MIRA INFORM REPORT

 

 

Report Date :

10.04.2013

 

IDENTIFICATION DETAILS

 

Name :

LOUIS DREYFUS COMMODITIES ASIA PTE. LTD.

 

 

Formerly Known As :

LOUIS DREYFUS ASIA PTE LTD 

 

 

Registered Office :

501 Orchard Road #19-01 Wheelock Place Singapore 238880

 

 

Country :

Singapore

 

 

Financials (as on) :

December 2011 (Group)

December 2011 (Company)

 

 

Date of Incorporation :

05.10.1993

 

 

Com. Reg. No.:

199306551Z

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Wholesaler of agricultural raw materials and live animals except tropical produce

 

 

No. of Employees :

Not available 

 

 

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)

Singapore

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Singapore - ECONOMIC OVERVIEW

 

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 1.0% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to a compound annual growth rate of just 1.8% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

 

Source : CIA

 

 

 

Company Name:

Registered Number:

LOUIS DREYFUS COMMODITIES ASIA PTE. LTD.

199306551Z

 

Date Incorporated:

Registered Office:

Telephone Number:

05/10/1993

501 ORCHARD ROAD #19-01 WHEELOCK PLACE SINGAPORE 238880

6735 9700

Age of Company:

Website:

Industry Type:

20

http://www.ldcom.com/-About-us-.html

COMMERCE-WHOLESALE

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

6

20

Better than last month;last month the entity took 40 days to pay

No. of Charges(s):
0

Industry DTC

 

27

 

Directors

 

Corporate Structure

Number of Current Directors

7

Holding Company:

LOUIS DREYFUS COMMODITIES B.V.

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

5

 

 

EXECUTIVE SUMMARY

 

Company Name

:

LOUIS DREYFUS COMMODITIES ASIA PTE. LTD.

Registration No

:

199306551Z

Date of Registration

:

05/10/1993

Former Name

:

LOUIS DREYFUS ASIA PTE LTD Eff. date : 05/10/1993 Eff. date : 05/10/1993

Date of Change of Name

:

09/11/2006

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

501 ORCHARD ROAD #19-01 WHEELOCK PLACE SINGAPORE 238880

Date of Change of Address

:

01/10/1998

Contact No.

:

6735 9700

Fax No.

:

6735 9600

Website

:

http://www.ldcom.com/-About-us-.html

Registered Activities

:

WHOLESALE OF AGRICULTURAL RAW MATERIALS AND LIVE ANIMALS EXCEPT TROPICAL PRODUCE NEC

COMMODITY TRADING (AGRICULTURE, MINERAL & ENERGY) & SHIPPING (FREE TEXT)

Issued Ordinary Capital*

:

$103,231,300.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 103,231,300

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$103,231,300.00 SINGAPORE, DOLLARS

Paid-Up Preference Capital

:

NA

* Number of Shares includes number of Issued Treasury Shares

Issued Treasury Capital

:

NA

Paid-Up Treasury Capital

:

NA

No. of Local Subsidiaries

:

2

No. of Local Associates

:

3

Auditor

:

DELOITTE & TOUCHE LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 12,969,167,602.00 (FY2011)

Net Worth

:

SGD - SIN 403,109,929.00 (FY2011)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

6

S1000 / SME 1000 / FG50 Ranking

:

195 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2011/2012)

33 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2011/2012)

36 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2010/2011)

246 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2010/2011)

689 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2009/2010)

Compounded Annual Growth Rate (CAGR)

:

32.7% (4 years)

 

SHAREHOLDER DETAILS

 

NAME

:

LOUIS DREYFUS COMMODITIES B.V.

SHAREHOLDER ID

:

T05UF2583D

NATIONALITY

:

NETHERLANDS

ADDRESS

:

WESTBLAAK 92, 3RD FLOOR, 3012 KM ROTTERDAM, THE NETHERLANDS

NO. OF ORD SHARES

:

103,231,300

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

SERGE SCHOEN

ADDRESS

:

CHEMIN DES BOIS 82 1255 VEYRIER, SWITZERLAND

POSITION

:

DIRECTOR

DATE OF APPT

:

15/02/2007

NATIONALITY

:

FRENCH

I/C PASSPORT

:

11AH88376

 

NAME

:

FRANCOIS-PHILIPPE, ANDRE, JEAN, MARIE, PIC

ADDRESS

:

1A CHEMIN DES SEMAILLES 1212 GRAND-LANCY, SWITZERLAND

POSITION

:

DIRECTOR

DATE OF APPT

:

16/10/2012

NATIONALITY

:

FRENCH

I/C PASSPORT

:

11CV59524

 

NAME

:

CIRO ECHESORTU

ADDRESS

:

PLAZA INDEPENDENCIA 811 11100 MONTEVIDEO, URUGUAY

POSITION

:

DIRECTOR

DATE OF APPT

:

10/11/2003

NATIONALITY

:

ARGENTINIAN

I/C PASSPORT

:

13.736.101

 

NAME

:

TIRUMALAI ANANDAM PILLAI KISHEN

ADDRESS

:

63 PATERSON ROAD #09-03 PATERSON, THE SINGAPORE 238539

POSITION

:

DIRECTOR

DATE OF APPT

:

16/10/2012

NATIONALITY

:

INDIAN

I/C PASSPORT

:

G5314015M

 

NAME

:

ROHIT AGGARWAL

ADDRESS

:

4 WILBY ROAD BRIZAY PARK SINGAPORE 276294

POSITION

:

DIRECTOR

DATE OF APPT

:

01/03/2013

NATIONALITY

:

INDIAN

I/C PASSPORT

:

G6286481N

 

NAME

:

JAMES FERNANDO O'DONAHUE

ADDRESS

:

30 MOUNT ELIZABETH #14-32 HIGH POINT SINGAPORE 228519

POSITION

:

DIRECTOR

DATE OF APPT

:

05/10/2012

NATIONALITY

:

BRITISH

I/C PASSPORT

:

G6421344Q

 

NAME

:

CLAUDE PIERRE EHLINGER

ADDRESS

:

17 RUE PARENT DE ROSAN, 75016 PARIS, FRANCE

POSITION

:

DIRECTOR

DATE OF APPT

:

19/11/2007

NATIONALITY

:

LUXEMBOURG

I/C PASSPORT

:

GE4925F

 

NAME

:

LOH LI PING

ADDRESS

:

911 LORONG 1 TOA PAYOH #03-03 OLEANDER TOWERS SINGAPORE 319771

POSITION

:

SECRETARY

DATE OF APPT

:

01/08/2007

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S7625605E

 

 

KEY PERSONNEL PROFILE

 

Name:

CIRO ECHESORTU

NRIC Number:

13.736.101

Available Address:

PLAZA INDEPENDENCIA 811 11100 MONTEVIDEO, URUGUAY

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

LOUIS DREYFUS COMMODITIES ASIA PTE. LTD.

DIRECTOR

10/11/2003

-

NA

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

No Trace

 

 

 

 

 

Bankruptcy Record

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Litigation Search – Writ of Summons

Court

Case No.

Transfer

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

 

LOUIS DREYFUS COMMODITIES FREIGHT ASIA PTE. LTD.

100

LDC ASIA INVESTMENTS PTE. LTD.

100

KENCANA LDC PTE. LTD.

50

LDC KENCANA TRADING PTE. LTD.

50

GREEN EAGLE PLANTATIONS PTE. LTD.

50

                                                                                                                       

 

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there are no bank charges registered against Subject by its bankers.

 

             

LITIGATION

 

there have been 6 litigation suits filed against Subject.

 

 

Current Year

On/After 01 Jan 2013

Past Years

Bef 01 Jan 2013

 

Court (Claim under normal circumstances)

Magistrate (< $80,000)

0

0

District ($80,000 - $250,000)

0

2

High (>$250,000)

0

4

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

District Court

 

Case No.

:

1063

 

Transfer

:

-

 

Date of Filing

:

21/03/2006

 

Amount

:

93,763.93

 

Cause

:

Contract - Others

 

Case Status

:

CONCLUDED

 

Plaintiff

:

DALIAN HUALIANG ENTERPRISE GROUP CO., LTD

SICHUAN JINSHI OIL DRAFF CO., LTD

 

Last Update Date

:

10/05/2011

 

2)

Court

:

Supreme Court

 

Case No.

:

158

 

Transfer

:

-

 

Date of Filing

:

21/03/2006

 

Amount

:

408,068.14

 

Cause

:

Contract - Others

 

Case Status

:

CONCLUDED

 

Plaintiff

:

SHENYANG JINSHI BEAN BRANCH CO., LTD

DALIAN HUALIANG ENTERPRISE GROUP CO., LTD

SICHUAN JINSHI OIL DRAFF CO., LTD

 

Last Update Date

:

10/05/2011

 

3)

Court

:

Supreme Court

 

Case No.

:

51

 

Transfer

:

-

 

Date of Filing

:

24/01/2005

 

Amount

:

186,532.50

 

Cause

:

Contract - Others

 

Case Status

:

CONCLUDED

 

Plaintiff

:

BEIJING CANMA GRAIN CORPORATION

DALIAN HUALIANG ENTERPRISE GROUP CO., LTD

 

Last Update Date

:

10/05/2011

 

4)

Court

:

District Court

 

Case No.

:

5768

 

Transfer

:

-

 

Date of Filing

:

20/12/2004

 

Amount

:

139,597.85

 

Cause

:

Contract - Others

 

Case Status

:

DEEMED DISCONTINUED

 

Plaintiff

:

DALIAN HUALIANG ENTERPRISE GROUP CO., LTD

SICHUAN JINSHI OIL DRAFF CO., LTD

 

Last Update Date

:

10/05/2011

 

5)

Court

:

Supreme Court

 

Case No.

:

1002

 

Transfer

:

-

 

Date of Filing

:

20/12/2004

 

Amount

:

188,816.97

 

Cause

:

Contract - Sale of goods

 

Case Status

:

CONCLUDED

 

Plaintiff

:

DALIAN JINSHI OIL-MAKING CO., LTD

DALIAN HUALIANG ENTERPRISE GROUP CO., LTD

 

Last Update Date

:

10/05/2011

 

6)

Court

:

Supreme Court

 

Case No.

:

1001

 

Transfer

:

-

 

Date of Filing

:

20/12/2004

 

Amount

:

408,068.14

 

Cause

:

Contract - Sale of goods

 

Case Status

:

CONCLUDED

 

Plaintiff

:

SHENYANG JINSHI BEAN BRANCH CO., LTD

DALIAN HUALIANG ENTERPRISE GROUP CO., LTD

SICHUAN JINSHI OIL DRAFF CO., LTD

 

Last Update Date

:

10/05/2011

 

 

COMPLIANCE

 

Date of Last AGM

:

30/06/2012

Date of Last AR

:

27/07/2012

Date of A/C Laid At Last AGM

:

31/12/2011
 

 

COMPLIANCE RATING FOR ANNUAL FILING

 

ANNUAL GENERAL MEETING,ANNUAL RETURN AND ACCOUNTS UP-TO-DATE

 

Note:

 

Provided by ACRA (Accounting and Corporate Regulatory Authority), the Compliance Rating for Annual Filing measures a company’s compliance with the provisions under S175, S197 or S201 of the Companies Act, Cap. 50.

 

Applicable to all “Live” locally incorporated companies except for the Limited Partnerships, Limited Liability Partnerships, Business Entities, Foreign Companies and Public Accounting Firms, the rating provide information on whether a company is up-to-date with the holding of its Annual General Meeting (AGM) with up-to-date financial statements and filing of its Annual Return (AR).

 

For more information: www.acra.gov.sg/compliance

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Group

 

DEC 2011

% Change

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

12,969,167,602

25.25

10,354,473,360

7,981,622,775

8,723,319,074

4,182,759,812

Profit/(Loss) Before Tax

206,372,126

41.32

146,031,608

32,651,729

44,527,549

18,064,462

Profit After Tax attributable to Shareholders

176,260,158

35.71

129,876,784

30,554,883

37,119,930

14,491,238

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

3,157,056,261

8.37

2,913,224,233

1,715,887,014

946,137,752

1,345,142,739

Current Assets

2,705,747,095

0.09

2,703,399,304

1,631,841,442

880,171,849

1,321,542,636

Non Current Assets

451,309,166

115.09

209,824,929

84,045,572

65,965,903

23,600,103

 

 

 

 

 

 

 

Total Liabilities

2,753,946,333

2.94

2,675,418,202

1,583,606,692

824,212,580

1,276,479,151

Current Liabilities

1,940,539,022

-7.36

2,094,693,646

1,538,238,556

784,980,420

1,265,957,827

Non Current Liabilities

813,407,311

40.07

580,724,556

45,368,136

39,232,160

10,521,324

 

 

 

 

 

 

 

Shareholders' Funds

403,109,929

69.51

237,806,031

132,280,320

121,925,172

68,663,586

Share Capital

92,368,478

39.75

66,097,071

70,681,630

68,536,700

44,438,395

Total Reserves

310,741,451

80.97

171,708,960

61,598,690

53,388,472

24,225,191

 

 

FINANCIAL RATIOS

 

 

Group

 

DEC 2011

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

25.25

29.73

-8.50

108.55

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

1.36

1.25

0.38

0.43

0.35

Return on Equity (%)

43.73

54.61

23.10

30.44

21.10

Return on Assets (%)

5.58

4.46

1.78

3.92

1.08

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

6.83

11.25

11.97

6.76

18.59

Current Debt/Equity (Times)

4.81

8.81

11.63

6.44

18.44

Long Term Debt To Equity (Times)

2.02

2.44

0.34

0.32

0.15

Total Asset To Total Equity (Times)

7.83

12.25

12.97

7.76

19.59

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

4.11

3.55

4.65

9.22

3.11

Fixed Assets Turnover (Times)

28.74

49.35

94.97

132.24

177.23

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.39

1.29

1.06

1.12

1.04

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2011

% Change

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

9,840,571,137

23.14

7,991,149,975

7,018,096,273

7,768,375,427

3,869,085,508

Profit/(Loss) Before Tax

162,725,152

135.49

69,101,607

11,529,019

45,381,189

22,150,077

Profit After Tax attributable

 to Shareholders

147,684,861

137.59

62,159,060

11,060,466

39,216,639

18,877,377

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

2,018,779,920

15.10

1,753,960,486

891,091,436

805,191,228

877,870,924

Current Assets

1,703,894,228

1.79

1,673,874,904

833,869,786

755,283,631

853,677,288

Non Current Assets

314,885,692

293.19

80,085,582

57,221,650

49,907,597

24,193,636

 

 

 

 

 

 

 

Total Liabilities

1,719,206,952

7.22

1,603,445,207

775,607,716

679,167,173

808,923,344

Current Liabilities

949,711,516

-11.31

1,070,806,834

746,442,485

650,947,673

808,923,344

Non Current Liabilities

769,495,436

44.47

532,638,373

29,165,231

28,219,500

0

 

 

 

 

 

 

 

Shareholders' Funds

299,572,968

99.03

150,515,279

115,483,720

126,024,054

68,947,581

Share Capital

92,368,478

39.75

66,097,071

70,681,630

68,536,700

44,438,395

Total Reserves

207,204,490

145.45

84,418,208

44,802,090

57,487,354

24,509,186

 

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2011

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

23.14

13.86

-9.66

100.78

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

1.50

0.78

0.16

0.50

0.49

Return on Equity (%)

49.30

41.30

9.58

31.12

27.38

Return on Assets (%)

7.32

3.54

1.24

4.87

2.15

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

5.74

10.65

6.72

5.39

11.73

Current Debt/Equity (Times)

3.17

7.11

6.46

5.17

11.73

Long Term Debt To Equity (Times)

2.57

3.54

0.25

0.22

0.00

Total Asset To Total Equity (Times)

6.74

11.65

7.72

6.39

12.73

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

4.87

4.56

7.88

9.65

4.41

Fixed Assets Turnover (Times)

31.25

99.78

122.65

155.66

159.92

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.79

1.56

1.12

1.16

1.06
 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 32.7% (4 years).

 

CAGR is the year-over-year growth rate of a company over a specified period. Instead of looking at the average growth rate, CAGR allow users to look at the annualized growth rate of a company over a given period, a more indicative measure of growth of a company’s performance over a given period.

 

 

Profitability

The group yielded a rate of net profit on sales of 1.36 per cent in FY11 (FY10: 1.25 per cent). The group is now able to book in SGD - SIN 0.01 of profit for every SGD - SIN of sales in FY11, as compared with SGD - SIN 0.01 a year ago.

 

 

Liquidity

Current ratio stood at 1.39 times in FY11 (FY10: 1.29 times). This means that the group has SGD - SIN 1.39 of current assets for every SGD - SIN of current liability incurred.

 

A minimum figure of 1.0 would be considered the lowest limit that this figure should reach. Any business that has a current ratio near 1.0 may be heading for liquidity problems, and would need to be closely monitored. A figure greater than 2.0 would be more desirable, to act as a buffer against any short-term liquidity problems, and give creditors/bank managers a degree of comfort when granting credit/finance.

 

Leverage

Total debt-to-equity ratio notched 6.83 times in FY11, as compared with 11.25 times in FY10. This means that the group requires additional external financing of SGD - SIN 6.83 for every SGD - SIN injected into its operations.

 

Generally, a total debt-to-equity ratio of less than 0.5 times is preferred. The ratio measures the proportion of the company's reliance on external debt for financing, relative to the shareholder's fund. A lower ratio would imply a greater financial safety and operating freedom for the company.

 

 

Efficiency Ratio

 

Return on equity was 43.73 per cent for Subject in the current financial period, as compared to 54.61 per cent a year ago. The return on equity measures the return earned on the owner's investment.  Generally, the higher this return, the better off the owner.

 

Return on assets stood at 5.58 per cent (FY10: 4.46 per cent). The return on asset measures the overall effectiveness of management in generating profit with its available assets.

 

Total assets turnover ratio logged at 4.11 times in FY11 (FY10: 3.55 times). This ratio measures the group's ability to make productive use of its total assets to generate sales which reflects the efficiency of the management in utilising its resources.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.46

UK Pound

1

Rs.83.13

Euro

1

Rs.70.99

 

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

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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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.