MIRA INFORM REPORT
|
Report Date : |
15.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
S. K. D. INTERNATIONAL CO., LTD. |
|
|
|
|
Registered Office : |
Room 181, 18th Floor, Thai C.C. Tower, 889 South Sahorn Road, Yannawa, Sathorn, Bangkok 10120 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
14.09.1994 |
|
|
|
|
Com. Reg. No.: |
0105537108843 [Former :
2413/2537] |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer and Distributor of Industrial Chemicals
|
|
|
|
|
No. of Employees : |
8 |
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 : |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Thailand |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
THAILAND - ECONOMIC
OVERVIEW
With a well-developed infrastructure, a free-enterprise
economy, generally pro-investment policies, and strong export industries, Thailand
achieved steady growth due largely to industrial and agriculture exports -
mostly electronics, agricultural commodities, automobiles and parts, and
processed foods. Thailand is trying to maintain growth by encouraging domestic
consumption and public investment to offset weak exports in 2012. Unemployment,
at less than 1% of the labor force, stands as one of the lowest levels in the
world, which puts upward pressure on wages in some industries. Thailand also
attracts nearly 2.5 million migrant workers from neighboring countries. The
Thai government is implementing a nation-wide 300 baht ($10) per day minimum
wage policy and deploying new tax reforms designed to lower rates on
middle-income earners. The Thai economy has weathered internal and external
economic shocks in recent years. The global economic severely cut Thailand's
exports, with most sectors experiencing double-digit drops. In 2009, the
economy contracted 2.3%. However, in 2010, Thailand's economy expanded 7.8%,
its fastest pace since 1995, as exports rebounded. In late 2011 growth was
interrupted by historic flooding in the industrial areas in Bangkok and its
five surrounding provinces, crippling the manufacturing sector. Industry
recovered from the second quarter of 2012 onward with GDP growth at 5.5% in
2012. The government has approved flood mitigation projects worth $11.7
billion, which were started in 2012, to prevent similar economic damage, and an
additional $75 billion for infrastructure over the next seven years with a plan
to start in 2013.
|
Source
: CIA |
Company name
S. K. D.
INTERNATIONAL CO., LTD.
SUMMARY
BUSINESS ADDRESS : ROOM 181, 18th FLOOR,
THAI C.C. TOWER,
889 SOUTH
SAHORN ROAD, YANNAWA,
SATHORN, BANGKOK
10120 , THAILAND
TELEPHONE : [66] 2210-0181-2
FAX : [66] 2210-0182
E-MAIL ADDRESS : -
REGISTRATION ADDRESS : SAME AS BUSINESS
ADDRESS
ESTABLISHED : 1994
REGISTRATION NO. : 0105537108843 [Former : 2413/2537]
TAX ID NO. : 3011472774
CAPITAL REGISTERED : BHT.
1,000,000
CAPITAL PAID-UP : BHT.
1,000,000
SHAREHOLDER’S PROPORTION : THAI
: 100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
SOMCHAI KONGPRASERTPONG, THAI
MANAGING DIRECTOR
NO. OF STAFF : 8
LINES OF BUSINESS : INDUSTRIAL CHEMICALS
IMPORTER AND
DISTRIBUTOR
CORPORATE PROFILE
OPERATING TREND : STABLE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : FAIR
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT STANDARD : MANAGEMENT
WITH FAIR PERFORMANCE
HISTORY
The subject was
established on September
14, 1994 as
a private limited
company under the registered name S. K. D. INTERNATIONAL
CO., LTD., by
Thai group, the Kongprasertpong family, with the
business objective to
import and distribute
wide range of
industrial chemicals to domestic
market. It currently
employs 8 staff.
The subject’s registered
address is Room
181, 18th Floor,
Thai C.C. Tower, 889
South Sathorn Rd., Yannawa,
Sathorn, Bangkok 10120,
and this is
the same current
subject’s operating address.
THE BOARD OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Somchai Kongprasertpong |
[x] |
Thai |
55 |
|
Ms. Somjit Kongprasertpong |
|
Thai |
65 |
|
Ms. Somjai Kongprasertpong |
|
Thai |
69 |
AUTHORIZED PERSON
Only the mentioned
director [x] signs
or both of
the rest directors
can jointly sign
on behalf of
the subject with
company’s affixed.
MANAGEMENT
Mr. Somchai Kongprasertpong is
the Managing Director.
He is Thai
nationality with the
age of 55
years old.
BUSINESS OPERATIONS
The subject’s activities
are importer, distributor and
broker wide range
of industrial chemicals
for plastics, rubber
and other industries.
IMPORT [COUNTRIES]
100% of its
products is imported
from Malaysia, India,
Taiwan and Republic
of China.
SALES/SERVICES
100% of its
products is sold
and serviced locally
by wholesale to
manufacturers and wholesalers.
SUBSIDIARY AND AFFILIATED COMPANY
The subject is
not found to
have any subsidiary
or affiliated company
here in Thailand.
LITIGATION
Bankruptcy and Receivership
There are no
litigation on bankruptcy
and receivership cases
filed against the
subject found at
Legal Execution Department
for the past
five years.
Others
There are no
legal suits filed
against the subject
for the past
two years.
CREDIT
Sales are by
cash or on
the credits term
of 30-60 days.
Local bills are
paid by cash
or on the
credits term of
30-60 days.
Imports are by
L/C at sight
or T/T.
BANKING
Bangkok Bank Public
Co., Ltd.
[Head Office :
333 Silom Rd.,
Silom, Bangrak, Bangkok]
EMPLOYMENT
The subject employs
8 staff.
LOCATION DETAILS
The premise is
rented for operating
office in a
multi - storey building at
the heading address.
Premise is located
in a prime
commercial area.
COMMENT
The subject’s business
is moderate from local consumption.
Since it has
been in the
business in 1994,
the subject has
supplied various chemicals
products which mostly
are for industrial
markets. Industrial improvement
presumed a good business
results in the
past two yeas.
FINANCIAL INFORMATION
The capital was
registered at Bht.
1 million, divided
into 10,000 shares
of Bht. 100
each with fully
paid.
THE SHAREHOLDERS
LISTED WERE : [as at April
29, 2012]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Somchai Kongprasertpong Nationality: Thai Address : 9/1
Soi Thanarak, Yannawa,
Sathorn, Bangkok |
6,500 |
65.00 |
|
Ms. Somjai Kongprasertpong Nationality: Thai Address : 9/1
Soi Thanarak, Yannawa,
Sathorn, Bangkok |
1,000 |
10.00 |
|
Ms. Somjit Kongprasertpong Nationality: Thai Address : 67
Soi Samarmmit, Yannawa,
Sathorn, Bangkok |
1,000 |
10.00 |
|
Ms. Somporn Kongprasertpong Nationality: Thai Address : 9
Soi Thanarak, Yannawa,
Sathorn, Bangkok |
1,000 |
10.00 |
|
Ms. Kanya Liewhiran Nationality: Thai Address : 620/81
Sathupradit Rd.,
Bangpongpang, Sathorn, Bangkok |
498 |
4.98 |
|
Mr. Preecha Sainamthip Nationality: Thai Address : 357-359
Mahapruektharam Rd., Bangrak, Bangkok |
1 |
0.01 |
|
Mr. Rabil Pornpathkul Nationality: Thai Address : 102 Treethong Rd.,
Wad Rajbopit,
Phranakorn, Bangkok |
1 |
0.01 |
Total Shareholders : 7
SHARE STRUCTURE [as
at April 29,
2012]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
7 |
10,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
7 |
10,000 |
100.00 |
NAME OF AUDITOR & CERTIFIED
PUBLIC ACCOUNTANT NO.
Mr. Samarn Jawakonand No.
5001
BALANCE SHEET [BAHT]
The latest
financial figures published as
at December 31,
2011, 2010 &
2009 were:
ASSETS
|
Current Assets |
2011 |
2010 |
2009 |
|
|
|
|
|
|
Cash and Cash Equivalents |
86,291.05 |
7,903.18 |
240,315.59 |
|
Trade Accounts and
Other Receivable |
8,775,500.15 |
7,879,659.29 |
6,080,917.05 |
|
Inventories |
9,563,665.45 |
8,403,027.11 |
6,933,700.06 |
|
Other Current Assets
|
218,097.45 |
80,286.29 |
408,359.61 |
|
|
|
|
|
|
Total Current Assets
|
18,643,554.10 |
16,370,875.87 |
13,663,292.31 |
|
|
|
|
|
|
Fixed Assets |
219,190.79 |
469,235.63 |
752,628.89 |
|
Other Non - current Assets |
- |
- |
13,000.00 |
|
Total Assets |
18,862,744.89 |
16,840,111.50 |
14,428,921.20 |
LIABILITIES &
SHAREHOLDERS’ EQUITY [BAHT]
|
Current
Liabilities |
2011 |
2010 |
2009 |
|
|
|
|
|
|
Bank Overdraft & Short-term Loan From Financial Institutions |
3,504,773.27 |
1,113,481.35 |
- |
|
Trade Accounts and
Other Payable |
7,223,673.42 |
5,933,080.10 |
6,003,639.56 |
|
Current Portion of
Long-term Loans |
- |
- |
2,450,000.00 |
|
Accrued Expenses |
686,452.15 |
519,698.58 |
123,312.30 |
|
Accrued Income Tax |
308,289.60 |
418,090.08 |
183,149.85 |
|
Other Current Liabilities |
42,924.80 |
34.00 |
54,724.54 |
|
|
|
|
|
|
Total Current Liabilities |
11,766,113.24 |
7,984,384.11 |
8,814,826.25 |
|
|
|
|
|
|
Hire-purchase Payable and Long-term Loan |
1,988,427.46 |
4,858,150.99 |
2,896,813.96 |
|
Total Liabilities |
13,754,540.70 |
12,842,535.10 |
11,711,640.21 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 10,000 shares |
1,000,000.00 |
1,000,000.00 |
1,000,000.00 |
|
|
|
|
|
|
Capital Paid |
1,000,000.00 |
1,000,000.00 |
1,000,000.00 |
|
Retained Earnings: Appropriated for Statutory Reserve |
100,000.00 |
100,000.00 |
100,000.00 |
|
Unappropriated |
4,008,204.19 |
2,897,576.40 |
1,617,280.99 |
|
Total Shareholders' Equity |
5,108,204.19 |
3,997,576.40 |
2,717,280.99 |
|
Total Liabilities & Shareholders' Equity |
18,862,744.89 |
16,840,111.50 |
14,428,921.20 |
PROFIT & LOSS ACCOUNT
|
Revenue |
2011 |
2010 |
2009 |
|
|
|
|
|
|
Sales & Services Income |
34,845,096.40 |
32,315,898.09 |
30,339,311.29 |
|
Other Income |
233,254.31 |
831,644.54 |
314,533.91 |
|
Total Revenues |
35,078,350.71 |
33,147,542.63 |
30,653,845.20 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold & Service |
28,679,270.00 |
26,951,381.02 |
25,906,660.77 |
|
Selling Expenses |
1,233,167.54 |
1,056,504.68 |
997,483.46 |
|
Administrative Expenses |
3,235,039.68 |
2,965,517.20 |
2,623,797.32 |
|
Total Expenses |
33,147,477.22 |
30,973,402.90 |
29,527,941.55 |
|
|
|
|
|
|
Profit / [Loss] before Financial Cost & Income
Tax |
1,930,873.49 |
2,174,139.73 |
1,125,903.65 |
|
Financial Costs |
[578,669.67] |
[548,209.75] |
[491,987.41] |
|
Profit / [Loss] before Income
Tax |
1,352,203.82 |
1,625,929.98 |
633,916.24 |
|
Income Tax |
[241,576.03] |
[345,634.57] |
[103,132.75] |
|
|
|
|
|
|
Net Profit / [Loss] |
1,110,627.79 |
1,280,295.41 |
530,783.49 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2011 |
2010 |
2009 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.58 |
2.05 |
1.55 |
|
QUICK RATIO |
TIMES |
0.75 |
0.99 |
0.72 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
158.97 |
68.87 |
40.31 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.85 |
1.92 |
2.10 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
121.72 |
113.80 |
97.69 |
|
INVENTORY TURNOVER |
TIMES |
3.00 |
3.21 |
3.74 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
91.92 |
89.00 |
73.16 |
|
RECEIVABLES TURNOVER |
TIMES |
3.97 |
4.10 |
4.99 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
91.94 |
80.35 |
84.59 |
|
CASH CONVERSION CYCLE |
DAYS |
121.70 |
122.45 |
86.26 |
|
|
|
|
|
|
|
PROFITABILITY RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
82.31 |
83.40 |
85.39 |
|
SELLING & ADMINISTRATION |
% |
12.82 |
12.45 |
11.94 |
|
INTEREST |
% |
1.66 |
1.70 |
1.62 |
|
GROSS PROFIT MARGIN |
% |
18.36 |
19.17 |
15.65 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
5.54 |
6.73 |
3.71 |
|
NET PROFIT MARGIN |
% |
3.19 |
3.96 |
1.75 |
|
RETURN ON EQUITY |
% |
21.74 |
32.03 |
19.53 |
|
RETURN ON ASSET |
% |
5.89 |
7.60 |
3.68 |
|
EARNING PER SHARE |
BAHT |
111.06 |
128.03 |
53.08 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.73 |
0.76 |
0.81 |
|
DEBT TO EQUITY RATIO |
TIMES |
2.69 |
3.21 |
4.31 |
|
TIME INTEREST EARNED |
TIMES |
3.34 |
3.97 |
2.29 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
7.83 |
6.51 |
|
|
OPERATING PROFIT |
% |
(11.19) |
93.10 |
|
|
NET PROFIT |
% |
(13.25) |
141.21 |
|
|
FIXED ASSETS |
% |
(53.29) |
(37.65) |
|
|
TOTAL ASSETS |
% |
12.01 |
16.71 |
|
ANNUAL GROWTH : ACCEPTABLE
An annual sales growth is 7.83%. Turnover has increased from THB
32,315,898.09 in 2010 to THB 34,845,096.40 in 2011. While net profit has
decreased from THB 1,280,295.41 in 2010 to THB 1,110,627.79 in 2011. And total
assets has increased from THB 16,840,111.50 in 2010 to THB 18,862,744.89 in
2011.
PROFITABILITY : IMPRESSIVE
PROFITABILITY RATIO
|
Gross Profit Margin |
18.36 |
Acceptable |
Industrial Average |
31.27 |
|
Net Profit Margin |
3.19 |
Impressive |
Industrial Average |
2.40 |
|
Return on Assets |
5.89 |
Impressive |
Industrial Average |
4.28 |
|
Return on Equity |
21.74 |
Impressive |
Industrial Average |
8.66 |
Gross Profit Margin used to assess a firm's financial health by revealing
the proportion of money left over from revenues after accounting for the cost
of goods sold. Gross profit margin serves as the source for paying additional
expenses and future savings. The company's figure is 18.36%. When compared with
the industry average, the ratio of the company was lower. This indicated that
company may have problems with control over its costs.
Net Profit Margin is the indicator of the company's efficiency in that
net profit takes into consideration all expenses of the company. A low profit
margin indicates a low margin of safety, higher risk that a decline in sales
will erase profits and result in a net loss. The company's figure is 3.19%,
higher figure when compared with those of its average competitors in the same
industry, indicated that business was an efficient operator in a dominant position within its industry.
Return on Assets measures how efficiently profits are being generated
from the assets employed in the business when compared with the ratios of firms
in a similar business. A low ratio in comparison with industry averages
indicates an inefficient use of business assets. Return on Assets ratio is 5.89%, higher figure when compared
with those of its average competitors in the same industry, indicated that
business was an efficient profit in a dominant position within its industry.
Return on Equity indicates how profitable a company is by comparing its
net income to its average shareholders' equity, ROE measures how much the
shareholders earned for their investment in the company. Return on Equity ratio
is 21.74%, higher figure when compared with those of its average competitors in
the same industry, indicated that business was an efficient profit in a dominant position within its industry.
Trend of the average competitors in the same industry for last 5 years
Return on Assets Uptrend
Return on Equity Downtrend
LIQUIDITY : ACCEPTABLE
LIQUIDITY RATIO
|
Current Ratio |
1.58 |
Impressive |
Industrial Average |
1.29 |
|
Quick Ratio |
0.75 |
|
|
|
|
Cash Conversion Cycle |
121.70 |
|
|
|
The Current Ratio is to ascertain whether a company's short-term assets
are readily available to pay off its short-term liabilities. The company's
figure is 1.58 times in 2011, decreased from 2.05 times, then it is generally
considered to have good short-term financial strength. When compared with the
industry average, the ratio of the company was higher, indicated that company
was an efficient operator in a dominant position within its industry.
The Quick Ratio is a liquidity indicator that further refines the
current ratio by measuring the amount of the most liquid current assets there
are to cover current liabilities. The company's figure is 0.75 times in 2011,
decreased from 0.99 times, then the company has not enough current assets that
presumably can be quickly converted to cash for pay financial obligations.
The Cash Conversion Cycle measures the number of days a company's cash
is tied up in the production and sales process of its operations and the
benefit from payment terms from its creditors. It meant the company could
survive when no cash inflow was received from sale for 122 days.
Trend of the average competitors in the same industry for last 5 years
Current Ratio Downtrend
LEVERAGE : ACCEPTABLE
LEVERAGE RATIO
|
Debt Ratio |
0.73 |
Acceptable |
Industrial Average |
0.51 |
|
Debt to Equity Ratio |
2.69 |
Risky |
Industrial Average |
1.05 |
|
Times Interest Earned |
3.34 |
Impressive |
Industrial Average |
- |
Debt to Equity Ratio a measurement of how much suppliers, lenders,
creditors and obligors have committed to the company versus what the
shareholders have committed. A lower the percentage means that the company is
using less leverage and has a stronger equity position.
Times Interest Earned measuring a company's ability to meet its debt
obligations. Ratio is 3.34 higher than 1, so the company can pay interest
expenses on outstanding debt.
Debt Ratio shows the proportion of a company's assets which are financed
through debt. The company's figure is 0.73 greater than 0.5, most of the
company's assets are financed through debt.
Trend of the average competitors in the same industry for last 5 years
Debt Ratio Downtrend
Times Interest Earned Downtrend
ACTIVITY : IMPRESSIVE
ACTIVITY RATIO
|
Fixed Assets Turnover |
158.97 |
Impressive |
Industrial Average |
- |
|
Total Assets Turnover |
1.85 |
Impressive |
Industrial Average |
1.78 |
|
Inventory Conversion Period |
121.72 |
|
|
|
|
Inventory Turnover |
3.00 |
Deteriorated |
Industrial Average |
9.47 |
|
Receivables Conversion Period |
91.92 |
|
|
|
|
Receivables Turnover |
3.97 |
Impressive |
Industrial Average |
3.52 |
|
Payables Conversion Period |
91.94 |
|
|
|
The company's Account Receivable Ratio is calculated as 3.97 and 4.10 in
2011 and 2010 respectively. This ratio measures the efficiency of the company
in managing its trade debtors to generate revenue. A lower ratio may indicate
over extension and collection problems. Conversely, a higher ratio may indicate
an overtly stringent policy. In this case, the company's A/R ratio in 2011
decreased from 2010. This would suggest the company had deteriorated in the
management of its debt collections.
Inventory Turnover in Days Ratio indicates the liquidity of inventory.
It estimates the number of days that it will take to sell the current
inventory. Inventory is particularly sensitive to change in business
activities. The inventory turnover in days has increased from 114 days at the
end of 2010 to 122 days at the end of 2011. This represents a negative trend.
And Inventory turnover has decreased from 3.21 times in year 2010 to 3 times in
year 2011.
The company's Total Asset Turnover is calculated as 1.85 times and 1.92
times in 2011 and 2010 respectively. This ratio is determined by dividing total
assets into total sales turnover. The ratio measures the activity of the assets
and the ability of the firm to generate sales through the use of the assets.
Trend of the average competitors in the same industry for last 5 years
Fixed Assets Turnover Downtrend
Total Assets Turnover Downtrend
Inventory Turnover Uptrend
Receivables Turnover Downtrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
|
1 |
Rs.83.67 |
|
Euro |
1 |
Rs.71.02 |
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.