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Report Date : |
04.05.2012 |
IDENTIFICATION DETAILS
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Name : |
OS ELECTRONICS CO LTD |
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Registered Office : |
Akihabara Sanwa Toyo Bldg 4F, 3-16-8 Sotokanda Chiyodaku |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
April, 1963 |
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Com. Reg. No.: |
0100-01-13156 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of electronics devices, semiconductors,
batteries |
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No. of Employees : |
208 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – September 30, 2011
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
OS ELECTRONICS CO
LTD
OS Electronics KK
Akihabara Sanwa Toyo Bldg 4F, 3-16-8 Sotokanda Chiyodaku
Tel: 03-3255-5985 Fax:
03-3257-0811
URL: http://www.oselec.jp
E-Mail address: (thru the URL)
Import, export, wholesale of electronics devices, semiconductors,
batteries
(subcontracted)
YOSHIKAZU OZEKI, PRES Masakazu
Nishiyama, v pres
Toshiaki Mizoguchi, mgn dir Takanobu
Shoji, mgn dir
Hitoshi Okada, dir Michihito
Asahi, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 29,460 M
PAYMENTS REGULAR CAPITAL Yen
99 M
TREND UP WORTH Yen 3,900 M
STARTED 1963 EMPLOYES 208
TRADING FIRM SPECIALIZING IN ELECTRONICS DEVICES, SEMICONDUCTORS, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS:
US$350,000 / O/A 45 DAYS.
The subject company was established originally for mfg radio, TV and
telecommunications devices. In Apr 1965 became the distributor for
Semiconductor Business Division of Tokyo Sanyo Electric Co Ltd. This is a trading firm specializing in
import, export and wholesale of electronics devices, semiconductors, batteries,
other (See OPERATION). Handles Sanyo
Electric Co and Sanyo Semiconductor Co products. Clients include major
electronics mfrs, other, nationwide.
The sales volume for Mar/2011 fiscal term amounted to Yen 29,460
million, a 19% up from Yen 24,703 million in the previous term. Market recovered substantially from the
global economic downturn the previous year.
Exports rose. Consumer spending
revived. The operations came back to
profitability to post Yen 453 million recurring profit and Yen 289 million net
profit, respectively, compared with Yen 128 million recurring loss and Yen 256
million net losses, respectively, a year ago.
For the term that ended Mar 2012 the recurring profit was projected at
Yen 455 million and the net profit at Yen 300 million, respectively, on a 2%
rise in turnover, to Yen 30,000 million.
Business is steadily expanding.
Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
The proposed amount for 45 days terms is considered well within the
firm’s financial capacities.
Date Registered: Apr 1963
Regd No.: 0100-01-13156 (Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 772,000 shares
Issued:
193,000 shares
Sum: Yen 99 million
Major shareholders
(%): Sanyo Electric Co* (49.1), Takeshi Shoji (24.9), Takanobu
Shoji (15.5), Kazunobu Iida (5.1), Yoshikazu
Ozeki (2.5)
No. of
shareholders: 9
*.. Mfr of consumer electronics, Osaka, founded 1950, in Apr 2011 became
subsidiary of Panasonic Corp, capital Yen 322,242 million, sales Yen 1,489,497
million, operating profit Yen 33,575 million, recurring profit Yen 20,628
million, net losses Yen 35,161 million, total assets Yen 1,117,093 million, net
worth Yen 77,926 million, employees 92,675, pres Seiichiro Sano (All details as
at Mar/2011 Fiscal Term)
Consolidated Financials are attached (See SUPPLEMENTS)
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports, exports
and wholesales semiconductors (39%), batteries (26%), electronic devices &
components (22%), others (13%)
Overseas trading
ratio (13%)
(Handling Items): capacitor SBU,
optical pick-up, acoustic SBU (speakers), nickel cadmium batteries, lithium for
batteries, chargers, amorphous Si solar cells, transistors, diodes, capacitors,
switching power supplies, various heat sinks, other
Clients: [Mfrs,
wholesalers] Seiko Epson, Minebea, Nikon, Fujitsu Ltd, Kyocera Corp, NIDEC
Corp, Toshiba Corp, Panasonic Corp, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sanyo Electric, Sanyo Semiconductors, FDK Corp, Sun Electronic
Ind, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References:
SMBC (Kanda-Ekimae)
MUFG (Kanda-Ekimae)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual Sales |
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30,000 |
29,460 |
24,703 |
29,765 |
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Recur. Profit |
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455 |
453 |
-128 |
216 |
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Net Profit |
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300 |
289 |
-256 |
51 |
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Total Assets |
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15,255 |
14,981 |
12,653 |
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Current Assets |
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13,454 |
12,995 |
10,887 |
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Current Liabs |
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10,407 |
10,118 |
8,046 |
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Net Worth |
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3,900 |
3,607 |
3,865 |
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Capital, Paid-Up |
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99 |
99 |
99 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
100.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.83 |
19.26 |
-17.01 |
-10.45 |
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Current Ratio |
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.. |
129.28 |
128.43 |
135.31 |
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N.Worth Ratio |
.. |
25.57 |
24.08 |
30.55 |
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R.Profit/Sales |
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1.52 |
1.54 |
-0.52 |
0.73 |
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N.Profit/Sales |
1.00 |
0.98 |
-1.04 |
0.17 |
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Return On Equity |
.. |
7.41 |
-7.10 |
1.32 |
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Notes: Forecast (or estimated) figures for the 31/03/2012 fiscal term.
CONSOLIDATED
FINANCIALS OF SANYO ELECTRIC CO LTD
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FINANCES: (Consolidated in million yen) |
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Terms Ending: |
31/03/2011 |
31/03/2010 |
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INCOME STATEMENT |
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Annual Sales |
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1,489,497 |
1,556,596 |
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Cost of Sales |
1,222,363 |
1,254,417 |
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GROSS PROFIT |
267,134 |
302,179 |
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Selling & Adm Costs |
233,559 |
261,822 |
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OPERATING PROFIT |
33,575 |
40,357 |
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Non-Operating P/L |
-12,947 |
-11,376 |
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RECURRING PROFIT |
20,628 |
-28,981 |
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NET PROFIT |
-35,161 |
-48,789 |
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BALANCE SHEET |
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Cash |
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73,881 |
123,635 |
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Receivables |
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240,002 |
290,702 |
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Inventory |
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175,029 |
233,981 |
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Securities, Marketable |
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Other Current Assets |
115,790 |
224,810 |
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TOTAL CURRENT ASSETS |
604,702 |
873,128 |
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Property & Equipment |
358,188 |
383,895 |
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Intangibles |
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Investments, Other Fixed Assets |
83,298 |
70,490 |
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TOTAL ASSETS |
1,117,093 |
1,391,273 |
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Payables |
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234,161 |
293,765 |
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Short-Term Bank Loans |
70,177 |
54,730 |
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Other Current Liabs |
350,054 |
370,749 |
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TOTAL CURRENT LIABS |
654,392 |
719,244 |
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Debentures |
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191,165 |
324,372 |
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Long-Term Bank Loans |
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Reserve for Retirement Allw |
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Other Debts |
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193,610 |
218,085 |
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TOTAL LIABILITIES |
1,039,167 |
1,261,701 |
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MINORITY INTERESTS |
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Common stock |
322,242 |
322,242 |
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Additional paid-in capital |
781,221 |
781,956 |
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Retained earnings |
(786,367) |
(751,202) |
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Evaluation p/l on
investments/securities |
(246,467) |
(238,162) |
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Others |
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13,837 |
21,264 |
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Treasury stock, at cost |
(6,540) |
(6,526) |
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TOTAL S/HOLDERS` EQUITY |
77,926 |
129,572 |
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TOTAL EQUITIES |
1,117,093 |
1,391,273 |
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CONSOLIDATED CASH FLOWS |
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Terms ending: |
31/03/2011 |
31/03/2010 |
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Cash Flows from Operating Activities |
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35,757 |
72,891 |
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Cash Flows from Investment
Activities |
-55,778 |
-80,810 |
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Cash Flows from Financing Activities |
-137,977 |
68,766 |
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Cash, Bank Deposits at the Term End |
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114,947 |
282,476 |
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ANALYTICAL RATIOS Terms ending: |
31/03/2011 |
31/03/2010 |
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Net Worth (S/Holders' Equity) |
77,926 |
129,572 |
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Current Ratio (%) |
92.41 |
121.40 |
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Net Worth Ratio (%) |
6.98 |
9.31 |
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Recurring Profit Ratio (%) |
1.38 |
-1.86 |
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Net Profit Ratio (%) |
-2.36 |
-3.13 |
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Return On Equity (%) |
-45.12 |
-37.65 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.23 |
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1 |
Rs.86.14 |
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Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
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.