MIRA INFORM
REPORT
|
Report Date : |
28.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
SCHNELL S.P.A. |
|
|
|
|
Registered Office : |
Via Borghetto,
2, 61030 - Montemaggiore Al Metauro (PS) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
02.08.1962 |
|
|
|
|
Com. Reg. No.: |
PS044-1329 since 19/02/1996 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Hire of cranes and other equipment with operator for constuction and
demolition |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
300.000 Eur |
|
Status : |
Good |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Schnell S.p.a.
Via Borghetto, 2
61030 - Montemaggiore Al Metauro (PS) -IT-
Summary
|
Fiscal Code |
: |
00112900410 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
02/08/1962 |
|
Equity |
: |
Over 2.582.254 Eur |
|
|
: |
50.000.000/75.000.000 Eur |
|
Number of Employees |
: |
from 251 to 500 |
Credit Analysis
|
Credit Opinion |
: |
300.000 - Eur |
Activity
Hire of cranes and other equipment with operator for constuction and
demolition
Wholesale of mining, construction and civil engineering machinery
Legal Data
Legal Form : Joint stock company
|
Fiscal Code : 00112900410 |
|
Foreign Trade Reg. no. : PS002601 since 20/02/1992 |
|
Chamber of Commerce no. : 40302 of |
|
Firms' Register : PS044-1329 since 19/02/1996 |
|
V.A.T. Code : 00112900410 |
|
Foundation date |
: 02/08/1962 |
|
|
Establishment date |
: 02/08/1962 |
|
|
Start of Activities |
: 02/08/1962 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 6.000.000 |
Eur |
|
Subscribed Capital |
: 6.000.000 |
Eur |
|
Paid up Capital |
: 6.000.000 |
Eur |
Members
|
|
Rupoli |
Alessandro |
|
|
|
Born in Fano |
(PS) |
on 02/04/1923 |
- Fiscal Code : RPLLSN23D02D488S |
|
|
|
Residence : |
Via |
Belgatto |
, 46 |
- 61032 |
Fano |
(PS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/07/2009 |
|
|
|
Board Chairman |
14/07/2009 |
|
|
No Protests registered.
|
Rupoli |
Simone |
|
|
|
Born in Fano |
(PS) |
on 24/11/1958 |
- Fiscal Code : RPLSMN58S24D488D |
|
|
|
Residence : |
Via |
Canale Albani |
, 4 |
- 61032 |
Fano |
(PS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/07/2009 |
|
|
|
Assistant board Chairman |
14/07/2009 |
|
|
No Protests registered.
|
|
Rossetti |
Loriano |
|
|
|
Born in Senigallia |
(AN) |
on 25/04/1965 |
- Fiscal Code : RSSLRN65D25I608Y |
|
|
|
Residence : |
Strada |
Str. Intercomunale Filetto |
, 183/A |
- 60019 |
Senigallia |
(AN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
14/07/2009 |
|
|
No Protests registered.
|
|
Morotti |
Morena |
|
|
|
Born in |
(PS) |
on 29/09/1969 |
- Fiscal Code : MRTMRN69P69G479X |
|
|
|
Residence : |
Via |
Rossini |
, 13 |
- 61032 |
Fano |
(PS) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
28/03/2007 |
|
|
No Protests registered.
Companies connected to members
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have holded
positions.
|
|
RUPOLI |
ALESSANDRO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
SCHNELL HOUSE ITALIA S.R.L. |
Montemaggiore Al Metauro (PS) - IT - |
02379700418 |
Sole Director |
Active |
Registered |
|
SCHNELL MECCANICA S.R.L. |
Fano (PS) - IT - |
00645950411 |
Sole Director |
Withdrawn |
Ceased |
|
|
RUPOLI |
SIMONE |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
SCHNELL MECCANICA S.R.L. |
Fano (PS) - IT - |
00645950411 |
Sole Director |
Withdrawn |
Ceased |
|
SCHNELL MECCANICA S.R.L. |
Fano (PS) - IT - |
00645950411 |
Procurator |
Withdrawn |
Ceased |
|
SCHNELL WIRE SYSTEM S.R.L. |
Montemaggiore Al Metauro (PS) - IT - |
02278860412 |
Sole Director |
Active |
Registered |
The indication "REGISTERED" as Firm Status could refer to
Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we advise to request further
investigations.
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Rupoli Alessandro |
Fano - IT - |
RPLLSN23D02D488S |
1.500.000 .Eur |
25,00 |
|
Rupoli Simone |
Fano - IT - |
RPLSMN58S24D488D |
600.000 .Eur |
10,00 |
|
GIOVANELLI MAURIZIO |
|
GVNMRZ45B17D488Q |
1.200.000 .Eur |
20,00 |
|
MOROTTI GIULIANO |
|
MRTGLN56P04G479Q |
1.050.000 .Eur |
17,50 |
|
Morotti Morena |
Fano - IT - |
MRTMRN69P69G479X |
1.050.000 .Eur |
17,50 |
|
MINARDI CLAUDIO |
|
MNRCLD49M16D488J |
600.000 .Eur |
10,00 |
Direct Participations
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Gricor Impianti S.r.l. |
Monteprandone - IT - |
00790660674 |
41.580 .Eur |
42,00 |
|
|
Active |
|
SGM S.R.L. |
|
01865350449 |
75.000 .Eur |
30,00 |
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
|
|
|
|
|
Via |
Borghetto |
, 2 |
- 61030 |
- Montemaggiore Al Metauro |
(PS) |
- IT - |
|
|
|
|
Total Surface: 20.000 Sq.mt. |
|
|
|
|
PHONE |
: 0721/892186 |
|
|
|
|
PHONE |
: 0721/864505 |
|
|
|
|
PHONE |
: 0721/878711 |
|
|
|
|
FAX |
: 0721/8787330 |
|
- |
Branch |
(Factory ) |
since 12/01/2005 |
|
|
|
|
|
Zona Industriale |
Avogadro |
, 9 |
- 61032 |
- Fano |
(PS) |
- IT - |
|
|
|
|
Employees |
: 266 |
|
Fittings and Equipment for a value of 1.260.000 |
Eur |
|
Stocks for a value of 19.880.000 |
Eur |
|
Cars for a value of 58.000 |
Eur |
|
Vehicles for a value of 19.000 |
Eur |
The firm has a direct commercial organization
Sales area on a national scale.
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL
FORM
|
Former legal form |
New legal form |
Changement Date |
|
Joint stock company |
Limited liability company |
30/11/1988 |
|
Limited liability company |
Joint stock company |
19/12/1996 |
EX-MEMBERS / EX-POSITIONS:
|
Rupoli |
Alessandro |
|
|
|
Born in Fano |
on 02/04/1923 |
- Fiscal Code : RPLLSN23D02D488S |
|
|
|
Residence : |
Via |
Belgatto |
, 46 |
- 61032 |
Fano |
(PS) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
|
Rupoli |
Simone |
|
|
|
Born in Fano |
on 24/11/1958 |
- Fiscal Code : RPLSMN58S24D488D |
|
|
|
Residence : |
Via |
Canale Albani |
, 4 |
- 61032 |
Fano |
(PS) |
- IT - |
|
Ex-Postions |
|
Procurator |
|
|
Ribighini |
Antonio |
|
|
|
Born in |
on 26/05/1954 |
- Fiscal Code : RBGNTN54E26A271P |
|
|
|
Residence : |
Via |
Mamiani |
, 14 |
- 60100 |
|
(AN) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Bolzani |
Stefano |
|
|
|
Born in FANO |
on 21/02/1960 |
- Fiscal Code : BLZSFN60B21D488E |
|
|
|
Residence : |
Via |
LUIGI MASCHERPA |
, 11 |
- 61032 |
Fano |
(PS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Guerra |
Italo |
|
|
|
Born in |
on 24/03/1921 |
- Fiscal Code : GRRTLI21C24L049A |
|
|
|
Residence : |
Via |
Cavour |
, 24 |
- 61032 |
Fano |
(PS) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Gervasi |
Osvaldo |
|
|
|
Born in ISOLA |
on 20/04/1924 |
- Fiscal Code : GRVSLD24D20E351Y |
|
|
|
Residence : |
Via |
GARIBALDI |
, 111 |
- 61032 |
Fano |
(PS) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Serafini |
Andrea |
|
|
|
Born in Fano |
on 31/01/1960 |
- Fiscal Code : SRFNDR60A31D488H |
|
|
|
Residence : |
Via |
Girolamo Da Fano |
, 23 |
- 61032 |
Fano |
(PS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Guerra |
Roberto |
|
|
|
Born in Fano |
on 06/11/1959 |
- Fiscal Code : GRRRRT59S06D488Q |
|
|
|
Residence : |
Via |
Tazzoli |
, 14 |
- 61032 |
Fano |
(PS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Grinta |
Vladimiro |
|
|
|
Born in Fano |
on 21/10/1944 |
- Fiscal Code : GRNVDM44R21D488Y |
|
|
|
Residence : |
Via |
Dello Squero |
, 21 |
- 61032 |
Fano |
(PS) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Rossetti |
Loriano |
|
|
Born in Senigallia |
on 25/04/1965 |
- Fiscal Code : RSSLRN65D25I608Y |
|
|
|
Residence : |
Strada |
Str. Intercomunale Filetto |
, 183/A |
- 60019 |
Senigallia |
(AN) |
- IT - |
|
Ex-Postions |
|
Attorney with special power |
CEASINGS/INCORPORATIONS/MERGES:
|
|
Project of merging by taking over of |
|
|
|
SCHNELL MECCANICA S.R.L. |
|
|
|
Via |
Avogadro |
, 11 |
, 61032 |
, Fano |
(PS) |
- IT - |
|
|
|
Fiscal Code: 00645950411 |
|
|
|
Date |
Merging/splitting-up project : |
14/05/1997 |
|
The firm absorbed by merging of |
|
|
|
SCHNELL MECCANICA S.R.L. |
|
|
|
Via |
Avogadro |
, 11 |
, 61032 |
, Fano |
(PS) |
- IT - |
|
|
|
Fiscal Code: 00645950411 |
|
|
|
Date |
: |
01/12/1997 |
|
|
Splitting-up and transfer of assets to |
|
|
|
SCHNELL HOLDING S.R.L. |
|
|
|
, 61032 |
, Fano |
(PS) |
- IT - |
|
|
|
Date |
Splitting-up : |
28/07/2004 |
|
|
Res.of Splitting-up and transfer of assets to |
|
|
|
SCHNELL HOLDING S.R.L. |
|
|
|
, 61032 |
, Fano |
(PS) |
- IT - |
|
|
|
Date |
Splitting-up : |
28/07/2004 |
Protests
Protests checking on the subject firm has given a negative result.
Legal Procedures
None reported, standing to the latest received edition of the Official
Publications.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
Banca delle |
|
|
|
|
|
|
Immovables
*Subject to survey.
|
Immovable Type |
Value |
|
Real estates |
2.932.310 - Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the latest available financial documents.
Financial and Economical Analysis
The company is active since 1962
An eco-fin analysis has been made on the base od the b/s fo the years
2006, 2007 and 2008.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 12,17% in 2008 keeping the turnover steady during the
last two years.
The return on Investment in the last financial year was positive (5,19%)
and in line with the sector's average.
The amount of the operating result for the year 2008 is of Eur.
2.894.602 showing a downwards trend equal to -59,67% if compared to the value
of the financial year 2007.
The G.O.M. amounted to Eur. 3.514.552 showing a downward trend as
opposed to the previous year.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,91 lower than in 2007.
The management generated equity capital for an amount of Eur. 19.327.794
, unchanged as opposed to the preceding year.
In the year 2008 total debts amounted to Eur. 32.475.841 showing a
stable trend as opposed to 2007 (Eur. 36.704.053).
Moderate recourse to bank credit while the exposure towards suppliers is
rather high anyway better than the field's average.
The available funds are good.
Accounts receivable average term is 67,18 days. , a value lower than the
sector's average.
As far as the cash flow is concerned during the latest financial year it
amounted to Eur. 2.972.406
Labour cost expenses amount to Eur. 10.667.845 , representing 15,02% on
the total of production costs. , whereas the incidence of such costs on sales
revenues is equal to 15,08%.
The financial charges do not negatively affect the management, as they
are covered by the incomes.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
70.727.398 |
|
Profit (Loss) for the period |
2.353.106 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
74.805.183 |
|
Profit (Loss) for the period |
4.348.119 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
63.332.834 |
|
Profit (Loss) for the period |
4.221.262 |
|
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
49.841.753 |
|
Profit (Loss) for the period |
1.467.137 |
|
|
|
Complete balance-sheet for the year |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
37.221.557 |
|
Profit (Loss) for the period |
219.157 |
Balance Sheets
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/12/2008 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
- Balance Sheet as at 31/12/2007 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
- Balance Sheet as at 31/12/2006 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
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|
|
RATIOS |
Value Type |
as at 31/12/2008 |
as at 31/12/2007 |
as at 31/12/2006 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,13 |
0,11 |
0,12 |
0,08 |
|
Elasticity Ratio |
Units |
0,85 |
0,87 |
0,85 |
0,90 |
|
Availability of stock |
Units |
0,36 |
0,40 |
0,41 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,49 |
0,46 |
0,44 |
0,63 |
|
Quick Ratio |
Units |
0,10 |
0,08 |
0,05 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,91 |
1,64 |
2,04 |
4,07 |
|
Self Financing Ratio |
Units |
0,35 |
0,28 |
0,26 |
0,16 |
|
Capital protection Ratio |
Units |
0,57 |
0,36 |
0,21 |
0,62 |
|
Liabilities consolidation quotient |
Units |
0,49 |
0,22 |
0,15 |
0,10 |
|
Financing |
Units |
1,68 |
2,25 |
2,48 |
4,82 |
|
Permanent Indebtedness Ratio |
Units |
0,55 |
0,41 |
0,35 |
0,27 |
|
M/L term Debts Ratio |
Units |
0,20 |
0,12 |
0,09 |
0,06 |
|
Net Financial Indebtedness Ratio |
Units |
0,36 |
0,51 |
0,20 |
0,66 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
4,13 |
3,71 |
2,82 |
2,78 |
|
Current ratio |
Units |
2,03 |
1,57 |
1,41 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,17 |
0,84 |
0,73 |
0,92 |
|
Structure's primary quotient |
Units |
2,61 |
2,57 |
2,09 |
1,73 |
|
Treasury's primary quotient |
Units |
0,24 |
0,14 |
0,09 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
288,49 |
348,50 |
375,51 |
622,92 |
|
Current Capital ( net ) |
Value |
23.911.167 |
18.145.052 |
12.232.859 |
235.111 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
4,20 |
6,79 |
7,73 |
2,50 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
12,17 |
26,74 |
32,56 |
10,75 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
17,91 |
43,89 |
57,16 |
30,13 |
|
Return on Investment ( R.O.I. ) |
% |
5,19 |
12,67 |
15,66 |
5,93 |
|
Return/ Sales |
% |
4,09 |
9,59 |
12,03 |
4,23 |
|
Extra Management revenues/charges incid. |
% |
81,29 |
60,56 |
55,37 |
31,31 |
|
Cash Flow |
Value |
2.972.406 |
5.082.406 |
4.901.105 |
61.603 |
|
Operating Profit |
Value |
2.894.602 |
7.178.699 |
7.623.709 |
100.723 |
|
Gross Operating Margin |
Value |
3.514.552 |
7.912.986 |
8.303.552 |
141.744 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
67,18 |
89,67 |
83,59 |
126,97 |
|
Debts to suppliers average term |
Days |
96,03 |
108,54 |
117,36 |
150,54 |
|
Average stock waiting period |
Days |
101,18 |
110,80 |
114,30 |
54,95 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,27 |
1,32 |
1,30 |
1,43 |
|
Rate of stock return |
Units |
3,56 |
3,24 |
3,14 |
6,52 |
|
Labour cost incidence |
% |
15,08 |
13,82 |
14,41 |
8,41 |
|
Net financial revenues/ charges incidence |
% |
0,06 |
0,03 |
- 0,33 |
- 0,86 |
|
Labour cost on purchasing expenses |
% |
15,02 |
14,12 |
14,37 |
8,72 |
|
Short-term financing charges |
% |
3,37 |
n.c. |
1,71 |
2,17 |
|
Capital on hand |
% |
78,83 |
75,72 |
76,85 |
69,54 |
|
Sales pro employee |
Value |
273.078 |
231.594 |
258.501 |
432.037 |
|
Labour cost pro employee |
Value |
41.188 |
32.017 |
37.272 |
34.348 |
Credit Opinion
On the basis of the above mentioned, and the sales volume obtained, we deem
that the maximum exposure for short and medium term transactions ( 90 - 120
days ) could be of:
300.000Eur.
Market / Territory Data
|
Population living in the province |
: |
0 |
|
Population living in the region |
: |
1.518.780 |
|
Number of families in the region |
: |
577.034 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
496 |
|
- per non food products |
: |
1.837 |
|
- per energy consume |
: |
122 |
Sector Data
The values are calculated on a base of 2.551 significant companies.
The companies cash their credits on an average of 126 dd.
The average duration of suppliers debts is about 150 dd.
The sector's profitability is on an average of 2,50%.
The labour cost affects the turnover in the measure of 8,41%.
Goods are held in stock in a range of 54 dd.
The difference between the sales volume and the resources used to
realize it is about 1,43.
The employees costs represent the 8,72% of the production costs.
Statistical Detrimental Data
The area is statistically considered lowly risky.
In the region 9.333 protested subjects are found; in the province they
count to 0.
The insolvency index for the region is 0,62, , while for the province it
is .
Total Bankrupt companies in the region : 6.005.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
|
1 |
Rs.73.25 |
|
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 |
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.