MIRA
INFORM REPORT
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Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
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Name : |
CHAN MEDI PHARM LIMITED/GTE |
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Registered Office : |
1, Little Ray Field Road, Jos, |
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Country : |
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Date of Incorporation : |
24.07.2006 |
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Com. Reg. No.: |
RC: 661234 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Provision of Essential Medicines and Medical Consumables for
Church Owned Health Facilities in the Country. |
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 : |
No Complaints |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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Nigeria |
B1 |
B1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
CHAN MEDI PHARM LIMITED/GTE
OPERATIONS
The company is engaged in Provision of Essential Medicines
and Medical Consumables for Church Owned Health Facilities in the Country.
COMPANY LOCATION
The company is located at 1, Little Ray Field Road, Jos,
Plateau State, Nigeria.
RISK FACTORS
Credit
Risk
ASSESSMENT:
Apparently healthy, with adequate working capital to meet normal
Commitments
CREDIT
LINE AMOUNT: Normal
CREDIT
LINE OPINION: Subject appears to be a credit worthy organization
IDENTIFICATION
COMPANY NAME: CHAN
MEDI PHARM LIMITED/GTE
REGISTERED NAME: CHAN
MEDI PHARM LIMITED/GTE
REGISTERED ADDRESS: 1,
Little Rayfield Road, Jos, Plateau State, Nigeria
HEAD OFFICE ADDRESS: 1,
Little Rayfield Road, Jos, Plateau State, Nigeria
POSTAL ADDRESS: P.O.
Box, 6944, Jos, Plateau State, Nigeria
TELEPHONE: 234-73-280874,
281935
MOBILE: 234-805-101-3745
FAX: 234-73-280826
EMAIL: info@chanmedi-pharm.org
WEBSITE: www.chanmedi-pharm.org
Currency: All monetary quoted in this report are in Nigerian
Naira, the local currency or unless otherwise stated. The exchange rate is N148
to 1 US $.
SUMMARY
NATURE OF PREMISES:
Leased office space occupying
approximately 500 square metres.
DATE INCORPORATED:
24th July, 2006
YEAR BEGAN OPERATION:
2006
LEGAL FORM: Limited Liability Company
REGISTRATION NO:
RC: 661234
ALLOTTED SHARE CAPITAL: 0.00
(based on CAC SEARCH RESULT)
STAFF STRENGHT: About forty (40)
OWNERSHIP/SHAREHOLDING STRUCTURE
Miner Selcan
24, Naraguta Avenue, Jos, Plateau State, Nigeria
Akinyemi Akinwunmi Abayomi
Chan Complex, Buruku, Rayfield Road, Jos, Plateau State,
Nigeria
Azoji Matthew Obi
Chan Complex, Buruku, Rayfield Road, Jos, Plateau State,
Nigeria
Shaiyen Nicholas
3B, Gabaro Close, Victoria Island, Lagos State, Nigeria
Omatseye Clare Adannaya
15, Milverton Road, Ikoyi, Lagos State, Nigeria
Ugo James Ioramee
6, Ido Close, off Kashim Ibrahim Road, Makurdi, Benue State,
Nigeria
Bili Godwin Mava
1, Rockview House,
Behind EYN Church, Yola, Adamawa State, Nigeria
Kathryn Hoomkwap
83, ATMN Quarters, Buruku, Jos, Plateau State, Nigeria
Dr. Anthony Okogie
19, Catholic Mission Road, Lagos Island, Lagos State,
Nigeria
The Incorporated Trustees of the Christian Health
Association of Nigeria
Buruku Road, Little Rayfield Road, Jos, Plateau State,
Nigeria
DIRECTORS
Miner Selcan
Akinyemi Akinwunmi Abayomi
Azoji Matthew Obi
Shaiyen Nicholas
Omatseye Clare Adannaya
Ugo James Ioramee
Bili Godwin Mava
Kathryn Hoomkwap
Dr. Anthony Okogie
MANAGEMENT PROFILE
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S/NO |
Names |
Position |
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1. |
Rev. Cannon Selcan Miner |
Chairman Board of Directors |
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2. |
Matthew O. Azoji |
Managing Director/CEO |
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3. |
Barrister Patrick Kwakfut |
Secretary General |
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4. |
Mrs. Clare Omatseye |
Director |
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5. |
Dr. Godwin M. Bili |
Director |
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6. |
Nick B. Shaiyen |
Director |
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7. |
Arch. James Ugo |
Director |
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8. |
Pontip N. Ramdur |
Head, Finance and Information System |
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9. |
Keneth Onuegbu |
Head, Sales and Customer Services |
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10. |
Edward Egede |
Head, Supply Chain Management |
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11. |
Emmanuel Atortor |
Head, Compliance and Internal Audit |
MANAGEMENT TEAM
REV. CANNON SELCAN MINER - CHAIRMAN BOARD OF DIRECTORS
Rev. Canon. Selcan Miner (OFR), Chairman Board of Directors
of CHAN Medi-Pharm Ltd/Gte holds a Masters degree in Missiology, ASTC in Public
Administration, Certificate in Banking and Monetary policy in developing
countries, a certificate in Accounting from the London Polytechnic, Certificate
in Theology and an Alumnus of the prestigious Harvard University Business
School-USA
Rev. Miner is a seasoned administrator and an accomplished
businessman. He was a one time Secretary to the Government of Benue/Plateau
State, one time Chairman of Board- Jos University Teaching Hospital (JUTH), one
time Chairman, Nigeria Merchant Bank and a one time Chairman, National Dock
Labour Board. He currently sits as Chairman on the Boards of many Companies
which include; Spring Waters Nigeria Ltd (SWAN) a subsidiary of UAC Plc,
National Electricity Supply Company Ltd (NESCO) (an independent power supply
company), Plateau Ceramic industries, Zitta Holdings Ltd among others. Rev. Miner is a member of the Order of the
Federal republic (OFR), Commander of the Order of Merit (COM)
MATTHEW O. AZOJI - MANAGING DIRECTOR/CEO
Matthew O. Azoji,
Managing Director/CEO of CHAN Medi-Pharm Ltd/Gte, is a First Class honours
graduate of Pharmacy from the
Mr. Azoji is an
Alumnus of the prestigious Lagos Business School with over 20 years experience
in hospital Pharmacy, sales, marketing, business development, Finance and
strategic management in the pharmaceutical industry with expertise in
procurement, Supply Chain Management and Distribution of Medicines particularly
for geographically and economically disadvantaged people of Nigeria.
As the Managing Director/CEO of CHAN Medi-Pharm Ltd/Gte,
Jos-Nigeria and Director of Essential Pharma Ltd, Makurdi Benue State– a public
private partnership enterprise established in Nigeria with the support of the
UK Department for International Development (DFID), Mr. Azoji is currently involved in strengthening systems to
enhance access to essential medicines in Nigeria and environs.
He is a member of several related professional bodies among
which are- the Pharmaceutical Society of Nigeria (PSN), Nigerian Institute of
Management (Chartered), the Nigerian Institute of Marketing, Health System
Action Network, Country Focal Person, Ecumenical Pharmaceutical Network and
others.
BARRISTER PATRICK KWAKFUT - SECRETARY GENERAL
Barrister Patrick Kwakfut, the Secretary General of the Christian
Health Association of Nigeria (CHAN) and Director CHAN Medi-Pharm Ltd/Gte
Jos-Nigeria is also a Director of Essential Pharma Ltd, a subsidiary of CHAN
Medi-Pharm Ltd/Gte.
He is a Barrister at Law, holds an LLB, Diploma-Advanced
Studies in Technical Education (UK), Post Graduate Certificate in Health
Planning and Management, Advance Diploma in Public Administration and an LLM
(in view).
Barrister Kwakfut retired from the Plateau State Civil
Service after putting in 35 meritorious years in the States’ Ministry of Health
where he served as Nursing Officer, Nursing Tutor, Health Planner and Health
Administrator respectively.
Before his retirement from the Plateau State Ministry of
Health, he was the Head of Department and Director of Research, Planning and
Statistics. Barrister Kwakfut is a
seasoned administrator, a registered Nurse Tutor, a member of the Nigerian Bar
Association and the Nigerian Institute of Management (Chartered).
MRS. CLARE OMATSEYE -
DIRECTOR
Mrs. Clare Omatseye, a Director of CHAN Medi-Pharm Ltd/Gte
Jos-Nigeria is a Graduate of Pharmacy from the Ahmadu Bello University – Zaria
and holds an Masters of Business administration degree from Universidad De
Navarra – Barcelona Spain. She is an Alumnus of the Lagos Business School and
has attended several professional trainings in her field. A seasoned Pharmacist
with about 17 years Pharmaceutical experience in hospital Pharmacy, Sales,
Marketing, Regulatory Affairs, Distribution, Business Development and Strategic
Management.
Mrs. Omatseye left the services of May & Baker as
National Sales Development Manager. She is currently the Country Consultant
–Nigeria for Huntleigh Healthcare UK Plc, Luton UK, Managing Director-JNC
International Nigeria Ltd and sits on the Board of other reputable
organizations. She has in the past been elected into several positions of
repute- Chairman 1st African Health Summit, she also has several scholastic
honours and membership of clubs and societies whose vision is to improve the
Health status of Nigerians.
Mrs. Omatseye is a member of the following professional
bodies. International Pharmaceutical Federation (FIP)-Den Hague, Netherlands,
African Health Forum, Pharmaceutical Society of Nigeria- PSN, Pediatrics
Association of Nigeria (PAN), Nigerian Association of Industrial Pharmacist
(NAIP) and Rotary Club of Ikoyi-Lagos.
DR. GODWIN M. BILI - DIRECTOR
Dr. Godwin. M. Bili, Director of CHAN Medi-Pharm Ltd/Gte is
a Medical Doctor by training and practice having graduated from the Kharkov
Medical School, USSR as well as the Post graduate school of Medicine,
Edinburgh-UK.
Dr. Bili has been in Medical practice and Health management
for over 30 years. He was the President of Nigerian Student Union-Kharkov,
USSR, he has served in several capacities in Nigeria as Secretary Gongola State
Health Service Management Board, Permanent Secretary, Gongola State Ministry of
Health, Honourable commissioner, Gongola State Ministry of Agriculture, Member
Governing Board, Federal Medical centre-Yola, Chairman Nigerian Medical
Association (NMA) Adamawa State among others. He is currently the Medical
Director of Gizo Royal Clinic, Yola and sits on the Board of many
companies. He is a member of the
International Institute of Public Health Management-Washington DC, USA and
Nigerian Medical Association (NMA).
NICK B. SHAIVEN - DIRECTOR
NICK B. SHAIYEN, Director of CHAN Medi-Pharm Ltd/Gte is an
Accountant by training having graduated from Ahmadu Bello University Zaria, a
PGD in project analysis and management from Authur Little Management Education
Institute Cambridge-USA.
Mr. Shaiyen has over 28 years professional working
experience. He was once Assistant Vice President/Public sector Head of Nigeria
International Bank- Lagos, Financial Controller-Plateau Investment Co. Ltd,
Executive Director-ENISONS Nig. Ltd, Managing Director-NIAGRO Ltd, Lagos. He
currently sits as Chairman on the Boards of Essential Pharma Ltd-Makurdi, Benue
State and H PIERSON Associates Ltd-Lagos.
He is currently the Managing Director of Whitehall Management
Ltd-Lagos and sits on the Board of many other organizations.
Mr. Shaiyen has attended several management training courses
both at home and abroad which include Developing Management Skills-CITIBANK,
New York-USA, Managing People Programme-Citibank, Anthens Greece, Senior credit
Programme-Citibank, Nairobi Kenya and others.
ARCH. JAMES UGO - DIRECTOR
ARCH. James I. Ugo, Director of CHAN Medi-Pharm Ltd/Gte
holds a B.Sc Architecture(2/1) as well as an M.Sc from Ahmadu Bello University,
Zaria. Arc. Ugo who is also a Director of Essential Pharma Ltd is an
accomplished businessman with over 29 years experience in the field of
Achitecture-covering designs and construction.
He has served in several capacities as Member, Governing
Council of the University of Benin, Chairman, Governing Board of Benue State
Housing Agency, Member, Governing Council of Benue State Polytechnic, College
of Agriculture and College of Education, Member, Benue State Judicial service
Commission among others. He is currently
the Managing Director of IDS Ltd, Architects and Builders, Makurdi, Benue
State. He is a member of Architects
registration Council of Nigeria and Nigeria Institute of Architects.
PONTIP N. RAMDUR - HEAD, FINANCE AND INFORMATION SYSTEM
Pontip Ramdur is the Head, Finance & Information System
of CHAN Medi-Pharm Ltd/Gte. He is an Associate Member (ACA) of the Institute of
Chartered Accountants of Nigeria and holds a Higher National Diploma (HND) in
Accounting.
He has vast experience in financial planning &
management, audit reporting and control. He has had local/foreign exposures
& trainings in Finance and audit that fully equips him for the job. He
served as Head, Audit in CHAN (the umbrella body of the Christian Health
association of Nigeria), Head, Compliance & Internal Audit of CHAN
Medi-Pharm and now Head, Finance & Information System.
KENNETH ONUEGBU - HEAD, SALES AND CUSTOMER SERVICES
Kenneth Chinedu Onuegbu is
the Head, Sales & Customer Service of CHAN Medi-Pharm Ltd/Gte. He holds a
Second Class Honors Upper Division degree in Pharmacy and an MBA in Marketing
both from the University of Nigeria- Nsukka with over 17 years broad based
experience spanning the Pharma and consumer Industries.
Mr. Onuegbu started his career as a medical representative
with Afrab-Chem Ltd Lagos in 1994. From there he moved to Roche Nigeria Ltd
(Now Swipha) where he last served as Area Manager and later to Emzor
Pharmaceutical Industries Ltd where he worked in various capacities as Area
manager and National Sales Manager respectively. He also had a brief stint at
Maydon Pharmaceutical Company Ltd as Head, Sales & Marketing. In the course
of his career, he contributed largely to the re-engineering and re-focusing of
above organizations leading to major turnaround in their fortunes in very short
periods of time. Mr. Onuegbu is a
motivational speaker and an expert in team building. He belongs to the
Pharmaceutical Society of Nigeria and is also an associate member of the
Nigerian Institute of Management. He is an alumnus of the Lagos Business School
(Advanced Management Programme, 16) It is also interesting to note that Mr.
Onuegbu has received a lot of training in his career both locally and
internationally.
EDWARD EGEDE - HEAD, SUPPLY CHAIN AND MANAGEMENT
Edward EGEDE is the
Head, Supply Chain Management, Programs & Advocacy of CHAN Medi-Pharm
Ltd/Gte. He is a dedicated personality with over 16 years experience that cuts
across a number of industries in sales, marketing, distribution and business
development. More than 80% of this experience is from the pharmaceutical and
health developmental sectors of the Nigerian Economy.
He has a Bachelor of Science degree in Pharmacology from the
University of Lagos and an International MBA majoring in Economics from Trinity
College. Edward was the former GM/ CEO of Essential Pharma Ltd, Makurdi, Key
Accounts Manager, May &Baker PLC, Lagos, National Sales Manager NSL Ltd,
Lagos, Managing Director, Mozeti Foods Ltd, Ota, Ogun State, a member of
Nigerian Marketing Association, Institute of Corporate Managers, West African
Society of Pharmacologists and has attended the celebrated Supply Chain
Management of Essential Medicines Training by IDA solutions
EMMANUEL ATOTOR - HEAD, COMPLIANCE AND INTERNAL AUDIT
Emmanuel O. Atortor, hails
from Delta state and serves as the Head, Compliance & Internal Audit of
CHAN Medi-Pharm Ltd/Gte. He is a graduate of Economics from the University of
Benin, Benin city, and an Associate member of the Institute of Chartered
Accountants of Nigeria with vast experience in Finance and Accounting.
He started his career as Procurement Officer with Perfect
Bakers in Benin from where he left to join Friday Ovie Nigeria Limited (a major
marketer and distributor to Life Flour Mill) in Sapele, Delta State as the Finance
& Administration manager. From Friday Ovie Nig. Ltd, he joined the services
of B. C. Onyiwa & Co.(Chartered Accountants) in Aba, Abia State as an Audit
Senior and from there to CHAN Pharmaceuticals now CHAN Medi-Pharm Ltd/Gte as
the Inventory & Management Accountant, through Financial Accountant to now
the Head, Compliance & Internal Audit.
BACKGROUND
Chan Medi Pharm Limited/GTE is a company incorporated on
24th July, 2006 with Registration Number (RC: 661234) under the Corporate
Affairs Commission. Its Corporate/Head Office is located at 1, Little Ray Field
Road, Jos, Plateau State, Nigeria.
Chan Medi Pharm Limited/GTE is an ecumenical drug supply
organization founded by three prominent church bodies to coordinate the provision
of essential medicines and medical consumables for church owned health
facilities in the country.
It is a subsidiary and the drug supply and distribution arm
of the Christian Health Association of Nigeria (CHAN), which has been in
operations since 1979. The founding bodies include, The Catholic Bishop’s
Conference of Nigeria, The Christian Council of Nigeria, The Northern Christian
Medical Advisory Council.
Chan Medi Pharm Limited/GTE has a membership strength of
over 400 Member Institutions (MIs) otherwise called mission hospitals and
another 4000 primary healthcare facilities affiliated to the mission hospitals.
The Member Institutions render a wide scope of healthcare
services from Primary to Tertiary and spread across various locations providing
healthcare services in Nigeria with the overall mission of reaching the
“unreached”, and making available, affordable and equitable healthcare to the
economically and geographically disadvantaged populations in the country.
During our visit to the company on the 22nd February, 2011,
the receptionist declined to provide any information about the company
including her name. According to her, she is not in best position to give any
information unless instructed by her boss who was not available at the time of
our visit. She however promised to get
back to us in due course but we are yet to receive any information as at the
time of compiling this report. Business activities were on-going during our
visit as customers besieged the premises and posters on health matters were
pasted on the wall.
Conclusion: Based on
our visit to the company’s premises and available information, we are of the
opinion that the company is engage in a legitimate business. As such, any
business relationship with the company should be mutually beneficial.
PRODUCTS AND SERVICES
Essential drug supply management services
Procurement & Distribution Services
Formulary Management Services
Warehousing Services
Training & Capacity Building Services
STAKE HOLDERS
Customers
Suppliers
Partners
Community
Government
People
Founding Fathers
PAST AND CURRENT PROJECTS
Procurement and distribution of essential medicines to 12
States covering 46 communities in these states – Gombe, Bauchi, Niger, Ondo, Edo,
Akwa Ibom, Imo, Abia, Bayelsa, Rivers, Cross River and Delta. Essential medical
commodities were procured and delivered to points of services in rural
locations by us. We also collated consumption data from the points of service
Procurement and distribution of essential medicines to
primary and secondary care levels in the selected states for promoting the
achievement of health sector portion of MDG in the states. This is a
multimillion-naira procurement and distribution project that involved public sector
health facilities in these states.
The PEPFAR project is the US leadership commitment to
fighting HIV/AIDS in the world. The project is a multi-national project
including nine countries in Africa and two in the Caribbean. Axios foundation
Nigeria, providing logistics services to the GHAIN project and CHAN
Pharmaceuticals is providing warehousing and distribution support services for
Axios foundation Nigeria. The distribution covers 38 facilities in six states.
(The States are kano, FCT, Edo, Cross-River, Anambra and Lagos States)
Warehousing & distribution service to 9 focal states in
the country. CHAN MEDI-PHARM is providing warehousing and distribution services
to CRS/AIDS Relief – managing inventories of ARVs and HIV test kits.
The project involves the warehousing and distribution of
Drugs and medical equipment to selected primary health care facilities in 20
local government areas in Enugu state.
BRANCH OFFICES
OWERRI DEPOT:
HOLY Rosary Hospital, P.O. Box 987, Emekuku, Imo State,
Nigeria
Telephone:
234-83-306114, 805-901-1862
IBADAN DEPOT:
NICON Insurance Corporation Building, 241, Obefemi Awolowo
Way, (Oke Ado Road), Molete Ibadan, Oyo State, Nigeria
Telephone: 234-2-7511277,
802-585-287
FOUNDING BODIES
The Catholic Bishop’s Conference of Nigeria
The Christian Council of Nigeria
The Northern Christian Medical Advisory Council
CORE VALUES
Pioneers
Integrity
Value Creation
OBJECTIVES
Promotion of equity of access to essential medicines by the poor
and medically needy through a network of rural-based healthcare system and drug
depots
Promotion of use of generic essential medicines enabling a
reduction in costs of treatment for the poor
Promotion of access to antiretroviral medicines through the use
of generic ARVs
Promotion of rational use of medicines in order that
patients may get greater value for their patronage as well as reduction of
untoward effects of medicines on consumers.
TYPES OF CUSTOMERS
General Public
Corporate Organization
Hospitals
PERFORMANCE RANKING
* Quality of Management: GOOD
* Ethics & Integrity: GOOD
* Ownership Structure: GOOD
FINANCES
The company’s Audited Account was not available during our visit;
therefore, as such, its present financial state could not be ascertained.
Though, subject is regarded in Nigeria as NGO.
INDUSTRIAL OVERVIEW/ OPERATING ENVIRONMENT
Subject is operating in an industry with very great
potentials. This sector in Nigeria has a lot to explore when it comes to the
need for expansion, improvement of product quality, work force development and
general technical expertise. Mainly, private individuals dominate this sector.
Despite the huge capital required for setting up this investment, it has grown
in its leaps and bounds over the decades in the nation, although, the efforts
of the Federal Government cannot be ruled out. The government has put in place
different policies that support private individuals to secure loans/ mortgages
from banks and other financial institutions. However, to record a
groundbreaking in this sector, foreign investors are inevitable.
This sector of the economy has great potentials for
intending investors.
CMT REPORT (Corruption, Money Laundering & Terrorism)
Public Notice from various sources including but not limited
to: The Courts, Nigerian Prison Service, Economic & Financial Crimes
Commission (EFCC), National Drug Law Enforcement Agency (NDLEA), National
Agency for Food & Drugs Administration and Control (NAFDAC), Independent
Corrupt Practices and other related offences Commission (ICPC) Etc.
No negative information on subject from the above agencies.
OFFICIAL REMARKS
Having carried out all necessary verifications on the
company, our investigations revealed that Chan Medi Pharm Limited/GTE is duly
registered in Nigeria with a registered address is located at 1, Little Ray
Field Road, Jos, Plateau State, Nigeria., while its operational address is
located at the same address.
The company is into genuine business transactions. It is an on-going concern.
Information contained in the report is mostly from secondary
sources.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
|
1 |
Rs.73.24 |
|
Euro |
1 |
Rs.62.68 |
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 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.