MIRA
INFORM REPORT
|
Report Date : |
12.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
OUTOTEC GMBH |
|
|
|
|
Registered Office : |
Ludwig-Erhard-Strasse 21, Oberursel (Taunus), 61440 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
17.12.1990 |
|
|
|
|
Com. Reg. No.: |
7241 |
|
|
|
|
Legal Form : |
Private Subsidiary Company |
|
|
|
|
Line of Business : |
manufacturer
of machinery for working soft rubber or plastics |
|
|
|
|
No. of Employees : |
413 employees |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
germany - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms
and Europe's largest - is a leading exporter of machinery, vehicles, chemicals,
and household equipment and benefits from a highly skilled labor force. Like
its Western European neighbors, Germany faces significant demographic
challenges to sustained long-term growth. Low fertility rates and declining net
immigration are increasing pressure on the country's social welfare system and
necessitate structural reforms. Reforms launched by the government of
Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address
chronically high unemployment and low average growth, contributed to strong
growth in 2006 and 2007 and falling unemployment. These advances, as well as a
government subsidized, reduced working hour scheme, help explain the relatively
modest increase in unemployment during the 2008-09 recession - the deepest
since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in
2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable
primarily to rebounding manufacturing orders and exports - increasingly outside
the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012,
a reflection of the worsening euro-zone financial crisis and the financial
burden it places on Germany as well as falling demand for German exports.
Domestic demand is therefore becoming a more significant driver of Germany's
economic expansion. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's budget deficit to 3.3% in 2010, but slower spending and
higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3%
limit. A constitutional amendment approved in 2009 limits the federal
government to structural deficits of no more than 0.35% of GDP per annum as of
2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela
Merkel announced in May 2011 that eight of the country's 17 nuclear reactors
would be shut down immediately and the remaining plants would close by 2022.
Germany hopes to replace nuclear power with renewable energy. Before the
shutdown of the eight reactors, Germany relied on nuclear power for 23% of its
energy and 46% of its base-load electrical production.
|
Source : CIA |
Company name & address
Outotec GmbH
Ludwig-Erhard-Strasse 21
Oberursel (Taunus), 61440
Germany
Tel: 49-61719693711
Fax: 49-61719693123
Web: www.outotec.com
Synthesis
Employees: 413
Company Type: Private Subsidiary
Corporate Family: 49
Companies
Ultimate Parent: Outotec
Oyj
Incorporation Date:
17-Dec-1990
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 439.4
Total Assets: 491.5
Business Description
Outotec GmbH is primarily engaged in manufacture of machinery for working soft rubber or plastics or for the manufacture of products of these materials (extruders, moulders, pneumatic tyre making or retreading machines and other machines for making a specific rubber or plastic product); manufacture of printing and bookbinding machines; manufacture of machinery for producing tiles, bricks, shaped ceramic pastes, pipes, graphite electrodes, blackboard chalk, foundry moulds, etc.; manufacture of moulding boxes for any material; mould bases; moulding patterns; moulds; manufacture of dryers for wood, paper pulp, paper or paperboard; manufacture of centrifugal clothes dryers; manufacture of diverse special machinery and equipment (machines to assemble electric or electronic lamps, tubes (valves) or bulbs; machines for production or hot-working of glass or glassware, glass fibre or yarn; machinery or apparatus for isotopic separation; rope-making machinery, etc.); and manufacture of industrial robots for multiple uses.
Industry
Industry Construction and Agriculture
Machinery
ANZSIC 2006: 2462 - Mining and Construction
Machinery Manufacturing
NACE 2002: 2952 - Manufacture
of machinery for mining, quarrying and construction
NAICS 2002: 333131 - Mining
Machinery and Equipment Manufacturing
UK SIC 2003: 29521 -
Manufacture of machinery for mining
UK SIC 2007: 28921 -
Manufacture of machinery for mining
US SIC 1987: 3532 - Mining
Machinery and Equipment, Except Oil and Gas Field Machinery and Equipment
Key Executives
|
Name |
Title |
|
Peter Weber, |
General Manager |
|
Pekka Erkkilä |
Managing director |
News
|
Title |
Date |
|
Patent Issued for Froth Flotation Method
and Apparatus, a Froth Flotation Method and Apparatus for Extracting Bitumen
from a Slurry of Water and Oil... |
10-Oct-2012 |
|
Nurminen Logistics Outotec's logistics
partner for a concentrating plant delivery to Russia |
10-Oct-2012 |
|
Publishing of Outotec's Q1-Q3 2012 Interim
Report |
10-Oct-2012 |
|
OUTOTEC Assigned Patent |
9-Oct-2012 |
|
U.S. Patents Awarded to Inventors in
Colorado (Oct. 9) |
9-Oct-2012 |
Registered No.(DEU): 7241
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
Ludwig-Erhard-Strasse 21
Oberursel (Taunus), 61440
Germany
Tel: 49-61719693711
Fax: 49-61719693123
Web: www.outotec.com
Sales EUR(mil): 331.8
Assets EUR(mil): 366.4
Employees: 413
Fiscal Year End: 31-Dec-2010
Industry: Construction
and Agriculture Machinery
Incorporation Date: 17-Dec-1990
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 7241
General Manager : Peter
Weber,
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2462 - Mining and Construction Machinery Manufacturing
NACE 2002 Codes:
2952 - Manufacture of machinery for mining, quarrying and
construction
NAICS 2002 Codes:
333131 - Mining Machinery and Equipment Manufacturing
US SIC 1987:
3532 - Mining Machinery and Equipment, Except Oil and Gas Field
Machinery and Equipment
UK SIC 2003:
29521 - Manufacture of machinery for mining
UK SIC 2007:
28921 - Manufacture of machinery for mining
Business
Description
Mineral & Metal Processing Machinery Mfr
More Business Descriptions
Outotec GmbH is
primarily engaged in manufacture of machinery for working soft rubber or
plastics or for the manufacture of products of these materials (extruders,
moulders, pneumatic tyre making or retreading machines and other machines for making
a specific rubber or plastic product); manufacture of printing and bookbinding
machines; manufacture of machinery for producing tiles, bricks, shaped ceramic
pastes, pipes, graphite electrodes, blackboard chalk, foundry moulds, etc.;
manufacture of moulding boxes for any material; mould bases; moulding patterns;
moulds; manufacture of dryers for wood, paper pulp, paper or paperboard;
manufacture of centrifugal clothes dryers; manufacture of diverse special
machinery and equipment (machines to assemble electric or electronic lamps,
tubes (valves) or bulbs; machines for production or hot-working of glass or
glassware, glass fibre or yarn; machinery or apparatus for isotopic separation;
rope-making machinery, etc.); and manufacture of industrial robots for multiple
uses.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Corporate Family |
Corporate
Structure News: |
|
|
Outotec
Oyj |
|
Outotec GmbH |
|
|
|
|
|
Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Espoo |
Finland |
Non-Metallic Mining |
1,926.6 |
4,525 |
|
|
Subsidiary |
Espoo |
Finland |
Miscellaneous Capital Goods |
431.9 |
1,000 |
|
|
Subsidiary |
Oberursel (Taunus), Hessen |
Germany |
Construction and Agriculture Machinery |
439.4 |
600 |
|
|
Subsidiary |
Lappeenranta |
Finland |
Miscellaneous Capital Goods |
228.3 |
584 |
|
|
Subsidiary |
Alsdorf, Nordrhein-Westfalen |
Germany |
Miscellaneous Fabricated Products |
11.8 |
30 |
|
|
Subsidiary |
Stone Corner, QLD |
Australia |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Skelleftea |
Sweden |
Construction and Agriculture Machinery |
58.0 |
239 |
|
|
Subsidiary |
Sydney, NSW |
Australia |
Miscellaneous Capital Goods |
|
160 |
|
|
Subsidiary |
Outokumpu |
Finland |
Miscellaneous Capital Goods |
80.9 |
150 |
|
|
Subsidiary |
Burlington, ON |
Canada |
Scientific and Technical Instruments |
2.2 |
100 |
|
|
Subsidiary |
Santiago |
Chile |
Construction - Supplies and Fixtures |
|
100 |
|
|
Subsidiary |
West Perth, WA |
Australia |
Metal Mining |
|
96 |
|
|
Subsidiary |
Frenchs Forest, NSW |
Australia |
Engineering Consultants |
13.6 |
92 |
|
|
Subsidiary |
Midrand, Gauteng |
South Africa |
Oil and Gas Operations |
|
90 |
|
|
Subsidiary |
West Perth, WA |
Australia |
Metal Mining |
|
90 |
|
|
Subsidiary |
Kolkata |
India |
Metal Mining |
|
80 |
|
|
Subsidiary |
French's Forest, NSW |
Australia |
Oil and Gas Operations |
|
60 |
|
|
Subsidiary |
Dandenong, VIC |
Australia |
Construction - Supplies and Fixtures |
|
60 |
|
|
Subsidiary |
Coeur D Alene, ID |
United States |
Miscellaneous Capital Goods |
63.4 |
55 |
|
|
Subsidiary |
Midrand |
South Africa |
Business Services |
30.0 |
50 |
|
|
Subsidiary |
Melbourne, VIC |
Australia |
Metal Mining |
14.9 |
50 |
|
|
Subsidiary |
Jacksonville, FL |
United States |
Construction and Agriculture Machinery |
14.7 |
50 |
|
|
Subsidiary |
Melbourne, VIC |
Australia |
Metal Mining |
12.6 |
50 |
|
|
Subsidiary |
Lima |
Peru |
Oil and Gas Operations |
2.0 |
40 |
|
|
Subsidiary |
Kil |
Sweden |
Metal Mining |
|
25 |
|
|
Subsidiary |
Saint Petersburg |
Russian Federation |
Non-Metallic Mining |
|
24 |
|
|
Subsidiary |
Kitwe |
Zambia |
Miscellaneous Capital Goods |
|
21 |
|
|
Subsidiary |
Bengaluru |
India |
Miscellaneous Capital Goods |
|
16 |
|
|
Subsidiary |
Belo Horizonte, MG |
Brazil |
Oil and Gas Operations |
200.0 |
15 |
|
|
Subsidiary |
Burlington, ON |
Canada |
Construction and Agriculture Machinery |
|
15 |
|
|
Subsidiary |
Mexico, DF |
Mexico |
Oil and Gas Operations |
|
10 |
|
|
Subsidiary |
Oslo |
Norway |
Metal Mining |
|
10 |
|
|
Subsidiary |
Gothenburg |
Sweden |
Chemical Manufacturing |
14.5 |
8 |
|
|
Subsidiary |
Anchieta, Espirito Santo |
Brazil |
Miscellaneous Capital Goods |
|
8 |
|
|
Subsidiary |
Katowice |
Poland |
Miscellaneous Capital Goods |
|
7 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Metal Mining |
|
5 |
|
|
Subsidiary |
Espoo |
Finland |
Engineering Consultants |
0.7 |
2 |
|
|
Subsidiary |
Oberursel (Taunus), Hessen |
Germany |
Construction and Agriculture Machinery |
|
1 |
|
|
Subsidiary |
Oberursel (Taunus), Hessen |
Germany |
Investment Services |
|
1 |
|
|
Subsidiary |
Oberursel (Taunus), Hessen |
Germany |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Pretoria, Gauteng |
South Africa |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Sydney, NSW |
Australia |
Metal Mining |
|
|
|
|
Subsidiary |
Victoria, Wheelers Hill |
Australia |
Metal Mining |
|
|
|
|
Subsidiary |
Accra |
Ghana |
Metal Mining |
|
|
|
|
Subsidiary |
Noril'sk |
Russian Federation |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Saint Petersburg |
Russian Federation |
Non-Metallic Mining |
|
|
|
|
Subsidiary |
Coeur D'Alene, ID |
United States |
Electric Utilities |
|
|
|
|
Subsidiary |
Melbourne, VIC |
Australia |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Almaty |
Kazakhstan |
Miscellaneous Capital Goods |
|
|
Executive report
|
Executives |
|
|
|
|
|||
|
General Manager |
Division Head Executive |
|
|||
|
Managing director |
Managing Director |
|
news
|
Patent Issued for Froth Flotation Method
and Apparatus, a Froth Flotation Method and Apparatus for Extracting Bitumen
from a Slurry of Water and Oil... |
10-Oct-2012 |
|
Nurminen Logistics Outotec's logistics partner
for a concentrating plant delivery to Russia |
10-Oct-2012 |
|
Publishing of Outotec's Q1-Q3 2012 Interim
Report |
10-Oct-2012 |
|
OUTOTEC Assigned Patent |
09-Oct-2012 |
|
U.S. Patents Awarded to Inventors in
Colorado (Oct. 9) |
09-Oct-2012 |
|
Petropavlovsk PLC Update on Refractory Ore
Processing Methods Presentation and Q and A Conference Call - Final |
04-Oct-2012 |
|
Australia : Outotec expands its paste
plant business by acquiring Backfill Specialists Pty Ltd in Australia |
04-Oct-2012 |
|
WIPO PUBLISHES PATENT OF GASAFI EDGAR, MISSALLA
MICHAEL, OUTOTEC FOR "CLINKER SUBSTITUTE BASED ON CALCINED CLAY"
(GERMAN INVENTORS) |
04-Oct-2012 |
|
Outotec buys Australia's Backfill
Specialists |
03-Oct-2012 |
|
Finnish Outotec buys mining solutions
specialist in Australia |
03-Oct-2012 |
Articles
|
Australia : Outotec expands its paste
plant business by acquiring Backfill Specialists Pty Ltd in Australia |
04-Oct-2012 |
|
Outotec buys Australia's Backfill
Specialists |
03-Oct-2012 |
|
Outotec Oyj Files Patent Application for
Apparatus for the Treatment of Solids and/or Gases |
29-Sep-2012 |
|
Outotec Oyj Files Patent Application for
Installation for Producing a Coal Cake Suitable for Coking |
27-Sep-2012 |
|
Finland : Outotec's share repurchases
completed |
27-Sep-2012 |
|
Outotec Oyj Files Patent Application for
Sinter Cooler |
26-Sep-2012 |
|
EIB FUNDS OUTOTEC'S R&D |
26-Sep-2012 |
|
Belgium : EIB funds Outotec s R&D to
develop environmentally sound technologies |
26-Sep-2012 |
|
Luxembourg : EIB funds Outotec s R&D
to develop environmentally sound technologies |
26-Sep-2012 |
|
Finland : Outotec and Sandvik to
collaborate in comminution solutions |
25-Sep-2012 |
Annual profit & loss
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
439.4 |
199.2 |
216.3 |
|
Raw materials and services |
130.3 |
317.5 |
242.2 |
|
Net sales |
439.4 |
199.2 |
216.3 |
|
Change in stock |
-70.0 |
276.9 |
216.6 |
|
Other operating income |
7.6 |
19.7 |
22.0 |
|
Raw materials and consumables employed |
130.3 |
317.5 |
242.2 |
|
Other external charges |
48.8 |
70.1 |
47.9 |
|
Cost of goods sold |
179.1 |
387.7 |
290.0 |
|
Cost of raw materials |
179.1 |
387.7 |
290.0 |
|
Taxes and social security costs |
9.6 |
9.0 |
8.0 |
|
Total payroll costs |
51.5 |
51.2 |
47.8 |
|
Fixed asset depreciation and amortisation |
2.8 |
2.9 |
2.7 |
|
Other operating costs |
116.4 |
141.8 |
155.8 |
|
Net operating
income |
85.4 |
-16.8 |
36.4 |
|
Other income |
2.2 |
5.1 |
19.1 |
|
Interest payable on loans |
7.0 |
0.6 |
1.0 |
|
Total expenses |
4.8 |
-4.5 |
-18.1 |
|
Profit before tax |
80.6 |
-12.3 |
54.5 |
|
Provisions |
82.1 |
73.0 |
64.8 |
|
Extraordinary expenses |
7.1 |
- |
- |
|
Extraordinary result |
-7.1 |
- |
- |
|
Total taxation |
- |
- |
2.8 |
|
Profit distributed to shareholders |
-73.5 |
12.3 |
-51.7 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
4.2 |
4.4 |
4.3 |
|
Capital reserves |
35.0 |
37.5 |
36.3 |
|
Other reserves |
2.1 |
- |
- |
|
Total reserves |
2.1 |
- |
- |
|
Total
stockholders equity |
41.3 |
41.9 |
40.6 |
|
Other provisions |
50.1 |
50.1 |
38.6 |
|
Provision for pensions |
33.1 |
25.3 |
23.0 |
|
Provisions and allowances |
83.2 |
75.3 |
61.6 |
|
Trade creditors |
22.0 |
34.9 |
57.0 |
|
Advances received |
222.7 |
276.6 |
215.4 |
|
Taxation and social security |
7.4 |
3.9 |
6.0 |
|
Due to group companies |
115.1 |
40.6 |
60.1 |
|
Total current liabilities |
367.1 |
356.1 |
338.5 |
|
Total
liabilities (including net worth) |
491.5 |
473.3 |
440.7 |
|
Patents |
0.6 |
0.8 |
- |
|
Goodwill |
4.5 |
5.7 |
- |
|
Intangibles |
5.1 |
6.5 |
7.1 |
|
Land and buildings |
0.8 |
0.7 |
- |
|
Machinery and tools |
3.6 |
0.6 |
- |
|
Fixtures and equipment |
0.8 |
0.7 |
- |
|
Fixed assets under construction |
0.8 |
2.4 |
- |
|
Total tangible
fixed assets |
8.3 |
6.8 |
2.8 |
|
Total
non-current assets |
13.4 |
13.3 |
9.9 |
|
Trade debtors |
41.7 |
19.8 |
13.2 |
|
Other receivables |
4.2 |
17.3 |
10.8 |
|
Total
receivables |
474.1 |
456.7 |
429.8 |
|
Owing from associated companies |
428.2 |
419.6 |
405.8 |
|
Cash and liquid assets |
2.1 |
2.7 |
0.5 |
|
Total current
assets |
476.2 |
459.4 |
430.4 |
|
Prepaid expenses and deferred costs |
1.9 |
0.6 |
0.5 |
|
Total assets |
491.5 |
473.3 |
440.7 |
Annual
Ratios
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
12.97 |
12.90 |
12.71 |
|
Acid test ratio |
12.97 |
12.90 |
12.71 |
|
Total liabilities to net worth |
0.89% |
0.85% |
0.83% |
|
Net worth to total assets |
0.01% |
0.01% |
0.01% |
|
Current liabilities to net worth |
0.89% |
0.85% |
0.83% |
|
Fixed assets to net worth |
0.03% |
0.03% |
0.02% |
|
Collection period |
343.00 |
350.00 |
234.00 |
|
Profit margin |
0.02% |
-0.01% |
0.02% |
|
Return on assets |
0.02% |
0.00% |
0.01% |
|
Shareholders' return |
0.18% |
-0.03% |
0.12% |
|
Sales per employee |
80.34 |
35.37 |
42.36 |
|
Profit per employee |
14.73 |
-2.19 |
10.13 |
|
Average wage per employee |
9.42 |
9.08 |
9.37 |
|
Net worth |
41.3 |
41.9 |
40.6 |
|
Number of employees |
413 |
405 |
349 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.07 |
|
UK Pound |
1 |
Rs.84.95 |
|
Euro |
1 |
Rs.68.24 |
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.