MIRA INFORM REPORT

 

 

Report No. :

356724

Report Date :

29.12.2015

 

IDENTIFICATION DETAILS

 

Name :

ANRITSU INFIVIS CO LTD

 

 

Registered Office :

5-1-1 Onna, Atsugi-shi, Kanagawa 2430032

 

 

Country :

Japan

 

 

Financials (as on) :

March 2015

 

 

Date of Incorporation :

09.12.1967

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Manufacturer of Testing and Measuring and Scientific.

 

 

No. of Employee :

367

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

JAPAN ECONOMIC OVERVIEW

 

In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop an advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Scarce in many natural resources, Japan has long been dependent on imported raw materials. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than it was previously on imported fossil fuels. A small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. For three decades, overall real economic growth had been impressive - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the aftereffects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession four times since 2008. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake and the ensuing tsunami in March of that year disrupted manufacturing. The economy has largely recovered in the four years since the disaster, although reconstruction in the affected Tohoku region has lagged, in part due to a shortage of labor in the construction sector. Japan enjoyed a sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Abe’s government has replaced the preceding administration’s plan to phase out nuclear power with a new policy of seeking to restart nuclear power plants that meet strict new safety standards, and emphasizing nuclear energy’s importance as a base-load electricity source. Japan joined the Trans-Pacific Partnership (TPP) negotiations in 2013, a pact that would open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2014 stood as the fourth-largest economy in the world after first-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. While seeking to stimulate and reform the economy, the government must also devise a strategy for reining in Japan's huge government debt, which amounts to more than 230% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8% implemented in April 2014. That increase had a contractionary effect on GDP, however, so PM Abe in late 2014 decided to postpone the final phase of the increase until April 2017 to give the economy more time to recover. Led by the Bank of Japan’s aggressive monetary easing, Japan is making progress in ending deflation, but demographics - low birthrate and an aging, shrinking population - pose major long-term challenges for the economy.

 

Source : CIA

 

Company Details

Country

:

Japan

Business Entity Name

:

ANRITSU INFIVIS CO LTD (1)

Operating Address

:

5-1-1 Onna, Atsugi-shi, Kanagawa 2430032

Tel

:

[+81] 46-2966699

 

:

[+81] 46-2966700

Fax

:

[+81] 46-2966779

Website

:

http://www.anritsu-infivis.com/

Primary Business Activity

:

Manufacturer

Primary Industry

:

Testing and Measuring and Scientific

 

 

 

Key Facts

 

Registered Legal Address

:

5-1-1 Onna, Atsugi-shi, Kanagawa 2430032

Name History

:

Business Entity Name

Effective Date

ANRITSU INDUSTRIAL SOLUTIONS CO LTD

9 Dec, 1967

ANRITSU INFIVIS CO LTD

1 Oct, 2015

License Number

:

0210-01-021502

Date of Registration

:

9 Dec, 1967

Issuing Authority

:

Legal Affairs Bureau, Ministry of Justice - National

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Company Limited

Legal Form - Abbreviation

:

CO LTD

License Status

:

License exists - Normal.

Operational Status of Business

:

Normal

Employees

:

367

Capital

:

n/a (2)

 

Note:

(1) Legal status of the English corporate name
The English name of the Subject Business Entity (SBE) is a randomly selected translation / transliteration made by the owners of the SBE. It is not a registered English corporate name, but simply a translation / transliteration of the local language name.

 

(2) Not applicable.
Based on the current corporate laws of Japan there is no longer a requirement for Authorized Capital.

 

 

 

Financials - Summary 

 

 (Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2013 Annual  

131,387,633

91,960,765

4,962,016

2014 Annual  

125,094,897

86,925,348

4,690,004

2015 Annual  

117,497,305

85,496,310

3,681,897

 

Sales Trend – Analysis

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

-

-

-

-

-

-

-

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http://www.asiancredit.com/Manage/image/down_arrow_04.gif

http://www.asiancredit.com/Manage/image/down_arrow_04.gif

 

 

Key Person

Legal Title

:

President

Name

:

Mr. Fumihiro Tsukasa

Local Name

:

政文祐

Nationality

:

Japanese

 

 

Primary Products

Products / Materials / Services Description

Activity

Check weighers

Manufacturing

Metal detectors

Manufacturing

Weighing equipment

Manufacturing

X-ray inspection equipment

Manufacturing

 

 

 

Fullcheck Report Details

 

 

 

 

 

 

Country

:

Japan

Business Entity Name

:

ANRITSU INFIVIS CO LTD

Primary Business Activity

:

Manufacturer

Primary Industry

:

Testing and Measuring and Scientific

Office Contact Details

Operating Address

:

5-1-1 Onna, Atsugi-shi, Kanagawa 2430032

Tel

:

[+81] 46-2966699

 

:

[+81] 46-2966700

Fax

:

[+81] 46-2966779

Website Details

Website

:

http://www.anritsu-infivis.com/

Status

:

Normal - operational

 

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Measuring and controlling devices, nspf, and parts, nspf

3829

Manufacturing

Scales and balances, except laboratory, and parts, nspf

3596

Manufacturing

 

 

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Scales for continuous weighing of goods on conveyors

8423200000

Manufacturing

Weighing machinery

8423890000

Manufacturing

 

 

CORE BUSINESS DESCRIPTION

 

Core Business

The primary business focus of ANRITSU INFIVIS CO LTD is Manufacturing - Finished products.

Key products include :

·         Metal detectors

·         Check weighers

·         Weighing equipment

·         X-ray inspection equipment


An integral part of the core business includes:

·         Research & Development (R&D)

 

 

DOMESTIC SALES & PURCHASES

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

International Sales (Export)

0%

http://www.global-creditreports.com/image/pie/Domestic_Sales_100.png

 

Annual Purchases Analysis

Percentage

Local Purchases

100%

Imports

0%

http://www.global-creditreports.com/image/pie/Domestic_Sales_100.png

 

 

DIRECT / INDIRECT CORPORATE PARENT DETAILS

 

Direct Corporate Parent

:

ANRITSU CORP

Global Identifier

:

P0025983

Legal Form Category

:

Public Listed Company

Country

:

Japan

Operational Address

:

5-10-27 Minamiazabu Minato-ku Tokyo 1068570

Primary Business Activity

:

Manufacturer

 

 

COMPANY MANAGEMENT

 

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Fumihiro Tsukasa

Japanese

President

-

2

Mr. Shigehisa Yamaguchi

Japanese

Auditor

-

 

 

Management Details - 1

Personal Unique Identifier

:

MI03936487

Name

:

Mr. Fumihiro Tsukasa

Name in local language

:

政文祐

 

Management Details - 2

Personal Unique Identifier

:

MI03936490

Name

:

Mr. Shigehisa Yamaguchi

Name in local language

:

山口重久

 

 

FINANCIALS – SUMMARY

 

(Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2012 Annual

151,360,187

112,621,133

3,280,794

 

The latest Financial Summary of Direct Parent: ANRITSU CORP (Currency: U.S. $'s)

Year

Turnover

Assets

Net Income

2004 Annual

742,000,000

n/a

n/a

 

 

CAPITAL

 

(Currency: JPY - Japanese Yen)

No. of Authorized Shares

:

4,000,000

Paid-up Capital

:

¥ 1,350,000,000

 

 

FINANCIAL STATEMENT - DETAILED

BALANCE SHEET

Currency

:

JPY

Denomination

:

1

Financial Year Ending

:

March

Financial Highlights

2013 Annual

2014 Annual

2015 Annual

Share Capital(*)

1,350,000,000

1,350,000,000

-

Total Liabilities(*)

3,645,000,000

3,963,000,000

-

Assets 

Current Assets(*)

8,144,000,000

8,753,000,000

-

Total Assets(*)

9,563,000,000

10,305,000,000

10,310,000,000

Non Current Assets(*)

1,419,000,000

1,552,000,000

-

Liabilities 

Non Current Liabilities(*)

498,000,000

675,000,000

-

Current Liabilities(*)

3,147,000,000

3,288,000,000

-

Shareholders Funds(*)

5,918,000,000

6,342,000,000

-

 

Current Assets

8,144,000,000

8,753,000,000

-

Fixed Assets

1,419,000,000

1,552,000,000

-

Tangible Fixed Assets

175,000,000

156,000,000

-

Intangible Fixed Assets

121,000,000

158,000,000

-

Investments & Other Assets

1,122,000,000

1,237,000,000

-

Total Assets

9,563,000,000

10,305,000,000

-

Current Liabilities

3,147,000,000

3,288,000,000

-

Fixed Liabilities

498,000,000

675,000,000

-

Paid In Capital

1,350,000,000

1,350,000,000

-

Capital Reserves

1,777,000,000

1,777,000,000

-

Retained Earnings(Loss)

2,781,000,000

3,203,000,000

-

Valuation & Adjustment

10,000,000

12,000,000

-

Total Shareholders Equity

5,918,000,000

6,342,000,000

-

Total Liabilities And Net Assets

9,563,000,000

10,305,000,000

-

Note: (*)

Financial Highlights

 

INCOME STATEMENT

Currency

:

JPY

Denomination

:

1

Financial Year Ending

:

March

Financial Highlights

2013 Annual

2014 Annual

2015 Annual

Turnover(*)

13,663,000,000

14,830,000,000

14,169,000,000

Profit (Loss) Before Tax(*)

747,000,000

797,000,000

-

Profit After Tax attributable to Shareholders(*)

516,000,000

556,000,000

444,000,000

 

Net Sales/Revenue

13,663,000,000

14,830,000,000

-

Cost Of Goods Sold

8,367,000,000

9,270,000,000

-

Gross Profit

5,296,000,000

5,559,000,000

-

Selling, General & Administrative Expenses

4,623,000,000

4,715,000,000

-

Operating Profit(Loss)

673,000,000

844,000,000

-

Non Operating Income

74,000,000

33,000,000

-

Ordinary Profit(Loss)

747,000,000

877,000,000

-

Special Loss

-

80,000,000

-

Pretax Profit(Loss)

747,000,000

797,000,000

-

Provisions For Taxes

273,000,000

326,000,000

-

Income Taxes-Deferred

(41,000,000)

(84,000,000)

-

Net Profit(Loss)

516,000,000

556,000,000

-

Note: (*)

Financial Highlights

 

FINANCIAL RATIOS

Financial Highlights

2013 Annual

2014 Annual

2015 Annual

Growth % 

Year-on-Year Growth

5.39

8.54

(4.46)

Profitability 

Profit Margin (%)

3.78

3.75

3.13

Return on Equity (%)

8.72

8.77

-

Return on Assets (%)

5.40

5.40

4.31

Leverage 

Total Debt Equity (Times)

0.62

0.62

-

Current Debt Equity (Times)

0.53

0.52

-

Long Term Debt to Equity

0.08

0.11

-

Total Asset To Total Equity

1.62

1.62

-

Asset Management 

Total Assets Turnover (Times)

1.43

1.44

1.37

Fixed Assets Turnover (Times)

9.63

9.56

-

Liquidity 

Current Ratio

2.59

2.66

-

 

 

REPUTATION

 

Reference checking for the purpose of establishing ANRITSU INFIVIS CO LTD's reputation within the respective industry failed to reveal any adverse information.

 

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

 

 

DISHONORED CHECKS

 

No Record Found

 

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DEBT

 

No Record Found

 

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CIVIL LITIGATION

 

No Record Found

 

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PERFORMANCE DEFAULTS

 

No Record Found

 

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ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

 

PAYMENT TERMS

 

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

 

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

 

 

BANK DETAILS

 

Bank Name

:

SUMITOMO MITSUI BANKING CORP

Global Identifier

:

P0173197

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

TOKYO-EIGYOBU

SWIFT Code

:

SMBCJPJT

 

Bank Name

:

SUMITOMO MITSUI BANKING CORP

Global Identifier

:

P0173197

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

ATSUGI

SWIFT Code

:

SMBCJPJT

 

 

LOCAL BRANCHES & MANAGEMENT

 

Branch

:

ANRITSU INFIVIS CO LTD - TAKAMATSU-SHI, KAGAWA

Branch Address

:

1-9-18, Imazato-cho, Takamatsu-shi, Kagawa 7600078

Branch Tel

:

81-87-8613183

 

Branch

:

ANRITSU INFIVIS CO LTD - NISHI-KU, HIROSHIMA-SHI

Branch Address

:

5-20-12 Inokuchi, Nishi-ku, Hiroshima-shi, Hiroshima 7330842

Branch Tel

:

81-82-2702763

 

Branch

:

ANRITSU INFIVIS CO LTD - AOI-KU, SHIZUOKA-SHI

Branch Address

:

59-6, Kurogane-cho, Aoi-ku, Shizuoka-shi, Shizuoka 4200851

Branch Tel

:

81-54-2558650

 

Branch

:

ANRITSU INFIVIS CO LTD - MATSUMOTO-SHI, NAGANO

Branch Address

:

2-7-30, Minamimatsumoto, Matsumoto-shi, Nagano 3900832

Branch Tel

:

81-263-280580

 

Branch

:

ANRITSU INFIVIS CO LTD - CHUO-KU, NIIGATA-SHI

Branch Address

:

3-1-63, Yoneyama, Chuo-ku, Niigata-shi, Niigata 9500916

Branch Tel

:

81-25-2434750

 

Branch

:

ANRITSU INFIVIS CO LTD - TAKASAKI-SHI, GUMMA

Branch Address

:

4-11 Sakae-cho, Takasaki-shi, Gumma 3700841

Branch Tel

:

81-276-3272411

 

Branch

:

ANRITSU INFIVIS CO LTD - OMIYA-SHI, SAITAMA

Branch Address

:

1-62-1 Dote-cho, Omiya-shi, Saitama 3300801

Branch Tel

:

81-48-6494045

 

Branch

:

ANRITSU INFIVIS CO LTD - HAKATA-KU, FUKUOKA-SHI

Branch Address

:

2-11-30 Higashihie, Hakata-ku, Fukuoka-shi, Fukuoka 8120007

Branch Tel

:

81-92-4717666

 

Branch

:

ANRITSU INFIVIS CO LTD - YODOGAWA-KU, OSAKA-SHI

Branch Address

:

1-10-31, Mikunihon-machi, Yodogawa-ku, Osaka-shi, Osaka 5320005

Branch Tel

:

81-6-63915202

 

Branch

:

ANRITSU INFIVIS CO LTD - NISHI-KU, NAGOYA-SHI

Branch Address

:

3-25-25 Kaminagoya, Nishi-ku, Nagoya-shi, Aichi 4510025

Branch Tel

:

81-52-5222340

 

Branch

:

ANRITSU INFIVIS CO LTD - IZUMI-KU, SENDAI-SHI

Branch Address

:

2-11-2 Yaotome, Izumi-ku, Sendai-shi, Miyagi 9813112

Branch Tel

:

81-22-7726685

 

Branch

:

ANRITSU INFIVIS CO LTD - CHUO-KU, SAPPORO-SHI

Branch Address

:

5-8, Odori-nishi, Chuo-ku, Sapporo-shi, Hokkaido 0600042

Branch Tel

:

81-11-2316201

 

Branch

:

ANRITSU INFIVIS CO LTD - OTA-KU, TOKYO

Branch Address

:

5-37-1 Kamata, Ota-ku, Tokyo 1440052

Branch Tel

:

81-3-67158789

 

 

RELATED PARTIES

 

 (Subsidiaries , Joint-ventures & Affiliates)

 

The following provides a summary of the number of businesses that are related to ANRITSU INFIVIS CO LTD:

 

TYPE

INTERNATIONAL

Africa

Asia / Pacific

Europe

Middle-East

North America

South America

TOTAL

Subsidiaries

-

2

1

-

1

-

4

Joint-Ventures

-

-

-

-

-

-

-

Minority shareholdings

-

-

-

-

-

-

-

Affiliates

-

-

-

-

-

-

-

Liaison / Representative Offices

-

-

-

-

-

-

-

 

 

International

 

Business Entity Name

:

ANRITSU INDUSTRIAL SOLUTIONS SHANGHAI CO LTD

Global Identifier

:

P3344888

Country

:

China

Relationship

:

Subsidiary

Business Entity Name

:

ANRITSU INFIVIS INC

Global Identifier

:

P3344890

Country

:

USA

Relationship

:

Subsidiary

Business Entity Name

:

ANRITSU INFIVIS LTD

Global Identifier

:

P3344891

Country

:

United Kingdom

Relationship

:

Subsidiary

 

Business Entity Name

:

ANRITSU INFIVIS THAILAND CO LTD

Global Identifier

:

P3344889

Country

:

Thailand

Relationship

:

Subsidiary

 

 

SHAREHOLDERS

 

Total number of shareholders

:

1

Total number of shares

:

983,000

 

Currency

:

JPY - Japanese Yen

 

No.

Shareholders

Country

Shares

Number

Amount (JPY)

%

1

ANRITSU CORP

Japan

983,000

1,350,000,000

100.00

Total

983,000

1,350,000,000

100.00

 

Today's Exchange rate

:

1.00 JPY
Japanese Yen

=

0.008293 USD
United States Dollars

 

 

Based on corporate statutory laws / regulations in Japan, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

 

 

COMPANY DIRECTORS

 

1

 

 

Personal Unique Identifier

:

MI03936488

Name

:

Mr. Akifumi Kubota

Name in local language

:

窪田顕文

 

2

 

 

Personal Unique Identifier

:

MI03936487

Name

:

Mr. Fumihiro Tsukasa

Name in local language

:

政文祐

 

3

 

 

Personal Unique Identifier

:

MI03936489

Name

:

Mr. Toshisumi Taniai

Name in local language

:

谷合俊澄

 

 

 

 

DOMESTIC SUPPLIERS

 

Business Entity Name

Global Identifier

OSAKA SEALING LABEL PRINTING CO LTD

P0213355

RICOH CO LTD

P0194295

SAKANISHI SEIKI CO LTD

P0244832

SANKEI PRINTING CO LTD

P3344898

SYSTEM KIKI KOGYO KK

P3344899

 

 

 

COMPANY DIRECTORS

 

1

 

 

Personal Unique Identifier

:

MI03936488

Name

:

Mr. Akifumi Kubota

Name in local language

:

窪田顕文

 

2

 

 

Personal Unique Identifier

:

MI03936487

Name

:

Mr. Fumihiro Tsukasa

Name in local language

:

政文祐

3

 

 

Personal Unique Identifier

:

MI03936489

Name

:

Mr. Toshisumi Taniai

Name in local language

:

谷合俊澄

 

 

 

 

DOMESTIC SUPPLIERS

 

Business Entity Name

Global Identifier

OSAKA SEALING LABEL PRINTING CO LTD

P0213355

RICOH CO LTD

P0194295

SAKANISHI SEIKI CO LTD

P0244832

SANKEI PRINTING CO LTD

P3344898

SYSTEM KIKI KOGYO KK

P3344899

 

OFFICE & FACILITIES

The following information relates to the Business Entity's office as listed above:

Name

:

ANRITSU INFIVIS CO LTD - ATSUGI-SHI, KANAGAWA

Primary Use

:

Office & Administration facilities

Address

:

5-1-1 Onna, Atsugi-shi, Kanagawa 2430032

Country

:

Japan

Status

:

Operational

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.14

UK Pound

1

Rs.98.69

Euro

1

Rs.72.55

JPY

1

Rs.0.55

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ANK

 

 

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

 

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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.