MIRA
INFORM REPORT
|
Report Date : |
30.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
WILSON TRADING COMPANY |
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|
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Registered Office : |
# 104/7, Dam Street, Colombo 12 |
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|
|
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Country : |
Sri Lanka |
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|
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Legal Form : |
Proprietorship Company |
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Line of Business : |
Importers and Suppliers of Sugar |
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 |
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|
|
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
GENERAL - Basic information at a glance
|
Name of Subject of Inquiry |
: |
WILSON TRADING
COMPANY |
|
Legal Form & Status |
: |
Proprietorship Company (in operation) |
|
Proprietor |
: |
Mr. Wilson |
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Primary Line of Business |
: |
Importers and
Suppliers of Sugar |
|
Head Office & Place of
Business |
: |
#
104/7, Dam Street, Colombo
12 Tel.
No: (00 94 11) 243 8950 / 234 3110 /
239 0544-6 Fax No: (00 94 11) 239 0115 Mobile No:(00 94 77) 308 5058 – Kasun
Andrahennadi E-mail: CANESUGAR@LANKABIZ.NET |
|
No. of Employees |
: |
Approximately |
COMPANY DETAILS - Registration and Shareholder Details
|
Registration No |
: |
-Not Disclosed- |
||
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Date of
Registration |
: |
-Not Disclosed- |
||
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Registered
Office |
: |
-Not
Disclosed- |
||
|
Proprietor |
: |
Mr.
Wilson |
Proprietor |
|
Secretaries
|
:
|
-Not Disclosed- |
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Auditors |
: |
-Not Disclosed- |
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Bankers |
: |
-Not Disclosed- |
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FINANCIAL DETAILS - Most recent available
Financial Information
THE COMPANY HAS
DECLINED TO PROVIDE INFORMATION ON ITS FINANCES
Current investigation
·
History.
The Subject
Company WILSON TRADING COMPANY
·
Location.
The Subject Company is located at the client given
address # 104/7, Dam Street,
Colombo 12
·
Operations
Details.
General
The subject
company primary line of business is Importers
and Suppliers of Sugar
Products
Sugar
Country
-Not Disclosed-
Employees
-Not Disclosed-
·
Financial Data
The
company has declined to provide information on its finances
·
General Comments
The Subject Company has refused to provide
any information to prepare this report and declined to disclose any operational
or financial information and as such all information in this report has been
obtained from other non-formal sources but clearly originating form 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.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.27 |
|
UK Pound |
1 |
Rs.86.28 |
|
Euro |
1 |
Rs.68.24 |
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 |
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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%)