|
|
|
MIRA INFORM REPORT
|
Report No. : |
493455 |
|
Report Date : |
21.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
MISHAL NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 2-Bus 131 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
14.02.1989 |
|
|
|
|
Com. Reg. No.: |
436734085 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Wholesale of Diamonds and
Other Precious Stones |
|
|
|
|
No. of Employees : |
5 |
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 : |
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
|
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. 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 1.6% in 2017, unemployment stood at 7.5%, and the budget deficit was 2.1% 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 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 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 |
436734085 |
|
Branche Unit Number |
2042244631 |
|
Company name |
MISHAL NV |
|
Address |
HOVENIERSSTRAAT 2-BUS 131 |
|
|
2018 ANTWERPEN |
|
Date of establishment |
14/02/1989 |
|
Telephone number |
3232261217 |
|
Mobile number |
- |
|
Fax number |
032260127 |
|
Liable for VAT |
yes |
|
VAT Number |
BE.0436.734.085 Check VAT number |
Ultimate
holding company
|
Company name |
Company Number |
|
MISHAL FINANCE S.A. |
B103227 |
Commentary
The business was established over
28 years ago.
The business has 5 employees.
The business is part of a
group.
The business has been at the
address for over 8 years.
Pre-tax profits decreased by 108%
compared to the previous trading period.
Annual
accounts
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2016 |
172,175,994 |
-19,089 |
15,501,095 |
30,228,585 |
|
31/12/2015 |
180,631,366 |
213,063 |
15,300,386 |
30,018,129 |
|
31/12/2014 |
171,888,521 |
297,751 |
11,058,875 |
29,821,410 |
|
Accounts |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2016 |
96,310,213 |
5 |
12,652,536 |
212,058 |
|
31/12/2015 |
83,412,430 |
7 |
12,652,536 |
225,002 |
|
31/12/2014 |
91,393,514 |
7 |
8,623,500 |
317,690 |
Payment
expectations
|
Past payments |
|
Payment expectation days |
45.86 |
|
Industry average payment |
200.55 |
Industry average day sales |
211.46 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
140.74 |
|
|
Court
data summary
BANKRUPTCY
DETAILS
|
Court action type |
no |
PROTESTED
BILLS
|
Bill amount |
- |
NSSO DETAILS
|
Date of summons |
- |
Company
information
|
Business number |
436734085 |
Company name |
MISHAL NV |
|
Fax number |
032260127 |
Date founded |
14/02/1989 |
|
Company status |
active |
Company type |
Public Limited Company |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2016 |
|
Activity code |
46761 |
Number of staff |
5 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
|
|
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 |
Additional national joint committee
for the employees |
|
category |
|
|
JIC Code |
324 |
|
Description |
Joint committee for the industry
and the trade in diamant |
|
category |
|
|
Significant Events |
|
|
Event Date |
02/05/2015 |
|
Event Description |
re-appointment of director(s) |
|
Event Details |
Commentaar 02-05-2015: Herbenoemd als
bestuurders tot na de jaarvergadering van
2021 : |
|
|
Ramesh Patel (tevens gedelegeerd
bestuurder) en Saroj Patel. |
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 |
1,554,881 |
-4.20 |
1,623,089 |
-0.73 |
1,634,962 |
-8.07 |
1,778,450 |
99 |
891,318 |
|
Intangible fixed assets |
0 |
- |
0 |
-100 |
1,665 |
-50.00 |
3,329 |
-33.33 |
4,994 |
|
Tangible fixed assets |
1,554,881 |
-4.20 |
1,623,089 |
-0.63 |
1,633,298 |
-7.99 |
1,775,121 |
100 |
886,324 |
|
Land & building |
1,541,715 |
-3.56 |
1,598,574 |
0 |
1,598,574 |
-7.56 |
1,729,281 |
103 |
847,951 |
|
Plant & machinery |
5,515 |
-45.04 |
10,034 |
-36.31 |
15,755 |
-28.14 |
21,925 |
74.76 |
12,545 |
|
Furniture & Vehicles |
7,652 |
-47.16 |
14,481 |
-23.66 |
18,968 |
-20.68 |
23,914 |
-7.41 |
25,828 |
|
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 |
94,755,332 |
15.85 |
81,789,341 |
-8.88 |
89,758,552 |
5.42 |
85,141,518 |
-15.37 |
100,608,014 |
|
Inventories |
26,478,056 |
36.59 |
19,385,514 |
3.64 |
18,705,199 |
15.62 |
16,178,153 |
-40.77 |
27,313,618 |
|
Raw materials & consumables |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
26,478,056 |
36.59 |
19,385,514 |
3.64 |
18,705,199 |
15.62 |
16,178,153 |
-40.77 |
27,313,618 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
66,389,423 |
10.51 |
60,074,497 |
-14.40 |
70,178,426 |
2.90 |
68,200,027 |
-6.09 |
72,623,152 |
|
Other amounts receivable |
4,995 |
-98.12 |
266,212 |
3867 |
6,709 |
-32.40 |
9,924 |
-4.50 |
10,392 |
|
Cash |
1,860,685 |
-8.62 |
2,036,189 |
140 |
848,358 |
15.24 |
736,156 |
13.67 |
647,607 |
|
Miscellaneous current assets |
22,174 |
-17.66 |
26,930 |
35.60 |
19,860 |
15.08 |
17,258 |
30.30 |
13,245 |
|
Total Assets |
96,310,213 |
15.46 |
83,412,430 |
-8.73 |
91,393,514 |
5.15 |
86,919,968 |
-14.36 |
101,499,333 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
15,501,095 |
1.31 |
15,300,386 |
38.33 |
11,060,539 |
2.82 |
10,757,508 |
2.78 |
10,466,154 |
|
Issued share capital |
12,652,536 |
0 |
12,652,536 |
46.72 |
8,623,500 |
0 |
8,623,500 |
0 |
8,623,500 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
2,848,559 |
7.58 |
2,647,850 |
8.65 |
2,437,039 |
14.20 |
2,134,008 |
15.81 |
1,842,654 |
|
Provisions for Liabilities & |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Charges |
|
|
|
|
|
|
|
|
|
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
80,809,118 |
18.64 |
68,112,045 |
-15.21 |
80,332,975 |
5.48 |
76,162,460 |
-16.34 |
91,033,178 |
|
Other long term loans |
16,279,372 |
-0.36 |
16,337,833 |
-19.88 |
20,392,833 |
10.60 |
18,437,833 |
12.65 |
16,367,000 |
|
Other long term liabilities |
3,000 |
0 |
3,000 |
0 |
3,000 |
0 |
3,000 |
- |
0 |
|
Total long term debts |
16,282,372 |
-0.36 |
16,340,833 |
-19.88 |
20,395,833 |
10.60 |
18,440,833 |
12.67 |
16,367,000 |
|
Current portion of long term debt |
50,000 |
0 |
50,000 |
11.11 |
45,000 |
-10.00 |
50,000 |
- |
0 |
|
Financial debts |
42,719,858 |
30.34 |
32,775,425 |
-18.39 |
40,161,671 |
2.57 |
39,153,817 |
-13.32 |
45,170,633 |
|
Trade creditors |
21,243,091 |
17.61 |
18,063,052 |
-6.38 |
19,293,552 |
11.10 |
17,366,600 |
-39.45 |
28,679,790 |
|
Amounts Payable for Taxes, |
44,437 |
53.68 |
28,916 |
-27.10 |
39,666 |
12.99 |
35,106 |
33.28 |
26,341 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
469,360 |
-45.03 |
853,818 |
114 |
397,252 |
-64.41 |
1,116,104 |
41.38 |
789,414 |
|
Total current liabilities |
64,526,746 |
24.64 |
51,771,211 |
-13.62 |
59,937,142 |
3.84 |
57,721,627 |
-22.69 |
74,666,178 |
|
Total Liabilities |
96,310,213 |
15.46 |
83,412,430 |
-8.73 |
91,393,514 |
5.15 |
86,919,968 |
-14.36 |
101,499,333 |
RATIO ANALYSIS
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
-0.01 |
-108 |
0.12 |
-29.41 |
0.17 |
88.89 |
0.09 |
-25.00 |
0.12 |
|
Return on capital employed |
-0.06 |
-108 |
0.67 |
-29.47 |
0.95 |
17.28 |
0.81 |
-34.68 |
1.24 |
|
Return on total assets employed |
-0.02 |
-107 |
0.26 |
-21.21 |
0.33 |
22.22 |
0.27 |
-18.18 |
0.33 |
|
Return on net assets employed |
-0.12 |
-108 |
1.39 |
-48.33 |
2.69 |
21.72 |
2.21 |
-30.50 |
3.18 |
|
Sales / net working capital |
5.70 |
-5.32 |
6.02 |
4.51 |
5.76 |
-40.80 |
9.73 |
-5.90 |
10.34 |
|
Stock turnover ratio |
15.38 |
43.34 |
10.73 |
-1.38 |
10.88 |
79.54 |
6.06 |
-40.53 |
10.19 |
|
Creditor days |
45.86 |
23.41 |
37.16 |
-11.10 |
41.80 |
73.66 |
24.07 |
-39.03 |
39.48 |
|
Debtor days |
140.74 |
15.94 |
121.39 |
-18.54 |
149.02 |
59.74 |
93.29 |
-5.64 |
98.87 |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.47 |
-6.96 |
1.58 |
5.33 |
1.50 |
1.35 |
1.48 |
9.63 |
1.35 |
|
Liquidity ratio / acid ratio |
1.06 |
-12.40 |
1.21 |
1.68 |
1.19 |
0 |
1.19 |
21.43 |
0.98 |
|
Current debt ratio |
4.16 |
23.08 |
3.38 |
-37.64 |
5.42 |
0.93 |
5.37 |
-24.68 |
7.13 |
|
Cashflow |
212,058 |
-5.75 |
225,002 |
-29.18 |
317,690 |
4.73 |
303,341 |
-18.24 |
370,994 |
|
Net worth |
15,501,095 |
1.31 |
15,300,386 |
38.35 |
11,058,875 |
2.83 |
10,754,179 |
2.80 |
10,461,160 |
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
380.94 |
18.55 |
321.32 |
-41.35 |
547.89 |
2.25 |
535.83 |
-8.87 |
587.97 |
|
Equity in percentage |
16.09 |
-12.27 |
18.34 |
51.57 |
12.10 |
-2.26 |
12.38 |
20.08 |
10.31 |
|
Total debt ratio |
5.21 |
17.08 |
4.45 |
-38.71 |
7.26 |
2.54 |
7.08 |
-18.62 |
8.70 |
|
Working capital |
30,228,585 |
0.70 |
30,018,129 |
0.66 |
29,821,410 |
8.76 |
27,419,891 |
5.70 |
25,941,836 |
PROFIT & LOSS
|
Operating Income |
172,204,768 |
-4.68 |
180,663,676 |
5.09 |
171,920,481 |
-35.58 |
266,854,354 |
-0.48 |
268,134,172 |
|
Turnover |
172,175,994 |
-4.68 |
180,631,366 |
5.09 |
171,888,521 |
-35.58 |
266,838,917 |
-0.48 |
268,115,580 |
|
Total operating expenses |
169,075,316 |
-4.72 |
177,442,179 |
5.33 |
168,459,095 |
-36.04 |
263,394,265 |
-0.66 |
265,138,285 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
172,204,768 |
-2.97 |
177,474,489 |
5.33 |
168,491,054 |
-36.03 |
263,409,702 |
-0.66 |
265,156,877 |
|
Employee costs |
222,104 |
-6.13 |
236,599 |
-2.45 |
242,554 |
4.32 |
232,506 |
75.00 |
132,864 |
|
Wages and salary |
177,304 |
-6.03 |
188,687 |
-2.43 |
193,380 |
2.03 |
189,531 |
73.47 |
109,260 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security |
42,800 |
-3.62 |
44,407 |
-2.11 |
45,366 |
9.70 |
41,355 |
87.04 |
22,111 |
|
contributions |
|
|
|
|
|
|
|
|
|
|
Other employee costs |
2,000 |
-42.95 |
3,505 |
-7.94 |
3,808 |
134 |
1,620 |
8.53 |
1,493 |
|
Director remuneration |
100,200 |
0 |
100,200 |
0 |
100,200 |
15.17 |
87,000 |
10.69 |
78,600 |
|
Amortization and |
11,349 |
-20.03 |
14,192 |
-3.18 |
14,658 |
22.28 |
11,987 |
-42.73 |
20,933 |
|
depreciation |
|
|
|
|
|
|
|
|
|
|
Operating result |
3,100,678 |
-2.78 |
3,189,187 |
-7.01 |
3,429,426 |
-0.44 |
3,444,652 |
15.70 |
2,977,296 |
|
Total financial income |
4 |
-59.83 |
11 |
-99 |
83,466 |
69798 |
119 |
-58.98 |
291 |
|
Total financial expenses |
3,119,772 |
4.83 |
2,976,134 |
-7.43 |
3,215,141 |
0.25 |
3,207,195 |
21.27 |
2,644,609 |
|
Results on ordinary |
-19,089 |
-108 |
213,063 |
-28.44 |
297,751 |
25.33 |
237,577 |
-28.65 |
332,978 |
|
operations before taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
237,762 |
- |
- |
- |
14,462 |
-76.61 |
61,830 |
287 |
15,937 |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
354 |
|
Extraordinary items |
237,762 |
- |
- |
- |
14,462 |
-76.61 |
61,830 |
296 |
15,583 |
|
Results for the Year Before |
218,673 |
2.63 |
213,063 |
-31.76 |
312,213 |
4.28 |
299,407 |
-14.10 |
348,561 |
|
Taxation |
|
|
|
|
|
|
|
|
|
|
Taxation |
17,964 |
697 |
2,253 |
-75.46 |
9,182 |
14.01 |
8,053 |
536 |
-1,500 |
|
Results on ordinary operations after
taxation |
-37,053 |
-117 |
210,810 |
-26.95 |
288,570 |
25.73 |
229,523 |
-31.38 |
334,478 |
|
Net result |
200,709 |
-4.79 |
210,810 |
-30.43 |
303,031 |
4.01 |
291,354 |
-16.77 |
350,061 |
|
Profit (Loss) for the Year to
be appropiated |
200,709 |
-4.79 |
210,810 |
-30.43 |
303,031 |
4.01 |
291,354 |
-16.77 |
350,061 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Social
Balance Sheet Details
|
Social
Balance Sheet |
Total |
|
During
the reporting year |
|
|
ended
31-12-2016 |
|
|
Full-time
Employees |
5 |
|
Part-time
Employees |
- |
|
Total
Fte Employees |
5 |
|
Number
of hours worked |
|
|
Full-time
Employees |
9,029 |
|
Part-time
Employees |
- |
|
Total |
9,029 |
|
Personnel
Charges |
|
|
Full-time
Employees |
222,104 |
|
Part-time
Employees |
- |
|
Total |
222,104 |
|
Benefits
In Addition To Wages |
- |
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
7 |
|
Actual
working hours |
11,233 |
|
Personnel
Charges |
236,599 |
|
Benefits
In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited Duration Contracts |
4 |
- |
4 |
Gender
and Education Level
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Secondairy education |
1 |
- |
1 |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
1 |
- |
1 |
|
Higher education (university) |
2 |
- |
2 |
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
White collar worker |
4 |
- |
4 |
|
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 |
|
Leavers |
2 |
- |
2 |
|
Industry
comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
Payment
Information
Payment Expectations
|
Payment expectation days |
45.86 |
|
Day sales outstanding |
140.74 |
Industry comparison
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
Industry average payment |
200.55 |
|
expectation days |
|
|
Industry average day sales |
211.46 |
|
outstanding |
|
|
Industry
quartile analysis |
|
|
Payment expectations |
|
|
Company result |
45.86 |
|
Lower |
129.55 |
|
Median |
60.34 |
|
Upper |
26.55 |
|
Day
sales outstanding |
|
|
Company result |
140.74 |
|
Lower |
134.27 |
|
Median |
82.06 |
|
Upper |
45.45 |
Shareholder
Details
Summary
|
Group - Number of Companies |
3 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Group Structure
|
Company
name |
Number |
Latest
Financials |
|
- MISHAL FINANCE S.A. |
B103227 |
31-12-2015 |
|
- - MISHAL MANUFACTURING NV |
476307810 |
31-12-2016 |
|
- - MISHAL NV |
436734085 |
31-12-2016 |
Minority
Shareholders
No minority shareholders found
Minority
Interests
No minority interests found
Linked
Companies
Summary
|
Group - Number of Companies |
3 |
|
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 |
Managing Director |
|
Start Date |
06/06/2009 |
|
Date of birth |
01/06/1959 |
|
Street |
9 BERKENLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
Name |
Ramesh Patel |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.53 |
|
UK Pound |
1 |
INR 90.13 |
|
Euro |
1 |
INR 79.85 |
|
Euro |
1 |
INR 79.78 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.