MIRA INFORM REPORT
|
Report No. : |
321288 |
|
Report Date : |
06.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
FRATELLI
ZANGHERI E C. - S.R.L. |
|
|
|
|
Registered Office : |
Via
A. Manzoni, 2 Cerasolo Ausa, 47853 –
Coriano (RN) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
31.10.1972 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
· Sawmilling and Planing of Wood · Manufacture of Various Products in Wood (Except Furniture) |
|
|
|
|
No. of Employees : |
From 111 to 130 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 |
A1 |
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 and address
FRATELLI ZANGHERI E
C. - S.R.L.
Via
A. Manzoni, 2 CERASOLO AUSA
47853
- Coriano (RN) -IT-
Summary
|
Fiscal
Code |
: |
00379830409 |
|
Legal
Form |
: |
Limited
liability company |
|
start
of Activities |
: |
26/08/1974 |
|
Equity |
: |
Over
2.582.254 |
|
Turnover
Range |
: |
10.000.000/12.750.000
|
|
Number
of Employees |
: |
from
111 to 130 |
Activity
Sawmilling
and planing of wood
Manufacture
of various products in wood (except furniture)
Legal
Data
Legal
Form : Limited liability company
|
Fiscal
Code : 00379830409 |
|
Foreign
Trade Reg. no. : RN000228 since 17/12/1991 |
|
Foreign
Trade Reg. no. : 228 of Rimini since 17/12/1991 |
|
Foreign
Trade Reg. no. : 000228 of Rimini since 17/12/1991 |
|
Chamber
of Commerce no. : 146773 of Rimini since 15/07/1974 |
|
Firms'
Register : RN014-1537 of Rimini since 19/02/1996 |
|
V.A.T.
Code : 00379830409 |
|
Tribunal
Co. Register : 1537 of |
|
Foundation
date |
:
31/10/1972 |
|
Establishment
date |
:
31/10/1972 |
|
Start
of Activities |
:
26/08/1974 |
|
Legal
duration |
:
31/12/2050 |
|
Nominal
Capital |
:
52.000 |
|
Subscribed
Capital |
:
52.000 |
|
Paid
up Capital |
:
52.000 |
|
Legal
mail : |
FLLI.ZANGHERI@LEGAL-PEC.IT |
Members
|
|
Zangheri |
Gigliola |
|
|
Born
in Rimini |
(FO) |
on
11/08/1940 |
-
Fiscal Code : ZNGGLL40M51H294E |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Zangheri
Cesare Luciano |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Partner |
|
|
No
Prejudicial events are reported |
|
|
No
Protests registered |
|
|
Zangheri |
Barbara |
|
|
Born
in Rimini |
(FO) |
on
27/04/1963 |
-
Fiscal Code : ZNGBBR63D67H294R |
|
|
Residence: |
A.
Bertola |
,
20 |
-
47921 |
Rimini |
(RN) |
-
IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Sole
Director |
12/01/2015 |
|
|
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.
|
|
Zangheri |
Barbara |
|
Firm's
Style |
Seat |
Fiscal
Code |
Position |
Position
Status |
Firm's
Status |
|
Zamar
S.r.l. |
Rimini
(RN) - IT - |
06017140150 |
Sole
Director |
Active |
Registered |
|
Consulenti
Associati S.r.l. |
Rimini
(RN) - IT - |
02585700400 |
Sole
Director |
Active |
Registered |
|
Zangheri
E Associati S.a.s. Di ZangheriBarbara |
Rimini
(RN) - IT - |
07295590967 |
General
Partner |
Active |
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 |
|
Zangheri
Gigliola |
ZNGGLL40M51H294E |
26.000
.Eur |
50,00 |
|
|
Zangheri
Monica |
Rimini
- IT - |
ZNGMNC59M48H294W |
1.040
.Eur |
2,00 |
|
Zangheri
Paolo |
Rimini
- IT - |
ZNGPLA67H10H294L |
1.040
.Eur |
2,00 |
|
Zangheri
Cesare Luciano |
ZNGCRL32H05H294L |
22.880
.Eur |
44,00 |
|
|
Zangheri
Barbara |
Rimini
- IT - |
ZNGBBR63D67H294R |
1.040
.Eur |
2,00 |
Direct
Participations
The
Company under review has participations in the following Companies:
|
Firm's
Style |
Seat |
Fiscal
Code |
Owned
Shares Amount |
%
Ownership |
since
|
until
|
Share
Status |
|
Assindustria
Energia Rimini In Sintesi A Ssoenergia Rimini |
Rimini
- IT - |
03100320401 |
Active |
Firm's
location and structure
In
order to carry out its activities the firm uses the following locations:
|
- |
Legal
and operative seat |
since
31/10/1972 |
|
A.
Manzoni |
,
2 |
-
47040 |
-
Coriano |
(RN) |
-
IT - |
|
PHONE |
:
0541759262 |
|
Legal
mail |
:
FLLI.ZANGHERI@LEGAL-PEC.IT |
|
- |
Office
not registered |
|
Superstrada
Rimini - S. Marino |
,
km. 7,500 |
-
47040 |
-
Coriano |
(RN) |
-
IT - |
|
PHONE |
:
0541759262 |
|
- |
Branch |
(Factory) |
since
01/02/1999 |
|
Manzoni |
,
3 |
-
47040 |
-
Coriano |
(RN) |
-
IT - |
|
PHONE |
:
0541759262 |
|
Employees |
:
119 |
|
Assistants |
:
2 |
|
Fittings
and Equipment for a value of 2.010.000 |
Eur |
|
Stocks
for a value of 2.590.000 |
Eur |
|
Vehiclesquite
satisfactory. |
Sales
are on an international scale.
The
firm operates abroad as importer / exporter..
To
purchase foreign products the firm uses the following channels :
|
-
its own agents |
|
-
direct orders to foreign companies |
Export
represents more than 50% of the global turnover.
Products
abroad are placed by :
|
-
its own agents |
|
-
direct orders from foreign companies |
Import
comes generally from the following nations:
|
-
Stati Uniti |
Export
is mainly towards:
|
-
Italy |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL
FORM:
|
Former
legal form |
New
legal form |
Changement
Date |
|
Limited
partnership |
Limited
liability company |
22/12/1994 |
EX-MEMBERS /
EX-POSITIONS:
|
|
Zangheri |
Gigliola |
|
|
Born
in Rimini |
(FO) |
on
11/08/1940 |
-
Fiscal Code : ZNGGLL40M51H294E |
|
Ex-Postions |
|
Sole
Director |
|
Partner |
|
|
Moretti |
Daniele |
|
|
Born
in Rimini |
(FO) |
on
15/07/1946 |
-
Fiscal Code : MRTDNL46L15H294Q |
|
|
Residence: |
Vienna |
,
11 |
-
47900 |
Rimini |
(RN) |
-
IT - |
|
Ex-Postions |
|
Permanent
Auditor |
|
|
ROSETTI |
MASSIMO |
|
|
Born
in TORINO |
(TO) |
on
15/01/1967 |
-
Fiscal Code : RSTMSM67A15L219V |
|
|
Residence: |
BASTIONI
SETTENTRIONALI |
,
49 |
-
47900 |
Rimini |
(RN) |
-
IT - |
|
Ex-Postions |
|
Permanent
Auditor |
|
|
Righetti |
Grazia |
|
|
Born
in Rimini |
(FO) |
on
15/01/1962 |
-
Fiscal Code : RGHGRZ62A55H294G |
|
|
Residence: |
Acquario |
,
19 |
-
47900 |
Rimini |
(RN) |
-
IT - |
|
Ex-Postions |
|
Temporary
Auditor |
|
|
Zangheri |
Paolo |
|
|
Born
in Rimini |
(FO) |
on
10/06/1967 |
-
Fiscal Code : ZNGPLA67H10H294L |
|
|
Residence: |
Guicciardini |
,
15 |
-
47900 |
Rimini |
(RN) |
-
IT - |
|
Ex-Postions |
|
Sole
Director |
|
|
Muccioli |
Sandro |
|
|
Born
in Rimini |
(FO) |
on
13/12/1962 |
-
Fiscal Code : MCCSDR62T13H294G |
|
|
Residence: |
Resia |
,
5 |
-
47900 |
Rimini |
(RN) |
-
IT - |
|
Ex-Postions |
|
Temporary
Auditor |
|
|
Zangheri
Cesare Luciano |
|
-
Fiscal Code : ZNGCRL32H05H294L |
|
Ex-Postions |
|
Partner |
|
|
Rossi |
Giorgio |
|
|
Born
in Rimini |
(FO) |
on
13/08/1963 |
-
Fiscal Code : RSSGRG63M13H294C |
|
|
Residence: |
Circonvallazione |
,
67-2 |
-
47853 |
Coriano |
(RN) |
-
IT - |
|
Ex-Postions |
|
Temporary
Auditor |
|
|
Faini |
Paolo |
|
|
Born
in Rimini |
(FO) |
on
18/08/1962 |
-
Fiscal Code : FNAPLA62M18H294B |
|
|
Residence: |
Laurana |
,
12 |
-
47900 |
Rimini |
(RN) |
-
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
The
company is active since 1974
The
economic-financial analysis has been made on the base of the b/s of the latests
three years.
During
the last years, net losses were registered; in 2013 r.o.e. is -17,63%.
The
operating result is negative.
The
operating loss is equal to Eur. -496.214.
The
GOM is negative and amounts to Eur. -195.304.
The
financial status of the company is fairly balanced with an indebtedness level
of 1,3 but with an increase as against the previous accounting period.
Subject
can manage an equity capital funds for an amount of Eur. 3.396.804 , unchanged
if compared to 2012.
Total
debts (both short and M/L term) equals Eur. 5.886.714, while during the
financial year 2012 the amount was equal to Eur. 4.824.633.
Financial
indebdtedness is under control whereas debts to suppliers are frequent even in
comparison with the sector's.
Liquidity
is however good.
Trade
credits are collected slowly, average term is 97,68 days. within the standard
level of the average of the sector.
(Eur.
-297.952) is the negative value of the cash flow.
Labour
cost amounts to Eur. 4.877.632, with a 38,48% incidence on production costs. ,
whereas the incidence on sales revenues is of 38,96%.
The
financial management has a limited economic impact, equal to -0,17% on the
sales.
Financial
Data
|
|
Complete
balance-sheet for the year |
al
31/12/2013 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
12.518.093 |
|
Profit
(Loss) for the period |
-598.862 |
|
|
Complete
balance-sheet for the year |
al
31/12/2012 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
12.541.490 |
|
Profit
(Loss) for the period |
-619.731 |
|
|
Complete
balance-sheet for the year |
al
31/12/2011 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
13.697.032 |
|
Profit
(Loss) for the period |
-505.299 |
|
|
Complete
balance-sheet for the year |
al
31/12/2010 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
15.717.594 |
|
Profit
(Loss) for the period |
-568.559 |
|
|
Complete
balance-sheet for the year |
al
31/12/2009 |
(in
Eur |
x
1) |
|
Item
Type |
Value |
|
Sales |
13.210.495 |
|
Profit
(Loss) for the period |
90.357 |
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 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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 |
0,29 |
0,30 |
0,29 |
0,23 |
|
Elasticity
Ratio |
Units |
0,71 |
0,70 |
0,71 |
0,75 |
|
Availability
of stock |
Units |
0,24 |
0,28 |
0,27 |
0,19 |
|
Total
Liquidity Ratio |
Units |
0,47 |
0,41 |
0,45 |
0,46 |
|
Quick
Ratio |
Units |
0,14 |
0,14 |
0,20 |
0,02 |
|
COMPOSITION
ON SOURCE |
|||||
|
Net
Short-term indebtedness |
Units |
1,30 |
0,79 |
0,59 |
3,53 |
|
Self
Financing Ratio |
Units |
0,32 |
0,40 |
0,43 |
0,18 |
|
Capital
protection Ratio |
Units |
1,16 |
1,13 |
1,09 |
0,74 |
|
Liabilities
consolidation quotient |
Units |
0,23 |
0,29 |
0,26 |
0,19 |
|
Financing |
Units |
1,73 |
1,14 |
1,07 |
4,24 |
|
Permanent
Indebtedness Ratio |
Units |
0,44 |
0,54 |
0,54 |
0,33 |
|
M/L
term Debts Ratio |
Units |
0,13 |
0,13 |
0,12 |
0,11 |
|
Net
Financial Indebtedness Ratio |
Units |
0,00 |
0,00 |
0,00 |
1,11 |
|
CORRELATION |
|||||
|
Fixed
assets ratio |
Units |
1,55 |
1,76 |
1,90 |
1,20 |
|
Current
ratio |
Units |
1,29 |
1,51 |
1,57 |
1,07 |
|
Acid
Test Ratio-Liquidity Ratio |
Units |
0,85 |
0,89 |
0,98 |
0,76 |
|
Structure's
primary quotient |
Units |
1,11 |
1,33 |
1,49 |
0,71 |
|
Treasury's
primary quotient |
Units |
0,25 |
0,31 |
0,44 |
0,03 |
|
Rate
of indebtedness ( Leverage ) |
% |
313,80 |
248,09 |
235,14 |
570,55 |
|
Current
Capital ( net ) |
Value |
1.716.260 |
2.465.385 |
3.098.627 |
75.064 |
|
RETURN |
|||||
|
Return
on Sales |
% |
-2,38 |
-2,56 |
-1,48 |
3,19 |
|
Return
on Equity - Net- ( R.O.E. ) |
% |
-17,63 |
-14,66 |
-9,93 |
3,20 |
|
Return
on Equity - Gross - ( R.O.E. ) |
% |
-14,57 |
-12,27 |
-10,06 |
11,58 |
|
Return
on Investment ( R.O.I. ) |
% |
-4,66 |
-5,37 |
-4,64 |
3,86 |
|
Return/
Sales |
% |
-3,96 |
-4,49 |
-4,06 |
4,18 |
|
Extra
Management revenues/charges incid. |
% |
n.c. |
n.c. |
n.c. |
18,85 |
|
Cash
Flow |
Value |
-297.952 |
-321.235 |
-202.107 |
63.415 |
|
Operating
Profit |
Value |
-496.214 |
-563.081 |
-555.595 |
78.946 |
|
Gross
Operating Margin |
Value |
-195.304 |
-264.585 |
-252.403 |
163.908 |
|
MANAGEMENT |
|||||
|
Credits
to clients average term |
Days |
97,68 |
78,00 |
68,25 |
110,14 |
|
Debts
to suppliers average term |
Days |
259,24 |
200,77 |
199,81 |
125,02 |
|
Average
stock waiting period |
Days |
74,55 |
85,67 |
84,24 |
68,56 |
|
Rate
of capital employed return ( Turnover ) |
Units |
1,17 |
1,20 |
1,14 |
1,00 |
|
Rate
of stock return |
Units |
4,83 |
4,20 |
4,27 |
5,15 |
|
Labour
cost incidence |
% |
38,96 |
39,64 |
38,73 |
16,61 |
|
Net
financial revenues/ charges incidence |
% |
-0,17 |
-0,07 |
0,17 |
-1,99 |
|
Labour
cost on purchasing expenses |
% |
38,48 |
39,15 |
36,56 |
16,95 |
|
Short-term
financing charges |
% |
1,93 |
2,31 |
1,87 |
2,95 |
|
Capital
on hand |
% |
85,15 |
83,62 |
87,38 |
99,54 |
|
Sales
pro employee |
Value |
82.355 |
80.912 |
107.850 |
179.348 |
|
Labour
cost pro employee |
Value |
32.089 |
32.074 |
41.769 |
32.046 |
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 1.333 significant companies.
The
companies cash their credits on an average of 110 dd.
The
average duration of suppliers debts is about 125 dd.
The
sector's profitability is on an average of 3,19%.
The
labour cost affects the turnover in the measure of 16,61%.
Goods
are held in stock in a range of 69 dd.
The
difference between the sales volume and the resources used to realize it is
about 1,00.
The
employees costs represent the 16,95% of the production costs.
Statistical
Detrimental Data
Statistically
the trade activity passes through serious crises.
The
area is statistically considered moderately risky.
In
the region 18.860 protested subjects are found; in the province they count to
2.270.
The
insolvency index for the region is 0,46, , while for the province it is 0,81.
Total
Bankrupt companies in the province : 749.
Total
Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.52 |
|
|
1 |
Rs.95.96 |
|
Euro |
1 |
Rs.70.54 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
-- |
|
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.