MIRA INFORM REPORT

 

 

Report Date :           

14.05.2011

 

 

 

Tel. No.:

+975 2 321019/323092

Fax No.:

+975 2 321019

 

IDENTIFICATION DETAILS

 

Name :

UGEN TRADING HOUSE

 

 

Registered Office :

Doibum Road, Thimphu

 

 

Country :

Bhutan

 

 

Financials (as on) :

31.03.2011

 

 

Year of Establishment :

1997

 

 

Legal Form :

Proprietary Concern

 

 

Line of Business :

dealer of Mobile, Computer and Telecommunication

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Bhutan

b2

b2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

information parted by

 

Name               :  Ms. Kash

Designation     : General Manager

Tel. No.            : (00975) 2321019

Date                 : 13.05.2011

 

 

Company name & address 

 

Ugen Trading House
Doibum Road
Thimphu
Bhutan
Fon: +975 | 2 32 1019
Fax: +975 | 2 32 1071
Mail: ugen@druknet.bt

 

 

Company summary

 

Year Established                                   :           1997

 

Legal Status                                          :           Proprietary.

 

Name of Proprietor                                 :           Ugen Norbu Jamyang (Age: 38 years & Qualification: B.Com)

                                                                        Tashi Choki Dorji, Sales Manager.

 

Auditors                                                :           R. Dorji & Co., Bhutan.

 

Staff                                                      :           26 nos.

                                               

Bankers                                                :           Bhutan Bank Ltd.

                                                                        State Bank of Bhutan Ltd

                                                                         Bank of Bhutan, Thimphu Branch

Bhutan National Bank, Thimphu Branch (Enjoying CC Facility)                                                                                                                                          

Office Space                                          :           1500 sq.ft. (Owned).

 

Business                                               :           The company engaged and dealer of Mobile, Computer and

Telecommunication

 

Agencies Held                                       :           Motorola

 

Reference of Overseas Concerns :           USA, Korea, Japan & Holland.                                                               


Finance                                                 :           Present Working Capital – Nu. 7.00 crores.

 

                                                                        Sales (2009)                              :           Nu. 10  crores.                                                                                       Sales (2010)                              :           Nu. 12  crores.

                                                                        Sales (2011)                              :           Nu. 15  crores.

(Approximately)

Expected Sales (2012)               :           Nu. 20 crores.

 

 

Types of Customers                               :           Wholesalers, Retailers, End Users, OEM’s  

 

Trading Terms                                        :           Purchase          -           L/C – 30 days

                                                                                                            Cash, Credit (30 – 90) days

 

                                                                        Sales                -           L/C – 30 days

                                                                                                            Cash, Credit  (30 – 90) days

                                   

Remarks                                               :           Proprietor is well experienced and active.  Payments are

                                                                        Reported to be correct and regular as per commitment.

                                                                        Trade relations are fair.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.91

UK Pound

1

Rs.73.06

Euro

1

Rs.64.03

 

 

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.