In this paper we present a formalization in the Mizar system [3],[1] of the partial correctness of the algorithm: i := val.1 j := val.2 n := val.3 s := val.4 while (i n) i := i + j s := s * i return s computing the factorial of given natural number n, where variables i, n, s are located as values of a V-valued Function, loc, as: loc/.1 = i, loc/.3 = n and loc/.4 = s, and the constant 1 is located in the location loc/.2 = j (set V represents simple names of considered nominative data [16]).This work continues a formal verification of algorithms written in terms of simple-named complex-valued nominative data [6],[8],[14],[10],[11],[12]. The validity of the algorithm is presented in terms of semantic Floyd-Hoare triples over such d...