MIRA INFORM REPORT

 

 

Report Date :

07.01.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

SKW-TASHI METALS & ALLOYS (P) LIMITED

 

 

Registered Office :

TCC Complex Building, Post Box Number 382, Phuentsholing

 

 

Country :

Bhutan

 

 

Financials (as on) :

31.03.2009

 

 

Date of Incorporation :

July 1999

 

 

Com. Reg. No.:

77521/46/49

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

manufacturer Metals, Alloys and Chemicals

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Bhutan

b2

b2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

SKW-Tashi Metals & Alloys (P) Limited

TCC Complex Building,

Post Box Number 382,

Phuentsholing, Bhutan

Email               contact@skwthasimetal.com
Telephone No.             00-975-5-252246, 252417/252415
Fax No:            00-975-5-252282/252712

 

 

Company summary

 

Year Established           :           July, 1999

 

Incorporation. No.           :           77521/46/49

 

Legal Status                  :           Pvt Limited

 

Name of Directors          :          

Sl.No.

Name

Designation

1.

Drugyal Zhipa.

Director

2.

Desho Sonan Tasherine

Director

3.

Lam Dorji

Director

4.

Y. Chung

Director

5.

D. K. Dorji

Director

 

Major Shareholders        :           Bhutan Government, Tashi Group, Marubeni Corporation

 

Auditors                        :           Y. Lam & Associates, Bhutan

 

Staff                              :           100 nos.

                                               

Bankers                        :           Bank of Bhutan, Phuntsholing, Bhutan

 

Business                       :           SKW-Tashi Metals & Alloys (P) Limited is a joint venture of the Royal

Government of Bhutan, Marubeni Corporation and Tashi Commercial Corporation, the largest private Company in Bhutan. In addition to the main promoters, the financial institutions, corporate bodies and general public also hold Company’s shares. They are manufacturer Metals, Alloys and Chemicals


Import                           :           India, U.S.A., Japan, Germany.

                                               

Finance                         :          

 

 


Business may be done Euro 120.000.00

 

Remarks                       :           Trading Terms – Purchase          -           L/C – 30 days  ;  Credit – 30 days

                                                                        Sales                -           L/C – 30 days    ;  Credit – 30 days

 

Well established, respectable and reputed concern, payments are reported to be correct and regular at usual trade terms and condition.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.31

UK Pound

1

Rs.70.26

Euro

1

Rs.59.56

 

 

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.