MIRA
INFORM REPORT
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Report Date : |
12.03.2011 |
IDENTIFICATION DETAILS
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Name : |
LLOYD’S STEEL |
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Registered Office : |
# 147-147A,
Srimath Bandaranayake Mawatha, |
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Country : |
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Year of Establishment : |
1984 |
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Com. Reg. No.: |
W 9475 |
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Legal Form : |
Partnership Company (in operation) |
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Line of Business : |
Import and Dealers in Ferrows, Non Ferrous Metal. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GENERAL
- Basic
information at a glance
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Name of Subject of Inquiry |
: |
LLOYD’S STEEL |
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Legal Form & Status |
: |
Partnership Company (in operation) |
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Managing Partner |
: |
S. Sivalingam |
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Primary Line of Business |
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Import and Dealers in Ferrows, Non Ferrous Metal.
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Place of Business & Factory |
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#
147-147A, Srimath Bandaranayake Mawatha, Tel.
No: (00 94 11) 232 8203/ 243 8559/
247 0206/499 1400 Fax
No: (00 94 11) 243 8559/ 236 5123 E
Mail: inquiry@lloydssteellk.com |
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No. of
Employees |
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Not
Disclosed |
COMPANY DETAILS
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Registration and Shareholder Details
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Registration No |
: |
W 9475 |
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Year of Registration |
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1984 |
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Registered Office |
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# 147-147A, Srimath Bandaranayake Mawatha,
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Partners |
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S.
Sivalingam |
Managing Partner |
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Auditors |
: |
Not Disclosed |
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Company Secretaries |
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Not Applicable |
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Bankers |
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Commercial Bank |
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Information declined by
Name : Mr. S Sivalingam
Designation: Partner
Date: 11.03.2011
CURRENT INVESTIGATION
·
History.
The Subject Company LLOYD’S STEEL is a Partnership Company incorporated on 1986 under registration number W 9475.
·
Location.
The Subject
Company is located at the client given address #147-147A, Srimath
Bandaranayake Mawatha,
·
Operations
Details.
General
The subject
company primary line of business is Import
and Dealers in Ferrows, Non Ferrows Metal
Products
Brass, Copper,
Stainless Steel, Aluminium and Other Products
Import Countries
Employees
Not Disclosed
·
Financial Data
The company has
declined to provide information on its finances
·
General Comments
When the Subject Company was contacted they were polite in providing the
basic information given in this report, however they were reluctant to provide
financial and any other background information that would have been useful to
enhance 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.21 |
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|
1 |
Rs.72.55 |
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Euro |
1 |
Rs.62.43 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.