MIRA INFORM REPORT

Report Date :

19.03.2008

IDENTIFICATION DETAILS

Name :	AGARWAL COAL CORPORATION (S) PTE LTD

Registered Office :	^{101 Cecil Street} ^#23-05 ^{Tong Eng Building}

Country :	Singapore

Financials (as on) :	31.03.2007

Date of Incorporation :	^25.05.2005

Com. Reg. No.:	^200507123D

Legal Form :	^{Pte Ltd}

Line of Business :	General Trading

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Regular

Litigation :	Clear

Subject Company

AGARWAL COAL CORPORATION (S) PTE LTD

Line Of Business

GENERAL TRADING

Parent Company

N.A.

Financial Elements

FY 2007

COMPANY

Sales : US$5,111,243

Networth : US$ 645,347

Paid-Up Capital : US$ 498,965

Net result : US$ 148,940

Net Margin(%) : 2.91

Return on Equity(%) : 23.08

Leverage Ratio : 9.60

COMPANY IDENTIFICATION

^{Subject Company : AGARWAL COAL CORPORATION (S)
PTE. LTD.}

^{Former Name :
-}

^{Business Address : 101 CECIL STREET}

^#23-05

^{TONG ENG BUILDING}

^{Town :
SINGAPORE}

^{Postcode :
069533}

^{County :
-}

^{Country :
Singapore}

^{Telephone : Not Listed}

^{Fax :
Not Listed}

^{ROC Number :
200507123D}

^{Reg. Town :
-}

SUMMARY

^{Legal Form : Pte Ltd}

^{Date Inc. : 25/05/2005}

^{Previous Legal Form : -}

^{Summary year :
31/03/2007}

^{Sales :
5,111,243}

^{Networth :
645,347}

^{Capital :
-}

^{Paid-Up Capital :
498,965}

^{Employees : -}

^{Net result :
148,940}

^{Share value : 1}

^{Auditor :
CASEY LIN & COMPANY}

REFERENCES

^{Litigation : No}

^{Company status : TRADING}

^{Started :
25/05/2005}

PRINCIPAL(S)

^{SRI MURALI S/O
SINNOTHEI S1331899I Director}

DIRECTOR(S)

^{VINOD KUMAR AGARWAL B5555145 Director}

^{Appointed on : 25/05/2005}

^{Street : 2 CHAMELI PARK, NT.
GOYAL NAGAR}

^{RING ROAD, INDORE-452018, M.P.}

^{Town :}

^{Postcode :}

^{Country :
India}

^{SRI MURALI S/O
SINNOTHEI S1331899I Director}

^{Appointed on : 25/05/2005}

^{Street :
39 CORONATION ROAD}

^{Town :
SINGAPORE}

^{Postcode : 269450}

^{Country :
Singapore}

^{SRI MURALI S/O
SINNOTHEI S1331899I Company Secretary}

^{Appointed on : 25/05/2005}

^{Street :
39 CORONATION ROAD}

^{Town :
SINGAPORE}

^{Postcode : 269450}

^{Country :
Singapore}

ACTIVITY(IES)

^{IMPORTERS And
EXPORTERS
Code: 11760}

^{BASED ON ACRA'S RECORD}

^{1) GENERAL WHOLESALE
TRADE (INCLUDING GENERAL IMPORTERS & EXPORTERS)}

CHARGES

^{Date :
20/11/2007}

^{Comments : CHARGE NO: C200710139}

^{AMOUNT SECURED: 0.00 AND
ALL MONIES OWING}

^{CHARGEE(S): UCO BANK}

PREMISES/PROPERTY INFORMATIONS

No Premises/Property Information In Our Databases

BANKERS

^{UCO BANK}

SHAREHOLDERS(S)

^{AGARWAL COAL CORPORATION
PRIVATE 380,344 Company}

^{Street : MATRA
KRIPA, 2 CHAMELI PARK}

^{NEAR GOYAL NAGAR, RING ROAD}

^{INDORE-452001, (M.P.)}

^{Town :}

^{Postcode :}

^{Country : India}

^{EAGLE FUEL PRIVATE
LIMITED
207,905 Company}

^{Street : AGARWAL
HOUSE, 2ND FLOOR}

^{5 YESHWANT COLONY}

^{INDORE-452003, (M.P.)}

^{Town :}

^{Postcode :}

^{Country : India}

^{CHAMAK TREXIM PVT.
LTD.
184,804 Company}

^{Street : 64-B,
B.K. PAUL AVENUE}

^{KOLKATA - 700 005}

^{Town : WEST NEGAL}

^{Postcode :}

^{Country : India}

SUBSIDIARY(IES)

No Participation In Our Database

PAYMENT HISTORY AND EXPERIENCES

^{Trade Morality :
AVERAGE}

^{Liquidity : SUFFICIENT}

^{Payments : REGULAR}

^{Trend :
UPWARD}

^{Financial Situation : AVERAGE}

FINANCIAL ELEMENTS

^{All amounts in this
report are in: USD}

^{Audit
Qualification: UNQUALIFIED
(CLEAN) UNQUALIFIED (CLEAN)}

^{Date Account
Lodged: 07/07/2007}

^{Balance Sheet
Date: 31/03/2007 31/03/2006}

^{Number of
weeks: 52 52}

^{Consolidation
Code: COMPANY COMPANY}

^{--- ASSETS ---}

^{Inventories: 2,311,975}

^{Receivables: 2,490,942}

^{Cash,Banks,
Securitis: 2,034,969 1,045}

^{Total Current Assets:
6,837,886
1,045}

^{TOTAL ASSETS:
6,837,886
1,045}

^{--- LIABILITIES ---}

^{Equity capital: 498,965 1}

^{Profit &
lost Account: 146,382 -2,558}

^{Total Equity:
645,347
-2,557}

^{Trade
Creditors:
5,866,803 1,605}

^{Prepay. & Def.
charges: 26,358}

^{Provisions: 14,404}

^{Other Short term
Liab.: 284,974 1,997}

^{Total short term Liab.:
6,192,539
3,602}

^{TOTAL LIABILITIES:
6,192,539
3,602}

^{--- PROFIT &
LOSS ACCOUNT ---}

^{Net Sales 5,111,243}

^{Purchases,Sces &
Other Goods: 4,894,768}

^{Gross Profit: 216,475}

^{NET RESULT BEFORE
TAX: 163,344 -2,558}

^{Tax : 14,404}

^{Net income/loss
year: 148,940 -2,558}

^{Interest Paid: 24,027}

^{Directors
Emoluments: 654}

RATIOS

^{31/03/2007 31/03/2006}

^{Net result /
Turnover(%): 0.03 0.03}

^{Stock /
Turnover(%): 0.45 0.45}

^{Net Margin(%): 2.91 2.91}

^{Return on
Equity(%): 23.08 100.04}

^{Return on
Assets(%): 2.18 -244.78}

^{Net Working
capital: 645347.00 -2557.00}

^{Cash Ratio: 0.33 0.29}

^{Quick Ratio: 0.73 0.29}

^{Current ratio: 1.10 0.29}

^{Receivables
Turnover: 175.44 175.44}

^{Leverage Ratio: 9.60 -1}^.41

^{Net Margin :
(100*Net income loss year)/Net sales}

^{Return on Equity : (100*Net income loss
year)/Total equity}

^{Return on Assets : (100*Net income loss year)/Total
fixed assets}

^{Net Working capital : (Total current assets/Total short
term liabilities)/1000}

^{Cash Ratio :
Cash Bank securities/Total short term liabilities}

^{Quick Ratio :
(Cash Bank securities+Receivables)/Total Short term liabilities}

^{Current ratio :
Total current assets/Total short term liabilities}

^{Inventory Turnover : (360*Inventories)/Net sales}

^{Receivables Turnover : (Receivable*360)/Net sales}

^{Leverage Ratio : Total liabilities/(Total
equity-Intangible assets)}

FINANCIAL COMMENTS

^{THE FINANCIAL CONDITION
OF THE COMPANY WAS SEEN TO BE LIMITED TO FAIR}

^{IN VIEW OF THE
FOLLOWING:}

^{NET WORTH:}

^{THE BALANCE SHEET WAS PASSABLE WITH NET WORTH
IMPROVED BY 253.38 TIMES} ^{FROM US$-2,557 IN 2006 TO US$645,347 IN 2007. THIS WAS DUE TO
HIGHER} ^{RETAINED EARNINGS OF US$146,382 (2006: US$-2,558); A RISE OF
58.23} ^{TIMES FROM THE PRIOR YEAR.}

^LEVERAGE:

^{IN THE SHORT TERM, SUBJECT WAS LARGELY
FINANCED BY TRADE CREDITORS} ^{WHICH MADE UP 3654.33 TIMES (2006: 44.56%) OF THE TOTAL CURRENT} ^{LIABILITIES AND AMOUNTED TO US$5,866,803 (2006: US$1,605). THE}

^{BREAKDOWN IS AS FOLLOWS:}

^{* BILLS PAYABLE - 2007: US$3,907,079 (2006: NIL)}

^{* TRADE PAYABLES - 2007:
US$1,959,724 (2006: US$1,605)}

^{IN ALL, LEVERAGE RATIO
ROSE FROM -1.41 TIMES TO 9.60 TIMES AS A RESULT} ^{OF A GREATER RISE IN TOTAL LIABILITIES
TO TOTAL EQUITY.}

^LIQUIDITY:

^{IN GENERAL, SUBJECT'S LIQUIDITY SITUATION WAS
PASSABLE AS SEEN FROM} ^{THE RISE IN NET WORKING CAPITAL AND LIQUIDITY RATIOS. CURRENT
RATIO} ^{ROSE TO 1.10 TIMES, UP FROM 0.29 TIMES AND QUICK RATIO
IMPROVED TO} ^{0.73 TIMES, FROM 0.29 TIMES. SIMILARLY, NET WORKING
CAPITAL IMPROVED} ^{BY 253.38 TIMES FROM US$-2,557 IN 2006 TO
US$645,347 IN 2007.}

^{PROFITABILITY:}

^{REVENUE WAS RECORDED AT US$5,111,243 (2006:
NIL) AND NET PROFIT ROSE} ^{BY 59.23% TO US$148,940 (2006: US$-2,558). NET MARGIN REMAINED AT} ^{2.91% FOR BOTH YEARS.}

^{DEBT SERVICING:}

^{DEBT SERVICING PROBLEMS MIGHT NOT BE EXPECTED
IF REVENUE AND EARNINGS} ^{CAN BE MAINTAINED AND PAYMENT BY TRADE DEBTORS ARE FORTHCOMING. IN} ^{ADDITION, ITS INTEREST COVERAGE WAS HEALTHY CONSIDERING THAT ITS} ^{INTEREST
EXPENSES WERE LOW AT US$24,027 (2006: NIL).}

BACKGROUND/OPERATION

^{THE COMPANY WAS INCORPORATED IN THE REPUBLIC
OF SINGAPORE ON} ^{25/05/2005
AS A LIMITED PRIVATE COMPANY AND IS TRADING UNDER ITS} ^{PRESENT
NAMESTYLE AS "AGARWAL COAL CORPORATION (S) PTE. LTD.".}

^{THE COMPANY HAS AN ISSUED AND PAID-UP CAPITAL
OF} ^{773,053
SHARES, OF A VALUE OF S$773,053.}

^{PRINCIPAL ACTIVITIES:}

^{SUBJECT IS REGISTERED WITH THE ACCOUNTING AND
CORPORATE REGULATORY} ^{AUTHORITY (ACRA) BE PRINCIPALLY ENGAGED IN THE BUSINESS OF:}

^{1) GENERAL WHOLESALE TRADE (INCLUDING GENERAL
IMPORTERS & EXPORTERS)}

^{DURING THE FINANCIAL YEAR(S), UNDER REVIEW,
SUBJECT'S PRINCIPAL} ^{ACTIVITIES ARE THAT OF GENERAL TRADING.}

^{FROM THE RESEARCH DONE, SUBJECT WAS NOT
LISTED ON ANY ONLINE} ^{DIRECTORIES AND WEBSITE. A SEARCH FOR LOCAL DIRECTOR, SRI MURALI
S/O} ^{SINNOTHEI RENGANATHAN'S RESIDENTIAL NUMBER WAS UNSUCCESSFUL. AS
SUCH,} ^{NO OTHER TRADE INFORMATION WAS AVAILABLE}

^{REGISTERED AND BUSINESS
ADDRESS:}

^{101 CECIL STREET}

^#23-05

^{TONG ENG BUILDING}

^{SINGAPORE 069533}

^{DATE OF CHANGE OF
ADDRESS: 25/05/2005}

^{- RENTED PREMISE}

^{- PREMISE OWNED BY: MR R
SRI MURALI (DIRECTOR)}

^{WEBSITE : -}

^{EMAIL :
-}

MANAGEMENT

^{THE DIRECTORS AT TIME OF
THIS REPORT ARE:}

^{1) VINOD KUMAR AGARWAL,
AN INDIAN}

^{- BASED IN INDIA.}

^{2) SRI MURALI S/O
SINNOTHEI RENGANATHAN, A SINGAPOREAN}

^{- HOLDS OTHER
DIRECTORSHIP(S) AS RECORDED IN OUR DATABASE:}

^{K N RESOURCES
(SINGAPORE) PTE LTD}

^{KEJRIWAL INTERNATIONAL
PTE. LTD.}

^{UNITED RAW MATERIALS PTE
LTD}

SINGAPORE’S COUNTRY RATING 2007

^{INVESTMENT GRADE}

^{IN SINGAPORE, THE
POLITICAL SITUATION REMAINS STABLE.}

^{SINGAPORE BOASTS THE BEST GOVERNANCE IN ASIA,
WITH AN EFFECTIVE LEGAL SYSTEM} ^{FACILITATING DEBT COLLECTION AND TO A HIGH DEGREE OF FINANCIAL
TRANSPARENCY.}

^{EXTERNAL ACCOUNTS HAVE REMAINED SUBSTANTIALLY
IN SURPLUS, CONTRIBUTED TO THE} ^{DYNAMISM OF THE ELECTRONICS AND PHARMACEUTICALS SECTORS AND TO
REPATRIATION OF} ^{PROFITS FROM SINGAPORE INVESTMENTS. THE FINANCIAL
AND TOURISM SECTORS HAVE ALSO} ^{CONTRIBUTED TO THE LARGE CURRENT
ACCOUNT SURPLUS.}

^{SINGAPORE CONTINUES TO KEENLY WELCOME FOREIGN
INVESTMENT AND OFFERS A VERY OPEN} ^{AND WELL-PLANNED ECONOMIC AND POLITICAL ENVIRONMENT. IT HAS BEEN
IMPLEMENTING} ^{AMBITIOUS DIVERSIFICATION STRATEGY, FOCUSED
PARTICULARLY ON THE CHEMICALS AND} ^{PHARMACEUTICAL SECTORS.}

^{THE GOVERNMENT USES FOREIGN DIRECT INVESTMENT
TO DEVELOP PRIORITY SECTORS} ^{(ELECTRONICS, CHEMICALS, BIOTECHNOLOGY). THE AIM IS TO ENCOURAGE
THE GROWTH OF} ^{HIGH ADDED-VALUE ACTIVITIES AND TURN SINGAPORE INTO A
REGIONAL HUB FOR FOREIGN} ^{INVESTORS INTERESTED IN ASIA.}

^{CERTAIN SECTORS (MEDIA, LEGAL AND FINANCIAL
SERVICES) ARE HOWEVER ONLY PARTIALLY} ^{OPEN TO FOREIGN INVESTMENT. THESE SECTORS ARE SLOWLY OPENING UP,
BUT THE} ^{PROGRESS IS SLOW.} ^{AFTER HIGH GROWTH IN 2006,
BUOYED BY THE DYNAMISM OF BOTH EXPORTS AND HOUSEHOLD} ^{CONSUMPTION, A
SLOWDOWN IS EXPECTED IN 2007.}

^ASSETS

^{" MAJOR EXPORTER OF
CAPITAL IN ASIA, NOTABLY VIA THE STATE-OWNED TEMASEK HOLDING}

^COMPANY.

^{" HIGH QUALITY
COMPETITIVENESS IN ASIA}

^{" EXCELLENT
BUSINESS CLIMATE}

^{" POLITICAL
STABILITY.}

^WEAKNESSES

^{" SKILLED MANPOWER
HAS BEEN LACKING IN THE SECTORS TARGETED FOR DEVELOPMENT.}

^{" AN AGEING
POPULATION COULD, ULTIMATELY, AFFECT ECONOMIC PERFORMANCE.}

^{" GROWING
INEQUALITY AND THE EMERGENCE OF LONG-TERM UNEMPLOYMENT AMONG THE LEAST}

^{SKILLED COULD GENERATE
SOCIAL TENSIONS.}

^{" BEING THE WORLD'S
MOST OPEN ECONOMY, IT HAS BEEN VULNERABLE TO WORLD ECONOMIC}

^DOWNTURNS.

WHOLESALE AND RETAIL TRADE SECTOR

PAST PERFORMANCE

THE WHOLESALE AND RETAIL TRADE SECTOR GREW BY 6.6% IN 3Q 2007, WEAKER THAN THE 8.4% GROWTH IN 2Q 2007. ALTHOUGH NON-OIL RE-EXPORTS STRENGTHENED IN THE QUARTER, RETAIL SALES RECORDED SLOWER GROWTH.

DOMESTIC WHOLESALE TRADE INDEX

THE OVERALL DOMESTIC WHOLESALE TRADE ROSE BY 4.6% IN 3Q 2007 OVER 3Q 2006.

EXCLUDING PETROLEUM, DOMESTIC SALES GREW BY 7.5%.

THE RISE IN THE OVERALL INDEX WAS MAINLY DUE TO HIGHER SALES OF FOOD, BEVERAGES AND TOBACCO (45.7%), TIMBER, PAINTS AND CONSTRUCTION MATERIALS (23.3%). OTHER WHOLESALE SEGMENTS THAT REPORTED BETTER BUSINESS WERE WHOLESALING OF INDUSTRIAL AND CONSTRUCTION MACHINERY (9.7%) TELECOMMUNICATIONS AND COMPUTERS (8.3%) AND CHEMICALS AND CHEMICAL PRODUCTS (6.8%).

ON THE OTHER HAND, WHOLESALE SEGMENTS THAT REPORTED LOWER SALES WERE ELECTRONIC COMPONENTS (-19.4%), HOUSEHOLD EQUIPMENT AND FURNITURE (-4.4%), SHIP CHANDLERS AND BUNKERING (-3.1%).

AT CONSTANT PRICES, THE OVERALL DOMESTIC WHOLESALE TRADE ROSE BY 4.9% IN 3Q 2007 OVER 3Q 2006. DOMESTIC SALES EXCLUDING PETROLEUM ROSE BY 9.1%.

ON A QUARTER-OVER-QUARTER BASIS, THE OVERALL DOMESTIC WHOLESALE TRADE IN 3Q 2007 ROSE BY 12.2% OVER 2Q 2007. EXCLUDING PETROLEUM, IT GREW BY 8.2%.

THE MAJORTIY OF THE WHOLESALE SECTORS RECORDED HIGHER DOMESTIC SALES IN 3Q 2007 OVER PREVIOUS QUARTER. SHIP CHANDLERS AND BUNKERING EXPANDED BY 27.9%, MAINLY DUE TO HIGHER BUNKER SALES.

THE GENERAL WHOLESALE TRADE SECTOR FELL IN 3Q 2007 AFTER RECORDING STRONG GROWTH IN 2Q 2007.

FOREIGN WHOLESALE TRADE INDEX

THE OVERALL FOREIGN WHOLESALE TRADE FOR 3Q 2007 ROSE BY 4.3%, IN COMPARISON TO 3Q 2006. EXCLUDING PETROLEUM, IT EXPANDED BY 9.0%

MOST OF THE SECTORS REPORTED HIGHER SALES. DOUBLE-DIGIT GROWTH RATES FOR OVERSEAS SALES WERE RECORDED BY FOOD, BEVERAGES AND TOBACCO (51.2%) AND TIMBER, PAINT AND CONSTRUCTION MATERIALS (15.5%). OTHER WHOLESALE SECTORS THAT REGISTERED BETTER BUSINESS IN 3Q 2007 WERE CHEMICALS AND CHEMICAL PRODUCTS (7.6%) AND TELECOMMUNICATIONS AND COMPUTERS (5.0%)

FOREIGN SALES OF SHIP CHANDLERS AND BUNKERING, GENERAL WHOLESALE TRADE, INDUSTRIAL AND CONSTRUCTION MACHINERY AND ELECTRONIC COMPONENTS REGISTERED INCREASES OF 2.6% TO 6.1 %IN 3Q 2007, IN CONTRAST TO THE LOWER SALES IN THE PREVIOUS QUARTER.

AT CONSTANT PRICES, THE OVERALL INDEX ROSE BY 8.0% IN 3Q 2007 OVER 3Q 2006.

EXCLUDING PETROLEUM, FOREIGN WHOLESALE TRADE GREW BY 12.0%.

ON A QUARTER-OVER-QUARTER BASIS, THE OVERALL FOREIGN WHOLESALE TRADE IN 3Q 2007 ROSE BY 4.9% OVER 2Q 2007. EXCLUDING PETROLEUM, IT GREW BY 8.2%.

ALL WHOLESALE SECTORS RECORDED BETTER BUSINESS IN 3Q 2007 WITH THE EXCEPTION OF CHEMICALS AND CHEMICAL PRODUCTS. WHOLESALE TRADE OF FOOD, BEVERAGES AND TOBACCO, AND SHIP CHANDLERS AND BUNKERING BOTH GREW BY 17.1%. WHOLESALE OF ELECTRONIC COMPONENTS ROSE BY 12.5%.

RETAIL TRADE

THE OVERALL RETAIL SALES ROSE BY 1.3%, WEAKER THAN THE 7.9% IN 2Q 2007. MOTOR VEHICLES FELL BY 6.8% COMPARED TO THE 2.4% GROWTH IN 2Q 2007. EXCLUDING MOTOR VEHICLES, RETAIL SALES ROSE BY 5.7%, A DECLINE FROM THE 11.O% IN 2Q 2007.

OUTLOOK

GENERALLY, WHOLESALERS ARE POSITIVE ABOUT THEIR BUSINESS PROSPECTS IN THE COMING MONTHS, WITH A NET WEIGHTED BALANCE OF 24% OF FIRMS EXPRESSING POSITIVE BUSINESS SENTIMENTS. THIS APPLIES PARTICULARLY TO FIRMS IN THE WHOLESALING OF FOOD AND BEVERAGES, WEARING APPAREL AND FOOTWEAR, COSMETICS AND TOILETRIES, AND HOUSEHOLD AND ELECTRICAL APPLIANCES.

AS A RESULT OF YEAR-END FESTIVE SHOPPING, A NET WEIGHTED BALANCE OF 31% OF RETAILERS EXPECTS BUSINESS TO IMPROVE IN THE COMING MONTHS. THE RETAIL SECTORS THAT ARE FORECASTING BETTER BUSINESS INCLUDING DEPARTMENT STORE AND SUPERMARKET OWNERS, WEARING APPAREL AND FOOTWEAR, FURNITURE AND FURNISHINGS, AND JEWELLERY AND WATCHES.

EXTRACTED FROM: MINISTRY OF TRADE AND INDUSTRY

SINGAPORE DEPARTMENT OF STATISTICS

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.	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%)

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