MIRA INFORM REPORT

 

 

Report Date :

12.07.2013

 

IDENTIFICATION DETAILS

 

Name :

OBSCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU PERVYY CHESHSKO-ROSSIYSKIY BANK

 

 

Registered Office :

Lobachevskogo str., 27, Moscow, 119454

 

 

Country :

Russia

 

 

Financials (as on) :

01.04.2013

 

 

Date of Incorporation :

28.05.1996

 

 

Com. Reg. No.:

1027739125303

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Rendering of banking services

 

 

No. of Employees :

330 (approx.) on July, 10, 2013 (company's data)

 

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 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Russia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

russia ECONOMIC OVERVIEW

 

Russia has undergone significant changes since the collapse of the Soviet Union, moving from a globally-isolated, centrally-planned economy to a more market-based and globally-integrated economy. Economic reforms in the 1990s privatized most industry, with notable exceptions in the energy and defense-related sectors. The protection of property rights is still weak and the private sector remains subject to heavy state interference. In 2011, Russia became the world's leading oil producer, surpassing Saudi Arabia; Russia is the second-largest producer of natural gas; Russia holds the world's largest natural gas reserves, the second-largest coal reserves, and the eighth-largest crude oil reserves. Russia is also a top exporter of metals such as steel and primary aluminum. Russia's reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the volatile swings in global prices. The government since 2007 has embarked on an ambitious program to reduce this dependency and build up the country's high technology sectors, but with few visible results so far. The economy had averaged 7% growth in the decade following the 1998 Russian financial crisis, resulting in a doubling of real disposable incomes and the emergence of a middle class. The Russian economy, however, was one of the hardest hit by the 2008-09 global economic crisis as oil prices plummeted and the foreign credits that Russian banks and firms relied on dried up. According to the World Bank the government's anti-crisis package in 2008-09 amounted to roughly 6.7% of GDP. The economic decline bottomed out in mid-2009 and the economy began to grow again in the third quarter of 2009. High oil prices buoyed Russian growth in 2011-12 and helped Russia reduce the budget deficit inherited from 2008-09. Russia has reduced unemployment to a record low and has lowered inflation below double digit rates. Russia joined the World Trade Organization in 2012, which will reduce trade barriers in Russia for foreign goods and services and help open foreign markets to Russian goods and services. At the same time, Russia has sought to cement economic ties with countries in the former Soviet space through a Customs Union with Belarus and Kazakhstan, and, in the next several years, through the creation of a new Russia-led economic bloc called the Eurasian Economic Union. Russia has had difficulty attracting foreign direct investment and has experienced large capital outflows in the past several years, leading to official programs to improve Russia's international rankings for its investment climate. Russia's adoption of a new oil-price-based fiscal rule in 2012 and a more flexible exchange rate policy have improved its ability to deal with external shocks, including volatile oil prices. Russia's long-term challenges also include a shrinking workforce, rampant corruption, and underinvestment in infrastructure.

 

Source : CIA

 

 

 

 

Comments

 

 

Information

The address mentioned in your inquiry belongs to the company Obschestvo s ogranichennoy otvetstvennostyu PERVYY CHESHSKO-ROSSIYSKIY BANK (name in English: FIRST CZECH-RUSSIAN BANK LIMITED LIABILITY COMPANY). We provide the report on this company.

 

 

 

Summary

 

 

Original Name

Obschestvo s ogranichennoy otvetstvennostyu PERVYY CHESHSKO-ROSSIYSKIY BANK

Legal Form

OOO (Limited Liability Company by Russian Law)

Year of Foundation

1996

Sales

-

Employees

330 (approx.) on July, 10, 2013 (company's data)

 

 

 

 

Company Identification Details

 

 

Original Name

Obschestvo s ogranichennoy otvetstvennostyu PERVYY CHESHSKO-ROSSIYSKIY BANK

Short Name

OOO PCHRB

Name in English

FIRST CZECH-RUSSIAN BANK LIMITED LIABILITY COMPANY

Address

Lobachevskogo str., 27, Moscow, 119454, Russian Federation

Legal Address

Lobachevskogo str., 27, Moscow, 119454, Russian Federation

Phone

+7 (495) 2234343

Fax

+7 (495) 2234343

E-mail

bank@pchrb.ru

WEB Address

www.pchrb.ru

 

 

History

05.04.2007: Legal Address changed from Novocheremushkinskaya str., 65, Moscow, 117418, Russian Federation

11.05.2005: Legal Address changed from Luchnikov per., 7/4, bldg. 6, Moscow, 101000, Russian Federation

 

 

 

Official Company Data

 

 

Legal Form

OOO (Limited Liability Company by Russian Law)

Date of Registration

28.08.2002

Registration Number

1027739125303

Statistic Code (OKPO)

42949184

Taxpayer Code (INN)

7701138419

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

Public Record Information

 

 

Information

The company Obschestvo s ogranichennoy otvetstvennostyu PERVYY CHESHSKO-ROSSIYSKIY BANK was not included in the published list of bankrupt companies.

 

 

 

Share Capital

 

 

Current Share Capital

3 510 152 340 RUR

 

 

 

Shareholders

 

 

Total

1 private person

 

 

Shareholder

Mr Popov Roman Yakubovich

Nationality

Russian Federation

Taxpayer Code (INN)

772738826092

Share

100 %

 

 

Comments

The information on the shareholders of the company is presented on 30.01.2012:

According to Russian legislation the information on change of shareholders of companies with the legal status joint-stock company isn’t included in the Single State Register of Legal Entities of Russian Federation.
Data on change of shareholders of company (if the company has a status joint-stock company) are reflected in register of shareholders which is conducted either by the company itself or by independent specific company – register holder. According to Russian legislation to get an extract about the composition of shareholders at current situation from the register of shareholders it’s necessary to be a shareholder of this company (to have no less than 1 % of its share).

The inquired company isn’t public corporation (the shares of the company aren’t presented on the exchange), that’s why the company doesn’t publish quarterly reports about the composition of shareholders.

Therefore current composition of company’s shareholders may differ from ours one in the report.

 

Directors

 

 

Director

Ms Arsent'eva Ol'ga Vasil'evna

 

Signature Right

Nationality

Russian Federation

Taxpayer Code (INN)

773606921464

 

 

 

Re-Registration Data

 

 

Initial Registration

28.05.1996

Registration Number

3291

Registration Authority

CENTRAL BANK ROSSIYSKOY FEDERATSII

 

 

Date of Registration

28.08.2002

 

(Entering into the Single State Register of Legal Entities)

Registration Number

1027739125303

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

 

Date of Re-registration

21.04.2005

File Number

2057711004701

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

11.05.2005

File Number

2057711005438

Registration Authority

Federal Tax Service of Russian Federation

Changes

Legal Address

 

 

Date of Re-registration

27.12.2005

File Number

2057711015195

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

24.04.2006

File Number

2067711003457

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

12.01.2007

File Number

2077711000277

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

21.02.2007

File Number

2077711001620

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

05.04.2007

File Number

2077711002686

Registration Authority

Federal Tax Service of Russian Federation

Changes

Legal Address

 

 

Date of Re-registration

01.10.2007

File Number

2077711008945

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

16.01.2008

File Number

2087711000364

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

21.07.2008

File Number

2087711006546

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

 

Operations

 

 

Activities

Rendering of banking services.

The bank offers:

* Cash-settlement and collection service (making out an individual operating schedule)
* Remote bank service
* Credit of all groups of clients
* Currency accounts service, keeping the passports of the contracts, currency control, documentary and conversion transactions
* Securities transactions
* Reception of deposits, service of transactions on the accounts of natural persons in rubles and foreign currency, remittance without opening of account
* Currency exchange transactions
* Rent of individual use safes

The company is engaged in investment service on russian and international stock markets as well as depositary service.

 

 

Staff Employed

330 (approx.) on July, 10, 2013 (company's data)

Employees' History

322 on January, 01, 2013 (official data)
341 on January, 01, 2012 (official data)

 

Real Estate

 

 

Own

Office
Address: Lobachevskogo str., 27, Moscow, 119454, Russian Federation
(company's data)

 

 

Rent

Office
Address: 2-nd Brestakaya str., 8, Moscow, 125047, Russian Federation
(company's data)

Office
Address: Simonova str., 13, bldg. 2, liter A, St.-Petersburg, 194358, Russian Federation
(company's data)

 

 

 

Export & Import

 

 

Export Countries

2009-2012: No Export Activity

Exported Goods

none

Export Value

none

 

 

Import Countries

2009-2012: No Import Activity

Imported Goods

none

Import Value

none

 

 

 

Branches

 

 

Branch

The company has representations:

Address: Dzerzhinskogo str., 7, Irkutsk, Irkutsk Region, 664003, Russian Federation

Address: Hviezdoslavovo námestie, 7, 811 01, Bratislava, Slovenská republika
Tel.: +421 (25) 4410485
E-mail: v.reistetter@pchrb.ru

 

Participation

 

 

Information

The company is a shareholder of companies:

OOO "PCHRB-FINANS"
Address: Lobachevskogo str., 27, Moscow, 119454, Russian Federation
Registration Number: 1077759313720
Taxpayer Code (INN): 7710686757

OAO "NATSIONAL'NOE BYURO KREDITNYKH ISTORIY"
Address: Skatertnyy per., 20, bldg. 1, Moscow, 121069, Russian Federation
Registration Number: 1057746710713
Taxpayer Code (INN): 7703548386

OOO "VEKTRA"
Address: 2-nd Brestskaya str., 8, Moscow, 125047, Russian Federation
Registration Number: 1047796839375
Taxpayer Code (INN): 7726512594

 

 

 

Related Companies

 

 

Information

Mr Popov Roman Yakubovich and Ms Arsent'eva Ol'ga Vasil'evna aren't shareholders or directors of any other companies in Russian Federation.

 

 

 

Bankers

 

 

Bank

OAO "BANK MOSKVY", bank code: 044525219 (Russian Federation)

Account(s)

47407810800000000300 (RUR)

 

 

Bank

VOLGO-VYATSKIY BANK SBERBANKA ROSSIYSKOY FEDERATSII, bank code: 042202603 (Russian Federation)

Account(s)

47422810042199900126 (RUR)

 

 

Bank

OAO "MTS-BANK", bank code: 044525232 (Russian Federation)

Account(s)

40911810006520094166 (RUR)

 

 

Clients & Suppliers

 

 

Clients

ZAO AB "GAZPROMBANK" (Russian Federation)

OAO "VNESHTORGBANK" (Russian Federation)

ZAO "KOMMERTSBANK (EVRAZIYA)" (Russian Federation)

ZAO "ING BANK (EVRAZIYA)" (Russian Federation)

OAO BANK "PETROKOMMERTS" (Russian Federation)

OAO "BANK ZENIT" (Russian Federation)

OOO "DOYCHE BANK" (Russian Federation)

ZAO KB "SITIBANK" (Russian Federation)

OOO "KHOUM KREDIT END FINANS BANK" (Russian Federation)

OOO "EVROKAPITAL" (Russian Federation)

 

 

Suppliers

ZAO "GAZPROMBANK" (Russian Federation)

OAO "VNESHTORGBANK" (Russian Federation)

ZAO "KOMMERTSBANK (EVRAZIYA)" (Russian Federation)

ZAO "ING BANK (EVRAZIYA)" (Russian Federation)

OAO "BANK MOSKVY" (Russian Federation)

OAO "BANK PETROKOMMERTS" (Russian Federation)

OAO "BANK ZENIT" (Russian Federation)

ZAO KB "SITIBANK" (Russian Federation)

OOO "DOYCHE BANK" (Russian Federation)

OAO BANK "VOZROZHDENIE" (Russian Federation)

 

 

 

Actions at law

 

 

The information of Arbitration court of Moscow about judicial claims is presented

 

Date of registration

25.06.2013

Registration number

A40-166465/2012

Plaintiff

Ms Milyukova Nina Nikolaevna

Defendant

OOO PERVYY CHESHSKO-ROSSIYSKIY BANK

Claim sum

1 190 202 635 RUR

Claim category

Economic disputes

 

Date of registration

20.05.2013

Registration number

A40-61387/2013

Plaintiff

OOO PERVYY CHESHSKO-ROSSIYSKIY BANK

Defendant

OOO "SOYUZTRANSREM"

Claim sum

681 213 483 RUR

Claim category

Default of obligations under the contract

 

Date of registration

26.02.2013

Registration number

A34-924/2011

Plaintiff

OOO PERVYY CHESHSKO-ROSSIYSKIY BANK

Defendant

OOO "PROMINVEST-M"

Claim sum

52 173 300 RUR

Claim category

Default of obligations under the contract

 

Date of registration

05.02.2013

Registration number

A40-11550/2013

Plaintiff

OOO PERVYY CHESHSKO-ROSSIYSKIY BANK

Defendant

OOO LOGIN INVEST

Claim sum

-

Claim category

Economic disputes

 

Date of registration

16.01.2013

Registration number

A53-6027/2012

Plaintiff

OOO "TRANSPETROCHART"

Defendant

OOO PERVYY CHESHSKO-ROSSIYSKIY BANK

Claim sum

-

Claim category

Economic disputes

 

 

 

 

 

Additional information about participation companies

 

 

Below is presented the extended information about the participation companies of subject company.

 

 

 

Name

OAO "NATSIONAL'NOE BYURO KREDITNYKH ISTORIY"

Legal address

Skatertnyy per., 20, bldg. 1, Moscow, 121069, Russian Federation

Registration Number

1057746710713

Taxpayer code (INN)

7703548386

 

 

 

Profit and Loss (extract)

 

The following figures are shown in units of 1000

 

 

 

Period, months

12

12

12

 

Ended

01.01.2012

01.01.2011

01.01.2006

 

Currency

RUR

RUR

RUR

 

SALES

444156

293148

348

 

Cost of Goods sold

127643

37558

10205

 

GROSS PROFIT

316513

255590

-9857

 

Distribution Costs

 

 

 

 

Management Costs

220857

158733

18534

 

OPERATING PROFIT

95656

96857

-28391

 

Non Trading Income

-1752

-1713

59

 

PRE TAX PROFIT

93904

95144

-28648

 

Taxation

20848

19762

 

 

PROFIT AFTER TAX

72753

75408

-21800

 

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

As at

01.01.2012

01.01.2011

01.01.2006

 

Currency

RUR

RUR

RUR

 

TOTAL FIXED ASSETS

55534

50591

10172

 

 Intangible Assets

30884

28570

 

 

 Fixed Assets

3670

2716

3324

 

TOTAL CURRENT ASSETS

268728

190372

45516

 

 Stock

312

193

2302

 

 Trade debtors

88054

55910

4230

 

 Cash

174045

128382

38943

 

TOTAL ASSETS

324262

240964

55688

 

 

 

 

 

 

TOTAL EQUITY

297929

225177

6200

 

 Share Capital

126000

126000

28000

 

 Retained Profits

165626

95098

-21800

 

TOTAL LONG TERM LIABS

20

 

 

 

 Long Term Loans

 

 

 

 

TOTAL CURRENT LIABS

26313

15787

49488

 

 Short Term Loans

 

 

 

 

 Short Term Trade Creditors

16561

11462

49488

 

TOTAL EQUITY & LIABS

324262

240964

55688

 

 

Name

OOO "VEKTRA"

Legal address

2-nd Brestskaya str., 8, Moscow, 125047, Russian Federation

Registration Number

1047796839375

Taxpayer code (INN)

7726512594

 

 

 

Profit and Loss (extract)

 

The following figures are shown in units of 1000

 

 

 

Period, months

12

12

12

12

Ended

01.01.2012

01.01.2011

01.01.2010

01.01.2009

Currency

RUR

RUR

RUR

RUR

SALES

8475

8748

9637

9922

Cost of Goods sold

 

 

 

 

GROSS PROFIT

8475

8748

9637

9922

Distribution Costs

 

 

 

 

Management Costs

10019

9664

9833

9907

OPERATING PROFIT

-1544

-916

-196

15

Non Trading Income

2265

1650

4960

3208

PRE TAX PROFIT

721

734

4764

3223

Taxation

150

154

994

863

PROFIT AFTER TAX

571

580

3770

2360

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

As at

01.01.2012

01.01.2011

01.01.2010

01.01.2009

Currency

RUR

RUR

RUR

RUR

TOTAL FIXED ASSETS

20

34

38

75

 Intangible Assets

 

 

 

 

 Fixed Assets

20

34

38

75

TOTAL CURRENT ASSETS

83707

63021

47489

43968

 Stock

 

181

211

221

 Trade debtors

1196

1205

902

1436

 Cash

82409

61634

875

2810

TOTAL ASSETS

83727

63055

47527

44043

 

 

 

 

 

TOTAL EQUITY

83400

62830

47250

43480

 Share Capital

75000

55000

40000

40000

 Retained Profits

8235

7665

7085

3433

TOTAL LONG TERM LIABS

 

 

 

 

 Long Term Loans

 

 

 

 

TOTAL CURRENT LIABS

327

226

277

563

 Short Term Loans

 

 

 

 

 Short Term Trade Creditors

327

226

277

563

TOTAL EQUITY & LIABS

83727

63055

47527

44043

 

 

Rates of Exchange

 

 

RUR - Russian Rouble

01.01.2012:   1 EUR = 41.67 RUR,   1 USD = 32.19 RUR

EUR - EURO

01.01.2011:   1 EUR = 40.49 RUR,   1 USD = 30.35 RUR

USD - US Dollar

01.01.2010:   1 EUR = 43.46 RUR,   1 USD = 30.19 RUR

 

Financial Data

 

Profit and Loss

The following figures are shown in units of 1000

 

 

Period, months

9

12

12

 

Ended

01.10..2012

01.01.2012

01.01.2011

 

Currency

RUR

RUR

RUR

N

Parameters

 

 

 

 

Interest income:

 

 

 

1

deposits placed in credit institutions

64922

87531

76682

2

loans to other clients (non-credit
organisations)

956821

1201228

1153841

3

financial leasing

 

 

 

4

securities with fixed income

29190

21380

64597

5

other sources

 

 

 

6

Total interest income:

1050933

1310139

1295120

 

Paid interest and related expenses

 

 

 

7

deposits of credit institutions

95336

18887

11187

8

deposits of clients (non-credit organizations)

653173

857878

829899

9

issued debenture securities

2537

4861

8619

10

Total interests payable and similar charges

751046

428513

949705

11

Net interests and similar income

299887

881626

345415

12

Net income from operations with securities

70652

938

697

13

Net income from operations with currency

211630

115676

-164658

14

Net income from operations with
preciouas metals and other financial instruments

57

64

52

15

Net income from revaluation of
foreign currency

-66188

-41124

147653

16

Commission income

273427

157498

132362

17

Commission expenses

25694

10279

11940

18

Net income from single operations

 

 

 

19

Other net operation income

 

 

 

20

Administrative expenses

660425

911692

1014171

21

Provision for possible loss

 

 

 

22

Net profit before taxation

126304

183992

-844730

23

Taxes (incl. profit tax)

58344

80144

82414

24

Net profit for the year

67960

103848

-927144

 

 

 

Balance Sheet

The following figures are shown in units of 1000

 

 

As at

01.04.2013

01.01.2013

01.01.2012

 

Currency

RUR

RUR

RUR

N

Parameters

 

 

 

I

ASSETS

 

 

 

1

Cash

399321

408379

465846

2

Cash in the CENTROBANK of Russian Federation

651675

680726

608656

2,1

Obligatory reserves

523896

561038

420808

3

Placements in  credit institutions

218100

727928

181536

4

Net investments into trading securities

10478

10083

0

5

Net loan debenture

15789552

14518084

11209191

6

Net investment securities withheld until       
redemption

 

 

 

7

Net investments into securities for sale

1376589

1431015

1526260

8

Fixed assets, inventory and intangible assets

2488127

2499811

2538159

9

Accrued expenses

 

 

 

10

Other assets

1252388

1228912

601951

11

TOTAL ASSETS

22333614

21504938

17131599

II

LIABILITIES

 

 

 

12

Loans lended by CENTROBANK of Russian Federation

236112

176567

0

13

Placements with credit institutions

4005059

3243448

645608

14

Deposits

14797007

14623277

13511018

14,1

Deposits of individuals

10453734

9343866

8605366

15

Promissory notes issued by Bank

48884

199483

68819

16

Obligations on payment of percent

 

 

 

17

Other liabilities

390489

405608

114298

18

Provision for loss on settling the accounts      
with debtors, risks and
liabilities

29928

29688

34719

19

TOTAL LIABILITIES

19507479

18678071

14374462

III

EQUITY

 

 

 

20

Share capital

3510152

3510152

3510152

20,1

Ordinary shares registered

 

 

 

20,2

Priviledged shares registered

 

 

 

20,3

Non-registered share capital of
non-share credit organisations

 

 

 

21

Own shares redeemed from shareholders

 

 

 

22

Capital surplus

 

 

 

23

Revaluation of fixed assets

-239444

-241856

-204296

24

Deferred charges and payments influencing
upon net worth (capital)

 

 

 

25

Funds and profit retained for disposition     
of the Bank

 

 

 

26

Net profit/loss for the current year

-3144

107290

103848

27

TOTAL EQUITY

19507479

2826867

2757137

28

LIABILITIES AND EQUITY, TOTAL

 

 

 

IV

MEMORANDUM ITEMS

 

 

 

29

Irrevocable obligations of credit organisation

5456726

4256067

3070217

30

Guarantees secured by bank

344894

466768

972793

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.64

UK Pound

1

Rs.90.14

Euro

1

Rs.77.99

 

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.