MIRA
INFORM REPORT
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Report Date : |
28.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
MUHAMMAD SADIQ |
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Registered Office : |
Manuel Bulnes 443 Módulo 3 Y 4 Temuco |
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Country : |
Chile |
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Date of Incorporation : |
2002 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Retail Trade of Handicrafts Items |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Poor |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : MUHAMMAD SADIQ
TAXPAYER REGISTRATION : RUT 14.743.393-K OPERATING STATUS: Active
MAIN ADDRESS : Manuel Bulnes 443
Módulo 3 y 4
CITY/PROVINCE/STATE : Temuco
COUNTRY : CHILE
TELEPHONE : (564)521.5529
COMMENTS .-
Cell phone number : 5697187827.
SUMMARY
Incorporation : 2002 Operating
Status : Active
Last Capital : No precisado.
Shareholders' Equity : No precisado.
Finantial Situation : UNDETERMINED
Employees : 2
Rating : Poor
Payments : Without rating
Business Trend : Undetermined
QUALIFICATION
RATING : Poor
PAYMENTS : Without rating
LEGAL BACKGROUNDS
LEGAL STATUS : Sole Proprietorship
DATE OF INCORPORATION : 20DEC2002
REGISTERED IN : Temuco.
DURATION : Indefinite.
CURRENT PAID-IN CAPITAL : Not specified.
SHAREHOLDERS' EQUITY : Not specified.
CURRENT EXCHANGE RATE : Ps$ 519.35 per 1.00 US Dollar
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
MUGAMMAD SADIC Manager Proprietor 100%
HERNANDEZ, GISELLA Secretary
WHO IS WHO ?
MUGAMMAD SADIC
NATIONALITY : Pakistani
PROFESSION : Dealer
BUSINESS
MAIN ACTIVITY .-
Retail trade of handicrafts items.
IMPORT
: Yes From China and Brazil.
EXPORT
: No
% CASH SALES/METHOD : 100%
SELLING TERRITORY : 100% in the national market.
EMPLOYEES : 2
FACILITIES .-
Use : Registered office, commercial office.
COMMENTS .-
Sales are oriented to the public in general.
FINANCIAL INFORMATION
Mr. Muhammad Sadiq (Proprietor) with whom we spoke provided us basic
information he estimated convenient , pointing out he was extremely busy
organizing a trip to Brazil. We sent to him a request of information in writing
for his perusal but we never got a reply.
Therefore, we proceeded to investigate through different external
sources to be able to complete this report. However, it is important to mention
being an individual business, Subject has no compulsion to submit balance
sheets to corresponding authorities.
We are reporting upon an individual business started in year 2002. It
deals in sector of enterprises engaged in sale of handicrafts items. It is a
small sized business in that segment. No significant trade credit experience
was traced during our investigation to determine their payment habits.
FINANCIAL SITUATION : UNDETERMINED
The financial situation of this firm is considered to be Indeterminate
in absence of figures to assess its results. Besides, lack of credit references
prevents us from evaluating their actual credit capacity.
In general, refusal to provide figures hides deliberately some financial
problems, but this opinion is not definitive.
INSURANCE .-
The Subject has not taken policies with
insurance companies.
PAYMENTS RECORD
CREDIT HISTORY .-
The names of the suppliers Subject deals
with was not made available to us. Checked out with possible suppliers in the
local market without success.
BANKING INFORMATION
BANKERS
Bank
Banco de Chile
The Subject deals with the aforementioned
bank, the same which does not provide references under privacy policy.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.79 |
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UK Pound |
1 |
Rs.80.05 |
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Euro |
1 |
Rs.64.56 |
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%)