MIRA INFORM REPORT
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Report Date : |
21.04.2012 |
IDENTIFICATION DETAILS
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Name : |
I W W STEEL INDUSTRIES (PVT) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
12.11.2011 |
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Com. Reg. No.: |
PV 82444 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importers and Distributors of Ferrous & Non Ferrous Steel |
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No. of Employees
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Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Sri Lanka |
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 |
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Name of Subject of
Inquiry |
: |
I W W STEEL
INDUSTRIES (PVT) LTD |
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Legal Form
& Status |
: |
Private
Limited Liability Company (In Operation) |
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Managing Director |
:
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Sivalingam
Ramesh |
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Primary Line of
Business |
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Importers
and Distributors of Ferrous & Non Ferrous Steel |
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Head Office & Place of Business |
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# 69, Kadawala Road, Nugape, Pamunugama, Sri Lanka Tel. No: (00 94 11) Not Disclosed/Available Fax No:
(00 94 11) Not Disclosed/Available |
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No. of Employees |
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Not Disclosed/Available |
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Registration No |
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PV
82444 |
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Date of
Registration |
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12th November 2011 |
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Registered Office |
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# 69, Kadawala Road, Nugape,
Pamunugama |
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Board of
Directors As At 09th
March 2009 |
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Sivalingam Ramesh |
Managing
Director |
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Anusha Ramesh |
Director |
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Issued Share
Capital |
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Rs.
20.00 |
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Nominal Value of
Share |
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Rs.
10.00 |
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Share Holders As At 09th
March 2009 |
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Share Holders |
No. Of Shares |
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Sivalingam Ramesh |
01 |
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Anusha Ramesh |
01 |
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Auditors |
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-Not Disclosed- |
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Company
Secretaries |
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I
M S Corporate Services (Pvt) Ltd |
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Bankers |
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Not Disclosed- |
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·
History.
·
Location.
The Subject
Company is located at # 69,
Kadawala Road, Nugape, Pamunugama,
Sri Lanka
The subject company is not
been listed in any of the telephone directories and as such
No contact number available.
·
Operational Details.
General
The details of the primary line of business of Importers and Distributors of Ferrous & Non Ferrous
Steel
Products
Steel, Wires, Plate, Sheets, Strips….etc
No of Employees
Not Disclosed
Director’s
Details
01)
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Name |
Sivalingam
Ramesh |
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ID
Number |
661581484
V |
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Nationality |
Sri
Lankan |
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Gender |
Male |
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Date
of Birth |
6th
June 1966 |
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Age |
45
Years |
02)
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Name |
Anusha Ramesh |
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ID
Number |
745012817
V |
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Nationality |
Sri
Lankan |
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Gender |
Male |
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Date
of Birth |
01st
January 1974 |
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Age |
38
Years |
·
Financial Data
Details not available as the
company has been formed only few months back
Financial Information of private limited
liability/partnership/ proprietorship
Companies
are not made available for public use.
·
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.99 |
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UK Pound |
1 |
Rs.83.54 |
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Euro |
1 |
Rs.63.40 |
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 |
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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.