|
|
|
MIRA INFORM REPORT
|
Report No. : |
491642 |
|
Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
TECHNO POWER |
|
|
|
|
Registered
Office : |
18, Rabindra Sarani, Poddar Court, Gate No. 2, Room No.2, 6th
Floor, Kolkata – 700001, West Bengal |
|
Tel. No.: |
91-33-22350121 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Year of
Establishment: |
July, 2013 (Proprietorship Firm) 01.04.2014 (Partnership Firm) |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 17.885 Million |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm does
not have export and import) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJFT3295R |
|
|
|
|
GSTIN/UIN : |
19AAJFT3295R1Z3 |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of HT and LT Overhead and Underground Line
Material. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 51100 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2013 as a proprietorship concern and
later it got converted into partnership concern in the year 2014. It is a manufacturer and trader of HT and LT overhead and underground
line material. For the financial year 2017, the concern has reported decline in its
revenue as compared to previous year but has managed to maintain an average
profit margin of 1.02%. The satisfactory financial profile of the concern is marked by
comfortable capital base along with strong debt coverage indicators due to
low debt balance sheet profile. Business is active. Payments seems usually correct. In view of aforesaid, the concern can be considered for business
dealings at usual trade terms and conditions. |
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 13.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Deepak |
|
Designation : |
Accountant |
|
Contact No.: |
91-9674099808 |
|
Date : |
10.02.2018 |
LOCATIONS
|
Registered Office : |
18, Rabindra Sarani, Poddar Court, Gate No. 2, Room No.2, 6th
Floor, Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-22350121 |
|
Mobile No.: |
91-9903958686 (Mr. Nitesh Karnani) 91-9674099808 (Mr. Deepak) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
400 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
55/2, Ghosh Lane, Howrah – 711101, West Bengal, India |
|
|
|
|
Warehouse : |
493, CGT Road, Howrah – 711204, West Bengal, India |
PARTNERS
|
Name : |
Mr. Nitesh Karnani |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Shiv Ratan Karnani |
|
Designation : |
Partner |
KEY EXECUTIVES
|
Name : |
Mr. Deepak |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of HT and LT Overhead and Underground Line
Material. (Confirmed by management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (80 Days) |
|
|
|
|
Purchasing : |
Credit (80 Days) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers and End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
10 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
R.L. Mundhra and Company Chartered Accountants |
|
Address : |
Kolkata, West Bengal, India |
|
M.No.: |
304946 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern: (As confirmed by management) |
Tech Power Engineers Private Limited |
CAPITAL STRUCTURE
As on 31.03.2017
|
Capital Investment : |
|
|
Owned : |
INR 17.885 Million |
|
Borrowed : |
-- |
|
Total : |
INR 17.885
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital |
|
17.885 |
9.352 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
17.885 |
9.352 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.794 |
0.227 |
|
|
2] Unsecured Loans |
|
0.500 |
0.500 |
|
|
TOTAL BORROWING |
|
1.294 |
0.727 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
19.179 |
10.079 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.323 |
0.553 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
6.328
|
4.131
|
|
|
Sundry Debtors |
|
93.593
|
108.008
|
|
|
Cash & Bank Balances |
|
18.894
|
39.803
|
|
|
Other Current Assets |
|
0.040
|
0.000 |
|
|
Loans, Advances and Deposits |
|
27.882
|
18.568
|
|
Total
Current Assets |
|
146.737
|
170.510
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
121.723
|
158.670
|
|
|
Other Current Liabilities |
|
5.519
|
1.324
|
|
|
Provisions |
|
1.639
|
0.990
|
|
Total
Current Liabilities |
|
128.881
|
160.984
|
|
|
Net Current Assets |
|
17.856
|
9.526
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
19.179 |
10.079 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
361.001 |
392.118 |
|
|
Other Income |
|
4.542 |
3.349 |
|
|
TOTAL |
|
365.543 |
395.467 |
|
|
|
|
(Due to market
fluctuation) |
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
|
316.422 |
349.633 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Freight, Forwarding and
Transportation |
|
11.796 |
10.083 |
|
|
Accounting Charges |
|
0.004 |
0.000 |
|
|
Insurance Charges |
|
0.130 |
0.110 |
|
|
Employee Cost |
|
2.059 |
2.379 |
|
|
Carriage Outwards |
|
2.069 |
3.259 |
|
|
Electricity |
|
0.027 |
0.103 |
|
|
Postage, Telephone and
Fax Charges |
|
0.732 |
0.320 |
|
|
Godown Rent |
|
0.000 |
0.194 |
|
|
Rates and Taxes |
|
0.634 |
0.550 |
|
|
Donation |
|
0.172 |
0.000 |
|
|
Labour Charges |
|
0.516 |
0.396 |
|
|
Discount Allowed |
|
0.202 |
0.143 |
|
|
Travelling Expenses |
|
0.367 |
0.304 |
|
|
Business Promotion
Expenses |
|
1.669 |
2.076 |
|
|
Commission |
|
7.881 |
8.941 |
|
|
Miscellaneous Expenses |
|
0.331 |
0.005 |
|
|
Repair of Defective
Materials |
|
2.987 |
3.706 |
|
|
Repair and Maintenance |
|
0.028 |
0.097 |
|
|
Inspection Charges |
|
0.037 |
0.079 |
|
|
ISO Fees |
|
0.015 |
0.000 |
|
|
Documentation Fees For BG |
|
0.000 |
0.005 |
|
|
L. C. Charges |
|
0.351 |
0.965 |
|
|
Legal Expenses |
|
0.261 |
0.000 |
|
|
Car Hire Charges |
|
0.058 |
0.000 |
|
|
Registration Charges |
|
0.000 |
0.028 |
|
|
Processing Fees |
|
0.021 |
0.024 |
|
|
Short and Excess |
|
0.129 |
0.681 |
|
|
Office Rent |
|
0.420 |
0.420 |
|
|
Other Expenses |
|
2.035 |
1.808 |
|
|
CST Differential |
|
0.014 |
0.000 |
|
|
ITC Adjustments - u/s 43A |
|
0.000 |
0.045 |
|
|
Payment to Auditors’ for Audit
Fees |
|
0.020 |
0.023 |
|
|
Payment to Auditors’ in
Other Capacity |
|
0.002 |
0.007 |
|
|
Partner’s Remuneration |
|
8.181 |
5.060 |
|
|
Professional Fees |
|
0.015 |
0.335 |
|
|
TOTAL |
|
359.585 |
391.779 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
5.958 |
3.688 |
|
|
|
|
|
|
|
Less |
INTEREST |
|
0.486 |
0.342 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
5.472 |
3.346 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.168 |
0.141 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
5.304 |
3.205 |
|
|
|
|
|
|
|
Less |
TAX |
|
1.639 |
0.991 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
3.665 |
2.214 |
Expected Sales ( 2017 - 2018 ) : INR 450.000 Million
The above information has been parted by Mr. Deepak (Accountant)
Note : Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
94.63 |
100.54 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
|
3.86 |
3.63 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
140.41 |
165.64 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
0.94 |
0.89 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
4.50 |
6.67 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
0.88 |
0.95 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
0.07 |
0.08 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
7.23 |
17.27 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
0.07 |
0.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
12.26 |
10.78 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
|
1.02 |
0.56 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
2.48 |
1.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
20.49 |
23.67 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
1.13 |
1.06 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
1.09 |
1.03 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.12 |
0.05 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
0.07 |
0.08 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
1.13 |
1.06 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Partner’s Capital |
9.352 |
17.885 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Money received against
share warrants |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
|
Net worth |
9.352 |
17.885 |
|
|
|
|
|
Secured Loans |
0.227 |
0.794 |
|
Unsecured Loans |
0.500 |
0.500 |
|
Total borrowings |
0.727 |
1.294 |
|
Debt/Equity ratio |
0.078 |
0.072 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
392.118 |
361.001 |
|
|
(7.936) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
392.118 |
361.001 |
|
Profit |
2.214 |
3.665 |
|
|
0.56% |
1.02% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last two years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last two years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
|
|
|
|
Karnani Medical |
0.500 |
0.500 |
|
|
|
|
|
Total |
0.500 |
0.500 |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record exists
to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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
·
Promoters
/ Management background
·
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.