|
|
|
MIRA INFORM REPORT
|
Report No. : |
486997 |
|
Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
FIMA DIAMONDS BVBA |
|
|
|
|
Registered Office : |
Pelikaanstraat 62, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2015 |
|
|
|
|
Date of Incorporation : |
04.05.2001 |
|
|
|
|
Com. Reg. No.: |
474807377 |
|
|
|
|
Legal Form : |
Private limited liability company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
|
|
|
|
No. of Employees : |
4 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 1.6% 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
NAME
FIMA DIAMONDS BVBA
Company summary
|
Business number |
474807377 |
|
Branche Unit Number |
2095253943 |
|
Company name |
FIMA DIAMONDS BVBA |
|
Address |
PELIKAANSTRAAT 62 |
|
|
2018 ANTWERPEN |
|
Date of establishment |
04/05/2001 |
|
Telephone number |
3234855300 |
|
Mobile number |
- |
|
Fax number |
- |
|
Liable for VAT |
yes |
|
VAT Number |
BE.0474.807.377 Check VAT number |
Commentary
The business was established
over 16 years ago. The business has 4
employees.
The business has been at
the address for over 16 years.
Operating Result in the
latest trading period increased 42% on
the previous trading period.
A 30% decline in Total
Assets occurred during the latest trading
period.
Pre-tax profits increased by
39% compared to the previous trading
period.
The business saw a decrease
in their Cash Balance of 51% during
the latest trading period.
Annual
accounts
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2015 |
|
80,024 |
645,403 |
735,219 |
|
31/12/2014 |
|
57,217 |
601,090 |
707,693 |
|
31/12/2013 |
|
122,659 |
517,873 |
626,812 |
|
Accounts |
|
|
|
|
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2015 |
2,399,315 |
4 |
18,600 |
56,700 |
|
31/12/2014 |
3,470,512 |
4 |
18,600 |
96,240 |
|
31/12/2013 |
2,651,490 |
3 |
18,600 |
80,387 |
Payment
expectations
|
Past payments |
|
Payment expectation days |
- |
|
Industry average payment |
200.55 |
Industry average day sales |
211.46 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
- |
|
|
Court
data summary
BANKRUPTCY DETAILS
|
Court action type |
no |
PROTESTED BILLS
|
Bill amount |
- |
NSSO DETAILS
|
Date of summons |
- |
Company
information
|
Business number |
474807377 |
Company name |
FIMA DIAMONDS BVBA |
|
Fax number |
- |
Date founded |
04/05/2001 |
|
Company status |
active |
Company type |
Private limited liability |
|
|
|
|
company |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2015 |
|
Activity code |
46761 |
Number of staff |
4 |
|
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 |
200 |
|
Description |
Additional joint committee for
the employees |
|
category |
|
|
Significant Events |
|
|
Event Date |
31/12/2013 |
|
Event Description |
|
|
Event Details |
Het mandaat van zaakvoerder
is kostenloos met ingang van 01/01/14. |
|
Event Date |
04/05/2001 |
|
Event Description |
Legal creation |
|
Event Details |
|
Company
accounts
|
Assets |
|
|
|
|
|
|
|
|
|
|
Annual accounts |
31-12-2015 |
% |
31-12-2014 |
% |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total fixed assets |
83,124 |
10.08 |
75,511 |
-8.00 |
82,080 |
-10.72 |
91,939 |
605 |
13,031 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
57,010 |
-17.85 |
69,397 |
-8.65 |
75,966 |
-11.69 |
86,025 |
673 |
11,117 |
|
Land & building |
4,179 |
-20.96 |
5,287 |
58.63 |
3,333 |
-19.40 |
4,135 |
15.76 |
3,572 |
|
Plant & machinery |
5,826 |
-37.16 |
9,271 |
-6.91 |
9,959 |
-12.50 |
11,382 |
50.85 |
7,545 |
|
Furniture & Vehicles |
47,005 |
-14.29 |
54,839 |
-12.50 |
62,674 |
-11.11 |
70,508 |
- |
0 |
|
Leasing & Other Similar
Rights |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
26,114 |
327 |
6,114 |
0 |
6,114 |
3.38 |
5,914 |
208 |
1,914 |
|
Total current assets |
2,316,191 |
-31.78 |
3,395,001 |
32.13 |
2,569,410 |
-3.56 |
2,664,368 |
-32.30 |
3,935,660 |
|
Inventories |
938,874 |
-31.76 |
1,375,844 |
12.55 |
1,222,392 |
68.81 |
724,106 |
-22.76 |
937,421 |
|
Raw materials & consumables |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other stocks |
938,874 |
-31.76 |
1,375,844 |
12.55 |
1,222,392 |
68.81 |
724,106 |
-22.76 |
937,421 |
|
Trade debtors |
1,145,651 |
-33.50 |
1,722,772 |
101 |
856,942 |
-51.48 |
1,766,187 |
-30.10 |
2,526,809 |
|
Other amounts receivable |
127,374 |
16.94 |
108,923 |
71.36 |
63,562 |
16.32 |
54,642 |
321 |
12,974 |
|
Cash |
88,524 |
-51.88 |
183,948 |
-56.70 |
424,834 |
263 |
117,020 |
-74.42 |
457,554 |
|
Miscellaneous current assets |
15,768 |
348 |
3,514 |
109 |
1,680 |
-30.38 |
2,413 |
167 |
902 |
|
Total Assets |
2,399,315 |
-30.87 |
3,470,512 |
30.89 |
2,651,490 |
-3.80 |
2,756,307 |
-30.20 |
3,948,691 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
645,403 |
7.37 |
601,090 |
16.07 |
517,873 |
14.84 |
450,933 |
10.09 |
409,621 |
|
Issued share capital |
18,600 |
0 |
18,600 |
0 |
18,600 |
0 |
18,600 |
0 |
18,600 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
626,803 |
7.61 |
582,490 |
16.67 |
499,273 |
15.48 |
432,333 |
10.57 |
391,021 |
|
Provisions for Liabilities
& Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
1,753,912 |
-38.88 |
2,869,422 |
34.49 |
2,133,617 |
-7.45 |
2,305,374 |
-34.86 |
3,539,070 |
|
Other long term loans |
27,467 |
-25.04 |
36,641 |
-19.55 |
45,546 |
-17.98 |
55,531 |
- |
0 |
|
Other long term liabilities |
145,473 |
0 |
145,473 |
0 |
145,473 |
0 |
145,473 |
-0.35 |
145,990 |
|
Total long term debts |
172,940 |
-5.04 |
182,114 |
-4.66 |
191,019 |
-4.97 |
201,004 |
37.68 |
145,990 |
|
Current portion of long
term debt |
9,174 |
3.03 |
8,904 |
6.15 |
8,388 |
32.89 |
6,312 |
- |
0 |
|
Financial debts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade creditors |
1,571,798 |
-41.32 |
2,678,404 |
38.59 |
1,932,640 |
-6.88 |
2,075,435 |
-38.81 |
3,391,855 |
|
Amounts Payable for Taxes, |
0 |
- |
0 |
-100 |
1,570 |
-93.06 |
22,623 |
1746 |
1,225 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total current liabilities |
1,580,972 |
-41.17 |
2,687,308 |
38.34 |
1,942,598 |
-7.69 |
2,104,370 |
-37.98 |
3,393,080 |
|
Total Liabilities |
2,399,315 |
-30.87 |
3,470,512 |
30.89 |
2,651,490 |
-3.80 |
2,756,307 |
-30.20 |
3,948,691 |
|
ratio analysis |
|
|
|
|
|
|
|
|
|
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Return on capital employed |
9.78 |
33.79 |
7.31 |
-57.75 |
17.30 |
-34.57 |
26.44 |
151 |
10.53 |
|
Return on total assets employed |
3.34 |
102 |
1.65 |
-64.36 |
4.63 |
-25.92 |
6.25 |
322 |
1.48 |
|
Return on net assets employed |
12.40 |
30.25 |
9.52 |
-59.81 |
23.69 |
-38.03 |
38.23 |
167 |
14.29 |
|
Sales / net working capital |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Stock turnover ratio |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditor days |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Debtor days |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.47 |
16.67 |
1.26 |
-4.55 |
1.32 |
3.94 |
1.27 |
9.48 |
1.16 |
|
Liquidity ratio / acid ratio |
0.87 |
16.00 |
0.75 |
8.70 |
0.69 |
-25.00 |
0.92 |
4.55 |
0.88 |
|
Current debt ratio |
2.45 |
-45.19 |
4.47 |
19.20 |
3.75 |
-19.70 |
4.67 |
-43.60 |
8.28 |
|
Cashflow |
56,700 |
-41.08 |
96,240 |
19.72 |
80,387 |
43.81 |
55,899 |
-24.55 |
74,090 |
|
Net worth |
645,403 |
7.37 |
601,090 |
16.07 |
517,873 |
14.84 |
450,933 |
10.09 |
409,621 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
5.68 |
-25.07 |
7.58 |
-27.19 |
10.41 |
-24.07 |
13.71 |
- |
- |
|
Equity in percentage |
26.90 |
55.31 |
17.32 |
-11.32 |
19.53 |
19.38 |
16.36 |
57.76 |
10.37 |
|
Total debt ratio |
2.72 |
-42.98 |
4.77 |
15.78 |
4.12 |
-19.37 |
5.11 |
-40.86 |
8.64 |
|
Working capital |
735,219 |
3.89 |
707,693 |
12.90 |
626,812 |
11.93 |
559,998 |
3.21 |
542,580 |
|
Profit & loss |
|
|
|
|
|
|
|
|
|
|
Operating Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Total operating expenses |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Operating Margin |
297,372 |
17.58 |
252,919 |
4.71 |
241,553 |
-44.22 |
433,070 |
-31.89 |
635,868 |
|
Operating Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Employee costs |
160,857 |
5.42 |
152,590 |
12.17 |
136,040 |
29.09 |
105,387 |
16.69 |
90,315 |
|
Wages and salary |
127,365 |
6.06 |
120,084 |
9.04 |
110,129 |
27.53 |
86,354 |
16.43 |
74,170 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
31,958 |
4.62 |
30,547 |
23.17 |
24,801 |
37.62 |
18,021 |
23.73 |
14,565 |
|
Other employee costs |
1,534 |
-21.69 |
1,959 |
76.49 |
1,110 |
9.68 |
1,012 |
-35.95 |
1,580 |
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization and depreciation |
12,387 |
-4.88 |
13,023 |
-3.15 |
13,446 |
-7.82 |
14,587 |
202 |
4,825 |
|
Operating result |
123,844 |
42.75 |
86,753 |
-4.15 |
90,509 |
-70.29 |
304,682 |
-43.52 |
539,468 |
|
Total financial income |
5,005 |
49.81 |
3,341 |
-99 |
491,846 |
-7.02 |
528,994 |
-9.02 |
581,411 |
|
Total financial expenses |
48,825 |
48.51 |
32,877 |
-92.85 |
459,696 |
-30.48 |
661,289 |
-37.75 |
1,062,358 |
|
Results on ordinary operations
before taxation |
80,024 |
39.86 |
57,217 |
-53.35 |
122,659 |
-28.85 |
172,387 |
194 |
58,521 |
|
Extraordinary Income |
- |
- |
26,000 |
- |
- |
- |
- |
- |
10,744 |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
- |
- |
26,000 |
- |
0 |
- |
0 |
-100 |
10,744 |
|
Results for the Year
Before Taxation |
80,024 |
-3.84 |
83,217 |
-32.16 |
122,659 |
-28.85 |
172,387 |
148 |
69,265 |
|
Taxation |
35,711 |
- |
- |
- |
55,718 |
-57.49 |
131,075 |
- |
- |
|
Results on ordinary operations
after taxation |
44,313 |
-22.55 |
57,217 |
-14.53 |
66,941 |
62.04 |
41,312 |
-29.41 |
58,521 |
|
Net result |
44,313 |
-46.75 |
83,217 |
24.31 |
66,941 |
62.04 |
41,312 |
-40.36 |
69,265 |
|
Profit (Loss) for the
Year to be appropiated |
44,313 |
-46.75 |
83,217 |
24.31 |
66,941 |
62.04 |
41,312 |
-40.36 |
69,265 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Social
Balance Sheet Details
Social Balance Sheet Details
|
Social Balance Sheet |
|
Total |
|
|
During the reporting year |
|
|
|
|
ended 31-12-2015 |
|
|
|
|
Full-time Employees |
|
4 |
|
|
Part-time Employees |
|
0 |
|
|
Total Fte Employees |
|
4 |
|
|
Number of hours worked |
|
|
|
|
Full-time Employees |
|
6,004 |
|
|
Part-time Employees |
|
239 |
|
|
Total |
|
6,243 |
|
|
Personnel Charges |
|
|
|
|
Full-time Employees |
|
124,699 |
|
|
Part-time Employees |
|
36,158 |
|
|
Total |
|
160,857 |
|
|
Benefits In Addition To Wages |
|
- |
|
|
During the previous reporting
year |
|
|
|
|
Average number employees in Fte |
|
4 |
|
|
Actual working hours |
|
5,757 |
|
|
Personnel Charges |
|
152,590 |
|
|
Benefits In Addition To Wages |
|
- |
|
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration |
4 |
- |
4 |
|
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 |
2 |
- |
2 |
|
Higher education (non |
- |
- |
- |
|
university) |
|
|
|
|
Higher education |
- |
- |
- |
|
(university) |
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
2 |
- |
2 |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
4 |
- |
4 |
|
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 |
46761 |
|
|
Activity description |
Wholesale of diamonds and
other precious stones |
|
Payment
Information
|
Payment Information Summary |
|
|
Total number of Invoices
available |
11 |
|
Total number of Invoices
paid within or up to 30 days
after the due date |
10 |
|
Total number of Invoices
paid more than 30 days after the
due date |
1 |
|
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 |
- |
|
Day sales outstanding |
- |
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and
other precious stones |
|
Industry average payment expectation
days |
200.55 |
|
Industry average day sales outstanding
|
211.46 |
Industry
quartile analysis
Payment expectations
|
Company result |
- |
|
Lower |
129.55 |
|
Median |
60.34 |
|
Upper |
26.55 |
|
Day sales outstanding |
|
|
Company result |
- |
|
Lower |
134.27 |
|
Median |
82.06 |
|
Upper |
45.45 |
Shareholder
Details
|
Summary |
|
|
Group - Number of Companies |
0 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Group Structure
No group structure for this
company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Individual
Shareholders
SHAREHOLDER NAME
|
Forename |
Dean |
Middle name |
- |
|
Surname |
König |
|
|
|
|
SHAREHOLDER DETAILS |
|
|
|
Start date |
04/05/2001(estimated) |
End date |
- |
|
Percentage owned |
- |
|
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
Street name |
Platanenlaan |
House number |
17 |
|
Postal town |
Antwerpen |
|
|
|
Post code |
2610 |
Country |
Belgium |
Linked
Companies
|
Summary |
|
|
Group - Number of Companies |
0 |
|
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 |
Manager |
|
Start Date |
10/05/2001 |
|
Street |
17 PLATANENLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
Name |
Dean König |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.72 |
|
|
1 |
INR 88.64 |
|
Euro |
1 |
INR 78.14 |
|
Euro |
1 |
INR 78.03 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
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.