|
Report Date : |
25.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
HYOSUNG ONB CO., LTD. |
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|
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Registered Office : |
279-10, Sin-dong, Asan-si, |
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Country : |
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|
|
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Financials (as on) : |
30.06.2014 |
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Date of Incorporation : |
23.08.1984 |
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|
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Com. Reg. No.: |
312-81-03710 |
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Legal Form : |
Listed Company |
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|
|
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Line of Business : |
Manufacture of Other Fertilizers and Nitrogen Compounds |
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|
|
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No. of Employees : |
74 |
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 |
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Payment Behaviour : |
No complaints |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Source
: CIA |
Basic
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Company Name |
HYOSUNG ONB CO., LTD. (Korean Company Name : “효성오앤비(주)”) |
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Registered Address |
279-10, Sin-dong, Asan-si, (Old Address System : 1785, Oncheon-daero, Asan-si, |
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Building |
|
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Zip Code |
336-180 |
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Tel |
+82-42-624-7613 |
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Fax |
+82-42-624-4068 |
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|
jjong@hsonb.com |
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Website |
|
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Trading Address |
279-10, Sin-dong, Asan-si, (Old Address System : 1785, Oncheon-daero, Asan-si, |
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Tel |
+82-42-624-7613 |
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Fax |
+82-42-624-4068 |
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Other Address |
46, Yuseong-daero 1596beon-gil, Yuseong-gu, (Old Address System : 461-68, Jeonmin-dong, Yuseong-gu, |
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Tel |
|
|
Fax |
|
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Other Address-Cheongdo Factory |
1139-3, Guchon-ri, Maejeon-myeon, Cheongdo-gun, |
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Tel |
+82-54-371-1728 |
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Fax |
+82-54-371-1730 |
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Other Address-Uiseong Factory |
805, Yongyeon-ri, Uiseong-eup, Uiseong-gun, |
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Tel |
+82-54-833-7613 |
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Fax |
+82-54-833-7618 |
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Type |
Export/Import |
|
Industry |
Manufacture of Other Fertilizers and Nitrogen Compounds |
|
Main Business |
Organic Manure |
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Sub Business |
|
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Established (mm/dd/yyyy) |
08/23/1984 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Organic fertilizers and plant nutrients(10171500) |
CEO’s
|
Name |
Park Tae-Heon |
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Address |
|
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Date of Birth |
03/30/1943 |
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Title |
Chairman & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
2,900,000,000 |
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Employees |
74 |
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Formation |
Listed Company (KOSDAQ : 097870) as of 04/08/2008 |
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Bank Details |
Kookmin Bank (A/C No.: 242037-01-000782) Hana Bank-Daejeon Central Branch |
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Corporate Registered No. |
164811-0001094 |
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Business Registered No. |
312-81-03710 |
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Permit & Licenses |
10/2006 ISO 14001 10/16/2000 ISO 9002 Int’l Trade No.: 913609 |
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Shareholder Position |
|
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Company History |
08/23/1984 Incorporated as HYOSUNG NONGSAN CO., LTD. 06/21/2006 Changed company name to the present name 06/2006 Designated as an Inno-Biz Company |
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Management
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Job Description |
Title |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
Chairman & CEO |
Mr. |
Park Tae-Heon |
Korean |
1943.03.30 |
|
|
President |
Mr. |
Kim Bang-Sik |
Korean |
1960.06.26 |
|
|
Outside Director |
Mr. |
Moon Sung-Boo |
Korean |
1947.05. |
- |
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Auditor |
Mr. |
Kim Sang-Kwang |
Korean |
1950.05.07 |
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|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)06/2014 |
37,602,368,019 |
58,229,660,189 |
6,792,228,427 |
|
(*)06/2013 |
33,072,818,617 |
55,932,670,995 |
5,327,363,508 |
|
(*)06/2012 |
30,507,319,794 |
60,171,964,562 |
4,335,697,425 |
|
06/2011 |
25,129,151,296 |
43,272,716,379 |
5,620,800,489 |
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06/2010 |
21,627,222,371 |
43,444,448,079 |
2,308,232,908 |
|
06/2009 |
23,844,185,553 |
42,947,645,098 |
852,975,378 |
(*)Figures are based on the K-IFRS
Accounting System.
Financial Description
|
Authorized Capital(KRW) |
20,000,000,000 |
|
Paid-Up Capital(KRW) |
2,900,000,000 |
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Total Issued Shares |
5,800,000 |
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Balance Sheet |
|||
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Unit : Korean Won |
As of 06/30/2014 |
As of 06/30/2013 |
As of 06/30/2012 |
|
Total
Assets |
58,229,660,189 |
55,932,670,995 |
60,171,964,562 |
|
Current
Assets |
30,429,845,098 |
37,951,412,688 |
42,258,647,331 |
|
Cash
& Cash Equivalents |
6,220,752,325 |
3,458,232,429 |
522,742,908 |
|
Current
Financial Instruments |
200,000,000 |
1,650,000,000 |
7,700,000,000 |
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Trade
Receivables |
14,812,865,093 |
22,083,515,878 |
19,355,632,226 |
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Other
Receivables |
5,247,583 |
31,665,153 |
61,882,902 |
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Other
Financial Assets |
1,231,359,987 |
3,506,340,426 |
4,882,661,369 |
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Inventories |
7,037,721,384 |
6,467,862,013 |
9,206,655,095 |
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Other
Current Assets |
921,898,726 |
753,796,789 |
529,072,831 |
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Non-Current
Assets |
27,799,815,091 |
17,981,258,307 |
17,913,317,231 |
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Marketable
Financial Instruments |
241,150,000 |
75,960,000 |
84,950,000 |
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Non-Current
Financial Instruments |
2,058,716,110 |
1,564,103,958 |
973,970,467 |
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Tangibles |
23,928,973,690 |
15,102,462,122 |
15,618,245,040 |
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Intangibles |
14,628,096 |
13,195,032 |
10,614,529 |
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Investment_Related
Companies |
1,556,347,195 |
1,225,537,195 |
1,225,537,195 |
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Total
Liabilities |
7,035,676,232 |
11,743,462,504 |
20,470,785,429 |
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Current
Liabilities |
5,852,716,232 |
10,468,767,504 |
18,965,118,288 |
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Trade Payables |
745,710,595 |
33,703,231 |
957,983,810 |
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Other
Current Financial Debts |
2,358,084,384 |
7,460,943,659 |
15,795,720,337 |
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Account
Payables |
1,649,540,537 |
1,826,167,106 |
1,383,470,752 |
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Accrued
Expenses |
5,136,247 |
19,631,900 |
69,312,034 |
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Deferred
Income Tax Credit |
993,716,033 |
876,925,860 |
624,855,982 |
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Other
Current Liabilities |
100,528,436 |
251,395,748 |
133,775,373 |
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Non-Current
Liabilities |
1,182,960,000 |
1,274,695,000 |
1,505,667,141 |
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Other
Non-Current Financial Debts |
108,000,000 |
189,000,000 |
143,500,000 |
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Deferred
Income Tax Credit |
1,044,960,000 |
1,085,695,000 |
1,362,167,141 |
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Other
Non-Current Liabilities |
30,000,000 |
|
|
|
Capital
Stock |
2,900,000,000 |
2,900,000,000 |
2,900,000,000 |
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Capital
Surplus |
14,553,504,233 |
14,007,381,008 |
14,007,381,008 |
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Capital
Adjustment |
|
-785,536,014 |
-785,536,014 |
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Profit
Surplus |
33,740,479,724 |
28,067,363,497 |
23,579,334,139 |
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Total
Equity |
51,193,983,957 |
44,189,208,491 |
39,701,179,133 |
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Liab.
& Shareholder’s Equity |
58,229,660,189 |
55,932,670,995 |
60,171,964,562 |
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Income Statement |
|||
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Unit : Korean Won |
As of 06/30/2014 |
As of 06/30/2013 |
As of 06/30/2012 |
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Sales |
37,602,368,019 |
33,072,818,617 |
30,507,319,794 |
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Cost
of Sold Goods |
22,472,867,233 |
19,937,826,406 |
18,904,293,757 |
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Gross
Profit |
15,129,500,786 |
13,134,992,211 |
11,603,026,037 |
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Selling
& Admin. Expenses |
7,979,785,874 |
7,105,245,034 |
6,058,877,608 |
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Operating
Income |
7,149,714,912 |
6,029,747,177 |
5,544,148,429 |
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Other
Income |
877,859,229 |
631,764,189 |
156,603,883 |
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Other
Expenses |
35,641,595 |
360,858,057 |
320,657,693 |
|
Finance
Income |
482,609,635 |
377,414,875 |
336,423,657 |
|
Finance
Expenses |
91,141,021 |
246,860,996 |
436,004,180 |
|
Income
Before Taxes |
8,383,401,160 |
6,431,207,188 |
5,280,514,096 |
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Income
Taxes Expenses |
1,591,172,733 |
1,103,843,680 |
944,816,671 |
|
Net
Income |
6,792,228,427 |
5,327,363,508 |
4,335,697,425 |
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Cash Flows |
|||
|
Unit : Korean Won |
As of 06/30/2014 |
As of 06/30/2013 |
As of 06/30/2012 |
|
Operating
Activities Cash Flows |
16,930,685,263 |
7,280,650,066 |
-16,201,405,580 |
|
Net Income |
6,792,228,427 |
5,327,363,508 |
4,335,697,425 |
|
Adjustment |
10,138,456,836 |
1,953,286,558 |
-20,537,103,005 |
|
Cash
Flows from Investing |
-9,293,597,461 |
5,131,867,138 |
-3,668,272,529 |
|
Cash
Flows from Financing |
-4,874,567,906 |
-9,477,027,683 |
10,292,453,006 |
|
Increase/Decrease
in Cash |
2,762,519,896 |
2,935,489,521 |
-9,577,225,103 |
|
Cash
at the Beginning of Year |
3,458,232,429 |
522,742,908 |
10,099,968,011 |
|
Cash
at the End of Year |
6,220,752,325 |
3,458,232,429 |
522,742,908 |
Products,
Technologies, Services Description
|
Main Products & Services |
Organic Manure |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
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Trade Partners &
Competitors
|
Suppliers |
|
|
Customers |
|
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Competitors |
PUNONG CO., LTD. 1-1, MOA 1-RI, CHEONBUK-MYEON, GYEONGJU-SI, TEL:+82-54-745-3501 FAX:+82-54-745-3506 GREEN BIOTECH CO., LTD. 737-28, SANGJISEOK-RI, GYOHA-EUP, PAJU-SI, TEL:+82-31-946-5614 FAX:+82-31-946-5615 SENONG CO., LTD. 491, BONGGANG-RI, DONG-EUP, CHANGWON-SI, TEL:+82-55-298-1048 FAX:+82-55-299-1309 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Joint Venture |
|
|
Subsidiary |
HYOSUNG ONB (PVT)LTD (100.0% held by the subject company) WELIHENA SOUTH, |
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Corporate Ownership |
|
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Major Shareholders |
|
|
Cooperative |
|
Sales by Region
(Activity & Markets)
Not Available.
Court Action
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.78 |
|
|
1 |
Rs.96.78 |
|
Euro |
1 |
Rs.76.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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|
Report Prepared
by : |
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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 |
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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.