
1,62 |
1,41 |
1,52 |
2,11 |
|
|||
|
Working capital |
7.830.000 |
5.975.000 |
2.884.000 |
4.561.000 |
10.029.000 |
|
|||
|
Equity |
10.806.000 |
9.872.000 |
7.549.000 |
8.664.000 |
13.328.000 |
|
|||
|
Mutation equity |
9,46 |
30,77 |
-12,87 |
-34,99 |
26,88 |
|
|||
|
Mutation short term
liabilities |
-23,49 |
-15,58 |
8,75 |
40,65 |
-43,92 |
||||
|
Return on total assets (ROA) |
15,74 |
11,90 |
-3,43 |
-6,74 |
22,68 |
||||
|
Return on equity (ROE) |
35,96 |
31,12 |
-11,71 |
-19,78 |
43,07 |
||||
|
Gross profit margin |
3,77 |
3,30 |
-0,21 |
-1,68 |
6,09 |
||||
|
Net profit margin |
2,56 |
2,14 |
-0,66 |
-1,56 |
4,15 |
||||
|
Average collection ratio |
9,76 |
7,06 |
5,40 |
4,90 |
8,69 |
||||
|
Average payment ratio |
11,45 |
9,83 |
8,88 |
10,30 |
8,27 |
||||
|
Equity turnover ratio |
10,60 |
10,98 |
13,01 |
9,46 |
7,75 |
||||
|
Total assets turnover ratio |
4,64 |
4,20 |
3,81 |
3,23 |
4,08 |
||||
|
Fixed assets turnover ratio |
22,40 |
24,09 |
20,79 |
19,81 |
30,40 |
||||
|
Inventory conversion ratio |
12,05 |
11,66 |
9,83 |
6,86 |
11,34 |
||||
|
Turnover |
114.579.000 |
108.391.000 |
98.184.000 |
81.961.000 |
103.317.000 |
||||
|
Gross margin |
8.332.000 |
7.687.000 |
4.062.000 |
1.584.000 |
14.210.000 |
||||
|
Operating result |
4.315.000 |
3.572.000 |
-211.000 |
-1.381.000 |
6.297.000 |
||||
|
Net result after taxes |
2.934.000 |
2.323.000 |
-652.000 |
-1.275.000 |
4.283.000 |
||||
|
Cashflow |
3.666.000 |
3.049.000 |
21.000 |
-584.000 |
5.093.000 |
||||
|
EBIT |
4.315.000 |
3.572.000 |
-211.000 |
-1.381.000 |
6.297.000 |
||||
|
EBITDA |
5.047.000 |
4.298.000 |
462.000 |
-690.000 |
7.107.000 |
||||
Summary
The 2013 financial result structure is a positive working
capital of 7.830.000 euro, which is in
agreement with 32 % of the total assets of the company.
The working capital has increased with 31.05 % compared to
previous year. The ratio, with
respect to the total assets of the company has however,
increased.
The improvement between 2012 and 2013 has mainly been
caused by an increase of the
current assets.
The current ratio of the company in 2013 was 1.67. A
company with a current ratio between
1.5 and 3.0 generally indicates good short-term financial
strength.
The quick ratio in 2013 of the company was 0.86. A company
with a Quick Ratio of less than
1 cannot currently pay back its current liabilities.
The 2012 financial result structure is a positive working
capital of 5.975.000 euro, which is in
agreement with 23 % of the total assets of the company.
The working capital has increased with 107.18 % compared
to previous year. The ratio, with
respect to the total assets of the company has however,
increased.
The improvement between 2011 and 2012 has mainly been
caused by an increase of the
current assets.
The current ratio of the company in 2012 was 1.39. When
the current ratio is below 1.5, the
company may have problems meeting its short-term
obligations.
The quick ratio in 2012 of the company was 0.78. A company
with a Quick Ratio of less than
1 cannot currently pay back its current liabilities.
Financial
statement
Last annual account 2013
Remark annual account The
company is obliged to file its financial statements.
Type of annual account Corporate
Annual account Van
Sillevoldt Rijst B.V.
Ketelweg 34
3356LE Papendrecht
Netherlands
Registration number: 230638110000
Balance
Sheet
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Tangible fixed assets |
4.615.000 |
3.999.000 |
4.222.000 |
3.711.000 |
3.023.000 |
|
Financial fixed assets |
500.000 |
500.000 |
500.000 |
426.000 |
376.000 |
|
Fixed assets |
5.115.000 |
4.499.000 |
4.722.000 |
4.137.000 |
3.399.000 |
|
|
|||||
|
Total stock |
9.511.000 |
9.294.000 |
9.993.000 |
11.944.000 |
9.113.000 |
|
Accounts receivable |
9.790.000 |
10.461.000 |
9.970.000 |
6.267.000 |
9.892.000 |
|
Other receivables |
221.000 |
569.000 |
1.086.000 |
1.690.000 |
2.603.000 |
|
Total receivables |
10.011.000 |
11.030.000 |
11.056.000 |
7.957.000 |
12.495.000 |
|
Liquid funds |
48.000 |
996.000 |
13.000 |
1.375.000 |
305.000 |
|
Current assets |
19.570.000 |
21.320.000 |
21.062.000 |
21.276.000 |
21.913.000 |
|
Total assets |
24.685.000 |
25.819.000 |
25.784.000 |
25.413.000 |
25.312.000 |
|
Issued capital |
1.393.000 |
1.393.000 |
1.393.000 |
1.393.000 |
1.393.000 |
|
Share premium reserve |
332.000 |
332.000 |
332.000 |
332.000 |
332.000 |
|
Legal and statutory reserve |
|
|
149.000 |
75.000 |
|
|
Other reserves |
6.147.000 |
5.824.000 |
6.327.000 |
8.139.000 |
7.320.000 |
|
Non-distributable profit |
2.934.000 |
2.323.000 |
652.000 |
1.275.000 |
4.283.000 |
|
Total reserves |
9.413.000 |
8.479.000 |
8.112.000 |
11.096.000 |
11.935.000 |
|
Total equity |
10.806.000 |
9.872.000 |
7.549.000 |
8.664.000 |
13.328.000 |
|
Provisions |
64.000 |
61.000 |
57.000 |
34.000 |
53.000 |
|
Long term interest yielding debt |
706.000 |
541.000 |
|
|
47.000 |
|
Financial debts |
1.369.000 |
|
|
|
|
|
Long term liabilities |
2.075.000 |
541.000 |
|
47.000 |
|
|
Accounts payable |
4.050.000 |
5.461.000 |
4.208.000 |
7.957.000 |
4.049.000 |
|
Other short term liabilities |
7.690.000 |
9.884.000 |
13.970.000 |
8.758.000 |
7.835.000 |
|
Short term liabilities |
11.740.000 |
15.345.000 |
18.178.000 |
16.715.000 |
11.884.000 |
|
Total short and long
term liabilities |
13.879.000 |
15.947.000 |
18.235.000 |
16.749.000 |
11.984.000 |
|
Total liabilities |
24.685.000 |
25.819.000 |
25.784.000 |
25.413.000 |
25.312.000 |
Summary
The total assets of the company decreased with -4.39 %
between 2012 and 2013.
Despite the total assets decrease, non current assets grew
with 13.69 %.
The asset reduction is in contrast with the equity growth
of 9.46 %. Due to this the total debt
decreased with -12.97 %.
In 2013 the assets of the company were 20.72 % composed of
fixed assets and 79.28 % by
current assets. The assets are being financed by an equity
of 43.78 %, and total debt of
56.22 %.
The total assets remained the same between 2011 and 2012.
Despite the fact that the total assets remained the same,
the fixed assets decreased with
-4.72 %.
Despite thee unchanged assets the net worth grew with
30.77 %, which has resulted in the
fact that the company's indebtedness declined with -12.55
%.
In 2012 the assets of the company were 17.43 % composed of
fixed assets and 82.57 % by
current assets. The assets are being financed by an equity
of 38.24 %, and total debt of
61.76 %.
Profit & Loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Revenues |
114.579.000 |
108.391.000 |
98.184.000 |
81.961.000 |
103.317.000 |
|
Net turnover |
114.579.000 |
108.391.000 |
98.184.000 |
81.961.000 |
103.317.000 |
|
Gross margin |
8.332.000 |
7.687.000 |
4.062.000 |
1.584.000 |
14.210.000 |
|
Wages and salaries |
|
|
|
|
6.328.000 |
|
Amorization and depreciation |
732.000 |
726.000 |
673.000 |
691.000 |
810.000 |
|
Sales |
106.247.000 |
100.704.000 |
94.122.000 |
80.377.000 |
89.107.000 |
|
other operating costs |
3.285.000 |
3.389.000 |
3.600.000 |
2.274.000 |
775.000 |
|
Operating expenses |
110.264.000 |
104.819.000 |
98.395.000 |
83.342.000 |
97.020.000 |
|
Operating result |
4.315.000 |
3.572.000 |
-211.000 |
-1.381.000 |
6.297.000 |
|
Financial income |
|
2.000 |
3.000 |
9.000 |
4.000 |
|
Financial expenses |
429.000 |
502.000 |
676.000 |
342.000 |
560.000 |
|
Financial result |
-429.000 |
-500.000 |
-673.000 |
-333.000 |
-556.000 |
|
Result on ordinary
operations before taxes |
3.886.000 |
3.072.000 |
-884.000 |
-1.714.000 |
5.741.000 |
|
Taxation on the result of ordinary activities |
968.000 |
765.000 |
-232.000 |
-439.000 |
1.458.000 |
|
Result of ordinary
activities after taxes |
2.918.000 |
2.307.000 |
-652.000 |
-1.275.000 |
4.283.000 |
|
Result subsidiaries after taxes |
16.000 |
16.000 |
|
|
|
|
Net result |
2.934.000 |
2.323.000 |
-652.000 |
-1.275.000 |
4.283.000 |
Summary
The turnover of the company grew with 5.71 % between 2012
and 2013.
The gross profit of the company grew with 8.39 % between
2012 and 2013.
The operating result of the company grew with 20.8 %
between 2012 and 2013. This
evolution implies an increase of the company's economic
profitability.
The result of these changes is an increase of the
company's Economic Profitability of 32.27
% of the analysed period, being equal to 2012 % in the
year 2013.
This growth has contributed to the increase in assets
turnover, increasing by 10.48 %
reaching 4.64.
The Net Result of the company decreased by 26.3 % between
2012 and 2013.
The company's Financial Profitability has been negatively
affected by the financial activities in
comparison to the EBITs behaviour. The result of these
variations is a profitability reduction
of 15.55 % of the analysed period, being 35.96 % in the
year 2013.
The company's financial structure has slowed down its
financial profitability.
The turnover of the company grew with 10.4 % between 2011
and 2012.
The gross profit of the company grew with 89.24 % between
2011 and 2012.
The operating result of the company grew with 1792.89 %
between 2011 and 2012. This
Van Sillevoldt Rijst B.V.
evolution implies an increase of the company's economic
profitability.
The result of these changes is an increase of the
company's Economic Profitability of 446.94
% of the analysed period, being equal to 2011 % in the
year 2012.
This growth has contributed to the increase in assets
turnover, increasing by 10.24 %
reaching 4.2.
The Net Result of the company decreased by 456.29 %
between 2011 and 2012.
The company's Financial Profitability has been positively
affected by the financial activities in
comparison to the EBITs behaviour. The result of these
variations is a profitability increase of
365.76 % of the analysed period, being 31.12 % in the year
2012.
The company's financial structure has slowed down its
financial profitability.
Analysis
Analysis
Branch (SBI)
Manufacture of food products (10)
Region
Zuid-Holland Oost
In the Netherlands 6059 of the companies are registered
with the SBI code 10
In the region Zuid-Holland Oost 170 of the companies are
registered with the SBI code 10
In the Netherlands 140 of the bankrupcties are published
within this sector
In the region Zuid-Holland Oost 5 of the bankruptcies are
published within this sector
The risk of this specific sector in the Netherlands is
normal
The risk of this specific sector in the region
Zuid-Holland Oost is normal
Publications
Filings
16-05-2014: De jaarrekening over 2013 is gepubliceerd.
17-06-2013: De jaarrekening over 2012 is gepubliceerd.
21-03-2013: De jaarrekening over 2011 is gepubliceerd.
24-02-2012: De jaarrekening over 2010 is gepubliceerd.
01-02-2011: De jaarrekening over 2009 is gepubliceerd.
Functions
28-02-2014: Per 01-11-2006 is gevolmachtigde Teunis Jan
Willem Pruijsen in functie getreden.
28-02-2014: Per 01-11-2006 is gevolmachtigde Teunis Jan
Willem Pruijsen uit functie getreden.
09-07-2012: Per 03-04-2012 is bestuurder 24353063 Siacom
Nederland B.V. in functie getreden.
09-07-2012: Per 03-04-2012 is bestuurder Marbour S.A.S.
Frankrijk in functie getreden.
09-07-2012: Per 04-04-2012 is gevolmachtigde Sylvie Renée
Marie-Louise Armengaud in functie getreden.
09-07-2012: Per 04-04-2012 is gevolmachtigde Jean Pierre
Marie Albert Bourdillon in functie getreden.
09-07-2012: Per 15-05-2012 is gevolmachtigde Gérard Marie
Van Arendonk uit functie getreden.
17-04-2012: Per 03-04-2012 is commissaris Sylvie Renée
Marie-Louise Armengaud uit functie getreden.
17-04-2012: Per 03-04-2012 is commissaris Jean Pierre
Marie Albert Bourdillon uit functie getreden.
17-04-2012: Per 03-04-2012 is commissaris Chantal Anne
Marie de Palmas uit functie getreden.
Amendments
17-04-2012: Geplaatst kapitaal gewijzigd in EUR
1.393.166,00 Gestort kapitaal gewijzigd in EUR 1.393.166,00.
17-04-2012: Per 12-4-2012 statuten gewijzigd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.62 |
|
UK Pound |
1 |
Rs.96.51 |
|
Euro |
1 |
Rs.69.93 |
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.