MIRA
INFORM REPORT
|
Report Date : |
13.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MCB |
|
|
|
|
Registered Office : |
John F. Kennedylaan 59, 5555XC Valkenswaard |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
16.05.1941 |
|
|
|
|
Com. Reg. No.: |
17075728 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
· Wholesaler of fittings & technical supplies Wholesaler of ferrous metals and ferrous semi-finished
products Freight transport
by road (no removal services) |
|
|
|
|
No. of Employees : |
635 (2012) |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Netherlands ECONOMIC OVERVIEW
The Dutch
economy is the sixth-largest economy in the euro-zone and is noted for its
stable industrial relations, moderate unemployment and inflation, a sizable trade
surplus, and an important role as a European transportation hub. Industrial
activity is predominantly in food processing, chemicals, petroleum refining,
and electrical machinery. A highly mechanized agricultural sector employs only
2% of the labor force but provides large surpluses for the food-processing
industry and for exports. The Netherlands, along with 11 of its EU partners,
began circulating the euro currency on 1 January 2002. After 26 years of
uninterrupted economic growth, the Dutch economy - highly dependent on an
international financial sector and international trade - contracted by 3.5% in
2009 as a result of the global financial crisis. The Dutch financial sector
suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed
securities. In 2008, the government nationalized two banks and injected
billions of dollars of capital into other financial institutions, to prevent
further deterioration of a crucial sector. The government also sought to boost
the domestic economy by accelerating infrastructure programs, offering
corporate tax breaks for employers to retain workers, and expanding export
credit facilities. The stimulus programs and bank bailouts, however, resulted
in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply
with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE
began implementing fiscal consolidation measures in early 2011, mainly
reductions in expenditures, which resulted in an improved budget deficit in 2011.
In 2012 tax revenues dropped nearly 9%, GDP contracted, and the budget deficit
deteriorated. Although jobless claims continued to grow, the unemployment rate
remained relatively low at 6.8 percent.
Source : CIA
Summary
Company name MCB
Nederland B.V.
Operative address John
F. Kennedylaan 59
5555XC Valkenswaard
Netherlands
Status Active
Specification This
company can meet all its obligations.
Legal form Besloten
Vennootschap (Private Company)
Registration number KvK-nummer:
17075728
VAT-number 800807431
|
Year |
2011 |
Mutation |
2010 |
Mutation |
2009 |
|
Fixed assets |
84.612.455 |
-2,31 |
86.616.000 |
-3,91 |
90.142.116 |
|
Total receivables |
77.240.755 |
-44,77 |
139.864.000 |
59,69 |
87.587.332 |
|
Total equity |
141.480.147 |
0,27 |
141.093.000 |
7,25 |
131.552.869 |
|
Short term liabilities |
116.068.167 |
-39,83 |
192.910.000 |
94,64 |
99.111.219 |
|
Net result |
8.962.980 |
-7,91 |
9.733.000 |
57,42 |
6.182.944 |
|
Working capital |
74.342.264 |
5,07 |
70.758.000 |
-24,27 |
93.435.989 |
|
Quick ratio |
0,67 |
-8,22 |
0,73 |
-17,98 |
0,89 |
Contact information
Company name MCB
Nederland B.V.
Trade names Metaalcompagnie
"Brabant"
MCB Nederland B.V.
MCB Information Services
Operative address John
F. Kennedylaan 59
5555XC Valkenswaard
Netherlands
Correspondence
address Postbus
2
5550AA Valkenswaard
Netherlands
Telephone number 0402088333
Fax number 0402043795
Email address info@mcb.nl
Website www.mcb.nl
Registration
Registration number KvK-nummer:
17075728
Branch number 000019129572
VAT-number 800807431
Status Active
First registration
company register 1992-06-24
Memorandum 1992-05-29
Establishment date 1941-05-16
Legal form Besloten
Vennootschap
Last proposed
admendment 2008-05-27
Activities
SBI Groothandel
en Wholesale on a fee or contract basis (niet in auto’s en motorfietsen) (46)
(Wholesale
and Wholesale on a fee or contract basis (not in cars and motorcycles) (46))
Wholesale of fittings &
technical supplies. (46694)
Wholesale of ferrous metals
and ferrous semi-finished products (46722)
Freight transport by road (no
removal services) (4941)
ISO certified Yes
Exporter No
Importer No
Branche organisations Vereniging FME-CWM
Goal Groothandel
in staal en technische produkten alsmede uitoefenen van
transportactiviteiten, zowel
ten behoeve van eigen onderneming als ten behoeve van derden
(Wholesale of steel and
engineering products, and exercising
transport, both for their own
enterprise as for third parties)
Relations
Shareholders MCB International B.V.
John F. Kennedylaan 59
5555XC Valkenswaard
Netherlands
Registration number: 170113930000
Percentage: 100.00%
Branches
MCB Nederland B.V.
De Vest 38
5555XP VALKENSWAARD
Netherlands
Registration number: 170757280001
MCB Nederland B.V.
De Schakel 7
5651GH EINDHOVEN
Netherlands
Registration number: 170757280002
Bank details
ABN Amro Bank NV
Account number: 444046003
F. van Lanschot Bankiers NV
Account number: 22.63.11.600
ING Bank NV
Account number: 1109861
Accounts
Rabobank Nederland
Account number: 17.29.45.437
Management
Active management
MCB International B.V.
John F. Kennedylaan 59
5555XC Valkenswaard
Netherlands
Registration number: 170113930000
Competence: Fully authorized
Function: Manager
Starting date: 2008-05-23
R.P.F. Maandonks (Ronald Pieter Francois)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 1996-07-01
Date of birth: 1958-11-17, Hoogeloon C.A., NL
T.G.P. Broeksteeg (Theodorus Gijsbertus Petrus)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-07-01
Date of birth: 1968-09-06, Oss, NL
T.G.P. Broeksteeg (Theodorus Gijsbertus Petrus)
Netherlands
Competence: Limited authorization
MCB Nederland B.V.
Page: 3 / 10
06-01-2014 Applicant
MIRA INFORM
Function: Proxy
Starting date: 2013-07-01
Date of birth: 1968-09-06, Oss, NL
Employees
Total according to the Chamber of Commerce 635
Year 2012
2011 2010 2009 2008
Total 635
635 563 563 563
Payments
Description Payments
made under regular condition
Key figures
|
Year |
2011 |
2010 |
2009 |
2008 |
2007 |
|||||||
|
Quick ratio |
0,67 |
0,73 |
0,89 |
0,82 |
0,90 |
|||||||
|
Current ratio |
1,64 |
1,37 |
1,94 |
2,05 |
2,05 |
|||||||
|
|
||||||||||||
|
Working capital/ balance total |
0,27 |
0,20 |
0,33 |
0,38 |
0,38 |
|||||||
|
Equity / balance total |
0,51 |
0,40 |
0,47 |
0,46 |
0,48 |
|||||||
|
Equity / Fixed assets |
1,67 |
1,63 |
1,46 |
1,78 |
1,82 |
|||||||
|
Equity / liabilities |
1,06 |
0,73 |
0,87 |
0,96 |
0,93 |
|||||||
|
Balance total / liabilities |
2,06 |
1,82 |
1,87 |
2,06 |
1,93 |
|||||||
|
Working capital |
74.342.264 |
70.758.000 |
93.435.989 |
137.657.000 |
132.668.000 |
|||||||
|
Equity |
141.480.147 |
141.093.000 |
131.552.869 |
168.740.000 |
170.405.000 |
|||||||
|
Mutation equity |
0,27 |
7,25 |
-22,04 |
-0,98 |
23,33 |
|||||||
|
Mutation short term liabilities |
-39,83 |
94,64 |
-24,68 |
3,77 |
13,78 |
|||||||
|
Return on total assets (ROA) |
4,45 |
3,74 |
3,01 |
7,64 |
10,34 |
|||||||
|
Return on equity (ROE) |
8,66 |
9,29 |
6,48 |
16,47 |
21,41 |
|||||||
|
Gross profit margin |
2,41 |
2,75 |
2,37 |
4,53 |
5,52 |
|||||||
|
Net profit margin |
1,40 |
1,75 |
1,42 |
2,89 |
3,65 |
|||||||
|
Average collection ratio |
5,52 |
2,87 |
4,40 |
5,38 |
5,88 |
|
||||||
|
Average payment ratio |
8,30 |
3,97 |
4,98 |
6,58 |
6,56 |
|
||||||
|
Equity turnover ratio |
4,53 |
3,93 |
3,32 |
4,19 |
4,37 |
|
||||||
|
Total assets turnover ratio |
2,33 |
1,58 |
1,54 |
1,94 |
2,11 |
|
||||||
|
Fixed assets turnover ratio |
7,58 |
6,40 |
4,84 |
7,48 |
7,98 |
|
||||||
|
Inventory conversion ratio |
5,71 |
4,48 |
4,17 |
4,39 |
5,15 |
|
||||||
|
Turnover |
641.037.434 |
554.587.000 |
436.136.004 |
707.275.000 |
745.521.000 |
|
||||||
|
Gross margin |
35.545.201 |
|
28.749.121 |
|
56.433.000 |
|
||||||
|
Operating result |
15.418.517 |
15.248.000 |
10.343.336 |
32.031.000 |
41.137.000 |
|
||||||
|
Net result after taxes |
8.962.980 |
9.733.000 |
6.182.944 |
20.440.000 |
27.183.000 |
|
||||||
|
Cashflow |
|
|
6.828.936 |
|
33.422.000 |
|
||||||
|
Gross profit |
|
554.587.000 |
|
707.275.000 |
|
|
||||||
|
EBIT |
15.418.517 |
15.248.000 |
10.343.336 |
32.031.000 |
41.137.000 |
|
||||||
|
EBITDA |
|
|
10.989.328 |
|
47.376.000 |
|
||||||
Summary
The 2011 financial result structure is a positive working
capital of 74.342.264 euro, which is in
agreement with 27 % of the total assets of the company.
The working capital has increased with 5.07 % compared to
previous year. The ratio, with
respect to the total assets of the company has however,
increased.
The improvement between 2010 and 2011 has mainly been
caused by an increase of the
current assets.
The current ratio of the company in 2011 was 1.64. A
company with a current ratio between
1.5 and 3.0 generally indicates good short-term financial
strength.
The quick ratio in 2011 of the company was 0.67. A company
with a Quick Ratio of less than
1 cannot currently pay back its current liabilities.
The 2010 financial result structure is a positive working
capital of 70.758.000 euro, which is in
agreement with 20 % of the total assets of the company.
The working capital has diminished with -24.27 % compared
to previous year. The ratio, with
respect to the total assets of the company has however,
declined.
The deterioration between 2009 and 2010 has mainly been
caused by an increase of the
current liabilities.
The current ratio of the company in 2010 was 1.37. When
the current ratio is below 1.5, the
company may have problems meeting its short-term
obligations.
The quick ratio in 2010 of the company was 0.73. A company
with a Quick Ratio of less than
1 cannot currently pay back its current liabilities.
Financial statement
Type of annual account Corporate
Annual account MCB
Nederland B.V.
John F. Kennedylaan 59
5555XC Valkenswaard
Netherlands
Registration number: 170757280000
Balance Sheet
|
Year |
2011 |
2010 |
2009 |
2008 |
2007 |
|
End date |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
2007-12-31 |
|
Real estate |
|
|
|
|
79.228.000 |
|
Plant and machinery |
|
|
|
|
4.134.000 |
|
Other tangible fixed assets |
|
86.297.000 |
|
94.513.000 |
855.000 |
|
Tangible fixed assets |
83.621.551 |
86.297.000 |
89.973.925 |
94.513.000 |
93.399.000 |
|
Other financial fixed assets |
|
319.000 |
|
52.000 |
|
|
Financial fixed assets |
990.904 |
319.000 |
168.191 |
52.000 |
|
|
Fixed assets |
84.612.455 |
86.616.000 |
90.142.116 |
94.565.000 |
93.399.000 |
|
|
|||||
|
Inventories |
112.279.459 |
123.747.000 |
104.710.540 |
161.170.000 |
144.749.000 |
|
Accounts receivable |
41.808.440 |
45.154.000 |
31.498.178 |
50.040.000 |
61.495.000 |
|
Receivables due from group and associated companies |
|
|
|
|
49.662.000 |
|
Other receivables |
35.432.315 |
94.710.000 |
56.089.154 |
57.522.000 |
52.216.000 |
|
Total receivables |
77.240.755 |
139.864.000 |
87.587.332 |
107.562.000 |
113.711.000 |
|
Liquid funds |
890.217 |
57.000 |
249.336 |
506.000 |
1.013.000 |
|
accruals |
|
94.710.000 |
|
57.522.000 |
2.554.000 |
|
Current assets |
190.410.431 |
263.668.000 |
192.547.208 |
269.238.000 |
259.473.000 |
|
Total assets |
275.022.886 |
350.285.000 |
282.689.324 |
363.803.000 |
352.872.000 |
|
Total equity |
141.480.147 |
141.093.000 |
131.552.869 |
168.740.000 |
170.405.000 |
|
Provisions |
17.474.572 |
16.282.000 |
11.457.236 |
18.882.000 |
20.062.000 |
|
Long term interest yielding debt |
|
|
|
|
35.600.000 |
|
Financial debts |
|
|
|
|
35.600.000 |
|
Other long term liabilities |
|
|
|
44.600.000 |
|
|
Long term liabilities |
|
40.568.000 |
44.600.000 |
35.600.000 |
|
|
Accounts payable |
19.663.058 |
19.583.000 |
14.976.158 |
22.393.000 |
24.788.000 |
|
Liabilities towards credit institutes |
|
|
|
|
81.771.000 |
|
Short term interest yielding debt |
|
|
|
|
81.771.000 |
|
Tax liabilities |
|
|
|
|
6.182.000 |
|
Debts to subsidiary companies |
|
|
|
|
2.088.000 |
|
Other short term liabilities |
96.405.109 |
173.327.000 |
84.135.061 |
109.188.000 |
11.976.000 |
|
Short term liabilities |
116.068.167 |
192.910.000 |
99.111.219 |
131.581.000 |
126.805.000 |
|
Total short and long term liabilities |
133.542.739 |
192.910.000 |
151.136.455 |
176.181.000 |
182.467.000 |
|
Total liabilities |
275.022.886 |
350.285.000 |
282.689.324 |
363.803.000 |
352.872.000 |
Summary
The total assets of the company decreased with -21.49 %
between 2010 and 2011.
This total assets decrease has been reflected in a reduction
of non current assets of -2.31 %.
Assets reduction is being explained by an indebtedness
decrease -30.77 % while the Net
Worth remains unchanged.
In 2011 the assets of the company were 30.77 % composed of
fixed assets and 69.23 % by
current assets. The assets are being financed by an equity
of 51.44 %, and total debt of
48.56 %.
The total assets of the company increased with 23.91 %
between 2009 and 2010.
Despite the assets growth, the non current assets
decreased with -3.91 %.
The asset growth has mainly been financed by a debt
increase of 7.25 %. The Net Worth,
however, grew with 27.64 %.
In 2010 the assets of the company were 24.73 % composed of
fixed assets and 75.27 % by
current assets. The assets are being financed by an equity
of 40.28 %, and total debt of
59.72 %.
Profit & loss
|
Year |
2011 |
2010 |
2009 |
2008 |
2007 |
|
Revenues |
641.037.434 |
554.587.000 |
436.136.004 |
707.275.000 |
745.521.000 |
|
Net Turnover |
641.037.434 |
554.587.000 |
436.136.004 |
707.275.000 |
745.521.000 |
|
Gross margin |
35.545.201 |
--- |
28.749.121 |
--- |
56.433.000 |
|
Amorization and depreciation |
--- |
--- |
645.992 |
--- |
--- |
|
Sales |
20.126.684 |
--- |
407.386.883 |
--- |
15.296.000 |
|
other operating costs |
--- |
19.576.000 |
17.759.793 |
21.786.000 |
--- |
|
Raw materials and consumables |
--- |
519.763.000 |
|
653.458.000 |
|
|
Operating expenses |
625.618.917 |
539.339.000 |
425.792.668 |
675.244.000 |
704.384.000 |
|
Result in subsidiaries |
340.132 |
151.000 |
116.153 |
32.000 |
--- |
|
Operating result |
15.418.517 |
15.248.000 |
10.343.336 |
32.031.000 |
41.137.000 |
|
Financial income |
290.882 |
1.215.000 |
1.331.898 |
1.980.000 |
816.000 |
|
Financial expenses |
3.803.271 |
3.507.000 |
3.268.644 |
6.252.000 |
5.466.000 |
|
Financial result |
-3.512.389 |
-2.291.000 |
-1.936.746 |
-4.272.000 |
-4.650.000 |
|
Result on ordinary operations before taxes |
12.246.260 |
13.108.000 |
8.522.743 |
27.791.000 |
36.487.000 |
|
Taxation on the result of ordinary
activities |
3.283.280 |
3.374.000 |
2.339.799 |
7.351.000 |
9.304.000 |
|
Result of ordinary
activities after taxes |
8.962.980 |
9.733.000 |
6.182.944 |
20.440.000 |
27.183.000 |
|
Net result |
8.962.980 |
9.733.000 |
6.182.944 |
20.440.000 |
27.183.000 |
Summary
The turnover of the company grew with 15.59 % between 2010
and 2011.
The operating result of the company grew with 1.12 %
between 2010 and 2011. This
evolution implies an increase of the company's economic
profitability.
The result of these changes is an increase of the
company's Economic Profitability of 18.98
% of the analysed period, being equal to 2010 % in the
year 2011.
This growth has contributed to the increase in assets
turnover, increasing by 47.47 %
reaching 2.33.
The Net Result of the company increased by -7.91 % between
2010 and 2011.
The company's Financial Profitability has been positively
affected by the financial activities in
comparison to the EBITs behaviour. The result of these
variations is a profitability increase of
-6.78 % of the analysed period, being 8.66 % in the year
2011.
The company's financial profitability has been positively
affected by its financial structure.
The turnover of the company grew with 27.16 % between 2009
and 2010.
The operating result of the company grew with 47.42 %
between 2009 and 2010. This
evolution implies an increase of the company's economic
profitability.
The result of these changes is an increase of the
company's Economic Profitability of 24.25
% of the analysed period, being equal to 2009 % in the
year 2010.
This growth has contributed to the increase in assets
turnover, increasing by 2.6 % reaching
1.58.
The Net Result of the company decreased by 57.42 % between
2009 and 2010.
The company's Financial Profitability has been negatively
affected by the financial activities in
comparison to the EBITs behaviour. The result of these
variations is a profitability reduction
of 43.36 % of the analysed period, being 9.29 % in the
year 2010.
The company's financial structure has slowed down its
financial profitability.
Analysis
Branch (SBI) Groothandel en
Wholesale on a fee or contract basis (niet in auto’s en motorfietsen) (46)
Region Zuid-Oost-Brabant
In the Netherlands 107516 of the
companies are registered with the SBI code 46
In the region
Zuid-Oost-Brabant 4929 of the companies are registered with the SBI code 46
In the Netherlands 2108 of the
bankrupcties are published within this sector
In the region
Zuid-Oost-Brabant 109 of the bankruptcies are published within this sector
The risk of this specific
sector in the Netherlands is normal
The risk of this specific
sector in the region Zuid-Oost-Brabant is normal
Publications
Filings 01-08-2012:
De jaarrekening over 2011 is gepubliceerd.
06-07-2011: De jaarrekening
over 2010 is gepubliceerd.
29-07-2010: De jaarrekening
over 2009 is gepubliceerd.
10-07-2009: De jaarrekening
over 2008 is gepubliceerd.
Functions 11-10-2013:
Per 01-07-2013 is gevolmachtigde Theodorus Gijsbertus Petrus Broeksteeg in
functie getreden.
20-08-2013: Per 01-07-2013 is
gevolmachtigde Peter Alouis Hildefons Bergs uit functie
getreden.
22-01-2013: Per 01-01-2013 is
gevolmachtigde Peter Alouis Hildefons Bergs in functie
getreden.
10-10-2012: Per 01-10-2012 is
gevolmachtigde Peter Alouis Hildefons Bergs uit functie
getreden.
10-10-2012: Per 01-10-2012 is
gevolmachtigde Hendrikus Jacobus Theodorus Spikmans uit
functie getreden.
10-10-2012: Per 01-10-2012 is
gevolmachtigde Cornelius Gerardus Maria van den Hout uit
functie getreden.
10-10-2012: Per 01-10-2012 is
gevolmachtigde Lambertus Franciscus Cornelis Maria van de
Schans uit functie getreden.
10-10-2012: Per 01-10-2012 is
gevolmachtigde Wilhelmus Wilhelmina Jan Derkx uit functie
getreden.
10-10-2012: Per 01-10-2012 is
gevolmachtigde Antoon Cornelis van Laatum uit functie
getreden.
10-10-2012: Per 01-10-2012 is
gevolmachtigde Evert Jan Hendriksen uit functie getreden.
15-02-2011: Per 01-01-2011 is
gevolmachtigde Augustinus Cornelis Henrica Maria van de
Ven uit functie getreden.
15-02-2011: Per 01-01-2011 is
gevolmachtigde Aalbertus Uithol uit functie getreden.
04-05-2010: Per 01-05-2010 is
gevolmachtigde Igor Johannes La Vos uit functie getreden.
Company structure
Relations 8
MCB International B.V.
John F. Kennedylaan 59
5555XC Valkenswaard
Netherlands
Registration number: 170113930000
MCB Nederland B.V.
John F. Kennedylaan 59
5555XC Valkenswaard
Netherlands
Registration number: 170757280000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
UK Pound |
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.