MIRA INFORM REPORT

 

 

Report Date :

20.02.2013

 

IDENTIFICATION DETAILS

 

Name :

TECHNACOM (M) SDN BHD

 

 

Registered Office :

S-07, Podium 1 Menara Ansar 65, Jalan Trus, 80000 Johor Bahru, Johor

 

 

Country :

Malaysia

 

 

Financials (as on) :

30.06.2008

 

 

Date of Incorporation :

01.06.2006

 

 

Com. Reg. No.:

736050-M

 

 

Legal Form :

Private Limited (Limited By Share)

 

 

Line of Business :

Dormant

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Dormant

Payment Behaviour :

--

Litigation :

--

 

 

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

(31.03.2011)

Current Rating

(30.06.2012)

Malaysia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

MALAYSIA - ECONOMIC OVERVIEW

 

Malaysia, a middle-income country, has transformed itself since the 1970s from a producer of raw materials into an emerging multi-sector economy. Under current Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move farther up the value-added production chain by attracting investments in Islamic finance, high technology industries, biotechnology, and services. The NAJIB administration also is continuing efforts to boost domestic demand and reduce the economy's dependence on exports. Nevertheless, exports - particularly of electronics, oil and gas, palm oil and rubber - remain a significant driver of the economy. As an oil and gas exporter, Malaysia has profited from higher world energy prices, although the rising cost of domestic gasoline and diesel fuel, combined with strained government finances, has forced Kuala Lumpur to begin to reduce government subsidies. The government is also trying to lessen its dependence on state oil producer Petronas. The oil and gas sector supplies more than 40% of government revenue. The central bank maintains healthy foreign exchange reserves, and a well-developed regulatory regime has limited Malaysia''s exposure to riskier financial instruments and the global financial crisis. Nevertheless, Malaysia could be vulnerable to a fall in commodity prices or a general slowdown in global economic activity because exports are a major component of GDP. In order to attract increased investment, NAJIB has raised possible revisions to the special economic and social preferences accorded to ethnic Malays under the New Economic Policy of 1970, but he has encountered significant opposition, especially from Malay nationalists and other vested interests.

Source : CIA

 

* Adopted abbreviations :

SC - Subject Company (the company enquired by you)

 

 

 

N/A - Not Applicable

 

 

 

EXECUTIVE SUMMARY

 

 

REGISTRATION NO.

:

736050-M

COMPANY NAME

:

TECHNACOM (M) SDN BHD

FORMER NAME

:

N/A

INCORPORATION DATE

:

01/06/2006

 

 

 

 

 

 

COMPANY STATUS

:

EXIST

LEGAL FORM

:

PRIVATE LIMITED (LIMITED BY SHARE)

LISTED STATUS

:

NO

 

 

 

 

 

 

REGISTERED ADDRESS

:

S-07, PODIUM 1 MENARA ANSAR 65, JALAN TRUS, 80000 JOHOR BAHRU, JOHOR, MALAYSIA.

BUSINESS ADDRESS

:

N/A

TEL.NO.

:

N/A

FAX.NO.

:

N/A

CONTACT PERSON

:

N/A

 

 

 

INDUSTRY CODE

:

0

PRINCIPAL ACTIVITY

:

DORMANT

AUTHORISED CAPITAL

:

MYR 1,000,000.00 DIVIDED INTO
ORDINARY SHARE 1,000,000.00 OF MYR 1.00 EACH.

ISSUED AND PAID UP CAPITAL

:

MYR 700,000.00 DIVIDED INTO
ORDINARY SHARES 700,000 CASH OF MYR 1.00 EACH.

 

 

 

SALES

:

N/A

NET WORTH

:

N/A

 

 

 

STAFF STRENGTH

:

N/A

LITIGATION

:

CLEAR

DEFAULTER CHECK

:

CLEAR

FINANCIAL CONDITION

:

N/A

PAYMENT

:

N/A

MANAGEMENT CAPABILITY

:

N/A

 

 

 

COMMERCIAL RISK

:

N/A

CURRENCY EXPOSURE

:

N/A

GENERAL REPUTATION

:

N/A

INDUSTRY OUTLOOK

:

NOT YET DETERMINED

 

HISTORY / BACKGROUND

The SC is a private limited company and is allowed to have a minimum of one and a maximum of forty-nine shareholders. As a private limited company, the SC must have at least two directors. A private limited company is a separate legal entity from its shareholders. As a separate legal entity, the SC is capable of owning assets, entering into contracts, sue or be sued by other companies. The liabilities of the shareholders are to the extent of the equity they have taken up and the creditors cannot claim on shareholders' personal assets even if the SC is insolvent. The SC is governed by the Companies Act, 1965 and the company must file its annual returns, together with its financial statements with the Registrar of Companies.

The SC is principally engaged in the (as a / as an) dormant.

The SC is not listed on Bursa Malaysia (Malaysia Stock Exchange).

 

The major shareholder(s) of the SC are shown as follows :

Name

Address

IC/PP/Loc No

Shareholding

(%)

MS. NISA A/P MANIAM +

26, JALAN TASEK 9, BANDAR SERI ALAM , 81750 MASAI, JOHOR, MALAYSIA.

880901-01-5970

300,000.00

42.86

S. KUMARESAN +

26, JALAN TASIK 9, TAM SRI ALAM , 81750 MASAI, JOHOR, MALAYSIA.

Z2110059

290,000.00

41.43

MS. SANTAKUMARI A/P MUTHUSAMY +

26, JALAN TASIK 9, BANDAT SERI ALAM, 81750 MASAI, JOHOR, MALAYSIA.

871007-23-6096

60,000.00

8.57

MS. ASHA A/P MANIAM

 

851019-01-5102

50,000.00

7.14

 

 

 

---------------

------

 

 

 

700,000.00

100.00

 

 

 

============

=====

+ Also Director

DIRECTORS



DIRECTOR 1

 

Name Of Subject

:

MR. MOHAMAD KHALIL @ ZULKIFLI BIN IBRAHIM

Address

:

A-06-23, BLOCK A, SOUTH CITY, TAMAN SERDANG PERDANA, 43300 BALAKONG, SELANGOR, MALAYSIA.

 

 

 

New IC No

:

621015-11-5137

Date of Birth

:

15/10/1962

 

 

 

Nationality

:

MALAYSIAN

Date of Appointment

:

10/02/2012

 

 

 

 

 

 

 

 

 

 

 

 

 

DIRECTOR 2

 

Name Of Subject

:

MS. SANTAKUMARI A/P MUTHUSAMY

Address

:

26, JALAN TASIK 9, BANDAT SERI ALAM, 81750 MASAI, JOHOR, MALAYSIA.

 

 

 

New IC No

:

871007-23-6096

Date of Birth

:

07/10/1987

 

 

 

Nationality

:

MALAYSIAN

Date of Appointment

:

02/11/2009

 

 

 

 

 

 

 

 

 

 

 

 

 

DIRECTOR 3

 

Name Of Subject

:

S. KUMARESAN

Address

:

26, JALAN TASIK 9, TAM SRI ALAM , 81750 MASAI, JOHOR, MALAYSIA.

IC / PP No

:

Z2110059

 

 

 

 

 

 

 

 

 

 

 

 

Date of Appointment

:

01/06/2006

 

 

 

 

 

 

 

 

 

 

 

 

 

DIRECTOR 4

 

Name Of Subject

:

MS. NISA A/P MANIAM

Address

:

26, JALAN TASEK 9, BANDAR SERI ALAM , 81750 MASAI, JOHOR, MALAYSIA.

 

 

 

New IC No

:

880901-01-5970

Date of Birth

:

01/09/1988

 

 

 

Nationality

:

MALAYSIAN

Date of Appointment

:

02/11/2009

 

 

 

 

 

 

 

 

 

 

 

 




MANAGEMENT


No data found in our databank.

AUDITOR

 

Auditor

:

GUNALAN & ASSOCIATES

Auditor' Address

:

654, 4TH MILE, JALAN IPOH, 3RD FLOOR, 51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.

 

 

 

 

 

 

 

COMPANY SECRETARIES

 

1)

Company Secretary

:

MR. RAMACCHANDARAN A/L PERIASAMY

 

 

 

 

 

New IC No

:

720720-02-5253

 

Address

:

17, JALAN NB2 3/6, TAMAN NUSA BISTARI 2, 81300 JOHOR BHARU, JOHOR, MALAYSIA.

 

 

 

 

 

 

 

 

 

 

 

 

 

BANKING


No Banker found in our databank.

ENCUMBRANCE (S)



ENCUMBRANCE 1

Date of Creation

:

28/12/2011

Description Of Charge

:

N/A

 

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BERHAD

 

 

 

 

 

 

 

 

Form 40 Dated

Registered and Numbered 1 In The Register of Charges



 

LEGAL CHECK AGAINST SC


* A check has been conducted in our databank againt the SC whether the subject has been involved in any litigation. Our databank consists of 99% of the wound up companies in Malaysia.

No legal action was found in our databank.

No winding up petition was found in our databank.

DEFAULTER CHECK AGAINST SC


* We have checked through the SC in our defaulters' database which comprised of debtors that have been blacklisted by our customers and debtors that have been placed or assigned to us for collection since 1990. Information was provided by third party where the debt amount can be disputed. Please check with creditors for confirmation as alleged debts may have been paid since recorded or are being disputed.

No blacklisted record & debt collection case was found in our defaulters' databank.

PAYMENT RECORD

 

 

 

SOURCES OF RAW MATERIALS:

Local

:

N/A

Overseas

:

N/A

 

 

 

 

CLIENTELE


No data found in our databank.

OPERATIONS

 

 

 

Branch

:

NO

 

Other Information:


The SC is principally engaged in the (as a / as an) dormant.

PROJECTS


No projects found in our databank

CURRENT INVESTIGATION

Latest fresh investigations carried out on the SC indicated that :

Telephone Number Provided By Client

:

607 386 6364

Current Telephone Number

:

N/A

Match

:

N/A

 

 

 

Address Provided by Client

:

NO. 10, JALAN CENDERAI 27, KOTA PUTRI INDUSTRIAL ESTATE MASAI 81750

Current Address

:

N/A

Match

:

N/A

 

 

 

Latest Financial Accounts

:

NO

 

Other Investigations


We were unable to contact the SC and its Directors.

On 19th February 2013 we contacted the SC's Company Secretary. However she refused to disclose any information on its operation.

The contact number provided at 07 386 6364 is left uanswered despite contacting on numerous ocassions.

We were unable to verify the address provided as we could not contact the SC.

FINANCIAL ANALYSIS

 

 

Overall Assessment :

No latest financial accounts were filed with the Registry office during our inspection. Therefore, our comment on the SC's overall financial performance are restricted thereto.

 

 

 

 

 

 

 

Overall financial condition of the SC : N/A

 

 

 

MALAYSIA ECONOMIC / INDUSTRY OUTLOOK

 

Major Economic Indicators:

2008

2009

2010

2011*

2012**

 

 

 

 

 

 

Population ( Million)

27.73

28.13

28.35

28.70

29.10

Gross Domestic Products ( % )

4.6

<0.5>

7.2

5.5

5.3

Domestic Demand ( % )

6.9

2.9

6.3

4.8

7.6

Private Expenditure ( % )

7.1

<2.7>

8.1

7.0

8.7

Consumption ( % )

8.4

0.7

6.7

6.3

7.1

Investment ( % )

1.5

<17.2>

17.7

16.2

15.9

Public Expenditure ( % )

6.5

5.2

3.8

7.6

4.7

Consumption ( % )

11.6

3.1

0.2

8.9

3.0

Investment ( % )

0.7

8.0

2.8

0.6

7.0

 

 

 

 

 

 

Balance of Trade ( MYR Million )

129,563

89,650

118,356

116,058

-

Government Finance ( MYR Million )

<34,462>

<28,450>

<40,482>

<45,511>

<43,021>

Government Finance to GDP / Fiscal Deficit ( % )

<4.8>

<4.8>

<5.6>

<5.4>

<4.7>

Inflation ( % Change in Composite CPI)

<3.3>

<5.2>

5.1

3.1

-

Unemployment Rate

3.7

4.5

3.9

3.3

-

 

 

 

 

 

 

Net International Reserves ( MYR Billion )

388

331

329

415

-

Average Risk-Weighted Capital Adequacy Ratio ( % )

1.91

2.87

2.20

3.50

-

Average 3 Months of Non-performing Loans ( % )

13.24

11.08

15.30

14.80

-

Average Base Lending Rate ( % )

6.72

5.53

6.30

6.60

-

Business Loans Disbursed( % )

11.6

10.5

14.7

15.3

-

Foreign Investment ( MYR Million )

23,261.4

22,156.8

22,517.9

23,546.1

-

Consumer Loans ( % )

-

-

-

-

-

 

 

 

 

 

 

Registration of New Companies ( No. )

41,599

41,578

44,148

-

-

Registration of New Companies ( % )

<4.0>

<0.1>

6.2

-

-

Liquidation of Companies ( No. )

27,992

39,075

25,585

-

-

Liquidation of Companies ( % )

23.7

39.6

<34.5>

-

-

 

 

 

 

 

 

Registration of New Business ( No. )

269,866

312,581

271,414

-

-

Registration of New Business ( % )

-

-

-

-

-

Business Dissolved ( No. )

18,885

19,345

19,738

-

-

Business Dissolved ( % )

<7.6>

2.4

2.0

-

-

 

 

 

 

 

 

Sales of New Passenger Cars (' 000 Unit )

497.5

486.3

543.6

363.0

-

Cellular Phone Subscribers ( Million )

25.1

30.1

32.8

35.3

-

Tourist Arrival ( Million Persons )

21.5

23.6

24.6

25.3

-

Hotel Occupancy Rate ( % )

68.0

58.0

63.0

51.3

-

 

 

 

 

 

 

Credit Cards Spending ( % )

17.1

12.8

14.1

15.6

-

Bad Cheque Offenders (No.)

34,834

36,667

33,568

27,208

-

Individual Bankruptcy ( No.)

13,907

16,228

18,119

16,155

-

Individual Bankruptcy ( % )

5.1

16.7

11.7

<10.8>

-

 

 

 

 

 

 



INDUSTRIES ( % of Growth ):

2008

2009

2010

2011*

2012**

 

 

 

 

 

 

Agriculture

3.6

0.4

2.1

4.7

4.1

Palm Oil

7.0

<1.1>

<3.4>

7.3

-

Rubber

<1.1>

<19.8>

9.9

6.4

-

Forestry & Logging

<1.5>

<5.9>

<3.3>

<4.7>

-

Fishing

4.0

5.5

5.6

2.8

-

Other Agriculture

5.9

9.0

7.9

8.5

-

Industry Non-Performing Loans ( MYR Million )

393.0

413.7

508.4

634.1

-

% of Industry Non-Performing Loans

<2.0>

1.3

2.1

3.2

-

 

 

 

 

 

 

Mining

<0.8>

<3.8>

0.2

<2.4>

2.5

Oil & Gas

12.7

2.1

0.5

<1.7>

-

Other Mining

-

-

-

-

-

Industry Non-performing Loans ( MYR Million )

36.0

44.2

49.7

46.5

-

% of Industry Non-performing Loans

0.1

0.1

0.1

0.1

-

 

 

 

 

 

 

Manufacturing #

1.3

<9.4>

11.4

5.6

4.5

Exported-oriented Industries

2.7

<19.0>

12.1

2.8

-

Electrical & Electronics

2.4

<30.3>

28.4

<4.9>

-

Rubber Products

4.2

<10.1>

25.3

15.4

-

Wood Products

<6.0>

<24.1>

20.1

<7.3>

-

Textiles & Apparel

1.9

<19.5>

<0.4>

14.8

-

Domestic-oriented Industries

9.9

<9.8>

16.3

6.3

-

Food, Beverages & Tobacco

9.5

0.2

3.0

4.2

-

Chemical & Chemical Products

1.4

<7.7>

16.2

5.6

-

Plastic Products

6.5

<9.1>

2.4

3.8

-

Iron & Steel

16.8

<32.7>

29.3

2.4

-

Fabricated Metal Products

14.7

<2.5>

14.9

25.2

-

Non-metallic Mineral

8.3

<15.5>

20.2

16.3

-

Transport Equipment

27.1

<13.5>

36.5

<9.4>

-

Paper & Paper Products

8.6

<5.0>

18.7

15.6

-

Crude Oil Refineries

7.8

0.2

<11.4>

9.3

-

Industry Non-Performing Loans ( MYR Million )

5,729.4

6,007.3

6,217.5

6,537.2

-

% of Industry Non-Performing Loans

16.8

18.3

23.8

25.7

-

 

 

 

 

 

 

Construction

2.1

5.8

5.1

4.4

7.0

Industry Non-Performing Loans ( MYR Million )

4,149.8

3,241.8

4,038.5

3,856.9

-

% of Industry Non-Performing Loans

12.2

9.9

10.7

10.2

-

 

 

 

 

 

 

Services

7.3

2.6

6.5

6.4

6.5

Electric, Gas & Water

5.0

0.4

8.5

5.6

4.8

Transport, Storage & Communication

7.8

1.6

7.7

6.5

7.3

Wholesale, Retail, Hotel & Restaurant

10.0

2.8

4.7

5.2

6.9

Finance, Insurance & Real Estate

9.2

3.8

6.1

6.3

6.5

Government Services

8.6

2.0

6.7

7.6

5.6

Other Services

5.9

4.4

4.2

5.4

5.7

Industry Non-Performing Loans ( MYR Million )

8,281.4

6,631.3

7,384.6

6,825.2

-

% of Industry Non-Performing Loans

24.3

20.2

25.7

23.4

-

 

 

 

 

 

 

 

 

 

 

 

 

* Estimate / Preliminary

 

 

 

 

 

** Forecast

 

 

 

 

 

# Based On Manufacturing Production Index
(Source : Department of Statistics / Economic Report / Bank Negara Report)

 

 

 

 

 

 

 

INDUSTRY ANALYSIS

 

MSIC CODE

0 : DORMANT

 

 

INDUSTRY :

DORMANT

 

 

 


The SC is a dormant company and it is not active in its business operation.

 

 

OVERALL INDUSTRY OUTLOOK : Not Yet Determined

 

CREDIT RISK EVALUATION & RECOMMENDATION

 


During our investigation, we were unable to contact the SC as well as its Directors. In view of this, the SC's existence in the market is in doubt. Based on the above condition, the SC is not qualified for credit assessment.

 

 

PROFIT AND LOSS ACCOUNT

 

 

THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS)

TECHNACOM (M) SDN BHD

 

Financial Year End

30/06/2008

30/06/2007

Months

12

12

Consolidated Account

Company

Company

Audited Account

YES

YES

Unqualified Auditor's Report (Clean Opinion)

YES

YES

Financial Type

SUMMARY

SUMMARY

Currency

MYR

MYR

 

 

 

TURNOVER

-

723,176

 

----------------

----------------

Total Turnover

-

723,176

 

----------------

----------------

 

 

 

PROFIT/(LOSS) FROM OPERATIONS

<4,880>

15,458

 

----------------

----------------

PROFIT/(LOSS) BEFORE TAXATION

<4,880>

15,458

Taxation

0

<2,556>

 

----------------

----------------

PROFIT/(LOSS) AFTER TAXATION

<4,880>

12,902

 

----------------

----------------

PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS

<4,880>

12,902

 

----------------

----------------

PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS

<4,880>

12,902

RETAINED PROFIT/(LOSS) BROUGHT FORWARD

 

 

As previously reported

12,902

0

 

----------------

----------------

As restated

12,902

-

 

----------------

----------------

PROFIT AVAILABLE FOR APPROPRIATIONS

8,022

12,902

 

----------------

----------------

RETAINED PROFIT/(LOSS) CARRIED FORWARD

8,022

12,902

 

=============

=============

 

 

 

 

 

 

BALANCE SHEET

 

 

TECHNACOM (M) SDN BHD

 

ASSETS EMPLOYED:

 

 

FIXED ASSETS

18,436

20,741

 

 

 

 

----------------

----------------

TOTAL LONG TERM ASSETS

18,436

20,741

 

 

 

CURRENT ASSETS

 

 

TOTAL CURRENT ASSETS

99,517

110,612

 

----------------

----------------

TOTAL ASSET

117,953

131,353

 

=============

=============

 

 

 

CURRENT LIABILITIES

 

 

TOTAL CURRENT LIABILITIES

9,931

18,451

 

----------------

----------------

NET CURRENT ASSETS/(LIABILITIES)

89,586

92,161

 

----------------

----------------

TOTAL NET ASSETS

108,022

112,902

 

=============

=============

 

 

 

SHARE CAPITAL

 

 

Ordinary share capital

100,000

100,000

 

----------------

----------------

TOTAL SHARE CAPITAL

100,000

100,000

 

 

 

RESERVES

 

 

Retained profit/(loss) carried forward

8,022

12,902

 

----------------

----------------

TOTAL RESERVES

8,022

12,902

 

 

 

 

----------------

----------------

SHAREHOLDERS' FUNDS/EQUITY

108,022

112,902

 

 

 

 

----------------

----------------

 

108,022

112,902

 

=============

=============

 

 

 

 

 

 

FINANCIAL RATIO

 

 

TECHNACOM (M) SDN BHD

 

TYPES OF FUNDS

 

 

Net Liquid Assets

89,586

92,161

Net Current Assets/(Liabilities)

89,586

92,161

Net Tangible Assets

108,022

112,902

Net Monetary Assets

89,586

92,161

 

 

 

BALANCE SHEET ITEMS

 

 

Total Liabilities

9,931

18,451

Total Assets

117,953

131,353

Net Assets

108,022

112,902

Net Assets Backing

108,022

112,902

Shareholders' Funds

108,022

112,902

Total Share Capital

100,000

100,000

Total Reserves

8,022

12,902

 

 

 

LIQUIDITY (Times)

 

 

Current Ratio

10.02

5.99

 

 

 

SOLVENCY RATIOS (Times)

 

 

Liabilities Ratio

0.09

0.16

Assets Backing Ratio

0.15

0.16

 

 

 

PERFORMANCE RATIO (%)

 

 

Operating Profit Margin

-

2.14

Net Profit Margin

-

1.78

Return On Net Assets

<4.52>

13.69

Return On Capital Employed

<4.52>

13.69

Return On Shareholders' Funds/Equity

<4.52>

11.43

 

 

 



 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.29

UK Pound

1

Rs.84.09

Euro

1

Rs.72.44

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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%)

 

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.