MIRA
INFORM REPORT
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Report Date : |
20.09.2007 |
IDENTIFICATION DETAILS
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Name : |
NAWAKRAMA (PVT) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10th January 1986 |
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Com. Reg. No.: |
N (PVS) 2341 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importers, Manufacturers and Dealers of Pharmaceuticals items. |
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. |
Small |
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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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NAWAKRAMA (PVT)
LTD |
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Legal Form & Status |
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Private Limited Liability Company (In operation) |
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C.E.O |
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Mr. Jayantha Dharmadasa |
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Primary Line of Business |
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Importers,
Manufacturers and Dealers of Pharmaceuticals items. |
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Head Office & Place of
Business |
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Peliyagoda.
Tel.
No: (00 94 11) 534 4444/ 291 3911 Fax No: (00 94 11) 534 4400/ 291 3910 E-mail: nawak@slt.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) 2341 |
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Date of
Registration |
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10th January 1986 |
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Registered
Office |
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Board Of
Directors As At 12th
January 2007 |
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Mr. Jayantha Dharmadasa |
CEO |
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Mr. Chamitha
Sreeni Dharmadasa |
Director |
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Mr. Ugitha
Harshana Dharmadasa |
Director |
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Authorised Share
Capital |
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Rs. 25,000,000.00 |
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Issued Share
Capital |
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Rs. 15,000,000.00 |
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Nominal Value of
Share |
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Rs. 10.00 |
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Share Holders As At 12th
January 2007 |
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Share Holders |
No of Shears |
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Mr. Jayantha Dharmadasa |
1,000,000 |
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Mr. Chamitha
Sreeni Dharmadasa |
250,000 |
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Mr. Ugitha
Harshana Dharmadasa |
250,000 |
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Secretaries
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Consultants & Corporate Secretaries (Pvt) Ltd |
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Auditors |
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Abeyrathne & Company |
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Bankers |
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-Not Disclosed- |
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CURRENT INVESTIGATION
History
The Subject Company NAWAKRAMA (PVT) LTD is a Private Limited liability Company incorporated in 10th January 1986.
The subject company have four subsidiary companies given below.
Nawatex (Pvt) Ltd
Koala (Pvt) Ltd
Koala Steel Fabrication
Nawaloka Trading Company Ltd
Location
The Subject Company is located at the client given address.
Operations Details
General
The subject company primary line of business is Importers, Manufacturers and Dealers of Pharmaceuticals, Etc.
Products
Pharmaceuticals, Medical Equipment, Diagnostics, Vaccines, Surgical Products, Dental Products, Insulation Materials, Waterproofing Products.
Country
-Not Disclosed-
Employees
-Not Disclosed-
Financial Data
The company has declined to provide information on its finance.
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.
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. |
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%)