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|
|
MIRA INFORM REPORT
|
Report No. : |
492423 |
|
Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
NEW LINE FABRICS CO., LTD. |
|
|
|
|
Registered Office : |
210 Trok Watkanmatuyaram [Soi Charoenkrung 14], Charoenkrung Road, Samphanthawong, Bangkok 10100 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
07.03.2006 |
|
|
|
|
Com. Reg. No.: |
0105549040670 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Distributor,
Importer and Exporter of Fabrics
and Dried Fruits. |
|
|
|
|
No. of Employees : |
14 |
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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
NEW LINE FABRICS
CO., LTD.
SUMMARY
BUSINESS
ADDRESS : 210
TROK WATKANMATUYARAM
[SOI CHAROENKRUNG
14], CHAROENKRUNG ROAD,
SAMPHANTHAWONG, BANGKOK
10100, THAILAND
TELEPHONE : [66] 2623-0943-6,
2226-4245, 083 197-6900
FAX :
[66] 2623-0145
E-MAIL
ADDRESS : -
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2006
REGISTRATION
NO. : 0105549040670
TAX
ID NO. : 3032128179
CAPITAL REGISTERED : BHT. 5,000,000
CAPITAL PAID-UP : BHT.
5,000,000
SHAREHOLDER’S PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
AMAN PAL SINGH
KALRA, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 14
LINES
OF BUSINESS : FABRICS AND DRIED FRUITS
DISTRIBUTOR, IMPORTER AND EXPORTER
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 March 27,
2006 as a
private limited company under
the registered name
NEW LINE FABRICS
CO., LTD., by Thai groups.
Its business objective is to
distribute fabrics, as well
as to import
and export dried
fruits for both
local and overseas
markets. It currently
employs 14 staff.
The
subject’s registered address
is 210 Trok
Watkanmatuyaram [Soi Charoenkrung
14], Charoenkrung Road,
Samphanthawong, Bangkok 10100,
and this is
the subject’s current
operation address.
THE
BOARD OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Aman Pal Singh Kalra |
[x] |
Thai |
59 |
|
Mrs. Krishna Kalra |
[x] |
Thai |
59 |
|
Mr. Nivit Kalra |
|
Thai |
34 |
AUTHORIZED
PERSON
One of the
above directors [x]
can sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Mr. Aman Pal
Singh Kalra is the
Managing Director.
He is Thai
nationality with the
age of 59 years old.
Mrs. Krishna Kalra
is the Deputy
Managing Director.
She is Thai
nationality with the
age of 59
years old.
Mr. Nivit Kalra is
the G.M./Sales & Marketing Manager.
He is Thai
nationality with the
age of 34
years old.
BUSINESS
OPERATIONS
The subject is
engaged in importing
and distributing various
kinds of fabrics
such as printed
fabric, polyester, cotton, embroidered,
knitted, silk, jacquard,
curtain fabric and
etc., as well
as importing and
exporting dried fruits.
PURCHASE
90% of fabrics
is purchased from
local suppliers, the
remaining 10% is
imported from India, U.S.A., Italy,
France, Japan, Republic of
China, whereas dried
fruits are purchased
from both domestic
and overseas suppliers
mainly in India,
Malaysia and Republic
of China.
MAJOR
SUPPLIERS
Hangzhou
Antex Co., Ltd. : Republic
of China
Rung
Udom Weaving Co.,
Ltd. : Thailand
Luckytex
(Thai) Public Company
Limited : Thailand
Sin
Charoen Textile Co.,
Ltd. : Thailand
Jong
Stit Co., Ltd. : Thailand
SALES [LOCAL]
The products are
sold locally to
wholesalers, retailers, manufacturers
and end-users.
EXPORT [COUNTRIES]
Dried fruits are
exported to India,
Russia, Malaysia, Republic
of China, Indonesia,
Taiwan and Hong Kong.
SUBSIDIARY
AND AFFILIATED COMPANY
The subject is
not found to have
any subsidiary or
affiliated company here
in Thailand.
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.
Imports are by
T/T.
Exports are against
T/T.
BANKING
Bangkok Bank Public
Company Limited
EMPLOYMENT
The
subject employs 14
staff.
LOCATION
DETAILS
The
premise is rented
for administrative office
and shop at
the heading address.
Premise is located
in commercial/residential area.
Branch:
748/54-55 Soi Petchkasem 3 Yaek 3, Petchkasem Rd., Watthaphra, Bangkokyai,
Bangkok 10600.
COMMENT
The subject posted
its slow sales
at the year
end December 31,
2016 compared to
the previous years. Sales
were stagnant due
to unfavorable conditions of
domestic consumption and
slow recovery in
overseas countries. With no
distinctive sign of
improvement from local
consumption or expansion
on its customer base, the
subject would inevitably encounter
a slow growth.
FINANCIAL
INFORMATION
The
capital was registered at Bht. 5,000,000 divided
into 50,000 shares
of Bht. 100 each
with fully paid-up.
THE
SHAREHOLDERS LISTED WERE
[As of
April 30, 2017]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Aman Pal
Singh Kalra Nationality: Thai Address : 1/69
Soi Patanaves 10,
Phrakanong Nua,
Wattana, Bangkok |
17,000 |
34.00 |
|
Mrs. Krishna Kalra Nationality: Thai Address : 1/71
Soi Patanaves 10,
Phrakanong Nua,
Wattana, Bangkok |
16,500 |
33.00 |
|
Mr. Nivit Kalra Nationality: Thai Address : 1/69
Soi Patanaves 10,
Phrakanong Nua, Wattana, Bangkok |
16,500 |
33.00 |
Total
Shareholders: 3
SHARE STRUCTURE
[As at April 30, 2017]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
3 |
50,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
50,000 |
100.00 |
NAME OF AUDITOR & CERTIFIED PUBLIC
ACCOUNTANT NO.
Ms. Sasima Aimwongsri No. 6145
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 |
1,516,179.53 |
447,452.29 |
198,669.31 |
|
Trade Accounts and
Other Receivable |
3,647,227.71 |
4,588,582.88 |
8,355,835.03 |
|
Inventories |
29,476,410.69 |
19,761,091.73 |
28,295,075.55 |
|
Other Current Assets
|
1,601,097.97 |
1,179,941.88 |
2,532,663.58 |
|
|
|
|
|
|
Total Current
Assets |
36,240,915.90 |
25,977,068.78 |
39,382,243.47 |
|
Property, Plant and
Equipment |
566,823.17 |
744,754.02 |
1,019,491.92 |
|
Intangible Assets |
16,208.74 |
23,008.54 |
29,808.34 |
|
Total Assets
|
36,823,947.81 |
26,744,831.37 |
40,431,543.73 |
LIABILITIES
& SHAREHOLDERS' EQUITY [BAHT]
|
Current Liabilities |
2016 |
2015 |
2014 |
|
|
|
|
|
|
Bank Overdraft &
Short-term Loan from Financial Institutions |
37,713.06 |
10,863,307.06 |
1,742,037.06 |
|
Trade Accounts and Other
Payable |
5,653,037.71 |
3,828.49 |
99,994.33 |
|
Current Portion of Long-term Liabilities |
- |
193,999.82 |
279,998.13 |
|
Short-term Loans |
- |
- |
26,300,469.30 |
|
Accrued Income Tax |
37,997.11 |
73,398.68 |
68,961.20 |
|
Other Current Liabilities |
283,694.76 |
505,676.97 |
87,733.33 |
|
|
|
|
|
|
Total Current
Liabilities |
6,012,442.64 |
11,640,211.02 |
28,579,193.35 |
|
Long-term Loans |
18,470,000.00 |
3,112,139.55 |
- |
|
Other Non-current Liabilities |
- |
- |
193,999.82 |
|
Total Liabilities |
24,482,442.64 |
14,752,350.57 |
28,773,193.17 |
|
|
|
|
|
|
Shareholders'
Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100 par
value Authorized, issued
and fully paid share capital
50,000 shares |
5,000,000.00 |
5,000,000.00 |
5,000,000.00 |
|
|
|
|
|
|
Capital Paid |
5,000,000.00 |
5,000,000.00 |
5,000,000.00 |
|
Retained Earning - Unappropriated
[Deficit] |
7,341,505.17 |
6,992,480.77 |
6,658,350.56 |
|
Total Shareholders' Equity |
12,341,505.17 |
11,992,480.77 |
11,658,350.56 |
|
Total Liabilities
& Shareholders' Equity |
36,823,947.81 |
26,744,831.34 |
40,431,543.73 |
PROFIT
& LOSS ACCOUNT
|
Revenue |
2016 |
2015 |
2014 |
|
|
|
|
|
|
Sales or Services Income |
33,140,831.27 |
45,852,305.42 |
57,970,299.61 |
|
Interest Income |
784.04 |
1,620.63 |
- |
|
Other Income |
528,271.42 |
613,765.49 |
1,001,316.84 |
|
Total Revenues
|
33,669,886.73 |
46,467,691.54 |
58,971,616.45 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold or Services |
28,434,003.54 |
40,931,423.36 |
53,959,503.41 |
|
Selling Expenses |
181,023.88 |
198,235.45 |
552,751.65 |
|
Administrative Expenses |
4,116,598.56 |
4,439,491.78 |
3,581,545.22 |
|
Total Expenses |
32,731,625.98 |
45,569,150.59 |
58,093,800.28 |
|
|
|
|
|
|
Profit / [Loss] before Finance
Costs & Income Tax |
938,260.75 |
898,540.95 |
877,816.17 |
|
Finance Costs |
[478,465.58] |
[408,212.06] |
[119,818.58] |
|
|
|
|
|
|
Profit / [Loss] before Income Tax |
459,795.17 |
490,328.89 |
757,997.59 |
|
Income Tax |
[110,770.77] |
[156,198.68] |
[177,871.88] |
|
Net Profit / [Loss] |
349,024.40 |
334,130.21 |
580,125.71 |
FINANCIAL
ANALYSIS
|
ITEM |
UNIT |
2016 |
2015 |
2014 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
6.03 |
2.23 |
1.38 |
|
QUICK RATIO |
TIMES |
0.86 |
0.43 |
0.30 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
58.47 |
61.57 |
56.86 |
|
TOTAL ASSETS TURNOVER |
TIMES |
0.90 |
1.71 |
1.43 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
378.38 |
176.22 |
191.40 |
|
INVENTORY TURNOVER |
TIMES |
0.96 |
2.07 |
1.91 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
40.17 |
36.53 |
52.61 |
|
RECEIVABLES TURNOVER |
TIMES |
9.09 |
9.99 |
6.94 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
72.57 |
0.03 |
0.68 |
|
CASH CONVERSION CYCLE |
DAYS |
345.98 |
212.71 |
243.33 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
85.80 |
89.27 |
93.08 |
|
SELLING & ADMINISTRATION |
% |
12.97 |
10.11 |
7.13 |
|
INTEREST |
% |
1.44 |
0.89 |
0.21 |
|
GROSS PROFIT MARGIN |
% |
15.80 |
12.07 |
8.65 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
2.83 |
1.96 |
1.51 |
|
NET PROFIT MARGIN |
% |
1.05 |
0.73 |
1.00 |
|
RETURN ON EQUITY |
% |
2.83 |
2.79 |
4.98 |
|
RETURN ON ASSET |
% |
0.95 |
1.25 |
1.43 |
|
EARNING PER SHARE |
BAHT |
6.98 |
6.68 |
11.60 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.66 |
0.55 |
0.71 |
|
DEBT TO EQUITY RATIO |
TIMES |
1.98 |
1.23 |
2.47 |
|
TIME INTEREST EARNED |
TIMES |
1.96 |
2.20 |
7.33 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(27.72) |
(20.90) |
|
|
OPERATING PROFIT |
% |
4.42 |
2.36 |
|
|
NET PROFIT |
% |
4.46 |
(42.40) |
|
|
FIXED ASSETS |
% |
(23.89) |
(26.95) |
|
|
TOTAL ASSETS |
% |
37.69 |
(33.85) |
|
ANNUAL GROWTH :
SATISFACTORY
An annual sales growth is -27.72%. Turnover has decreased from THB
45,852,305.42 in 2015 to THB 33,140,831.27 in 2016. While net profit has increased
from THB 334,130.21 in 2015 to THB 349,024.40 in 2016. And total assets has
increased from THB 26,744,831.34 in 2015 to THB 36,823,947.81 in 2016.
PROFITABILITY :
SATISFACTORY
PROFITABILITY RATIO
|
Gross Profit Margin |
15.80 |
Impressive |
Industrial
Average |
7.84 |
|
Net Profit Margin |
1.05 |
Satisfactory |
Industrial
Average |
1.91 |
|
Return on Assets |
0.95 |
Acceptable |
Industrial
Average |
2.93 |
|
Return on Equity |
2.83 |
Acceptable |
Industrial
Average |
7.39 |
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 15.8%. 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. The company's figure is 1.05%.
When compared with the industry average, the ratio of the company was lower.
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. When compared with the
industry average, it was lower, the company's figure is 0.95%.
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 2.83%.
Trend of the
average competitors in the same industry for last 5 years
Return on Assets Uptrend
Return on Equity Uptrend
LIQUIDITY :
ACCEPTABLE
LIQUIDITY RATIO
|
Current Ratio |
6.03 |
Impressive |
Industrial
Average |
1.76 |
|
Quick Ratio |
0.86 |
|
|
|
|
Cash Conversion Cycle |
345.98 |
|
|
|
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 6.03 times in 2016, increase from 2.23 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 0.86 times in 2016,
increase from 0.43 times, by excluding inventory, the company may have problems
meeting current liabilities.
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 346 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE :
ACCEPTABLE
LEVERAGE RATIO
|
Debt Ratio |
0.66 |
Acceptable |
Industrial
Average |
0.56 |
|
Debt to Equity Ratio |
1.98 |
Risky |
Industrial
Average |
1.29 |
|
Times Interest Earned |
1.96 |
Impressive |
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 higher the percentage means that the company is using less
equity and has stronger leverage position.
Times Interest Earned measuring a company's ability to meet its debt
obligations. Ratio is 1.97 higher than 1, so the company can pay interest
expenses on outstanding debt.
Debt Ratio shows the proportion of a company's assets which are financed
through debt. The company's figure is 0.66 greater than 0.5, most of the
company's assets are financed through debt.
Trend of the average
competitors in the same industry for last 5 years
Debt Ratio Downtrend
Times Interest Earned Stable
ACTIVITY :
IMPRESSIVE
ACTIVITY RATIO
|
Fixed Assets Turnover |
58.47 |
Impressive |
Industrial
Average |
- |
|
Total Assets Turnover |
0.90 |
Satisfactory |
Industrial
Average |
1.54 |
|
Inventory Conversion Period |
378.38 |
|
|
|
|
Inventory Turnover |
0.96 |
Acceptable |
Industrial
Average |
3.17 |
|
Receivables Conversion Period |
40.17 |
|
|
|
|
Receivables Turnover |
9.09 |
Impressive |
Industrial
Average |
3.41 |
|
Payables Conversion Period |
72.57 |
|
|
|
The company's Account Receivable Ratio is calculated as 9.09 and 9.99 in
2016 and 2015 respectively. This ratio measures the efficiency of the company in
managing its trade debtors to generate revenue. A lower ratio may indicate over
extension and collection problems. Conversely, a higher ratio may indicate an
overtly stringent policy. In this case, the company's A/R ratio in 2016
decreased from 2015. This would suggest the company had deteriorated in the
management of its debt collections.
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 176 days at the
end of 2015 to 378 days at the end of 2016. This represents a negative trend.
And Inventory turnover has decreased from 2.07 times in year 2015 to 0.96 times
in year 2016.
The company's Total Asset Turnover is calculated as 0.9 times and 1.71
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 Downtrend
Inventory Turnover Downtrend
Receivables Turnover Uptrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.91 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.71 |
|
Thai Baht |
1 |
INR 2.06 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
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.