MIRA INFORM REPORT

 

 

Report Date :           

28.12.2011

 

IDENTIFICATION DETAILS

 

Name :

ESYS TECHNOLOGIES LANKA (PVT) LTD

 

 

Registered Office :

# 410/20, Galle Road, Colombo – 3

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

18.04.2006

 

 

Com. Reg. No.:

PV 7277

 

 

Legal Form :

Private Limited Liability Company 

 

 

Line of Business :

Manufacture, assembler and deal in computers, computer hardware, IT products, peripheral equipments

 

 

No. of Employees :

Approximately 200

 

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 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

:

ESYS TECHNOLOGIES LANKA (PVT) LTD

Legal Form  & Status

 

:

 

Private Limited Liability Company  (In Operation)

Managing Director

 :

Shafraz Hamzadeen

Primary Line of Business

:

Manufacture, assembler and deal in computers, computer hardware, IT products, peripheral equipments

Head office

&

Factory

:

 

# 410/20,

Galle Road,

Colombo – 3,

Sri Lanka.

 

Tel No:  (00 94 11) 473 6688

Fax No: (00 94 11) 473 6699

 

E-mail: info@ezysupportstaff.com

              hr@ezysupportstaff.com

 

No. of Employees

:

Approximately 200

 

COMPANY DETAILS - Registration and Shareholder Details

 

Registration No

:

N (PVS) 45857

Date of Registration

:

18th April 2006

Re-registration No

:

PV 7277

Date of Re-registration

:

5th September 2008

Registered Office

:

# 410/20, Galle Road, Colombo – 3, Sri Lanka

Board of Directors

As At

14th October 2010

:

Shafraz Hamzadeen

Managing Director

Ramesh Umashanker

Director

Issued Share Capital

:

Rs.  20.00

Nominal Value of Share

:

Rs.  10.00

Share Holders

As  At

14th October 2010

:

 

 Share Holders

No. of

Shares

Shafraz Hamzadeen

01

Abdul Qadir Hassen

01

Secretaries

:

BDO Secretaries (Pvt) Ltd

Auditors

:

BDO Partners

Bankers

:

Hatton National Bank

HSBC

Standard Chartered Bank

Importers of

:

Products: Computer Hardware, Desktop, etc

Country : China, Japan, United Kingdom, Korea, Taiwan, India

Trading Terms:

:

Purchasing Terms: Cash, Credit

Selling Terms:         Cash, Credit

 

 

Information Parted By:

 

Name               : Mr. Rohan

Designation     : Accountant Department

Mobile No.       : (00 94 11) 4736688

Date                 : 27.12.2011

 

 

CURRENT INVESTIGATION                      

 

 

 

·         History.

                  The Subject Company ESYS TECHNOLOGIES LANKA (PVT) LTD is a Private    Limited   liability Company incorporated in 18th April 2006 under registration number N (PVS) 45857. Then the company was re-registered on 5th September 2008 under registration number PV 7277.

 

·         Location.

                  The Subject Company is located at # 410/20, Galle Road, Colombo – 03, Sri Lanka.

                                                                                            

·         Operational Details.

 

General

                     The subject company primary line of business is Manufacture, assembler and deal in computers, computer hardware, IT products, peripheral and equipments

 

Products

Motherboard, CPU, Desktop, Server, computer hardware, peripheral

 

Country

China, Japan, UK, Korea, Malaysia, Taiwan, India

 

No of Employees

                  Approximately 200

 

 

Director Details

Name

Shafraz Hamzadeen

ID Number

791320127 V

Nationality

Sri Lankan

Gender

Male

Date of Birth

11th May 1979

Age

32 Years

Address

No 136/34, Pragnaloka Mawatha, Kawdana, Dehiwela

 

 

Name

Ramesh Umashanker

ID Number

21172701

Nationality

Indian

 

 

 

·         Financial Data

The company has declined to provide information on its finances

 

·         General Comments

                     When we contacted the Subject Company they gave some details to prepare this report

 

·         Trade references

                  The subject company did not provide any trade reference

 

·         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.52.89

UK Pound

1

Rs.82.71

Euro

1

Rs.69.15

 

 

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.