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Report Date : |
30.05.2014 |
IDENTIFICATION DETAILS
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Name : |
NUFARM GRUPO
MEXICO S. DE R.L. DE C.V. |
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Registered Office : |
La Purísima 3237 tercer piso, Col. Campo Polo , Chapalita, Guadalajara, 44500, Jalisco |
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Country : |
Mexico |
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Date of Incorporation : |
20.06.2008 |
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Legal Form : |
Limited Liability Partnership of Variable Capital |
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Line of Business : |
Subject is engaged in Marketing of Agrochemicals Products Like Herbicides, Pesticides, Compost and Fertilizer. |
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No. of Employees : |
13 |
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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Mexico |
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 |
MEXICO - ECONOMIC OVERVIEW
Mexico's $1.3 trillion
economy has become increasingly oriented toward manufacturing in the 20 years
since the North American Free Trade Agreement (NAFTA) entered into force. Per capita
income is roughly one-third that of the US; income distribution remains highly
unequal. Mexico has become the United States' second-largest export market and
third-largest source of imports. In 2013, two-way merchandise trade reached
nearly $507 billion. Mexico has free trade agreements with over 50 countries
including Guatemala, Honduras, El Salvador, the European Free Trade Area, and
Japan - putting more than 90% of trade under free trade agreements. In 2012
Mexico formally joined the Trans-Pacific Partnership negotiations and formed
the Pacific Alliance with Peru, Colombia and Chile. Mexico's current
government, led by President Enrique PENA NIETO, emphasized economic reforms
during its first year in office, passing education, energy, financial, fiscal
and telecommunications reform legislation. The three-party "Pact for
Mexico" reform agenda aims to improve competitiveness and economic growth
across the Mexican economy.
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Source
: CIA |
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CORRECT COMPANY NAME |
NUFARM GRUPO
MEXICO S. DE R.L. DE C.V. |
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TRADE NAME |
NUFARM MEXICO |
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TAXPAYER REGISTRATION |
RFC NGM080620TK4 |
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MAIN ADDRESS |
La Purísima 3237 tercer piso, Col. Campo
Polo , Chapalita, Guadalajara, |
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POSTAL CODE |
44500 |
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DEPT/PROV/REGION/STATE |
Jalisco |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5233) 31213415 - 31214108 |
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CORPORATE E-MAIL |
Ignacio.castro@mx.nufarm.com |
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WEB |
www.nufarm.com |
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Date of foundation |
2008 |
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permanent employees |
13 |
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Chief Executive |
ÁLVAREZ CHÁVEZ, GRACIELA |
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Disposition |
Very few information was given. Politely. |
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Payments policy |
Usually to terms / good |
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Credit (**) |
MODERATE RISK. (Acceptable financial
situation but limited). |
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Number of times that this company was
required: 3 |
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REPUTATION |
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NOTHING AGAINST COMPANY |
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LEGAL STATUS |
Limited Liability Partnership of Variable
Capital |
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DATE OF INCORPORATION |
20JUN2008 |
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NOTARY OFFICE |
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DURATION |
99 years |
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INITIAL CAPITAL |
Ps$.4,000.= Pesos |
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PARENT COMPANY |
NUFARM LIMITED (AUSTRALIA) |
LISTED AT STOCK |
No |
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CURRENT EXCHANGE RATE (US$) |
Ps$.12.87 per USA Dollar |
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COMMENTS |
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The company is governed under the LAW OF CORPORATIONS ; CODE OF COMMERCE and FEDERAL CIVIL CODE.Legal Representative: Ms. Graciela Álvarez Chávez |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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ÁLVAREZ CHÁVEZ,
GRACIELA |
General Director |
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CASTRO GARCÍA , IGNACIO |
Adm. And Finance Mgr |
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NUFARM LIMITED |
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BUSINESS
BACKGROUND 103-105 Pipe RoadLaverton NorthVictoria 3026Tel: +61 3 9282 1000Fax: +61 3 9282 1001www.nufarm.com |
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COMPANY NAME |
COUNTRY |
RELATION % |
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CROP CARE AUSTRALASIA PTY LTD. |
AUSTRALIA |
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Related |
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CROPLANDS EQUIPMENT LTD. |
NEW ZEALAND |
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Related |
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CROPLANDS EQUIPMENT PTY LTD. |
MEXICO |
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Related |
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FRAMCHEM PRIVATE FREE ZONE |
EGYPT |
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Related |
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NUFARM AGRICULTURE INC. |
CANADA |
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Related |
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NUFARM AMERICAS |
U.S.A. |
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Related |
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NUFARM AUSTRALIA LTD |
AUSTRALIA |
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Related |
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NUFARM B.V. |
NETHERLANDS |
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Related |
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NUFARM CHEMICAL (SHANGHAI) CO., LTD. |
CHINA |
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Related |
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NUFARM CHILE LTDA. |
CHILE |
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Related |
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NUFARM COLOMBIA |
COLOMBIA |
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Related |
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NUFARM DEUTSCHLAND GMBH |
GERMANY |
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Related |
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NUFARM DO BRASIL LTDA. |
BRAZIL |
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Related |
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NUFARM ESPAÑA S.A. |
SPAIN |
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Related |
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NUFARM GMBH & CO KG |
AUSTRIA |
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Related |
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NUFARM ITALIA SRL |
ITALY |
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Related |
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NUFARM K.K. |
JAPAN |
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Related |
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NUFARM MALAYSIA SDN BHD |
MALAYSIA |
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Related |
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NUFARM NZ |
NEW ZEALAND |
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Related |
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NUFARM PORTUGAL LTDA. |
PORTUGAL |
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Related |
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NUFARM S.A. |
ARGENTINA |
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Related |
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NUFARM S.A. |
FRANCE |
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Related |
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NUFARM SRL |
ROMANIA |
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Related |
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NUFARM SUISSE SÀRL |
SWITZERLAND |
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Related |
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NUSEED PTY LTD. |
MEXICO |
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Related |
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PT NUFARM INDONESIA |
INDONESIA |
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Related |
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SIC Classification |
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Main activity |
Subject is engaged in marketing of agrochemicals. Products: Herbicides, pesticides, compost and fertilizer.Brands sold: NUFARM, ULTRAFOS 480, MASTER 400, NUFARMINA and TIRON. |
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OPERATIONS |
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Import |
Yes |
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Country |
Brazil, Germany, India and Belgium. |
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% DOMESTIC PURCHASES |
05% |
% FOREIGN PURCHASES |
95% |
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SELLING TerritorY |
Sales cover the Mexican territory |
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EMPLOYEES |
13 |
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Comments |
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At the group level hire 600 employees and 13 in Mexico.Main Clients:-VALENT DE MÉXICO-AGROQUÍMICOS RIVAS |
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Disposition |
Very few information was given. Politely. |
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Interviewee(s) |
CPA. Ignacio Castro García |
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Position(s) |
Administration and Finance Manager |
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Information provided |
We conducted the interview with C.P.A. Ignacio Castro García (Administration and Finance Manager) who helped with the delivery of operational data but declined financial figures as it is against their parent company policy, and indicates that all financial information is consolidated. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
FAIRDespite no balance sheets were available to assess the company results , we point out it has the support of the group it belongs to. It is publicly known that the Company operates without problems. It fulfills its obligations satisfactorily. |
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INSURANCE |
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Main fixed assets of the company (general detail) |
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We know subject managed insurance with CIA. DE SEGUROS ATLAS (all-risk policy) in former years |
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(Confidential
Information)
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TRADE REFERENCES |
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Several consulted sources coincide that
the subject fulfills promptly with its payments. Nothing against it. |
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Note : Other
suppliers did not provide information or could not be consulted |
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No adverse information was found against this Company in the consulted sources. |
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Explanation about commercial reputation |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.08 |
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UK Pound |
1 |
Rs.99.20 |
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Euro |
1 |
Rs.80.53 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
NIT |
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 |
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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.