|
|
|
MIRA
INFORM REPORT
|
Report No. : |
492060 |
|
Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
HELAXA BVBA |
|
|
|
|
Registered Office : |
Hoogboomsteenweg 135, 2950 Kapellen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
31.03.2008 |
|
|
|
|
Com. Reg. No.: |
896897434 |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business : |
Wholesale of Hardware. |
|
|
|
|
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 : |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north. Belgium is 100% 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.
Belgium’s GDP grew by 1.4% in 2016, unemployment at yearend was 8.4%, and the budget deficit was 2.7% of GDP. The economy largely recovered from the March 2016 terrorist attacks, which 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 107% 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 tax policy, 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.
|
Source
: CIA |
Company summary
|
Business number |
896897434 |
|
Branche Unit Number |
2169927018 |
|
Company name |
HELAXA BVBA |
|
Address |
HOOGBOOMSTEENWEG 135 2950 KAPELLEN |
|
Date of establishment |
31/03/2008 |
|
Telephone number |
3232371740 |
|
Mobile number |
- |
|
Fax number |
032163702 |
|
Liable for VAT |
yes |
|
VAT Number |
BE.0896.897.434 Check VAT number |
Ultimate holding company
|
Company name |
Company Number |
|
HELAXA BVBA |
896897434 |
Commentary
The business was established over 9 years ago.
The business has 3 employees.
The business is part of a group.
The business has been at the address for
over 6 years.
Annual accounts
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2016 |
9,601,135 |
343,968 |
2,721,768 |
1,033,046 |
|
31/12/2015 |
8,474,813 |
-191,870 |
3,127,165 |
1,626,729 |
|
31/12/2014 |
15,232,656 |
590,161 |
2,657,362 |
1,344,342 |
|
Accounts |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2016 |
10,017,464 |
3 |
720,000 |
383,670 |
|
31/12/2015 |
10,288,073 |
2 |
1,470,000 |
-154,773 |
|
31/12/2014 |
10,132,505 |
2 |
819,163 |
412,322 |
Payment expectations
|
Past payments |
|
Payment expectation days |
76.70 |
|
Industry average payment |
85.74 |
Industry average day sales |
758.10 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
47.75 |
|
|
Court data summary
BANKRUPTCY DETAILS
|
Court action type |
no |
PROTESTED BILLS
|
Bill amount |
- |
NSSO DETAILS
|
Date of summons |
- |
Company information
|
Business number |
896897434 |
Company name |
HELAXA BVBA |
|
Fax number |
032163702 |
Date founded |
31/03/2008 |
|
Company status |
active |
Company type |
Private limited liability company |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2016 |
|
Activity code |
46741 |
Number of staff |
3 |
|
Activity description |
Wholesale of hardware |
|
|
|
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 |
Financials
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 |
1,689,254 |
0.24 |
1,685,169 |
-0.79 |
1,698,620 |
-0.94 |
|
1,714,778 |
0.88 |
1,699,876 |
|
Intangible fixed assets |
532 |
-62.00 |
1,400 |
-38.24 |
2,267 |
-56.12 |
5,166 |
|
727 |
624 |
|
Tangible fixed assets |
281,142 |
1.79 |
276,189 |
0.36 |
275,186 |
-4.60 |
288,445 |
|
3.73 |
278,085 |
|
Land & building |
0 |
- |
0 |
- |
0 |
- |
0 |
|
- |
0 |
|
Plant & machinery |
46,143 |
56.28 |
29,525 |
73.40 |
17,027 |
-37.84 |
27,391 |
|
507 |
4,510 |
|
Furniture & Vehicles |
209 |
-39.94 |
348 |
10.13 |
316 |
-79.83 |
1,567 |
|
-47.63 |
2,992 |
|
Leasing & Other Similar Rights |
0 |
- |
0 |
- |
0 |
- |
0 |
|
- |
0 |
|
Other tangible assets |
234,790 |
-4.68 |
246,316 |
-4.47 |
257,843 |
-0.63 |
259,487 |
|
-4.10 |
270,583 |
|
Financial fixed assets |
1,407,580 |
0 |
1,407,580 |
-0.96 |
1,421,167 |
0 |
|
1,421,167 |
0 |
1,421,167 |
|
Total current assets |
8,328,210 |
-3.19 |
8,602,904 |
2.00 |
8,433,885 |
25.54 |
|
6,718,295 |
-10.21 |
7,482,574 |
|
Inventories |
4,920,535 |
-4.35 |
5,144,464 |
-4.92 |
5,410,932 |
24.63 |
|
4,341,608 |
-22.91 |
5,631,927 |
|
Raw materials & consumables |
0 |
- |
0 |
- |
0 |
- |
0 |
|
- |
0 |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
|
- |
0 |
|
Finished goods |
4,920,535 |
-4.35 |
5,144,464 |
-4.92 |
5,410,932 |
24.63 |
|
4,341,608 |
-22.91 |
5,631,927 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
|
- |
0 |
|
Trade debtors |
1,255,982 |
28.16 |
979,987 |
-39.71 |
1,625,588 |
28.65 |
|
1,263,538 |
8.20 |
1,167,786 |
|
Other amounts receivable |
1,324,826 |
-23.78 |
1,738,073 |
41.81 |
1,225,627 |
44.03 |
850,979 |
|
66.98 |
509,642 |
|
Cash |
825,102 |
12.63 |
732,586 |
396 |
147,453 |
-36.60 |
232,594 |
|
48.09 |
157,060 |
|
Miscellaneous current assets |
1,765 |
-77.35 |
7,794 |
-67.91 |
24,285 |
-17.89 |
29,576 |
|
83.03 |
16,159 |
|
Total Assets |
10,017,464 |
-2.63 |
10,288,073 |
1.54 |
10,132,505 |
20.15 |
|
8,433,073 |
-8.16 |
9,182,450 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
|
2,722,300 |
-12.99 |
3,128,565 |
17.63 |
2,659,629 |
17.02 |
2,272,882 |
10.12 |
2,064,031 |
|
Issued share capital |
|
720,000 |
-51.02 |
1,470,000 |
79.45 |
819,163 |
0 |
819,163 |
0 |
819,163 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Reserves |
2,002,300 |
20.72 |
1,658,565 |
-9.88 |
1,840,466 |
26.60 |
1,453,719 |
16.78 |
1,244,868 |
|
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Creditors |
7,295,164 |
1.89 |
7,159,508 |
-4.19 |
7,472,876 |
21.31 |
6,160,191 |
-13.46 |
7,118,419 |
|
|
Other long term loans |
0 |
-100 |
183,333 |
-52.17 |
383,333 |
-34.29 |
583,333 |
-25.53 |
783,333 |
|
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total long term debts |
0 |
-100 |
183,333 |
-52.17 |
383,333 |
-34.29 |
583,333 |
-25.53 |
783,333 |
|
|
Current portion of long term debt |
199,327 |
- |
0 |
-100 |
200,000 |
-46.23 |
371,940 |
-9.06 |
408,997 |
|
|
Financial debts |
5,116,287 |
1.02 |
5,064,833 |
19.11 |
4,252,380 |
31.00 |
3,246,063 |
15.88 |
2,801,112 |
|
|
Trade creditors |
1,951,281 |
2.21 |
1,909,143 |
-20.78 |
2,409,787 |
32.07 |
1,824,579 |
-37.64 |
2,925,729 |
|
|
Amounts Payable for Taxes, Remuneration
& Social Security |
26,311 |
- |
0 |
-100 |
227,376 |
69.33 |
134,276 |
-32.61 |
199,248 |
|
|
Miscellaneous current liabilities |
1,958 |
-10.96 |
2,199 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total current liabilities |
7,295,164 |
4.57 |
6,976,175 |
-1.60 |
7,089,543 |
27.12 |
5,576,858 |
-11.97 |
6,335,086 |
|
|
Total Liabilities |
10,017,464 |
-2.63 |
10,288,073 |
1.54 |
10,132,505 |
20.15 |
8,433,073 |
-8.16 |
9,182,450 |
|
RATIO ANALYSIS
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
3.58 |
158 |
-2.26 |
-158 |
3.87 |
48.28 |
2.61 |
-30.40 |
3.75 |
|
Return on capital employed |
12.64 |
218 |
-5.79 |
-129 |
19.39 |
76.43 |
10.99 |
-37.77 |
17.66 |
|
Return on total assets employed |
3.43 |
184 |
-1.86 |
-131 |
5.82 |
56.45 |
3.72 |
-32.12 |
5.48 |
|
Return on net assets employed |
12.64 |
206 |
-6.13 |
-127 |
22.19 |
60.68 |
13.81 |
-43.31 |
24.36 |
|
Sales / net working capital |
9.29 |
78.31 |
5.21 |
-54.02 |
11.33 |
7.60 |
10.53 |
-9.77 |
11.67 |
|
Stock turnover ratio |
51.25 |
-15.57 |
60.70 |
70.89 |
35.52 |
-1.69 |
36.13 |
-14.08 |
42.05 |
|
Creditor days |
76.70 |
-6.35 |
81.90 |
37.05 |
59.76 |
4.55 |
57.16 |
-31.74 |
83.74 |
|
Debtor days |
47.75 |
13.12 |
42.21 |
8.37 |
38.95 |
1.49 |
38.38 |
20.62 |
31.82 |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.14 |
-7.32 |
1.23 |
3.36 |
1.19 |
-0.83 |
1.20 |
1.69 |
1.18 |
|
Liquidity ratio / acid ratio |
0.47 |
-6.00 |
0.50 |
16.28 |
0.43 |
0 |
0.43 |
48.28 |
0.29 |
|
Current debt ratio |
2.68 |
20.18 |
2.23 |
-16.48 |
2.67 |
8.98 |
2.45 |
-20.20 |
3.07 |
|
Cashflow |
383,670 |
247 |
-154,773 |
-137 |
412,322 |
76.50 |
233,615 |
-32.37 |
345,436 |
|
Net worth |
2,721,768 |
-12.96 |
3,127,165 |
17.68 |
2,657,362 |
17.18 |
2,267,716 |
9.90 |
2,063,407 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
195.26 |
16.40 |
167.75 |
-7.74 |
181.82 |
-1.64 |
184.85 |
-4.46 |
193.48 |
|
Equity in percentage |
27.18 |
-10.62 |
30.41 |
15.85 |
26.25 |
-2.67 |
26.97 |
19.97 |
22.48 |
|
Total debt ratio |
2.68 |
17.03 |
2.29 |
-18.51 |
2.81 |
3.69 |
2.71 |
-21.45 |
3.45 |
|
Working capital |
1,033,046 |
-36.50 |
1,626,729 |
21.01 |
1,344,342 |
17.78 |
1,141,437 |
-0.53 |
1,147,488 |
PROFIT &
LOSS
|
Operating Income |
9,620,373 |
13.03 |
8,511,118 |
-44.44 |
15,318,029 |
27.00 |
12,061,398 |
-10.91 |
13,538,296 |
|
Turnover |
9,601,135 |
13.29 |
8,474,813 |
-44.36 |
15,232,656 |
26.77 |
12,015,933 |
-10.28 |
13,393,304 |
|
Total operating expenses |
9,285,431 |
9.13 |
8,508,632 |
-42.19 |
14,718,638 |
26.32 |
11,651,674 |
-8.63 |
12,751,826 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
9,620,373 |
12.59 |
8,544,937 |
-42.28 |
14,804,011 |
26.56 |
11,697,139 |
-9.30 |
12,896,818 |
|
Employee costs |
263,002 |
21.54 |
216,389 |
-11.36 |
244,117 |
3.34 |
236,232 |
10.85 |
213,105 |
|
Wages and salary |
123,254 |
72.52 |
71,443 |
-19.94 |
89,240 |
-11.98 |
101,390 |
9.68 |
92,438 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
137,681 |
-2.13 |
140,682 |
-0.80 |
141,815 |
5.17 |
134,842 |
11.75 |
120,667 |
|
Other employee costs |
2,067 |
-51.52 |
4,264 |
-67.36 |
13,062 |
- |
0 |
- |
0 |
|
Director remuneration |
- |
- |
540,000 |
0 |
540,000 |
-33.59 |
813,175 |
- |
- |
|
Amortization and depreciation |
39,935 |
47.21 |
27,128 |
6.07 |
25,575 |
3.27 |
24,764 |
61.13 |
15,369 |
|
Operating result |
315,704 |
933 |
-33,819 |
-106 |
514,018 |
41.11 |
364,259 |
-43.22 |
641,478 |
|
Total financial income |
338,583 |
8.91 |
310,876 |
10.35 |
281,727 |
99.00 |
141,574 |
187 |
49,279 |
|
Total financial expenses |
310,319 |
-33.82 |
468,927 |
128 |
205,584 |
7.04 |
192,055 |
2.23 |
187,864 |
|
Results on ordinary operations before taxation |
343,968 |
179 |
-191,870 |
-132 |
590,161 |
88.08 |
313,778 |
-37.61 |
502,893 |
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
- |
- |
- |
- |
- |
- |
0 |
- |
0 |
|
Results for the Year Before Taxation |
343,968 |
179 |
-191,870 |
-132 |
590,161 |
88.08 |
313,778 |
-37.61 |
502,893 |
|
Taxation |
233 |
2.34 |
-9,969 |
-104 |
203,414 |
93.86 |
104,927 |
-39.29 |
172,826 |
|
Results on ordinary operations after taxation |
343,735 |
188 |
-181,901 |
-147 |
386,747 |
85.18 |
208,851 |
-36.72 |
330,067 |
|
Net result |
343,735 |
188 |
-181,901 |
-147 |
386,747 |
85.18 |
208,851 |
-36.72 |
330,067 |
|
Profit (Loss) for the Year to be
appropiated |
343,735 |
188 |
-181,901 |
-147 |
386,747 |
85.18 |
208,851 |
-36.72 |
330,067 |
Social Balance Sheet Details
Social
Balance Sheet Details
|
Social Balance Sheet |
Total |
|
During the reporting year |
|
|
ended 31-12-2016 |
|
|
Full-time Employees |
2 |
|
Part-time Employees |
1 |
|
Total Fte Employees |
3 |
|
Number of hours worked |
|
|
Full-time Employees |
2,979 |
|
Part-time Employees |
1,335 |
|
Total |
4,314 |
|
Personnel Charges |
|
|
Full-time Employees |
189,361 |
|
Part-time Employees |
73,641 |
|
Total |
263,002 |
|
Benefits In Addition To Wages |
- |
|
During the previous reporting year |
|
|
Average number employees in Fte |
2 |
|
Actual working hours |
3,625 |
|
Personnel Charges |
216,389 |
|
Benefits In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration |
2 |
1 |
3 |
|
Contracts |
|
|
|
|
Limited Duration Contracts |
- |
- |
- |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding |
- |
- |
- |
|
Substitution |
|
|
|
GENDER AND EDUCATION
|
Level |
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
1 |
- |
1 |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
1 |
1 |
2 |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
Working
Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
1 |
- |
1 |
|
Blue collar worker |
1 |
1 |
2 |
|
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 |
1 |
- |
1 |
|
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 |
46741 |
|
Activity description |
Wholesale of hardware |
PAYMENT INFORMATION
|
Suspension of payments / moratorium
history |
|
|
Amount |
- |
|
Details |
- |
|
Payment expectations |
|
|
Payment expectation days |
76.70 |
|
Day sales outstanding |
47.75 |
|
Industry comparison |
|
|
Activity code |
46741 |
|
Activity description |
Wholesale of hardware |
|
Industry average payment expectation days |
85.74 |
|
Industry average day sales outstanding |
758.10 |
INDUSTRY QUARTILE
ANALYSIS
PAYMENT EXPECTATIONS
|
Company result |
76.70 |
|
Lower |
64.36 |
|
Median |
34.67 |
|
Upper |
17.41 |
DAY SALES OUTSTANDING
|
|
|
|
Company result |
47.75 |
|
Lower |
78.33 |
|
Median |
57.81 |
|
Upper |
35.24 |
Shareholder Details
|
Summary |
|
|
Group - Number of Companies |
2 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Group Structure
|
Company
name |
Number |
Latest
financials |
|
|
|
|
|
- HELAXA BVBA |
896897434 |
31-12-2016 |
|
- - KUNO EBVBA |
462740874 |
30-12-2016 |
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Companies that match this address
|
Business
number |
Company
name |
Date
of accounts |
|
888085082 |
EPROX BV BVBA |
31/12/2016 |
Linked Companies
|
Summary |
|
|
Group - Number of Companies |
2 |
|
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 |
Permanent representative legal entity |
|
Start Date |
31/03/2008 |
|
Street |
135 Hoogboomsteenweg Kapellen |
|
Post code |
2950 |
|
Country |
Belgium |
|
|
|
|
Name |
Marc Verbeeck |
|
Name |
KUNO EBVBA |
|
Position |
Manager |
|
Start Date |
31/03/2008 |
|
Street |
- |
|
Post code |
- |
|
Country |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
|
Euro |
1 |
INR 79.29 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.