MIRA
INFORM REPORT
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Report Date : |
23.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SRI THIRUPPATHY (PVT) LIMITED |
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Registered Office : |
# 130, 4th |
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Country : |
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Date of Incorporation : |
9th March 1998 |
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Com. Reg. No.: |
N (PVS) 20795 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importer, Distributor and commission agent for all types
of Commodities. |
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 : |
Unknown |
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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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SRI THIRUPPATHY (PVT) LIMITED
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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. R. Thiruvathirai |
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Primary Line of Business |
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Importer, Distributor and commission agent for all types of Commodities. |
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Place of Business |
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Tel. No: (00 94 11) 242 4481 /
232 9676 Fax No: (00 94 11) 234 2682 |
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No. of Employees |
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Approximately 06 employees |
COMPANY DETAILS - Registration and
Shareholder Details
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Registration No |
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N (PVS) 20795 |
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Date of Registration |
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9th March 1998 |
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Registered Office |
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# 130, 4th |
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Board Of Directors As At 31st December 2005 |
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Mr. Ramalingam Thiruvathirai |
Managing Director |
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Mr. Ramalingam Ganeshamoorthy |
Director |
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Mrs. Ratneshwari Thiruvathirai |
Director |
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Mrs. Rajeshwari Ganeshamoorthy |
Director |
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Authorised Share Capital |
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Rs. 10,000,000.00 |
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Issued Share Capital |
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Rs. 7,500,000.00 |
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Nominal Value of
Share |
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Rs. 1,000.00 |
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Share Holders As At 31st
December 2005 |
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Share Holders |
No of Shears |
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Mr. Ramalingam Thiruvathirai |
4,500 |
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Mr. Ramalingam Ganeshamoorthy |
1,500 |
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Mrs. Ratneshwari Thiruvathirai |
750 |
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Mrs. Rajeshwari Ganeshamoorthy |
750 |
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Secretaries
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A.S.R.R Secretarial Services (Pvt) Ltd |
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Auditors |
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A.S.R.Associates |
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CURRENT INVESTIGATION
History
The Subject Company SRI THIRUPPATHY (PVT) LTD is a Private Limited liability Company incorporated in 9th March 1998.
Location
The Subject Company is located at the client given address #
130, 4th Cross Street,
Operations Details
General
The Subject Company primary line of business is Importer, distributor and commission agent for all types of Commodities.
Products
Onion, Potato and Chilli.
Country
Employees
The employee strength of the subject company is approximately 06 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.
ANALYSIS & RATING
- Appraisal and Rating
of Subject Company
Rating:
Market Situation : Very Competitive
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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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%)