MIRA INFORM REPORT

Report Date :

11.01.2012

IDENTIFICATION DETAILS

Name :	THE TRADESMANN SL (PVT) LIMITED
Registered Office :	# 40, Ferry Road, Borupana, Ratmalana.
Country :	Sri Lanka
Date of Incorporation :	07.05.1994
Com. Reg. No.:	PV 1166
Legal Form :	Private Limited Liability Company
Line of Business :	Importers, Manufactures and Distributors of all kinds of Hardware, Industrial Tools and Home Appliances
No. of Employees :	Approx. 1000

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^th, 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	:	THE TRADESMANN SL (PVT) LIMITED
Legal Form & Status	:	Private Limited Liability Company (in operation)
Managing Director	:	M.N. Mohamed Najmudeen
Primary Line of Business	:	Importers, Manufactures and Distributors of all kinds of Hardware, Industrial Tools and Home Appliances
Office & Place of Business & factory		# 40 Borupana Road, Ratmalana. Sri Lanka. Tel. No: (00 94 11) 556 5656-7- 8 Fax No: (00 94 11) 556 5605 E mail: telemarketing@tradesmann.com / azard@tradesmann.com Website : www.tradesmann.com Location : Owned
Factory	:	Pure Metal factory Wester Seaton Estate Divlapitiya Road Demanhandiya Tel. No: (00 94 31) 531 1270 / 9
No. of Employees	:	Approx. 1000

COMPANY DETAILS- Registration and Shareholder Details

Registration No			N (PVS) 12813
Date of Registration		:	07^th May 1994
Re-Registration No			PV 1166
Date of Re-Registration		:	27^th November 2007
Registered Office		:	# 40, Ferry Road, Borupana, Ratmalana.
Board Of Directors As At 10^th December 2010		:	M. N. Mohamed Najmudeen	Managing Director
			Isbun Nihar Najmudeen	Director
			Fazal Issadeen	Director
			M. N. Mohomed Umayr	Director
			Thambirajah Mahendran	Director
Issued Share Capital		:	Rs. 103,602,400.00
Nominal Value of Share		:	Rs. 10.00
Share Holders As At 10^th December 2010		:	Share Holders	No of Shears
			M. N. Mohamed Najmudeen	3,612,500
			Isbun Nihar Najmudeen	387,500
			The Jewellers International	6,360,240
Secretaries	:		Accounting Systems Secretarial Services (Pvt) Ltd
Auditors	:		SJMS Associates
Bankers		:	Commercial Bank, Seylan Bank, Bank of Ceylon, Ratmalana Branch National Development bank
Trading Terms		:	Purchasing Terms: Cash, Credit (30-60 days) Selling Terms : Cash, Credit (30-60 days)
Types of customers		:	· Wholesalers · Retailers · End Users

Information Parted By:

Name : Mr. Azard

Designation : Finance Executive

Mobile No. : 777349207

Date : 09.01.2012

CURRENT INVESTIGATION

Company Logo

· History.

The subject company, THE TRADESMANN SL (PVT) LTD is a Private Limited liability

Company incorporated on 07^th May 1994 under registration number N (PVS) 12813 and then the

Company was re-registered on 27^th November 2007 under registration number PV 1166.

The subject company client given name The Tradesmann Pvt. Ltd is incorrect subject company

Correct name is THE TRADESMANN SL (PVT) LTD.

The subject company earlier known as Steel Feeds Trading (Pvt) Ltd, it is changed on 22^nd

March 2007.

· Location:

The subject company is located at client given address # 40, Ferry Road, Borupana,

Ratmalana, Sri Lanka.

Approx.10 kilo meters south of Colombo city where many a industries are located.

· Operational Details.

General

The main line of business of the subject company is Importing, Manufacturing, Trading &

Distribution of general hardware, industrial power tools, tyres & Tubes, and Home

Appliances.The subject company have own distribution and marketing divisions to supply the

Items to island wide dealers.

The subject company has earned ISO 9001: 2000, ISO 14001: 2004, OHSAS 18001: 1999

Products:

General Hardware, Building Hard ware, Roofing sheets, Lighting, Power tools, Home Appliances

Tyres & Tubes, Pre fabricated Buildings.

Brands

“Belgryn”& “Aura” Bulbs; “Linda” fans; “Armour & Triangle” Tyres; “Atrix” Power tools;

“Ganga” & “Sevili”Roofing Sheets; Globe padlocks; “Burwood” PVC doors and products of

Brand names such as Derric; Shakthi, Switchel, Sunlion etc.

Imports

India, China, Malaysia, Singapore, Taiwan

No of Employees:

Approx. 1000

Directors Details

01)

Name	M. N. Mohamed Najimudeen
ID Number	620323640 V
Nationality	Sri Lankan
Gender	Male
Date Of Birth	01st February 1962
Age	50 Years

02)

Name	Isbun Nihar Najmudeen
ID Number	625733715V
Nationality	Sri Lankan
Gender	Female
Date Of Birth	13^th March 1962
Age	50 Years

03)

Name	Fazal Issadeen
ID Number	553122740 V
Nationality	Sri Lankan
Gender	Male
Date Of Birth	7th November 1955
Age	57 Years

04)

Name	M. N. Mohomed Umayr
ID Number	863650968 V
Nationality	Sri Lankan
Gender	Male
Date Of Birth	30^th December 1986
Age	26 Years

05)

Name	Thambirajah Mahendran
ID Number	520706550 V
Nationality	Sri Lankan
Gender	Male
Date Of Birth	10^th March 1952
Age	60 Years

· Financial Data:

The subject company has declined to provide information on its finances.

In Sri Lanka, Private Limited Liability Companies do not publish their Accounts for

Public use, other than the shareholders.

· General Comments

When we contacted the subject company and they were refused and provide some basic details.

· Trade references:

Wheel Lanka (PVT) Ltd. Sri Lanka

“Ganga” Roofing Manufacturers’, India

· 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.52.23
UK Pound	1	Rs.80.84
Euro	1	Rs.66.79

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.