MIRA INFORM REPORT
|
Report Date : |
09.01.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
KSP CO., LTD. |
|
|
|
|
Formerly Known As : |
KOREA SPECIAL PRECISION CO. |
|
|
|
|
Registered Office : |
1658-6, Songjeong-dong, Gangseo-gu, Busan, Korea, Zip Code 618-270 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
28.06.2000 |
|
|
|
|
Com. Reg. No.: |
606-81-27539 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Internal Combustion Piston Engines |
|
|
|
|
No. of Employees
: |
104 |
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 : |
Exists |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Korea |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Basic
|
Company Name |
KSP CO., LTD. (Ex. Co. Name : KOREA SPECIAL PRECISION CO. “한국특수정밀”) (Korean Company Name :
“(주)케이에스피”) |
|
Registered Address |
1658-6, Songjeong-dong, Gangseo-gu, Busan,
Korea |
|
Zip Code |
618-270 |
|
Tel |
+82-51-831-6270~9 |
|
Fax |
+82-51-831-6273 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
1658-6, Songjeong-dong, Gangseo-gu, Busan,
Korea |
|
Tel |
+82-51-831-6270~9 |
|
Fax |
+82-51-831-6273 |
|
Other Address-Logistics Center |
1540-4, Songjeong-dong, Gangseo-gu, Busan,
Korea |
|
Type |
Export/Import |
|
Industry |
Manufacture of Internal Combustion Piston Engines |
|
Main Business |
Forging of Metal |
|
Sub
Business |
Marine Engine Valve Spindle, Forging Products, Hardfacing Products |
|
Established (mm/dd/yyyy) |
06/28/2000 |
The Subject owns
the premises of registered HQ address.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Engine valves(26101743) |
|
Sell |
Metal forging services(73121606) |
|
Sell |
Welding and brazing and soldering
services(73181900) |
|
Sell |
Valves(40141600) |
|
Sell |
Pipe flanges(40142400) |
|
Sell |
Engine valves(26101743) |
|
Sell |
Steel bars(30101604) |
|
Sell |
Plate(30102200) |
|
Sell |
Stainless steel plate(30102205) |
|
Sell |
Steel bars(30101604) |
CEO’s
|
Name |
Ryu Heung-Mok |
|
Date of Birth |
11/05/1954 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
4,722,018,500 |
||||||||||||||||||
|
Employees |
104 |
||||||||||||||||||
|
Formation |
Listed Company (KOSDAQ : 073010) as of 12/17/2004 A Company of HANKOOK MACHINE TOOLS CO., LTD. |
||||||||||||||||||
|
Bank Details |
Busan Bank Industrial Bank of Korea Woori Bank Kookmin Bank |
||||||||||||||||||
|
Corporate Registered No. |
180111-0328550 |
||||||||||||||||||
|
Business Registered No. |
606-81-27539 |
||||||||||||||||||
|
Permit & Licenses |
09/1998 ISO 9002 by BVQI 12/2001 ISO 9002 by DAS 01/2006 ISO 9001 Int’l Trade No.: 12076349 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
11/15/2010 Finished the Corporate Revival
Procedure decided by Busan District Court 04/15/2010 Started the dealing of the
subject’s Stocks at KOSDAQ Market again 03/25/2010 Stopped the dealing of the
subject’s Stocks at KOSDAQ Market 04/09/2009 Decreased capital to 2,708,018,500
KRW from 5,907,672,500 KRW 01/2009 Approved of the Corporate Revival
Plan by Busan District Court 12/31/2008 Designated as ‘Watchable Stock
List’ by KOSDAQ Market 07/09/2008 Approved of the Corporate
Revival Procedure by Busan District Court 06/02/2008 Applied the Corporate Revival
Procedure to Busan District Court due to the financial struggling from
misappropriation of public money by the ex management 02/2004 Applied for a patent of shock
absorption system for forging (No.10-2004-0012356) 03/2004 Became supplier of HITACHI Shipping
(Korea Atomic Corporation) 07/2004 Approved of preliminary
registration examination (Korea Securities Dealers Association, 2004.7.21) 07/2004 Appointed as Good Manufacture
Technology Research Lab. (No.2004-33 of Ministry of Commerce, Industry and
Energy) 07/2004 Authorization of Good Quality
(No.2004-28 of Ministry of Commerce, Industry and Energy) 09/2004 Qualified for Forging Factory (BV) 12/2004 Listed to KOSDAQ 12/2003 Developed noise and vibration
reduction system for Hot Forging Technology (Korea Institute of Industrial
Technology) 03/2003 Won valve manufacture approval by
MAN B&W, and Sulzer 04/2003 Approved as forging factory (RINA,
LR) 06/2003 Registered as cooperator of Toshiba 07/2003 Approved of preliminary
registration examination (Korea Securities Dealers Association, 2004.7.21) 09/2003 Approved as Clean Workplace by
Korean Ministry of Labor 09/2003 Awarded 2003 Venture Enterpriser by
the Mayor of Busan Metropolitan City 11/2003 Selected as Excellent Techno-Enterprise
(Korea Technology Credit Guarantee Fund) 11/2003 Million Dollar Export Tower Award
(by the Korean President) 12/2003 Industrial Innovation Awards (by
Korean Ministry of Commerce, Industry and nergy) 12/2003 Certified as Innovation Business by
Small and Medium Business Administration |
||||||||||||||||||
|
Company History |
05/2002 Increase the capital from 2.65
billion won to 3.65 billion won 06/2002 Certification of KSP Metal
Technology Laboratory 10/2002 Registration of utility model of an
electrode for electrical upsetting preliminary molding process (No. 02903091) 10/2002 Appointed Promising Small and
Medium Sized Companies (Busan-Ulsan Small and Medium Business Center) 11/2002 Certification of Part and Material
Specializing Company (Ministry of Commerce, Industry and Energy) 11/2002 Certification of Venture Company
(New Technology Development section 01/2001 Receives Appreciation Plaque from
Hyundai Heavy Industry for Excellent Provider 01/2001 Registration of supplier of HSD
Engine 02/2001 Registration of utility model of
marine engine valve 05/2001 Registration of trademark (The
Korean Intellectual Property Office Reg. No. 0493834) 07/2001 Development of high corrosion
resistance martensite stainless steel forging manufacturing technology
(Ministry of Commerce, Industry and Energy) 08/2001 Expansion move of main office (to
1658-6 Songjusn-Dong Gangseo-Gu Busan Korea) 09/2001 Appointed Promising Small and
Medium Sized Companies (Busan Bank) 12/2001 Certification of ISO9001:2000 (DAS) 12/2001 Pass Military Safety Certification
for service contractors (Korean Army No. 8206) 06/28/2000 Incorporated as KSP Co., Ltd 09/01/1993 Changed company name to KOREA SPECIAL
PRECISION CO. 12/1991 Established as Korea Special
Welding Industry Co. |
||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
President & CEO |
Mr. |
Ryu Heung-Mok |
Korean |
1954.11.05 |
Hanyang University, Korea |
|
Director |
Mr. |
Kim Duck-Yoon |
Korean |
1959.04.11 |
Gyungnam University, Korea |
|
Director |
Mr. |
Sohn Byung-Young |
Korean |
1963.07.22 |
Busan National University, Korea |
|
Outside Director |
Mr. |
Shim Kyu-Seok |
Korean |
1958.09.03 |
Busan Commercial High, Korea |
|
Auditor |
Mr. |
Koo Shin-Hoi |
Korean |
1964.11.10 |
- |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
41,942,408,857 |
82,468,428,055 |
4,620,011,161 |
|
|
2010 |
36,052,947,813 |
72,429,723,168 |
2,414,139,205 |
|
2009 |
50,171,474,306 |
73,686,129,180 |
18,088,804,573 |
|
2008 |
67,067,438,569 |
69,322,711,255 |
-36,213,648,178 |
|
2007 |
46,162,695,816 |
65,402,632,677 |
-549,262,368 |
|
2006 |
30,602,804,029 |
44,808,876,901 |
5,873,365,447 |
|
2005 |
20,594,835,400 |
32,241,556,847 |
4,275,938,295 |
|
2004 |
14,752,365,470 |
22,297,733,198 |
2,894,948,971 |
|
2003 |
10,288,954,663 |
15,835,948,648 |
1,816,293,800 |
(*)09/2011 ‘s figures are based on the K-IFRS Accounting System.
Financial Description
|
Authorized Capital(KRW) |
50,000,000,000 |
|
Paid-Up Capital(KRW) |
4,722,018,500 |
|
Total Issues Shares |
9,444,037 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
82,468,428,055 |
74,676,098,106 |
|
|
Current
Assets |
54,198,384,318 |
46,789,208,276 |
|
|
Cash & Cash Equivalents |
19,183,385,275 |
21,435,071,642 |
|
|
Short-Term Financial Instruments |
0 |
4,489,449,814 |
|
|
Trade Receivables |
12,694,260,264 |
6,840,221,318 |
|
|
Current Financial Instruments |
100,000 |
77,384,633 |
|
|
Advance Payments |
6,695,947,001 |
3,301,518,806 |
|
|
Inventories |
14,978,674,542 |
10,585,139,689 |
|
|
Other Current Assets |
646,017,236 |
191,515,499 |
|
|
Non-Current
Assets |
28,270,043,737 |
27,886,889,830 |
|
|
Non-Current Financial Instruments |
153,802,107 |
164,476,347 |
|
|
Tangibles |
25,916,848,028 |
25,366,063,075 |
|
|
Intangibles |
2,199,393,602 |
2,356,350,408 |
|
|
Total
Liabilities |
13,503,099,455 |
10,217,500,371 |
|
|
Current
Liabilities |
6,436,758,651 |
3,124,033,081 |
|
|
Trade Payables |
4,366,073,248 |
974,455,395 |
|
|
Account Payables |
1,165,545,222 |
803,872,002 |
|
|
Other Current Financial Debts |
132,526,687 |
153,826,367 |
|
|
Deferred Income Tax Credit |
655,686,002 |
897,055,924 |
|
|
Advance Receipts |
116,927,492 |
294,823,393 |
|
|
Non-Current
Liabilities |
7,066,340,804 |
7,093,467,290 |
|
|
Long-Term Account Payables |
2,928,974,044 |
379,646,896 |
|
|
Deferred Income Tax Credit |
694,447,926 |
438,649,241 |
|
|
Deferred Income Tax Credit |
183,609,286 |
135,655,722 |
|
|
Provisions for Court Action |
3,259,309,548 |
6,139,515,431 |
|
|
Capital
Stock |
4,722,018,500 |
4,722,018,500 |
|
|
Capital Surplus |
52,005,436,397 |
53,211,406,528 |
|
|
Profit Surplus |
12,237,873,703 |
6,525,172,707 |
|
|
Total Equity |
68,965,328,600 |
64,458,597,735 |
|
|
Liab. & Shareholder’s Equity |
82,468,428,055 |
74,676,098,106 |
|
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
72,429,723,168 |
73,686,129,180 |
69,322,711,255 |
|
Current Assets |
47,052,548,314 |
47,479,411,564 |
40,908,961,567 |
|
-Quick Assets |
36,467,408,625 |
26,963,208,407 |
19,817,746,890 |
|
-Inventories |
10,585,139,689 |
20,516,203,157 |
21,091,214,677 |
|
Fixed Assets |
25,377,174,854 |
26,206,717,616 |
28,413,749,688 |
|
-Investment |
35,724,240 |
83,389,179 |
28,050,000 |
|
-Tangibles |
22,856,348,099 |
23,496,313,357 |
25,231,197,116 |
|
-Intangibles |
2,112,776,148 |
2,210,172,043 |
2,721,361,535 |
|
-Others |
372,326,367 |
416,843,037 |
433,141,037 |
|
Total Liabilities |
10,224,994,265 |
48,898,859,482 |
62,624,246,130 |
|
Current Liabilities |
3,056,349,174 |
9,545,189,214 |
58,161,146,180 |
|
Fixed Liabilities |
7,168,645,091 |
39,353,670,268 |
4,463,099,950 |
|
Capital Stock |
4,722,018,500 |
2,708,018,500 |
5,907,672,500 |
|
Capital Surplus |
53,211,406,528 |
20,222,086,528 |
17,022,432,528 |
|
Profit Surplus |
-1,205,970,131 |
-3,620,109,336 |
-21,708,913,909 |
|
Capital Adjustment |
5,477,274,006 |
5,477,274,006 |
5,477,274,006 |
|
Total Equity |
62,204,728,903 |
24,787,269,698 |
6,698,465,125 |
|
Liab. & Shareholder’s Equity |
72,429,723,168 |
73,686,129,180 |
69,322,711,255 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
41,942,408,857 |
|
|
|
Cost of Sold Goods |
33,871,591,720 |
|
|
|
Gross Profit |
8,070,817,137 |
|
|
|
Other Operating Income |
1,487,074,526 |
|
|
|
Selling & Admin. Expenses |
2,425,261,318 |
|
|
|
Other Operating Expenses |
1,369,845,203 |
|
|
|
Operating Income |
5,762,785,142 |
|
|
|
Finance Income |
269,966,273 |
|
|
|
Finance Expenses |
212,496,128 |
|
|
|
Income Before Taxes |
5,820,255,287 |
|
|
|
Income Taxes Expenses |
1,200,244,126 |
|
|
|
Net Income |
4,620,011,161 |
|
|
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
36,052,947,813 |
50,171,474,306 |
67,067,438,569 |
|
Cost of Sold Goods |
29,125,263,512 |
38,998,591,272 |
60,907,857,217 |
|
Gross Profit |
6,927,684,301 |
11,172,883,034 |
6,159,581,352 |
|
Selling & Admin. Expenses |
2,981,063,714 |
2,797,000,342 |
4,736,073,168 |
|
Operating Income |
3,946,620,587 |
8,375,882,692 |
1,423,508,184 |
|
Non-Operating Income |
2,612,528,895 |
18,295,055,701 |
2,190,669,198 |
|
Non-Operating Expenses |
3,503,408,651 |
7,672,348,688 |
40,166,986,147 |
|
Income Before Taxes |
3,055,740,831 |
18,998,589,705 |
-36,552,808,765 |
|
Income Taxes Expenses |
641,601,626 |
909,785,132 |
-339,160,587 |
|
Net Income |
2,414,139,205 |
18,088,804,573 |
-36,213,648,178 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating Activities Cash Flows |
-4,303,064,915 |
|
|
|
Cash
Flows from Operating |
-3,730,631,153 |
|
|
|
Net
Income |
5,820,255,287 |
|
|
|
Adjustment |
1,729,188,404 |
|
|
|
Changes
in Asset/ & Liability |
-11,280,074,844 |
|
|
|
Interests
Received |
340,250,906 |
|
|
|
Interests
Paid |
-190,050 |
|
|
|
Income Taxes |
-912,494,618 |
|
|
|
Cash Flows from Investing |
2,721,842,860 |
|
|
|
Cash Flows from Financing |
-496,120,310 |
|
|
|
Increase/Decrease in Cash |
21,435,071,642 |
|
|
|
Cash at the Beginning of Year |
-174,344,002 |
|
|
|
Cash at the End of Year |
19,183,385,275 |
|
|
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
11,632,918,768 |
13,525,805,979 |
7,117,414,259 |
|
-Net Income |
2,414,139,205 |
18,088,804,573 |
-36,213,648,178 |
|
-Exp. without
Cash Outflow |
3,814,888,210 |
7,866,435,969 |
37,719,184,556 |
|
-Revenue
without Cash Inflows |
-1,252,047,852 |
-17,312,972,354 |
-424,765,824 |
|
-Changes in
Asset/ & Liability |
6,655,939,205 |
4,883,537,791 |
6,036,643,705 |
|
Cash Flows
from Investing |
5,466,129,109 |
-7,422,546,443 |
-29,014,557,896 |
|
-Cash Inflow
from Investing |
40,542,826,870 |
31,125,180,796 |
23,151,328,570 |
|
-Cash
Outflows for Investing |
-35,076,697,761 |
-38,547,727,239 |
-52,165,886,466 |
|
Cash Flows
from Financing |
-4,370,655,067 |
-215,157,352 |
23,010,137,723 |
|
-Cash Inflows
from Financing |
55,044,768,000 |
90,057,400 |
61,555,659,700 |
|
-Cash
Outflows from Financing |
-59,415,423,067 |
-305,214,752 |
-38,545,521,977 |
|
Increase/Decrease
in Cash |
12,728,392,810 |
5,888,102,184 |
1,112,994,086 |
|
Cash at the
Beginning of Year |
8,706,678,832 |
2,818,576,648 |
1,705,582,562 |
|
Cash at the End of Year |
21,435,071,642 |
8,706,678,832 |
2,818,576,648 |
Products, Technologies, Services Description
|
Main Products & Services |
Ship Engine Valve -Valve for middle-sized engine Forging -Flange -Ring Gear Hardfacing -Welding Repair -Axial Pump Sleeve -Cold Pilfering Roller -Seat Ring -Power Plant Turbine Sleeve -Valve Repair Welding -Gate Disc -Axial Pump Sleeve |
||||||||||||
|
Annual Production Capacity (Unit : EA) |
|
Trade Partners & Competitors
|
Suppliers |
SAMSUNG CARD CO., LTD.(110111-0346901) provides CNC Turning Center 2EA
to the subject company by leasing base.
HYUNDAI CAPITAL SERVICES, INC.(110111-0995378) provides the vehicles
leasing service to the subject company. POSCO SPECIALTY STEEL CO., LTD.(194211-0025248) BAOSHAN IRON & STEEL(CHINA) BOHLER(AUSTRIA) ALLVAC(USA) SANDVIC ACCERARABA DELORO STELLITE GMBH |
|
Customers |
HYUNDAI HEAVY INDUSTRIES CO., LTD.(181211-0000386) DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD.(194211-0000943) DOOSAN INFRACORE CO., LTD.(120111-0234469) DOOSAN ENGINE CO., LTD.(194211-0038423) HYUNDAI-ROTEM COMPANY(194211-0036336) KOREA NAVY |
|
Competitors |
S&W CORPORATION(180111-0095637) KOREA FLANGE CO., LTD.(181211-0000443) DAECHANG FORGING CO., LTD(180111-0039396) NZK(JAPAN) NITTAN VALVE(JAPAN) MWH(GERMANY) DAIDO(JAPAN) BOHLER(AUSTRIA) |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
HANKOOK MACHINE TOOLS CO., LTD.(194211-0000464) HANKOOK PRECISION IND.CO.,LTD.( 190111-0011855) IL HEUNG METAL CO., LTD.(194311-0001014) HANKOOK MACHINE TOOLS SERVICES CO., LTD.(194211-0063157) RYU JIN WON DEVELOPMENT CO., LTD.(110111-0997572) |
|
Cooperative Enterprise |
-Insured Company DONGBU INSURANCE CO., LTD.(110111-0095285) HYUNDAIMARINE&FIREINSURANCECO., LTD.(110111-0035893) SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) |
Sales by Region
(Activity & Markets)
|
Sales/ Unit :Mil KRW |
09/2011 |
2010 |
2009 |
|
Export |
22,939 |
19,732 |
33,289 |
|
Domestic |
19,003 |
16,320 |
16,882 |
|
Total |
41,942 |
36,052 |
50,171 |
The Subject deals
with the companies in Austria, China, Italy, Swiss, Japan and USA.
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
2009GAHAP269 |
|
The Subject Company |
KYOBO SECURITIES CO.,LTD.(110111-0018089) |
Related to the confirmation of the
Receivables by the Court |
5,053,698,630 |
The Subject has been defeated. |
|
2010NA2732 |
|
Choi Kyu-Ho |
The Subject Company |
Related to the confirmation of the
Receivables by the Court |
4,500,000,000 |
The Subject Company won. |
|
2010NA2725 |
|
Choi Kyu-Ho |
The Subject Company |
Related to the confirmation of the
Receivables by the Court |
3,500,000,000 |
The Subject Company won. |
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
|
UK Pound |
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.67.46 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.