MIRA INFORM REPORT

 

 

Report Date :           

17.03.2011

 

IDENTIFICATION DETAILS

 

Name :

BROWN DIMO INDUSTRIAL PRODUCTS (PVT) LTD

 

 

Registered Office :

#481, T.B. Jayah Mawatha,Colombo – 10

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

13.10.1997

 

 

Com. Reg. No.:

PV 5001

 

 

Legal Form :

Private Limited Liability Company 

 

 

Line of Business :

Importer and Distributor of Auto Mobile Radiators and Repairing Radiators

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Sri Lanka

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Information denied by

 

Name               : Mr. Kumar

Designation     : Accounts Executive

Date                 : 16.03.2011

 

 

GENERAL - Basic information at a glance

     

Name of Subject of Inquiry

:

BROWN DIMO INDUSTRIAL PRODUCTS (PVT) LTD

Legal Form  & Status

:

Private Limited Liability Company  (In Operation)

Managing Director

:

F. K. Damascene Percival

Primary Line of Business

:

Importer and Distributor of Auto Mobile Radiators and Repairing Radiators

Head office

&

Place of Business

 

:

 

#481,

T.B. Jayah Mawatha,

Colombo – 10,

Sri Lanka.

 

Tel. No: (00 94 11) 273 0988

Fax No: (00 94 11) 273 0727

 

Email: bgil@sltnet.lk

 

No. of Employees

:

Not Disclosed

           

 

COMPANY DETAILS- Registration and Shareholder Details

 

Registration No

:

N(PVS) 19914                               

Date of Registration

 

13th October  1997

Re-registration No

:

 PV 5001

Date of Re-registration

 

04th July 2008

Registered Office

:

#481, T.B. Jayah Mawatha,Colombo – 10

Board of Directors

As at

28th October 2010

:

F. K. Damascene Percival

Managing Director

P. Nadarajah Murali

Director

M. Anoj Kumar Devapriya

Director

Issued Share Capital

:

Rs.  1,500,000.00 

Nominal Value of Share

:

Rs.  10.00

 

Share Holders

As at

28th October 2010

:

Share Holders

No. of

Shares

Browns Group Industries (pvt) ltd

824,997

Cooray (DECD) Joseph Chirsantha Rukman

01

Dimo Industries ltd

674,997

F. K. Damascene Percival

01

P. Asoka Ranjith

01

T. Manickam Vallipuram

01

Ganegoda Sarath Clement

01

W. Dilantha Anil

01

Auditors

:

 KPMG Ford Rhodes Thornton & Company

Company Secretaries

:

Standard Finance (PVT) LTD

Bankers

:

Not Disclosed

 

 

CURRENT INVESTIGATION                      

 

·         History

 

                  The Subject Company BROWN DIMO INDUSTRIAL PRODUCTS (PVT) LTD is a Private    Limited   liability Company incorporated on 13th October 1997 under registration number N (PVS) 24714 and then the company was re-registered on 04th July 2008 under registration number PV 5001.

                  

         The Subject Company initially registered as BROWN RADIATORS (PVT) LTD and then name of the company was changed to BROWN DIMO INDUSTRIAL PRODUCTS (PVT) LTD on 09th August 2010.

 

·         Location.

 

                   The Subject Company is located at the client given address #17A, Gangadara Mawatha, Mount Lavinia, it is situated a Show Room. The Head Office and Registered Office situated #481, T.B. Jayah Mawatha, Colombo – 10.

 

·         Operational Details.

 

General

 

                  The subject company primary line of business is Importer and Distributor of Auto Mobile Radiators and Repairing Radiators.

          

      Products

      Radiators

 

Import Country

Singapore

 

Employees

      Not Disclosed

 

 

Directors Details

 

         01)

Name

F. K. Damascene Percival

ID Number

510872878 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

27th March 1951

Age

59 Years

Address

No. 92/8, Kurunduwatte Road, Pitakotte

 

 

         02)

Name

P. Nadarajah Murali

ID Number

632300824 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

17th August 1963

Age

47 Years

Address

No.27B, 3rd Lane, Woodland Mawatha, Kohuwala

 

 

         03)

Name

M. Anoj Kumar Devapriya

ID Number

523560123 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

21st December 1952

Age

58 Years

Address

No.22/5 Galle Road, Dehiwela

 

 

·         Financial Data

The company has declined to provide information on its finances

              

·         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.45.18

UK Pound

1

Rs.72.59

Euro

1

Rs.63.13

 

 

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

 

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.