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Report Date : |
21.06.2014 |
IDENTIFICATION DETAILS
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Name : |
FLUSH COMÉRCIO IMPORTAÇÃO E EXPORTAÇÃO LTDA |
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Registered Office : |
Rua Funchal, 538 Conjunto 101 - Vila Olimpia , Zip Code 04.551-060 - São Paulo/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
09.09.2009 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importer and exporter of goods in general which include Food, Electronics, Motor Vehicles as well as Solve Business
Issues to more Complex Level. |
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No of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Brazil |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 in 2011-13.
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.
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Source : CIA |
FLUSH COMÉRCIO
IMPORTAÇÃO E EXPORTAÇÃO LTDA
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MAIN ADDRESS: |
RUA FUNCHAL, 538 CONJUNTO 101 -
VILA OLIMPIA |
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ZIP CODE/CITY: |
04.551-060 - SÃO PAULO/SP |
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PHONE: |
11 3044-4306 |
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FAX: |
11 3044-4306 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
AVENIDA CARLOS GOMES, 2470 SALA 04 - SÃO CRISTOVÃO |
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ZIP CODE/CITY: |
76804-022 PORTO VELHO/RO |
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PHONE: |
69 3223-9151 |
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CNPJ: |
11.138.342/0002-70 |
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ADDRESS: |
RUA FERNANDES SILVA, 38 - BRAS |
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ZIP CODE/CITY: |
03005-010 SAO PAULO/SP |
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MAIN ACTIVITIES: |
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IMPORTer AND EXPORTer OF GOODS IN GENERAL which include food,
electronics, motor vehicles as well as solve business issues to more complex
level. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
09/09/2009 |
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REGISTER DATE: |
09/09/2009 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
11.138.342/0001-99 |
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STATE REGISTER: |
148.784.191.119 |
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SHARE CAPITAL: |
R$ 316.500,00 |
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BOARD OF
DIRECTORS: |
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TELMA ELIZABETE BARBOSA CONCEIÇAO |
MANAGING PARTNER |
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ALEXANDRE CORREA LIMA |
MANAGING PARTNER |
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THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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TELMA ELIZABETE BARBOSA CONCEIÇAO |
R$ 52.500,00 |
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ALEXANDRE CORREA LIMA |
R$ 263.500,00 |
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AFFILIATES /
SUBSIDIARIES: |
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A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR
PARTNERS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
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BARCON CONSULTORIA TÉCNICA SS LTDA - ME |
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IMPORTADORA E EXPORTADORA GURIRI LTDA |
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THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 09, 2009 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. Importer and exporter of goods in general which include Food, Electronics, Motor Vehicles as well as Solve
Business Issues to more Complex Level. TRADE NAME: "FLUSH" PARTNERS: ALEXANDRE CORREA LIMA: BRAZILIAN, SINGLE, HOLDER OF DOCUMENTS CPF
288.898.318-47, RG 33.817.617-9
SSP/SP, RESIDENTIAL ADDRESS AT RUA VISCONDE DE TAUNAY 443, APTO 32,
SAO PAULO/SP. TELMA ELIZABETE BARBOSA CONCEIÇAO: BRAZILIAN, DIVORCED, HOLDER OF
DOCUMENTS CPF 130.312.218-93, RG 18.283.395-1
SSP/SP, RESIDENTIAL ADDRESS AT RUA VISCONDE DE TAUNAY 443, APTO 32,
SAO PAULO/SP. REMARKS: -------- WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING
FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO
COMPLETE THIS REPORT. A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE
DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE
SENT TO YOUR ATTENTION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR
DATABASE AND OFFICIAL. |
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NO DETRIMENTAL FILES WERE FOUND. |
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DUE TO ITS LEGAL FORM SUBJECT IS NOT OBLIGED TO PUBLISH BALANCE SHEET
INFORMATION. WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED NO BALANCE SHEET
INFORMATION IS AVAILABLE. THE SUBJECT FILES THE ACCOUNTS THROUGH AN ACCOUNTANCY PROCEEDING NAMED
"LUCRO PRESUMIDO" (PRESUMED PROFIT) WHICH EXEMPTS IT OF BUILDING UP
BALANCE SHEET OR ANY OTHER BOOKING PROCEEDINGS WHICH ARE USUAL FOR COMPANIES
WHICH FILE ACCOUNTS THROUGH THE ACCOUNTANCY PROCEEDING NAMED "LUCRO
REAL" (REAL PROFIT). OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA
ABOUT THE SUBJECT. |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 2,24 |
- OFFICIAL RATE ON 17/06/2014 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL DATA WE ARE NOT ABLE TO ACCESS THE SUBJECT
FINANCIAL STANDING BY THE USUAL STANDARDS. ACCORDING TO THE RULES OF THE ACCOUNTANCY PROCEEDING FOLLOWED BY THE
SUBJECT, IT COLLECTS THE TAXES, WHICH ARE DUE OVER THE GROSS SALES AMOUNT.
THE TAXES SHOULD BE COLLECTED EITHER WITH PROFIT OR LOSS AT THE END OF THE
FISCAL YEAR. REGARDING THE RULES OF THE ABOVE SAID PROCEEDING IT MAY BE POSSIBLE TO
STATE THAT COMPANIES WHICH FILE ACCOUNTS THROUGH THIS PROCEEDING ARE
PROFITABLE COMPANIES. IT IS STATED BECAUSE THE MAIN DIFFERENCE OF THE
PROCEEDING NAMED "LUCRO REAL" AND THE ONE NAMED "LUCRO
PRESUMIDO" IS THAT IN THE FIRST THE COMPANY ONLY PAYS INCOME TAX WHEN IT
HAS PROFIT AT THE END OF THE FISCAL YEAR, WHILE IN THE LAST THE COMPANY PAYS
INCOME TAX REGARDLESS IT HAS PROFIT OR LOSS. THEREFORE, IF ANY COMPANY WHICH
ADOPTS THE "PRESUMED PROFIT" PROCEEDING WAS NOT PROFITABLE IT WOULD
BE A BETTER OPTION TO FILE ACCOUNTS THROUGH THE "LUCRO REAL"
PROCEEDING BECAUSE IN THIS PROCEEDING TAXES ARE DUE ONLY WHEN PROFITABLE
RESULTS ARE MET. IN CASE OF LOSSES NO INCOME TAX IS DUE. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
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NOT AVAILABLE. |
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NOT AVAILABLE. |
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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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
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IMPORT AND EXPORT OF GOODS IN GENERAL. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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NOT AVAILABLE. |
EXPORTS TO:
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NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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NOT AVAILABLE. |
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STAFF: |
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NOT AVAILABLE |
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THE SUBJECT WAS ESTABLISHED IN 2009. SO FAR IT HAS A CLEAR TRADE
HISTORY AND MODEST PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO
DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER
OF TRADE CREDIT FACILITIES. |
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MAIN SUPPLIERS: |
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DOMESTIC SUPPLIERS: |
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NOT AVAILABLE. |
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PAYMENT HISTORY: |
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01 SUPPLIER REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 282,00 |
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AMOUNT OF INVOICES PAID: 2 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 158,00 |
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HIGHEST CREDIT: R$ 158,00 |
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BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR
NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON
FULLY SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.28 |
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UK Pound |
1 |
Rs.102.77 |
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Euro |
1 |
Rs.82.12 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.