|
Report No. : |
345383 |
|
Report Date : |
16.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANMOL GEMS BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 2-Bus 307, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
31.01.1980 |
|
|
|
|
Com. Reg. No.: |
420137979 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and
other precious stones. |
|
|
|
|
No. of Employees : |
Not Available |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
420137979 |
|
Branche
Unit Number |
2017195865 |
|
Company
name |
ANMOL GEMS BVBA |
|
Address |
HOVENIERSSTRAAT 2-BUS 307 |
|
|
2018 ANTWERPEN |
|
Number
of staff |
0 |
|
Date
of establishment |
31/01/1980 |
|
Telephone
number |
032337602 |
|
Fax
number |
-- |
The business was established over 35 years ago.
The business has 1 employees.
The business has been at the address for over 28 years.
Operating Result in the latest trading period increased 51%
on the previous trading period.
Net Worth increased by 58% during the latest trading period.
The business saw a decrease in their Cash Balance of 71%
during the latest trading period.
Turnover in the latest trading period increased 21% on the
previous trading period.
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
32,644,592 |
54,020 |
1,403,981 |
2,332,674 |
|
31/12/2012 |
26,827,753 |
51,352 |
887,031 |
836,301 |
|
31/12/2011 |
|
23,779 |
849,957 |
795,407 |
|
Accounts |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
8,739,965 |
0 |
1,243,013 |
60,991 |
|
31/12/2012 |
8,635,667 |
0 |
18,600 |
41,686 |
|
31/12/2011 |
2,649,814 |
0 |
18,600 |
23,504 |
|
Past payments |
|
Payment expectation days |
63.68 |
|
Industry average payment expectation days |
126.38 |
Industry average day sales outstanding |
185.49 |
|
Day sales outstanding |
79.44 |
|
|
BANKRUPTCY DETAILS
Court action type No
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons 13/05/2008
|
Business number |
420137979 |
Company name |
ANMOL GEMS BVBA |
|
Fax number |
|
Date founded |
31/01/1980 |
|
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.0420.137.979 Check VAT number |
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
Contractor Details
|
Registered contractor number |
- |
|
Contractor description |
- |
|
Date struck off register |
- |
|
|
|
|
Personnel
(NSSO classification) |
|
|
Code |
- |
|
Description |
FROM 1 TO 4 EMPLOYEES |
|
|
|
|
Joint
Industrial Committee (JIC) |
|
|
JIC Code |
218 |
|
Description Category |
Additional national joint
committee for the employees |
|
|
|
|
JIC Code |
324.02 |
|
Description Category |
JSC small merchandisers in
the diamant industry and trade |
Significant Events
|
Event Date |
02/04/2013 |
|
Event Description |
|
|
Event Details |
Toekenning van de 31 nieuwe
aandelen aan Patel Bhavesh. |
|
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 |
94,848 |
73.63 |
54,626 |
-10.51 |
61,044 |
6.86 |
57,127 |
-6.51 |
61,104 |
|
Intangible fixed assets |
2,236 |
-42.61 |
3,896 |
-40.00 |
6,494 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
92,315 |
83.09 |
50,420 |
-7.05 |
54,241 |
-4.84 |
57,003 |
-6.52 |
60,980 |
|
Land & building |
42,898 |
-11.17 |
48,294 |
-6.68 |
51,749 |
-6.26 |
55,203 |
-5.89 |
58,658 |
|
Plant & machinery |
1,383 |
10.22 |
1,255 |
-37.60 |
2,011 |
24.45 |
1,616 |
-21.91 |
2,069 |
|
Furniture & Vehicles |
48,035 |
5416 |
871 |
81.03 |
481 |
162 |
184 |
-27.42 |
253 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
-1 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
297 |
-4.19 |
310 |
0 |
310 |
150 |
124 |
0 |
124 |
|
Total current assets |
8,645,117 |
0.75 |
8,581,041 |
231 |
2,588,770 |
-3.22 |
2,674,929 |
-64.11 |
7,453,602 |
|
Inventories |
1,392,454 |
37.91 |
1,009,695 |
548 |
155,695 |
129 |
67,719 |
-70.81 |
232,030 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
1,392,454 |
37.91 |
1,009,695 |
- |
0 |
- |
0 |
- |
0 |
|
Other stocks |
0 |
- |
0 |
-100 |
155,695 |
129 |
67,719 |
-70.81 |
232,030 |
|
Trade debtors |
7,104,611 |
0.56 |
7,065,324 |
223 |
2,184,869 |
0.18 |
2,180,941 |
-68.88 |
7,009,107 |
|
Other amounts receivable |
4,522 |
64.74 |
2,745 |
-45.15 |
5,004 |
220 |
1,559 |
-56.76 |
3,606 |
|
Cash |
140,318 |
-71.95 |
500,234 |
106 |
241,954 |
-42.79 |
422,954 |
104 |
206,919 |
|
Miscellaneous current assets |
3,212 |
5.53 |
3,044 |
143 |
1,249 |
-28.91 |
1,757 |
-9.39 |
1,939 |
|
Total Assets |
8,739,965 |
1.21 |
8,635,667 |
225 |
2,649,814 |
-3.01 |
2,732,056 |
-63.64 |
7,514,705 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
1,406,217 |
57.84 |
890,927 |
4.03 |
856,451 |
2.25 |
837,620 |
1.89 |
822,045 |
|
Issued share capital |
1,243,013 |
6582 |
18,600 |
0 |
18,600 |
0 |
18,600 |
0 |
18,600 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
163,204 |
-81.29 |
872,327 |
4.11 |
837,851 |
2.30 |
819,020 |
1.94 |
803,445 |
|
Provisions for Liabilities &
Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
7,333,748 |
-5.31 |
7,744,740 |
331 |
1,793,363 |
-5.34 |
1,894,436 |
-71.69 |
6,692,661 |
|
Other long term loans |
1,021,305 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
-100 |
339,651 |
|
Total long term debts |
1,021,305 |
- |
0 |
- |
0 |
- |
0 |
-100 |
339,651 |
|
Current portion of long term
debt |
12,190 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Financial debts |
84,066 |
131 |
36,242 |
66.45 |
21,773 |
-58.23 |
52,125 |
- |
- |
|
Trade creditors |
5,678,580 |
-14.30 |
6,626,469 |
874 |
680,041 |
16.55 |
583,481 |
-88.17 |
4,933,952 |
|
Amounts Payable for Taxes,
Remuneration & Social Security |
10,080 |
-41.58 |
17,253 |
190 |
5,937 |
-64.74 |
16,838 |
-53.85 |
36,482 |
|
Miscellaneous current liabilities |
527,527 |
-50.46 |
1,064,777 |
-1.92 |
1,085,612 |
-12.59 |
1,241,993 |
-10.17 |
1,382,576 |
|
Total current liabilities |
6,312,443 |
-18.49 |
7,744,740 |
331 |
1,793,363 |
-5.34 |
1,894,436 |
-70.18 |
6,353,010 |
|
Total Liabilities |
8,739,965 |
1.21 |
8,635,667 |
225 |
2,649,814 |
-3.01 |
2,732,056 |
-63.64 |
7,514,705 |
|
RATIO
ANALYSIS |
|
|
|
|
|
|
|
|
|
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.17 |
-10.53 |
0.19 |
- |
- |
- |
- |
- |
- |
|
Return on capital employed |
2.23 |
-61.28 |
5.76 |
107 |
2.78 |
17.30 |
2.37 |
26.06 |
1.88 |
|
Return on total assets employed |
0.62 |
5.08 |
0.59 |
-34.44 |
0.90 |
23.29 |
0.73 |
151 |
0.29 |
|
Return on net assets employed |
3.84 |
-33.33 |
5.76 |
107 |
2.78 |
17.30 |
2.37 |
-10.57 |
2.65 |
|
Sales / net working capital |
13.99 |
-56.39 |
32.08 |
- |
- |
- |
- |
- |
- |
|
Stock turnover ratio |
4.27 |
13.56 |
3.76 |
- |
- |
- |
- |
- |
- |
|
Creditor days |
63.68 |
-29.53 |
90.37 |
- |
- |
- |
- |
- |
- |
|
Debtor days |
79.44 |
-17.36 |
96.13 |
- |
- |
- |
- |
- |
- |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.37 |
23.42 |
1.11 |
-22.92 |
1.44 |
2.13 |
1.41 |
20.51 |
1.17 |
|
Liquidity ratio / acid ratio |
1.15 |
17.35 |
0.98 |
-27.94 |
1.36 |
-1.45 |
1.38 |
21.05 |
1.14 |
|
Current debt ratio |
4.49 |
-48.33 |
8.69 |
315 |
2.09 |
-7.52 |
2.26 |
-70.76 |
7.73 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Cashflow |
60,991 |
46.31 |
41,686 |
77.36 |
23,504 |
20.21 |
19,552 |
21.95 |
16,033 |
|
Net Worth |
1,403,981 |
58.28 |
887,031 |
4.36 |
849,957 |
1.47 |
837,620 |
1.89 |
822,045 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
79.47 |
1852 |
4.07 |
60.24 |
2.54 |
-59.16 |
6.22 |
- |
- |
|
Equity in percentage |
16.09 |
55.91 |
10.32 |
-68.15 |
32.40 |
5.68 |
30.66 |
180 |
10.94 |
|
Total debt ratio |
5.22 |
-39.93 |
8.69 |
315 |
2.09 |
-7.52 |
2.26 |
-72.24 |
8.14 |
|
Working capital |
2,332,674 |
178 |
836,301 |
5.14 |
795,407 |
1.91 |
780,493 |
-29.08 |
1,100,592 |
Profit and Loss
|
Operating Income |
32,644,964 |
21.68 |
26,828,402 |
- |
- |
- |
- |
- |
- |
|
Turnover |
32,644,592 |
21.68 |
26,827,753 |
- |
- |
- |
- |
- |
- |
|
Total operating expenses |
32,548,526 |
21.61 |
26,764,259 |
- |
- |
- |
- |
- |
- |
|
Gross Operating Margin |
- |
- |
- |
- |
36,650 |
11.18 |
32,965 |
-10.41 |
36,797 |
|
Operating Charges |
32,548,898 |
21.61 |
26,764,909 |
- |
- |
- |
- |
- |
- |
|
Employee costs |
- |
- |
- |
- |
- |
- |
- |
- |
33 |
|
Wages and salary |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
- |
- |
- |
- |
- |
- |
- |
- |
33 |
|
Other employee costs |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization and depreciation |
14,691 |
103 |
7,210 |
54.33 |
4,672 |
17.47 |
3,977 |
0 |
3,977 |
|
Operating result |
96,066 |
51.30 |
63,494 |
121 |
28,607 |
9.51 |
26,122 |
-12.28 |
29,778 |
|
Total financial income |
11,415 |
6714605 |
0 |
- |
- |
- |
7 |
22400 |
0 |
|
Total financial expenses |
53,461 |
340 |
12,142 |
151 |
4,828 |
-22.77 |
6,252 |
-21.69 |
7,983 |
|
Results on ordinary operations before taxation |
54,020 |
5.20 |
51,352 |
115 |
23,779 |
19.63 |
19,877 |
-8.80 |
21,795 |
|
Extraordinary Income |
- |
- |
- |
- |
500 |
- |
- |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
0 |
- |
0 |
-100 |
500 |
- |
0 |
- |
0 |
|
Results for the Year Before
Taxation |
54,020 |
5.20 |
51,352 |
111 |
24,279 |
22.15 |
19,877 |
-8.80 |
21,795 |
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
7,720 |
-54.26 |
16,876 |
209 |
5,448 |
26.64 |
4,302 |
-55.83 |
9,739 |
|
Results on ordinary operations
after taxation |
46,300 |
34.30 |
34,476 |
88.07 |
18,331 |
17.70 |
15,575 |
29.19 |
12,056 |
|
Net result |
46,300 |
34.30 |
34,476 |
83.07 |
18,832 |
20.91 |
15,575 |
29.19 |
12,056 |
|
Profit (Loss) for the Year
to be appropiated |
46,300 |
34.30 |
34,476 |
83.07 |
18,832 |
20.91 |
15,575 |
29.19 |
12,056 |
|
Dividends |
717,648 |
- |
- |
- |
- |
- |
- |
- |
- |
|
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 |
63.68 |
|
Day sales outstanding |
79.44 |
|
|
|
|
Industry
comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and
other precious stones |
|
Industry average payment expectation days |
126.38 |
|
Industry average day Sales outstanding |
185.49 |
INDUSTRY QUARTILE ANALYSIS
Payment Expectations
|
Company Result |
63.68 |
|
Lower |
120.34 |
|
Median |
74.63 |
|
Upper |
45.88 |
Day Sales Outstanding
|
Company Result |
79.44 |
|
Lower |
101.92 |
|
Median |
53.45 |
|
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
Individual Shareholders
SHAREHOLDER NAME
|
Forename |
Bhavesh |
Middle name |
- |
|
Surname |
Patel |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
17/05/2013(estimated) |
End date |
- |
|
Percentage owned |
- |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
- |
House number |
- |
|
Minor town |
- |
Postal town |
- |
|
Post code |
- |
Country |
India |
|
Summary |
|
|
Group - Number of Companies |
0 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
|
Summons |
|
|
|
Legal event type |
Social Security Summons |
|
|
Event date |
13/05/2008 |
|
Protested Bills
There is no data for
this company
Bankruptcy
and other legal events
There is no data for
this company
Current Director Details
|
Name |
BHAVESH JAYSUKHBHAI PATEL |
|
Position |
Principal Manager |
|
Start Date |
01/01/2010 |
|
Street |
120 LANGE HERENTALSESTRAAT ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
Former Director Details
|
Name |
RAJIV SHASHIKANT KOTHARI |
|
Position |
Principal Manager |
|
Start Date |
19/05/1997 |
|
End Date |
Unknown date |
|
Street |
26 ARENDSNESTLAAN EDEGEM |
|
Post code |
2650 |
|
Country |
Belgium |
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in
the world as the birthplace for diamonds. It is difficult to trace the
origin of diamonds but history says that in the remote past, diamonds were
mined only in India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond
industry was possible only due to combination of the manufacturing skills of
the Indian workforce and the untiring and unflagging efforts of the Indian
diamantaires, supported by progressive Government policies.
-
The area of study of family owned diamond
businesses derives its importance from the huge conglomerate of family run
organizations which operate in the diamond industry since many generations.
-
Some of the basic traits of family run
business enterprises include spirit of entrepreneurship, mutual trust lowers
transaction costs, small, nimble and quick to react, information as a source of
advantage and philanthropy.
-
Family owned diamond businesses need to
improve on many fronts including higher standard of corporate governance,
long-term performance – focused strategies, modern management and technology.
-
Utmost caution is to be exercised while
dealing with some medium and large diamond traders which are usually engaged in
fictitious import – export, inter-company transactions, financially assisted by
banks. In the process, several public sector banks lost several hundred million
rupees. They mostly diverted borrowed money for diamond business into real
estate and capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem & Jewellery Export Promotion
Council in its statistical data has shown the export of polished diamonds to
have increase by 28 % in February 2013. Compared to $ 1.4 bn worth of polished
diamond export in February, 2012, India exported $ 1.84 billion worth of
polished diamonds in February 2013. A senior executive of GJEPC said, “Export
of cut and polished diamonds started falling month-wise after the imposition of
2 % of import duty on the polished diamonds. But February, 2013 has given a new
ray of hope to the industry as the export of polished diamonds has actually
increased by 28 %. It means the industry is on the track of recovery and
round tripping of diamonds has stopped completely.” Demand has started coming
from the US, the UK, Japan and China. India’s polished diamond export is
expected to cross $ 21 bn in 2013-14.
-
The banking sector has started exercising
restraint while following prudent risk management norms when lending money to
gems and jewellery sector. This follows the implementation of Basel III accord
– a global voluntary regulatory standard on bank capital adequacy, stress
testing and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.64.82 |
|
UK Pound |
1 |
Rs.100.41 |
|
Euro |
1 |
Rs.74.50 |
INFORMATION DETAILS
|
Analysis
Done by : |
DIV |
|
|
|
|
Report
Prepared by : |
TRU |
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.