|
|
|
MIRA INFORM REPORT
|
Report No. : |
491563 |
|
Report Date : |
14.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
CPS STARCHES CO., LTD. |
|
|
|
|
Registered Office : |
678/5 Bamrungmuang Road, Wat Thepsirin, Pomprabsattrupai, Bangkok 10100, |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
01.11.1994 |
|
|
|
|
Com. Reg. No.: |
0105537130229 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer, Exporter
and
Distributor of Starches. |
|
|
|
|
No. of Employees : |
80 |
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 |
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Thailand |
A2 |
A2 |
|
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 |
THAILAND - ECONOMIC OVERVIEW
With a relatively well-developed infrastructure, a free-enterprise economy, and generally pro-investment policies, Thailand is highly dependent on international trade, with exports accounting for about two-thirds of GDP. Thailand’s exports include electronics, agricultural commodities, automobiles and parts, and processed foods. The industry and service sectors produce about 90% of GDP. The agricultural sector, comprised mostly of small-scale farms, contributes only 10% of GDP but employs about one-third of the labor force. Thailand has attracted an estimated 3.0-4.5 million migrant workers, mostly from neighboring countries.
Over the last few decades, Thailand has reduced poverty substantially. In 2013, the Thai Government implemented a nationwide 300 baht (roughly $10) per day minimum wage policy and deployed new tax reforms designed to lower rates on middle-income earners.
Thailand’s economy is recovering from slow growth during the years since the 2014 coup. Thailand’s economic fundamentals are sound, with low inflation, low unemployment, and reasonable public and external debt levels. Tourism and government spending - mostly on infrastructure and short-term stimulus measures – have helped to boost the economy, and The Bank of Thailand has been supportive, with several interest rate reductions.
Over the longer-term, household debt levels, political uncertainty, and an aging population pose risks to growth.
|
Source
: CIA |
Company name
CPS STARCHES CO.,
LTD.
SUMMARY
BUSINESS
ADDRESS : 678/5
BAMRUNGMUANG ROAD, WAT
THEPSIRIN,
POMPRABSATTRUPAI, BANGKOK
10100, THAILAND
TELEPHONE : [66] 2225-1950-1
FAX :
[66] 2224-3392
E-MAIL
ADDRESS : cps.starches@gmail.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1994
REGISTRATION
NO. : 0105537130229
TAX
ID NO. : 3011497036
CAPITAL REGISTERED : BHT. 30,000,000
CAPITAL PAID-UP : BHT.
30,000,000
SHAREHOLDER’S PROPORTION : THAI : 100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MRS. KANYA VIRIYAROJ,
THAI
MANAGING DIRECTOR
NO.
OF STAFF : 80
LINES
OF BUSINESS : STARCHES
MANUFACTURER, EXPORTER AND DISTRIBUTOR
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
FAIR PERFORMANCE
HISTORY
The
subject was established
on November 1,
1994 as a
private limited company
under the registered
name CPS STARCHES
CO., LTD., by
Thai group, with
the business objective
to manufacture various
kinds of starches
to both local
and oversea markets.
It currently employs
approximately 80 staff.
The
subject’s registered address
is 678/5 Bamrungmuang
Road, Wat Thesirin,
Pomprabsattrupai, Bangkok 10100,
and this is
the subject’s current
operation address.
THE BOARD OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Ms. Vipapak Viriyaroj |
|
Thai |
47 |
|
Mrs. Kanya Viriyaroj |
|
Thai |
80 |
|
Mrs. Vipaporn Viriyaroj |
|
Thai |
55 |
AUTHORIZED PERSON
Any two of
the above directors
can jointly sign
on behalf of
the subject with
company’s affixed.
MANAGEMENT
Mrs. Kanya Viriyaroj is
the Managing Director.
She is Thai
nationality with the
age of 80
years old.
Ms. Vipapak Viriyaroj is
the Deputy Managing
Director.
She is Thai
nationality with the
age of 47
years old.
BUSINESS OPERATIONS
The subject
is engaged in
manufacturing, exporting and
distributing various kinds
of starches such
as modified starch,
native tapioca starch,
oxidized starch, acid
modified starch, acetylated
starch, cationic starch, cross
linked starch, and
pre-gelatinized starch. The
products are supplied
to foods, paper
and textile industries.
BRAND NAME
“CPS”, “SUN BOAT”,
“CEIGHA”, “MORGAN”, “BIGSTAR”,
“FARM THAI” and
“THREE CABRIS”
PRODUCTION CAPACITY
150 metric tons
per annum
PURCHASE
100% of raw
materials is purchased
from local planters
and suppliers.
SALES
80% of the
products is exported
to Singapore, Malaysia,
U.S.A., Australia, Philippines,
Pakistan, Vietnam, Republic
of China, Taiwan,
Indonesia, Malaysia, India
and Hong Kong,
the remaining 20%
is sold locally.
RELATED AND AFFILIATED COMPANY
Chai Prasit Products
Co., Ltd.
Business Type :
Manufacturer of tapioca
starches
Viriyaroj Co., Ltd.
Business Type :
Manufacturer of tapioca
starches
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
according 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.
Exports are against
T/T.
BANKING
Bangkok
Bank Public Company
Limited
[Head Office,
333 Silom Road,
Silom, Bangrak, Bangkok]
[Kantaralak
Branch, 524 Moo 1, Sinpradet
Road, Nongyalad, Kantaralak,
Srisaket]
EMPLOYMENT
The
subject currently employs
approximately 80 staff.
LOCATION DETAILS
The
premise is owned for
administrative office at
the heading address.
Premise is located
in commercial/residential area.
Factory
and warehouse is
located at 472
Moo 4, T. Thakaj,
A. Kantaralak, Srisaket 33110.
Tel.: [66] 45
612-651, 01 611-2546
Fax: [66] 45
612-651
COMMENT
Despite
a decrease in
sales or service
income in 2016, the
subject obtained a
net profit. The
decrease was caused
by slow recovery,
less expansion and
slow growth in
various industries of
both local and
overseas. Nevertheless, the subject
operates a moderate
business in amidst of
unfavourable factors.
FINANCIAL INFORMATION
The capital was registered at
Bht. 5,000,000 divided
into 50,000 shares
of Bht. 100 each with fully paid.
On
April 4, 1995,
the registered capital
was increased to
Bht. 30,000,000 divided
into 300,000 shares
of Bht. 100 each
with fully paid.
MAIN SHAREHOLDERS
[As at
April 30, 2017]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Chai Prsit Products
Co., Ltd. Nationality: Thai Address : 678/4-7
Bamrungmuang Road, Wat Thesirin,
Pomprabsattrupai, Bangkok |
59,250 |
19.75 |
|
Viriyaroj Co., Ltd. Nationality: Thai Address : 678/4-7
Bamrungmuang Road, Wat Thesirin,
Pomprabsattrupai, Bangkok |
59,250 |
19.75 |
|
Mrs. Kanya Viriyaroj Nationality: Thai Address : 678/4-7
Bamrungmuang Road, Wat Thesirin,
Pomprabsattrupai, Bangkok |
38,250 |
12.75 |
|
Mr. Jittipoj Viriyaroj Nationality: Thai Address : 199
Moo 6, T. Nongkrok, A. Muang, Srisaket |
30,000 |
10.00 |
|
Mr. Prutichai Viriyaroj Nationality: Thai Address : 20/10
Soi Suayai-Uthis, Chankasem, Chatuchak, Bangkok
|
30,000 |
10.00 |
|
Mrs. Vipaporn Viriyaroj Nationality: Thai Address : 678/4-7
Bamrungmuang Road, Wat Thesirin,
Pomprabsattrupai, Bangkok |
18,720 |
6.24 |
|
Mrs. Viparat Asawaviroonhakarn Nationality: Thai Address : 108
Sri-uthai Road, T. U-Thaimai, A. Muang,
Uthaithani |
17,820 |
5.94 |
|
Ms. Vipada Viriyaroj Nationality: Thai Address : 678/4-7
Bamrungmuang Road, Wat Thesirin,
Pomprabsattrupai, Bangkok |
17,820 |
5.94 |
|
Ms. Vipapak Viriyaroj Nationality: Thai Address : 678/4-7
Bamrungmuang Road, Wat Thesirin,
Pomprabsattrupai, Bangkok |
15,120 |
5.04 |
|
Others |
13,770 |
4.59 |
Total Shareholders : 19
Share Structure
[As at April
30, 2017]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
19 |
300,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
19 |
300,000 |
100.00 |
NAME OF AUDITOR & CERTIFIED PUBLIC ACCOUNTANT NO.
Mr. Jatukoon Jiamjankup No.
9190
BALANCE SHEET [BAHT]
The
latest financial figures
published for December 31,
2016, 2015 and
2014 were:
ASSETS
|
Current Assets |
2016 |
2015 |
2014 |
|
|
|
|
|
|
Cash and Cash Equivalents |
7,766,135.35 |
3,162,627.84 |
1,534,307.67 |
|
Trade Accounts and
Other Receivable |
7,123,277.58 |
8,882,443.23 |
11,699,753.13 |
|
Inventories |
619,789.00 |
714,258.55 |
5,601,257.35 |
|
Other Current Assets |
2,178,353.69 |
1,755,620.78 |
1,128,499.62 |
|
Total Current Assets
|
17,687,555.62 |
14,514,950.40 |
19,963,817.77 |
|
|
|
|
|
|
Long-term Loan |
5,924,782.00 |
8,590,000.00 |
- |
|
Property, Plant and
Equipment |
11,399,449.38 |
11,752,400.76 |
12,050,952.23 |
|
Loan to Related
Receivable |
- |
- |
6,830,000.00 |
|
Total Assets |
35,011,787.00 |
34,857,351.16 |
38,844,770.00 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2016 |
2015 |
2014 |
|
|
|
|
|
|
Trade Accounts and Other
Payable |
596,152.55 |
661,402.66 |
1,821,067.90 |
|
Other Current Liabilities |
655.72 |
10,022.75 |
- |
|
Total Current Liabilities |
596,808.27 |
671,425.41 |
1,821,067.90 |
|
Total Liabilities |
596,808.27 |
671,425.41 |
1,821,067.90 |
|
|
|
|
|
|
Shareholders’ Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, and
issued share capital
300,000 shares
|
30,000,000.00 |
30,000,000.00 |
30,000,000.00 |
|
Capital Paid |
30,000,000.00 |
30,000,000.00 |
30,000,000.00 |
|
Retained Earning -Unappropriated [Deficit] |
4,414,978.73 |
4,185,925.75 |
7,023,702.10 |
|
Total Shareholders’ Equity |
34,414,978.73 |
34,185,925.75 |
37,023,702.10 |
|
Total Liabilities and
Shareholders’ Equity |
35,011,787.00 |
34,857,351.16 |
38,844,770.00 |
PROFIT & LOSS ACCOUNT
|
Revenue |
2016 |
2015 |
2014 |
|
|
|
|
|
|
Sales or Services Income |
19,846,526.81 |
22,548,731.94 |
22,687,299.37 |
|
Interest Income |
73,233.77 |
73,292.01 |
21,957.57 |
|
Other Income |
1,042,082.50 |
326,624.88 |
94,368.68 |
|
Total Revenues |
20,961,843.08 |
22,948,648.83 |
22,803,625.62 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold or Services |
13,709,778.48 |
19,332,298.87 |
16,441,203.68 |
|
Selling Expenses |
1,289,445.21 |
2,199,320.97 |
1,800,599.75 |
|
Administrative Expenses |
5,733,566.41 |
4,165,435.67 |
4,353,286.21 |
|
Total Expenses |
20,732,790.10 |
25,697,055.51 |
22,595,089.64 |
|
|
|
|
|
|
Profit /[Loss] before
Financial Cost and Income Tax |
229,052.98 |
[2,748,406.68] |
208,535.98 |
|
Financial Cost |
- |
[89,369.67] |
[139,840.38] |
|
|
|
|
|
|
Profit /[Loss] before Income
Tax |
229,052.98 |
[2,837,776.35] |
68,695.60 |
|
Income Tax |
- |
- |
[22,303.85] |
|
Net Profit / [Loss] |
229,052.98 |
[2,837,776.35] |
46,391.75 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2016 |
2015 |
2014 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
29.64 |
21.62 |
10.96 |
|
QUICK RATIO |
TIMES |
24.95 |
17.94 |
7.27 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
1.74 |
1.92 |
1.88 |
|
TOTAL ASSETS TURNOVER |
TIMES |
0.57 |
0.65 |
0.58 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
16.50 |
13.49 |
124.35 |
|
INVENTORY TURNOVER |
TIMES |
22.12 |
27.07 |
2.94 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
131.01 |
143.78 |
188.23 |
|
RECEIVABLES TURNOVER |
TIMES |
2.79 |
2.54 |
1.94 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
15.87 |
12.49 |
40.43 |
|
CASH CONVERSION CYCLE |
DAYS |
131.63 |
144.78 |
272.15 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
69.08 |
85.74 |
72.47 |
|
SELLING & ADMINISTRATION |
% |
35.39 |
28.23 |
27.12 |
|
INTEREST |
% |
- |
0.40 |
0.62 |
|
GROSS PROFIT MARGIN |
% |
36.54 |
16.04 |
28.04 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
1.15 |
(12.19) |
0.92 |
|
NET PROFIT MARGIN |
% |
1.15 |
(12.59) |
0.20 |
|
RETURN ON EQUITY |
% |
0.67 |
(8.30) |
0.13 |
|
RETURN ON ASSET |
% |
0.65 |
(8.14) |
0.12 |
|
EARNING PER SHARE |
BAHT |
0.76 |
(9.46) |
0.15 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.02 |
0.02 |
0.05 |
|
DEBT TO EQUITY RATIO |
TIMES |
0.02 |
0.02 |
0.05 |
|
TIME INTEREST EARNED |
TIMES |
- |
(30.75) |
1.49 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(11.98) |
(0.61) |
|
|
OPERATING PROFIT |
% |
(108.33) |
(1,417.95) |
|
|
NET PROFIT |
% |
108.07 |
(6,216.98) |
|
|
FIXED ASSETS |
% |
(3.00) |
(2.48) |
|
|
TOTAL ASSETS |
% |
0.44 |
(10.27) |
|
ANNUAL GROWTH :
ACCEPTABLE
An annual sales growth is -11.98%. Turnover has decreased from THB
PROFITABILITY :
IMPRESSIVE
PROFITABILITY
RATIO
|
Gross Profit Margin |
36.54 |
Impressive |
Industrial
Average |
13.92 |
|
Net Profit Margin |
1.15 |
Impressive |
Industrial
Average |
0.19 |
|
Return on Assets |
0.65 |
Impressive |
Industrial
Average |
0.45 |
|
Return on Equity |
0.67 |
Acceptable |
Industrial
Average |
1.79 |
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. Gross Profit Margin is 36.54%. When
compared with the industry average, the ratio of the company was higher,
indicated that company was more profitable than the same industry.
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. Net Profit Margin ratio is 1.15%,
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
0.65%, 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. When compared with the
industry average, it was lower, the company's figure is 0.67%.
Trend of the
average competitors in the same industry for last 5 years
Return on Assets Downtrend
Return on Equity Downtrend
LIQUIDITY :
SATISFACTORY
LIQUIDITY RATIO
|
Current Ratio |
29.64 |
Impressive |
Industrial
Average |
1.15 |
|
Quick Ratio |
24.95 |
|
|
|
|
Cash Conversion Cycle |
131.63 |
|
|
|
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 29.64 times in 2016, increase from 21.62 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 24.95 times in 2016,
increase from 17.94 times, although excluding inventory so the company still
have good short-term financial strength.
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 132 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Downtrend
LEVERAGE :
EXCELLENT
LEVERAGE RATIO
|
Debt Ratio |
0.02 |
Impressive |
Industrial
Average |
0.75 |
|
Debt to Equity Ratio |
0.02 |
Impressive |
Industrial
Average |
3.05 |
|
Times Interest Earned |
- |
|
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.
Debt Ratio shows the proportion of a company's assets which are financed
through debt. The company's figure is 0.02 less than 0.5, most of the company's
assets are financed through equity.
Trend of the
average competitors in the same industry for last 5 years
Debt Ratio Uptrend
Times Interest Earned Stable
ACTIVITY :
SATISFACTORY
ACTIVITY RATIO
|
Fixed Assets Turnover |
1.74 |
Impressive |
Industrial
Average |
- |
|
Total Assets Turnover |
0.57 |
Deteriorated |
Industrial
Average |
2.30 |
|
Inventory Conversion Period |
16.50 |
|
|
|
|
Inventory Turnover |
22.12 |
Impressive |
Industrial
Average |
7.32 |
|
Receivables Conversion Period |
131.01 |
|
|
|
|
Receivables Turnover |
2.79 |
Acceptable |
Industrial
Average |
5.63 |
|
Payables Conversion Period |
15.87 |
|
|
|
The company's Account Receivable Ratio is calculated as 2.79 and
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 13 days at the end of 2015 to 17
days at the end of 2016. This represents a negative trend. And Inventory
turnover has decreased from 27.07 times in year 2015 to 22.12 times in year
2016.
The company's Total Asset Turnover is calculated as 0.57 times and 0.65
times in 2016 and 2015 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 Stable
Total Assets Turnover Uptrend
Inventory Turnover Downtrend
Receivables Turnover Downtrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
|
Thai Baht |
1 |
INR 2.04 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.