MIRA INFORM REPORT

 

 

Report Date :           

09.11.2011

 

IDENTIFICATION DETAILS

 

Name :

PRATI, DONADUZZI & CIA LTDA

 

 

Registered Office :

Rua Mitsugoro Tanaka, 145 - Centro Industrial Nilton Alberto Castro Arruda, Zip Code 85903-630 - Toledo/Pr

 

 

Country :

Brazil

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

03.11.1993

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of pharmaceutical products - medicines

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 5.000.000,00

Status :

Satisfactory

Payment Behaviour :

Usually Correct 

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 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Brazil

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

PRATI, DONADUZZI & CIA LTDA

 

 

company ADDRESSES

 

MAIN ADDRESS:

RUA MITSUGORO TANAKA, 145 - CENTRO INDUSTRIAL NILTON ALBERTO CASTRO ARRUDA

ZIP CODE/CITY:

85903-630 - TOLEDO/PR

 

 

PHONE:

45 2103-1156 / 1127

FAX:

45 2103-1156 / 1127

E-MAIL:

genivaldo.esteves@pratidonaduzzi.com.br 

WEB SITE:

www.pratidonaduzzi.com.br

 

BRANCHES:

 

 

 

ADDRESS:

AVENIDA EGYDIO GERONYMO MUNARETTO, S/Nº. KM 3 SALA 03 BAIRRO CESAR PARK

ZIP CODE/CITY:

85915-175 TOLEDO/PR

 

 

ADDRESS:

RUA PASCHOAL SANTILLI, 1660 - VILA RODRIGUES

ZIP CODE/CITY:

19807-220 ASSIS/SP

 

 

ADDRESS:

RODOVIA WASHINGTON LUIZ, 5602 SALA A, LOTE 20, QUADRA 178 - JD. GRAMACHO

ZIP CODE/CITY:

25065-007 DUQUE DE CAXIAS/RJ

 

 

ADDRESS:

RUA DOS TUPINAMBÁS, 1205 GALPÃO 02 - MANGABEIRA

ZIP CODE/CITY:

44056-080 FEIRA DE SANTANA/BA

 

 

ADDRESS:

RUA SENA MADUREIRA, 415 GALPÃO 02 - OURO PRETO

ZIP CODE/CITY:

31340-000 BELO HORIZONTE/MG

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF PHARMACEUTICAL PRODUCTS - MEDICINES.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

03/11/1993

REGISTER DATE:

03/11/1993

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

73.856.593/0001-66

STATE REGISTER:

418.06327-06

 

 

SHARE CAPITAL:

R$ 15.000.000,00

LAST REGISTER OF CAPITAL:

30/07/2010

 

 

BOARD OF DIRECTORS:

 

 

 

CELSO AGUSTINHO PRATI

MANAGING PARTNER

LUIZ DONADUZZI

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

LUIZ DONADUZZI

R$ 8.400.000,00

CELSO AGUSTINHO PRATI

R$ 4.200.000,00

ARNO DONADUZZI

R$ 2.400.000,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

CENTRAL PACK EMBALAGENS LTDA

 

TRANSPORTADORA PRATI DONADUZZI LTDA

 

TOTALPACK IND DE EMBALAGENS LTDA

 

BIOCINESE CENTRO DE ESTUDOS FARMACÊUTICOS LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON NOVEMBER 03, 1993 AS FARMACO INDUSTRIA FARMACEUTICA LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON NOVEMBER 11, 2002 IT ADOPTED THE ABOVE MENTIONED NAME.

 

TRADE NAME: PRATI, DONADUZZI.

 

PARTNERS:

 

LUIZ DONADUZZI: BRAZILIAN, MARRIED, ENTREPENEUR, HOLDER OF DOCUMENTS, RG 1.254.414 SSP/PR, CPF 297.861.939,20, RESIDENTIAL ADDRESS AT RUA CRISSIUMAL 2439, JARDIM LA SALLE, ZIP CODE 85903-290, TOLEDO/PR.

 

CELSO AGUSTINHO PRATI: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF DOCUMENTS, RG 1.447.122 SSP/PR, CPF 336.841.549-20, RESIDENTIAL ADDRESS AT RUA CRISSIUMAL, 2469, JARDIM LA SALLE, ZIP CODE 85903-290, TOLEDO/PR.

 

ARNO DONADUZZI: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF DOCUMENTS, RG 3.321.466-9 SSP/PR, CPF 492.598.069-68, RESIDENTIAL ADDRESS AT RUA LEONARDO FRANCISCO NOGUEIRA 287, JARDIM COOPAGRO, ZIP CODE 85903-400, TOLEDO/PR.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 30/09/2011, 31/12/2010 AND 31/12/2009.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

30/09/2011

31/12/2010

31/12/2009

 

 

 

 

CASH AND BANKS

1.990.757,77

6.169.941,00

2.811.968,00

CLIENTS

69.732.089,93

54.780.069,00

51.759.634,00

INVENTORY

38.316.718,64

31.373.026,00

29.564.685,00

RECOVERABLE TAXES

7.436.732,20

3.625.671,00

2.465.912,00

ADVANCES

9.523.719,32

2.029.867,00

3.142.476,00

OTHER CREDITS

1.396.532,57

 

377.620,00

PRE PAID EXPENSES

720.861,60

376.978,00

505.165,00

 

----------------

----------------

----------------

TOTAL CURRENT ASSETS

129.117.412,03

98.355.552,00

90.627.460,00

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

INVESTMENTS

3.246.588,92

3.897.693,00

3.555.627,00

JUDICIAL DEPOSITS

197.633,55

168.499,00

61.711,00

RECOVERABLE TAXES

1.992.166,85

1.992.167,00

1.875.651,00

INTERCOMPANY CREDITS

 

3.691.431,00

691.081,00

CLIENTS

 

66.026,00

 

OTHER CREDITS

2.389,50

 

 

 

----------------

----------------

----------------

TOTAL LONG-TERM RECEIVABLES

5.438.778,82

9.815.816,00

6.184.070,00

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

98.660.816,29

92.735.574,00

73.166.254,00

INTANGIBLE

2.269.389,47

1.687.381,00

955.197,00

 

----------------

----------------

----------------

TOTAL FIXED ASSETS

100.930.205,76

94.422.955,00

74.121.451,00

 

================

================

================

TOTAL ASSETS

235.486.396,61

202.594.323,00

170.932.981,00

 

LIABILITIES:

 

 

 

CURRENT:

30/09/2011

31/12/2010

31/12/2009

 

 

 

 

LOANS AND FINANCING

42.011.026,68

32.444.987,00

32.697.100,00

SUPPLIERS

28.742.062,85

20.925.189,00

21.434.184,00

LABOR OBLIGATIONS

16.270.813,46

9.407.858,00

8.228.657,00

TRIBUTARY OBLIGATIONS

13.807.691,15

1.830.218,00

648.822,00

INSTALLMENTS TAXES PAYABLE

 

7.980.697,00

10.531.289,00

ADVANCES

 

380.427,00

277.294,00

COMMISSIONS DUE

3.013.785,44

2.569.485,00

 

OTHER DEBTS

143.577,72

 

 

MUTUAL CONTRACT

2.757.913,73

 

 

 

----------------

----------------

----------------

TOTAL CURRENT LIABILITIES

106.746.871,03

75.538.861,00

73.817.346,00

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

19.737.670,75

26.234.470,00

29.601.288,00

SUPPLIERS

 

 

82.302,00

INSTALLMENTS TAXES PAYABLE

36.108.098,82

36.150.046,00

21.632.694,00

DEFERRED TAXES

 

633.376,00

361.465,00

RELATED COMPANIES

 

4.506.784,00

1.874.202,00

 

----------------

----------------

----------------

TOTAL LONG TERM LIABILITIES

55.845.769,57

67.524.676,00

53.551.951,00

 

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

15.000.000,00

15.000.000,00

12.900.000,00

PROFIT RESERVES

57.893.756,01

37.697.188,00

30.663.684,00

OTHER COMPREHENSIVE INCOME

 

6.833.598,00

 

 

----------------

----------------

----------------

TOTAL NET EQUITY

72.893.756,01

59.530.786,00

43.563.684,00

 

================

================

================

TOTAL LIABILITIES

235.486.396,61

202.594.323,00

170.932.981,00

 

PROFIT AND LOSS ACCOUNTS AS OF 30/09/2011, 31/12/2010 AND 31/12/2009.

( FIGURES ARE IN REAIS ).

 

 

30/09/2011

31/12/2010

31/12/2009

 

 

 

 

GROSS SALES

265.360.995,16

281.105.898,00

247.522.040,00

(-) TAXES ON SALES

39.046.932,95

41.295.673,00

37.426.689,00

 

----------------

----------------

----------------

NET SALES

226.314.062,21

239.810.225,00

210.095.351,00

(-) COST OF SOLD GOODS

130.585.564,90

151.490.846,00

132.719.642,00

 

----------------

----------------

----------------

GROSS PROFIT

95.728.497,31

88.319.379,00

77.375.709,00

OPERATING REVENUE (EXPENSE)

-66.285.942,47

-62.713.258,00

-56.206.688,00

FINANCIAL REVENUE(EXPENSE)

-11.035.910,74

-8.920.761,00

-4.906.232,00

 

----------------

----------------

----------------

OPERATIONAL PROFIT (LOSS)

18.406.644,10

16.685.360,00

16.262.789,00

NON-OPERATING RESULT

-90.877,23

 

 

CONTRIBUTION/INCOME TAX

 

-2.448.220,00

-2.344.577,00

 

----------------

----------------

----------------

NET PROFIT (LOSS)

18.315.766,87

14.237.140,00

13.918.212,00

 

MONTHLY SALES

 

  2011

 

 

 

---------------------

 

 

JANUARY

R$ 23.770.996,30

 

 

FEBRUARY

R$ 23.871.430,07

 

 

MARCH

R$ 30.838.992,52

 

 

APRIL

R$ 27.750.759,91

 

 

MAY

R$ 30.098.024,73

 

 

JUNE

R$ 29.565.548,04

 

 

JULY

R$ 30.824.601,98

 

 

AUGUST

R$ 32.217.461,28

 

 

SEPTEMBER

R$ 32.722.551,26

 

 

OCTOBER

 

 

 

NOVEMBER

 

 

 

DECEMBER

 

 

 

TOTAL

R$ 261.660.366,09

 

 

 

 

RATIOS:

30/09/2011

31/12/2010

31/12/2009

 

QUICK RATIO

,85

 

,89

 

,83

 

CURRENT RATIO

1,21

 

1,30

 

1,23

 

ACCOUNTS RECEIVABLE TURNOVER

3,25

TIMES

4,38

TIMES

4,06

TIMES

DAYS' SALES IN RECEIVABLES

83,19

DAYS

82,24

DAYS

88,69

DAYS

INVENTORY TURNOVER

3,41

TIMES

4,83

TIMES

4,49

TIMES

ACCOUNTS PAYABLE PERIOD

59,43

DAYS

49,73

DAYS

58,14

DAYS

RETURN ON ASSETS

,96

TIMES

1,18

TIMES

1,23

TIMES

SALES TURNOVER ON NET EQUITY

3,10

TIMES

4,03

TIMES

4,82

TIMES

NET WORTH TIE-UP

1,35

 

1,56

 

1,68

 

INDEBTEDNESS

2,23

 

2,40

 

2,92

 

EQUITY RATIO

30,95

%

29,38

%

25,49

%

WORKING CAPITAL RATIO

20,96

%

30,21

%

22,77

%

GENERAL SOLVENCY

1,45

 

1,42

 

1,34

 

RETURN ON NET EQUITY

25,13

%

23,92

%

31,95

%

RETURN ON SALES (PROFIT MARGIN)

8,09

%

5,94

%

6,62

%

GROSS PROFIT MARGIN

42,30

%

36,83

%

36,83

%

OPERATIONAL RESULT

8,13

%

6,96

%

7,74

%

SALES TURNOVER ON LIABILITIES

2,12

TIMES

3,17

TIMES

2,85

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 1,75

 - OFFICIAL RATE ON 07/11/2011

US$ 1,00 = R$ 1,85

 - OFFICIAL RATE ON 30/09/2011

US$ 1,00 = R$ 1,66

 - OFFICIAL RATE ON 31/12/2010

US$ 1,00 = R$ 1,74

 - OFFICIAL RATE ON 31/12/2009

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.

 

THE ANNUAL FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS VERY HIGH BUT IT HAS NORMAL CURRENT RATIO AND POSITIVE WORKING CAPITAL AMOUNT AS WELL AS GROWING SALES AND PROFITABILITY.

 

THE INTERIM FIGURES FOR SEPTEMBER 2011 SHOW MAINTENANCE IN THE FINANCIALS. THE INDEBTEDNESS KEEPS HIGH BUT THE LIQUIDITY IS NORMAL; IN ADDITION IT IS NOTED GROWING SALES TREND AND THE OPERATIONS ARE PROFITABLE.

 

REAL ESTATE:

Owned PREMISES ARE VALUED AT R$ 26.816.681,00

 

VEHICLES:

OWNED VEHICLES ARE VALUED AT R$ 2.016.213,00

 

MACHINES:

OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 31.843.232,00

 

 

INSURANCE

 

INSURANCE COMPANY:

NOT AVAILABLE

COVERAGE:

VEHICLES AND CORPORATE

VALUE:

R$ 110.130.000,00

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO DO BRASIL S/A

34029   45 3333-5506

 

BANCO BRADESCO S/A

45 3224-4534

CASCAVEL/PR

BANCO ITAU S/A

0316   45 3225-0044

 

BANCO REAL (SANTANDER) S/A

 

TOLEDO/PR

BANCO SAFRA S/A

 

CASCAVEL/PR

HSBC BANK BRASIL S/A

 

CASCAVEL/PR

 

REMARKS: IN BRAZIL THE BANKS ARE PROHIBITED BY LAW TO PROVIDE INFORMATION OR ANY KIND OF COMMENTS ABOUT THEIR CLIENTS. DUE TO THIS LAW PROHIBITION WE ARE UNABLE TO PROVIDE ANY BANKING DETAILS.

 

ACCORDING TO THE CENTRAL BANK OF BRAZIL OFFICIAL REPORT, THE COMPANY HAS NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK").

 

 

ACTIVITIES COMMENTS

 

THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF CHEMICAL PHARMACEUTICAL PRODUCTS - MEDICINES.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

INDIA, MEXICO, ISRAEL, SWITZERLAND, GERMANY, SPAIN, CHINA AND UNITED STATES.

 

EXPORTS TO:

THE COMPANY DOES NOT EXPORT.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

CITY:

 

AMERICAN FARMA DIST. LTDA

SÃO PAULO/SP

 

ASSECAM DIST. HOSP. LTDA

SÃO PAULO/SP

 

BH FARMA COMÉRCIO LTDA

BELO HORIZONTE/MG

 

COM. CIRURGICA RIO CLARENCE

 

 

DEPARTAMENTO ADM. DA COORD. DA SAUDE SISTEMA PENITENCIÁRIO

SÃO PAULO/SP

 

DIST. DE MEDICAMENTOS BRASIL MIRACEMA

 

 

DROGA FORTE

RECIFE/PE

 

DROGARIA SÃO PAULO S/A

SÃO PAULO/SP

 

DROGASIL S/A

SÃO PAULO/SP

 

HEALTHENICA PROD. HOSPILARES LTDA

SÃO PAULO/SP

 

HIFON DISTR. LTDA

SÃO PAULO/SP

 

MEDISIL COM. FARMA. HOSP. LTDA

 

 

PRO-DIET FARMACEUTICA LTDA

CURITIBA/PR

 

REPRESS DIST. LTDA

SÃO PAULO/SP

 

TOTAMED COM. PROD. FARM. HOSP. LTDA

SÃO PAULO/SP

 

 

STAFF:

 

THE COMPANY HAS: 2545 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1993. SO FAR IT OPERATES WITH HIGH SCALE OF ACTIVITIES, A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR.

 

THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL. THE SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

CITY:

PHONE:

AB FARMO QUIMICA

ABÁPILIS/GO

11 2161-0811

ALCOA ALUMINIO S/A

SÃO PAULO/SP

 

AVENTIS PHARMA S/A

 

 

BISFARMA INDUSTRIA DE EMBALAGENS LTDA

PEDREIRA/SP

 

CIA INDUSTRIAL DE VIDROS - CIV

VITÓRIA DE STO. ANTÃO/PE

81 3523-1997

LABORATÓRIOS PFIZER LTDA

GUARULHOS/SP

11 6464-7344

LOGISTICA GERAL LTDA

GUARULHOS/SP

 

M CASSAB INDUSTRIA E COMERCIO LTDA

SÃO PAULO/SP

11 5522-7788

RIPASA S/A

SÃO PAULO/SP

 

TOCAUTO CAMINHÕES LTDA

 

99 2101-3200

VALDEQUIMICA PRODUTOS QUIMICOS LTDA

 

11 3721-1077

VEDAT TAMPAS HERMELICAS LTDA

EMBÚ/SP

11 2133-1212

WILLETT LTDA

SÃO PAULO/SP

 

 

FOREIGN SUPPLIERS:

COUNTRY:

 

ALEMBIC LTDA

INDIA

 

COMWIN INTERNATIONAL LTD

SWITZERLAND

 

DABUR INDIA

INDIA

 

INLERLUDE COMPANY S/A

UNITED STATES

 

MOHS CATALANA S/A

SPAIN

 

SHIJIAHUANG PHARM

CHINA

 

SRWKA GMBH

GERMANY

 

ZHEJIANG

CHINA

 

 

PAYMENT HISTORY:

 

29 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 1.422.901,00

 

AMOUNT OF INVOICES PAID: 372

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 47.658,00

HIGHEST CREDIT: R$ 47.658,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 60 DAYS:

 

---------------------------

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

3

12

R$ 151.700,44

DUE WITHIN 60 DAYS

1

2

R$ 40.293,34

ALL

3

14

R$ 191.993,78

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR OVER 10 YEARS. UP TO DATE IT HAS A SATISFACTORY FINANCIAL STANDING, A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR.

 

BASED ON THE GENERAL INFORMATION AVAILABLE IT IS BELIEVED THAT GOOD TRADE RELATIONS MAY BE ESTABLISHED. CREDIT FACILITIES MAY BE EXTENDED WITHIN TERMS AND AMOUNTS ADEQUATE TO THE COMPANY'S FINANCIAL STRENGTH.

 

AN INITIAL CREDIT LIMIT OF USD 5.000.000,00 MAY BE CONSIDERED.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.38

UK Pound

1

Rs.79.20

Euro

1

Rs.67.84

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.