MIRA INFORM REPORT

 

 

Report Date :

02.07.2012

 

IDENTIFICATION DETAILS

 

Name :

MUHAMMED RAFIQ

 

 

Registered Office :

Søndergade 30 Dk-5000 Odense C

 

 

Country :

Denmark

 

 

Date of Incorporation :

17.06.1982

 

 

Com. Reg. No.:

CVR.-No.:71890317

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Retail trade with real oriental carpets.     

 

 

No. of Employees :

2

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Denmark

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Summary

 

COMPANY’S NAME                           MUHAMMED RAFIQ

 

POSTAL ADDRESS                           Toldbodgade 6

                                                         DK-5000 ODENSE C

                                                           

OPERATING ADDRESS                     Søndergade 30

                                                         DK-5000 ODENSE C

                                                           

TELEPHONE-NO                                +45 66 13 82 35   

 

TELEFAX-NO                                     +45 66 13 82 35

 

MOBILE-TEL-NO                                +45 29 82 81 99

 

LOCAL CURRENCY                           D K K

 

FOUNDATION                                    17.06.1982

                                                        

CENTRAL BUSINESS-REG-NO           CVR.-No.:71890317

 

EU-VAT-ID-NO                                   DK71 89 03 17

 

LEGAL FORM                                    Sole proprietorship

                                                        

OWNER                                            Mr Muhammed Rafiq, since 30.12.1985 living at

                                                         the above postal address.

                                                        

ACTIVITY                                           Retail trade with real oriental carpets.         

 

TRADINGSTYLE                                 RAFIQ ÆGTE TÆPPER

 

EMPLOYEES                                    2

 

TURNOVER                                       Figures are strictly confidential

 

FINANCIAL STANDING                       The financial situation is orderly.

                                                         However, a closer insight was not possible.

                                                         Accounts are not published or made available.

 

REAL ESTATE                                   Mr Rafiq owns two premises

-Taxation value                                   DKK 8.379.000,00

 

PAYMENTS                                       Nothing detrimental has been noted           

 

BANKERS                                         Information rejected

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.31

UK Pound

1

Rs.88.06

Euro

1

Rs.70.91

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.