MIRA INFORM REPORT

 

 

Report Date :

05.12.2011

 

IDENTIFICATION DETAILS

 

Name :

RANK CONTAINER TERMINA (PVT) LTD

 

 

Registered Office :

# 246, Avissawella Road, Orugodawatta

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

28.04.2006

 

 

Com. Reg. No.:

N (PVS) 45994

 

 

Legal Form :

Private Limited Liability Company (In operation)

 

 

Line of Business :

To Operate a warehousing and container yard with facilities of stuffing and destuffing of cargo

 

 

No. of Employees :

Approximately 250

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Sri Lanka

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 GENERAL    

- Basic information at a glance

       

Name of Subject of Inquiry

:

 

RANK CONTAINER TERMINA (PVT) LTD

 

Legal Form  & Status

:

Private Limited Liability Company (In operation)

Managing Director

 :

W. H. Ravindranath Srilal

Primary Line of Business

:

To Operate a warehousing and container yard with facilities of stuffing and destuffing of cargo

Place of Business

&

Head Office

:

 

# 246, Avissawella Road,

Orugodawatta,

Sri Lanka

 

Tel. No: (00 94 11) 462 5400 / 462 5441 / 462 5443

Fax No: (00 94 11) 462 5442

 

E Mail: info@rank.lk

 

Location: Owned

No. of  Employees

:

Approximately 250

           

 

COMPANY DETAILS 

- Registration and Shareholder Details

 

Registration No

:

N (PVS) 45994

Date of Registration

:

28th April 2006

Re-registration No

:

PV 9151

Date of Re-registration

:

10th November 2008

Registered Office

:

# 246, Avissawella Road, Orugodawatta

Board of Directors

As At

31st December 2009

:

W. H. Ravindranath Sri Lal

Managing Director

K. G. Tania De Silva

Director

M. Wasantha De Silva

Director

Serini  Dantika  Dewaraja

Director

Issued Share Capital

:

Rs.   20.00

 

Nominal Value of Share

:

Rs.   10.00      

 

Share Holders

As At

31st December 2009

:

 

                       Share Holders

No. of Shares

 

W. H. Ravindranath Srilal

01

 

K. A. G. Tania De Silva

01

 

Auditors

:

B. R. De Silva & Company

 

Company Secretaries

:

Secretaries Colombo (Pvt) Ltd

 

Bankers

:

·   HSBC

·   Hatton National Bank, Colombo Branch

·   Commercial Bank

·   Peoples Bank

 

Customer

:

Corporate

 

 

 

FINANCIAL DETAILS

- Most recent available Financial Information

 

THE COMPANY HAS DECLINED TO PROVIDE INFORMATION ON ITS FINANCES

 

 

Information parted by

(GENERAL DETAILS)

 

Name               : Tissasal Gadu

Designation     : Manager

Contact            : 00 94 11 - 4625400

Date                 : 05.12.2011

 

CURRENT INVESTIGATION

                                                          

                                                        Company Logo

 

·         History.

 

                  The Subject Company RANK CONTAINER TERMINA (PVT) LTD is a Private   Limited   Liability Company incorporated on 28th April 2006 under the registration number N (PVS) 45994, and on 10th November 2008 the Subject Company was re-registered under registration number PV 9151.

 

                 The subject company Rank Container Terminal is subsidiary of the Rank Group of  

                 Companies.

·         Location.

 

The Subject Company is located at # 246, Awissawella Road, Orugodawatta just outside the Colombo city limits. This is a highly commercial area.

 

·         Operations Details.

 

General

The subject company’s primary line of business is to operate a warehousing and container yard with facilities of stuffing and destuffing of cargo 

 

Services

                  Container scanning, verification, de-stuffing & stuffing, de-mounting & mounting, 

                  Fork-lifting, weighing, refrigeration, sealing, parking

 

No of Employees

                  Approximately 250

 

Trading Terms

Purchasing: Cash

Selling: Cash

 

·         Directors Details

 

                  01)

Name

W. H. Ravindranath Srilal

Sex

Male

Nationality

Sri Lankan

National ID No.

591903942 V

Date of Birth

08th July 1959

Age

52 Years

 

                  02)

Name

Serini Dantika Dewaraja

Sex

Female

Nationality

Sri Lankan

National ID No.

597881843 V

Date of Birth

14th October 1959

Age

52 Years

 

 

                      03)

Name

K. A. G. Tania De Silva

Nationality

UK

Passport No.

094403777

 

 

 

                  04)

Name

M. Wasantha De Silva

Sex

Male

Nationality

Sri Lankan

National ID No.

64089290 V

Date of Birth

29th March 1964

Age

47 Years

 

 

·         Financial Data

The company has declined to provide information on its finances

 

·          

·         General Comments

When we contacted the Subject Company they refused to provide any information of the Subject Company without knowing the details of the end user.

 

 

·         Trade references

                  The subject company did not provide any trade references

 

 

 

·         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.

 

 

 

 

ANALYSIS & RATING

- Appraisal and Rating of Subject Company

 

Rating:

Reputation

Average

Market Situation

Competitive

                       

 

             

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.35

UK Pound

1

Rs.80.50

Euro

1

Rs.69.14

 

 

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

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

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.