MIRA INFORM REPORT

 

 

Report Date :           

02.08.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

SIBA INTERNATIONAL V SARABJIT SINGH GHUMAN

 

 

Registered Office :

Lunavej 1 A, 8700 Horsens

 

 

Country :

Denmark

 

 

Year of Establishment :

1992

 

 

Com. Reg. No.:

16280135 EMV

 

 

Legal Form :

Sole Trader

 

 

Line of Business :

Wholesale of textiles

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

EUR 5.000

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Denmark

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name & address 

 

SIBA INTERNATIONAL V/SARABJIT SINGH GHUMAN

 

Main address     LUNAVEJ 1 A

City                 8700 HORSENS

Country              Denmark

Phone-no.          +45-76-905011

Fax-no.              +45-76-905051

 

 

Company summary

 

ID-/Reg.-no.                   16280135 EMV

 

Legal form                     Sole trader

 

Company Status            Active

 

Activity                          46.41 Wholesale of textiles

                                    46.47 Wholesale of furniture, carpets and lighting equip

 

No of employees empl 2 - 4 (The business)

 

Established                   1992

 

Bankers                        DANSKE BANK HORSENS AFDELING JESSENSGADE 1 8700

                                    - HORSENS

 

Property                        No

 

Shareholder                   SARABJIT SINGH GHUMAN (Owner/part owner)

 

Secondary names(s)      SIBA INTERNATIONAL

 

Payment profile              Payment regular

 

Risk class                     Moderate

 

Credit limit                     No objections against entering into a business relationship; we advise a maximum credit

of EUR 5.000,-

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.05

UK Pound

1

Rs.72.40

Euro

1

Rs.63.46

 

 

RATING EXPLANATIONS

 

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

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.