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MIRA INFORM REPORT
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Report No. : |
503895 |
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Report Date : |
24.04.2018 |
IDENTIFICATION DETAILS
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Name : |
VIETNAM ATLANTIC EXPORT IMPORT JSC |
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Registered Office : |
Van Phuc Silk
Village Small Scale Industry Van Phuc
Ward, Ha Dong, Hanoi |
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Country : |
Vietnam |
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Date of Incorporation : |
07.07.2015 |
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Com. Reg. No.: |
0106896474 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
· Wholesale of solid, liquid and gaseous fuels and related products · Demolition · Tanning and dressing of leather; dressing and dyeing of fur |
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No. of Employees : |
12 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Vietnam |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
VIETNAM - ECONOMIC OVERVIEW
Vietnam is a densely populated developing country that has been transitioning
since 1986 from the rigidities of a centrally planned, highly agrarian economy
to a more industrial and market based economy, and it has raised incomes
substantially. In 2016 and 2017, Vietnam missed its yearly growth target of
6.7% due to environmental issues – drought and salinization - impacting the
agricultural sector, and low oil prices affecting the extractive sector.
However, annual GDP growth reached 6.3%, reflecting strengthening domestic
demand and strong manufacturing exports.
Vietnam has a young population, stable political system, commitment to
sustainable growth, relatively low inflation, stable currency, strong FDI
inflows, and strong manufacturing sector. In addition, the country is committed
to continuing its global economic integration. Vietnam joined the WTO in
January 2007 and concluded several free trade agreements in 2015-16, including
the EU-Vietnam Free Trade Agreement, the Korean Free Trade Agreement, and the
Eurasian Economic Union Free Trade Agreement. In 2017, Vietnam successfully
chaired the Asia-Pacific Economic Cooperation (APEC) Conference with its key
priorities including inclusive growth, innovation, strengthening small and
medium enterprises, food security and climate change. Seeking to diversify its
opportunities, Vietnam also continued to pursue other multilateral
relationships, including the Comprehensive and Progressive Agreement for the
Transpacific Partnership and the Regional Comprehensive Economic Partnership.
To continue its trajectory of strong economic growth, the government
acknowledges the need to spark a second wave’ of reforms, including reforming
state-owned-enterprises, reducing red tape, increasing business sector
transparency, reducing the level of non-performing loans in the banking sector,
and increasing financial sector transparency. Vietnam’s public debt to GDP
ratio is nearing the government mandated ceiling of 65%.
In 2016, Vietnam cancelled its civilian nuclear energy development
program, citing public concerns about safety and the high cost of the program;
it faces growing pressure on energy infrastructure. Overall, the country’s
infrastructure fails to meet the needs of an expanding middle class. Vietnam
has demonstrated a commitment to sustainable growth over the last several
years, but the recent slowdown in economic growth could test the government’s
resolve.
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Source
: CIA |
Company
Summary
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Business Name |
CONG TY CP XNK ATLANTIC VIET NAM |
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Country |
VIET NAM |
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Company Registration Number |
0106896474 |
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Main Activity Code |
4671 |
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Main Activity Description |
Wholesale of solid, liquid and gaseous fuels and
related products |
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Company Status |
Normal (Active) |
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Latest Turnover Figure |
- |
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Latest Shareholder Equity Figure |
- |
Basic
Information
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Business Name |
CONG TY CP XNK ATLANTIC VIET NAM |
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Registered Company Name |
VIETNAM ATLANTIC EXPORT IMPORT JSC |
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Company Registration Number |
0106896474 |
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Country |
VIET NAM |
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VAT Registration Number |
0106896474 |
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VAT Registration Date |
2015-07-07 |
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Date of Company Registration |
2015-07-07 |
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Date of Starting Operations |
2015-07-07 |
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Commercial Court |
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Legal Form |
Joint Stock Company |
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Type of Ownership |
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Company Status |
Normal (Active) |
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Principal Activity Code |
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Principal Activity Description |
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Contact Telephone Number |
[+84] 24-73000539 |
Main
Address
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Address |
Country |
Telephone |
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Van Phuc Silk
Village Small Scale Industry Van Phuc
Ward, Ha Dong, Hanoi |
VIET NAM |
[+84] 24-73000539 |
Other
Address
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No other addresses for this company. |
Previous
Address
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No previous addresses for this company. |
Activities
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Activity Code |
Activity Description |
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4671 |
Wholesale of solid, liquid and gaseous fuels and
related products |
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4311 |
Demolition |
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1511 |
Tanning and dressing of leather; dressing and
dyeing of fur |
Email
Addresses
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No email for this company. |
Web
Pages
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Employee
Information
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Date Reported Number
of Employees |
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2018 12 |
Banker
Information
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No banker information for this company. |
Advisors
Information
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No advisor information for this company. |
Miscellaneous
Information
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Fax Number |
[+84] 24-73000538 |
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Export Countries |
Asia / Pacific, Bangladesh, India |
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Import Countries |
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Additional Business Information |
Core Business The primary business focus of
VIETNAM ATLANTIC EXPORT IMPORT JSC
is Manufacturing - Finished
products. Key products include : Calcium Carbonate Masterbatch Calcium
carbonate powder Non- metallic minerals An
integral part of the core business includes: Distribution Supplementary
Business In addition to the core business, VIETNAM ATLANTIC EXPORT IMPORT JSC also is engaged in the following areas of business: 1. Exporting
Exporting - Minerals 2. Service Specialized professional services, including:
Mining |
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Additional Rating Information |
Fair Credit Quality: Credit can proceed but with recommended with partial collateral. Revision of Credit
Limit : Periodic /quarterly Risk Index : High |
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Additional Payment Information |
Selling Type Terms Export Telegraphic Transfer
(T/T) - Received at time of transaction Letter of Credit (At- sight)
Purchasing Type Terms Local Credit - Secured with Post-dated checks 30~60
days Cash on delivery (COD) |
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Additional Financial Information |
Based on the corporate laws of Vietnam, legal entities
which are a Joint Stock Company are not required to make public disclosure of
their annual financials. Therefore no financials are available for this
entity. |
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Number of Employees at Address |
12 |
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Number of Employees at Group |
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Number of Employees at Factory |
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Additional
Miscellaneous Information
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Issuing Authority |
Department Of Planning & Investment - Hanoi |
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Capital |
US$ 219,520 |
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Note |
(1) Legal status
of the English
corporate name The English name
of the Subject Business Entity (SBE)
is a randomly selected translation / transliteration made by the owners of the SBE. It is not a registered English corporate name, but simply
a translation / transliteration of the local
language name. |
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Primary Business Activity |
Manufacturer |
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Primary Industry |
Minerals / Mining |
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Tax / VAT Details |
Tax Issuing
Authority: Ministry Of Finance,
Local Name Used: Gia Trj Gia Tang
(Value Added Tax), Acronym: GTGT /
VAT. |
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Harmonized Product Classification & Activity |
Product/Service Description Code Activity Articles
of stone or other mineral substance 6815 Manufacturing, Exporting Calcium
carbonate 2836500000 Manufacturing, Exporting Excavation work 9829 Service
Miscellaneous manufactured articles 9600 Manufacturing, Exporting |
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Detailed Product Classification & Activity |
Products / Materials / Services Description
Ranking Activity Mining Secondary Service |
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Domestic Sales & Purchases |
Annual Sales Analysis Percentage International
Sales (Export) 100% Annual Purchases Analysis Percentage Local Purchases 100% |
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Director Information |
Name : Mr. Bich Van Nguyen Date of Birth : 1989
Name : Ms. Hong Thi Thi Tran Date of Birth : 1990 |
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Reputation |
Due to the recent incorporation of the VIETNAM
ATLANTIC EXPORT IMPORT JSC, and
the relatively small nature
of its business, no meaningful points of reference in terms of reputation
within the respective industry was possible. |
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Nega-scan - adverse data monitoring |
Dishonored checks No record found Debt No record
found Civil litigation No record found Performance defaults No record found
Adverse local media coverage / adverse filing history No record found |
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Shareholders |
Total number of shareholders : 3 Total number of
shares : n/a |
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Quality Accreditation |
Quality Accreditation Listings Name Accreditation
Category 1 INTERNATIONAL STANDARDS ORGANIZATION (ISO) 9001:2000 2 INTERNATIONAL STANDARDS ORGANIZATION (ISO) 9001:2005 |
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Registered Legal Address |
Van Phuc Silk Village Small Scale Industry Van
Phuc Ward, Ha Dong, Hanoi |
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Capital (Date: Authorized Capital - History) |
7 Jul, 2015: 1,800,000,000; 29 Dec, 2017:
5,000,000,000. |
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Office & Facilities |
The following information relates to the
Business Entity's office
as listed above:
Name: VIETNAM ATLANTIC EXPORT IMPORT JSC - HA DONG,
HANOI, Primary Use: Office
& Administration facilities,
Address: Van Phuc Silk Village Small Scale Industry Van
Phuc Ward, Ha Dong, Hanoi, Country: Vietnam, Status:
Operational. |
Primary
Products
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Products / Materials / Services Description |
Activity |
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Calcium Carbonate |
Manufacturing, Exporting |
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Calcium carbonate powder |
Manufacturing, Exporting |
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Masterbatch |
Manufacturing, Exporting |
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Non-metallic minerals |
Manufacturing, Exporting |
Financial
Information
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No financial information for this company. |
Current
Directors
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Name |
Gender |
Position |
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Bich Van Nguyen |
Male |
Managing Director |
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Hong Thi Thi Tran |
Female |
Chief Accountant |
Previous
Directors
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No previous directors for this company. |
Share
Capital Structure
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Nominal Share Capital 500.000.000.000 |
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Issued Share Capital 500.000.000.000 |
Shareholders
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Shareholder |
Address |
% Shares Held |
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Mr. Anh Tuan Le |
Vietnam |
45 |
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Mr. Bich Van Nguyen |
Vietnam |
45 |
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Mr. Quyen Thi Tran |
Vietnam |
10 |
Group
Structure
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No group structure information for this company |
Negative
Information
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No negative information for this company |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.22 |
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1 |
INR 92.84 |
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Euro |
1 |
INR 81.27 |
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VND |
1 |
INR 0.0029 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.