MIRA INFORM REPORT
|
Report Date : |
25.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
KASTEL - S.R.L. |
|
|
|
|
Registered Office : |
Via Friuli, 35-37, 31020 - San Vendemiano (TV) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
13.10.1979 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
·
Construction of buildings ·
Real estate activities |
|
|
|
|
No. of Employees : |
32 |
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
Company
name and address
KASTEL - S.R.L.
Via Friuli, 35-37
31020 - San Vendemiano (TV) -IT-
Summary
|
Fiscal Code |
: |
00711090266 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
13/10/1979 |
|
Equity |
: |
1.500.000 |
|
Turnover Range |
: |
12.750.000/15.500.000 |
|
Number of Employees |
: |
from 36 to 50 |
Activity
CONSTRUCTION OF BUILDINGS
REAL ESTATE ACTIVITIES
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 00711090266 |
|
Foreign Trade Reg. no. : 14092 of Treviso since 20/12/1991 |
|
Chamber of Commerce no. : 191497 of Ascoli Piceno |
|
Chamber of Commerce no. : 860564 of Napoli |
|
Chamber of Commerce no. : 140992 of Treviso since 09/05/1980 |
|
V.A.T. Code : 00711090266 |
|
Tribunal Co. Register : 11844 of |
|
Foundation date |
: 13/10/1979 |
|
|
Establishment date |
: 13/10/1979 |
|
|
Start of Activities |
: 13/10/1979 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 51.480 |
|
|
Subscribed Capital |
: 51.480 |
|
|
Paid up Capital |
: 51.480 |
Members
|
|
Ricci |
Antonio |
|
|
Born in Conegliano |
(TV) |
on 28/08/1945 |
- Fiscal Code : RCCNTN45M28C957X |
|
|
Residence: |
Xxiv Maggio |
, 97 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/12/2004 |
||
|
Board Chairman |
27/12/2004 |
||
|
Managing Director |
27/12/2004 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Santin |
Mario |
|
|
Born in Conegliano |
(TV) |
on 21/01/1946 |
- Fiscal Code : SNTMRA46A21C957S |
|
|
Residence: |
Pastin Santin |
, 2/G |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
27/12/2004 |
||
|
Director |
27/12/2004 |
||
|
Attorney with special power |
17/01/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Angeli |
Daniela |
|
|
Born in Vazzola |
(TV) |
on 29/05/1947 |
- Fiscal Code : NGLDNL47E69L700P |
|
|
Residence: |
Xxiv Maggio |
, 97 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/12/2004 |
|
|
Gerometta |
Vera |
|
|
Born in Vito d'Asio |
(PN) |
on 02/10/1947 |
- Fiscal Code : GRMVRE47R42M085U |
|
|
Residence: |
Pastin Santin |
, 2/G |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
27/12/2004 |
Companies
connected to members *
*checkings have been performed on a national scale.
In this module the companies in which members hold/held positions are
listed.
The Members of the subject firm are not reported to be Members in other
companies.
Capital
Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Ricci Antonio |
Conegliano - IT - |
RCCNTN45M28C957X |
25.740 .Eur |
50,00 |
|
Santin Mario |
Conegliano - IT - |
SNTMRA46A21C957S |
25.740 .Eur |
50,00 |
Direct
Participations
The Company under review has no participations in other Companies.
Firm's
location and structure
In order to carry out its activities the firm uses the following locations:
|
- |
Legal and operative seat |
since 14/12/1987 |
|
Friuli |
, 35-37 |
- 31020 |
- San Vendemiano |
(TV) |
- IT - |
|
PHONE |
: 0438401380 |
|
- |
Branch |
(Store) |
since 02/05/2002 |
|
Friuli |
, 17 |
- 31020 |
- San Vendemiano |
(TV) |
- IT - |
|
- |
Branch |
(Store) |
since 19/12/2006 |
|
Friuli |
, 53/55 |
- 31020 |
- San Vendemiano |
(TV) |
- IT - |
|
- |
Branch |
(Store) |
since 01/10/2007 |
|
Friuli |
, 57 |
- 31020 |
- San Vendemiano |
(TV) |
- IT - |
|
- |
Branch |
(Showroom) |
since 01/09/2009 |
|
San Giovanni Scafa |
, S.N. |
- 63039 |
- San Benedetto del Tronto |
(AP) |
- IT - |
|
- |
Branch |
(Showroom) |
since 22/12/2011 |
|
Ripuaria |
, 78 |
- 80014 |
- Giugliano in Campania |
(NA) |
- IT - |
|
Employees |
: 32 |
|
Family members |
: 4 |
|
Fittings and Equipment for a value of 400.000 |
Eur |
|
Stocks for a value of 3.130.000 |
Eur |
|
Furniture and fittings for a value of 52.000 |
Eur |
|
Vehicles for a value of 26.000 |
Eur |
Historical
Information and/or Firm's Status
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Rimori S.r.l. |
20/01/1983 |
EX-MEMBERS / EX-POSITIONS:
|
|
Ricci |
Antonio |
|
|
Born in Conegliano |
(TV) |
on 28/08/1945 |
- Fiscal Code : RCCNTN45M28C957X |
|
|
Residence: |
Xxiv Maggio |
, 97 |
- 31015 |
Conegliano |
(TV) |
- IT - |
|
Ex-Postions |
|
Chairman and Managing Director |
Protests
Protests checking on the subject firm has given a negative result.
Data
Base Prejudicial Events Search
Search performed on a National Scale
|
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
Legal
Procedures
None reported, standing to the latest received edition of the Official
Publications.
Financial
and Economical Analysis
The company is active since 1979
An eco-fin analysis has been made on the base od the b/s fo the years
2010, 2011 and 2012.
During the last years, it achieved profits (r.o.e. 50,01% on 2012)
The return on Investment in the last financial year was positive (9,79%)
and reflects the field's average.
The amount of the operating result for the year 2012 is of Eur. 803.300
showing a downwards trend equal to -37,72% if compared to the value of the
financial year 2011.
During the latest financial year the gross operating margin amounted to
Eur. 1.032.766 showing a drop (-32,14%).
The ratio between shareholder's equity and borrowed capital is not well
balanced, the indebtedness level is equal to 4,85 but on the decrease if
compared to the year before.
The equity capital is equal to Eur. 1.113.238 , stable in comparison
with the value of the previous year.
Eur. 5.749.919 is the amount of total debts, both commercial and of
different nature, on the same levels as the year before.
The company does not exceed in bank credits; payments average period is
instead slightly high (142,23 gg.) even if it still falls within the sector's
average.
Liquidity is good (1,18)
As to due from customers, the average terms are 62,44 days. , on the
same levels as the sector's average.
The financial management generated a cash flow of Eur. 786.174.
Labour cost amounts to Eur. 1.101.632, with a 7,93% incidence on
production costs. and a 7,62% incidence on sales volumes.
If compared to the sales volume (-0,38%), the impact of the financial
charges is limited.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.465.236 |
|
Profit (Loss) for the period |
556.708 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
16.956.138 |
|
Profit (Loss) for the period |
811.939 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.012.809 |
|
Profit (Loss) for the period |
469.684 |
Balance Sheets
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
PROFIT AND LOSS ACCOUNTS |
|
VALUE OF PRODUCTION |
|||
|
. Revenues from sales and services |
14.465.235 |
16.956.139 |
14.012.809 |
|
. Changes in work in progress |
89.428 |
-68.188 |
171.654 |
|
. Changes in semi-manufact. products |
|||
|
. Capitalization of internal work |
|||
|
. Other income and revenues |
135.994 |
116.924 |
47.342 |
|
. . Contributions for operating expenses |
|||
|
. . Different income and revenues |
135.994 |
116.924 |
47.342 |
|
Total value of production |
14.690.657 |
17.004.875 |
14.231.805 |
|
PRODUCTION COSTS |
|||
|
. Raw material,other materials and consum. |
6.951.726 |
8.236.018 |
6.783.860 |
|
. Services received |
4.069.773 |
4.591.770 |
4.161.028 |
|
. Leases and rentals |
1.420.138 |
1.590.801 |
1.350.054 |
|
. Payroll and related costs |
1.101.632 |
1.187.898 |
1.028.356 |
|
. . Wages and salaries |
786.328 |
854.415 |
659.730 |
|
. . Social security contributions |
251.818 |
270.110 |
212.252 |
|
. . Employee termination indemnities |
63.486 |
63.309 |
51.435 |
|
. . Pension and similar |
|||
|
. . Other costs |
64 |
104.939 |
|
|
. Amortization and depreciation |
229.466 |
232.064 |
245.573 |
|
. . Amortization of intangible fixed assets |
18.127 |
13.046 |
7.621 |
|
. . Amortization of tangible fixed assets |
196.881 |
198.118 |
216.367 |
|
. . Depreciation of tangible fixed assets |
|||
|
. . Writedown of current receiv.and of liquid |
14.458 |
20.900 |
21.585 |
|
. Changes in raw materials |
18.417 |
-255.175 |
-192.350 |
|
. Provisions to risk reserves |
|||
|
. Other provisions |
|||
|
. Other operating costs |
96.205 |
131.546 |
66.079 |
|
Total production costs |
13.887.357 |
15.714.922 |
13.442.600 |
|
Diff. between value and cost of product. |
803.300 |
1.289.953 |
789.205 |
|
FINANCIAL INCOME AND EXPENSE |
|||
|
. Income from equity investments |
|||
|
. . In subsidiary companies |
|||
|
. . In associated companies |
|||
|
. . In other companies |
|||
|
. Other financial income |
2.374 |
3.697 |
240 |
|
. . Financ.income from receivables |
|||
|
. . . Towards subsidiary companies |
|||
|
. . . Towards associated companies |
|||
|
. . . Towards holding companies |
|||
|
. . . Towards other companies |
|||
|
. . Financ.income from secur. t.f.assets |
|||
|
. . Financ.income from secur. cur.assets |
|||
|
. . Financ.income other than the above |
2.374 |
3.697 |
240 |
|
. . . - Subsidiary companies |
|||
|
. . . - Associated companies |
|||
|
. . . - Holding companies |
|||
|
. . . - Other companies |
2.374 |
3.697 |
240 |
|
. Interest and other financial expense |
-58.028 |
-20.984 |
-19.279 |
|
. . Towards subsidiary companies |
|||
|
. . Towards associated companies |
|||
|
. . Towards holding companies |
|||
|
. . Towards other companies |
58.028 |
20.984 |
19.279 |
|
Total financial income and expense |
-55.654 |
-17.287 |
-19.039 |
|
ADJUSTMENTS TO FINANCIAL ASSETS |
|||
|
. Revaluations |
|||
|
. . Of equity investments |
|||
|
. . Of financ.fixed assets not repres.E.I. |
|||
|
. . Of securities incl.among current assets |
|||
|
. Devaluation |
|||
|
. . Of equity investments |
|||
|
. . Of financial fixed assets (no equity inv) |
|||
|
. . Of securities included among current ass |
|||
|
Total adjustments to financial assets |
|||
|
EXTRAORDINARY INCOME AND EXPENSE |
|||
|
. Extraordinary income |
77.991 |
6.248 |
|
|
. . Gains on disposals |
|||
|
. . Other extraordinary income |
77.991 |
6.248 |
|
|
. Extraordinary expense |
-18.882 |
||
|
. . Losses on disposals |
|||
|
. . Taxes relating to prior years |
|||
|
. . Other extraordinary expense |
-18.882 |
||
|
Total extraordinary income and expense |
77.991 |
-12.634 |
|
|
Results before income taxes |
825.637 |
1.272.666 |
757.532 |
|
. Taxes on current income |
268.929 |
460.727 |
287.848 |
|
. . current taxes |
268.929 |
460.727 |
287.848 |
|
. . differed taxes(anticip.) |
|||
|
. Net income for the period |
556.708 |
811.939 |
469.684 |
|
. Adjustments in tax regulations pursuance |
|||
|
. Provisions in tax regulations pursuance |
|||
|
. Profit (loss) of the year |
556.708 |
811.939 |
469.684 |
|
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 |
0,16 |
0,15 |
0,17 |
0,13 |
|
Elasticity Ratio |
Units |
0,83 |
0,85 |
0,83 |
0,88 |
|
Availability of stock |
Units |
0,38 |
0,34 |
0,36 |
0,70 |
|
Total Liquidity Ratio |
Units |
0,45 |
0,50 |
0,47 |
0,18 |
|
Quick Ratio |
Units |
0,04 |
0,04 |
0,04 |
0,01 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
4,85 |
4,95 |
5,86 |
5,31 |
|
Self Financing Ratio |
Units |
0,14 |
0,14 |
0,12 |
0,09 |
|
Capital protection Ratio |
Units |
0,45 |
0,30 |
0,46 |
0,59 |
|
Liabilities consolidation quotient |
Units |
0,07 |
0,06 |
0,05 |
0,85 |
|
Financing |
Units |
5,17 |
5,26 |
6,20 |
9,37 |
|
Permanent Indebtedness Ratio |
Units |
0,19 |
0,18 |
0,16 |
0,57 |
|
M/L term Debts Ratio |
Units |
0,05 |
0,04 |
0,04 |
0,29 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,01 |
0,52 |
1,14 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,15 |
1,21 |
0,97 |
2,02 |
|
Current ratio |
Units |
1,18 |
1,16 |
1,10 |
1,32 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,64 |
0,69 |
0,63 |
0,53 |
|
Structure's primary quotient |
Units |
0,83 |
0,93 |
0,73 |
0,86 |
|
Treasury's primary quotient |
Units |
0,06 |
0,06 |
0,05 |
0,02 |
|
Rate of indebtedness ( Leverage ) |
% |
737,43 |
724,46 |
827,32 |
1131,86 |
|
Current Capital ( net ) |
Value |
1.054.378 |
1.069.009 |
620.234 |
149.714 |
|
RETURN |
|||||
|
Return on Sales |
% |
5,43 |
6,16 |
5,10 |
2,16 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
50,01 |
65,60 |
48,28 |
2,04 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
74,17 |
102,82 |
77,88 |
5,51 |
|
Return on Investment ( R.O.I. ) |
% |
9,79 |
14,39 |
9,81 |
1,84 |
|
Return/ Sales |
% |
5,55 |
7,61 |
5,63 |
7,25 |
|
Extra Management revenues/charges incid. |
% |
69,30 |
62,94 |
59,51 |
12,72 |
|
Cash Flow |
Value |
786.174 |
1.044.003 |
715.257 |
14.473 |
|
Operating Profit |
Value |
803.300 |
1.289.953 |
789.205 |
50.668 |
|
Gross Operating Margin |
Value |
1.032.766 |
1.522.017 |
1.034.778 |
66.893 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
62,44 |
78,37 |
79,76 |
70,39 |
|
Debts to suppliers average term |
Days |
142,23 |
141,04 |
143,53 |
151,48 |
|
Average stock waiting period |
Days |
77,87 |
64,92 |
73,75 |
152,38 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,76 |
1,89 |
1,74 |
0,26 |
|
Rate of stock return |
Units |
4,62 |
5,55 |
4,88 |
0,65 |
|
Labour cost incidence |
% |
7,62 |
7,01 |
7,34 |
13,14 |
|
Net financial revenues/ charges incidence |
% |
-0,38 |
-0,10 |
-0,14 |
-4,17 |
|
Labour cost on purchasing expenses |
% |
7,93 |
7,56 |
7,65 |
11,97 |
|
Short-term financing charges |
% |
1,01 |
0,32 |
0,32 |
2,74 |
|
Capital on hand |
% |
56,75 |
52,88 |
57,43 |
356,33 |
|
Sales pro employee |
Value |
425.448 |
458.274 |
437.900 |
229.543 |
|
Labour cost pro employee |
Value |
32.400 |
32.105 |
32.136 |
35.016 |
Remarks
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.
Market
/ Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Statistical
Detrimental Data
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 2.280.
The insolvency index for the region is 0,30, , while for the province it
is 0,28.
Total Bankrupt companies in the province : 3.317.
Total Bankrupt companies in the region : 16.714.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.11 |
|
|
1 |
Rs.102.32 |
|
Euro |
1 |
Rs.81.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NNA |
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.