|
Report No. : |
329712 |
|
Report Date : |
07.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SERRA MORENA COMERCIAL IMPORTADORA E EXPORTADORA LTDA |
|
|
|
|
Registered Office : |
Rua Assungui, 642 - Vila Gumercindo, 04131-001 - São Paulo/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
23.02.1987 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Import and Export of Goods in General. Main Products: Cosmetics, Cd's, Dvd's, Coffee, Juice, Fruit Pulp, Candy,
Chocolate, Spice, Products for daily Food, Medicines, Clothing, Shoes, etc. |
|
|
|
|
No. of Employees : |
12 Employees |
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 : |
Exist |
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) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BRAZIL - ECONOMIC
OVERVIEW
Characterized by large and well-developed agricultural,
mining, manufacturing, and service sectors, and a rapidly expanding middle
class, Brazil's economy outweighs that of all other South American countries,
and Brazil is expanding its presence in world markets. Since 2003, Brazil has
steadily improved its macroeconomic stability, building up foreign reserves,
and reducing its debt profile by shifting its debt burden toward real
denominated and domestically held instruments. Since 2008, Brazil became a net
external creditor and all three of the major ratings agencies awarded
investment grade status to its debt. After strong growth in 2007 and 2008, the
onset of the global financial crisis hit Brazil in 2008. Brazil experienced two
quarters of recession, as global demand for Brazil's commodity-based exports
dwindled and external credit dried up. However, Brazil was one of the first
emerging markets to begin a recovery. In 2010, consumer and investor confidence
revived and GDP growth reached 7.5%, the highest growth rate in the past 25
years. After reaching historic lows of 4.5% in early 2014, the unemployment
rate remains low, but is rising. Brazil's traditionally high level of income
inequality has declined for each of the last 15 years. GDP growth has slowed
since 2011, due to several factors, including: overdependence on exports of raw
commodities, low productivity, high operational costs, persistently high
inflation, and low levels of investment. Brazil’s fiscal and current account
balances have eroded during the past four years as the government attempted to
boost economic growth through targeted tax cuts for industry and incentives to
spur household consumption. After winning re-election in October 2014 by a
historically narrow margin, President Dilma ROUSSEFF appointed a new economic
team led by Finance Minister Joaquim LEVY, who introduced a fiscal austerity
package intended to restore the primary account surplus to 1.2% of GDP and
preserve the country’s investment-grade sovereign credit rating. Brazil seeks
to strengthen its workforce and its economy over the long run by imposing local
content and technology transfer requirements on foreign businesses, by
investing in education through social programs such as Bolsa Familia and the
Brazil Science Mobility Program, and by investing in research in the areas of
space, nanotechnology, healthcare, and energy.
|
Source
: CIA |
SERRA
MORENA COMERCIAL IMPORTADORA E EXPORTADORA LTDA
|
MAIN ADDRESS: |
RUA ASSUNGUI, 642 - VILA GUMERCINDO |
|
ZIP CODE/CITY: |
04131-001 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 5061-0855 |
|
FAX: |
11 5062-7658 |
|
E-MAIL: |
financeiro@serramorena.com |
|
WEB SITE: |
www.serramorena.com |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AVENIDA CALAMA, 1118 SALA 210 - BAIRRO OLARIA |
|
ZIP CODE/CITY: |
76801-308 PORTO VELHO/RO |
|
CNPJ: |
57.149.643/0005-42 |
|
|
|
|
ADDRESS: |
AVENIDA HÉLIO FALCÃO, 530 SALA 108 - BAIRRO BOA VIAGEM |
|
ZIP CODE/CITY: |
51021-070 RECIFE/PE |
|
CNPJ: |
57.149.643/0004-61 |
|
|
|
|
ADDRESS: |
RUA DR. PEDRO FERREIRA, 155 15º ANDAR, SALA 1506 CENTRO |
|
ZIP CODE/CITY: |
88301-030 ITAJAÍ/SC |
|
CNPJ: |
57.149.643/0003-80 |
|
MAIN ACTIVITIES: |
|
IMPORT AND EXPORT OF GOODS IN GENERAL. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
23/02/1987 |
|
REGISTER DATE: |
23/02/1987 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
57.149.643/0001-19 |
|
STATE REGISTER: |
111.742.101.117 |
|
|
|
|
SHARE CAPITAL: |
R$ 1.500.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
CLAUDIONOR MARCHIOLLI |
MANAGING PARTNER |
|
VERA LÚCIA RAMIREZ PAIVA MARCHIOLLI |
MANAGING PARTNER |
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
CLAUDIONOR MARCHIOLLI |
R$ 1.261.950,00 |
|
VERA LÚCIA RAMIREZ PAIVA MARCHIOLLI |
R$ 238.050,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
NOT AVAILABLE. |
|
|
THE SUBJECT WAS ESTABLISHED ON FEBRUARY 23, 1987 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. PARTNERS: CLAUDIONOR MARCHIOLLI, BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF DOCUMENTS,
CPF: 590.814.148-87 AND RG 6.662.138-0 SSP/SP, RESIDENTIAL ADDRESS AT RUA
TUIUCUÊ, 182, JARDIM DA SAUDE, ZIP CIODE 04149-130, SAO PAULO/SP; VERA LUCIA RAMIREZ PAIVA MARCHIOLLI, BRAZILIAN, MARRIED, ENTREPRENEUR,
HOLDER OF DOCUMENTS, CPF: 013.379.138-63 AND RG 10.283.395-3 SSP/SP,
RESIDENTIAL ADDRESS AT RUA TUIUCUÊ, 182, JARDIM DA SAUDE, ZIP CODE 04149-130,
SAO PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
FEDERAL LAWSUIT |
07/05/12 |
12ª VARA DE SP-SP-FEDERAL |
|
GENERAL BALANCE SHEETS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
76.499,36 |
28.278,95 |
19.680,93 |
|
MARKETABLE SECURITIES |
|
|
13.893,21 |
|
CLIENTS |
1.941.752,90 |
2.903.877,51 |
3.798.997,07 |
|
FOREIGN CLIENTS |
20.111,93 |
|
9.972,19 |
|
INVENTORY |
92.241,96 |
99.051,07 |
21.843,52 |
|
ADVANCE TO SUPPLIERS |
|
25.084,94 |
138.000,00 |
|
IMPORTS IN PROGRESS |
727.813,90 |
230.917,99 |
591.508,42 |
|
ADVANCE TO EMPLOYEES |
7.041,10 |
3.382,08 |
100,98 |
|
RECOVERABLE TAXES |
2.189.442,55 |
2.123.387,88 |
6.393.874,21 |
|
CURRENT ACCOUNTS |
385.000,00 |
|
|
|
OTHER |
425.553,58 |
|
1.893,20 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
5.865.457,28 |
5.413.980,42 |
10.989.763,73 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
PARTNERS CURRENT ACCOUNTS |
|
|
5.300,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
|
|
5.300,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
|
|
52.546,21 |
|
FIXED ASSETS |
251.866,98 |
351.799,77 |
1.344.835,85 |
|
INTANGIBLE |
5.200,00 |
5.200,00 |
10.051,87 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
257.066,98 |
356.999,77 |
1.407.433,93 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
6.122.524,26 |
5.770.980,19 |
12.402.497,66 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
SUPPLIERS |
849,00 |
|
278.916,52 |
|
IMPORTS PAYABLE |
1.823.834,13 |
|
4.271.552,07 |
|
TRIBUTARY OBLIGATIONS |
343.474,04 |
537.814,69 |
3.227.312,80 |
|
SOCIAL / LABOR OBLIGATIONS |
36.491,91 |
28.929,04 |
163.038,19 |
|
ADVANCE FROM CLIENTS |
|
|
16.660,00 |
|
ACCOUNTS PAYABLE |
1.836.739,33 |
3.468.939,33 |
58.611,61 |
|
PROVISIONS |
15.127,45 |
21.318,75 |
14.231,07 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
4.056.515,86 |
4.057.001,81 |
8.030.322,26 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
INSTALLMENTS TAXES PAYABLE |
183.314,72 |
144.717,11 |
2.387,51 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
183.314,72 |
144.717,11 |
2.387,51 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
1.500.000,00 |
1.260.000,00 |
1.100.000,00 |
|
ACCRUED PROFIT (LOSS) |
382.693,68 |
309.261,27 |
3.269.787,89 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
1.882.693,68 |
1.569.261,27 |
4.369.787,89 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
6.122.524,26 |
5.770.980,19 |
12.402.497,66 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
GROSS SALES |
23.850.398,37 |
16.330.478,82 |
4.985.228,09 |
|
(-) TAXES ON SALES |
2.533.293,10 |
1.946.420,56 |
615.580,04 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
21.317.105,27 |
14.384.058,26 |
4.369.648,05 |
|
(-) COST OF SOLD GOODS |
18.201.471,59 |
8.893.675,72 |
3.341.446,17 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
3.115.633,68 |
5.490.382,54 |
1.028.201,88 |
|
OPERATING REVENUE (EXPENSE) |
-3.213.072,50 |
-5.475.457,29 |
-738.276,39 |
|
FINANCIAL REVENUE(EXPENSE) |
410.871,23 |
57.175,18 |
-206.976,54 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
313.432,41 |
72.100,43 |
82.948,95 |
|
CONTRIBUTION/INCOME TAX |
|
-17.512,02 |
-21.565,92 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
313.432,41 |
54.588,41 |
61.383,03 |
|
RATIOS: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
1,42 |
|
1,31 |
|
1,37 |
|
|
CURRENT RATIO |
1,45 |
|
1,33 |
|
1,37 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
10,98 |
TIMES |
4,95 |
TIMES |
1,15 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
32,79 |
DAYS |
72,68 |
DAYS |
312,99 |
DAYS |
|
INVENTORY TURNOVER |
197,32 |
TIMES |
89,79 |
TIMES |
152,97 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
,02 |
DAYS |
|
|
30,05 |
DAYS |
|
RETURN ON ASSETS |
3,48 |
TIMES |
2,49 |
TIMES |
,35 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
11,32 |
TIMES |
9,17 |
TIMES |
1,00 |
TIMES |
|
NET WORTH TIE-UP |
,13 |
|
,22 |
|
,31 |
|
|
INDEBTEDNESS |
2,25 |
|
2,68 |
|
1,84 |
|
|
EQUITY RATIO |
30,75 |
% |
27,19 |
% |
35,23 |
% |
|
WORKING CAPITAL RATIO |
44,59 |
% |
33,45 |
% |
36,85 |
% |
|
GENERAL SOLVENCY |
1,44 |
|
1,37 |
|
1,54 |
|
|
RETURN ON NET EQUITY |
16,65 |
% |
3,48 |
% |
1,40 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
1,47 |
% |
,38 |
% |
1,40 |
% |
|
GROSS PROFIT MARGIN |
14,62 |
% |
38,17 |
% |
23,53 |
% |
|
OPERATIONAL RESULT |
1,47 |
% |
,50 |
% |
1,90 |
% |
|
SALES TURNOVER ON LIABILITIES |
5,26 |
TIMES |
3,55 |
TIMES |
,54 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,12 |
- OFFICIAL RATE ON 03/07/2015 |
|
US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2014 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2013 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE FOR 2014 SHOW A SATISFACTORY FINANCIAL STANDING.
THE LEVEL OF INDEBTEDNESS WAS HIGH BUT IT HAS GOOD LIQUIDITY RATIOS AND
POSITIVE WORKING CAPITAL. IT ALSO SHOWS GROWING SALES AND POSTED PROFIT. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
|
NOT AVAILABLE. |
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
0494 |
|
|
BANCO SANTANDER S/A |
3897 |
|
|
CAIXA ECONÔMICA FEDERAL |
|
|
|
REMARKS: IN BRAZIL THE BANKS ARE PROHIBITED BY LAW TO PROVIDE
INFORMATION OR ANY KIND OF COMMENTS ABOUT THEIR CLIENTS. DUE TO THIS LAW
PROHIBITION WE ARE UNABLE TO PROVIDE ANY BANKING DETAILS. ACCORDING TO THE CENTRAL BANK OF BRAZIL OFFICIAL REPORT, THE COMPANY
HAS NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
|
IMPORT AND EXPORT OF GOODS IN GENERAL. MAIN PRODUCTS: COSMETICS, CD'S, DVD'S, COFFEE, JUICE, FRUIT PULP, CANDY, CHOCOLATE,
SPICE, PRODUCTS FOR DAILY FOOD, MEDICINES, CLOTHING, SHOES, ETC. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
CHINA, FRANCE AND URUGUAY. |
EXPORTS TO:
|
UNITED STATES, PANAMA AND URUGUAY. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
ARAÇA TUBA TURBO DIESEL LTDA |
|
|
|
JUNQI P. IMPORTAÇÃO E EXPORTAÇÃO LTDA |
|
|
|
SELF BABY COM. IMP. EXPORT LTDA |
|
|
|
TRIVISAN |
|
|
|
TURBO ANAHANGUERA SISTEMAS AUTOMOTIVOS LTDA |
|
|
|
FOREIGN CLIENTS: |
COUNTRY: |
|
|
CIA INDUSTRIALIZADORA MINERALES S/A |
URUGUAY |
|
|
MELDANA PLU CORP |
PANAMA |
|
|
TEMPEST TELECOM |
UNITED STATES |
|
|
UNIVERSAL WIRLESS |
UNITED STATES |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 12 EMPLOYEE(S) |
|
THE SUBJECT IS A FAMILY-OWNED COMPANY OPERATING SINCE 1987. SO FAR IT
HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEM IS NOTED. LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT AS A USER OF CREDIT
FACILITIES, SINCE SUBJECT MAIN SUPPLIERS ARE SAID TO BE THE FOREIGN
COMPANIES. THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO
TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE
POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY'S TRADE
REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
BENDINI LOGISTICA LTDA |
|
|
|
CAFE SOLUVEL BRASILIA S/A |
|
|
|
CIMENTO RIOGRANDENSE LTDA |
|
|
|
COMERCIAL DIMEL LTDA |
|
|
|
COMERCIAL LTDA - ME |
|
|
|
IND. BEBIDAS XERETA |
|
|
|
JB A SERVIÇOS LTDA - ME |
|
|
|
METALURGICA MOCOCA S/A |
|
|
|
PLASTER COMERCIAL LTDA - EPP |
|
|
|
RITA DE CASSIA PARAIA - ME |
|
|
|
SAN PABLO REPRESENTAÇÕES LTDA |
|
|
|
TNT EXPRESS BRASIL LTDA |
|
|
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
FINANCERA DEMILUR |
URUGUAY |
|
|
GIFTEX COPORATION LTD |
CHINA |
|
|
GLENTOP INTL. CO. LTD. |
CHINA |
|
|
IVH DISTRIBUTION SARL |
FRANCE |
|
|
MOTEURS LEROY SOMER |
|
|
|
PAYMENT HISTORY: |
|
01 SUPPLIER REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.359,00 |
|
|
|
AMOUNT OF INVOICES PAID: 2 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 786,00 |
|
HIGHEST CREDIT: R$ 786,00 |
|
BASED ON THE OVERALL INFORMATION AVAILABLE IT IS BELIEVED THAT GOOD
TRADE RELATIONS MAY BE ESTABLISHED. CREDIT FACILITIES MAY BE EXTENDED WITHIN
TERMS AND AMOUNTS ADEQUATE TO THE COMPANY'S SIZE AND FINANCIAL STRENGTH. A CREDIT LIMIT OF US$ 100.000,00 MAY BE CONSIDERED. HOWEVER, HIGHER
AMOUNTS SHOULD BE GRANTED WITH SOME CAUTION AS SUBJECT HAS A LOW NET EQUITY
AMOUNT AND ONLY THE EXPRESSIVE AND GROWING SALES ARE THE MAIN SOURCE TO
GENERATE THE FUNDS NECESSARY TO FACE THE FINANCIAL AND TRADE COMMITMENTS. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.99.11 |
|
Euro |
1 |
Rs.70.29 |
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 |
-- |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.