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Report Date : |
18.08.2012 |
IDENTIFICATION DETAILS
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Name : |
SMART GLOBAL |
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Registered Office : |
# 180/1/123, Peoples Park Complex, Colombo- 11 |
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Country : |
Sri Lanka |
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Date of Incorporation : |
28.06.2010 |
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Com. Reg. No.: |
W/A 88880 |
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Legal Form : |
Partnership Company (In Operation) |
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Line of Business : |
Importers & Distributors Food Items |
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No. of Employees : |
Approximately 10 |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Sri Lanka |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
- Basic information at a glance
|
Name of Subject of Inquiry |
: |
SMART
GLOBAL
|
|
Legal Form & Status |
: |
Partnership Company (In Operation) |
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Managing Partner |
: |
G. Rajendran |
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Primary Line of Business |
: |
Importers & Distributors Food Items |
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Office & Place of Business |
: |
# 180/1/123, Peoples Park Complex, Colombo-
11 Sri
Lanka. Tel.
No: (00 94 11) 244 1944 Fax
No: (00 94 11) 239 3339 Email: gnanam@sltnet.lk |
|
No. of
Employees |
: |
Approximately
10 |
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Registration No |
: |
W/A 88880 |
|
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Year of Registration |
: |
28th June, 2010 |
|
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Registered Office |
: |
# 180/1/123, Peoples Park Complex, Colombo- 11 Sri Lanka. |
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Partners |
: |
G. Rajendran |
Managing Partner |
|
R. Salini (Ms) |
Partner |
||
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Auditors |
: |
G & B Associates |
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Bankers |
: |
Bank of Ceylon, Nations Trust Bank, Sampath Bank |
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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
·
History:
The subject
company, SMART GLOBAL is a
Partnership Company (in operation) registered on 28th June, 2010
under Registration No. W/A 88880 as
Importers & Distributors of food items.
The subject company is an associate company of GNANAM IMPORTS (PVT) LTD,
a
company engage with importing and distribution of food items (wholesale
& retail).
·
Location.
The Subject Company is located at the client given address #
180/1/123, Peoples Park
Complex, Colombo-11, Sri Lanka,
which is a highly commercial area where
wholesale/retail Merchants are operating.
·
Operational
Details.
General
The subject company primary
line of business is Import & distribution of all kids of Food Items.
Products
Potatoes, Onions, Lentils, Sugar,
Green peas, Cumming seeds etc.
·
Import & Countries
India, Pakistan,
China
No of Employees
Approximately 10 (Group 100)
·
Financial Data
The company has declined
to provide information on its finances without knowing the details of the end
user of this report.
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 declined to provide any trade references
·
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.55.70 |
|
|
1 |
Rs.87.54 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 SCs 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.