MIRA INFORM REPORT

 

 

Report Date :           

23.12.2011

 

IDENTIFICATION DETAILS

 

Name :

TRANSGLOBAL CORPORATION (PVT) LTD 

 

 

Registered Office :

Level 3, Noor Building, # 125, T.B. Jayah Road, Colombo-10

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

07.02.2011

 

 

Com. Reg. No.:

PV 76912

 

 

Legal Form :

Private Limited Liability Company 

 

 

Line of Business :

Importer, Exporter and Supplier of Pharmaceutical and Allied Products.

 

 

No. of Employees :

4 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

Nb

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

 

 

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 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Sri Lanka

b2

b2

 

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

:

 

TRANSGLOBAL CORPORATION (PVT) LTD

 

Legal Form  & Status

:

Private Limited Liability Company  (In Operation)

Managing Director

:

Hemant Dhirajlal Banker

Primary Line of Business

:

Importer, Exporter and Supplier of Pharmaceutical and Allied Products.

Head office

&

Place of Business

 

:

 

Level 3, Noor Building,

# 125, T.B. Jayah Road,

Colombo-10,

Sri Lanka.

 

Tel. No: (00 94 11) 739 0510

Fax No: (00 94 11) 739 0513

 

Email: tania@crs.lk

Location : Owned

No. of Employees

:

Approximately 7

           


COMPANY DETAILS- Registration and Shareholder Details

 

Re-registration No

:

 PV 76912

Date of Re-registration

 

07th February 2011

Registered Office

:

Level 3, Noor Building, # 125, T.B. Jayah Road, Colombo-10

Board of Directors

As at

08th February 2011

:

Hemant Dhirajlal Banker

Managing Director

Issued Share Capital

:

Rs.    10.00              

Nominal Value of Share

:

Rs.    10.00                     

 

Share Holders

As at

08th February 2011

:

Share Holders

No. of

Shares

Hemant Dhirajlal Banker

01

Auditors

:

Not Applicable

Company Secretaries

:

W.L. Mohan Sandeep

Bankers

:

People’s Bank, Colombo Branch

 

Information Parted By:

 

Name               : Ms. Tania

Designation     : Company Secretary

Mobile No.       : (00 94 11) 7390510

Date                 : 21.12.2011

 

CURRENT INVESTIGATION                      

 

·         History

 

                  The Subject Company TRANSGLOBAL CORPORATION (PVT) LTD is a Private    Limited   liability Company incorporated on 07th February 2011 under registration number PV 76912.

 

·         Location.

The subject company is located at client given address Level 3, Noor Building, # 125, T.B. Jayah Road, Colombo-10

 

·         Operational Details.

 

General

 

            The subject company primary line of business is Importer, Exporter and Supplier of Pharmaceutical and Allied Products.

 

 

            Products

                 Pharmaceutical and Allied Products

 

Country

India

 

 

Employees

                  Approximately 7

 

·         Directors Details

 

         01)

Name

Hemant Dhirajlal Banker

PP Number

F 3916603

Nationality

Indian

 

 

·         Financial Data

The company has declined to provide information on its finances

 

·         General Comments

The subject company when contacted refuse and they didn’t provided any details to prepared this report and they declined to disclose any operational or financial information, However all information received is from informal sources but clearly originating from the company.

 

·         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.52.78

UK Pound

1

Rs.82.73

Euro

1

Rs.68.88

 

 

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.