|
Report No. : |
349715 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROMACO S.R.L. |
|
|
|
|
Registered Office : |
Via Marzabotto, 5 Rastignano, 40065 - Pianoro (BO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.10.2014 |
|
|
|
|
Date of Incorporation : |
10.08.1972 |
|
|
|
|
Legal Form : |
Sole-Member Limited Liability Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
From 91 to 110 |
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 : |
Slow but correct |
|
|
|
|
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) |
|
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 |
ROMACO S.R.L.
Via Marzabotto, 5 RASTIGNANO,
40065 - Pianoro
(BO) -IT-
|
Fiscal Code |
: |
01681340152 |
|
Legal Form |
: |
Sole-Member Limited Liability Company |
|
start of Activities |
: |
13/02/1991 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
25.000.000/35.000.000 |
|
Number of Employees |
: |
from 91 to 110 |
|
Group |
: |
Romaco |
Manufacture of light metal packaging
Manufacture of automatic machines for dosing, wrapping and packaging
(including seperate parts and accessories)
Legal Form : Sole-Member Limited Liability Company
|
Fiscal Code : 01681340152 |
|
Foreign Trade Reg. no. : BO018706 since 10/01/1992 |
|
Foreign Trade Reg. no. : 018706 of Bologna since 10/01/1992 |
|
Chamber of Commerce no. : 335220 of Bologna since 07/06/1991 |
|
Chamber of Commerce no. : 178102 of Lucca |
|
Chamber of Commerce no. : 1525045 of Milano |
|
Firms' Register : BO006-56964 of Bologna since 19/02/1996 |
|
V.A.T. Code : 00493931208 |
|
Foundation date |
: 10/08/1972 |
|
|
Establishment date |
: 10/08/1972 |
|
|
Start of Activities |
: 13/02/1991 |
|
|
Legal duration |
: 31/12/2100 |
|
|
Nominal Capital |
: 2.580.000 |
|
|
Subscribed Capital |
: 2.580.000 |
|
|
Paid up Capital |
: 2.580.000 |
|
Legal mail : |
AMMINISTRAZIONE@PEC.ROMACO.IT |
|
Naldi |
Giuseppino |
|
Born in Monghidoro |
(BO) |
on 12/07/1955 |
- Fiscal Code : NLDGPP55L12F363L |
|
Residence: |
Dei Pini |
, 22 |
- 40065 |
Pianoro |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
28/12/2005 |
||
|
Attorney with special power |
26/10/2012 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Romaco Pharmatechnik Gmbh |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Partner |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Alexandre |
Paulo Jorge Gregorio |
|
Born in Aljubarrota Alcobaca |
( ) |
on 18/12/1966 |
|
Residence: |
Hirschstr |
, 80 |
Karlsruhe |
- DE - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
05/09/2012 |
||
|
Board Chairman |
05/09/2012 |
||
|
Managing Director |
05/09/2012 |
|
No Protests registered |
|
Magriotis |
Nicola |
|
Born in Bologna |
(BO) |
on 23/06/1976 |
- Fiscal Code : MGRNCL76H23A944O |
|
Residence: |
Michele Amari |
, 2 |
- 40141 |
Bologna |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Procurator |
02/07/2015 |
||
|
Director |
14/10/2015 |
|
No Prejudicial events are reported |
|
No Protests registered |
|
Romaco Pharmatechnik Gmbh |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Sole partner |
|
No Protests registered |
*checkings have been performed on a national scale.
In this module the companies in which members hold/held positions are
listed.
The Members of the subject firm are not reported to be Members in other
companies.
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Romaco Pharmatechnik Gmbh |
100,00 |
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
MACINA SOCIETA' A RESPONSABILITA' LIMITA TA |
02212241208 |
10.000 .Eur |
100,00 |
Active |
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
Marzabotto |
, 5 |
- 40065 |
- Pianoro |
(BO) |
- IT - |
|
PHONE |
: 0516202511 |
|
Legal mail |
: AMMINISTRAZIONE@PEC.ROMACO.IT |
|
- |
Branch |
(Warehouse) |
since 01/09/2009 |
|
Marzabotto |
, 5 |
- 40065 |
- Pianoro |
(BO) |
- IT - |
|
Employees |
: 109 |
|
Fittings and Equipment for a value of 180.000 |
Eur |
|
Stocks for a value of 12.680.000 |
Eur |
Trade organization: direct or by agents.
Sales area on a national scale.
The products distribution is carried out by distributors.
Transports are mainly done using own vehicles and third parties ones
The company sells mainly to wholesalers.
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- its own sales net-work |
|
- its own agents |
Subject generally proposes terms of sale between 30 and 60 days.
Subject usually collects by cash order and drafts.
Purchase terms: 60-90-120 days.
Main used payment modalities are by cash orders and bank transfers.
Export is mainly towards:
|
- Italy |
|
- France |
|
- Belgium |
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Joint stock company |
Limited liability company |
01/10/2002 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Costruzioni Elettromeccaniche MontariosoSpA |
Romaco SpA |
03/12/1991 |
|
Romaco SpA |
Romaco Srl |
01/10/2002 |
CEASINGS/INCORPORATIONS/MERGES:
|
The firm absorved |
|
PROMATIC-ITALIA S.R.L. |
|
NAZIONALE |
, 55/9 |
, 40065 |
, Pianoro |
(BO) |
- IT - |
|
Fiscal Code: 03560100376 |
|
Date |
: |
10/12/1996 |
|
The firm absorved |
|
UNIPAC SISTEMI SRL |
|
, 20017 |
, Rho |
(MI) |
- IT - |
|
Fiscal Code: 11509350150 |
|
Date |
: |
10/12/1996 |
|
The firm absorved |
|
MACOFAR S.R.L. |
|
Nazionale |
, 55 |
, 40065 |
, Pianoro |
(BO) |
- IT - |
|
Fiscal Code: 00708650379 |
|
|
Date |
: |
10/12/1997 |
|
The firm absorved |
|
LAETUS SISTEMI SRL |
|
BUZZI |
, 4 |
, 20017 |
, Rho |
(MI) |
- IT - |
|
Fiscal Code: 10297540154 |
|
Date |
: |
21/12/2000 |
|
The firm absorved |
|
MACOFAR S.R.L. |
|
Nazionale |
, 55 |
, 40065 |
, Pianoro |
(BO) |
- IT - |
|
Date |
: |
10/12/1997 |
|
The firm absorved |
|
MACINA SOCIETA' A RESPONSABILITA' LIMITATA |
|
Fiscal Code: 02212241208 |
|
Date |
: |
25/07/2002 |
|
The firm absorved |
|
Zanchetta E C. - S.r.l. |
|
Della Contea |
, 24 |
, 55015 |
, Montecarlo |
(LU) |
- IT - |
|
Fiscal Code: 00431310465 |
|
Date |
: |
25/07/2002 |
|
Project of merging by taking over of |
|
UNIPAC SISTEMI SRL |
|
, 20017 |
, Rho |
(MI) |
- IT - |
|
Fiscal Code: 11509350150 |
|
Date |
Merging/splitting-up project: |
15/05/1996 |
|
The firm absorbed by merging of |
|
UNIPAC SISTEMI SRL |
|
, 20017 |
, Rho |
(MI) |
- IT - |
|
Fiscal Code: 11509350150 |
|
Date |
: |
10/12/1996 |
|
Project of merging by taking over of |
|
MACOFAR S.R.L. |
|
Nazionale |
, 55 |
, 40065 |
, Pianoro |
(BO) |
- IT - |
|
Fiscal Code: 00708650379 |
|
Date |
Merging/splitting-up project: |
21/03/1997 |
|
The firm absorbed by merging of |
|
MACOFAR S.R.L. |
|
Nazionale |
, 55 |
, 40065 |
, Pianoro |
(BO) |
- IT - |
|
Fiscal Code: 00708650379 |
|
Date |
: |
10/12/1997 |
|
Project of merging by taking over of |
|
LAETUS SISTEMI SRL |
|
BUZZI |
, 4 |
, 20017 |
, Rho |
(MI) |
- IT - |
|
Fiscal Code: 10297540154 |
|
Date |
Merging/splitting-up project: |
30/05/2000 |
|
The firm absorbed by merging of |
|
LAETUS SISTEMI SRL |
|
BUZZI |
, 4 |
, 20017 |
, Rho |
(MI) |
- IT - |
|
Fiscal Code: 10297540154 |
|
Date |
: |
21/12/2000 |
|
Project of merging by taking over of |
|
Zanchetta E C. - S.r.l. |
|
Della Contea |
, 24 |
, 55015 |
, Montecarlo |
(LU) |
- IT - |
|
Fiscal Code: 00431310465 |
|
Date |
Merging/splitting-up project: |
03/05/2002 |
|
The firm absorbed by merging of |
|
Zanchetta E C. - S.r.l. |
|
Della Contea |
, 24 |
, 55015 |
, Montecarlo |
(LU) |
- IT - |
|
Fiscal Code: 00431310465 |
|
Date |
: |
25/07/2002 |
|
Project of merging by taking over of |
|
MAPLE HOLDING S.R.L. |
|
, Bologna |
- IT - |
|
Fiscal Code: 03110811209 |
|
Date |
Merging/splitting-up project: |
22/07/2011 |
|
The firm absorbed by merging of |
|
EFFICACIA GIURIDICA DAL 31/08/2011 |
|
Date |
: |
29/08/2011 |
Protests checking on the subject firm has given a negative result.
Search performed on a National Scale
|
Prejudicial Events Search Result: NEGATIVE |
Search performed on a specialized data base.
None reported, standing to the latest received edition of the Official
Publications.
Subject is active since 1991
The eonomic-financial analysis is based on the latest 3 b/s.
During the last years, net losses were registered; in 2014 r.o.e. is
-41,85%. The last financial year was marked by a decrease in the turnover.
The operating result is negative.
The operating loss amounts to Eur. -79.562 .
During the latest financial year the gross operating margin amounted to
Eur. 2.566.259 , stable if compared to the year before.
The financial position is not well balanced as the volume of debts is
fairly remarkable if compared to shareholder's equity, in fact total debts are
5,4 increasing as against 2013.
With regard to equity capital, an amount of Eur. 3.600.136 is
registered. , falling in comparison with the year before.
In the year 2014 total debts amounted to Eur. 27.622.060 showing a
stable trend as opposed to 2013 (Eur. 28.728.470).
Both financial indebtedness and suppliers exposure are rather high even
if it still falls within the sector's average.
Liquidity is not completely adequate.
As to due from customers, the average terms are 54,25 days. , a value
lower than the sector's average.
As far as the cash flow is concerned during the latest financial year it
amounted to Eur. 437.498
Labour cost amounts to Eur. 7.894.937, with a 23,94% incidence on
production costs. and a 25,77% incidence on sales volumes.
The incidence percentage of financial charges on sales volume is equal
to -2,26%.
|
Complete balance-sheet for the year |
al 31/10/2014 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
30.637.175 |
|
Profit (Loss) for the period |
-1.506.826 |
|
Complete balance-sheet for the year |
al 31/10/2013 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
34.137.564 |
|
Profit (Loss) for the period |
-1.034.492 |
|
Complete balance-sheet for the year |
al 31/10/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
33.466.170 |
|
Profit (Loss) for the period |
-1.868.218 |
|
Complete balance-sheet for the year |
al 31/10/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.027.467 |
|
Profit (Loss) for the period |
-715.020 |
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/10/2014 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/10/2013 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as at 31/10/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
RATIOS |
Value Type |
as at 31/10/2014 |
as at 31/10/2013 |
as at 31/10/2012 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,43 |
0,44 |
0,49 |
0,18 |
|
Elasticity Ratio |
Units |
0,57 |
0,56 |
0,51 |
0,79 |
|
Availability of stock |
Units |
0,38 |
0,33 |
0,32 |
0,21 |
|
Total Liquidity Ratio |
Units |
0,19 |
0,23 |
0,19 |
0,52 |
|
Quick Ratio |
Units |
0,00 |
0,00 |
0,00 |
0,03 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
5,40 |
4,05 |
3,31 |
3,01 |
|
Self Financing Ratio |
Units |
0,11 |
0,14 |
0,17 |
0,19 |
|
Capital protection Ratio |
Units |
0,70 |
0,70 |
0,88 |
0,66 |
|
Liabilities consolidation quotient |
Units |
0,47 |
0,44 |
0,46 |
0,16 |
|
Financing |
Units |
7,67 |
5,63 |
4,63 |
3,56 |
|
Permanent Indebtedness Ratio |
Units |
0,39 |
0,40 |
0,43 |
0,34 |
|
M/L term Debts Ratio |
Units |
0,28 |
0,26 |
0,26 |
0,10 |
|
Net Financial Indebtedness Ratio |
Units |
2,26 |
1,82 |
1,56 |
0,69 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
0,89 |
0,90 |
0,87 |
1,65 |
|
Current ratio |
Units |
0,97 |
0,97 |
0,92 |
1,18 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,32 |
0,40 |
0,34 |
0,86 |
|
Structure's primary quotient |
Units |
0,25 |
0,32 |
0,35 |
1,02 |
|
Treasury's primary quotient |
Units |
0,00 |
0,00 |
0,00 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
922,98 |
702,89 |
592,11 |
509,92 |
|
Current Capital ( net ) |
Value |
-639.700 |
-679.112 |
-1.660.820 |
330.495 |
|
RETURN |
|||||
|
Return on Sales |
% |
1,43 |
2,63 |
0,09 |
3,79 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-41,85 |
-20,26 |
-30,42 |
6,70 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-29,30 |
-8,92 |
-24,53 |
18,82 |
|
Return on Investment ( R.O.I. ) |
% |
-0,24 |
0,62 |
-3,46 |
4,89 |
|
Return/ Sales |
% |
-0,26 |
0,65 |
-3,75 |
4,78 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
-465,18 |
n.c. |
29,96 |
|
Cash Flow |
Value |
437.498 |
899.316 |
31.482 |
165.166 |
|
Operating Profit |
Value |
-79.562 |
222.384 |
-1.256.546 |
225.594 |
|
Gross Operating Margin |
Value |
2.566.259 |
2.565.293 |
672.366 |
376.080 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
54,25 |
72,12 |
61,07 |
111,07 |
|
Debts to suppliers average term |
Days |
133,39 |
99,84 |
119,89 |
127,44 |
|
Average stock waiting period |
Days |
149,03 |
124,88 |
125,47 |
62,88 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,92 |
0,95 |
0,92 |
1,10 |
|
Rate of stock return |
Units |
2,42 |
2,88 |
2,87 |
5,58 |
|
Labour cost incidence |
% |
25,77 |
22,70 |
22,35 |
18,94 |
|
Net financial revenues/ charges incidence |
% |
-2,26 |
-1,91 |
-1,70 |
-1,15 |
|
Labour cost on purchasing expenses |
% |
23,94 |
22,36 |
19,57 |
18,99 |
|
Short-term financing charges |
% |
2,53 |
2,27 |
2,01 |
2,55 |
|
Capital on hand |
% |
108,46 |
105,15 |
108,66 |
90,89 |
|
Sales pro employee |
Value |
124.541 |
141.064 |
143.631 |
199.007 |
|
Labour cost pro employee |
Value |
32.093 |
32.017 |
32.106 |
34.820 |
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.
|
Population living in the province |
: |
944.297 |
|
Population living in the region |
: |
4.151.369 |
|
Number of families in the region |
: |
1.748.359 |
Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
2.063 |
|
- per energy consume |
: |
143 |
The values are calculated on a base of 1.964 significant companies.
The companies cash their credits on an average of 111 dd.
The average duration of suppliers debts is about 127 dd.
The sector's profitability is on an average of 3,79%.
The labour cost affects the turnover in the measure of 18,94%.
Goods are held in stock in a range of 63 dd.
The difference between the sales volume and the resources used to
realize it is about 1,10.
The employees costs represent the 18,99% of the production costs.
Statistcally the trade activity shows periods of crisis.
The area is statistically considered lowly risky.
In the region 18.860 protested subjects are found; in the province they
count to 3.720.
The insolvency index for the region is 0,46, , while for the province it
is 0,40.
Total Bankrupt companies in the province : 4.335.
Total Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.11 |
|
|
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.78 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ASH |
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.