MIRA INFORM REPORT

 

 

Report Date :           

24.11.2011

 

IDENTIFICATION DETAILS

 

Name :

R.M.S.TRANS IMPEX COMPANY (PVT) LTD

 

 

Registered Office :

#.292/8, Sea Street,Colombo-11

 

 

Country :

Sri Lanka             

 

 

Date of Incorporation :

20.07.2000

 

 

Com. Reg. No.:

PV 5363

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacture Importer Exporter & Supplier of motor and tractor spare parts

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Sri Lanka

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GENERAL - Basic information at a glance

     

Name of Subject of Inquiry

:

 

R.M.S.TRANS IMPEX COMPANY (PVT) LTD

 

Legal Form  & Status

:

Private Limited Liability Company  (In Operation)

Managing Director

:

T. Chandirakumar

Primary Line of Business

:

Manufacture Importer Exporter & Supplier of motor and tractor spare parts

Head office

&

Place of Business

 

:

 

#.292/8, Sea Street,

Colombo-11,

Sri Lanka.

 

Mobil. No: (00 94 77) 234 7983

 

Email: rmsimpex@sltnet.lk

 

No. of Employees

:

Not Disclosed

           

 

COMPANY DETAILS- Registration and Shareholder Details

 

Registration No

:

N(PVS) 26517                            

Date of Registration

 

20th July  2000

Re-registration No

:

 PV 5363

Date of Re-registration

 

17th July 2008

Registered Office

:

#.292/8, Sea Street,Colombo-11

Board of Directors

As at

14th October 2010

:

T. Chandirakumar

Managing Director

Sivaruby Chandirakumar

Director

Issued Share Capital

:

Rs.    20.00              

Nominal Value of Share

:

Rs.    10.00                    

 

Share Holders

As at

14th October 2010

:

Share Holders

No. of

Shares

T. Chandirakumar

01

Sivaruby Chandirakumar

01

Auditors

:

S.P.P. Nathan & Company

Company Secretaries

:

Accounting & Allied Services (Pvt) Ltd

Bankers

:

Not Disclosed

 

 

CURRENT INVESTIGATION                      

 

·         History

 

                     The Subject Company R.M.S.TRANS IMPEX COMPANY (PVT) LTD is a Private    Limited   liability Company incorporated on 20th July 2000 under registration number N (PVS) 26517 and then the company was re-registered on 17th July 2008 under registration number PV 5363.

 

·         Location.

 

The subject company is located at client given address #.292/8, Sea Street, Colombo-11

 

·         Operational Details.

 

General

 

            The subject company primary line of business is Manufacture Importer Exporter & Supplier of motor and tractor spare parts.

                  The subject company business is not in operation at present we were told that they                        

                   Recommencing business from next week

 

            Products

                  Motors,  Walking tractor spare parts, tyres, tubes & accessories.

 

Country

India, China and Southeast Asia

 

 

Employees

                  Not Disclosed

 

 

·         Directors Details

 

         01)

Name

T. Chandirakumar

ID Number

603350634 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

30th November 1960

Age

50 Years

 

 

         02)

Name

Sivaruby Chandirakumar

ID Number

627780435 V

Nationality

Sri Lankan

Gender

Female

Date Of Birth

4th October 1962

Age

49 Years

 

 

·         Financial Data

The company has declined to provide information on its finances

 

·         General Comments

The subject company when contacted refuse and they provided some details to prepared this report and they declined to disclose any operational or financial information, However all information received is from informal sources but clearly originating from the company

 

·         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.52.10

UK Pound

1

Rs.81.30

Euro

1

Rs.70.07

 

 

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.