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Report Date : |
06.04.2014 |
IDENTIFICATION DETAILS
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Name : |
LITHOS INDUSTRIAL MINERALS GMBH |
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Registered Office : |
Wirtschaftspark ecoplusstraße 2/8, A-4482 Ennsdorf |
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Country : |
Austria |
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Financials (as on) : |
31.07.2013 |
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Date of Incorporation : |
2005 |
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Legal Form : |
Limited Liability Company Since 2005-09-29 |
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Line of Business : |
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No. of Employees |
6 |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Austria |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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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 3.8% in 2009 but saw positive growth of about 2% in 2010 and 2.7% in
2011. Growth fell to 0.6% in 2012. 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. The 2012
unemployment rate of 4.3% was the lowest within the EU. Stabilization measures,
stimulus spending, and an income tax reform pushed the budget deficit to 4.5%
in 2010 and 2.6% in 2011, from only about 0.9% 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 external risks, such as Austrian banks' continued 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 package consisting of a mix of expenditure cuts and new revenues that
will bring public finances into balance by 2016. In 2012, the budget deficit
rose to 3.1% of GDP.
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Source
: CIA |
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Company name: |
LITHOS INDUSTRIAL MINERALS GMBH |
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Status: |
active company |
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Locations: |
Wirtschaftspark ecoplusstraße 2/8, A-4482 Ennsdorf |
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Phone: |
0043 (7223) 86161 |
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Fax: |
0043 (7223) 86161 - 15 |
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E-mail: |
office@lithos-minerals.at |
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Internet: |
http://www.lithos-minerals.at |
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Activities: |
Önace 23990 50% Manufacture of other non-metallic mineral products
n.e.c. |
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Önace 46900 40% Non-specialised wholesale trade |
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Önace 72190 10% Other research and experimental development on natural
sciences and engineering |
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General Assessment: |
Model: CompanyScore |
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Probability of Default (Basel II): |
0,51% Low risk |
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comparison: |
The Rating of this company meets industry average. |
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Recommendation: |
In respect to solvency reasons, there is nothing to say against an
establishment of a business relationship. |
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Detail Assessment: |
Payment 300 Merchandise is mainly imported. Domestic obligations are settled
according to conditions, in some cases there have been delays and reminders. |
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Assessment 400 Overall financial situation is still average. |
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Year of incorporation: |
2005 |
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Activities: |
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Type of company: |
Manufacturing |
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Legal form: |
limited liability company since 2005-09-29 |
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companies' house number: |
FN 268801 x St. Pölten 2005-10-19 |
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VAT number: |
ATU 62110824 |
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number - Austrian National Bank: |
7132549 |
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Import |
Country |
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Import |
world-wide |
|
2014 |
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Financial data:
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total turnover (total sales) |
2014 |
EUR 2.500.000,00 |
(expected) |
|
total turnover (total sales) |
2013 |
EUR 700.000,00 |
(estimated) |
|
total turnover (total sales) |
2012 |
EUR 700.000,00 |
(estimated) |
|
total turnover (total sales) |
2011 |
EUR 600.000,00 |
(approx.) |
|
total employees |
2014 |
6 |
(approx.) |
|
total company vehicles |
2014 |
2 |
(approx.) |
|
cars |
2014 |
2 |
(approx.) |
Extraxt from the Companies' House:
|
firm (style): |
|
5 Lithos Industrial
Minerals GmbH |
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legal form: |
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1 Gesellschaft mit
beschränkter Haftung |
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registered
office: |
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17 politischer Gemeinde
Ennsdorf |
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business adress: |
|
17 Wirtschaftspark ecoplus
Straße 2/8 |
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capital: |
|
1 EUR 36.000 |
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reference date
annual accounts: |
|
12 31. Juli |
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annual accounts: |
|
18 zum 31.07.2013 eingereicht am 12.12.2013 |
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power of representation: |
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1 Die Gesellschaft wird,
wenn mehrere Geschäftsführer |
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managing
director: |
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F Dr. Franz Reitbauer, geb.
20.10.1966 |
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shareholder: |
|
G LITHOS BETEILIGUNGS GMBH |
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general table: |
|
Landesgericht Leoben |
Real estate:
|
Real estate KSV text: |
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No real estate property registered |
Private data:
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Ing. Gerhard Fraundorfer |
1968-06-13 |
4209 Engerwitzdorf Grillparzerstraße 5 |
manager |
0 |
|
Dr. Franz Reitbauer |
1966-10-20 |
4431 Haidershofen Haidershofen 302 |
manager |
2 |
|
Michaela Reitbauer |
1968-12-11 |
4431 Haidershofen Haidershofen 301 |
partner |
0 |
Balance Sheet (absolute) all amounts in EUR
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|
2013-07-31 |
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Intangible assets |
33.257,52 |
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Sum intangible assets |
33.257,52 |
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Tangible assets |
804.774,77 |
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Sum tangible assets |
804.774,77 |
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Financial assets |
14,54 |
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Sum financial assets |
14,54 |
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Sum fixed assets |
838.046,83 |
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Stocks |
571.915,99 |
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Sum stock |
571.915,99 |
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Claims and other assets |
362.574,67 |
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Sum claims |
362.574,67 |
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Cash on hand, cheques and bank deposits |
25.670,59 |
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Sum cash and bank |
25.670,59 |
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Sum current assets |
960.161,25 |
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Deferred charges |
10.549,71 |
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Sum deferred charges |
10.549,71 |
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Assets |
1.808.757,79 |
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Subscribed/declared capital |
36.000,00 |
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Capital reserves |
5.407.497,30 |
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Balance sheet profit/balance sheet loss |
-5.314.931,63 |
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Thereof profit/loss carried forward |
-4.500.856,61 |
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Sum equity capital |
128.565,67 |
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Dividend certificate capital |
525.000,00 |
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Sum floor capital |
525.000,00 |
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Reserves |
105.918,22 |
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Sum reserves |
105.918,22 |
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Liabilities |
1.049.273,90 |
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Sum liabilities |
1.049.273,90 |
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Liabilities |
1.808.757,79 |
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Balance sheet sum |
1.808.757,79 |
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Key ratios
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2013 |
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Equity capital share |
36,13 |
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Fixed assets coverage |
77,98 |
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Locations
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Type |
Locations |
Description |
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E-mail |
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operational |
Wirtschaftspark ecoplus Straße 2/8, A-4482 Ennsdorf |
registered office |
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operational |
Wirtschaftspark ecoplusstraße 2/8, A-4482 Ennsdorf, seit
Dezember 2013 |
registered headquarters, rented premises |
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office@lithos-minerals.at |
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former |
Unterthalham Straße 2, A-4694 Ohlsdorf |
registered office |
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former |
Bachgasse 7, A-8700 Leoben |
registered office |
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former |
Unterthalhamstraße 2, A-4694 Ohlsdorf |
registered headquarters |
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former |
Bachgasse 7, A-8700 Leoben |
registered headquarters |
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former |
Wirtschaftspark ecoplusstraße 2/8, A-4482 Ennsdorf |
main production |
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related companies:
|
Company name |
Postal code |
Stake in % |
KSV-number |
Companies House |
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Shares in this company are held by: |
||||
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LITHOS BETEILIGUNGS GMBH |
Wirtschaftspark ecoplusstraße 2/8, A-4482 Ennsdorf |
95 % 2013-11-19 |
7.203.619 |
FN 398430 b |
|
Michaela Reitbauer |
Haidershofen 301, A-4431 Haidershofen |
5 % 2013-11-19 |
914.883.095 |
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Affiliated companies and further participations: |
||||
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Dr. Franz Reitbauer |
Haidershofen 301, A-4431 Haidershofen |
|
1.958.589 |
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Bankers:
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Banker |
Bank sort code |
Type of banking connection |
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Raiffeisenkasse Haidershofen, 4431 Haidershofen |
32278 |
main bank connection |
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Historical development:
|
Year of incorporation: |
2005 |
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Date of registration: |
2005-10-19 |
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Change of company name: |
||
|
From |
To |
Company name |
|
|
2008-04-17 |
Lithos Mineralhandel GmbH |
|
2008-04-17 |
|
Lithos Industrial Minerals GmbH |
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Former executives: |
|||
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From |
To |
Function |
Name |
|
2005-10-19 |
2008-04-17 |
manager |
Dipl-Ing. Thomas Pollak |
|
2005-10-19 |
2008-04-17 |
manager |
Dipl-Ing. Thomas Schinkinger |
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Former shareholders: |
|||
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From |
To |
Function |
Name |
|
2005-10-19 |
2008-02-07 |
partner |
Dipl-Ing. Thomas Reiterer |
|
2005-10-19 |
2008-04-17 |
partner |
MUT Management-Umwelt- Technologie Consulting Network GmbH |
|
2005-10-19 |
2013-10-08 |
partner |
ASAMER Kies- und Betonwerke GmbH |
|
2013-10-08 |
2013-10-22 |
partner |
LITHOS BETEILIGUNGS GMBH |
|
2013-10-08 |
2013-10-22 |
partner |
Michaela Reitbauer |
|
2013-10-22 |
2013-11-19 |
partner |
ASAMER Kies- und Betonwerke GmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
|
UK Pound |
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
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 |
-- |
|
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.