|
|
|
MIRA INFORM REPORT
|
Report No. : |
495463 |
|
Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
J. CHAREON MARKETING COMPANY LIMITED |
|
|
|
|
Registered Office : |
581 Nonsee Road,
Chongnonsee, Yannawa, Bangkok 10120 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
02.06.1986 |
|
|
|
|
Com. Reg. No.: |
0105529018385 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
The subject is
engaged in manufacturing, distributing and
exporting tapioca starch
for various industries
such as textiles,
plywood, papers, adhesives,
foods and beverage
and etc. |
|
|
|
|
No. of Employees : |
204 |
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 : |
Slow but correct |
|
|
|
|
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
J. CHAREON MARKETING COMPANY
LIMITED
SUMMARY
BUSINESS ADDRESS : 581
NONSEE ROAD, CHONGNONSEE, YANNAWA,
BANGKOK 10120, THAILAND
TELEPHONE : [66] 2681-8444-7,
2681-8060-2
FAX : [66] 2681-8069
E-MAIL ADDRESS : sales@thaitapiocastarch.com
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 1986
REGISTRATION NO. : 0105529018385
TAX ID NO. : 3101394016
CAPITAL REGISTERED : BHT.
300,000,000
CAPITAL PAID-UP : BHT.
300,000,000
SHAREHOLDER’S PROPORTION : THAI
: 98.67%
CHINESE :
1.33%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED COMPANY
EXECUTIVE : MR.
SOMSAK KAJOHNCHALEARMSAK, THAI
MANAGING DIRECTOR
NO. OF STAFF : 204
LINES OF BUSINESS : TAPIOCA STARCH
MANUFACTURER, DISTRIBUTOR
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 June
2, 1986 as
a private limited
company under the
registered name J. CHAREON MARKETING
COMPANY LIMITED, by
Thai and Chinese groups, with
the business objective
to manufacture and
distribute tapioca starch
to both domestic
and international markets.
It currently employs
204 staff.
The subject’s registered
address is 581
Nonsee Road, Chongnonsee,
Yannawa, Bangkok 10120,
and this is
the subject’s current
operation address.
THE BOARD OF
DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Ung Meng Chua |
|
Chinese |
97 |
|
Mr. Chumphol Kajohnchalearmsak |
|
Thai |
66 |
|
Mr. Kriengkrai
Kajohnchalearmsak |
|
Thai |
58 |
|
Mr. Somsak Kajohnchalearmsak |
|
Thai |
55 |
|
Mr. Narin Kajohnchalearmsak |
|
Thai |
49 |
|
Ms. Mallika Muttananthakul |
|
Thai |
72 |
AUTHORIZED PERSON
Any two of
the above directors
can jointly sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Mr. Somsak Kajohnchalearmsak is
the Managing Director.
He is Thai
nationality with the
age of 55
years old.
Mr. Narin Kajohnchalearmsak is
the Deputy Managing
Director.
He is Thai
nationality with the
age of 49
years old.
BUSINESS OPERATIONS
The subject is
engaged in manufacturing, distributing
and exporting tapioca
starch for various
industries such as textiles, plywood,
papers, adhesives, foods
and beverage and
etc.
PRODUCTION CAPACITY
450 tons per
annum
PURCHASE
100% of raw
materials is purchased
from local suppliers.
SALES
85% of the
products is sold
locally by wholesale
to manufacturers and
end-users, the remaining
15% is exported
to Singapore, Indonesia,
Malaysia, Philippines, Japan,
and Hong Kong.
RELATED AND AFFILIATED
COMPANY
Chol Charoen Co.,
Ltd.
Business Type :
Manufacturer of tapioca
starch
Kaen Charoen Co.,
Ltd.
Business Type :
Manufacturer of tapioca
starch
Srakaew Charoen Co.,
Ltd.
Business Type :
Manufacturer of tapioca
starch
S.C. Industry Co.,
Ltd.
Business Type :
Manufacturer of tapioca
starch
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
Kasikornbank Public Company
Limited
EMPLOYMENT
The subject currently
employs 204 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
399 Moo 1, T.
Thart, A. Chiangkan, Loei
42110.
Tel. [66] 42
854-298, Fax. [66]
42 854-299.
Note:
Refer to your
given the subject’s
name “CHAROEN MARKETING
CO., LTD.”, please
be informed that
the correct registered
name is “J. CHAREON
MARKETING COMPANY LIMITED”.
COMMENT
The subject’s operating
performance in 2016
was slowdown from
a decrease in
both sales or
service income and
net profit comparing
to the previous
year caused by
a decrease in
consumption of tapioca
starch from both local
and overseas industries.
Nevertheless, it was
able to maintain a
net profit. Generally,
it operates a
moderate business.
FINANCIAL INFORMATION
The capital was
registered at Bht. 3,000,000 divided
into 3,000 shares
of Bht. 1,000
each with fully
paid.
The capital was
increased later as
follows:
Bht. 10,000,000
on January 3,
1995
Bht. 50,000,000
on May 15,
1998
Bht. 100,000,000
on March 14,
2005
Bht. 300,000,000
on December 24,
2010
The latest registered
capital was increased
to Bht. 300,000,000
divided into 300,000
shares of Bht. 1,000
each with fully
paid.
THE SHAREHOLDERS LISTED
WERE : [as
at April 30,
2017]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mrs. Somjit Kajohnchalearmsak Nationality: Thai Address : 399
Moo 1, T. Thart,
A. Chiangkan, Loei |
71,208 |
23.74 |
|
Mr. Chumphol Kajohnchalearmsak Nationality: Thai Address : 261
Moo 10, T. Huanakam, A. Kranuan, Khon Kaen |
58,458 |
19.49 |
|
Mr. Kriengkrai
Kajohnchalearmsak Nationality: Thai Address : 40
Moo 4, T. Bankaeng, A. Muang, Srakaew |
58,458 |
19.49 |
|
Mr. Narin Kajohnchalearmsak Nationality: Thai Address : 204
Moo 3, T. Nongsaak, A. Banbung, Chonburi |
58,458 |
19.49 |
|
Mrs. Jutharat Sae-ung Nationality: Thai Address : 199
Moo 1, T. Klongsomboon, A.
Klongklung, Kampaengphet |
25,458 |
8.48 |
|
Ms. Mallika Muttananthakul Nationality: Thai Address : 28
Soi Rama 3 Soi
27, Bangpongpang,
Yannawa, Bangkok |
23,960 |
7.98 |
|
Mr. Ung Meng Chua Nationality: Chinese Address : 204
Moo 3, T. Nongsaak, A. Banbung, Chonburi |
4,000 |
1.33 |
Total Shareholders : 7
Share Structure [as
at April 30,
2017]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
6 |
296,000 |
98.67 |
|
Foreign - Chinese |
1 |
4,000 |
1.33 |
|
Total |
7 |
300,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mr. Saichol Ruengrung No.
5158
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 |
57,311,119.22 |
36,884,298.09 |
31,348,146.60 |
|
Trade Accounts and
Other Receivable |
90,118,615.46 |
109,055,125.86 |
94,149,990.43 |
|
Inventories |
95,080,100.60 |
73,299,192.89 |
195,018,627.71 |
|
Other Current Assets |
939,455.85 |
1,082,494.50 |
1,114,802.79 |
|
Total Current Assets
|
243,449,291.13 |
220,321,111.34 |
321,631,567.53 |
|
|
|
|
|
|
Property, Plant and
Equipment |
222,604,663.97 |
210,447,657.76 |
204,874,195.44 |
|
Other Non-current Assets |
1,744,954.44 |
3,665,381.51 |
5,521,790.75 |
|
Total Assets |
467,798,909.54 |
434,434,150.61 |
532,027,553.72 |
LIABILITIES & SHAREHOLDERS' EQUITY [BAHT]
|
Current Liabilities |
2016 |
2015 |
2014 |
|
|
|
|
|
|
Trade Accounts and Other Payable |
25,031,305.11 |
17,677,382.17 |
16,797,280.98 |
|
Accrued Income Tax |
- |
424,695.92 |
- |
|
Other Current Liabilities |
2,981,864.55 |
2,571,337.59 |
6,017,910.94 |
|
Total Current Liabilities |
28,013,169.66 |
20,673,415.68 |
22,815,191.92 |
|
|
|
|
|
|
Long-term Loan |
111,910,586.82 |
86,910,586.82 |
194,410,586.82 |
|
Total Liabilities |
139,923,756.48 |
107,584,002.50 |
217,225,778.74 |
|
|
|
|
|
|
Shareholders’ Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 1,000
par value authorized, and
issued share capital
300,000 shares
|
300,000,000.00 |
300,000,000.00 |
300,000,000.00 |
|
Capital Paid |
300,000,000.00 |
300,000,000.00 |
300,000,000.00 |
|
Retained Earning -Unappropriated [Deficit] |
27,875,153.06 |
26,850,148.11 |
14,801,774.98 |
|
Total Shareholders’ Equity |
327,875,153.06 |
326,850,148.11 |
314,801,774.98 |
|
Total Liabilities and
Shareholders’ Equity |
467,798,909.54 |
434,434,150.61 |
532,027,553.72 |
PROFIT & LOSS
ACCOUNT
|
Revenue |
2016 |
2015 |
2014 |
|
|
|
|
|
|
Sales or Services Income |
648,882,171.82 |
781,499,913.95 |
694,314,817.43 |
|
Other Income |
840,789.36 |
5,392,510.16 |
2,296,121.93 |
|
Total Revenues |
649,722,961.18 |
786,892,424.11 |
696,610,939.36 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold or Services |
622,474,242.17 |
750,383,554.89 |
670,089,218.29 |
|
Selling Expenses |
10,115,148.72 |
9,920,259.15 |
6,148,874.30 |
|
Administrative Expenses |
9,482,617.21 |
8,488,308.84 |
4,668,224.11 |
|
Other Expenses |
6,295,347.47 |
2,692,765.29 |
2,612,591.59 |
|
Total Expenses |
648,367,355.57 |
771,484,888.17 |
683,518,908.29 |
|
|
|
|
|
|
Profit /[Loss] before
Financial Cost and Income Tax |
1,355,605.61 |
15,407,535.94 |
13,092,031.07 |
|
Financial Cost |
- |
[143,481.93] |
[309.40] |
|
|
|
|
|
|
Profit /[Loss] before Income
Tax |
1,355,605.61 |
15,264,054.01 |
13,091,721.67 |
|
Income Tax |
[330,600.66] |
[3,215,680.88] |
[2,882,308.38] |
|
Net Profit / [Loss] |
1,025,004.95 |
12,048,373.13 |
10,209,413.29 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2016 |
2015 |
2014 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
8.69 |
10.66 |
14.10 |
|
QUICK RATIO |
TIMES |
5.26 |
7.06 |
5.50 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
2.91 |
3.71 |
3.39 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.39 |
1.80 |
1.31 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
55.75 |
35.65 |
106.23 |
|
INVENTORY TURNOVER |
TIMES |
6.55 |
10.24 |
3.44 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
50.69 |
50.93 |
49.49 |
|
RECEIVABLES TURNOVER |
TIMES |
7.20 |
7.17 |
7.37 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
14.68 |
8.60 |
9.15 |
|
CASH CONVERSION CYCLE |
DAYS |
91.77 |
77.99 |
146.57 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
95.93 |
96.02 |
96.51 |
|
SELLING & ADMINISTRATION |
% |
3.02 |
2.36 |
1.56 |
|
INTEREST |
% |
- |
0.02 |
0.00 |
|
GROSS PROFIT MARGIN |
% |
4.20 |
4.67 |
3.82 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
0.21 |
1.97 |
1.89 |
|
NET PROFIT MARGIN |
% |
0.16 |
1.54 |
1.47 |
|
RETURN ON EQUITY |
% |
0.31 |
3.69 |
3.24 |
|
RETURN ON ASSET |
% |
0.22 |
2.77 |
1.92 |
|
EARNING PER SHARE |
BAHT |
3.42 |
40.16 |
34.03 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.30 |
0.25 |
0.41 |
|
DEBT TO EQUITY RATIO |
TIMES |
0.43 |
0.33 |
0.69 |
|
TIME INTEREST EARNED |
TIMES |
- |
107.38 |
42,314.26 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(16.97) |
12.56 |
|
|
OPERATING PROFIT |
% |
(91.20) |
17.69 |
|
|
NET PROFIT |
% |
(91.49) |
18.01 |
|
|
FIXED ASSETS |
% |
5.78 |
2.72 |
|
|
TOTAL ASSETS |
% |
7.68 |
(18.34) |
|
ANNUAL GROWTH :
ACCEPTABLE
An annual sales growth is -16.97%. Turnover has decreased from THB
PROFITABILITY :
RISKY
PROFITABILITY
RATIO
|
Gross Profit Margin |
4.20 |
Deteriorated |
Industrial Average |
19.57 |
|
Net Profit Margin |
0.16 |
Deteriorated |
Industrial Average |
3.51 |
|
Return on Assets |
0.22 |
Deteriorated |
Industrial Average |
4.26 |
|
Return on Equity |
0.31 |
Deteriorated |
Industrial Average |
10.34 |
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 4.2%. 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 0.16%.
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 0.22%.
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 0.31%.
Trend of the average
competitors in the same industry for last 5 years
Return on Assets Uptrend
Return on Equity Uptrend
LIQUIDITY :
SATISFACTORY
LIQUIDITY RATIO
|
Current Ratio |
8.69 |
Impressive |
Industrial Average |
0.93 |
|
Quick Ratio |
5.26 |
|
|
|
|
Cash Conversion Cycle |
91.77 |
|
|
|
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 8.69 times in 2016, decrease from 10.66 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 5.26 times in 2016,
decrease from 7.06 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 92 days.
Trend of the average
competitors in the same industry for last 5 years
Current Ratio Downtrend
LEVERAGE :
EXCELLENT
LEVERAGE RATIO
|
Debt Ratio |
0.30 |
Impressive |
Industrial Average |
0.57 |
|
Debt to Equity Ratio |
0.43 |
Impressive |
Industrial Average |
1.33 |
|
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 0.3 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 Downtrend
Times Interest Earned Stable
ACTIVITY :
IMPRESSIVE
ACTIVITY RATIO
|
Fixed Assets Turnover |
2.91 |
Impressive |
Industrial Average |
- |
|
Total Assets Turnover |
1.39 |
Impressive |
Industrial Average |
1.21 |
|
Inventory Conversion Period |
55.75 |
|
|
|
|
Inventory Turnover |
6.55 |
Impressive |
Industrial Average |
6.40 |
|
Receivables Conversion Period |
50.69 |
|
|
|
|
Receivables Turnover |
7.20 |
Satisfactory |
Industrial Average |
8.07 |
|
Payables Conversion Period |
14.68 |
|
|
|
The company's Account Receivable Ratio is calculated as 7.20 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 36 days at the
end of 2015 to 56 days at the end of 2016. This represents a negative trend.
And Inventory turnover has decreased from 10.24 times in year 2015 to 6.55
times in year 2016.
The company's Total Asset Turnover is calculated as 1.39 times and 1.8
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 64.96 |
|
|
1 |
INR 90.34 |
|
Euro |
1 |
INR 80.75 |
|
Thai Baht |
1 |
INR 2.08 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
TPT |
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.