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Report No. : |
328093 |
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Report Date : |
25.06.2015 |
IDENTIFICATION DETAILS
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Name : |
OOO STIL EKSPRESS |
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Registered Office : |
Ul Kubinskaya 75 Korp 2 Liter B Chast Pom 1-N, (Komnata №48 (Ofi, 196240 G Sankt-Peterburg |
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Country : |
Russia |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
23.12.2011 |
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Com. Reg. No.: |
1117847646520 |
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Legal Form : |
Limited Liability Companies |
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Line of Business : |
Wholesale of Clothing and Footwear |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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) |
|
Russia |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
RUSSIA - ECONOMIC OVERVIEW
Russia has undergone significant changes since the collapse
of the Soviet Union, moving from a globally-isolated, centrally-planned economy
towards a more market-based and globally-integrated economy, but stalling as a
partially reformed, statist economy with a high concentration of wealth in
officials' hands. Economic reforms in the 1990s privatized most industry, with
notable exceptions in the energy and defense-related sectors. The protection of
property rights is still weak and the private sector remains subject to heavy
state interference. Russia is one of the world's leading producers of oil and
natural gas and is also a top exporter of metals such as steel and primary
aluminum. Russia's manufacturing sector is generally uncompetitive on world
markets and is geared toward domestic consumption. Russia's reliance on
commodity exports makes it vulnerable to boom and bust cycles that follow the
volatile swings in global prices. The economy, which had averaged 7% growth
during 1998-2008 as oil prices rose rapidly, was one of the hardest hit by the
2008-09 global economic crisis as oil prices plummeted and the foreign credits
that Russian banks and firms relied on dried up. In 2014, economic growth
declined further when Russia forcibly violated Ukraine’s sovereignty and
territorial integrity, and interfered in Ukraine’s internal affairs. In the
second half of 2014, the Russian ruble lost about half of its value,
contributing to increased capital outflows that reached $151.5 billion for the
year; the ruble remains volatile. Declining oil prices, lack of economic
reforms, and the imposition of foreign sanctions have contributed to the
downturn and created wide expectations the economy will continue to slump. In
April 2015, the Russian Ministry of Economic Development predicted that the
Russia’s economy will contract by 3% in 2015, and average only 2.5% growth
through 2030.
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Source
: CIA |
OOO "STIL
EKSPRESS"
Ul Kubinskaya 75 Korp 2 Liter B Chast Pom 1-N, (Komnata №48
(Ofi, 196240 G Sankt-Peterburg
Tel: 78123221122
Telefax: 78123221130
E-Mail: irina.plotnikova@inflin.ru
Web: www.inflin.ru
|
Legal form |
Limited liability companies (OOO) |
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Established on |
23/12/2011 - Limited liability companies (OOO) |
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Registered on |
23/12/2011, MEZHRAYONNAYA INSPEKTSIYA FNS
ROSSII N 15 PO SANKT-PETERBURGU, RegNr.: 1117847646520 |
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Registered capital |
RUB |
10 000,- |
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Owner |
KHILLSTON INVESTMENTS LIMITED |
% |
100 |
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Sole Executive
Body |
ANDREY
SERGEEVICH LEDNEV |
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General data |
Main activity: |
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Full name: |
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Name in foreign
language: |
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Short name: |
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Residence
address: |
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Permanent
address: |
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Other activities |
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: |
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Agents involved in the sale of textiles |
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Agents involved in the sale of a variety of goods |
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Other wholesale trade |
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Retail sale of clothing |
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Retail sale of footwear and leather goods |
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Transport via railways |
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Freight transport by road |
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Sea and coastal water transport |
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Cargo handling and storage |
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Storage and warehousing |
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Activities in the field of law, accounting and auditing consultancy |
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Other business activities not elsewhere classified |
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Annual turnover |
31/12/2011 |
Enterprise turnover |
RUB |
0,- |
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31/12/2012 |
Enterprise turnover |
RUB |
1 186 006 000,- |
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31/12/2013 |
Enterprise turnover |
RUB |
2 590 126 000,- |
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Remarks |
It should be noted that the name of OOO
“Stil Ekspress” is not mentioned on the website www.inflin.ru. |
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A. The enclosed balance of 2012 is originated from official source, no
data available about authentication. (31.12.2012 - 1000 RUB) - Warning! The figures
stated in the balance sheet may contain error(s). |
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Financials
statements
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Balance |
A 31.12.2012 |
B 31.12.2013 |
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1. ASSETS |
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I. FIXED ASSETS |
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Intangible assets |
0 |
0 |
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The results of research and development |
0 |
0 |
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Intangible research assets |
0 |
0 |
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Tangible research assets |
0 |
0 |
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Fixed assets |
0 |
85 |
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Profitable investments in tangible assets |
0 |
0 |
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Financial investments |
0 |
0 |
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Deferred tax assets |
0 |
0 |
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Other non-current assets |
0 |
0 |
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TOTAL IN SECTION I. |
0 |
85 |
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II. CURRENT ASSETS |
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Inventories |
69 467 |
186 148 |
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VAT on acquired assets |
4 825 |
1 613 |
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Accounts receivable |
286 459 |
403 022 |
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Financial investments (excluding the monetary equivalent) |
0 |
11 |
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Cash and monetary equivalents |
2 |
589 |
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Other current assets |
0 |
0 |
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TOTAL IN SECTION II. |
360 753 |
591 383 |
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BALANCE |
360 753 |
591 468 |
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2. LIABILITIES |
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III. CAPITAL AND RESERVES |
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Authorized capital (share capital, charter capital, deposits capital,
partners capital) |
10 |
10 |
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Treasury stock |
0 |
0 |
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Revaluation of fixed assets |
0 |
0 |
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Additional capital (without revaluation) |
0 |
0 |
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Reserve capital |
0 |
0 |
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Retained earnings (uncovered loss) |
56 205 |
60 385 |
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TOTAL IN SECTION III. |
56 215 |
60 395 |
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IV. LONG-TERM LIABILITIES |
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Borrowed funds |
0 |
0 |
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Deferred tax liabilities |
0 |
0 |
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Provisions |
0 |
0 |
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Other liabilities |
0 |
0 |
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TOTAL IN SECTION IV. |
0 |
0 |
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V. SHORT-TERM LIABILITIES |
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Borrowed funds |
55 536 |
85 |
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Payables |
249 002 |
530 988 |
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Deferred income |
0 |
0 |
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Provisions |
0 |
0 |
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Sonstige Verbindlichkeiten |
0 |
0 |
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TOTAL IN SECTION V. |
304 538 |
531 073 |
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BALANCE |
360 753 |
591 468 |
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A. The enclosed profit and loss account of 2012 is originated from official
source, no data available about authentication. (31.12.2012 - 1000 RUB) |
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PROFIT AND LOSS ACCOUNT |
A 31.12.2012 |
B 31.12.2013 |
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Turnover |
1 186 006 |
2 590 126 |
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Cost of sales |
1 122 588 |
2 525 208 |
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Gross profit (loss) |
63 418 |
64 918 |
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Selling expenses |
12 184 |
34 909 |
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Administrative expenses |
0 |
0 |
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Sales profit (loss) |
51 234 |
30 009 |
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Earnings from other entities |
0 |
0 |
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Interest receivable |
0 |
1 |
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Interest payable |
1 043 |
4 053 |
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Other operating income |
36 077 |
36 888 |
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Other operating expenses |
16 012 |
57 611 |
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Profit (loss) before tax |
70 256 |
5 234 |
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Current profit tax |
14 051 |
1 054 |
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Permanent tax liabilities (assets) |
0 |
7 |
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Change in deferred tax liabilities |
0 |
0 |
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Change in deferred tax assets |
0 |
0 |
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Different |
0 |
0 |
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Net profit (loss) |
56 205 |
4 180 |
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Results of fixed assets revaluation, non-includedin net profit/loss
for period |
0 |
0 |
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Result of other transactions, non included in net profit/loss for
period |
0 |
0 |
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Total financial result for period |
56 205 |
4 180 |
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RATIOS |
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2012 |
2013 |
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Current ratio |
1,18 |
1,11 |
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Quick ratio |
0,96 |
0,76 |
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Average Collection Period |
n/a |
48,58 |
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Payables turnover Period |
n/a |
56,37 |
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Debt ratio |
0,84 |
0,9 |
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Equity to total assets ratio |
0,16 |
0,1 |
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Funding ratio |
0,18 |
0,11 |
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Return on sales |
4,74 |
0,16 |
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Return on Assets |
n/a |
0,88 |
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Return on Equity |
n/a |
7,17 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.66 |
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|
1 |
Rs.100.50 |
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Euro |
1 |
Rs.71.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.