MIRA
INFORM REPORT
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Report Date : |
05.06.2012 |
IDENTIFICATION DETAILS
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Name : |
NOA NOA APS
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Registered Office : |
Krogenbergvej 15, Nyrup, Kvistgard, 3490 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1981 |
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Com. Reg. No.: |
60746214 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
manufacturing apparel and apparel accessories |
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No. of Employees : |
35 |
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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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A2 |
A2 |
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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 |
Company name & address
Noa Noa ApS
Krogenbergvej 15, Nyrup
Kvistgard, 3490
Denmark
Tel: +45 49 18 11 88
Fax: +45 49 18 02 13
Web: www.noanoa.dk
Synthesis
Employees: 35
Company Type: Private Subsidiary
Corporate Family: 22
Companies
Ultimate Parent: Axcel
A/S
Incorporation Date: 1981
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Danish
Krone
Annual Sales: 98.7
Net Income: 8.6
Total Assets: 58.0
Business Description
Noa Noa ApS is primarily engaged in manufacturing apparel and apparel accessories (except apparel knitting mills; cut and sew apparel contractors; cut and sew apparel; hats and caps; mittens and gloves; and men's and boys' neckwear). Jobbers for these products, who perform entrepreneurial functions involved in other apparel and accessory manufacture, including buying raw materials, designing and preparing samples, arranging for other apparel and accessories to be made from their materials, and marketing finished other apparel and accessories, are included. Examples of products made by these establishments are apparel trimmings and findings, belts, Women's scarves, and suspenders.
Industry
Industry Retail (Apparel)
ANZSIC 2006: 4251 - Clothing
Retailing
NACE 2002: 5242 - Retail sale
of clothing
NAICS 2002: 44813 - Children's
and Infants' Clothing Stores
UK SIC 2003: 5242 - Retail sale
of clothing
US SIC 1987: 5641 - Children's
and Infants' Wear Stores
Key Executives
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Name |
Title |
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SorenBrandt |
Managing Director / Director |
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Lars Christian Holstein Holsteinborg |
Board Member |
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Jacob Christian Nielsen Thygesen |
Bestyrelsesnæstformand |
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Lesia Maria Zuk |
Board Member |
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Peter Rathsach |
Bestyrelsesformand |
News
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Title |
Date |
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Danish designs for new fashion outlet |
7-Mar-2012 |
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Danish fashion to invade Georgian city |
25-Aug-2011 |
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Danish fashion in Bath |
25-Aug-2011 |
Registered No.(DNK): 60746214
1 - Profit & Loss Item Exchange Rate: USD 1 = DKK 5.623146
2 - Balance Sheet Item Exchange Rate: USD 1 = DKK 5.55485
Corporate Overview
Location
Krogenbergvej 15, Nyrup
Kvistgard, 3490
Denmark
Tel: +45 49 18 11 88
Fax: +45 49 18 02 13
Web: www.noanoa.dk
Sales DKK(mil): 555.1
Assets DKK(mil): 322.1
Employees: 35
Fiscal Year End: 31-Dec-2010
Industry: Retail
(Apparel)
Incorporation Date: 1981
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DNK): 60746214
Managing Director
/ Director: SorenBrandt
Contents
Industry Codes
Business Description
Financial Data
Industry Codes
ANZSIC 2006 Codes:
4251 - Clothing Retailing
NACE 2002 Codes:
5242 - Retail sale of clothing
NAICS 2002 Codes:
44812 - Women's Clothing Stores
44813 - Children's and Infants' Clothing Stores
US SIC 1987:
5621 - Women's Clothing Stores
5641 - Children's and Infants' Wear Stores
UK SIC 2003:
5242 - Retail sale of clothing
Business
Description
Noa Noa ApS is
primarily engaged in manufacturing apparel and apparel accessories (except
apparel knitting mills; cut and sew apparel contractors; cut and sew apparel;
hats and caps; mittens and gloves; and men's and boys' neckwear). Jobbers for these
products, who perform entrepreneurial functions involved in other apparel and
accessory manufacture, including buying raw materials, designing and preparing
samples, arranging for other apparel and accessories to be made from their
materials, and marketing finished other apparel and accessories, are included.
Examples of products made by these establishments are apparel trimmings and
findings, belts, Women's scarves, and suspenders.
More Business
Descriptions
Children's and Infants' Clothing Stores
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Corporate
Family |
Corporate
Structure News: |
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Noa Noa ApS |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Copenhagen |
Denmark |
Investment Services |
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50 |
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Subsidiary |
Gent |
Belgium |
Printing Services |
216.6 |
980 |
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Subsidiary |
Kongsberg |
Norway |
Printing Services |
32.2 |
81 |
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Subsidiary |
Itzehoe, Schleswig-Holstein |
Germany |
Printing Services |
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55 |
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Subsidiary |
Singapore |
Singapore |
Paper and Paper Products |
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25 |
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Subsidiary |
Hughesdale, VIC |
Australia |
Paper and Paper Products |
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Subsidiary |
SĂŁo Paulo , SĂŁo Paulo |
Brazil |
Paper and Paper Products |
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Subsidiary |
Hasselager |
Denmark |
Retail (Specialty) |
56.5 |
130 |
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Subsidiary |
Sint-Denijs-Westrem |
Belgium |
Software and Programming |
125.4 |
113 |
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Subsidiary |
Sint-Denijs-Westrem |
Belgium |
Printing Services |
8.6 |
33 |
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Subsidiary |
Gent |
Belgium |
Software and Programming |
10.8 |
41 |
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Subsidiary |
Antwerpen |
Belgium |
Retail (Department and Discount) |
0.0 |
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Subsidiary |
Praha |
Czech Republic |
Business Services |
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20 |
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Subsidiary |
Kvistgard |
Denmark |
Retail (Apparel) |
98.7 |
35 |
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Holding |
Frederiksberg |
Denmark |
Miscellaneous Financial Services |
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Subsidiary |
Copenhagen |
Denmark |
Retail (Specialty) |
162.3 |
1,195 |
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Division |
Copenhagen |
Denmark |
Retail (Specialty) |
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4 |
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Subsidiary |
Copenhagen |
Denmark |
Retail (Specialty) |
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200 |
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Subsidiary |
Glostrup |
Denmark |
Personal and Household Products |
53.9 |
173 |
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Unit |
Copenhagen |
Denmark |
Construction - Supplies and Fixtures |
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200 |
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Subsidiary |
Taipei |
Taiwan |
Personal and Household Products |
1.0 |
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Subsidiary |
Sicklerville, NJ |
United States |
Furniture and Fixtures |
14.2 |
15 |
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Executive report
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Board of
Directors |
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Board Member |
Director/Board Member |
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Bestyrelsesnæstformand |
Director/Board Member |
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Board Member |
Director/Board Member |
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Bestyrelsesformand |
Director/Board Member |
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Board Member |
Director/Board Member |
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Executives |
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Managing Director / Director |
Managing Director |
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
DKK |
DKK |
DKK |
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Exchange Rate
(Period Average) |
5.623146 |
5.097335 |
5.44373 |
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Consolidated |
Yes |
Yes |
Yes |
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Total Revenue |
98.7 |
104.9 |
103.7 |
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Gross Profit |
58.8 |
59.1 |
60.8 |
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Operating Income |
11.0 |
8.9 |
18.1 |
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Net Income |
8.6 |
7.3 |
14.0 |
Annual Balance Sheet
Financials in: USD (mil)
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31-Dec-2010 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
DKK |
DKK |
DKK |
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Exchange Rate |
5.55485 |
5.35465 |
5.10005 |
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Consolidated |
Yes |
Yes |
Yes |
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Total Assets |
58.0 |
70.9 |
62.8 |
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Provisions |
- |
0.7 |
0.6 |
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Total Liabilities |
- |
22.7 |
18.8 |
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Total Equity |
29.3 |
47.4 |
43.3 |
Annual Ratios
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31-Dec-2010 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
- |
- |
- |
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Exchange Rate |
- |
- |
- |
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Consolidated |
Yes |
Yes |
Yes |
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Operating Margin |
11.15 |
8.47 |
17.45 |
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Current Ratio |
159.79 |
263.70 |
295.75 |
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Total debt/total equity |
50.47 |
66.97 |
69.02 |
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Return on average equity |
29.87 |
14.72 |
34.38 |
Annual Growth Rates
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31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
- |
- |
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Exchange Rate |
- |
- |
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Consolidated |
Yes |
Yes |
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Turnover Percent Change |
3.83% |
-5.27% |
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Marginal Contribution Percent Change |
9.83% |
-8.95% |
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Operating Results Percent Change |
36.80% |
-54.04% |
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Profit/Loss for the Year Percent Change |
29.84% |
-50.76% |
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Assets Percent Change |
-15.10% |
18.50% |
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Provisions Percent Change |
-100.00% |
14.05% |
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Debts Percent Change |
- |
26.74% |
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Equity Capital Percent Change |
-36.01% |
14.99% |
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Operating Margin Percent Change |
31.64% |
-51.46% |
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Current Ratio Percent Change |
-39.40% |
-10.84% |
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Debt/Equity Ratio Percent Change |
-24.64% |
-2.97% |
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Retun On Equity Percent Change |
102.92% |
-57.18% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
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UK Pound |
1 |
Rs.85.29 |
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Euro |
1 |
Rs.68.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.