MIRA INFORM REPORT

 

 

Report Date :

27.04.2012

 

IDENTIFICATION DETAILS

 

Name :

MADHAWEE PRINTERS (PVT) LTD

 

 

Registered Office :

# 624, Kandy Road, Hibbutawelgoda, Kelaniya

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

25.09.2002

 

 

Com. Reg. No.:

PV 18502

 

 

Legal Form :

Private Limited Liability Company   

 

 

Line of Business :

Printing and packaging

 

 

No. of Employees :

105

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

:

 

MADHAWEE PRINTERS (PVT) LTD

 

Legal Form  & Status

:

Private Limited Liability Company    (In operation)

Managing Director

:

A. A. D. S. Janaka Athauda

Primary Line of Business

:

Printing and packaging

Head Office

&

Place of Business

 

 

 

# 624,

Kandy Road,

Hibbutawelgoda,

Kelaniya,

Sri Lanka.

 

Tel. No: (00 94 11) 290 5229 / 290 5263 / 290 5264 / 290 7967

Fax No: (00 94 11) 290 5574

 

E-mail: madhaweeprint@sltnet.lk

Web:    www.sltnet.lk

Location : Owned  

Sales Division

:

 

# 81, Ground Floor,

Peoples Park Shopping Complex,

Bodhiraja Mawatha,

Colombo 11.

 

Tel. No: (00 94 11) 239 9514

 

No. of Employees

:

105

 

 

 

           

COMPANY DETAILS- Registration and Shareholder Details

 

Registration No

:

N (PVS) 31673

Date of Registration

:

25th September 2002

Re-registration No

 

PV 18502

Date of Re-registration

 

21st May 2010

Registered Office

:

# 624, Kandy Road, Himbutuwelgoda, Kelaniya, Sri Lanka.

Board Of Directors

As At

21st May 2010

:

A. A. D. S. Janaka Athauda

Managing Director

D. P. Athauda

Director

Authorised Share Capital

:

Rs.      1,000,000.00

Issued Share Capital

:

Rs.                20.00

Nominal Value of Share

:

Rs.                10.00

Share Holders

As At

21st May 2010

:

 Share Holders

No of Shears

A. A. D. S. Janaka Athauda

01

D. P. Athauda

01

Secretaries

:

D. P. Athauda

Auditors

:

Ranasinghe & Company

Bankers

:

Commercial Bank, Kelariya Branch

Trading Terms

:

Selling Terms: L/C, Cash, Credit

Purchasing Terms: L/C, Cash, Credit

Types of Customers

:

End Users

 

Financial Data

                                                                                                              (Amt. In LKR Millions)

Particulars

 

31.03.2012

31.03.2011

Sales Turnover

190.000

200.000

                                                                                           

Expected Sales (2012-2013):- 350 LKR Millions

 

Capital Structure

Capital Investment :

 

Owned :

Rs. 1.000 LKR million

Borrowed :

--

Total :

Rs. 1.000 LKR million

 

Information Parted By:

Name               : Mr. Vimal Vijaysurya

Designation     : Finance Manager

Mobile No.       : 0094-776575146

Date                 : 23.04.2012

 

 

CURRENT INVESTIGATION                      

 

                                                          

                                                                     Company logo

 

·         History.

                    The Subject Company MADHAWEE PRINTERS (PVT) LTD is a Private    Limited   liability Company incorporated on 25th September 2002 under registration number N (PVS) 31673 and then the company was re-registered on 21st May 2010 under registration number PV 18502.

 

·         Location.

The Subject Company is located at the client given address # 624, Kandy Road, Himbutuwelgoda, Kelaniya, Sri Lanka.

.

 

·         Operations Details.

 

General

The subject company primary line of business is printing and packaging

 

Products

Printing of cartons, calendars, diaries, books, annual reports, broachers, posters, tags, labels…etc

 

Country

India, China, England, Malaysia, German

 

Employees

                    105

 

·         Directors Details

 

Name

A. A. D. S. Janaka Athauda

ID Number

661890584 V

Nationality

Sri Lankan

Gender

Male

Date of Birth

07th July 1966

Age

44 Years

Address

No.7/2, 6th lane pagoda Road, Nugegoda, Sri lanaka

 

 

Name

D. P. Athauda

 

ID Number

665810160 V

Nationality

Sri Lankan

Gender

Female

Date of Birth

21st march 1966

Age

44 Years

Address

No.7/2, 6th lane pagoda Road, Nugegoda, Sri lanaka

 

·         Financial Data

The subject company refused to provide its financial information.

 

                    Financial details of Private Limited/Proprietorship/Partnership companies are not

                    Made available for the public to view

                 

·         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.52.57

UK Pound

1

Rs.85.03

Euro

1

Rs.69.56

 

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

 

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.