MIRA INFORM REPORT

 

 

Report Date :           

17.06.2011

 

IDENTIFICATION DETAILS

 

Name :

AROMATIC LABORATORIES (PVT) LTD

 

 

Registered Office :

# 120/3, Aramaya Road, Dematagoda, Colombo 09.

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

01.02.1985

 

 

Com. Reg. No.:

PV 16121

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufactures, Imports of  Food colouring and Food flavour   

 

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 31st, 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

     

Name of Subject of Inquiry

:

 

AROMATIC LABORATORIES (PVT) LTD

 

Legal Form  & Status

:

Private Limited Liability Company    (In operation)

Managing Director

:

Mohamed Raffi Mansoor

Primary Line of Business

:

Manufactures, Imports of  Food colouring and Food flavour   

Head Office

&

Place of Business

 

:

 

# 120/3, Aramaya Road,

Dematagoda,

Colombo 09.

 

Tel. No: (00 94 11) 269 1816

Fax No: (00 94 11) 268 3278

 

E-mail: arolab@sltnet.lk

 

No. of Employees

:

Not Disclosed

 

 

COMPANY DETAILS Registration and Shareholder Details

 

Registration No

:

N (PVS) 1611

Date of Registration

:

01st February 1985

Re- registration No

 

PV 16121

Date of Re-registration

 

28th September 2009

Registered Office

:

# 120/03, Aramaya Road, Colombo 09

Board Of Directors

As At

15th December 2010

:

Mohamed Raffi Mansoor

Director

Mohamed Azad Faiz

Director

W. P. Mohamed

Director

N. Asharanissa Wadood

Director

S. F. Faiz

Director

S. Faris Ahamed

Director

Issued Share Capital

:

Rs. 2,100,000.00

Nominal Value of Share

:

Rs.  10.00

Share Holders

As At

15th December 2010

:

 Share Holders

No of Shears

Mohamed Raffi Mansoor

202,000

Mohamed Azad Faiz

2,000

W. Peer Mohamed

2,000

N.I. Asharanissa Wadood

2,000

S. Fairoza Faiz

2,000

Secretaries

:

Ceylon Secretarial Services Ltd

Auditors

:

M/S Gunawardena & Company (Pvt) Ltd

Bankers

:

Commercial Bank, HNB

 

 

CURRENT INVESTIGATION                      

 

·         History.

 

The Subject Company AROMATIC LABORATORIES (PVT) LTD is a Private    Limited   liability Company incorporated on 01st February 1985 under registration number N (PVS) 1611 and then the company was re registered on 28th September 2009 under registration number PV 16121.

 

·         Location.

 

                    The Subject Company is located at the client given address # 120/03, Aramaya Road,                             Dematagoda, Colombo 09

 

·         Operations Details.

 

General

 The subject company primary line of business is Manufactures, Imports of Food colourings and Food flavours.       

 

Products

Flavouring Essences, Food Colours, Liquid Food Colours, Industrials Fragrances, Personal Care Fragrances, Essential Oils

   

Import Country

U.K., France, India

 

 

Employees

                  Not Disclosed

 

 

Director’s Details

1)

Name

Mohamed Raffi Mansoor

ID Number

550042304V

Nationality

Sri Lankan

Gender

Male

Date of Birth

4th  January 1955

Age

 56 Years

Address

#155/15, Messengers Street, Colombo-12

 

 

2)

Name

Mohamed Azad Faiz

ID Number

563562188V

Nationality

Sri Lankan

Gender

Male

Date of Birth

21st  December 1956

Age

 54 Years

Address

#155/15, Messengers Street, Colombo-12

 

 

 

 

3)

Name

W. P. Mohamed

ID Number

325363703V

Nationality

Sri Lankan

Gender

Female

Date of Birth

05th  February 1932

Age

 79 Years

Address

#155/15, Messengers Street, Colombo-12

 

 

4)

Name

N. Asharanissa Wadood

PP Number

N 1896770

Nationality

Indian

Address

#155/15, Messengers Street, Colombo-12

 

5)

Name

S. Fairoza Faiz

ID Number

64657195X

Nationality

Sri Lankan

Gender

Female

Date of Birth

05th  June 1964

Age

 47 Years

Address

#155/15, Messengers Street, Colombo-12

 

6)

Name

S. Faris Ahamed

ID Number

90191103V

Nationality

Sri Lankan

Gender

Male

Date of Birth

17th  July 1990

Age

 20 Years

Address

#155/15, Messengers Street, Colombo-12

 

 

·         Financial Data

The company has declined to provide information on its finance

 

·         Trade references

 

                  The subject company did not provide any trade reference referrals

 

·         Credit Recommendations

              

 

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.44.90

UK Pound

1

Rs.72.54

Euro

1

Rs.63.39

 

 

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.