|
|
|
MIRA INFORM REPORT
|
Report No. : |
504693 |
|
Report Date : |
18.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
WAHL DIAMONDS BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat
2-Bus 143, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
22.10.1982 |
|
|
|
|
Com. Reg. No.: |
423167250 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of Diamonds and Other Precious Stones |
|
|
|
|
No. of Employees : |
3 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
summary
Business
number 423167250
Branche
Unit Number 2021221959
Company
name WAHL DIAMONDS BVBA
Address
HOVENIERSSTRAAT 2-BUS 143
2018 ANTWERPEN
Date
of establishment 22/10/1982
Telephone
number 3232323568
Mobile
number 32488833169
Fax
number 032317647
Liable
for VAT Yes
VAT
Number BE.0423.167.250 Check VAT
number
Commentary
The
business was established over 35 years ago.
The
business has 3 employees.
The
business is part of a group.
The
business has been at the address for over 30 years.
Operating
Result in the latest trading period increased 94% on the previous trading
period.
Net
Worth increased by 21% during the latest trading period.
Pre-tax profits
increased by 4248% compared to the previous trading period.
ANNUAL ACCOUNTS
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2016 |
16,097,632 |
295,500 |
1,472,879 |
618,061 |
|
31/12/2015 |
15,493,282 |
6,795 |
1,213,065 |
336,338 |
|
31/12/2014 |
14,802,486 |
33,455 |
771,995 |
1,054,423 |
|
|
|
|
|
|
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2016 |
3,996,064 |
3 |
69,000 |
284,634 |
|
31/12/2015 |
4,698,014 |
2 |
69,000 |
15,548 |
|
31/12/2014 |
4,794,358 |
1 |
69,000 |
45,513 |
Payment
expectations
|
|||
|
Past payments |
|
Payment expectation days |
35.56 |
|
Industry average payment expectation days |
202.49 |
Industry average day sales
outstanding |
211.53 |
|
Day sales outstanding |
51.28 |
|
|
Court
data summary
|
BANKRUPTCY DETAILS |
||||
|
Court action type |
No |
|
|
|
|
PROTESTED BILLS |
||||
|
Bill amount |
||||
|
NSSO DETAILS |
||||
|
Date of summons |
05.10.2009 |
|
|
|
Company
information
|
Business
Number |
423167250 |
Company
Name |
WAHL DIAMONDS BVBA |
|
Fax Number |
032317647 |
Date
Founded |
22/10/1982 |
|
Company
Status |
active |
Company
Type |
Private Limited Liability Company |
|
Currency |
Euro (€) |
Date
Of Latest Accounts |
31/12/2016 |
|
Activity
Code |
46761 |
Number
Of Staff |
3 |
|
Activity
Description |
Wholesale of diamonds and other precious stones |
|
|
|
Belgian
Bullettin Of Acts Publications |
Moniteur Belge |
|
|
Joint
Industrial Committee (JIC)
JIC Code 200
Description
Additional
joint committee for the employees
category
JIC Code 218
Description Additional national
joint committee for the employees
category
Significant Events
Event Date 30/09/2014
Event Description
Event Details Afschaffing van de nominale
waarde van de aandelen.
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 |
854,984 |
-2.50 |
876,893 |
94.74 |
450,285 |
28.79 |
349,615 |
-9.05 |
384,402 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
854,984 |
-2.50 |
876,893 |
94.74 |
450,285 |
28.79 |
349,615 |
-9.05 |
384,402 |
|
Land & building |
848,100 |
-2.64 |
871,096 |
96.44 |
443,431 |
29.22 |
343,164 |
-6.47 |
366,897 |
|
Plant & machinery |
6,742 |
22.29 |
5,513 |
-18.91 |
6,799 |
15.50 |
5,887 |
-12.56 |
6,733 |
|
Furniture & Vehicles |
142 |
-50.00 |
283 |
415 |
55 |
-90.25 |
564 |
-94.76 |
10,773 |
|
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 |
3,141,080 |
-17.80 |
3,821,121 |
-12.04 |
4,344,073 |
-9.65 |
4,808,243 |
-13.83 |
5,580,017 |
|
Inventories |
484,435 |
-21.73 |
618,924 |
-36.66 |
977,154 |
-2.96 |
1,006,958 |
-6.79 |
1,080,349 |
|
Raw materials & consumables |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
484,435 |
-21.73 |
618,924 |
-36.66 |
977,154 |
-2.96 |
1,006,958 |
-6.79 |
1,080,349 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
2,261,423 |
-18.24 |
2,766,079 |
-11.54 |
3,126,774 |
-12.06 |
3,555,413 |
-17.59 |
4,314,141 |
|
Other amounts receivable |
8,366 |
44.30 |
5,798 |
-95.31 |
123,527 |
3.67 |
119,156 |
9.52 |
108,794 |
|
Cash |
381,092 |
-10.92 |
427,820 |
266 |
116,618 |
86.32 |
62,589 |
396 |
12,606 |
|
Miscellaneous current assets |
5,764 |
130 |
2,500 |
- |
0 |
- |
0 |
- |
0 |
|
Total Assets |
3,996,064 |
-14.94 |
4,698,014 |
-2.01 |
4,794,358 |
-7.05 |
5,157,858 |
-13.52 |
5,964,419 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
1,472,879 |
21.42 |
1,213,065 |
57.13 |
771,995 |
10.01 |
701,778 |
3.29 |
679,402 |
|
Issued share capital |
69,000 |
0 |
69,000 |
0 |
69,000 |
38.00 |
50,000 |
0 |
50,000 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
796,298 |
-2.75 |
818,798 |
109 |
391,298 |
15.94 |
337,500 |
-6.25 |
360,000 |
|
Reserves |
607,580 |
86.79 |
325,267 |
4.35 |
311,697 |
-0.82 |
314,278 |
16.66 |
269,402 |
|
Provisions for Liabilities & Charges |
166 |
0 |
166 |
-0.10 |
166 |
0.10 |
166 |
0 |
166 |
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
2,523,019 |
-27.60 |
3,484,783 |
-13.36 |
4,022,197 |
-9.73 |
4,455,914 |
-15.69 |
5,284,852 |
|
Other long term loans |
0 |
- |
0 |
-100 |
732,547 |
-7.31 |
790,292 |
-11.52 |
893,235 |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
166 |
0 |
166 |
-99 |
732,713 |
-7.31 |
790,458 |
-11.52 |
893,401 |
|
Current portion of long term debt |
0 |
- |
0 |
-100 |
63,963 |
-12.11 |
72,772 |
5.99 |
68,661 |
|
Financial debts |
288,096 |
-63.43 |
787,770 |
-28.67 |
1,104,429 |
-22.75 |
1,429,755 |
-9.67 |
1,582,763 |
|
Trade creditors |
1,537,845 |
-24.76 |
2,043,967 |
-1.50 |
2,075,056 |
-0.62 |
2,088,086 |
-23.17 |
2,717,771 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
56,571 |
252 |
16,050 |
-2.02 |
16,381 |
-58.07 |
39,069 |
161 |
14,914 |
|
Miscellaneous current liabilities |
640,507 |
0.55 |
636,995 |
2036 |
29,821 |
-17.02 |
35,939 |
378 |
7,509 |
|
Total current liabilities |
2,523,019 |
-27.60 |
3,484,783 |
5.93 |
3,289,650 |
-10.26 |
3,665,622 |
-16.53 |
4,391,617 |
|
Total Liabilities |
3,996,064 |
-14.94 |
4,698,014 |
-2.01 |
4,794,358 |
-7.05 |
5,157,858 |
-13.52 |
5,964,419 |
|
RATIO
ANALYSIS |
|
|
|
|
|
|
|
|
|
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
1.84 |
4500 |
0.04 |
-82.61 |
0.23 |
-4.17 |
0.24 |
41.18 |
0.17 |
|
Return on capital employed |
20.06 |
3482 |
0.56 |
-74.77 |
2.22 |
-18.08 |
2.71 |
50.56 |
1.80 |
|
Return on total assets employed |
7.39 |
5178 |
0.14 |
-80.0 |
0.70 |
-10.26 |
0.78 |
65.96 |
0.47 |
|
Return on net assets employed |
20.06 |
3482 |
0.56 |
-87.07 |
4.33 |
-24.83 |
5.76 |
38.46 |
4.16 |
|
Sales / net working capital |
26.05 |
-43.44 |
46.06 |
228 |
14.04 |
-3.04 |
14.48 |
5.31 |
13.75 |
|
Stock turnover ratio |
3.01 |
-24.56 |
3.99 |
-39.55 |
6.60 |
8.37 |
6.09 |
-7.87 |
6.61 |
|
Creditor days |
35.56 |
-26.92 |
48.66 |
-4.89 |
51.16 |
9.90 |
46.55 |
-24.02 |
61.27 |
|
Debtor days |
51.28 |
-21.30 |
65.16 |
-15.49 |
77.10 |
-1.71 |
78.44 |
-18.60 |
96.36 |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.24 |
12.73 |
1.10 |
-16.67 |
1.32 |
0.76 |
1.31 |
3.15 |
1.27 |
|
Liquidity ratio / acid ratio |
1.05 |
14.13 |
0.92 |
-9.80 |
1.02 |
-1.92 |
1.04 |
1.96 |
1.02 |
|
Current debt ratio |
1.71 |
-40.42 |
2.87 |
-32.63 |
4.26 |
-18.39 |
5.22 |
-19.20 |
6.46 |
|
Cashflow |
284,634 |
1730 |
15,548 |
-65.84 |
45,513 |
-4.52 |
47,666 |
-6.46 |
50,957 |
|
Net worth |
1,472,879 |
21.42 |
1,213,065 |
57.13 |
771,995 |
10.01 |
701,778 |
3.29 |
679,402 |
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
19.56 |
-69.88 |
64.94 |
-73.63 |
246.24 |
-24.63 |
326.72 |
-12.77 |
374.54 |
|
Equity in percentage |
36.86 |
42.76 |
25.82 |
60.37 |
16.10 |
18.30 |
13.61 |
19.49 |
11.39 |
|
Total debt ratio |
1.71 |
-40.42 |
2.87 |
-44.91 |
5.21 |
-17.95 |
6.35 |
-18.38 |
7.78 |
|
Working capital |
618,061 |
83.76 |
336,338 |
-68.10 |
1,054,423 |
-7.72 |
1,142,622 |
-3.85 |
1,188,400 |
|
PROFIT
& LOSS |
|||||||||
|
Operating Income |
16,134,121 |
4.04 |
15,508,267 |
4.69 |
14,814,184 |
-10.49 |
16,551,194 |
1.15 |
16,363,508 |
|
Turnover |
16,097,632 |
3.90 |
15,493,282 |
4.67 |
14,802,486 |
-10.53 |
16,544,551 |
1.25 |
16,341,086 |
|
Total operating expenses |
15,786,003 |
2.95 |
15,333,011 |
3.57 |
14,804,845 |
-9.59 |
16,374,464 |
1.14 |
16,189,446 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
16,134,121 |
5.12 |
15,347,996 |
3.59 |
14,816,543 |
-9.55 |
16,381,108 |
1.04 |
16,211,869 |
|
Employee costs |
113,128 |
47.33 |
76,785 |
18.39 |
64,857 |
-16.60 |
77,766 |
27.14 |
61,167 |
|
Wages and salary |
98,723 |
46.06 |
67,589 |
22.32 |
55,257 |
-14.36 |
64,521 |
18.14 |
54,614 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
11,553 |
57.76 |
7,323 |
-5.69 |
7,765 |
-37.17 |
12,358 |
83.08 |
6,750 |
|
Other employee costs |
2,852 |
52.31 |
1,872 |
2.04 |
1,835 |
106 |
887 |
447 |
-198 |
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization and depreciation |
24,820 |
1.40 |
24,478 |
-4.11 |
25,528 |
0.94 |
25,290 |
-10.36 |
28,213 |
|
Operating result |
311,630 |
94.44 |
160,271 |
6794 |
-2,359 |
-101 |
170,086 |
12.16 |
151,640 |
|
Total financial income |
415,004 |
-58.82 |
1,007,736 |
92.41 |
523,756 |
42.15 |
368,450 |
-33.50 |
554,020 |
|
Total financial expenses |
431,134 |
-62.87 |
1,161,212 |
137 |
487,942 |
-2.04 |
498,099 |
-26.47 |
677,418 |
|
Results on ordinary operations before taxation |
295,500 |
4248 |
6,795 |
-79.69 |
33,455 |
-17.27 |
40,438 |
43.18 |
28,242 |
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
- |
- |
- |
- |
0 |
- |
0 |
- |
0 |
|
Results for the Year Before Taxation |
295,500 |
4248 |
6,795 |
-79.69 |
33,455 |
-17.27 |
40,438 |
43.18 |
28,242 |
|
Taxation |
35,687 |
126 |
15,725 |
16.74 |
13,470 |
-25.42 |
18,061 |
228 |
5,498 |
|
Results on ordinary operations after taxation |
259,814 |
2909 |
-8,930 |
-144 |
19,985 |
-10.69 |
22,377 |
-1.61 |
22,744 |
|
Net result |
259,814 |
2909 |
-8,930 |
-144 |
19,985 |
-10.69 |
22,377 |
-1.61 |
22,744 |
|
Profit (Loss) for the Year to be
appropriated |
259,814 |
2909 |
-8,930 |
-144 |
19,985 |
-10.69 |
22,377 |
-1.61 |
22,744 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Social BALANCE SHEET DETAILS
|
Social
Balance Sheet |
Total |
|
During
the reporting year |
|
|
ended 31-12-2016 |
|
|
Full-time
Employees |
1 |
|
Part-time
Employees |
3 |
|
Total
Fte Employees |
3 |
|
|
|
|
Number
of hours worked |
|
|
Full-time
Employees |
1,261 |
|
Part-time
Employees |
3,431 |
|
Total |
4,692 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
30,404 |
|
Part-time
Employees |
82,724 |
|
Total |
113,128 |
|
Benefits
In Addition To Wages |
- |
|
|
|
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
2 |
|
Actual
working hours |
4,358 |
|
Personnel
Charges |
76,785 |
|
Benefits
In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited Duration Contracts |
- |
3 |
2 |
Gender and Education
Level
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Secondairy Education |
- |
2 |
1 |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Secondairy Education |
- |
1 |
1 |
|
Working Category
|
Full-Time |
Part-Time |
Total
Fte |
|
White Collar Worker |
- |
2 |
1 |
|
Blue Collar Worker |
- |
1 |
1 |
|
New Staff And
Leavers |
Full-Time |
Part-Time |
Total
Fte |
|
New Starters |
1 |
- |
1 |
|
Leavers |
1 |
- |
1 |
Industry
comparison
|
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other precious stones |
Payment
expectations
|
|
|
Payment expectation days |
35.56 |
|
Day sales outstanding |
51.28 |
|
|
|
|
Industry
comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other precious stones |
|
Industry average payment expectation days |
202.49 |
|
Industry average day sales outstanding |
211.53 |
|
Industry quartile
analysis |
|
|
Payment
expectations |
|
|
Company result |
35.56 |
|
Lower |
132.04 |
|
Median |
58.70 |
|
Upper |
25.65 |
|
|
|
|
Day sales
outstanding |
|
|
Company result |
51.28 |
|
Lower |
136.36 |
|
Median |
81.15 |
|
Upper |
44.49 |
Shareholder
details
Group Structure
|
Company
Name |
Number |
Latest
Financials |
|
- WAHL SALIK HOLDING NV |
472420385 |
30-06-2014 |
Minority Shareholders
No minority shareholder found
Minority Interests
No minority interest found
Companies that match this address
|
Business
Number |
Company
Name |
Date
of Accounts |
|
463716517 |
GAN DIAMONDS BVBA |
- |
|
880539472 |
MRD DIAMONDS BVBA |
31/12/2011 |
|
424850496 |
INTERNATIONAL DIAMOND TRADERS CY BVBA |
31/12/2015 |
Linked
Companies
|
Summary |
|
|
Group - Number of Companies |
3 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Summons
|
Legal
Event Type |
Social Security Summons |
|
|
|
Event Date |
05/10/2009 |
|
|
|
Court Type |
|
Court Name |
Antwerpen |
|
Creditor's
Name |
Rijksdienst voor Sociale Zekerheid |
3rd
Party Type |
Summoning Party |
|
|
|
|
|
|
Legal Event
Type |
Social Security Summons |
|
|
|
Event Date |
07/09/2009 |
|
|
|
Court Type |
Court name |
Antwerpen |
|
|
Creditor's
Name |
3rd party type |
|
|
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 |
Manager |
|
Start Date |
10/12/2017 |
|
Street |
161 Lamorinièrestraat Antwerpen |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
Eliezer Wahl |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.61 |
|
|
1 |
INR 94.21 |
|
Euro |
1 |
INR 81.32 |
|
Euro |
1 |
INR 81.15 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
TPT |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.