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|
MIRA INFORM REPORT
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Report No. : |
483769 |
|
Report Date : |
02.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ZING WHORTHAI CO., LTD. |
|
|
|
|
Registered Office : |
69/3 Moo 1,
Sukhumvit Road, T. Nongplalai, A. Banglamung, Chonburi 20150 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
30.11.2016 |
|
|
|
|
Date of Incorporation : |
21.12.2005 |
|
|
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Com. Reg. No.: |
0205548034543 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
The subject is
engaged in exporting
and distributing recycled
plastic products with
the volume for
export and distribution at
200,000-300,000 tons per
annum. |
|
|
|
|
No. of Employees : |
300 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
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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
|
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 sustained strong growth and 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.
Growth has slowed in the last few years, however, due to domestic
political turmoil and sluggish global demand. Nevertheless, 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, Thailand faces labor shortages, and domestic debt
levels, political uncertainty, and an aging population pose risks to growth.
|
Source
: CIA |
Company
name
ZING WHORTHAI CO., LTD.
SUMMARY
BUSINESS ADDRESS : 69/3
MOO 1, SUKHUMVIT
ROAD, T. NONGPLALAI,
A.
BANGLAMUNG, CHONBURI 20150,
THAILAND
TELEPHONE : [66] 38
223-736, 38 223-955,
081 723-3016,
081
989-4561
FAX : [66] 38
223-596, 38 223-736
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 2005
REGISTRATION NO. : 0205548034543
TAX ID NO. : 3032061605
CAPITAL REGISTERED : BHT.
380,000,000
CAPITAL PAID-UP : BHT.
380,000,000
SHAREHOLDER’S PROPORTION : THAI
: 90.66%
CHINESE :
9.34%
FISCAL YEAR CLOSING DATE : NOVEMBER 30
LEGAL STATUS : PRIVATE LIMITED COMPANY
EXECUTIVE : MRS. IH-LO SAEPHRONG,
THAI
MANAGING DIRECTOR
NO. OF STAFF : 300
LINES OF BUSINESS : RECYCLED PLASTICS
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 December
21, 2005 as
a private limited
company under the registered
name ZING WHORTHAI
CO., LTD. by Thai
and Chinese groups
with the business objective
to distribute various
kinds of recycled
plastic products to
both domestic and
international markets. It
currently employs approximately
300 staff.
The subject’s registered
address is 69/3
Moo 1, Sukhumvit
Rd., T. Nongplalai, A. Banglamung, Chonburi
20150, and this
is the subject’s
current operation address.
THE
BOARD OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mrs. Ih-lo Saephrong |
|
Thai |
48 |
|
Mr. Rachan Ratpittayawut |
|
Thai |
33 |
AUTHORIZED
PERSON
One of the
above directors can
sign on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mrs. Ih-lo Saephrong is
the Managing Director.
She is Thai
nationality with the
age of 48
years old.
BUSINESS
OPERATIONS
The subject is engaged in
exporting and distributing recycled
plastic products with
the volume for
export and distribution
at 200,000-300,000 tons
per annum.
PURCHASE
Raw materials mainly
variety of plastic
scraps are purchased
from local individual
and industrial plant.
SALES
95% of the
products is exported
to Republic of China, Taiwan,
India, Malaysia, Japan,
Korea, Myanmar and
the country in
Europe, the remaining
5% is sold
locally.
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 to 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
EMPLOYMENT
The subject employs
approximately 300 office
staff and workers.
LOCATION
DETAILS
The premise is
owned for administrative office
and warehouse on
56,000 square meters
plot of land,
at the heading
address. Premise is
located in provincial.
COMMENT
Subject reported a
decrease in both
sales income and
net profit as of
November 30, 2016 comparing to the previous year
mainly due to
slow economy, less expansion
and slow investment from
related industries, which
resulted to a
decline in consumption
of recycled plastics
products. Nevertheless, it
operates a moderate
business in amidst
of unfavourable factors.
FINANCIAL
INFORMATION
The capital was registered at Bht 6,000,000 divided into 60,000 shares
of Bht. 100 each with fully paid.
The capital was increased later as follows:
Bht. 15,000,000
on June 13,
2008
Bht. 30,000,000
on October 22,
2010
Bht. 300,000,000
on September 24,
2012
Bht. 380,000,000
on November 6,
2013
The latest registered
capital was increased
to Bht. 380,000,000 divided
into 3,800,000 shares
of Bht. 100 each
with fully paid.
THE
SHAREHOLDERS LISTED WERE
[As at June
19, 2017]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Chee Saephrong Nationality: Thai Address : 3/91
Moo 9, T. Nongplalai, A. Banglamung, Chonburi |
1,000,000 |
26.31 |
|
Mrs. Ih-Lo Saephrong Nationality: Thai Address : 3/91 Moo
9, T. Nongplalai, A. Banglamung, Chonburi |
962,600 |
25.33 |
|
Mr. Kaoching Saelee Nationality: Thai Address : 32/32 Moo
8, T. Nongplalai, A. Banglamung, Chonburi |
640,600 |
16.86 |
|
Ms. Jitlada Saephrong Nationality: Thai Address : 3/91
Moo 9, T. Nongplalai, A. Banglamung, Chonburi |
440,000 |
11.58 |
|
Mr. Wittaya Saephrong Nationality: Thai Address : 3/91
Moo 9, T. Nongplalai, A. Banglamung, Chonburi |
400,000 |
10.52 |
|
Ningbo Dafa Chemical
Fiber Co., Ltd. Nationality: Chinese Address : Ningbo,
Republic of China |
355,000 |
9.34 |
|
Ms. Jinatta Phisitphanuphat Nationality: Thai Address : 149/41
Moo 1, T. Nongprue, A.
Banglamung, Chonburi |
600 |
0.02 |
|
Ms. Punnee Chuensirisuntorn Nationality: Thai Address : 143/1
Moo 2, T. Pongngam, A. Maesai,
Chiangrai |
600 |
0.02 |
|
Ms. Srinuan Kruebkontho Nationality: Thai Address : 51
Moo 1, T. Khaomaikaew, A. Banglamung, Chonburi |
600 |
0.02 |
Total Shareholders : 9
Share
Structure
[As at June 19,
2017]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
8 |
3,445,000 |
90.66 |
|
Foreign - Chinese |
1 |
355,000 |
9.34 |
|
Total |
9 |
3,800,000 |
100.00 |
NAME OF AUDITOR & CERTIFIED PUBLIC
ACCOUNTANT NO.
Mrs. Samorn Rungrangsang No.
1694
BALANCE
SHEET [BAHT]
The latest financial
figures published for
November 30, 2016,
2015 and 2014
were:
ASSETS
|
Current Assets |
2016 |
2015 |
2014 |
|
|
|
|
|
|
Cash and Cash Equivalents |
32,646,227.95 |
6,112,297.79 |
13,233,464.77 |
|
Trade Accounts and
Other Receivable |
535,675,942.58 |
584,064,300.65 |
515,291,566.71 |
|
Inventories |
283,976,900.09 |
69,008,955.51 |
49,800,231.17 |
|
Revenue Department Receivable |
- |
- |
1,895,886.00 |
|
Premature Business Tax |
- |
- |
6,615,676.96 |
|
Other Current Assets |
8,964,476.34 |
6,488,554.49 |
257,043.23 |
|
Total Current Assets
|
861,263,546.96 |
665,674,108.44 |
587,093,868.84 |
|
|
|
|
|
|
Property, Plant and
Equipment |
288,575,289.86 |
262,332,597.10 |
253,423,635.48 |
|
Intangible Assets |
152,734.27 |
65,022.22 |
57,380.40 |
|
Other Non-current Assets |
514,215.85 |
252,232.99 |
561,874.70 |
|
Total Assets |
1,150,505,786.94 |
928,323,960.75 |
841,136,759.42 |
LIABILITIES & SHAREHOLDERS' EQUITY [BAHT]
|
Current Liabilities |
2016 |
2015 |
2014 |
|
|
|
|
|
|
Bank Overdraft and Short-term Loan From Financial Institutions |
91,228,923.54 |
52,579,703.09 |
66,117,975.07 |
|
Trade Accounts and Other
Payable |
54,983,724.27 |
40,575,831.42 |
32,562,152.71 |
|
Current Portion of Long-term Liabilities |
7,434,642.00 |
7,640,662.00 |
- |
|
Current Portion of Financial Lease Contract Liabilities |
- |
- |
3,510,332.00 |
|
Accrued Income Tax |
848,260.95 |
1,001,894.59 |
1,062,281.73 |
|
Other Current Liabilities |
1,115,106.09 |
755,665.98 |
1,353,969.80 |
|
Total Current Liabilities |
155,610,656.85 |
102,553,757.08 |
104,606,711.31 |
|
|
|
|
|
|
Long-term Loan |
567,100,000.00 |
398,400,000.00 |
333,600,000.00 |
|
Other Non-current Liabilities |
17,956,136.00 |
20,971,189.00 |
2,463,688.00 |
|
Total Liabilities |
740,666,792.85 |
521,924,946.08 |
440,670,399.31 |
|
|
|
|
|
|
Shareholders’ Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
value authorized, and
issued share capital
3,800,000 shares
|
380,000,000.00 |
380,000,000.00 |
380,000,000.00 |
|
Capital Paid |
380,000,000.00 |
380,000,000.00 |
380,000,000.00 |
|
Retained Earning -Unappropriated [Deficit] |
29,838,994.09 |
26,399,014.67 |
20,466,360.11 |
|
Total Shareholders’ Equity |
409,838,994.09 |
406,399,014.67 |
400,466,360.11 |
|
Total Liabilities and
Shareholders’ Equity |
1,150,505,786.94 |
928,323,960.75 |
841,136,759.42 |
PROFIT
& LOSS ACCOUNT
|
Revenue |
2016 |
2015 |
2014 |
|
|
|
|
|
|
Sales or Services Income |
2,737,517,361.51 |
3,036,769,927.98 |
3,994,893,979.40 |
|
Other Income |
31,645,883.83 |
71,855,749.61 |
60,152,113.78 |
|
Total Revenues |
2,769,163,245.34 |
3,108,625,677.59 |
4,055,046,093.18 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold or Services |
2,627,325,889.49 |
2,957,298,941.33 |
3,890,113,194.28 |
|
Selling Expenses |
69,881,180.83 |
88,927,037.28 |
106,672,388.80 |
|
Administrative Expenses |
58,749,611.83 |
50,702,743.52 |
44,855,966.45 |
|
Total Expenses |
2,755,956,682.15 |
3,096,928,722.13 |
4,041,641,549.53 |
|
|
|
|
|
|
Profit /[Loss] before
Financial Cost and Income Tax |
13,206,563.19 |
11,696,955.46 |
13,404,543.65 |
|
Financial Cost |
[7,715,955.77] |
[3,561,084.90] |
[3,626,130.72] |
|
|
|
|
|
|
Profit /[Loss] before Income
Tax |
5,490,607.42 |
8,135,870.56 |
9,778,412.93 |
|
Income Tax |
[2,050,628.00] |
[2,203,216.00] |
[2,767,914.00] |
|
Net Profit / [Loss] |
3,439,979.42 |
5,932,654.56 |
7,010,498.93 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2016 |
2015 |
2014 |
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
5.53 |
6.49 |
5.61 |
|
QUICK RATIO |
TIMES |
3.65 |
5.75 |
5.05 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
9.49 |
11.58 |
15.76 |
|
TOTAL ASSETS TURNOVER |
TIMES |
2.38 |
3.27 |
4.75 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
39.45 |
8.52 |
4.67 |
|
INVENTORY TURNOVER |
TIMES |
9.25 |
42.85 |
78.11 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
71.42 |
70.20 |
47.08 |
|
RECEIVABLES TURNOVER |
TIMES |
5.11 |
5.20 |
7.75 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
7.64 |
5.01 |
3.06 |
|
CASH CONVERSION CYCLE |
DAYS |
103.24 |
73.71 |
48.70 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
95.97 |
97.38 |
97.38 |
|
SELLING & ADMINISTRATION |
% |
4.70 |
4.60 |
3.79 |
|
INTEREST |
% |
0.28 |
0.12 |
0.09 |
|
GROSS PROFIT MARGIN |
% |
5.18 |
4.98 |
4.13 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
0.48 |
0.39 |
0.34 |
|
NET PROFIT MARGIN |
% |
0.13 |
0.20 |
0.18 |
|
RETURN ON EQUITY |
% |
0.84 |
1.46 |
1.75 |
|
RETURN ON ASSET |
% |
0.30 |
0.64 |
0.83 |
|
EARNING PER SHARE |
BAHT |
0.91 |
1.56 |
1.84 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.64 |
0.56 |
0.52 |
|
DEBT TO EQUITY RATIO |
TIMES |
1.81 |
1.28 |
1.10 |
|
TIME INTEREST EARNED |
TIMES |
1.71 |
3.28 |
3.70 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(9.85) |
(23.98) |
|
|
OPERATING PROFIT |
% |
12.91 |
(12.74) |
|
|
NET PROFIT |
% |
(42.02) |
(15.37) |
|
|
FIXED ASSETS |
% |
10.00 |
3.52 |
|
|
TOTAL ASSETS |
% |
23.93 |
10.37 |
|
ANNUAL GROWTH:
SATISFACTORY
An annual sales growth is -9.85%. Turnover has decreased from THB
PROFITABILITY:
SATISFACTORY
PROFITABILITY
RATIO
|
Gross Profit Margin |
5.18 |
Acceptable |
Industrial Average |
16.39 |
|
Net Profit Margin |
0.13 |
Satisfactory |
Industrial Average |
0.18 |
|
Return on Assets |
0.30 |
Satisfactory |
Industrial Average |
0.50 |
|
Return on Equity |
0.84 |
Satisfactory |
Industrial Average |
1.45 |
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. The company's figure is 5.18%. When
compared with the industry average, the ratio of the company was lower. This
indicated that company may have problems with control over its costs.
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 0.13%.
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 0.3%.
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 0.84%.
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 |
5.53 |
Impressive |
Industrial Average |
1.42 |
|
Quick Ratio |
3.65 |
|
|
|
|
Cash Conversion Cycle |
103.24 |
|
|
|
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 5.53 times in 2016, decrease from 6.49 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 3.65 times in 2016,
decrease from 5.75 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 104 days.
Trend of the average
competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE :
IMPRESSIVE
LEVERAGE RATIO
|
Debt Ratio |
0.64 |
Impressive |
Industrial Average |
0.66 |
|
Debt to Equity Ratio |
1.81 |
Acceptable |
Industrial Average |
1.94 |
|
Times Interest Earned |
1.71 |
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 1.72 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 0.64 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 Uptrend
Times Interest Earned Stable
ACTIVITY:
IMPRESSIVE
ACTIVITY RATIO
|
Fixed Assets Turnover |
9.49 |
Impressive |
Industrial Average |
- |
|
Total Assets Turnover |
2.38 |
Satisfactory |
Industrial Average |
2.82 |
|
Inventory Conversion Period |
39.45 |
|
|
|
|
Inventory Turnover |
9.25 |
Impressive |
Industrial Average |
6.13 |
|
Receivables Conversion Period |
71.42 |
|
|
|
|
Receivables Turnover |
5.11 |
Satisfactory |
Industrial Average |
7.73 |
|
Payables Conversion Period |
7.64 |
|
|
|
The company's Account Receivable Ratio is calculated as 5.11 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 9 days at the end
of 2015 to 39 days at the end of 2016. This represents a negative trend. And
Inventory turnover has decreased from 42.85 times in year 2015 to 9.25 times in
year 2016.
The company's Total Asset Turnover is calculated as 2.38 times and 3.27
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 63.67 |
|
|
1 |
INR 85.90 |
|
Euro |
1 |
INR 76.41 |
|
Thai Baht |
1 |
INR 1.96 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
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.