MIRA INFORM REPORT

 

 

Report Date :

15.02.2008

 

IDENTIFICATION DETAILS

 

Name :

D.S.G. FREIGHT FORWARDING

 

 

Registered Office :

#126 /5/10B 5th Floor, Y.M.B.A Building, Colombo -01

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

25.12.2002

 

 

Com. Reg. No.:

WPP 3137

 

 

Legal Form :

Partnership Company

 

 

Line of Business :

International freight forwarding and import of all kind of essential products.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

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

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear


GENERAL - Basic information at a glance

     

Name of Subject of Inquiry                      : D.S.G. FREIGHT FORWARDING.

Legal Form  & Status                             : Partnership Company.  (In operation)

Managing Partner                                   : Mr. B. Deenadayalan.

Primary Line of Business                        : International freight forwarding and all kind of import and export.

Head Office & Place of Business             : #126 /5/10B 5th Floor, Y.M.B.A Building, Colombo -01

                                                              Tel. No: (00 94 77) 731 8351 – Mr. B. Deenadayalan.

  Fax No: (00 94 11) 238 2936

               E-mail: dsg@yahoo.com

No. of Employees                                  : -Not Disclosed-

 

 

COMPANY DETAILS  - Registration and

Shareholder Details

 

Registration No

:

WPP 3137

Date of Registration

:

25th December 2002

Registered Office

:

 

# 3/2, Keppetipola Mawatha,Kolonnawa, Wellampitiya.

 

Partners

:

 

B. Deenadayalan.

 

Managing Partner

D. Samsuma

Partner

Secretaries

:

-Not Applicable-

Auditors

:

I.T. Solution Book Keeping and Auditing.

Bankers

:

People’s Bank.

 

 

History

 

 The Subject Company D.S.G.FREIGHT FORWARDING is a Partnership Company incorporated in 25th December 2002.

 

 

Location

 

The Subject Company was shifted from client given address # 3/2, Keppetipola Mawatha,Kolonnawa, Wellampitiya to #126 /5/10B 5th Floor,Y.M.B.A Building ,Colombo -01.

 

Operations Details

 

General

 

The subject company primary line of business is International freight forwarding and import of all kind of essential products.

 

Products

 

Essential products

 

Country

 

- Not Disclosed-

 

Employees

 

-Not Disclosed-

 

Financial Data

 

The company has declined to provide any financial information               

 

General Comments

 

When we contact the Managing Partner of the Subject Company responded well to our inquiries and provided background and financial information and as such all information in this report has been obtained from the company.

 

Trade references

 

The subject company did not provide any trade reference referrals

 

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.

 

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