|
|
|
MIRA INFORM REPORT
|
Report No. : |
488403 |
|
Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAMIR GEMS NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-Bus 279, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2015 |
|
|
|
|
Date of Incorporation : |
03.12.1982 |
|
|
|
|
Com. Reg. No.: |
423673729 |
|
|
|
|
Legal Form : |
Public Limited 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 : |
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 (30.06.2017) |
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 423673729
Branche Unit Number 2024111371
Company name SAMIR GEMS NV
Address HOVENIERSSTRAAT
30-BUS 279
2018 ANTWERPEN
Date of establishment 03/12/1982
Telephone number 3232275853
Mobile number -
Fax number 032264549
Liable for VAT Yes
VAT Number BE.0423.673.729
Check VAT number
Commentary
The business was established
over 34 years ago.
The business has 4
employees.
The business has
been at the address for over 7 years.
Operating Result in
the latest trading period decreased 23% on the previous trading period.
Pre-tax profits
decreased by 32% compared to the previous trading period.
The business saw a decrease in their Cash Balance of 97% during the latest trading period.
ANNUAL ACCOUNTS
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2015 |
216,186,584 |
632,502 |
53,966,681 |
53,234,564 |
|
31/12/2014 |
269,722,984 |
937,030 |
47,916,013 |
48,030,607 |
|
31/12/2013 |
218,303,463 |
676,979 |
41,480,471 |
41,634,063 |
|
|
|
|
|
|
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2015 |
107,445,925 |
4 |
50,976,750 |
658,199 |
|
31/12/2014 |
98,675,565 |
3 |
45,709,800 |
908,154 |
|
31/12/2013 |
81,235,531 |
3 |
40,243,050 |
652,390 |
Payment
expectations
|
Past payments |
|
Payment expectation days |
19.13 |
|
Industry average payment expectation days |
199.73 |
Industry average day sales
outstanding |
211.47 |
|
Day sales outstanding |
76.47 |
|
|
Court
data summary
|
BANKRUPTCY DETAILS |
||||
|
Court action type |
No |
|
|
|
|
PROTESTED BILLS |
||||
|
Bill amount |
||||
|
NSSO DETAILS |
||||
|
Date of summons |
-- |
|
|
|
Company
information
|
Business
Number |
423673729 |
Company
Name |
SAMIR GEMS NV |
|
Fax Number |
032264549 |
Date
Founded |
03/12/1982 |
|
Company
Status |
active |
Company
Type |
Public Limited 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 |
|
|
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 15/05/2013
Event Description
Event Details De heer Samir Bhansali schrijft in op 61 nieuwe
aandelen en de heer Anjal Bhansali
schrijft in op 671
nieuwe aandelen.
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 |
3,503,264 |
-2.82 |
3,604,969 |
10.38 |
3,265,927 |
-8.31 |
3,562,078 |
5.82 |
3,366,266 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
3,190,661 |
-4.03 |
3,324,665 |
10.12 |
3,019,147 |
-8.51 |
3,299,814 |
-1.62 |
3,354,002 |
|
Land & building |
3,115,545 |
-3.52 |
3,229,065 |
11.07 |
2,907,278 |
-7.94 |
3,158,060 |
-0.86 |
3,185,433 |
|
Plant & machinery |
6,049 |
-38.56 |
9,845 |
-25.92 |
13,290 |
15.56 |
11,501 |
-19.98 |
14,372 |
|
Furniture & Vehicles |
69,068 |
-19.46 |
85,755 |
-13.01 |
98,579 |
-24.32 |
130,254 |
-15.53 |
154,196 |
|
Leasing & Other Similar Rights |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other tangible assets |
-1 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
312,602 |
11.52 |
280,304 |
13.58 |
246,781 |
-5.90 |
262,264 |
2038 |
12,264 |
|
Total current assets |
103,942,661 |
9.33 |
95,070,596 |
21.93 |
77,969,604 |
-13.60 |
90,243,362 |
39.68 |
64,605,028 |
|
Inventories |
58,622,486 |
54.90 |
37,846,140 |
20.73 |
31,347,409 |
-7.66 |
33,947,904 |
47.29 |
23,047,918 |
|
Raw materials & consumables |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
58,622,486 |
54.90 |
37,846,140 |
20.73 |
31,347,409 |
-7.66 |
33,947,904 |
47.29 |
23,047,918 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
45,292,164 |
-19.49 |
56,253,565 |
23.07 |
45,709,941 |
-17.09 |
55,129,437 |
34.84 |
40,885,500 |
|
Other amounts receivable |
8,761 |
-96.80 |
273,501 |
7.53 |
254,350 |
-3.62 |
263,895 |
-26.42 |
358,657 |
|
Cash |
19,250 |
-97.24 |
697,390 |
6.00 |
657,904 |
-27.03 |
901,577 |
188 |
312,953 |
|
Miscellaneous current assets |
0 |
- |
0 |
- |
0 |
-100 |
550 |
- |
0 |
|
Total Assets |
107,445,925 |
8.89 |
98,675,565 |
21.47 |
81,235,531 |
-13.40 |
93,805,441 |
38.01 |
67,971,294 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
53,966,681 |
12.63 |
47,916,013 |
15.51 |
41,480,471 |
65.95 |
24,995,866 |
0.79 |
24,800,692 |
|
Issued share capital |
50,976,750 |
11.52 |
45,709,800 |
13.58 |
40,243,050 |
101 |
20,000,000 |
0 |
20,000,000 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
384,996 |
11.52 |
345,218 |
13.58 |
303,931 |
-5.90 |
323,000 |
0 |
323,000 |
|
Reserves |
2,604,935 |
39.98 |
1,860,995 |
99 |
933,490 |
-80.02 |
4,672,866 |
4.36 |
4,477,692 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
53,479,245 |
5.36 |
50,759,552 |
27.68 |
39,755,060 |
-42.22 |
68,809,575 |
59.39 |
43,170,601 |
|
Other long term loans |
2,771,148 |
-25.50 |
3,719,563 |
8.77 |
3,419,519 |
-34.74 |
5,239,615 |
-4.34 |
5,477,276 |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
2,771,148 |
-25.50 |
3,719,563 |
8.77 |
3,419,519 |
-34.74 |
5,239,615 |
-4.34 |
5,477,276 |
|
Current portion of long term debt |
146,921 |
-4.43 |
153,726 |
3.06 |
149,156 |
6.78 |
139,689 |
-13.22 |
160,962 |
|
Financial debts |
38,375,597 |
-9.46 |
42,383,683 |
40.92 |
30,077,202 |
-40.64 |
50,669,461 |
59.52 |
31,764,694 |
|
Trade creditors |
11,204,368 |
179 |
4,002,461 |
-31.51 |
5,843,685 |
-53.53 |
12,576,255 |
122 |
5,659,278 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
298,910 |
-1.31 |
302,864 |
107 |
146,098 |
14.67 |
127,404 |
231 |
38,460 |
|
Miscellaneous current liabilities |
682,301 |
245 |
197,255 |
65.21 |
119,400 |
108 |
57,151 |
-18.28 |
69,931 |
|
Total current liabilities |
50,708,097 |
7.80 |
47,039,989 |
29.46 |
36,335,541 |
-42.84 |
63,569,959 |
68.65 |
37,693,325 |
|
Total Liabilities |
107,445,925 |
8.89 |
98,675,565 |
21.47 |
81,235,531 |
-13.40 |
93,805,441 |
38.01 |
67,971,294 |
|
RATIO
ANALYSIS |
|||||||||
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.29 |
-17.14 |
0.35 |
12.90 |
0.31 |
82.35 |
0.17 |
0 |
0.17 |
|
Return on capital employed |
1.11 |
-38.67 |
1.81 |
19.87 |
1.51 |
38.53 |
1.09 |
11.22 |
0.98 |
|
Return on total assets employed |
0.59 |
-37.89 |
0.95 |
14.46 |
0.83 |
137 |
0.35 |
-18.60 |
0.43 |
|
Return on net assets employed |
1.17 |
-40.31 |
1.96 |
20.25 |
1.63 |
23.48 |
1.32 |
10.92 |
1.19 |
|
Sales / net working capital |
4.06 |
-27.76 |
5.62 |
7.25 |
5.24 |
-27.02 |
7.18 |
10.46 |
6.50 |
|
Stock turnover ratio |
27.12 |
93.30 |
14.03 |
-2.30 |
14.36 |
-18.96 |
17.72 |
34.45 |
13.18 |
|
Creditor days |
19.13 |
249 |
5.48 |
-44.59 |
9.89 |
-59.10 |
24.18 |
102 |
11.93 |
|
Debtor days |
76.47 |
0.46 |
76.12 |
-0.41 |
76.43 |
-27.24 |
105.05 |
23.08 |
85.35 |
|
SHORT TERM
STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
2.05 |
1.49 |
2.02 |
-6.05 |
2.15 |
51.41 |
1.42 |
-16.96 |
1.71 |
|
Liquidity ratio / acid ratio |
0.89 |
-27.05 |
1.22 |
-4.69 |
1.28 |
43.82 |
0.89 |
-19.09 |
1.10 |
|
Current debt ratio |
0.94 |
-4.08 |
0.98 |
11.36 |
0.88 |
-65.35 |
2.54 |
67.11 |
1.52 |
|
Cashflow |
658,199 |
-27.52 |
908,154 |
39.20 |
652,390 |
122 |
293,861 |
0.31 |
292,956 |
|
Net worth |
53,966,681 |
12.63 |
47,916,013 |
15.51 |
41,480,471 |
65.95 |
24,995,866 |
0.79 |
24,800,692 |
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
76.52 |
-20.74 |
96.54 |
19.02 |
81.11 |
-63.83 |
224.23 |
48.68 |
150.81 |
|
Equity in percentage |
50.23 |
3.44 |
48.56 |
-4.90 |
51.06 |
91.59 |
26.65 |
-26.97 |
36.49 |
|
Total debt ratio |
0.99 |
-6.60 |
1.06 |
10.42 |
0.96 |
-65.09 |
2.75 |
58.05 |
1.74 |
|
Working capital |
53,234,564 |
10.83 |
48,030,607 |
15.36 |
41,634,063 |
56.09 |
26,673,403 |
-0.89 |
26,911,703 |
|
PROFIT
& LOSS |
|||||||||
|
Operating Income |
216,233,949 |
-19.83 |
269,725,650 |
23.52 |
218,370,789 |
14.00 |
191,553,148 |
9.56 |
174,838,479 |
|
Turnover |
216,186,584 |
-19.85 |
269,722,984 |
23.55 |
218,303,463 |
13.97 |
191,552,565 |
9.56 |
174,837,311 |
|
Total operating expenses |
213,748,583 |
-19.80 |
266,527,773 |
23.54 |
215,740,420 |
13.63 |
189,863,922 |
9.62 |
173,199,565 |
|
Gross Operating Margin |
- |
- |
|
- |
- |
- |
- |
- |
- |
|
Operating Charges |
213,795,948 |
-19.79 |
266,530,438 |
23.50 |
215,807,746 |
13.66 |
189,864,506 |
9.62 |
173,200,733 |
|
Employee costs |
148,733 |
-13.94 |
172,822 |
78.11 |
97,029 |
32.16 |
73,416 |
-14.01 |
85,382 |
|
Wages and salary |
- |
- |
141,802 |
75.45 |
80,824 |
35.61 |
59,601 |
-16.46 |
71,344 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
- |
- |
28,505 |
91.12 |
14,915 |
22.14 |
12,212 |
-7.88 |
13,256 |
|
Other employee costs |
148,733 |
5811 |
2,516 |
94.89 |
1,291 |
-19.45 |
1,603 |
104 |
782 |
|
Director remuneration |
- |
- |
156,124 |
8.36 |
144,076 |
41.20 |
102,036 |
-8.85 |
111,938 |
|
Amortization and depreciation |
128,694 |
19.76 |
107,457 |
13.73 |
94,486 |
-4.26 |
98,687 |
-2.93 |
101,664 |
|
Operating result |
2,438,001 |
-23.70 |
3,195,211 |
24.66 |
2,563,043 |
51.78 |
1,688,643 |
3.11 |
1,637,746 |
|
Total financial income |
108,547 |
-18.08 |
132,502 |
8481 |
1,544 |
33.92 |
1,153 |
-65.76 |
3,367 |
|
Total financial expenses |
1,914,047 |
-19.94 |
2,390,683 |
26.65 |
1,887,608 |
38.91 |
1,358,864 |
0.98 |
1,345,625 |
|
Results on ordinary operations before taxation |
632,502 |
-32.50 |
937,030 |
38.41 |
676,979 |
104 |
330,932 |
11.99 |
295,488 |
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
- |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Results for the Year Before Taxation |
632,502 |
-32.50 |
937,030 |
38.41 |
676,979 |
104 |
330,932 |
11.99 |
295,488 |
|
Taxation |
102,997 |
-24.45 |
136,334 |
14.49 |
119,075 |
-12.29 |
135,758 |
30.29 |
104,197 |
|
Results on ordinary operations after taxation |
529,505 |
-33.87 |
800,696 |
43.52 |
557,904 |
185 |
195,174 |
2.03 |
191,291 |
|
Net result |
529,505 |
-33.87 |
800,697 |
43.52 |
557,904 |
185 |
195,174 |
2.03 |
191,291 |
|
Profit (Loss) for the Year to
be appropriated |
529,505 |
-33.87 |
800,697 |
43.52 |
557,904 |
185 |
195,174 |
2.03 |
191,291 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Social BALANCE SHEET DETAILS
|
Social
Balance Sheet |
Total |
|
During
the reporting year |
|
|
ended
31-12-2015 |
|
|
Full-time
Employees |
3 |
|
Part-time
Employees |
1 |
|
Total
Fte Employees |
4 |
|
|
|
|
Number
of hours worked |
|
|
Full-time
Employees |
5,244 |
|
Part-time
Employees |
1,424 |
|
Total |
6,668 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
- |
|
Part-time
Employees |
- |
|
Total |
148,733 |
|
Benefits
In Addition To Wages |
- |
|
|
|
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
4 |
|
Actual
working hours |
6,668 |
|
Personnel
Charges |
148,733 |
|
Benefits
In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited
Duration Contracts |
3 |
1 |
4 |
|
Gender
and Education Level |
|
|
|
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
- |
- |
- |
|
Secondairy
education |
1 |
- |
1 |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
- |
- |
- |
|
Secondairy
education |
2 |
1 |
3 |
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
2 |
1 |
3 |
|
Blue
collar worker |
1 |
- |
1 |
Industry
comparison
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other precious stones |
Payment
expectations
|
Payment expectation days |
19.13 |
|
Day sales outstanding |
76.47 |
|
|
|
|
Industry
comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other precious stones |
|
Industry average payment expectation days |
199.73 |
|
Industry average day sales outstanding |
211.47 |
|
Industry quartile
analysis |
|
|
Payment
expectations |
|
|
Company result |
19.13 |
|
Lower |
129.28 |
|
Median |
58.79 |
|
Upper |
26.67 |
|
|
|
|
Day sales
outstanding |
|
|
Company result |
76.47 |
|
Lower |
137.49 |
|
Median |
82.62 |
|
Upper |
46.10 |
Shareholder
details
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders founds
Minority Interests
No
minority interests found
Individual
Shareholders
|
SHAREHOLDER
NAME |
|
|
|
|
Forename |
Anjal |
Middle name |
- |
|
Surname |
Bhansali |
|
|
|
|
|
|
|
|
SHAREHOLDER
DETAILS |
|
|
|
|
Start date |
03/06/2013(estimated) |
End date |
- |
|
Percentage owned |
- |
|
|
|
|
|
|
|
|
SHAREHOLDER
ADDRESS |
|
|
|
|
Street name |
Flamingolaan |
House number |
5 |
|
Postal town |
Antwerpen |
|
|
|
Post code |
2610 |
Country |
Belgium |
|
|
|
|
|
|
SHAREHOLDER
NAME |
|
|
|
|
Forename |
Samir |
Middle name |
- |
|
Surname |
Bhansali |
|
|
|
|
|
|
|
|
SHAREHOLDER
DETAILS |
|
|
|
|
Start date |
03/11/1999(estimated) |
End date |
- |
|
Percentage owned |
- |
|
|
|
|
|
|
|
|
SHAREHOLDER
ADDRESS |
|
|
|
|
Street name |
Flamingolaan |
House number |
5 |
|
Postal town |
Antwerpen |
|
|
|
Post code |
2610 |
Country |
Belgium |
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 |
27/04/2013 |
|
Street |
5 FLAMINGOLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
Anjal Bhansali |
|
Position |
Director |
|
Start Date |
27/04/2013 |
|
Street |
5 FLAMINGOLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
Samir Bhansali |
|
Position |
Managing Director |
|
Start Date |
28/04/2007 |
|
Street |
5 FLAMINGOLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
Meera Zaveri |
|
Position |
Director |
|
Start Date |
29/04/2006 |
|
Street |
5 FLAMINGOLAAN ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
Sunil Shah |
|
Position |
Director |
|
Start Date |
14/07/2005 |
|
Street |
102 BELGIËLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.77 |
|
|
1 |
INR 89.20 |
|
Euro |
1 |
INR 78.22 |
|
Euro |
1 |
INR 78.52 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
TRU |
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.