MIRA INFORM REPORT
|
Report No. : |
320785 |
|
Report Date : |
04.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
CORINO MACCHINE S.P.A. |
|
|
|
|
Registered Office : |
Strada Statale 231, 3/C, 12066 -
Monticello d'Alba (CN) -IT- |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
20.01.1983 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of textile machinery, machinery and systems for auxiliary treatment
of textiles, sewing and weaving machines (including spare parts and
accessories) |
|
|
|
|
No. of Employees : |
From 36 to 50 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Italy |
A2 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
ITALY - ECONOMIC OVERVIEW
Italy has a diversified economy, which is divided into a
developed industrial north, dominated by private companies, and a
less-developed, highly subsidized, agricultural south, where unemployment is
higher. The Italian economy is driven in large part by the manufacture of
high-quality consumer goods produced by small and medium-sized enterprises,
many of them family-owned. Italy also has a sizable underground economy, which
by some estimates accounts for as much as 17% of GDP. These activities are most
common within the agriculture, construction, and service sectors. Italy is the
third-largest economy in the euro-zone, but its exceptionally high public debt
and structural impediments to growth have rendered it vulnerable to scrutiny by
financial markets. Public debt has increased steadily since 2007, topping 132%
of GDP in 2014, but investor concerns about Italy and the broader euro-zone
crisis eased in 2013, bringing down Italy's borrowing costs on sovereign
government debt from euro-era. The government still faces pressure from
investors and European partners to sustain its efforts to address Italy's
long-standing structural impediments to growth, such as labor market
inefficiencies and tax evasion. In 2014 economic growth and labor market
conditions continued to deteriorate, with overall unemployment rising to 12.2%
and youth unemployment around 40%. Italy's GDP is now nearly 10% below its 2007
pre-crisis level.
|
Source
: CIA |
Company
Name & address
CORINO MACCHINE S.P.A.
Strada Statale 231, 3/C
12066 - Monticello d'Alba (CN) -IT-
Summary
|
Fiscal Code |
: |
00841410046 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
20/01/1983 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
10.000.000/12.750.000 |
|
Number of Employees |
: |
from 36 to 50 |
Activity
Manufacture of textile machinery, machinery and systems for auxiliary
treatment of textiles, sewing and weaving machines (including spare parts and
accessories)
Legal
Data
Legal Form : Joint stock company
|
Register of Handcraft firms : 50190 |
|
Register of Handcraft firms : 50190 of Cuneo |
|
Fiscal Code : 00841410046 |
|
Foreign Trade Reg. no. : CN008277 since 30/01/1992 |
|
Foreign Trade Reg. no. : 008277 of Cuneo since 30/01/1992 |
|
Foreign Trade Reg. no. : M272119 of Cuneo |
|
Chamber of Commerce no. : 130185 of Cuneo since 26/01/1983 |
|
Firms' Register : CN003-3160 of Cuneo since 19/02/1996 |
|
V.A.T. Code : 00841410046 |
|
Tribunal Co. Register : 3160 of |
|
Foundation date |
: 11/01/1983 |
|
|
Establishment date |
: 11/01/1983 |
|
|
Start of Activities |
: 20/01/1983 |
|
|
Legal duration |
: 31/12/2050 |
|
|
Nominal Capital |
: 500.000 |
|
|
Subscribed Capital |
: 500.000 |
|
|
Paid up Capital |
: 500.000 |
|
Legal mail : |
CORINOMACCHINE@PEC.IT |
Members
|
|
Corino |
Roberto |
|
|
Born in Alba |
(CN) |
on 19/05/1953 |
- Fiscal Code : CRNRRT53E19A124O |
|
|
Residence: |
Cherasca |
, 45 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Board Chairman |
30/04/2014 |
||
|
Director |
30/04/2014 |
||
|
Managing Director |
30/04/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bubbio |
Donatella |
|
|
Born in Alba |
(CN) |
on 26/07/1957 |
- Fiscal Code : BBBDTL57L66A124H |
|
|
Residence: |
San Paolo |
, 4 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Managing Director |
30/04/2014 |
||
|
Director |
30/04/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Bubbio |
Tiziana |
|
|
Born in Alba |
(CN) |
on 03/10/1961 |
- Fiscal Code : BBBTZN61R43A124Y |
|
|
Residence: |
Cherasca |
, 45 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2014 |
||
|
Managing Director |
30/04/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Coraglia |
Maurizio |
|
|
Born in Baldissero d'Alba |
(CN) |
on 29/01/1956 |
- Fiscal Code : CRGMRZ56A29A589L |
|
|
Residence: |
Gavai |
, 11 |
- 12040 |
Baldissero d'Alba |
(CN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Technical Manager |
30/04/2003 |
|
|
Corino |
Paolo |
|
|
Born in Alba |
(CN) |
on 05/02/1987 |
- Fiscal Code : CRNPLA87B05A124H |
|
|
Residence: |
Le Cherasca |
, 45 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
30/04/2014 |
||
|
Managing Director |
30/04/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
|
|
Corino |
Francesco |
|
|
Born in Alba |
(CN) |
on 18/12/1988 |
- Fiscal Code : CRNFNC88T18A124L |
|
|
Residence: |
Cherasca |
, 45 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
18/12/2014 |
||
|
Managing Director |
18/12/2014 |
|
|
No Prejudicial events are reported |
|
|
No Protests registered |
Companies
connected to members *
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have holded
positions.
|
|
Corino |
Roberto |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CORINO ENGINEERING S.R.L." ABBREVIABILE"CORINO S.R.L. IN
LIQUIDAZIONE |
Monticello d'Alba (CN) - IT - |
01970480040 |
Sole Director |
Withdrawn |
Registered |
|
|
Bubbio |
Donatella |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
CORINO ENGINEERING S.R.L." ABBREVIABILE"CORINO S.R.L. IN
LIQUIDAZIONE |
Monticello d'Alba (CN) - IT - |
01970480040 |
Liquidator |
Withdrawn |
Registered |
The indication "REGISTERED" as Firm Status could refer to
Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we advise to request further
investigations.
Capital
Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Corino Roberto |
Alba - IT - |
CRNRRT53E19A124O |
450.000 .Eur |
90,00 |
|
Bubbio Donatella |
Alba - IT - |
BBBDTL57L66A124H |
50.000 .Eur |
10,00 |
Direct
Participations
The Company under review has no participations in other Companies.
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
since 20/01/1983 |
|
231 |
, 3/C |
- 12066 |
- Monticello d'Alba |
(CN) |
- IT - |
|
PHONE |
: 0173440576 |
|
FAX |
: 0173363695 |
|
Legal mail |
: CORINOMACCHINE@PEC.IT |
|
Employees |
: 38 |
|
Assistants |
: 3 |
|
Fittings and Equipment for a value of 9.000 |
Eur |
|
Stocks for a value of 1.270.000 |
Eur |
Sales are on an international scale.
The firm operates abroad as exporter..
Export represents from 20% to 50% of the global turnover.
Products abroad are placed by :
|
- its own agents |
Export is mainly towards:
|
- Italy |
|
- France |
|
- Ireland |
|
- |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited partnership |
General partnership |
18/06/1985 |
|
General partnership |
Limited liability company |
19/09/1989 |
|
Limited liability company |
Joint stock company |
11/04/2005 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Corino Macchine di Roberto Corino eamp; S. s.a.s. |
18/06/1985 |
|
|
Corino Macchine di Roberto Corino eamp; C. s.n.c. |
19/09/1989 |
EX-MEMBERS / EX-POSITIONS:
|
|
Corino |
Roberto |
|
|
Born in Alba |
(CN) |
on 19/05/1953 |
- Fiscal Code : CRNRRT53E19A124O |
|
|
Residence: |
Cherasca |
, 45 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Ex-Postions |
|
Partner |
|
Chairman |
|
|
Barile |
Bruno |
|
|
Born in Montelupo Albese |
(CN) |
on 18/06/1957 |
- Fiscal Code : BRLBRN57H18F550U |
|
|
Residence: |
Enotria |
, 1 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Borgogno |
Maurizio |
|
|
Born in Torino |
(TO) |
on 28/10/1963 |
- Fiscal Code : BRGMRZ63R28L219G |
|
|
Residence: |
Orti |
, 25/C |
- 12042 |
Bra |
(CN) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
Chairman of the Board of Aud. |
|
|
Manfredi |
Renzo |
|
|
Born in Fossano |
(CN) |
on 05/10/1929 |
- Fiscal Code : MNFRNZ29R05D742O |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Verilio |
Alessandro |
|
|
Born in Roma |
(RM) |
on 29/04/1968 |
- Fiscal Code : VRLLSN68D29H501K |
|
|
Residence: |
Cuneo |
, 168 |
- 12042 |
Bra |
(CN) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Dabbene |
Gianna Maria |
|
|
Born in Torino |
(TO) |
on 07/02/1958 |
- Fiscal Code : DBBGNM58B47L219W |
|
|
Residence: |
Santuario |
, 3 |
- 12030 |
Cavallermaggiore |
(CN) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
DAMONTE |
SILVANO |
|
|
Born in CANALE |
(CN) |
on 27/10/1954 |
- Fiscal Code : DMNSVN54R27D573Y |
|
|
Residence: |
GOITO |
, 2 |
- 12043 |
Canale |
(CN) |
- IT - |
|
Ex-Postions |
|
Chairman of the Board of Aud. |
|
|
Rodo |
Maria Jose |
|
|
Born in Camerana |
(CN) |
on 30/11/1942 |
- Fiscal Code : RDOMJS42S70B467H |
|
|
Residence: |
Cauda |
, 110 |
- 12051 |
Alba |
(CN) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Barbero |
Giovanni |
|
|
Born in Alba |
(CN) |
on 15/05/1956 |
- Fiscal Code : BRBGNN56E12A124X |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Marengo |
Pier Giorgio |
|
|
Born in Cherasco |
(CN) |
on 18/07/1957 |
- Fiscal Code : MRNPGR57L18C599J |
|
|
Residence: |
Ambrogio Mathis |
, 10 |
- 12042 |
Bra |
(CN) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
Protests
Protests checking on the subject firm has given a negative result.
Data
Base Prejudicial Events Search
Search performed on a National Scale
|
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
Legal
Procedures
None reported, standing to the latest received edition of the Official Publications.
Financial
and Economical Analysis
Subject is active since 1983
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 3,81% in 2013 with a stable trend in the turnover.
The operating result in 2013 was positive (2,95%) falling within the
field's average.
The amount of the operating result is equal to Eur. 266.163 with an
increase of 29,57% if the compared to the previous financial year.
The gross operating margin of the latest financial year is of Eur.
545.272 on the same levels as the previous financial year.
The company has an excellent net worth if compared to its debts, with a low
indebtedness (0,76) and with an upward trend compared to the previous year.
The management generated equity capital for an amount of Eur. 3.184.215
, unchanged if compared to 2012.
During the last financial year debts totalled Eur. 4.451.924 (Eur. 415.560
of which were m/l term debts) , a more or less stable value.
The company does not exceed in bank credits; payments average period is
instead slightly high (135,94 gg.) however still within the sector's average.
Liquidity is good (1,4)
On average trade credits are collected in 88,6 days. , a value lower
than the sector's average.
2013 financial year closed with a cash flow of Eur. 400.351
In the last financial year labour cost was of Eur. 1.804.542, with a
18,11% incidence on total costs of production. , whereas the incidence on sales
revenues is of 17,6%.
The financial management has a limited economic impact, equal to -0,13%
on the sales.
Financial
Data
|
|
Complete balance-sheet for the year |
al 31/12/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
10.254.427 |
|
Profit (Loss) for the period |
121.242 |
|
|
Complete balance-sheet for the year |
al 31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
10.543.278 |
|
Profit (Loss) for the period |
142.603 |
|
|
Complete balance-sheet for the year |
al 31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
9.509.825 |
|
Profit (Loss) for the period |
39.897 |
|
|
Complete balance-sheet for the year |
al 31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
8.553.994 |
|
Profit (Loss) for the period |
75.985 |
Balance Sheets
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/12/2013 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
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|
|
RATIOS |
Value Type |
as at 31/12/2013 |
as at 31/12/2012 |
as at 31/12/2011 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,37 |
0,41 |
0,44 |
0,18 |
|
Elasticity Ratio |
Units |
0,63 |
0,58 |
0,56 |
0,80 |
|
Availability of stock |
Units |
0,14 |
0,17 |
0,17 |
0,24 |
|
Total Liquidity Ratio |
Units |
0,48 |
0,41 |
0,39 |
0,48 |
|
Quick Ratio |
Units |
0,18 |
0,04 |
0,06 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,76 |
1,19 |
1,25 |
3,25 |
|
Self Financing Ratio |
Units |
0,35 |
0,36 |
0,34 |
0,19 |
|
Capital protection Ratio |
Units |
0,80 |
0,79 |
0,82 |
0,63 |
|
Liabilities consolidation quotient |
Units |
0,33 |
0,24 |
0,25 |
0,19 |
|
Financing |
Units |
1,40 |
1,32 |
1,48 |
3,80 |
|
Permanent Indebtedness Ratio |
Units |
0,50 |
0,47 |
0,46 |
0,36 |
|
M/L term Debts Ratio |
Units |
0,15 |
0,11 |
0,12 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
0,00 |
0,13 |
0,21 |
0,63 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,34 |
1,13 |
1,06 |
1,75 |
|
Current ratio |
Units |
1,40 |
1,25 |
1,17 |
1,21 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,08 |
0,88 |
0,81 |
0,81 |
|
Structure's primary quotient |
Units |
0,95 |
0,86 |
0,78 |
1,03 |
|
Treasury's primary quotient |
Units |
0,40 |
0,09 |
0,12 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
283,16 |
280,85 |
295,87 |
516,42 |
|
Current Capital ( net ) |
Value |
1.603.934 |
1.007.496 |
710.415 |
422.465 |
|
RETURN |
|||||
|
Return on Sales |
% |
3,90 |
4,00 |
4,05 |
3,35 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
3,81 |
4,66 |
1,37 |
5,13 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
7,95 |
8,02 |
5,95 |
14,77 |
|
Return on Investment ( R.O.I. ) |
% |
2,95 |
2,39 |
2,53 |
4,16 |
|
Return/ Sales |
% |
2,60 |
1,95 |
2,30 |
4,11 |
|
Extra Management revenues/charges incid. |
% |
45,55 |
69,42 |
18,27 |
28,57 |
|
Cash Flow |
Value |
400.351 |
421.759 |
385.041 |
122.482 |
|
Operating Profit |
Value |
266.163 |
205.419 |
218.431 |
144.752 |
|
Gross Operating Margin |
Value |
545.272 |
484.575 |
563.575 |
241.990 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
88,60 |
89,62 |
101,05 |
111,85 |
|
Debts to suppliers average term |
Days |
135,94 |
124,54 |
137,08 |
128,30 |
|
Average stock waiting period |
Days |
44,52 |
51,27 |
56,73 |
80,43 |
|
Rate of capital employed return ( Turnover ) |
Units |
1,14 |
1,23 |
1,10 |
1,08 |
|
Rate of stock return |
Units |
8,09 |
7,02 |
6,35 |
4,45 |
|
Labour cost incidence |
% |
17,60 |
16,78 |
17,99 |
19,12 |
|
Net financial revenues/ charges incidence |
% |
-0,13 |
-0,38 |
-0,44 |
-1,08 |
|
Labour cost on purchasing expenses |
% |
18,11 |
16,98 |
18,59 |
19,02 |
|
Short-term financing charges |
% |
0,77 |
1,46 |
1,40 |
2,68 |
|
Capital on hand |
% |
87,93 |
81,59 |
90,86 |
91,91 |
|
Sales pro employee |
Value |
183.114 |
191.695 |
250.258 |
198.432 |
|
Labour cost pro employee |
Value |
32.223 |
32.168 |
45.025 |
35.779 |
Remarks
1) Protests checking (relative to the last five years) performed by crossing
and matching the members names and the Firm's Style with the reported
addresses, is supplied by the Informatic Registry managed by the Italian
Chamber of Commerce. If the fiscal code is not indicated, the eventual
homonymous cases are submitted to expert staff evaluation in order to limit
wrong matching risks.
2) The Legal Data, supplied and retrived from the Firm's Registry of the
Italian Chamber of Commerce, are in line with the last registered
modifications.
3) Risk evaluation and Credit Opinion have been performed on the base of
the actual data at the moment of their availability.
Market
/ Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector
Data
The values are calculated on a base of 1.206 significant companies.
The companies cash their credits on an average of 112 dd.
The average duration of suppliers debts is about 128 dd.
The sector's profitability is on an average of 3,35%.
The labour cost affects the turnover in the measure of 19,12%.
Goods are held in stock in a range of 80 dd.
The difference between the sales volume and the resources used to realize
it is about 1,08.
The employees costs represent the 19,02% of the production costs.
Statistical
Detrimental Data
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 27.019 protested subjects are found; in the province they
count to 1.458.
The insolvency index for the region is 0,63, , while for the province it
is 0,26.
Total Bankrupt companies in the province : 1.299.
Total Bankrupt companies in the region : 14.165.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.