MIRA INFORM REPORT
|
Report Date : |
09.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
SEAMARK PLC |
|
|
|
|
Registered Office : |
Hulme Hall Lane, Lord North Street, Manchester, M40 8AD |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
22.01.1991 |
|
|
|
|
Com. Reg. No.: |
02575875 |
|
|
|
|
Legal Form : |
Public Parent Company |
|
|
|
|
Line of Business : |
Storage, processing and wholesaling of frozen seafoods and
poultry |
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 |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
United Kingdom |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Seamark PLC
Ibco Building
Hulme Hall Lane
Lord North Street Miles Platting
Manchester, M40 8AD
United Kingdom
Tel: 0161 202 5000
Synthesis
Employees: 184
Company Type: Public Parent
Corporate Family: 1
Companies
Quoted Status: Non-quoted Company
Incorporation Date: 22-Jan-1991
Auditor: Bdo LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: British
Pound Sterling
Annual Sales: 95.6
1
Net Income: 1.9
Total Assets: 56.0
Business Description
Storage, processing and wholesaling of frozen seafoods and poultry.
Industry
Industry Food Processing
ANZSIC 2006: 1112 - Poultry
Processing
NACE 2002: 1513 - Production
of meat and poultry meat products
NAICS 2002: 31161 - Animal
Slaughtering and Processing
UK SIC 2003: 1513 - Production
of meat and poultry meat products
US SIC 1987: 2015 - Poultry
Slaughtering and Processing
Key Executives
|
Name |
Title |
|
Iqbal Ahmed |
Managing Director |
|
Kamal Ahmed |
Deputy Managing Director |
|
Bilal Ahmed |
Secretary |
News
|
Title |
Date |
|
Wynnum half
makes bid to tackle Thursto |
4-Sep-2011 |
|
Hard-fought
win gives us position of strength |
10-Aug-2011 |
|
Coffee
lovers set up shop in Deer Isle's old high school |
28-Jun-2011 |
|
Working
Opportunity Fund (EVCC) Ltd. Reports Investment in Tekmira Pharmaceuticals
Corporation-GrowthWorks Capital Ltd. |
16-Jun-2011 |
|
Matrix
Announces Change of Portfolio Manager and Update on Meeting Date |
18-May-2011 |
Financial Summary
|
||||||||||||||||||||||
Registered No.(UK): 02575875
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6475734
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123
Corporate Overview
Location
Ibco Building
Hulme Hall Lane
Lord North Street Miles Platting
Manchester, M40 8AD
Greater Manchester County
United Kingdom
Tel: 0161 202 5000
Sales GBP(mil): 61.9
Assets GBP(mil): 35.8
Employees: 184
Fiscal Year End: 31-Dec-2010
Industry: Food Processing
Registered
Address:
Hulme Hall Lane
Lord North Street
Manchester, M40 8AD
United Kingdom
Incorporation Date: 22-Jan-1991
Company Type: Public Parent
Quoted Status: Not Quoted
Registered No.(UK): 02575875
Deputy Managing
Director: Kamal Ahmed
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1120 - Seafood Processing
1112 - Poultry Processing
NACE 2002 Codes:
1513 - Production of meat and poultry meat products
1520 - Processing and preserving of fish and fish products
NAICS 2002 Codes:
31171 - Seafood Product Preparation and Packaging
31161 - Animal Slaughtering and Processing
US SIC 1987:
2092 - Prepared Fresh or Frozen Fish and Seafoods
2015 - Poultry Slaughtering and Processing
UK SIC 2003:
1520 - Processing and preserving of fish and fish products
1513 - Production of meat and poultry meat products
Business
Description
Storage, processing and wholesaling of frozen seafoods and poultry.
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Corporate
Family |
Corporate
Structure News: |
|
Total Corporate Family Members: 1 |
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Manchester |
United Kingdom |
Food Processing |
95.6 |
184 |
|
EXECUTIVE REPORT
|
Executives |
|
|
|
|
|||
|
Deputy Managing Director |
Managing Director |
|
|||
|
Managing Director |
Managing Director |
|
|||
|
Secretary |
Company Secretary |
|
Directors and Shareholders Report
|
Main Office
Address: |
Tel: 0161 202 5000 |
Annual Return Date: 22 Jan 2011 |
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of
Directorships |
|
|
Current |
09 Jan 1964 |
10 Sherbrook Rise, |
22 Jan 1991 |
NA |
Current:4 |
|
|
|
Current |
06 Apr 1960 |
20 Hough Lane, |
22 Jan 1991 |
NA |
Current:4 |
|
|
|
Current |
04 Aug 1956 |
Copster House Hollins Road, |
22 Jan 1991 |
NA |
Current:5 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Directors |
|||||||
|
|
|||||||
|
There are no corporate directors for this company. |
|||||||
|
|
|||||||
|
Individual Secretaries |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
09 Jan 1964 |
10 Sherbrook Rise, |
22 Jan 1991 |
NA |
Current:4 |
|
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Secretaries |
|
|
|
There are no corporate secretaries for this company. |
|
|
Press clippings
Seamark charity
auction boosts hospital project
Manchester Evening
News (Manchester, United Kingdom)
01 September 2011
[What follows is
the full text of the article.]
A CHARITY auction
organised by a Manchester business and attended by 350 guests has raised
PS16,000 for a vital cancer hospital project in Bangladesh.
The evening was
organised and hosted by global food group Seamark, which has its headquarters
on Hulme Hall Lane in Miles Platting. It took place at the Vermilion and
Cinnabar restaurant and bar next door to Seamark's HQ.
The money raised will
go towards a PS33m project to build the Ahsania Mission Cancer and General
Hospital in capital, Dhaka.
More than PS16m
has been raised so far in Manchester and around the UK, as well as the
Bangladeshi government and business community.
The auction was
attended by members of the Bangladeshi community from across the north west.
Seamark founder Iqbal Ahmed plans to make it an annual event.
Mr Ahmed said he
was delighted with the response to the latest fundraising drive, which included
an auction of signed Manchester City and Manchester United memorabilia.
He said: "It
was a fantastic evening and we are delighted with the money that was raised.
"Everyone dug
deep into their pockets to bid for items. We have had great support from the
Bangladeshi community across the region.
"This appeal
is very close to all their hearts, it really is a vitally important project.
"The hospital
will be a muchneeded centre of excellence for cancer treatment in Bangladesh
and something that is badly needed to save lives."
Seamark, which has
a major part of its seafood operation based in Chittagong, Bangladesh, has
previously helped raise PS20,000 towards the project.
Related Topics
· Corporate Ownership
· Corporate Philanthropy & Non-Profit Organizations
· Human Resources
Related Geographies
· Asia
· Bangladesh
Related Industries
· 6732 Educational, religious, etc trusts
·
8062 Hospitals, general medical & surgical Healthcare
Facilities [profile]
· Misc. Financial Services [profile]
· 65230 Other financial intermediation not elsewhere classified
· 85110 Hospital activities
· 7519 Services to Finance and Investment n.e.c.
· 8611 Hospitals (Except Psychiatric Hospitals)
Annual
Profit & Loss
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
0.543438 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
28.6 |
30.7 |
26.6 |
30.9 |
27.5 |
|
Turnover (Exports) |
67.0 |
50.9 |
57.2 |
70.0 |
68.4 |
|
Total Turnover |
95.6 |
81.5 |
83.8 |
100.9 |
95.9 |
|
Cost of Sales |
83.2 |
72.4 |
75.1 |
90.5 |
86.5 |
|
Gross Profit |
12.4 |
9.1 |
8.6 |
10.4 |
9.4 |
|
Depreciation |
0.9 |
1.0 |
1.2 |
1.5 |
1.4 |
|
Other Expenses |
8.9 |
6.2 |
7.3 |
7.6 |
6.5 |
|
Other Income |
0.5 |
0.5 |
0.7 |
0.7 |
3.1 |
|
Interest Paid |
1.1 |
0.9 |
1.7 |
2.1 |
1.8 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Profit Before Taxes |
2.9 |
2.5 |
0.3 |
1.3 |
4.2 |
|
Tax Payable / Credit |
1.0 |
0.8 |
0.2 |
0.6 |
0.9 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
1.9 |
1.6 |
0.1 |
0.7 |
3.3 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Non Audit Fees |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Number of Employees |
184 |
166 |
162 |
117 |
129 |
|
Wages |
5.3 |
3.8 |
4.5 |
4.0 |
3.8 |
|
Social Security Costs |
0.5 |
0.3 |
0.4 |
0.4 |
0.3 |
|
Pensions |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Pension Costs |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employees Remuneration |
5.9 |
4.2 |
4.9 |
4.5 |
4.2 |
|
Directors Emoluments |
1.3 |
0.3 |
0.4 |
0.4 |
0.4 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
1.4 |
0.4 |
0.5 |
0.5 |
0.5 |
|
Highest Paid Director |
0.7 |
0.2 |
0.2 |
0.2 |
0.2 |
Annual
Balance Sheet
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
0.510947 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
16.5 |
17.7 |
16.1 |
22.8 |
15.5 |
|
Fixtures & Fittings |
0.2 |
0.2 |
0.2 |
0.3 |
0.2 |
|
Plant & Vehicles |
0.2 |
0.2 |
0.3 |
0.7 |
1.4 |
|
Total Tangible Fixed Assets |
16.9 |
18.0 |
16.5 |
23.8 |
17.1 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
16.9 |
18.0 |
16.5 |
23.8 |
17.1 |
|
Stocks |
- |
19.6 |
18.6 |
25.7 |
27.2 |
|
Work in Progress |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
20.9 |
19.6 |
18.6 |
25.7 |
27.2 |
|
Trade Debtors |
- |
7.6 |
8.3 |
11.3 |
11.0 |
|
Other Debtors |
- |
3.8 |
3.8 |
13.2 |
12.6 |
|
Total Debtors |
18.1 |
11.4 |
12.1 |
24.5 |
23.6 |
|
Cash and Equivalents |
0.0 |
0.0 |
0.0 |
0.0 |
0.5 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
39.1 |
31.1 |
30.7 |
50.2 |
51.3 |
|
Total Assets |
56.0 |
49.1 |
47.2 |
74.0 |
68.4 |
|
Trade Creditors |
5.0 |
7.0 |
13.2 |
13.5 |
12.2 |
|
Bank Overdraft |
8.6 |
8.7 |
5.0 |
15.5 |
15.8 |
|
Inter-Company Creditors |
- |
- |
- |
- |
0.0 |
|
Director Loans (Current Liability) |
- |
- |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
- |
0.6 |
0.5 |
0.8 |
1.1 |
|
Finance Lease (Current Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.1 |
0.6 |
0.5 |
0.8 |
1.1 |
|
Total Short Term Loans |
- |
- |
- |
- |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
11.4 |
0.8 |
0.1 |
2.4 |
1.3 |
|
Social Security/VAT |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Corporation Tax |
0.4 |
0.6 |
0.1 |
0.7 |
0.7 |
|
Dividends (Current Liability) |
- |
- |
- |
- |
0.0 |
|
Other Current Liabilities |
0.1 |
0.2 |
0.3 |
0.1 |
0.0 |
|
Total Current Liabilities |
25.6 |
18.0 |
19.3 |
33.3 |
31.1 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
- |
0.1 |
0.6 |
1.5 |
2.3 |
|
Leasing (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.1 |
0.6 |
1.5 |
2.3 |
|
Other Long Term Loans |
5.0 |
6.9 |
7.6 |
12.1 |
9.3 |
|
Accruals/Deferred Income (Long Term Liability) |
1.3 |
1.5 |
1.4 |
2.0 |
2.3 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
6.3 |
8.4 |
9.5 |
15.5 |
13.9 |
|
Deferred Taxation |
1.5 |
1.4 |
0.9 |
1.1 |
0.4 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
1.5 |
1.4 |
0.9 |
1.1 |
0.4 |
|
Issued Capital |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
22.5 |
21.2 |
17.4 |
23.9 |
22.9 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
22.6 |
21.3 |
17.5 |
24.1 |
23.0 |
|
Net Worth |
22.6 |
21.3 |
17.5 |
24.1 |
23.0 |
Annual
Cash Flows
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
0.543438 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
4.5 |
0.8 |
12.1 |
8.7 |
3.7 |
|
Net Cash Flow from ROI and Servicing of Finance |
-1.0 |
-0.9 |
-1.6 |
-2.0 |
-1.7 |
|
Taxation |
-1.0 |
-0.2 |
0.0 |
0.0 |
-0.4 |
|
Capital Expenditures |
-0.4 |
-0.5 |
-0.4 |
-7.9 |
3.4 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
-2.2 |
-2.1 |
-0.2 |
1.8 |
-1.5 |
|
Increase in Cash |
-0.2 |
-3.0 |
9.8 |
0.6 |
3.4 |
Annual
Ratios
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
0.510947 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.52 |
1.73 |
1.59 |
1.51 |
1.65 |
|
Liquidity Ratio |
0.71 |
0.64 |
0.63 |
0.74 |
0.77 |
|
Stock Turnover |
4.64 |
4.30 |
3.53 |
3.91 |
3.75 |
|
Credit Period (Days) |
- |
32.93 |
46.09 |
41.10 |
39.47 |
|
Working Capital by Sales |
13.85% |
15.50% |
17.33% |
16.80% |
19.78% |
|
Trade Credit by Debtors |
- |
0.91 |
1.59 |
1.20 |
1.11 |
|
Return on Capital |
9.73% |
8.29% |
0.77% |
3.23% |
12.02% |
|
Return on Assets |
5.27% |
5.26% |
0.46% |
1.77% |
6.55% |
|
Profit Margin |
3.05% |
3.06% |
0.33% |
1.31% |
4.40% |
|
Return on Shareholders Funds |
13.06% |
12.11% |
1.23% |
5.45% |
19.51% |
|
Borrowing Ratio |
60.82% |
76.14% |
78.61% |
124.35% |
123.75% |
|
Equity Gearing |
40.37% |
43.39% |
36.96% |
32.55% |
33.58% |
|
Debt Gearing |
22.30% |
32.61% |
46.85% |
56.28% |
50.49% |
|
Interest Coverage |
2.73 |
2.68 |
0.16 |
0.64 |
2.34 |
|
Sales by Tangible Assets |
5.73 |
4.68 |
3.97 |
4.22 |
5.95 |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.5 |
0.5 |
0.4 |
0.9 |
0.8 |
|
Capital Employed per Employee |
0.2 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Tangible Assets per Employee |
0.1 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Total Assets per Employee |
0.3 |
0.3 |
0.3 |
0.6 |
0.5 |
|
Employee Remuneration by Sales |
6.14% |
5.11% |
5.90% |
4.43% |
4.38% |
|
Creditor Days (Cost of Sales Based) |
21.58 |
33.92 |
81.74 |
54.78 |
48.46 |
|
Creditor Days (Sales Based) |
18.78 |
30.12 |
73.30 |
49.14 |
43.72 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.18 |
|
UK Pound |
1 |
Rs.73.65 |
|
Euro |
1 |
Rs.64.95 |
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.