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Report Date : |
14.04.2012 |
IDENTIFICATION DETAILS
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Name : |
AZHARI IMPORTS CC |
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Registered Office : |
13 Westpark 315 |
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Country : |
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Date of Incorporation : |
10.06.2010 |
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Com. Reg. No.: |
2010/086626/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRAs Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject Name |
AZHARI
IMPORTS CC |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
$
15 000 000 |
|
Enquiry Terms |
D/A |
|
Account Review |
|
|
Subject Contact person |
RIDWAAN
RAZA - DIRECTOR |
|
Assessment |
On
investigation we made contact with the director MR RADWAAN RAZA who declined to
assist with the information on the subject due the information being of a
sensitive nature. As
the information on his company had been previously compromised. Please
see the available information for the subject below. |
|
Registered Name |
AZHARI IMPORTS CC |
|
Trading as/ Division Name |
Unavailable |
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Previous Name |
Unavailable |
|
Date of Name Change |
Unavailable |
|
Registration Number |
2010/086626/23 |
|
Registration Date |
2010-06-10 |
|
Date Commenced Trading |
2010-06-10 |
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Age of Business |
1 Year 10 Months |
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History of Business |
Unavailable |
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History of Principals |
Unavailable |
|
Shareholders and % holding |
Unavailable |
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Authorised Share Capital |
0.0000 |
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Issued Share Capital |
0 |
|
Status |
In Business |
|
Operations Assessment |
Unavailable |
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Industry/ Customers |
Unavailable |
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Export |
Unavailable |
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Major Industry Code / SICC |
Unavailable |
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Definition of Code |
Unavailable |
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Head Office Physical Address |
13 Westpark 315 West Road OVERPORT DURBAN KWAZULU NATAL 4000 |
|
Head Office Postal Address |
PO Box 70973 Overport DURBAN KWAZULU NATAL 4067 |
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Current Tel Number |
Unavailable |
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Cell number |
082 6608240 |
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Current Fax Number |
Unavailable |
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Current Email Address |
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Web Site Address |
Unavailable |
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Company Registered Name |
D. NUNDKISORE & CO |
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Trading Name |
Unavailable |
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Registration Number |
Unavailable |
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Physical Address |
Unavailable |
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Postal Address |
PO Box 5976 RESERVOIR HILLS 4090 |
|
Contact Person |
Unavailable |
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Contact Number |
Unavailable |
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Email |
Unavailable |
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Principals |
Unavailable |
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
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Subject Verified as Client |
Unavailable |
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SAICA number |
Unavailable |
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VAT Number |
Unavailable |
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Tax Number |
Unavailable |
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BEE Status |
Unavailable |
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Financial Year End |
Unavailable |
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Years With Auditors |
2 |
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Website |
Unavailable |
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Company Name |
Phone Number |
Time with previous auditors |
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Vat Number |
4220257234 |
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Status |
Active |
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Vat Liable Date |
2011-01-18 |
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Tax Number |
Unavailable |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
February |
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Status |
Unavailable |
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Score |
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|
Expire Date |
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BEE Certificate Available |
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Type of ISO Grade |
Unavailable |
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ISO Certificate |
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ISO Certificate Available |
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Certified by an Accredited Agent |
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Registered |
Unavailable |
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Compliance Certified |
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Subsidiaries
|
Subsidiary Company |
Unavailable |
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Shareholding |
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Registration Number |
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Import / Export |
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Number of
Employees |
Unavailable |
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1. Salaried
employees |
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2. Waged
employees |
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3. Permanent
employees |
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4. Casual
employees |
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5. Contracted
employees |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
Unavailable |
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1. Cars |
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2. Light
Delivery Vehicles |
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3. Trailers |
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4. Busses |
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5. Trucks |
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6. Fork
Lifts |
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7. Other |
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Offices |
Unavailable |
Head Office Owned/ Rented |
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Rental Company |
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Owned by |
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Value |
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Bond |
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Bank |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Branches Names |
Country |
Province |
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Unavailable |
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Branches Owned/ Rented |
Unavailable |
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Rental Company |
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Owned |
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Value |
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Bank |
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Bond |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Level |
Position |
Name |
|
Unavailable |
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Note: One level up and all
levels down
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Holding |
Company |
Sub |
|
Unavailable |
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Company |
Value |
Contact |
|
Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
Unavailable |
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Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
Unavailable |
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Adverse Information on Subject
Judgements
|
Judgements |
None |
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Possible
Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
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Default Listings
|
Date |
Details |
|
None |
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Notarial Bonds
|
Date |
Details |
|
None |
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|
Bank |
STANDARD BANK |
|
Branch |
Unavailable |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
Unavailable |
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Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
Unavailable |
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Property Interests for Company
|
Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Financial Estimates
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CURRENT ASSETS |
Unavailable |
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Stock |
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Debtors |
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Please note the following:
|
Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
|
Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
|
Number of Principals |
1 |
|
Average Age of Active Principals |
32 |
Active Principals
Principal 1 of 1: RIDWAAN RAZA
|
Surname |
RAZA |
|
First Name |
RIDWAAN |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
8003115074086 |
|
Verified ID Number |
Yes |
|
Current Age |
32 |
|
Designation |
Director |
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Status |
Active |
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Appointment Date |
2010-06-10 |
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Physical Address (at time of Appointment) |
Flat 5 81 Silver Palm Road OVERPORT 4091 |
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Postal Address |
Flat 5 81 Silver Palm Road OVERPORT 4091 |
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Current Tel Number |
031 2078240 |
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Cell number |
082 6609500 |
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Current Fax Number |
Unavailable |
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Current Email Address |
|
|
Shareholding |
100 % |
Adverse
Information for: RIDWAAN RAZA
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: RIDWAAN RAZA
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SWEET AND SMOKERS WHOLESALERS CC |
2005/108919/23 |
In Business |
6 Years 8 Months |
0 |
No |
|
AZHARI IMPORTS CC |
2010/086626/23 |
In Business |
1 Years 10
Months |
0 |
No |
|
BIX-BERRY 110 CC |
B2011/090671/23 |
In Business |
10 Months |
0 |
No |
Previous
Business Interests
|
Average Age of Previous
Business Interests |
5 Years 6 Months |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
RIA LINEN CC |
2006/174898/23 |
Deregistration
Final |
5 Years 6 Months |
0 |
No |
Property
Interests for: RIDWAAN RAZA
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
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Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
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|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.42 |
|
|
1 |
Rs.81.93 |
|
Euro |
1 |
Rs.67.67 |
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 SCs 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.