|
Report Date : |
23.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
FLOWER GLOVES S.R.L. |
|
|
|
|
Registered Office : |
Via Monte Fiorino,13 37057- San Giovanni Lupatoto (VR) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
10.07.1985 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees |
From 71 to 90 |
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) |
|
Italy |
A2 |
A2 |
|
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 |
ITALY ECONOMIC OVERVIEW
Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is higher. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, topping 133% of GDP in 2013, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2013 economic growth and labor market conditions deteriorated, with growth at -1.8% and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007 pre-crisis level
|
Source
: CIA |
FLOWER GLOVES S.R.L.
Via Monte Fiorino, 13
37057 - San Giovanni Lupatoto (VR) -IT-
|
Fiscal Code |
: |
01747140232 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
10/07/1985 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
15.500.000/18.000.000 |
|
Number of Employees |
: |
from 71 to 90 |
Manufacture of workwear
Wholesale of various non-food consumer goods n.e.c.
Legal Form : Limited liability company
|
Fiscal Code : 01747140232 |
|
Foreign Trade Reg. no. : 4998 of Verona since 27/11/1991 |
|
Foreign Trade Reg. no. : 004998 of Verona since 27/11/1991 |
|
Chamber of Commerce no. : 194192 of Verona since 07/02/1985 |
|
Firms' Register : VR091-20316 of Verona since 19/02/1996 |
|
V.A.T. Code : 01747140232 |
|
R. E. C. no. : 41285 of Verona since 10/07/1985 |
|
R. E. C. no. : 0041285 of Verona since 10/07/1985 |
|
Tribunal Co. Register : 20316 of |
|
Foundation date |
: 15/01/1985 |
|
|
Establishment date |
: 15/01/1985 |
|
|
Start of Activities |
: 10/07/1985 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 1.456.981 |
|
|
Subscribed Capital |
: 1.456.981 |
|
|
Paid up Capital |
: 1.456.981 |
|
Bonafini |
Matteo |
|
Born in Verona |
(VR) |
on 02/03/1977 |
- Fiscal Code : BNFMTT77C02L781L |
|
Residence: |
Dei Tigli |
, 5 |
- 37057 |
San Giovanni Lupatoto |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Assistant board Chairman |
12/10/2009 |
||
|
Director |
12/10/2009 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Bonafini |
Enrico |
|
Born in Verona |
(VR) |
on 10/06/1974 |
- Fiscal Code : BNFNRC74H10L781V |
|
Residence: |
Francesco Paiola |
, 27 |
- 37127 |
Verona |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Assistant board Chairman |
12/10/2009 |
||
|
Director |
12/10/2009 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Bonafini |
Sergio |
|
Born in San Giovanni Lupatoto |
(VR) |
on 17/02/1943 |
- Fiscal Code : BNFSRG43B17H924X |
|
Residence: |
Coltro Dino |
, 4 |
- 37059 |
Zevio |
(VR) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
12/10/2009 |
||
|
Board Chairman |
12/10/2009 |
|
No Prejudicial events are reported |
|
No Protests registered |
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have holded positions.
|
Bonafini |
Sergio |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
F.lli Bonafini Di Bonafini Sergio E C. S.a.s. |
San Giovanni Lupatoto (VR) - IT - |
01818380238 |
Sole Director |
Withdrawn |
Registered |
|
F.lli Bonafini Di Bonafini Sergio E C. S.a.s. |
San Giovanni Lupatoto (VR) - IT - |
01818380238 |
General Partner |
Active |
Registered |
|
Bonafini |
Matteo |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
F.lli Bonafini Di Bonafini Sergio E C. S.a.s. |
San Giovanni Lupatoto (VR) - IT - |
01818380238 |
Limited Partner |
Active |
Registered |
|
Step S.r.l. |
San Giovanni Lupatoto (VR) - IT - |
03976080238 |
Director |
Active |
Registered |
|
Bonafini |
Enrico |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
F.lli Bonafini Di Bonafini Sergio E C. S.a.s. |
San Giovanni Lupatoto (VR) - IT - |
01818380238 |
Limited Partner |
Active |
Registered |
The indication "REGISTERED" as Firm Status could refer to Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we advise to request further investigations.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Bonafini Sergio |
Zevio - IT - |
BNFSRG43B17H924X |
786.769 .Eur |
54,00 |
|
Bonafini Matteo |
San Giovanni Lupatoto - IT - |
BNFMTT77C02L781L |
335.105 .Eur |
23,00 |
|
Bonafini Enrico |
Verona - IT - |
BNFNRC74H10L781V |
335.105 .Eur |
23,00 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
Euro Castings S.p.a. |
Reggio Emilia - IT - |
00128430352 |
32 .Eur |
0,01 |
Active |
||
|
Step S.r.l. |
San Giovanni Lupatoto - IT - |
03976080238 |
25.000 .Eur |
50,00 |
Active |
||
|
Consorzio Della Moda |
Mozzecane - IT - |
03081990230 |
Active |
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
since 15/01/1985 |
|
Monte Fiorino |
, 13 |
- 37057 |
- San Giovanni Lupatoto |
(VR) |
- IT - |
|
Total Surface: 195 Sq.mt. |
|
PHONE |
: 0458750888 |
|
FAX |
: 0458750660 |
|
- |
Branch |
(Industrial workshop) |
since 09/01/2003 |
|
Monte Fiorino |
, 19 |
- 37057 |
- San Giovanni Lupatoto |
(VR) |
- IT - |
|
Employees |
: 71 |
|
Fittings and Equipment for a value of 63.000 |
Eur |
|
Stocks for a value of 8.980.000 |
Eur |
|
Furniture and fittings for a value of 440.000 |
Eur |
|
Vehicles for a value of 83.000 |
Eur |
Sales: direct or by agents without warehouse.
Sales are on an international scale.
The firm operates abroad as importer..
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents up to 20% of the global turnover.
Import comes generally from the following nations:
|
- Belgium |
|
- Austria |
|
- France |
|
- Italy |
|
- Hungary |
|
- Bulgaria |
|
- Germany |
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
General partnership |
Limited liability company |
21/08/1990 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Flower Gloves di Bonafini Silvano eamp; C. S.n.c. |
21/08/1990 |
EX-MEMBERS / EX-POSITIONS:
|
De Salvia |
Erica |
|
Born in San Giovanni Rotondo |
(FG) |
on 09/08/1970 |
- Fiscal Code : DSLRCE70M49H926E |
|
Residence: |
Dott. Antonio Zenati |
, 3 |
- 37100 |
Verona |
(VR) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Brunello |
Giancarlo |
|
Born in Verona |
(VR) |
on 31/10/1942 |
- Fiscal Code : BRNGCR42R31L781T |
|
Residence: |
San Salvatore Vecchio |
, 5 |
- 37121 |
Verona |
(VR) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
Merighi |
Giorgio |
|
Born in Agordo |
(BL) |
on 24/04/1933 |
- Fiscal Code : MRGGRG33D24A083K |
|
Residence: |
Moron |
, 3 |
- 37024 |
Negrar |
(VR) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Perbellini |
Coriolano |
|
Born in San Giovanni Lupatoto |
(VR) |
on 14/07/1944 |
- Fiscal Code : PRBCLN44L14H924B |
|
Residence: |
Gianbattista Moschini |
, 17 |
- 37129 |
Verona |
(VR) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Temporary Auditor |
|
Aldegheri |
Elio |
|
Born in Verona |
(VR) |
on 23/09/1940 |
- Fiscal Code : LDGLEI40P23L781D |
|
Residence: |
Sirtori |
, 4/D |
- 37128 |
Verona |
(VR) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
Marangoni |
Angelo |
|
Born in Verona |
(VR) |
on 24/06/1936 |
- Fiscal Code : MRNNGL36H24L781P |
|
Residence: |
Castelvecchio |
, 3 |
- 37100 |
Verona |
(VR) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Bonafini |
Sergio |
|
Born in San Giovanni Lupatoto |
(VR) |
on 17/02/1943 |
- Fiscal Code : BNFSRG43B17H924X |
|
Residence: |
Coltro Dino |
, 4 |
- 37059 |
Zevio |
(VR) |
- IT - |
|
Ex-Postions |
|
Board Chairman |
|
Managing Director |
|
Assistant board Chairman |
|
Director |
|
Vice-Chairman |
|
Partner |
|
Bonafini |
Radames |
|
Born in SAN GIOVANNI LUPATOTO |
(VR) |
on 14/12/1943 |
- Fiscal Code : BNFRMS41T14H924W |
|
Residence: |
TORRICELLO |
, III |
- 37059 |
Zevio |
(VR) |
- IT - |
|
Ex-Postions |
|
Managing Director |
|
Board Chairman |
|
Director |
|
Chairman |
|
Partner |
|
Bonafini |
Silvano |
|
Born in San Giovanni Lupatoto |
(VR) |
on 14/10/1945 |
- Fiscal Code : BNFSVN45R14H924I |
|
Ex-Postions |
|
Partner |
Protests checking on the subject firm has given a negative result.
Search performed on a National Scale
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest received edition of the Official Publications.
Subject is active since 1985
Balance sheets for the years 2010, 2011 and 2012 were analyzed.
During the last years, it achieved profits (r.o.e. 3,11% on 2012)
The return on Investment in the last financial year was positive (3,87%) falling within the field's average.
The amount of the operating result for the year 2012 is of Eur. 937.707 on stable levels if compared to the previous year.
A gross operating margine for a value of Eur. 1.367.851 was reached. with a 20,54% increase as opposed to the preceding year.
The financial status of the company is fairly balanced with an indebtedness level of 2,92 and decreasing as against 2011.
The equity capital is equal to Eur. 4.549.220 on stable levels.
In the year 2012 total debts amounted to Eur. 17.604.084 on the same levels as the year before.
Financial debts as well as debts to suppliers are rather high however still within the sector's average.
Liquidity is good (1,3)
Trade credits average terms are slow, on average 164,25 days. even higher than the average of the specific sector.
2012 financial year closed with a cash flow of Eur. 555.488
Labour cost amounts to Eur. 2.951.882, with a 17,76% incidence on production costs. , whereas the incidence of such costs on sales revenues is equal to 16,73%.
The financial management is marked by a high incidence of financial charges in relation to sales revenues (-3,51%).
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
17.643.111 |
|
Profit (Loss) for the period |
141.677 |
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
19.019.080 |
|
Profit (Loss) for the period |
53.737 |
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
19.584.761 |
|
Profit (Loss) for the period |
115.700 |
From our constant monitoring of the relevant Public Administration offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/12/2012 |
as at 31/12/2011 |
as at 31/12/2010 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,27 |
0,22 |
0,24 |
0,09 |
|
Elasticity Ratio |
Units |
0,72 |
0,77 |
0,75 |
0,89 |
|
Availability of stock |
Units |
0,37 |
0,37 |
0,37 |
0,26 |
|
Total Liquidity Ratio |
Units |
0,35 |
0,40 |
0,37 |
0,54 |
|
Quick Ratio |
Units |
0,01 |
0,08 |
0,01 |
0,03 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
2,92 |
3,17 |
3,71 |
3,95 |
|
Self Financing Ratio |
Units |
0,19 |
0,16 |
0,17 |
0,17 |
|
Capital protection Ratio |
Units |
0,65 |
0,66 |
0,64 |
0,62 |
|
Liabilities consolidation quotient |
Units |
0,37 |
0,38 |
0,22 |
0,10 |
|
Financing |
Units |
3,87 |
4,82 |
4,38 |
4,85 |
|
Permanent Indebtedness Ratio |
Units |
0,39 |
0,37 |
0,31 |
0,29 |
|
M/L term Debts Ratio |
Units |
0,20 |
0,22 |
0,14 |
0,07 |
|
Net Financial Indebtedness Ratio |
Units |
2,57 |
2,68 |
2,57 |
1,04 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,47 |
1,74 |
1,29 |
2,37 |
|
Current ratio |
Units |
1,30 |
1,34 |
1,18 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,64 |
0,70 |
0,59 |
0,80 |
|
Structure's primary quotient |
Units |
0,71 |
0,74 |
0,71 |
1,48 |
|
Treasury's primary quotient |
Units |
0,03 |
0,14 |
0,02 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
532,43 |
630,75 |
586,91 |
602,26 |
|
Current Capital ( net ) |
Value |
4.088.032 |
5.508.152 |
2.878.200 |
191.984 |
|
RETURN |
|||||
|
Return on Sales |
% |
3,15 |
1,91 |
2,21 |
2,03 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
3,11 |
1,22 |
2,66 |
6,31 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
9,16 |
7,31 |
8,24 |
17,00 |
|
Return on Investment ( R.O.I. ) |
% |
3,87 |
2,92 |
2,08 |
4,18 |
|
Return/ Sales |
% |
5,31 |
4,26 |
2,71 |
3,46 |
|
Extra Management revenues/charges incid. |
% |
15,11 |
6,63 |
21,76 |
27,96 |
|
Cash Flow |
Value |
555.488 |
362.641 |
432.411 |
44.823 |
|
Operating Profit |
Value |
937.707 |
810.502 |
531.675 |
74.603 |
|
Gross Operating Margin |
Value |
1.367.851 |
1.134.705 |
861.496 |
111.383 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
164,25 |
167,50 |
169,50 |
113,70 |
|
Debts to suppliers average term |
Days |
100,78 |
114,61 |
108,90 |
118,14 |
|
Average stock waiting period |
Days |
183,23 |
195,40 |
175,41 |
72,90 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,73 |
0,68 |
0,77 |
1,25 |
|
Rate of stock return |
Units |
1,96 |
1,84 |
2,05 |
4,88 |
|
Labour cost incidence |
% |
16,73 |
15,39 |
13,30 |
8,14 |
|
Net financial revenues/ charges incidence |
% |
-3,51 |
-2,21 |
-1,45 |
-1,38 |
|
Labour cost on purchasing expenses |
% |
17,76 |
15,30 |
13,00 |
8,25 |
|
Short-term financing charges |
% |
3,60 |
2,05 |
1,57 |
2,76 |
|
Capital on hand |
% |
137,28 |
146,17 |
130,47 |
79,85 |
|
Sales pro employee |
Value |
238.420 |
209.000 |
241.787 |
397.742 |
|
Labour cost pro employee |
Value |
39.890 |
32.156 |
32.166 |
33.267 |
1) Protests checking (relative to the last five years) performed by crossing and matching the members names and the Firm's Style with the reported addresses, is supplied by the Informatic Registry managed by the Italian Chamber of Commerce. If the fiscal code is not indicated, the eventual homonymous cases are submitted to expert staff evaluation in order to limit wrong matching risks.
2) The Legal Data, supplied and retrived from the Firm's Registry of the Italian Chamber of Commerce, are in line with the last registered modifications.
3) Risk evaluation and Credit Opinion have been performed on the base of the actual data at the moment of their availability.
|
Population living in the province |
: |
860.796 |
|
Population living in the region |
: |
4.699.950 |
|
Number of families in the region |
: |
1.813.210 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
456 |
|
- per non food products |
: |
2.052 |
|
- per energy consume |
: |
127 |
The values are calculated on a base of 9.175 significant companies.
The companies cash their credits on an average of 114 dd.
The average duration of suppliers debts is about 118 dd.
The sector's profitability is on an average of 2,03%.
The labour cost affects the turnover in the measure of 8,14%.
Goods are held in stock in a range of 73 dd.
The difference between the sales volume and the resources used to realize it is about 1,25.
The employees costs represent the 8,25% of the production costs.
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 13.782 protested subjects are found; in the province they count to 2.673.
The insolvency index for the region is 0,30, , while for the province it is 0,31.
Total Bankrupt companies in the province : 2.982.
Total Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.28 |
|
|
1 |
Rs.102.77 |
|
Euro |
1 |
Rs.82.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.