MIRA INFORM REPORT

 

 

Report Date :           

16.03.2011

 

IDENTIFICATION DETAILS

 

Name :

L. P.  PERERA AND SONS (PVT) LTD

 

 

Registered Office :

# 151, Dalugama, Kelaniya

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

06.08.2002

 

 

Com. Reg. No.:

PV 14301

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Importers, Distributors and Suppliers of Hardware

 

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

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

information denied by

 

Name               : Ms. Fare

Designation     : Accounts Executive

Date                 : 15.03.2011

 

 

GENERAL- Basic information at a glance

       

Name of Subject of Inquiry

:

L. P.  PERERA AND SONS (PVT) LTD

Legal Form  & Status

:

Private Limited Liability Company (In operation)

      Managing Director

As At

30th   APRIL 2008

 :

L.J. Suren Anuradha Perera

Primary Line of Business

:

Importers, Distributors and Suppliers of Hardware

Office & Place of

      Business   

:

 

# 151,

Dalugama, Kelaniya.

Sri Lanka

 

Tel. No: (00 94 11) 291 1466

Fax No: (00 94 11) 291 3161

 

E Mail:  suren_perera@ymail.com

 

No. of  Employees

:

Approximately 8

           

 

 

 

COMPANY DETAILS-Registration and Shareholder Details

 

Registration No

:

N (PVS) 31238

Date of Registration

:

06th August, 2002

Re-registration No

:

PV 14301

Date of Re-registration

:

26th June 2009

Registered Office

:

# 151, Dalugama, Kelaniya. Sri Lanka

Board of Directors

As At

31st March 2010

:

 L. Calistus Perera

Chairman

 L.J. Suren Anuradha Perera

Managing

Director

T. Geethanjali Hettiarachchi

Director

Issued Share Capital

:

Rs.   30.00           

 

Nominal Value of Share

:

Rs.   10.00                            

 

Share Holders

As At

31st March 2010

 

 

                       Share Holders

No. of Shares

 

L. Calistus Perera

01

 

L.J. Suren Anuradha Perera

01

 

T. Geethanjali Hettiarachchi

01

 

Auditors

:

Jayaweera & Co.

 

Company Secretaries

:

W.G. Robert de Silva, J.P.

 

Bankers

:

Not disclosed

 

 

                             

CURRENT INVESTIGATION                      

 

·         History.

 

                  The Subject Company L.P. PERERA AND SONS (PVT) LTD is a Private    Limited   liability Company incorporated on 06th August, 2002 under Registration No. N (PVS) 31238. And then the company was re-registered on 26th June 2009 under registration PV 14301.

 

·         Location.

 

The Subject Company is located at the client given address #151, Dalugama, Kelaniya. Sri Lanka, a town approx.12 kilo meters from Colombo which is a residential cum business area situated on the Colombo – Kandy highway 1.

 

·         Operations Details.

 

General

                  The subject company’s primary line of business is Importing, distribution and supplying of all kinds of hardware items.

 

Products

 Hardware goods, PVC doors, pipes and fittings etc.

 

Country

 India, China, Taiwan

 

Employees

      Approximately 8

 

·         DIRECTORS’ DETAILS:

 

Name

L. Calistus Perera

Sex

Male

Nationality

Sri Lankan

National ID No.

440710476V

Date of Birth

11th March, 1944

Age

66 Years

Resident Address

#151, Dalugama, Kelaniya

 

 

 

Name

L.J. Suren Anuradha Perera

Sex

Male

Nationality

Sri Lankan

National ID No.

741321459V

Date of Birth

11th May, 1974

Age

 36 Years

Resident Address

#151, Dalugama, Kelaniya

  

         

Name

T.Geethanjali Hettiarachchi

Sex

Female

Nationality

Sri Lankan

National ID No.

535611211V

Date of Birth

01st  March, 1953

Age

 57 Years

Resident Address

#151, Dalugama, Kelaniya

   

·   Financial Data

 

The Company has declined to provide information on its Finances.                 

 

·   General Comments

 

                    When we contacted, the Subject Company responded to our inquiries and provided background a information and as such basic information in this report has been obtained from the company.

 

·   Trade references

 

    The subject company declined 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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.15

UK Pound

1

Rs.72.59

Euro

1

Rs.62.95

 

 

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%)

 

 

 

 

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.