MIRA INFORM REPORT

 

 

Report Date :           

03.10.2011

 

IDENTIFICATION DETAILS

 

Name :

LEKSOL AUTOMOBILES

 

 

Registered Office :

Mothithang, P.O. Box – 251, Thimphu

 

 

Country :

Bhutan

 

 

Year of Establishment :

2011

 

 

Legal Form :

Partnership Concern

 

 

Line of Business :

Trader, Dealer, Importer, Distributor of Druk Tshongkhang, Royal Enfield, Leksol Tours and Treks and Treks, Leksol Hotel, Leksol Real-Estate

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

---

 

 

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)

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  

 

Leksol Automobiles

 

Registered Address:   

Mothithang, P.O. Box - 251
Thimphu, Bhutan.

Telephone          : (00975) 17110900 or 77269357

Fax No.             : (00975) 17110900

E-mail               : Jigme.tsheruiing@gmail.com

Website            : www.royalenfield.com  

 

Factory

Thiruvottiyur Hogh Road, Chennai

Tel. No.             : 91 44 4223 0363

Fax No.             : 91 44 4201 1719

E-mail               : mgajarlawar@royalenfield.com             

 

 

Information Parted By:

 

Name                : Mr. Jigme Tshering

Designation       : MD Leksol Group

Mobile No.         : +975 17110900

 

 

Company summary

 

Date Established                                   :           2011

 

Legal Status                                          :           Partnership Concern

 

Name of Partners                                   :           Mr. Tshering Pema

Address: Mothithang, Thimphu, Bhutan.

                                                                        Age: 59 years

Qualification : MBA

Experience : 20 years

 

                                                                        Mr. Jigme Tshering

Address: Mothithang, Thimphu, Bhutan.

                                                                        Age: 27 years

Qualification : BBA

Experience : 5 years

 

Auditors                                                :           Royal Audit Authority, Thimpu, Bhutan

 

Staff                                                      :           21 (7 in Office and 14 in Branch)

                                               

Bankers                                                :           Bank National Bhutan

                                                                        Branch Address : Thimpu, P O Box 439, Bhutan

                                                                       

Office Space                                          :           800 sq.ft. (Leasehold)

 

Business                                               :           Trader, Dealer, Importer, Distributor of Druk Tshongkhang,

Royal Enfield, Leksol Tours and Treks and Treks, Leksol Hotel, Leksol Real-Estate

 

Reference of Overseas Concerns :           Royal Infield India                                                          

 

Finance                                                 :           Present Working Capital – Nu.1.00 crores.

 

                                                                        Sales (2011)                              :           Nu. 1.5  crores.             

                                                                        Projected Sales (2012)   :           Nu. 2  crores.

 

Trading Terms                                        :           Purchase          -           L/C – 30 days

                                                                                                            Credit – 30 days

 

                                                                        Sales                -           L/C – 30 days

                                                                                                            Credit – 30 days

 

Types of Customers                               :           End Users

 

Sister Concern                                       :           Name                : Yangki Automobiles

Address            : Olakha Thimphu Bhutan

Activity              : Service Center

 

                                   

Remarks                                               :           Partners are 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.48.93

UK Pound

1

Rs.76.52

Euro

1

Rs.66.65

 

 

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.