MIRA INFORM REPORT

 

 

Report Date :

04.12.2012

 

IDENTIFICATION DETAILS

 

Name :

OBSCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU "SVEZA-LES"

 

 

Registered Office :

69-th km MKAD, bldg. 17, Business center "GRINVUD", Putilkovo Village, Krasnogorskiy District, Moscow Region, 143441

 

 

Country :

Russia

 

 

Financials (as on) :

01.01.2008

 

 

Date of Incorporation :

2000

 

 

Reg. No.:

1027739019076

 

 

Legal Form :

Limited Liability Company by Russian Law

 

 

Line of Business :

Manufacture and sales of wood-shaving plate and plywood.

 

 

No. of Employees :

1000 (approx.)

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Russia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

russia - ECONOMIC OVERVIEW

 

Russia has undergone significant changes since the collapse of the Soviet Union, moving from a globally-isolated, centrally-planned economy to a more market-based and globally-integrated economy. Economic reforms in the 1990s privatized most industry, with notable exceptions in the energy and defense-related sectors. The protection of property rights is still weak and the private sector remains subject to heavy state interference. Russian industry is primarily split between globally-competitive commodity producers. In 2011, Russia became the world's leading oil producer, surpassing Saudi Arabia; Russia is the second-largest producer of natural gas; Russia holds the world's largest natural gas reserves, the second-largest coal reserves, and the eighth-largest crude oil reserves. Russia is the third-largest exporter of both steel and primary aluminum. Other less competitive heavy industries remain dependent on the Russian domestic market. Russia's reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the highly volatile swings in global commodity prices. The government since 2007 has embarked on an ambitious program to reduce this dependency and build up the country's high technology sectors, but with few results so far. The economy had averaged 7% growth in the decade following the 1998 Russian financial crisis, resulting in a doubling of real disposable incomes and the emergence of a middle class. The Russian economy, however, was one of the hardest hit by the 2008-09 global economic crisis as oil prices plummeted and the foreign credits that Russian banks and firms relied on dried up. According to the World Bank the government's anti-crisis package in 2008-09 amounted to roughly 6.7% of GDP. The Central Bank of Russia spent one-third of its $600 billion international reserves, the world's third largest, in late 2008 to slow the devaluation of the ruble. The government also devoted $200 billion in a rescue plan to increase liquidity in the banking sector and aid Russian firms unable to roll over large foreign debts coming due. The economic decline bottomed out in mid-2009 and the economy began to grow in the third quarter of 2009. However, a severe drought and fires in central Russia reduced agricultural output, prompting a ban on grain exports for part of the year, and slowed growth in other sectors such as manufacturing and retail trade. High oil prices buoyed Russian growth in 2011 and helped Russia reduce the budget deficit inherited from the lean years of 2008-09. Russia has reduced unemployment since 2009 and has made progress on reducing inflation since 2010. Russia's long-term challenges include a shrinking workforce, a high level of corruption, difficulty in accessing capital for smaller, non-energy companies, and poor infrastructure in need of large investments.

 

Source : CIA

 

 

 

 

 

Comments

 

 

Information

The address mentioned in your inquiry belongs to the company Obschestvo s ogranichennoy otvetstvennostyu "SVEZA-LES" (name in English: "SVEZA-WOOD" LIMITED LIABILITY COMPANY). We provide the report on this company.

 

 

 

Summary

 

 

Original Name

OBSCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU "SVEZA-LES"

Legal Form

OOO (Limited Liability Company by Russian Law)

Year of Foundation

2000

Sales

5 082 079 th RUR for 12 months, ended 01.01.2008

Employees

1 000 (approx.) on November, 29, 2012 (company's data)

 

 

 

 

Company Identification Details

 

 

Original Name

Obschestvo s ogranichennoy otvetstvennostyu "SVEZA-LES"

Short Name

OOO "SVEZA-LES"

Name in English

"SVEZA-WOOD" LIMITED LIABILITY COMPANY

Address

69-th km MKAD, bldg. 17, Business center "GRINVUD", Putilkovo Village, Krasnogorskiy District, Moscow Region, 143441, Russian Federation

Legal Address

69-th km MKAD, bldg. 17, Putilkovo Village, Krasnogorskiy District, Moscow Region, 143441, Russian Federation

Phone

+7 (495) 7830035

Fax

+7 (495) 7830034

E-mail

info@sveza.ru

WEB Address

www.sveza.ru

 

 

History

04.09.2008: Legal Address changed from B. Akademicheskaya str., 5A, Moscow, 127299, Russian Federation

10.10.2005: Legal Address changed from B. Yakimanka str., 39/20, bldg. 1, Moscow, 117049, Russian Federation

 

 

 

Official Company Data

 

 

Legal Form

OOO (Limited Liability Company by Russian Law)

Date of Registration

26.07.2002

Registration Number

1027739019076

Statistic Code (OKPO)

52654419

Taxpayer Code (INN)

7706207296

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

 

 

Public Record Information

 

 

Information

The company Obschestvo s ogranichennoy otvetstvennostyu "SVEZA-LES" was not included in the published list of bankrupt companies.

 

 

 

Share Capital

 

 

Current Share Capital 773 921 420 RUR

 

 

 

Shareholders

 

 

Total

1 legal person

 

 

Shareholder

SVEZA HOLDINGS LIMITED

Address

Cyprus

Share

100 %

 

 

 

Directors

 

 

Director

Mr Kashubskiy Andrey Sergeevich

 

Signature Right

Nationality

Russian Federation

Taxpayer Code (INN)

771206194958

 

 

 

Re-Registration Data

 

 

Initial Registration

09.03.2000

Registration Number

557.536

Registration Authority

Moscow Register Chamber

 

 

Date of Registration

26.07.2002

 

(Entering into the Single State Register of Legal Entities)

Registration Number

1027739019076

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

 

Date of Re-registration

14.08.2002

File Number

2027706002839

Registration Authority

Ministry for Taxes and Duties of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

14.08.2002

File Number

2027706002806

Registration Authority

Ministry for Taxes and Duties of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

25.01.2005

File Number

2057706014067

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

10.10.2005

File Number

2057748553927

Registration Authority

Federal Tax Service of Russian Federation

Changes

Legal Address

 

 

Date of Re-registration

04.09.2008

File Number

2087761231150

Registration Authority

Federal Tax Service of Russian Federation

Changes

Legal Address

 

 

 

Operations

 

 

Activities

Manufacture and sales of wood-shaving plate and plywood.

The company sells goods under brand SVEZA.

 

 

Staff Employed

1 000 (approx.) on November, 29, 2012 (company's data)

 

 

 

Real Estate

 

 

Own

none

 

 

Rent

Office
Address: 69-th km MKAD, bldg. 17, Business center "GRINVUD", Putilkovo Village, Krasnogorskiy District, Moscow Region, 143441, Russian Federation
(company's data)

Industrial area, warehouse
Address: Komsomol'skaya str., 2, Kostroma, Kostroma Region, 156961, Russian Federation
(company's data)

 

 

Export & Import

 

 

Export Countries

2008-2011, for 3 months 2012: No Export Activity

Exported Goods

none

Export Value

none

 

 

Import Countries

2010: Germany
2009: Sweden

Imported Goods

equipment, tools, fire extinguishers

Import Value

for 3 months 2012: none
in 2011: none
in 2010: 1 105 089 USD
in 2009: 24 105 USD
in 2008: none

 

 

 

Branches

 

 

Branch                          None

 

 

 

Participation

 

 

Information

The company is also a shareholder of companies:

OOO "SVEZA-OBSCHIY TSENTR OBSLUZHIVANIYA"
Address: Scherbiny Petra str., 25, Kostroma, Kostroma Region, 156019, Russian Federation
Registration Number: 1114401006928
Taxpayer Code (INN): 4401129577

OOO "PERMSKIY FANERNYY KOMBINAT"
Address: Moskovskaya str., 1, bldg. A, Ural'skiy poselok, Nytvenskiy District, Perm Region, 617005, Russian Federation
Registration Number: 1045901986734
Taxpayer Code (INN): 5942005010

 

 

 

Related Companies

 

 

Information

The company SVEZA HOLDINGS LIMITED isn't a shareholder of any other companies in Russian Federation.

Mr Kashubskiy Andrey Sergeevich is also a director of company:

ZAO "SVEZA"
Registration number: 1027739018460

 

Bankers

 

 

Bank

ZAO "YUNIKREDIT BANK", bank code: 044525545 (Russian Federation)

Account(s)

40702810200010337062 (RUR)
40702810700010296357 (RUR)

 

 

Bank

OAO "METKOMBANK", Moscow branch, bank code: 044585961 (Russian Federation)

Account(s)

40702810100000000207 (RUR)

 

 

Bank

OAO "VNESHTORGBANK", bank code: 044525187 (Russian Federation)

Account(s)

40702810900060000317 (RUR)

 

 

 

Financial Data

 

 

Profit and Loss (extract)

 

 

The following figures are shown in units of 1000

 

 

 

Period, months

12

12

12

 

Ended

01.01.2008

01.01.2007

01.01.2006

 

Currency

RUR

RUR

RUR

 

SALES

5082079

4006372

2431913

 

Cost of Goods sold

4162783

3404670

1757374

 

GROSS PROFIT

919296

601702

674539

 

Distribution Costs

282536

205308

179848

 

Management Costs

 

 

 

 

OPERATING PROFIT

636760

396394

494691

 

Non Trading Income

-64681

74676

-15896

 

PRE TAX PROFIT

572079

471070

478795

 

Taxation

143499

116043

117561

 

PROFIT AFTER TAX

428623

355022

361421

 

 

Balance Sheet (extract)

 

 

The following figures are shown in units of 1000

 

As at

01.01.2008

01.01.2007

01.01.2006

 

Currency

RUR

RUR

RUR

 

TOTAL FIXED ASSETS

2862435

2251165

1113299

 

 Intangible Assets

 

 

 

 

 Fixed Assets

7127

8320

8128

 

TOTAL CURRENT ASSETS

6022868

1627818

1496098

 

 Stock

625

6647

16775

 

 Trade debtors

1024836

372245

305597

 

 Cash

161256

72086

65404

 

TOTAL ASSETS

8885303

3878983

2609397

 

 

 

 

 

 

TOTAL EQUITY

2125903

1697279

1342247

 

 Share Capital

773929

773929

773929

 

 Retained Profits

1348146

919522

564489

 

TOTAL LONG TERM LIABS

5323980

1301854

975915

 

 Long Term Loans

5323980

1301854

975915

 

TOTAL CURRENT LIABS

1435420

879850

291235

 

 Short Term Loans

3663

3363

189945

 

 Short Term Trade Creditors

1431757

876487

63997

 

TOTAL EQUITY & LIABS

8885303

3878983

2609397

 

 

Key Credit Ratios

 

 

The following figures are shown as Ratios or Percentages

 

 

Accounts Date

01.01.2008

01.01.2007

01.01.2006

 

Current Ratio

4,2

1,85

5,14

 

Working Capital, x1000 RUR

4587448

747968

1204863

 

Quick Ratio

4,2

1,84

5,08

 

Debt to Equity Ratio

3,18

1,29

0,94

 

Current Assets Turnover

0,84

2,46

1,63

 

Total Assets Turnover Ratio

0,57

1,03

0,93

 

Pre Tax Profit Margin, %

11,26

11,76

19,69

 

Gross Profit, %

18,09

15,02

27,74

 

Return on Investment, %

26,91

27,75

35,67

 

Return on Assets, %

6,44

12,14

18,35

 

 

 

Clients & Suppliers

 

 

Clients

OOO "AMELALAYT" (Russian Federation)

OOO "SEVERLES-INVEST" (Russian Federation)

OOO "FORUM" (Russian Federation)

OOO "DON-LES" (Russian Federation)

OOO "MASTER-STIL'" (Russian Federation)

OOO "INVESTSNABSTROY" (Russian Federation)

OOO "LAMITEKS TRANZIT" (Russian Federation)

OOO "TEKHSOVSTROY" (Russian Federation)

OOO "YUNEKS-TREYD-KHOLDING" (Russian Federation)

OOO "STROYSITI" (Russian Federation)

OOO "DELOVAYA INITSIATIVA" (Russian Federation)

ZAO "SVOBODA" (Russian Federation)

 

 

Suppliers

NESTRO LUFTTECHNIK GMBH (Germany)

HOMAG GUS GMBH (Germany)

FIREFLY AB (Sweden)

OAO "FANPLIT" (Russian Federation)

OAO "VELIKOUSTYUGSKIY FANERNYY KOMBINAT "NOVATOR" (Russian Federation)

OAO "UST'-IZHORSKIY FANERNYY KOMBINAT" (Russian Federation)

OAO "SVEZA" (Russian Federation)

OOO "UNIVERSALSTROY" (Russian Federation)

ZAO "KOLUMBUS AY TI PARTNER" (Russian Federation)

OOO "INTERKOMP" (Russian Federation)

ZAO "AKADEMPOLIS" (Russian Federation)

OOO "SVEZA-FINANS" (Russian Federation)

OOO PLO "GALICHLES" (Russian Federation)

*** The names of foreign partners may be pointed incorrectly as in official documents (declarations) they’re written in Russian. We present our apologies for possible mistakes in transliteration.

 

 

Actions at law

 

 

The information of Arbitration court of Moscow about judicial claims is presented

 

 

 

Date of registration

01.02.2012

Registration number

A40-23539/2012

Plaintiff

OOO "SVEZA-LES"

Defendant

OOO "BRIG"

Claim sum

2 444 167 RUR

Claim category

Default of obligations under the contract

 

Date of registration

29.09.2010

Registration number

A40-116408/2010

Plaintiff

OOO "SVEZA-LES"

Defendant

OOO "SVITEN'"

Claim sum

142 860 RUR

Claim category

Default of obligations under the contract

 

Date of registration

01.09.2010

Registration number

A40-105433/2010

Plaintiff

OOO "SVEZA-LES"

Defendant

OOO "PROLOG"

Claim sum

2 950 000 RUR

Claim category

Default of obligations under the contract

 

 

 

Publications

 

 

Date

2012

Source

The Federal Tax Service of Russian Federation

Text of Publication

The Federal Tax Service of Russian Federation has published the information on not paid taxes of Mr Kashubskiy Andrey Sergeevich (as private person):

Date: 29.11.2012
Type of tax: The tax to property of physical persons.
The tax sum: 6 960.00 RUR

Date: 23.11.2012
Type of tax: The tax to property of physical persons.
The tax sum: 919.44 RUR

 

 

 

Financial Data

 

 

We couldn’t get the financial data on the company of 2008-2011 years, because there weren’t company’s financial data of 2008-2011 years in the Federal Statistics Service of Russian Federation.

 

 

Original Financial Data (Russian Accounting Report in English)

 

 

Balance Sheet

 

The following figures are shown in units of 1000

 

 

 
ASSETS

Line code

as at
01.01.2006

as at
01.01.2007

as at
01.01.2008

 

 

 

 

 

I. NON-CURRENT ASSETS

 

 

 

 

Intangible assets

110

-

-

-

Fixed assets

120

8128

8320

7127

Construction in progress

130

-

-

2596

Income-bearing investments in tangible assets

135

-

-

-

Long-term financial investments

140

1104933

2242613

2852437

Deferred tax assets

145

238

232

275

Other non-current assets

150

-

-

-

Total section I

190

1113299

2251165

2862435

II. CURRENT ASSETS

 

 

 

 

Inventories

210

16775

6647

625

including :

 

 

 

 

 raw materials and other inventories

211

-

-

-

 livestock

212

-

-

-

 work in progress

213

-

-

-

 finished goods and goods for resale

214

16335

3733

201

 goods dispatched

215

-

-

-

 expenses related to future periods

216

440

1290

309

 other supplies and expenditures

217

-

1624

115

Value added tax on purchased goods

220

14341

1559

3269

Accounts receivable (payments expected beyond 12 months after the reporting date)

230

-

-

-

including :

 

 

 

 

 buyers and customers

231

-

-

-

Accounts receivable (payments expected within 12 months after the reporting date)

240

305597

372245

1024836

including :

 

 

 

 

 buyers and customers

241

241239

288899

562789

Short-term investments

250

1086517

1174219

4832518

Monetary assets

260

65404

72086

161256

Other current assets

270

7464

1062

364

Total section II

290

1496098

1627818

6022868

TOTAL SECTIONS I and II

300

2609397

3878983

8885303


 


 


 


 


 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

III. EQUITY AND RESERVES

 

 

 

 

Share capital

410

773929

773929

773929

Treasury shares

411

-

-

-

Additional capital

420

3828

3828

3828

Legal reserve

430

-

-

-

including :

 

 

 

 

 reserves and provisions formed in
 accordance with legislation

431

-

-

-

 reserves formed in accordance
 with foundation documents

432

-

-

-

Retained earnings (loss)

470

564489

919522

1348146

Total section III

490

1342247

1697279

2125903

IV. NON-CURRENT LIABILITIES

 

 

 

 

Borrowings

510

975915

1301854

5323980

Deferred tax liabilities

515

-

-

-

Other non-current liabilities

520

-

-

-

Total section IV

590

975915

1301854

5323980

V. CURRENT LIABILITIES

 

 

 

 

Borrowings

610

189945

3363

3663

Accounts payable

620

63997

876487

1431757

including :

 

 

 

 

 suppliers and contractors

621

51373

811284

1168225

 salaries payable

622

-

-

-

 payable to state non-budget funds

623

-

10

-

 taxes payable

624

7472

9547

95

 other creditors

625

5152

55646

263437

Dividends payable to participants (shareholders)

630

-

-

-

Income of future periods

640

-

-

-

Reserves for future expenses
and payments

650

-

-

-

Other current liabilities

660

37293

-

-

Total section V

690

291235

879850

1435420

TOTAL SECTIONS III,IV,V

700

2609397

3878983

8885303

 

PROFIT AND LOSS ACCOUNT

 

 

The following figures are shown in units of 1000

 

 
PARAMETER

Line code

 
01.01.2008

 
01.01.2007

 
01.01.2006

 

 

 

 

 

INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES

 

 

 

 

Sale of goods, products, work, services (less VAT, excise tax, other similar mandatory payments)

010

5082079

4006372

2431913

Cost of goods, products, work, services sold

020

4162783

3404670

1757374

Gross profit

029

919296

601702

674539

Selling expenses

030

282536

205308

179848

Administrative expenses

040

-

-

-

Profit (loss) from operations

050

636760

396394

494691

OTHER INCOME AND EXPENSES

 

 

 

 

Interest income

060

219449

96602

86931

Interest expenses

070

256849

68022

75495

Income from investments in other companies

080

-

-

-

Other operating income

090

258997

386157

81703

Other operating expenses

100

286278

340061

109035

Non-operating income

120

-

-

-

Non-operating expenses

130

-

-

-

Profit (loss) before profit tax

140

572079

471070

478795

Deferred tax assets

141

43

-5

187

Deferred tax liabilities

142

-

-

-

Current profit tax

150

143499

116043

117561

Net profit (loss) for the reporting period

190

428623

355022

361421

 

Additional information about participation companies

 

 

Below is presented the extended information about the participation companies of subject company.

  

Name

OOO "PERMSKIY FANERNYY KOMBINAT"

Legal address

Moskovskaya str., 1, bldg. A, Ural'skiy poselok, Nytvenskiy District, Perm Region, 617005, Russian Federation

Registration Number

1045901986734

Taxpayer code (INN)

5942005010

 

 

 

 

 

 

Profit and Loss (extract)

 

 

The following figures are shown in units of 1000

 

 

 

 

Period, months

12

12

12

12

Ended

01.01.2012

01.01.2011

01.01.2010

01.01.2009

Currency

RUR

RUR

RUR

RUR

SALES

4763955

3770329

2784878

3608875

Cost of Goods sold

3049122

2605515

2296771

2682807

GROSS PROFIT

1714833

1164814

488107

926068

Distribution Costs

437468

351158

273751

261516

Management Costs

108364

94409

94857

110091

OPERATING PROFIT

1169001

719247

119499

554461

Non Trading Income

-50045

-31788

-156321

-155044

PRE TAX PROFIT

1118956

687459

-36822

399417

Taxation

187712

101570

870

83047

PROFIT AFTER TAX

940206

575508

-38164

295023

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

 

As at

01.01.2012

01.01.2011

01.01.2010

01.01.2009

Currency

RUR

RUR

RUR

RUR

TOTAL FIXED ASSETS

1790321

1914385

2267258

2469283

 Intangible Assets

 

 

 

 

 Fixed Assets

1557855

1673419

1756441

1297965

TOTAL CURRENT ASSETS

2959964

1823258

1271216

2046060

 Stock

416069

326669

358998

587814

 Trade debtors

1928999

1325621

796008

1341327

 Cash

43403

110176

12299

10688

TOTAL ASSETS

4750285

3737643

3538474

4515343

 

 

 

 

 

TOTAL EQUITY

4351118

3371824

2796316

2821663

 Share Capital

109

109

109

109

 Retained Profits

2939896

1996843

1421335

2062180

TOTAL LONG TERM LIABS

21099

31230

334188

1062976

 Long Term Loans

 

 

300681

1040172

TOTAL CURRENT LIABS

378068

334589

407970

630704

 Short Term Loans

 

 

 

137590

 Short Term Trade Creditors

375233

332085

405090

488314

TOTAL EQUITY & LIABS

4750285

3737643

3538474

4515343

 

Rates of Exchange

 

 

RUR - Russian Rouble

01.01.2012:   1 EUR = 41.67 RUR,   1 USD = 32.19 RUR

EUR - EURO

01.01.2011:   1 EUR = 40.49 RUR,   1 USD = 30.35 RUR

USD - US Dollar

01.01.2010:   1 EUR = 43.46 RUR,   1 USD = 30.19 RUR

 

The information is strictly confidential.
This Report has been prepared only for the Customer.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.56

UK Pound

1

Rs.87.45

Euro

1

Rs.71.08

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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

 

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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.