MIRA INFORM REPORT

 

 

Report Date :

13.12.2014

 

IDENTIFICATION DETAILS

 

Name :

YERUSHALMI BROS. DIAMONDS (H.K.) LIMITED

 

 

Registered Office :

5th Floor, World Trust Tower, 50 Stanley Street, Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

19.11.1997

 

 

Com. Reg. No.:

630202

 

 

Legal Form :

Private Limited Liability Company

 

 

LINE OF BUSINESS :

TRADING OF DIAMONDS.

 

 

No of Employees :

About 20 Employees (Company)

About 400 Employees (Group)

 

 

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 :

--

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Hong Kong

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

HONG KONG - ECONOMIC OVERVIEW

 

Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. Hong Kong has no tariffs on imported goods, and it levies excise duties on only four commodities, whether imported or produced locally: hard alcohol, tobacco, hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws. Hong Kong's open economy left it exposed to the global economic slowdown that began in 2008. Although increasing integration with China, through trade, tourism, and financial links, helped it to make an initial recovery more quickly than many observers anticipated, its continued reliance on foreign trade and investment leaves it vulnerable to renewed global financial market volatility or a slowdown in the global economy. The Hong Kong government is promoting the Special Administrative Region (SAR) as the site for Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts; RMB-denominated corporate and Chinese government bonds have been issued in Hong Kong; and RMB trade settlement is allowed. The territory far exceeded the RMB conversion quota set by Beijing for trade settlements in 2010 due to the growth of earnings from exports to the mainland. RMB deposits grew to roughly 12% of total system deposits in Hong Kong by the end of 2013. The government is pursuing efforts to introduce additional use of RMB in Hong Kong financial markets and is seeking to expand the RMB quota. The mainland has long been Hong Kong's largest trading partner, accounting for about half of Hong Kong's total trade by value. Hong Kong's natural resources are limited, and food and raw materials must be imported. As a result of China's easing of travel restrictions, the number of mainland tourists to the territory has surged from 4.5 million in 2001 to 34.9 million in 2012, outnumbering visitors from all other countries combined. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2012 mainland Chinese companies constituted about 46.6% of the firms listed on the Hong Kong Stock Exchange and accounted for about 57.4% of the Exchange's market capitalization. During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly. Credit expansion and tight housing supply conditions have caused Hong Kong property prices to rise rapidly; consumer prices increased by more than 4% in 2013. Lower and middle income segments of the population are increasingly unable to afford adequate housing. Hong Kong continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983. In 2013, Hong Kong and China signed new agreements under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from January 2014, cover services and trade facilitation, and will improve access to the mainland's service sector for Hong Kong-based companies.

 

Source : CIA

Contact Points

 

Company Name:

YERUSHALMI BROS. DIAMONDS (H.K.) LIMITED

Supplied Name:

YERUSHALMI BROS DIAMONDS (HK) LTD

Trading Address:

5th Floor, World Trust Tower, 50 Stanley Street, Central, Hong Kong

Supplied Address:

5th Floor World Trust Tower 50 Stanley Street Central

Note: The exact name and address are as above.

 

 

Company Identification Details

 

Registered Name:

Yerushalmi Bros. Diamonds (H.K.) Limited

Registered Address:

5th Floor, World Trust Tower, 50 Stanley Street, Central, Hong Kong

Telephone Number:

+852-2850-4844

Fax Number:

+852-2850-7484

E-mail:

info@yerushalmi.com.hk / h.k@yerushalmi.com

Date of Registration:

1997-11-19

Registered Number:

630202

Business Registration No.:

21386825

Registered Capital:

HKD 10,000 (USD 1,290)

(As of 2014.12, 1 HKD = 0.129 USD)

Paid-up Capital:

HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD 1

Legal Form:

Private Limited Liability Company

SITC Code:

66729--Diamonds, non-industrial, otherwise worked, but not mounted or set (cm)

Principal Activities:

Trading of diamonds, etc

Staff:

About 20 Employees (Company)

About 400 Employees (Group)

Listed at Stock Exchange:

No

Date of Last Annual Return:

2013-11-19

 

 

History

 

Subject was incorporated on 1997-11-19 with the registered number 630202 as Private Limited Liability Company in Hong Kong.

 

 

Corporate Structure

 

Major Related Companies

1

Name:

Yerushalmi Bros. Diamonds Ltd

Address:

21 Tuval St. Suite 19-71, Yahalom Bldg., Diamond Exchange Ramat-Gan, 52520, Israel

Tel:

+972-3-575-0151

Fax:

+972-3-575-0152

2

Name:

Yerushalmi Brothers Diamonds USA Inc.

Address:

50 West 47th Street, Suite No. 1911 New York, NY 10036

Tel:

+1-212-754-2111

Fax:

+1-212-754-1777

3

Name:

Yerushalmi Bros Diamonds Botswana (Pty) Ltd

Address:

Plot No. 1135-1138, 1145-1148n Nkoyaphiri Industrial Site Mogoditshane. Gabane Gaborone, Botswana

Tel:

+122-67-7155-0524

 

 

Shareholder

 

Name

Subscription Shares

Proportion of Investment (%)

Yerushalmi Oved

10,000

100%

Total

10,000

100%

 

Major Shareholder Information:

Name:

Yerushalmi Oved

Address:

32 Hagalim St., Raanana, Israel

 

 

Management Information

 

Core Management

 

Detailed Information of Directors:

1

Name:

Yerushalmi Oved

Address:

32 Hagalim St., Raanana, Israel

Position:

Director

Passport Number:

14009792

Issuing Country:

Israel

2

Name:

Cohen Jakov

Address:

No.4 Yanush Korchak, Raanana, Israel

Position:

Reserve Director

Passport Number:

14455848

Issuing Country:

Israel

3

Name:

Yerushalmy Danny

Address:

18 Shpinoze Street, Raanana, Israel

Position:

Director

Passport Number:

10903777

Issuing Country:

Israel

4

Name:

Gamon Corporate Services Limited

Address:

19/F., No.3, Lockhart Road, Wanchai, Hong Kong

Position:

Corporate Secretary

Registered Number:

286745

 

Personnel Structure

 

Total Employees

About 20 Employees (Company)

About 400 Employees (Group)

 

 

Operation Information

 

Offices & Factories

 

 

Office

Address:

5th Floor, World Trust Tower, No.50 Stanley Street Hong Kong

 

Premises Information

 

Office address:

Address:

5th Floor, World Trust Tower, No.50 Stanley Street Hong Kong

Owners:

Yerushalmi Bros. Diamonds (H.K.) Limited

Memorial Number:

08123001840017

Assignment

Date of Instrument:

2008-12-1

Date of Registration:

2008-12-30

Consideration Value:

HKD 22,378,200.00

 

History of Premises Owners’

 

1

Memorial No.:

08123001840029

Date of Instrument:

2008-12-1

Date of Registration:

2008-12-30

Nature:

Mortgage

In Favor of:

Hang Seng Bank Limited

Consideration:

All moneys

2

Memorial No.:

08063002540034

Date of Instrument:

2008-6-14

Date of Registration:

2008-6-30

Nature:

Agreement for sale and purchase

Remarks: See assignment mem. no. 08123001840017

In Favor of:

Yerushalmi Bros. Diamonds (HK) Limited

Consideration:

HKD 22,378,200.00

3

Memorial No.:

UB6593171

Date of Instrument:

1996-3-21

Date of Registration:

1996-4-29

Nature:

Agreement for sale and purchase

Remarks: See assignment mem. no.6597156

In Favor of:

WTC Holdings (Properties) Limited

Consideration:

HKD 46,000,000.00 (PT.)

Note: (PT.) means part of.

 

Production Information

 

Subject is a trader of diamonds, etc without any production activities.

It is introduced that subject has related companies in Israel, India and Botswana for production.

 

Purchase Information

 

Subject purchases products mainly from abroad such as India and Israel, etc.

 

Sales Information

 

Subject is engaged in sale all kinds of diamonds

Subject’s sales region focus on Asia market.

Subject’s major types of customers are jewellery manufacturers, retailers and individuals

 

Trademark

 

1

Trade Mark No.:

300880993

Status:

Registered

Mark:

 


image

Mark Type:

Ordinary

Series Mark:

Yes

Owner's Name, Address:

Yerushalmi Bros. Diamonds (H.K.) Limited
5th Floor, World Trust Tower, 50 Stanley Street, Central, Hong Kong

Owner's Address for Service:

Yerushalmi Bros. Diamonds (H.K.) Limited
5th Floor, World Trust Tower, 50 Stanley Street, Central, Hong Kong.

Class No.:

14

Specification:

Class 14
Diamonds, Jewellery, Precious Stones, Rings, Pendants, Earrings, Necklaces, Bracelets, Bangles, Brooches, Anklets and Watches; all included in class 14.

Date of Filing: (D-M-Y)

30-05-2007

Date of Publication of Application of Acceptance for Registration: (D-M-Y)

08-06-2007

Date of Registration: (D-M-Y)

30-05-2007

Actual Date of Registration: (D-M-Y)

21-09-2007

Expiry date: (D-M-Y)

29-05-2017

Historical Details:

 

Date of entry

Matters

21-09-2007

Registration

2

Trade Mark No.:

300868294

Status:

Registered

Mark:

AMOROSSO

image

Mark Type:

Ordinary

Series Mark:

Yes

Owner's Name, Address:

Yerushalmi Bros Diamonds (H.K.) Limited
5th Floor, World Trust Tower, 50 Stanley Street, Central, Hong Kong.

Owner's Address for Service:

Yerushalmi Bros Diamonds (H.K.) Limited
5th Floor, World Trust Tower, 50 Stanley Street, Central, Hong Kong.

Class No.:

14

Specification:

Class 14
Diamonds, Jewellery, Precious Stones, Rings, Pendants, Earnings, Necklaces, Bracelets, Bangles, Brooches, Anklets and Watches; all included in Class 14.

Date of Filing: (D-M-Y)

10-05-2007

Date of Publication of Application of Acceptance for Registration: (D-M-Y)

08-06-2007

Date of Registration: (D-M-Y)

10-05-2007

Actual Date of Registration: (D-M-Y)

21-09-2007

Expiry date: (D-M-Y)

09-05-2017

Historical Details:

 

Date of entry

Matters

21-09-2007

Registration

3

Trade Mark No.:

300518445

Status:

Registered

Mark:

Moran yerushalmi


image

Mark Type:

Ordinary

Mark Description:

The applicant claims the colour purple as an element of mark " B " in the series.

Series Mark:

Yes

Owner's Name, Address:

Yerushalmi Bros Diamonds (H.K.) Limited
5th Floor, World Trust Tower, 50 Stanley Street, Central, Hong Kong.

Owner's Address for Service:

Yerushalmi Bros Diamonds (H.K.) Limited
5th Floor, World Trust Tower, 50 Stanley Street, Central, Hong Kong.

Class No.:

14, 35

Specification:

Class 14
diamonds, jewellery, precious stones, rings, pendants, earrings, necklaces, bracelets, bangles, brooches, anklets and watches; all included in Class 14.

Class 35
wholesale and retail of diamonds, jewellery, precious stones, rings, pendants, earrings, necklaces, bracelets, bangles, brooches, anklets and watches; all included in Class 35.

Date of Filing: (D-M-Y)

27-10-2005

Date of Publication of Application of Acceptance for Registration: (D-M-Y)

10-02-2006

Date of Registration: (D-M-Y)

27-10-2005

Actual Date of Registration: (D-M-Y)

23-05-2006

Expiry date: (D-M-Y)

26-10-2015

Historical Details:

 

Date of entry

Matters

23-05-2006

Registration

4

Trade Mark No.:

300026900

Status:

Registered

Mark:

Amorosso

image

Mark Type:

Ordinary

Owner's Name, Address:

Yerushalmi Bros Diamonds (H.K.) Limited
5th Floor, World Trust Tower, 50 Stanley Street, Central, Hong Kong.

Owner's Address for Service:

Yerushalmi Bros Diamonds (H.K.) Limited
5th Floor, World Trust Tower, 50 Stanley Street, Central, Hong Kong.

Class No.:

14

Specification:

Class 14
diamonds and jewellery.

Date of Filing: (D-M-Y)

02-06-2003

Date of Publication of Application of Acceptance for Registration: (D-M-Y)

22-08-2003

Date of Registration: (D-M-Y)

02-06-2003

Actual Date of Registration: (D-M-Y)

10-12-2003

Expiry date: (D-M-Y)

01-06-2023

Historical Details:

 

Date of entry

Matters

10-12-2003

Registration

5

Trade Mark No.:

300014354

Status:

Registered

Mark:

爱盟


image

Mark Type:

Ordinary

Owner's Name, Address:

Yerushalmi Bros Diamonds (H.K.) Limited
5th Floor, World Trust Tower, 50 Stanley Street, Central, Hong Kong.

Owner's Address for Service:

Yerushalmi Bros Diamonds (H.K.) Limited
5th Floor, World Trust Tower, 50 Stanley Street, Central, Hong Kong.

Class No.:

14

Specification:

Class 14
diamonds and jewellery.

Date of Filing: (D-M-Y)

06-05-2003

Date of Publication of Application of Acceptance for Registration: (D-M-Y)

30-05-2003

Date of Registration: (D-M-Y)

06-05-2003

Actual Date of Registration: (D-M-Y)

09-10-2003

Expiry date: (D-M-Y)

05-05-2023

Historical Details:

 

Date of entry

Matters

09-10-2003

Registration

 

 

Settlements

 

Purchase

 

Domestic Purchase

 

Subject has little domestic purchase.

 

Import

Products

Diamonds

Payment Terms

Interior Settlement, T/T

 

Sales

 

Domestic Markets

Product

Diamonds

Selling Terms

Cash, T/T

 

Export

Product

Diamonds

Selling Terms

T/T

 

 

Financial Information

 

The subject has no obligation to supply its financial statement to the third party according to the relevant policy in Hong Kong and the only source from which we can obtain the information is the subject itself.

Subject’s relevant staff rejected to disclose the financial information; from other sources we could not obtain such information, either.

 

 

Bankers

 

1

Name:

Hang Seng Bank Limited

2

Name:

The Hongkong and Shanghai Banking Corporation Limited

 

Public

 

Civil Litigation

 

1

Date:

2008-06-06

Court Name:

District Court Civil Action

Court No.:

1873

Claimant:

Yerushalmi bros. Diamonds (HK) Ltd
DCCJ 1873/2008

Defendant:

Winson Trading & Development International Limited

c/o

Shop G, G/F, Lyton Building, No.34 Mody Road, Tsim Sha Tsui, Kln

Reason:

Leave to file defence out of time

2

Date:

2008-05-06

Court Name:

District Court Civil Action

Court No.:

1873

Claimant:

Yerushalmi Bros. Diamonds (HK) Ltd

c/o

5/F, World Trust Tower, 50 Stanley Street, Central, HK

c/o

Chong & Partners

(a firm)

Defendant:

Winson Trading & Development Int'l Ltd

c/o

(1) 14C, Wing Fat Mansion, 19-23 Austin Road, Tsim Sha Tsui, Kln

(2) Shop G, Lai Tung Mansion, 32-48 Mody Road, Tsim Sha Tsui, Kln

Reason:

Dishonored Cheque

Amount:

HKD 88,035.00

3

Date:

2007-06-08

Court Name:

District Court Civil Action

Court No.:

2477

Claimant:

Yerushalmi Bros. Diamonds (HK) Ltd

c/o

5/F, World Trust Tower, 50 Stanley Street, Central, HK

Defendant:

New Sense Trading Ltd (D1)

Golan Timor (D2)

c/o

19/F, 168 Queen's Road, Central, HK (D1)

Room 602, 6/F, Tung Ming Building, 40-42 Des Voeux Road, Central, HK (D1, D2)

Flat 21B, Tower 2, Robinson Place, 70 Robinson Road, HK (D2)

Reason:

Dishonored Cheque

Amount:

USD 72,939.96

4

Date:

2007-05-12

Court Name:

District Court Civil Action

Court No.:

2067

Claimant:

Yerushalmi Bros. Diamonds (HK) Ltd

c/o

5/F, World Trust Tower, No.50 Stanley Street, Central, HK

Defendant:

1) J & D Ltd

c/o

Room 1403, 14/F, Hua Qin Int'l Building,No.340 Queen's Road, Central, HK

2) Wong Wai Fong Polly

c/o

Suites 3712-15, Shell Tower, Times Square, Causeway Bay, HK

Reason:

Money Due

Amount:

USD 101,875.27

5

Date:

2006-08-11

Court Name:

District Court Civil Action

Court No.:

3947

Claimant:

Yerushalmi Bros. Diamonds (HK) Ltd

c/o

5/F, World Trust Tower, 50 Stanley Street, Central, HK

Defendant:

Y.C. Diamonds Corporation Ltd

fka

Virgin Diamonds Corporation Ltd

c/o

2/F, Block A1, Burlington House, 90-94 Nathan Road, Kln

Reason:

Good Sold & Delivered

Amount:

USD 61,361.00

 

Mortgage Record

 

1

Company Name:

Yerushalmi Bros. Diamonds (H.K.) Limited

Instrument of Creating Mortgage:

Mortgage

Date of Creating Mortgage:

2008-12-1

Amount Secured:

To secure “all moneys” in respect of general banking facilities and interest thereon.

Name of Mortgagee:

Hang Seng Bank Limited

Address of Mortgagee:

No.83 Des Voeux Road, Central, Hong Kong

Description of Property Mortgaged:

All those 338/9,999th parts or shares of and in the Remaining Portion of Inland Lot No.5091, Inland Lot No.5092, Inland Lot No.5093, Inland Lot No.5094, Inland Lot No.5095 and Inland Lot No.5096 (5th Floor, World Trust Tower, No.50 Stanley Street, Hong Kong)

2

Company Name:

Yerushalmi Bros. Diamonds (H.K.) Limited (the “Customer”)

Instrument of Creating Mortgage:

Security over deposits with the bank

Date of Creating Mortgage:

2008-7-28

Amount Secured:

To secure “all moneys” in respect of banking facilities owing at any time plus and interest and all expenses.

Name of Mortgagee:

The Hongkong and Shanghai Banking Corporation Limited

Address of Mortgagee:

No.1 Queen’s Road Central, Hong Kong

Description of Property Mortgaged:

Initially HKD 30,000. – and all monies whether now or hereafter standing to the credit of the Company’s deposit with the Bank under deposit number 400-548269-838 and whatever currency it may subsequently be denominated in, any renewal of such deposit & the interest thereon together with any further moneys in any deposit account with the Bank at any of its offices.

 

 

Special Note

 

Interview Details

Name

Operator

 

 

Industry Information

 

66729--Diamonds, non-industrial, otherwise worked, but not mounted or set (cm)

 

Unit: HKD/000

 

2014.05

2014.01~2014.05

 

Quantity

Value

Quantity

Value

Imports

United Arab Emirates

96,110

728,817

662,210

4,475,744

Armenia

--

--

461

1,049

Australia

1,756

23,658

3,733

54,816

Belgium

84,515

1,239,263

423,171

6,622,381

Canada

476

2,771

2,771

48,195

Switzerland

8,077

206,582

32,377

858,188

Germany

709

2,321

12,087

20,158

Britain

1,277

88,340

9,442

386,120

Israel

65,772

1,433,655

360,130

8,238,886

India

981,536

4,727,211

5,338,417

26,201,042

Malaysia

3,860

18,103

19,791

137,275

USA

129,016

1,115,405

703,068

6,169,441

The Mainland of China

114,204

798,063

516,495

3,689,202

Exports

United Arab Emirates

--

--

53

749

Israel

--

--

50

24,803

Japan

--

--

3

116

Singapore

--

--

17

208

Belgium

13

4,441

249

67,929

Thailand

--

--

251

732

USA

33

924

465

35,419

The Mainland of China

157

184

2,711

8,359

 

External Trade Information:

 

External Merchandise Trade Aggregate Figures

Unit: HKD/ Million

 

Imports

Domestic Exports

Re-exports

Total exports

Year-on-year % change of Total exports

Merchandise trade balance

2011

3,764,596

65,662

3,271,592

3,337,253

+10.1

-427,343

2012

3,912,163

58,830

3,375,516

3,434,346

+2.9

-477,817

2013

4,060,717

54,364

3,505,322

3,559,686

+3.6

-501,031

2013.03

340,857

5,073

286,638

291,711

+11.2

-49,146

2013.04

332,963

4,503

285,763

290,267

+9.0

-42,696

2013.05

335,809

4,818

286,724

291,542

-1.0

-44,267

2013.06

327,309

4,476

273,161

277,637

-0.2

-49,673

2013.07

342,565

4,783

300,630

305,413

+10.6

-37,152

2013.08

347,059

4,932

302,558

307,490

-1.3

-39,570

2013.09

359,841

4,395

313,436

317,830

+1.5

-42,010

2013.10

361,196

4,458

318,686

323,144

+8.8

-38,052

2013.11

370,104

4,587

320,935

325,522

+5.8

-44,581

2013.12

365,228

4,596

306,281

310,877

0.0

-54,351

2014.01

323,436

4,299

299,157

303,456

-0.4

-19,979

2014.02

266,587

3,276

209,638

212,914

-1.3

-53,673

2014.03

351,889

5,120

296,403

301,523

+3.4

-50,365

2014.04

340,972

4,867

280,816

285,682

-1.6

-55,290

2014.05

348,323

5,299

300,673

305,973

+4.9

-42,350

2014.06

352,316

4,802

304,409

309,211

+11.4

-43,105

 

*Total exports figures have been rounded to the nearest final digit after summing up the constituent trade figures.

 

 

Attachment

 

World Trust Tower, 50 Stanley Street, Central, Hong Kong

IMG_3

 

World Trust Tower, 50 Stanley Street, Central, Hong Kong

IMG_1

 

5th Floor, World Trust Tower, 50 Stanley Street, Central, Hong Kong

IMG_2

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.44

UK Pound

1

Rs.98.15

Euro

1

Rs.77.38

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TPT

 

 

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%)

 

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.