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Report Date : |
18.04.2012 |
IDENTIFICATION DETAILS
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Name : |
SUNCHOICE IMPORTS & EXPORTS COMPANY |
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Registered Office : |
# 65 2/1, Level 2, |
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Country : |
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Year of Establishment : |
2011 |
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Legal Form : |
Partnership Company |
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Line of Business : |
Importers, Exporters and Distributors of All kinds of Fruits |
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No. of Employees : |
25 Approximately |
RATING & COMMENTS
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MIRAs Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
-- |
NB |
New Business |
-- |
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Status : |
New Company |
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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 March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Sri Lanka |
A2 |
A2 |
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Risk Category |
ECGC Classification |
|
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 |
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Name of Subject of Inquiry |
: |
SUNCHOICE IMPORTS
& EXPORTS COMPANY |
|
Legal Form & Status |
: |
Partnership Company (In operation) |
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Managing Partner |
: |
A. A. H.
Yusuf |
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Primary Line of Business |
: |
Importers,
Exporters and Distributors of All kinds of Fruits |
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Principle Place of Business |
: |
#
65 2/1, Level 2, Bankshall
Street, Colombo
-11 Tel.
No. : (00 94 11) 232 3274, 238
5713 Fax No.: (00 94 11) 246 6299 E-mail: sunchoce@gmail.com Location:
Owned |
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Registration No |
: |
Not Disclosed |
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Date of Registration |
: |
2011 |
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Registered Office |
: |
#
65 2/1, Level 2, Bankshall Street, Colombo -11 |
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Partners |
: |
A. A. H.
Yusuf |
Managing Partner |
|
Mohamed Azman |
Partner |
||
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Auditors |
: |
Pope and Company
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Bankers |
: |
Sampath Bank, Main Street Branch, Colombo |
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Employee |
: |
25 Approximately |
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Customers |
: |
Wholesaler Retailers End Users |
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THE COMPANY HAS DECLINED TO PROVIDE INFORMATION ON
ITS FINANCES
Based
on the corporate laws of Sri Lanka, legal entities which are Private Company
with Limited Liability are not required to make public disclosure of their
annual financials. Therefore no financials are available for this entity.
Name : Mr. Azman
Designation : Partner
Date : 18.04.2012
Contact : (00 94 11) 2323274
·
History.
The Subject Company SUNCHOICE IMPORTS & EXPORTS COMPANY is Partnership Company
according to the information supplied by the management, when contacted. They
declined to provide any other information.
Proprietorship/Partnership
companies are registered at the Provincial Registrar of Companies.
·
Location.
The subject company is
located at client given address # 65 2/1, Level 2, Bankshall
Street, Colombo -11 is situated in the
heart of the wholesale/retail sales centre in the
Colombo city.
·
Operations
Details.
General
The subject
company primary line of business is Importers,
Exporters and Distributors of All kinds of Fruits.
Products
Grapes, Oranges, Apples,
Import Country
USA, China, Spain, Italy,
Pakistan, India, Australia, Chile
Export Country
Pakistan, UAE, Chile
No of Employees
25 Approximately
Trading Terms
Purchasing: L/C, Cash, Credit
Selling: L/C, Cash, Credit
·
Financial Data
The company has
declined to provide information on its finances as such details are not opened
to the public knowledge.
In Sri Lanka, Private Limited Liability/Proprietorship/Partnership
Companies do not publish their Accounts for Public use, other than the
Shareholders
·
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.51.62 |
|
|
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.67.65 |
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 SCs 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.