MIRA INFORM REPORT

Report Date :

15.06.2011

IDENTIFICATION DETAILS

Name :	RODAMAS HOLDINGS (PVT) LTD
Registered Office :	No.688, Aluthmawatha Road, Colombo - 15
Country :	Sri Lanka
Date of Incorporation :	30.10.2007
Com. Reg. No.:	PV 61833
Legal Form :	Private Limited Liability Company
Line of Business :	Import and distribute of food items

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 – March 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
Sri Lanka	B1	B1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Bottom of Form

GENERAL - Basic information at a glance

a.	Name of Subject of Inquiry	:	RODAMAS HOLDINGS (PVT) LTD
b.	Legal Form & Status	:	Private Limited Liability Company (In operation)
c.	Managing Director	:	Kitnasamy Gnanasekaran
d.	Primary Line of Business	:	Import and distribute of food items
e.	Head Office & Place of Business	:	# 688, Aluthmawatha Road, Colombo - 15 Tel. No: (00 94 11) 252 2547 Fax No: (00 94 11) 2524394 E-mail: miwonsrilanka@sltnet.lk
f.	No. of Employees	:	Approximately 12

COMPANY DETAILS- Registration and Shareholder Details

a.	Registration No		:	PV 61833
b.	Date of Registration		:	30^th October 2007
c.	Registered Office		:	No.688, Aluthmawatha Road, Colombo - 15
d.	Board Of Directors As At 31^st December 2010		:	Kitnasamy Gnanasekaran	Managing Director
e.	Issued Share Capital		:	Rs. 10.00
f.	Nominal Value of Share		:	Rs. 10.00
g.	Share Holders As At 31^st December 2010		:	Share Holders	No of Shears
				Kitnasamy Gnanasekaran	10
h.	Secretaries	:		Komseky (Pvt) Ltd
i.	Auditors	:		Gunasekara Rathnayake and Company
j.	Bankers		:	Hatton National Bank PLC Commercial Bank PLC HSBC

CURRENT INVESTIGATION

· History.

The Subject Company RODAMAS HOLDINGS (PVT) LTD is a Private Limited liability Company incorporated on 30^th October 2007 under registration number PV 61833.

· Location.

The Subject Company is located at the client given address No.688, Aluthmawatha Road, Colombo - 15

· Operations Details.

General

The subject company primary line of business is Import and distribute of food items

Products

Food items

Country

India, China, UK, Pakistan, Malaysia

Employees

Approximately 12

Gazette Notice for Incorporation

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Director Details

Name	Kitnasamy Gnanasekaran
ID Number	652451802 V
Nationality	Sri Lankan
Gender	Male
Date of Birth	1^st September 1965
Age	46 Years
Address	No.690/2, Aluthmawatha Road, Colombo - 13

· Financial Data

The Subject Company declined to provide its financials

· General Comments

Subject Company provided some basic details to prepare this report

· 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.44.77
UK Pound	1	Rs.73.45
Euro	1	Rs.64.55

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%)

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