|
Report Date : |
04.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOOD FIVE PHARMACEUTICAL JOINT STOCK COMPANY |
|
|
|
|
Registered Office : |
No. 118 Vu Xuan Thieu Street, Phuc Loi Ward, Long Bien District, Ha
Noi City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
25.03.2011 |
|
|
|
|
Com. Reg. No.: |
0105213566 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
The Subject specializes in trading pharmaceutical and medical
equipments |
|
|
|
|
No. of Employees : |
60 |
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 but Correct |
|
|
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Vietnam |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
vietnam - ECONOMIC OVERVIEW
Vietnam is a densely-populated developing country that in the last 30 years has had to recover from the ravages of war, the loss of financial support from the old Soviet Bloc, and the rigidities of a centrally-planned economy. While Vietnam's economy remains dominated by state-owned enterprises, which still produce about 40% of GDP, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive export-driven industries. Vietnam joined the World Trade Organization in January 2007 following more than a decade-long negotiation process. Vietnam became an official negotiating partner in the developing Trans-Pacific Partnership trade agreement in 2010. Agriculture's share of economic output has continued to shrink from about 25% in 2000 to about 22% in 2011, while industry's share increased from 36% to 40% in the same period. Deep poverty has declined significantly, and Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. The global recession has hurt Vietnam's export-oriented economy, with GDP in 2009-11 growing less than the 7% per annum average achieved during the last decade. In 2011, exports increased by more than 33%, year-on-year, and the trade deficit, while reduced from 2010, remained high, prompting the government to maintain administrative trade measures to limit the trade deficit. Vietnam's managed currency, the dong, continues to face downward pressure due to a persistent trade imbalance. Since 2008, the government devalued it in excess of 20% through a series of small devaluations. Foreign donors pledged nearly $8 billion in new development assistance for 2011. However, the government's strong growth-oriented economic policies have caused it to struggle to control one of the region's highest inflation rates, which reached as high as 23% in August 2011 and averaged 18% for the year. In February 2011, Vietnam shifted its focus away from economic growth to stabilizing its economy and tightened fiscal and monetary policies. In early 2012 Vietnam unveiled a broad "three pillar" economic reform program, proposing the restructuring of public investment, state-owned enterprises and the banking sector. Vietnam's economy continues to face challenges from low foreign exchange reserves, an undercapitalized banking sector, and high borrowing costs. The near-bankruptcy and subsequent default of the state-owned-enterprise Vinashin, a leading shipbuilder, led to a ratings downgrade of Vietnam's sovereign debt, exacerbating Vietnam's borrowing difficulties.
|
Source : CIA |
|
Current legal status |
||
|
English Name |
|
GOOD FIVE PHARMACEUTICAL JOINT STOCK COMPANY |
|
Vietnamese Name |
|
CONG TY CO PHAN DUOC PHAM NAM TOT |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
2011 |
|
Business Registration No. |
|
0105213566 |
|
Date of Registration |
|
25 Mar 2011 |
|
Place of Registration |
|
Ha Noi Department of Planning and Investment |
|
Chartered capital |
|
VND 26,000,000,000 |
|
Status |
|
Unlisted |
|
Tax code |
|
0105213566 |
|
Total Employees |
|
60 |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Chartered capital: VND 17,680,000,000 Changed to:
VND 26,000,000,000 |
29 Aug 2012 |
|
Head Office |
||
|
Address |
|
No. 118 Vu Xuan Thieu Street, Phuc Loi Ward, Long Bien District, Ha
Noi City, Vietnam |
|
|
||
|
Transaction
office in Ha Noi |
||
|
Address |
|
Room 1507, 29T1 Building Hoang Dao Thuy Street, Trung Hoa Ward, Cau
Giay District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 62695812 |
|
Fax |
|
(84-4) 62695826 |
|
Email |
|
|
|
Website |
|
|
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
No. 134/1 To Hien Thanh street Ward 15, 10 District, Ho Chi Minh City,
Vietnam |
|
Telephone |
|
(84-8) 3868 4668 |
|
Fax |
|
(84-8) 3868 4669 |
|
1. NAME |
|
Mr. NGUYEN VAN DUNG |
|
Position |
|
Chairman |
|
Date of Birth |
|
07 Oct 1963 |
|
ID Number/Passport |
|
87052951 |
|
ID Issue Date |
|
15 Jan 2010 |
|
Resident |
|
No 5, Lane 16, Nhan Hoa Street Nhan Chinh Ward,
Thanh Xuan District, Ha Noi City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
2. NAME |
|
Mr. LE MINH TRUONG |
|
Position |
|
General Director |
|
Date of Birth |
|
13 Oct 1968 |
|
ID Number/Passport |
|
012825143 |
|
ID Issue Date |
|
01 Sep 2005 |
|
ID Issue Place |
|
Ha Noi Police Dept |
|
Resident |
|
No. 8 Tang Bat Ho Street Pham Dinh Ho Ward, Hai
Ba Trung District, Ha Noi City, Vietnam |
|
Current resident |
|
No. 8, Tang Bat Ho Street Pham Dinh Ho Ward, Hai Ba Trung District, Ha
Noi City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
3. NAME |
|
Mr. LUU VAN HOANG |
|
Position |
|
Deputy General Director |
|
Nationality |
|
Vietnamese |
|
|
||
|
4. NAME |
|
Mr. NGUYEN DINH HOAN |
|
Position |
|
Director Business |
|
Nationality |
|
Vietnamese |
The company specializes in trading pharmaceutical and medical
equipments; trading materials for pharmaceutical production.
|
IMPORT: |
||
|
Types of products |
|
Pharmaceutical, medical equipments, materials for pharmaceutical
production |
|
Market |
|
Asia and European Countries |
|
Note: With the material trading field, the subject mainly imports
these materials from China. |
||
|
EXPORT: |
||
|
Note: Currently, the
subject does not export |
||
|
1. MILITARY COMMERCIAL JOINT STOCK BANK LONG BIEN BRANCH |
||
|
Address |
|
No.2 Ngo Gia Tu Street, Long Bien District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 652 3848 |
|
Fax |
|
(84-4) 652 3818 |
|
|
||
|
2. VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK HANG BAI
BRANCH |
||
|
Address |
|
No.74 Ba Trieu, Hang Bai Ward, Hoan Kiem District, Ha Noi City,
Vietnam |
|
Telephone |
|
(84-4) 3944 6368 |
|
Fax |
|
(84-4) 3944 6362 |
|
Following is the list of founding shareholders. |
||
|
1. NAME |
|
MILITARY COMMERCIAL JOINT STOCK BANK |
|
Business Registration |
|
0100283873 |
|
Date of Registration |
|
30 Sep 1994 |
|
Place of Registration |
|
Planning and Investment Department of Ha Noi City |
|
Registered Capital |
|
VND 10,625,000,000,000 |
|
Tax code |
|
0100283873 |
|
Address |
|
No.21, Cat Linh street, Dong Da District, Ha Noi City, Vietnam |
|
Tel |
|
(84-4) 62777222 |
|
Fax |
|
(84-4) 37621509 |
|
Email |
|
Info@militarybank.com.vn |
|
Website |
|
www.militarybank.com.vn |
|
Number of shares |
|
260,000 |
|
Value of shares |
|
VND 2,600,000,000 |
|
Percentage |
|
10% |
|
|
||
|
2. NAME |
|
VIET CAPITAL ASSET MANAGEMENT JOINT STOCK COMPANY |
|
Business Registration |
|
0304524894 |
|
Tax code |
|
0304524894 |
|
Address |
|
Room 2 Fl 19th, Centec Tower Building No. 72/74 Nguyen Thi Minh Khai,
Ward 6, 3 District, Ho Chi Minh City, Vietnam |
|
Tel |
|
(84-8) 38239909 |
|
Fax |
|
(84-8) 38246329 |
|
Number of shares |
|
52,000 |
|
Value of shares |
|
VND 520,000,000 |
|
Percentage |
|
2% |
|
|
||
|
3. NAME |
|
VIETTEL POST JOINT STOCK CORPORATION |
|
Business Registration |
|
0104093672 |
|
Date of Registration |
|
01 Jul 2009 |
|
Place of Registration |
|
Hanoi Department of Planning and Investment |
|
Registered Capital |
|
VND 60,000,000,000 |
|
Tax code |
|
0104093672 |
|
Address |
|
Lot A, Dong Me Resettlement area, Me Tri Commune, Tu Liem District, Ha
Noi City, Vietnam |
|
Tel |
|
+84 988 844 852 |
|
Number of shares |
|
260,000 |
|
Value of shares |
|
VND 2,600,000,000 |
|
Percentage |
|
10% |
|
|
||
|
4. NAME |
|
VIETNAM MEDICAL PRODUCTS IMPORT - EXPORT JOINT STOCK COMPANY |
|
Business Registration |
|
0100108367 |
|
Date of Registration |
|
08 Mar 2011 |
|
Place of Registration |
|
Hanoi city Planning and Investment Department |
|
Registered Capital |
|
VND 15,000,000,000 |
|
Tax code |
|
0100108367 |
|
Address |
|
No. 138 Giang Vo Str, Ba Dinh District, Ha Noi City, Vietnam |
|
Tel |
|
(84-4) 38443462/ 38444897 |
|
Fax |
|
(84-4) 38459247 |
|
Email |
|
vimehanoi@vnn.vn |
|
Website |
|
www.vimedimex.vn |
|
Number of shares |
|
182,000 |
|
Value of shares |
|
VND 1,820,000,000 |
|
Percentage |
|
7% |
|
|
||
|
5. NAME |
|
ARMEPHACO JOINT STOCK COMPANY |
|
Business Registration |
|
0100109191 |
|
Date of Registration |
|
23 Jun 2010 |
|
Place of Registration |
|
Hanoi Planning and Investment Department |
|
Registered Capital |
|
VND 130,000,000,000 |
|
Tax code |
|
0100109191 |
|
Address |
|
No. 118 Vu Xuan Thieu Str, Phuc Loi Ward, Long Bien District, Ha Noi
City, Vietnam |
|
Tel |
|
(84-4) 3875 9473 / 9466 / 9477 |
|
Fax |
|
(84-4) 3875 9476 |
|
Email |
|
armephaco@armephaco.com.vn |
|
Website |
|
www.armephaco.com.vn |
|
Number of shares |
|
910,000 |
|
Value of shares |
|
VND 9,100,000,000 |
|
Percentage |
|
35% |
|
BALANCE SHEET |
|
|
Unit: One VND |
|
|
Balance sheet date |
31/12/2011 |
|
Number of weeks |
- |
|
ASSETS |
|
|
A – CURRENT ASSETS |
18,026,151,332 |
|
I. Cash and cash equivalents |
3,876,256,859 |
|
1. Cash |
3,876,256,859 |
|
2. Cash equivalents |
0 |
|
II. Short-term investments |
0 |
|
1. Short-term investments |
0 |
|
2. Provisions for devaluation of short-term investments |
0 |
|
III. Accounts receivable |
5,375,315,250 |
|
1. Receivable from customers |
687,106,770 |
|
2. Prepayments to suppliers |
4,481,634,874 |
|
3. Inter-company receivable |
0 |
|
4. Receivable according to the progress of construction |
0 |
|
5. Other receivable |
206,573,606 |
|
6. Provisions for bad debts |
0 |
|
IV. Inventories |
7,784,050,586 |
|
1. Inventories |
7,784,050,586 |
|
2. Provisions for devaluation of inventories |
0 |
|
V. Other Current Assets |
990,528,637 |
|
1. Short-term prepaid expenses |
148,432,810 |
|
2. VAT to be deducted |
488,534,228 |
|
3. Taxes and other accounts receivable from the State |
0 |
|
4. Other current assets |
353,561,599 |
|
B. LONG-TERM ASSETS |
735,935,044 |
|
I. Long term accounts receivable |
13,000,000 |
|
1. Long term account receivable from customers |
0 |
|
2. Working capital in affiliates |
0 |
|
3. Long-term inter-company receivable |
0 |
|
4. Other long-term receivable |
13,000,000 |
|
5. Provisions for bad debts from customers |
0 |
|
II. Fixed assets |
574,837,276 |
|
1. Tangible assets |
22,636,366 |
|
- Historical costs |
27,163,636 |
|
- Accumulated depreciation |
-4,527,270 |
|
2. Financial leasehold assets |
0 |
|
- Historical costs |
0 |
|
- Accumulated depreciation |
0 |
|
3. Intangible assets |
0 |
|
- Initial costs |
0 |
|
- Accumulated amortization |
0 |
|
4. Construction-in-progress |
552,200,910 |
|
III. Investment property |
0 |
|
Historical costs |
0 |
|
Accumulated depreciation |
0 |
|
IV. Long-term investments |
0 |
|
1. Investments in affiliates |
0 |
|
2. Investments in business concerns and joint ventures |
0 |
|
3. Other long-term investments |
0 |
|
4. Provisions for devaluation of long-term investments |
0 |
|
V. Other long-term assets |
148,097,768 |
|
1. Long-term prepaid expenses |
148,097,768 |
|
2. Deferred income tax assets |
0 |
|
3. Other long-term assets |
0 |
|
VI. Goodwill |
0 |
|
1. Goodwill |
0 |
|
TOTAL ASSETS |
18,762,086,376 |
|
|
|
|
LIABILITIES |
|
|
A- LIABILITIES |
1,816,755,511 |
|
I. Current liabilities |
1,816,755,511 |
|
1. Short-term debts and loans |
0 |
|
2. Payable to suppliers |
1,725,484,110 |
|
3. Advances from customers |
0 |
|
4. Taxes and other obligations to the State Budget |
0 |
|
5. Payable to employees |
84,524,255 |
|
6. Accrued expenses |
0 |
|
7. Inter-company payable |
0 |
|
8. Payable according to the progress of construction contracts |
0 |
|
9. Other payable |
6,747,146 |
|
10. Provisions for short-term accounts payable |
0 |
|
11. Bonus and welfare funds |
0 |
|
II. Long-Term Liabilities |
0 |
|
1. Long-term accounts payable to suppliers |
0 |
|
2. Long-term inter-company payable |
0 |
|
3. Other long-term payable |
0 |
|
4. Long-term debts and loans |
0 |
|
5. Deferred income tax payable |
0 |
|
6. Provisions for unemployment allowances |
0 |
|
7. Provisions for long-term accounts payable |
0 |
|
8. Unearned Revenue |
0 |
|
9. Science and technology development fund |
0 |
|
B- OWNER’S EQUITY |
16,945,330,865 |
|
I. OWNER’S EQUITY |
16,945,330,865 |
|
1. Capital |
17,680,000,000 |
|
2. Share premiums |
0 |
|
3. Other sources of capital |
0 |
|
4. Treasury stocks |
0 |
|
5. Differences on asset revaluation |
0 |
|
6. Foreign exchange differences |
0 |
|
7. Business promotion fund |
0 |
|
8. Financial reserved fund |
0 |
|
9. Other funds |
0 |
|
10. Retained earnings |
-734,669,135 |
|
11. Construction investment fund |
0 |
|
12. Business arrangement supporting fund |
0 |
|
II. Other sources and funds |
0 |
|
1. Bonus and welfare funds (Elder form) |
0 |
|
2. Sources of expenditure |
0 |
|
3. Fund to form fixed assets |
0 |
|
MINORITY’S INTEREST |
0 |
|
TOTAL LIABILITIES AND OWNER’S EQUITY |
18,762,086,376 |
|
Description |
FY2011 |
|
1. Total Sales |
2,939,844,828 |
|
2. Deduction item |
0 |
|
3. Net revenue |
2,939,844,828 |
|
4. Costs of goods sold |
2,663,415,676 |
|
5. Gross profit |
276,429,152 |
|
6. Financial income |
397,098,539 |
|
7. Financial expenses |
0 |
|
- In which: Loan interest expenses |
0 |
|
8. Selling expenses |
386,184,905 |
|
9. Administrative overheads |
1,013,630,797 |
|
10. Net operating profit |
-726,288,011 |
|
11. Other income |
4,804,167 |
|
12. Other expenses |
13,185,292 |
|
13. Other profit /(loss) |
-8,381,125 |
|
14. Total accounting profit before tax |
-734,669,136 |
|
15. Current corporate income tax |
0 |
|
16. Deferred corporate income tax |
0 |
|
17. Interest from subsidiaries/related companies |
0 |
|
18. Profit after tax |
-734,669,136 |
|
Description |
FY2011 |
Average Industry |
|
Current liquidity ratio |
9.92 |
1.32 |
|
Quick liquidity ratio |
5.64 |
0.79 |
|
Inventory circle |
0.34 |
5.10 |
|
Average receive period |
667.38 |
106.45 |
|
Utilizing asset performance |
0.16 |
1.57 |
|
Liability by total assets |
9.68 |
71.38 |
|
Liability by owner's equity |
10.72 |
337.52 |
|
Ebit / Total assets (ROA) |
-3.92 |
6.72 |
|
Ebit / Owner's equity (ROE) |
-4.34 |
28.18 |
|
Ebit / Total revenue (NPM) |
-24.99 |
4.85 |
|
Gross profit / Total revenue (GPM) |
9.40 |
12.56 |
|
Note: The Average Industry was calculated by VietnamCredit based on
our own statistical data |
||
|
|
||
|
Trade Morality |
|
Normal |
|
Liquidity |
|
High |
|
Payment status |
|
Average |
|
Financial Situation |
|
Average |
|
Development trend |
|
Developing |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
TT, LC |
|
Sale Methods |
|
Retailer and Wholesaler |
|
Public opinion |
|
Good |
Founded in 2011 by five shareholders under the business registration NO.
0105213566 issued by Ha Noi Department of Planning and Investment, the subject
registered chartered capital of VND 26 billion in which Armephaco Joint Stock
Company contributes 35% of the capital, both Military Commercial Joint Stock
Bank and Viettel Post Joint Stock Corporation contribute 10%, Vimedimex VN.,
JSC contributes 7% and Viet Capital Asset Management Joint Stock Company
contributes 2%.
The company's registration address is located at No. 118 Vu Xuan Thieu
Street, Phuc Loi Ward, Long Bien District, Ha Noi City. This is also the
address of its warehouse. All business activities are happened at
representative office at Room 1507, 29T1 Building, Hoang Dao Thuy Street, Trung
Hoa Ward, Cau Giay District, Ha Noi City. Besides, it also has branch in
Ho Chi Minh City with total employees of 60 people. The premises of facilities
of the subject are assessed at good. It was granted Certificate of good storage
practices (GSP) by Hanoi Department of Health.
Currently, the company specializes in trading pharmaceutical, medical
equipments and materials for pharmaceutical production. The subject has
purchased and imported pharmaceutical materials to distribute for
pharmaceutical manufacturing factory such as: Ha Tay Pharmaceutical,
Mediplantex, Hai Duong Pharmaceutical, etc. In the field of trading
pharmaceutical products and medical equipments, the company distributes
products for both hospital and drugstore and other distributing companies.
The company’s financial situation is considered average. In the first
year of operation, the subject’s business result is still limited. In 9 month
of 2011 from Apr to Dec, the company attained total sales of VND 2.9 billion. In
that year, the subject loss amount of VND 734.6 million. The company’s
profitability is low.
In general, the subject is a small company. Being a newly established
company, it reputation is still limited. At current, It can meet small
financial commitments.
|
INDUSTRY DATA |
||||||
|
|
||||||
|
Industry code |
Growth speed by price compared with 1994 (%) |
Total enterprises 2010 |
Total employees 2011 (Thous.pers.) |
Annual average capital of enterprises 2010 (billion dongs) |
||
|
2011 |
2010 |
|||||
|
Agriculture, Forestry and Fishing |
4.00 |
2.78 |
8,887 |
24,362.9 |
95,227 |
|
|
Industry and Construction |
5.53 |
7.70 |
95,217 |
10,718.9 |
3,641,376 |
|
|
Trade and Services |
6.69 |
7.52 |
187,195 |
15,270.2 |
6,957,082 |
|
|
|
||||||
|
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.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.