MIRA
INFORM REPORT
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Report Date : |
16.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
eDruk IT Consultancy |
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Registered Office : |
Near Regional Trade Office, Industrial Estate, Changzamtog, Thimpu |
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Country : |
Bhutan |
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Date of Incorporation : |
03.02.2003 |
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Legal Form : |
Partnership |
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Line of Business : |
Participate and promote IT in The country and to become leading firm in Information Technology. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New
Concern |
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
name
eDruk IT Consultancy
address
Near Regional Trade Office
Industrial Estate
Changzamtog, Thimpu
Bhutan.
Tel No. : 0975 2 332277
Mobile : 17110488 / 17113102 / 17600929
Fax : 0975 2335228
Email : edruk@edruknet.bt
Year Established
03.02.2003
Legal Status
Partnership
Name of Partners
1. Karan Dorji
2. Kishan Dorji
Shareholders
All shares held by partners
Auditors
S K Karki & Associates, Thimpu, Bhutan
Bankers
Bank of Bhutan Limited, Thimpu, Bhutan
Business
The objective of the firm is to participate and promote IT in The country and to become leading firm in Information Technology.
1. Development of Job Portal System for Department Of Employment.
2. Foreign Workers’ Database system for Department Of Labour
3. Web based Foreign Workers’ Database system for Department of Labour
4. Networking at Drastshang Lhentshog.
Trade Terms
USA, Japan
Financial
Working Capital – Nu 3.25 crores
Sales - 2004 – 05 – Nu 4.65 crores
Remarks
Though the firm is only a year’s young, it is well equipped with the capable staff members who all can handle the IT concerned matters. Firm has very broad future perspectives to start network of business all over the country. At present with limited resources they are able to handle part of Thimpu only. At present firm is able to fulfill only few objectives of it.
Payments are reported to correct and regular.
Business may be done on LC of 60 days only.
RATING EXPLANATIONS
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RATING |
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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