MIRA
INFORM REPORT
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Report Date : |
29.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
PARAMOUNT EXPORTERS |
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Registered Office : |
# 95/1, Peer Saibu Street, Colombo 12 |
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Country : |
Sri Lanka |
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Date of Incorporation : |
07.11. 1979 |
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Com. Reg. No.: |
WA 29298 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Importer and Distributors of Animal foods and Raw Materials |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
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PARAMOUNT EXPORTERS
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Legal Form & Status |
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Proprietorship
(in operation) |
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Proprietor |
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Mr. K.
Palaniandy |
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Primary Line of Business |
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Importer and Distributors of
Animal foods and Raw Materials |
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Office / Place of Business |
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#151, Old Moor Street , Colombo- 12 Tel. No: (00 94 11) 2431962,2331257,2331258 Fax No: (00 94
11) 2449359 |
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No. of Employees |
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12+ |
COMPANY DETAILS - Registration and Shareholder Details
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Registration No |
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WA 29298
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Date of
Registration |
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07th November 1979 |
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Registered
Office |
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# 95/1, Peer Saibu Street, Colombo 12 Sri
Lanka. |
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Proprietor |
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Mr. K. Palaniandy |
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FINANCIAL DETAILS - Most recent available
Financial Information
THE COMPANY HAS DECLINED TO PROVIDE ANY FINANCIAL INFORMATION
CURRENT INVESTIGATION
The Subject
Company PARAMOUNTEXPORTRES is a Proprietorship
Company incorporated in 07th February 1979.
The subject company is an Importer and Distributors of Animal foods and Raw Materials operating from the client given address at
# 151, Old Moor Street Colombo 12 Sri Lanka.
The subject
company, PARAMOUNT EXPORTRES agreed to be interviewed to provide limited
information for the preparation of this report but declined to provide
information on its finances. However, the subject company did not provide any
trade reference referrals. At the interview they indicate that Subject Company
is distributing animal foods items to
all over the country.
Mr. K. Palaniandy Proprietor of the
subject company is also the proprietor of the following companies;
·
T.M.K.
MARKETING SERVICES
·
SUNDARAM
STORES
The marketing of
all goods imported by the company is carried out by T.M.K. MARKETING
SERVICES while the goods imported is retailed and warehoused at SUNDARAM
STORES
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.
Company Visiting Card Attach Below
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%)