MIRA
INFORM REPORT
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Report Date : |
17.12.2008 |
IDENTIFICATION DETAILS
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Name : |
TASHI
INFOCOMM LTD. |
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Registered Office : |
Norzin Lam, Thimpu,P.O. Box – 1502 |
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Country : |
Bhutan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
02.05.2005 |
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Com. Reg. No.: |
B 21376 |
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Legal Form : |
Public Limited |
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Line of Business : |
Mobile Connection, GSM Service, Broad Brand |
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 : |
No Complaints |
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Litigation : |
Clear |
name & address
TASHI
INFOCOMM LTD.
Norzin Lam, Thimpu, Bhutan.
P.O. Box – 1502.
Phone : 975-2-335476
Fax : 975-2-324440 / 2336318
Mobile : 97577889977
Email : tashicell@gmail.com
Type of Concern
Public Ltd.
Incorporation No.
B 21376
Incorporation Date
02.05.2005
Legal Status
Public Ltd.
Name of Directors
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Name |
Desisnation |
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Tashi Tshening |
Chairman |
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Wangchuk Dorji |
M.D. |
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Y. Dorji |
Wholetime Director |
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K. Wanchuk Dorji |
Wholetime Director |
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P. Tshening |
Wholetime Director |
Auditors
B. S. Khagaur & Sons., Thimpu, Bhutan.
Staff
450
Bankers
Bhutan Bank Ltd., Thimpu.
Business
They are engaged in Mobile Connection, GSM Service, Broad Brand
Service in hole
Finance
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TASHI
INFOCOM LTD. |
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Authorised Capital : 400,000,000/-
(40,00,000 Equity Shares of Nu.100/- each) |
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Paidup : 34,611,000/- (346110 of Nu.100/-
each) |
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BALANCE SHEET AS AT 31.03.2007 |
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Liabilities |
Amount (Nu.) |
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Assets |
Amount (Nu.) |
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Paid up Capital |
34,611,000 |
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Fixed Assets |
21,616,000 |
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Reserve & Surplus |
5,202,000 |
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Cap. Work in Progress |
1,054,000 |
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Sundry Creditors |
9,787,000 |
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Inventories |
12,453,000 |
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Acceptance |
12,596,000 |
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Receivables |
29,460,000 |
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Current Liab. & Prov. |
9,429,000 |
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Other Currents Assets |
7,042,000 |
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Total |
71,625,000 |
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71,625,000 |
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Nu. |
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Sales |
6,370,000 |
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Profit after Tax |
1,263,000 |
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Share Holders
Directors & Their Relatives.
Remarks
Business may be done at usual trade terms & condition.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.39 |
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1 |
Rs.70.65 |
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Euro |
1 |
Rs.66.33 |
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%)