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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

505375

Report Date :

21.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

DIESEKO GROUP B.V.

 

 

Registered Office :

Lelystraat 49 3364AH Sliedrecht

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

04.07.1996

 

 

Com. Reg. No.:

KvK-nummer: 24443483

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Subject is engaged in Wholesale of construction machinery (building equipment).

 

 

No. of Employees :

68

 

 

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 :

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)

Netherlands

A1

A1

 

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

 

 

NETHERLANDS - ECONOMIC OVERVIEW

 

The Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a consistently high trade surplus, stable industrial relations, and low unemployment. Industry focuses on food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for food-processing and underpins the country’s status as the world’s second largest agricultural exporter.

 

The Netherlands is part of the euro zone, and as such, its monetary policy is controlled by the European Central Bank. The Dutch financial sector is highly concentrated, with four commercial banks possessing over 80% of banking assets, and is four times the size of Dutch GDP.

 

In 2008, during the financial crisis, the government budget deficit hit 5.3% of GDP. Following a protracted recession from 2009 to 2013, during which unemployment doubled to 7.4% and household consumption contracted for four consecutive years, economic growth began inching forward in 2014. Since 2010, Prime Minister Mark RUTTE’s government has implemented significant austerity measures to improve public finances and has instituted broad structural reforms in key policy areas, including the labor market, the housing sector, the energy market, and the pension system. In 2017, the government budget returned to a surplus of 0.7% of GDP, with economic growth of 3.2%, and GDP per capita finally surpassed pre-crisis levels. The fiscal policy announced by the new government in the 2018-2021 coalition plans for increases in government consumption and public investment, fueling domestic demand and household consumption and investment. The new government’s policy also plans to increase demand for workers in the public and private sector, forecasting a further decline in the unemployment rate, which hit 4.8% in 2017.

 

Source : CIA

 

Company name and Summary

 

Company name

Dieseko Group B.V.

Operative address

Lelystraat 49
3364AH Sliedrecht
Netherlands

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 24443483

VAT-number

820113220

European VAT-number

NL820113220B01

Year

2016

Mutation

2015

Mutation

2014

Fixed assets

87.199.000

11,48 

78.221.000

-6,32 

83.502.000

Total receivables

16.955.000

11,71 

15.178.000

-12,80 

17.406.000

Total equity

67.064.000

8,08 

62.048.000

0,77 

61.574.000

Short term liabilities

35.718.000

27,37 

28.043.000

73,91 

16.125.000

Net result

1.728.000

176,48 

625.000

-62,97 

1.688.000

Working capital

15.175.000

-12,44 

17.330.000

-9,70 

19.191.000

Quick ratio

0,73

-7,59 

0,79

-29,46 

1,12

https://kredietinformatie.creditdevice.nl/cache/ci-report-1362574-EN/SUMMARY-01-bar-large.png

 

 

Contact information

 

Company name

Dieseko Group B.V.

Trade names

Dieseko Group B.V.
Dieseko
PVE
Piling&Vibro-Equipment
Piling-Equipment
PVE-Equipment

Operative address

Lelystraat 49
3364AH Sliedrecht
Netherlands

Correspondence address

Lelystraat 49
3364AH Sliedrecht
Netherlands

 

Telephone number

0184410333

Email address

info@ice.pve.com

Website

www.ice.pve.com

 

 

Registration

 

Registration number

KvK-nummer: 24443483

Branch number

000006000983

VAT-number

820113220

European VAT-number

NL820113220B01

Status

Active

First registration company register

2008-09-23

Memorandum

2008-09-22

Establishment date

1996-07-04

 

Legal form

Private Limited Company

Legal person since

2008-09-23

Last proposed admendment

2017-08-17

Issued placed capital

EUR 47.091

Paid up share capital

EUR 47.091

 

 

Activities

 

SBI

4663: Wholesale of construction machinery (building equipment)

Exporter

No

Importer

No

 

Goal

De handel in en het verhuren van aannemings- materiaal, in het bijzonder van heimachines, zowel voor eigen rekening als voor rekening van derden en holdingactiviteiten

 

 

Relations

 

Involved with the following companies

Woltman Piling & Drilling Rigs B.V.
Everdenberg 17
4902TT OOSTERHOUT
Netherlands
Registration number: 53702956
Function: Manager
Starting date: 2014-09-08

Shareholders

Dieseko Beheer B.V.
Lelystraat 49
3364AH SLIEDRECHT
Netherlands
Registration number: 59295228
Percentage: 100%

 

Subsidiaries

Woltman Piling & Drilling Rigs B.V.
Everdenberg 17
4902TT OOSTERHOUT
Netherlands
Registration number: 53702956

 

Power Units B.V.
Lelystraat 49
3364AH SLIEDRECHT
Netherlands
Registration number: 23047746

 

PVE-Holland B.V.
Lelystraat 49
3364AH SLIEDRECHT
Netherlands
Registration number: 24385828

Branches

Dieseko Group B.V.
Lelystraat 51 A
3364AH SLIEDRECHT
Netherlands
Registration number: 24443483

 

Companies on same address

Power Units B.V.
Registration number: 23047746

 

PVE-Holland B.V.
Registration number: 24385828

 

IEB Participatie C.V.
Registration number: 32135345

 

Stichting Administratiekantoor IEB Holding
Registration number: 32135171

 

Stichting IEB Holding
Registration number: 32135170

 

Dieseko Beheer B.V.
Registration number: 59295228

 

Stichting Administratiekantoor Dieseko Beheer
Registration number: 59294337

Liability statements

Dieseko Beheer B.V.
Lelystraat 49
3364AH SLIEDRECHT
Netherlands
Registration number: 59295228
date of issue: 2014-04-24
Starting date: 2013-11-27

 

 

Real Estate

 

Details operative address

Surface area: 3106 m2
Purpose: Industrial function
Construction year: 1968
Status: Building in use
Under investigation: No

 

 

Management

 

Active management

A.L. Kraak Anthonie Leonard
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2008-09-25
Date of birth: 1962-01-10, Delft, NL
Involved with the following companies:

Kato Investment B.V.
Nanningh Cloecklaan 14
2061DB BLOEMENDAAL
Netherlands
Registration number: 28095375
Function: Manager
Starting date: 2002-09-24

 

Dieseko Beheer B.V.
Lelystraat 49
3364AH SLIEDRECHT
Netherlands
Registration number: 59295228
Function: Manager
Starting date: 2013-11-25

 

J.A. Kuzee Jacobus Adrianus
Netherlands
Competence: Fully authorized
Function: Financieel Manager
Starting date: 2018-03-01
Date of birth: 1961-01-04, Utrecht, NL
Involved with the following companies:

Decem Mansi Holdings B.V.
Laan van Niftarlake 81
3612BN TIENHOVEN UT
Netherlands
Registration number: 30252438
Function: General Director
Starting date: 2009-01-16

 

Sport Services Europe B.V.
Leidse Schouw 2
2408AE Alphen aan den Rijn
Netherlands
Registration number: 29036686
Insolvency: Default
Status: Dissolved
Function: Commissaris
Starting date: 2010-09-23

 

M. Vlaardingerbroek Marco
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-03-21
Date of birth: 1971-10-20, 's-Gravenhage, NL
Involved with the following companies:

International Construction Equipment B.V.
Lelystraat 49
3364AH SLIEDRECHT
Netherlands
Registration number: 39031917
Status: Dissolved
Function: Proxy
Starting date: 2002-03-11

 

S.J.T. Kieviet Samuël Johannes Theodorus
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-03-21
Date of birth: 1986-09-17, Middelharnis, NL

 

H.H.A. Wattenberg Herald Hendrikus Albertus
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2015-09-18
Date of birth: 1977-07-28, Ravenstein, NL

 

F. Seegers Frank
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2016-02-18
Date of birth: 1966-02-18, Vlaardingen, NL
Involved with the following companies:

Woltman Piling & Drilling Rigs B.V.
Everdenberg 17
4902TT OOSTERHOUT
Netherlands
Registration number: 53702956
Function: Proxy
Starting date: 2016-02-18

 

 

Employees

 

Year

2018

2017

2016

2015

2014

Chamber of Commerce

68

60

60

60

60

https://kredietinformatie.creditdevice.nl/cache/ci-report-1362574-EN/EMPLOYEES-01-bar-large.png

 

 

Payments

 

Score

6,22

Description

The payments are regular

https://kredietinformatie.creditdevice.nl/cache/ci-report-1362574-EN/PAYMENTS-01-line-large.png

Total

EUR 142.247

 

Last quarter

Last year

Average payment period (days)

28

28

Average delay (days)

5

8

 

Quarter

Volume

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q2

B

67,00%

33,00%

0,00%

0,00%

0,00%

0,00%

2018 Q1

C

47,00%

53,00%

0,00%

0,00%

0,00%

0,00%

2017 Q4

C

45,00%

51,00%

4,00%

0,00%

0,00%

0,00%

2017 Q3

C

42,00%

58,00%

0,00%

0,00%

0,00%

0,00%

2017 Q2

C

25,00%

70,00%

5,00%

0,00%

0,00%

0,00%

A = < 10.000, B = < 25.000, C = < 50.000, D = < 125.000, E = > 125.000

Payments within industry

Last quarter

Last year

Average payment period (days)

44

42

Average delay (days)

23

21

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

 

2018 Q2

85,00%

13,00%

1,00%

1,00%

0,00%

0,00%

 

2018 Q1

71,00%

25,00%

3,00%

0,00%

0,00%

1,00%

 

2017 Q4

52,00%

32,00%

5,00%

2,00%

4,00%

5,00%

 

2017 Q3

41,00%

50,00%

6,00%

1,00%

1,00%

2,00%

 

2017 Q2

10,00%

8,00%

82,00%

0,00%

0,00%

0,00%

 

The above data is an indication of the average payment behaviour of the client. the payment experieneces can be affected by disputes, payment arrangements, etc.

 

 

Key figures

 

Year

2016

2015

2014

2013

Quick ratio

0,73

0,79

1,12

0,93

Current ratio

1,42

1,62

2,19

1,81

Working capital/ balance total

0,11

0,14

0,16

0,12

Equity / balance total

0,49

0,50

0,52

0,55

Equity / Fixed assets

0,77

0,79

0,74

0,76

Equity / liabilities

0,95

1,02

1,09

1,24

Balance total / liabilities

1,96

2,03

2,10

2,26

Working capital

15.175.000

17.330.000

19.191.000

13.022.000

Equity

67.064.000

62.048.000

61.574.000

57.593.000

Mutation equity

8,08

0,77

6,91

Mutation short term liabilities

27,37

73,91

0,30

Return on total assets (ROA)

2,64

1,27

1,30

3,58

Return on equity (ROE)

5,44

2,54

2,51

6,52

Gross profit margin

6,41

5,76

6,56

13,09

Net profit margin

2,07

1,06

3,42

4,89

Average collection ratio

2,34

2,11

3,06

3,11

Average payment ratio

4,93

3,90

2,84

3,35

Equity turnover ratio

1,25

0,95

0,80

0,87

Total assets turnover ratio

0,61

0,48

0,42

0,48

Fixed assets turnover ratio

0,96

0,76

0,59

0,66

Inventory conversion ratio

3,37

2,54

2,87

3,54

Turnover

83.549.000

59.125.000

49.381.000

50.043.000

Gross margin

35.473.000

24.047.000

Operating result

5.352.000

3.406.000

3.238.000

6.549.000

Net result after taxes

1.728.000

625.000

1.688.000

2.449.000

Cashflow

11.152.000

9.162.000

EBIT

5.352.000

3.406.000

3.238.000

6.549.000

EBITDA

14.776.000

13.262.000

Summary

The 2016 financial result structure is a postive working captial of 15.175.000 euro, which is in agreement with 11 % of the total assets of the company.
The working capital has diminished with -12.44 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.
The deterioration between 2015 and 2016 has mainly been caused by a change of the current liabilities.
The current ratio of the company in 2016 was 1.42. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2016 of the company was 0.73. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

The 2015 financial result structure is a postive working captial of 17.330.000 euro, which is in agreement with 14 % of the total assets of the company.
The working capital has diminished with -9.7 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.
The deterioration between 2014 and 2015 has mainly been caused by a change of the current liabilities.
The current ratio of the company in 2015 was 1.62. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2015 of the company was 0.79. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

https://kredietinformatie.creditdevice.nl/cache/ci-report-1362574-EN/KEYFIGURES-01-bar-large.png

https://kredietinformatie.creditdevice.nl/cache/ci-report-1362574-EN/KEYFIGURES-02-bar-large.png

 

 

Financial statement

 

Last annual account

2016

Remark annual account

The financial statements shown in the report relate to the consolidated financial statements of the group.

Type of annual account

Consolidated

Annual account

Dieseko Beheer B.V.
Lelystraat 49
3364AH SLIEDRECHT
Netherlands
Registration number: 59295228

 

 

Financials

 

Balance

Year

2016

2015

2014

2013

End date

2016-12-31

2015-12-31

2014-12-31

2013-12-31

Type of annual account

Consol.

Consol.

Consol.

Consol.

Intangible fixed assets

63.402.000

60.084.000

65.755.000

59.839.000

Tangible fixed assets

23.797.000

18.137.000

17.747.000

15.841.000

Fixed assets

87.199.000

78.221.000

83.502.000

75.680.000

Total stock

24.794.000

23.301.000

17.231.000

14.135.000

Accounts receivable

14.378.000

14.642.000

13.736.000

Other receivables

2.577.000

2.764.000

1.213.000

Total receivables

16.955.000

15.178.000

17.406.000

14.949.000

Liquid funds

9.144.000

6.894.000

679.000

15.000

Current assets

50.893.000

45.373.000

35.316.000

29.099.000

Total assets

138.092.000

123.594.000

118.818.000

104.779.000

Minority interests

529.000

527.000

727.000

793.000

Total equity

67.064.000

62.048.000

61.574.000

57.593.000

Provisions

2.623.000

2.915.000

3.482.000

1.013.000

Long term interest yielding debt

27.658.000

30.061.000

36.910.000

29.303.000

Financial debts

4.500.000

Long term liabilities

32.158.000

30.061.000

36.910.000

29.303.000

Accounts payable

11.832.000

6.446.000

6.625.000

Other short term liabilities

23.886.000

9.679.000

9.452.000

Short term liabilities

35.718.000

28.043.000

16.125.000

16.077.000

Total short and long term liabilities

70.499.000

61.019.000

56.517.000

46.393.000

Total liabilities

138.092.000

123.594.000

118.818.000

104.779.000

Summary

The total assets of the company increased with 11.73 % between 2015 and 2016.
The fixed asset growth of 11.48 % is lower than the total asset growth.
The asset growth has mainly been financed by a debt increase of 15.54 %. The Net Worth, however, grew with 8.08 %.
In 2016 the assets of the company were 63.15 % composed of fixed assets and 36.85 % by current assets. The assets are being financed by an equity of 48.56 %, and total debt of 51.44 %.

The total assets of the company increased with 4.02 % between 2014 and 2015.
Despite the assets growth, the non current assets decreased with -6.32 %.
The asset growth is explained by a reduction of 7.97 % of the company's indebtness, this while, the Net Worth remains unchanged.
In 2015 the assets of the company were 63.29 % composed of fixed assets and 36.71 % by current assets. The assets are being financed by an equity of 50.2 %, and total debt of 49.8 %.

https://kredietinformatie.creditdevice.nl/cache/ci-report-1362574-EN/BALANCESHEETS-01-bar-large.png

https://kredietinformatie.creditdevice.nl/cache/ci-report-1362574-EN/BALANCESHEETS-02-bar-large.png

 

 

Profit and loss

Year

2016

2015

2014

2013

Revenues

83.549.000

59.125.000

49.381.000

50.043.000

Net turnover

83.549.000

59.125.000

49.381.000

50.043.000

Gross margin

35.473.000

24.047.000

Wages and salaries

11.052.000

6.844.000

Amorization and depreciation

9.424.000

6.713.000

Sales

48.076.000

25.996.000

other operating costs

9.645.000

3.941.000

Operating expenses

78.197.000

55.719.000

46.143.000

43.494.000

Result in subsidiaries

157.000

Operating result

5.352.000

3.406.000

3.238.000

6.549.000

Financial expenses

1.832.000

Financial result

-1.861.000

-1.832.000

-1.693.000

-2.796.000

Result on ordinary operations before taxes

3.648.000

1.574.000

1.545.000

3.753.000

Taxation on the result of ordinary activities

1.575.000

1.186.000

-14.000

1.369.000

Result of ordinary activities after taxes

2.073.000

388.000

1.559.000

2.384.000

Net result

1.728.000

625.000

1.688.000

2.449.000

Attributable to third parties

345.000

-237.000

-129.000

-65.000

Summary

The turnover of the company grew with 41.31 % between 2015 and 2016.
The operating result of the company grew with 57.13 % between 2015 and 2016. This evolution implies an increase of the company's economic profitability.
The result of these changes is an increase of the company's Economic Profitability of 107.87 % of the analysed period, being equal to 2.64 in the year 2016.
This growth has contributed to the increase in assets turnover, increasing by 27.08 % reaching 0.61.
The Net Result of the company increased by 176.48 % between 2015 and 2016.
The company's Financial Profitability has been positively affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is a profitability increase of 114.17 % of the analysed period, being 5.44 in the year 2016.
The company's financial structure has slowed down its financial profitability.

The turnover of the company grew with 19.73 % between 2014 and 2015.
The operating result of the company grew with 5.19 % between 2014 and 2015. This evolution implies an increase of the company's economic profitability.
The result of these changes is a reduction of the company's Economic Profitability of -2.31 % of the analysed period, being equal to 1.27 in the year 2015.
Despite the decline the assets turnover increased by 14.29 % reaching 0.48.
The Net Result of the company decreased by -62.97 % between 2014 and 2015.
The company's Financial Profitability has been negatively affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is a profitability reduction of 1.2 % of the analysed period, being 2.54 in the year 2015.
The company's financial structure has slowed down its financial profitability.

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Analysis

 

Branch (SBI)

Wholesale of construction machinery (building equipment) (SBI code 4663)

Region

Zuidoost-Zuid-Holland

Summary

In the Netherlands 1216 of the companies are registered with the SBI code 4663
In the region Zuidoost-Zuid-Holland 47 of the companies are registered with the SBI code 4663
In the Netherlands 4 of the bankrupcties are published within this sector
The risk of this specific sector in the Netherlands is normal
The risk of this specific sector in the region Zuidoost-Zuid-Holland is normal

Year

2016

Company

2015

Company

Equity

11.077.869

67.064.000 

16.632.605

62.048.000 

Working capital

6.862.226

15.175.000 

7.443.129

17.330.000 

Balance total

34.935.752

138.092.000 

30.751.927

123.594.000 

Quick ratio

0,88

0,73 

1,29

0,79 

Current ratio

1,35

1,42 

1,45

1,62 

Equity / balance total

0,29

0,49 

0,43

0,50 

Net result

1.635.895

625.000 

 

 

Publications

 

Consent statements

12-06-2017: Voor boekjaar 2016 is een instemmingsverklaring gedeponeerd.
07-09-2016: Voor boekjaar 2015 is een instemmingsverklaring gedeponeerd.
15-03-2016: Voor boekjaar 2014 is een instemmingsverklaring gedeponeerd.

Liability statements

25-04-2014: Per 24-04-2014 is een aansprakelijkheidsverklaring door Dieseko Beheer B.V. gedeponeerd.

Deposits

16-05-2013: De jaarrekening over 2012 is gepubliceerd.

Functions

02-03-2018: Per 01-03-2018 is bestuurder Jacobus Adrianus Kuzee in functie getreden.
02-03-2018: Per 01-03-2018 is bestuurder Barry Lemmers uit functie getreden.
23-02-2016: Per 18-02-2016 is gevolmachtigde Frank Seegers in functie getreden.
19-02-2016: Per 18-02-2016 is gevolmachtigde Anthonie Leonard Kraak uit functie getreden.
31-12-2015: Per 03-08-2015 is gevolmachtigde Jan Robert van Es uit functie getreden.
21-09-2015: Per 18-09-2015 is gevolmachtigde Herald Hendrikus Albertus Wattenberg in functie getreden.
04-08-2015: Per 03-08-2015 is bestuurder Barry Lemmers in functie getreden.
04-08-2015: Per 03-08-2015 is bestuurder Jan Robert van Es uit functie getreden.

Mergers

04-01-2018: Op 28-12-2017 fusieakte verleden. Verkrijgende rechtspersoon: Dieseko Group B.V., 24443483 Verdwijnende rechtspersonen: Versluis Industrial Products B.V., 23077774 International Equipment Beheer B.V., 28102225.
22-11-2017: Op 21-11-2017 fusievoorstel gedeponeerd. Verkrijgende rechtspersoon: Dieseko Group B.V., 24443483 Verdwijnende rechtspersonen: Versluis Industrial Products B.V., 23077774 International Equipment Beheer B.V., 28102225.

Other

21-08-2017: Per 17-8-2017 statuten gewijzigd.

 

 

Company structure

 

Relations

5

Company

Registration number

Dieseko Beheer B.V. (SLIEDRECHT)

59295228  

| - - Dieseko Group B.V. (Sliedrecht)

24443483  

| - - | - - PVE-Holland B.V. (SLIEDRECHT)

24385828  

| - - | - - Power Units B.V. (SLIEDRECHT)

23047746  

| - - | - - Woltman Piling & Drilling Rigs B.V. (OOSTERHOUT)

53702956  

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.01

UK Pound

1

INR 92.72

Euro

1

INR 81.45

Euro

1

INR 81.52

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

DNS

 

 

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.