MIRA
INFORM REPORT
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Report Date : |
21.05.2007 |
IDENTIFICATION DETAILS
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Name : |
SVP TRADING COMPANY (PVT) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
06th
JULY 1984 |
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Com. Reg. No.: |
N (PVS) 1188 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importer and distributor of Raw Material for engineering
Industries |
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 : |
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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SVP TRADING COMPANY (PVT) LTD |
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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.Periyanadar Athisayapothy |
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Primary Line of
Business |
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Importer and distributor of Raw Material for engineering Industries. |
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Head Office & Place of Business |
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Tel. No: (00 94
11) 244 6418 Fax No: (00 94 11)
233 6198 E-mail:
svptd@sltnet.lk |
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No. of Employees |
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- Not Disclosed- |
COMPANY DETAILS - Registration and
Shareholder Details
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Registration No |
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N (PVS) 1188 |
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Date of
Registration |
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06th
JULY 1984 |
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Registered Office |
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Board Of Directors As At 31st
December 2006 |
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Mr.Periyanadar Athisayapothy |
Managing Director |
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Mr.V.Nadar Varatharaj |
Director |
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Mr.V.Suadara Kumar |
Director |
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Mr.Athisayapothy Baskar |
Director |
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Mr.A.Velmuthu Varatharay |
Director |
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Authorised Share
Capital |
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Rs. 1,000,000.00 |
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Issued Share
Capital |
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Rs. 1,000,000.00 |
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Nominal Value of
Share |
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Rs. 100.00 |
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Share Holders As At 31st
December 2006 |
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Share Holders |
No of Shears |
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Mr.Periyanadar Athisayapothy |
5,000 |
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Mr.V.Nadar Varatharaj |
5,000 |
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Secretaries |
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Integrated
Management Services |
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Auditors |
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Manoharan &
Sangakkara |
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Bankers |
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-Not Disclosed- |
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CURRENT INVESTIGATION
History
The Subject Company SVP TRADING COMPANY (PVT) LTD is a Private Limited liability Company incorporated in 06th JULY 1984.
Location
The Subject Company is located at the client given address.
Operations Details
General
The subject company primary line of business is an Importer and distributor of Raw Material for engineering Industries.
Products
Plastic Mould Steel, High Carbon Steel Rods, Vee Pulleys, Shafting & Hexagonal Rods, Die Steel & Tool Steel, Carbon Steel Rods & Flats, Copper Rods , Flats & Sheets.
Country
Employees
- not Disclosed-
Financial Data
The company has declined to provide information on its finances.
General Comments
The company when approached for information on its operation and etc did provide background information, but declined to provide any financial information whatsoever.
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 computerized 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:
Business Scale Small / Medium
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%)