MIRA
INFORM REPORT
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Report Date : |
01.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
BL NAIDU & SONS LTD |
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Registered Office : |
PO Box 303, Solevu Sigatoka |
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Country : |
Fiji |
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Date of Incorporation : |
12.08.1980 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Trader of Food Products |
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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Maximum Credit Limit : |
USD 7,500.00 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name of the company
BL NAIDU &
SONS LTD
Company Details
|
Identifier |
: |
P0934871 |
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Country |
: |
Fiji |
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Company Name |
: |
BL NAIDU & SONS LTD |
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Operating Address |
: |
PO Box 303, Solevu Sigatoka |
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Tel |
: |
[+679] 6500834 |
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Fax |
: |
[+679] 6520192 |
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Primary Business Activity |
: |
Trader |
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Key Industry |
: |
Food Products |
Key Facts
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Registered Legal Address |
: |
PO Box 303, Solevu Sigatoka |
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Operational Address |
: |
PO Box 303, Solevu Sigatoka |
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License Number |
: |
3816 |
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Date of Registration |
: |
12 August, 1980 |
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Issuing Authority |
: |
Registrar of Companies (ROC) |
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Legal Form |
: |
Private company with limited liability |
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Operational Status of Business |
: |
Normal |
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Employees |
: |
15 |
Adverse Data
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Results |
: |
Total of 0 record found. |
Recommended Credit Limit - Trade
Finance
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Maximum Recommended Credit |
: |
USD 7,500.00 based on 90 days |
Management & Products
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Products |
: |
Food products |
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|
Supermarket |
Commercial Credit Inquiries
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Date of Inquiry |
Industry |
Credit Type |
Credit Amount |
Period |
|
31 Oct, 2008 |
Professional Services |
MRC |
USD 7,500.00 |
90 days |
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Note: |
|||
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* |
MRC |
: |
Maximum Recommended Credit |
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** |
ISC |
: |
Inquirer Specified Credit |
Fullcheck Report Details
|
Country |
: |
Fiji |
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Company Name |
: |
BL NAIDU & SONS LTD |
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Primary Business Activity |
: |
Trader |
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Key Industry |
: |
Food Products |
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Office Contact Details |
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Operating Address |
: |
PO Box 303, Solevu |
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City |
: |
Sigatoka |
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Tel |
: |
[+679] 6500834 |
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Fax |
: |
[+679] 6520192 |
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Postal Details |
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P.O. Box |
: |
303 |
SIC PRODUCT CLASSIFICATION &
ACTIVITY
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HARMONIZED PRODUCT CLASSIFICATION
& ACTIVITY
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Activity |
Code |
Product/Service Description |
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Service |
9958 |
Assembly and distribution services of gen commodities |
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Trading |
2106 |
Food preparations |
OWNERSHIP
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Chairman |
: |
Mr. Bala Krishna Naidu |
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Nationality |
: |
Fijian |
FINANCIAL & LEGAL STATUS
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*Financials* |
ADVERSE DATA MONITORING
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PRODUCT, TECHNOLOGY, SERVICES
DESCRIPTION
|
*Main
Products & Services* |
ORGANIZATION STRUCTURE
Key Personnel*
=============
Bala Krishna Naidu
Founder : Sole Founder
Work experience : More than 10 years in trading food business
Responsibility : Handles the overall management of the
company.
TRADE REFERENCES
*Domestic Suppliers*
=================
75% of the products are purchased locally.
RELATED PARTIES DESCRIPTION
Major Shareholders*
===================
Total number of shareholder : 1
Shareholder's Name
% of Shares
---------------------------
----------------
Bala Krishna Naidu
100.00
SHAREHOLDERS
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Total number of shareholders |
: |
1 |
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Total number of shares |
: |
n/a |
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No. |
Shareholders |
Country |
Shares |
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|
Number |
Amount |
% |
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1 |
Mr. Bala Krishna Naidu |
Fiji |
n/a |
n/a |
100.00 |
COMPANY DIRECTORS
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1 |
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Personal Unique Identifier |
: |
MI01794734 |
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Name |
: |
Mr. Bala Krishna Naidu |
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Nationality |
: |
Fijian |
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LOCAL DISTRIBUTION & WAREHOUSING
*Local Distribution Network*
=======================
100% of the annual turnover is attributed to local sales.
*Imports*
========
25% of the products are imported from the following countries :
- Australia
- New Zealand
- Singapore
- Malaysia
- India
INTERNATIONAL TRADE : ACTIVITY
& MARKETS
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INTERNATIONAL TRADE ACTIVITY DESCRIPTION
*Export Markets*
==============
There is no record of export since the prime focus of the firm's activity is
concentrated on local sales only.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.96 |
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UK Pound |
1 |
Rs.80.26 |
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Euro |
1 |
Rs.63.08 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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%)