|
Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
PREMIATA TINTAS E VERNIZES GRÁFICOS LTDA |
|
|
|
|
Registered Office : |
Alameda Caiapos, 383 – Tambore 06460-110 - Barueri/SP |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
28.02.2000 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Graphical Inks. |
|
|
|
|
No. of Employees : |
120 Employee |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BRAZIL - ECONOMIC OVERVIEW
Characterized by large and
well-developed agricultural, mining, manufacturing, and service sectors, and a rapidly
expanding middle class, Brazil's economy outweighs that of all other South
American countries, and Brazil is expanding its presence in world markets.
Since 2003, Brazil has steadily improved its macroeconomic stability, building
up foreign reserves, and reducing its debt profile by shifting its debt burden
toward real denominated and domestically held instruments. In 2008, Brazil
became a net external creditor and two ratings agencies awarded investment
grade status to its debt. After strong growth in 2007 and 2008, the onset of
the global financial crisis hit Brazil in 2008. Brazil experienced two quarters
of recession, as global demand for Brazil's commodity-based exports dwindled
and external credit dried up. However, Brazil was one of the first emerging
markets to begin a recovery. In 2010, consumer and investor confidence revived
and GDP growth reached 7.5%, the highest growth rate in the past 25 years.
Rising inflation led the authorities to take measures to cool the economy;
these actions and the deteriorating international economic situation slowed
growth in 2011-13. Unemployment is at historic lows and Brazil's traditionally
high level of income inequality has declined for each of the last 14 years.
Brazil's historically high interest rates have made it an attractive
destination for foreign investors. Large capital inflows over the past several
years have contributed to the appreciation of the currency, hurting the
competitiveness of Brazilian manufacturing and leading the government to intervene
in foreign exchange markets and raise taxes on some foreign capital inflows.
President Dilma ROUSSEFF has retained the previous administration's commitment
to inflation targeting by the central bank, a floating exchange rate, and
fiscal restraint.
|
Source
: CIA |
PREMIATA
TINTAS E VERNIZES GRÁFICOS LTDA
|
MAIN
ADDRESS: |
ALAMEDA CAIAPOS,383 - TAMBORE |
|
ZIP CODE/CITY: |
06460-110 - BARUERI/SP |
|
|
|
|
PHONE: |
11 3611-1140 |
|
FAX: |
11 3611-1146 |
|
E-MAIL: |
diegues@premiata.com.br /
vendas@premiata.com.br |
|
WEB SITE: |
www.premiata.com.br |
|
BRANCHES: |
|
NOT AVAILABLE. |
|
MAIN
ACTIVITIES: |
|
MANUFACTURE OF GRAPHICAL INKS |
|
LEGAL
FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
28/02/2000 |
|
REGISTER DATE: |
28/02/2000 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
03.687.143/0001-01 |
|
STATE REGISTER: |
206.171.796.111 |
|
|
|
|
SHARE CAPITAL: |
R$ 231.192,00 |
|
LAST REGISTER OF CAPITAL: |
04/11/2014 |
|
BOARD
OF DIRECTORS: |
|
|
|
|
|
CLÁUDIO ALMEIDA RODRIGUES |
MANAGING PARTNER |
|
SANDRO GARBIM |
MANAGING PARTNER |
|
FRANCISCO SILVINO DIEGUES |
MANAGING PARTNER |
|
EDSON ZANETTI SKRZECZKOWSKI |
MANAGING PARTNER |
|
JOSÉ ANTONIO AZEVEDO AFONSO |
MANAGING PARTNER |
|
CARLOS ALBERTO QUINTAS SERRADURA |
MANAGING PARTNER |
|
THE MANAGING PARTNERS ARE AUTHORIZED TO
SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS
/ PARTNERS: |
|
|
|
|
|
CLÁUDIO ALMEIDA RODRIGUES |
R$ 38.532,00 |
|
SANDRO GARBIM |
R$ 38.532,00 |
|
FRANCISCO SILVINO DIEGUES |
R$ 38.532,00 |
|
EDSON ZANETTI SKZECZKOWSKI |
R$ 38.532,00 |
|
JOSÉ ANTÔNIO AZEVEDO AFONSO |
R$ 38.532,00 |
|
CARLOS ALBERTO QUINTAS SERRADURA |
R$ 38.532,00 |
|
AFFILIATES
/ SUBSIDIARIES |
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE
SUBJECT AND/OR DIRECTORS HAS THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
|
|
|
PREMIATA INDUSTRIAL DE TINTAS LTDA |
|
|
PREMIATA ESPECIALIDADES QUIMICAS LTDA |
|
|
THE SUBJECT WAS ESTABLISHED ON FEBRUARY
28, 2000 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS
STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. TRADE NAME: PREMIATA. BUSINESS ADDRESS HAS CHANGED FROM (RUA ADO
BENATTI 20, SAO PAULO/SP) TO THE PRESENT REGISTERED ONE. PARTNERS: CLÁUDIO ALMEIDA RODRIGUES: BRAZILIAN,
HOLDER OF DOCUMENTS CPF 106.883.418-88, RG 20.496.765 SP, RESIDENTIAL ADDRESS
AT RUA JORGE AMERICAO 243, APT0 172, CEP 05083-130, SÃO PAULO/SP; SANDRO GARBIM: BRAZILIAN, HOLDER OF
DOCUMENTS CPF 136.853.008-73, RG 18.192.317-8 SP, RESIDENTIAL ADDRESS AT RUA
PROFESSOR ANTONIO DE PAULA DOS SANTOS, 92, CHÁCARA INGLESA, CEP 05140-120,
SÃO PAULO/SP; FRANCISCO SILVINO DIEGUES: BRAZILIAN,
HOLDER OF DOCUMENTS CPF 042.919.057-34, RG 018795567, RESIDENTIAL ADDRESS AT
ALAMEDA DOS ARAPANES, 631, APTO. 142, MOEMA, CEP 04524-001, SÃO PAULO/SP; EDSON ZANETTI SKZECZKOWSKI: BRAZILIAN,
HOLDER OF DOCUMENTS CPF 087.494.378-79, RG 171948634 SP, RESIDENTIAL ADDRESS
AT ALAMEDA DOS MOGNOS, 165, CONDOMINIO ALPES DE VINHEDO, CEP 13280-000,
VINHEDO/SP; JOSÉ ANTÔNIO AZEVEDO AFONSO: BRAZILIAN,
HOLDER OF DOCUMENTS CPF 056.481.028-28, RG 13263420-X SP, RESIDENTIAL ADDRESS
AT AVENIDA WASHINGTON LUÍS, 1277, BL. A, APTO. 52, CAMPO GRANDE, CEP
04662-002, SÃO PAULO/SP; CARLOS ALBERTO QUINTAS SERRADURA:
BRAZILIAN, HOLDER OF DOCUMENTS CPF 013.078.368-44, RG 9.396.216-2 SP,
RESIDENTIAL ADDRESS AT RUA LUIZ ARNONI, 262, VILA IRMÃOS ARNONI, CEP
02375-110, SÃO PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
|
GENERAL
BALANCE SHEETS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES
ARE IN REAIS ). |
|
ASSETS
|
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
168.471,03 |
164.781,36 |
408.498,68 |
|
CLIENTS |
14.128.142,91 |
13.585.149,07 |
3.452.105,45 |
|
BANKS |
152.020,22 |
15.580,98 |
|
|
GRANTED LOANS |
5.407.367,16 |
6.232.480,32 |
|
|
ADVANCES |
825.113,15 |
1.483.283,44 |
|
|
INVENTORY |
3.805.458,86 |
3.103.021,40 |
3.170.689,29 |
|
RECOVERABLE TAXES |
719.008,98 |
|
2.028.017,31 |
|
ADVANCE TO SUPPLIERS |
1.213.941,05 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
26.419.523,36 |
24.584.296,57 |
9.059.310,73 |
|
FIXED
ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
3.442.822,02 |
3.655.682,09 |
2.558.480,30 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
3.442.822,02 |
3.655.682,09 |
2.558.480,30 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
29.862.345,38 |
28.239.978,66 |
11.617.791,03 |
|
LIABILITIES: |
|
|
|
|
CURRENT:
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
SUPPLIERS |
8.372.226,08 |
4.886.357,57 |
510.899,03 |
|
TRIBUTARY OBLIGATIONS |
643.698,73 |
552.684,86 |
664.233,86 |
|
LABOR OBLIGATIONS |
209.883,42 |
150.073,19 |
116.982,29 |
|
SOCIAL OBLIGATIONS |
|
|
123.684,06 |
|
PROFIT SHARING |
|
|
340.000,00 |
|
OTHER |
|
|
29.572,70 |
|
LOANS AND FINANCING |
1.565.632,88 |
7.243,53 |
133.333,36 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
10.791.441,11 |
5.596.359,15 |
1.918.705,30 |
|
NET
EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
150.000,00 |
150.000,00 |
150.000,00 |
|
ACCRUED PROFIT (LOSS) |
11.138.047,96 |
8.659.085,73 |
3.859.126,94 |
|
ADJUSTMENTS |
6.295.366,41 |
11.355.571,53 |
|
|
PROFIT (LOSS) OF PERIOD |
1.487.489,89 |
2.478.962,25 |
4.799.958,79 |
|
CAPITAL RESERVES |
|
|
890.000,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
19.070.904,26 |
22.643.619,51 |
9.699.085,73 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
29.862.345,37 |
28.239.978,66 |
11.617.791,03 |
|
PROFIT
AND LOSS ACCOUNTS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010. |
|
(
FIGURES ARE IN REAIS ). |
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
GROSS SALES |
33.888.663,81 |
33.536.123,38 |
35.877.545,98 |
|
(-) TAXES ON SALES |
6.897.583,66 |
6.317.621,78 |
6.722.118,67 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
26.991.080,15 |
27.218.501,60 |
29.155.427,31 |
|
(-) COST OF SOLD GOODS |
17.224.785,34 |
15.091.255,52 |
12.412.335,11 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
9.766.294,81 |
12.127.246,08 |
16.743.092,20 |
|
OPERATING REVENUE (EXPENSE) |
-8.084.012,84 |
-8.484.711,12 |
-7.773.728,14 |
|
FINANCIAL REVENUE(EXPENSE) |
-1.145.783,33 |
-127.630,41 |
-81.525,52 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
536.498,64 |
3.514.904,55 |
8.887.838,54 |
|
CONTRIBUTION/INCOME TAX |
950.991,25 |
-1.035.942,30 |
-1.087.879,75 |
|
PROFIT SHARING |
|
|
-3.000.000,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
1.487.489,89 |
2.478.962,25 |
4.799.958,79 |
|
RATIOS: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
QUICK RATIO |
2,10 |
|
3,84 |
|
3,07 |
|
|
CURRENT RATIO |
2,45 |
|
4,39 |
|
4,72 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
1,91 |
TIMES |
2,00 |
TIMES |
8,45 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
188,44 |
DAYS |
179,68 |
DAYS |
42,63 |
DAYS |
|
INVENTORY TURNOVER |
4,53 |
TIMES |
4,86 |
TIMES |
3,91 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
174,98 |
DAYS |
116,56 |
DAYS |
14,82 |
DAYS |
|
RETURN ON ASSETS |
,90 |
TIMES |
,96 |
TIMES |
2,51 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,42 |
TIMES |
1,20 |
TIMES |
3,01 |
TIMES |
|
NET WORTH TIE-UP |
,18 |
|
,16 |
|
,26 |
|
|
INDEBTEDNESS |
,57 |
|
,25 |
|
,20 |
|
|
EQUITY RATIO |
63,86 |
% |
80,18 |
% |
83,48 |
% |
|
WORKING CAPITAL RATIO |
144,82 |
% |
339,29 |
% |
372,16 |
% |
|
GENERAL SOLVENCY |
2,77 |
|
5,05 |
|
6,06 |
|
|
RETURN ON NET EQUITY |
7,80 |
% |
10,95 |
% |
49,49 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
5,51 |
% |
9,11 |
% |
16,46 |
% |
|
GROSS PROFIT MARGIN |
36,18 |
% |
44,56 |
% |
57,43 |
% |
|
OPERATIONAL RESULT |
1,99 |
% |
12,91 |
% |
30,48 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,50 |
TIMES |
4,86 |
TIMES |
15,20 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE
RATE: |
|
|
US$ 1,00 = R$ 2,56 |
-
OFFICIAL RATE ON 03/12/2014 |
|
US$ 1,00 = R$ 2,10 |
-
OFFICIAL RATE ON 31/12/2012 |
|
US$ 1,00 = R$ 2,10 |
-
OFFICIAL RATE ON 31/12/2011 |
|
US$ 1,00 = R$ 2,03 |
-
OFFICIAL RATE ON 31/12/2010 |
|
COMMENTS
ON THE FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN
FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A GOOD
FINANCIAL STANDING. IT HAS HIGH LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL,
AS WELL AS LOW LEVEL OF INDEBTEDNESS. IN ADDITION IT SHOWS SALES RECOVER AND
MADE PROFIT. |
|
REAL
ESTATE: |
NOT
AVAILABLE
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 373.040,01
|
MACHINES: |
OWNED
MACHINES AND EQUIPMENTS ARE VALUED AT R$ 2.082.609,68
|
NOT AVAILABLE. |
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO BRASIL S/A |
11 3858-3444 |
SÃO PAULO/SP |
|
BANCO ITAU S/A |
6485
/ 11 3003-8844 |
|
|
BANCO DO BRASIL S/A |
3320-0
/ 11 3871-8473 |
|
|
REMARKS: IN BRAZIL THE BANKS ARE
PROHIBITED BY LAW TO PROVIDE INFORMATION OR ANY KIND OF COMMENTS ABOUT THEIR
CLIENTS. DUE TO THIS LAW PROHIBITION WE ARE UNABLE TO PROVIDE ANY BANKING
DETAILS. ACCORDING TO THE CENTRAL BANK OF BRAZIL
OFFICIAL REPORT, THE COMPANY HAS NO RETURNED CHECKS UP TO DATE. (IN THE TERMS
OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK"). DATE RESEARCHED
DECEMBER 03, 2014. |
|
MANUFACTURE OF GRAPHICAL INKS. MAIN PRODUCTS: INKS, VARNISHES AND AUXILIARY PRODUCTS FOR
GRAPHICAL INDUSTRY. |
|
IMPORT
AND EXPORT: |
IMPORTS FROM:
|
CHINA, INDIA, ARGENTINA, UNITED STATES AND
GERMANY. |
EXPORTS TO:
|
ARGENTINA, CHILE AND URUGUAY. |
|
MAIN
CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
BRASILATA EMBALAGENS METÁLICAS |
|
51 3712-1722 |
|
CIA METALÚRGICA PRADA |
|
11
5682-1100 |
|
GRÁFICA EDIT. AQUARELA S/A |
|
11 4166-9500 |
|
INCOFLANDRES |
|
24 2102-9500 |
|
LABORGRAF ARTES GRÁFICAS LTDA |
|
11 38264711 |
|
MAKRO KOLOR GRAF. EDITORA LTDA |
|
11
5683-8400 |
|
METALGRÁFICA CEARENSE S/A |
|
85 3288-2250 |
|
METALGRÁFICA MOCOCA S/A |
|
19 3656-9315 |
|
NOVELPRINT SIST. EMBALAGEM |
|
11 3768-4111 |
|
PANCRON INDÚSTRIA GRÁFICA LTDA |
|
11 6640-6800 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 120 EMPLOYEE(S) |
|
THE SUBJECT IS A RELATIVELY
NEW-ESTABLISHED COMPANY, OPERATING SINCE 2000 ONLY. THE TRADE HISTORY SO FAR
IS CLEAR AND THE COMPANY HAS A PROMPT PAYMENT RECORD. THE COMPANY HAS TRADE RELATIONS WITH SOME
LOCAL SUPPLIERS BUT UP TO DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE
SUBJECT IS NOT SAID TO BE USER OF TRADE CREDIT FACILITIES. |
|
MAIN
SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
ART PINNUS RESINEIRA |
|
15 3524-3034 |
|
BASF S/A |
|
11 3043-2055 |
|
BRASCHEMICAL REPRESENTAÇÕES |
|
11 5585-3671 |
|
CIBA ESPECIALIDADES QUÍMICAS |
|
11 5532-7425 |
|
CLARIANT S/A |
|
11 5683-7233 |
|
CYTEC ESPECIALIDADES QUÍMICAS |
|
11 3048-8000 |
|
ESPECIALIDADES PARA SUPERFÍCES |
|
11 3038-0800 |
|
IQ SOLUÇÕES & QUÍMICAS |
|
11
2195-9000 |
|
PLÁSTICOS PASQUALI |
|
49
3224-3554 |
|
QUIMINUTRI COMÉRCIO DE ESPECIALIDADES
QUÍMICAS |
|
11 3578-9010 |
|
REICHHOLD DO BRASIL |
|
11 4795-800 |
|
TRUE COLOR PIGMENTOS E CORANTES |
|
11 2119-1299 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
AGI CORPORATION |
TAIWAN |
|
|
AKZO NOBEL |
ARGENTINA |
|
|
MICRO INKS |
INDIA |
|
|
PAYMENT
HISTORY: |
|
7 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 19.137,00 |
|
|
|
AMOUNT OF INVOICES PAID: 32 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 3.152,00 |
|
HIGHEST CREDIT: R$ 3.152,00 |
|
BASED ON THE OVERALL INFORMATION AVAILABLE
IT IS BELIEVED THAT GOOD TRADE RELATIONS MAY BE ESTABLISHED. CREDIT
FACILITIES MAY BE EXTENDED WITHIN TERMS AND AMOUNTS ADEQUATE TO THE COMPANY'S
SIZE AND FINANCIAL STRENGTH. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.88 |
|
|
1 |
Rs.97.02 |
|
Euro |
1 |
Rs.76.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
-- |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.