MIRA INFORM REPORT
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Report Date : |
21.09.2011 |
IDENTIFICATION DETAILS
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Name : |
GM KOREA COMPANY |
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Formerly Known As : |
GM DAEWOO AUTO & TECHNOLOGY COMPANY |
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Registered Office : |
199-1, Cheongcheon 2-dong, Bupyeong-gu, Incheon, Korea, Zip Code 403-857 |
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Country : |
South korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
07.08.2002 |
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Com. Reg. No.: |
122-81-74534 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacture of Passenger Motor Vehicles |
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 : |
Good |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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South korea
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a1 |
a1 |
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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 |
Basic
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Company
Name |
GM KOREA COMPANY (Ex. Company Name : GM DAEWOO AUTO & TECHNOLOGY COMPANY, “지엠대우오토앤테크놀로지(주)”) (Korean Company Name : “한국지엠(주)”) |
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Registered Address |
199-1, Cheongcheon 2-dong, Bupyeong-gu,
Incheon, Korea |
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Zip Code |
403-857 |
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Tel |
+82-32-520-2114 |
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Fax |
+82-32-520-4658 |
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E-mail |
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Website |
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Trading Address |
199-1, Cheongcheon 2-dong, Bupyeong-gu,
Incheon, Korea |
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Tel |
+82- 32-520-5147 |
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Fax |
+82-32- 520-4653 |
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Other Address-Boryeong Factory |
1227-1, Gwanchang-ri, Jugyo-myeon,
Boryeong-si, Chungcheongnam-do, Korea |
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Tel |
+82-41-939-5114 |
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Fax |
+82-41-931-2177 |
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Other Address-Gunsan Factory |
GM Daewoo Auto & Technology Company, 1589, Soryong-dong,
Gunsan-si, Jeollabuk-do, Korea |
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Tel |
+82-63-469-5114 |
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Fax |
+82-55-469-5177 |
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Other Address-Changwon Factory |
GM Daewoo Auto & Technology Company, 23, Seongju-dong,
Changwon-si, Gyeongsangnam-do, Korea |
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Tel |
+82-55-282-8456 |
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Fax |
+82-55-236-3339 |
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Type |
Export/Import |
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Industry |
Manufacture of Passenger Motor Vehicles |
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Main Business |
Automobile, Automotive Parts |
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Established (mm/dd/yyyy) |
08/07/2002 |
The Subject owns the premises of registered HQ address, Boryeong Factory, Gunsan
Factory and Changwon Factory.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Transportation components and
systems(25170000) |
|
Sell |
Automobiles or cars(25101503) |
CEO’s
|
Name |
Mike Akamon |
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Address |
71-2, Nonhyeon-dong, Gangnam-gu, Seoul, Korea |
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Date of Birth |
07/03/1958 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Canadian |
Profiles
|
Capital (KRW) |
166,322,885,200 |
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Employees |
16,826 |
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Formation |
Co., Ltd by shares Foreign Direct Investment Corporation |
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Bank Details |
Korea Development Bank Woori Bank Korea Exchange Bank Shinhan Bank |
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Corporate Registered No. |
120111-0294124 |
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Business Registered No. |
122-81-74534 |
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Permit & Licenses |
11/12/1993 ISO 9001 by TUV 12/2003 LACETTI: 1st-Rank in KP
Quality Competitive Power Int’l Trade No.: 421191 |
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Shareholder Position |
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Company History |
04/30/2002
Agreed on the Master Transaction Agreement(MTA) with General Motors Corporation-USA, Daewoo Motor Company and
Korea Development Bank Master
Transaction Agreement 08/07/2002
Incorporated as GM DAEWOO AUTO & TECHNOLOGY COMPANY 09/23/2002 Increased the authorized shares
to 500,000,000 shares from 1,200,000 KRW 10/17/2002
Acquired the assets and liabilities on the automobile division from Daewoo
Motor Company 03/26/2003
Changed Korean company name to GM DAEWOO AUTO & TECHNOLOGY COMPANY 05/24/2004
Acquired the assets and liabilities on Auto Transmission Division from Daewoo
Power Train Co., Ltd. based on Asset
Purchase Agreement(APA) 10/27/2005
Acquired the assets and liabilities on the automobile manufacturing Division
from Daewoo Incheon Motor Co., Ltd. based on Newco B Asset Transfer and
Liability Assumption Agreement(ATA) 03/27/2007 increased capital to 101,245,084,400 KRW from
101,234,871,200 KRW 03/26/2008 Increased capital to 101,247,148,000 KRW from
101,245,084,400 KRW 10/28/2009
Increased capital to 166,322,885,200 KRW from 101,247,148,000 KRW 03/01/2011
Changed company name to the present name |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Mike Akamon |
Male |
Canadian |
10/01/2009 |
|
Director |
Mr. |
Timothy Iri |
Male |
USA |
03/26/2010 |
|
Director |
Mr. |
Michael Milikin |
Male |
USA |
09/23/2002 |
|
Director |
Mr. |
Cheng Jing Ray |
Male |
Chinese |
03/22/2005 |
|
Director |
Mr. |
Rowel C. Pedok |
Male |
USA |
03/26/2010 |
|
Director |
Mr. |
Susan Ido Churty |
Male |
USA |
12/03/2010 |
|
Director |
Mr. |
Lee Seung-Hoon |
Male |
Korean |
12/03/2010 |
|
Outside Director |
Mr. |
Oh Jong-Name |
Male |
Korean |
03/26/2008 |
|
Outside Director |
Mr. |
Park Soon-Hwa |
Male |
Korean |
08/22/2008 |
|
Outside Director |
Mr. |
Seo Seung-Il |
Male |
Korean |
04/12/2011 |
|
Auditor |
Mr. |
Min Kyung-Moon |
Male |
Korean |
04/12/2011 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
12,597,422,293,147 |
7,827,531,121,227 |
585,550,732,137 |
|
|
2009 |
9,532,541,913,373 |
8,172,726,941,644 |
(-)343,746,932,232 |
|
2008 |
12,310,655,134,698 |
8,853,286,368,884 |
(-)875,693,902,083 |
|
2007 |
12,513,655,390,999 |
7,949,447,236,134 |
540,514,081,706 |
|
2006 |
9,604,122,251,066 |
7,315,424,424,889 |
601,715,007,785 |
|
2005 |
7,531,273,630,562 |
6,467,805,295,782 |
65,463,786,954 |
|
2004 |
6,051,631,125,618 |
5,957,769,453,806 |
(-)172,844,544,834 |
|
2003 |
4,276,923,438,455 |
4,580,976,549,986 |
(-)222,635,374,932 |
Financial Description
|
Authorized Capital(KRW) |
200,000,000,000 |
|
Paid-Up Capital(KRW) |
166,322,885,200 |
|
Total Issues Shares |
415,807,213(Common: 415,481,799 / Preferable: 325,414) |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
7,827,531,121,227 |
8,172,726,941,644 |
8,853,286,368,884 |
|
Current Assets |
3,806,046,024,035 |
4,478,747,149,496 |
4,889,754,157,226 |
|
-Quick Assets |
2,533,598,571,835 |
3,652,531,761,393 |
3,675,628,281,427 |
|
-Inventories |
1,272,447,452,200 |
826,215,388,103 |
1,214,125,875,799 |
|
Fixed Assets |
4,021,485,097,192 |
3,693,979,792,148 |
3,963,532,211,658 |
|
-Investment |
403,682,962,706 |
363,085,104,821 |
439,202,558,563 |
|
-Tangibles |
4,072,929,641,471 |
3,923,774,491,327 |
4,120,301,821,571 |
|
-Intangibles |
-1,209,252,891,919 |
-1,255,661,996,521 |
-1,296,462,754,968 |
|
-Others |
754,125,384,934 |
662,782,192,521 |
700,490,586,492 |
|
Total Liabilities |
5,061,596,293,994 |
6,346,182,081,145 |
7,789,550,538,309 |
|
Current Liabilities |
3,809,721,274,540 |
4,987,764,562,541 |
5,854,253,146,711 |
|
Fixed Liabilities |
1,251,875,019,454 |
1,358,417,518,604 |
1,935,297,391,598 |
|
Capital Stock |
166,322,885,200 |
166,322,885,200 |
101,247,148,000 |
|
Capital Surplus |
2,579,820,807,662 |
2,575,439,858,770 |
2,149,695,532,973 |
|
Profit Surplus |
39,891,448,149 |
-545,659,283,988 |
-201,912,351,756 |
|
Capital Adjustment |
-20,100,313,778 |
-369,558,599,483 |
-985,294,498,642 |
|
Total Equity |
2,765,934,827,233 |
1,826,544,860,499 |
1,063,735,830,575 |
|
Liab. &
Shareholder’s Equity |
7,827,531,121,227 |
8,172,726,941,644 |
8,853,286,368,884 |
|
Current Liabilities |
3,809,721,274,540 |
4,987,764,562,541 |
5,854,253,146,711 |
|
Trade Payables |
2,183,849,159,718 |
1,841,121,426,020 |
1,659,302,721,064 |
|
Short-Term Borrowings |
196,182,849,023 |
1,381,959,642,924 |
965,922,896,848 |
|
Current Portion of Long-Term Borrowings |
- |
- |
125,800,000,000 |
|
Current Portion of Finance Lease Debts |
1,223,992,620 |
1,832,532,935 |
1,124,389,800 |
|
Account Payables |
488,598,374,101 |
387,203,019,833 |
591,587,950,755 |
|
Accrued Expenses |
577,265,571,142 |
537,451,005,842 |
504,981,126,501 |
|
Advance Receipts |
83,609,553,528 |
45,543,522,355 |
48,201,065,275 |
|
Unearned Income |
50,913,652,125 |
437,454,708 |
9,434,050,258 |
|
Current Portion of Provision for Sales Guarantee |
82,439,144,648 |
94,881,482,457 |
131,561,649,166 |
|
Derivatives |
128,112,903,903 |
684,915,556,885 |
1,804,555,766,343 |
|
Others |
17,526,073,732 |
12,418,918,582 |
11,781,530,701 |
|
Fixed Liabilities |
1,251,875,019,454 |
1,358,417,518,604 |
1,935,297,391,598 |
|
Long-Term Borrowings |
151,843,294,155 |
204,868,787,126 |
- |
|
Finance Lease Debts |
- |
794,046,830 |
678,011,602 |
|
Long-Term Account Payables |
193,098,957,464 |
54,173,109,610 |
40,717,828,445 |
|
Long-Term Guarantee Deposit
Withhold |
5,295,643,270 |
5,083,215,770 |
4,650,926,527 |
|
Long-Term Unearned Income |
11,394,153,678 |
98,309,295,928 |
2,187,116,860 |
|
Provision for Recovery |
1,032,780,489 |
946,023,647 |
545,683,667 |
|
Provision for Sales Guarantee |
224,536,287,661 |
200,665,101,827 |
240,911,146,344 |
|
Provision for Severance & Retirement |
781,464,424,937 |
720,899,855,657 |
682,077,621,236 |
|
Long-Term Derivatives |
- |
193,499,085,655 |
1,084,190,766,739 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
12,597,422,293,147 |
9,532,541,913,373 |
12,310,655,134,698 |
|
Cost of Sold Goods |
11,421,727,195,595 |
8,599,786,306,218 |
10,983,137,097,594 |
|
Gross Profit |
1,175,695,097,552 |
932,755,607,155 |
1,327,518,037,104 |
|
Selling & Admin. Expenses |
1,100,025,000,842 |
777,652,910,280 |
1,037,211,403,754 |
|
Operating Income |
75,670,096,710 |
155,102,696,875 |
290,306,633,350 |
|
Non-Operating Income |
1,194,001,785,461 |
1,216,317,498,646 |
1,527,315,412,372 |
|
Non-Operating Expenses |
854,494,930,399 |
1,572,591,612,426 |
3,085,113,553,326 |
|
Income Before Taxes |
415,176,951,772 |
-201,171,416,905 |
1,267,491,507,604 |
|
Income Taxes Expenses |
-170,373,780,365 |
142,575,515,327 |
-391,797,605,521 |
|
Net Income |
585,550,732,137 |
-343,746,932,232 |
875,693,902,083 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
876,390,427,045 |
39,843,379,435 |
-304,123,362,367 |
|
-Net Income |
585,550,732,137 |
-343,746,932,232 |
-875,693,902,083 |
|
-Exp. without Cash Outflow |
696,021,824,298 |
844,300,509,368 |
2,170,846,274,863 |
|
-Revenue
without Cash Inflows |
-369,378,182,985 |
-422,893,204,802 |
-428,315,432,387 |
|
-Changes in
Asset/ & Liability |
-35,803,946,405 |
-37,816,992,899 |
-1,170,960,302,760 |
|
Cash Flows
from Investing |
-531,848,390,436 |
-271,327,115,273 |
-552,041,273,148 |
|
-Cash Inflow
from Investing |
82,895,053,285 |
68,204,809,487 |
6,063,682,721 |
|
-Cash
Outflows for Investing |
-614,743,443,721 |
-339,531,924,760 |
-558,104,955,869 |
|
Cash Flows
from Financing |
-1,240,236,815,099 |
999,178,774,203 |
646,413,317,060 |
|
-Cash
Inflows from Financing |
387,633,116,236 |
1,355,017,985,066 |
981,047,317,049 |
|
-Cash
Outflows from Financing |
-1,627,869,931,335 |
-355,839,210,863 |
-334,633,999,989 |
|
Increase/Decrease
in Cash |
-895,739,295,463 |
768,941,365,270 |
-211,887,704,022 |
|
Cash at the Beginning of Year |
1,155,623,853,585 |
386,682,488,315 |
598,570,192,337 |
|
Cash at the End of Year |
259,884,558,122 |
1,155,623,853,585 |
386,682,488,315 |
Products, Technologies, Services Description
|
Main Products & Services |
Automobile, Automotive Parts 1. MATIZ II: was developed in compliance with
the latest European safety standards and 40% offset collision test criteria. 2. KALOS: The subcompact Kalos earned a
four-star rating in a collision test conducted by Korea transportation Safety
Authority. 3. LACETTI: was designed with safety, performance,
engine efficiency, low noise and driving comfort in mind 4. REZZO: Rezzo's new top-of-the-line
Diamond series offers imporved safety features such as an additional
passenger seat airbag 5. MAGNUS: The 2004 Magnus has improved
safety features and now offers benefits that were previously only available
on the high-end L6 Magnus 2.5. |
|
Annual Production(EA) |
902,000 EA |
Trade Partners & Competitors
|
Suppliers |
FINE ACE TECHNOLOGY CO., LTD. 853-10, OE-DONG, CHANGWON-CITY, GYEONGNAM-DO
641-020 KOREA TEL: 82-55-239-3500 FAX: 82-55-264-9615 INDUSTRY: MANUFACTURE OF ALL OTHER SPECIAL
PURPOSE MACHINERY, N.E.C. DONG KWANG TECH CO., LTD. 681-1, JAKJEON 3-DONG, GYEYANG-GU, INCHEON
407-821 KOREA TEL: 82-32-551-7611 FAX: 82-32-551-7613 INDUSTRY: MANUFACTURE OF PARTS AND
ACCESSORIES FOR MOTOR VEHICLE BODY MANDO CORPORATION 343-1, MANHO-RI, POSEUNG-MYEON,
PYEONGTAEK-CITY, GYEOONGGI-DO 451-821 KOREA TEL: 82-31-680-6114 FAX: 82-31-681-0151 INDUSTRY: MANUFACTURE OF OTHER PARTS AND
ACCESSORIES FOR MOTOR VEHICLES |
|
Customers |
DAEWOO MOTOR SALES CORPORATION(120111-0005414) is in charge of the
domestic sales of the subject company’s products as a Non-exclusive retailer,
based on GM Daewoo Auto & Technology Company Retailer Agreement. FABRYKA SAMOCHODOW OSOBOWYCH SPOLKA
AKCYJNA(FSO) is manufacturing its products by purchasing the parts from the
Subject Company according to Contract Assembly Agreement since 10/21/2006. |
|
Competitors |
HYUNDAI MOTOR COMPANY KIA MOTORS CO., LTD. RENAULT-SAMSUNG MOTOR COMPANY |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
GENERAL MOTORS CORP. GENERAL MOTORS INVESTMENT PTY LTD. CHEVROLET AUSTRIA GMBH GENERAL MOTORS DAEWOO AUTO AND TECHNOLOGY
CIS LLC. CHEVROLET NEDERLAND B.V. CHEVROLET DEUTSCHLAND GMBH CHEVROLET PORTUGAL, LDA. CHEVROLET EURO PARTS CENTER B.V. CHEVROLET FINLAND OY CHEVROLET FRANCE SAS CHEVROLET SOUTHEAST EUROPE KFT. CHEVROLET ESPANA, S.A. CHEVROLET ITALIA S.P.A. CHEVROLET SVERIGE AB CHEVROLET SUISSE SA CHEVROLET UK LIMITED VIETNAM DAEWOO MOTOR CO., LTD. AMERICA SUZUKI MOTOR CORP. GENERAL MOTORS CORP. GENERAL MOTORS OF CANADA LIMITED NORTH AMERICA INTERNATIONAL PRODUCT CENTER SHANGHAI GENERAL MOTORS CO., LTD. HOLDEN'S ENGINE COMPANY SHANGHAI GM DONG YUE MOTORS GENERAL MOTORS COLMOTORES S.A. GENERAL MOTORS VENEZOLANA S.A. HOLDEN LTD. ADAM OPEL AG. GENERAL MOTORS SOUTH AFRICA LTD. GENERAL MOTORS CHILE S.A. SGM DY POWER TRAIN COMPANY LTD. GENERAL MOTORS INDIA PVT. LTD. GENERAL MOTORS THAILAND LTD. GENERAL MOTORS DEL ECUADOR S.A. SAIC GM WULING AUTOMOBILE CO., LTD GMSPO CANADA CHEVROLET SALES THAILAND LTD. GENERAL MOTORS AFRICA AND MIDDLE EAST GENERAL MOTORS DE MEXICO GM POWERTRAIN-GERMANY GMBH VEHICLE SALES, SERVICE AND MARKETING GM APO HOLDINGS LLC |
|
Subsidiary |
CHEVROLET EUROPE GMBH (100.0% held by the subject company) CHEVROLET AUSTRIA GMBH (100.0% held by the subject company) GENERAL MOTORS DAEWOO AUTO AND TECHNOLOGY
CIS LLC. (100.0% held by the subject company) CHEVROLET NEDERLAND B.V. (100.0% held by the subject company) CHEVROLET DEUTSCHLAND GMBH (100.0% held by the subject company) CHEVROLET PORTUGAL, LDA. (100.0% held by the subject company) CHEVROLET EURO PARTS CENTER B.V. (100.0% held by the subject company) CHEVROLET FINLAND OY (100.0% held by the subject company) CHEVROLET FRANCE SAS (100.0% held by the subject company) CHEVROLET SOUTHEAST EUROPE KFT. (100.0% held by the subject company) CHEVROLET ESPANA, S.A. (100.0% held by the subject company) CHEVROLET POLAND SP.Z O.O. (100.0% held by the subject company) CHEVROLET ITALIA S.P.A. (100.0% held by the subject company) CHEVROLET SVERIGE AB (100.0% held by the subject company) CHEVROLET SUISSE SA (100.0% held by the subject company) CHEVROLET OTOMOTIV TICARET LTD. STI. (100.0% held by the subject company) CHEVROLET UK LIMITED (100.0% held by the subject company) VIETNAM DAEWOO MOTOR CO., LTD. (100.0% held by the subject company) |
|
Corporate Ownership |
GENERAL MOTORS COMPANY(GM)-Newly established
as of 07/10/2009 GENERAL MOTORS INVESTMENT PTY LTD. |
|
Major Shareholders |
GENERAL MOTORS INVESTMENT PTY LTD. |
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) LIG INSURANCE CO., LTD.(110111-0017859) DONGBU INSURANCE CO., LTD.(110111-0095285) -GM Daewoo Auto & Technology Company Retailer
Agreement(Non-exclusive retailer) with DAEWOO MOTOR SALES CORPORATION(120111-0005414) It has been expired as of 03/09/2010. - Working Capital Agreement with Korea Development Bank(110135-0000937) - Contract Assembly Agreement with FABRYKA SAMOCHODOW OSOBOWYCH SPOLKA AKCYJNA(FSO) |
Sales by Region
(Activity &
Markets)
|
Sales/ Unit : KRW |
2010 |
2009 |
2008 |
|
Export |
10,840,136,372,554 |
7,991,691,845,529 |
11,039,414,843,699 |
|
Domestic |
1,757,285,920,593 |
1,540,850,067,844 |
1,271,240,290,999 |
|
Total |
12,597,422,293,147 |
9,532,541,913,373 |
12,310,655,134,698 |
The Subject exports
to USA.
Court Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
Seoul High Court |
- |
The Subject
Company |
Salaries |
3,499 |
The Subject has been defeated partially at 1st round, and 2nd
round is proceeding. |
|
|
Incheon District
Court |
- |
The Subject
Company |
Salaries |
406 |
1st round is proceeding. |
It is known that there are several cases in proceeding, but the subject considers
these claims can be settled within the insurance policy.
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.22 |
|
UK Pound |
1 |
Rs.75.63 |
|
Euro |
1 |
Rs.65.65 |
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.