MIRA INFORM REPORT

 

 

Report Date :

03.09..2014

 

IDENTIFICATION DETAILS

 

Name :

VAN DER WINDT PACKAGING LIMITED

 

 

Formerly Known As :

ALUMROF LIMITED

 

 

Registered Office :

Units 4 5 And 6 Boland Industrial Park Mallow Road 180014

 

 

Country :

Ireland

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

05.03.1980

 

 

Com. Reg. No.:

IE074112

 

 

Legal Form :

Private Company

 

 

Line of Business :

Sales of Packaging Products

 

 

No of Employees :

12

 

 

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)

Ireland

B1

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

IRELAND - ECONOMIC OVERVIEW

 

Ireland is a small, modern, trade-dependent economy. Ireland was among the initial group of 12 EU nations that began circulating the euro on 1 January 2002. GDP growth averaged 6% in 1995-2007, but economic activity has dropped sharply since the onset of the world financial crisis. Ireland entered into a recession in 2008 for the first time in more than a decade, with the subsequent collapse of its domestic property market and construction industry. Property prices rose more rapidly in Ireland in the decade up to 2007 than in any other developed economy. Since their 2007 peak, average house prices have fallen 47%. In the wake of the collapse of the construction sector and the downturn in consumer spending and business investment, the export sector, dominated by foreign multinationals, has become an even more important component of Ireland's economy. Agriculture, once the most important sector, is now dwarfed by industry and services. In 2008 the former COWEN government moved to guarantee all bank deposits, recapitalize the banking system, and establish partly-public venture capital funds in response to the country's economic downturn. In 2009, in continued efforts to stabilize the banking sector, the Irish Government established the National Asset Management Agency (NAMA) to acquire problem commercial property and development loans from Irish banks. Faced with sharply reduced revenues and a burgeoning budget deficit, the Irish Government introduced the first in a series of draconian budgets in 2009. In addition to across-the-board cuts in spending, the 2009 budget included wage reductions for all public servants. These measures were not sufficient to stabilize Ireland’s public finances. In 2010, the budget deficit reached 32.4% of GDP - the world's largest deficit, as a percentage of GDP - because of additional government support for the country’s deeply troubled banking sector. In late 2010, the former COWEN government agreed to a $92 billion loan package from the EU and IMF to help Dublin recapitalize Ireland’s fragile banking sector and avoid defaulting on its sovereign debt. Since entering office in March 2011, the new KENNY government has intensified austerity measures to try to meet the deficit targets under Ireland's EU-IMF program. Ireland has grown slowly since 2011, but managed to reduce the budget deficit to 7.2% of GDP in 2013. In late 2013, Ireland formally exited its EU-IMF bailout program, benefiting from its strict adherence to deficit-reduction targets and success in refinancing a large amount of banking-related debt.

 

Source : CIA

 

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Name:                      VAN DER WINDT PACKAGING LIMITED

Company No:                            IE074112

Company Status:                       Active - Accounts Filed

Registered Address:                   UNITS 4 5 AND 6 BOLAND INDUSTRIAL PARK MALLOW ROAD 180014

 

s

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

3

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

12

 

Current Directors

Name

PATRICK WHELAN

Date of Birth

29/06/1955

Officers Title

 

Nationality

 

Present Appointments

1

Function

Director

Appointment Date

21/09/1994

 

 

Address

4 LANDSBOROUGH, DOUGLAS, CORK

Other Actions

View Director Report

 

View AML Report

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

PIETER JOHANNES VAN LEEUWEN

Date of Birth

15/03/1956

Officers Title

 

Nationality

 

Present Appointments

1

Function

Director

Appointment Date

15/05/2013

 

 

Address

KEUKENHOFLAAN 53, 2548 PC THE HAGUE, THE NETHERLANDS

Other Actions

View Director Report

 

View AML Report

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

MAAS VAN ES

Date of Birth

27/11/1959

Officers Title

 

Nationality

 

Present Appointments

1

Function

Director

Appointment Date

15/05/2013

 

 

Address

LEMOENAPPEL 11 - 6922, AC DUIVEN, THE NETHERLANDS

Other Actions

View Director Report

 

View AML Report

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

 

Name

JOAN LEHANE

Date of Birth

-

Officers Title

 

Nationality

 

Present Appointments

1

Function

Company Secretary

Appointment Date

15/05/2013

 

 

Address

KILGOBNET, DRIPSEY, CO. CORK

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

LIAM BERGIN

2

52

GEORGE FRANCIS PAYNE GUY

0

4

WILLIAM JOHN MCMULLAN

0

1

DEREK SCALLY

1

31

EUGENE RAYMOND MURPHY

0

2

EUGENE RAYMOND MURPHY

0

2

COLMAN O'NEILL

11

28

CORNELIS WILLIAM DE JONGH

6

31

BILLY DAVIS

6

32

HILARY MCCOWEN

4

24

EAMONN LIGHTHOLDER

29

2

MICHEL JANSEN

29

1

 

 

NEGATIVE INFORMATION

 

Mortgage Summary

Total Mortgage

9

Outstanding

1

Satisfied

8

CJ

Total Number of Exact CJs -

0

Total Value of Exact CJs -

€0

Total Number of Possible CJs -

0

Total Value of Possible CJs -

€0

Total Number of Satisfied CJs -

0

Total Value of Satisfied CJs -

€0

Possible CJ Details

There are no possible CJ details

Writ Details

Unregistered - Exact CJ Details

No CJs found

Unregistered - Possible CJ Details

No CJs found

Registered - Exact CJ Details

No CJs found

Registered - Possible CJ Details

No CJs found

Mortgage Details

Mortgage Type:

A charge on uncalled share capital of the company. A charge created or evidenced by an instrument wh

Date Charge Created:

19/06/07

 

 

Date Charge Registered:

02/07/07

 

 

Date Charge Satisfied:

-

 

 

Status:

NOT SATISFIED

 

 

Person(s) Entitled:

DEUTSCHE BANK AG, LONDON BRANCH

Amount Secured:

 

Details:

All present and future Obligations of each Obligor to the Secured Creditors (or any of them) under or in relation to any one or more of the Senior Finance Documents on a full indemnity basis (the "Secured Obligations1') (definitions contained in Schedule 1 attached to Form C1)

 

Mortgage Type:

A charge on uncalled share capital of the company. A charge created or evidenced by an instrument wh

Date Charge Created:

08/09/04

 

 

Date Charge Registered:

24/09/04

 

 

Date Charge Satisfied:

07/09/07

 

 

Status:

FULLY SATISFIED

 

 

Person(s) Entitled:

DEUTSCHE BANK AG (LONDON BRANCH)

Amount Secured:

 

Details:

ALL MONIES OBLIGATIONS AND LIABILITIES WHATSOEVER WHETHER PRINCIPAL OR SURETY UNDER THE GUARANTEE. CAPITALISED TERMS ARE DEFINED IN THE FURTHER PARTICULARS

 

Mortgage Type:

A charge on uncalled share capital of the company. A charge created or evidenced by an instrument wh

Date Charge Created:

21/05/04

 

 

Date Charge Registered:

09/06/04

 

 

Date Charge Satisfied:

07/09/07

 

 

Status:

FULLY SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC.

Amount Secured:

 

Details:

All monies, obligations and liabilities whatsoever whether principal, interest or otherwise due to the Hedging Bank by the Company whether as principal or surety under the Guarantee. Capitalised terms are defined in the Further Particulars.

 

Mortgage Type:

A charge on uncalled share capital of the company. A charge created or evidenced by an instrument wh

Date Charge Created:

11/03/04

 

 

Date Charge Registered:

31/03/04

 

 

Date Charge Satisfied:

07/09/07

 

 

Status:

FULLY SATISFIED

 

 

Person(s) Entitled:

ALLIED IRISH BANKS PLC

Amount Secured:

 

Details:

ALL PRESENT AND FUTURE LIABILITIES OF EACH COMPANY AND ANY OTHER OBLIGOR TO THE SECURED CREDITORS (OR ANY OF THEM) UNDER OR IN RELATION TO ANY ONE OR MORE OF THE SENIOR FINANCE DOCUMENTS SAVE AS SET OUT IN THE DEED. CAPITALISED DEFINED IN THE FURTHER PARTICULARS ATTACHED TO THE C1 FORM

 

Mortgage Type:

COMPOSITE GUARANTEE AND DEBENTURE.

Date Charge Created:

09/02/00

 

 

Date Charge Registered:

29/02/00

 

 

Date Charge Satisfied:

20/09/04

 

 

Status:

FULLY SATISFIED

 

 

Person(s) Entitled:

IIB BANK LIMITED

Amount Secured:

 

Details:

ALL MONEYS, OBLIGATIONS AND LIABILITIES DUE OR TO BECOME DUE WITH INTEREST UNDER SPECIFIC AGREEMENT(S)

 

Mortgage Type:

COMPOSITE GUARANTEE AND DEBENTURE.

Date Charge Created:

09/02/00

 

 

Date Charge Registered:

28/02/00

 

 

Date Charge Satisfied:

20/09/04

 

 

Status:

FULLY SATISFIED

 

 

Person(s) Entitled:

IIB BANK LIMITED

Amount Secured:

 

Details:

ALL MONEYS, OBLIGATIONS AND LIABILITIES DUE OR TO BECOME DUE WITH INTEREST UNDER SPECIFIC AGREEMENT(S)

 

Mortgage Type:

COMPOSITE GUARANTEE AND DEBENTURE.

Date Charge Created:

07/02/00

 

 

Date Charge Registered:

28/02/00

 

 

Date Charge Satisfied:

20/09/04

 

 

Status:

FULLY SATISFIED

 

 

Person(s) Entitled:

UBS AG

Amount Secured:

 

Details:

ALL MONEYS, OBLIGATIONS AND LIABILITIES DUE OR TO BECOME DUE WITH INTEREST UNDER SPECIFIC AGREEMENT(S)

 

Mortgage Type:

COMPOSITE DEBENTURE.

Date Charge Created:

07/02/00

 

 

Date Charge Registered:

28/02/00

 

 

Date Charge Satisfied:

20/09/04

 

 

Status:

FULLY SATISFIED

 

 

Person(s) Entitled:

ALLIED IRISH BANKS PLC AS SECURITY AGENT FOR ITSELF AND OTHERS AS LISTED ON C1

Amount Secured:

 

Details:

ALL MONEYS, OBLIGATIONS AND LIABILITIES DUE OR TO BECOME DUE WITH INTEREST UNDER SPECIFIC AGREEMENT(S)

 

Mortgage Type:

COMPOSITE DEBENTURE.

Date Charge Created:

23/11/99

 

 

Date Charge Registered:

13/12/99

 

 

Date Charge Satisfied:

20/09/04

 

 

Status:

FULLY SATISFIED

 

 

Person(s) Entitled:

ALLIED IRISH BANKS, P.L.C., AS SECURITY AGENTY FOR ITSELF AND OTHERS AS LISTED ON FORM 47 S/N 2432970,

Amount Secured:

 

Details:

ALL MONEYS, OBLIGATIONS AND LIABILITIES DUE OR TO BECOME DUE WITH INTEREST UNDER SPECIFIC AGREEMENT(S)

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

CGTWO BV

EUR

100

ORDINARY

1.27

Unable to report percentage holdings as filed Shareholder listing is not full.

 

 

PAYMENT INFORMATION

 

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade

0

Total Value of Documented Trade

€0

 

Trade Payment Information

Average Invoice Value

621.25

Invoices available

10

Paid

10

Outstanding

0

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

Average Invoice Value

€621.25

Invoices available

10

Paid

10

Outstanding

0

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

0

9

1

0

0

Outstanding

0

0

0

0

0

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

4 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

-

Ownership Status

Wholly Owned

Ultimate Holding Company

J C PAARDEKOOPER BINNENMAAS HOLDING BV

 

Group structure

Company Name

 

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

J C PAARDEKOOPER BINNENM...

 

N/A

-

-

 

CG TWO BV

 

N/A

-

-

 

VAN DER WINDT PACKAG...

 

IE074112

31.12.2012

N

€4,282,528

VAN DER WINDT PACKAG...

 

02189102

31.12.2012

N

£3,822,730

 

 

FINANCIAL INFORMATION

 

 

Profit & Loss

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

EUR

(%)

EUR

(%)

EUR

(%)

EUR

(%)

EUR

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

€4,282,528

-1.1%

€4,329,463

-

-

-

-

-

-

Export

€292,477

-9.4%

€322,788

-

-

-

-

-

-

Cost of Sales

€3,227,051

0.6%

€3,206,671

-

-

-

-

-

-

Gross Profit

€1,055,477

-6%

€1,122,792

-

-

-

-

-

-

Wages & Salaries

€535,720

-5.3%

€565,907

-

-

-

-

-

-

Directors Emoluments

€95,590

-

€95,590

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

€16,303

-62.7%

€43,673

-

-

-

-

-

-

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

€105,254

-2.8%

€108,291

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

€105,254

-2.8%

€108,291

-

-

-

-

-

-

Dividends Payable

€4,878,634

-

-

-

-

-

-

-

-

Retained Profit

-€4,773,380

-999.9%

€108,291

-

-

-

-

-

-

 

Balance Sheet

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Tangible Assets

€31,198

5.4%

€29,607

-

0

-

0

-

0

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

€31,198

5.4%

€29,607

-

0

-

0

-

0

Stock

€509,155

-28.2%

€708,855

-

0

-

0

-

0

Trade Debtors

€852,874

-2.8%

€877,222

-

0

-

0

-

0

Cash

€212,642

-29.9%

€303,322

-

0

-

0

-

0

Other Debtors

€155,433

-97.5%

€6,139,995

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

€1,730,104

-78.5%

€8,029,394

-

0

-

0

-

0

Trade Creditors

€740,099

-17.2%

€893,751

-

0

-

0

-

0

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

€162,372

-89.4%

€1,532,939

-

0

-

0

-

0

Miscellaneous Current Liabilities

€239,079

0%

€239,179

-

0

-

0

-

0

Total Current Liabilities

€1,141,550

-57.2%

€2,665,869

-

0

-

0

-

0

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

Capital & Reserves

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Called Up Share Capital

€127

-

€127

-

-

-

-

-

-

P & L Account Reserve

€619,625

-88.5%

€5,393,005

-

-

-

-

-

-

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

€619,752

-88.5%

€5,393,132

-

-

-

-

-

-

 

Other Financial Items

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Net Worth

€619,752

-88.5%

€5,393,132

-

-

-

-

-

-

Working Capital

€588,554

-89%

€5,363,525

-

-

-

-

-

-

Total Assets

€1,761,302

-78.1%

€8,059,001

-

-

-

-

-

-

Total Liabilities

€1,141,550

-57.2%

€2,665,869

-

-

-

-

-

-

Net Assets

€619,752

-88.5%

€5,393,132

-

-

-

-

-

-

 

Cash Flow

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

€619,752

-88.5%

€5,393,132

-

-

-

-

-

-

Number of Employees

12

-

12

-

-

-

-

-

-

Auditors

DELOITTE & TOUCHE

Auditor Comments

The audit report contains no adverse comments

Bankers

ALLIED IRISH BANK

Bank Branch Code

93-13-49

 

Ratios

Date Of Accounts

31/12/12

31/12/11

31/12/10

31/12/09

31/12/08

Pre-tax profit margin %

2.46

2.50

-

-

-

Current ratio

1.52

3.01

-

-

-

Sales/Net Working Capital

7.28

0.81

-

-

-

Gearing %

0

0

0

0

0

Equity in %

35.20

66.90

-

-

-

Creditor Days

62.90

75.14

-

-

-

Debtor Days

72.49

73.75

-

-

-

Liquidity/Acid Test

1.06

2.74

-

-

-

Return On Capital Employed %

16.98

2

-

-

-

Return On Total Assets Employed %

5.97

1.34

-

-

-

Current Debt Ratio

1.84

0.49

-

-

-

Total Debt Ratio

1.84

0.49

-

-

-

Stock Turnover Ratio %

11.88

16.37

-

-

-

Return on Net Assets Employed %

16.98

2

-

-

-

 

 

FOREIGN EXCHANGE RATES

Na

 

 

ADDITIONAL INFORMATION

 

Enquiries Trend

There have been 25 enquiries in the last 12 months.

There are an average of 2 reports taken each month

 

 

3 MONTHS

6 MONTHS

9 MONTHS

Enquiries

1

11

19

Status History

No Status History found

Event History

Date

Description

23/05/2014

Annual Returns

22/05/2014

New Accounts Filed

22/05/2014

New Accounts Filed

02/11/2013

Annual Returns

15/05/2013

EAMONN LIGHTHOLDER has resigned as company secretary

15/05/2013

MICHEL JANSEN has left the board

15/05/2013

COLMAN O'NEILL has left the board

15/05/2013

New Company Secretary (JOAN LEHANE) appointed

15/05/2013

New Board Member (MAAS VAN ES) appointed

15/05/2013

New Board Member (PIETER JOHANNES VAN LEEUWEN) appointed

19/12/2012

New Accounts Filed

18/12/2012

Annual Returns

26/11/2011

Annual Returns

26/11/2011

New Accounts Filed

01/11/2010

Annual Returns

 

Rating History

Date

Rating

Description

 

22/05/2014

87

Very Good Credit Worthiness

31/12/2013

Not Rated

Financial Statements too old

19/12/2012

Not Rated

Section 17 (Southern Ireland)

24/11/2012

Not Rated

Financial Statements too old

26/11/2011

Not Rated

Section 17 (Southern Ireland)

Show more

23/11/2011

Not Rated

Financial Statements too old

09/11/2009

Not Rated

Section 17 (Southern Ireland)

03/11/2009

Not Rated

Financial Statements too old

17/10/2007

0

Section 17 (Southern Ireland)

31/08/2007

0

Financial Statements too old

 

Limit History

Date

Limit

 

 

 

22/05/2014

€52,000

 

 

09/11/2009

-

 

 

03/11/2009

-

 

 

17/10/2007

€0

 

 

31/08/2007

€0

 

 

 

Previous Company Names

Date

Previous Name

N/A

ALUMROF LIMITED

 

NOTES & COMMENTS

 

Commentary

No exact match CCJs are recorded against the company.

 

The company's credit rating has increased from not rated to 87 which indicates very good creditworthiness.

 

There has been no significant change in the company's credit limit.

 

Sales in the latest trading period decreased 1.1% on the previous trading period.

 

Net Worth decreased by 88.5% during the latest trading period.

 

 

A 78.1% decline in Total Assets occurred during the latest trading period.

 

Pre-tax profits decreased by 2.8% compared to the previous trading period.

 

The company saw a decrease in their Cash Balance of 29.9% during the latest trading period.

 

The audit report contains no adverse comments.

 

No recent changes in directorship are recorded.

 

The company is part of a group.

 

The company was established over 34 years ago.

 

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FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.61

UK Pound

1

Rs.100.48

Euro

1

Rs.79.56

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SHG

 

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

 

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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%)

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.