MIRA INFORM REPORT

 

 

Report No. :

341352

Report Date :

26.09.2015

 

IDENTIFICATION DETAILS

 

Name :

PIMPOLHO PRODUTOS INFANTIS LTDA.

 

 

Registered Office :

Rua Fernando Antonio,13 - Dom Bosco 29147-330 - Cariacica/Es

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

17.06.2009

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of clothing and shoes for children.

 

 

No. of Employees :

48 Employee(s)

 

 

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 :

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Brazil

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

BRAZIL - ECONOMIC OVERVIEW

 

Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, and a rapidly expanding middle class, Brazil's economy outweighs that of all other South American countries, and Brazil is expanding its presence in world markets. Since 2003, Brazil has steadily improved its macroeconomic stability, building up foreign reserves, and reducing its debt profile by shifting its debt burden toward real denominated and domestically held instruments. Since 2008, Brazil became a net external creditor and all three of the major ratings agencies awarded investment grade status to its debt. After strong growth in 2007 and 2008, the onset of the global financial crisis hit Brazil in 2008. Brazil experienced two quarters of recession, as global demand for Brazil's commodity-based exports dwindled and external credit dried up. However, Brazil was one of the first emerging markets to begin a recovery. In 2010, consumer and investor confidence revived and GDP growth reached 7.5%, the highest growth rate in the past 25 years. After reaching historic lows of 4.5% in early 2014, the unemployment rate remains low, but is rising. Brazil's traditionally high level of income inequality has declined for each of the last 15 years. GDP growth has slowed since 2011, due to several factors, including: overdependence on exports of raw commodities, low productivity, high operational costs, persistently high inflation, and low levels of investment. Brazil’s fiscal and current account balances have eroded during the past four years as the government attempted to boost economic growth through targeted tax cuts for industry and incentives to spur household consumption. After winning re-election in October 2014 by a historically narrow margin, President Dilma ROUSSEFF appointed a new economic team led by Finance Minister Joaquim LEVY, who introduced a fiscal austerity package intended to restore the primary account surplus to 1.2% of GDP and preserve the country’s investment-grade sovereign credit rating. Brazil seeks to strengthen its workforce and its economy over the long run by imposing local content and technology transfer requirements on foreign businesses, by investing in education through social programs such as Bolsa Familia and the Brazil Science Mobility Program, and by investing in research in the areas of space, nanotechnology, healthcare, and energy.

 

Source : CIA

 

 

Company name

 

PIMPOLHO PRODUTOS INFANTIS LTDA.

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA FERNANDO ANTONIO,13 - DOM BOSCO

ZIP CODE/CITY:

29147-330 - CARIACICA/ES

 

 

PHONE:

27 3340-1972

FAX:

27 3340-1972

E-MAIL:

contabilidade@pimpolho.com.br

WEB SITE:

www.pimpolho.com.br

 

BRANCHES:

 

 

 

UNREGISTERED OFFICE ADDRESS:

RUA VALDIVINO VIEIRA,153 - BAIRRO DA GLÓRIA

ZIP CODE/CITY:

29147-330 VILA VELHA/ES

PHONE:

27 2104-0555

 

 

ADDRESS:

RUA DEOLINDO PERIM,13 QUADRA VI - JARDIM GUADALAJARA

ZIP CODE/CITY:

29180-015 VILA VELHA/ES

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF CLOTHING AND SHOES FOR CHILDREN.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

17/06/2009

REGISTER DATE:

17/06/2009

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

10.912.561/0001-10

STATE REGISTER:

082.635.80-3

 

 

SHARE CAPITAL:

R$ 4.497.000,00

 

BOARD OF DIRECTORS:

 

 

 

NILZA AZEVEDO DE BRITO

MANAGING PARTNER

NELSON TAVARES AZEVEDO DE BRITO

MANAGING PARTNER

JOSE TAVARES AZEVEDO DE BRITO

MANAGING PARTNER

ANTONIO TAVARES AZEVEDO DE BRITO

MANAGING PARTNER

CECILIA AZEVEDO DE BRITO MONTEIRO

MANAGING PARTNER

FERNANDO DE BRITO MONTEIRO

MANAGING PARTNER

RICARDO SILVA  TAVARES DE BRITO

MANAGING PARTNER

MARINA LOPES DE BRITO

MANAGING PARTNER

GABRIELA LOPES DE BRITO

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

NILZA AZEVEDO DE BRITO

R$ 2.338.440,00

CECILIA AZEVEDO DE BRITO MONTEIRO

R$ 404.730,00

JOSE TAVARES AZEVEDO DE BRITO

R$ 539.640,00

NELSON TAVARES AZEVEDO DE BRITO

R$ 494.670,00

GABRIELA LOPES DE BRITO

R$ 22.485,00

ANTONIO TAVARES AZEVEDO DE BRITO

R$ 449.700,00

MARINA LOPES DE BRITO

R$ 22.485,00

FERNANDO DE BRITO MONTEIRO

R$ 134.910,00

RICARDO SILVA TAVARES DE BRITO

R$ 89.940,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

BRITO HODING LTDA

 

BRITO & CIA LTDA

 

COMERCIAL GLORIA LTDA

 

JTB HOTEIS E POUSADAS LTDA

 

TB EMPREENDIMENTOS LTDA

 

OCEAN - COMERCIO, IMPORTACAO E EXPORTACAO LTDA.

 

NTA BRITO SERVICOS AGRICOLAS - EIRELI

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON JUNE 17, 2009 TO BE ENGAGED IN THE SAID LINE OF BUSINESS.

 

PARTNERS:

 

NILZA AZEVEDO DE BRITO: BRAZILIAN, WIDOW, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF 525.769.577-49, RG 128.523./SSP-ES, RESIDENTIAL ADDRESS AT AVENIDA ANTONIO GIL VELOSO 544, APTO 501, PRAIA DA COSTA, ZIP CODE 29101-012, VILA VELHA/ES;

 

ANTONIO TAVARES AZEVEDO DE BRITO: BRAZILIAN, MARRIED, CIVIL ENGINEER, HOLDER OF DOCUMENTS CPF 474.782.507-00, RG 240.114/SPTC-ES, RESIDENTIAL ADDRESS AT AVENIDA DESEMBARGADOR ALFREDO CABRAL 501, ILHA DO FRADE, ZIP CODE 29057-030, VITORIA/ES;

 

CECILIA AZEVEDO DE BRITO MONTEIRO: BRAZILIAN, MARRIED, ECONOMIST, HOLDER OF DOCUMENTS CPF 421.342.427-87, RG 283.022/SPTC-ES, RESIDENTIAL ADDRESS AT AVENIDA SATURNINO DE BRITO 117, APTO 1001, PRAIA DO CANTO, ZIP CODE 29055-180, VITORIA/ES;

 

JOSE TAVARES AZEVEDO DE BRITO: BRAZILIAN, MARRIED, CIVIL ENGINEER, HOLDER OF DOCUMENTS CPF 731.747.777-04, RG 472.539/SPTC-ES, RESIDENTIAL ADDRESS AT AVENIDA DESEMBARGADOR ALFREDO CABRAL 580, ILHA DO FRADE, ZIP CODE 29057-030, VITORIA/ES;

 

NELSON TAVARES AZEVEDO DE BRITO: BRAZILIAN, DIVORCED, ENGINEER, HOLDER OF DOCUMENTS CPF 261.503.286-00, RG 330.546/SPTC-ES, RESIDENTIAL ADDRESS AT RUA AGENOR AMARO DOS SANTOS, 260, APTO 402, JARDIM CAMBURI, ZIP CODE 29090-010, VITORIA/ES;

 

MARINA LOPES DE BRITO:BRAZILIAN, SINGLE, STUDENT, RESIDENTIAL ADDRESS AT AVENIDA SATURNINO DE BRITO, 735, APTO 902, PRAIA DO CANTO, ZIP CODE 29055-215, VITÓRIA/ES, HOLDER OF DOCUMENTS RG 3.063.043 SPTC-ES AND CPF 133.352.427-77;

 

GABRIELA LOPES DE BRITO:BRAZILIAN, SINGLE, ENTRREPRENEUR, RESIDENTIAL ADDRESS AT AVENIDA SATURNINO DE BRITO, 735, APTO 902, PRAIA DO CANTO, ZIP CODE 29055-215, VITÓRIA/ES, HOLDER OF DOCUMENTS RG 3.063.049 SPTC-ES AND CPF 133.352.417-03.

 

FERNANDO DE BRITO MONTEIRO: BRAZILIAN, SINGLE, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF 087.262.497-82, RG 1.475.426/SSP-ES, RESIDENTIAL ADDRESS AT RUA JOAQUIM LIRIO 85, APTO 1102, PRAIA DO CANTO, ZIP CODE 29055-460, VITORIA/ES;

 

RICARDO SILVA  TAVARES DE BRITO: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF 057.055.187-06, RG 2.000.088/SPTC-ES, RESIDENTIAL ADDRESS AT RUA ALEIXO NETTO, 807, APTO 2001, PRAIA DO CANTO, ZIP CODE 29055-145, VITORIA/ES.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2014

31/12/2013

31/12/2012

 

 

 

 

CASH AND CASH EQUIVALENTS

2.879.545,25

3.255.702,21

2.901.299,63

CLIENTS

7.241.518,99

5.719.314,37

4.808.422,08

RECOVERABLE TAXES

90.947,92

164.311,50

149.228,05

ADVANCES

185.821,76

326.335,97

74.764,04

OTHER

39.453,09

290.111,05

11.053,38

INVENTORY

14.230.695,68

14.593.609,85

10.150.873,27

PRE PAID EXPENSES

11.773,07

13.343,03

12.730,14

 

----------------

----------------

----------------

TOTAL CURRENT ASSETS

24.679.755,76

24.362.727,98

18.108.370,59

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

CREDIT WITH RELTD COMPANIES

3.131.080,29

 

 

 

----------------

----------------

----------------

TOTAL LONG-TERM RECEIVABLES

3.131.080,29

 

 

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

 

30.151,90

71.726,78

FIXED ASSETS

514.883,05

546.799,88

580.135,96

INTANGIBLE

2.236,91

4.056,83

5.876,75

 

----------------

----------------

----------------

TOTAL FIXED ASSETS

517.119,96

581.008,61

657.739,49

 

================

================

================

TOTAL ASSETS

28.327.956,01

24.943.736,59

18.766.110,08

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2014

31/12/2013

31/12/2012

 

 

 

 

SUPPLIERS

159.677,56

329.370,02

343.493,08

SOCIAL / LABOR OBLIGATIONS

53.835,30

66.058,72

49.960,66

TRIBUTARY OBLIGATIONS

126.195,52

90.962,75

68.194,21

INCOME TAX

213.497,10

168.380,87

138.469,74

SOCIAL CONTRIBUTION

124.525,83

105.032,45

85.488,66

COMMISSIONS DUE

100.120,78

61.641,18

77.036,97

OTHER

399.126,16

93.014,37

54.046,02

PROVISIONS

30.736,86

68.193,14

44.385,03

 

----------------

----------------

----------------

TOTAL CURRENT LIABILITIES

1.207.715,11

982.653,50

861.074,37

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

4.497.000,00

4.497.000,00

4.497.000,00

PROFIT RESERVES

22.623.240,90

19.464.083,09

13.408.035,71

 

----------------

----------------

----------------

TOTAL NET EQUITY

27.120.240,90

23.961.083,09

17.905.035,71

 

================

================

================

TOTAL LIABILITIES

28.327.956,01

24.943.736,59

18.766.110,08

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012.

( FIGURES ARE IN REAIS ).

 

 

31/12/2014

31/12/2013

31/12/2012

 

 

 

 

GROSS SALES

44.970.056,07

35.443.585,34

29.080.131,98

(-) TAXES ON SALES

4.622.728,91

3.762.171,79

4.490.220,92

 

----------------

----------------

----------------

NET SALES

40.347.327,16

31.681.413,55

24.589.911,06

(-) COST OF SOLD GOODS

18.107.335,97

14.285.115,69

10.458.373,41

 

----------------

----------------

----------------

GROSS PROFIT

22.239.991,19

17.396.297,86

14.131.537,65

OPERATING REVENUE (EXPENSE)

-11.068.849,85

-8.019.487,26

-6.422.254,29

FINANCIAL REVENUE(EXPENSE)

-48.541,25

120.363,09

186.131,77

 

----------------

----------------

----------------

OPERATIONAL PROFIT (LOSS)

11.122.600,09

9.497.173,69

7.895.415,13

NON-OPERATING RESULT

70,77

 

 

CONTRIBUTION/INCOME TAX

-1.622.060,34

-1.379.214,60

-1.161.060,49

 

----------------

----------------

----------------

NET PROFIT (LOSS)

9.500.610,52

8.117.959,09

6.734.354,64

 

MONTHLY SALES

 

  2015

 

 

 

---------------------

 

 

JANUARY

R$ 3.184.694,17

 

 

FEBRUARY

R$ 4.051.290,38

 

 

MARCH

R$ 5.951.075,06

 

 

APRIL

R$ 4.951.035,61

 

 

MAY

R$ 4.709.139,70

 

 

JUNE

 

 

 

JULY

 

 

 

AUGUST

 

 

 

SEPTEMBER

 

 

 

OCTOBER

 

 

 

NOVEMBER

 

 

 

DECEMBER

 

 

 

TOTAL

R$ 22.847.234,92

 

 

 

RATIOS:

31/12/2014

31/12/2013

31/12/2012

 

QUICK RATIO

8,65

 

9,94

 

9,24

 

CURRENT RATIO

20,44

 

24,79

 

21,03

 

ACCOUNTS RECEIVABLE TURNOVER

5,57

TIMES

5,54

TIMES

5,11

TIMES

DAYS' SALES IN RECEIVABLES

64,61

DAYS

64,99

DAYS

70,40

DAYS

INVENTORY TURNOVER

1,27

TIMES

,98

TIMES

1,03

TIMES

ACCOUNTS PAYABLE PERIOD

3,17

DAYS

8,30

DAYS

11,82

DAYS

RETURN ON ASSETS

1,42

TIMES

1,27

TIMES

1,31

TIMES

SALES TURNOVER ON NET EQUITY

1,49

TIMES

1,32

TIMES

1,37

TIMES

NET WORTH TIE-UP

,02

 

,02

 

,03

 

INDEBTEDNESS

,04

 

,04

 

,05

 

EQUITY RATIO

95,74

%

96,06

%

95,41

%

WORKING CAPITAL RATIO

1.943,51

%

2.379,28

%

2.003,00

%

GENERAL SOLVENCY

23,46

 

25,38

 

21,79

 

RETURN ON NET EQUITY

35,03

%

33,88

%

37,61

%

RETURN ON SALES (PROFIT MARGIN)

23,55

%

25,62

%

27,39

%

GROSS PROFIT MARGIN

55,12

%

54,91

%

57,47

%

OPERATIONAL RESULT

27,57

%

29,98

%

32,11

%

SALES TURNOVER ON LIABILITIES

33,41

TIMES

32,24

TIMES

28,56

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 3,85

 - OFFICIAL RATE ON 15/09/2015

US$ 1,00 = R$ 2,65

 - OFFICIAL RATE ON 31/12/2014

US$ 1,00 = R$ 2,34

 - OFFICIAL RATE ON 31/12/2013

US$ 1,00 = R$ 2,04

 - OFFICIAL RATE ON 31/12/2012

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.

 

THE FIGURES AVAILABLE SHOW A VERY GOOD FINANCIAL STANDING. IT SHOWS HIGH LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL, AS WELL AS VERY LOW LEVEL OF INDEBTEDNESS. IN ADDITION IT IS NOTED GROWING SALES AND PROFITABILITY.

 

REAL ESTATE:

 

   NOT AVAILABLE

 

VEHICLES:

 

   NOT AVAILABLE

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 302.222,31

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO DO BRASIL S/A

3431-2   /   27 3331-2671

 

BANCO BRADESCO S/A

1200-9   /     273349-3211

 

BANCO ITAU S/A

0701   /  27 3329-0455

 

CAIXA ECONOMICA FEDERAL

1643    /   27 2124-1643

 

 

REMARKS: IN BRAZIL THE BANKS ARE PROHIBITED BY LAW TO PROVIDE INFORMATION OR ANY KIND OF COMMENTS ABOUT THEIR CLIENTS. DUE TO THIS LAW PROHIBITION WE ARE UNABLE TO PROVIDE ANY BANKING DETAILS.

 

ACCORDING TO THE CENTRAL BANK OF BRAZIL OFFICIAL REPORT, THE COMPANY HAS NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK").

 

 

ACTIVITIES COMMENTS

 

MANUFACTURE OF CLOTHING AND SHOES FOR CHILDREN.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

NOT AVAILABLE.

 

   EXPORTS TO:

NOT AVAILABLE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

CITY:

PHONE:

BRASCOL COMERCIO DE ROUPAS LTDA

SAO PAULO/SP

11 3328-1818

CONFECÇÕES EMILIO LTDA

SAO PAULO/SP

11 2693-4660

ESPAÇO SHOE COM. DE ARTIGOS DO VESTUARIO LTDA

NITEROI/RJ

21 7866-5744

 

STAFF:

 

THE COMPANY HAS: 48 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2009. SO FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. IT IS A FAMILY-RUN COMPANY AND BOTH THE COMPANY AND THE PRINCIPALS ENJOY A FAVORABLE REPUTATION AMONG LOCAL TRADE SOURCES.

 

THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER OF TRADE CREDIT FACILITIES.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

CITY:

PHONE:

ADATEX S/A INDUSTRIA E OCMERCIO

JACAREI/SP

12 2127-2300

ALDEIAS CALCADOS LTDA - ME

JUAZEIRO DO NORTE/CE

88 3571-2077

ELMAR CONFECÇÕES LTDA - ME

CACHOEIRO DE ITAPEMIRIM/ES

27 3515-1034

INDUSTRIA DE PAPEL E PAPELAO SAO ROBERTO S/A

SAO PAULO/SP

11 2632-3000

JOFER EMBALAGENS LTDA

BIRIGUI/SP

18 3643-4000

 

PAYMENT HISTORY:

 

3 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 113.262,00

 

AMOUNT OF INVOICES PAID: 16

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 29.125,00

HIGHEST CREDIT: R$ 29.125,00

 

 

 

FINAL OPINION

 

BASED ON THE GENERAL INFORMATION AVAILABLE IT IS BELIEVED THAT GOOD TRADE RELATIONS MAY BE ESTABLISHED. CREDIT FACILITIES MAY BE EXTENDED WITHIN TERMS AND AMOUNTS ADEQUATE TO THE COMPANY'S FINANCIAL STRENGTH.

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.10

UK Pound

1

Rs.100.89

Euro

1

Rs.73.96

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

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%)

 

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.