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MIRA INFORM REPORT
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Report No. : |
507834 |
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Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
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Name : |
PETRO RAMAN ASIA COMPANY |
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Registered Office : |
Unit 10, 5th Floor, No. 2, 13th St, Sasan
St, Velenjak Ave, Tehran, Iran |
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Country : |
Iran |
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Date of Incorporation : |
20.06.2017 |
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Com. Reg. No.: |
511258 |
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Legal Form : |
Private Join Stock Company |
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Line of Business : |
Exporter of oil products such as
bitumen, base oil, slag wax, furfuran and paraffin wax |
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No. of Employees : |
10 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Iran |
B1 |
B1 |
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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 |
IRAN - ECONOMIC OVERVIEW
Iran's economy is marked by statist policies, inefficiencies, and reliance on oil and gas exports, but Iran also possesses significant agricultural, industrial, and service sectors. The Iranian government directly owns and operates hundreds of state-owned enterprises and indirectly controls many companies affiliated with the country's security forces. Distortions - including corruption, price controls, subsidies, and a banking system holding billions of dollars of non-performing loans - weigh down the economy, undermining the potential for private-sector-led growth.
Private sector activity includes small-scale workshops, farming, some manufacturing, and services, in addition to medium-scale construction, cement production, mining, and metalworking. Significant informal market activity flourishes and corruption is widespread.
The lifting of most nuclear-related sanctions under the Joint Comprehensive Plan of Action (JCPOA) in January 2016 sparked a restoration of Iran’s oil production and revenue that drove rapid GDP growth, but economic growth declined in 2017 as oil production plateaued. The economy continues to suffer from low levels of investment and declines in productivity since before the JCPOA, and from high levels of unemployment, especially among women and college-educated Iranian youth.
In May 2017, the re-election of President Hasan RUHANI generated widespread public expectations that the economic benefits of the JCPOA would expand and reach all levels of society. RUHANI will need to implement structural reforms that strengthen the banking sector and improve Iran’s business climate to attract foreign investment and encourage the growth of the private sector. Sanctions that are not related to Iran’s nuclear program remain in effect, and these—plus fears over the possible re-imposition of nuclear-related sanctions—will continue to deter foreign investors from engaging with Iran.
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Source
: CIA |
COMMENTS
ON ORIGINAL INVESTIGATION DETAILS
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INDICATE ANY CHANGES REGARDING
YOUR FINDINGS AGAINS THE DETAILS GIVEN IN OUR ORDER |
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The subject refused us. Auditor: Mrs. Zeynab Ahmadi Solicitor: Mr. Mohammadreza
Norouzi . |
COMPANY
DETAILS
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COMPANY REGISTERED NAME |
Petro Raman Asia Company |
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HEADQUARTER ADDRESS |
Unit 10, 5th Floor, No. 2, 13th St,
Sasan St, Velenjak Ave, Tehran, Iran |
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POSTAL ADDRESS |
1985966333 |
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WEBSITE / EMAIL |
www.petroramanasia.com, info@petroramanasia.com |
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TEL |
+98 21 22420985 |
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FAX |
+98 21 26803876 |
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Mobile |
+98 912
6186001, 8921299 |
REGISTRATION
DETAILS
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LEGAL FOR7M |
Private
Join Stock Company |
Source of info: Iran Registry
Office |
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REGISTERED NAME |
Petro Raman Asia Company |
Source of info: Iran Registry Office |
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REGISTRATION NUMBER |
511258 |
Source of info: Iran Registry Office |
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DATE OF REGISTRATION |
20/06/2017 |
Source of info: Iran Registry Office |
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REGISTERED ADDRESS |
Unit 10, 5th Floor, No. 2, 13th St,
Sasan St, Velenjak Ave, Tehran, Iran |
Source of info: Iran Registry Office |
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CHAMBER OF COMMERCE REG.
NUMBER |
- |
Source of info: Iran Registry Office |
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TAX REGISTRATION NUMBER |
- |
Source of info: Iran Registry Office |
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ANY OTHER REGISTRATION INFO |
National Number: 14006851930 |
Source of info: Iran Registry Office |
HISTORY
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YEAR STARTED OPERATIONS |
20/06/2017 |
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FORMER LEGAL FORM / DATE OF
CHANGE / Source of info |
- |
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Iran Registry Office |
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FORMER REGISTERED NAME / DATE
OF CHANGE/ Source of info |
- |
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Iran Registry Office |
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FORMER REGISTERED ADDRESS /
DATE OF CHANGE/ Source of info |
Ground Floor, No. 63, Sattar Kashani St, Arkab St, Dolat
Ave, Tehran 1939665161, Iran |
14/09/2017 |
Iran Registry Office |
CAPITAL
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CURRENCY |
Iranian Riyals |
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AUTHORISED (NOMINAL) CAPITAL |
5,000,000,000 |
Source of info: Iran Registry
Office |
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ISSUED CAPITAL |
5,000,000,000 |
Source of info: Iran Registry
Office |
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PAID UP CAPITAL |
1,750,000,000 |
Source of info: Iran Registry
Office |
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PARTNERSHIP CAPITAL |
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Source of info: Iran Registry
Office |
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START UP CAPITAL |
5,000,000,000 |
Source of info: Iran Registry
Office |
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FORMER CAPITAL / DATE OF
CHANGE |
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Source of info: Iran Registry
Office |
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FORMER CAPITAL / DATE OF
CHANGE |
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Source of info: Iran Registry
Office |
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FORMER CAPITAL / DATE OF
CHANGE |
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Source of info: Iran Registry
Office |
OWNERSHIP
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FULL NAME (and address) |
NATIONALITY |
NUMBER OF SHARES HELD |
% OF SHARES HELD |
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Mr. Naser Mehr Ali (0569727413) |
Iranian |
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Source of info: Iran Registry
Office |
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Source of info: Chamber |
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Mr. Amir Hossein Mehr Ali (0015844951) |
Iranian |
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Source of info: Iran Registry
Office |
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Source of info: Chamber |
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Mrs. Roya Ahmadi (0060082860) |
Iranian |
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Source of info: Iran Registry
Office |
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Source of info: Chamber |
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Iranian |
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Source of info: Iran Registry
Office |
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Source of info: Chamber |
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Iranian |
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Source of info: Iran Registry
Office |
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Source of info: Chamber |
PRINCIPALS
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FULL NAME (Address) |
NATIONALITY |
POSITION |
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Mr. Naser Mehr Ali (0569727413) |
Iranian |
Chairman |
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Mr. Amir Hossein Mehr Ali (0015844951) |
Iranian |
Vice Chairman |
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Mrs. Roya Ahmadi (0060082860) |
Iranian |
Managing Director |
OPERATIONS
/ ACTIVITIES
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LINE OF BUSINESS (ie:
manufacture, retail, wholesale, type of products or services etc) |
Wholesale %__100__/ Retail %
_______ Detail explanation of
activities: Exporter
of oil products such as bitumen, base oil, slag wax, furfuran and paraffin
wax. |
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NUMBER OF EMPLOYEES / GROUP
EMPLOYEES |
10 |
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TYPE OF CLIENTS (government, group
companies, general public, etc) |
Group Companies |
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NUMBER OF CLIENTS |
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NAME OF MAJOR CLIENTS |
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LOCAL MARKET SHARE % |
- |
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CURRENT CONTRACTS AND THEIR
VALUE |
- |
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NUMBER OF OWNED VEHICLES |
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IMPORTS % |
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EXPORTS % |
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IMPORTS FROM (countries) |
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EXPORTS TO (countries) |
Europe, Far east |
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IMPORTS TERMS OF PAYMENT (ie:
CAD/ LC/ Open accounts) and DAYS OF CREDIT |
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EXPORTS TERMS OF PAYMENT (ie: CAD/ LC/ Open
accounts) and DAYS OF CREDIT |
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TOTAL NUMBER OF BRANCHES |
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BRANCHES NAME |
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BRANCHES LOCATION |
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BRANCHES ARE OWNED/ RENTED |
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BANKERS
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BANK NAME |
BRANCH/ADDRESS/ COUNTRY |
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Maskan Bank |
Velenjak Ave, Tehran, Iran |
FINANCIAL
INFORMATION
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CURRENCY |
Iranian Rials |
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FIGURES ARE INDIVIDUAL OR
GROUP? |
Individual |
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IF FIGURES ARE FOR GROUP
PLEASE STATE WHICH COMPANIES ARE CONSOLIDATED |
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SOURCE OF INFO |
TAX Office |
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ASSETS |
LIABILITIES & EQUITY |
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Total Fixed Assets |
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Long Term Liabilities |
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Investments |
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Trade Creditors |
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Intangibles |
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Bank Overdrafts |
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Stock |
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Total Current Liabilities |
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Trade Debtors |
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TOTAL LIABILITIES |
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Total Current Assets |
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Total Reserves |
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TOTAL ASSETS |
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Retained Earnings |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.38 |
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1 |
INR 91.09 |
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Euro |
1 |
INR 79.75 |
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IRR |
1 |
INR 0.0016 |
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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VAR |
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Report Prepared
by : |
KET |
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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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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.