MIRA INFORM REPORT

Report Date :

18.01.2012

IDENTIFICATION DETAILS

Name :	GOD RAY IMPEX
Registered Office :	# 153, 4^th Cross Street, Colombo- 11
Country :	Sri Lanka
Date of Incorporation :	Not Available
Com. Reg. No.:	Not Available
Legal Form :	Proprietorship Concern
Line of Business :	Importers & Distributors Food Items
No. of Employees :	10

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Small Concern
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	:	GOD RAY IMPEX
Legal Form & Status	:	PROPRIeTORSHIP Concern (In Operation)
Managing Proprietor	:	R. Dushanthan
Primary Line of Business	:	Importers & Distributors Food Items
Office & Place of Business	:	# 153, 4^th Cross Street, Colombo- 11 Sri Lanka. Tel. No: (00 94 11) 234 5224 Fax No: (00 94 11) 238 2767 Mobile : (00 94 77) 725 3267 / 777 22 5380 ( Mr. Dushanthan) Email: godray@sltnet.lk
No. of Employees	:	Approximately 10

CONCERN DETAILS- Registration and Shareholder Details

Registration No	:	Not Disclosed
Year of Registration	:	Not Disclosed
Registered Office	:	# 153, 4^th Cross Street, Colombo- 11 Sri Lanka.
Proprietor	:	R. Dushanthan	Managing Proprietor
Auditors	:	Not Disclosed
Bankers	:	Not Disclosed

CURRENT INVESTIGATION

· History:

The subject concern, GOD RAY IMPEX is a Proprietorship Concern in operation as Importers & Distributors of food items. Further details were declined as they need to know the end user of this report.

The Proprietorship/Partnership Companies are registered at the Provincial Registrar of Companies and as the management declined to provide registration details it is not possible to trace concern details at the Registrar’s office.

· Location.

The Subject Concern is located at the client given address # 153, 4^th Cross Street,

Colombo-11, Sri Lanka, which is a highly commercial area where wholesale/retail

Merchants are operating.

· Operational Details.

General

The subject concern primary line of business is Import & distribution of all kids of Food Items.

Products

Potatoes, Onions, Lentils, Sugar etc.

· Import & Countries

India

No of Employees

Approximately 10

· Financial Data

The concern has declined to provide information on its finances without knowing the details of the end user of this report.

In Sri Lanka, financial information of Limited Liability/Proprietorship/Partnership Companies is not available for public use.

· Trade references

The subject concern declined to provide any trade references

· Credit Recommendations

Since no financial information has been forthcoming from the concern, it is not possible to comment on the merits or otherwise of the concern.

No computerised data bases exist to make checks whether the partners or the concern 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.51.06
UK Pound	1	Rs.78.48
Euro	1	Rs.64.99

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.