MIRA
INFORM REPORT
|
Report Date : |
7th March, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
MARROQUINERIA VLADY S.L. |
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|
|
|
Registered Office : |
Pol.Ind.El Salvador, 30400 Caravaca De La Cruz (Murcia) |
|
|
|
|
Country : |
Spain |
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|
|
|
Financials (as on) : |
31.12.2002 |
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|
|
|
Date of Incorporation : |
02.10.2001 |
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|
|
|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Wholesale of clothing and footwear. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Identification and
Characteristics
Tax Number B73151029
NAME MARROQUINERIA
VLADY S.L.
TRADE NAME THE
TRUE BAG COMPANY
BUSINESS ADDRESS POL.IND.EL
SALVADOR
Postcode 30400
CARAVACA DE LA CRUZ (MURCIA)
FORMER ADDRESS CARRETERA
GRANADA KM 55
Postcode 30400
CARAVACA DE LA CRUZ (MURCIA)
TELEPHONE 968703036
FAX 968701071
LEGAL FORM LIMITED
LIABILITY COMPANY
DATE FOUNDED 02/10/2001
CAPITAL 6.010,12 Euros
NUMBER OF EMPLOYEES 5
ACTIVITY 1613400 - Wholesale
of footwear, furrier , etc.
CNAE 5142 - Wholesale
of clothing and footwear
* Characteristics
of the main address
According to our
investigations dated 06/03/2007 these premises are used
as store located in a main .
Synthesis
INCIDENTS
COMMITMENTS Respected
INCIDENTS None
or Negligible
PREVIOUS
EXPERIENCE
PREVIOUS EXPERIENCE Calls
for certain reserves
Credit Appraisal
CREDIT ACCORDING
TO OBJECTIVE DATA (From 0 to 6.000.000,00 Euros):
FAVOURABLE
TOWARDS 1.202,02 Max.
Financial Elements
Figures given in Euros
|
|
Balance
sheet 2.001 (3) |
Balance
sheet 2.002 (12) |
|
SALES |
100.484,71 |
1.117.029,25 |
|
ADDED VALUE |
-38.432,81 |
40.427,22 |
|
BUSINESS RESULT |
-28.512,21 |
28.324,68 |
|
OWN FUNDS |
-22.502,09 |
5.822,58 |
|
DEBT |
657.452,53 |
629.955,80 |
|
TOTAL ASSET |
634.950,44 |
635.778,38 |
THE FIGURES FOR
THE LAST BALANCE SHEET ARE RELEVANT:
SOURCE: FROM
THE MERCANTILE REGISTER
DATE: 13/02/2004
Results Distribution
Annual Report Year
Source: 2.002
Figures given in
Euros
Distribution Base
Profit
and Loss 28.325
Total
of Amounts to be distributed 28.325
Distribution a
Prior
years losses 28.325
Comparative Sector Analysis
|
|
Company |
Sector |
Difference |
|
|
(2.002)
|
|
|
|
% of PRODUCTION VALUE |
|
|
|
|
SALES |
100,00 |
99,00 |
1,00 |
|
ADDED
VALUE |
3,62 |
19,09 |
-15,47 |
|
BUSINESS
RESULT |
2,54 |
2,31 |
0,23 |
|
% OF TOTAL ASSETS |
|
|
|
|
OWN FUNDS |
0,92 |
34,76 |
-33,84 |
|
DEBT |
99,08 |
65,24 |
33,84 |
Compared sector (CNAE): 514 - Comercio al
por mayor de productos de consumo, distinto de los alimenticios
Number of companies: 3.218
Size (Sales Figure): 0 - 2.800.000,00 Euros
The turnover of the company is 1,00%
above the mean for the sector.
The company’s added value was 3,62% s/
the production value, and 15,47% below the mean for the sector.
The company’s business result was
2,54% of the PV, 0,23% above the mean for the sector.
The company’s own resources are 0,92%
, 33,84% below the mean for the sector.
The company’s outside resources are
99,08% , 33,84% above the mean for the sector.
Legal Actions
No legal
incidences registered for this company in the official source
No claims
registered for this company in the official sources
AFFECTED BY:
No significant elemento
Main Board members, Directors and
Auditor
|
Position |
Surname and name |
Date of
appointment |
|
ADMINISTRATOR |
MARIN PEREZ JUAN RAMON |
19/11/2001 |
|
ADMINISTRATOR |
MARIN LAG JOSE MANUEL |
19/11/2001 |
|
ADMINISTRATOR |
MARIN LAG LAURA PILAR |
19/11/2001 |
Financial Links
|
Shareholders |
||||
|
Company Name |
|
|
Source |
Information Date |
|
MARIN LAG JOSE MANUEL |
|
Major. |
OWN SOURCES |
06/03/2007 |
|
MARIN LAG LAURA PILAR |
|
Indet. |
OWN SOURCES |
06/03/2007 |
|
MARIN PEREZ JUAN RAMON |
|
Indet. |
OWN SOURCES |
06/03/2007 |
Proceedings published in the B.O.R.M.E.
(Official Mercantile Register Gazette)
|
Proceedings |
Date |
Notice Num. |
Mercantile Reg. |
|
Change of adress |
11/06/2004 |
268173 |
MURCIA |
|
Registration of accounts
(2002) |
05/11/2003 |
788831 |
MURCIA |
|
Registration of accounts
(2001) |
14/10/2002 |
588010 |
MURCIA |
|
Establishment |
19/11/2001 |
419836 |
MURCIA |
|
Appointments |
19/11/2001 |
419836 |
MURCIA |
Remarks for customer
The address included in your enquiry (Ctra.de
Granada 55 30400 CARAVACA DE LA CRUZ) belongs to a previous address.
Brands, Signs and Commercial
Names
|
Prevailing Brands |
|||||
|
Name: |
THE TRUE BAG COMPANY |
||||
|
Kind of Brand: |
JOINT |
File: |
M2644172 |
||
|
Request Date: |
31/03/2005 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 18
|
|
||||
|
Name: |
VLADY |
||||
|
Kind of Brand: |
JOINT |
File: |
M2564049 |
||
|
Request Date: |
27/10/2003 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 18
|
|
||||
|
Name: |
NA NIEVES ARCE |
||||
|
Kind of Brand: |
JOINT |
File: |
M2432388 |
||
|
Request Date: |
23/10/2001 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 18
|
|
||||
|
Prevailing Commercial
Names |
|||||
|
Name: |
THE TRUE BAG COMPANY |
||||
|
Kind of Brand: |
JOINT |
File: |
N260876 |
||
|
Request Date: |
31/03/2005 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
CONCESSION WITH
MODIFICATIONS |
|
Types: 35
|
|
||||
|
Name: |
NE VLADY |
||||
|
Kind of Brand: |
JOINT |
File: |
N250541 |
||
|
Request Date: |
01/10/2002 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 18
|
|
||||
Total Marcas: 5
Branches
|
Road |
Postal Code |
Town |
Province |
|
IND EL SALVADOR |
30400 |
CARAVACA DE LA
CRUZ |
MURCIA |
Bank Entities
|
Entity |
|
|
Town |
|
|
CAJA DE AHORROS DE MURCIA |
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|
CARAVACA DE LA
CRUZ |
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BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
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|
BANCO ESPAŃOL DE CREDITO, S.A. |
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BANCO SANTANDER CENTRAL HISPANO, S.A. |
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The information on the last account contained
in this report is extracted from the Mercantile Register file of the legal
address of the Company and dated 13/02/2004
Balance Sheet (ASSETS)
|
(Figures given in Euros) |
31/12/2001 (3)
|
31/12/2002 (12)
|
|
|
|
A) DUE FROM SHAREHOLDERS FOR UNCALLED
CAPITAL |
|
|
|
|
B) FIXED ASSETS |
1.250,28 |
7.423,11 |
|
|
I. Establishment expenses |
|
|
|
|
II. Intangible assets |
|
4.475,89 |
|
|
III. Tangible assets |
1.250,28 |
2.107,22 |
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|
IV. Financial assets |
|
840,00 |
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V. Owners equity |
|
|
|
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VI. Long term trade liabilities |
|
|
|
|
C) DEFERRED EXPENSES |
|
|
|
|
D) CURRENT ASSETS |
633.700,16 |
628.355,27 |
|
|
I. Not paid in shareholder capital |
|
|
|
|
II. Inventory |
371.587,30 |
436.488,32 |
|
|
III. Debtors |
168.926,97 |
188.136,74 |
|
|
IV. Short term financial assets |
|
|
|
|
V. Short term owners equity |
|
3.730,21 |
|
|
VI. Cash |
93.185,89 |
|
|
|
VII. Prepaid expenses and accrued income |
|
|
|
|
ASSETS (A + B + C + D) |
634.950,44 |
635.778,38 |
Balance Sheet (LIABILITIES)
|
(Figures given in Euros) |
31/12/2001 (3)
|
31/12/2002 (12)
|
|
|
|
A) SHAREHOLDERS EQUITY |
-22.502,09 |
5.822,58 |
|
|
I. Capital |
6.010,12 |
6.010,12 |
|
|
II. Premium share account |
|
|
|
|
III. Revaluation reserve |
|
|
|
|
IV. Reserves |
|
|
|
|
V. Prior year earnings |
|
-28.512,22 |
|
|
VI. Prior year profit or losses |
-28.512,21 |
28.324,68 |
|
|
VII. Dividend paid during the year |
|
|
|
|
VIII. Own shares for change in capital |
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|
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B) DEFERRED INCOME |
|
|
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C) PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
|
|
D) LONG TERM LIABILITIES |
|
|
|
|
E) SHORT TERM LIABILITIES |
657.452,53 |
629.955,80 |
|
|
F) SHORT TERM PROVISIONS FOR LIABILITIES
AND EXPENSES |
|
|
|
|
LIABILITIES (A + B + C + D + E + F) |
634.950,44 |
635.778,38 |
Profit and Loss Account
|
(Figures given in Euros) |
31/12/2001 (3)
|
31/12/2002 (12)
|
|
|
|
A) EXPENSES (A.1 a A.15) |
|
|
|
|
A.1 Operating Expenses |
125.198,72 |
886.160,05 |
|
|
A.3. Labor cost |
5.416,10 |
43.353,35 |
|
|
Wages |
5.067,18 |
38.956,19 |
|
|
Social security expenses |
348,92 |
4.397,16 |
|
|
A.3. Assets depreciation |
|
682,81 |
|
|
A.4. Variance in provision for current
assets |
|
|
|
|
A.5. Other operating costs |
13.718,80 |
190.441,98 |
|
|
A.I. OPERATING RESULT
(B.1-A.1-A.2-A.3-A.4-A.5) |
|
|
|
|
A.6. Financial expenses |
16,03 |
11.141,56 |
|
|
Debts with related companies |
|
11.141,56 |
|
|
Other companies debts |
16,03 |
|
|
|
A.7. Variation in financial investments
provision |
|
|
|
|
A.8. Exchange losses |
|
1.849,70 |
|
|
A.II. POSITIVE FINANCIAL RESULTS (B.2+B.3-A.6-A.7-A.8) |
|
31.639,43 |
|
|
A.III. PROFIT FROM ORDINARY ACTIVITIES
(A.I+A.II-B.I-B.II) |
|
28.030,49 |
|
|
A.9. Variation in provision in fixed
assets |
|
|
|
|
A.10. Losses in fixed assets |
|
|
|
|
A.11. Losses from shares and bonds |
|
|
|
|
A.12. Extraordinary charges |
|
|
|
|
A.13. Prior year’s expenses and losses |
|
|
|
|
A.IV. POSITIVE EXTRAORDINARY RESULT
(B.4+B.5+B.6+B.7+B.8-A.9-A.10-A.11-A.12-A.13) |
|
294,19 |
|
|
A.V. EARNINGS / LOSS BEFORE TAXES
(A.III+A.IV-B.III-B.IV) |
|
28.324,68 |
|
|
A.14. Corporate Taxes |
-15.352,73 |
|
|
|
A.15. Other taxes |
|
|
|
|
A.VI. YEAR END RESULT (PROFIT)
(A.V-A.14-A.15) |
|
28.324,68 |
|
|
B) INCOMES (B.1 a B.8) |
|
|
|
|
B.1. Operating income |
100.484,71 |
1.117.029,25 |
|
|
Turnover |
100.484,71 |
1.117.029,25 |
|
|
B.I. OPERATING LOSSES
(A.1+A.2+A.3+A.4+A.5-B.1) |
43.848,91 |
3.608,94 |
|
|
B.2. Financial Income |
|
21,13 |
|
|
In affiliated companies |
|
20,70 |
|
|
Other |
|
0,43 |
|
|
B.3. Gains on exchange |
|
44.609,56 |
|
|
B.II. FINANCIAL LOSSES
(A.6+A.7+A.8-B.2-B.3) |
16,03 |
|
|
|
B.III. LOSSES FROM ORDINARY ACTIVITIES
(B.I+B.II-A.I-A.II) |
43.864,94 |
|
|
|
B.4. Gains from disposal of fixed assets |
|
|
|
|
B.5. Gains from dealing in own shares |
|
|
|
|
B.6. Paid in surplus |
|
|
|
|
B.7. Extraordinary income |
|
294,19 |
|
|
B.8. Prior year’s income and profits |
|
|
|
|
B.IV. EXTRAORDINARY LOSSES
(A.9+A.10+A.11+A.12+A.13-B.4-B.5-B.6-B.7-B.8) |
|
|
|
|
B.V. LOSS BEFORE TAXES
(B.III+B.IV-A.III-A.IV) |
43.864,94 |
|
|
|
B.VI. NET LOSS (B.V+A.14+A.15) |
28.512,21 |
|
Main Ratios
|
(Figures given in Euros) |
2.001 (3) |
2.002 (12) |
|
|
|
ACTIVITY |
|
|
|
|
Increase of the Sales Figures |
|
|
|
|
Assets Turnover |
0,16 |
1,76 |
|
|
Productivity |
-7,10 |
0,93 |
|
|
Increase of the Added Value |
|
|
|
|
PROFITABILITY |
|
|
|
|
Economic Profitability |
-4,49 |
4,46 |
|
|
Financial Profitability |
126,71 |
486,46 |
|
|
Financial Expenses |
0,02 |
1,00 |
|
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
Customers’ Credit (In days of sales) |
605,00 |
61,00 |
|
|
Suppliers’ Credit (In days of sales) |
|
|
|
|
Working Capital (In days of sales) |
0,00 |
0,00 |
|
|
Working Capital Requirement (In days of
sales) |
0,00 |
0,00 |
|
|
Treasury (In days of sales) |
334,00 |
|
|
|
BALANCE |
|
|
|
|
Working Capital |
-23.752,37 |
-1.600,53 |
|
|
Working Capital Requirement |
-116.938,26 |
-1.600,53 |
|
|
Treasury |
93.185,89 |
|
|
|
Balance Ratio |
-18,00 |
0,78 |
|
|
SOLVENCY |
|
|
|
|
Borrowing Ratio |
103,54 |
99,08 |
|
|
Own / Permanent Funds |
100,00 |
100,00 |
|
|
Payback Capacity |
6,54 |
0,56 |
|
|
LIQUIDITY |
|
|
|
|
General Liquidity |
0,96 |
1,00 |
|
|
Immediate Liquidity |
0,14 |
|
Sectorial Analysis
Summary of Assets, Liability
& Equity
|
(Figures given in Percentages) |
Company |
Sector |
Company |
|
|
2.002 |
|
|
|
Assets |
|||
|
DUE FROM SHAREHOLDERS
FOR UNCALLED CAPITAL |
0,00 |
0,08 |
-0,08 |
|
FIXED ASSETS |
1,17 |
25,16 |
-23,99 |
|
ACCRUED EXPENSES |
0,00 |
0,37 |
-0,37 |
|
CURRENT ASSETS |
98,83 |
74,38 |
24,45 |
|
TOTAL ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS EQUITY |
0,92 |
34,76 |
-33,84 |
|
ACCRUED INCOME |
0,00 |
0,09 |
-0,09 |
|
RISK AND EXPENDITURE
COVER |
0,00 |
0,05 |
-0,05 |
|
LONG-TERM CREDITORS |
0,00 |
11,60 |
-11,60 |
|
SHORT-TERM CREDITORS |
99,08 |
53,48 |
45,60 |
|
SHORT-TERM RISK AND
EXPENDITURE COVER |
0,00 |
0,02 |
-0,02 |
|
TOTAL LIABILITIES |
100,00 |
100,00 |
0,00 |
Analytical Account of Results
|
(Figures given in Percentages) |
Company |
Sector |
Company |
|
|
2.002 |
|
|
|
Net turnover |
100,00 |
99,00 |
1,00 |
|
Other operating income |
0,00 |
1,00 |
-1,00 |
|
Production Value |
100,00 |
100,00 |
0,00 |
|
Operating expenses |
79,33 |
69,22 |
10,11 |
|
Other operation expenses |
17,05 |
11,69 |
5,36 |
|
Added value |
3,62 |
19,09 |
-15,47 |
|
Labor cost |
3,88 |
13,51 |
-9,63 |
|
Gross Economic Result |
-0,26 |
5,58 |
-5,85 |
|
Assets depreciation |
0,06 |
1,36 |
-1,30 |
|
Variation in provision
for current assets |
0,00 |
0,20 |
-0,20 |
|
Net Economic Result |
-0,32 |
4,02 |
-4,35 |
|
Financial income |
4,00 |
0,35 |
3,65 |
|
Financial expenses |
1,16 |
1,34 |
-0,18 |
|
Variation in financial
investment provision |
0,00 |
-0,00 |
0,00 |
|
Ordinary Activities
Result |
2,51 |
3,03 |
-0,52 |
|
Extraordinary income |
0,03 |
0,38 |
-0,36 |
|
Extraordinary expenses |
0,00 |
0,17 |
-0,17 |
|
Variation in provision
in fixed assets |
0,00 |
0,01 |
-0,01 |
|
Results before Taxes |
2,54 |
3,23 |
-0,70 |
|
Corporaye taxes |
0,00 |
0,93 |
-0,93 |
|
Net Result |
2,54 |
2,31 |
0,23 |
|
Assets depreciation |
0,06 |
1,36 |
-1,30 |
|
Provisions fund
variation |
0,00 |
0,20 |
-0,20 |
|
Net Self-Financing |
2,60 |
3,87 |
-1,28 |
Ratios
|
(Figures given in ) |
Company |
Ptile25 |
Medium |
Ptile75 |
|
|
2.002 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales
Figures |
|
-8,49 |
2,55 |
13,08 |
|
Assets Turnover |
1,76 |
1,12 |
1,65 |
2,29 |
|
Fixed Assets Turnover |
150,48 |
4,25 |
10,94 |
28,11 |
|
Increase of the Added
Value |
|
-7,36 |
3,23 |
15,72 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
0,93 |
1,18 |
1,35 |
1,65 |
|
Change of Personnel
Costs |
|
-0,57 |
6,83 |
18,18 |
|
Average Personnel Costs |
14.451,12 |
14.323,15 |
18.665,09 |
25.219,39 |
|
Value Added by Employees |
13.475,74 |
19.433,43 |
26.374,99 |
38.146,13 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
29.007,49 |
8.764,47 |
21.001,25 |
45.409,88 |
|
Operating Cash Flow |
-2.926,13 |
12.717,75 |
31.620,79 |
67.999,05 |
|
Change in Cash Flow |
|
-29,49 |
-3,93 |
20,22 |
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
4,46 |
0,91 |
2,34 |
5,18 |
|
Financial Profitability |
486,46 |
3,93 |
9,69 |
18,58 |
|
Financial Expenses |
1,00 |
0,23 |
0,83 |
1,81 |
|
Gross Economic
Profitability |
-0,46 |
4,38 |
7,67 |
12,21 |
|
Gross Financial
Profitability |
-50,26 |
14,72 |
29,75 |
54,16 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In
days of sales) |
60,00 |
27,84 |
63,65 |
103,75 |
|
Suppliers’ Credit (In
days of sales) |
|
0,00 |
0,00 |
0,00 |
|
Working Capital (In days
of sales) |
0,00 |
10,14 |
36,71 |
82,43 |
|
Working Capital Requirement
(In days of sales) |
0,00 |
-15,94 |
12,26 |
50,95 |
|
Treasury (In days of
sales) |
|
5,75 |
18,81 |
44,71 |
|
Operating Current Assets |
202,00 |
117,80 |
166,02 |
238,23 |
|
BALANCE |
|
|
|
|
|
Working Capital |
-1.600,53 |
12.780,83 |
63.242,83 |
177.900,13 |
|
Working Capital
Requirement |
-1.600,53 |
-21.335,11 |
18.611,73 |
102.587,82 |
|
Treasury |
|
7.968,92 |
31.140,08 |
88.477,27 |
|
Balance Ratio |
0,78 |
1,23 |
2,20 |
5,17 |
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
99,08 |
52,37 |
72,58 |
85,37 |
|
Own / Permanent Funds |
100,00 |
58,54 |
91,21 |
100,00 |
|
Payback Capacity |
0,56 |
0,25 |
0,39 |
0,60 |
|
Long term Indebtedness |
|
0,00 |
2,81 |
16,25 |
|
Gearing |
10.919,19 |
209,95 |
364,68 |
683,32 |
|
Financing Basic Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets Guarantee |
1,01 |
1,14 |
1,34 |
1,87 |
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,00 |
1,07 |
1,30 |
1,85 |
|
Immediate Liquidity |
|
0,04 |
0,16 |
0,44 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)