MIRA
INFORM REPORT
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Report Date : |
23.12.2008 |
IDENTIFICATION DETAILS
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Name : |
LAKSHAN
ENTERPRISES |
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Registered Office : |
# 103/22, Paramanadha Vihara Mawatha, |
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Country : |
Sir Lanka |
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Legal Form : |
Proprietorship
Company |
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Line of Business : |
Importers of Food
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 Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
GENERAL - Basic information at a glance
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Name of Subject of
Inquiry |
: |
LAKSHAN
ENTERPRISES |
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Legal Form & Status |
: |
Proprietorship
Company (In operation) |
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Proprietor |
: |
Mr. Gajendran |
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Primary Line of
Business |
: |
Importers of food
items |
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Place of Business |
: |
# 103/22, Paramanadha Vihara
Mawatha, |
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No. of Employees |
: |
-Not Disclosed- |
COMPANY DETAILS - Registration and
Shareholder Details
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Registration No |
: |
-Not Disclosed- |
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Date of Registration |
: |
-Not Disclosed- |
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Registered Office |
: |
# 103/22, Paramanadha Vihara Mawatha, |
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Properiter |
: |
Mr. Gajendran |
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: |
-Not Disclosed- |
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Bankers |
: |
Bank of |
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FINANCIAL
DETAILS - Most recent available Financial Information
THE COMPANY HAS DECLINED TO PROVIDE ANY FINANCIAL INFORMATION
CURRENT INVESTIGATION
- History.
The Subject Company
LAKSHAN ENTERPRISES is Proprietorship Company
- Location.
The Subject Company
is located at the client given address # # 103/22, Paramanadha Vihara Mawatha,
- Operations
Details.
General
The subject company
primary line of business is Importers and Exporters of food items
Products
Food items
Countries
Employees
-Not Disclosed-
- Financial
Data
The company has
declined to provide information on its finances
General Comments
When the
Subject Company was contacted they were very cooperative and polite in
providing the information given in this report, however they were reluctant to provide
financial and any other background information that would have been useful to
enhance this report.
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.48.99 |
|
|
1 |
Rs.72.49 |
|
Euro |
1 |
Rs.68.44 |
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%)