MIRA
INFORM REPORT
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Report Date : |
11.05.2007 |
IDENTIFICATION DETAILS
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Name : |
SANJAY IMPORTS |
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Registered Office : |
# 248 / |
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Country : |
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Date of Incorporation : |
-- |
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Legal Form : |
Proprietorship Company |
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Line of Business : |
Importers & Dealers of Onions and Potatoes. |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
GENERAL - Basic information at a glance
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Name of Subject
of Inquiry |
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SANJAY IMPORTS |
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Legal Form
& Status |
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Proprietorship Company (In operation) |
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Proprietor |
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Mr. Chelliah
Sivam |
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Primary Line of
Business |
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Importers & Dealers of Onions and Potatoes. |
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Head Office & Place of Business |
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# 248 / Tel. No: (00 94 11) 291 4334 Fax No: (00 94
11) 291 4334 |
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No.
of Employees |
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5 |
CURRENT INVESTIGATION
History
The Subject Company SANJAY
IMPORTS is a Proprietorship Company.
Location
The Subject Company is located at the client given address # 248 /
Operations Details
General
The subject company primary line of business is an Importers & Dealers of Potatoes and Onions.
Products
Potatoes and Onions.
Import Country
Employees
The total strength of employees in the group was stated as 5.
Financial Data
The
company has declined to provide information on its finances
General Comments
When the Subject Company was contacted they were
very cooperative and polite in providing the information given in this report,
however they were reluctant to provide financial and any other background
information that would have been useful to enhance this report.
Trade references
The subject company did not provide any trade reference referrals
Credit
Recommendations
Since no financial information has been forthcoming from the company, it is not possible to comment on the merits or otherwise of the company.
No computerized data bases exist to make checks whether the partners or the company has any legal action or lawsuit initiated against any of them but informal (but not in-depth) checks do not indicate any such cases in the public knowledge.
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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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)