|
Report Date : |
30.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
THANH BINH PACKAGING JOINT STOCK COMPANY |
|
|
|
|
Registered Office : |
Lot 121 Linh Trung IP and EPZ 3 - An Tinh Commune, Trang
Bang District, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
2008 |
|
|
|
|
Com. Reg. No.: |
3900443874 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Subject is specializing in manufacturing in packaging from plastic and printing on plastic packages. |
|
|
|
|
No. of Employees : |
40 |
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 : |
Slow |
|
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 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SUBJECT IDENTIFICATION &
LEGAL FORM
|
||
|
|
||
Current legal status
|
||
|
English Name |
|
THANH BINH PACKAGING JOINT STOCK COMPANY |
|
Vietnamese Name |
|
CONG TY CO PHAN BAO BI THANH BINH PAC |
|
Short name |
|
TBP |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
2008 |
|
Business Registration No. |
|
3900443874 |
|
Date of Registration |
|
10 May 2010 |
|
Place of Registration |
|
Planning and Investment Department of |
|
Chartered capital |
|
VND 35,000,000,000 |
|
Status |
|
Unlisted |
|
Tax code |
|
3900443874 |
|
Total Employees |
|
40 |
|
Size |
|
Small |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Registered English Name:
NEW VISION PACKAGING JOINT STOCK COMPANY Changed to: THANH BINH PACKAGING JOINT
STOCK COMPANY |
29
Apr 2011 |
|
2 |
Subject has got former Registered
Vietnamese Name: CONG TY CO PHAN BAO BI TAM NHIN MOI Changed to: CONG TY CO PHAN BAO BI THANH BINH
PAC |
29
Apr 2011 |
|
3 |
Subject has got former Abbreviated Name:
NVP Changed to: TBP |
29
Apr 2011 |
|
4 |
Subject has got former Board Of Director:
Mr. NGU HOANG QUOC DUNG (General Director) Changed to: Mr. CHAU NHAT HUY (General
Director) |
29
Apr 2011 |
|
5 |
Subject has got former Business
Registration No: 4503000102 (16 May 2008) Changed to: 3900443874 |
10
May 2010 |
|
|
||
ADDRESSES
|
||
|
|
||
|
Head Office |
||
|
Address |
|
Lot 121 Linh Trung IP and EPZ 3 - An Tinh Commune,
Trang Bang District, |
|
Telephone |
|
(84-66) 3899232/ +84 909811911 |
|
Fax |
|
(84-66) 3899021 |
|
|
||
|
Representative
office in Ho Chi Minh |
||
|
Address |
|
Apartment No. 005, Block E, 1st Fl, Thai An
Building Nguyen Van Qua street, Dong Hung Thuan ward, 12 District, Ho Chi
Minh City, Vietnam |
|
|
||
DIRECTORS
|
||
|
|
||
|
1.
NAME |
|
Mr.
CHAU NHAT HUY |
|
Position |
|
General Director |
|
Date of Birth |
|
18 Apr 1984 |
|
ID Number/Passport |
|
024906158 |
|
ID Issue Date |
|
21 Oct 2010 |
|
ID Issue Place |
|
Police Office of
Hochiminh City |
|
Resident |
|
No. 38 Street 7A,
Binh Thoi Collective, Ward 8, 11 District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
2. NAME |
|
Mr. NGU HOANG QUOC DUNG |
|
Position
|
|
Former
General Director |
|
Date
of Birth |
|
02
Jul 1970 |
|
ID
Number/Passport |
|
250197480 |
|
ID
Issue Date |
|
11 Oct 2004 |
|
ID
Issue Place |
|
Lam Dong Police |
|
Current
resident |
|
13
Sam Son, Ward 4, Tan Binh District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese
|
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
|
|
|
Subject
is specializing in manufacturing in packaging from plastic and printing on
plastic packages. |
|
|
IMPORT & EXPORT ACTIVITIES
|
||
|
|
||
|
IMPORT: |
||
|
·
Types of products |
|
Materials |
|
·
Market |
|
Thailand, Japan, Singapore, India, China, Korea |
|
|
||
|
EXPORT: |
||
|
Note: Currently, the subject does not export |
||
|
|
||
BANKERS
|
||
|
|
||
|
1.
VIET NAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE TRANG BANG
INDUSTRIAL PARK BRANCH |
||
|
Address |
|
Km33-1564A1 An Binh hamlet, Trang Bang District, Tay Ninh Province,
Vietnam |
|
Telephone |
|
(84-66) 3896386 |
|
|
||
|
2.
ASIA COMMERCIAL BANK CHO LON BRANCH |
||
|
Address |
|
747 Hong Bang, 6 District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3960 6980 |
|
Fax |
|
(84-8) 3969 0979 |
|
|
||
SHAREHOLDERS
|
||
|
|
||
|
1.
NAME |
|
THANH
BINH MANUFACTURING TRADING SERVICE LIMITED COMPANY |
|
Business Registration |
|
0301942170 |
|
Date of Registration |
|
01 Aug 2009 |
|
Place of Registration |
|
Planning and Investing Department of Hochiminh City |
|
Registered Capital |
|
VND 72,000,000,000 |
|
Tax code |
|
0301942170 |
|
Address |
|
153 Ta Uyen Street, Ward 4 , 11 District, Ho
Chi Minh City, Vietnam |
|
Tel |
|
(84-8) 3856 6289 - 3955 2703 - 3856 6289 |
|
Fax |
|
(84-8) 3955 1154 |
|
Email |
|
thabico@thabico.com |
|
Website |
|
www.thabico.com |
|
Number of shares |
|
2,275,000 |
|
Value of shares |
|
VND 22,750,000,000 |
|
Percentage |
|
65% |
|
|
||
|
2.
NAME |
|
Mr.
DO TIEN THANH |
|
Date of Birth |
|
27 Feb 1970 |
|
ID Number/Passport |
|
025223422 |
|
Issued Place |
|
Police Station of Hochiminh city |
|
Resident |
|
Quarter 1 - ward 1, Bao Loc District, Lam
Dong Province, Vietnam |
|
Current Resident |
|
No. 27/25 Hau Giang Street, Ward 4, Tan
Binh District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
525,000 |
|
Value of shares |
|
VND 5,250,000,000 |
|
Percentage |
|
15% |
|
|
||
|
3.
NAME |
|
Mr.
TRAN THANH TRUC |
|
ID Number/Passport |
|
022610895 |
|
Resident |
|
No. 70-D15 Street 1, Linh Chieu ward, Thu
Duc District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
700,000 |
|
Value of shares |
|
VND 7,000,000,000 |
|
Percentage |
|
20% |
|
|
||
FINANCIAL DATA
|
|||
|
|
|||
|
BALANCE
SHEET |
|||
Unit: One VND
|
|||
|
Balance sheet
date |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Number of weeks |
52 |
52 |
52 |
ASSETS
|
|||
|
A – CURRENT
ASSETS |
30,097,152,739 |
22,173,036,155 |
15,244,000,000 |
|
I. Cash and cash
equivalents |
1,435,722,889 |
27,807,983 |
302,000,000 |
|
1. Cash |
1,435,722,889 |
27,807,983 |
302,000,000 |
|
2. Cash equivalents |
0 |
0 |
0 |
|
II. Short-term
investments |
0 |
0 |
0 |
|
1. Short-term investments |
0 |
0 |
0 |
|
2. Provisions for devaluation of short-term investments |
0 |
0 |
0 |
|
III. Accounts
receivable |
13,204,682,510 |
7,882,195,828 |
7,843,000,000 |
|
1. Receivable from customers |
11,984,081,140 |
6,862,050,304 |
6,563,000,000 |
|
2. Prepayments to suppliers |
|
|
1,041,000,000 |
|
3. Inter-company receivable |
23,001,370 |
0 |
0 |
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
|
5. Other receivable |
1,197,600,000 |
1,020,145,524 |
239,000,000 |
|
6. Provisions for bad debts |
0 |
0 |
0 |
|
IV. Inventories |
14,915,310,379 |
12,348,468,733 |
5,761,000,000 |
|
1. Inventories |
14,915,310,379 |
12,348,468,733 |
5,761,000,000 |
|
2. Provisions for devaluation of inventories |
0 |
0 |
0 |
|
V. Other Current
Assets |
541,436,961 |
1,914,563,611 |
1,338,000,000 |
|
1. Short-term prepaid expenses |
207,637,674 |
337,270,489 |
149,000,000 |
|
2. VAT to be deducted |
333,799,287 |
979,896,930 |
738,000,000 |
|
3. Taxes and other accounts receivable from the State |
0 |
0 |
0 |
|
4. Other current assets |
|
597,396,192 |
451,000,000 |
|
B. LONG-TERM
ASSETS |
34,914,539,549 |
36,360,223,895 |
34,898,000,000 |
|
I. Long term
accounts receivable |
0 |
0 |
0 |
|
1. Long term account receivable from customers |
0 |
0 |
0 |
|
2. Working capital in affiliates |
0 |
0 |
0 |
|
3. Long-term inter-company receivable |
0 |
0 |
0 |
|
4. Other long-term receivable |
0 |
0 |
0 |
|
5. Provisions for bad debts from customers |
0 |
0 |
0 |
|
II. Fixed assets
|
27,409,551,302 |
29,809,089,358 |
28,736,000,000 |
|
1. Tangible assets |
27,409,551,302 |
29,809,089,358 |
28,736,000,000 |
|
- Historical costs |
32,045,010,988 |
32,045,010,988 |
28,736,000,000 |
|
- Accumulated depreciation |
-4,635,459,686 |
-2,235,921,630 |
0 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
0 |
0 |
0 |
|
- Accumulated depreciation |
0 |
0 |
0 |
|
3. Intangible assets |
0 |
0 |
0 |
|
- Initial costs |
0 |
0 |
0 |
|
- Accumulated amortization |
0 |
0 |
0 |
|
4. Construction-in-progress |
0 |
0 |
0 |
|
III. Investment
property |
0 |
0 |
0 |
|
Historical costs |
0 |
0 |
0 |
|
Accumulated depreciation |
0 |
0 |
0 |
|
IV. Long-term
investments |
0 |
0 |
0 |
|
1. Investments in affiliates |
0 |
0 |
0 |
|
2. Investments in business concerns and joint ventures |
0 |
0 |
0 |
|
3. Other long-term investments |
0 |
0 |
0 |
|
4. Provisions for devaluation of long-term investments |
0 |
0 |
0 |
|
V. Other
long-term assets |
7,504,988,247 |
6,551,134,537 |
6,162,000,000 |
|
1. Long-term prepaid expenses |
7,504,988,247 |
6,551,134,537 |
6,162,000,000 |
|
2. Deferred income tax assets |
0 |
0 |
0 |
|
3. Other long-term assets |
|
|
0 |
|
VI. Goodwill |
|
|
|
|
1. Goodwill |
|
|
|
|
TOTAL ASSETS |
65,011,692,288 |
58,533,260,050 |
50,142,000,000 |
|
|
|||
LIABILITIES
|
|||
|
A- LIABILITIES |
26,848,572,324 |
21,130,144,376 |
13,142,000,000 |
|
I. Current
liabilities |
22,265,239,324 |
18,646,814,376 |
13,142,000,000 |
|
1. Short-term debts and loans |
11,250,000,000 |
14,568,996,440 |
7,817,000,000 |
|
2. Payable to suppliers |
10,845,813,366 |
3,950,481,017 |
5,110,000,000 |
|
3. Advances from customers |
|
|
105,000,000 |
|
4. Taxes and other obligations to the State Budget |
21,392,458 |
4,611,919 |
0 |
|
5. Payable to employees |
|
|
0 |
|
6. Accrued expenses |
148,033,500 |
|
0 |
|
7. Inter-company payable |
|
|
0 |
|
8. Payable according to the progress of construction contracts |
|
|
0 |
|
9. Other payable |
|
122,725,000 |
110,000,000 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
II. Long-Term
Liabilities |
4,583,333,000 |
2,483,330,000 |
0 |
|
1. Long-term accounts payable to suppliers |
0 |
0 |
0 |
|
2. Long-term inter-company payable |
0 |
0 |
0 |
|
3. Other long-term payable |
0 |
0 |
0 |
|
4. Long-term debts and loans |
4,583,333,000 |
2,483,330,000 |
0 |
|
5. Deferred income tax payable |
0 |
0 |
0 |
|
6. Provisions for unemployment allowances |
0 |
0 |
0 |
|
7. Provisions for long-term accounts payable |
0 |
0 |
0 |
|
B- OWNER’S
EQUITY |
38,163,119,964 |
37,403,115,674 |
37,000,000,000 |
|
I. OWNER’S
EQUITY |
38,163,119,964 |
37,403,115,674 |
37,000,000,000 |
|
1. Capital |
35,000,000,000 |
35,000,000,000 |
35,000,000,000 |
|
2. Share premiums |
0 |
|
0 |
|
3. Other sources of capital |
0 |
|
0 |
|
4. Treasury stocks |
0 |
|
0 |
|
5. Differences on asset revaluation |
0 |
|
0 |
|
6. Foreign exchange differences |
0 |
|
0 |
|
7. Business promotion fund |
0 |
|
0 |
|
8. Financial reserved fund |
0 |
|
0 |
|
9. Other funds |
0 |
|
0 |
|
10. Retained earnings |
3,163,119,964 |
2,403,115,674 |
2,000,000,000 |
|
11. Construction investment fund |
0 |
0 |
0 |
|
II. Other
sources and funds |
0 |
0 |
0 |
|
1. Bonus and welfare funds |
0 |
0 |
0 |
|
2. Sources of expenditure |
0 |
0 |
0 |
|
3. Fund to form fixed assets |
0 |
0 |
0 |
|
MINORITY’S
INTEREST |
|
|
0 |
|
TOTAL
LIABILITIES AND OWNER’S EQUITY |
65,011,692,288 |
58,533,260,050 |
50,142,000,000 |
|
|
|||
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2011 |
FY2010 |
FY2009 |
|
1. Total Sales |
40,090,939,173 |
42,982,551,559 |
17,200,000,000 |
|
2. Deduction item |
|
48,658,727 |
40,000,000 |
|
3. Net revenue |
40,090,939,173 |
42,933,892,832 |
17,160,000,000 |
|
4. Costs of goods sold |
33,168,556,922 |
36,978,388,476 |
12,604,000,000 |
|
5. Gross profit |
6,922,382,251 |
5,955,504,356 |
4,556,000,000 |
|
6. Financial income |
10,353,089 |
23,785,425 |
131,000,000 |
|
7. Financial expenses |
3,519,317,763 |
2,009,190,666 |
473,000,000 |
|
- In which: Loan interest expenses |
3,297,218,732 |
1,993,606,514 |
424,000,000 |
|
8. Selling expenses |
116,610,569 |
19,324,000 |
4,000,000 |
|
9. Administrative overheads |
2,536,483,447 |
2,932,086,774 |
2,175,000,000 |
|
10. Net operating profit |
760,323,561 |
1,018,688,341 |
2,035,000,000 |
|
11. Other income |
4,177,273 |
|
0 |
|
12. Other expenses |
7,496,544 |
9,200,275 |
17,000,000 |
|
13. Other profit /(loss) |
-3,319,271 |
-9,200,275 |
-17,000,000 |
|
14. Total accounting profit before tax |
757,004,290 |
1,009,488,066 |
2,018,000,000 |
|
15. Current corporate income tax |
|
|
0 |
|
16. Deferred corporate income tax |
|
|
0 |
|
17. Interest from subsidiaries/related companies |
|
|
|
|
18. Profit after tax |
757,004,290 |
1,009,488,066 |
2,018,000,000 |
|
|
||||
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
|
||||
|
Description |
FY2011 |
FY2010 |
FY2009 |
Average Industry |
|
Current liquidity ratio |
1.35 |
1.19 |
1.16 |
1.65 |
|
Quick liquidity ratio |
0.68 |
0.53 |
0.72 |
0.95 |
|
Inventory circle |
2.43 |
2.99 |
2.19 |
5.36 |
|
Average receive period |
120.22 |
67.01 |
166.82 |
69.02 |
|
Utilizing asset performance |
0.62 |
0.73 |
0.34 |
1.15 |
|
Liability by total assets |
41.30 |
36.10 |
26.21 |
55.74 |
|
Liability by owner's equity |
70.35 |
56.49 |
35.52 |
197.00 |
|
Ebit / Total assets (ROA) |
6.24 |
5.13 |
4.87 |
11.75 |
|
Ebit / Owner's equity (ROE) |
10.62 |
8.03 |
6.60 |
26.54 |
|
Ebit / Total revenue (NPM) |
10.11 |
6.99 |
14.20 |
10.24 |
|
Gross profit / Total revenue (GPM) |
17.27 |
13.86 |
26.49 |
19.81 |
|
Note: The Average Industry was calculated by VietnamCredit based on our own
statistical data |
||||
|
|
||||
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
||
|
|
||
|
Trade Morality |
|
Good |
|
Liquidity |
|
Low/Medium |
|
Payment status |
|
Average |
|
Financial Situation |
|
Average |
|
Development trend |
|
Developing |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
L/C |
|
Sale Methods |
|
Retailer and Wholesaler |
|
Public opinion |
|
Good |
|
|
INTERPRETATION ON THE SCORES
|
|
|
|
The subject was found in 2008 under the name NEW VISION PACKAGING JOINT
STOCK COMPANY. Its original shareholders include 15 individuals. In 2011, the
subject was acquired by new shareholders including a business and 2
individuals. It was then restructured and changed to current name as THANH
BINH PACKAGING JOINT STOCK COMPANY. With around 40 employees, subject is specializing in manufacturing and
trading in plastic packaging. Most of the manufacturing process is automatic;
therefore, demand for work force is limited. Head office and workshop is
located at Lot 121, Linh Trung IP and EPZ 3, An Tinh Commune, Trang Bang
Ward, Tay Ninh Province. The factory covers total area of 10,000 m2, and
includes 9 assemblies. Besides, the subject has a representative office in Ho
Chi Minh city. It imports materials for production from various countries.
Products are currently consumed domestically. It intends to export package
products to Myanmar and Laos. According to financial statement in 3 recent years, total sales
decreased slightly in 2011 after a strong growth in 2010. Although total sales
increased 2.5 times in 2010, profit after tax halved and continued to
decrease in 2011. This was explained by the subject that the business
restructuring made suspension and decline in operation for a short period of
time in 2011. NPM and GPM in 2010 and 2011 were lower than those in 2009,
however, ROE, ROA increased because high financial cost made EBIT increased.
As a manufacturing company with high inventory, the subject had rather low
quick liquidity ratio. Self-financing capability of the subject is fairly
good; liability over assets and liability over equity ratios were safe and
significantly lower than the industry average. In short, the subject is operating normally. It is reliable for small
financial commitments. |
------------ APPENDIX ----------
INDUSTRY DATA
|
||||||
|
|
||||||
|
Industry code |
Growth speed by
price compared with 1994 (%) |
Total
enterprises 2009 |
Total employees
2010 (Thous.pers.) |
Annual average
capital of enterprises 2009 (billion dongs) |
||
|
2011 |
2010 |
|||||
|
Agriculture,
Forestry and Fishing |
4.00 |
2.78 |
8,749 |
23,896.3 |
81,559 |
|
|
Industry and
Construction |
5.53 |
7.70 |
85,115 |
10,630 |
2,751,975 |
|
|
Trade and
Services |
6.69 |
7.52 |
154,978 |
14,522 |
4,939,069 |
|
|
|
||||||
ECONOMIC INDICATORS
|
||||||
|
|
||||||
|
|
2011 |
2010 |
2009 |
|||
|
Population (Million person) |
87.84 |
86.93 |
86.02 |
|||
|
Gross Domestic Products (USD
billion) |
119 |
102.2 |
91 |
|||
|
GDP Growth (%) |
5.89 |
6.78 |
5.32 |
|||
|
GDP Per Capita (USD/person/year) |
1,300 |
1,160 |
1,080 |
|||
|
Inflation (% Change in
Composite CPI) |
18.58 |
11.75 |
6.88 |
|||
|
State Budget Deficit compared
with GDP (%) |
4.9 |
5.8 |
6.9 |
|||
|
|
||||||
SERVICE TRADE PERFORMANCE
|
||||||
|
|
||||||
|
Billion USD |
2011 |
2010 |
2009 |
|||
|
Exports |
96.3 |
72.2 |
57.1 |
|||
|
Imports |
105.8 |
84.8 |
69.9 |
|||
|
Trade Balance |
-9.5 |
-12.6 |
-12.8 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.31 |
|
|
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.