MIRA INFORM REPORT

 

 

Report No. :

342306

Report Date :

24.09.2015

 

IDENTIFICATION DETAILS

 

Name :

DIAJEWEL  NV

 

 

Registered Office :

Hoveniersstraat 9, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

19.10.1978

 

 

Com. Reg. No.:

418772556

 

 

Legal Form :

Public Limited Liability Company

 

 

Line of Business :

Wholesale of Diamonds and Other Precious Stones.

 

 

No. of Employees :

4

 

 

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 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

 

Company summary                        

 

Business  number

418772556

Branche  Unit  Number

2015505293

Company  name

DIAJEWEL  NV

Address

HOVENIERSSTRAAT  9

 

2018 ANTWERPEN

Safe  number

BE00102175

Number  of  staff

4

Date  of  establishment

19/10/1978

Telephone  number

032313770

Fax  number

032260602

 

 

 

 

Commentary

 

The business  was  established  over  36  years  ago.

The  business  has  4  employees.

The business  has  been  at  the  address  for  over  18  years.

Operating  Result  in  the  latest  trading  period  increased  26%  on  the  previous  trading  period.

A  38%  growth  in  Total  Assets  occurred  during  the  latest  trading  period.

The  business  saw  a  decrease  in  their  Cash  Balance  of  98%  during  the  latest  trading  period.

Turnover  in  the  latest  trading  period  increased  42%  on  the  previous  trading  period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

183,053,693

113,520

9,619,161

11,450,229

31/12/2013

128,594,746

100,004

8,398,234

9,984,270

31/12/2012

157,412,760

147,787

8,744,053

10,346,228

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

47,617,628

4

8,951,206

124,786

31/12/2013

34,379,164

4

7,880,670

74,148

31/12/2012

39,636,533

4

8,237,153

135,355

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

14.94

Industry  average  payment

expectation  days

110.58

Industry  average  day  sales

outstanding

172.59

Day  sales  outstanding

81.18

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court  action  type

no

 

PROTESTED BILLS

Bill  amount

-

 

NSSO DETAILS

Date  of  summons

-

 

 

Company information

 

Business  number

418772556

Company  name

DIAJEWEL  NV

Fax  number

032260602

Date  founded

19/10/1978

Company  status

active

Company  type

Public  Limited  Liability

Company  (BE)

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.0418.772.556  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

-

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

30/09/2013

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaar  30-09-2013:  Herbenoemd  als  bestuurders  en  gedelegeerd  bestuurders  tot  de

 

jaarvergadering  2019  :  Thakker  Dilip  en  Mehta  Akshaykumar.

 

 

Company accounts

 

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

716,464

-6.29

764,543

-6.08

813,994

-4.76

854,668

3.83

823,117

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

529,508

-11.74

599,947

-8.35

654,601

-5.10

689,775

3.97

663,451

Land  &  building

447,257

-10.93

502,140

-6.99

539,873

-4.59

565,874

0.55

562,766

Plant  &  machinery

62,967

-16.66

75,553

-14.58

88,451

-5.42

93,519

5.14

88,947

Furniture  &  Vehicles

19,285

-13.34

22,254

-15.31

26,277

-13.51

30,381

158

11,738

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

-

-

Other  tangible  assets

-1

-

0

-

0

-100

1

-

0

Financial  fixed  assets

186,956

13.58

164,596

3.26

159,393

-3.34

164,894

3.27

159,667

Total  current  assets

46,901,164

39.53

33,614,621

-13.41

38,822,539

-4.09

40,478,177

1.18

40,007,475

Inventories

5,791,999

22.62

4,723,543

10.89

4,259,560

-55.00

9,465,424

85.26

5,109,364

Raw  materials  &  consumables

-

-

-

-

-

-

-

-

-

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

5,791,999

22.62

4,723,543

10.89

4,259,560

-55.00

9,465,424

85.26

5,109,364

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

40,711,918

51.28

26,911,878

-21.19

34,147,243

11.97

30,495,537

-10.93

34,237,077

Other  amounts  receivable

91,575

-87.76

747,946

441

138,247

-37.79

222,237

-32.58

329,631

Cash

14,613

-98.53

992,158

3455

27,908

93.89

14,394

-83.72

88,390

Miscellaneous  current  assets

291,059

21.73

239,097

-4.20

249,581

-11.05

280,585

15.46

243,013

Total  Assets

47,617,628

38.51

34,379,164

-13.26

39,636,533

-4.10

41,332,845

1.23

40,830,592

 

Liabilities

Total  shareholders  equity

9,619,161

14.54

8,398,234

-3.95

8,744,053

-0.97

8,829,452

3.40

8,539,372

Issued  share  capital

8,951,206

13.58

7,880,670

-4.33

8,237,153

-1.94

8,400,179

3.27

8,133,903

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

667,955

29.06

517,564

2.10

506,900

18.08

429,273

5.87

405,469

Provisions  for  Liabilities  & Charges

900,332

-0.01

900,380

0.00

900,369

-0.01

900,442

3.13

873,119

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

37,098,135

47.92

25,080,551

-16.38

29,992,111

-5.10

31,602,950

0.59

31,418,101

Other  long  term  loans

1,647,200

13.58

1,450,200

-4.33

1,515,800

-1.94

1,545,800

3.27

1,496,800

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

0

-1

-

0

-100

1

-

0

Total  long  term  debts

2,547,532

8.38

2,350,579

-2.71

2,416,169

-1.23

2,446,243

3.22

2,369,919

Current  portion  of  long  term  debt

-

-

-

-

-

-

-

-

-

Financial  debts

27,859,090

57.00

17,744,573

-28.53

24,828,605

42.37

17,439,902

-11.80

19,772,212

Trade  creditors

7,447,815

44.56

5,151,994

48.15

3,477,629

-72.16

12,493,007

24.75

10,014,326

Amounts  Payable  for  Taxes, Remuneration  &  Social  Security

51,544

-11.63

58,330

21.21

48,124

99

24,110

-31.71

35,305

Miscellaneous  current  liabilities

92,486

-86.31

675,454

453

121,953

21.79

100,131

0.68

99,458

Total  current  liabilities

35,450,935

50.02

23,630,351

-17.02

28,476,311

-5.26

30,057,150

0.45

29,921,301

Total  Liabilities

47,617,628

38.51

34,379,164

-13.26

39,636,533

-4.10

41,332,845

1.23

40,830,592

 

 

RATIO ANALYSIS

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

0.06

-25.00

0.08

-11.11

0.09

350

0.02

-80.0

0.10

Return  on  capital  employed

0.93

0

0.93

-29.55

1.32

355

0.29

-84.49

1.87

Return  on  total  assets  employed

0.24

-17.24

0.29

-21.62

0.37

362

0.08

-84.00

0.50

Return  on  net  assets  employed

1.18

-0.84

1.19

-29.59

1.69

356

0.37

-84.45

2.38

Sales  /  net  working  capital

15.99

24.15

12.88

-15.32

15.21

-24.78

20.22

1.20

19.98

Stock  turnover  ratio

3.16

-13.90

3.67

35.42

2.71

-39.64

4.49

76.77

2.54

Creditor  days

14.94

1.49

14.72

81.50

8.11

-62.70

21.74

19.19

18.24

Debtor  days

81.18

6.27

76.39

-3.52

79.18

49.93

52.81

-14.82

62.00

SHORT TERM STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.32

-7.04

1.42

4.41

1.36

0.74

1.35

0.75

1.34

Liquidity  ratio  /  acid  ratio

1.16

-4.92

1.22

0.83

1.21

17.48

1.03

-11.97

1.17

Current  debt  ratio

3.69

31.32

2.81

-13.80

3.26

-4.12

3.40

-2.86

3.50

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

124,786

68.29

74,148

-45.22

135,355

93.71

69,875

-61.98

183,795

Net  Worth

9,619,161

14.54

8,398,234

-3.95

8,744,053

-0.97

8,829,452

3.40

8,539,372

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

306.74

34.21

228.56

-24.14

301.28

40.11

215.03

-13.67

249.07

Equity  in  percentage

20.20

-17.31

24.43

10.74

22.06

3.28

21.36

2.15

20.91

Total  debt  ratio

3.95

27.83

3.09

-12.46

3.53

-4.08

3.68

-2.65

3.78

Working  capital

11,450,229

14.68

9,984,270

-3.50

10,346,228

-0.72

10,421,027

3.32

10,086,174

 

 

PROFIT & LOSS

 

Operating  Income

183,070,608

42.34

128,610,567

-18.31

157,437,135

-25.31

210,776,792

4.57

201,566,368

Turnover

183,053,693

42.35

128,594,746

-18.31

157,412,760

-25.31

210,759,089

4.57

201,552,060

Total  operating  expenses

181,938,572

42.46

127,710,547

-18.40

156,504,259

-25.38

209,723,451

4.65

200,410,790

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

181,955,487

42.46

127,726,368

-18.40

156,528,634

-25.37

209,741,154

4.65

200,425,099

Employee  costs

236,347

28.99

183,228

34.32

136,408

-0.26

136,767

5.22

129,979

Wages  and  salary

169,269

29.64

130,571

37.09

95,245

-3.16

98,358

3.92

94,651

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security

40,716

34.44

30,286

45.73

20,782

6.67

19,482

7.39

18,142

contributions

 

 

 

 

 

 

 

 

 

Other  employee  costs

26,361

17.84

22,370

9.75

20,382

7.69

18,926

10.12

17,187

Director  remuneration

340,318

19.04

285,882

-5.24

301,681

-

-

-

313,451

Amortization  and depreciation

44,702

7.59

41,547

-15.89

49,397

-16.76

59,344

10.61

53,651

Operating  result

1,115,121

26.12

884,199

-2.67

908,501

-12.28

1,035,638

-9.26

1,141,270

Total  financial  income

148,456

-18.77

182,769

86.75

97,869

-16.26

116,866

-45.68

215,149

Total  financial  expenses

1,150,056

18.93

966,964

12.62

858,582

-23.31

1,119,556

-2.89

1,152,874

Results  on  ordinary operations  before  taxation

113,520

13.52

100,004

-32.33

147,787

348

32,947

-83.81

203,545

Extraordinary  Income

54,703

625

7,538

73.73

4,339

-77.67

19,428

456

3,488

Extraordinary  Charges

460

-89.22

4,268

983

394

-

-

-

-

Extraordinary  items

54,243

1558

3,270

-17.11

3,945

-79.69

19,428

456

3,488

Results  for  the  Year  Before Taxation

167,763

62.44

103,274

-31.94

151,732

189

52,376

-74.70

207,032

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

87,680

24.06

70,673

7.45

65,774

57.18

41,845

-45.58

76,888

Results  on  ordinary operations  after  taxation

25,840

-11.90

29,331

-64.24

82,013

921

-8,898

-107

126,657

Net  result

80,084

145

32,601

-62.07

85,958

716

10,531

-91.91

130,144

Profit  (Loss)  for  the  Year  to be appropriated

 

80,084

145

32,601

-62.07

85,958

716

10,531

-91.91

130,144

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social Balance Sheet Details

 

Social  Balance  Sheet  Details

 

 

 

 

 

 

 

 

 

Social  Balance  Sheet

 

 

 

Total

 

 

 

 

 

During  the  reporting  year

ended  31-12-2014

 

 

 

 

 

 

 

 

 

Full-time  Employees

 

 

 

3

 

 

 

 

 

Part-time  Employees

 

 

 

3

 

 

 

 

 

Total  Fte  Employees

 

 

 

5

 

 

 

 

 

Number  of  hours  worked

 

 

 

 

 

 

 

 

 

Full-time  Employees

 

 

 

5,234

 

 

 

 

 

Part-time  Employees

 

 

 

3,252

 

 

 

 

 

Total

 

 

 

8,486

 

 

 

 

 

Personnel  Charges

 

 

 

 

 

 

 

 

 

Full-time  Employees

 

 

 

113,489

 

 

 

 

 

Part-time  Employees

 

 

 

122,858

 

 

 

 

 

Total

 

 

 

236,347

 

 

 

 

 

Benefits  In  Addition  To  Wages

 

 

 

-

 

 

 

 

 

During  the  previous  reporting  year

 

 

 

 

 

 

 

 

 

Average  number  employees  in  Fte

 

 

 

5

 

 

 

 

 

Actual  working  hours

 

 

 

8,337

 

 

 

 

 

Personnel  Charges

 

 

 

183,228

 

 

 

 

 

Benefits  In  Addition  To  Wages

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Type  of  Contract

 

Full-Time

 

Part-Time

 

 

Total  Fte

 

 

Unlimited  Duration Contracts

 

3

 

3

 

 

5

 

 

Limited  Duration  Contracts

 

-

 

-

 

 

-

 

 

Contracts  For  Specific  Work

 

-

 

-

 

 

-

 

 

Contracts  Regarding

 

-

 

-

 

 

-

 

 

 

 

GENDER AND EDUCATION LEVEL

 

Men

Full-Time

Part-Time

Total  Fte

Primary  education

1

-

1

Secondairy  education

-

-

-

Higher  education  (non university)

-

-

-

Higher  education (university)

-

-

-

 

 

 

 

Women

Full-Time

Part-Time

Total Fte

Primary  education

-

1

1

Secondairy  education

2

2

3

Higher  education  (non university)

-

-

-

Higher  education (university)

-

-

-

 

 

Working  Category

Full-Time

Part-Time

Total Fte

Management

-

-

-

White  collar  worker

1

2

2

Blue  collar  worker

2

1

3

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

-

-

-

 

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

 

 

Payment Information

 

Suspension  of  payments /  moratorium  history

 

Amount

-

Details

-

 

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

2

Total  number  of  Invoices  paid  within  or  up  to  30  days  after  the  due  date

0

Total  number  of  Invoices  paid  more  than  30  days  after  the  due  date

0

Total  number  of  Invoices  currently  outstanding  where  the  due  date  has  not  yet  been  reached

2

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

0

 

 

Payment  expectations

 

Payment  expectation  days

14.94

Day  sales  outstanding

81.18

Industry  comparison

 

Activity  code

46761

Activity  description

Wholesale  of  diamonds  and  other  precious  stones

Industry  average  payment

expectation days

110.58

Industry  average  day  sales outstanding

172.59

 

 

INDUSTRY QUARTILE ANALYSIS

 

Payment expectations

 

Company  result

14.94

Lower

120.34

Median

74.93

Upper

45.40

 

 

Day  sales  outstanding

 

Company  result

81.18

Lower

106.72

Median

54.51

Upper

24.79

 

 

Shareholder Details

 

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

 

Business

Company  name

%

Date  of

number

 

 

accounts

11-41203

GOLDIAM  INTERNATIONAL

10.82

31/03/2015

 

 

Individual Shareholders

SHAREHOLDER  NAME

 

 

 

 

 

 

Forename

Akshaykumar

Middle  name

 

-

 

 

Surname

Mehta

 

 

 

 

 

SHAREHOLDER  DETAILS

 

 

 

 

 

 

Start  date

17/07/1997(estimated)

End  date

 

-

 

 

Percentage  owned

20%

 

 

 

 

 

SHAREHOLDER  ADDRESS

 

 

 

 

 

 

Street  name

Mechelsesteenweg

House  number

 

213

 

 

Minor  town

-

Postal  town

 

Antwerpen

 

 

Post  code

2018

Country

 

Belgium

 

 

SHAREHOLDER  NAME

 

 

 

 

 

 

Forename

Dilip

Middle  name

 

-

 

 

Surname

Thakker

 

 

 

 

 

SHAREHOLDER  DETAILS

 

 

 

 

 

 

Start  date

17/07/1997(estimated)

End  date

 

-

 

 

Percentage  owned

40%

 

 

 

 

 

SHAREHOLDER  ADDRESS

 

 

 

 

 

 

Street  name

Van  Eycklei

House  number

 

6

 

 

Minor  town

-

Postal  town

 

Antwerpen

 

 

Post  code

2018

Country

 

Belgium

 

 

 

 

Linked Companies

 

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

 

 

Director details

 

Current director details

 

Position

Director

Start  Date

01/10/2013

Street

213 MECHELSESTEENWEG  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

Name

SAGAR  MEHTA

 

 

Former  director  details

 

Name

SHEKHAR  NARESH  SEDANI

Position

Director

Start  Date

01/01/2007

End  Date

Unknown  date

Street

122 BELGIËLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

Name

SANAT  ARVINDBHAI  JHAVERI

Position

Director

Start  Date

12/06/2008

End  Date

Unknown  date

Street

2 LANGE  LEEMSTRAAT  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

Name

AKSHAYKUMAR  TRIKAMIAL  MEHTA

Position

Managing  Director

Start  Date

11/08/2010

End  Date

Unknown  date

Street

213 MECHELSESTEENWEG  ANTWERPEN

Post  code

2018

Country

Belgium

 

Position

Director

Start  Date

24/04/1997

End  Date

Unknown  date

Street

213 MECHELSESTEENWEG  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

Name

DILIP  RAMNIKLAL  THAKKER

Position

Chairman  of  the  Board

Start  Date

24/04/1997

End  Date

Unknown  date

Street

6 VAN  EYCKLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

Position

Managing  Director

Start  Date

23/09/2011

End  Date

Unknown  date

Street

6 VAN  EYCKLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

Position

Director

Start  Date

24/04/1997

End  Date

01/01/2002

Street

6 VAN  EYCKLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

Name

SHALIN  JHAVERI

Position

Director

Start  Date

01/07/2008

End  Date

Unknown  date

Street

--

Post Code

--

Country

--

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.97

UK Pound

1

Rs.101.19

Euro

1

Rs.73.38

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIT

 

               

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.