|
Report No. : |
349008 |
|
Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAUDI ARABIAN OIL
COMPANY (SAUDI ARAMCO) |
|
|
|
|
Registered Office : |
Saudi Aramco Compound Al Dhahran High Street 5000 & 1565 Dhahran 31311 |
|
|
|
|
Country : |
Saudi Arabia |
|
|
|
|
Date of Incorporation : |
13.11.1988 |
|
|
|
|
Legal Form : |
Government
Corporation |
|
|
|
|
Line of Business : |
Subject is involved in all phases of oil and gas production, refining, transportation and marketing. Subject’s key facts and figures are as follows:
|
|
|
|
|
No. of Employee : |
61,907 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Saudi Arabia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SAUDI ARABIA ECONOMIC OVERVIEW
Saudi Arabia has an oil-based economy with strong government controls over major economic activities. It possesses about 16% of the world's proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC. The petroleum sector accounts for roughly 80% of budget revenues, 45% of GDP, and 90% of export earnings. Saudi Arabia is encouraging the growth of the private sector in order to diversify its economy and to employ more Saudi nationals. Diversification efforts are focusing on power generation, telecommunications, natural gas exploration, and petrochemical sectors. Over 6 million foreign workers play an important role in the Saudi economy, particularly in the oil and service sectors, while Riyadh is struggling to reduce unemployment among its own nationals. Saudi officials are particularly focused on employing its large youth population, which generally lacks the education and technical skills the private sector needs. In 2014 the Kingdom ran its first budget deficit since 2009, and faces budget deficits for the foreseeable future because it requires an oil price greater than $100 per barrel to balance its budget. Although the Kingdom can finance high deficits for several years by drawing down its considerable foreign assets or borrowing, it probably will begin to reduce capital spending if oil prices stay low through the next year.
|
Source
: CIA |
Company Name : SAUDI
ARABIAN OIL COMPANY (SAUDI ARAMCO)
Country of Origin : Saudi
Arabia
Legal Form :
Government Corporation
Registration Date : 13th
November 1988
Total Workforce :
61,907
Activities :
Oil and gas company
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
SAUDI ARABIAN OIL
COMPANY (SAUDI ARAMCO)
Location : Saudi Aramco Compound
Street : Al Dhahran High Street
PO Box : 5000 & 1565
Town : Dhahran 31311
Country : Saudi Arabia
Telephone : (966-3) 8754915 / 8756110 / 8747400 /
8770110 / 8730115 / 8720110
Facsimile : (966-3) 8738490 / 8738190
Email : webmaster@aramco.com
Subject operates
from a large suite of offices and processing facilities that are owned and
located in the Industrial Area of Dhahran.
Branch Office
(s)
Location Description
·
PO Box:
73 Owned
office premises
Jeddah
Tel: (966-2) 6534655 / 6654261
·
PO Box:
319 Owned
office premises
Riyadh
Tel: (966-1) 4562100 / 4641055
·
Saeed
Tower Owned
office premises
Dammam Al Khobar Highway
Al Khobar 31952
Tel: (966-3) 8746272
·
Industrial
Development Division Owned
office premises
PO Box: 2239
Dhahran 31311
Tel: (966-3) 8572438
Fax: (966-3) 8573138
·
King
Abdulaziz Center for World Culture Projects Owned
office premises
Room A05, SAPMT Site Office
Dhahran 31311
Name Position
·
HE Khalid A Al Falih Chairman
·
HE Dr Ibrahim A Al Assaf Director
·
HE Dr Mohamed I Al Suwaiyel Director
·
Dr
Khaled S Al Sultan Director
·
Dr
Majid Al Moneef Director
·
Peter L
Woicke Director
·
Andrew
F J Gould Director
·
Amin H
Nasser President
and Chief Executive Officer
·
David B
Kultgen General
Counsel
·
Abdulrahman
F Al Wuhaib Senior
Vice President
·
Abdullatif
A Al Othman Finance
Manager
Registration Details : Saudi
Arabian Oil Company (Saudi Aramco) was incorporated on 13th November
1988 by the government of Saudi Arabia as a national oil company to assume the
responsibilities of the Arabian American
Oil Company (Aramco). Aramco was a US Company owned by the state of Saudi Arabia, and run in co-operation
with four US Oil companies – Chevron Corp,
Exxon Corp, Mobil Corp, and Texaco Inc.
On 14th June 1993 subject was merged with Saudi Arabian
Marketing & Refining Co (Samarec) which was responsible for marketing the
country’s oil and running most of the Kingdom’s refineries. In a second merger
ordered by Royal Decree on 1st July 1993, the subject took control
of the net assets of the General Organisation of Petroleum & Minerals
(Petromin)
History : 1933 Saudi Arabia grants oil concession to California
Arabian
Standard Oil Company (Casoc), affiliate of Standard Oil of California (Socal, today's Chevron). Oil prospecting begins on Kingdom's east coast.
1936 Texas Company (now Texaco) acquires 50 percent
interest in Socal's concession.
1938 Kingdom's first commercial oil field
discovered at Dhahran. Crude is exported by barge to Bahrain.
1939 First
tanker load of petroleum is exported.
1944
Casoc changes its name to Arabian
American Oil Company
(Aramco).
1945 Ras
Tanura Refinery begins operations.
1948 Standard Oil of New Jersey and Socony-Vacuum
Oil (both now Exxon Mobil) join Socal and Texaco as owners of Aramco.
1950 1,700km Trans-Arabian Pipe Line (Tapline) is
completed, linking Eastern Province oil fields to Lebanon and the
Mediterranean.
1951 Safaniya field, the world's largest offshore
oil field is discovered.
1956 Aramco confirms scale of Ghawar and Safaniya,
world's largest oil field and largest offshore field, respectively.
1961 Liquefied petroleum gas (LPG) - propane and
butane - is first processed at Ras Tanura and shipped to customers.
1966 Tankers begin calling at "Sea
Island," new offshore crude oil loading platform off Ras Tanura.
1973 Saudi Arabia's Government acquires a 25
percent participation interest in Aramco.
1975 Master
Gas System project is launched.
1980 Saudi Government acquires 100 percent
participation interest in Aramco, purchasing almost all of the company's
assets.
1981 East-West Pipelines, built for Aramco's
natural gas liquids (NGL)and crude oil, link the Eastern Province with Yanbu'
on Red Sea.
1982 Exploration and Petroleum Engineering Center
(EXPEC) opens in Dhahran.
1984 Company
acquires its first four supertankers.
1987 East-West Crude Oil Pipeline expansion is
completed, boosting capacity to 3.2 million barrels per day (bpd).
1988 Saudi Arabian Oil Company, or Saudi Aramco, is
established.
1989 High-quality oil and gas are discovered south
of Riyadh, the first find outside the company's original operating area. Saudi
Aramco and Texaco launch the Star Enterprise refining and marketing joint
venture.
1991 Company
plays major role combating the Gulf oil spill.
1992 East-West Crude Oil Pipeline capacity boosted
to 5 million bpd. Saudi Aramco affiliate purchases 35 percent interest in
SsangYong Oil Refining Company (now S-Oil Corporation) of the Republic of
Korea.
1993 Saudi Aramco takes charge of Kingdom's domestic
refining, marketing, distribution and joint-venture refining interests.
1994 Maximum sustained crude-oil production
capacity is returned to 10 million bpd. Company acquires a 40 percent equity interest
in Petron, largest refiner in the Philippines.
1995 Company completes program to build 15 very
large crude carriers. Saudi Aramco President and CEO Ali I. Al-Naimi is named
Kingdom's Minister of Petroleum and Mineral Resources.
1996 Saudi Aramco acquires 50 percent of Motor Oil
(Hellas) Corinth Refineries and Avinoil. Company also assumes controlling
interest in two Jeddah-based lubricants companies, now known as Saudi Aramco
Lubricating Oil Refining Company (Luberef) and Saudi Arabian Lubricating Oil
Company (Petrolube).
1998 Saudi Aramco, Texaco and Shell establish
Motiva Enterprises LLC, a major refining and marketing joint venture in the
southern and eastern United States.
1999 HRH Crown Prince 'Abd Allah inaugurates the
Shaybah field in the Rub' al-Khali desert, one of the largest projects of its
kind in the world goes on stream.
The Dhahran-Riyadh-Qasim
multi-product pipeline and the Ras Tanura Upgrade project are completed.
The second Saudi Aramco-Mobil
lubricating oil refinery (Luberef II) in Yanbu' commences operations.
2000 Petroleum
Intelligence Weekly ranks the company No.1 in the world for the 11th straight
year, based on the Kingdom's crude oil reserves and production.
Aramco Gulf Operations Limited is
established to assume management of the government's petroleum interest in the
Offshore Neutral Zone between Saudi Arabia and Kuwait.
New
facilities are under construction in the Haradh and Hawiyah gas plant projects
to process gas for delivery to the Master Gas System and on to domestic
markets.
2001 Hawiyah Gas Plant, capable of processing up
to 1.6 billion standard cubic feet per day of non-associated gas, comes on
stream.
2003 Haradh Gas Plant completed two and a half
months ahead of schedule.
2004 HRH Crown Prince 'Abd Allah ibn 'Abd
Al-'Aziz Al Saud, First Deputy Prime Minister and Head of the National Guard,
inaugurates the 800,000 barrel-per-day Qatif-Abu Sa'fah Producing Plants mega
project. In addition to the crude, the plants provide 370 million standard
cubic feet of associated gas daily.
2005
Saudi Aramco and Sumitomo Chemical Co.,
Ltd. sign a joint
venture
agreement for the development of a large, integrated refining and petrochemical
complex in the Red Sea town of Rabigh, on Saudi Arabia's west coast.
2006
Saudi Aramco and Sumitomo Chemical broke
ground on PETRORabigh, an integrated
refining/petrochemical
project. Haradh III was completed, yielding 300,000 bpd of oil.
Accords were
signed for two export refineries -- Jubail (with Total) and in Yanbu' (with
ConocoPhillips).
2007
Saudi Aramco begins a program to build a
world-class graduate research university, the
King Abdullah University of Science and
Technology (KAUST).
2008
Saudi Aramco celebrates its 75th Anniversary and,
as a gift to the people of Saudi Arabia,
launches a project to build the King
Abdulaziz Center for Knowledge and Culture (popularly known as Ithra) in
Dhahran.
2009
Saudi Aramco achieves maximum sustained crude-oil
production capacity of 12 million bpd.
·
Aramco
Overseas Co BV
Schuttersveld 14
Leiden
Netherlands
·
Aramco
Services Co
PO Box: 4535
Houston
Texas 77210
United States of America
Tel: (1-713) 4324000
·
Aramco
Associated Co
16875 J.F.K. Boulevard
Houston
Texas
United States of America
·
Saudi
Refining Inc
W. Loop Street
Houston
Texas
United States of America
·
Saudi
Petroleum International Inc
Houston
Texas 77210
United States of America
Tel: (1-713) 4324000
·
Saudi
Petroleum Overseas Ltd
United Kingdom
·
Vela
International Marine Ltd
Liberia
·
Petron
Corp
Philippines
Activities: Saudi
Aramco is involved in all phases of oil and gas production, refining,
transportation and marketing. Subject’s key facts and figures are as follows:
·
Recoverable Crude Oil & Condensate (billions of
barrels): 261.1
·
Recoverable Gas (Associated and Non associated)
(trillions of standard cubic feet): 294.0
·
Crude Oil Production (annual/billions of barrels):
3.5; (daily/millions of barrels): 9.5
·
Crude Oil Exports (millions of barrels): 2,544
·
Delivered Sales Gas and Ethane Gas (trillions of
standard cubic feet): 4.1; (trillions of Btu, British thermal unit per day)
Sales Gas: 8.4; Ethane Gas: 1.4
·
NGL from Hydrocarbon Gases (millions of barrels):
471.3
·
Raw Gas to Gas Plants (billions of standard cubic
feet per day): 11.3, up 3% compared to 2013
·
Refined Products Production (millions of barrels):
561
·
Refined Products Exports (millions of barrels): 168
Exports by region
·
Europe: Crude oil 7.2%; Refined products 10.7%
·
Far
East: Crude oil 62.3%;
Refined products 46.4%; NGL 25.5%
·
Mediterranean: Crude oil 7.2%; Refined products 3.3%; NGL
3.6%
·
US: Crude oil 17.3%; Refined products 0.5%
·
Other
regions: Crude oil
6.0%; Refined products 39.1%; NGL 70.9%
Operations
·
Offices: Dhahran,
Saudi Arabia (Head office); London,
UK and The Hague,
Netherlands (AOC); Houston and Washington, USA (ASC), New York, USA (Saudi
Petroleum International, Inc.)
·
Joint
and Equity Ventures:
Fujian Refining and Petrochemical Company Ltd (FREP) and Sinopec
SenMei Petroleum Company Ltd (SSPC), Fujian, China; Motiva Enterprises LLC (Houston,
USA); The Arab Petroleum
Pipeline Co. (SUMED), Alexandria, Egypt; S-OIL (Seoul, South
Korea); Showa Shell (Tokyo,
Japan)
·
R&D
centers: Beijing, China; Boston, Detroit, Houston, all USA; Dhahran (R&DC, EXPEC ARC),
Thuwal (KAUST),
both Saudi Arabia; Paris
·
Technology
offices: Aberdeen, UK; Daejeon, South Korea
(KAIST); Delft,
The Netherlands
·
Bulk
plants: Abha, Dhahran,
Duba, Al-Hasa, Al-Jawf, Jiddah, Najran, Qatif, Qassim, Rabigh, Riyadh, Safaniya, Al-Sulayyil, Tabuk, Turaif, Yanbu'
·
Domestic
refineries: Jiddah, Ras Tanura, Riyadh, Yanbu'
·
Domestic
joint venture refineries:
Petro Rabigh, SAMREF, SASREF, SATORP, YASREF
·
International
joint venture refineries:
Fujian Refining and
Petrochemical Company Ltd (FREP), Motiva, Showa
Shell, S-OIL
·
Terminals: Duba,
Jazan, Jiddah, Ju'aymah, Ras Tanura, Rabigh, Yanbu'
Subject operates 87 oil and gas fields and is the discoverer and
producer of world's largest oil field: Ghawar Field, Eastern Province, Saudi
Arabia - 65 billion barrels of reserves, as well as the discoverer and producer
of world's largest offshore oil field: Safaniya Field, Arabian Gulf - 37
billion barrels of reserves.
Saudi Aramco's oil operations
encompass the Kingdom of Saudi Arabia, including territorial waters in the
Arabian Gulf and the Red Sea. Totalling more than 1.5 million square
kilometres. Most production comes from fields in the coastal plains of the
Eastern Province in an area extending 300 kilometres north and south of
Dhahran.
Saudi Aramco implemented a
PC-Cluster supercomputer system to run inparallel with its computer intensive
earth-imaging application Pre-Stack Time Migration (PSTM), which was developed
by Saudi Aramco. This advanced seismic processing technology provides better
images of deep hydrocarbon targets and improves the success rate of drilling
activity in support of the gas production program. The PC-Cluster architecture
provides unprecedented cost benefits because it uses off-the-shelf computer
components linked together with off-the-shelf high-speed interconnect switches.
The Hawiyah Gas Plant, which
became fully operational at the end of 2001, provides an additional 1.4 billion
cubic feet per day of sales gas.
To meet growing domestic demand,
the Kingdom has embarked on a major expansion of its gas industry and the
downstream consuming sectors of the economy, particularly petrochemical
production and exports and electricity and water desalination facilities.
Subsequent to the Long Term Kingdom Gas Strategy developed by the Ministry of
Petroleum and Minerals and Saudi Aramco in 1998, the government invited
interested international oil companies (IOCs) to participate in the development
of new gas fields, gas production and downstream utilization projects. Gas is
targeted to be "an engine of growth" for the Saudi economy. The
so-called Natural Gas Initiative has made substantial progress and has an ambitious
schedule ahead to implement some $25 billion worth of projects over the next
five to ten years. Progress is being made on three Core Ventures :
Core Venture 1 includes ethane
and NGL recovery from the Haradh and Hawiyah Gas Plants, additional new gas
development and production, two petrochemical complexes to utilize ethane and
NGL and two large power/water generation facilities on the east coast of Saudi
Arabia. The IOC consortium selected to develop CV1 includes ExxonMobil, Royal
Dutch/Shell, BP and Philips.
Core Venture 2 focuses on gas
development in the Red Sea and along the west coast. It includes exploration,
development, production and downstream facilities, i.e., petrochemical and
power/water plants. ExxonMobil, Occidental and Marathon are in a consortium to
develop CV2.
Core Venture 3 comprises gas
exploration and production in the Shaybah/Kidan area in the south-eastern part
of the Kingdom. It will include downstream facilities, as well. A consortium of
Shell, Total, Fina, Elf and Conoco is working to develop CV3.
During 2004 subject commenced
work the Hawiyah Gas Plant expansion and NGL Recovery programme, composed of a
series of expansion projects at existing gas plants and an upgrade of the
existing pipeline network for the delivery of new NGL liquids. Central to the
Hawiyah NGL programme is the construction of a new grass roots NGL recovery
facility near Hawiyah Gas Plant. The project will increase NGL production by
310,000 bpd.
Saudi Aramco's responsibilities
expanded greatly on July 1st 1993, when a Royal Decree merged into
the company all of Saudi Arabia's state-owned oil refineries and distribution
and marketing operations that were operated by the Petromin marketing and refining
project known as Samarec. Under the same decree, Saudi Aramco assumed
Petromin's 50-percent interests in three domestic joint-venture refineries.
Saudi Aramco's new refining interests, combined with its Ras Tanura Refinery
and its joint-venture and shareholder interests in five other refineries in the
United States and the Far East, place the company in the top rank of world
refiners.
Subject owns and operates the world's second largest
tanker fleet and has a total refining capacity of 3.4 million barrels per day
Saudi Aramco Refining
World-class domestic refineries stretching from the Arabian Gulf to the Red Sea
maintain a reliable supply of more than a million barrels per day of products
to meet the needs of domestic and international markets.
Supply and Distribution
A broad network of bulk plants and air-fueling units in the Kingdom supplies
thousands of bulk customers with products ranging from gasoline and jet fuel to
fuel oil and liquefied petroleum gas.
Terminals
Mammoth tank farms and shipping terminals supply crude oil, natural gas liquids
and refined products to customers around the globe. Every year, more than 4,000
tankers call at Ras Tanura and Ju'aymah on the Arabian Gulf, and at Yanbu',
Jeddah and Rabigh on the Red Sea.
Operations Coordination Center
OCC is the hub of oil, gas, electricity and refined products management,
optimising hydrocarbon system capacities and inventories to deliver quality
products to the customer at the right time and place.
Electric Power Network
An extensive electrical power generation, transmission and distribution network
supports Saudi Aramco's industrial operations in the Kingdom and sustains their
continual growth.
In
2005, Saudi Aramco booked three oil discoveries and two gas discoveries.
In June, gas was discovered at
Fazran, about 59 miles/95 km west of Dhahran, and in December, gas was
discovered at Midrikah, about 217 miles/350 km west of Dhahran. Of the oil
discoveries, the Du'ayban discovery, made in April, flowed 3,260 bpd of Arabian
Super Light crude oil, while the Halfa discovery, also in April, flowed 6,000
bpd of Arabian Extra Light crude oil. In November, oil was struck at Muraiqib,
with the discovery well flowing 1,079 bpd of Arabian Light.
In addition, an oil discovery was
made outside the booked reserves area at Fadhili, northeast of Riyadh. This
discovery established a significant extension of the Fadhili reservoir in the
field of the same name, and could result in the additional booking of
approximately 700 million barrels of original oil in place, of which 45
percent, or 300 million barrels, is recoverable.
The King Abdulaziz Center for World Culture
The King
Abdulaziz Center for World Culture is a monumental
undertaking by Saudi Aramco, the world’s leading oil company, to inspire,
nurture and promote creativity, learning and cross-cultural engagement
throughout Saudi Arabia.
The Cultural Center is
designed to be a beacon of social development and cultural progress. It will
give visitors the opportunity to experience and enjoy the culture of Saudi
Arabia, and help them to understand how the Kingdom’s past links to the present
and can propel Saudis to a creative and prosperous future.
Constructed on the site of Saudi Arabia’s very
first oil well, the Cultural Center commemorates the Kingdom’s discovery of oil
while pointing to a future fueled by ideas, creativity and innovation.
Construction is scheduled for completion in early 2015.
The Virtual Cultural Center
The Cultural Center is currently active in the
preliminary stages of a “Pre-launch Phase.” The so- called “Virtual
Cultural Center” – as opposed to the physical Center – will be open to the
public online and off-line through a variety of large, medium and small-sized
events and workshops from 2013-2015.
Highlights
Keystone
Program 2013 – Registration Open until March 27th
The International Source Art Competition – March
11-13, 2013
iDiscover Final Ceremony (Jeddah) – March 21,
2013
World Book Day – April 23, 2013
Subject has a
workforce of 61,907 employees (of which 51,653 are Saudi nationals)
Subject is owned by
the government of Saudi Arabia and as such no financial information is
released.
·
National
Commercial Bank
PO Box: 13
Dammam 31411
Tel: (966-13) 8331188
Fax: (966-13) 8336058
·
Saudi American
Bank
PO Box: 3113
Dammam 31471
Tel: (966-13) 8337171
·
Saudi
British Bank
PO Box: 1618
Dammam 31411
Tel: (966-13) 8331553
No complaints
regarding subject’s payments have been reported.
Saudi Arabian Oil
Company is the largest oil producer in the world supplying 11% of the world’s
oil demand. The company controls proven oil reserves of about 260.2 billion
barrels (more than 25% of the world’s total).
Saudi Aramco owns a
fleet of oil tankers and invests in refineries and distribution networks in
other countries.
During the course
of this investigation nothing detrimental was uncovered regarding subject’s
operating history or the manner in which payments are fulfilled. As such the
company is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.