MIRA
INFORM REPORT
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Report Date : |
21.08.2007 |
IDENTIFICATION DETAILS
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Name : |
JAYES TRADING CO, |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09th May
1975 |
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Com. Reg. No.: |
W 2866 |
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Legal Form : |
Partnership Company |
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Line of Business : |
Importer of Chemicals, Raw Materials and Solvents. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
GENERAL - Basic information at a
glance
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Name of Subject
of Inquiry |
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JAYES TRADING CO, |
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Legal Form
& Status |
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Partnership
Company (In Operation) |
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Managing Partner |
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Mr. Nadarajah
Ramachandran |
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Primary Line of
Business |
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Importer of Chemicals, Raw Materials and Solvents. |
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Head
Office |
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Colombo-11. Tel. No: (00 94 11) 243 0262/ 533 3183 Fax No: (00 94 11) 2449514 E-mail : jeychan@sltnet.lk
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Ware
Houses |
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# 855, Danister De Silva Mawatha, Tel. No: (00 94 11) 245 9803/ 245 9805 Fax No: (00 94 11) 245 9804 # 133B, Wattala. Tel. No: (00 94 11) 293 5427/ 293 5428 Peliyagoda. Tel. No: (00 94 11) 243 5429 |
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No.
of Employees |
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Approximately 125 employees |
COMPANY DETAILS - Registration and
Shareholder Details
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Registration No |
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W 2866 |
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Date of Registration |
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09th
May 1975 |
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Registered Office |
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Partners |
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Mr. Nadarajah Ramachandran |
Managing Partner |
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Mr. Karthik Ramachandran |
Partner |
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Auditors |
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-Not Disclosed- |
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Company Secretaries |
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-Not Disclosed- |
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Bankers |
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-Not Disclosed- |
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CURRENT INVESTIGATION
History
The Subject Company JACEY TRADING CO is a Partnership Company incorporated on 09th May 1975.
Location
The Subject Company is located at the client given address # 106, Bankshall Street, Colombo-11. They also has three ware houses for bulk/ solvents/ General products.
Operational
Details
General
The subject company primary line of business is Importers of Chemicals, Raw Materials and Solvents.
Products
Chemicals for Adhesives/ Batteries/
ceramics/ Cosmetics/ Fibre/ Food/
Import Countries
Employees
The employee strength of the subject
company is approximately 125 employees.
Financial Data
The company has declined to provide information on its finances.
General Comments
When the Managing Partner was contacted he was very cooperative and polite in providing the information given in this report, however he was reluctant to provide financial and any other background information that would have been useful to enhance this report.
Trade references
The subject company did not provide any trade reference referrals
Credit Recommendations
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.
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. |
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)