MIRA
INFORM REPORT
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Report Date : |
28.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARUNA TRADERS LTD |
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Registered Office : |
# 102, High Level Road, Moraketiya, Pannipitiya |
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Country : |
Sri Lanka |
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Date of Incorporation : |
01st June 1998 |
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Com. Reg. No.: |
N (PVS) 21334 |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
Dealers in Meats, Fish and all Grocery items (Mini Super Market) |
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 : |
No Complaints |
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Litigation : |
Clear |
GENERAL - Basic information at a glance
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Name of Subject of Inquiry |
: |
ARUNA TRADERS LTD |
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Legal Form & Status |
: |
Private Limited
Liability Company (In operation) |
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Managing
Director |
: |
P. G. Aruna
Rohitha |
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Primary Line of Business |
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Dealers in Meats, Fish and all grocery items (Mini Super Market) |
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Head Office & Place of
Business |
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# 17/2, Dutugamunu Mawatha, Peliyagoda Tel. No: (00 94 11) 284 1333 Fax No: (00 94
11) 284 2198 |
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No. of Employees |
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Approximately 10 |
COMPANY DETAILS - Registration and Shareholder Details
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Registration No |
: |
N (PVS) 21334 |
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Date of
Registration |
: |
01st June 1998 |
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Registered
Office |
: |
# 102, High Level Road, Moraketiya,
Pannipitiya |
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Board Of
Directors As At 17th
November 2004 |
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P. G. Aruna
Rohitha |
Managing
Director |
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Y. N. Kumarage |
Director |
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Authorised Share
Capital |
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Rs. 1,000,000.00 |
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Issued Share
Capital |
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Rs. 20.00 |
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Nominal Value of
Share |
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Rs. 10.00 |
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Share Holders As At 17th
November 2004 |
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Share Holders |
No of Shears |
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P. G. Aruna Rohitha |
01 |
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Y. N. Kumarage |
01 |
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Secretaries
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:
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Business Allied Services (Pvt) Ltd |
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Auditors |
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Ratnayake T.A & Co |
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Bankers |
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Bank of Ceylon, Peoples Bank |
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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 ARUNA TRADERS LTD is a Private
Limited liability Company
incorporated in 01st June 1998.
·
Location.
The Subject Company is located at the client
given address# 17/2, Dutugamuna Mawatha,
Peliyagoda.
·
Operations
Details.
General
The subject company primary
line of business is Importers,
Manufactures, Processors, Assemblers, Exporters, Dealers in food, Grocery
Items, Daily needs and products of any Description for commercial agricultural,
Industrial personal or domestic use.
Products
Food, Grocery
Items, Daily need items
Country
Only Local
Products. They are not importing goods
Employees
Approximately 10
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
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 |
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US Dollar |
1 |
Rs.42.30 |
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UK Pound |
1 |
Rs.84.03 |
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Euro |
1 |
Rs.66.42 |
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%)