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Report No. : |
350922 |
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Report Date : |
24.11.2015 |
IDENTIFICATION DETAILS
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Name : |
8 ELEVEN NF |
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Registered Office : |
Matithang, Thimphu Near Karma Steel, P O Box 1472
Phuentshaling |
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Country : |
Bhutan |
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Date of Incorporation : |
07.05.2009 |
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Legal Form : |
Partnership concern |
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Line of Business : |
Subject deals with Fast Moving Consumer Goods (FMCG). |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Bhutan |
B1 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
8
ELEVEN NF
Matithang, Thimphu Near Karma Steel, P O Box 1472
Phuentshaling
Country: Bhutan
Phone : 17975327
It is a partnership concern started at Thimphu Bhutan on 07.05.2009
|
Thinle Derji (M.D.) |
|
D. R. Derji |
|
S. R. Derji |
Bhutan Bank Ltd. Phontsholing, Bhutan
B. Chand & Co., Bhutan
8 ELEVEN Group deals with Fast Moving Consumer Goods (FMCG) in Thimphu
Bhutan. It has a total of three outlets. One of them is a Super Market with a
floor size of 9000 sq ft. The Group has a base in Phuentsholing (Gate Way To
Bhutan). The base in Phuentsholing is responsible to receive imported goods
from India and the third countries. For eg they receive goods from Thailand,
Singapore besides India. They receive the goods, clear and dispatch to Thimphu.
The base has a light vehicle and truck for their routine work.
The formation of group started in 02 Oct 2006 with the first retail shop
at Changlam. The second shop was started in 2009 and the Super Market in Jan
2011. The three shops are as under:
8 ELEVEN GROCERY:It is a retail store located at Chang Lam adjacent
to The Zone. Has two way road and very good parking space. The store is 1200 sq
ft in size and open 9 AM to 9 PM all days. The store is a one stop shop for the
grocery items. The store has about 9000 inventories. It has computerized
billing system with two POS. The store was opened in 2002. Contact no
00975-02-333007.
8 ELEVEN:It is a whole sale store located at Changlam adjacent to hotel Wangchuk.
It has computerized billing system. It is open at 9 am in the morning and till
8 pm in the evening. It has a ware house of 5000 sq ft at Motithang from where
the door service is organized. The store was opened in 2009. As of now we have
got distributorship of Tiger Beer from Singapore, Hindustan Uniliver Ltd from
India and Himalaya cosmetics from India. We have been promised distributorship
from Colgate Palmolive and Garnier Loreal from India in February 2012. The
store has three marketing vehicles and one truck. Contact No 00975-2- 339902.
8 ELEVEN EXPRESS:It is a super market opened in January 2011. It has
a space of more than 9000 sq ft which boasts of more than 10000 inventory. We
work on continuous basis to increase our inventory by taking feed back from our
clients and going online and carrying
out research. When we started our retail store in 2006 our inventory was
only 600. From there we have grown to 10000 today. As per the inventory we are
organized to take on the requirements of hoteliers, bakers, marriage
ceremonies, big events and homes. The
super market has huge parking space. In February 2012 we are likely to
have the road going through the City Corporation Office which will facilitate
movement of traffic through our outlet thus increasing the foot falls in our
super market. Besides grocery we also have house
hold items like stationary, utensils, pots and pans, under garments,
blankets, bed sheets, toys etc. The goods are displayed item wise in racks
imported from international market and the floor is done so well and it will
not stand second to any international super markets in
ambiance backed by soft music all the time. Shoppers enjoy shopping in
the super market. It has four POSs with computerized billing system.
Paid up Capital :
NU 5 crores.
Turnover
: NU 7 crores
Payments are reported to be correct and regular as per commitments. Trade relations are fair. Consider good for normal business Engagement as usual trade terms & condition.
MANAGEMENT NON
CO-OPERATIVE
TEL NO.:
00975-2-339902
00975-2-336949
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.35 |
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|
1 |
Rs.100.66 |
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Euro |
1 |
Rs.70.47 |
INFORMATION DETAILS
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Information
Gathered by : |
SUP |
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.