MIRA
INFORM REPORT
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Report Date : |
17.09.2007 |
IDENTIFICATION DETAILS
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Name : |
MITHUN TRADERS |
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Registered Office : |
# 245, Balagolla, Kengalle, |
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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 : |
Small Company |
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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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MITHUN TRADERS |
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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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# 245, Balagolla, Kengalle,
Tel No : (00 94 81) 220 3050/
237 5765 Fax No: (00 94 81) 237 5765 |
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No. of Employees |
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-Not Disclosed- |
COMPANY DETAILS - Registration and
Shareholder Details
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Registration
No |
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-Not Disclosed- |
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Date
of Registration |
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-Not Disclosed- |
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Registered
Office |
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-Not Disclosed- |
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Secretaries |
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-Not Applicable- |
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Auditors |
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-Not Disclosed- |
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Bankers |
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-Not Disclosed- |
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CURRENT INVESTIGATION
History
The Subject Company MITHUN TRADERS is a sole Proprietorship Company.
Location
The Subject Company is located at the client given address #
245, Balagolla, Kengalle,
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 computerised 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%)