MIRA INFORM REPORT
|
Report Date : |
30.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
MANDUWA TRADING |
|
|
|
|
Registered Office : |
# 261, 1/3, |
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishment : |
June 2010 |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
Partnership Concern |
|
|
|
|
Line of Business : |
Importers & Suppliers of Food Items |
|
|
|
|
No. of Employees
: |
06 |
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 : |
No Complaints |
|
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 |
|
Name of Subject of Inquiry |
: |
MANDUWA TRADING |
|
Legal Form & Status |
: |
Partnership Concern (in operation) |
|
Managing Partner |
: |
Mohamed Siddique |
|
Primary Line of Business |
: |
Importers & Suppliers of Food Items |
|
Place of Business & Factory |
: |
#
212/49, 1/9, Bodhiraja Mawatha , Colombo, Sri
Lanka. Tel.
No: (00 94 11) 242 4174 Mob. No: (00 94 77)227 1589 (Mr. Mohamed
Siddique) E-Mail: mandwatrading@gmail.com Location: Owned |
|
No. of
Employees |
: |
06 |
|
Exporters |
: |
Products:
Waste Paper Country:
South India |
|
Importers |
: |
Products:
Agro Food Items Country:
India, Pakistan, China, UAE |
|
Trading Terms |
: |
Cash,
Credit L/C,
Cash, Credit |
|
Type of Customers |
: |
·
Retailers · End Users |
|
Registration No |
: |
Not Disclosed |
||||
|
Date of Registration |
: |
June 2010 Year |
||||
|
Registered Office |
: |
# 261, 1/3, Main City Complex, Main
Street, Colombo, Sri Lanka. |
||||
|
Partners |
: |
Mohamed
Siddique |
Managing Partner |
|||
|
Mohamed Sohail |
Partner |
|||||
|
Auditors |
: |
R S Natraj &
Company |
|
|||
|
Concern Secretaries |
: |
Not Applicable |
|
|||
|
Bankers |
: |
Bank of Ceylon, Colombo Branch |
|
|||
Information Parted By:
Name : Mr. Mohamed Siddique
Designation : Partner
Mobile No. : 0094772271589
Date : 23.04.2012
Financial Data
(Amt. In LKR Millions)
|
Particulars
|
|
2011 to February 2012 |
|
Sales Turnover |
|
52.000 |
·
History.
The Subject
Concern MANDUWA TRADING is a Partnership Concern
The
Proprietorship/Partnership companies are being registered at the Provincial
Registrar of Companies and when the owner refuse to provide such details, it is
not possible to obtain such details from the registry.
·
Location.
The Subject Concern is located at # 212/49, 1/9, Bodhiraja
Mawatha, Colombo.
·
Operations
Details.
General
The subject
concern primary line of business is Importers & Suppliers of Food Items
Products
Potatoes, Onions,
Garlic…etc
Import Countries
India
Employees
06
·
Financial Data
The Managing Partner of the Concern has declined to provide information on its
Financial details.
In Sri Lanka, Private Limited
Liability/Proprietorship/Partnership Companies do not publish their Accounts
for Public use, other than the Shareholders
·
General Comments
When the Subject Concern was
contacted they were polite in providing the basic information given in this
report, however they were reluctant to provide financial and any other
background information that would have been useful to enhance this report.
·
Trade references
The subject concern did not provide any trade reference
·
Credit
Recommendations
Since no financial
information has been forthcoming from the concern , it is not possible to
comment on the merits or otherwise of the concern .
No computerised data bases exist to make
checks whether the partners or the concern
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.52.68 |
|
UK Pound |
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.