MIRA INFORM REPORT

 

 

Report Date :

10.08.2012

 

IDENTIFICATION DETAILS

 

Name :

DELTA IMPORT & EXPORT (PVT) LTD

 

 

Registered Office :

# 34, Second floor, Colombo Central Super  Market Complex,

Colombo-11

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

11.10.2007

 

 

Com. Reg. No.:

PV 61670

 

 

Legal Form :

Private Limited Liability Company 

 

 

Line of Business :

Distributors of food items

 

 

No. of Employees :

12 (Approximately)

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

 

a.

Name of Subject of Inquiry

:

DELTA IMPORT & EXPORT (PVT) LTD

b.

Legal Form  & Status

:

Private Limited Liability Company  (In Operation)

c.

Managing Director

:

J. Morison Rodrigo

d.

Primary Line of Business

:

distributors of food items

e.

Head Office

&

Place of Business

:

 

# 34, Second floor, Colombo Central Super  Market Complex,

Colombo-11. 

Sri Lanka

 

Tel. No: (00 94 11) 471 1970 / 243 0344 / 5330358

Fax No: (00 94 11) 471 1970

 

E Mail: delta_ts@sltnet.lk

 

 

f.

Employees

:

Approximately  12

 

 

COMPANY DETAILS 

 

Registration and Shareholder Details

 

a.

Registration No

:

PV 61670

b.

Date of Registration

:

11th October, 2007

c.

Registered Office

:

 # 34, Second floor, Colombo Central Supermarket Complex, Colombo-11.

d.

       Board of Directors

                   as at                          

        19th December 2011

:

J. Morison Rodrigo

Managing Director

R . Carmaline Rodrigo

Director

L . Janith Rodrigo

Director

E

Issued Share Capital

:

Rs.  20.00

f.

Nominal Value of Share

:

Rs.   10.00

 

g.

 

Share Holders

As At

19th December 2011

:

 Share Holders

No. of Shares

 J. Morison Rodrigo

 

10

R. Carmaline Rodrigo

             10

h.

Auditors

:

 A G Sarma & Company

i.

Company Secretaries

:

AGS Management Consultants

j.

Importers of

:

Chillies, Sugar

 

Country

:

·         China

·         UAE

k.

Purchasing Terms

:

Cash / Credit

l.

Selling Term

:

Cash / Credit

m.

Type of Customers

:

Retailers

n.

Bankers

:

Not disclosed

 

 

INFORMATION PARTED BY

 

Name :

Mr. Darwin

Designation :

Accountant

Contact No.:

00-94-11-5330358

Date :

08.08.2012

 

 

FINANCIAL DETAILS

 

Most recent available Financial Information

 

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 is not required to make public disclosure of their annual financials. Therefore no financials are available for this entity

 

 

CURRENT INVESTIGATION

                                               

·         History.

 

The Subject Company, DELTA IMPORT & EXPORT (PVT) LTD, is a private limited liability company incorporated on 11th October, 2007 under registration number PV 61670.

 

·         Location.

 

             The Subject Company is located at the client give address   # 34, Second floor, Colombo

             Central Market Complex, Colombo 11, which is a highly commercial area.

 

 

 

·         Operational Details.

 

General

The subject company’s primary line of business is import and distribution of food items for whole sale and retail.

 

Products

Chillies, Onions, Sugar etc.

 

Import Country

China, India, U.A.E

 

Employees

            Approx. 12

 

 

Directors details

 

01)

Name

J. Morison Rodrigo

ID Number

721901017 V

Nationality

Sri Lankan

Gender

Male

Date of Birth

08th July 1972

Age

40 Years

 

02)

Name

R. Carmaline Rodrigo

ID Number

726542155 V

Nationality

Sri Lanka

Gender

Female

Date of Birth

02nd June

Age

40 Years

 

 

03)

Name

L . Janith Rodrigo

ID Number

637132067 V

Nationality

Sri  Lanka

Gender

Female

Date of Birth

31st July 1963

Age

49 Yeas

 

 

·         Financial Data

 

Subject company declined to provide financial information.

                 

             Based on the corporate laws of Sri Lanka, legal entities which are Private Company with 

             Limited Liability is not required to make public disclosure of their annual financials.

             Therefore no financials are available for this entity

 

·         Trade references

 

             The subject company did not provide any trade reference

 

 

·         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.55.17

UK Pound

1

Rs.86.43

Euro

1

Rs.68.27

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.