MIRA INFORM REPORT

 

 

Report Date :

28.12.2011

 

IDENTIFICATION DETAILS

 

Name :

LANKA INFORM (PVT) LTD

 

 

Registered Office :

# 24/10A, Kaththota, Nittambuwa

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

03.08.2011

 

 

Com. Reg. No.:

PV 80426

 

 

Legal Form :

Private Limited Liability Company (in operation)

 

 

Line of Business :

Distribution of House Hold Items

 

 

No. of Employees :

Approx. 03

 

 

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 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

:

LANKA INFORM (PVT) LTD

Legal Form  & Status

:

 

Private Limited Liability Company (in operation)

Managing Director

:

M.R.M. Ramzan

Primary Line of Business

:

Distribution of House Hold Items

 Office & Place of Business

:

# 24/10A, Kaththota,

Nittambuwa.

Sri Lanka.

 

Tel. (00 94 11)

Fax. (00 94 11)

 

 

             

No. of  Employees

:

Approx. 03

           

 

COMPANY DETAILS 

- Registration and Shareholder Details

 

Registration No

:

PV 80426

Date of Registration

:

03rd August, 2011

Registered Office

:

# 24/10A, Kaththota, Nittambuwa. Sri Lanka.

 

Board of Directors

As At

03rd August 2011

:

M.R.M. Ramzan

 Director

Issued Share Capital

:

LKR.     1,000.00

 

Nominal Value of Share

:

LKR.          10.00   

 

 Share Holders

As At

23rd August 2011

:

 

 Share Holders

No. of Shares

 

M.R.M. Ramzan

100

 

Auditors

:

Not Disclosed

 

Company Secretaries

:

S.O.A. Sabry

 

Bankers

:

Not Disclosed

 

 

 

FINANCIAL DETAILS

 

- Most recent available Financial Information

 

      THE COMPANY HAS DECLINED TO PROVIDE ANY FINANCIAL INFORMATION

      Company Established in August, 2011

 

 

Current investigation

              

·         History.

 

                 The Subject Company LANKA SPECIFIC (PVT) LTD is a Private Limited Liability Company incorporated on 23rd August 2011 under registration number PV 80426, only a few months ago.               

                 

·         Location.

 

The Subject Company’s Registered and client given address # 24/10A, Kaththota, Nittambuwa. Sri Lanka, a suburban town approx. 65 kilo meters from Colombo, on the Colombo – Kandy highway 1.

 

Operations Details.

 

General

The primary line of business of the subject company is distribution of house hold goods as an agent/ local distributor. Since the company is registered only a few month back business details are not available.

 

Products

Various types of house hold Plastic/ rubber goods, kitchen ware, stationery such as paper, pens, pencils etc.

 

                   No of Employees

Approx. 03

·         Directors Details

 

1)

 

Name

Mohamed Rafeek Mohamed Ramzan

ID Number

822052274V

Nationality

Sri Lankan

Gender

Male

Date of Birth

23rd JULY,  1982

Age

23 Years

 

 

 

·         Financial Data

 

The company has been established only 4 moths ago and declined to provide any financial

information.                 

                 

In Sri Lanka, financial information of Limited Liability/Proprietorship/Partnership Companies is not available for public use.

 

 

·         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.