MIRA INFORM REPORT

Report Date :

27.04.2012

IDENTIFICATION DETAILS

Name :	TARS LANKA (PVT) LTD

Registered Office :	No.13, Mahawatte Road, Embuldeniya

Country :	Sri Lanka

Date of Incorporation :	17.03.2003

Com. Reg. No.:	PV 4015

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacture and Exporting printing papers, printing and packaging

No. of Employees :	Approximately 45

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

Payment Behaviour :	Slow but Correct

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 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Sri Lanka

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	:	TARS LANKA (PVT) LTD
Legal Form & Status	:	Private Limited Liability Company (In operation)
Managing Director	:	T. Nilam Jaldin
Primary Line of Business	:	Manufacture and Exporting printing papers, printing and packaging
Head Office & Place of Business	:	# 106, Katuwana Industrial Zone, Homagama, Sri Lanka. Tel. No: (00 94 71) 401 0145 / 420 9108 / 420 9127-8 Fax No: (00 94 11) 289 5012 E-mail: tarslanka@sltnet.lk
No. of Employees	:	Approximately 45

COMPANY DETAILS- Registration and Shareholder Details

Registration No		:	N (PVS) 33243
Date of Registration		:	17th March 2003
Re-registration No		:	PV 4015
Date of Re-registration			30th May 2008
Registered Office		:	No.13, Mahawatte Road, Embuldeniya, Sri Lanka.
Board Of Directors As At 09th January 2012		:	T. N. Jaldin	Director
			K. J. Khan	Director
			T. R. Jaldin	Director
			T. S. Jaldin	Director
			T. A. A. Jaldin	Director
Issued Share Capital		:	Rs. 10,000,020.00
Nominal Value of Share		:	Rs. 10.00
Share Holders As At 09th January 2012		:	Share Holders	No of Shears
			T. N. Jaldin	400,001
			K. J. Khan	225,001
			T. R. Jaldin	125,000
			T. S. Jaldin	125,000
			T. A. A. Jaldin	125,000
Secretaries	:		ESES Secretaries (Pvt) Ltd
Auditors	:		Piyawardena Associates
Bankers		:	-Not Disclosed-

CURRENT INVESTIGATION

· History.

The Subject Company TARS LANKA (PVT) LTD is a Private Limited liability Company incorporated on 17th March 2003 under registration number N (PVS) 33243 and then the company was re-registered on 30th May 2008 under registration number PV 4015.

The client given of the company is TARS LOMKAS (PVT) LTD but the company name should be corrected as TARS LANKA (PVT) LTD.

· Location.

The Subject Company is located at # 106, Industrial Zone, Katuwana, Homagama, Sri Lanka.

The client given address #.13, Mahawatte Road, Embuldeniya is a subject company previous business place.

· Operations Details.

General

The primary line of business of Subject Company is Manufacture and Exporting printing papers, printing and packaging.

Products

Offset Printer and duplex board carton

Country

India, China

Employees

Approx.45

· Director Details

01)

Name	T. N. Jaldin
ID Number	490260447 V
Nationality	Sri Lankan
Gender	Male
Date of Birth	26th January 1949
Age	61 Years
Address	N0.13, Mahawatta Road, Embuldeniya, Nugegoda, Sri Lanka.

02)

Name	K. J. Khan
ID Number	507421610 V
Nationality	Sri Lankan
Gender	Female
Date of Birth	29th August 1950
Age	60 Years
Address	N0.13, Mahawatta Road, Embuldeniya, Nugegoda, Sri Lanka.

03)

Name	T. R. Jaldin
ID Number	780863153 V
Nationality	Sri Lankan
Gender	Male
Date of Birth	26th March 1978
Age	32 Years
Address	N0.13, Mahawatta Road, Embuldeniya, Nugegoda, Sri Lanka.

04)

Name	F. N. Jaldin
ID Number	878171390 V
Nationality	Sri Lankan
Gender	Female
Date of Birth	12th November 1987
Age	23 Years
Address	N0.13, Mahawatta Road, Embuldeniya, Nugegoda, Sri Lanka.

05)

Name	T. S. Jaldin
ID Number	820760352 V
Nationality	Sri Lankan
Gender	Male
Date of Birth	16th March 1982
Age	28 Years
Address	N0.13, Mahawatta Road, Embuldeniya, Nugegoda, Sri Lanka.

06)

Name	T. A. A. Jaldin
ID Number	760730165 V
Nationality	Sri Lankan
Gender	Male
Date of Birth	13th March 1976
Age	34 Years
Address	No.97/F/3, Wihara Mawatha, Kotalawala, Kaduwela, Sri Lanka.

· Financial Data

The company has declined to provide information on its finances

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.

MIRA INFORM REPORT

GENERAL- Basic information at a glance

COMPANY DETAILS- Registration and Shareholder Details

Secretaries

:

CURRENT INVESTIGATION

Unit