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MIRA
INFORM REPORT
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Report Date : |
25.11.2008 |
IDENTIFICATION DETAILS
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Name : |
MANISHA POLYMERS (PVT) LTD |
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Registered Office : |
38, |
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Country : |
Sir Lanka |
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Date of Incorporation : |
30.07.2007 |
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Com. Reg. No.: |
PV 60843 |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
Importing, Manufacturing and Recycling of Polymer Products of all
kinds and every description |
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 : |
New 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 |
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MANISHA POLYMERS (PVT) LTD |
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Legal Form & Status |
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Private Limited
Liability Company (In operation) |
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Managing
Director |
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Mr. Rosanth
Lakshan Madurasinghe |
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Primary Line of Business |
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Importing, manufacturing and recycling of polymer products of all
kinds and every description |
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Head Office |
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Tel. No: (00 94 11) 257 3832 / 257 4852 Fax No: (00 94
11) 257
4341 Mobile No:(00 94 77) 723 8930–Mr. Chaminda
Silva (Accountant) |
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Factory |
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# 124, Kelani Mulla, Angoda Tel No: (00 94 31) 225 9451 |
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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 |
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PV 60843 |
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Date of
Registration |
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30th July 2007 |
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Registered
Office |
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Board Of
Directors As At 30th
September 2008 |
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Rosanth Lakshan
Madurasinghe |
Managing
Director |
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P. Radhika Nishani Fernando |
Director |
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Share Holders As At 30th
September 2008 |
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Share Holders |
No of Shears |
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P. Radhika Nishani Fernando |
01 |
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Rajeev Jagdishchand Khandelwal |
01 |
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Secretaries
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:
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Consultants and Corporate Secretaries (Pvt)
Ltd |
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Auditors |
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-Not Disclosed- |
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Bankers |
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-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 MANISHA POLYMERS (PVT) LTD is a Private Limited
liability Company incorporated in 30th July 2007. MANISHA POLYMERS (PVT) LTD is the subsidiary Company of Manisha (Pvt) Ltd.
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Location.
The Subject
Company is located at the client given address
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Operations
Details.
General
The subject
company primary line of business is importing,
manufacturing and recycling of polymer products of all kinds and every
description.
Products
Polymer products
Export Country
Employees
Approximately 10
·
Financial Data
The company has
declined to provide information on its finances
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General
Comments
When the Subject Company was contacted they were
very cooperative and polite in providing the information given in this report,
however they were reluctant to provide financial and any other background
information that would have been useful to enhance this report.
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Trade references
The subject
company did not provide any trade reference referrals
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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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.97 |
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1 |
Rs.75.45 |
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Euro |
1 |
Rs.64.21 |
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%)