|
Report Date : |
30.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
CLARIANT INTERNATIONAL AG |
|
|
|
|
Registered Office : |
Rothausstrasse 61, 4132 Muttenz/BL |
|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
25.10.1989 |
|
|
|
|
Com. Reg. No.: |
280.3.917.604-0 / 359797 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesaler of chemical products |
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No of Employees : |
160 |
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 |
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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) |
|
Switzerland |
A1 |
A1 |
|
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 |
SWITZERLAND ECONOMIC OVERVIEW
Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies. The Swiss have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness, but some trade protectionism remains, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of all Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled export demand and put Switzerland in a recession. The Swiss National Bank (SNB) during this period effectively implemented a zero-interest rate policy to boost the economy as well as prevent appreciation of the franc, and Switzerland's economy began to recover in 2010. The sovereign debt crises currently unfolding in neighboring euro-zone countries pose a significant risk to Switzerland's financial stability and are driving up demand for the Swiss franc by investors seeking a safe-haven currency. The independent SNB has upheld its zero-interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell below 2% per year during 2011-13. Switzerland has also come under increasing pressure from individual neighboring countries, the EU, the US, and international institutions to reform its banking secrecy laws. Consequently, the government agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The government has renegotiated its double taxation agreements with numerous countries, including the US, to incorporate the OECD standard, and is considering the possibility of imposing taxes on bank deposits held by foreigners. These steps will have a lasting impact on Switzerland's long history of bank secrecy
|
Source
: CIA |
Clariant
International AG
Rothausstrasse 61
4132 Muttenz/BL
Switzerland/CH
Telephone: 061
4695111
Fax: 061
4695901
Web
site: http://www.clariant.com
E-mail: info@clariant.com
WIN
Worldbox No.: CH0000060679
VAT-No.: CHE106515013
Established: 1989
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4675 Wholesale of chemical products
Import/Export: Export
Export
sales: 95,0%
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 160
The business activities includes the sale of
dyes, pigments, additives, masterbatches and speciality chemicals for dyeing
and and finishing textiles, paper, leather, plastics and aluminium as well as
for paints and inks.
Information on property ownership was not
available.
Company
No: 280.3.917.604-0 /
359797
Legal
form: Company limited
by shares
Registration: 25.10.1989
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Basel-Landschaft
History: Date of Statutes:
06.07.1993
Date of Statutes:
02.11.2009
Date of
Statutes: 02.12.2008
Date of
Statutes: 12.12.2007
Date of
Statutes: 15.05.2006
Date of
Statutes: 30.06.1995
Entry Deleted Name
12.07.1995 Clariant
International AG
12.07.1995 Clariant
International SA (Name translated)
12.07.1995 Clariant
International Ltd (Name translated)
12.07.1995 Sandoz Chemikalien AG
12.07.1995 Sandoz Chimie SA (Name translated)
12.07.1995 Sandoz Chemicals Ltd (Name translated)
Entry Deleted Legal domicile
active Muttenz,
Switzerland
Entry Deleted Address
active Rothausstrasse
61, 4132 Muttenz/BL, Switzerland/CH
Entry Deleted Capital
18.12.2008 Share
Capital CHF 180,704,000, paidup CHF 180,704,000
Entry Deleted Capital Structure
18.12.2008 180,704
Registered shares of CHF 1,000.--
Title Name
President Dr. Hariolf
Kottmann, Origin: Germany, Residential address: 8802 Kilchberg /ZH,
Switzerland, joint signature of two, Registered since: 01.10.2008
Director Daniel
Hug, Origin: Quarten, Switzerland, Residential address: 4101 Bottmingen,
Switzerland, joint signature of two, Registered since: 18.12.2009
Director Patrick
Jany, Origin: Germany, Residential address: 4143 Dornach, Switzerland, joint
signature of two, Registered since: 24.01.2006
Director Alfred
Christian Münch, Origin: Basel, Switzerland, Residential address: 8127 Forch ,
Switzerland, joint signature of two, Registered since: 07.07.2010
Title Name
General
Manager, Chairman of the management Dr.
Hariolf Kottmann, Origin: Germany, Residential address: 8802 Kilchberg /ZH,
Switzerland, joint signature of two, Registered since: 01.10.2008
Member
of the management Patrick Jany,
Origin: Germany, Residential address: 4143 Dornach, Switzerland, joint
signature of two, Registered since: 24.01.2006
Member
of the management Dr. Christian
Kohlpaintner, Origin: Germany, Residential address: Basel, Switzerland, joint
signature of two, Registered since: 13.11.2009
Member
of the management Dr. Mathias
Lütgendorf, Origin: Germany, Residential address: Bad Soden am Taunus, Germany,
joint signature of two, Registered since: 10.06.2009
Director Dr. Hans
Bohnen, Origin: Germany, Residential address: Schliengen-Mauchen, Germany,
joint signature of two, Registered since: 18.12.2009
Director Marco
Cenisio, Origin: Italy, Residential address: 4102 Binningen, Switzerland, joint
signature of two, Registered since: 18.12.2009
Director Michael
Erich Grosskopf, Origin: Germany, Residential address: Lörrach , Germany, joint
signature of two, Registered since: 18.12.2009
Director Claus
Hefner, Origin: Germany, Residential address: Nauheim , Germany, joint
signature of two, Registered since: 05.03.2009
Director Stefan
Christof J. Heuser, Origin: Germany, Residential address: 4102 Binningen,
Switzerland, joint signature of two, Registered since: 18.12.2009
Director Oliver
Kinkel, Origin: Germany, Residential address: Steinen , Germany, joint
signature of two, Registered since: 13.12.2005
Director Dr.
Joachim Friedrich Eduard Krüger, Origin: Germany, Residential address: 4143
Dornach, Switzerland, joint signature of two, Registered since: 02.12.2010
Director Volker
Laska, Origin: Germany, Residential address: 4310 Rheinfelden, Switzerland,
joint signature of two, Registered since: 13.12.2005
Director Rudi Leonhardt,
Origin: Germany, Residential address: Baden-Baden , Germany, joint signature of
two, Registered since: 02.12.2010
Director Norbert
Merklein, Origin: Germany, Residential address:
Kronberg, Germany, joint signature of two, Registered since: 18.12.2009
Director Walter
Mohr, Origin: Germany, Residential address: Kandern, Germany, joint signature
of two, Registered since: 14.05.2013
Director Alfred
Christian Münch, Origin: Basel, Switzerland, Residential address: 8127 Forch ,
Switzerland, joint signature of two, Registered since: 07.07.2010
Director Dr.
Ralf-Henri Schlömer, Origin: Germany, Residential address: Bad Soden , Germany,
joint signature of two, Registered since: 14.11.2013
Director Dr.
Martin Vollmer, Origin: Germany, Residential address: 4313
Leverkusen-Schlebusch, Germany, joint signature of two, Registered since:
07.07.2010
Director Michael
Willome, Origin: Biel/Bienne, Switzerland, Residential address: Binningen,
Switzerland, joint signature of two, Registered since: 18.12.2009
Vice-Director Jérôme Abrahmi,
Origin: France, Residential address: 4101 Brunstatt, France, joint signature of
two, Registered since: 18.12.2009
Vice-Director Dr. Werner Emil
Brodt, Origin: Germany, Residential address: 4402 Möhlin, Switzerland, joint
signature of two, Registered since: 18.12.2009
Vice-Director Dr. Matthias
Brommer, Origin: Germany, Residential address: Rheinfelden , Germany, joint
signature of two, Registered since: 14.10.2011
Vice-Director Bernhard
Siegfried Ehrenreich, Origin: Germany, Residential address: Emersacker ,
Germany, joint signature of two, Registered since: 18.12.2009
Vice-Director Alexandre Augusto
Grou Baron, Origin: Brazil, Residential address: Riehen, Switzerland, joint
signature of two, Registered since: 25.01.2012
Vice-Director Dr. Bernd
Hirschberg, Origin: Germany, Residential address: Möhlin, Switzerland, joint
signature of two, Registered since: 26.10.2012
Vice-Director Martin Paul
Johann John, Origin: Germany, Residential address: Kronberg am Taunus, Germany,
joint signature of two, Registered since: 18.12.2009
Vice-Director Dr. Gerd Joachim
König, Origin: Germany, Residential address: 4310 Rheinfelden, Switzerland,
joint signature of two, Registered since: 18.12.2009
Vice-Director Kay-Uwe
Kutschbach, Origin: Germany, Residential address: 4132 Muttenz, Switzerland,
joint signature of two, Registered since: 18.12.2009
Vice-Director Dietmar Müller,
Origin: Germany, Residential address: Basel, Switzerland, joint signature of
two, Registered since: 14.10.2011
Vice-Director Peter Karl Ochs,
Origin: Germany, Residential address: 4313 Möhlin, Switzerland, joint signature
of two, Registered since: 18.12.2009
Vice-Director Dr. Bert Willi
Portz, Origin: Germany, Residential address: Lörrach , Germany, joint signature
of two, Registered since: 18.12.2009
Vice-Director Dr. Michael
Riedel, Origin: Germany, Residential address: 4144 Arlesheim, Switzerland,
joint signature of two, Registered since: 05.03.2009
Vice-Director Martin Seifert,
Origin: Germany, Residential address: Müllheim , Germany, joint signature of
two, Registered since: 18.12.2009
Vice-Director Dominik Strebel,
Origin: Mägenwil, Switzerland, Residential address: 5506 Mägenwil, Switzerland,
joint signature of two, Registered since: 18.12.2009
Vice-Director Dr. Andreas
Martin Wyder, Origin: Zürich, Switzerland, Residential address: Oberwil /BL,
Switzerland, joint signature of two, Registered since: 18.12.2009
Member
with signing authority Silke
Burkhardt, Origin: Basel, Pfeffingen, Switzerland, Residential address:
Oberwil/BL, Switzerland, joint signature of two, Registered since: 07.09.2011
Member
with signing authority Dr. Isabelle
Friedhoff, Origin: Germany, Residential address: Muttenz, Switzerland, joint
signature of two, Registered since: 06.08.2012
Member
with signing authority Philipp
Hammel, Origin: Basel, Kleinlützel, Switzerland, Residential address: 4104
Oberwil /BL, Switzerland, joint signature of two, Registered since: 04.02.2008
Member
with signing authority Neil
Harnisch, Origin: Schwarzenburg, Switzerland, Residential address: Basel,
Switzerland, joint signature of two, Registered since: 10.03.2014
Member
with signing authority Stephen
Heimberg, Origin: Oberwil im Simmental, Switzerland, Residential address:
Möhlin, Switzerland, joint signature of two, Registered since: 12.11.2013
Member
with signing authority Dr. Gion
Marco Job, Origin: Schluein, Switzerland, Residential address: 4147 Aesch /BL,
Switzerland, joint signature of two, Registered since: 28.07.2004
Member
with signing authority Daniel Edwin Leuthardt,
Origin: Arlesheim, Switzerland, Residential address: Aesch /BL, Switzerland,
joint signature of two, Registered since: 10.03.2014
Member
with signing authority Kirsten
Müller Kellenberger, Origin: Escholzmatt, Romoos, Riehen, Rehetobel, Switzerland,
Residential address: 4125 Riehen, Switzerland, joint signature of two,
Registered since: 04.02.2008
Member
with signing authority Matthias
Saxer, Origin: Sevelen, Switzerland, Residential address: 4800 Zofingen,
Switzerland, joint signature of two, Registered since: 04.02.2008
Member
with signing authority Michael
Stanek, Origin: Birsfelden, Switzerland, Residential address: Frick,
Switzerland, joint signature of two, Registered since: 26.10.2012
Member
with signing authority Dr. Ulrich
Bernhard Steiner, Origin: Zürich, Switzerland, Residential address: 8301
Wallisellen, Switzerland, joint signature of two, Registered since: 02.12.2010
Member
with signing authority Adrian
Tillmann, Origin: Niederried bei Kallnach, Switzerland, Residential address:
4132 Muttenz, Switzerland, joint signature of two, Registered since: 24.07.2003
Member
with signing authority Dr. Susanne
Wagner, Origin: Germany, Residential address: 4000 Basel, Switzerland, joint
signature of two, Registered since: 04.02.2008
Member
with signing authority Herbert
Wetter, Origin: Remetschwil, Switzerland, Residential address: 4414
Füllinsdorf, Switzerland, joint signature of two, Registered since: 26.06.1998
Member
with signing authority Martin August
Zehnder, Origin: Döttingen, Switzerland, Residential address: 5430 Wettingen,
Switzerland, joint signature of two, Registered since: 02.12.2010
Member
with signing authority Dr. Peter
Zimmermann, Origin: Luzern, Switzerland, Residential address: 4104
Bottmingen/BL, Switzerland, joint signature of two, Registered since:
04.02.2008
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Basel, Switzerland, Id: CH-270.9.000.974-6, Registered
since: 24.05.2000
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12 12
Currency: mil.
CHF mil. CHF mil. CHF mil. CHF mil.
CHF
Statement norm: IAS IAS IAS IAS IAS
Balance Sheet
Intangible fixed assets 1,549.0 1,584.0 1,762.0 269.0 294.0
Land and buildings 973.0 948.0 1,113.0 818.0 959.0
Other tangible
fixed assets 1,068.0 1,155.0 1,381.0 851.0 968.0
Tangible fixed
assets 2,041.0 2,103.0 2,494.0 1,669.0 1,927.0
Financial fixed
assets 635.0 589.0 591.0 242.0 292.0
other fixed assets 288.0 366.0 331.0 236.0 192.0
Fixed assets 4,513.0 4,642.0 5,178.0 2,416.0 2,705.0
Stocks 846.0 887.0 1,151.0 800.0 853.0
Trade accounts
receivable 905.0 857.0 1,134.0 985.0 1,102.0
Liquid assets 770.0 1,372.0 1,199.0 716.0 1,140.0
Securities 147.0 295.0
other trade
accounts 944.0 1,422.0 368.0 978.0 253.0
Accruals 49.0 50.0 51.0 26.0 39.0
Other current
assets 1,910.0 3,139.0 1,618.0 1,720.0 1,432.0
Current assets 3,661.0 4,883.0 3,903.0 3,505.0 3,387.0
Total assets 8,174.0 9,525.0 9,081.0 5,921.0 6,092.0
Capital 1,228.0 1,094.0 1,183.0 921.0 921.0
Other shareholders
funds 1,486.0 1,860.0 1,750.0 838.0 923.0
Total shareholders
equity 2,714.0 2,954.0 2,933.0 1,759.0 1,844.0
Minority interests 66.0 86.0 93.0 47.0 52.0
long term debt
(financial debts) 1,830.0 2,444.0 1,835.0 1,305.0 1,553.0
Provisions 223.0 206.0 242.0 320.0 725.0
Other non current
liabilities 789.0 678.0 827.0 528.0 112.0
Non current
liabilities 2,842.0 3,328.0 2,904.0 2,153.0 2,390.0
short term debt (financial
debts) 589.0 1,032.0 1,139.0 240.0 132.0
Trade accounts
payable 784.0 810.0 843.0 1,170.0 1,024.0
Provisions 334.0 365.0 364.0 310.0 395.0
Accruals 321.0 368.0 292.0
other accounts
payable 524.0 582.0 513.0 242.0 255.0
other current
liabilities 1,179.0 1,315.0 1,169.0 552.0 650.0
Current
liabilities 2,552.0 3,157.0 3,151.0 1,962.0 1,806.0
Shareh. equity,
min. interests + liabilities 8,174.0 9,525.0 9,081.0 5,921.0 6,092.0
Profit and loss
account
Net sales 6,076.0 6,038.0 7,370.0 7,120.0 6,614.0
Other operating
revenue 19.0 4.0 5.0 0.0 33.0
Operating revenue 6,095.0 6,042.0 7,375.0 7,120.0 6,647.0
Cost of goods sold 4,332.0 4,293.0 5,402.0 5,133.0 4,749.0
Gross profit 1,763.0 1,749.0 1,973.0 1,987.0 1,898.0
Other operating
expenses 1,356.0 1,401.0 1,513.0 1,312.0 1,918.0
Operating result 407.0 348.0 460.0 675.0 -20.0
Interest revenues 11.0 17.0 14.0 12.0 7.0
other financial
revenues 66.0 53.0 52.0 24.0 3.0
Financial income 77.0 70.0 66.0 36.0 10.0
Interest expenses 123.0 155.0 122.0 74.0 80.0
other financial
expenses 16.0 17.0 70.0 395.0 31.0
Financial expenses 139.0 172.0 192.0 469.0 111.0
Financial result -62.0 -102.0 -126.0 -433.0 -101.0
Result before
extraordinary items 345.0 246.0 334.0 242.0 -121.0
Extraordinary
income 27.0 1.0
Extraordinary expenses 318.0
Extraordinary
Result -318.0 27.0 0.0 1.0 0.0
Result before
taxes 27.0 273.0 334.0 243.0 -121.0
Taxes 22.0 35.0 83.0 52.0 73.0
Result before
minority interests 5.0 238.0 251.0 191.0 -194.0
minority interests 25.0 21.0 24.0 11.0 12.0
Result for the
financial year -20.0 217.0 227.0 180.0 -206.0
Cash flow
Depreciation 121.0 255.0 219.0 195.0 214.0
Cash flow 126.0 493.0 470.0 386.0 20.0
Cash flow from
operating activities 301.0 468.0 206.0 642.0 757.0
Investments in
tangible fixed assets 292.0 311.0 370.0 224.0 135.0
Cash flow from
investing activities 100.0 -592.0 -741.0 -961.0 -114.0
Cash flow from
financing activities -974.0 305.0 1,033.0 -62.0 140.0
Others -29.0 -8.0 -15.0 -43.0 1.0
Change in
liquidity -602.0 173.0 483.0 -424.0 784.0
Liquidity at
beginning of the year 1,372.0 1,199.0 716.0 1,140.0 356.0
Liquidity at end
ot the year 770.0 1,372.0 1,199.0 716.0 1,140.0
Notes
Cost of employees 1,651.0 1,715.0 1,623.0 1,479.0 1,555.0
Research and
Development 199.0 175.0 176.0 135.0 150.0
Added value 1,922.0 2,398.0 2,298.0 1,991.0 1,728.0
Working Capital 967.0 934.0 1,442.0 615.0 931.0
Sales per Employee 0.3 0.3 0.3 0.4 0.4
Market
capitalisation 5,414.0 3,652.0 2,742.0 4,359.2 2,812.6
Gross cost land
and buildings 2,357.0 2,230.0 2,687.0 2,405.0 2,682.0
Gross cost other
tangible fixed assets 3,342.0 3,418.0 4,559.0 3,926.0 4,348.0
Gross cost total 5,699.0 5,648.0 7,246.0 6,331.0 7,030.0
Insurance value
total 7,873.0 6,989.0 7,491.0
Full time units at
year end 18,099 21,202 22,149 16,176 17,536
Employees inland 526
Employees abroad 17,010
Name: Clariant AG
City/Country: Muttenz/BL, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: Clariant AG
City/Country: Muttenz/BL, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Clariant (Österreich)
GmbH
City/Country: Wien, Austria/AT
Interest: 100,00% voting right,
100,00% capital interest
Control date Year No. Amount CHF Status
20.03.2013 2013 0
20.03.2013 2012 0
20.03.2013 2011 0
20.03.2013 2010 0
20.03.2013 2009 0
An updated legal action check is only available
against proof of interest. e.g. a copy of an enquiry letter, and order or
invoice relating to the subject company.
Debt collection case:
FEB 2013: CHF 179.00.
OCT 2010: CHF 202.00, paid.
Financial
Statements: The company does not
disclose any financial statements. Third parties are not permitted any insight
into the financial affairs. It is therefore difficult to make a proper
assessment of the actual situation.
Financial
Situation: The financial situation
is good.
Payment
experiences: Payments are made with
arranged conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.10 |
|
|
1 |
Rs. 102.04 |
|
Euro |
1 |
Rs. 80.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
SMT |
|
|
|
|
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.