MIRA
INFORM REPORT
|
Report Date : |
18.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
LAUNDRESSE INTERNATIONAL (PTY)LTD |
|
|
|
|
Registered Office : |
Ground Floor Autoparks Housse, 13 Cross Road,
Glenhazel, 2192 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
18.09.1998 |
|
|
|
|
Com. Reg. No.: |
M1998/018674/07 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacture of carpets, Rugs and Mats |
|
|
|
|
No. of Employees : |
9 |
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) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH AFRICA - ECONOMIC OVERVIEW
south Africa is a middle-income, emerging market with an abundant supply
of natural resources; well-developed financial, legal, communications, energy,
and transport sectors; a stock exchange that is the 18th largest in the world;
and modern infrastructure supporting a relatively efficient distribution of
goods to major urban centers throughout the region. Growth was robust from 2004
to 2007 as South Africa reaped the benefits of macroeconomic stability and a
global commodities boom but began to slow in the second half of 2007 due to an
electricity crisis and the subsequent global financial crisis' impact on
commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in
2010-11. Unemployment remains high and outdated infrastructure has constrained
growth. State power supplier Eskom encountered problems with aging plants and
meeting electricity demand necessitating "load-shedding" cuts in 2007
and 2008 to residents and businesses in the major cities. Daunting economic
problems remain from the apartheid era - especially poverty, lack of economic
empowerment among the disadvantaged groups, and a shortage of public
transportation. South Africa''s economic policy is fiscally conservative
focusing on controlling inflation and attaining a budget surplus. The current
government largely follows these prudent policies but must contend with the
impact of the global crisis and is facing growing pressure from special
interest groups to use state-owned enterprises to deliver basic services to
low-income areas and to increase job growth.
|
Source
: CIA |
Company name
|
Subject Name |
LAUNDRESSE INTERNATIONAL (PTY)LTD |
|
Country |
South Africa |
|
Enquiry Terms |
COD |
|
Account Review |
6 MONTHS |
|
Subject Contact Person |
SHAREEN - 0114998000 |
Assessment On investigation we established that this is a large company. The
subject imports their goods. The subject is meeting commitments timeously with
suppliers. A bank code C was obtained for an amount of R 2 000 000 over a
period of 30 days. Please see the available information for the subject below.
Company information
|
Registered Name |
LAUNDRESSE INTERNATIONAL (PTY)LTD |
|
Trading as/ Division Name |
INTERNATIONAL CARPERT AND TEXTILE |
|
Previous Name |
INTERNATIONAL CARPERT AND TEXTILE (PTY) LTD |
|
Date of Name Change |
|
|
Registration Number |
M1998/018674/07 |
|
Registration Date |
1998/09/18 |
|
Date Commenced Trading |
|
|
Age of Business |
|
|
History of Business |
International Carpet & Textile (ICT) was
established 35 years ago. At inception ICT acquired the agency rights to the
Balta Group in South Africa, and currently retains the exclusive agency for
Balta in the country. Balta, with its head office in Belgium, is the world's
largest manufacturer of carpets and rugs. |
|
History of Principals |
DAVID SAMUEL bought the company and chage the to
LAUNDRESSE INTERNATIONAL (PTY)LTD |
|
Shareholders/Members/Partners of subject and %
holding |
100% DAVID SAMUEL |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
|
Status |
In Business |
|
Operations Assessment |
Import and resell Carpert |
|
Industry/ Customers |
Public |
|
Export |
|
|
Export Countries |
|
|
Import |
|
|
Import Countries |
China, India |
|
Major Industry Code / SICC |
31220 |
|
Definition of Code |
Manufacture of carpets,Rugs and Mats |
|
Head Office Physical Address |
GROUND FLOOR AUTOPARKS HOUSSE, 13 CROSS ROAD,
GLENHAZEL, 2192 |
|
Head Office Postal Address |
P 0 BOX 787, HIGHLANDS NORTH, 2037 |
|
Current Tel Number |
0114998000 |
|
Cell Number |
0828914379 |
|
Current Fax Number |
0866499927 |
|
Current Email Address |
|
|
Web Site Address |
www.internationalcarpets.co.za |
|
Comments |
|
Auditors information
|
Company Registered Name |
IAPA JOHANNESBURG CHARTERED ACCOUNTANTS (PTY)LTD |
|
Trading Name |
IAPA JOHANNESBURG |
|
Registration Number |
2001/016887/07 |
|
Physical Address |
GROUND FLOOR ANTOPAKS HOUSE, CNR CROSS/PARK CRES
ROAD, GLENHAZEL, 2192 |
|
Postal Address |
P 0 BOX 787, HIGHLANDS NORTH, 2037 |
|
Contact Person |
ROBERT |
|
Contact Number |
0118878593 |
|
Email |
|
|
Principals |
2 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
Practice Number |
927996E |
|
VAT Number |
4540210426 |
|
Tax Number |
9357194142 |
|
BEE Status |
No |
|
Financial Year End |
February |
|
No of years in Business |
6 Years |
|
Website |
|
|
Comment |
SAICA NUMBER-04833082 |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
PAPAILSKY HURWITZ |
|
14 |
|
Tax information
|
Vat Number |
4850177470 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1998/09/18 |
|
Tax Number |
9436399845 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
February |
|
Comment |
|
|
Black Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Comment |
|
|
ISO Status |
|
|
Type of ISO Grade |
No |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited Agent |
|
|
Comment |
|
|
Workman's compensation |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Company structure
|
Subsidiary Company |
None |
|||
|
Shareholding |
|
|||
|
Registration Number |
|
|||
|
Import / Export |
|
|||
|
Comment |
|
|||
|
Employees |
||||
|
Number of Employees |
9 |
|||
|
1. Salaried employees |
|
|||
|
2. Waged employees |
|
|||
|
3. Permanent employees |
9 |
|||
|
4. Casual employees |
|
|||
|
5. Contracted employees |
|
|||
|
Comment |
|
|||
|
Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Ownerd/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
2 |
|||
|
Comment |
|
|||
|
Cars |
2 |
Owned |
|
|
Offices
|
Offices |
Offices |
|
|
Head Office Owned/ Rented |
Leased |
|
|
Rental Company |
YODATA (PTY) LTD |
|
|
Owned by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease Agreement |
5 YEARS |
|
|
Lease Expire Date |
|
|
|
Type of Premises |
OFFICES |
|
|
Comment |
|
|
|
Branch Information |
||
|
Branches Names |
Country |
Province |
|
None |
|
|
Branch Detail
Information
|
Branches Owned/ Rented |
|
|
Rental Company |
|
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
|
Comment |
|
Management Overview
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
1 |
DIRECTOR |
DAVID
SAMUEL |
|
Company Structure (Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100%
CLIVE SAMUEL |
LAUNDRESSE
INTERNATIONAL (PTY) LTD |
|
|
Key deals signed within the past 12 months.
|
Company |
Value |
Contact |
Comment |
|
None |
|
|
|
Trade Reference
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial
Bonds |
Comment |
|
1 |
TAXI TRUCKS |
0215353100 |
|
|
|
|
2 |
REBUFF |
0152237051 |
|
|
|
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
2011 |
R 40000.00 |
R 30000.00 |
30 DAYS |
R
30000 |
30
DAYS |
GOOD |
|
2 |
10
YEARS |
R 30000.00 |
R 20000.00 |
30 DAYS |
R19000 |
30
DAYS |
GOOD |
Adverse Information on Subject
Judgements
|
Judgements |
None |
||||
|
Possible
Judgements |
No
Information on Record |
||||
|
Civil
Court |
No
Information on Record |
||||
|
RDs |
No
Information on Record |
||||
|
Comment |
No
Information on Record |
||||
|
Business
Rescue |
|||||
|
Date registered |
Business
rescue practitioner |
Contact Information |
Details |
Comment |
|
|
|
No
Information on Record |
No Information on Record |
No Information on Record |
None |
|
|
Date |
Details |
Comment |
|
|
No Information on Record |
None |
|
Notarial Bonds |
||
|
Date |
Details |
Comment |
|
|
No Information on Record |
None |
Bank information
|
Bank |
STANDARD BANK |
|
Branch |
BRAMLEY |
|
Brach Code |
|
|
Bank Account Number |
2976579 |
|
Type of Account |
CURRENT |
|
Account Name |
LAUNDRESSE INTERNATIONAL (PTY) LTD |
|
Overdraft Facilities |
YES |
|
Bank Code |
C For R 2000000 |
|
Bank Comment |
The subject's bankers consider them good for all
business normal engagement |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information
on Record
Deeds Information
Property Interests for CompanyLAUNDRESSE
INTERNATIONAL (PTY)LTD
|
Title Deed No. |
T50932/1999 |
Erf/Site No. |
0 |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
6 SOOKHAI WESTVILLE WESTVILLE |
|
Property Type |
Freehold / Ervin |
Extent / Size |
2266.0SQM |
|
Purchase Date |
1999/05/10 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
B O E BANK LTD |
|
Bond Number |
B236421999 |
Bond Amount |
|
|
Comment |
|
||
Financial
information
Financial Estimates
|
CURRENT ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
Loan Details |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
|
|
Current Turnover per month |
R 500000.00 |
|
Current Turnover per annum |
R 6000000.00 |
|
Comment |
|
|
Please note the following: |
|
|
Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
|
Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection
Act |
Principals
|
Number of Principals |
3 |
|
|
Average Age of Active Principals |
66 |
|
|
Active Principals Principal - 1of 3 CLIVE RICHARDS |
||
|
Surname |
RICHARDS |
|
|
First Name |
CLIVE |
|
|
Other Names |
|
|
|
Marital Status |
|
|
|
ID Number |
5902135046086 |
|
|
Verified ID Number |
Yes |
|
|
Current Age |
53 |
|
|
Designation |
DIRECTOR |
|
|
Status |
Active |
|
|
Appointment Date |
2009/06/23 |
|
|
Physical Address (at time of Appointment) |
18 AVENUE LE SEUER, FRESNAYE, CAPE TOWN, 8000 |
|
|
Postal Address |
P 0 BOX 1191, SEA POINT, 8060 |
|
|
Current Tel Number |
0115436669 |
|
|
Cell number |
0832996882 |
|
|
Shareholding/Membership |
0.0000 |
|
PRINCIPAL ADVERSE –
NO INFORMATION ON RECORD
Business Information forCLIVE RICHARDS
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LAUNDRESSE INTERNATIONAL (PTY) LTD |
M1998/018674/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
CLIVEJAC TRADING (PTY) LTD |
M2009/010409/07 |
Deregistration Process |
3 Years 3 Months |
0 |
No |
|
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CABOOM PROPERTY CC |
B1997/013004/23 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
|
EDGARS RETAIL TRADING (PTY)LTD |
M1949/035513/07 |
Deregistration Final |
63 Years 3 Months |
0 |
No |
|
|
TOPICS (PTY)LTD |
M1955/000568/07 |
In Business |
57 Years 9 Months |
0 |
No |
|
|
SECURED ASSET FINANCE 5 (PTY)LTD |
M2000/023689/07 |
Deregistration Final |
|
0 |
No |
|
|
RAPID DAWN 132 (PTY) LTD |
M2002/004179/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
PRINCIPAL ADVERSE –
NO INFORMATION ON RECORD
Business Information for
JUSTIN SAUL SAMUELS
Principal Current Business Interests
|
Surname |
SAMUELS |
|
First Name |
JUSTIN SAUL |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
3912185013086 |
|
Verified ID Number |
No |
|
Current Age |
73 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2009/05/21 |
|
Physical Address (at time of Appointment) |
31 NORMANDIE AVE, FRESNAYE, CAPE TOWN, 8005 |
|
Postal Address |
P O BOX 1300, CAPE TOWN, 8000 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
PRINCIPAL ADVERSE –
NO INFORMATION ON RECORD
Business information
for JUSTIN SAUL SAMUELS
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LAUNDRESSE INTERNATIONAL (PTY) LTD |
M1998/018674/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
LTD%20-%20193229%2018-Sep-2012_files/image002.gif)
Principal Previous Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
Principal - 3of 3 DAVID SAMUELS
|
|
|
|
Surname |
SAMUELS |
|
First Name |
DAVID |
|
Other Names |
|
|
Marital Status |
Married |
|
ID Number |
3912185013008 |
|
Verified ID Number |
Yes |
|
Current Age |
73 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2009/05/21 |
|
Physical Address (at time of Appointment) |
31 AVENUE NORMANDIE, FRESNAYE, CAPE TOWN, 8005 |
|
Postal Address |
31 AVENUE NORMANDIE, FRESNAYE, FRESNAYE, CAPE
TOWN, 8005 |
|
Current Tel Number |
0214340336 |
|
Cell number |
0828914379 |
|
Shareholding/Membership |
100% |
Business information for DAVID SAMUELS
PRINCIPAL CURRENT BUSINESS INTERESTS
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
METEOR FIRE PROPERTY HOLDINGS CC |
B1988/022553/23 |
In Business |
0 |
0 |
No |
|
|
WILD BREAK 1004 CC |
B2002/013306/23 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
BESTVEST 79 CC |
B2004/028248/23 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
COOPER AND COOPER (PTY)LTD |
M1936/008462/07 |
In Business |
76 Years 4 Months |
0 |
No |
|
|
TSALA HOISTING (PTY) LTD |
M1959/000003/07 |
In Business |
53 Years 5 Months |
0 |
No |
|
|
INVICTA HOLDINGS LTD |
M1966/002182/06 |
In Business |
46 Years 10 Months |
0 |
No |
|
|
BENKEMP PETS PARADISE (PTY)LTD |
M1969/000440/07 |
Conversion CO/CC or CC/CO |
43 Years 7 Months |
0 |
No |
|
|
THE GOOD HOPE FOUNDATION |
M1986/002138/08 |
In Business |
26 Years 2 Months |
0 |
No |
|
|
LAUNDRESSE INTERNATIONAL (PTY) LTD |
M1998/018674/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
C AND Z INVESTMENTS (PTY) LTD |
M2009/002740/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
|
ANDOSPAN (PTY) LTD |
M2009/005617/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
PRINCIPAL PREVIOUS BUSINESS INTERESTS
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CREOLE INVESTMENTS (PTY) LTD |
1995/002109/07 |
In Business |
17 Years 5 Months |
1 |
No |
|
|
LYONS FINANCIAL SOLUTIONS HOLDINGS LTD |
1997/022117/06 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
D M R SALES CC |
B1989/018866/23 |
Deregistration Final |
23 Years 11 Months |
0 |
No |
|
|
KOOLA WORLD DISTRIBUTORS CC |
B1998/029479/23 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
FUSION PROPERTIES 158 CC |
B2003/102943/23 |
Deregistration Final |
9 Years 9 Months |
0 |
No |
|
|
ADDKT PROPERTIES CAPE CC |
B2010/037343/23 |
In Business |
2 Years 2 Months |
0 |
No |
|
|
BEARINGMAN 1955 LTD |
M1955/002109/06 |
In Business |
57 Years 9 Months |
0 |
No |
|
|
REDWOOD FINANCING (PTY) LTD |
M1955/003381/07 |
Deregistration Final |
57 Years 9 Months |
0 |
No |
|
|
BELLERIVE FINANCE (PTY) LTD |
M1972/009226/07 |
In Business |
40 Years 4 Months |
0 |
No |
|
|
THE HOME STUDY COLLEGE OF SOUTHERN AFRICA (PTY)
LTD |
M1980/010603/07 |
Dissolved |
32 Years 8 Months |
0 |
No |
|
|
THE EXECUTIVE TASK FORCE (CAPE) (PTY) LTD |
M1985/002934/07 |
Deregistration Final |
27 Years 3 Months |
0 |
No |
|
|
LOCKWISE (PTY)LTD |
M1986/001380/07 |
Conversion CO/CC orCC/CO |
26 Years 2 Months |
0 |
No |
|
|
TASK CREDIT CONSULTANTS (PTY) LTD |
M1986/004586/07 |
Deregistration Final |
26 Years 2 Months |
0 |
No |
|
|
THE EXECUTIVE TASK FORCE (PTY)LTD |
M1986/004590/07 |
Deregistration Final |
26 Years 2 Months |
0 |
No |
|
|
UTOS INVESTMENTS (PTY) LTD |
M1990/007171/07 |
Deregistration Final |
22 Years 10 Months |
0 |
No |
|
|
STENHAM INVESTMENTS (PTY) LTD |
M1996/009772/07 |
Deregistration Final |
16 Years 4 Months |
0 |
No |
|
|
TRADEPOWER ELECTRONICS (PTY) LTD |
M1997/019406/07 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
|
JCI FINANCIAL SOLUTIONS HOLDINGS (PTY) LTD |
M1997/022117/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
TRANAMICS (PTY)LTD |
M1998/003179/07 |
Deregistration Final |
14 Years 2 Months |
0 |
No |
|
|
LOCKS FOR AFRICA (PTY) LTD |
M2001/006226/07 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
|
DASOL PROPERTIES (PTY) LTD |
M2001/023986/07 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
|
GLAVA INVESTMENTS (PTY) LTD |
M2002/013246/07 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
|
|
KENNY FINBERG PROPERTY AUCTIONS (PTY) LTD |
M2005/001774/07 |
Deregistration Final |
7 Years 7 Months |
0 |
No |
|
|
BEARING MAN (PTY) LTD |
M2005/023003/07 |
Voluntary Liquidation |
7 Years 7 Months |
0 |
Yes |
|
|
SCIOTRON (PTY)LTD |
M2010/008936/07 |
In Business |
2 Years 2 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.97 |
|
|
1 |
Rs.87.52 |
|
Euro |
1 |
Rs.70.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.