MIRA INFORM REPORT

 

 

Report Date :

18.10.2011

 

IDENTIFICATION DETAILS

 

Name :

DSA ENTERPRISES, BHUTAN

 

 

Registered Office :

Changzamtog Thimphu

 

 

Country :

Bhutan

 

 

Financials (as on) :

2011

 

 

Year of Establishment :

2000

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Trader and Importer of Medical Lab Equipments

 

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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 and address  

 

DSA ENTERPRISES, BHUTAN

Street Address :CHANGZAMTOG THIMPHU BHUTAN

Phone/Mobile    : 975 17626281
Fax                   : 975 2321104

Email                :harkam02@yahoo.com

 

 

Summary

 

Year Established                                   :           2000

 

Legal Status                                          :           Proprietorship

 

Name of Proprietor                                 :           Harka Maya

                                                                        (Age – 60 years)

                                                           

Auditors                                                :           R.N. Enterprises

 

Staff                                                      :           08 nos. (Approximately)

                                               

Bankers                                                :           Bhutan National Bank

                                                                        Thimpu, Bhutan

                                                                       

Office Space                                          :           900 sq.ft. (Leasehold)

 

Business                                                           :           Trader and Importer of Medical Lab Equipments And Are The

Regular Suppliers To The Ministry Of

Health Royal Government Of Bhutan                                           

 

Importers of                                           :           Products: Medical Lab Equipment          

                                                                        Country : Bangladesh, India, Netherland, USA, Belgium 

 

Finance                                                 :           Present Working Capital – Nu.1.5 crores.

 

                                                                        Sales (2011)                  :           Nu. 2.5  crores.             

                                                                        Projected Sales (2012)   :           Nu. 3.5  crores.

 

Trading Terms                                        :           Purchase          -           L/C , Credit (45 to 60 days)

                                                                                                           

                                                                        Sales                -           Credit – 30 days

 

Customers                                            :           End Users, The Ministry Of Health Royal Government Of Bhutan

 

Supplier                                                :           NESCO, US

                                                                        Safety India Rubber Product, Kerala       

                                   

Remarks                                               :           Partners are well experienced and active.  Payments are

                                                                        Reported to be correct and regular as per commitment.

                                                                        Trade relations are fair. USD 15,00,000 against Bank Gurantee

only.

 

 

Information parted by

 

Name                : Ms. Harka Maya

Designation       : Proprietor

Date                 : 18.10.2011

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.89

UK Pound

1

Rs.77.31

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.