MIRA INFORM REPORT

 

 

Report Date :

02.06.2014

 

IDENTIFICATION DETAILS

 

Name :

BEST GREEN-EQUIPAMENTOS DE PROTECCAO E SEGURANCA LDA

 

 

Registered Office :

Zona Industrial Da Palhaça, Lote 14/B, Palhaca, Postal Code 3770-355-Oliveira Do Bairro, Oliveira Do Bairro, Aveiro district

 

 

Country :

Portugal

 

 

Financials (as on) :

2012

 

 

Date of Incorporation :

14.04.2008

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Engaged in wholesaling of clothing and accessories

·         Engaged in marketing of equipment, footwear as well as protective and safety clothing, hygiene products and cleaning

 

 

No of Employees :

04

 

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Portugal

B1

B1

 

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

 

 

pORTUGAL ECONOMIC OVERVIEW

 

Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. Over the following two decades, successive governments privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country qualified for the Economic and Monetary Union (EMU) in 1998 and began circulating the euro on 1 January 2002 along with 11 other EU members. The economy grew by more than the EU average for much of the 1990s, but the rate of growth slowed in 2001-08. The economy contracted in 2009, and fell again from 2011 to 2013, as the government implemented spending cuts and tax increases to comply with conditions of an EU-IMF financial rescue package, signed in May 2011. Austerity measures also have contributed to record unemployment and a wave of emigration not seen since the 1960s. Booming exports will contribute to growth and employment in 2014, but the need to continue to reduce private- and public-sector debt could weigh on consumption and investment. The government of Pedro PASSOS COELHO has stated its intention to reduce labor market rigidity, and, this, along with steps to trim the budget deficit, could make Portugal more attractive to foreign investors. The government reduced the budget deficit from 10.1% of GDP in 2009 to 5.1% in 2013, lower than the EU-IMF fiscal target of 5.5%. Despite these efforts, public debt has continued to grow and, in 2013, stands among the highest in the EU. As a result, the government may have difficulty regaining full bond market financing when the EU-IMF financing program expires in May 2014.

 

Source : CIA

 

Identification

 

Name

BEST GREEN-EQUIPAMENTOS DE PROTECCAO E SEGURANCA LDA

V.A.T. Number / NIF

508544572

Address

Zona Industrial Da Palhaça, Lote 14/B

Locality

Palhaca

Postal Code

3770-355-Oliveira Do Bairro

Municipality

Oliveira Do Bairro

District

Aveiro

Telephone

234756213

Fax

234756215

E-Mail

geral@bestgreen.pt

Web Site

www.bestgreen.pt

C.A.E.(Rev 3)

·         Engaged in wholesaling of clothing and accessories

·         Engaged in marketing of equipment, footwear as well as protective and safety clothing, hygiene products and cleaning

 

 

Actual Condition
In activity

Payments
Good

Incidents
There are no record of commercial incidents

 

 

Financial Highlights

 

 

2010

2011

2012

Net Sales

203.704,81

197.169,97

207.516,57

Net Income For the Year

(18.661,85)

2.537,21

2.789,38

Shareholders Funds

77.275,52

79.812,73

82.602,11

Stocks

65.875,50

195.875,50

235.895,85

LIABILITY

224.516,63

377.497,32

417.597,23

ASSETS

301.792,15

457.310,05

500.199,34

 

Business Concept

 

Consulted sources say that the subject has been respecting its payments and commercial commitments, so credit connections with this company are recommended.

 

 

 

Summary

 

Legal Form

Private Limited Company

Constitution

14-04-2008

V.A.T. Number / NIF

508544572

Employees

4

Capital

100.000,00

Sales in : 31-12-2012

207.516,57

Shareholders Funds in: 31-12-2012

82.602,11

Payments

Good

Actual Condition

In activity

 

 

Management Bodies

 

ISABEL SIMOES FERREIRA PIRES

Managing-Partner

JOAO GONCALVES FERREIRA PIRES

Managing-Partner

 

 

Capital

 

The Capital is 100.000,00

 

with the following distribution

 

ISABEL SIMOES FERREIRA PIRES

50.000,00

50%

JOAO GONCALVES FERREIRA PIRES

50.000,00

50%

 

 

Biographies

 

 

Name

ISABEL SIMOES FERREIRA PIRES

Function

Managing-Partner

Address

Rua da Fonte Vila Nova, n.º 11

Locality

Palhaca

Civil State

Married

Consort

João Gonçalves Ferreira Pires

Professional Connections

The subject has connections with the following company (ies)

NICRODUR-ACESSORIOS E EQUIPAMENTOS DE MANUTENCAO INDUSTRIAL LDA as Managing-Partner with a participation of 300.000,00 , in a capital of 600.000,00 .

RUAS EPICAS-IMOVEIS LDA as Managing-Partner with a participation of 37.500,00 , in a capital of 150.000,00 .

Name

JOAO GONCALVES FERREIRA PIRES

Function

Managing-Partner

Address

Rua Fonte Vila Nova, n.º 11

Locality

Palhaca

Birth Date

24/06/1964

Civil State

Married

Consort

Isabel Simões Ferreira Pires

Professional Connections

The subject has connections with the following company (ies)

NICRODUR-ACESSORIOS E EQUIPAMENTOS DE MANUTENCAO INDUSTRIAL LDA as Managing-Partner with a participation of 300.000,00 , in a capital of 600.000,00 .

RUAS EPICAS-IMOVEIS LDA as Managing-Partner with a participation of 112.500,00 , in a capital of 150.000,00 .

 

 

Activities

 

 

Line of Business

Percentage

·         Engaged in wholesaling of clothing and accessories

·         Engaged in marketing of equipment, footwear as well as protective and safety clothing, hygiene products and cleaning

100%


Type of Clients

Private Companies

Sales Conditions

Cash/credit

 

 

Geographic Distribution of Sales

 

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2012

207.516,57

100,00%

0,00

0,00%

0,00

0,00%

207.516,57

2011

197.169,97

100,00%

0,00

0,00%

0,00

0,00%

197.169,97

2010

203.704,81

100,00%

0,00

0,00%

0,00

0,00%

203.704,81

 

Geographic Distribution of Purchases

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2012

145.057,79

100,00%

-

-

-

-

145.057,79

2011

22.283,33

14,57%

130.637,75

85,43%

-

-

152.921,08

2010

6.977,22

7,85%

-

-

81.860,26

92,15%

88.837,48

Source: IES

Banks and Financial Institutions

 

 

BANCO BPI, SA

Palhaça

 

 

Incidents

 

There are no of incidents on our database

 

 

Employees

 

Year

Total

Men

Women

 

2012

4

3

75%

1

25%

2011

4

3

75%

1

25%

2010

3

2

67%

1

33%

Source: IES

 

Head Office and Installations

 

 

Head office and warehouse Zona Industrial da Palhaça, Lote 14/B, Palhaca, 3770-355, OLIVEIRA DO BAIRRO, Tel:234756213, Fax:234756215

 

Financial Demonstration SNC

Balance Sheet SNC

CoinEUROS

Year:2012

 

2012

2011

2010

% Var.2012/2011

 

ASSET

Non-current assets

Tangible fixed assets

37.380,56

29.880,56

35.792,29

25,10

Intangible assets

547,04

547,04

547,04

Total

37.927,60

30.427,60

36.339,33

24,65

Current assets

Inventories

235.895,85

195.875,50

65.875,50

20,43

Costumers

119.064,21

117.513,37

119.908,06

1,32

Advances to suppliers

9.900,39

State and other public entities

1.883,08

1.676,26

553,27

12,34

Deferrals

32.704,46

Other current assets

33.388,84

35.897,31

Cashier and bank deposits

62.823,75

78.428,48

43.218,68

(19,90)

Total

462.271,74

426.882,45

265.452,82

8,29

TOTAL ASSET

500.199,34

457.310,05

301.792,15

9,38

SHAREHOLDERS FUNDS AND LIABILITIES

SHAREHOLDERS FUNDS

Capital

100.000,00

100.000,00

100.000,00

Legal reserves

126,86

Net retained

(20.314,13)

(22.724,48)

(4.062,63)

(10,61)

Total

79.812,73

77.275,52

95.937,37

3,28

Net income for the period

2.789,38

2.537,21

(18.661,85)

9,94

TOTAL OF SHAREHOLDERS FUNDS

82.602,11

79.812,73

77.275,52

3,49

LIABILITY

Non-current liiabilities

Financing obtained

382.888,72

335.550,19

203.189,59

14,11

Other payable accounts

2.475,00

2.475,00

2.940,00

Total

385.363,72

338.025,19

206.129,59

14,00

Current liabilities

Suppliers

17.353,58

29.055,80

6.201,26

(40,27)

State and other public entities

14.879,93

10.416,33

12.185,78

42,85

Total

32.233,51

39.472,13

18.387,04

(18,34)

TOTAL LIABILITIES

417.597,23

377.497,32

224.516,63

10,62

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

500.199,34

457.310,05

301.792,15

9,38

INCOME STATEMENT

INCOME AND EXPENSES

Sales and services

207.516,57

197.169,97

203.704,81

5,25

Cost of goods sold and materials consumed

105.037,44

22.921,08

86.280,73

358,26

Suppliers and external services

43.477,17

65.393,10

54.330,38

(33,51)

Personnel costs

59.394,08

106.982,38

83.432,02

(44,48)

Other income and gains

6.085,26

10.595,48

2.209,97

(42,57)

Other expenses and losses

2.664,45

266,53

294,91

899,68

Result before depreciation, financing costs and taxes

3.028,69

12.202,36

(18.423,26)

(75,18)

Expenses/reversals of depreciation and amortization

6.911,73

Operating result (before financing costs and taxes)

3.028,69

5.290,63

(18.423,26)

(42,75)

Interest and similar income obtained

2,72

interest and similar expenses incurred

4,98

2.753,42

241,31

(99,82)

Net before taxes

3.023,71

2.537,21

(18.661,85)

19,17

Income tax of the period

234,33

Net profit for the period

2.789,38

2.537,21

(18.661,85)

9,94

 

RATIOS SNC

 

Closing Date

2012

2011

2010

 

 

TURNOVER RATIOS

Shareholder's Funds Profitability

0,034

0,032

(0,241)

Assets Profitability

0,006

0,012

(0,061)

Sales Net Profitability

0,013

0,013

(0,092)

EFFICIENCY RATIOS

Medium Term Receivable

209,421

217,54

214,852

Asset Rotation

0,415

0,431

0,675

PRODUCTIVITY RATIOS

Productivity

1,725

1,629

1,407

SHORT TERM RATIOS

General Liquidity

14,341

10,815

14,437

Reduced Liquidity

7,023

5,852

10,854

Immediate Liquidity

1,949

1,987

2,35

MEDIUM LONG TERM RATIOS

Financial Autonomy

0,165

0,175

0,256

Solvability

0,198

0,211

0,344

Borrowed Capital Structure

0,077

0,105

0,082

General Debt

4,635

4,204

2,629

Medium Long Term Debt

4,635

4,204

2,629

Debt Structure

0,077

0,105

0,082

Capital Structure

0,214

0,236

0,375

Operational and Financial Risk

Operational Leverage Level

33,836

32,935

(6,374)

Financial Leverage Level

1,002

2,085

0,987

Combined Leverage Level

33,904

68,669

(6,291)

 

 

CASH FLOWS

 

Movimentos do Periodo de 2012

Rubrics

Initial balance

Debits

Credits

Final balance

 

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

Cash in hand

-

-

-

0,00

Order deposits

-

-

-

0,00

Other bank deposits

-

-

-

0,00

Total cash at bank and bank deposits

0,00

0,00

0,00

0,00

Of which: Bank deposits abroad

-

-

-

0,00

 

 

Rubrics  Value

 

 

OTHER INFORMATION

 

Receipts from:

 

Non-life insurance claims

-

Operating subsidies

-

Cash at bank and its equivalents not available for use

-

 

 

ASSETS IMPAIRMENT

 

Movimentos do Periodo de 2012

Impairment losses

Impairment losses reversals

Rubrics

Recognized in profit and loss

On revalued assets recognized in equity

Total

Recognized in profit and loss

Recognized in Equity

Total

 

Individual assets

 

Fixed tangible assets

0,00

-

-

0,00

-

-

Goodwill

0,00

0,00

-

-

0,00

0,00

Intangible assets

0,00

-

-

0,00

-

-

Investment properties (cost model)

0,00

0,00

-

0,00

0,00

-

Investments in progress

0,00

0,00

-

0,00

0,00

-

Financial investments

0,00

0,00

-

0,00

0,00

-

TOTAL

of which: cash-generating units

0,00

0,00

-

0,00

0,00

-

 

 

GOVERNMENT GRANTS AND GOVERNMENT ASSISTANCE

 

 

Grants from State and other public bodies

Grants from other entities

Rubrics

Value assigned in the period or in previous periods

Value attributed to the period

Value assigned in the period or in previous periods

Value attributed to the period

 

Grants related to assets/investment:

0,00

0,00

0,00

0,00

Fixed tangible assets

0,00

0,00

0,00

0,00

Land and Natural Resources

-

-

-

-

Buildings and other structures

-

-

-

-

Basic equipment

-

-

-

-

Transport equipment

-

-

-

-

Office equipment

-

-

-

-

Biological equipment

-

-

-

-

Others

-

-

-

-

Intangible assets

0,00

0,00

0,00

0,00

Development projects

-

-

-

-

Computer programmes

-

-

-

-

Industrial property

-

-

-

-

Others

-

-

-

-

Other assets

-

-

-

-

Grants related to income / operating

-

-

-

-

Value of repayments in the period:

0,00

0,00

0,00

0,00

Grants related to assets/investment

-

-

-

-

Grants related to income / operating

-

-

-

-

TOTAL

0,00

0,00

0,00

0,00

 

IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST

 

Movimentos do Periodo de 2012

Rubrics

Impairment losses

Impairment losses reversals

Total

 

Receivable debts from customers

-

-

0,00

Other receivables

-

-

0,00

Equity instruments and other securities

-

-

0,00

Others

-

-

0,00

TOTAL

0,00

0,00

0,00

 

 

DEBTS REGISTERED AS DOUBTFUL

 

 

Rubrics

Value

 

Regarding insolvency and company recovery procedures or enforcement procedures

-

Claimed in court

-

In arrears:

0,00

Over six months and up to twelve months

-

Over twelve months and up to eighteen months

-

Over eighteen months and up to twenty four months

-

Over twenty four months

-

TOTAL

0,00

 

 

EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS

 

 

Rubrics

Average number of employees

Average number of hours worked

 

Company employees, paid and unpaid

4

7.040

Paid company employees

4

7.040

Company UNPAID employees

0

0

Company employees, by type of working hours

Full time company employees

4

7.040

Of which: Full time company employees

4

7.040

Part time company employees

-

-

Of which: Part time company employees

-

-

Company employees, by gender:

Men

3

5.280

Women

1

1.760

Company employees, of which:

Company employees assigned to Research and Development

-

-

Service providers

-

-

People placed through temporary employment agencies

-

-

 

 

Staff costs

 

 

Rubrics

Value

 

Staff costs

59.394,08

Governance Bodies Remuneration

-

Of which: Profit-sharing

-

Employees remuneration

47.530,00

Of which: Profit-sharing

-

Post-employment benefits

0,00

Pension premiums

-

Other benefits

-

Of which:

-

For defined contribution plans - corporate bodies

-

For defined contribution plans - others

-

Compensations

11.297,41

Charges on remunerations

566,67

Insurance for accidents at work and professional diseases

-

Social security expenses

-

Other staff costs

-

Of which:

-

 

 

INFORMATION BY GEOGRAPHIC MARKETS

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

207.516,57

-

-

207.516,57

Services provided

-

-

-

0,00

Purchases

145.057,79

-

-

145.057,79

Supplies and external services

43.477,17

-

-

43.477,17

Acquisition of fixed tangible assets

7.500,00

-

-

7.500,00

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

-

-

-

0,00

Supplementary income:

0,00

0,00

0,00

0,00

Social services

-

-

-

0,00

Equipment rental

-

-

-

0,00

Studies, projects and technological assistance

-

-

-

0,00

Royalities

-

-

-

0,00

Others

-

-

-

0,00

Memorandum: Sales and services provided (undiscounted values)

-

-

-

0,00

Memorandum: Purchases and supplies and external services (undiscounted values)

-

-

-

0,00

 

 

RECEIVABLE AND PAYABLE ACCOUNTS

 

 

Rubrics

2012

2011

PERIODS

 

Customers

 

Trade accounts receivable

119.064,21

117.513,37

1,32%

Trade notes receivable

-

-

-

Advances received from customers

-

-

-

Suppliers

Trade accounts payable

7.453,19

29.055,80

(74,35)%

Trade notes payable

-

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advances to suppliers

-

-

-

Staff

Payable remunerations

-

-

-

Advanced payments

-

-

-

Bonds

-

-

-

Other operations

-

-

-

State and other public sector institutions

Income Tax

1.414,42

1.676,26

(15,62)%

Deductible IVA (debt cumulative amounts)

45.545,84

49.246,04

(7,51)%

Paid IVA (credit cumulative amounts)

77.180,06

79.155,37

(2,50)%

Shareholders / partners

Shareholders with subscription

-

-

-

Unreleased quotas

-

-

-

Advances for profits

-

-

-

Allocated results

From the perspective of the entity distributing profits

-

-

-

From the perspective of the entity with allocated profits

-

-

-

Available profits

From the perspective of the entity distributing profits

-

-

-

From the perspective of the entity with allocated profits

-

-

-

Granted loans - parent company

-

-

-

Granted loans - subsidiary companies, associated companies and joint ventures

-

-

-

Granted loans - other shareholders/partners

-

-

-

Of which: Participating companies

-

-

-

Other operations

Debit status

-

-

-

Credit status

-

-

-

Other receivable and payable accounts

Investment providers - general accounts

-

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advanced payments to investment providers

-

-

-

additional income - Debtors

-

-

-

additional expenses - Creditors

2.475,00

2.475,00

0,00%

Deferred tax assets

-

-

-

Deferred tax liabilities

-

-

-

Unreleased subscriptions - Creditors

-

-

-

Advances received on account of sales

-

-

-

Other debtors and creditors

Other debtors

-

-

-

Other creditors

-

-

-

 

 

EXPENSE ACCOUNTS

 

 

Rubrics

2012

2011

PERIODS

 

Supplies and external services

43.477,17

65.393,10

(33,51)%

Subcontracts

-

-

-

Specialized services

31.046,13

38.278,76

(18,89)%

Specialized works

1.217,84

997,40

22,10%

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

1.141,20

2.819,30

(59,52)%

Surveillance and security

-

-

-

Fees

28.241,82

32.552,43

(13,24)%

Comissions

-

-

-

Maintenance and repairs

4,50

1.683,80

(99,73)%

Others

440,77

225,83

95,18%

Materials

698,56

1.777,64

(60,70)%

Fast wear tools and utensils

162,52

-

-

Books and technical documentation

-

19,55

-

Office material

483,04

950,67

(49,19)%

Gift items

-

636,91

-

Others

53,00

170,51

(68,92)%

Energy and fluids

-

7.173,42

-

Electricity

-

-

-

Fuels

-

7.173,42

-

Water

-

-

-

Others

-

-

-

Travel, lodging and transportation

8.391,11

14.782,67

(43,24)%

Travel and lodging

2.590,90

8.182,59

(68,34)%

Transport of personnel

-

-

-

Transport of goods

5.800,21

6.600,08

(12,12)%

Others

-

-

-

Different services

3.341,37

3.380,61

(1,16)%

Rents and leases

323,28

548,20

(41,03)%

Of which: Rents from land

-

-

-

Communication

1.895,63

1.428,26

32,72%

Insurance

564,76

566,60

(0,32)%

Royalties

-

-

-

Litigation and Notaries

85,00

157,50

(46,03)%

Representation expenses

472,70

680,05

(30,49)%

Cleaning, hygiene and comfort

-

-

-

Other services

-

-

-

 

 

Deliberation of Approval of Accounts

 

 

Were the financial year's accounts approved?

YES

Data da Aprovação: 25-03-2013

By (Unanimity/Majority):

Unanimity

Percentage of issued votes related to the share capital subscribed with voting right

100

The accounts were approved:

In general meeting regularly convoked

The accounts were approved:

In POC/SNC/NCM (National Plan of Accounts/Accounting Normalization System/Accounting Normalization for micro entities)

 

PROFIT APLICATION ACCORDING TO THE DELIBERATION THAT APPROVED THE FINANCIAL YEAR'S ACCOUNTS

 

Rubrics

2012

2011

 

Retained earnings

(17.524,75)

(20.187,27)

Allocated results / Available profits

-

-

Percentages or bonuses to managing bodies

-

-

Ditto to staff

-

-

Reserves

126,86

-

Coverage of losses

-

-

7. Others

-

-

BALANCE (1-2-3-4-5-6-7)

(17.651,61)

(20.187,27)

 

 

Management Report / Assessment of the Inspection Body / Legal Certification of Accounts

 

MANAGEMENT REPORT

Were the Management Report and financial year's accounts prepared?

YES

Were the management report and the financial year's accounts signed by all members of the management / administration?

YES

ASSESSMENT OF THE INSPECTION BODY

The entity has an inspection body?

NO

Has the inspection body issued an assessment?

Information Available

The inspection body pronounced:

Information Available

LEGAL CERTIFICATION OF ACCOUNTS (CLC)

Is the entity required to have certified accounts by a Statutory Auditor/Statutory Audit Firm?

NO

Identificação do ROC:

Was the Legal certification of accounts issued?

Information Available

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.03

UK Pound

1

Rs.98.91

Euro

1

Rs.80.33

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

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.