MIRA INFORM REPORT

 

 

Report Date :

05.12.2011

 

IDENTIFICATION DETAILS

 

Name :

SUN INTERNATIONAL LANKA (PVT) LTD

 

 

Registered Office :

Unit – 5, Industrial Estate, Ekala, Ja-ela

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

21.10.2004

 

 

Com. Reg. No.:

N (PVS) 39392

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Importers and exporters of non-ferrous metal, steel ingots, metal anodes, wires, plates, sheets, strips, and all products of alloys and metals

 

 

No. of Employees :

Not Available

 

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 :

Unknown

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

:

SUN INTERNATIONAL LANKA (PVT) LTD

Legal Form  & Status

:

Private Limited Liability Company    (In operation)

Chairman

:

Jitendra Bhatt

Primary Line of Business

:

Importers and exporters of non-ferrous metal, steel ingots, metal anodes, wires, plates, sheets, strips, and all products of alloys and metals

Head Office

&

Place of Business

 

:

 

Unit – 5,

Industrial Estate,

Ekala,

Ja-ela.

Sri Lanka.

 

Tel. No: (00 94 11) 224 8284

Fax No: (00 94 11)

 

E-mail:

 

No. of Employees

:

Not Disclosed

 

 

 

 

           

 

 

                       


 

COMPANY DETAILS 

- Registration and Shareholder Details

 

Registration No

:

N (PVS) 39392

Date of Registration

:

21st October 2004

Registered Office

:

Unit  - 3, Mitthree Mawatha, Industrial Estate, Ekala – Ja-ela

Board Of Directors

 

:

Jithendra Bhatt

Managing Director

W. L. Udaya Samantha

Director

Harindra Katipearachchi

Director

Authorised Share Capital

:

LKR.  2,000,000.00   

Issued Share Capital

:

LKR.    1,860,060.00   

Nominal Value of Share

:

LKR.              10.00

Share Holders

 

:

 Share Holders

No of Shears

Jithendra Bhatt

1

W. L. Udaya Samantha

1

Harindra Katipearachchi

186,000

Secretaries

:

R and R Secretarial Services (Pvt) Ltd

Auditors

:

Rajan & Renganathan

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 SUN INTERNATIONAL LANKA (PVT) LTD is a Private    Limited   liability Company incorporated on 21st October 2004 under registration number N (PVS) 39392

 

·         Location.

 

The Subject Company is located at the client given address Unit – 5, Industrial Estate, Ekala, Ja-ela. Sri Lanka.

 

 

·         Operations Details.

 

General

The subject company primary line of business is importers and exporters of non-ferrous metal, steel ingots, metal anodes, wires, plates, sheets, strips, and all products of alloys and metals

 

Products

Non-ferrous metal, steel ingots, metal anodes, wires, plates, sheets, strips, and all products of alloys and metals

 

Import Countries

India, China, Taiwan,

 

No of Employees

                  Not Disclosed

 

 

·         Directors Details

 

Name

W. L. Udaya Samantha

ID Number

733511680 V

Nationality

Sri Lanka

Gender

Male

Date of Birth

16th December 1973

Age

38 Years

 

 

Name

Harindra Katipearachchi

ID Number

580341152 V

Nationality

Sri Lanka

Gender

Male

Date of Birth

3rd February 1958

Age

53 Years

 

 

Name

Jithendra Bhatt

PP Number

F 0033355

Nationality

Indian

 

 

·         Financial Data

The Subject Company declined to provide its financials

                

·         General Comments

When we contacted the Subject Company they provided us some basic details to prepare 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

 

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.