MIRA
INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
KARUNARATNA & COMPANY |
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Registered Office : |
# 481/48, Salmal uyana, Rajasinghe
Mawatha, Udumulla, Mulleriyawa. |
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Country : |
Sri Lanka |
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Date of Incorporation : |
17.12.1984 |
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Com. Reg. No.: |
W 42102 |
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Legal Form : |
Partnership Company |
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Line of Business : |
Importers and Distributors of Ayurvedic Drugs |
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 |
: |
KARUNARATNA & COMPANY |
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Legal Form & Status |
: |
Partnership
Company (In Operation) |
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Managing Partner |
: |
Mr.Chaminda
Karunaratna |
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Primary Line of Business |
: |
Importers and Distributors of Ayurvedic Drugs |
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Place of
Business |
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# 481/48, Salmal
uyana, Rajasinghe Mawatha, Udumulla, Mulleriyawa. Tel. No: (00 94 11) 257 8905 Fax No: (00 94 11) 257 8905 Mobile: (00 94 77) 651 5525 - Mr.Chaminda Karunaratna E-mail: karunacom@gmail.com |
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No. of Employees |
: |
Approximately 06 |
COMPANY DETAILS - Registration and Shareholder Details
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Registration No |
: |
W 42102 |
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Date of
Registration |
: |
17th December 1984 |
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Registered
Office |
: |
# 481/48, Salmal uyana, Rajasinghe
Mawatha, Udumulla, Mulleriyawa. |
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Partners |
: |
Mr. A. K. D.
Chandrasena Karunarathne |
Partner |
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Mr.Chaminda Karunaratna |
Partner |
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Mrs.A. A. Murean Nona |
Partner |
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Secretaries
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:
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-Not Applicable- |
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Auditors |
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-Not Disclosed- |
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Bankers |
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Commercial 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 KARUNARATNA & COMPANY is a Private Limited liability
Company incorporated in 17th December 1984.
·
Location.
The Subject
Company is located at the client given address. # 481/48, Salmal uyana, Rajasinghe
Mawatha, Udumulla, Mulleriyawa.
·
Operations
Details.
General
The subject company
primary line of business is Importers
and Distributors of Ayurvedic Drugs
Products
Ayurvedic Drugs,
Medical Herbal and Roots
Country
India, Pakistan
and China
Employees
Approximately 06
·
Financial Data
The company has declined to provide information on its finances
·
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.
·
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.48.74 |
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UK Pound |
1 |
Rs.85.19 |
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Euro |
1 |
Rs.66.12 |
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%)