MIRA
INFORM REPORT
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Report Date : |
09.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
NADEE LANKA INTERNATIONAL |
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Registered Office : |
# 161,Nadeesha ,Hariyala, Lenquwa, Melsiripura. |
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Country : |
Sri Lanka |
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Legal Form : |
Proprietorship Company |
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Line of Business : |
Importer and Wholesaler of Potatoes and Red Onions |
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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NADEE LANKA INTERNATIONAL |
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Legal
Form & Status |
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Proprietorship Company (In Operation) |
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Proprietor |
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Mr.Amarasinghe |
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Manager |
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Mr. Zahoor |
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Primary Line of Business |
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Importer and
Wholesaler of potatoes and red onions |
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Head Office & Place of Business |
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# 161,Nadeesha ,Hariyala, Lenquwa, Melsiripura. Mobile: (00 94 77) 771
7945- Mr. Zahoor Fax No: (00 94 11) 461 9554 E-mail:
zahoor_hassan@hotmail.com |
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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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- Not Disclosed- |
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Date of Registration |
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- Not Disclosed- |
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Registered Office |
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- Not Disclosed- |
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Auditors |
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- Not Disclosed- |
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Company Secretaries |
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- Not Applicable- |
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Bankers |
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Habib Bank Ltd –Second Cross street. |
FINANCIAL DETAILS -
Most recent available Financial Information
THE COMPANY HAS DECLINED TO PROVIDE
INFORMATION ON ITS FINANCES
Current investigation
·
History
The Subject
Company NADEE LANKA INTERNATIONAL is a proprietorship company.
Location
The Subject Company is located at the client
given address # 161,Nadeesha ,Hariyala,
Lenquwa, Melsiripura.
Operational Details
General
The subject
company primary line of activity is Importer
and Wholesaler of potatoes and red onions
Import Country
India &
Pakistan
Employees
Not Disclosed-
Financial Data
The company has
declined to provide information on its finances
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.
ANALYSIS & RATING
- Appraisal and Rating of Subject Company
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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. |
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%)