MIRA
INFORM REPORT
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Report Date : |
06.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
TASHI METALS |
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Registered Office : |
Phuntsholing |
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Country : |
Bhutan |
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Date of Incorporation : |
05.03.2004 |
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Legal Form : |
Partnership |
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Line of Business : |
Subject is engaged in
Ferrosilicon, Microsilicon and Magnesium etc., |
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 Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name & address
M/s TASHI METALS
Phuntsholing, Bhutan.
Telephone : 975-5-252246/242415
Fax
: 975-5-252282
Year of
Establishment
05.03.2004
Type of Concern
Partnership
Name of Partners
(1) Dasho Tobgyal Dorji
(2) S.R.Dorji
Bankers
(1) Bank
of Bhutan Ltd. Phuntsholing, Bhutan
Auditors
S.B.Associates Phuntsholing, Bhutan
Business
They are engaged in Ferrosilicon,Microsilicon
and Magnesium etc.,
No. of Staff
20.
Trade Terms
With USA,Germany,India
Financial
Capital Investment - Nu 1.50 crores
Sales Turnover 2008
Nu2.95
crores
Remarks
Well established, respectable and reputed
concern. Payments are reported to be correct and regular.
Payment terms : Purchase - L/C for 30 days ;
Credit – 30 days
Sales - L/C for 30 days ; Credit – 30 days
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%)