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Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
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Name : |
MULACKAL HANDEL GES.M.B.H. |
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Formerly Known As : |
INDIEN LEBENSMITTEL HANDELS
Ges.m.b.H. |
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Registered Office : |
Schönygasse 10, A-1100 Wien |
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Country : |
Austria |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
18.08.2000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale and retail trade; repair of motor vehicles |
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No. of Employees : |
04 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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) |
|
Austria |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
austria - ECONOMIC OVERVIEW
Austria, with
its well-developed market economy, skilled labor force, and high standard of
living, is closely tied to other EU economies, especially Germany's. Its
economy features a large service sector, a sound industrial sector, and a
small, but highly developed agricultural sector. Following several years of
solid foreign demand for Austrian exports and record employment growth, the
international financial crisis of 2008 and subsequent global economic downturn
led to a sharp but brief recession. Austrian GDP contracted 3.9% in 2009 but
saw positive growth of about 2% in 2010 and 3% in 2011. Unemployment did not
rise as steeply in Austria as elsewhere in Europe, partly because the
government subsidized reduced working hour schemes to allow companies to retain
employees. Stabilization measures, stimulus spending, and an income tax reform
pushed the budget deficit to 4.7% in 2010 and 3.6% in 2011, from only about
1.3% in 2008. The international financial crisis of 2008 caused difficulties
for Austria''s largest banks whose extensive operations in central, eastern,
and southeastern Europe faced large losses. The government provided bank
support - including in some instances, nationalization - to support aggregate
demand and stabilize the banking system. Austria''s fiscal position compares
favorably with other euro-zone countries, but it faces considerable external
risks, such as Austrian banks'' continued high exposure to central and eastern
Europe as well as political and economic uncertainties caused by the European
sovereign debt crisis. In 2011 the government attempted to pass a
constitutional amendment limiting public debt to 60% of GDP by 2020, but it was
unable to obtain sufficient support in parliament and instead passed the
measure as a simple law. In March 2012, the Austrian parliament approved an
austerity budget that will bring public finances into balance by 2016.
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Source : CIA |
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Company name: |
MULACKAL Handel Ges.m.b.H. |
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Status: |
active company |
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Locations: |
Schönygasse 10, A-1100 Wien |
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Phone: |
0043 (1) 6144214 |
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E-mail: |
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E-mail: |
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Activities: |
Önace 46380 100% Wholesale of other food, including fish,
crustaceans and molluscs |
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|
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General Assessment: |
Model: CompanyScore |
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Probability of Default (Basel II): |
2,22% Medium high risk |
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comparison: |
The Rating of this company is worse than industry average. |
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Recommendation: |
In respect to solvency reasons, there is basically nothing
to say against an establishment of a business relationship. However, we
recommend to take additional safeguarding measures. |
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Detail Assessment: |
As a rule payments are made on time according to
conditions, in some cases there have been delays and reminders. |
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Overall financial situation is still average. |
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Date
of collection order |
Amount presently due |
Amount presently paid |
Collection status quo |
since |
|
2012-04-16 |
EUR 0,00 |
EUR 2.032,81 |
payment due to intervention |
2012-05-07 |
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Sums |
EUR 0,00 |
EUR 2.032,81 |
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|
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Year of incorporation: |
2000 |
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
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Legal form: |
limited liability company since 2000-08-03 |
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companies' house number: |
FN 198250 w Wien 2000-08-18 |
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Activities: |
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VAT number: |
ATU 50002401 |
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number - Austrian National Bank: |
4775562 |
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Import |
Country |
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Import |
Belgium |
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2013 |
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||
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Import |
China |
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2013 |
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Import |
India |
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2013 |
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Import |
Thailand |
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2013 |
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Export |
Country |
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Export |
Germany |
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2013 |
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Export |
Hungary |
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2013 |
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Export |
Netherlands |
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2013 |
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total turnover (total sales) |
2012 |
EUR 1.800.000,00 |
(estimated) |
|
total turnover (total sales) |
2011 |
EUR 1.800.000,00 |
(estimated) |
|
total employees |
2013 |
4 |
(approx.) |
|
total company vehicles |
2013 |
2 |
(approx.) |
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cars |
2013 |
1 |
(approx.) |
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lorries up to 3.5t |
2013 |
1 |
(approx.) |
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firm
(style): |
|
10
MULACKAL Handel Ges.m.b.H. |
|
legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
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registered
office: |
|
1
politischer Gemeinde Wien |
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business
adress: |
|
9
Schönygasse 10 |
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capital: |
|
1
EUR 40.000 |
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reference
date annual accounts: |
|
1
31. Dezember |
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annual
accounts: |
|
19
zum 31.12.2011 eingereicht am 10.08.2012 |
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managing
director: |
|
A
Joseph Abraham, geb. 25.05.1960 |
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shareholder: |
|
A
Joseph Abraham, geb. 25.05.1960 |
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general
table: |
|
Handelsgericht Wien |
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Real
estate text: |
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No real estate property registered |
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Joseph Abraham |
1960-05-25 |
1100 Wien Schönygasse 10 |
manager, partner |
2 |
(absolute) all
amounts in EUR
|
|
2011-12-31 |
|
Other intangible assets |
4.750,00 |
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Sum intangible assets |
4.750,00 |
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Other tangible assets |
288.024,64 |
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Sum tangible assets |
288.024,64 |
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Sum fixed assets |
292.774,64 |
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Special account stock |
497.647,15 |
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Sum stock |
497.647,15 |
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Special account claims |
512.327,29 |
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Sum claims |
512.327,29 |
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Cash on hand, cheques and bank deposits |
12.180,13 |
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Sum cash and bank |
12.180,13 |
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Sum current assets |
1.022.154,57 |
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Deferred charges |
9.660,00 |
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Sum deferred charges |
9.660,00 |
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Assets |
1.324.589,21 |
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Subscribed/declared capital |
40.000,00 |
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Not committed capital reserves |
25.329,33 |
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Other reserves |
4.808,03 |
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Balance sheet profit/balance sheet loss |
-297.231,40 |
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Thereof profit/loss carried forward |
-86.693,13 |
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Sum equity capital |
-227.094,04 |
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Other reserves |
3.000,00 |
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Sum reserves |
3.000,00 |
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Other liabilities |
1.548.683,25 |
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Sum liabilities |
1.548.683,25 |
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Liabilities |
1.324.589,21 |
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Balance sheet sum |
1.324.589,21 |
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2011 |
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Equity capital share |
-17,14 |
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Fixed assets coverage |
-77,56 |
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Type |
Locations |
Description |
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E-mail |
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operational |
Taborstraße 95 (Ladestraße 3, Magazin 1), A-1020
Wien |
warehouse, rented premises |
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operational |
Schönygasse 10, A-1100 Wien |
registered office |
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operational |
Schönygasse 10, A-1100 Wien |
address according to licence of trade |
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operational |
Schönygasse 10, A-1100 Wien |
registered headquarters, rented premises |
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former |
Naschmarkt 600, A-1050 Wien |
registered office |
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former |
Taborstraße 95, A-1020 Wien |
registered headquarters |
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former |
Schönygasse 10, A-1100 Wien |
registered headquarters |
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former |
Naschmarkt 600, A-1050 Wien |
registered headquarters |
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former |
Naschmarkt 613, A-1050 Wien |
registered headquarters |
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Company name |
Postal code |
Stake in % |
|
Companies House |
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Shares in this company are
held by: |
||||
|
Joseph Abraham |
Schönygasse 10, A-1100 Wien |
100 % 2000-08-18 |
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Affiliated companies and
further participations: |
||||
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DESHI "ANTON" Exotische Lebensmittel GmbH |
Schönbrunnerstraße 223, A-1120 Wien |
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|
FN 245439 s |
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Banker |
Bank sort code |
Type of banking connection |
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BAWAG P.S.K. Bank für Arbeit und Wirtschaft, 1011 Wien |
14000 |
main bank connection |
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Year of incorporation: |
2000 |
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Date of registration: |
2000-08-18 |
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Change of company name: |
||
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From |
To |
Company name |
|
|
2006-06-17 |
INDIEN LEBENSMITTEL HANDELS Ges.m.b.H. |
|
2006-06-17 |
|
MULACKAL Handel Ges.m.b.H. |
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Former executives: |
|||
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From |
To |
Function |
Name |
|
2003-07-03 |
2006-04-07 |
manager |
Abraham Mulackachirayil Abraham |
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Former shareholders: |
|||
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From |
To |
Function |
Name |
|
2000-08-18 |
2003-06-06 |
partner |
Thomas Abraham |
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2000-08-18 |
2003-06-06 |
partner |
James Koithara |
|
2000-08-18 |
2003-06-06 |
partner |
Dr. Wolfgang Krauss |
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2003-06-06 |
2006-04-04 |
partner |
Abraham Mulackachirayil
Abraham |
|
2000-08-18 |
2007-12-28 |
partner |
Ivey Abraham |
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Mergers: |
||
|
Date |
Function |
Name |
|
2000-10-11 |
merged with |
Joseph Abraham |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
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.