MIRA INFORM REPORT
|
Report No. : |
320298 |
|
Report Date : |
30.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARNOCANALI
S.P.A. |
|
|
|
|
Registered Office : |
Via G. Di Vittorio, 34/36, 50067 -
Rignano Sull'arno (FI) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
23.12.2002 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture
of meters electricity, gas, water and other liquids, analytical precision
balance, apparatus for measuring and regulating (including separate parts and
accessories) |
|
|
|
|
No. of Employees : |
From 11 to 15 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Italy |
A1 |
A1 |
|
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 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 132%
of GDP in 2014, 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 tax evasion. In 2014 economic growth and labor market
conditions continued to deteriorate, with overall unemployment rising to 12.2%
and youth unemployment around 40%. Italy's GDP is now nearly 10% below its 2007
pre-crisis level.
|
Source
: CIA |
Company
Name and address
ARNOCANALI S.P.A.
|
Via |
G. Di Vittorio, |
34/36 |
|
50067 |
- Rignano sull'Arno |
(FI) |
-IT- |
Summary
|
Fiscal Code |
: |
05278390488 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
01/01/2003 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
12.750.000/15.500.000 |
|
Number of Employees |
: |
from 11 to 15 |
Activity
Manufacture
of meters electricity, gas, water and other liquids, analytical precision balance,
apparatus for measuring and regulating (including separate parts and
accessories)
Legal
Data
Legal Form : Joint stock company
|
Fiscal Code : 05278390488 |
|
Chamber of Commerce no. : 534703
of Firenze since 31/12/2002 |
|
V.A.T. Code : 05278390488 |
|
Foundation date |
: 23/12/2002 |
|
Establishment date |
: 23/12/2002 |
|
Start of Activities |
: 01/01/2003 |
|
Legal duration |
: 31/12/2100 |
|
Nominal Capital |
: 100.000 |
|
Subscribed Capital |
: 100.000 |
|
Paid up Capital |
: 100.000 |
|
Legal mail : |
ARNOCANALI@PEC.IT |
Members
|
|
Tassi |
Fernando |
|
|
Born in Reggello |
(FI) |
on 06/06/1938 |
- Fiscal Code : TSSFNN38H06H222S |
|
|
Residence: |
Gamberaia |
, 65 |
- 50012 |
Bagno a Ripoli |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
30/04/2014 |
||
|
Managing Director |
30/04/2014 |
||
|
Director |
30/04/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Tassi |
Stefano |
|
|
Born in Firenze |
(FI) |
on 30/07/1966 |
- Fiscal Code : TSSSFN66L30D612L |
|
|
Residence: |
Gamberaia |
, 65 |
- 50012 |
Bagno a Ripoli |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
30/04/2014 |
||
|
Director |
30/04/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Tassi |
Alberto |
|
|
Born in Firenze |
(FI) |
on 27/02/1974 |
- Fiscal Code : TSSLRT74B27D612Q |
|
|
Residence: |
Del Pratello |
, 2/A |
- 50067 |
Rignano sull'Arno |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2014 |
||
|
Managing Director |
30/04/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Dugini |
Paolo |
|
|
Born in Firenze |
(FI) |
on 15/11/1965 |
- Fiscal Code : DGNPLA65S15D612S |
|
|
Residence: |
Giovanni Lorenzoni |
, 6 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2014 |
|
|
Bonciani |
Marco |
|
|
Born in Reggello |
(FI) |
on 18/09/1960 |
- Fiscal Code : BNCMRC60P18H222T |
|
|
Residence: |
Della Pieve |
, 113 |
- 50067 |
Rignano sull'Arno |
(FI) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2014 |
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.
|
|
Tassi |
Fernando |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Imet S.r.l. |
Rignano sull'Arno (FI) - IT - |
01529400481 |
Director |
Active |
Registered |
|
Arnoi Di Tassi Fernando E C.
S.a.s. |
Rignano sull'Arno (FI) - IT - |
03005590488 |
General Partner |
Active |
Registered |
|
Margheri S.a.s. Di Gori Alberto E
C. |
Incisa Valdarno (FI) - IT - |
03722990482 |
Limited Partner |
Withdrawn |
Registered |
|
Lt S.r.l. |
Rignano sull'Arno (FI) - IT - |
05612410489 |
Sole Director |
Active |
Registered |
|
St.al S.a.s. Di Tassi Alberto E C. |
Rignano sull'Arno (FI) - IT - |
03908720489 |
Life tenant |
Active |
Registered |
|
|
Tassi |
Stefano |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Arnoi Di Tassi Fernando E C.
S.a.s. |
Rignano sull'Arno (FI) - IT - |
03005590488 |
Limited Partner |
Active |
Registered |
|
St.al S.a.s. Di Tassi Alberto E C. |
Rignano sull'Arno (FI) - IT - |
03908720489 |
Limited Partner |
Active |
Registered |
|
|
Tassi |
Alberto |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Imet S.r.l. |
Rignano sull'Arno (FI) - IT - |
01529400481 |
Director |
Active |
Registered |
|
Imet S.r.l. |
Rignano sull'Arno (FI) - IT - |
01529400481 |
Managing Director |
Active |
Registered |
|
Arnoi Di Tassi Fernando E C.
S.a.s. |
Rignano sull'Arno (FI) - IT - |
03005590488 |
Limited Partner |
Active |
Registered |
|
St.al S.a.s. Di Tassi Alberto E C. |
Rignano sull'Arno (FI) - IT - |
03908720489 |
General Partner |
Active |
Registered |
|
St.al S.a.s. Di Tassi Alberto E C. |
Rignano sull'Arno (FI) - IT - |
03908720489 |
Person in charge |
Active |
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 |
|
Tassi Fernando |
Bagno a Ripoli - IT - |
TSSFNN38H06H222S |
2.000 .Eur |
2,00 |
|
Tassi Stefano |
Bagno a Ripoli - IT - |
TSSSFN66L30D612L |
49.000 .Eur |
49,00 |
|
Tassi Alberto |
Rignano sull'Arno - IT - |
TSSLRT74B27D612Q |
49.000 .Eur |
49,00 |
Direct
Participations
The Company under review has no
participations in other Companies.
Firm's
location and structure
In order to carry out its activities
the firm uses the following locations:
|
- |
Legal and operative seat |
|
G. Di Vittorio |
, 34/36 |
- 50067 |
- Rignano sull'Arno |
(FI) |
- IT - |
|
Trading Style: ARNOCANALI |
|
PHONE |
: 0558349181 |
|
FAX |
: 0558349185 |
|
Email |
: info@arnocanali.it |
|
Legal mail |
: ARNOCANALI@PEC.IT |
|
Employees |
: 15 |
|
Fittings and Equipment for a value
of 370.000 |
Eur |
|
Stocks for a value of 1.610.000 |
Eur |
Trade organization: direct or by
agents.
Sales are on an international scale.
The company supplies wholesalers and
resellers.
The firm operates abroad as importer
/ exporter..
Export trade is the 15 % of the
global turnover.
Subject generally proposes terms of
sale between 30 and 60 days.
Financial means used for sale: bank
transfers and bank orders.
Purchases are mainly paid with terms
of 30/90 days.
Main used payment modalities are by
cash orders and bank transfers.
Import comes generally from the
following nations:
|
- Germany |
|
- Spain |
|
- Portugal |
Export is mainly towards:
|
- Europa |
The subject firm uses the following
own selling brands:
|
- ArnoCanali |
Traded Brands / Suppliers
|
- FEMI CZ SPA |
|
- L'ARTIBENI SRL |
Historical Information and/or Firm's Status
EX-MEMBERS / EX-POSITIONS:
|
|
Calderoni |
Fabio |
|
|
Born in Firenze |
(FI) |
on 04/03/1960 |
- Fiscal Code : CLDFBA60C04D612D |
|
|
Residence: |
Leonaro Da Vinci |
, 9/D |
- 50066 |
Reggello |
(FI) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Falco |
Francesco |
|
|
Born in Firenze |
(FI) |
on 02/12/1971 |
- Fiscal Code : FLCFNC71T02D612N |
|
|
Residence: |
Pisana |
, 23 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Romanelli |
Alberto |
|
|
Born in Pistoia |
(PT) |
on 08/09/1941 |
- Fiscal Code : RMNLRT41P08G713L |
|
|
Residence: |
Francesco Ferrucci |
, 43 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Ex-Postions |
|
Director |
|
|
Monogrammi |
Luca |
|
|
Born in Firenze |
(FI) |
on 02/04/1965 |
- Fiscal Code : MNGLCU65D02D612I |
|
|
Residence: |
Alessandro D'ancona |
, 122 |
- 50100 |
Firenze |
(FI) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Gonfiantini |
Francesca |
|
|
Born in Firenze |
(FI) |
on 03/09/1966 |
- Fiscal Code : GNFFNC66P43D612X |
|
|
Residence: |
Roma |
, 231 |
- 50058 |
Signa |
(FI) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
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.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA TOSCANA S.P.A. |
FIL. DI RIGNANO SULL'ARNO |
PIAZZA XXV APRILE, 27.A |
50067 |
Rignano sull'Arno (FI) |
3400 |
38030 |
|
CASSA DI RISPARMIO DI FIRENZE SPA |
VIA UNITA' ITALIANA,34 |
50067 |
Rignano sull'Arno (FI) |
6160 |
38030 |
Financial
and Economical Analysis
The company is active since 2003
The analysis is based on the latest 3
balance sheets.
Under an economic point of view,
profits were registered during the last years with a r.o.e. of 16,48% in 2013
keeping the turnover steady during the last two years.
The operating result in 2013 was
positive (11,66%) falling within the field's average.
An operating result of Eur. 664.706
has been registered. , with no sizeable change as opposed to the year before.
The G.O.M. amounted to Eur. 818.654
stable if compared to the financial year 2012.
The financial status of the company
is fairly balanced with an indebtedness level of 1,08 yet on the increase as
against the previous accounting period.
Subject can manage an equity capital
funds for an amount of Eur. 2.539.828 on stable levels.
The financial management has
recorded total debts amounting to Eur. 2.812.306, , with no sensible variation.
Bank exsposure is limited and the
suppliers' credit is modest too, 63,17 gg. is the payment average period which
is also lower than the sector average.
The management determines a good
range of liquidity.
Trade credits average terms are
slow, on average 96,13 days. but lower if compared to the sector's average.
During financial year 2013 the cash
flow amounted to Eur. 572.443
Labour cost amounts to Eur. 578.300,
with a 4,69% incidence on production costs. , whereas the incidence on sales
revenues is of 4,45%.
The incidence of the financial
charges is of -0,29% on the sales amount.
Financial
Data
|
|
Complete balance-sheet for the
year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
12.999.331 |
|
Profit (Loss) for the period |
418.495 |
|
|
Complete balance-sheet for the
year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
12.824.221 |
|
Profit (Loss) for the period |
477.872 |
|
|
Complete balance-sheet for the
year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
15.420.541 |
|
Profit (Loss) for the period |
800.713 |
|
|
Complete balance-sheet for the
year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
14.234.088 |
|
Profit (Loss) for the period |
757.062 |
|
|
Complete balance-sheet for the
year |
al 31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
12.221.427 |
|
Profit (Loss) for the period |
451.207 |
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 31/12/2013 -
12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2012 -
12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2011 -
12 Mesi - Currency: - Amounts x 1 |
|
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|
|
RATIOS |
Value Type |
as at 31/12/2013 |
as at 31/12/2012 |
as at 31/12/2011 |
Sector Average |
|
COMPOSITION ON INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,09 |
0,09 |
0,07 |
0,21 |
|
Elasticity Ratio |
Units |
0,91 |
0,91 |
0,93 |
0,77 |
|
Availability of stock |
Units |
0,28 |
0,26 |
0,29 |
0,18 |
|
Total Liquidity Ratio |
Units |
0,63 |
0,65 |
0,63 |
0,54 |
|
Quick Ratio |
Units |
0,01 |
0,00 |
0,00 |
0,02 |
|
COMPOSITION ON SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
1,08 |
1,01 |
1,25 |
1,71 |
|
Self Financing Ratio |
Units |
0,45 |
0,47 |
0,42 |
0,27 |
|
Capital protection Ratio |
Units |
0,80 |
0,79 |
0,67 |
0,59 |
|
Liabilities consolidation quotient |
Units |
0,08 |
0,08 |
0,06 |
0,19 |
|
Financing |
Units |
1,11 |
1,01 |
1,25 |
2,33 |
|
Permanent Indebtedness Ratio |
Units |
0,49 |
0,50 |
0,45 |
0,44 |
|
M/L term Debts Ratio |
Units |
0,04 |
0,04 |
0,03 |
0,09 |
|
Net Financial Indebtedness Ratio |
Units |
0,30 |
0,35 |
0,46 |
0,41 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
5,70 |
5,60 |
6,36 |
1,65 |
|
Current ratio |
Units |
1,84 |
1,92 |
1,74 |
1,32 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,27 |
1,37 |
1,19 |
1,00 |
|
Structure's primary quotient |
Units |
5,23 |
5,20 |
5,95 |
1,22 |
|
Treasury's primary quotient |
Units |
0,03 |
0,00 |
0,00 |
0,05 |
|
Rate of indebtedness ( Leverage ) |
% |
224,51 |
214,36 |
236,13 |
376,67 |
|
Current Capital ( net ) |
Value |
2.374.192 |
2.571.334 |
2.569.017 |
796.650 |
|
RETURN |
|||||
|
Return on Sales |
% |
4,40 |
4,82 |
6,06 |
5,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
16,48 |
17,24 |
29,08 |
10,29 |
|
Return on Equity - Gross - (
R.O.E. ) |
% |
25,38 |
26,74 |
44,61 |
22,86 |
|
Return on Investment ( R.O.I. ) |
% |
11,66 |
13,09 |
24,07 |
5,63 |
|
Return/ Sales |
% |
5,11 |
6,07 |
10,15 |
5,38 |
|
Extra Management revenues/charges
incid. |
% |
62,96 |
61,44 |
51,18 |
45,02 |
|
Cash Flow |
Value |
572.443 |
618.110 |
933.889 |
317.766 |
|
Operating Profit |
Value |
664.706 |
777.794 |
1.564.648 |
286.496 |
|
Gross Operating Margin |
Value |
818.654 |
918.032 |
1.697.824 |
442.666 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
96,13 |
107,32 |
95,42 |
122,22 |
|
Debts to suppliers average term |
Days |
63,17 |
66,06 |
59,17 |
130,98 |
|
Average stock waiting period |
Days |
44,71 |
42,76 |
44,73 |
60,49 |
|
Rate of capital employed return (
Turnover ) |
Units |
2,28 |
2,16 |
2,37 |
1,10 |
|
Rate of stock return |
Units |
8,05 |
8,42 |
8,05 |
5,95 |
|
Labour cost incidence |
% |
4,45 |
4,67 |
4,00 |
17,39 |
|
Net financial revenues/ charges
incidence |
% |
-0,29 |
-0,31 |
-2,20 |
-0,94 |
|
Labour cost on purchasing expenses |
% |
4,69 |
4,97 |
4,45 |
18,81 |
|
Short-term financing charges |
% |
1,32 |
1,43 |
9,80 |
2,60 |
|
Capital on hand |
% |
43,86 |
46,32 |
42,16 |
90,41 |
|
Sales pro employee |
Value |
722.185 |
712.456 |
811.607 |
213.861 |
|
Labour cost pro employee |
Value |
32.127 |
33.266 |
32.438 |
36.396 |
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 1.172 significant companies.
The companies cash their credits on
an average of 122 dd.
The average duration of suppliers debts
is about 131 dd.
The sector's profitability is on an
average of 5,35%.
The labour cost affects the turnover
in the measure of 17,39%.
Goods are held in stock in a range
of 60 dd.
The difference between the sales
volume and the resources used to realize it is about 1,10.
The employees costs represent the
18,81% of the production costs.
Statistical
Detrimental Data
Statistically the trade activity
shows periods of crisis.
The area is statistically considered
moderately risky.
In the region 24.960 protested
subjects are found; in the province they count to 5.242.
The insolvency index for the region
is 0,70, , while for the province it is 0,55.
Total Bankrupt companies in the
province : 6.520.
Total Bankrupt companies in the region
: 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.20 |
|
|
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.69.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.