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Report Date : |
21.02.2012 |
IDENTIFICATION DETAILS
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Name : |
CABLE SOLUTIONS (PVT) LTD |
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Registered Office : |
Ranmuthugala Estate, Ranmuthugala Kodawatha |
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Country : |
Sri Lanka |
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Date of Incorporation : |
25.02.2008 |
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Com. Reg. No.: |
PV 63036 |
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Legal Form : |
Private Limited Liability |
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Line of Business : |
Manufacturing and Exporting of electrical and electronics Cables. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Sri Lanka |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Name of Subject of Inquiry |
: |
CABLE SOLUTIONS (PVT) LTD |
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Legal Form & Status |
: |
Private Limited Liability Company (in operation) |
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Managing Director |
: |
Pawan Nand Tejwani |
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Primary Line of Business |
: |
Manufacturing and Exporting of electrical and electronics
Cables |
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Place of Business & Factory |
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Flinth Industrial park Ranmuthugala Estate Sri Lanka Tel. No: (00 94 11)
297 2553 Fax No: (00 94 11) 297 2554 E Mail: Srilamka@cablesol.net |
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No. of Employees |
: |
Approximately |
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Registration No |
: |
PV 63036 |
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Date of
Registration |
: |
25th
February 2008 |
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Registered Office |
: |
Ranmuthugala Estate, Ranmuthugala
Kodawatha |
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Board of Directors As At 24th
August 2011 |
: |
Pawan Nand Tejwani |
Managing Director |
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Thangavail jayakumara |
Director |
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Issued Share Capital |
: |
Rs. 11,400,000.00 |
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Nominal Value of
Share |
: |
Rs. 10.00 |
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Board of Directors As At 24th
August 2011 |
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Share Holders |
No. of Shares |
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Pawan Nand Tejwani |
284,999 |
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Thangavail jayakumara |
01 |
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Westman Karl Jora |
285,000 |
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Swedcord Development
AB Sweden |
285,000 |
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Surana Anil |
285,000 |
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Auditors |
: |
Hulangamuwa and Coorey |
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Company
Secretaries |
: |
Anton Fernando |
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Bankers |
: |
Not Disclosed |
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Company Logo
History.
The Subject Company
CABLE SOLUTIONS (PVT) LTD has
been incorporated on
25th February 2008 under registration number PV 63036 as a Private Limited Liability
Company.
Location.
The Subject Company is located at the client given address Flinth Industrial park
Ranmuthugala Estate SriLanka.
Operations Details.
General
The subject company primary line of business is Manufacturing and Exporting of electrical
and electronics Cables.
Products
Coaxial Cables, Power Cables, Control Cables, Automotive Cables, Load Cell cables
Countries
Worldwide
Employees
Not Disclosed
01)
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Name |
Pawan Nand Tejwani |
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ID Number |
Z 1358545 |
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Nationality |
Sri Lankan |
02)
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Name |
Thangavail jayakumara |
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ID Number |
542993001 |
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Nationality |
Sri Lankan |
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Gender |
Male |
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Date of Birth |
25th
October 1954 |
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Age |
58 |
Financial Data
The Subject Company refused to provide its financial details
In Sri Lanka, Private
limited liability/partnership/proprietorship Companies
Do not publish their
Accounts for Public use other than the Shareholders
General Comments
When we contacted the Subject Company they provided some basic details to prepare this report.
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.
|
Name |
Mr. Vasatha |
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Designation |
Finances Manager |
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Mobile No |
00-94-772991790 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.21 |
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|
1 |
Rs.77.75 |
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Euro |
1 |
Rs.64.58 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.