MIRA INFORM REPORT

 

 

Report No. :

330314

Report Date :

10.07.2015

 

IDENTIFICATION DETAILS

 

Name :

LOMAT INTERNATIONAL NV

 

 

Registered Office :

Henri Lebbestraat 190 8790 Waregem

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

27.12.2002

 

 

Com. Reg. No.:

479265221

 

 

Legal Form :

Public Limited Liability Company (BE)

 

 

Line of Business :

Agents involved in the sale of a variety of goods.

 

 

No. of Employee :

4

 

 

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 :

Slow but correct

 

 

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)

Belgium

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

BELGIUM ECONOMIC OVERVIEW

 

This modern, open, and private-enterprise-based economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north. With few natural resources, Belgium imports substantial quantities of raw materials and exports a large volume of manufactures, making its economy vulnerable to shifts in foreign demand, particularly in Belgium’s EU trade partners. Roughly three-quarters of Belgium's trade is with other EU countries. In 2014 Belgian GDP grew by 0.9%, the unemployment rate stabilized at 8.5%, and the the budget deficit was 3.2% of GDP. Prime Minister Charles MICHEL’s center-right government has pledged to further reduce the deficit in response to EU pressure to reduce Belgium’s high public debt, which remains above 100% of GDP, but such efforts could also dampen economic growth. In addition to restrained public spending, low wage growth and high unemployment promise to curtail a more robust recovery in private consumption. The government has pledged to pursue an reform program to improve Belgium’s competitiveness, including changes to tax policy, labor market rules, and welfare benefits. These changes risk worsening tensions with trade unions and triggering extended strikes.

 

Source : CIA

 

Company summary

 

Business number                     479265221

Branche Unit Number 2            123651880

Company name                        LOMAT INTERNATIONAL NV

Address                                   HENRI LEBBESTRAAT 190

8790 WAREGEM

Number of staff                        4

Date of establishment               27/12/2002

Telephone number                   056604980

Fax number                              056620411

 

 

Commentary

 

The business was established over 12 years ago.

The business has 5 employees.

The business is part of a group.

The business has been at the address for over 12 years.

Pre-tax profits decreased by 74% compared to the previous trading period.

The business saw a decrease in their Cash Balance of 78% during the latest trading period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2013

35,592,438

199,046

1,268,424

1,376,858

31/12/2012

33,620,010

774,071

1,233,078

4,051,925

31/12/2011

33,911,704

261,145

1,169,017

4,423,877

 

ACCOUNTS

 

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2013

16,188,395

4

525,523

200,410

31/12/2012

14,642,503

4

525,523

734,808

31/12/2011

14,079,690

4

525,523

245,385

 

 

Trends

 

Profitability

Liquidity

Net worth

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

63.18

Industry  average  payment

73.73

Industry  average  day  sales

109.71

expectation  days

 

outstanding

 

Day  sales  outstanding

125.30

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court action type                       No

 

PROTESTED BILLS

Bill amount                                -

 

NSSO DETAILS

Date of summons                     -

 

 

Company information

 

Business  number

479265221

Company  name

LOMAT  INTERNATIONAL  NV

Fax  number

056620411

Date  founded

27/12/2002

Company  status

active

Company  type

Public  Limited  Liability

 

 

 

Company  (BE)

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2013

Activity  code

46190

Liable  for  VAT

yes

Activity  description

Agents  involved  in  the  sale  of

VAT  Number

BE.0479.265.221  Check  VAT

 

a  variety  of  goods

 

number

Belgian  Bullettin  of  Acts Publications

moniteur  belge

 

 

 

 

Contractor details

 

Registered  contractor

-

number

 

Contractor  description

-

Date  struck  off  register

 

 

 

PERSONNEL  (NSSO  CLASSIFICATION)

 

Code

-

Description

-

 

 

JOINT  INDUSTRIAL  COMMITTEE  (JIC)

 

JIC  Code

207

Description

Joint  committee  for  the  employees  off  he  chemical  industry

category

 

 

 

SIGNIFICANT  EVENTS

 

Event  Date

06/06/2014

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaar 06-06-2014: Herbenoemd als bestuurders voor een periode van 6 jaar : Marc Dewaele (tevens gedelegeerd bestuurder en voorzitter van de raad van bestuur), Claudette Loosveldt en NV MDM (tevens gedelegeerd bestuurder).

 

 

Company accounts

 

ASSETS

 

Annual  accounts

31-12-2013

%

31-12-2012

%

31-12-2011

%

31-12-2010

%

31-12-2009

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

46,709

24.31

37,574

-78.46

174,470

20.44

144,861

-7.25

156,180

Intangible  fixed  assets

5,141

-19.93

6,421

25802

25

0

25

-0.84

25

Tangible  fixed  assets

33,931

41.23

24,025

-60.98

61,570

8.50

56,746

192

19,372

Land  &  building

-

-

-

-

-

-

-

-

-

Plant  &  machinery

3,923

-32.40

5,803

-25.53

7,793

352

1,722

-43.51

3,049

Furniture  &  Vehicles

30,008

64.68

18,222

-66.12

53,778

-2.26

55,023

237

16,323

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

-

-

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

7,636

7.13

7,128

-93.68

112,875

28.13

88,091

-35.60

136,783

Total  current  assets

16,141,686

10.52

14,604,928

5.03

13,905,220

-9.57

15,376,575

35.82

11,321,071

Inventories

2,959,101

-11.09

3,328,141

-5.63

3,526,864

22.67

2,875,083

7.79

2,667,293

Raw  materials  &  consumables

-

-

-

-

-

-

-

-

-

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

2,959,101

-11.09

3,328,141

-5.63

3,526,864

22.67

2,875,083

7.79

2,667,293

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

12,218,810

37.09

8,912,915

-7.17

9,601,291

7.30

8,947,979

31.35

6,812,273

Other  amounts  receivable

294,199

-30.25

421,814

94.45

216,926

-21.26

275,499

58.62

173,687

Cash

363,669

-78.42

1,685,171

253

477,343

-50.15

957,518

5.47

907,856

Miscellaneous  current  assets

121,812

1004

11,025

-86.68

82,796

-51.70

171,418

-32.55

254,129

Total  Assets

16,188,395

10.56

14,642,503

4.00

14,079,690

-9.29

15,521,436

35.24

11,477,251

 

 

LIABILITIES

 

Total  shareholders  equity

1,273,566

2.75

1,239,499

6.03

1,169,041

2.16

1,144,290

5.98

1,079,745

Issued  share  capital

525,523

0

525,523

0

525,523

0

525,523

0.00

525,523

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

748,043

4.77

713,976

10.95

643,519

4.00

618,767

11.65

554,222

Provisions  for  Liabilities  &

0

-

0

-

0

-

0

-

0

Charges

 

 

 

 

 

 

 

 

 

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

14,914,829

11.28

13,403,004

3.81

12,910,649

-10.20

14,377,146

38.27

10,397,506

Other  long  term  loans

150,001

-94.74

2,850,001

-16.89

3,429,306

0.51

3,411,766

0.74

3,386,766

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

150,001

-94.74

2,850,001

-16.89

3,429,306

0.51

3,411,766

0.74

3,386,766

Current  portion  of  long  term  debt

-

-

-

-

68,750

-8.33

75,000

0

75,000

Financial  debts

8,533,105

23.80

6,892,716

3.61

6,652,620

-20.39

8,356,938

77.11

4,718,620

Trade  creditors

6,015,368

105

2,924,189

43.64

2,035,829

7.94

1,886,137

32.44

1,424,162

Amounts  Payable  for  Taxes,

40,344

-7.85

43,783

14.36

38,283

-62.62

102,420

-29.72

145,741

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

176,012

-74.58

692,316

0.94

685,860

25.87

544,886

-15.81

647,217

Total  current  liabilities

14,764,828

39.91

10,553,003

11.30

9,481,343

-13.53

10,965,381

56.41

7,010,740

Total  Liabilities

16,188,395

10.56

14,642,503

4.00

14,079,690

-9.29

15,521,436

35.24

11,477,251

 

 

RATIO ANALYSIS

 

TRADING  PERFORMANCE

 

Profit  Before  Tax

0.56

-75.65

2.30

198

0.77

-59.47

1.90

-33.10

2.84

Return  on  capital  employed

13.98

-26.15

18.93

233

5.68

-56.74

13.13

-16.95

15.81

Return  on  total  assets  employed

1.23

-76.75

5.29

185

1.85

-51.95

3.85

-37.40

6.15

Return  on  net  assets  employed

15.63

-74.97

62.45

179

22.34

-57.28

52.29

-20.05

65.40

Sales  /  net  working  capital

25.85

211

8.30

8.21

7.67

7.27

7.15

24.13

5.76

Stock  turnover  ratio

8.31

-16.06

9.90

-4.81

10.40

14.04

9.12

-15.08

10.74

Creditor  days

63.18

93.80

32.60

43.23

22.76

2.11

22.29

2.48

21.75

Debtor  days

125.30

29.50

96.76

-6.37

103.34

-0.24

103.59

3.47

100.12

 

SHORT  TERM  STABILITY

 

Current  ratio

1.09

-21.01

1.38

-6.12

1.47

5.00

1.40

-13.04

1.61

Liquidity  ratio  /  acid  ratio

0.89

-16.82

1.07

-1.83

1.09

-4.39

1.14

-7.32

1.23

Current  debt  ratio

11.59

36.19

8.51

4.93

8.11

-15.34

9.58

47.61

6.49

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

200,410

-72.73

734,808

199

245,385

-57.40

575,987

-15.38

680,679

Net  worth

1,268,424

2.87

1,233,078

5.48

1,169,017

2.16

1,144,265

5.98

1,079,720

 

LONG  TERM  STABILITY

 

Gearing

681.79

-13.26

786.02

-9.47

868.29

-16.11

1,035.03

36.62

757.62

Equity  in  percentage

7.87

-7.08

8.47

2.05

8.30

12.62

7.37

-21.68

9.41

Total  debt  ratio

11.71

8.33

10.81

-2.08

11.04

-12.10

12.56

30.43

9.63

Working  capital

1,376,858

-66.02

4,051,925

-8.41

4,423,877

0.29

4,411,194

2.34

4,310,331

 

 

PROFIT  &  LOSS

 

Operating  Income

36,673,525

5.28

34,833,313

-0.63

35,055,438

7.46

32,621,999

26.52

25,783,995

Turnover

35,592,438

5.87

33,620,010

-0.86

33,911,704

7.56

31,527,898

26.95

24,835,500

Total  operating  expenses

34,751,615

6.13

32,744,915

0.30

32,646,584

5.70

30,885,492

29.22

23,901,769

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

35,832,702

5.52

33,958,218

0.50

33,790,317

5.66

31,979,593

28.69

24,850,264

Employee  costs

346,010

-1.97

352,974

7.29

328,997

15.09

285,868

3.05

277,413

Wages  and  salary

259,154

-2.72

266,401

10.53

241,019

11.44

216,269

2.89

210,185

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

67,834

-5.54

71,810

7.98

66,503

12.98

58,865

5.51

55,792

Other  employee  costs

19,022

28.85

14,763

-31.26

21,475

100

10,734

-6.14

11,436

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

16,344

13.89

14,351

-30.45

20,633

80.33

11,442

8.39

10,556

Operating  result

840,823

-3.92

875,095

-30.83

1,265,121

96.93

642,406

-31.20

933,731

Total  financial  income

581,853

-57.35

1,364,169

20.07

1,136,152

-30.74

1,640,493

48.02

1,108,303

Total  financial  expenses

1,223,631

-16.49

1,465,193

-31.54

2,140,128

27.04

1,684,570

26.10

1,335,890

Results  on  ordinary  operations

199,046

-74.29

774,071

196

261,145

-56.35

598,329

-15.27

706,143

before  taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

9,555

-

-

-

110

-

-

-

-

Extraordinary  Charges

-

-

7,198

8.44

6,638

-

-

-

-

Extraordinary  items

9,555

132

-7,198

-10.27

-6,528

-

0

-

0

Results  for  the  Year  Before

208,600

-72.80

766,872

201

254,617

-57.45

598,329

-15.27

706,143

Taxation

 

 

 

 

 

 

 

 

 

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

24,534

-47.14

46,415

55.41

29,866

-11.60

33,784

-6.21

36,020

Results  on  ordinary  operations

174,512

-76.02

727,656

214

231,279

-59.03

564,545

-15.76

670,123

after  taxation

 

 

 

 

 

 

 

 

 

Net  result

184,067

-74.45

720,458

220

224,751

-60.19

564,545

-15.76

670,123

Profit  (Loss)  for  the  Year  to  be

184,038

-74.46

720,458

220

224,751

-60.19

564,545

-15.76

670,123

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social Balance Sheet Details

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  31-12-2013

 

Full-time  Employees

3

Part-time  Employees

2

Total  Fte  Employees

5

Number  of  hours  worked

 

Full-time  Employees

5,252

Part-time  Employees

2,816

Total

8,068

Personnel  Charges

 

Full-time  Employees

-

Part-time  Employees

-

Total

346,010

Benefits  In  Addition  To  Wages

4,054

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

5

Actual  working  hours

8,404

Personnel  Charges

352,974

Benefits  In  Addition  To  Wages

4,230

 

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

3

2

5

Contracts

 

 

 

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding Substitution

-

-

-

 

Gender  and  Education Level

Men

Full-Time

Part-Time

Total  Fte

Primary  education

1

-

1

Secondairy  education

-

-

-

Higher  education  (non university)

-

-

-

Higher  education (university)

-

-

-

Women

Full-Time

Part-Time

Total  Fte

Primary  education

2

1

3

Secondairy  education

-

1

1

Higher  education  (non university)

-

-

-

Higher  education (university)

-

-

-

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

3

2

5

Blue  collar  worker

-

-

-

Other

-

-

-

 

 

Temporary  personnel

Total

Average  number  of  temporary  staff

-

Actual  working  hours

-

Cost  of  temporary  staff

-

 

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

-

-

-

Leavers

-

-

-

 

 

Industry comparison

 

Activity code                46190

Activity description      Agents involved in the sale of a variety of goods

 

Payment Information

 

PAYMENT INFORMATION SUMMARY

 

Total number of Invoices available                                                                                                         69

Total number of Invoices paid within or up to 30 days after the due date                                               68

Total number of Invoices paid more than 30 days after the due date                                                      1

Total number of Invoices currently outstanding where the due date has not yet been reached   0

Total number of Invoices currently outstanding beyond the due date                                                     0

 

 

SUSPENSION OF PAYMENTS / MORATORIUM HISTORY

 

Amount                         -

Details                          -

 

PAYMENT EXPECTATIONS

 

Payment expectation days        63.18

Day sales outstanding 125.30

 

INDUSTRY COMPARISON

 

Activity code                            46190

Activity description                  Agents involved in the sale of a variety of goods

Industry average payment

expectation days                      73.73

Industry average day sales

Outstanding                             109.71

 

 

Industry quartile analysis

 

PAYMENT EXPECTATIONS

 

Company result            63.18

Lower                           106.93

Median                         51.65

Upper                           22.43

 

DAY SALES OUTSTANDING

 

Company result            125.30

Lower                           76.53

Median                         33.17

Upper                           10.87

 

 

Shareholder Details

 

SUMMARY

 

Group - Number of Companies                         5

Linkages - Number of Companies                    0

Number of Countries                                        0

 

 

GROUP STRUCTURE

 

Company  name

Number

Latest

 

 

financials

- MDM  NV

438363289

30-06-2014

- - DT  INVEST  BVBA

426757537

31-12-2013

- - LOMAT  INTERNATIONAL  NV

479265221

31-12-2013

- - TMCM  BUILDING  BVBA

842865167

31-12-2013

- - - JML-  IIG  HOLDING  IN  VEREFFENING  BVBA

872448781

31-12-2013

 

MINORITY SHAREHOLDERS

No minority shareholders found

 

MINORITY INTERESTS

No minority interests found

 

 

Linked Companies

 

SUMMARY

Group - Number of Companies             5

Linkages - Number of Companies        0

Number of Countries                            0

 

SUMMONS

There is no data for this company

 

PROTESTED BILLS

There is no data for this company

 

BANKRUPTCY AND OTHER LEGAL EVENTS

There is no data for this company

 

 

Director details

 

CURRENT DIRECTOR DETAILS

 

Name

MARC  AUGUST  JOAN  DEWAELE

Position

Chairman  of  the  Board

Start  Date

27/12/2002

Date  of  birth

17/09/1955

Street

68 SPARRENDREEF  KNOKKE-HEIST

Post  code

8300

Country

Belgium

Position

Managing  Director

Start  Date

06/06/2008

Date  of  birth

17/09/1955

Street

68 SPARRENDREEF  KNOKKE-HEIST

Post  code

8300

Country

Belgium

Position

Director

Start  Date

06/06/2008

Date  of  birth

17/09/1955

Street

68 SPARRENDREEF  KNOKKE-HEIST

Post  code

8300

Country

Belgium

Position

Partner

Start  Date

27/12/2002

Date  of  birth

17/09/1955

Street

68 SPARRENDREEF  KNOKKE-HEIST

Post  code

8300

Country

Belgium

Name

MDM  NV

Position

Managing  Director

Start  Date

08/09/2008

Date  of  birth

29/09/1989

Street

190 HENRI  LEBBESTRAAT  WAREGEM

Post  code

8790

Country

Belgium

Position

Director

Start  Date

08/09/2008

Date  of  birth

29/09/1989

Street

190 HENRI  LEBBESTRAAT  WAREGEM

Post  code

8790

Country

Belgium

Position

Legal  Representative

Start  Date

06/06/2008

Date  of  birth

29/09/1989

Street

190 HENRI  LEBBESTRAAT  WAREGEM

Post  code

8790

Country

Belgium

Name

LC  EST  NV

Position

Partner

Start  Date

27/12/2002

Date  of  birth

18/06/1987

Street

6 INDUSTRIELAAN  TERNAT

Post  code

1740

Country

Belgium

Name

CLAUDETTE  MICHELINE  GEORGETTE  LOOSVELDT

Position

Director

Start  Date

01/01/2010

Date  of  birth

12/01/1955

Street

68 SPARRENLAAN  KNOKKE-HEIST

Post  code

8300

Country

Belgium

Name

THOMAS  DEWAELE

Position

Legal  Representative

Start  Date

02/05/2007

Street

 

Post  code

 

Country

 

 

FORMER DIRECTOR DETAILS

 

Name

LC  EST  NV

Position

Managing  Director

Start  Date

06/06/2008

End  Date

06/06/2014

Date  of  birth

18/06/1987

Street

6 INDUSTRIELAAN  TERNAT

Post  code

1740

Country

Belgium

Position

Director

Start  Date

27/12/2002

End  Date

Unknown  date

Date  of  birth

18/06/1987

Street

6 INDUSTRIELAAN  TERNAT

Post  code

1740

Country

Belgium

Name

SOLAR  BVBA

Position

Director

Start  Date

08/09/2008

End  Date

23/12/2013

Date  of  birth

01/02/2007

Street

190 HENRI  LEBBESTRAAT  WAREGEM

Post  code

8790

Country

Belgium

Position

Legal  Representative

Start  Date

02/05/2007

End  Date

Unknown  date

Date  of  birth

01/02/2007

Street

190 HENRI  LEBBESTRAAT  WAREGEM

Post  code

8790

Country

Belgium

Name

THOMAS  MARCEL  ELVIRE  DEWAELE

Position

Director

Start  Date

20/12/2007

End  Date

31/12/2010

Date  of  birth

14/06/1986

Street

55 BROUWERIJSTRAAT  WAREGEM

Post  code

8790

Country

Belgium

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.51

UK Pound

1

Rs.97.85

Euro

1

Rs.70.50

 

 

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

--

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%)

 

 

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.