|
Report Date : |
20.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
M.S.J. CARGOES (CEYLON) PVT LTD |
|
|
|
|
Registered Office : |
# 618, 620, Biyagama Road, Peliyagoda, Kelaniya |
|
|
|
|
Country : |
Sri Lanka |
|
|
|
|
Date of Incorporation : |
07.09.1967 |
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|
|
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Com. Reg. No.: |
PV 12807 |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business : |
Wharf Clearing Services |
|
|
|
|
No. of Employees : |
Not Available |
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 |
B2 |
B2 |
|
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 |
: |
M.S.J. CARGOES
(CEYLON) PVT LTD |
|
Legal Form
& Status |
: |
Private
Limited Liability Company (In
Operation) |
|
Chairman |
: |
Reginald
Abeyawira |
|
Primary Line of
Business |
: |
Wharf
Clearing Services |
|
Head Office & Place of Business |
: |
# 618, 620, Biyagama Road, Peliyagoda, Kelaniya, Sri Lanka. Tel: (00 94 11) 290 4222 / 291
3053 Fax: (00 94 11) 291 5378 E-Mail: jlm_ac@eureka.lk |
|
No.
of Employees |
: |
Not
Disclosed |
-
Registration and Shareholder Details
|
Registration No |
: |
PVS
2579 |
||
|
Date of Registration |
: |
07th
September 1967 |
||
|
Re-registration No |
: |
PV
12807 |
||
|
Date of Re-registration |
: |
08th
April 2009 |
||
|
Registered Office |
: |
#
618, 620, Biyagama Road, Peliyagoda, Kelaniya, Sri Lanka. |
||
|
Board of Directors As at 07th October 2011 |
: |
Reginald
Abeyawira |
Chairman |
|
|
Nihal Parakrama De Alwis Samaranayake |
Managing Director |
|||
|
K.
Sorojith De Soysa Jayatilaka |
Director |
|||
|
Issued
Share Capital |
: |
Rs.
1,500,000.00 |
||
|
Nominal Value of Share |
: |
Rs. 10.00 |
||
|
Share Holders As at 07th October 2011 |
: |
Share Holders |
No. of
Shares |
|
|
H.
R. Gunatilake |
01 |
|||
|
Reginald
Abeyawira |
01 |
|||
|
J.L.
Morison Son & Jones |
150,497 |
|||
|
Upananda
Karunatilaka |
01 |
|||
|
Auditors |
: |
Ernst &
Young |
||
|
Company Secretaries |
: |
W.
M. Gamunu Wijesundera |
||
|
Bankers |
: |
Bank
of Ceylon People’s
Bank Sampath
Bank Hatton
National Bank PLC DFCC
Standard
Chartered Bank |
||
- 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
·
History.
The Subject Company M.S.J.CARGOES (CEYLON) PVT LTD is a
Private Limited liability Company incorporated on 07th September 1967 under
registration number PVS 2579 and
then the company was re-registered on 08th
April 2009 under registration number PV
12807.
·
Location.
The Subject
Company is located at # 618, 620,
Biyagama Road, Peliyagoda, Kelaniya, Sri Lanka.
·
Operational
Details.
General
The Subject Company primary
line of business is Wharf Clearing
Services. The subject company is a subsidiary of J.L.MORRISON SON & JONES GROUP OF COMPANIES which is one of the
largest and oldest pharmaceutical businesses established in Sri Lanka with over
65 years of operations in Sri Lanka.
The other subsidiary companies that come
under the wing of the J.L.MORRISON SON
& JONES (CEYLON) LTD group are
o
M.S.J. FOODS (CEYLON) LTD
o
M.S.J. TOURS (CEYLON) LTD
o
M.S.J. HOTELS (CEYLON) LTD
o
M.S.J. CARGOS
(CEYLON) LTD
o
M.S.J. PROMOTIONAL SERVICES (CEYLON) LTD
o
M.S.J. INDUSTRIES (CEYLON) LTD
Services
Wharf Clearing Services
Employees
Not Disclosed
Directors Details
01)
|
Name |
R. Abeyawira |
|
ID Number |
273000275 V |
|
Nationality |
Sri Lankan |
|
Gender |
Male |
|
Date of Birth |
26th October 1927 |
|
Age |
84 Years |
02)
|
Name |
Nihal Parakrama De
Alwis Samaranayake |
|
ID Number |
553652302 V |
|
Nationality |
Sri Lankan |
|
Gender |
Male |
|
Date of Birth |
30th December 1955 |
|
Age |
56 Years |
03)
|
Name |
K. Sorojith De Soysa Jayatilaka |
|
ID Number |
560800835 V |
|
Nationality |
Sri Lankan |
|
Gender |
Male |
|
Date of Birth |
20th March 1956 |
|
Age |
56 Years |
·
Financial Data
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
·
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.55.70 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
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.