MIRA INFORM REPORT

 

 

Report Date :

12.05.2007

 

IDENTIFICATION DETAILS

 

Name :

NEW TOP FOODS (PVT) LTD

 

 

Registered Office :

# 42, Dam Street, Colombo 12

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

27th June 2003

 

 

Com. Reg. No.:

N (PVS) 34224

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

--

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NR

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

Status :

Undetermined

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

 

GENERAL - Basic information at a glance

     

Name of Subject of Inquiry

:

NEW TOP FOODS (PVT) LTD

Legal Form  & Status

:

Private Limited Liability Company    (In operation)

Head Office

&

Place of Business

 

:

 

 # 42, Dam Street,

Colombo 12.

           

           

Tel. No: (00 94 11) 244 5187

Fax No: (00 94 11) 244 5187

 

Residence : Tel. No: (00 94 66) 228 4203

                     Fax No: (00 94 66) 228 5244

 

 

 

COMPANY DETAILS  - Registration and

Shareholder Details

 

Registration No

:

N (PVS) 34224

Date of Registration

:

27th June 2003

Registered Office

:

# 42, Dam Street, Colombo 12.

Board Of Directors

As At

14th January 2006

:

Mr.M.I. Abdul Hassan

Director

Mr.M.I.Mohamed Shafie

Director

Mr.M.I. Mohamed Rauf

Director

Mr.M.I. Mohamed Nazar

Director

Mr.M.I. Mohamed Riyas

Director

Mr.M.I. Mohamed Razmi

Director

Authorised Share Capital

:

Rs. 1,000,000.00

Issued Share Capital

:

Rs.             60.00

Nominal Value of Share

:

Rs.             10.00

 

Share Holders

As At

14th January 2006

:

 Share Holders

No of Shears

Mr.M.I. Abdul Hassan

01

Mr.M.I.Mohamed Shafie

01

Mr.M.I. Mohamed Rauf

01

Mr.M.I. Mohamed Nazar

01

Mr.M.I. Mohamed Riyas

01

Mr.M.I. Mohamed Razmi

01

Secretaries

:

Business Allied Services Pvt Ltd

Auditors

:

Ratnayake T.A. & Company

Bankers

:

-Not Disclosed-

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions