MIRA INFORM REPORT

 

 

Report Date :           

08.11.2011

 

IDENTIFICATION DETAILS

 

Name :

MA SANTOSHI AUTO CENTER

 

 

Registered Office :

Birtamod, District Jhapa

 

 

Country :

Nepal

 

 

Year of Establishment :

2003

 

 

Legal Form :

Proprietorship Concern

 

 

Line of Business :

Subject is engaged in Repair Sales & Service, Automobile

 

 

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 :

Unknown

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Nepal

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Ma Santoshi Auto Center

 

Regd. Office     : Birtamod

                          Dist. Jhapa, Nepal

Tel. No.:           (00977)-23542764

E-Mail :                        ma_santoshi@yahoo.com

Location:         Owned

 

 

Information Parted By :

Name                : Mr. Shive Kumar Ghimare

Designation       : Proprietor

Mobile No          : (00977)-9852672324

 

 

Company summary

 

Years Established                      :           2003

 

Type of Concern             :           Proprietorship Concern

 

Name of the Proprietor                :           1. Mr. Shive Kumar Ghimare

(Age: 42 years, Qualification: B.Com)

 

Auditors                                    :           Mr. Mohan Shiva (Chartered Accountant)

 

Bankers                                    :           agriculture Development Bank of Nepal

                                                            Bitramod Br.

 

Trading Term                             :           Purchasing Terms:         Cash

Selling Terms:               Cash

 

Type of Customers                     :           End Users

 

No. of Employees                      :           8

 

Business                                   :           Repair Sales & Service, Automobile.

 

Financial                                   :           Sales-                           Nep. Rs. 5 Crores. (2010-11)

Sales-                           Nep. Rs. 4 Crores  (2009-10)

Sales-                           Nep. Rs. 3 Crores (2008-09)

 

Expected Sales             Nep. Rs. 8 crores (2011-2012)

 

Remarks                                        :      Well established, respectable, payments are reported to be correct and

                                                            regular as per commitments, trade relations are fair, consider good for

                                                            normal business engagements at usual trade terms and conditions.


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.08

UK Pound

1

Rs.78.65

Euro

1

Rs.67.79

 

 

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.