MIRA INFORM REPORT

 

 

Report Date :

03.05.2014

 

IDENTIFICATION DETAILS

 

Name :

MESON AB

 

 

Registered Office :

Kullsgardsvagen 27, 31234 Laholm

 

 

Country :

Sweden

 

 

Financials (as on) :

2012

 

 

Date of Incorporation :

12.07.1995

 

 

Com. Reg. No.:

5565191516

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

·         Wholesaler of industry supplies

·         Wholesaler of plumbing and heating equipment

·         Engaged in Renting and operating of own or leased other premises

 

 

No of Employees :

32 (2012)

 

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)

Sweden

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

 


 

sweden ECONOMIC OVERVIEW

 

Aided by peace and neutrality for the whole of the 20th century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a highly skilled labor force. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for vast majority of industrial output, of which the engineering sector accounts for about 50% of output and exports. Agriculture accounts for little more than 1% of GDP and of employment. Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. This, and robust finances, offered the center-right government considerable scope to implement its reform program aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. Despite strong finances and underlying fundamentals, the Swedish economy slid into recession in the third quarter of 2008 and the contraction continued in 2009 as deteriorating global conditions reduced export demand and consumption. Strong exports of commodities and a return to profitability by Sweden's banking sector drove a rebound in 2010, but growth slipped in 2013, as a result of continued economic weakness in the EU - Sweden’s main export market.

 

Source : CIA

 


Company summary

 

Business Name

Meson AB

Country

SWEDEN

Company Registration Number

5565191516

Main Activity

Wholesaler of industry supplies

Activity Code

46761

Company Status

Active

Latest Turnover Figure

129.891.000

Latest Shareholder Equity Figure

149.654.000

 

 

Basic Information

Business Name

Meson AB

Registered Company Name

Meson AB

Company Registration Number

5565191516

Country

SWEDEN

VAT Registration Number

SE556519151601

Date of Company Registration

12/07/1995

Legal Form

Limited Liability Company

Company Status

Active

Currency of this Report

SEK

Principal Activity Description

Bolaget skall bedriva import och export av industrifornodenheter inom verkstads- och industribranschen samt idka darmed forenlig verksamhet.

 

(The company shall engage in import and export of industrial heritage node named in the engineering and industrial sectors, and activities related thereto.)

Contact Address

Kullsgardsvagen 27, 31234 LAHOLM

Contact Telephone Number

0430-17123

 

 

Activities

Activity Code

Activity Description

46761

Wholesaler of industry supplies

46742

Wholesaler of plumbing and heating equipment

68203

Engaged in Renting and operating of own or leased other premises

 

 


Financial information

 

Profit and Loss

Financial Year

2012

2011

2010

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

N

N

N

Revenue

133.542.000

141.821.000

109.692.000

Operating Costs

129.583.000

124.002.000

101.154.000

Operating Profit

3.959.000

17.819.000

8.538.000

Wages & Salaries

-17.874.000

-19.413.000

-13.860.000

Depreciation

-2.088.000

-2.108.000

-2.000.000

Financial Income

3.619.000

5.315.000

5.665.000

Financial Expenses

-4.057.000

-3.896.000

-6.746.000

Extraordinary Income

Extraordinary Costs

-4.057.000

-3.896.000

-6.746.000

Profit before Tax

9.045.000

13.915.000

15.625.000

Tax

-969.000

-22.437.000

-2.067.000

Profit after Tax

8.076.000

-8.522.000

13.558.000

Other Appropriations

130.000

64.673.000

-1.449.000

Retained Profit

8.206.000

56.151.000

12.109.000

 

Balance Sheet

Financial Year

2012

2011

2010

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

N

N

N

Land & Buildings

16.212.000

16.885.000

17.024.000

Plant & Machinery

440.000

743.000

806.000

Other Tangible Assets

2.112.000

2.995.000

3.724.000

Total Tangible Assets

18.764.000

20.623.000

21.554.000

Goodwill

0

0

0

Other Intangible Assets

0

0

0

Total Intangible Assets

0

0

0

Loans To Group

24.463.000

29.774.000

42.187.000

Other Loans

0

0

0

Miscellaneous Fixed Assets

76.623.000

75.959.000

69.665.000

Total Other Fixed Assets

101.086.000

105.733.000

111.852.000

TOTAL FIXED ASSETS

119.850.000

126.356.000

133.406.000

Work In Progress

0

0

0

Other Inventories

74.590.000

84.807.000

85.393.000

Total Inventories

74.590.000

84.807.000

85.393.000

Trade Receivables

31.769.000

24.063.000

15.983.000

Group Receivables

12.618.000

9.958.000

12.751.000

Miscellaneous Receivables

4.763.000

11.201.000

5.228.000

Total Receivables

49.150.000

45.222.000

33.962.000

Cash

6.880.000

7.805.000

10.166.000

Other Current Assets

0

4.000

4.000

TOTAL CURRENT ASSETS

130.620.000

137.838.000

129.525.000

TOTAL ASSETS

250.470.000

264.194.000

262.931.000

Trade Payables

7.269.000

5.709.000

2.987.000

Bank Liabilities

0

0

0

Group Payables

5.036.000

3.148.000

7.573.000

Miscellaneous Liabilities

12.713.000

97.266.000

26.851.000

TOTAL CURRENT LIABILITIES

25.018.000

106.123.000

37.411.000

Bank Liabilities Due After 1 Year

0

0

0

Other Loans Or Finance Due After 1 Year

0

0

0

Group Payables After 1 Year

0

0

0

Miscellaneous Liabilities Due After 1 Year

955.000

1.085.000

65.784.000

TOTAL LONG TERM LIABILITIES

75.798.000

13.906.000

74.630.000

TOTAL LIABILITIES

100.816.000

120.029.000

112.041.000

Called Up Share Capital

150.000

150.000

150.000

Share Premium

0

0

0

Revenue Reserves

152.191.000

206.861.000

150.710.000

Other Reserves

-2.687.000

-62.846.000

30.000

TOTAL SHAREHOLDERS EQUITY

 

149.654.000

144.165.000

150.890.000

 

Other Financials

Contingent Liabilities

 

0

0

0

Working Capital

105.602.000

31.715.000

92.114.000

Net Worth

 

149.654.000

144.165.000

150.890.000

 

Ratios

Pre-Tax Profit Margin

 

6.77 %

9.81 %

14.24 %

Return On Capital Employed

3.28 %

3.76 %

5.20 %

Return On Total Assets Employed

3.61 %

5.27 %

5.94 %

Return On Net Assets Employed

6.04 %

9.65 %

10.36 %

Sales/Net Working Capital

1.26

4.47

1.19

Stock Turnover Ratio

55.86 %

59.80 %

77.85 %

Debtor Days

86.83

61.93

53.18

Creditor Days

19.87

14.69

9.94

Current Ratio

5.22

1.30

3.46

Liquidity Ratio/Acid Test

2.24

0.50

1.18

Current Debt Ratio

0.17

0.74

0.25

Gearing

50.01 %

8.89 %

5.88 %

Equity In Percentage

100.18 %

90.98 %

99.87 %

Total Debt Ratio

0.67

0.83

0.74

 


 

Contact Information                        

 

Main Address

Address

Country

Telephone

Kullsgardsvagen 27, 31234 LAHOLM

SWEDEN

0430-17123

 

 

Share Capital Structure

 

Issued Share Capital                            150.000 SEK

 

 

Directors / managers

 

Current Directors

Name

Appointment Date

Position

 

Jan Olof Peter Eriksson

13/07/2010

Actual Member of Board

 

Jan-Ove Bertil Karlsson

27/02/2014

Actual Member of Board

Joacim Marcus Samuelsson

13/07/2010

Actual Member of Board

Kennet Yngve Fredrik Goransson

13/12/2011

Actual Member of Board

Rolf Henrik Otendal

09/08/2013

Actual Member of Board

 

 

Previous Directors

Name

Appointment Date

Position

Jan Olof Peter Eriksson

09/08/2013

Managing Director

Dan Bertil Brostrom

23/07/2012

Actual Member of Board

Lars-Olof Mikael Wendelin

10/02/1998

Actual Member of Board

Claes Harald Hjalmar Hjalmarsson

09/05/2011

Actual Member of Board

Bengt Magnus Wesslen

24/04/2006

Managing Director

Leif Johnny Alvarsson

13/07/2010

Actual Member of Board

Olle Axel Olofsson

17/11/2010

Actual Member of Board

Bengt Olof Wesslen

13/07/2010

Actual Member of Board

Berit Hoy Wesslen

24/04/2006

Chairman of Board

 

 


 

Group Structure                               

                                               

Extended Group Structure

Company Name

Country

Number

Latest Annual Accounts

 Indutrade Aktiebolag

SE

5560179367

31/12/2012

Euroflon Tekniska Produkter Aktiebolag

SE

5565024162

31/12/2013

Aktiebolaget Elektronik-Konstruktion Innovation (ABELKO INNOVATION)

SE

5564440112

31/12/2012

Aktiebolaget Carlsson & MbTler

SE

5560570011

31/12/2012

Aktiebolaget Novum

SE

5562966126

31/12/2012

AluFlexAB

SE

5563674067

31/12/2012

 AluFlex Holding AB

FI

167815

31/12/2012

AluFlex LinjarTech AB

SE

5567544779

31/12/2012

Aluflex System As

NO

968422464

31/12/2012

ITEMProfiili Oy/Ab

FI

491186

31/12/2012

ULl Linearmodul As

DK

Sittaerm Holding B.V.

NL

241826180001

30/04/2009

 Bengtssons Maskin Aktiebolag

SE

5560378670

31/12/2012

 C a M Plast AB

SE

5565543856

31/12/2012

Alsteran Fastigheter AB

SE

5560921214

31/12/2012

Colly Company Aktiebolag

SE

5561938472

31/12/2012

JL Aktiebolaget Liljegrens Maskinverktvg

SE

5560960949

31/12/2012

Collv Components Aktiebolag

SE

5562031038

31/12/2012

Collv Components As

NO

989185799

31/12/2012

Collv Filtreringsteknik AB

SE

5561034272

31/12/2012

Collv Flowtech AB

SE

5565067948

31/12/2012

JohansonsMetallfabrikAB

SE

5566575865

31/12/2012

 Dominator Pump Aktiebolag

SE

5562093962

31/12/2012

Collv Verkstadsteknik Aktiebolag

SE

5560622606

31/12/2012

EDECO Tool Aktiebolag

SE

5563549558

31/12/2012

Damalini Aktiebolag

SE

5564743705

31/12/2012

 EIE MASKIN Aktiebolag

SE

5560296336

31/12/2012

EIE Maskin Ov

FI

771730

31/12/2012

JL Eie Maskin As

NO

959207925

31/12/2012

PRECISIONS-PRODUKTER Aktiebolag

SE

5561541342

31/12/2012

Technos Aktiebolag

SE

5562132232

31/12/2012

ETP Transmission Aktiebolag

SE

5561585398

31/12/2012

Etp Transmission Inc

US

US46391329

Etp Transmission Trade (Shanghai) Co Ltd

CN

 FilterteknikA/S

DK

 Filterteknik Sverige Aktiebolag

SE

5562713577

31/12/2012

Flintec Group AB

SE

5567367098

31/12/2012

 Db Flintec Brasil Ltda

BR

 Flintec GmbH

DE

HRB 341287

31/12/2012

JL Db Flintec Inc

US

 Db Flintec Transducers Ltd

LK

 Flintec Uk Limited

GB

02539747

31/12/2012

Ju, FLINTEC AB

SE

5566252614

31/12/2012

Gedevelop Aktiebolag

SE

5562918945

31/12/2012

GEFAProcesstechnikGmbH

DE

HRB 3121

31/12/2012

Gustaf Fagerberg Holding Aktiebolag

SE

5560409087

31/12/2012

HYDNETAB

SE

5565529848

31/12/2012

Indutrade A/S

DK

 Indutrade Benelux B.V.

NL

331470630000

Flbdesteknik Aktiebolag

SE

5563647469

31/12/2012

Armatur Aktiebolag

SE

5563129716

31/12/2012

AxelvalvesAB

SE

5560016387

31/12/2012

Belos Molding AB

SE

5565480372

31/12/2012

Industri Belos AB

SE

5564397106

31/12/2012

Belos Komponenter Aktiebolag

SE

5562270461

31/12/2012

Corona Control AB

SE

5565339172

31/12/2013

Lia Corona Control As

NO

991018778

31/12/2013

ES Hvdagent AB

SE

5565243291

31/12/2012

Euronord WTM Aktiebolag

SE

5563329274

31/12/2012

Flow Technology Lie

RU

FlowpartAB

SE

5562899582

31/12/2012

Gpa Flowsystem As

NO

936875025

31/12/2012

GPA Flowsvstem AB

SE

5564247046

31/12/2012

Gusaf Fagerberg A/S

DK

Gustaf Fagerberg Aktiebolag

SE

5560236407

31/12/2012

Gustaf Fagerberg Norge A/S

NO

IFTG Sverige Aktiebolag

SE

5565844973

31/12/2012

Ingenjbrsfirman Rossing & Jansson Aktiebolag

SE

5563203636

31/12/2012

Lyma Kemiteknik Aktiebolag

SE

5561991778

31/12/2012

Meson AB

SE

5565191516

31/12/2012

Armaturteknik i Osbv AB

SE

5566089404

31/12/2012

 Baryon AB

SE

5566239264

31/12/2012

Wilhelm Sander Fertigung GmbH

DE

HRB 9877 HB

31/12/2012

LeptonAB

SE

5567438519

31/12/2012

Meson Aps

DK

Meson As

NO

984707592

31/12/2012

Meson Far East

SG

Meson Indien Pvt

IN

Meson Middle East

AE

Meson Shanghai

CN

tii Meson Spain SI

ES

Meson Sri

RO

Meson Valves B.V.

NL

273806410000

31/12/2012

St MWS Ventil Service AB

SE

5565085445

31/12/2012

LU Processpumpar i Motala Aktiebolag

SE

5562161660

31/12/2012

Rostfria VA-svstem i Storfors Aktiebolag

SE

5564664737

31/12/2012

Satron Instruments Process & Project Aktiebolag

SE

5566421888

31/12/2012

Sav Danmark As

DK

LU SAVSVERIGE Trading Aktiebolag

SE

5562357052

31/12/2012

Sigurd Sorum A/S

NO

Techflow i Kalmar AB

SE

5560959925

31/12/2012

Torell Pump Aktiebolag

SE

5560837725

31/12/2012

JL Ventim, Ventil & Instrument Aktiebolag

SE

5562076272

31/12/2012

Zao IndutekStp

RU

Indutrade Ov

FI

272228

31/12/2012

Indutrade Switzerland Ag

SZ

Ingenjorsfirman G A Lindberg AB

SE

5566068747

31/12/2012

G A Lindberg ChemTech Aktiebolag

SE

5560330028

31/12/2012

G.A. Lindberg Lager Aktiebolag

SE

5561651174

31/12/2012

JL G A Lindberg ProcessTeknik Aktiebolag

SE

5565179552

31/12/2012

JL G A Lindberg SealTech Aktiebolag

SE

5565487609

31/12/2012

International Plastic Systems Limited

GB

02506365

31/12/2013

Lekang Filtersystem As

NO

Lekang Maskin AS

NO

819653992

31/12/2013

Palmstiernas Svenska AB

SE

5566507314

31/12/2012

Pentronic Aktiebolag

SE

5560425141

31/12/2012

Inkal Industrikalibreringar AB

SE

5566453360

31/12/2012

Precision Products Limited

GB

02928395

31/12/2012

Robota Aktiebolag

SE

5560424912

31/12/2012

j Robota As

NO

965907718

31/12/2011

SANIFLEX Aktiebolag

SE

5564415882

31/12/2012

Spi nova Aktiebolag

SE

5561887430

31/12/2012

Siri Sverige Aktiebolag

SE

5566296066

30/06/2010

Stalprofil PK Aktiebolag

SE

5563034346

31/12/2012

Stalprofil PK Invest Aktiebolag

SE

5564440450

31/12/2012

Techno Skruv i Varnamo Aktiebolag

SE

5564594116

31/12/2012

Tribotec Aktiebolag

SE

5562346089

31/12/2012

EssMediTecAB

SE

5561113670

31/12/2012

LU EssMed Optical AB

SE

5567872733

31/12/2012

Conrov Medical Aktiebolag

SE

5563856771

31/12/2012

Conrov Production Aktiebolag

SE

5564699154

31/12/2012

Kabetex Kullager & Transmission Aktiebolag

SE

5562541523

31/12/2012

Dasa Control Systems AB

SE

5563604338

31/12/2012

Topflight Aktiebolag

SE

5563529691

31/12/2012

Nolek Aktiebolag

SE

5563317915

31/12/2012

Nolek Fastigheter AB

SE

5565439303

31/12/2012

 

 

Other Information

 

Employee Information

 

Number of Employees

2012

32

2011

28

2010

24

2009

21

2008

19

 

Advisors

 

Auditor Name

PricewaterhouseCoopers AB

 

 

Additional Information                         

                                   

Tax Registrations

Registered for Tax

 

Yes

 

Registered for VAT

Yes

Registered for Employee Tax

 

Yes

 

 

Certificate

No certificate information for this company.

 

Industry Comparison

Activity Code 46761

Activity Description Wholesale of industry supplies

 

 


 

Event History

Event Date

Event Description

21/04/2014

Group Structure Change

02/04/2014

Group Structure Change

28/02/2014

Authorised signatories amended or new/amended vacancy text

28/02/2014

Company representatives, changed

19/11/2013

Group Structure Change

18/11/2013

Group Structure Change

15/10/2013

Company representatives, changed

07/10/2013

Group Structure Change

02/10/2013

Group Structure Change

23/09/2013

Annual account, new

23/09/2013

Limit, increase

23/09/2013

Group annual accout, new

13/09/2013

Group Structure Change

05/09/2013

Group Structure Change

30/08/2013

Group Structure Change

26/08/2013

Annual report (PDF), new

26/08/2013

Group Structure Change

23/08/2013

Group Structure Change

20/08/2013

Group Structure Change

19/08/2013

Group Structure Change

16/08/2013

Group Structure Change

12/08/2013

Group Structure Change

10/08/2013

Authorised signatories amended or new/amended vacancy text

10/08/2013

Company representatives, changed

06/08/2013

Group Structure Change

05/08/2013

Group Structure Change

02/08/2013

Group Structure Change

01/08/2013

Group Structure Change

31/07/2013

Group Structure Change

30/07/2013

Group Structure Change

29/07/2013

Group Structure Change

23/07/2013

Group Structure Change

22/07/2013

Group Structure Change

19/07/2013

Group Structure Change

18/07/2013

Group Structure Change

16/07/2013

Group Structure Change

15/07/2013

Group Structure Change

12/07/2013

Group Structure Change

08/07/2013

Group Structure Change

05/07/2013

Group Structure Change

04/07/2013

Group Structure Change

03/07/2013

Group Structure Change

02/07/2013

Group Structure Change

28/06/2013

Group Structure Change

27/06/2013

Group Structure Change

24/06/2013

Group Structure Change

21/06/2013

Group Structure Change

20/06/2013

Group Structure Change

19/06/2013

Group Structure Change

17/06/2013

Group Structure Change

12/06/2013

Group Structure Change

05/06/2013

Group Structure Change

28/05/2013

Authorised signatories amended or new/amended vacancy text

28/05/2013

Company representatives, changed

05/03/2013

Certificate, registered

07/09/2012

Annual account, new

07/09/2012

Limit, increase

07/09/2012

Group annual accout, new

31/08/2012

Company representatives, changed

31/08/2012

Authorised signatories amended or new/amended vacancy text

31/08/2012

Board, changed

07/08/2012

Certificate, deregistered

31/07/2012

Annual report (PDF), new

26/07/2012

Authorised signatories amended or new/amended vacancy text

26/07/2012

Company representatives, changed

26/07/2012

Board, changed

24/07/2012

Authorised signatories amended or new/amended vacancy text

24/07/2012

Company representatives, changed

24/07/2012

Board, changed

14/01/2012

Board, changed

14/01/2012

Authorised signatories amended or new/amended vacancy text

14/01/2012

Company representatives, changed

14/12/2011

Company representatives, changed

14/12/2011

Authorised signatories amended or new/amended vacancy text

14/12/2011

Board, changed

08/11/2011

Board, changed

08/11/2011

Authorised signatories amended or new/amended vacancy text

08/11/2011

Company representatives, changed

26/08/2011

Annual account, new

26/08/2011

Group annual accout, new

26/08/2011

Limit, decrease

16/08/2011

Annual report (PDF), new

09/07/2011

Authorised signatories amended or new/amended vacancy text

09/07/2011

Board, changed

09/07/2011

Company representatives, changed

10/05/2011

Board, changed

10/05/2011

Authorised signatories amended or new/amended vacancy text

10/05/2011

Company representatives, changed

29/03/2011

Fax number, new

29/03/2011

Phone number, new

15/02/2011

Authorised signatories amended or new/amended vacancy text

15/02/2011

Company representatives, changed

15/02/2011

Board, changed

18/11/2010

Board, changed

18/11/2010

Authorised signatories amended or new/amended vacancy text

18/11/2010

Company representatives, changed

19/10/2010

Fax number, removed

19/10/2010

Phone number, removed

14/10/2010

Board, changed

14/10/2010

Authorised signatories amended or new/amended vacancy text

14/10/2010

Company representatives, changed

14/07/2010

Authorised signatory, changed

14/07/2010

Company representatives, changed

14/07/2010

Board, changed

09/07/2010

Annual account, new

30/06/2010

Annual report (PDF), new

20/08/2009

Annual account, new

05/08/2009

Annual report (PDF), new

 

 

Record of non-payment

Number of distraint attempts and repossessions         -

Number of public claims                                                  -

Number of private claims                                                  -

Number of applications for an order to pay                   -

Number of reclaimed/revoked applications                  1


 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.22

UK Pound

1

Rs.101.68

Euro

1

Rs.83.46

 

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.