MIRA INFORM REPORT

 

 

Report Date :           

10.12.2011

 

IDENTIFICATION DETAILS

 

Name :

GOLD MEDAL CONSORTIUM (PVT) LTD

 

 

Registered Office :

#.6, Madapatha Road,Piliyandala

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

29.05.2002

 

 

Com. Reg. No.:

PV 13487

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Importer & Supplier of Cement

 

 

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 :

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 30th, 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

:

 

GOLD MEDAL CONSORTIUM (PVT) LTD

 

Legal Form  & Status

:

Private Limited Liability Company  (In Operation)

Managing Director

:

Periyasami Sunderalingam

Primary Line of Business

:

Importer & Supplier of Cement.

Head office

&

Place of Business

 

:

 

#.6, Madapatha Road,

Piliyandala,

Sri Lanka.

 

Tel. No: (00 94 11) 553 5571-75

Fax No: (00 94 11) 270 6908

 

Email: goldmedalconsortium@gmail.com

 

No. of Employees

:

Not Disclosed

           


 

COMPANY DETAILS- Registration and Shareholder Details

 

Registration No

:

N(PVS) 30666                         

Date of Registration

 

29th May 2002

Re-registration No

:

 PV 13487

Date of Re-registration

 

26th May 2009

Registered Office

:

#.6, Madapatha Road,Piliyandala

Board of Directors

As at

26th May 2009

:

Periyasami Sunderalingam

Managing Director

Jeewaka Hemal Edirisinghe

Director

Vignesh Sunderalingam

Director

Issued Share Capital

:

Rs.    20.00              

Nominal Value of Share

:

Rs.    10.00                    

 

Share Holders

As at

26th May 2009

:

Share Holders

No. of

Shares

Periyasami Sunderalingam

01

Jeewaka Hemal Edirisinghe

01

Auditors

:

Elizin & Company

Company Secretaries

:

I M S Corporate Services (Pvt) Ltd

Bankers

:

Not Disclosed

 

 

CURRENT INVESTIGATION                      

 

·         History

 

                   The Subject Company GOLD MEDAL CONSORTIUM (PVT) LTD is a Private    Limited   liability

Company incorporated on 29th May 2002 under registration number N (PVS) 30666 and then the company was re-registered on 26th May 2009 under registration number PV 13487.

 

·         Location.

The subject company is located at client given address #.6, Madapatha Road, Piliyandala

 

·         Operational Details.

 

General

            The subject company primary line of business is Importer & Supplier of Cement.

 

             Products

Cement

 

Country

                   India

 

Employees

                    Not Disclosed

 

·         Directors Details

 

         01)

Name

Jeewaka Hemal Edirisinghe

ID Number

622111330 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

29th July 1962

Age

49 Years

Address

#.50, Barnes Place, Colombo-07

 

 

         02)

Name

Periyasami Sunderalingam

ID Number

531062892 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

15th April 1953

Age

58 Years

Address

#.34/2, Shrubbery Gardens, Colombo-04

 

 

         03)

Name

Vignesh Sunderalingam

ID Number

860782073 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

18th March 1986

Age

25 Years

Address

#.34/2, Shrubbery Gardens, Colombo-04

 

·         Financial Data

The company has declined to provide information on its finances

                    In Sri Lanka, Private limited liability/proprietorship/partnership Companies do not     

                    Publish Their Company Accounts for public use, other than their shareholders

 

·         General Comments

When the Subject Company was contacted they were polite in providing the basic 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

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.23

UK Pound

1

Rs.81.55

Euro

1

Rs.69.60

 

 

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.