MIRA
INFORM REPORT
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Report Date : |
13.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
TASHI COMMERCIAL CORPORATION |
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Registered Office : |
P.O. Box. – 78, T. C. C. Complex Building, Phentsholing, |
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Country : |
Bhutan |
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Date of Incorporation : |
05.02.1980 |
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Legal Form : |
Government Owned Company |
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Line of Business : |
Electrical Appliances, T.V. and radio, Primary MAICS |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
M/s TASHI COMMERCIAL CORPORATION
P.O. Box. – 78, T. C. C. Complex Building
Phentsholing, Bhutan.
Telephone : 755-252 109
Fax : 755-252 110
Year of Establishment
05.02.1980
Type of Concern
Owned by the Govt. of Bhutan
Name of Director
L. T. Gyanstsho.
D. Namcza
L. Shungstshong
K. Chamling
Bankers
(1) Bhutan Bank Ltd. Phuentsholing, Bhutan
Auditors
Dorgi and Co., Phuentsholing, Bhutan
Business
They are engaged electrical appliances, T.V. & Radio, Primary MAICS.. Electricals and electronic appliance, television and radio set merchant wholeseller. Also construction and civil work.
No. of Staff
76 nos.
Trade Terms
Tatung company of America Inc
Digital product international U.S.A.
Brothers International Corp., U.S.A.
Financial
Capital Investment - Nu 20 crores
Sales Turnover 2007
Nu.45 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%)