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MIRA
INFORM REPORT
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Report Date : |
14th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
NATURES BOUNTY (PVT) LTD |
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Registered Office : |
# 163/1, Polhengoda Road, Colombo – 05. |
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Country : |
Sri Lanka |
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Date of Incorporation : |
26th JUNE 1995 |
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Com. Reg. No.: |
N (PVS) 15235 |
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Legal Form : |
Private Limited Liability Company (In operation) |
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Line of Business : |
Exporters of fresh fruits, Vegetables and Coir
base Products |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Undetermined
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Payment Behaviour : |
-- |
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Litigation : |
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GENERAL - Basic information at a glance
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Name
of Subject of Inquiry |
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NATURES BOUNTY (PVT) LTD |
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Legal Form & Status |
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Private Limited Liability Company
(In operation) |
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Managing Director |
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Mr. Andre Wilhelm
Balthazaar |
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Primary
Line of Business |
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Exporters of fresh fruits, Vegetables and
Coir base Products |
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Head Office & Place of Business |
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# 322, Galle
Road, Mount Lavinia, Tel. No: (00 94 11) 2731416 / 2724921 Fax No: (00 94 11) 2823892 E-mail:andre@sltnet.lk |
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No. of Employees |
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Approximately 10 |
COMPANY DETAILS - Registration and Shareholder Details
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a. |
Registration No |
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N (PVS) 15235 |
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b. |
Date of Registration |
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26th
JUNE 1995 |
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c. |
Registered Office |
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# 163/1,
Polhengoda Road, Colombo – 05. |
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d. |
Board Of Directors As At 13th Feb 2006 |
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Mr. Andre Wilhelm
Balthazaar |
Managing Director |
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Mrs. Kumuthu Balthazaar |
Director |
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e. |
Authorised Share Capital |
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Rs.
10,000,000.00 |
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f. |
Issued Share Capital |
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Rs. 20.00 |
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g. |
Nominal Value of Share |
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Rs. 10.00 |
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h. |
Share Holders As At 15th Jan 2006 |
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Share Holders |
No of Shears |
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Mr. Alexander Jude Wihelm Balthazaar |
01 |
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Mr. Andre Wilhelm
Balthazaar |
01 |
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i.
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Secretaries
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C
.A .S. Corporate Services (Pvt) Ltd |
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j. |
Auditors |
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S.
Umasuthan & Company |
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k. |
Bankers |
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-Not
Disclosed- |
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FINANCIAL DETAILS - Most recent available
Financial Information
THE COMPANY HAS DECLINED TO PROVIDE
INFORMATION ON ITS FINANCES
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A |
Revenue |
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B |
Cost of Sales |
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C |
Gross Profit |
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D |
Other Income |
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E |
Administration
Expenses |
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F |
Distribution
Expenses |
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G |
Financing
(cost)/Income |
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H |
Net Profit /
(Loss) before Tax |
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I |
Income Tax
(expenses)/ Release
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J |
Net Profit /
(Loss) After Tax: |
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FINANCIAL DETAILS - Most recent available
Financial Information (Cont/d….)
THE COMPANY HAS DECLINED TO PROVIDE
INFORMATION ON ITS FINANCES
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a) |
Non-current
Assets |
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b) |
Investment |
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c) |
Current Assets |
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d) |
Current
Liability |
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e) |
Non-current
liability |
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f) |
Total
Liabilities |
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g) |
Total Assets |
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h) |
Net Worth |
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CURRENT INVESTIGATION
The
Subject Company NATURES BOUNTY
(PVT) LTD is a
Private Limited liability Company incorporated in 26th June 1995.
The subject company is located at the
client given address # 322, Galle Road,
Mount Lavinia.
The subject company NATURES BOUNTY (PVT) LTD, primary nature of business is 100%
Export of fresh
fruits, Vegetables and Coir base
Products. The subject company has an associate Company known as Westpack (PVT) LTD located at the same
client given address. The Westpack (PVT)
LTD is a manufacture of Coir
base Products and transfer to associate company of NATURES BOUNTY (PVT) LTD for exports.
The employee
strength of the subject company is approximately 10 employees.
When the subject company was contacted we were
informed that the Managing director is not contactable and therefore they
cannot provide any operational or financial information to prepare this report.
However the information provided is from non formal sources but clearly
originating from the company.
Since no
financial information has been forthcoming from the company, it is not possible
to comment on the merits or otherwise of the company.
No computerised data bases exist to make checks whether the partners or
the company has any legal action or lawsuit initiated against any of them but
informal (but not in-depth) checks do not indicate any such cases in the public
knowledge.
The subject company did not provide any trade reference referrals.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |