MIRA INFORM REPORT

 

 

Report No. :

504253

Report Date :

14.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

BONAS  TEXTILE  MACHINERY  NV

 

 

Registered Office :

Michel  Vandewielestraat  7, 8510 Kortrijk

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

03.04.2003

 

 

Com. Reg. No.:

479941548

 

 

Legal Form :

Public  limited  company

 

 

Line of Business :

Wholesale  of  machinery  for the  textile  industry,  and  of sewing  and  knitting  machines

 

 

No. of Employees :

Not available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Belgium

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

BELGIUM - ECONOMIC OVERVIEW

 

Belgium’s central geographic location and highly developed transport network have helped develop a well-diversified economy, with a broad mix of transport, services, manufacturing, and high tech. Service and high-tech industries are concentrated in the northern Flanders region while the southern region of Wallonia is home to industries like coal and steel manufacturing. Belgium is completely reliant on foreign sources of fossil fuels, and the planned closure of its seven nuclear plants by 2025 should increase its dependence on foreign energy. Its role as a regional logistical hub makes its economy vulnerable to shifts in foreign demand, particularly with EU trading partners. Roughly three-quarters of Belgium's trade is with other EU countries, and the port of Zeebrugge conducts almost half its trade with the United Kingdom alone, leaving Belgium’s economy vulnerable to the outcome of negotiations on the UK’s exit from the EU.

Belgium’s GDP grew by 1.7% in 2017 and the budget deficit was 1.5% of GDP. Unemployment stood at 7.3%, however the unemployment rate is lower in Flanders than Wallonia, 4.4% compared to 9.4%, because of industrial differences between the regions. The economy largely recovered from the March 2016 terrorist attacks that mainly impacted the Brussels region tourist and hospitality industry. Prime Minister Charles MICHEL's center-right government has pledged to further reduce the deficit in response to EU pressure to decrease Belgium's high public debt of about 104% of GDP, but such efforts could also dampen economic growth. In addition to restrained public spending, low wage growth and higher inflation promise to curtail a more robust recovery in private consumption.

The government has pledged to pursue a reform program to improve Belgium’s competitiveness, including changes to labor market rules and welfare benefits. These changes have generally made Belgian wages more competitive regionally, but risk worsening tensions with trade unions and triggering extended strikes. In 2017, Belgium approved a tax reform plan to ease corporate rates from 33% to 29% by 2018 and down to 25% by 2020. The tax plan also included benefits for innovation and SMEs, intended to spur competitiveness and private investment.

 

Source : CIA

 

Company name

 

BONAS  TEXTILE  MACHINERY  NV  -  479941548

 

 

Company  summary                       

 

Business  number

479941548

Branche  Unit  Number

2126644727

Company  name

BONAS  TEXTILE  MACHINERY  NV

Address

MICHEL  VANDEWIELESTRAAT  7

 

8510 KORTRIJK

Date  of  establishment

03/04/2003

Telephone  number

3256243211

Mobile  number

-

Fax  number

056243540

Liable  for  VAT

yes

VAT  Number

BE.0479.941.548  Check  VAT  number

 

 

Ultimate  holding  company       

 

Company  name

Company  Number

TITAN  BARATTO  NV

401868624

 

 

Commentary

 

The  business  was  established  over  15  years  ago.

No  employees  are  recorded  for  this  business.

The  business  is  part  of  a  group.

The  business  has  been  at  the  address  for  over  15  years.

A  31%  decline  in  Total  Assets  occurred  during  the  latest  trading  period.

Pre-tax  profits  decreased  by  27%  compared  to  the  previous  trading  period.

The  business  saw  an  increase  in  their  Cash  Balance  of  21%  during  the  latest  trading  period.

 

 

Annual  accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2016

28,422,037

723,695

3,634,347

3,834,347

31/12/2015

28,596,779

993,254

3,142,735

3,361,935

31/12/2014

25,475,364

1,250,100

2,470,399

2,929,999

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2016

9,576,680

-

250,000

491,612

31/12/2015

-

-

250,000

672,336

31/12/2014

-

-

250,000

835,466

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

62.94

Industry  average  payment

65.46

Industry  average  day  sales

201.70

expectation  days

 

outstanding

 

Day  sales  outstanding

92.92

 

 

 

 

Court  data  summary

 

BANKRUPTCY  DETAILS

 

Court  action  type

no

 

 

PROTESTED  BILLS

 

Bill  amount

-

 

 

NSSO  DETAILS

 

Date  of  summons

-

 

 

Company  information

 

Business  number

479941548

Company  name

BONAS  TEXTILE

 

 

 

MACHINERY  NV

Fax  number

056243540

Date  founded

03/04/2003

Company  status

active

Company  type

Public  limited  company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2016

Activity  code

46640

Number  of  staff

-

Activity  description

Wholesale  of  machinery  for the  textile  industry,  and  of sewing  and  knitting machines

 

 

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)

 

Significant  Events

 

Event  Date

21/05/2014

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaar  21-05-2014:  Herbenoemd  als  bestuurders  voor  een  periode  van  6  jaar  :  Charles Beauduin  en  Lucien  Beauduin.

Event  Date

03/04/2003

Event  Description

Legal  creation

Event  Details

 

 

 

Company  accounts

 

Assets

 

 

 

 

 

 

 

 

 

Annual  accounts

31-12-2016

%

31-12-2015

%

31-12-2014

%

31-12-2013

%

31-12-2012

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

0

-

0

-

0

-

0

-

0

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

0

-

0

-

0

-

0

-

0

Land  &  building

0

-

0

-

0

-

0

-

0

Plant  &  machinery

0

-

0

-

0

-

0

-

0

Furniture  &  Vehicles

0

-

0

-

0

-

0

-

0

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

0

-

0

-

0

-

0

-

0

Total  current  assets

9,576,680

-31.53

13,985,969

30.66

10,703,761

37.47

7,785,984

23.63

6,297,705

Inventories

648,748

-30.15

928,836

319

221,234

-43.11

388,886

2.47

379,521

Raw  materials  &  consumables

0

-

0

-

0

-

0

-

0

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

648,748

-30.15

928,836

319

221,234

-43.11

388,886

2.47

379,521

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

7,235,603

-42.06

12,488,721

42.96

8,735,988

59.39

5,481,028

13.10

4,846,336

Other  amounts  receivable

1,021,280

6901

14,587

-97.61

609,341

32.58

459,598

-9.62

508,524

Cash

670,048

21.12

553,196

-51.34

1,136,837

-21.94

1,456,298

158

563,230

Miscellaneous  current  assets

1,000

58.80

630

74.26

361

107

175

85.72

94

Total  Assets

9,576,680

-31.53

13,985,969

30.66

10,703,761

37.47

7,785,984

23.63

6,297,705

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

3,634,347

15.64

3,142,735

27.22

2,470,399

51.10

1,634,933

24.85

1,309,498

Issued  share  capital

250,000

0

250,000

0

250,000

0

250,000

0

250,000

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

3,384,347

16.99

2,892,735

30.28

2,220,399

60.33

1,384,933

30.72

1,059,498

Provisions  for  Liabilities  &  Charges

200,000

-8.76

219,200

-52.31

459,600

53.20

300,000

50.0

200,000

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

5,742,333

-45.95

10,624,034

36.67

7,773,762

32.86

5,851,050

22.20

4,788,206

Other  long  term  loans

0

-

0

-

0

-

0

-

0

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

200,000

-8.76

219,200

-52.31

459,600

53.20

300,000

50.0

200,000

Current  portion  of  long  term  debt

0

-

0

-

0

-

0

-

0

Financial  debts

0

-

0

-

0

-

0

-

0

Trade  creditors

4,779,470

-2.19

4,886,656

28.59

3,800,150

31.81

2,882,969

8.55

2,655,860

Amounts  Payable  for  Taxes,

27,009

888

2,731

-97.97

134,550

-

0

-100

28,544

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

935,853

-83.68

5,734,647

49.38

3,839,063

29.34

2,968,081

41.08

2,103,803

Total  current  liabilities

5,742,333

-45.95

10,624,034

36.67

7,773,762

32.86

5,851,050

22.20

4,788,206

Total  Liabilities

9,576,680

-31.53

13,985,969

30.66

10,703,761

37.47

7,785,984

23.63

6,297,705

ratio  analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

2.55

-26.51

3.47

-29.33

4.91

98.79

2.47

280

0.65

Return  on  capital  employed

18.87

-36.12

29.54

-30.77

42.67

72.68

24.71

223

7.64

Return  on  total  assets  employed

7.56

6.48

7.10

-39.21

11.68

90.23

6.14

235

1.83

Return  on  net  assets  employed

19.91

-36.99

31.60

-37.55

50.60

73.05

29.24

232

8.80

Sales  /  net  working  capital

7.41

-12.93

8.51

-2.07

8.69

-13.10

10.00

-14.89

11.75

Stock  turnover  ratio

2.28

-29.85

3.25

273

0.87

-56.72

2.01

-6.07

2.14

Creditor  days

62.94

-1.93

64.18

12.70

56.95

2.52

55.55

2.10

54.41

Debtor  days

92.92

-41.71

159.40

27.35

125.17

21.10

103.36

3.60

99.77

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.67

26.52

1.32

-4.35

1.38

3.76

1.33

0.76

1.32

Liquidity  ratio  /  acid  ratio

1.55

26.02

1.23

-8.89

1.35

7.14

1.26

1.61

1.24

Current  debt  ratio

1.58

-53.25

3.38

7.30

3.15

-12.01

3.58

-2.19

3.66

Cashflow

491,612

-26.88

672,336

-19.53

835,466

156

325,435

280

85,547

Net  worth

3,634,347

15.64

3,142,735

27.22

2,470,399

51.10

1,634,933

24.85

1,309,498

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

-

-

-

-

-

-

-

-

-

Equity  in  percentage

37.95

68.89

22.47

-2.64

23.08

9.90

21.00

1.01

20.79

Total  debt  ratio

1.64

-52.46

3.45

3.60

3.33

-11.44

3.76

-1.31

3.81

Working  capital

3,834,347

14.05

3,361,935

14.74

2,929,999

51.43

1,934,933

28.18

1,509,498

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

30,202,902

-1.13

30,546,703

12.48

27,157,141

30.31

20,840,981

8.48

19,211,572

Turnover

28,422,037

-0.61

28,596,779

12.25

25,475,364

31.62

19,355,308

9.17

17,729,651

Total  operating  expenses

27,717,159

-0.26

27,789,469

14.11

24,354,288

28.57

18,941,901

6.33

17,814,839

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

30,202,902

1.56

29,739,393

14.22

26,036,066

27.46

20,427,574

5.86

19,296,760

Employee  costs

-

-

-

-

-

-

-

-

-

Wages  and  salary

-

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

-

-

-

-

Other  employee  costs

-

-

-

-

-

-

0

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

-

-

-

-

-

-

-

-

-

Operating  result

704,878

-12.69

807,310

-27.99

1,121,076

171

413,407

485

-85,188

Total  financial  income

154,350

-56.17

352,196

54.02

228,664

124

101,925

-64.94

290,716

Total  financial  expenses

135,533

-18.48

166,252

66.85

99,640

167

37,274

-58.69

90,240

Results  on  ordinary  operations

723,695

-27.14

993,254

-20.55

1,250,100

161

478,057

314

115,288

before  taxation

 

 

 

 

 

 

 

 

 

Results  for  the  Year  Before

723,695

-27.14

993,254

-20.55

1,250,100

161

478,057

314

115,288

Taxation

 

 

 

 

 

 

 

 

 

Taxation

232,084

-27.68

320,918

-22.60

414,634

171

152,622

413

29,741

Results  on  ordinary  operations

491,612

-26.88

672,336

-19.53

835,466

156

325,435

280

85,547

after  taxation

 

 

 

 

 

 

 

 

 

Net  result

491,612

-26.88

672,336

-19.53

835,466

156

325,435

280

85,547

Profit  (Loss)  for  the  Year  to  be appropiated

166,112

-54.16

362,336

-56.63

835,466

156

325,435

280

85,547

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social  Balance  Sheet  Details            

 

Social  Balance  Sheet  Details

 

 

 

Social  Balance  Sheet

 

Total

 

During  the  reporting  year

 

 

 

ended  31-12-2016

 

 

 

Full-time  Employees

 

-

 

Part-time  Employees

 

-

 

Total  Fte  Employees

 

-

 

Number  of  hours  worked

 

 

 

Full-time  Employees

 

-

 

Part-time  Employees

 

-

 

Total

 

-

 

Personnel  Charges

 

 

 

Full-time  Employees

 

-

 

Part-time  Employees

 

-

 

Total

 

-

 

Benefits  In  Addition  To  Wages

 

-

 

During  the  previous  reporting  year

 

 

 

Average  number  employees  in  Fte

 

-

 

Actual  working  hours

 

-

 

Personnel  Charges

 

-

 

Benefits  In  Addition  To  Wages

 

-

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

-

-

-

Contracts

 

 

 

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding Substitution

-

-

-

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

-

-

-

Blue  collar  worker

-

-

-

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

-

-

 

 

 

Industry  comparison  

 

Activity  code

46640

Activity  description

Wholesale  of  machinery  for  the  textile  industry,  and  of  sewing  and  knitting  machines

 

 

Payment  Information  

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

72

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

68

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

4

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

0

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

0

 

 

Suspension  of  payments  /  moratorium  history

 

Amount

-

Details

-

Payment  expectations

 

Payment  expectation  days

62.94

Day  sales  outstanding

92.92

Industry  comparison

 

Activity  code

46640

Activity  description

Wholesale  of  machinery  for  the  textile  industry,  and  of  sewing  and  knitting  machines

Industry  average  payment

65.46

expectation  days

 

Industry  average  day  sales

201.70

outstanding

 

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

62.94

Lower

92.02

Median

62.94

Upper

33.45

 

 

Day  sales  outstanding

 

Company  result

92.92

Lower

201.35

Median

119.50

Upper

36.24

 

 

Shareholder  Details             

 

Summary

 

Group  -  Number  of  Companies

19

Linkages  -  Number  of  Companies

17

Number  of  Countries

8

 

 

Group  Structure

 

 

Company  name

Number

Latest

 

 

financials

- TITAN  BARATTO  NV

401868624

31-12-2016

- - FERROMATRIX  NV

432779356

31-12-2015

- - MICHEL  VAN  DE  WIELE  NV

405450595

31-12-2016

- - - BONAS  TEXTILE  MACHINERY  NV

479941548

31-12-2016

- - - DENDRE-ESCAUT  SERVICES  FINANCIERS  SA

866443491

31-12-2016

- - - INDIMMO  NV

451580431

31-12-2015

- - - VAN  DE  WIELE  COORDINATIECENTRUM  NV

472760479

31-12-2016

- - - COBBLE  -  VAN  DE  WIELE  LIMITED

08532708

31-12-2016

- - - IROPA  AG

CHE106916501

 

- - - INDUSTRIE  NAHMASCHINEN  HOLDING  SA

 

 

- - - MICHAEL  VAN  DE  WIELE  GMBH

HRB  1945

N/R

- - VIGAN  TECHNOLOGY  SA

440622696

31-12-2016

- - AS-C  PROJECTS  LIMITED

04902108

31-12-2016

 

 

Minority  Shareholders

No  minority  shareholders  found

 

 

Minority  Interests

No  minority  interests  found

 

 

Linked  Companies                    

 

Summary

 

Group  -  Number  of  Companies

19

Linkages  -  Number  of  Companies

17

Number  of  Countries

8

 

 

Linked  Companies

 

 

 

NAME

NUMBER

LATEST  KEY

TURNOVER

 

 

FINANCIALS

 

IRO  AKTIEBOLAG

5565129417

31.12.2016

322.723

 

 

 

KSEK

NUOVA  ROJ  ELECTROTEX  -  S.R.L.

00381150135

31.12.2016

€44.476.829

UTILIZZABILE  NELLA  FORMA

 

 

 

ABBREVIATA  ROJ  -  S.R.L.

 

 

 

MICHEL  VAN  DE  WIELE  GMBH

HRB  733128

31.12.2015

€55.951.575

BRAINE  L'ALLEUD  SERVICES

866442701

31.12.2016

-

FINANCIERS  SA

 

 

 

RIVERMILLS  BVBA

406879762

31.12.2016

€6.329.751

PROTECHNA  HERBST  GMBH  &  CO.  KG

HRA  54960

31.12.2010

-

STACCATO  TECHNOLOGIES  AB

5564003316

31.12.2016

885 KSEK

AROS  ELECTRONICS  AKTIEBOLAG

5561054486

31.12.2016

358.686

 

 

 

KSEK

A.  DE  KONINCK  NV

429350209

31.12.2016

-

BMC  (ENGINEERING  SOLUTIONS)  CO.

05849011

31.12.2016

-

LIMITED

 

 

 

MEMMINGER-IRO  GESELLSCHAFT  MIT

HRB  440406

-

-

BESCHRÄNKTER  HAFTUNG

 

 

 

IRO  GMBH

HRB  2581

-

-

IRO  GMBH

HRB  733525

-

-

VAN  DE  WIELE  INC

-

-

$653.525

N.V.  MICHEL  VAN  DE  WIELE

-

-

-

TRIOSTAR  HOLDINGS  LTD

-

-

-

VDW  IRO  AMERICA  INC

-

-

-

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

18/05/2016

Street

 

Post  code

 

Country

 

Name

Thomas  Beauduin

Name

Bernadette  de  Bethune

Position

Director

Start  Date

16/05/2012

Street

444 Lenniksesteenweg  Halle

Post  code

1500

Country

Belgium

Name

Germain  Arnoys

Position

Director

Start  Date

21/05/2008

Street

 

Post  code

 

Country

 

Name

Charles-Lambert  Beauduin

Position

Director

Start  Date

21/05/2008

Street

444 Lenniksesteenweg  Halle

Post  code

1500

Country

Belgium

Former  director  details

 

Name

Lucien  Beauduin

Position

Director

Start  Date

21/05/2008

End  Date

20/05/2015

Date  of  birth

28/12/1931

Street

20 EIKENLAAN  BRUSSEL

Post  code

1180

Country

Belgium

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.22

UK Pound

1

INR 92.77

Euro

1

INR 80.34

Euro

1

INR 80.51 

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

Report Prepared by :

SYL

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.