LTD%2018-Mar-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
18.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
E – SCREEN SYSTEMS (PVT)LTD |
|
|
|
|
Registered Office : |
# 638, High Level Road, Nugegoda |
|
|
|
|
Country : |
Sri Lanka |
|
|
|
|
Date of Incorporation : |
26.12.2006 |
|
|
|
|
Com. Reg. No.: |
N(PVS) 49048 |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business : |
Importer and Distributor of Chemical for Screen Print |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
New and Small Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
GENERAL - Basic information at a glance
|
Name of Subject of Inquiry |
: |
E – SCREEN SYSTEMS (PVT)LTD |
|
Legal Form & Status |
: |
Private Limited
Liability Company (In Operation) |
|
Managing Director |
: |
Mr. M.Iqbal
Ayoob |
|
Primary Line of Business |
: |
Importer and distributor of chemical for screen print |
|
Place of Business |
: |
# 255 , Main Street, Colombo -11 Tel. No: (00 94 11) 243 5689 / 243 5350 Fax No: (00 94 11) 2445123 Mobile: (00 94
77) 788 8786 - M.Eahan Iqbal E-mail : everchem@cga.lk |
|
Number of Employees |
: |
-
Not Disclosed - |
COMPANY DETAILS - Registration and Shareholder Details
|
Registration No |
: |
N(PVS) 49048 |
|
|
Date of
Registration |
: |
26th December 2006 |
|
|
Registered
Office |
: |
# 638, High Level Road, Nugegoda |
|
|
Board of Directors As At 22nd December 2006 |
: |
M.Iqbal Ayoob |
Director |
|
M.Ifzal Iqbal |
Director |
||
|
M.Eahan Iqbal |
Director |
||
|
M.I.Mohamed
Mubeen |
Director |
||
|
M.A.Abdul Kareem |
Director |
||
|
Authorised Share
Capital |
: |
Rs.
10,000,000.00 |
|
|
Issued Share
Capital |
: |
Rs. 7,075,000.00 |
|
|
Nominal Value of
Share |
: |
Rs. 10.00 |
|
|
Share Holders As At 22nd December 2006 |
: |
N.Nissa Iqbal |
150,000 |
|
F.Banu Ifzaz |
127,500 |
||
|
B.Banu Karim |
112,500 |
||
|
S.Banu Eshan |
112,500 |
||
|
H.Banu Mubeen |
112,500 |
||
|
M.Iqbal Ayoob |
50,000 |
||
|
M.Ifzal Iqbal |
42,500 |
||
|
Auditors |
: |
- Not Disclosed - |
|
|
Company
Secretaries |
: |
-
Not Disclosed - |
|
|
Bankers |
: |
-
Not Disclosed - |
|
FINANCIAL DETAILS - Most recent available
Financial Information
THE COMPANY HAS DECLINED TO PROVIDE INFORMATION
ON ITS FINANCES
current investigation
·
History.
The Subject
Company E – SCREEN SYSTEMS (PVT) LTD is a Private Limited liability
Company incorporated in 26th
December 2006.
·
Location.
The Subject
Company is located at the client given address # 255 , Main Street,Colombo -11. The subject company is located at
the commercial building and situated
at central wholesale market.
·
Operational
Details.
General
The subject company primary
line of business is an Importer and
distributor of chemical for screen print.
Products
Chemical for
screen print.
Import Country
Taiwan , UK and
Japan.
Employees
- Not Disclosed-
·
Financial Data
The company has declined to provide information
on its finances
·
General Comments
When we contacted 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
·
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.
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%)