MIRA
INFORM REPORT
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Report Date : |
04.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
DHARM DIAM BVBA |
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Registered Office : |
Hovenierstrrat 30, Suite No. 428, Box 133, 2018 Antwerpen, |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
21.06.2002 |
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Com. Reg. No.: |
349976, ANTWERPEN |
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Legal Form : |
Private company with
limited lability |
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Line of Business : |
Wholesale of miscellaneous
intermediate products |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
DHARM DIAM
HOVENIERSSTRAAT 30 B.133
2018 ANTWERPEN BE
Tel. Number +32-3-2341445\
Business founded
03 June 2002
Business registered
21 June 2002 - Private company with limited lability
Registration number
349976, ANTWERPEN,
VAT number
BE477689960,
Legal form
Private company with limited lability
Activities
Wholesale of miscellaneous intermediate products
Payment experience
No complaints have been registered
Credit opinion
Credit opinion
Cash situation (balance sheet
analysis) : Normal
Profitability (balance sheet
analysis) : Nil
Commitments (regarding contractual
obligations) : Currently fulfilled
Payment
defaults : None
Total share capital31
December
2006 EUR 20000,00
Bank
BANQUE DIAMANTAIRE
ANVERSOISE
Boardmembers
PATEL SANDIP
Manager
Management
PATEL SANDIPKAMAR
DAYLBHAI Partner
BHANSALI SAMIR
JAYANTILAL Partner
MEYNENDONCKX BART FILIP GERARD Representative and auditor
Auditor
LUYTEN-MEYNENDONCKX
& PARTNERS BEDRIJFREVISOREN/REVISEURS
D'ENTREPRISE Auditors´ president
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The business owns or partly owns one or more pieces of land and
buildings? Yes(Property) |
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Turnover for the period: 00 0000 - 31
December 2006 in EUR 27.424.101,00 |
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Not consolidated profit and loss turnover
of the business: |
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Corporate balance sheet for the year: 00 0000 - 31 December
2006 in EUR |
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Total assets incl. prepaid expenses and accrued income |
14.383.840,- |
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Total fixed assets |
287.787,- |
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Total tangible fixed assets |
287.787,- |
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Land and buildings |
266.430,- |
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Plant, machinery and equipment |
2.690,- |
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Total Current assets |
14.096.053,- |
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Inventories and work in progress (incl. prepayments) |
6.902.003,- |
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Accounts receivable (trade) |
6.992.325,- |
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Cash in hand and at bank |
201.725,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
14.383.840,- |
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Total equity (Shareholders' funds) |
99.371,- |
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Issued (subscribed) capital |
20.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried forward |
77.371,- |
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Total liabilities |
14.284.469,- |
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Total long-term liabilities |
268.999,- |
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Long-term liabilities to credit institutions |
268.999,- |
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Total current liabilities |
14.015.470,- |
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Current accounts payable (trade) |
12.422.513,- |
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Current liabilities to credit institutions |
10.587,- |
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Income and social tax liabilities |
5.000,- |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2006 in EUR |
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Total operating income/revenue |
27.424.101,- |
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Main revenue (sales/turnover) |
27.424.101,- |
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Total operating expenses |
27.375.708,- |
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Cost of materials (type of expenditure format) |
26.987.428,- |
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Cost of goods sold (operational format) |
27.375.708,- |
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Gross profit or loss after cost of materials or after cost of goods
sold |
48.393,- |
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Depreciation |
38.344,- |
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Operating profit or loss |
48.393,- |
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Financial income |
1.823,- |
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Financial expenses |
40.086,- |
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Result of ordinary operations |
10.130,- |
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Extraordinary result |
10.130,- |
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Net profit or loss |
10.130,- |
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Borrowing ratio |
14374,89 % |
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Current ratio |
100,57 % |
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Debt gearing |
270,70 % |
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Profit margin. |
0,47 % |
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Quick ratio |
51,32 % |
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Return on assets |
0,91 % |
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Return on equity. |
10,19 % |
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Solidity or equity ratio |
0,69 % |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 48.964.000,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 31 December
2005 in EUR |
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Total assets incl. prepaid expenses and accrued income |
26.084.000,- |
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Total fixed assets |
15.000,- |
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Total tangible fixed assets |
15.000,- |
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Plant, machinery and equipment |
3.000,- |
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Total Current assets |
26.069.000,- |
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Inventories and work in progress (incl. prepayments) |
18.843.000,- |
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Accounts receivable (trade) |
6.384.000,- |
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Cash in hand and at bank |
842.000,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
26.084.000,- |
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Total equity (Shareholders' funds) |
89.000,- |
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Issued (subscribed) capital |
20.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried forward |
67.000,- |
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Total liabilities |
25.995.000,- |
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Total current liabilities |
25.995.000,- |
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Current accounts payable (trade) |
24.087.000,- |
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Current liabilities to credit institutions |
2.000,- |
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Income and social tax liabilities |
4.000,- |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2005 in EUR |
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Total operating income/revenue |
48.964.000,- |
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Main revenue (sales/turnover) |
48.964.000,- |
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Total operating expenses |
-48.927.000,- |
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Cost of materials (type of expenditure format) |
47.938.000,- |
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Cost of goods sold (operational format) |
48.927.000,- |
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Gross profit or loss after cost of materials or after cost of goods
sold |
37.000,- |
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Depreciation |
2.000,- |
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Operating profit or loss |
37.000,- |
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Financial expenses |
-46.000,- |
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Result of ordinary operations |
-9.000,- |
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Extraordinary result |
-9.000,- |
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Taxes |
-1.000,- |
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Net profit or loss |
-10.000,- |
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Borrowing ratio |
29207,87 % |
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Current ratio |
100,28 % |
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Profit margin. |
0,37 % |
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Quick ratio |
27,79 % |
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Return on assets |
0,70 % |
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Return on equity. |
-11,23 % |
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Solidity or equity ratio |
0,34 % |
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Turnover for the period: 00 0000 - 30 June 2004 in
EUR 17.086.711,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 30 June
2004 in EUR |
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Total assets incl. prepaid expenses and accrued income |
11.600.848,- |
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Total fixed assets |
1.148,- |
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Total tangible fixed assets |
1.148,- |
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Total Current assets |
11.599.700,- |
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Inventories and work in progress (incl. prepayments) |
4.165.321,- |
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Accounts receivable (trade) |
6.968.051,- |
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Cash in hand and at bank |
466.328,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
11.600.848,- |
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Total equity (Shareholders' funds) |
99.049,- |
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Issued (subscribed) capital |
20.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried forward |
77.049,- |
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Total liabilities |
11.501.799,- |
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Total current liabilities |
11.501.799,- |
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Current accounts payable (trade) |
9.820.450,- |
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Current liabilities to credit institutions |
20.727,- |
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Income and social tax liabilities |
7.034,- |
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Corporate profit and loss account for the year: 00 0000 - 30 June
2004 in EUR |
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Main revenue (sales/turnover) |
17.086.711,- |
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Cost of goods sold (operational format) |
655,- |
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Gross profit or loss after cost of materials or after cost of goods
sold |
17.086.056,- |
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Depreciation |
383,- |
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Operating profit or loss |
85.903,- |
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Financial income |
271,- |
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Financial expenses |
-14.260,- |
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Result of ordinary operations |
71.914,- |
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Extraordinary result |
71.914,- |
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Taxes |
-25.134,- |
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Net profit or loss |
46.780,- |
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Borrowing ratio |
11612,23 % |
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Current ratio |
100,85 % |
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Profit margin. |
0,50 % |
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Quick ratio |
64,63 % |
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Return on assets |
0,74 % |
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Return on equity. |
47,22 % |
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Solidity or equity ratio |
0,85 % |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)