MIRA
INFORM REPORT
|
Report Date : |
14.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
MINH VIET TRADING IMPORT EXPORT LIMITED COMPANY |
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Registered Office : |
No. 9 - T40, Dinh Ha Hamlet Thuong Ly Ward, Hong Bang District, Hai Phong City |
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Country : |
Vietnam |
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|
Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
2007 |
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Com. Reg. No.: |
0200761996 |
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|
Legal Form : |
Limited Liability Company |
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|
|
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Line of Business : |
Specializes in trading in feed materials and tea. |
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No. of Employees : |
10 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Viet Nam |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
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Off-credit |
D |
SUBJECT IDENTIFICATION &
LEGAL FORM
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||
Current legal status
|
||
|
English Name |
|
MINH VIET TRADING IMPORT EXPORT LIMITED
COMPANY |
|
Vietnamese Name |
|
CONG TY TNHH THUONG MAI XUAT NHAP KHAU
MINH VIET |
|
Short name |
|
MINH VIET TRADIMEXCO |
|
Type of Business |
|
Limited liability company |
|
Year Established |
|
2007 |
|
Business Registration No. |
|
0200761996 |
|
Date of Registration |
|
08 Nov 2011 |
|
Place of Registration |
|
Hai Phong Department of Planning and
Investment |
|
Current registered capital |
|
VND 8,000,000,000 |
|
Status |
|
Unlisted |
|
Tax code |
|
0200761996 |
|
Total Employees |
|
10 |
|
Size |
|
Small |
|
Note: The exact name of the
subject is as above. |
||
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Business
Registration No: 0202005733 Changed to: 0200761996 |
08
Nov 2011 |
|
2 |
Subject has got former Registered capital:
VND 2 billion Changed to: VND 8 billion |
08
Nov 2011 |
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ADDRESSES
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Registration
Address |
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|
Address |
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No. 9 - T40, Dinh Ha Hamlet Thuong Ly
Ward, Hong Bang District, Hai Phong City, Vietnam |
|
Telephone |
|
(84-31) 3526 683 |
|
Fax |
|
(84-31) 3526 683 |
|
Website |
|
|
|
Note: The given address "Dinh Ha Thuong, Ding Bang Dist"
is not correct. The correct one is as above. |
||
|
|
||
|
Transaction
office in Hai Phong |
||
|
Address |
|
No. 39C, Ha Ly Ward, Hong Bang District,
Hai Phong City, Vietnam |
|
Telephone |
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(84-31) 3533 418 |
|
Fax |
|
(84-31) 3533 418 |
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|
||
|
Transaction
office in Ha Noi |
||
|
Address |
|
No. 519, Minh Khai, Hai Ba Trung District,
Ha Noi City, Vietnam |
|
Telephone |
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(84-4) 3636 8254 |
|
Fax |
|
(84-4) 3862 1687 |
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Email |
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DIRECTORS
|
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|
|
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|
1.
NAME |
|
Mr.
NGUYEN HONG NGUYEN |
|
Position |
|
President |
|
ID Number/Passport |
|
031004450 |
|
Resident |
|
No. 9 - T40 Dinh Ha -
Thuong Ly Ward, Hong Bang District, Hai Phong City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
2.
NAME |
|
Ms.
DAO NGUYET ANH |
|
Position |
|
Director |
|
Date of Birth |
|
22 Oct 1981 |
|
ID Number/Passport |
|
012025327 |
|
ID Issue Date |
|
05 Apr 2003 |
|
ID Issue Place |
|
Hanoi Police Station |
|
Resident |
|
No. 161 Giang Cao,
Bat Trang Commune, Gia Lam District, Ha Noi City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Email |
|
|
|
Mobile phone |
|
+84 983063262 |
|
|
||
|
3.
NAME |
|
Mr.
NGUYEN HONG VAN |
|
Position |
|
Deputy Director |
|
ID Number/Passport |
|
031059079 |
|
Resident |
|
No. 9 - T40, Dinh Ha
Hamlet, Thuong Ly Ward, Hong Bang District, Hai Phong City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
4.
NAME |
|
Ms.
NGUYEN THI NGOC ANH |
|
Position |
|
Chief Accountant |
|
Nationality |
|
Vietnamese |
|
Tel/Mobil phone |
|
+84 972888785 |
|
|
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BUSINESS NATURE AND ACTIVITIES
|
|
|
|
The
subject specializes in trading in feed materials and tea. |
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IMPORT & EXPORT ACTIVITIES
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IMPORT: |
||
|
·
Types of products |
|
Feed materials |
|
·
Market |
|
India, Malaysia, Indonesia, USA, Thailand, France |
|
·
Mode of payment |
|
L/C, T/T |
|
|
||
|
EXPORT: |
||
|
·
Types of products |
|
Tea |
|
·
Market |
|
Some Asia and Middle East countries |
|
·
Mode of payment |
|
L/C, T/T |
|
|
||
BANKERS
|
||
|
|
||
|
1.
DONG A COMMERCIAL JOINT STOCK BANK HA NOI BRANCH |
||
|
Address |
|
No.181, Nguyen Luong Bang Street, Dong Da District, Ha Noi City,
Vietnam |
|
Telephone |
|
(84-4) 3733 6113 |
|
Fax |
|
(84-4) 3733 9871 |
|
|
||
|
2.
VIETNAM INTERNATIONAL COMMERCIAL JOINT STOCK BANK HAI PHONG BRANCH |
||
|
Address |
|
No. 23, Lach Tray Street, Ngo Quyen District, Hai Phong City, Vietnam |
|
Telephone |
|
(84-31) 364 1861 |
|
Fax |
|
(84-31) 364 1862 |
|
|
||
SHAREHOLDERS
|
||
|
|
||
|
1.
NAME |
|
Mr.
NGUYEN HONG NGUYEN |
|
Position |
|
President |
|
ID Number/Passport |
|
031004450 |
|
Resident |
|
No. 9 - T40 Dinh Ha Hamlet, Thuong Ly
Ward, Hong Bang District, Hai Phong City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 4,700,000,000 |
|
Percentage |
|
58.75% |
|
|
||
|
2.
NAME |
|
Ms.
DAO NGUYET ANH |
|
Position |
|
Director |
|
Date of Birth |
|
22 Oct 1981 |
|
ID Number/Passport |
|
012025327 |
|
Issued on |
|
05 Apr 2003 |
|
Issued Place |
|
Hanoi Police Station |
|
Resident |
|
No. 161 Giang Cao, Bat Trang Commune, Gia
Lam District, Ha Noi City, Vietnam |
|
Email |
|
|
|
Mobile phone |
|
+84 983063262 |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 3,100,000,000 |
|
Percentage |
|
38.75% |
|
|
||
|
3.
NAME |
|
Mr.
NGUYEN HONG VAN |
|
Position |
|
Deputy Director |
|
ID Number/Passport |
|
031059079 |
|
Resident |
|
No. 9 - T40, Dinh Ha Hamlet, Thuong Ly
Ward, Hong Bang District, Hai Phong City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 200,000,000 |
|
Percentage |
|
2.5% |
|
|
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FINANCIAL DATA
|
|||
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BALANCE
SHEET |
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Unit: One VND
|
|||
|
Balance sheet
date |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
Number of weeks |
52 |
52 |
52 |
ASSETS
|
|||
|
A CURRENT
ASSETS |
20,092,828,648 |
17,924,879,884 |
5,030,049,914 |
|
I. Cash and cash
equivalents |
431,486,661 |
1,592,115,176 |
855,089,732 |
|
1. Cash |
210,000,000 |
1,592,115,176 |
855,089,732 |
|
2. Cash equivalents |
221,486,661 |
0 |
0 |
|
II. Short-term
investments |
0 |
0 |
0 |
|
1. Short-term investments |
0 |
0 |
0 |
|
2. Provisions for devaluation of short-term investments |
0 |
0 |
0 |
|
III. Accounts
receivable |
12,757,164,733 |
5,606,383,540 |
318,003,051 |
|
1. Receivable from customers |
12,434,059,627 |
5,376,916,091 |
246,127,119 |
|
2. Prepayments to suppliers |
0 |
0 |
67,176,387 |
|
3. Inter-company receivable |
0 |
0 |
0 |
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
|
5. Other receivable |
323,105,106 |
229,467,449 |
4,699,545 |
|
6. Provisions for bad debts |
0 |
0 |
0 |
|
IV. Inventories |
6,904,177,254 |
10,438,936,862 |
3,381,165,419 |
|
1. Inventories |
6,904,177,254 |
10,438,936,862 |
3,381,165,419 |
|
2. Provisions for devaluation of inventories |
0 |
0 |
0 |
|
V. Other Current
Assets |
|
287,444,306 |
475,791,712 |
|
1. Short-term prepaid expenses |
0 |
0 |
0 |
|
2. VAT to be deducted |
0 |
272,132,094 |
200,765,016 |
|
3. Taxes and other accounts receivable from the State |
0 |
0 |
0 |
|
4. Other current assets |
|
15,312,212 |
275,026,696 |
|
B. LONG-TERM
ASSETS |
928,690,247 |
163,827,809 |
186,675,809 |
|
I. Long term
accounts receivable |
0 |
0 |
0 |
|
1. Long term account receivable from customers |
0 |
0 |
0 |
|
2. Working capital in affiliates |
0 |
0 |
0 |
|
3. Long-term inter-company receivable |
0 |
0 |
0 |
|
4. Other long-term receivable |
0 |
0 |
0 |
|
5. Provisions for bad debts from customers |
0 |
0 |
0 |
|
II. Fixed assets
|
928,690,247 |
163,827,809 |
186,675,809 |
|
1. Tangible assets |
928,690,247 |
163,827,809 |
186,675,809 |
|
- Historical costs |
1,085,238,095 |
209,523,809 |
209,523,809 |
|
- Accumulated depreciation |
-156,547,848 |
-45,696,000 |
-22,848,000 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
0 |
0 |
0 |
|
- Accumulated depreciation |
0 |
0 |
0 |
|
3. Intangible assets |
0 |
0 |
0 |
|
- Initial costs |
0 |
0 |
0 |
|
- Accumulated amortization |
0 |
0 |
0 |
|
4. Construction-in-progress |
0 |
0 |
0 |
|
III. Investment
property |
0 |
0 |
0 |
|
Historical costs |
0 |
0 |
0 |
|
Accumulated depreciation |
0 |
0 |
0 |
|
IV. Long-term
investments |
0 |
0 |
0 |
|
1. Investments in affiliates |
0 |
0 |
0 |
|
2. Investments in business concerns and joint ventures |
0 |
0 |
0 |
|
3. Other long-term investments |
0 |
0 |
0 |
|
4. Provisions for devaluation of long-term investments |
0 |
0 |
0 |
|
V. Other long-term
assets |
0 |
0 |
0 |
|
1. Long-term prepaid expenses |
0 |
0 |
0 |
|
2. Deferred income tax assets |
0 |
0 |
0 |
|
3. Other long-term assets |
0 |
0 |
0 |
|
VI. Goodwill |
0 |
0 |
0 |
|
1. Goodwill |
0 |
0 |
0 |
|
TOTAL ASSETS |
21,021,518,895 |
18,088,707,693 |
5,216,725,723 |
|
|
|||
LIABILITIES
|
|||
|
A- LIABILITIES |
17,258,463,077 |
16,028,550,155 |
3,187,711,150 |
|
I. Current
liabilities |
17,191,983,077 |
15,912,030,155 |
2,971,111,150 |
|
1. Short-term debts and loans |
11,614,222,700 |
5,558,642,450 |
2,971,111,150 |
|
2. Payable to suppliers |
5,408,813,633 |
10,115,571,543 |
0 |
|
3. Advances from customers |
0 |
0 |
0 |
|
4. Taxes and other obligations to the State Budget |
168,946,744 |
237,816,162 |
0 |
|
5. Payable to employees |
0 |
0 |
0 |
|
6. Accrued expenses |
0 |
0 |
0 |
|
7. Inter-company payable |
0 |
0 |
0 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
|
9. Other payable |
0 |
0 |
0 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
II. Long-Term
Liabilities |
66,480,000 |
116,520,000 |
216,600,000 |
|
1. Long-term accounts payable to suppliers |
0 |
0 |
0 |
|
2. Long-term inter-company payable |
0 |
0 |
0 |
|
3. Other long-term payable |
0 |
0 |
0 |
|
4. Long-term debts and loans |
66,480,000 |
116,520,000 |
216,600,000 |
|
5. Deferred income tax payable |
0 |
0 |
0 |
|
6. Provisions for unemployment allowances |
0 |
0 |
0 |
|
7. Provisions for long-term accounts payable |
0 |
0 |
0 |
|
B- OWNERS
EQUITY |
3,763,055,818 |
2,060,157,538 |
2,029,014,573 |
|
I. OWNERS
EQUITY |
3,763,055,818 |
2,060,157,538 |
2,029,014,573 |
|
1. Capital |
2,000,000,000 |
2,000,000,000 |
2,000,000,000 |
|
2. Share premiums |
0 |
0 |
0 |
|
3. Other sources of capital |
0 |
0 |
0 |
|
4. Treasury stocks |
0 |
0 |
0 |
|
5. Differences on asset revaluation |
0 |
0 |
0 |
|
6. Foreign exchange differences |
0 |
0 |
0 |
|
7. Business promotion fund |
0 |
0 |
0 |
|
8. Financial reserved fund |
0 |
0 |
0 |
|
9. Other funds |
0 |
0 |
0 |
|
10. Retained earnings |
1,763,055,818 |
60,157,538 |
29,014,573 |
|
11. Construction investment fund |
0 |
0 |
0 |
|
II. Other
sources and funds |
0 |
0 |
0 |
|
1. Bonus and welfare funds |
0 |
0 |
0 |
|
2. Sources of expenditure |
0 |
0 |
0 |
|
3. Fund to form fixed assets |
0 |
0 |
0 |
|
MINORITYS
INTEREST |
0 |
0 |
0 |
|
TOTAL
LIABILITIES AND OWNERS EQUITY |
21,021,518,895 |
18,088,707,693 |
5,216,725,723 |
|
|
|||
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2010 |
FY2009 |
FY2008 |
|
1. Total Sales |
111,082,174,201 |
52,713,290,025 |
20,166,142,780 |
|
2. Deduction item |
0 |
0 |
0 |
|
3. Net revenue |
111,082,174,201 |
52,713,290,025 |
20,166,142,780 |
|
4. Costs of goods sold |
100,553,665,732 |
49,244,387,583 |
18,756,709,690 |
|
5. Gross profit |
10,528,508,469 |
3,468,902,442 |
1,409,433,090 |
|
6. Financial income |
36,691,171 |
22,055,381 |
6,748,982 |
|
7. Financial expenses |
2,045,217,064 |
615,428,724 |
294,800,400 |
|
- In which: Loan interest expenses |
2,045,217,064 |
615,428,724 |
294,800,400 |
|
8. Selling expenses |
0 |
0 |
0 |
|
9. Administrative overheads |
3,929,241,486 |
2,845,258,088 |
1,155,543,923 |
|
10. Net operating profit |
4,590,741,090 |
30,271,011 |
-34,162,251 |
|
11. Other income |
0 |
142,569,516 |
59,297,600 |
|
12. Other expenses |
0 |
104,387,500 |
0 |
|
13. Other profit /(loss) |
0 |
38,182,016 |
59,297,600 |
|
14. Total accounting profit before tax |
4,590,741,090 |
68,453,027 |
25,135,349 |
|
15. Current corporate income tax |
1,147,685,273 |
17,113,257 |
7,037,897 |
|
16. Deferred corporate income tax |
0 |
0 |
0 |
|
17. Interest from subsidiaries/related companies |
0 |
0 |
0 |
|
18. Profit after tax |
3,443,055,817 |
51,339,770 |
18,097,452 |
|
|
||||
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
|
||||
|
Description |
FY2010 |
FY2009 |
FY2008 |
Average Industry |
|
Current liquidity ratio |
1.17 |
1.13 |
1.69 |
1.22 |
|
Quick liquidity ratio |
0.77 |
0.47 |
0.56 |
0.66 |
|
Inventory circle |
11.60 |
7.13 |
5.55 |
9.77 |
|
Average receive period |
41.92 |
38.82 |
5.76 |
24.65 |
|
Utilizing asset performance |
5.28 |
2.91 |
3.87 |
2.22 |
|
Liability by total assets |
82.10 |
88.61 |
61.11 |
38.74 |
|
Liability by owner's equity |
458.63 |
778.03 |
157.11 |
95.28 |
|
Ebit / Total assets (ROA) |
31.57 |
3.78 |
6.13 |
9.15 |
|
Ebit / Owner's equity (ROE) |
176.34 |
33.20 |
15.77 |
23.00 |
|
Ebit / Total revenue (NPM) |
5.97 |
1.30 |
1.59 |
4.44 |
|
Gross profit / Total revenue (GPM) |
9.48 |
6.58 |
6.99 |
9.38 |
|
Note: The Average Industry was calculated by VietnamCredit based on our own
statistical data |
||||
|
|
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PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
||
|
|
||
|
Trade Morality |
|
Fair |
|
Liquidity |
|
Medium |
|
Payment status |
|
Average |
|
Financial Situation |
|
Above Average |
|
Development trend |
|
Stable |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
T/T, L/C |
|
Sale Methods |
|
Wholesaler |
|
Public opinion |
|
Good |
|
|
|
CREDIT INQUIRY: USD 125,000/ DA |
|
Acceptable! |
|
|
INTERPRETATION ON THE SCORES
|
|
|
|
MINH
VIET TRADIMEXCO was established and started operation on September 17th
2007 according to the Business Registration No. 0202005733.
On November 18th 2011, the subject has changed its business
license as the same tax code to No. 0200761996 together with increase
registered capital to VND 8 billion. The
subject registers address at No. 39C, Ha Ly Ward, Hong Bang District, Hai
Phong City, Vietnam. Besides, the subject has two transaction offices in
Hanoi City and Hai Phong City. The
subject is specialized in trading in feed materials and tea. Materials are
imported from India, Malaysia, Indonesia, USA, Thailand, France, etc. Products
are mostly distributed in North
provinces and city of Vietnam such as Hung Yen, Ha Noi, Hai Duong, Bac Ninh
and the small is supplied in Middle area. Besides, the subject exports tea
consist of green and black tea such as Shantuyet, Thai Nguyen, Moc Chau, Phu
Tho, BPS, OP
to some Asia and Middle Eastern countries. Following
the financial data in recent years, the subject's business activities in 2010
are fairly good. Total sale and profit after tax are high increase. In 2010,
the subject achieved VND 111,082 million of total sales, increase 110%
in comparison with 2009. Specially, profit after tax has strongly growth,
from VND 51 million in 2009 to VND 3,443 million in 2010. Besides, ROA, ROE,
NPM and GPM ratios are highly increase in 2010. However, business result in
2011 has tendency to decrease. According to Mr. Dao Nguyet Anh - Director,
for 9 first months of 2011, the subject reached VND 65 billion of revenues.
It also reduced number of employees from
15 down to 10 persons. Following
Mr. Dao Thanh Nha - Sales Manager, the subject can afford import transactions
worth from VND 500 million to over VND 13 billion per deal. Sometimes, the
contract can reach to VND 30 billion. The animal feed manufacturing industry
needs a large amount of materials for manufacturing in Autumn; therefore
there is an increasing import amount in June and July every year. In
general, the subject is a small company in the industry. The prospect seems
bright in the future. At present, it has capacity to meet small and normal
business transactions. Caution is needed for big transactions with the
subject. |
------------ APPENDIX ----------
INDUSTRY DATA
|
||||||
|
|
||||||
|
Industry code |
Growth speed by
price compared with 1994 (%) |
Total
enterprises 2009 |
Total employees
2010 (Thous.pers.) |
Annual average
capital of enterprises 2009 (billion dongs) |
||
|
2010 |
2009 |
|||||
|
Agriculture,
Forestry and Fishing |
2.78 |
1.82 |
8,749 |
23,896.3 |
81,559 |
|
|
Industry and
Construction |
7.70 |
5.52 |
85,115 |
10,630 |
2,751,975 |
|
|
Trade and
Services |
7.52 |
6.63 |
154,978 |
14,522 |
4,939,069 |
|
|
|
||||||
ECONOMIC INDICATORS
|
||||||
|
|
||||||
|
|
2010 |
2009 |
2008 |
|||
|
Population (Million person) |
86.93 |
86.02 |
86.1 |
|||
|
Gross Domestic Products (US$
billion) |
102.2 |
91 |
84.9 |
|||
|
GDP Growth (%) |
6.78 |
5.32 |
6.2 |
|||
|
GDP Per Capita (US$) |
1,160 |
1,080 |
1,040 |
|||
|
Inflation (% Change in
Composite CPI) |
11.75 |
6.88 |
24.4 |
|||
|
|
||||||
SERVICE TRADE PERFORMANCE
|
||||||
|
|
||||||
|
Billion USD |
2010 |
2009 |
2008 |
|||
|
Exports |
72.2 |
57.1 |
62.7 |
|||
|
Imports |
84.8 |
69.9 |
80.7 |
|||
|
Trade Balance |
-12.6 |
-12.8 |
-18 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.40 |
|
|
1 |
Rs.83.32 |
|
Euro |
1 |
Rs.70.44 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.