MIRA INFORM REPORT
|
Report No. : |
322149 |
|
Report Date : |
19.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
HIRA EXPORTS LIMITED |
|
|
|
|
Registered Office : |
Room 901, 9th Floor, Harbor Centre Tower 2, 8 Hok Cheung Street, Hung Hom, Kowloon |
|
|
|
|
Country : |
Hong Kong
|
|
|
|
|
Date of Incorporation : |
20.05.2005 |
|
|
|
|
Com. Reg. No.: |
971338 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of diamond and jewellery |
|
|
|
|
No. of Employees : |
About 5 |
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 : |
Unknown |
|
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 |
Contact Points
|
Company Name: |
HIRA EXPORTS LIMITED |
|
Supplied Name: |
HIRA EXPORTS LTD. |
|
Trading Address: |
Room 901, 9th Floor, Harbor Centre Tower 2,
8 Hok Cheung Street, Hung Hom, Kowloon, Hong Kong |
|
Supplied Address: |
Flat 90/F, Hung Hom, Kowloon |
Note: The exact name and address are as above.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Room 901, 9th
Floor, Harbor Centre Tower 2, 8 Hok Cheung Street, Hung Hom, Kowloon, Hong
Kong |
|
Telephone Number: |
+852-3163-2289 |
|
Fax Number: |
+852-2333-9518 |
|
E-mail: |
|
|
Date of Registration: |
2005-5-20 |
|
Registered Number: |
971338 |
|
Business Registration No.: |
35655250 |
|
Paid-up Capital: |
HKD 3,900,000 (USD 503,100) = 3,900,000 Shares@ HKD 1 (As of 2015.05, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
66729--Diamonds, non-industrial, otherwise
worked, but not mounted or set (cm) |
|
Principal Activities: |
Trading of diamond and jewellery |
|
Staff: |
About 5 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-5-20 |
History
Subject was incorporated on 2005-5-20 with the
registered number 971338 as Private Limited Liability Company in Hong Kong.
Transfer of Shares:
|
2013-6-28 |
||
|
Transferred From |
No. of Shares Transferred |
Transferred To |
|
Sutariya Dahyabhai Govindbhai |
3,900,000 |
Hiraco India Private Limited |
Corporate Structure
Related Companies
|
1 |
|
|
Name: |
Zest Dimon |
|
Registered Address: |
Room 901, 9th Floor, Harbor
Centre Tower 2, 8 Hok Cheung Street, Hung Hom, Kowloon, Hong Kong |
|
Date of Registration: |
2005-4-19 |
|
Business Registration No.: |
35536664 |
|
Legal Form: |
Unlimited Company |
|
2 |
|
|
Registered Name: |
In Collection Limited |
|
Registered Address: |
Room 901, 9th Floor, Harbor
Centre Tower 2, 8 Hok Cheung Street, Hung Hom, Kowloon, Hong Kong |
|
Date of Registration: |
2005-11-15 |
|
Registered Number: |
1007854 |
|
Business Registration No.: |
36196746 |
|
Legal Form: |
Private Limited Liability Company |
|
3 |
|
|
Name: |
Hiraco India Pvt. Ltd. |
|
Address: |
101/2/3 The Jewel, M.P. Marg, Opera House,
Mumbai, 400004 India |
|
Tel: |
+91-22-2363-2783 |
|
Fax: |
+91-22-2369-5492 |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Hiraco India Private Limited |
3,900,000 |
100% |
|
Total |
3,900,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Hiraco India Private Limited |
|
Address: |
CW 6051-56, Tower C, Bharat Diamond Bourse,
Bandra Kurla Complex, Bandra (East) Mumbai, 400 051, India |
Former Shareholders Information:
|
Sutariya Dahyabhai Govindbhai |
|
|
Address: |
Room 901, 9th Floor, Harbor
Centre Tower 2, 8 Hok Cheung Street, Hung Hom, Kowloon, Hong Kong |
Management Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Dobariya Kavita Pravinkumar |
|
Address: |
Room 901, 9th Floor, Harbor Centre
Tower 2, 8 Hok Cheung Street, Hung Hom, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
R390628(A) |
|
2 |
|
|
Name: |
Dobariya Pravinkumar Thakarshi |
|
Address: |
Room 901, 9th Floor, Harbor Centre
Tower 2, 8 Hok Cheung Street, Hung Hom, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
R367615(2) |
|
3 |
|
|
Name: |
Sutariya Dahyabhai Govindbhai |
|
Address: |
Room 901, 9th Floor, Harbor Centre
Tower 2, 8 Hok Cheung Street, Hung Hom, Kowloon, Hong Kong |
|
Position: |
Director |
|
Passport Number: |
Z1577938 |
|
Issuing Country: |
India |
|
4 |
|
|
Name: |
World Link Business Services Limited |
|
Address: |
5th Floor, Far East Consortium Building,
121 Des Voeux Road Central, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
746596 |
Personnel Structure
|
Total Employees |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
Room 901, 9th Floor, Harbor Centre Tower 2,
8 Hok Cheung Street, Hung Hom, Kowloon, Hong Kong |
|
Area: |
About 90 Square Meters |
Premises Information
Office address:
|
Address: |
Workshop Unit No.01 on 9/F, Harbour Centre Tower
2, No. 8 Hok Cheung Street, Kowloon |
|
Owners: |
Shah Kamlesh Jivanbhai Shah Vaishali Kamlesh |
|
Memorial Number: |
05030502430050 |
|
Date of Instrument: |
2005-1-31 |
|
Date of Registration: |
2005-3-5 |
|
Consideration Value: |
HKD 5,583,000.00 |
History of Premises Owners’
|
1 |
|
|
Memorial No.: |
13061901970044 |
|
Date of Instrument: |
2013-5-28 |
|
Date of Registration: |
2013-6-19 |
|
Nature: |
Second legal charge |
|
In Favor of: |
Bank of India |
|
Consideration: |
All Moneys |
|
2 |
|
|
Memorial No.: |
07091102330024 |
|
Date of Instrument: |
2007-8-17 |
|
Date of Registration: |
2007-9-11 |
|
Nature: |
Mortgage |
|
In Favor of: |
Bank of India |
|
Consideration: |
All Moneys |
|
3 |
|
|
Memorial No.: |
05022603100075 |
|
Date of Instrument: |
2005-1-31 |
|
Date of Registration: |
2005-2-26 |
|
Nature: |
Nomination |
|
In Favor of: |
Shah Kamlesh Jivanbhai (Joint Tenant) Shah Vaishali Kamlesh (Joint Tenant) |
Production Information
Subject is a trader of diamonds without any production
activities.
Purchase Information
Subject’s products mainly purchased from
India.
Sales Information
Subject is engaged in sales of diamonds.
It is introduced that the loose diamond is one
kind of the subject’s products.
Subject specializes in selling diamonds with
round cuts.
Subject’s sales regions include domestic
market, Singapore, Japan, Korea, Southeast Asia, US and Europe.
Subject’s major customers are manufacturers of
jewellery and watches.
Settlements
Purchase
Domestic Purchase
Subject has little domestic purchase.
Import
|
Products |
Diamonds |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Diamonds |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Diamonds |
|
Selling Terms |
L/C, T/T |
Financial Information
The subject has no
obligation to supply its financial statement to the third party according to
the relevant policy in Hong Kong and the only source from which we can obtain
the information is the subject itself.
Subject’s relevant staff Mr. Dobariya rejected
to disclose the financial information, from other sources we could not obtain
such information, either.
Bankers
|
Name: |
The Hongkong and Shanghai Banking
Corporation Limited |
Public
Mortgage Record
|
1 |
|
|
Company Name: |
Hira Exports Limited |
|
Instrument of Creating Mortgage: |
Assignment of life insurance |
|
Date of Creating Mortgage: |
2011-8-24 |
|
Amount Secured: |
“Secured Monies” means (i) all and any monies
and liabilities in any currency whenever and however incurred, owing by the
Assignor to the Bank at any branch or office at any time, whether separately
or jointly with any other person, actually or contingently, whether presently
or in future in any capacity (whether as principal or surety), including
amounts payable by the Assignor under this Deed; (ii) interest on such monies
(both before and after any demand or judgment), to the date on which the Bank
receives payment, at the rates payable by the Assignor or which would have
been payable but for any circumstance which restricts payment, and (iii) all
monies paid by the Bank in respect of the Policy pursuant to the terms of
this Deed; and (iv) all expenses of the Bank in perfecting or enforcing this
Deed on a full indemnity basis. |
|
Name of Mortgagee: |
The Hongkong and Shanghai Banking
Corporation Limited |
|
Address of Mortgagee: |
No.1 Queen’s Road Central, Hong Kong |
|
Description of Property Mortgaged: |
Property Charged (i) all the Assignor’s claims,
options, privileges, right, title, interest and benefit in and under the
Insurance; and (ii) all the Assignor’s claims and rights (whether on a
restitutionary basis or otherwise) against the issuer of the Policy (whether
directly or indirectly) upon the terms herein set out as a continuing
security for the due and punctual payment of the Secured Monies. The Assignor will not, unless the Bank
otherwise agrees in writing, create or attempt or agree to create or permit
to arise or exist any charge, mortgage, pledge, lien or other security
interest or encumbrance whatsoever over all or any part of the Insurance or
any interest therein or otherwise assign, deal with or dispose of all or any
part of the Insurance (expect under or pursuant to this Deed). |
|
2 |
|
|
Company Name: |
Hira Exports Limited |
|
Instrument of Creating Mortgage: |
Assignment of receivables-general, with
notice of assignment |
|
Date of Creating Mortgage: |
2011-8-22 |
|
Amount Secured: |
To secure “all monies” in respect of banking
facilities owing at any time plus interest and all expenses. |
|
Name of Mortgagee: |
The Hongkong and Shanghai Banking
Corporation Limited |
|
Address of Mortgagee: |
No.1 Queen’s Road Central, Hong Kong |
|
Description of Property Mortgaged: |
In consideration of the Banking Facilities,
the Customer, as beneficial owner and by way of security for the payment of
the Secured Monies, hereby assigns, and agrees to assign, to the Bank the
Receivables until all the Secured Monies have been paid or discharged. |
|
3 |
|
|
Company Name: |
Hira Exports Limited |
|
Instrument of Creating Mortgage: |
Security over deposits with the bank limited
company-under seal |
|
Date of Creating Mortgage: |
2011-8-22 |
|
Amount Secured: |
To secure “all monies” in respect of banking
facilities owing at any time plus interest and all expenses. |
|
Name of Mortgagee: |
The Hongkong and Shanghai Banking
Corporation Limited |
|
Address of Mortgagee: |
No.1 Queen’s Road Central, Hong Kong |
|
Description of Property Mortgaged: |
Initially USD 365,500 or equivalent and all
monies whether now or hereafter standing to the credit of the Company’s
deposit with the Bank under deposit number 132-087354 and whatever currency it
may subsequently be denominated in, any renewal of such deposit &the
interest thereon together with any further moneys in any deposit account with
the Bank at any of its offices. |
Lawsuits
Up to now, no present or latent litigation of the
subject has been found.
|
High Court Action: |
Clear |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration
Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
Special Note
Interview Details
|
Name: |
Mr. Dobariya |
|
Department: |
Sales Department |
Industry Information
66729--Diamonds,
non-industrial, otherwise worked, but not mounted or set (cm)
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab Emirates |
113,655 |
854,839 |
1,452,417 |
10,085,815 |
|
Brazil |
33 |
1,437 |
174 |
5,836 |
|
Australia |
2,033 |
41,188 |
10,332 |
181,710 |
|
Belgium |
81,093 |
1,198,674 |
1,070,230 |
181,710 |
|
Germany |
154 |
614 |
18,279 |
80,845 |
|
Canada |
202 |
1,578 |
7,643 |
104,109 |
|
Switzerland |
5,866 |
161,374 |
56,112 |
1,665,846 |
|
Japan |
36,378 |
286,671 |
497,269 |
3,174,371 |
|
Thailand |
65,194 |
243,239 |
657,318 |
3,002,179 |
|
India |
765,990 |
3,982,962 |
12,544,931 |
64,883,740 |
|
The Mainland of China |
117,833 |
912,624 |
1,337,780 |
10,148,553 |
|
Exports |
||||
|
United Arab Emirates |
-- |
-- |
54 |
4,421 |
|
Israel |
61 |
10,875 |
153 |
38,772 |
|
-- |
-- |
3 |
116 |
|
|
Thailand |
-- |
-- |
422 |
1,865 |
|
USA |
140 |
2,916 |
2,982 |
55,371 |
|
Belgium |
2 |
74 |
463 |
70,594 |
|
Singapore |
-- |
-- |
28 |
4,990 |
|
The Mainland of China |
186 |
496 |
4,894 |
15,396 |
External Trade Information:
External Merchandise Trade Aggregate Figures
Unit: HKD/ Million
|
|
Imports |
Domestic Exports |
Re-exports |
Total exports |
Year-on-year % change of Total exports |
Merchandise trade balance |
|
2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
|
2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
|
2014 |
4,219,046 |
55,283 |
3,617,468 |
3,672,751 |
+3.2 |
-546,295 |
|
2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
|
2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
|
2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
|
2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
|
2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
|
2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
|
2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
|
2014.06 |
352,316 |
4,802 |
304,409 |
309,211 |
+11.4 |
-43,105 |
|
2014.07 |
368,293 |
5,120 |
321,040 |
326,160 |
+6.8 |
-42,132 |
|
2014.08 |
358,750 |
5,289 |
321,937 |
327,225 |
+6.4 |
-31,525 |
|
2014.09 |
382,355 |
4,153 |
327,833 |
331,986 |
+4.5 |
-50,369 |
|
2014.10 |
381,569 |
4,392 |
327,335 |
331,727 |
+2.7 |
-49,842 |
|
2014.11 |
378,946 |
4,701 |
322,082 |
326,783 |
+0.4 |
-52,163 |
|
2014.12 |
372,007 |
4,050 |
308,705 |
312,755 |
+0.6 |
-59,253 |
*Total exports figures have been rounded to the nearest final digit after
summing up the constituent trade figures.
Attachment
Room 901, 9th Floor, Harbor Centre Tower 2, 8
Hok Cheung Street, Hung Hom, Kowloon, Hong Kong
Room 901, 9th Floor, Harbor Centre Tower 2, 8
Hok Cheung Street, Hung Hom, Kowloon, Hong Kong
Room 901, 9th Floor, Harbor Centre Tower 2, 8
Hok Cheung Street, Hung Hom, Kowloon, Hong Kong
Room 901, 9th Floor, Harbor Centre Tower 2, 8
Hok Cheung Street, Hung Hom, Kowloon, Hong Kong
DIAMOND INDUSTRY – INDIA
-
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.63.55 |
|
|
1 |
Rs.99.86 |
|
Euro |
1 |
Rs.72.67 |
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.