MIRA INFORM REPORT
|
Report Date : |
27.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROTAIR S.P.A. |
|
|
|
|
Registered Office : |
Via Bernezzo, 67 12023 - Caraglio (CN) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
06.04.1970 |
|
|
|
|
Legal Form : |
Joint stock company with sole shareholder |
|
|
|
|
Line of Business : |
Manufacturer of Other Pumps and Compressors |
|
|
|
|
No. of Employees : |
From 51 to 70 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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
ROTAIR S.P.A.
Via Bernezzo, 67
12023 - Caraglio (CN) -IT-
Summary
|
Fiscal Code |
: |
00210890042 |
|
Legal Form |
: |
Joint stock company with sole shareholder |
|
start of Activities |
: |
06/04/1970 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
15.500.000/18.000.000 |
|
Number of Employees |
: |
from 51 to 70 |
Activity
Manufacture of other pumps and compressors
Legal
Data
Legal Form : Joint stock company with sole
shareholder
|
Fiscal Code : 00210890042 |
|
Foreign Trade Reg. no. : 270836 of Cuneo |
|
Chamber of Commerce no. : 85673 of Cuneo
since 16/04/1970 |
|
Firms' Register : CN078-2523 of Cuneo
since 19/02/1996 |
|
V.A.T. Code : 00210890042 |
|
Tribunal Co. Register : 2523 of |
|
Foundation date |
: 06/04/1970 |
|
|
Establishment date |
: 06/04/1970 |
|
|
Start of Activities |
: 06/04/1970 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 601.950 |
|
|
Subscribed Capital |
: 601.950 |
|
|
Paid up Capital |
: 601.950 |
Members
|
|
Donadio |
Giovanni |
|
|
Born in Caraglio |
(CN) |
on 09/02/1935 |
- Fiscal Code : DNDGNN35B09B719J |
|
|
Residence: |
Cesare Battisti |
, 111 |
- 12023 |
Caraglio |
(CN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Vice-Chairman |
28/05/2014 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Donadio |
Giuseppe |
|
|
Born in Caraglio |
(CN) |
on 06/05/1965 |
- Fiscal Code : DNDGPP65E06B719F |
|
|
Residence: |
Matteotti |
, 43 |
- 12023 |
Caraglio |
(CN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
28/05/2014 |
||
|
Director |
28/05/2014 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Musso |
Marco |
|
|
Born in Cuneo |
(CN) |
on 17/10/1959 |
- Fiscal Code : MSSMRC59R17D205J |
|
|
Residence: |
Rittanolo |
, 95 |
- 12023 |
Caraglio |
(CN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/05/2014 |
|
|
Donadio |
Lorella |
|
|
Born in Cuneo |
(CN) |
on 06/01/1972 |
- Fiscal Code : DNDLLL72A46D205J |
|
|
Residence: |
Matteotti |
, 39 |
- 12023 |
Caraglio |
(CN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/05/2014 |
|
|
Varadaraj |
Jairam |
|
|
Born in Coimbatore |
( ) |
on 08/01/1961 |
|
|
Residence: |
Tea Estate |
, 228 |
Coimbatore |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
28/05/2014 |
||
|
Director |
28/05/2014 |
|
|
No Protests
registered |
|
|
Jayaraman |
Jayashankar |
|
|
Born in Kumbakonam Tamilnadu |
( ) |
on 13/08/1961 |
|
|
Residence: |
A4-grn Madhuritha Appts |
, 22 |
Chennai Tamilnadu |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/05/2014 |
|
|
Elgi Compressors
Italy S.r.l. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
21/09/2012 |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
|
|
Elgi Compressors
Italy S.r.l. |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
|
No Prejudicial
events are reported |
|
|
No Protests
registered |
Companies connected to members*
*checkings have been performed on a national
scale.
In this module are listed the companies in
which members hold or have holded positions.
|
|
Donadio |
Giovanni |
|
Firm's
Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
OLEOTEC S.A.S. DI MUSSO MARCO E
DONADIOGIUSEPPE E C. |
- - |
02052860042 |
Limited Partner |
Withdrawn |
Registered |
|
Oleodinamica M.D. |
CARAGLIO (CN) - IT - |
Managing
Director |
Active |
Registered |
|
|
I.C.M. SOCIETA' IN ACCOMANDITA SEMPLICEDI
DURBANO GIOVANNI, MUSSO MARCO eamp; C. - |
Caraglio (CN) - IT - |
00629490046 |
Limited Partner |
Withdrawn |
Registered |
|
|
Donadio |
Giuseppe |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
OLEOTEC S.A.S. DI MUSSO MARCO E
DONADIOGIUSEPPE E C. |
- - |
02052860042 |
General Partner |
Withdrawn |
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.
Capital
Shareholders
Shareholders' list as at date of data
collection:
|
Firm's
Style / Name |
Seat
/ Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Elgi Compressors Italy S.r.l. |
12037081002 |
100,00 |
Direct
Participations
The Company under review has participations
in the following Companies:
|
Firm's
Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
Tecnogranda S.p.a. |
Dronero - IT - |
02885170049 |
1.979 .Eur |
0,11 |
Active |
||
|
Consorzio Versoest |
Saluzzo - IT - |
02930760042 |
3.712 .Eur |
100,00 |
Active |
Firm's
location and structure
In order to carry out its activities the
firm uses the following locations:
|
- |
Legal and
operative seat |
since 06/04/1970 |
|
Bernezzo |
, 67 |
- 12023 |
- Caraglio |
(CN) |
- IT - |
|
PHONE |
: 0171619676 |
|
FAX |
: 0171619677 |
|
- |
Branch |
(Warehouse) |
until 01/06/1995 |
|
Caraglio - Bernezzo |
- 12023 |
- Caraglio |
(CN) |
- IT - |
|
- |
Branch |
(Warehouse) |
since 01/07/2005 |
|
C.l.n. |
, 38 |
- 12023 |
- Caraglio |
(CN) |
- IT - |
|
Employees |
: 61 |
|
Fittings and Equipment for a value of
200.000 |
Eur |
|
Stocks for a value of 6.420.000 |
Eur |
|
Furniture and fittings for a value of
52.000 |
Eur |
|
Vehicles for a value of 21.000 |
Eur |
The firm operates abroad as importer /
exporter..
Export represents from 20% to 50% of the
global turnover.
Products abroad are placed by :
|
- direct orders from foreign companies |
Import comes generally from the following
nations:
|
- Italy |
Export is mainly towards:
|
- Austria |
|
- Italy |
Historical Information and/or Firm's Status
CHANGES TO THE
LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
General partnership |
Limited liability company |
21/01/1980 |
COMPANY STYLE
MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Rotair Caragliese di Musso e Donadio
S.n.c. |
21/01/1980 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Donadio |
Giovanni |
|
|
Born in Caraglio |
(CN) |
on 09/02/1935 |
- Fiscal Code : DNDGNN35B09B719J |
|
|
Residence: |
Cesare Battisti |
, 111 |
- 12023 |
Caraglio |
(CN) |
- IT - |
|
Ex-Postions |
|
Chairman and Managing Director |
|
Managing Director |
|
Director |
|
Board Chairman |
|
|
Pasquale |
Vitale |
|
|
Born in Cuneo |
(CN) |
on 04/11/1943 |
- Fiscal Code : PSQVTL43S04D205X |
|
|
Residence: |
Galimberti |
, 1 |
- 12100 |
Cuneo |
(CN) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Balocco |
Sebastiano |
|
|
Born in Cuneo |
(CN) |
on 21/12/1961 |
- Fiscal Code : BLCSST61T21D742W |
|
|
Residence: |
Roma |
, 124 |
- 12045 |
Fossano |
(CN) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Ghio |
Vilma Enrica |
|
|
Born in Cuneo |
(CN) |
on 19/01/1965 |
- Fiscal Code : GHIVMN65A59D205F |
|
|
Residence: |
Rella |
, 187/D |
- 12020 |
Villar San Costanzo |
(CN) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Tartara |
Luigi |
|
|
Born in Nizza Monferrato |
(AT) |
on 24/04/1941 |
- Fiscal Code : TRTLGU41D24F902U |
|
|
Residence: |
Bassignano |
, 39 |
- 12100 |
Cuneo |
(CN) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Somero |
Franco |
|
|
Born in Ormea |
(CN) |
on 19/11/1941 |
- Fiscal Code : SMRFNC41S19G114P |
|
|
Residence: |
Garibaldi |
, 66 |
- 12075 |
Garessio |
(CN) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Galeasso |
Felice |
|
|
Born in Cuneo |
(CN) |
on 14/09/1946 |
- Fiscal Code : GLSFLC46P14D205U |
|
|
Residence: |
Comba |
, 31 |
- 12010 |
Cervasca |
(CN) |
- IT - |
|
Ex-Postions |
|
Director |
|
Managing Director |
|
|
Donadio |
Lorella |
|
|
Born in Cuneo |
(CN) |
on 06/01/1972 |
- Fiscal Code : DNDLLL72A46D205J |
|
|
Residence: |
Matteotti |
, 39 |
- 12023 |
Caraglio |
(CN) |
- IT - |
|
Ex-Postions |
|
Managing Director |
CEASINGS/INCORPORATIONS/MERGES:
|
|
The firm
absorved |
|
|
Date |
: |
22/09/1983 |
|
|
The firm
absorved |
|
|
|
|
, CARAGLIO (CN) |
- IT - |
|
|
Date |
: |
16/01/1984 |
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
Subject is active since 1970
Balance sheets for the years 2012, 2013 and
2014 were analyzed.
Unstable economic results mark the company's
financial state of affairs. anyway in 2014 a positive result was achieved
(r.o.e. 9,8%). The turnover is growing in the last financial year (more then
100%).
The operating result in 2014 was positive
(8,01%) and in line with the sector's average.
An operating result of Eur. 1.075.512 has
been registered. showing an upward trend more then 100% compared to the
previous financial year.
The economic management produced a gross
operating margin of Eur. 1.248.868 growing by more then 100% if compared to the
year before.
The financial status of the company is
fairly balanced with an indebtedness level of 1,37 with an improving trend as
on the decrease.
With regard to equity capital, an amount of
Eur. 5.383.176 is registered. , unchanged if compared to 2013.
Total indebtedness amounts to Eur.
7.585.854, , a more or less stable value.
Financial debts exposure is under control
while the recourse to commercial credit is rather frequent however still within
the sector's average.
It shows a good range of liquidity.
Credits are collected in 86,84 days on the
average. , more or less in line with the average of the sector.
As far as the cash flow is concerned during
the latest financial year it amounted to Eur. 701.106
During 2014 financial year labour costs
amounted to Eur. 2.748.827, with a 16,85% incidence on production costs. ,
whereas the incidence of such costs on sales revenues is equal to 15,86%.
The financial management has a limited
economic impact, equal to -0,67% on the sales.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/03/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
17.331.746 |
|
Profit (Loss) for the period |
527.750 |
|
|
Complete balance-sheet for the year |
al 31/03/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
4.385.681 |
|
Profit (Loss) for the period |
80.056 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.820.924 |
|
Profit (Loss) for the period |
-188.587 |
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 31/03/2014 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as
at 31/03/2013 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
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|
|
RATIOS |
Value
Type |
as at 31/03/2014 |
as at 31/03/2013 |
as at 31/12/2012 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,16 |
0,15 |
0,16 |
0,26 |
|
Elasticity Ratio |
Units |
0,84 |
0,85 |
0,84 |
0,73 |
|
Availability of stock |
Units |
0,48 |
0,48 |
0,52 |
0,23 |
|
Total Liquidity Ratio |
Units |
0,36 |
0,36 |
0,32 |
0,44 |
|
Quick Ratio |
Units |
0,02 |
0,00 |
0,00 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,37 |
1,77 |
1,67 |
1,74 |
|
Self Financing Ratio |
Units |
0,40 |
0,34 |
0,36 |
0,29 |
|
Capital protection Ratio |
Units |
0,79 |
0,86 |
0,91 |
0,64 |
|
Liabilities consolidation quotient |
Units |
0,06 |
0,05 |
0,06 |
0,22 |
|
Financing |
Units |
1,41 |
1,78 |
1,68 |
2,30 |
|
Permanent Indebtedness Ratio |
Units |
0,43 |
0,38 |
0,39 |
0,46 |
|
M/L term Debts Ratio |
Units |
0,03 |
0,03 |
0,03 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,47 |
0,94 |
0,84 |
0,49 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
2,70 |
2,55 |
2,48 |
1,63 |
|
Current ratio |
Units |
1,48 |
1,38 |
1,40 |
1,32 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,63 |
0,59 |
0,54 |
0,86 |
|
Structure's primary quotient |
Units |
2,51 |
2,33 |
2,26 |
1,05 |
|
Treasury's primary quotient |
Units |
0,03 |
0,01 |
0,00 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
249,40 |
289,98 |
279,89 |
349,01 |
|
Current Capital ( net ) |
Value |
3.643.327 |
3.325.553 |
3.241.721 |
753.266 |
|
RETURN |
|||||
|
Return on Sales |
% |
4,05 |
3,28 |
0,04 |
5,13 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
9,80 |
1,62 |
-3,89 |
7,27 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
16,37 |
3,04 |
-2,54 |
15,95 |
|
Return on Investment ( R.O.I. ) |
% |
8,01 |
1,30 |
2,65 |
5,36 |
|
Return/ Sales |
% |
6,21 |
4,23 |
2,43 |
5,57 |
|
Extra Management revenues/charges incid. |
% |
49,07 |
43,20 |
-52,44 |
42,11 |
|
Cash Flow |
Value |
701.106 |
143.953 |
5.644 |
344.143 |
|
Operating Profit |
Value |
1.075.512 |
185.302 |
359.599 |
359.008 |
|
Gross Operating Margin |
Value |
1.248.868 |
249.199 |
553.830 |
705.726 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
86,84 |
371,79 |
94,44 |
101,37 |
|
Debts to suppliers average term |
Days |
108,67 |
371,27 |
103,15 |
115,52 |
|
Average stock waiting period |
Days |
133,43 |
568,07 |
170,23 |
80,62 |
|
Rate of capital employed return ( Turnover
) |
Units |
1,29 |
0,31 |
1,09 |
1,07 |
|
Rate of stock return |
Units |
2,70 |
0,63 |
2,11 |
4,40 |
|
Labour cost incidence |
% |
15,86 |
15,64 |
15,39 |
16,91 |
|
Net financial revenues/ charges incidence |
% |
-0,67 |
-0,61 |
-0,92 |
-1,19 |
|
Labour cost on purchasing expenses |
% |
16,85 |
16,90 |
15,38 |
17,25 |
|
Short-term financing charges |
% |
1,52 |
0,31 |
1,69 |
2,71 |
|
Capital on hand |
% |
77,46 |
326,00 |
91,60 |
93,00 |
|
Sales pro employee |
Value |
203.902 |
208.841 |
208.745 |
223.920 |
|
Labour cost pro employee |
Value |
32.339 |
32.668 |
32.127 |
35.625 |
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 |
: |
|
Sector
Data
The values are calculated on a base of 918
significant companies.
The companies cash their credits on an
average of 101 dd.
The average duration of suppliers debts is about
116 dd.
The sector's profitability is on an average
of 5,13%.
The labour cost affects the turnover in the
measure of 16,91%.
Goods are held in stock in a range of 81 dd.
The difference between the sales volume and
the resources used to realize it is about 1,07.
The employees costs represent the 17,25% of
the production costs.
Statistical
Detrimental Data
Statistcally the trade activity shows
periods of crisis.
The area is statistically considered lowly
risky.
In the region 27.019 protested subjects are
found; in the province they count to 1.458.
The insolvency index for the region is 0,63,
, while for the province it is 0,26.
Total Bankrupt companies in the province :
1.299.
Total Bankrupt companies in the region :
14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.24 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.77.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.