|
Report Date : |
15.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
MEDQUIMICA INDUSTRIA FARMACÊUTICA S A |
|
|
|
|
Registered Office : |
Rua Otacílio Esteves Da Silva, 40 - Granjas Betania |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
21.07.1975 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture of pharmaceutical products. |
|
|
|
|
No. of Employees : |
580 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Exists |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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,
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 to
2.7% in 2011, and 1.3% in 2012. 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. In an effort to boost growth, in 2012 the
administration implemented a somewhat more expansionary monetary policy that
has failed to stimulate much growth.
|
Source
: CIA |
MEDQUIMICA
INDUSTRIA FARMACÊUTICA S/A
|
MAIN ADDRESS: |
RUA OTACÍLIO ESTEVES DA SILVA, 40 - GRANJAS BETANIA |
|
ZIP CODE/CITY: |
36047-400 - JUIZ DE FORA/MG |
|
|
|
|
PHONE: |
32 3224-4000 |
|
FAX: |
32 3224-4000 |
|
E-MAIL: |
ger.financeiro@medquimica.com |
|
WEB SITE: |
www.medquimica.ind.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA FERNANDO LAMARCA,255 BLOCO C - DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
36092-030 JUIZ DE FORA/MG |
|
PHONE: |
32 2101-4000 |
|
FAX: |
32 2101-4000 |
|
CNPJ: |
178.751.540-00 |
|
|
|
|
ADDRESS: |
RUA OTACILIO ESTEVES DA SILVA,759 - GRANJAS BETÂNIA |
|
ZIP CODE/CITY: |
36047-400 JUIZ DE FORA/MG |
|
CNPJ: |
17.875.154/0004-72 |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PHARMACEUTICAL PRODUCTS. |
|
LEGAL FORM: |
PRIVATELY HELD
CORPORATION |
|
|
|
|
INCORPORATION DATE: |
21/07/1975 |
|
REGISTER DATE: |
21/07/1975 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
17.875.154/0001-20 |
|
STATE REGISTER: |
367.170.800.0047 |
|
|
|
|
SHARE CAPITAL: |
R$ 37.014.223,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JORGE LAGES DE OLIVEIRA |
PRESIDENT DIRECTOR |
|
EVANDRO RODRIGUES DA SILVA |
DIRECTOR |
|
VINICIUS BRAGA QUINTÃO |
DIRECTOR |
|
JADIR VIEIRA JUNIOR |
DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
JORGE LAGES DE OLIVEIRA |
72,31% |
|
EVANDRO RODRIGUES DA SILVA |
0,69% |
|
GCP FARMA HOLDING PARTICIPAÇÕES LTDA |
27,00% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS
HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
ENFERMAGEM EQUILIBRIO LTDA ME |
|
|
JLO PARTICIPAÇÕES LTDA |
|
|
DBLU PARTICIPAÇÕES LTDA |
|
|
THE SUBJECT WAS ESTABLISHED ON JULY 21, 1975 AS MEDQUIMICA INDUSTRIA FARMACÊUTICA
LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON DECEMBER 23, 2011 IT
ALTERED TO ABOVE-MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN
THE GENERAL SCENE REPORTED HEREIN. SHAREHOLDERS : JORGE LAGES DE OLIVEIRA: BRAZILIAN, SINGLE, INDUSTRIAL, HOLDER OF
DOCUMENTS RG M-228.537 SSP/MG AND CPF 141.386.626-34, RESIDENTIAL ADDRESS AT
RUA DELFIM MOREIRA. 33, APTO 701, CENTRO, ZIP CODE 36010-570, JUIZ DE
FORA/MG; EVANDRO RODRIGUES DA SILVA: BRAZILIAN, MARRIED, ADMINISTRATOR, HOLDER
OF DOCUMENTS RG M-8.128.180 SSP/MG AND CPF 005.450.486-48, RESIDENTIAL
ADDRESS AT RUA DR. OSMAR SILVA, 95, APTO 701, BAIRRO BOM PASTOR, ZIP CODE
36080-300, JUIZ DE FORA/MG; GCP FARMA HOLDING PARTICIPAÇÕES LTDA: HEADQUARTERED AT RUA TABAPUÃ,
1123, SALAS 241 A 244, ITAIM BIBI, ZIP CODE 04533-014, TAXPAYER'S
REGISTRATION UNDER 14.294.559/0001-86. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
2 |
FEDERAL LAWSUITS |
24/08/09 |
2ª VARA DE MG-JUIZ DE FORA |
|
1 |
STATE LAWSUIT |
22/07/09 |
VARA DE MG-JUIZ DE FORA |
|
GENERAL BALANCE
SHEETS AS OF 30/06/2013, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
30/06/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
CASH AND BANKS |
495 |
471 |
11.785 |
|
CLIENTS |
12.158 |
16.389 |
14.458 |
|
ADVANCES |
|
730 |
1.480 |
|
INVENTORY |
7.861 |
6.742 |
5.902 |
|
RECOVERABLE TAXES |
1.355 |
1.369 |
1.089 |
|
OTHER CREDITS |
991 |
306 |
751 |
|
PRE PAID EXPENSES |
76 |
144 |
134 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
22.936 |
26.151 |
35.599 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY CREDITS |
1.140 |
881 |
|
|
OTHER CREDITS |
195 |
10 |
26 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
1.335 |
891 |
26 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
25.581 |
24.802 |
12.821 |
|
INTANGIBLE |
8.564 |
7.657 |
7.061 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
34.145 |
32.459 |
19.882 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
58.416 |
59.501 |
55.507 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
30/06/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
SUPPLIERS |
8.142 |
5.194 |
6.404 |
|
LOANS AND FINANCING |
12.327 |
18.438 |
8.802 |
|
TRIBUTARY OBLIGATIONS |
1.961 |
2.458 |
2.555 |
|
SOCIAL OBLIGATIONS |
2.959 |
3.108 |
2.820 |
|
OTHER DEBTS |
1.669 |
1.455 |
1.297 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
27.058 |
30.653 |
21.878 |
|
LONG TERM LIABILITIES:
|
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
7.812 |
7.312 |
8.238 |
|
TRIBUTARY OBLIGATIONS |
6.363 |
6.120 |
7.369 |
|
SOCIAL OBLIGATIONS |
2.759 |
2.107 |
2.641 |
|
PROVISION FOR CONTINGENCIES |
176 |
176 |
671 |
|
OTHER |
126 |
57 |
21 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
17.236 |
15.772 |
18.940 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
37.014 |
37.014 |
37.014 |
|
CAPITAL RESERVES |
1 |
1 |
1 |
|
ACCRUED PROFIT (LOSS) |
-29.958 |
-31.004 |
-30.799 |
|
OTHER COMPREHENSIVE INCOME |
7.065 |
7.065 |
8.473 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
14.122 |
13.076 |
14.689 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
58.416 |
59.501 |
55.507 |
|
PROFIT AND LOSS
ACCOUNTS AS OF 30/06/2013, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
30/06/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
GROSS SALES |
|
|
72.515 |
|
(-) TAXES ON SALES |
|
|
14.704 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
36.834 |
62.905 |
57.811 |
|
(-) COST OF SOLD GOODS |
22.180 |
38.080 |
21.990 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
14.654 |
24.825 |
35.821 |
|
OPERATING REVENUE (EXPENSE) |
-10.654 |
-22.534 |
-43.845 |
|
FINANCIAL REVENUE(EXPENSE) |
-2.713 |
-3.904 |
-6.859 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
1.287 |
-1.613 |
-14.883 |
|
CONTRIBUTION/INCOME TAX |
-241 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
1.046 |
-1.613 |
-14.883 |
|
MONTHLY SALES |
|||
|
|
2012 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 4.354.272,75 |
|
|
|
FEBRUARY |
R$ 5.307.835,28 |
|
|
|
MARCH |
R$ 7.840.908,21 |
|
|
|
APRIL |
R$ 5.367.585,33 |
|
|
|
MAY |
R$ 7.102.341,03 |
|
|
|
JUNE |
R$ 6.508.987,22 |
|
|
|
JULY |
R$ 7.241.976,69 |
|
|
|
AUGUST |
R$ 7.201.129,71 |
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 50.925.036,22 |
|
|
|
RATIOS: |
30/06/2013 |
31/12/2012 |
31/12/2011 |
|
QUICK RATIO |
,56 |
|
,63 |
|
1,36 |
|
|
CURRENT RATIO |
,85 |
|
,85 |
|
1,63 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,03 |
TIMES |
3,84 |
TIMES |
4,00 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
59,41 |
DAYS |
93,79 |
DAYS |
90,03 |
DAYS |
|
INVENTORY TURNOVER |
2,82 |
TIMES |
5,65 |
TIMES |
3,73 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
66,08 |
DAYS |
49,10 |
DAYS |
104,84 |
DAYS |
|
RETURN ON ASSETS |
,63 |
TIMES |
1,06 |
TIMES |
1,04 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,61 |
TIMES |
4,81 |
TIMES |
3,94 |
TIMES |
|
NET WORTH TIE-UP |
1,81 |
|
1,90 |
|
,87 |
|
|
INDEBTEDNESS |
3,14 |
|
3,55 |
|
2,78 |
|
|
EQUITY RATIO |
24,17 |
% |
21,98 |
% |
26,46 |
% |
|
WORKING CAPITAL RATIO |
-15,23 |
% |
-14,69 |
% |
62,72 |
% |
|
GENERAL SOLVENCY |
1,32 |
|
1,28 |
|
1,36 |
|
|
RETURN ON NET EQUITY |
7,41 |
% |
-12,34 |
% |
-101,32 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
2,84 |
% |
-2,56 |
% |
-25,74 |
% |
|
GROSS PROFIT MARGIN |
39,78 |
% |
39,46 |
% |
61,96 |
% |
|
OPERATIONAL RESULT |
3,49 |
% |
-2,56 |
% |
-25,74 |
% |
|
SALES TURNOVER ON LIABILITIES |
1,36 |
TIMES |
2,05 |
TIMES |
2,64 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,40 |
- OFFICIAL RATE |
|
US$ 1,00 = R$ 2,22 |
- OFFICIAL RATE |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE ANNUAL FIGURES AVAILABLE SHOW AN UNBALANCED FINANCIAL STANDING.
THE LEVEL OF INDEBTEDNESS IS VERY HIGH AND IT HAS LOW LIQUIDITY RATIOS. IN ADDITION
IT IS NOTED GROWING SALES BUT ITS HIGH FINANCIAL AND OPERATIONAL EXPENSES THE
COMPANY MADE NEGATIVE RESULTS. THE QUARTERLY FIGURES FOR JUNE 2013 SHOW THAT THE INDEBTEDNESS KEEPS
VERY HIGH AND THE LIQUIDITY LOW. ON THE OTHER HAND IT IS NOTED GROWING SALES
TREND AND THE OPERATIONS ARE PROFITABLE. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
5.498.767,49
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
2.381.086,41
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE
VALUED AT R$ 214.279,94
|
NOT AVAILABLE. |
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
1345 / 31 3249-3558 |
BELO HORIZONTE/MG |
|
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"). |
|
THE SUBJECT IS ENGAGED IN THE MANUFACTURE, IMPORT AND EXPORT OF
PHARMACEUTICAL PRODUCTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
GERMANY, CHINA, SWITZERLAND, UNITED STATES AND INDIA. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
DIANALMED LTDA |
|
|
|
DISTRIBUIDORA VIANA GOMES |
|
|
|
J N DE LIMA COMERCIAL |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 580 EMPLOYEE(S) |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1975. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED. THE COMPANY HAS TRADE RELATIONS WITH SOME SUPPLIERS IN BRAZIL. THE SUPPLIERS
EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS ACCORDING TO THE
COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED. THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID.
NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY'S
TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
ALLPLAS IND E COMERCIO LTDA |
|
11 4612-2233 |
|
CIEL - CONFIANÇA IMP EXP LTDA |
|
21 3535-9550 |
|
COSMOQUIMICA |
|
0800 116-633 |
|
DINALAB COM IMP EXP LTDA |
|
11 5588-1444 |
|
FORLAB-CHITEC S/A COM INTERNACIONAL |
|
21 2232-0038 |
|
HEXIS CIENTÍFICA S/A |
|
11 4589-2706 |
|
INDUKERN DO BRASIL QUIMICA LTDA |
|
11 3689-7666 |
|
KLOCKNER PENTAPLAST DO BRASIL LTDA |
|
11 4613-9979 |
|
MACRON INDUSTRIA GRÁFICA LTDA |
|
11 4393-8366 |
|
MAKENI CHEMICALS COM IND PROD SQUIM LTDA |
|
11 4360-6400 |
|
PURIFARMA DISTRIB QUIMICA E FARM LTDA |
|
11 272-5600 |
|
VALDEQUIMICA PRODUTOS QUIMICOS LTDA |
|
11 3721-1077 |
|
VETEC QUIMICA FINA LTDA |
|
21 3125-1920 |
|
PAYMENT HISTORY: |
|
06 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 25.993,00 |
|
|
|
AMOUNT OF INVOICES PAID: 30 |
|
TOTAL OF PROMPT PAYMENTS: 78,2% |
|
TOTAL OF DELAYED PAYMENTS: 20,2% |
|
|
|
HIGHEST INVOICE: R$ 2.184,00 |
|
HIGHEST CREDIT: R$ 2.184,00 |
|
BASED ON THE GENERAL 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 FINANCIAL
STRENGTH. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
|
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.18 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.