|
Report Date : |
14.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
ARSLANIAN FRERES NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 30 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.06.1970 |
|
|
|
|
Com. Reg. No.: |
407183729 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler of diamonds and other precious stones |
|
|
|
|
No of Employees : |
9 |
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Belgium |
A1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
BELGIUM ECONOMIC OVERVIEW
This modern, open, and private-enterprise-based economy has
capitalized on its central geographic location, highly developed transport network,
and diversified industrial and commercial base. Industry is concentrated mainly
in the more heavily-populated region of Flanders in the north. With few natural
resources, Belgium imports substantial quantities of raw materials and exports
a large volume of manufactures, making its economy vulnerable to volatility in
world markets. Roughly three-quarters of Belgium's trade is with other EU
countries, and Belgium has benefited most from its proximity to Germany. In
2013 Belgian GDP grew by 0.1%, the unemployment rate increased to 8.8% from
7.6% the previous year, and the government reduced the budget deficit from a
peak of 6% of GDP in 2009 to 3.2%. Despite the relative improvement in
Belgium's budget deficit, public debt hovers around 100% of GDP, a factor that
has contributed to investor perceptions that the country is increasingly
vulnerable to spillover from the euro-zone crisis. Belgian banks were severely
affected by the international financial crisis in 2008 with three major banks
receiving capital injections from the government, and the nationalization of
the Belgian retail arm of a Franco-Belgian bank.
|
Source
: CIA |
Business number 407183729
Company name ARSLANIAN FRÈRES
NV
Address HOVENIERSSTRAAT
30
2018 ANTWERPEN
Number of staff 9
Date of
establishment 01/06/1970
Telephone number 032339688
Fax number 032264686
|
Company name |
Company Number |
View linked companies from outside this company's
group structure |
|
Arslanian Frères NV |
407183729 |
No linked companies have been found |
The business was established over 44 years ago.
The business has 9 employees.
The business is part of a group.
This business has a foreign parent business.
The business has been at the address for over 9 years.
The credit rating for this business has decreased from 99 to 97.
The credit limit for this business has decreased from €4950000 to €4850000.
Operating Result in the latest trading period decreased 23% on the previous trading period.
A 32% decline in Total Assets occurred during the latest trading period.
Pre-tax profits increased by 72% compared to the previous trading period.
The business saw an increase in their Cash Balance of 29% during the latest trading period.
Accounts
|
Date of latest accounts |
Turnover |
Profit Before
Tax |
Net worth |
Working capital |
|
31/12/2013 |
357,992,488 |
370,731 |
15,503,784 |
17,329,797 |
|
31/12/2012 |
298,549,394 |
215,072 |
15,248,238 |
17,730,091 |
|
31/12/2011 |
231,670,185 |
79,991 |
15,170,880 |
18,249,394 |
Accounts
|
Date of latest
accounts |
Balance Total |
Number of
Employees |
Capital |
Cash flow |
|
31/12/2013 |
77,131,006 |
9 |
2,150,476 |
491,608 |
|
31/12/2012 |
113,649,565 |
8 |
2,150,476 |
267,401 |
|
31/12/2011 |
85,532,688 |
8 |
2,150,476 |
238,784 |
Trends
Profitability
Liquidity
Net worth
Payment expectations
|
Past payments |
|
Payment expectation days |
36.15 |
|
|
Industry average payment
expectation days |
129.40 |
Industry average day
sales outstanding |
131.66 |
|
|
Day sales outstanding |
46.98 |
|
|
|
|
Business number |
407183729 |
Company name |
ARSLANIAN FRÈRES NV |
|
|
Fax number |
032264686 |
Date founded |
01/06/1970 |
|
|
Company status |
active |
Company type |
Public Limited Liability Company (BE) |
|
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2013 |
|
|
Activity code |
46761 |
Liable for VAT |
yes |
|
|
Activity description |
Wholesale of diamonds and other precious stones |
VAT Number |
BE.0407.183.729 |
|
|
Belgian Bullettin of Acts
Publications |
moniteur belge |
|
|
|
|
Contractor details |
||||
|
Registered contractor
number |
- |
|
|
|
|
Contractor description |
- |
|
|
|
|
Date struck off register |
||||
|
Social Balance Sheet |
Total |
|
|
During the reporting year |
|
|
|
ended 31-12-2013 |
|
|
|
Full-time Employees |
8 |
|
|
Part-time Employees |
4 |
|
|
Total Fte Employees |
10 |
|
|
|
||
|
Number of hours worked |
||
|
Full-time Employees |
13,305 |
|
|
Part-time Employees |
3,157 |
|
|
Total |
16,462 |
|
|
|
||
|
Personnel Charges |
||
|
Full-time Employees |
402,501 |
|
|
Part-time Employees |
73,462 |
|
|
Total |
475,962 |
|
|
Benefits In Addition To Wages |
-- |
|
|
|
||
|
During the previous
reporting year |
||
|
Average number employees
in Fte |
9 |
|
|
Actual working hours |
14,672 |
|
|
Personnel Charges |
424,835 |
|
|
Benefits In Addition To Wage |
-- |
|
|
Type
of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited
Duration Contracts |
8 |
4 |
10 |
|
Limited
Duration Contracts |
- |
- |
- |
|
Contracts
For Specific Work |
- |
- |
- |
|
Contracts
Regarding Substitution |
- |
- |
- |
|
Gender
and Education Level |
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary
education |
4 |
2 |
5 |
|
Secondary
education |
- |
- |
- |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary
education |
4 |
2 |
5 |
|
Secondary education |
- |
- |
- |
|
Higher education (non
university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
8 |
2 |
9 |
|
Blue
collar worker |
- |
2 |
1 |
|
Other |
- |
- |
- |
|
|
|
|
|
|
New
staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
New
Starters |
1 |
- |
1 |
|
Leavers |
-- |
- |
-- |
JIC Code 218
Description Additional
national joint committee for the employees
Category
JIC Code 324
Description Joint committee
for the industry and the trade in diamant
Category
Event Date 29/12/2011
Event Description
Event Details De buitengewone
algemene vergadering heeft besloten de 800 bestaande aandelen aan toonder te
vernietigen en om te zetten in aandelen op naam.
Profit & loss
|
Annual accounts |
31-03-2013 |
% |
31-03-2012 |
% |
31-03-2011 |
Industry average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
357992488 |
19.91 |
298549394 |
28.87 |
231670185 |
46549701 |
669 |
|
Total operating expenses |
356866484 |
2012 |
297081496 |
28.93 |
230414650 |
46085236 |
674 |
|
Operating result |
1126004 |
-23.29 |
1467898 |
16.91 |
1255535 |
161072 |
599 |
|
Total financial income |
82737 |
71.25 |
48313 |
-28.12 |
67215 |
81153 |
1.95 |
|
Total financial expenses |
838010 |
-35.59 |
1301139 |
4.70 |
1242759 |
177705 |
371 |
|
Results on ordinary operations
before taxation |
370731 |
72.37 |
215072 |
168 |
79991 |
56057 |
561 |
|
Taxation |
134052 |
-39.17 |
220377 |
611 |
30994 |
22605 |
493 |
|
Results on ordinary operations
after taxation |
236679 |
4461 |
-5305 |
-110 |
48996 |
39282 |
502 |
|
Extraordinary items |
15700 |
-79.60 |
76962 |
356 |
16844 |
1853 |
747 |
|
Other appropriations |
2932.14 |
0 |
2932.14 |
0 |
2932.14 |
- |
-- |
|
Net result |
255311 |
242 |
74589 |
8.46 |
68772 |
41157 |
520 |
|
OTHER INFORMATION |
|
|
|
|
|
|
|
|
Gross Operating Margin |
- |
- |
- |
- |
- |
43685 |
- |
|
Dividends |
- |
- |
- |
- |
- |
216234 |
- |
|
Director remuneration |
288000 |
0 |
288000 |
2.71 |
280413 |
153348 |
87.81 |
|
Employee costs |
475962 |
12.03 |
424835 |
-14.66 |
497790 |
188344 |
152 |
|
Wages and salary |
364141 |
14.34 |
318.471 |
-14.93 |
374352 |
162950 |
123 |
|
Employee pension costs |
- |
- |
- |
- |
- |
1380 |
- |
|
Social security contributions |
90525 |
2.72 |
88131 |
-16.21 |
105185 |
41560 |
117 |
|
Other employee costs |
21296 |
16.79 |
18234 |
-0.11 |
18253 |
4234 |
402 |
|
Amortization and depreciation |
236297 |
22.55 |
192812 |
13.41 |
170012 |
20724 |
1040 |
|
Annual accounts |
31-03-2013 |
|
31-03-2012 |
% |
31-03-2011 |
Industry average 2013 |
% |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
|
Intangible fixed assets |
177 |
- |
411 |
- |
3,180 |
1,903 |
-90.72 |
|
|
Tangible fixed assets |
1,630,717 |
2.80 |
1,586,273 |
5.14 |
1,508,785 |
197,405 |
726 |
|
|
Land & building |
1,051,607 |
-8.58 |
1,150,324 |
-10.01 |
1,278,298 |
378,904 |
177 |
|
|
Plant & machinery |
447,922 |
42.83 |
313,600 |
175 |
113,940 |
36,404 |
1130 |
|
|
Furniture & Vehicles |
131,188 |
7.22 |
122,348 |
4.98 |
116,548 |
16,417
4,481 |
699 |
|
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
34,673
19,705 |
- |
|
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
15,310 |
-100 |
|
|
Financial fixed assets |
101,271 |
-0.66 |
101,941 |
-0.10 |
102,046 |
47,384 |
113 |
|
|
Total fixed assets |
1,732,165 |
2.58 |
1,688,625 |
4.62 |
1,614,011 |
216,189 |
701 |
|
|
Inventories |
26,973,410 |
-28.74 |
37,849,981 |
44.69 |
26,159,032 |
2,809,569 |
860 |
|
|
Raw materials & consumables |
- |
- |
- |
- |
- |
113,995 |
- |
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,566 |
-100 |
|
|
Finished goods |
26,973,410 |
-28.74 |
37,849,981 |
44.69 |
26,159,032 |
1,817,454 |
1384 |
|
|
Other stocks |
0 |
- |
0 |
- |
0 |
503,921 |
-100 |
|
|
Trade debtors |
46,075,870 |
-36.21 |
72,226,480 |
31.16 |
55,067,763 |
4,352,104 |
958 |
|
|
Cash |
1,466,297 |
29.27 |
1,134,330 |
-28.28 |
1,581,637 |
1,044,277,276 |
-99 |
|
|
other amounts receivable |
807,451 |
19.52 |
675,566 |
-34.43 |
1,030,359 |
171,163 |
371 |
|
|
Miscellaneous current assets |
75,814 |
1.65 |
74,583 |
-6.64 |
79,886 |
-1,026,260,938 |
0.01 |
|
|
Total current assets |
75,398,841 |
-32.66 |
111,960,940 |
33.42 |
83,918,677
' |
7,078,078 |
965 |
|
|
Total Assets |
77,131,006 |
-32.13 |
113,649,565 |
32.87 |
85,532,688 |
7,283,585
1,205,103 |
958 |
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
Trade creditors |
35,340,158 |
-46.79 |
66,416,227 |
79.98 |
36,901,875 |
2,792,436 |
1165 |
|
|
Short term group loans |
- |
- |
- |
- |
- |
- |
- |
|
|
Financial debts |
21,686,594 |
-18.63 |
26,651,094 |
-4.10 |
27,790,490 |
4,043,109
128,367 |
436 |
|
|
Current portion of long term debt |
519,585 |
2.39 |
507,454 |
4.82 |
484,101 |
91,209
14,557 |
469 |
|
|
Amounts Payable for Taxes, Remuneration &
Social Security |
146,156 |
-33.15 |
218,627 |
250 |
62,320 |
7,827
- |
301 |
|
|
Miscellaneous current liabilities |
376,551 |
-13.92 |
437,446 |
1.61 |
430,497 |
4.56 |
- |
|
|
Total current liabilities |
58,069,044 |
-38.38 |
94,230,849 |
43.49 |
65,669,283 |
5,036,968 |
1052 |
|
|
Long term Debts & Liabilities |
|
|
|
|
|
|
||
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
|
|
Other long term loans |
1,530,733 |
-25.38 |
2,051,281 |
-18.83 |
2,527,297 |
1.22 |
- |
|
|
Deffered taxes |
69,470 |
-4.05 |
72,402 |
-3.89 |
75,334 |
47,059
41,554 |
47.62 |
|
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
6,5880 |
-100 |
|
|
Other long term liabilities |
1,957,799 |
-4.33 |
2,046,385 |
-1.93 |
2,086,715 |
100,362 |
1850 |
|
|
Total long term debts |
3,558,001 |
-14.68 |
4,170,067 |
-11.07 |
4,689,345 |
666,932 |
433 |
|
|
Shareholders Equity |
|
|
|
|
|
|
|
|
|
Issued share capital |
2,150,476 |
0 |
2,150,476 |
0 |
2,150,476 |
952,290 |
125 |
|
|
Share premium account |
- |
- |
- |
- |
- |
146,653 |
- |
|
|
Reserves |
13,353,484 |
1.95 |
13,098,173 |
0.57 |
13,023,584 |
575,445 |
2220 |
|
|
Revaluation reserve |
- |
- |
- |
- |
- |
1,212,191 |
- |
|
|
Total shareholders equity |
15,503,961 |
1.67 |
15,248,649 |
0.49 |
15,174,060 |
1,561,963 |
892 |
|
|
Working capital |
17,329,797 |
-2.26 |
17,730,091 |
-2.85 |
18,249,394 |
2,041,110 |
749 |
|
|
Cashflow |
491,608 |
83.85 |
267,401 |
11.98 |
238,784 |
58,401 |
741 |
|
|
Net worth |
15,503,784 |
1.68 |
15,248,238 |
0.51 |
15,170,880 |
1,560,060 |
893 |
|
|
Annual accounts |
31-03-2013 |
change(%) |
31-03-2012 |
change(%) |
31-03-2011 |
Industry average 2013 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit Before Tax |
0.10 |
42.86 |
0.07 |
133 |
0.03 |
2,00 |
-95.00 |
|
Return on capital employed |
1.94 |
74.77 |
1.11 |
177 |
0.40 |
6,00 |
-67.67 |
|
Return on total assets employed |
0.48 |
152 |
0.19 |
111 |
0.09 |
-3,00 |
16.00 |
|
Return on net assets employed |
2.39 |
69.50 |
1.41 |
166 |
0.53 |
0,00 |
- |
|
Sales / net working capital |
20.66 |
22.68 |
16.84 |
32.70 |
12.69 |
260,00 |
-99 |
|
Stock turnover ratio |
7.53 |
-40.62 |
12.68 |
12.31 |
11.29 |
54,00 |
-86.06 |
|
Debtor days |
46.98 |
-46.80 |
88.30 |
1.78 |
86.76 |
192,00 |
-75.53 |
|
Creditor days |
36.15 |
-55.70 |
81.60 |
39.58 |
58.46 |
137,00 |
-73.61 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
Current ratio |
1.30 |
9.24 |
1.19 |
-7.03 |
1.28 |
4,00 |
-93.50 |
|
Liquidity ratio / acid ratio |
0.83 |
5.06 |
0.79 |
-10.23 |
0.88 |
3,00 |
-72.33 |
|
Current debt ratio |
3.75 |
-39.32 |
6.18 |
42.73 |
4.33 |
20,00 |
-81.25 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
153.10 |
-20.08 |
191.56 |
-5.63 |
202.99 |
297,00 |
-48.45 |
|
Equity in percentage |
20.10 |
49.78 |
13.42 |
-24.35 |
17.74 |
-128,00 |
15.70 |
|
Total debt ratio |
3.97 |
-38.45 |
6.45 |
39.01 |
4.64 |
21,00 |
-81.10 |
Activity code 46761
Activity description
Wholesale of
diamonds and other precious stones
Payment Information
Payment expectation days 36.15
Day sales outstanding 46.98
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
Industry average payment
expectation days 129.40
Industry average day sales
outstanding 131.66
Payment expectations
Company result 36.15
Lower 127.33
Median 76.94
Upper 45.68
Day sales outstanding
Company result 46.98
Lower 106.72
Median 55.41
Upper 26.45
Group - Number of
Companies 3
Linkages - Number
of Companies 0
Number of Countries 0
Company
name Number
Latest financials
ARSLANIAN FRÈRES
NV 407183729 31-12-2013
ARSLANIAN CUTTING
WORKS BVBA 417379023 31-12-2012
ARSLANIAN CUTTING WORKS INTERNATIONAL IN 473669905 31-12-2004
No minority
shareholders found
No minority interests found
Individual Shareholders
Shareholder Name
Forename Armen Middle name -
Surname Arslanian
Shareholder Details
Start date 12/05/1999(estimated) End date -
Percentage owned -
Shareholder Address
Street name Beekstraat House number 90
Minor town Koningshooikt Postal town Lier
Post code 2500 Country Belgium
Shareholder Name
Forename Chahe Middle name -
Surname Arslanian
Shareholder Details
Start date 12/05/1999(estimated) End date -
Percentage owned -
Shareholder Address
Street name Winston Churchilllaan House number 214
Minor town - Postal town Brussel
Post code 1180 Country Belgium
Shareholder Name
Forename Raffi Middle name -
Surname Arslanian
Shareholder Details
Start date 23/03/1999 End date -
Percentage owned -
Shareholder Address
Street name Beekstraat House number 90
Minor town Koningshooikt Postal town Lier
Post code 2500 Country Belgium
Shareholder Name
Forename Haik Middle name -
Surname Arslanian
Shareholder Details
Start date 12/05/1999(estimated) End date -
Percentage owned -
Shareholder Address
Street
name Della Faillelaan House number 79
Minor town - Postal town Antwerpen
Post code 2020 Country Belgium
Group
- Number of Companies 3
Linkages
- Number of Companies 0
Number of Countries 0
There is no data for this company
Name RAFFI
ARSLANIAN
Position
Chairman
of the Board
Start
Date 23/03/1999
Street
90
BEEKSTRAAT LIER
Post
code 2500
Country
Belgium
Name RAFFI
ARSLANIAN
Position
Director
Start
Date 23/03/1999
Street
90
BEEKSTRAAT LIER
Post
code 2500
Country
Belgium
Name RAFFI
ARSLANIAN
Position
Managing
Director
Start
Date 28/07/2010
End
Date 17/05/2016
Street
90
BEEKSTRAAT LIER
Post
code 2500
Country
Belgium
Name GAREN
ARSLANIAN
Position
Director
Start
Date 04/04/2005
Street
47
BORRENSSTRAAT BRUSSEL
Post
code 1050
Country
Belgium
Name GAREN
ARSLANIAN
Position
Managing
Director
Start
Date 28/07/2010
End
Date 17/05/2016
Street
47
BORRENSSTRAAT BRUSSEL
Post
code 1050
Country Belgium
Name ANELGA
ABADJIAN
Position
Director
Start
Date 28/07/2010
End
Date 17/05/2016
Street
90 BEEKSTRAAT LIER
Post
code 2500
Country
Belgium
Name CHACHE
ARSLANIAN
Position
Director
Start
Date 28/07/2010
End
Date 17/05/2016
Street
214
WINSTON CHURCHILLLAAN BRUSSEL
Post
code 1180
Country Belgium
Name ARMEN
ARSLANIAN
Position
Director
Start
Date 02/05/2005
Street
90
BEEKSTRAAT LIER
Post
code 2500
Country Belgium
Name RAFFI
ARSLANIAN
Position
Principal
Manager
Start
Date 18/05/1997
End
Date 23/03/1999
Street
90 BEEKSTRAAT LIER
Post
code 2500
Country
Belgium
Name ANELGA
LIER
Position
Director
Start
Date 19/12/2001
End
Date Unknown
date
Street
90
BEEKSTRAAT LIER
Post
code 2500
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.24 |
|
|
1 |
Rs. 103.01 |
|
Euro |
1 |
Rs. 81.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
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.