MIRA INFORM REPORT

 

 

Report Date :           

20.01.2012

 

IDENTIFICATION DETAILS

 

Name :

NATURE’S AGRO PRODUCTS LANKA CONCERN 

 

 

Registered Office :

#.71/28, Jaya Mawatha, Maharagama Road, Piliyandala

 

 

Country :

Sri Lanka

 

 

Year of Establishment :

2009

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Proprietorship Concern 

 

 

Line of Business :

Manufacture, Exporters, Importers & Distributors of Coconut, Cinnamon and all kinds of spices

 

 

No. of Employees :

20

 

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 :

Small Concern

Payment Behaviour :

No Complaints

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

:

NATURE’S AGRO PRODUCTS LANKA CONCERN

Legal Form  & Status

:

Proprietorship Concern   (In Operation)

 

Managing Proprietor

 

:

P. Pradeep Samantha

Primary Line of Business

:

Manufacture, Exporters, Importers & Distributors of Coconut, Cinnamon and all kinds of spices.

Office & Place of Business

 

:

 

71/28,Jayah Mawatha,

Maharagama Road,

Piliyandala,

Sri Lanka.

            

Tel No: (00 94 11) 473 4481

Fax No: (00 94 11) 437 4922             

Mobil. No: (00 94 75) 217 1305 

                                                    } (Pradeep Samantha)

                    (00 94 77) 237 7797

 

E-mail: nature’s@yahoo.com /  natures_agro@yahoo.com

 

Location : Owned

No. of Employees

:

20

           

 

CONCERN  DETAILS- Registration and Shareholder Details

 

Registration No

:

Not disclosed

Year of Establishment :

:

2009

Registered Office

:

#.71/28, Jaya Mawatha, Maharagama Road, Piliyandala

Factory

:

219, Colombo Road, Piliyandala, Sri Lanka

 

Proprietor

 

:

P. Pradeep Samantha

 

Auditors

:

Mr. Rohan

Chartered Accountants 

Concern  Secretaries

:

Not applicable

Bankers

:

Bank Of Ceylon

Piliyandala Branch, Sri Lanka

Trading Terms:

:

Purchasing Terms: L/C, Credit , Credit (30 days)

Selling Terms: L/C, Credit , Credit (30 days)

Types of customers

:

·         Retailers

·         Wholesalers

 

 

Information Parted By:

 

Name               : Mr. P. Pradeep Samantha

Designation     : Proprietor

Mobile No.       : (00 94) 752171305

Date                 : 18.01.2012

 

 

 

CURRENT INVESTIGATION

 

HISTORY:

The Subject Concern  NATURE’S AGRO PRODUCTS LANKA CONCERN  is a Proprietorship concern .

 

The Proprietorship/ Partnership companies are being registered at the Provincial Registrar of Companies and when the owner does not provide the registration details it is not possible to extract such details from the Registrar’s office.

 

The subject concern  client given name NATURE AGRO PRODUCTS LANKA CO is in corrected correct name is NATURE’S AGRO PRODUCTS LANKA CONCERN .

 

Location:

 

The subject concern  is located at client given address #.71/28, Jaya Mawatha, Maharagama Road, Piliyandala.

 

OPERATIONAL DETAILS:

 

General

The subject concern ’ primary line of business is Manufacture, Exporters, Importers & Distributors of Coconut, Cinnamon and all kinds of spices

 

Import Products

Onion, Potatoes, Garlic

 

Export Products

Cinnamon, Spices, Fruits, Coconut

                                                           

Import Countries

 India, Pakistan, China

 

Export Countries

India, Pakistan, U.S.A., U.K., Mexico, Dubai

 

Employees

20

 

Proprietor’s Personal Details

 

         01)

Name

P. Pradeep Samantha

ID Number

723621445 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

27th December 1972

Age

39 Years

 

 

Financial Data

                                                                                                            (Amt. In LKR currency)

Particulars

 

31.03.2011

31.03.2010

Sales Turnover

3.5 Crores

(Approximately)

2.5 Crores

                                                                                           

 

                  In Sri Lanka, Private Limited Liability/Proprietorship/Partnership Companies do not         

                  Publish their Accounts for Public use, other than the Shareholders.

 

·         Trade references

                  The subject concern  did not provide any trade reference

 

·         General Comments

When we contact the proprietor of the subject concern  and he refused and didn’t provide to details of the prepared this report.

 

·         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.50.29

UK Pound

1

Rs.77.60

Euro

1

Rs.64.67

 

 

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.