|
|
|
MIRA INFORM REPORT
|
Report No. : |
496225 |
|
Report Date : |
10.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
UNICA BVBA |
|
|
|
|
Registered Office : |
Goedstraat 35 9800 Deinze |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
20.06.1974 |
|
|
|
|
Com. Reg. No.: |
414318573 |
|
|
|
|
Legal Form : |
Private limited liability company |
|
|
|
|
Line of Business : |
Subject is engaged in Wholesale of machinery for the textile industry, and of sewing and knitting machines |
|
|
|
|
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 (30.09.2017) |
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. Service and high-tech industries are concentrated in the northern Flanders region while the southern region of Wallonia is home to industries like coal and steel manufacturing. Belgium is completely 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, and the port of Zeebrugge conducts almost half its trade with the United Kingdom alone, leaving Belgium’s economy vulnerable to the outcome of negotiations on the UK’s exit from the EU.
Belgium’s GDP grew by 1.7% in 2017 and the budget deficit was 1.5% of GDP. Unemployment stood at 7.3%, however the unemployment rate is lower in Flanders than Wallonia, 4.4% compared to 9.4%, because of industrial differences between the regions. The economy largely recovered from the March 2016 terrorist attacks that 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 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. In 2017, Belgium approved a tax reform plan to ease corporate rates from 33% to 29% by 2018 and down to 25% by 2020. The tax plan also included benefits for innovation and SMEs, intended to spur competitiveness and private investment.
|
Source
: CIA |
Company
name and address
|
Business
number |
414318573 |
|
Branche
Unit Number |
2010109917 |
|
Company
name |
UNICA
BVBA |
|
Address |
GOEDSTRAAT
35 |
|
|
9800
DEINZE |
|
Date
of establishment |
20/06/1974 |
|
Telephone
number |
3251635975 |
|
Mobile
number |
- |
|
Fax
number |
092272256 |
|
Liable
for VAT |
yes |
|
VAT
Number |
BE.0414.318.573
Check VAT number |
Commentary
The
business was established over 43 years ago.
The
business has 3 employees.
The
business has been at the address for
over 20 months. Operating Result in the
latest trading period decreased 46% on
the previous trading period.
Pre-tax
profits decreased by 51% compared to
the previous trading period. The business
saw a decrease in their Cash Balance
of 24% during the latest trading period.
Annual
accounts
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2016 |
|
248,754 |
3,673,599 |
3,538,243 |
|
31/12/2015 |
|
517,680 |
3,604,235 |
3,539,553 |
|
31/12/2014 |
|
646,897 |
3,498,011 |
3,411,583 |
Accounts
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2016 |
5,885,545 |
3 |
125,000 |
302,072 |
|
31/12/2015 |
6,707,650 |
4 |
125,000 |
539,075 |
|
31/12/2014 |
6,734,211 |
3 |
125,000 |
681,862 |
Trends
Profitability
Liquidity
Net
worth
Payment
expectations
|
Past
payments |
|
Payment
expectation days |
- |
|
Industry
average payment |
65.46 |
Industry
average day sales outstanding |
201.70 |
|
expectation
days |
|
|
|
|
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 |
414318573 |
Company
name |
UNICA
BVBA |
|
Fax
number |
092272256 |
Date
founded |
20/06/1974 |
|
Company
status |
active |
Company
type |
Private
limited liability company |
|
Currency |
Euro
(€) |
Date
of latest accounts |
31/12/2016 |
|
Activity
code |
46640 |
Number
of staff |
3 |
|
Activity
description |
Wholesale
of machinery for the textile industry,
and of sewing and knitting machines
|
|
|
|
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 |
14904 |
|
Description |
Joint
subcommittee for the trade in metals |
|
category |
|
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 |
135,356 |
109 |
64,682 |
-25.16 |
86,428 |
104 |
42,325 |
14.50 |
36,964 |
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible
fixed assets |
135,356 |
109 |
64,682 |
-25.16 |
86,428 |
104 |
42,325 |
14.50 |
36,964 |
|
Land
& building |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Plant
& machinery |
43,538 |
54.81 |
28,124 |
-20.28 |
35,278 |
-6.78 |
37,845 |
43.76 |
26,324 |
|
Furniture
& Vehicles |
91,818 |
151 |
36,559 |
-28.53 |
51,150 |
1041 |
4,480 |
-57.89 |
10,640 |
|
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 |
5,750,189 |
-13.44 |
6,642,968 |
-0.07 |
6,647,783 |
-7.50 |
7,186,470 |
9.75 |
6,547,994 |
|
Inventories |
1,168,170 |
20.81 |
966,985 |
-34.27 |
1,471,125 |
-2.99 |
1,516,440 |
15.79 |
1,309,595 |
|
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 |
1,168,170 |
20.81 |
966,985 |
-34.27 |
1,471,125 |
-2.99 |
1,516,440 |
15.79 |
1,309,595 |
|
Trade
debtors |
939,890 |
130 |
407,954 |
-61.26 |
1,053,178 |
25.43 |
839,641 |
-43.61 |
1,488,992 |
|
Other
amounts receivable |
8,753 |
-43.40 |
15,464 |
0.76 |
15,348 |
-72.84 |
56,514 |
25.69 |
44,964 |
|
Cash |
1,867,510 |
-24.74 |
2,481,255 |
83.52 |
1,352,048 |
-11.98 |
1,535,985 |
71.42 |
896,020 |
|
Miscellaneous
current assets |
1,765,866 |
-36.28 |
2,771,310 |
0.55 |
2,756,085 |
-14.88 |
3,237,891 |
15.29 |
2,808,423 |
|
Total
Assets |
5,885,545 |
-12.26 |
6,707,650 |
-0.39 |
6,734,211 |
-6.84 |
7,228,795 |
9.78 |
6,584,958 |
Liabilities
|
Total
shareholders equity |
3,673,599 |
1.92 |
3,604,235 |
3.04 |
3,498,011 |
3.93 |
3,365,773 |
4.58 |
3,218,386 |
|
Issued
share capital |
125,000 |
0 |
125,000 |
0 |
125,000 |
0 |
125,000 |
0 |
125,000 |
|
Share
premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation
reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
3,548,599 |
1.99 |
3,479,235 |
3.15 |
3,373,011 |
4.08 |
3,240,773 |
4.76 |
3,093,386 |
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered
taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
2,211,946 |
-28.73 |
3,103,415 |
-4.10 |
3,236,200 |
-16.23 |
3,863,022 |
14.75 |
3,366,572 |
|
Other
long term loans |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
long term debts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Current
portion of long term debt |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial
debts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade
creditors |
496,680 |
118 |
227,126 |
-43.36 |
400,968 |
-15.95 |
477,084 |
25.93 |
378,862 |
|
Amounts
Payable for Taxes, |
26,399 |
12.17 |
23,535 |
-39.98 |
39,212 |
-47.21 |
74,272 |
34.90 |
55,057 |
|
Remuneration
& Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous
current liabilities |
1,688,867 |
-40.80 |
2,852,754 |
2.03 |
2,796,020 |
-15.57 |
3,311,666 |
12.92 |
2,932,652 |
|
Total
current liabilities |
2,211,946 |
-28.73 |
3,103,415 |
-4.10 |
3,236,200 |
-16.23 |
3,863,022 |
14.75 |
3,366,572 |
|
Total
Liabilities |
5,885,545 |
-12.26 |
6,707,650 |
-0.39 |
6,734,211 |
-6.84 |
7,228,795 |
9.78 |
6,584,958 |
ratio
analysis
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit
Before Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Return
on capital employed |
6.77 |
-52.86 |
14.36 |
-22.34 |
18.49 |
12.06 |
16.50 |
-27.92 |
22.89 |
|
Return
on total assets employed |
4.23 |
-45.21 |
7.72 |
-19.67 |
9.61 |
25.13 |
7.68 |
-31.37 |
11.19 |
|
Return
on net assets employed |
6.77 |
-52.86 |
14.36 |
-22.34 |
18.49 |
12.06 |
16.50 |
-27.92 |
22.89 |
|
Sales
/ net working capital |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Stock
turnover ratio |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditor
days |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Debtor
days |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current
ratio |
2.60 |
21.50 |
2.14 |
4.39 |
2.05 |
10.22 |
1.86 |
-4.62 |
1.95 |
|
Liquidity
ratio / acid ratio |
2.07 |
13.11 |
1.83 |
14.38 |
1.60 |
8.84 |
1.47 |
-5.77 |
1.56 |
|
Current
debt ratio |
0.60 |
-30.23 |
0.86 |
-7.53 |
0.93 |
-19.13 |
1.15 |
9.52 |
1.05 |
|
Cashflow |
302,072 |
-43.96 |
539,075 |
-20.94 |
681,862 |
20.56 |
565,566 |
-15.48 |
669,135 |
|
Net
worth |
3,673,599 |
1.92 |
3,604,235 |
3.04 |
3,498,011 |
3.93 |
3,365,773 |
4.58 |
3,218,386 |
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Equity
in percentage |
62.42 |
16.17 |
53.73 |
3.45 |
51.94 |
11.55 |
46.56 |
-4.73 |
48.87 |
|
Total
debt ratio |
0.60 |
-30.23 |
0.86 |
-7.53 |
0.93 |
-19.13 |
1.15 |
9.52 |
1.05 |
|
Working
capital |
3,538,243 |
-0.04 |
3,539,553 |
3.75 |
3,411,583 |
2.65 |
3,323,448 |
4.46 |
3,181,422 |
Profit
& loss
|
Operating
Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Total
operating expenses |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross
Operating Margin |
549,773 |
-35.43 |
851,439 |
-12.81 |
976,524 |
13.24 |
862,313 |
-15.20 |
1,016,936 |
|
Operating
Charges |
0 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Employee
costs |
154,565 |
-18.93 |
190,666 |
15.25 |
165,443 |
10.63 |
149,543 |
1.73 |
146,996 |
|
Wages
and salary |
- |
- |
127,316 |
21.85 |
104,489 |
0.29 |
104,185 |
2.01 |
102,127 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
security contributions |
- |
- |
50,121 |
16.83 |
42,901 |
5.39 |
40,707 |
20.50 |
33,782 |
|
Other
employee costs |
154,565 |
1068 |
13,229 |
-26.72 |
18,053 |
288 |
4,651 |
-58.05 |
11,087 |
|
Director
remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization
and depreciation |
57,709 |
75.68 |
32,850 |
-33.80 |
49,624 |
172 |
18,180 |
-8.51 |
19,872 |
|
Operating
result |
333,961 |
-46.30 |
621,867 |
-16.33 |
743,243 |
7.94 |
688,540 |
-18.42 |
843,969 |
|
Total
financial income |
9,429 |
9.42 |
8,617 |
-59.72 |
21,393 |
-8.25 |
23,317 |
-45.45 |
42,743 |
|
Total
financial expenses |
94,637 |
-16.11 |
112,804 |
-4.19 |
117,738 |
-24.75 |
156,459 |
4.23 |
150,108 |
|
Results
on ordinary operations before taxation |
248,754 |
-51.95 |
517,680 |
-19.97 |
646,897 |
16.47 |
555,398 |
-24.60 |
736,605 |
|
Extraordinary
Income |
- |
- |
5,000 |
- |
- |
- |
- |
- |
- |
|
Extraordinary
Charges |
- |
- |
- |
- |
- |
- |
- |
- |
15,024 |
|
Extraordinary
items |
- |
- |
5,000 |
- |
- |
- |
0 |
0 |
-15,024 |
|
Results
for the Year Before Taxation |
248,754 |
-52.41 |
522,680 |
-19.20 |
646,897 |
16.47 |
555,398 |
-23.03 |
721,580 |
|
Taxation |
4,390 |
-73.32 |
16,456 |
12.25 |
14,659 |
82.98 |
8,011 |
-88.92 |
72,317 |
|
Results
on ordinary operations after taxation |
244,364 |
-51.25 |
501,225 |
-20.72 |
632,238 |
15.50 |
547,386 |
-17.60 |
664,288 |
|
Net
result |
244,364 |
-51.73 |
506,225 |
-19.93 |
632,238 |
15.50 |
547,386 |
-15.69 |
649,263 |
|
Profit
(Loss) for the Year to be appropiated |
244,364 |
-51.73 |
506,225 |
-19.93 |
632,238 |
15.50 |
547,386 |
-15.69 |
649,263 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Social Balance Sheet
Details
Social
Balance Sheet Details
|
Social
Balance Sheet |
Total |
|
During
the reporting year |
|
|
ended
31-12-2016 |
|
|
Full-time
Employees |
3 |
|
Part-time
Employees |
- |
|
Total
Fte Employees |
3 |
|
Number
of hours worked |
|
|
Full-time
Employees |
4,673 |
|
Part-time
Employees |
- |
|
Total |
4,673 |
|
Personnel
Charges |
|
|
Full-time
Employees |
154,565 |
|
Part-time
Employees |
- |
|
Total |
154,565 |
|
Benefits
In Addition To Wages |
- |
During
the previous reporting year
|
Average
number employees in Fte |
4 |
|
Actual
working hours |
6,360 |
|
Personnel
Charges |
190,666 |
|
Benefits
In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited
Duration |
3 |
- |
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 |
1 |
- |
1 |
|
university) |
|
|
|
|
Higher
education |
- |
- |
- |
|
(university) |
|
|
|
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
- |
- |
- |
|
Secondairy
education |
- |
- |
- |
|
Higher
education (non |
1 |
- |
1 |
|
university) |
|
|
|
|
Higher
education |
- |
- |
- |
|
(university) |
|
|
|
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
2 |
- |
2 |
|
Blue
collar worker |
1 |
- |
1 |
|
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 |
1 |
- |
1 |
|
Total
of formal continuing vocational training
initiatives |
|
|
|
for
workers paid by the employer |
Male |
Female |
|
Number
of employees |
1 |
- |
|
Number
of training hours |
47 |
- |
|
Net
costs for enterprise |
2,199 |
- |
|
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 |
46640 |
|
Activity
description |
Wholesale
of machinery for the textile industry,
and of sewing and knitting machines |
|
industry
average credit rating |
72.03 |
|
Industry
average credit limit |
105280.37
|
Payment
Information
Payment Information Summary
|
Total
number of Invoices available |
12 |
|
Total
number of Invoices paid within or
up to 30 days after the due date |
8 |
|
Total
number of Invoices paid more than
30 days after the due date |
4 |
|
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 |
46640 |
|
Activity
description |
Wholesale
of machinery for the textile industry,
and of sewing and knitting machines |
|
Industry
average payment expectation days |
65.46 |
|
Industry
average day sales outstanding |
201.70 |
Industry
quartile analysis Payment expectations
|
Company
result |
- |
|
Lower |
92.02 |
|
Median |
62.94 |
|
Upper |
33.45 |
|
Day
sales outstanding |
|
|
Company
result |
- |
|
Lower |
201.35 |
|
Median |
119.50 |
|
Upper |
36.24 |
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
Companies
that match this address
no
Companies Match this address
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 |
25/03/2016 |
|
Street |
8
Pontstraat Drongen |
|
Post
code |
9031 |
|
Country |
Belgium |
|
Name |
Rik
Wauters |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.07 |
|
|
1 |
INR 89.85 |
|
Euro |
1 |
INR 81.06 |
|
Euro |
1 |
INR 80.00 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.