MIRA INFORM REPORT

 

 

Report Date :           

21.02.2012

 

IDENTIFICATION DETAILS

 

Name :

CLUB TEX MARK (PVT) LTD

 

 

 

 

Registered Office :

# 14/5, Dutugemunu Mawatha, Peliyagoda

 

 

 

 

Country :

Sri Lanka

 

 

 

 

Date of Incorporation :

02.05.2005

 

 

 

 

Com. Reg. No.:

PV 8350

 

 

 

 

Legal Form :

Private Limited Liability Company

 

 

 

 

Line of Business :

Manufacturers, Exporters of all kinds of garments

 

 

 

 

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 – September 30th, 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

     

Name of Subject of Inquiry

:

 CLUB TEX MARK (PVT) LTD

Legal Form  & Status

 

:

 

Private Limited Liability Company  (In Operation)

Managing Director

 :

Lie Rusmin

Primary Line of Business

:

Manufacturers, Exporters of all kinds of garments.

Head office

&

Factory

:

 

 # 14/5, Dutugemunu Mawatha,

Peliyagoda,

Sri Lanka.            

Tel No:  (00 94 ) 294 3115

Fax No: (00 94 ) 2 949 556

 

 

No. of Employees

:

Not Disclosed

           

                       

COMPANYDETAILS- Registration and Shareholder Details

 

Registration No

:

N (PVS) 41464

Date of Registration

:

02nd May 2005

Re-registration No

:

PV 8350

Date of Re-registration

:

20th October 2008

Registered Office

:

14/5, Dutugemunu Mawatha, Peliyagoda

Board of Directors

As At

14th October 2011

:

Lie Rusmin

Managing Director

 Suthesamithiran kirishnakanthan

Director

Palanichamy Kumar

Director

S. Krisma Kumar

Director

Issued Share Capital

:

Rs. 12,500,000.00

Nominal Value of Share

:

Rs.             10.00

Share Holders

As  At

14th October 2011

:

 

 Share Holders

No. of

Shares

Lie Rusmin

500,000

Suthesamithiran kirishnakanthan

       250,000

Palanichamy Kumar

       250,000                  

S. Krisma Kumar

       250,000

Secretaries

:

G R S Management and Secretarial Services (Pvt) Ltd

Auditors

:

K.K. Gunanenthiran Associates

 

 

CURRENT INVESTIGATION      

                                   

·         History.

                  The Subject Company CLUB TEX MARK (PVT) LTD is a Private    Limited   liability Company incorporated in 02nd May 2005 under registration number N (PVS) 41464. Then the company was re-registered on 20th October 2008 under registration number PV 8350

.

 

·         Location.

                  The Subject Company is located at address and client given address # 14/5, Dutugemunu Mawatha, Peliyagoda .

 

 

·         Operational Details.

 

General

            The subject company primary line of business is Manufacturers, Exporters of all kinds of garments

 

Products

Blouses, Skirts, Jackets, shirts, Trousers,lingerrie

 

Employees

                   Not Disclosed

 

Director’s Details

 

01)

Name

Lie Rusmin

ID Number

A 183907

Nationality

Indonesia

 

 

 

 

 

 

 

 

 

 

02)

Name

Suthesamithiran kirishnakanthan

ID Number

762490455 V

Nationality

Sri Lankan

Gender

Male

Date of Birth

05th September 1976

Age

36 Years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

03)

Name

Palanichamy Kumar

ID Number

610880576 V

Nationality

Sri Lankan

Gender

Male

Date of Birth

28th March 1961

Age

51 Years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

04)

Name

S. Krisma Kumar

ID Number

791933358 V

Nationality

Sri Lankan

Gender

Male

Date of Birth

11th July 1979

Age

33 Years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

·         Financial Data

 

The Subject Company declined to provide financial information  

 

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 all the basic details to prepare this report

 

·         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.49.21

UK Pound

1

Rs.77.75

Euro

1

Rs.64.58

 

 

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.