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MIRA INFORM REPORT
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Report No. : |
509140 |
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Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
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Name : |
BPH S.A. |
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Registered Office : |
Calle Cerro Portezuelo No 9870 Comuna Quilicura Santiago |
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Country : |
Chile |
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Date of Incorporation : |
29.07.1987 |
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Com. Reg. No.: |
9,566 |
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Legal Form : |
Stock Company |
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Line of Business : |
The Subject is engaged in the import, trade and sale of
fabrics of pharmaceutical products. |
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No. of Employees : |
30 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Chile |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
CHILE - ECONOMIC OVERVIEW
Chile has a market-oriented economy characterized by a high level of foreign trade and a reputation for strong financial institutions and sound policy that have given it the strongest sovereign bond rating in South America. Exports of goods and services account for approximately one-third of GDP, with commodities making up some 60% of total exports. Copper is Chile’s top export and provides 20% of government revenue.
From 2003 through 2013, real growth averaged almost 5% per year, despite a slight contraction in 2009 that resulted from the global financial crisis. Growth slowed to an estimated 1.4% in 2017. A continued drop in copper prices prompted Chile to experience its third consecutive year of slow growth.
Chile deepened its longstanding commitment to trade liberalization with the signing of a free trade agreement with the US, effective 1 January 2004. Chile has 22 trade agreements covering 60 countries including agreements with the EU, Mercosur, China, India, South Korea, and Mexico. In May 2010, Chile signed the OECD Convention, becoming the first South American country to join the OECD. In October 2015, Chile signed the Trans-Pacific Partnership trade agreement.
The Chilean Government has generally followed a countercyclical fiscal policy, accumulating surpluses in sovereign wealth funds during periods of high copper prices and economic growth, and generally allowing deficit spending only during periods of low copper prices and growth. As of 31 October 2016, those sovereign wealth funds - kept mostly outside the country and separate from Central Bank reserves - amounted to more than $23.5 billion. Chile used these funds to finance fiscal stimulus packages during the 2009 economic downturn.
In 2014, President Michelle BACHELET introduced tax reforms aimed at delivering her campaign promise to fight inequality and to provide access to education and health care. The reforms are expected to generate additional tax revenues equal to 3% of Chile’s GDP, mostly by increasing corporate tax rates to OECD averages.
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Source
: CIA |
CONFIDENTIAL
REPORT
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COMPANY NAME |
BPH S.A. |
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TRADE NAME |
BPH |
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TAX ID. TYPE |
RUT |
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TAX ID. NUMBER |
96.519.830-K |
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CURRENT STATUS |
Active |
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MAIN ADDRESS |
Calle Cerro Portezuelo
No 9870 Comuna Quilicura |
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CITY/PROVINCE/STATE |
Santiago |
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PHONE NUMBER(S) |
(56-2) 2387.0700 |
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EMAIL |
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WEBSITE |
www.bestpharma.cl (under maintenance) |
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REMARKS OF IDENTIFICATION |
This report was requested as BHP SA, and
with address: Cerro Portezuelo 09870 Quilicura Santiago. Please notice that
the correct data is shown above. |
CREDIT
OPINION
|
Commercial Company with 30 years in the
market and deemed to be operating normally. It has a wide experience it its sector
and solid commercial operations. |
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PAYMENT RECORDS |
Regular |
LEGAL
INFORMATION
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TYPE OF COMPANY |
Stock Company |
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INCORPORATION DATE |
29/07/1987 |
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CITY OF REGISTRATION |
Santiago |
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REGISTRY NUMBER |
15,186 No 9,566 |
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NOTARY |
Enrique Morgan Torres – 2nd Notary of
Santiago |
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TERM |
Indefinite |
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INITIAL CAPITAL |
Ps$ 5,000,000.00 Chilean Pesos |
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CURRENT CAPITAL |
Ps$ 1,855,587,871 Chilean Pesos
(represented by 30,000 registered shares) |
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DATE OF INCREASE |
23/01/1998 (Notary Felix Jara Cadot) |
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SHARES VALUE |
Ps$61,853.00 Chilean Pesos each |
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LISTED AT STOCK EXCHANGE |
No |
BACKGROUND.-
Initially it was established as BESTPHARMA S.A. Then on 07/03/2017, it changed its
name before the Notary MARIA LORETO ZALDIVAR GRASS, alternate of the
Notary Patricio Zaldivar Mackenna of the 18th Notary of Santiago.
LEGAL ASPECTS.-
The company is not considered as a:
Pro-Sme Smaller Size Company.
The company is not authorized to declare
and pay their taxes in foreign currency.
The company is required from 01/08/2016 to
issue only in electronic format the tax documents:
Invoice does not affect or exempt
Bill
Invoice
Invoice liquidation
Credit note
Debit note
BOARD
OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
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NAME |
JOB TITLE |
STAKE |
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GASITUA, MARCOS |
Accountant |
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FERNANDEZ FIGUEROA, GASTON |
Director / Commercial Manager |
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CHICHON SALGADO, ANDRES |
Director |
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PINILLA ROA, ELIZABETH |
General Manager / Secretary |
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OPERATIONS
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SECTOR |
G- Wholesale and Retail; Repair of Motor
Vehicles and Motorcycles |
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ACTIVITY |
Sale of fabrics |
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ISIC CATEGORY |
46- Wholesale Trade, Except for Vehicles
and Motorcycles |
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ISIC CLASS |
4641- Wholesale of Textiles Products,
Clothing and Footwear |
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MAIN ACTIVITY |
The company is engaged in the import,
trade and sale of fabrics of pharmaceutical products. |
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% TERRITORY OF SALES |
100% (domestic market) |
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% DOMESTIC PURCHASES |
10% |
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% FOREIGN PURCHASES |
90% |
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N. OF EMPLOYEES |
30 |
LOCATION.-
ADMINISTRATIVE OFFICE, LEGAL DOMICILE and
STORAGE: Located at caption address in a residential zone of the city with easy
access. Premise with an area of 5000 sq.m.
COMMENTS AS TO OPERATIONS.-
The company operates directly.
Business Hour: Monday to Friday from 9:00
am to 6:00 pm
House Brands: ALS-SENSE, ALEGO, ALKALO, ALKETS, AMCIL, AMPLIPEN, ANTACID, APULEX,
ARTRON, BAROTEST, BUDESOL, CAFERDOL, COLVIRAN, CLOXAMBIOTIC, COCIPOM,
CONFIDENCE, CONVULEX, DACID, FEBENMAX, FISCURE, FINESCAR, FLATULEX, FORCIN, GONAL,
IBUGESIC, KEVAC, MASTAPH, MASTIVET, NILGRIP, NOADROL, NORGESTRAL, PARODI,
RESTINIL, RAXEDIN, RESTINIL, RUBILIN, SUDOFIT, SPASMOLIV, TEF-C, VETERPHARM,
VI-SENSE, WORMINT, XIBIOTZIKLOS, ZOOBIOTIC, among others.
The company offers different products such
as:
Potassium chloride
Flumanovaga
Anesthesians
Antiguagulants
Sterilized water
Enemas
Antibiotics
Anti-anemians
Anti-inflammatory
Antivirals
Among others.
Main Clients:
PHARMACEUTICAL COMPANIES
Main Competitors:
ALLERGAN
LABORATORIOS LIMITADA
ALPES CHEMIE
S.A.
CIA DE NUTRICION
GENERAL S.A.
COMERCIALIZADORA
ALEFFARMA LTDA
DIFEM
LABORATORIOS S.A.
DROGUERIA
FARMOQUIMICA DEL PACIFICO LTDA
EUROPHARMA CHILE
S.A.
INMED S.A.
ITF-LABOMED
FARMACEUTICA LIMITADA
LABORATORIOS
SANDERSON S.A.
NOVARTIS CHILE
S.A.
PHARMA BRAND
HOSTING S.A.
SOCOFAR S.A.
Among others
The company imports analgesics,
antibiotics, antimicrobials, hydrocortisone, etc.
FOREIGN
TRADE
|
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IMPORTS |
|
YEAR |
2018 (January-March) |
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AMOUNT |
US$1,271,706.00 |
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COUNTRIES |
China, Brazil, India, Argentina, Korea,
Austria, Germany, Bangladesh, Singapore, France, USA, UK, Italy |
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NUMBER OF OPERATIONS |
88 |
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IMPORTS |
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YEAR |
2017 |
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AMOUNT |
US$3,889,492.00 |
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COUNTRIES |
China, Brazil, India, Argentina, Korea, Austria,
Germany, Bangladesh, Singapore, France, USA, UK, Italy. |
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NUMBER OF OPERATIONS |
239 |
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IMPORTS |
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YEAR |
2016 |
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AMOUNT |
US$3,323,441.00 |
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COUNTRIES |
India, Argentina, Brazil, Germany, China,
Austria, Korea, Spain, Israel, UK, Taiwan, France, USA, Switzerland. |
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NUMBER OF OPERATIONS |
163 |
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IMPORTS |
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YEAR |
2015 |
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AMOUNT |
US$1,969,495.00 |
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COUNTRIES |
India, Argentina, China, Korea, Brazil, India,
Germany, Spain, Israel, Austria, France, USA, UK, Italy |
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NUMBER OF OPERATIONS |
122 |
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IMPORTS |
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YEAR |
2014 |
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AMOUNT |
US$1,831,132.00 |
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COUNTRIES |
India, Argentina, Korea, Brazil, Israel,
China, Spain, Austria, Germany, USA, UK, Italy, France |
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NUMBER OF OPERATIONS |
128 |
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IMPORTS |
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YEAR |
2013 |
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AMOUNT |
US$1,527,682.00 |
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COUNTRIES |
India, Argentina, Spain, Korea, Brazil,
Israel, Austria, China, UK |
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NUMBER OF OPERATIONS |
128 |
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EXPORTS |
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YEAR |
2017 |
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AMOUNT |
US$22,006.00 |
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COUNTRIES |
Argentina |
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NUMBER OF OPERATIONS |
1 |
FINANCIAL
INFORMATION
We had an interview with Mr. Marcos
Gasitua (Accountant) who provided commercial information of the company except for
financials on grounds of confidentiality.
No financials were found through external
sources.
FIXED ASSETS.-
The company owns:
Office furniture
Plant
Buildings
Machinery
Computer equipment
Transport vehicles
Tools, etc.
INSURANCE.-
No insurance policies were found.
PAYMENTS
REFERENCES
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FOREIGN SUPPLIERS |
Country |
Phone Number |
Contact Name |
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ACULIFE HEALTHCARE PVT. LTD. |
India |
(91-79)
2683.9100 |
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GN CHEMICALS CO. LTD. |
China |
(86-22) 6033.6275 |
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PANPHARMA S.A. |
France |
(33-2) 9997.9212 |
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SOFTGEL HEALTHCARE PVT
LTD |
India |
(91-44) 2345.2030/34 |
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SUZHOU LONGLIQI IMPORT & EXPORT CO.,
LTD. |
China |
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COMMENTS OF SUPPLIERS.-
No data was found about domestic
suppliers.
BANK
REFERENCES
No data was found.
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
INR 67.53 |
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|
1 |
INR 91.49 |
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Euro |
1 |
INR 80.53 |
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CLP |
1 |
INR 0.11 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRI |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.