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Report No. : |
309687 |
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Report Date : |
02.03.2015 |
IDENTIFICATION DETAILS
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Name : |
LUNENDER TÊXTIL LTDA. |
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Registered Office : |
Rua Atanasio Rosa,833 – Centro 89270-000 - Guaramirim/SC |
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Country : |
Brazil |
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Date of Incorporation : |
14.10.1981 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Textiles. |
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No. of Employees : |
317 Employees |
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 : |
No Complaints |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Brazil |
A2 |
A2 |
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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 |
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. In 2008,
Brazil became a net external creditor and two 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. Rising inflation led the authorities to take measures to cool the
economy; these actions and the deteriorating international economic situation
slowed growth in 2011-13. Unemployment is at historic lows and Brazil's traditionally
high level of income inequality has declined for each of the last 14 years.
Brazil's historically high interest rates have made it an attractive
destination for foreign investors. Large capital inflows over the past several
years have contributed to the appreciation of the currency, hurting the
competitiveness of Brazilian manufacturing and leading the government to
intervene in foreign exchange markets and raise taxes on some foreign capital
inflows. President Dilma ROUSSEFF has retained the previous administration's
commitment to inflation targeting by the central bank, a floating exchange
rate, and fiscal restraint.
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Source
: CIA |
LUNENDER
TÊXTIL LTDA.
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MAIN ADDRESS: |
RUA ATANASIO ROSA,833 - CENTRO |
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ZIP CODE/CITY: |
89270-000 - GUARAMIRIM/SC |
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PHONE: |
47 3373-7000 |
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FAX: |
47 3373-7000 |
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E-MAIL: |
diego.d@lunender.com.br |
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WEB SITE: |
www.lunender.com.br |
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BRANCHES: |
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ADDRESS: |
AVENIDA CARLOS RAMIRES,1200 SALA A - VILA SANTA ISABEL |
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ZIP CODE/CITY: |
18706-000 AVARÉ/SP |
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CNPJ: |
75.552.133/0009-27 |
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MAIN ACTIVITIES: |
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MANUFACTURE OF TEXTILES. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
14/10/1981 |
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REGISTER DATE: |
14/10/1981 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
75.552.133/0001-70 |
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STATE REGISTER: |
250.826.755 |
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SHARE CAPITAL: |
R$ 34.774.288,00 |
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BOARD OF
DIRECTORS: |
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DÊNIS LUIZ LUNELLI |
MANAGER |
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FRANCISCO LUX NETO |
MANAGER |
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VIVIANE CECILIA LUNELLI |
MANAGER |
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THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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ANTIDIO ALEIXO LUNELLI |
0,01% |
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ABIMEX IMPORTAÇÃO E EXPORTAÇÃO S/A |
99,99% |
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AFFILIATES /
SUBSIDIARIES: |
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A SCAN THROUGH
OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
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LUNENDER INDUSTRIA DO VESTUÁRIO LTDA |
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AVARÉ TEXTIL LTDA |
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LUNENDER PARTICIPAÇÕES LTDA |
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ITAPOCU ADMINISTRAÇÃO E PARTICIPAÇÕES LTDA |
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ABMODA PARTICIPAÇÕES LTDA |
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MAGEAL ADMINISTRAÇÃO E PARTICIPAÇÕES LTDA |
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LUNELLI PARTICIPAÇÕES LTDA |
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CERIDO INDUSTRIA DE CONFECÇÕES LTDA |
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DJ COMUNICAÇÕES E EXPLORAÇÃO DE SERVIÇOS DE RADIODIFUSÃO LTD |
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THE SUBJECT WAS ESTABLISHED ON OCTOBER 14, 1981 AS LUNENDER S/A TO BE ENGAGED
IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED THE ABOVE MENTIONED NAME AND
UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. TRADE NAME: "LUNENDER". FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. DIEGO, FINANCIAL
DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION
UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED. IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF
THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER
INFORMATION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR
DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES
USUALLY INVESTIGATED. |
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PUBLIC INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
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DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE
BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY DECLINED
TO PROVIDE ANY KIND OF FINANCIAL INFORMATION. OUTSIDE SOURCES CONTACTED SHOWED NO FINANCIAL DATA ABOUT THIS COMPANY.
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EXCHANGE RATE: |
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US$ 1,00 = R$ 2,88 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT
THE SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
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NOT AVAILABLE. |
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NOT AVAILABLE. |
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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"). |
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MANUFACTURE OF TEXTILES. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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NOT AVAILABLE. |
EXPORTS TO:
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NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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NOT AVAILABLE. |
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STAFF: |
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THE COMPANY HAS: 317 EMPLOYEE(S) |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1981. SO
FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL. THE
SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS
ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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CDC BRASIL DIST. DE TECNOLOGIAS ESPECIAIS LTDA |
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COPAPEL COM. REPRES. PAPEL LTDA |
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MARISOL IND. VEST. LTDA |
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SILMAQ S/A |
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TECNOBLU IND. COM. IMP. EXP. LTDA |
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PAYMENT HISTORY: |
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27 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 2.446.304,00 |
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AMOUNT OF INVOICES PAID: 366 |
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TOTAL OF PROMPT PAYMENTS: 99,1% |
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TOTAL OF DELAYED PAYMENTS: 0,9% |
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HIGHEST INVOICE: R$ 87.287,00 |
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HIGHEST CREDIT: R$ 87.287,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 90 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
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DUE WITHIN 30 DAYS |
3 |
8 |
R$ 14.886,86 |
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DUE WITHIN 60 DAYS |
1 |
2 |
R$ 1.619,49 |
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DUE WITHIN 90 DAYS |
1 |
1 |
R$ 904,86 |
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BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR NORMAL
BUSINESS COMMITMENTS. CREDIT FACILITIES, HOWEVER, SHOULD BE GRANTED ON FULLY
SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.79 |
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1 |
Rs.95.42 |
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Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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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 |
-- |
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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.