MIRA
INFORM REPORT
|
Report Date : |
03.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
BIOLAB SANUS FARMACÊUTICA LTDA |
|
|
|
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Registered Office : |
Av Paulo Ayres, 280 - |
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|
Country : |
Brazil |
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|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
20.08.1978 |
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|
|
Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture and |
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|
|
No. of Employees : |
1767 |
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 : |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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
BIOLAB SANUS
FARMACÊUTICA LTDA
company ADDRESSES
|
MAIN ADDRESS: |
AV PAULO AYRES, 280 - VILA IASI |
|
ZIP CODE/CITY: |
06767-2020 - TABOÃO DA SERRA/SP |
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PHONE: |
11 3573-6400 |
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FAX: |
11 3573-6400 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
AVENIDA DOS BANDEIRANTES,5386 |
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ZIP CODE/CITY: |
04071-900 SÃO PAULO/SP |
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|
|
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ADDRESS: |
ESTRADA DE ITAPECERICA,23480 |
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ZIP CODE/CITY: |
05858-004 SÃO PAULO/SP |
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|
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ADDRESS: |
RUA TOMAZ GARCIA PARRA,50 |
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ZIP CODE/CITY: |
06600-000 JANDIRA/SP |
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ADDRESS: |
AV. DO CAFE,277 703 TORRE B |
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ZIP CODE/CITY: |
04311-000 SÃO PAULO/SP |
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ADDRESS: |
RUA DAS OLIMPIADAS,242 / 3º ANDAR - VILA OLIMPIA |
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ZIP CODE/CITY: |
04551-000 SÃO PAULO/SP |
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PHONE: |
11 3573-6000 |
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FAX: |
11 3573-6000 |
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|
|
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REQUESTED
ADDRESS: |
RUA SOLANGE
APARECIDA MONTAN,49 - JARDIM SAGRADO CORAÇÃO |
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ZIP CODE/CITY: |
06610-015
JANDIRA/SP |
|
THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: BRASILIA, RECIFE,
GOIANIA, POUSO ALEGRE AND SÃO PAULO. |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE AND SALE OF PHARMACEUTICALS IN GENERAL; VETERINARY
PRODUCTS, NUTRITIONAL PRODUCTS AND COSMETICS IN GENERAL. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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|
|
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INCORPORATION DATE: |
20/08/1978 |
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REGISTER DATE: |
20/08/1978 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
49.475.833/0001-06 |
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STATE REGISTER: |
675.068.451.112 |
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|
|
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SHARE CAPITAL: |
R$ 86.000.100,00 |
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LAST REGISTER OF CAPITAL: |
26/06/2008 |
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BOARD OF
DIRECTORS: |
|
|
|
|
|
FERNANDO DE CASTRO MARQUES |
DIRECTOR |
|
CLEITON DE CASTRO MARQUES |
DIRECTOR |
|
DANTE ALÁRIO JÚNIOR |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
PROVA PARTICIPAÇÕES LTDA |
R$ 23.506.694,00 |
|
FERNANDO DE CASTRO MARQUES |
R$ 23.506.694,00 |
|
CLEITON DE CASTRO MARQUES |
R$ 23.506.694,00 |
|
DANTE ALÁRIO JÚNIOR |
R$ 15.480.018,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
ART PACK EMBALAGENS LTDA. |
|
|
AGROPECUÁRIA MARTONA LTDA. |
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CASTRO MARQUES ANFARMA LTDA. |
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SINTEFINA INDUSTRIA E COMERCIO LTDA |
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AGENER UNIÃO DISTRIBUIDORA DE MEDICAMENTOS LTDA |
|
|
DALMATIA LABORATORIO COSMETICOS LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON AUGUST 20, 1978 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. PREVIOUS CORPORATE NAMES: - MAGRITT COMERCIO REPRESENTAÇÃO E DISTRIBUIDORA DE PRODUTOS QUIMICOS
LTDA; - MAGRITT INDUSTRIA FARMACEUTICA LTDA; - SANUS FARMACEUTICA LTDA. PARTNERS: PROVA PARTICIPAÇÕES LTDA, A LIMITED LIABILITY COMPANY, WITH HEAD
OFFICE AT AVENIDA DO CAFÉ 277, TORRE A, 7ª, VILA GUARANI FERNANDO DE CASTRO MARQUES, BRAZILIAN, HOLDER OF DOCUMENTS, CPF #
662.966.768-91, RG # 67107205 SSP/SP, RESIDENTIAL ADDRESS AT AVENIDA DO CAFÉ
277, TORRE A, 7ª, VILA GUARANI CLEITON DE CASTRO MARQUES, BRAZILIAN, HOLDER OF DOCUMENTS, CPF #
860.267.398-15, RG # 8349370 SSP/SP, RESIDENTIAL ADDRESS AT AVENIDA DO CAFÉ
277, TORRE A, 7ª, VILA GUARANI DANTE ALÁRIO JÚNIOR, BRAZILIAN, HOLDER OF DOCUMENTS, CPF #
295.868.108-44, RG # 3465298 SSP/SP, RESIDENTIAL ADDRESS AT AVENIDA DO CAFÉ
277, TORRE A, 7ª, VILA GUARANI FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
|
CASH AND BANKS |
204.519.896,65 |
211.841.140,15 |
|
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CLIENTS |
191.201.216,44 |
173.322.986,12 |
|
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INVENTORY |
54.314.404,80 |
40.276.975,30 |
|
|
RECOVERABLE TAXES |
1.803.511,58 |
1.156.544,62 |
|
|
CREDIT WITH RELATED PARTIES |
281.118,72 |
68.000,00 |
|
|
OTHER CREDITS |
2.317.592,11 |
4.503.380,13 |
|
|
PRE PAID EXPENSES |
5.359.615,79 |
4.849.080,80 |
|
|
|
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
459.797.356,09 |
436.018.107,12 |
|
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LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY CREDITS |
22.303.949,38 |
19.207.696,83 |
|
|
DEFERRED TAXES |
4.718.868,72 |
5.609.389,24 |
|
|
RECOVERABLE TAXES |
1.744.121,77 |
1.592.357,03 |
|
|
JUDICIAL DEPOSITS |
2.028.868,00 |
1.941.224,76 |
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|
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
30.795.807,87 |
28.350.667,86 |
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FIXED ASSETS: |
|
|
|
|
|
|
|
|
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INVESTMENTS |
410.582,55 |
1.194.363,87 |
|
|
FIXED ASSETS |
93.068.327,04 |
70.894.459,15 |
|
|
INTANGIBLE |
18.720.199,25 |
19.015.812,00 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL FIXED ASSETS |
112.199.108,84 |
91.104.635,02 |
|
|
|
================ |
================ |
|
|
TOTAL ASSETS |
602.792.272,80 |
555.473.410,00 |
|
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
|
SUPPLIERS |
8.947.362,98 |
7.919.934,14 |
|
|
FOREIGN SUPPLIERS |
7.750.813,80 |
3.619.418,51 |
|
|
LOANS AND FINANCING |
9.070.697,48 |
8.045.963,57 |
|
|
TRIBUTARY OBLIGATIONS |
39.024.493,83 |
37.444.681,55 |
|
|
INCOME TAX/SOCIAL CONTRIBUTION |
15.311.975,96 |
19.690.781,30 |
|
|
ACCOUNTS PAYABLE |
3.402.305,76 |
3.617.389,45 |
|
|
PROFIT SHARING |
3.818.308,18 |
23.186.182,43 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
87.325.957,99 |
103.524.350,95 |
|
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
487.382,10 |
780.054,85 |
|
|
DEFERRED TAXES |
2.536.954,09 |
1.783.160,16 |
|
|
PROV. FOR UNCOVERED LIABILITY |
636.253,50 |
47.327,52 |
|
|
PROVISION FOR CONTINGENCIES |
4.593.160,96 |
6.185.399,40 |
|
|
|
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
8.253.750,65 |
8.795.941,93 |
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
422.000.100,00 |
316.000.100,00 |
|
|
CAPITAL RESERVES |
209.745,57 |
209.745,57 |
|
|
RESERVES FOR INVESTMENTS |
943.271,55 |
40.219.065,40 |
|
|
ACCRUED PROFIT (LOSS) |
84.059.447,04 |
86.724.206,15 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL NET EQUITY |
507.212.564,16 |
443.153.117,12 |
|
|
|
================ |
================ |
|
|
TOTAL LIABILITIES |
602.792.272,80 |
555.473.410,00 |
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
|
GROSS SALES |
661.820.826,37 |
617.024.667,04 |
|
|
(-) TAXES ON SALES |
83.027.020,82 |
77.858.776,31 |
|
|
|
---------------- |
---------------- |
|
|
NET SALES |
578.793.805,55 |
539.165.890,73 |
|
|
(-) COST OF SOLD GOODS |
129.948.023,51 |
108.396.088,29 |
|
|
|
---------------- |
---------------- |
|
|
GROSS PROFIT |
448.845.782,04 |
430.769.802,44 |
|
|
OPERATING REVENUE (EXPENSE) |
-343.954.890,80 |
-292.306.375,38 |
|
|
FINANCIAL REVENUE(EXPENSE) |
21.089.517,88 |
-4.597.860,62 |
|
|
|
---------------- |
---------------- |
|
|
OPERATIONAL PROFIT (LOSS) |
125.980.409,12 |
133.865.566,44 |
|
|
NON-OPERATING RESULT |
69.618,13 |
-564.829,32 |
|
|
CONTRIBUTION/INCOME TAX |
-41.990.580,21 |
-46.576.530,97 |
|
|
|
---------------- |
---------------- |
|
|
NET PROFIT (LOSS) |
84.059.447,04 |
86.724.206,15 |
|
|
RATIOS: |
31/12/2011 |
31/12/2010 |
|
|
QUICK RATIO |
4,64 |
|
3,82 |
|
|
|
|
CURRENT RATIO |
5,27 |
|
4,21 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,03 |
TIMES |
3,11 |
TIMES |
|
|
|
DAYS' SALES IN RECEIVABLES |
118,92 |
DAYS |
115,73 |
DAYS |
|
|
|
INVENTORY TURNOVER |
2,39 |
TIMES |
2,69 |
TIMES |
|
|
|
ACCOUNTS PAYABLE PERIOD |
24,79 |
DAYS |
26,30 |
DAYS |
|
|
|
RETURN ON ASSETS |
,96 |
TIMES |
,97 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
1,14 |
TIMES |
1,22 |
TIMES |
|
|
|
NET WORTH TIE-UP |
,18 |
|
,16 |
|
|
|
|
INDEBTEDNESS |
,19 |
|
,25 |
|
|
|
|
EQUITY RATIO |
84,14 |
% |
79,78 |
% |
|
|
|
WORKING CAPITAL RATIO |
426,53 |
% |
321,17 |
% |
|
|
|
GENERAL SOLVENCY |
6,31 |
|
4,95 |
|
|
|
|
RETURN ON NET EQUITY |
16,57 |
% |
19,57 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
14,52 |
% |
16,08 |
% |
|
|
|
GROSS PROFIT MARGIN |
77,55 |
% |
79,90 |
% |
|
|
|
OPERATIONAL RESULT |
21,77 |
% |
24,83 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
6,63 |
TIMES |
5,21 |
TIMES |
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,09 |
- OFFICIAL RATE ON 28/06/2012 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
US$ 1,00 = R$ 1,67 |
- OFFICIAL RATE ON 31/12/2010 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE ANNUAL FIGURES AVAILABLE SHOWED A VERY GOOD FINANCIAL STANDING. IT
WAS NOTED HIGH LIQUIDITY RATIOS AND HIGH WORKING CAPITAL, AS WELL AS LOW
LEVEL OF INDEBTEDNESS. IT ALSO SHOWS GROWING SALES AND HIGH PROFITABILITY. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
INSURANCE COMPANY: |
ACE SEGURADORA S/A (HEADQUARTER) |
|
COVERAGE: |
FIRE |
|
EXPIRATION: |
NOT AVAILABLE |
|
VALUE: |
R$ 50.000.000,00 |
|
|
|
|
INSURANCE COMPANY: |
ACE SEGURADORA S/A (BRANCHES) |
|
COVERAGE: |
FIRE |
|
EXPIRATION: |
NOT AVAILABLE |
|
VALUE: |
R$ 1.500.000,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO ITAÚ S/A |
11 3708-8558 |
|
|
BANCO DO BRASIL S/A |
11 2128-7189 |
|
|
BANCO ITAUBANK S/A |
11 3398-6053 |
|
|
BANCO SAFRA S/A |
11 3178-2205 |
|
|
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 AND SALE OF PHARMACEUTICALS
IN GENERAL; VETERINARY PRODUCTS, NUTRITIONAL PRODUCTS AND COSMETICS IN
GENERAL. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
CHINA, INDIA, GERMANY, FRANCE, AND SWITZERLAND. |
EXPORTS TO:
|
DOMINICAN REPUBLIC (THE) |
|
MAIN CLIENTS: |
|
|
|
|
|
|
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DOMESTIC
CLIENTS: |
|
PHONE: |
|
AUDIFAR COML. LTDA |
|
|
|
DISTRIB. DE MED. STA. CRUZ LTDA |
|
|
|
DISTRIBUIDORA DE PRODUTOS FARMACÊUTICOS PANARELLO |
|
62 285-6633 |
|
DROGARIA SÃO PAULO S/A |
|
|
|
ITA REPRES. PROD. FARMACEUTICOS S/A |
|
|
|
MERCANTIL FARMED LTDA |
|
11 839-5600 |
|
PROFARMA DISTRIB DE PRODUTOS FARMACÊUTICOS LTDA |
|
21 450-1828 |
|
SAGRA PRODUTOS FARMACÊUTICOS |
|
16 627-2009 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 1767 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY, OPERATING SINCE
1978. SO FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR. IT IS A FAMILY-RUN
COMPANY AND BOTH THE COMPANY AND THE PRINCIPALS ENJOY A FAVORABLE REPUTATION
AMONG LOCAL TRADE SOURCES. 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: |
|
PHONE: |
|
ALCAN PACKAGING DO BRASIL LTDA |
|
11 4075-6500 |
|
ALTEC COM. IND. TAMPAS METÁLICAS LTDA |
|
|
|
BAFEMA S/A |
|
11 5666-9088 |
|
BILLI FAMACÊUTICA LTDA |
|
11 536-3688 |
|
EUROFARMA LABORATÓRIOS LTDA |
|
11 5693-4100 |
|
FAMACAP IND. E COMERCIO LTDA |
|
11 4666-5333 |
|
GENIX IND. FARMAC. LTDA |
|
|
|
IMPACTA AS IND E COMERCIO |
|
11 4447-7322 |
|
SCHOTT VITROSUL LTDA |
|
11 4591-0246 |
|
SELECTCHEMIE IMP. E EXP. E REPRES. LTDA |
|
11 5581-6668 |
|
TUBOCAP ARTEFATOS DE METAL LTDA |
|
|
|
VEDAT TAMPAS HERMÉTICAS LTDA |
|
11 494-4266 |
|
WHEATON DO BRASIL INDUSTRIA E COMERCIO |
|
11 5584-5133 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
DIOSYNTH B.V. |
HOLLAND |
|
|
DR. REDDY S LABORATORIES LTD |
INDIA |
|
|
EFFECHEM SRL |
ITALY |
|
|
MERZ + CO GMBH & CO |
GERMANY |
|
|
PAYMENT HISTORY: |
|
18 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 140.318,00 |
|
|
|
AMOUNT OF INVOICES PAID: 64 |
|
TOTAL OF PROMPT PAYMENTS: 96,9% |
|
TOTAL OF DELAYED PAYMENTS: 3,1% |
|
|
|
HIGHEST INVOICE: R$ 35.809,00 |
|
HIGHEST CREDIT: R$ 35.809,00 |
|
|
|
OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
3 |
R$ 5.188,40 |
FINAL OPINION
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY, IT HAS A VERY GOOD
FINANCIAL STANDING, A CLEAR TRADE HISTORY AND GOOD PAYMENT PERFORMANCE. 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. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.83 |
|
UK Pound |
1 |
Rs.87.41 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.