MIRA
INFORM REPORT
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Report Date : |
22.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SINCA EXPORT [PVT] LTD. |
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Registered Office : |
171, Avalon Estate, Thorayaya, Kurunegala |
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Country : |
Sri Lanka |
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Date of Incorporation : |
1999 |
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Com. Reg. No.: |
N (PUS) 27170 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of Coir Peat Blocks, Bricks, Bale, Grow Bag, Geotextile, Coir, Pots and Coir Fiber Products. |
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 : |
Slow but correct |
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Litigation : |
Clear |
name & address
SINCA EXPORT [PTY] LTD.
171, Avalon Estate, Thorayaya, Kurunegala, Sri Lanka
Tel. No. : 94-37-2235513 / 5671899 / 375670350
Fax No. : 94-37-4694373 / 2223631
E-Mail : sincaex@sltnet.lk
Website : http://www.sincaexport.com
Location : Owned [Medium sized]
establishment
1999
co. REG. NO.
N (PUS) 27170
legal status
Limited Liability Company
factory
171, Avalon Estate, Thorayaya, Kurunegala, Sri Lanka
DIRECTORS
Mr. Lasantha Galappaththi, Managing Director
Mr. Piyadasa Galappaththi, Director
business
Manufacturers of Coir Peat Blocks, Bricks, Bale, Grow Bag, Geotextile, Coir, Pots and Coir Fiber Products.
exports
Product : Coir Peat Blocks
Countries : U.S.A. and Canada
imports
Product : Raw Materials
Countries : India
trading terms
Selling : L/C, Cash and
Credit
Purchasing : Cash and Credit
customers
Wholesalers, Retailers and End Users
no. of employees
33
associates
Sinca Ceyhinz International [Pvt] Ltd.
bankers
Sampath Bank
Kurunegala
Authorised Capital
Sri Lankan Rs. 1. 000 millions
Paid-up Capital
Sri Lankan Rs. 0.100 million
FINANCIAL DATA
No financials are available from any sources.
Management remained non-cooperative during our interactions with them.
Sales Turnover
Sri Lankan Rs. 10.000 millions
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%)