|
Report No. : |
320879 |
|
Report Date : |
07.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROSY BLUE HONG KONG LTD. |
|
|
|
|
Registered Office : |
Room 403-404, 4/F., Harbour Centre, Tower 2, 8 Hok Cheung Street, Hunghom, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
15.07.1986 |
|
|
|
|
Com. Reg. No.: |
10439855 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer, Exporter, Wholesaler and Distributor of all kinds of diamond and jewellery. |
|
|
|
|
No. of Employees : |
19 |
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 : |
Good |
|
|
|
|
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) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
HONG KONG - ECONOMIC
OVERVIEW
Hong Kong has a free market economy, highly dependent on international
trade and finance - the value of goods and services trade, including the
sizable share of re-exports, is about four times GDP. Hong Kong has no tariffs
on imported goods, and it levies excise duties on only four commodities,
whether imported or produced locally: hard alcohol, tobacco, hydrocarbon oil,
and methyl alcohol. There are no quotas or dumping laws. Hong Kong's open
economy left it exposed to the global economic slowdown that began in 2008.
Although increasing integration with China, through trade, tourism, and
financial links, helped it to make an initial recovery more quickly than many
observers anticipated, its continued reliance on foreign trade and investment
leaves it vulnerable to renewed global financial market volatility or a slowdown
in the global economy. The Hong Kong government is promoting the Special
Administrative Region (SAR) as the site for Chinese renminbi (RMB)
internationalization. Hong Kong residents are allowed to establish
RMB-denominated savings accounts; RMB-denominated corporate and Chinese
government bonds have been issued in Hong Kong; and RMB trade settlement is
allowed. The territory far exceeded the RMB conversion quota set by Beijing for
trade settlements in 2010 due to the growth of earnings from exports to the
mainland. RMB deposits grew to roughly 12% of total system deposits in Hong
Kong by the end of 2013. The government is pursuing efforts to introduce
additional use of RMB in Hong Kong financial markets and is seeking to expand
the RMB quota. The mainland has long been Hong Kong's largest trading partner,
accounting for about half of Hong Kong's total trade by value. Hong Kong's
natural resources are limited, and food and raw materials must be imported. As
a result of China's easing of travel restrictions, the number of mainland
tourists to the territory has surged from 4.5 million in 2001 to 40.7 million
in 2013, outnumbering visitors from all other countries combined. Hong Kong has
also established itself as the premier stock market for Chinese firms seeking
to list abroad. In 2012 mainland Chinese companies constituted about 48.5% of
the firms listed on the Hong Kong Stock Exchange and accounted for about 56.9%
of the Exchange's market capitalization. During the past decade, as Hong Kong's
manufacturing industry moved to the mainland, its service industry has grown
rapidly. Credit expansion and tight housing supply conditions have caused Hong
Kong property prices to rise rapidly; consumer prices increased by more than 4%
in 2013. Lower and middle income segments of the population are increasingly
unable to afford adequate housing. Hong Kong continues to link its currency
closely to the US dollar, maintaining an arrangement established in 1983. In
2013, Hong Kong and China signed new agreements under the Closer Economic
Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong
and the mainland. The new measures, effective from January 2014, cover services
and trade facilitation, and will improve access to the mainland's service sector
for Hong Kong-based companies. As of year-end 2014, the Democracy protests that
began in late September probably will have some adverse effects on economic
growth, particularly retail sales.
|
Source
: CIA |
ROSY BLUE
HONG KONG LTD.
ADDRESS: Room
403-404, 4/F., Harbour Centre, Tower 2, 8 Hok Cheung Street, Hunghom, Kowloon,
Hong Kong.
PHONE: 852-2523 9475
FAX: 852-2845
0940, 2523 9030, 2523 9538
E-MAIL: info@rosyblue.com.hk
hongkong@rosyblue.com
MANAGEMENT:
Managing Director: Mr. Maiank
Mehta
Incorporated
on: 15th
July, 1986.
Organization: Private
Limited Company.
Issued Share
Capital: HK$3.00 & US$3,700,000.00
Business
Category: Diamond and
Jewellery Trader.
Employees: 19.
Main Dealing
Banker: The Royal Bank of
Scotland N.V., Hong Kong Branch.
Banking
Relation: Good.
Registered Head Office:- Room 403-404, 4/F., Harbour Centre, Tower 2, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong.
Holding Company:- Prime Investments
S.A., Luxembourg.
Ultimate Holding Company:- Rosy
Blue Investments S.a.r.l., Luxembourg.
Associated/Affiliated Companies:-
Rosy
Blue Group of Companies
Diamotech CJSC, Armenia.
Inter Gold Europe N.V., Belgium.
Inter Gold Gems Pvt. Ltd., India.
Inter Gold India Pvt. Ltd., India.
International Gold Co. Pvt. Ltd., India.
Jewel-Asia Ltd., Hong Kong.
Lanka Diamond Polishing Ltd., Sri Lanka.
Linyi Rosy Blue Huaxing (D & J) Co. Ltd.,
China.
MZF Jewelry Co. BVBA, Belgium.
R.B. Diamantslijperij BVBA, Belgium.
R.B. Solitaires Inc., USA.
RB Centro Inc., USA.
Rosy Blue (Eurasia) FZE, UAE.
Rosy Blue (India) Pvt. Ltd., India.
Rosy Blue (Shanghai) Diamond Co. Ltd., China.
Rosy Blue Diamond Co. Ltd., Thailand.
Rosy Blue Diamonds Johannesburg (Pty) Ltd., South
Africa.
Rosy Blue DMCC, UAE.
Rosy Blue Enterprises SA, Luxembourg.
Rosy Blue Excellent LLC, Russian Federation.
Rosy Blue Fine Inc., USA.
Rosy Blue Inc., USA.
Rosy Blue Jewellery (HK) Ltd., Hong Kong.
Rosy Blue Jewelry Inc., USA.
Rosy Blue Ltd., Japan.
Rosy Blue N.V., Belgium.
Rosy Blue NV (RBIN-036BE) Tier A, Belgium.
Rosy Blue Overseas Holdings Ltd., Hong Kong.
Rosy Blue Sales Ltd., Israel.
Rosy Blue Services NV, Belgium.
Rosy Blue Trading (Pty) Ltd., South Africa.
Rosy Blue Trading Inc., USA.
Rosy Blue Trading LLC, UAE.
Step Stones Ltd., Thailand.
Tai Shan Gems Ltd., Hong Kong.
10439855
0171832
Executive Director & Group Chief Executive Officer: Mr. Dilip Ramniklal Mehta
Managing Director: Mr. Maiank Mehta
Contact Person: Ms. Jonas Woo
HK$3.00 & US$3,700,000.00
(As per registry dated 15-07-2014)
|
Name |
|
No. of shares |
|
|
|
|
|
Redeemable Preference |
|
Maiank MEHTA |
|
1 |
- |
|
Prime Investments S.A. 63, Boulevard Prince Felix, L-1513 Luxembourg, Luxembourg. |
|
2 |
3,700,000 |
|
|
|
–– |
–––––––– |
|
|
Total: |
3 = |
3,700,000 ======= |
(As per registry dated 11-09-2014)
|
Name (Nationality) |
Address |
|
Rajkumar MEHTA |
Ahornenlaan 15, B-2610 Antwerpen, Belgium. |
|
Dilip Ramniklal MEHTA |
1200 Shanu Deep, 10 Altamount Road, Mumbai 400026, India. |
|
Maiank MEHTA |
Flat A, 7/F., Block 1, Estoril Court, 55 Garden Road, Hong Kong. |
(As per registry dated 15-07-2014)
|
Name |
Address |
Co. No. |
|
TMF Secretaries (HK) Ltd. |
36/F., Tower Two, Tines Square, 1 Matheson Street, Causeway Bay, Hong Kong. |
0099444 |
The subject was incorporated on 15th July, 1986 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Jade Made Enterprises Ltd., name changed to R.B. Diamond Sales Ltd. on 7th October, 1986; and further to the present style on 17th January, 1997.
Formerly the subject’s registered office was located at 18/F., Lincoln House, Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong, moved to 31/F., The Center, 99 Queen’s Road Central, Hong Kong in August 2005, and further to the present address with effect from 16th May, 2011.
Last time the head office of the subject was located at Room 3601, 36/F., New World Tower, 18 Queen’s Road Central, Hong Kong. Now, the subject’s registered office is the same as its operating office.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer,
Exporter, Wholesaler and Distributor.
Lines: All
kinds of diamond and jewellery.
Brand Name: Rosy
Blue.
Employees: 19.
Commodities Imported: Imported from Belgium, India,
Israel, US, Thailand
Markets: Japan,
US, Europe, Asian countries
Terms/Sales: Various terms.
Terms/Buying: L/C, T/T
Japan Jewellery Association, Japan.
The Hong Kong General Chamber of Commerce,
Hong Kong.
[Membership No. HKR0306]
The Indian Chamber of Commerce Hong Kong,
Hong Kong.
Issued Share Capital: HK$3.00 & US$3,700,000.00
Indebtedness: US$18,344,865.61 (Total amount outstanding on all mortgages and charges as per last Annual Return dated 15-07-2014)
Mortgage or Charge: (See attachment)
Profit or Loss: Making a small profit every year.
Condition: Keeping in an active manner.
Facilities: Making active use of general banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Bankers:- The Royal Bank of Scotland N.V., Hong Kong Branch.
Antwerpse
DiamantBank NV
(also known as Antwerp Diamond Bank NV), Hong Kong Branch.
Standing: Very Good.
Incorporated in 1986, Rosy Blue Hong Kong Ltd. is one third owned by
Mr. Maiank Mehta and two thirds held by Prime Investments S.A., a
Luxembourg-registered firm. The subject
in fact is a member of the Rosy Blue Group with headquarters in Luxembourg
known as Rosy Blue Investments S.a.r.l. [Rosy Blue].
The subject is trading in fine diamonds and jewellery. It is able to provide customers with a wide
range of polished diamonds with different sizes, colour cuttings and
quantities. Moreover, it provides
finished jewellery products to worldwide customers.
Main products of the subject are the followings:
Diamond pendants, white gold diamond pendants, white gold diamond ring, 18K gold rings, 18K gold earrings, white gold rings, white gold pendants, gold rings, loose diamonds, carat size diamonds, diamond necklaces, earrings
Most of the products bear the brand name Rosy Blue.
Originally Rosy Blue was established in 1960 in Mumbai, India as a diamond manufacturer. It is an Indian firm with corporate headquarters in India. Currently, Rosy Blue is a family-owned company chiefly owned by the members of Mehta and Bhansali families.
As a sightholder and client of the Diamond Trading Company, BHP, Rio Tinto Diamonds and Alrosa, Rosy Blue is a key infrastructure provider to both small and large businesses.
Rosy Blue is one of the renowned diamond and jewellery companies in the world. Founded in 1960, Rosy Blue has grown from a single workshop specialized in polishing small diamonds to a global corporation. In 1973, Rosy Blue opened its new international headquarters in Antwerp, Belgium.
As a family-owned corporation with over 40 years of experience, the skill and knowledge of Rosy Blue have passed from generation to generation, each driven by a passion for innovation and quality.
Rosy Blue has its headquarters in India and Belgium with offices, factories and stores in 13 countries, having about 5,100 direct employees. The significant sales office of Rosy Blue are in Belgium, Israel, the United Arab Emirates, Japan, the United States, South Africa, China
The main category products of the Rosy Blue Group are:-
Rough Diamonds;
Core Polished Diamonds;
Specialist Polished Diamonds;
Diamond Jewellery; &
Polished Outcome.
Besides, Rosy Blue also has a 25% stake in the jewellery company Tse Sui Luen Jewellery (International) Ltd. [TSL]. TSL is a listed firm in Hong Kong. It usually purchases raw materials and finished goods from the subject.
Besides, Rosy Blue Group is holding preference shares of TSL which is a listed company in Hong Kong. TSL was founded by Mr. Tse Sui Luen in 1971, and was listed on the Hong Kong Stock Exchange in 1987. TSL is currently one of the largest jewellers in Asia, principally engaged in jewellery design, retailing, export and manufacturing. The Group operates over 200 jewellery boutiques spanning major cities in Asia, including Beijing, Shanghai, Guangzhou, Hong Kong, Macau, Kuala Lumpur and Japan.
Rosy Blue is now a global leader in the design, manufacture and distribution of fine diamonds and jewellery – a dynamic corporation built on expertise and integrity.
Rosy Blue also trades in rough diamonds. The rough diamonds range from the smallest to the largest, in all forms and colours of sawables, makeables, cleavages, industrials and crystals. Rosy Blue procures diamonds from miners in Canada, Russia, South Africa and South America.
Rose Blue’s customers range from the world’s most prestigious brands to
small, specialty jewellery houses. It
also supplies the leading diamond manufacturers, distributors and retailers of
the world.
In order to penetrate the international market further, the subject has
taken part in fairs and exhibitions held in Hong Kong and other foreign large
cities. For instance, it took part in
“HKTDC Hong Kong International Diamond, Gem & Pearl Show 2016” which had
been held in Hong Kong AsiaWorld-Expo, Lantau, Hong Kong during the period of
2nd to 6th March, 2016. Its booth No. is
AWE 2-T09.
The subject owns premises in Hong Kong and operates from its own office.
The business of the subject is chiefly handled by Ms. Jonas Woo who is
the marketing coordinator.
As the history of the subject in Hong Kong is over twenty-eight years and
nine months, on the whole, consider it good for normal business engagements.
Court case:-
|
Action Date |
Case No. |
Plaintiff |
Defendant |
Cause |
Amount |
|
Sept. 1995 |
H9184 |
R.B. Diamond Sales Ltd. [Now known as Rosy Blue Hong Kong Ltd.] |
La Venti Co. Ltd. |
Amount due |
HK$294,485 |
|
Dec. 1998 |
H21734 |
Rosy Blue Hong Kong Ltd. |
Asian Gem Distributors (Hong Kong) Ltd. |
Amount due |
HK$252,829 |
|
Nov. 2003 |
H1243 |
Rosy Blue Hong Kong Ltd. |
Anson Fine Jewellery Ltd. |
Companies Winding Up Proceedings |
Not stated |
Property information of the company:-
1. Property Location: Workshop
Unit 2 on 4/F., Harbour Centre, Tower 2,
8 Hok Cheung Street, Kowloon, Hong Kong.
Owner: Rosy Blue Hong Kong Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
28-09-2007 |
- |
ABN AMRO Bank N.V., Hong Kong Branch. [Now known as The Royal Bank of Scotland N.V.] |
Mortgage to secure general banking facilities |
2. Property
Location: Workshop Unit 3 on 4/F.,
Harbour Centre, Tower 2,
8 Hok Cheung Street, Kowloon, Hong Kong.
Owner: Rosy
Blue Hong Kong Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
28-09-2007 |
- |
ABN AMRO Bank N.V., Hong Kong Branch. [Now known as The Royal Bank of Scotland
N.V.] |
Mortgage to secure general banking facilities |
3. Property
Location: Workshop Unit 4 on 4/F.,
Harbour Centre, Tower 2,
8 Hok Cheung Street, Kowloon, Hong Kong.
Owner: Rosy
Blue Hong Kong Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
30-11-2007 |
- |
ABN AMRO Bank N.V., Hong Kong Branch. [Now known as The Royal Bank of Scotland
N.V.] |
Mortgage to secure general banking facilities |
|
Date |
Particulars |
Amount |
|
24-01-2002 |
Instrument: Debenture Property: 1) All freehold and leasehold property
of the Company 2) All stocks shares bonds and
securities of any kind whether marketable or otherwise and all other
interests including loan capital of the Company 3) All book and other debts revenues and
claims 4) The uncalled capital goodwill and all
patents patent applications trade marks trade names registered designs and
copyrights and all licences and ancillary and connected rights relating to
the intangible property 5) The undertaking and all other assets
of the Company Mortgagee: Antwerpse
DiamantBank NV (also known as Antwerp Diamond Bank NV), Hong Kong
Branch. |
The general credit facilities of sum of HK$78,000,000 |
|
16-07-2003 |
Instrument: Debenture Property: All the Company’s
undertaking and property and assets whatsoever and wheresoever both present
and future including all book and other debts revenues and claims Mortgagee: ABN
AMRO Bank N.V., Hong Kong Branch.
[Now known as The Royal Bank of Scotland N.V.] |
General banking facilities |
|
27-04-2006 |
Instrument: Supplemental
Debenture Property: The subject
matter of the charge contained in the Debenture dated 16-07-2003, namely all
the Company’s undertaking and property and assets whatsoever and wheresoever both
present and future including all book and other debts revenues and claims Mortgagee: ABN
AMRO Bank N.V., Hong Kong Branch.
[Now known as The Royal Bank of Scotland N.V.] |
General banking facilities |
|
28-09-2007 |
Instrument: Mortgage Property: 56/5,767th parts
or shares of and in The Remaining Portion of Kowloon Marine Lot No. 113
(Workshop Unit 2 on 4/F. of Harbour Centre, Tower 2, 8 Hok Cheung Street,
Hunghom, Kowloon, Hong Kong.) Mortgagee: ABN
AMRO Bank N.V., Hong Kong Branch.
[Now known as The Royal Bank of Scotland N.V.] |
All moneys, obligations and liabilities |
|
28-09-2007 |
Instrument: Rental
Assignment Property: 56/5,767th parts
or shares of and in The Remaining Portion of Kowloon Marine Lot No. 113
(Workshop Unit 2 on 4/F. of Harbour Centre, Tower 2, 8 Hok Cheung Street,
Hunghom, Kowloon, Hong Kong.) Mortgagee: ABN
AMRO Bank N.V., Hong Kong Branch.
[Now known as The Royal Bank of Scotland N.V.] |
All moneys, obligations and liabilities |
|
28-09-2007 |
Instrument: Mortgage Property: 54/5,767th parts
or shares of and in The Remaining Portion of Kowloon Marine Lot No. 113
(Workshop Unit 3 on 4/F. of Harbour Centre, Tower 2, 8 Hok Cheung Street,
Hunghom, Kowloon, Hong Kong.) Mortgagee: ABN
AMRO Bank N.V., Hong Kong Branch. |
All moneys, obligations and liabilities |
|
30-11-2007 |
Instrument: Mortgage Property: 66/5,767th parts
or shares of and in The Remaining Portion of Kowloon Marine Lot No. 113
(Workshop Unit 4 on 4/F. of Harbour Centre, Tower 2, 8 Hok Cheung Street,
Hunghom, Kowloon, Hong Kong.) Mortgagee: ABN
AMRO Bank N.V., Hong Kong Branch.
[Now known as The Royal Bank of Scotland N.V.] |
All moneys, obligations and liabilities |
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible
only due to combination of the manufacturing skills of the Indian workforce and
the untiring and unflagging efforts of the Indian diamantaires, supported by
progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.64 |
|
|
1 |
Rs.96.81 |
|
Euro |
1 |
Rs.71.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
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.