|
Report No. : |
346015 |
|
Report Date : |
16.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SORADIAM NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 2 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
16.12.1977 |
|
|
|
|
Com. Reg. No.: |
417844821 |
|
|
|
|
Legal Form : |
Public limited company |
|
|
|
|
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 – 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 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 the budget deficit was 3.2% of GDP. 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 |
Business
number 417844821
Branche
Unit Number 2014927253
Company
name SORADIAM NV
Address
HOVENIERSSTRAAT 2
2018 ANTWERPEN
Number
of staff 2
Date
of establishment 16/12/1977
Telephone
number 032330515
Fax
number 032319729
The business was established over 37 years ago.
The business has 2 employees.
Number of employees in the latest trading period increased 80% on the previous trading period.
The business has been at the address for over 22 years.
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2014 |
98,095,791 |
190,144 |
6,677,845 |
14,229,830 |
|
31/12/2013 |
96,425,361 |
180,754 |
5,543,710 |
13,106,472 |
|
31/12/2012 |
109,042,871 |
254,526 |
5,416,476 |
13,234,305 |
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2014 |
39,525,352 |
2 |
6,040,000 |
191,687 |
|
31/12/2013 |
39,795,407 |
1 |
4,650,000 |
184,379 |
|
31/12/2012 |
42,664,141 |
1 |
4,650,000 |
229,186 |
Profitability
Liquidity
Net worth
|
Past payments |
|
Payment expectation days |
11.51 |
|
Industry average payment |
192.91 |
Industry average day sales |
194.90 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
135.67 |
|
|
BANKRUPTCY
DETAILS
Court action type No
PROTESTED
BILLS
Bill amount --
NSSO
DETAILS
Date of summons –
|
Business number |
417844821 |
Company name |
SORADIAM NV |
|
Fax number |
032319729 |
Date founded |
16/12/1977 |
|
Company status |
active |
Company type |
Public limited company |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2014 |
|
Activity code |
46761 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of diamonds and other precious
stones |
VAT Number |
BE.0417.844.821 Check VAT |
|
|
|
|
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 |
|
|
|
|
|
JIC Code |
324 |
|
Description |
Joint committee for the industry
and the trade in diamant |
|
category |
|
|
|
|
|
SIGNIFICANT
EVENTS |
|
|
Event Date |
03/12/2014 |
|
Event Description |
|
|
Event Details |
Shehul Zaveri schrijft in op 20
nieuwe aandelen. |
ASSETS
|
Annual accounts |
31-12-2014 |
% |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total fixed assets |
889,765 |
-5.64 |
942,899 |
-5.71 |
1,000,043 |
-3.23 |
1,033,471 |
-5.61 |
1,094,858 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
889,263 |
-5.64 |
942,397 |
-5.72 |
999,542 |
-3.24 |
1,032,969 |
-5.62 |
1,094,436 |
|
Land & building |
860,517 |
-5.36 |
909,222 |
-5.08 |
957,927 |
-4.84 |
1,006,632 |
-4.62 |
1,055,337 |
|
Plant & machinery |
14,331 |
-10.98 |
16,100 |
-26.41 |
21,878 |
455 |
3,941 |
-24.87 |
5,245 |
|
Furniture & Vehicles |
14,414 |
-15.58 |
17,075 |
-13.48 |
19,736 |
-11.88 |
22,397 |
-33.84 |
33,854 |
|
Leasing & Other Similar Rights |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
502 |
0 |
502 |
0 |
502 |
0 |
502 |
18.92 |
422 |
|
Total current assets |
38,635,587 |
-0.56 |
38,852,509 |
-6.75 |
41,664,097 |
2.85 |
40,509,028 |
22.97 |
32,941,270 |
|
Inventories |
2,140,308 |
-60.51 |
5,420,519 |
8.79 |
4,982,329 |
131 |
2,154,135 |
2.47 |
2,102,216 |
|
Raw materials & consumables |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
2,140,308 |
-60.51 |
5,420,519 |
8.79 |
4,982,329 |
131 |
2,154,135 |
2.47 |
2,102,216 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
36,462,267 |
9.17 |
33,398,123 |
-8.87 |
36,649,640 |
0.27 |
36,550,015 |
19.45 |
30,599,088 |
|
Other amounts receivable |
19,048 |
-11.83 |
21,603 |
31.41 |
16,439 |
55.64 |
10,562 |
-84.79 |
69,421 |
|
Cash |
6,842 |
3.09 |
6,637 |
-25.79 |
8,943 |
-99 |
1,785,222 |
946 |
170,545 |
|
Miscellaneous current assets |
7,123 |
26.57 |
5,628 |
-16.59 |
6,747 |
-25.81 |
9,094 |
- |
0 |
|
Total Assets |
39,525,352 |
-0.68 |
39,795,407 |
-6.72 |
42,664,141 |
2.70 |
41,542,499 |
22.05 |
34,036,128 |
LIABILITIES
|
Total shareholders equity |
6,677,845 |
20.46 |
5,543,710 |
2.35 |
5,416,476 |
3.30 |
5,243,394 |
3.75 |
5,053,986 |
|
Issued share capital |
6,040,000 |
29.89 |
4,650,000 |
0 |
4,650,000 |
0 |
4,650,000 |
0 |
4,650,000 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
637,845 |
-28.63 |
893,710 |
16.60 |
766,476 |
29.17 |
593,394 |
46.88 |
403,986 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
10,600 |
-5.45 |
11,211 |
-5.17 |
11,823 |
-4.92 |
12,434 |
-4.69 |
13,046 |
|
Creditors |
32,836,907 |
-4.10 |
34,240,486 |
-8.04 |
37,235,842 |
2.62 |
36,286,671 |
25.26 |
28,969,096 |
|
Other long term loans |
8,431,150 |
-0.75 |
8,494,450 |
-3.54 |
8,806,050 |
40.24 |
6,279,200 |
57.23 |
3,993,600 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
8,441,750 |
-0.75 |
8,505,661 |
-3.54 |
8,817,873 |
40.15 |
6,291,634 |
57.03 |
4,006,646 |
|
Current portion of long term debt |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial debts |
20,925,848 |
-1.53 |
21,252,026 |
9.23 |
19,456,078 |
-6.22 |
20,746,054 |
13.31 |
18,309,256 |
|
Trade creditors |
3,055,361 |
-29.32 |
4,322,730 |
-50.20 |
8,679,382 |
-4.94 |
9,130,282 |
43.80 |
6,349,174 |
|
Amounts Payable for Taxes, |
68,028 |
9.55 |
62,100 |
46.35 |
42,432 |
18.92 |
35,681 |
14.07 |
31,279 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
356,520 |
226 |
109,180 |
-56.66 |
251,900 |
163 |
95,453 |
-66.60 |
285,787 |
|
Total current liabilities |
24,405,757 |
-5.21 |
25,746,036 |
-9.44 |
28,429,792 |
-5.26 |
30,007,471 |
20.15 |
24,975,496 |
|
Total Liabilities |
39,525,352 |
-0.68 |
39,795,407 |
-6.72 |
42,664,141 |
2.70 |
41,542,499 |
22.05 |
34,036,128 |
RATIO ANALYSIS
|
TRADING
PERFORMANCE |
|||||||||
|
Profit Before Tax |
0.19 |
0 |
0.19 |
-17.39 |
0.23 |
-14.81 |
0.27 |
22.73 |
0.22 |
|
Return on capital employed |
1.26 |
-2.33 |
1.29 |
-27.93 |
1.79 |
-27.24 |
2.46 |
24.24 |
1.98 |
|
Return on total assets employed |
0.48 |
6.67 |
0.45 |
-25.00 |
0.60 |
-11.76 |
0.68 |
28.30 |
0.53 |
|
Return on net assets employed |
2.85 |
-12.58 |
3.26 |
-30.64 |
4.70 |
-12.96 |
5.40 |
52.11 |
3.55 |
|
Sales / net working capital |
6.89 |
-6.39 |
7.36 |
-10.68 |
8.24 |
-17.43 |
9.98 |
-1.19 |
10.10 |
|
Stock turnover ratio |
2.18 |
-61.21 |
5.62 |
22.98 |
4.57 |
121 |
2.06 |
-21.07 |
2.61 |
|
Creditor days |
11.51 |
-30.58 |
16.58 |
-43.78 |
29.49 |
-7.84 |
32.00 |
9.33 |
29.27 |
|
Debtor days |
135.67 |
7.32 |
126.42 |
3.05 |
122.68 |
-3.66 |
127.34 |
-8.31 |
138.88 |
|
SHORT
TERM STABILITY |
|||||||||
|
Current ratio |
1.58 |
4.64 |
1.51 |
2.72 |
1.47 |
8.89 |
1.35 |
2.27 |
1.32 |
|
Liquidity ratio / acid ratio |
1.50 |
15.38 |
1.30 |
0.78 |
1.29 |
0.78 |
1.28 |
4.07 |
1.23 |
|
Current debt ratio |
3.65 |
-21.34 |
4.64 |
-11.62 |
5.25 |
-8.22 |
5.72 |
15.79 |
4.94 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
191,687 |
3.96 |
184,379 |
-19.55 |
229,186 |
-8.65 |
250,874 |
36.28 |
184,090 |
|
Net worth |
6,677,845 |
20.46 |
5,543,710 |
2.35 |
5,416,476 |
3.30 |
5,243,394 |
3.75 |
5,053,986 |
|
LONG
TERM STABILITY |
|||||||||
|
Gearing |
439.62 |
-18.07 |
536.58 |
2.84 |
521.78 |
1.23 |
515.42 |
16.80 |
441.29 |
|
Equity in percentage |
16.90 |
21.32 |
13.93 |
9.69 |
12.70 |
0.63 |
12.62 |
-15.02 |
14.85 |
|
Total debt ratio |
4.92 |
-20.39 |
6.18 |
-10.17 |
6.88 |
-0.58 |
6.92 |
20.77 |
5.73 |
|
Working capital |
14,229,830 |
8.57 |
13,106,472 |
-0.97 |
13,234,305 |
26.02 |
10,501,557 |
31.83 |
7,965,774 |
PROFIT & LOSS
|
Operating Income |
98,158,391 |
1.73 |
96,487,361 |
-11.57 |
109,106,566 |
4.11 |
104,797,273 |
30.26 |
80,453,648 |
|
Turnover |
98,095,791 |
1.73 |
96,425,361 |
-11.57 |
109,042,871 |
4.08 |
104,767,273 |
30.27 |
80,421,587 |
|
Total operating expenses |
96,876,105 |
1.77 |
95,187,760 |
-11.39 |
107,418,800 |
3.16 |
104,129,749 |
31.51 |
79,178,569 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
96,938,705 |
1.77 |
95,249,760 |
-11.38 |
107,482,495 |
3.19 |
104,159,749 |
31.50 |
79,210,630 |
|
Employee costs |
110,360 |
-0.62 |
111,045 |
-0.80 |
111,944 |
19.75 |
93,484 |
13.58 |
82,305 |
|
Wages and salary |
89,576 |
0.50 |
89,127 |
7.22 |
83,123 |
5.98 |
78,435 |
19.97 |
65,380 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
20,409 |
-5.34 |
21,559 |
-24.26 |
28,465 |
96.17 |
14,510 |
-10.26 |
16,170 |
|
Other employee costs |
376 |
4.76 |
359 |
0.67 |
356 |
-33.80 |
538 |
-28.71 |
755 |
|
Director remuneration |
144,000 |
0 |
144,000 |
0 |
144,000 |
0 |
144,000 |
0 |
144,000 |
|
Amortization and |
57,552 |
0.71 |
57,145 |
1.86 |
56,104 |
-8.72 |
61,466 |
-5.39 |
64,968 |
|
depreciation |
|
|
|
|
|
|
|
|
|
|
Operating result |
1,219,685 |
-1.45 |
1,237,601 |
-23.80 |
1,624,071 |
154 |
637,524 |
-48.71 |
1,243,018 |
|
Total financial income |
382,924 |
144 |
156,654 |
107388 |
146 |
-99 |
645,822 |
2306405 |
28 |
|
Total financial expenses |
1,412,465 |
16.40 |
1,213,500 |
-11.40 |
1,369,691 |
36.95 |
1,000,139 |
-5.99 |
1,063,853 |
|
Results on ordinary |
190,144 |
5.19 |
180,754 |
-28.98 |
254,526 |
-10.13 |
283,206 |
58.05 |
179,193 |
|
operations before taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
2,400 |
0 |
2,400 |
0 |
2,400 |
0 |
2,400 |
0 |
2,400 |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
2,400 |
0 |
2,400 |
0 |
2,400 |
0 |
2,400 |
0 |
2,400 |
|
Results for the Year Before |
192,544 |
5.13 |
183,154 |
-28.71 |
256,926 |
-10.04 |
285,606 |
57.28 |
181,593 |
|
Taxation |
|
|
|
|
|
|
|
|
|
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
59,021 |
4.40 |
56,532 |
-33.06 |
84,455 |
-12.76 |
96,810 |
53.46 |
63,083 |
|
Results on ordinary operations after taxation |
131,123 |
5.56 |
124,223 |
-26.96 |
170,070 |
-8.76 |
186,396 |
60.53 |
116,110 |
|
Net result |
134,135 |
5.42 |
127,234 |
-26.49 |
173,082 |
-8.62 |
189,408 |
59.00 |
119,122 |
|
Profit (Loss) for the Year to |
135,562 |
5.36 |
128,661 |
-26.27 |
174,509 |
-8.55 |
190,835 |
58.30 |
120,549 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
Balance Sheet |
Total |
|
During the reporting year |
|
|
ended 31-12-2014 |
|
|
Full-time Employees |
- |
|
Part-time Employees |
3 |
|
Total Fte Employees |
2 |
|
Number of hours worked |
|
|
Full-time Employees |
- |
|
Part-time Employees |
3,147 |
|
Total |
3,147 |
|
Personnel Charges |
|
|
Full-time Employees |
- |
|
Part-time Employees |
110,360 |
|
Total |
110,360 |
|
Benefits In Addition To Wages |
- |
|
During the previous reporting year |
|
|
Average number employees in Fte |
2 |
|
Actual working hours |
3,129 |
|
Personnel Charges |
111,045 |
|
Benefits In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited Duration |
- |
3 |
2 |
|
Contracts |
|
|
|
|
Limited Duration Contracts |
- |
- |
- |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding |
- |
- |
- |
Gender and Education
Level
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Primary education |
- |
1 |
0 |
|
Secondairy education |
- |
- |
- |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
- |
2 |
2 |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White collar worker |
- |
2 |
2 |
|
Blue collar worker |
- |
1 |
0 |
|
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 |
- |
- |
- |
|
Leavers |
- |
- |
- |
|
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 |
- |
- |
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
industry average credit |
68.90 |
|
Industry average credit limit |
224889.24 |
|
SUSPENSION
OF PAYMENTS / MORATORIUM HISTORY |
|
|
Amount |
- |
|
Details |
- |
|
PAYMENT
EXPECTATIONS |
|
|
Payment expectation days |
11.51 |
|
Day sales outstanding |
135.67 |
|
INDUSTRY
COMPARISON |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
Industry average payment |
192.91 |
|
Industry average day sales outstanding |
194.90 |
PAYMENT
EXPECTATIONS
Company
result 11.51
Lower
134.78
Median
60.30
Upper 28.46
DAY
SALES OUTSTANDING
Company
result 135.67
Lower
131.59
Median
85.12
Upper
47.22
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 |
Shehul |
Middle name |
- |
|
Surname |
Zaveri |
|
|
|
|
SHAREHOLDER DETAILS |
|
|
|
Start date |
17/12/2014(estimated) |
End date |
- |
|
Percentage owned |
- |
|
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
Street name |
Della Faillelaan |
House number |
5 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2020 |
Country |
Belgium |
SUMMARY
Group
- Number of Companies 0
Linkages
- Number of Companies 0
Number
of Countries 0
SUMMONS
There
is no data for this company
PROTESTED
BILLS
There
is no data for this company
BANKRUPTCY
AND OTHER LEGAL EVENTS
There
is no data for this company
CURRENT DIRECTOR DETAILS
|
Position |
Managing Director |
|
Start Date |
14/02/2000 |
|
Street |
5 Della Faillelaan Antwerpen |
|
Post code |
2020 |
|
Country |
Belgium |
|
Name |
Shehul Zaveri |
|
Position |
Director |
|
Start Date |
18/03/1998 |
|
Street |
5 Della Faillelaan Antwerpen |
|
Post code |
2020 |
|
Country |
Belgium |
|
Name |
Sohil Jhaveri |
|
Position |
Director |
|
Start Date |
01/01/2005 |
|
Date of birth |
25/05/1957 |
|
Street |
119 BELGIËLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
Name |
Sivani Shah |
|
Position |
Director |
|
Start Date |
01/04/1999 |
|
Street |
5 Della Faillelaan Antwerpen |
|
Post code |
2020 |
|
Country |
Belgium |
FORMER DIRECTOR
DETAILS
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.82 |
|
|
1 |
Rs.100.41 |
|
Euro |
1 |
Rs.74.50 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.