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MIRA INFORM REPORT
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Report No. : |
492333 |
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Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
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Name : |
CANADIAN SPECIALTY METALS
ULC |
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Registered Office : |
3400-350, 7th Avenue South
West, Calgary, CA-AB T2P3N9 |
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Country : |
Canada |
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Date of Incorporation : |
1982 |
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Legal Form : |
Unlimited Liability Company |
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Line of Business : |
Subject is a mature
company dedicated to supply aluminum, stainless, aerospace and specialty
metals. |
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No. of Employees : |
170 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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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Canada |
A1 |
A1 |
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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 |
CANADA - ECONOMIC OVERVIEW
Canada resembles the US in its market-oriented economic system, pattern
of production, and high living standards. Since World War II, the impressive growth
of the manufacturing, mining, and service sectors has transformed the nation
from a largely rural economy into one primarily industrial and urban. Canada
has a large oil and natural gas sector with the majority of crude oil
production derived from oil sands in the western provinces, especially Alberta.
Canada now ranks third in the world in proved oil reserves behind Venezuela and
Saudi Arabia and is the world’s sixth-largest oil producer.
The 1989 Canada-US Free Trade Agreement and the 1994 North American Free
Trade Agreement (which includes Mexico) dramatically increased trade and
economic integration between the US and Canada. Canada and the US enjoy the
world’s most comprehensive and highly balanced bilateral trade and investment
relationship, with merchandise trade of $544 billion in 2016, services trade of
over $80 billion, and two-way investment stocks of nearly $700 billion. Over
three-fourths of Canada’s exports are destined for the US each year. Canada is
the largest foreign supplier of energy to the US, including oil, natural gas,
and electric power, and a top source of US uranium imports.
Given its abundant natural resources, highly skilled labor force, and
modern capital stock, Canada enjoyed solid economic growth from 1993 through
2007. The global economic crisis of 2007-08 moved the Canadian economy into
sharp recession by late 2008, and Ottawa posted its first fiscal deficit in
2009 after 12 years of surplus. Canada's major banks emerged from the financial
crisis of 2008-09 among the strongest in the world, owing to the financial
sector's tradition of conservative lending practices and strong capitalization.
Since the fall in world oil prices in 2014, Canada has achieved modest economic
growth.
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Source
: CIA |
STATUTORY
INFORMATION
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Address
in the order: |
170 ENGLISH DRIVE MONCTON, NB
E1E 4K6 Canada The address in the order
corresponds to a branch of the company. |
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Legal
Name: |
CANADIAN SPECIALTY METALS ULC |
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Trade
Name: |
ASA ALLOYS ASA ALLOYS, a Division of
Canadian Specialty Metals ULC (CSMULC) Magna Stainless |
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ID: |
1164574825 |
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Date
Created: |
1982 |
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Date
Incorporated: |
2007-06-30 |
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Legal
Address: |
3400-350, 7th Avenue South
West, Calgary CA-AB T2P3N9 Canada |
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Operative
Address: |
81 Steinway Boulevard Etobicoke, ON M9W 6H6 Canada |
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Telephone:
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(416) 213-0000 Toll Free: 1(800) 387-9166 |
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Fax: |
(416) 213-9989 |
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Legal
Form: |
Unlimited Liability Company |
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Email: |
sales@asaalloys.com wseymour@asaalloys.com |
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Registered
in: |
CANADA |
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Website:
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www.asaalloys.com |
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Contact: |
Ward Seymour, Chief Executive
Officer and President |
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Staff: |
170 |
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Activity: |
Primary Industry (NAICS):
416210 - Metal Service Centres Primary Business Activity: Trading
House / Wholesaler / Agent and Distributor
NAICS 1: Metal Service Centers
and Other Metal Merchant Wholesalers NAICS 2: Metal Service Centers
and Other Metal Merchant Wholesalers SIC 1: Aluminum Bars, Rods,
Ingots, Sheets, Pipes, Plates, Etc. SIC 2: Aluminum Bars, Rods,
Ingots, Sheets, Pipes, Plates, Etc. |
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BANKS
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The company does not make its banking data
public |
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HISTORY
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The company was founded in 1982 |
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PRINCIPAL
ACTIVITY
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ASA Alloys, a Division of Canadian Specialty Metals ULC., is a mature
company dedicated to supply aluminum, stainless, aerospace and specialty
metals. |
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Products/Services description: |
ASA Alloys Inc. distributes specialty metal products. It offers stainless,
aircraft, aluminum, nickel, and titanium alloys, as well as vacuum arc
remelted steels, bronze, beryllium copper, and stainless and carbon steel
plates. The company also provides grinding, gun drilling, heat treating,
water jet cutting, shearing, threading, saw cutting, plasma and flame
cutting, and metal polishing services. Its products are used in various
applications, including aerospace, oil and gas, machinery, petro chemical,
pipes, metal fabricating, pulp and paper, steel mills, and transportation. |
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Brands: |
CORPORATION MAGNA MAGNA INOXYDABLE MAGNA STAINLESS
MÉTAUX SPÉCIALISÉS CANADIENS |
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Sales are: |
Wholesale |
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Clients: |
VALVULAS WORCESTER DE MEXICO SA DE CV Mexico B. F Goodrich Argentina Koch Glitsch USA |
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Suppliers: |
GLORIA MATERIAL TECHNOLOGY
CORP. Taiwan Froch Enterprise Taiwan YUEN CHANG STAINLESS STEEL CO. Taiwan DAEWOO INTERNATIONAL
CORPORATION South Korea Lb Aluminium Berhad Malaysia Jsc Work Dneprospetsstal Ukraine |
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Operations area: |
National and International |
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The company imports from |
Taiwan, South Korea, Malaysia
and Ukraine |
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The company exports to |
Mexico, Argentina and USA |
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The subject employs |
170 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters
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81 Steinway Boulevard Etobicoke, ON M9W 6H6 Canada |
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Comments: |
NA |
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Branches: |
Montreal 5775 Kieran Street St. Laurent, QC H4S 0A3 Tel.: (514) 339-1211 Toll Free: 1(800) 363-6646 Fax: (514) 339-1105 Sales@magnastainless.com Edmonton 20 Challenger Crescent Sherwood Park, AB T8H 2R1 Tel.: (780) 416-6422 Toll Free: 1(800) 465-2389 Fax: (780) 416-7594 EdmontonSales@asaalloys.com Winnipeg 61 Paramount Road Winnipeg, MB R2X 2W6 Tel.: (204) 953-1910 Toll Free: 1(888) 671-0960 Fax: (204) 489-8542 WinnipegSales@asaalloys.com Sarnia 1195 Michener Road Sarnia, ON N7S 4W3 Tel.: (519) 336-1936 Toll Free: 1(866) 272-8265 Fax: (519) 336-3664 SarniaSales@asaalloys.com Sudbury 1351J Kelly Lake Road Sudbury , ON P3E 5P5 Tel.: (705) 522-6773 Toll Free: 1(888) 387-9166 Fax: (705) 522-2017 SudburySales@asaalloys.com Saskatoon 334 68th Street Saskatoon, SK S7P 0C3 Tel.: (306) 931-1880 Toll Free: 1(888) 931-1880 Fax: (306) 931-1919 SaskatoonSales@asaalloys.com Moncton 170 English Drive Moncton, NB E1E 4K6 Tel.: (506) 872-4111 Toll Free: 1(855) 872-4111 Fax: (506) 872-4110 MonctonSales@asaalloys.com Salmon Arm 5101 48 Ave SE Salmon Arm, BC V1E 1X2 Tel.: (250) 434-0660 Toll Free: 1(844) 499-1375 Fax: (250) 434-0662 SalmonArmSales@asaalloys.com |
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Main
Competitors |
Samuel, Son & Co., Limited 21 Corrine Crt Bohler-Uddeholm Ltd 757 Mckay Rd Suite 1 Geo. Bezdan Sales Ltd 250 Wright Blvd Samuel, Son & Co., Limited 1365 Derwent Way Berlin Steel 9935 Av De Catania Bureau 110 |
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Related
Companies: |
NA |
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
Major holder: CANADIAN SPECIALTY METALS HOLDINGS, INC. 555, SKOKIE BOULEVARD SUITE 555 NORTHBROOK ILLINOIS
U.S.A. 60062 |
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Management: |
Cousins Gregg, President Dagenback Thomas J. Ward Seymour, Chief Executive Officer and President Area of Responsibility: Management Executive. Telephone: (416) 213-2300 Facsimile: (416) 213-9507 Email: wseymour@asaalloys.com Dennis Bishop, Manager Area of Responsibility: Domestic Sales &
Marketing. Telephone: (416) 213-2325 Facsimile: (416) 213-9989 Email: dbishop@asaalloys.com Tom Campbell, Executive Vice President Area of Responsibility: Management Executive. Telephone: (416) 213-2302 Facsimile: (416) 213-9989 Email: tcampbell@asaalloys.com Terry Lehigh, Vice President Area of Responsibility: Domestic Sales &
Marketing. Telephone: (416) 213-2303 Facsimile: (416) 213-9989 Email: tlehigh@asaalloys.com John King, IT Manager Telephone: (416) 213-0000 Facsimile: (416) 213-9507 Email: jking@asaalloys.com Minh Nguyen, IT Manager Telephone: (416) 213-2308 Facsimile: (416) 213-9507 Email: minh@asaalloys.com Ian Jones, Vice President of Finance Josie Lee, Vice President of Human Resources Dave Basilio, Vice President of Aluminium Products Juan Klassen, Plant Manager Pia Catedral, Senior Credit Supervisor Andreas Sowah, Warehouse Manager Larry Beaudry, Outside Sales Aileen Rowe, Inside Sales Michael Fry, Inside Sales Aerospace Melanie Prodanov, Accounts Receivable Clerk Tom Seymour, Sales Representative Craig Wynberg, Outside Sales Manager Dawn Knight, Inside Sales Manager |
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FINANCIAL
INFORMATION
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The company does not make its financial statements public. The
following information has been provided by private sources: |
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USD 2016 |
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Gross
Sales |
70,000,000 |
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Cash
flow |
Normal |
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LEGAL
FILINGS
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Cases |
Wylie v Canadian Specialty
Metals, 2016 ONSC 4142 (CanLII) Date: 2016-04-14 File number: 14-CV-501730 Citation: Wylie v Canadian
Specialty Metals, 2016 ONSC 4142 (CanLII), <http://canlii.ca/t/gs6g4>,
retrieved on 2018-02-18 Canadian Specialty Metals ULC (ASA
Alloys) v Jurczynski, 2014 CanLII 26015 (ON LRB) Date: 2014-05-14 File number: 1884-13-ES Citation: Canadian Specialty
Metals ULC (ASA Alloys) v Jurczynski, 2014 CanLII 26015 (ON LRB),
<http://canlii.ca/t/g6z02>, retrieved on 2018-02-18 |
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OFAC Sanctions List Search |
The company is not listed
in the OFAC list. |
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SUMMARY
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Founded in 1982,
ASA Alloys, a Division of Canadian Specialty Metals ULC., is a mature company
dedicated to supply aluminum, stainless, aerospace and specialty metals. The company has 170
full-time employees and generates an estimated USD 71,070 million in annual
revenue. The company imports
from Taiwan, South Korea, Malaysia and Ukraine, and exports to Mexico,
Argentina and USA, operating within national and international markets. ASA Alloys operates
as a subsidiary of CANADIAN SPECIALTY METALS HOLDINGS, INC This has been an
ACTIVE company incorporated in Canada. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH
FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
We could confirm the telephone number of the company, but there was no
one present to provide further information about the company. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.90 |
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1 |
INR 90.31 |
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Euro |
1 |
INR 80.17 |
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CAD |
1 |
INR 51.25 |
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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NIY |
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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
·
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.