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Report No. : |
338517 |
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Report Date : |
03.09.2015 |
IDENTIFICATION DETAILS
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Name : |
DSI UNDERGROUND SYSTEMS BRASIL INDUSTRIA E COMERCIO LTDA |
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Registered Office : |
Rua 1,276 - Bela Fama, 34.000-000 - Nova Lima/Mg |
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Country : |
Brazil |
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Date of Incorporation : |
19.12.2002 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture and Trade of Adhesive and Sealant. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Brazil |
A2 |
A2 |
|
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 |
BRAZIL - ECONOMIC OVERVIEW
Characterized by large and well-developed agricultural,
mining, manufacturing, and service sectors, and a rapidly expanding middle
class, Brazil's economy outweighs that of all other South American countries,
and Brazil is expanding its presence in world markets. Since 2003, Brazil has
steadily improved its macroeconomic stability, building up foreign reserves,
and reducing its debt profile by shifting its debt burden toward real
denominated and domestically held instruments. Since 2008, Brazil became a net
external creditor and all three of the major ratings agencies awarded
investment grade status to its debt. After strong growth in 2007 and 2008, the
onset of the global financial crisis hit Brazil in 2008. Brazil experienced two
quarters of recession, as global demand for Brazil's commodity-based exports
dwindled and external credit dried up. However, Brazil was one of the first
emerging markets to begin a recovery. In 2010, consumer and investor confidence
revived and GDP growth reached 7.5%, the highest growth rate in the past 25
years. After reaching historic lows of 4.5% in early 2014, the unemployment
rate remains low, but is rising. Brazil's traditionally high level of income
inequality has declined for each of the last 15 years. GDP growth has slowed
since 2011, due to several factors, including: overdependence on exports of raw
commodities, low productivity, high operational costs, persistently high
inflation, and low levels of investment. Brazil’s fiscal and current account
balances have eroded during the past four years as the government attempted to
boost economic growth through targeted tax cuts for industry and incentives to
spur household consumption. After winning re-election in October 2014 by a
historically narrow margin, President Dilma ROUSSEFF appointed a new economic
team led by Finance Minister Joaquim LEVY, who introduced a fiscal austerity
package intended to restore the primary account surplus to 1.2% of GDP and
preserve the country’s investment-grade sovereign credit rating. Brazil seeks
to strengthen its workforce and its economy over the long run by imposing local
content and technology transfer requirements on foreign businesses, by
investing in education through social programs such as Bolsa Familia and the
Brazil Science Mobility Program, and by investing in research in the areas of
space, nanotechnology, healthcare, and energy.
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Source
: CIA |
DSI UNDERGROUND SYSTEMS BRASIL INDUSTRIA E COMERCIO LTDA
ADDRESSES:
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MAIN ADDRESS: |
RUA 1,276 - BELA FAMA |
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ZIP CODE/CITY: |
34.000-000 - NOVA LIMA/MG |
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PHONE: |
31 3542-0200 |
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FAX: |
31 3542-0200 |
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E-MAIL: |
marcio.pedrosa@dsilatinamerica.com |
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BRANCHES: |
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NOT AVAILABLE |
LEGAL
DATA:
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MAIN ACTIVITIES: |
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MANUFACTURE AND TRADE OF ADHESIVE AND SEALANT. |
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LEGAL FORM: |
LIMITED LIABILITY COMPANY |
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INCORPORATION DATE: |
19/12/2002 |
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REGISTER DATE: |
19/12/2002 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
05.471.264/0001-47 |
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STATE REGISTER: |
622.179.580.036 |
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SHARE CAPITAL: |
R$ 1.201.800,00 |
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BOARD OF DIRECTORS: |
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PAULO CESAR DUARTE JALLES |
MANAGER |
AUTHORIZED
USE OF SIGNATURE:
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THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS / PARTNERS: |
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DYWIDAG ENGENHARIA E PARTICIPACOES LTDA |
99,99% |
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DSI HOLDING GMBH |
00,01% |
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AFFILIATES / SUBSIDIARIES: |
|
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A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE
THE FOLLOWING UNCONFIRMED HOLDINGS: |
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DYWIDAG ENGENHARIA E PARTICIPACOES LTDA |
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PREPRON SISTEMA DE PROTENSAO LTDA |
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PREPRON INDUSTRIAL LTDA - EPP |
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DSI LATIN AMERICA PARTICIPACOES LTDA. |
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RALLY - INDUSTRIA, COMERCIO E USINAGEM DE METAIS LTDA |
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PROTENDIDOS DYWIDAG LIMITADA |
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COMPANY'S
BACKGROUND:
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THE SUBJECT WAS ESTABLISHED ON DECEMBER 19, 2002 FOSMINAS ANCORAGENS LTDA.
TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IS ALTERED TO
ABOVE-MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. MÁRCIO - CONTROLLING
DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION
UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED. IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF
THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER
INFORMATION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR
DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES
USUALLY INVESTIGATED. |
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PUBLIC INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL
INFORMATION:
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DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE
BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY
DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION. OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA
ABOUT THE SUBJECT. |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 3,73 |
- OFFICIAL RATE ON 02/09/2015 |
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COMMENTS ON THE FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT
THE SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
INSURANCE:
|
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NOT AVAILABLE |
BANKING
REFERENCES:
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BRANCH/PHONE: |
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BANCO ITAU S/A |
2979 (31) 3003-8880 |
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BANCO DO BRASIL |
3387-1 (31) 3286-1099 |
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REMARKS: IN BRAZIL THE BANKS ARE PROHIBITED BY LAW TO PROVIDE INFORMATION
OR ANY KIND OF COMMENTS ABOUT THEIR CLIENTS. DUE TO THIS LAW PROHIBITION WE
ARE UNABLE TO PROVIDE ANY BANKING DETAILS. ACCORDING TO THE CENTRAL BANK OF BRAZIL OFFICIAL REPORT, THE COMPANY
HAS NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). DATE RESEARCHED SEPTEMBER 02, 2015. |
ACTIVITIES
COMMENTS:
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MANUFACTURE AND TRADE OF ADHESIVE AND SEALANT. |
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IMPORT AND EXPORT: |
IMPORTS FROM:
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NOT AVAILABLE |
EXPORTS TO:
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NOT AVAILABLE |
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MAIN CLIENTS: |
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DOMESTIC CLIENTS: |
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PHONE: |
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COMPANHIA VALE DO RIO DOCE |
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79 3280-2357 |
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VOTORANTIN |
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34 3813-9114 |
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YAMANA GOLD |
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62 3339-3300 |
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STAFF: |
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NOT AVAILABLE |
CONCEPT
AND FULFILMENT:
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THE SUBJECT WAS ESTABLISHED IN 2002. SO FAR IT HAS A CLEAR TRADE
HISTORY AND NORMAL PAYMENT BEHAVIOUR. THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO
DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER
OF TRADE CREDIT FACILITIES. |
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MAIN SUPPLIERS: |
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DOMESTIC SUPPLIERS: |
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PHONE: |
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ARCELOR MITTAL |
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31 3379-6011 |
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EMBALAPEL |
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31 3476-8033 |
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EXTUS INDUSTRIA DE PLÁSTICOS |
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11 5521-3535 |
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GRAFICA ESTRELA |
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31 3361-1704 |
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METALBO REX MAQUINAS E EQUIPAMENTOS |
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47 3544-8400 |
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REICHHOLD |
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11 4795-8146 |
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PAYMENT HISTORY: |
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3 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 39.020,00 |
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AMOUNT OF INVOICES PAID: 17 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 11.005,00 |
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HIGHEST CREDIT: R$ 33.010,00 |
FINAL
OPINION:
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BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR
NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES, HOWEVER, SHOULD BE GRANTED ON
FULLY SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.16 |
|
|
1 |
Rs.101.22 |
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Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
TPT |
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 |
-- |
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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.