MIRA INFORM REPORT

 

 

Report No. :

347822

Report Date :

30.10.2015

 

IDENTIFICATION DETAILS

 

Name :

EURO RUBBER LINES LIMITED

 

 

Registered Office :

Welvic Sitepo Box 4, Hillhouse Business ParthorntonmFY5 4QD

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

21.12.2009

 

 

Com. Reg. No.:

07109150

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Wholesale Of Other Machinery And Equipment

 

 

No. of Employees :

Not Available

 

 

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 :

Satisfactory

 

 

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)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

UNITED KINGDOM - ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK has been a net importer of energy since 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output.

In 2008, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

The Bank of England (BoE) implemented an asset purchase program of 375 billion (approximately $586 billion) as of December 2014. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).

 

Source : CIA

 

Company Name and Address

 

EURO RUBBER LINES LIMITED

 

WELVIC SITEPO BOX 4, HILLHOUSE BUSINESS PARTHORNTONFY5 4QD

 

 

Company No

 

07109150

 

 

Company Status

 

Active - Accounts Filed

 

 

Company Summary

 

Registered Address                  WELVIC SITE
PO BOX 4, HILLHOUSE BUSINESS PAR
THORNTON
FY5 4QD

 

Trading Address                      Welvic Site
PO Box 4, Hillhouse Business Par
Thornton
Lancashire
FY5 4QD

Website Address                      http://www.eurorubberlines.com

 

Telephone Number                   01253850929

Fax Number

TPS                                          No

FPS                                          No

Incorporation Date                   21/12/2009

Previous Name

Type                                         Private limited with Share Capital

FTSE Index                              -

Date of Change             -

Filing Date of Accounts            30/09/2015

Currency                                  GBP

Share Capital                           £100

SIC07                                       46690

Charity Number                        -

SIC07 Description                    WHOLESALE OF OTHER MACHINERY AND EQUIPMENT

Principal Activity

Key Financials

 

Year to Date     Turnover          Pre Tax Profit      Shareholder     Funds Employees

31/12/2014        -                       -                           £866,194          -

31/12/2013        -                       -                           £627,565          -

31/12/2012        -                       -                           £503,544          -

 

 

Mortgage Summary

 

Total Mortgage             1

Outstanding                 1

Satisfied                       0

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade     0

Total Value of Documented Trade        £0

 

 

Commentary

 

This company has been treated as a Small company in respect of the rating/limit generated.

The latest Balance Sheet indicates a very positive net working capital position.

The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.

There has been an increase in shareholders funds compared with the previous balance sheet.

This company trades in an industry with a moderate level of corporate failures.

 

 

CCJ

 

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

Total Number of Writs -

-

 

Total Current Directors

2

Total Current Secretaries

0

Total Previous Directors / Company Secretaries

2

 

 

Current Directors

 

Name

Hans Edward Van Winkelen

Date of Birth

08/09/1975

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

21/12/2009

Address

Welvic Site Po Box 4, Hillhouse Business Park, Thornton, Lancashire, FY5 4QD

 

Name

Jan Van Winkelen

Date of Birth

25/09/1943

Officers Title

Mr

Nationality

Dutch

Present Appointments

2

Function

Director

Appointment Date

21/12/2009

Address

Welvic Site Po Box 4, Hillhouse Business Park, Thornton, Lancashire, FY5 4QD

 

 

Current Company Secretary

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

JAN VAN WINKELEN

GBP

50

ORDINARY

1

50

HANS EDWARD VAN WINKELEN

GBP

50

ORDINARY

1

50

 

 

Profit & Loss

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Turnover

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Export

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Cost of Sales

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Gross Profit

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Wages & Salaries

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Directors Emoluments

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Operating Profit

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Depreciation

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Audit Fees

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Interest Payments

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Taxation

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Profit After Tax

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Dividends Payable

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Tangible Assets

0

-

0

-

0

-

0

-

0

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Intangible Assets

0

-

0

-

0

-

0

-

0

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Total Fixed Assets

0

-

0

-

0

-

0

-

0

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Stock

£155,900

-72.8%

£572,900

40.2%

£408,500

-18.8%

£502,950

-47.8%

£963,575

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Trade Debtors

£1,010,758

50%

£673,867

-1.1%

£681,249

-17.3%

£823,491

268.2%

£223,646

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Cash

£395,065

121.8%

£178,139

-62.4%

£474,145

145.5%

£193,126

466.8%

£34,072

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Other Debtors

0

-

0

-

0

-

0

-

0

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Total Current Assets

£1,561,723

9.6%

£1,424,906

-8.9%

£1,563,894

2.9%

£1,519,567

24.4%

£1,221,293

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Trade Creditors

£695,529

-12.8%

£797,341

-24.8%

£1,060,350

-14.9%

£1,245,573

11.7%

£1,115,453

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Total Current Liabilities

£695,529

-12.8%

£797,341

-24.8%

£1,060,350

-14.9%

£1,245,573

11.7%

£1,115,453

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

 

Capital & Reserves

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

P & L Account Reserve

£866,094

38%

£627,465

24.6%

£503,444

83.8%

£273,894

159%

£105,740

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Sundry Reserves

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Shareholder Funds

£866,194

38%

£627,565

24.6%

£503,544

83.8%

£273,994

158.9%

£105,840

 

 

Other Financial Items

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Net Worth

£866,194

38%

£627,565

24.6%

£503,544

83.8%

£273,994

158.9%

£105,840

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Working Capital

£866,194

38%

£627,565

24.6%

£503,544

83.8%

£273,994

158.9%

£105,840

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Total Assets

£1,561,723

9.6%

£1,424,906

-8.9%

£1,563,894

2.9%

£1,519,567

24.4%

£1,221,293

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Total Liabilities

£695,529

-12.8%

£797,341

-24.8%

£1,060,350

-14.9%

£1,245,573

11.7%

£1,115,453

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Net Assets

£866,194

38%

£627,565

24.6%

£503,544

83.8%

£273,994

158.9%

£105,840

 

 

Cash Flow

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Capital Employed

£866,194

38%

£627,565

24.6%

£503,544

83.8%

£273,994

158.9%

£105,840

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Number of Employees

-

-

-

-

-

-

-

-

-

Accountants

HML DAVIES LIMITED

Auditors

Auditor Comments

The company is exempt from audit

Bankers

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/12/14

31/12/13

31/12/12

31/12/11

31/12/10

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Pre-tax profit margin %

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Current ratio

2.25

1.79

1.47

1.22

1.09

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Sales/Net Working Capital

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Gearing %

0

0

0

0

0

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Equity in %

55.50

44

32.20

18

8.70

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Creditor Days

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Debtor Days

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Liquidity/Acid Test

2.02

1.06

1.08

0.81

0.23

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Return On Capital Employed %

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Return On Total Assets Employed %

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Current Debt Ratio

0.80

1.27

2.10

4.54

10.53

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Total Debt Ratio

0.80

1.27

2.10

4.54

10.53

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Stock Turnover Ratio %

-

-

-

-

-

Description: \\vivek-pc\123 Foreign Report Raw\EURO RUBBER LINES LIMITED_files\barchart-grey.png

Return on Net Assets Employed %

-

-

-

-

-

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

05/10/2015

New Accounts Filed

22/01/2015

Annual Returns

04/10/2014

New Accounts Filed

07/02/2014

Annual Returns

04/10/2013

New Accounts Filed

06/03/2013

Annual Returns

03/10/2012

New Accounts Filed

23/01/2012

Annual Returns

22/09/2011

New Accounts Filed

30/12/2010

Annual Returns

01/11/2010

Change in Reg.Office

15/01/2010

Change in Reg.Office

15/01/2010

Change of Company Postcode

15/01/2010

LONDON LAW SECRETARIAL LIMITED has resigned as company secretary

15/01/2010

Mr J.J. Cowdry has left the board

 

 

Previous Company Names

 

No Previous Names found

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

-

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

-

Ownership Status

Ultimate Holding Company

-

 

 

Group Structure Full

 

No Group Structure

 

 

Mortgage Details

 

Mortgage Type:

DEBENTURE

Date Charge Created:

26/02/10

Date Charge Registered:

27/02/10

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

John Jeremy Arthur Cowdry

84

2803

LONDON LAW SECRETARIAL LIMITED

244

2414

Average Invoice Value

Ł239.52

Invoices available

1

Paid

1

Outstanding

0

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

1

0

0

0

0

Outstanding

0

0

0

0

0

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.15

UK Pound

1

Rs.99.36

Euro

1

Rs.71.25

 

INFORMATION DETAILS

 

Analysis Done by :

HNA

 

 

Report Prepared by :

TRU

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.