MIRA INFORM REPORT
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Report Date : |
17th May 2006 |
IDENTIFICATION DETAILS
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Name : |
DIPAK
MAGAN LAL |
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Registered Office : |
Khartoum Central 10424, Khartoum Sudan |
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Date of Incorporation : |
2006 |
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Com. Reg. No.: |
11533,
Khartoum |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Distributors
of automotive spare parts and related accessories. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 30,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
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Company Name |
DIPAK MAGAN LAL |
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Country of Origin |
Sudan |
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Legal Form |
Sole Proprietorship |
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Registration Date |
2006 |
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Commercial Registration Number |
11533, Khartoum |
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Invested Capital |
SD 6,000,000 |
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Total Workforce |
3 |
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Line of Business |
Distributors of automotive spare parts and related accessories. |
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Financial Condition |
Undetermined |
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Payments |
Nothing detrimental uncovered |
COMPANY NAME
DIPAK MAGAN LAL
ADDRESS
Registered & Physical Address
Location : Khartoum Central
PO Box : 10424
Town : Khartoum
Country : Sudan
Telephone : (249-183) 499169
Facsimile : (249-183) 499169
Mobile : (249-912) 612818
Email : dmpatwa@hotmail.com
Premises
Subject operates from a small suite of offices and a showroom that are rented and located in the Central Business Area of Khartoum.
KEY PRINCIPALS
Dipak Magan Lal Patwa Proprietor & General Manager
LEGAL FORM & OWNERS
Date of Establishment : 2006
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 11533, Khartoum
Invested Capital : SD 6,000,000
Mr Dipak Magan Lal Patwa is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines Mouassasa Khassa as the business of an individual where liability for all debts is unlimited. The business is the entire responsibility of its proprietor, who is liable for all its debts to the extent of his entire wealth. There are no legal requirements concerning the amount of capital of a sole proprietor.
LINE OF BUSINESS
Operations : Engaged in the import and distribution
of automotive spare parts and related accessories.
Import Countries : Europe and Japan.
Subject has a workforce of 3 employees.
FINANCIAL HIGHLIGHTS
Subject is a newly formed business and as a result financial information is not currently available.
BANKERS
Al Shamal Islamic Bank
Al Said Abdurahman Street
PO Box : 10036
Khartoum
Tel : (249-183) 779078
Fax : (249-183) 772661
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 1,000,000:
Investigations undertaken in Khartoum did not reveal any sign of payment defaults or delays during initial trading stages, and subject is believed to meet its payment obligations in a timely manner, nevertheless, and in view of the company’s infancy and the lack of a more consistent payment and financial record, a measure of caution is advisable and a close monitoring of subject’s business development is recommended.
Maximum suggested credit figure: US$ 30,000
RATING EXPLANATIONS
RATING
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STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate
working capital. No caution needed for credit transaction. It has above
average (strong) capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are
apparent. Repayment of interest and principal sums in default or expected to
be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |