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MIRA
INFORM REPORT
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Report Date : |
23rd
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
BELA INTERNATIONAL (PVT) LTD. |
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Registered Office : |
# 410/
80, Baudhaloka Mawatha, Colombo-07. |
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Country : |
Sri
Lanka |
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Date of Incorporation : |
25.04.1997 |
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Com. Reg. No.: |
N
(PVS) 18934 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importers
and Distributors of Power and Telecommunications. |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
GENERAL
Basic information at a glance
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a. |
Name of Subject of Inquiry |
: |
BELA INTERNATIONAL (PVT) LTD |
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b. |
Legal Form & Status |
: |
Private Limited Liability Company (In operation) |
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c. |
Managing Director
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: |
Mr. Chanaka Benjamin |
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d. |
Primary Line of Business |
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Importers
and Distributors of Power and Telecommunications. |
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e. |
Head Office & Place of Business |
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# 410/ 80, Baudhaloka Mawatha, Colombo-07. Tel. No: (00 94 11) 534 4866 Fax No:
(00 94 11) 534 4877 E-mail:
info@belagroup.com |
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f. |
No. of Employees |
: |
Approximately 60 |
COMPANY DETAILS
Registration and Shareholder Details
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a. |
Registration No |
: |
N
(PVS) 18934 |
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b. |
Date of
Registration |
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25th April 1997 |
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c. |
Registered Office |
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# 410/ 80, Baudhaloka Mawatha, Colombo-07. |
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d. |
Board Of Directors As At 25th April 2006 |
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Chanaka Benjamin |
Managing Director |
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J.
Gnanam Benjamin |
Director |
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N.
Samantha Lal Galagama |
Director |
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D.
Chathrika Gunaratne |
Director |
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e. |
Authorised Share
Capital |
: |
Rs. 10,000,000.00 |
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f. |
Issued Share
Capital |
: |
Rs. 8,045,650.00 |
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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 25th April 2006 |
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Share Holders |
No of Shears |
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Chanaka
Benjamin |
784,564 |
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D. G.
G. Rienzie Fernando |
20,000 |
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M.
Farzad Mihilar |
01 |
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i.
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Secretaries
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:
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RNH Holdings (Pvt) Ltd |
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j. |
Auditors |
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Wickremasinghe Dayananda &Co. |
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k. |
Bankers |
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-Not Disclosed- |
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CURRENT INVESTIGATION
History.
The
Subject Company BELA INTERNATIONAL (PVT)
LTD is a Private Limited liability Company incorporated on 25th
April 1997.
The
subject company is a subsidiary company of BELA
GROUP OF COMPANIES.
Location.
The Subject Company is located at #
410/ 80, Baudhaloka Mawatha, Colombo-07.
Operational Details.
General
The subject company primary line of activity
is Importers and Distributors of Power and Telecommunication equipment.
The subject company claims that they are
appointed
to be SIEMENS local partner in Power
Transmission and Distribution (PTD) M and Power Generation Automation
(PG) A.
Power Generation Automation
TELEPERM XPadd
Software Centric Distributed Control System (DCS) for the fibre age
SIMEX-G Static Excitation Systems for every synchronous generator
SIMEA-T Turbine Control System the powerful versatile, state-of-the-art digital
control system
Vision
is to be a “BLUE CHIP” corporate organization in Sri Lanka, by
offering a diversified product and service range along with value for
investment to our customers paying due consideration to quality.
Mission
is to grow faster than the competition and to achieve sufficient
profits to finance our group’s growth, by better understanding and serving the
requirements of our customers.
Products
LV Switchgear, panels, medium voltage and
high voltage systems, etc.
Import Countries
India, Germany, France, Turkey, China,
Italy, etc.
Employees
The employee strength of the subject company is approximately 60
employees.
Financial Data
The company has declined to
provide information on its finances
General Comments
The subject company when contacted refuse to provide any
information to prepare this report and declined to disclose any operational or
financial information, However all information received is from non-formal
sources but clearly originating from the company.
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/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 |
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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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