MIRA
INFORM REPORT
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Report Date : |
12.05.2007 |
IDENTIFICATION DETAILS
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Name : |
KEGALU FRESH
FRUITS COMPANY |
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Registered Office : |
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Country : |
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Date of Incorporation : |
25th July 1997 |
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Com. Reg. No.: |
K/A/ 0000611 |
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Legal Form : |
Partnership Company |
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Line of Business : |
Importers & Distributors of fresh fruits |
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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KEGALU FRESH
FRUITS COMPANY |
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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. M.N. Bandara |
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Primary Line of
Business |
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Importers & Distributors of fresh fruits |
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Head office & Place of Business |
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Ranwala Kegalle Tel : (00 94) 35 222 9720 Fax : (00 94) 35 222 9669 |
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Warehouse / Sales
Outlet |
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Pallapana Galigamuwa Kegalle Tel : (00 94) 35 222 9672 |
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No. of Employees |
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105 |
COMPANY DETAILS - Registration and
Shareholder Details
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Registration No |
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K/A/ 0000611 |
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Date of Registration |
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25th July 1997 |
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Registered Office |
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Partners |
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Mr. M.N. Bandara |
Managing Partner |
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Mrs. D.A.K. Bandara |
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 KEGALU FRESH FRUITS COMPANY is a Partnership Company incorporated in 25th July 1997.
Location
The Subject Company is located at the client given address.
Operational Details
General
The subject company primary line of business is an importer of fresh fruits and distributor to island wide and through their own two outlets.
Products
The
subject company is importing mainly apples , oranges and Graphs.
Country
Employees
The total strength of employees in the group was stated as 105
Financial Data
The Managing director also stated that the companies expected revenue for the year 2006 is approximately 3million SL Rupees.
General Comments
With grade
difficulty and persuasion we convinced
the partner to give us background information pertaining to the company
and he finally gave us the details that are in this report. He declined to
provide any financial information but only provide the budget sales for 2006
will be in the region of 3 million SL Rupees.
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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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%)