MIRA INFORM REPORT
|
Report Date : |
31.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
VENUS INTERNATIONAL |
|
|
|
|
Registered Office : |
# 90, College Street, Kotahena, Colombo 12. |
|
|
|
|
Country : |
Sri Lanka |
|
|
|
|
Date of Incorporation : |
Not Available |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
|
Line of Business : |
Importers & Distributors of Food items. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
Unknown |
|
|
|
|
Litigation : |
---- |
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 |
: |
VENUS INTERNATIONAL
|
|
Legal Form & Status |
: |
Proprietorship Concern (in operation) |
|
Proprietor |
: |
Thivanka (Ms) |
|
Primary Line of Business |
: |
Importers &
Distributors of Food items. |
|
Office & Place of Business |
: |
#
90, College street, Kotahena, Colombo
12. Tel./Fax
No: (00 94 11) Not disclosed |
|
No. of Employees |
: |
-
Not Disclosed - |
CONCERN DETAILS- Registration and Shareholder Details
|
Registration No |
: |
- Not Disclosed
- |
||
|
Date of
Registration |
: |
- Not Disclosed
- |
||
|
Registered
Office |
: |
#
90, College Street, Kotahena, Colombo 12. |
||
|
Proprietor |
: |
Thivanka (Ms) |
|
|
|
Auditors |
: |
- Not Disclosed
- |
||
|
Bankers |
: |
- Not Disclosed
- |
||
CURRENT INVESTIGATION
History.
The Subject
Concern VENUS INTERNATIONAL is Proprietorship Concern in
operation. We were informed that Ms. Thivanka is the proprietor of the concern and she declined to provide any details
regarding the Concern registration and/or operations, or even the contact
telephone numbers, in spite of our repeated requests. The client given address
could be the registered address of the concern.
The
Proprietorship/ Partnership companies are being registered at the Provincial
Registrar of Companies and when the owner does not provide the registration
details it is not possible to extract such details from the Registrar’s office.
Location.
The client given address # 90, College Street, Kotahena, Colombo 12, is a large 2 storied house with a garden, claimed to be the business place and the residence of Ms. Thivanka, the proprietor. No name board was found.
Operational
Details:
General
The main line of
business of the subject concern is import and distribution of food items.
Products
- All kinds of
food items such as rice, lentils, potatoes, onions, canned foods etc.
Import Countries
India, China
No. of Employees:
Not disclosed
Financial Data
The Proprietor of the subject concern declined to provide
information on its finances for the preparation this report, in-spite-of our repeated
requests, without knowing the identity of the end user of this report.
Further, In Sri Lanka, Private Companies do not
publish their Accounts for Public use other than the Shareholders.
Trade references
The subject concern did not provide any trade reference referrals.
Credit
Recommendations
Since no
financial information has been forthcoming from the concern, it is not possible
to comment on
the merits or otherwise of the concern.
No computerised
data bases exist to make checks whether the partners or the concern 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.53.27 |
|
UK Pound |
1 |
Rs.82.09 |
|
Euro |
1 |
Rs.68.90 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.