MIRA INFORM REPORT

 

 

Report No. :

342314

Report Date :

28.09.2015

 

IDENTIFICATION DETAILS

 

Name :

GLOBALMATICS TRADING PTE LTD

 

 

Registered Office :

435, Orchard Road, 19-01, Wisma Atria, 238877,

 

 

Country :

Singapore

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

23.06.1987

 

 

Com. Reg. No.:

198701780-D

 

 

Legal Form :

Exempt Private

 

 

Line of Business :

Trading of fashion apparels.

 

 

No. of Employee :

10 [2015]

 

 

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Singapore

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SINGAPORE ECONOMIC OVERVIEW

 

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. Unemployment is very low. The economy depends heavily on exports, particularly of consumer electronics, information technology products, medical and optical devices, pharmaceuticals, and on its vibrant transportation, business, and financial services sectors. The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010 on the strength of renewed exports. Growth in 2014 was slower at 2.9%, largely a result of soft demand for exports amid a sluggish global economy and weak growth in Singapore’s manufacturing sector. The government is attempting to restructure Singapore’s economy by weaning its dependence on foreign labor, addressing weak productivity, and increasing Singaporean wages. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and high-tech hub. Singapore is a member of the 12-nation Trans-Pacific Partnership free TRADE negotiations, the Regional Comprehensive Economic Partnership negotiations with the nine other ASEAN members plus Australia, China, India, Japan, South Korea and New Zealand, and in 2015, Singapore will form, with the other ASEAN members, the ASEAN Economic Community.

 

Source : CIA

 

 

EXECUTIVE SUMMARY

 

 

REGISTRATION NO.

:

198701780-D

COMPANY NAME

:

GLOBALMATICS TRADING PTE LTD

FORMER NAME

:

N/A

INCORPORATION DATE

:

23/06/1987

COMPANY STATUS

:

EXIST

LEGAL FORM

:

EXEMPT PRIVATE

LISTED STATUS

:

NO

REGISTERED ADDRESS

:

435, ORCHARD ROAD, 19-01, WISMA ATRIA, 238877, SINGAPORE.

BUSINESS ADDRESS

:

435, ORCHARD ROAD, 19-01, WISMA ATRIA,, 238877, SINGAPORE.

TEL.NO.

:

65-67331125

FAX.NO.

:

65-67336134

CONTACT PERSON

:

TAN BEE HNG ( DIRECTOR )

PRINCIPAL ACTIVITY

:

TRADING OF FASHION APPARELS

ISSUED AND PAID UP CAPITAL

:

630,700.00 ORDINARY SHARE, OF A VALUE OF SGD 630,700.00

SALES

:

N/A

NET WORTH

:

N/A

STAFF STRENGTH

:

10 [2015]

LITIGATION

:

CLEAR

FINANCIAL CONDITION

:

N/A

PAYMENT

:

N/A

MANAGEMENT CAPABILITY

:

AVERAGE

COMMERCIAL RISK

:

N/A

CURRENCY EXPOSURE

:

MODERATE

GENERAL REPUTATION

:

SATISFACTORY

INDUSTRY OUTLOOK

:

AVERAGE GROWTH

 

 

HISTORY / BACKGROUND

 

The Subject is an exempt private company whose shares are not held by any corporate body and has no more than 20 shareholders who are all natural persons. An exempt company is a type of private limited company. A private limited company is a separate legal entity from its shareholders. As a separate legal entity, the Subject is capable of owning assets, entering into contracts, suing or be sued by other companies. An exempt private company with an annual turnover of less than SGD5 million are exempted from statutory auditing requirements. Instead of filing audited annual accounts, the Subject has to file in a document duly signed by its director in charge of its finance and the company secretary stating that the Subject is able to meet all its obligations as and when they fall due. The Subject is not required to have their accounts audited. However, the Subject will prepare unaudited accounts for purposes of AGMs and filing with Registry Office if it is unable to meet all its obligations as and when they fall due .

The Subject is principally engaged in the (as a / as an) trading of fashion apparels.

 

Share Capital History

Date

Issue & Paid Up Capital

23/09/2015

SGD 630,700.00

 

The major shareholder(s) of the Subject are shown as follows :


Current Shareholder(s) :

Name

Address

IC/PP/Loc No

Shareholding

(%)

NABIN TULADHAR +

435, ORCHARD ROAD, 16-05, WISMA ATRIA, 238877, SINGAPORE.

F1162642N

519,199.00

82.32

LE KHANH NGON

19, BUCKTHORN WAY MENLO PARK, 94025, CALIFORNIA, UNITED STATES.

Z7969367

61,500.00

9.75

TAN BEE HNG +

537, ANG MO KIO AVENUE 5, 02-4056, 560537, SINGAPORE.

S1794686B

1.00

0.00

GEORGE EDWIN TURNER

124, BUCKTHORN WAY MENLON PARK CALIFORNIA 94025, UNITED STATES.

050468226

50,000.00

7.93

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

------

630,700.00

100.00

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

=====

+ Also Director



DIRECTORS

 

DIRECTOR 1

 

Name Of Subject

:

TAN BEE HNG

Address

:

537, ANG MO KIO AVENUE 5, 02-4056, 560537, SINGAPORE.

IC / PP No

:

S1794686B

Nationality

:

SINGAPOREAN

Date of Appointment

:

13/09/1990

 

DIRECTOR 2

 

Name Of Subject

:

NABIN TULADHAR

Address

:

435, ORCHARD ROAD, 16-05, WISMA ATRIA, 238877, SINGAPORE.

IC / PP No

:

F1162642N

Nationality

:

NEPALESE

Date of Appointment

:

23/06/1987

MANAGEMENT

 

 

 

1)

Name of Subject

:

TAN BEE HNG

Position

:

DIRECTOR

 

 

 

AUDITOR

 

Auditor

:

AFX & ASSOCIATES

Auditor' Address

:

N/A

 

 

 

COMPANY SECRETARIES

 

1)

Company Secretary

:

TONY CHUA CHWEE BOCK

IC / PP No

:

S0019417D

Address

:

17, TELOK BLANGAH CRESCENT, 19-282, 090017, SINGAPORE.

 

 

 

BANKING


No Banker found in our databank.

 

ENCUMBRANCE (S)

 

Charge No

Creation Date

Charge Description

Chargee Name

Total Charge

Status

200102096

04/05/2001

N/A

UNITED OVERSEAS BANK LTD

-

Unsatisfied

200203814

29/08/2002

N/A

THE DEVELOPMENT BANK OF SINGAPORE LTD

-

Unsatisfied

 

 

LITIGATION CHECK AGAINST SUBJECT


* A check has been conducted in our databank againt the Subject whether the subject has been involved in any litigation.

No legal action was found in our databank.

No winding up petition was found in our databank.

 

PAYMENT RECORD

 

 

SOURCES OF RAW MATERIALS:

Local

:

YES

Overseas

:

YES

 

 

CLIENTELE

 

Local

:

N/A

Overseas

:

N/A

Credit Term

:

N/A

Payment Mode

:

N/A


The Subject refused to disclose its clientele.

 

 

OPERATIONS

 

Goods Traded

:

FASHION APPARELS

 

Total Number of Employees:

YEAR

2015

GROUP

N/A

COMPANY

10

 

Branch

:

NO

Other Information:


The Subject is principally engaged in the (as a / as an) trading of fashion apparels.
The Subject refused to disclose its operation.

 

CURRENT INVESTIGATION

 

Latest fresh investigations carried out on the Subject indicated that :

Telephone Number Provided By Client

:

6567 331125 CELL NO +6597318696

Current Telephone Number

:

65-67331125

Match

:

YES

Address Provided by Client

:

435 ORCHARD ROAD, #19-01, WISMA ATRIA, SINGAPORE 238877

Current Address

:

435, ORCHARD ROAD, 19-01, WISMA ATRIA,, 238877, SINGAPORE.

Match

:

YES


We have contacted the SC's Accountant and its Company Secretary for the latest financial accounts. However they have rejected our request in view of the confidentiality of the documents.

 

Other Investigations


On 28th September 2015 we contacted one of the staff from the Subject and he provided some information.

 

FINANCIAL ANALYSIS

 

 

The Subject is a private exempt company which does not need to file in its accounts with the Registrar of Companies for the information of the public. Therefore, we are not able to comment on the Subject's financial performance.

Overall financial condition of the Subject : N/A

 

 

 

SINGAPORE ECONOMIC / INDUSTRY OUTLOOK

 

 

Major Economic Indicators :

2010

2011

2012

2013

2014

 

Population (Million)

5.08

5.18

5.31

5.40

5.47

Gross Domestic Products ( % )

14.5

4.9

1.3

3.7

(3.5)

Consumer Price Index

2.8

5.2

4.6

2.4

2.4

Total Imports (Million)

423,221.8

459,655.1

474,554.0

466,762.0

463,779.1

Total Exports (Million)

478,840.7

514,741.2

510,329.0

513,391.0

518,922.7

 

Unemployment Rate (%)

2.2

2.1

2.0

1.9

1.9

Tourist Arrival (Million)

11.64

13.17

14.49

15.46

15.01

Hotel Occupancy Rate (%)

85.6

86.5

86.4

86.3

85.5

Cellular Phone Subscriber (Million)

1.43

1.50

1.52

1.97

1.98

 

Registration of New Companies (No.)

29,798

32,317

31,892

37,288

41,589

Registration of New Companies (%)

12.8

8.5

(1.3)

9.8

11.5

Liquidation of Companies (No.)

15,126

19,005

17,218

17,369

18,767

Liquidation of Companies (%)

(32.5)

25.6

9.4

(5.3)

8.0

 

Registration of New Businesses (No.)

23,978

23,494

24,788

22,893

35,773

Registration of New Businesses (%)

(10.78)

2.02

5.51

1.70

56.30

Liquidation of Businesses (No.)

24,211

23,005

22,489

22,598

22,098

Liquidation of Businesses (%)

2.8

(5)

(2.2)

0.5

(2.2)

 

Bankruptcy Orders (No.)

1,537

1,527

1,748

1,992

1,757

Bankruptcy Orders (%)

(25.3)

(0.7)

14.5

14.0

(11.8)

Bankruptcy Discharges (No.)

2,252

1,391

1,881

2,584

3,546

Bankruptcy Discharges (%)

(26.3)

(38.2)

35.2

37.4

37.2

 

INDUSTRIES ( % of Growth ) :

Agriculture

Production of Principal Crops

(0.48)

4.25

3.64

-

Fish Supply & Wholesale

(10.5)

12.10

(0.5)

-

2.80

 

Manufacturing *

92.8

100.0

100.3

102.0

Food, Beverages & Tobacco

96.4

100.0

103.5

103.5

105.0

Textiles

122.1

100.0

104.0

87.1

74.9

Wearing Apparel

123.3

100.0

92.1

77.8

49.5

Leather Products & Footwear

81.8

100.0

98.6

109.8

95.9

Wood & Wood Products

104.0

100.0

95.5

107.4

112.0

Paper & Paper Products

106.1

100.0

97.4

103.2

103.4

Printing & Media

103.5

100.0

93.0

86.1

80.3

Crude Oil Refineries

95.6

100.0

99.4

93.5

85.6

Chemical & Chemical Products

97.6

100.0

100.5

104.1

114.0

Pharmaceutical Products

75.3

100.0

109.7

107.2

115.7

Rubber & Plastic Products

112.3

100.0

96.5

92.9

92.8

Non-metallic Mineral

92.5

100.0

98.2

97.6

82.2

Basic Metals

102.2

100.0

90.6

76.5

98.3

Fabricated Metal Products

103.6

100.0

104.3

105.1

105.1

Machinery & Equipment

78.5

100.0

112.9

114.5

124.0

Electrical Machinery

124.1

100.0

99.3

108.5

121.3

Electronic Components

113.6

100.0

90.6

94.3

95.0

Transport Equipment

94.0

100.0

106.3

107.5

103.2

 

Construction

14.20

20.50

28.70

-

22.00

Real Estate

21.3

25.4

31.9

-

145.1

 

Services

Electricity, Gas & Water

4.00

7.00

6.30

-

Transport, Storage & Communication

12.80

7.40

5.30

-

14.20

Finance & Insurance

(0.4)

8.90

0.50

-

6.00

Government Services

9.70

6.90

6.00

-

Education Services

(0.9)

(1.4)

0.30

-

5.98

 

* Based on Index of Industrial Production (2011 = 100)



INDUSTRY ANALYSIS

 

INDUSTRY :

TRADING

The wholesale and retail trade sectors have expanded by 2.0% in the third quarter of 2014, extending the 1.8 per cent growth in the previous quarter. In 2013, the wholesale and retail sector expanded by 5.0%, after declining by 1.4% the year before. Growth of the sector was driven by the wholesale trade segment.

The domestic wholesale trade index has increased by 3.2% in the fourth quarter of 2013, moderating from the 6.6% growth in the previous quarter. The slower growth was due to a decline in the sales of furniture and household equipment (-12%) and petroleum and petroleum products (-0.6%). For the full year, the domestic wholesale trade index grew by 5.2% reversing the 2.2% decline in 2012. On the other hand, the foreign wholesale trade index has increased by a slower pace of 5.6% in the fourth quarter, compared to the 7.7% expansion in the preceding quarter. The slowdown was due to a fall in the sales of telecommunication equipment and computer (-3.8%) and petroleum and petroleum products (-2.5%). For the full year, the growth of the foreign wholesale trade index moderated slightly to 8.6% from 9.1% in the previous year.

In the fourth quarter of 2013, retail sales volume fell by 6.2%, extending the 5.6% decline in the previous quarter. Excluding motor vehicles, retail sales volume increased by 0.4%, a slower pace of expansion as compared to the 1.6% gain in the preceding quarter. The sales volume of motor vehicles fell by 33% in the fourth quarter of 2013, extending the 32% decline in the previous quarter. Meanwhile, the sales of several discretionary items also fell in the fourth quarter of 2013. For instance, the sales of telecommunications apparatus and computers fell by 12%, while the sales of furniture and household equipment declined by 5.4%.

For the full year, retail sales volume contracted by 4.3%, a reversal from the 1.3% expansion in 2012. Excluding motor vehicle sales, the retail sales volume grew by 1.1% in 2013, slower than the 1.7% increase in 2012. Watches and jewellery recorded the largest increase (11%) in sales in 2013, followed by optical goods and book (3%) and medical goods and toiletries (3%). By contrast, the sales of telecommunications apparatus and computer (-7.3%), furniture and household equipment (-4.2%) and petrol service stations (-1.4) declined in 2013.

OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH



CREDIT RISK EVALUATION & RECOMMENDATION

 

 


Incorporated in 1987, the Subject is an Exempt Private company, focusing on trading of fashion apparels. The Subject has been in business for over two decades. It has built up a strong clientele base and satisfactory reputation will enable the Subject to further enhance its business in the near term. The Subject is expected to enjoy a stable market shares. With an issued and paid up capital of SGD 630,700 contributed by individual shareholders, the Subject may face difficulties in its attempt to further expand its business in the future. Thus, the Subject should put more efforts on its business to gain higher market share while competing aggressively in the market.

Being a small company, the Subject's business operation is supported by 10 employees. Overall, we regard that the Subject's management capability is average. This indicates that the Subject has greater potential to improve its business performance and raising income for the Subject.

As the Subject is registered as an Exempt Private company, it is not required to file financial statements for public review. As such, we are unable to ascertain its present financial health.

he Subject's supplier are from both the local and overseas countries. This will eliminates the risk of dependency on deliveries from a number of key suppliers and insufficient quantities of its raw materials. Overall the Subject has a good control over its resources.

The industry shows an upward trend and this trend is very likely to sustain in the near terms.

In view of the above, we only recommend credit be proceeded to the Subject with guarantee.

 



PROFIT AND LOSS ACCOUNT

 

 

THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS.

 

Financial Year End

2011-06-30

2010-06-30

2009-06-30

Months

12

12

12

Consolidated Account

Company

Company

Company

Audited Account

YES

YES

YES

Unqualified Auditor's Report (Clean Opinion)

YES

YES

YES

Financial Type

SUMMARY

FULL

FULL

Currency

SGD

SGD

SGD

TURNOVER

19,790,468

23,529,978

15,164,687

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

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

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

Total Turnover

19,790,468

23,529,978

15,164,687

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

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

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

PROFIT/(LOSS) FROM OPERATIONS

474,860

644,042

153,900

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

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

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

PROFIT/(LOSS) BEFORE TAXATION

474,860

644,042

153,900

Taxation

(93,245)

(75,894)

(8,433)

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

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

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

PROFIT/(LOSS) AFTER TAXATION

381,615

568,148

145,467

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

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

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

RETAINED PROFIT/(LOSS) BROUGHT FORWARD

As previously reported

1,503,079

934,931

789,464

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

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

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

As restated

1,503,079

934,931

789,464

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

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

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

PROFIT AVAILABLE FOR APPROPRIATIONS

1,884,694

1,503,079

934,931

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

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

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

RETAINED PROFIT/(LOSS) CARRIED FORWARD

1,884,694

1,503,079

934,931

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

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

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

INTEREST EXPENSE (as per notes to P&L)

Bank overdraft

-

3,890

4,752

Hire purchase

-

15,700

8,341

Trust receipts

-

64,290

110,145

Others

-

9,575

22,007

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

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

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

-

93,455

145,245

-

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

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

DEPRECIATION (as per notes to P&L)

-

48,181

32,308

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

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

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

-

48,181

32,308

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

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

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

 

 

 

BALANCE SHEET

 

 

 

ASSETS EMPLOYED:

FIXED ASSETS

969,845

210,414

11,190

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

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

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

TOTAL LONG TERM ASSETS

969,845

210,414

11,190

Stocks

-

1,143,960

1,251,073

Trade debtors

-

4,731,116

5,727,391

Other debtors, deposits & prepayments

-

307,908

73,173

Short term deposits

-

1,674,896

1,734,799

Cash & bank balances

-

478,607

242,964

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

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

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

TOTAL CURRENT ASSETS

3,361,665

8,336,487

9,029,400

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

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

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

TOTAL ASSET

4,331,510

8,546,901

9,040,590

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

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

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

CURRENT LIABILITIES

Trade creditors

-

3,323,587

3,670,605

Other creditors & accruals

-

110,009

302,138

Hire purchase & lease creditors

-

29,839

27,819

Amounts owing to related companies

-

1,255,184

2,137,805

Amounts owing to director

-

1,811,298

1,622,400

Provision for taxation

-

106,008

47,137

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

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

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

TOTAL CURRENT LIABILITIES

2,695,493

6,635,925

7,807,904

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

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

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

NET CURRENT ASSETS/(LIABILITIES)

666,172

1,700,562

1,221,496

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

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

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

TOTAL NET ASSETS

1,636,017

1,910,976

1,232,686

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

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

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

SHARE CAPITAL

Ordinary share capital

250,000

250,000

250,000

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

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

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

TOTAL SHARE CAPITAL

250,000

250,000

250,000

Retained profit/(loss) carried forward

1,884,694

1,503,079

934,931

Others

(498,677)

-

-

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

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

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

TOTAL RESERVES

1,386,017

1,503,079

934,931

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

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

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

SHAREHOLDERS' FUNDS/EQUITY

1,636,017

1,753,079

1,184,931

Hire purchase creditors

-

155,547

45,853

Deferred taxation

-

2,350

1,902

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

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

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

TOTAL LONG TERM LIABILITIES

-

157,897

47,755

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

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

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

1,636,017

1,910,976

1,232,686

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

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

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

 

 

 

FINANCIAL RATIO

 

 

 

TYPES OF FUNDS

Cash

-

2,153,503

1,977,763

Net Liquid Funds

-

2,153,503

1,977,763

Net Liquid Assets

666,172

556,602

(29,577)

Net Current Assets/(Liabilities)

666,172

1,700,562

1,221,496

Net Tangible Assets

1,636,017

1,910,976

1,232,686

Net Monetary Assets

666,172

398,705

(77,332)

PROFIT & LOSS ITEMS

Earnings Before Interest & Tax (EBIT)

-

737,497

299,145

Earnings Before Interest, Taxes, Depreciation And Amortization (EBITDA)

-

785,678

331,453

BALANCE SHEET ITEMS

Total Borrowings

-

185,386

73,672

Total Liabilities

2,695,493

6,793,822

7,855,659

Total Assets

4,331,510

8,546,901

9,040,590

Net Assets

1,636,017

1,910,976

1,232,686

Net Assets Backing

1,636,017

1,753,079

1,184,931

Shareholders' Funds

1,636,017

1,753,079

1,184,931

Total Share Capital

250,000

250,000

250,000

Total Reserves

1,386,017

1,503,079

934,931

LIQUIDITY (Times)

Cash Ratio

-

0.32

0.25

Liquid Ratio

-

1.08

1.00

Current Ratio

1.25

1.26

1.16

WORKING CAPITAL CONTROL (Days)

Stock Ratio

-

18

30

Debtors Ratio

-

73

138

Creditors Ratio

-

52

88

SOLVENCY RATIOS (Times)

Gearing Ratio

-

0.11

0.06

Liabilities Ratio

1.65

3.88

6.63

Times Interest Earned Ratio

-

7.89

2.06

Assets Backing Ratio

6.54

7.64

4.93

PERFORMANCE RATIO (%)

Operating Profit Margin

2.40

2.74

1.01

Net Profit Margin

1.93

2.41

0.96

Return On Net Assets

29.03

38.59

24.27

Return On Capital Employed

29.03

38.00

23.73

Return On Shareholders' Funds/Equity

23.33

32.41

12.28

Dividend Pay Out Ratio (Times)

-

0

0

NOTES TO ACCOUNTS

Contingent Liabilities

-

0

0



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 :

KAR

 

 

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

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NB

                                       New Business

 

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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.