MIRA
INFORM REPORT
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Report Date : |
03.09.2007 |
IDENTIFICATION DETAILS
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Name : |
SINGAYA
ENTERPRICES |
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Registered Office : |
# 76B, New Town, Digana, Rajewella, |
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Country : |
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Legal Form : |
Sole Proprietorship Company |
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Line of Business : |
Importers, Distributors and Dealers of Beedi Leafs |
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. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
GENERAL - Basic information at a glance
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Name of Subject of Inquiry |
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SINGAYA
ENTERPRICES |
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Legal
Form & Status |
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Sole Proprietorship Company (In operation) |
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Sole Proprietor |
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Mr. Sathya Moorthy |
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Primary Line of Business |
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Importers, Distributors and Dealers of Beedi Leafs |
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Head Office & Place of Business |
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# 76B, New Town, Digana, Rajewella,
Tel. No: (00 94 81) 237 4451 Fax No: (00 94 81) 237 5765 E-mail: meera1958@yahoo.co.in
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CURRENT INVESTIGATION
History
The Subject Company SINGAYA ENTERPRICES is a sole Proprietorship Company.
Location
The Subject Company is located at the client given address #
76B, New Town, Digana, Rajewella,
Operations Details
General
The subject company primary line of business is an Importer,
Distributors and Dealers of Beedi Leafs.
Import Products
Beedi Leafs
Import Country
Employees
-Not Disclosed-
Financial Data
The company has declined to provide information on its
finances.
General Comments
The company declined to provide any financial or production related information when approached for purposes of preparing this report. Hence, most of the information in this report has been obtained from other sources but clearly originating from the company.
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. |
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%)