MIRA
INFORM REPORT
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Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
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Name : |
DEL.VI COMPONENTI SRL |
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Registered Office : |
Via Europa Unita 21/23, Pravisdomini, 33076 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
06.11.1992 |
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Com. Reg. No.: |
01227710934 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of other office and shop furniture |
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No. of Employees : |
34 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Italy |
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 and address
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Del.Vi Componenti SRL |
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Employees: 34
Company Type: Private
Independent
Incorporation Date: 06-Nov-1992
Fiscal Year End: 31-Dec-2010
Reporting Currency: Euro
Annual Sales: 5.3
Total Assets: 2.8
Business Description
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Del.Vi Componenti SRL is primarily engaged
in manufacture of special furniture for shops: counters, display cases, shelves,
etc.; manufacture of office furniture; and manufacture of furniture for
churches, schools, restaurants. |
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Industry |
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Industry |
Furniture and
Fixtures |
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ANZSIC 2006: |
2519 - Other
Furniture Manufacturing |
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NACE 2002: |
3612 - Manufacture
of other office and shop furniture |
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NAICS 2002: |
33721 - Office
Furniture (including Fixtures) Manufacturing |
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UK SIC 2003: |
3612 -
Manufacture of other office and shop furniture |
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US SIC 1987: |
2599 - Furniture
and Fixtures, Not Elsewhere Classified |
Key Executives
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Registered No.(ITA)
01227710934
Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Sales EUR(mil): |
4.0 |
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Assets EUR(mil): |
2.1 |
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Employees: |
34 |
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Fiscal Year End: |
31-Dec-2010 |
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Industry: |
Furniture and
Fixtures |
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Incorporation Date: |
06-Nov-1992 |
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Company Type: |
Private
Independent |
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Quoted Status: |
Not Quoted |
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Registered No.(ITA): |
01227710934 |
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Sole administrator: |
Elide Toffolo |
Industry
Codes
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ANZSIC 2006 Codes: |
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2511 |
- |
Wooden Furniture and Upholstered Seat
Manufacturing |
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3244 |
- |
Painting and Decorating Services |
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2519 |
- |
Other Furniture Manufacturing |
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NACE 2002 Codes: |
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4544 |
- |
Painting and glazing |
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3612 |
- |
Manufacture of other office and shop
furniture |
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3611 |
- |
Manufacture of chairs and seats |
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NAICS 2002 Codes: |
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33721 |
- |
Office Furniture (including Fixtures)
Manufacturing |
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33712 |
- |
Household and Institutional Furniture
Manufacturing |
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238320 |
- |
Paint and Wall Covering Contractors |
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US SIC 1987: |
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251 |
- |
Household Furniture |
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1721 |
- |
Painting and Paper Hanging |
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2599 |
- |
Furniture and Fixtures, Not Elsewhere
Classified |
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UK SIC 2003: |
||
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3612 |
- |
Manufacture of other office and shop
furniture |
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3611 |
- |
Manufacture of chairs and seats |
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4544 |
- |
Painting and glazing |
Business
Description
|
Del.Vi Componenti SRL is primarily engaged
in manufacture of special furniture for shops: counters, display cases,
shelves, etc.; manufacture of office furniture; and manufacture of furniture for
churches, schools, restaurants. |
Financial
Data
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Financials in: |
EUR(mil) |
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Revenue: |
4.0 |
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Assets: |
2.1 |
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Current Assets: |
1.3 |
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Total Liabilities: |
2.1 |
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Net Worth: |
0.1 |
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Date of Financial Data: |
31-Dec-2010 |
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1 Year Growth |
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-13.7% |
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NA |
Key Corporate Relationships
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Bank: |
Banca Antonveneta ag Sacile/Pn |
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate (Period
Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
5.5 |
6.3 |
7.7 |
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Net sales |
5.3 |
6.5 |
8.3 |
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Other operating income |
0.1 |
0.2 |
-0.6 |
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Raw materials and consumables employed |
1.9 |
2.1 |
2.7 |
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Other expenses |
2.7 |
2.8 |
3.3 |
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Total payroll costs |
0.9 |
0.9 |
1.4 |
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Fixed asset depreciation and amortisation |
0.1 |
0.2 |
0.1 |
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Other operating costs |
0.1 |
0.1 |
0.2 |
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Net operating
income |
-0.1 |
0.3 |
-0.1 |
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Total financial
income |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.0 |
0.1 |
0.1 |
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Profit before tax |
-0.2 |
0.2 |
-0.2 |
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Extraordinary result |
0.0 |
0.0 |
0.0 |
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Profit after extraordinary items and
before tax |
-0.1 |
0.2 |
-0.2 |
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Total taxation |
0.0 |
0.1 |
0.0 |
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Net profit |
- |
0.1 |
- |
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Net loss |
0.1 |
- |
0.2 |
Annual Balance Sheet
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Total
stockholders equity |
0.1 |
0.2 |
0.2 |
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Provision for pensions |
0.2 |
0.2 |
0.2 |
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Mortgages and loans |
0.0 |
0.1 |
0.1 |
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Trade creditors |
1.4 |
1.8 |
1.8 |
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Bank loans and overdrafts |
0.7 |
0.9 |
1.1 |
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Other current liabilities |
0.3 |
0.2 |
0.3 |
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Accruals and deferred income |
0.1 |
0.1 |
0.1 |
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Total current
liabilities |
2.5 |
3.0 |
3.3 |
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Total
liabilities (including net worth) |
2.8 |
3.5 |
3.7 |
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Intangibles |
0.0 |
0.1 |
0.0 |
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Total tangible
fixed assets |
1.0 |
1.1 |
1.0 |
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Receivables due after 1 year |
0.0 |
0.1 |
0.1 |
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Total
non-current assets |
1.1 |
1.2 |
1.1 |
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Net stocks and work in progress |
0.9 |
0.8 |
0.9 |
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Trade debtors |
0.5 |
1.0 |
1.3 |
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Other receivables |
0.1 |
0.2 |
0.2 |
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Cash and liquid assets |
0.2 |
0.2 |
0.1 |
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Accruals |
0.1 |
0.1 |
0.1 |
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Total current
assets |
1.7 |
2.3 |
2.6 |
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Total assets |
2.8 |
3.5 |
3.7 |
Annual Ratios
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Financials in: USD
(mil) |
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
0.70 |
0.80 |
0.80 |
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Quick ratio |
0.30 |
0.50 |
0.50 |
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Current liabilities to net worth |
0.26% |
0.13% |
0.22% |
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Sales per employee |
0.19 |
0.20 |
0.17 |
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Profit per employee |
0.00 |
0.00 |
-0.01 |
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Average wage per employee |
0.03 |
0.03 |
0.03 |
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Net worth |
0.1 |
0.2 |
0.2 |
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Number of employees |
21 |
23 |
22 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.49.84 |
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|
1 |
Rs.77.96 |
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Euro |
1 |
Rs.65.61 |
RATING EXPLANATIONS
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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 |
-- |
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.