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Report Date : |
03.07.2012 |
IDENTIFICATION DETAILS
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Name : |
WALK STEP LANKA (PVT) LTD |
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Registered Office : |
# 329/1C, |
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Country : |
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Date of Incorporation : |
24.09.2008 |
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Com. Reg. No.: |
PV 65665 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Import & Distributor of Slippers |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
Basic information at
a glance
|
Name of Subject of Inquiry |
: |
WALK STEP LANKA
(PVT) LTD |
|
Legal Form & Status |
: |
Private Limited Liability Company (In Operation) |
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Managing
Director |
: |
Abdul Caseem Ummu Seefa |
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Primary Line of Business |
: |
Import &
Distributor of Slippers |
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Head office & Place of
Business |
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# 329/1C, Kandy Road, Kokiskade Junction, Kirillawala, Sri
Lanka. Mob.
No: (00 94 77) 732 5414 (Mr. S.M.
Mohamed Kakam – Secretary) |
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No. of Employees |
: |
Not
Disclosed |
Registration and
Shareholder Details
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Registration No |
: |
PV 65665 |
||
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Date of Registration |
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24th
September 2008 |
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Registered Office |
: |
# 329/1C, Kandy Road, Kokiskade Junction,
Kirillawala, Sri Lanka. |
||
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Board of Directors As at 24th September 2008 |
: |
Abdul Caseem Ummu Seefa |
Managing Director |
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Issued Share Capital |
: |
Rs.
10.00 |
||
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Nominal Value of Share |
: |
Rs.
10.00 |
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Share Holders As at 24th September 2008 |
: |
Share Holders |
No. of Shares |
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Abdul Caseem Ummu Seefa |
01 |
|||
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Auditors |
: |
Not Applicable |
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Company Secretaries |
: |
Seyed Mohamed Mohamed Kakam |
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Bankers |
: |
Not Disclosed |
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·
History
The Subject Company WALK STEP LANKA (PVT) LTD is a
Private Limited liability Company incorporated on 24th
September 2008 under registration PV 65665.
·
Location.
The subject company is
located at # 329/1C, Kandy Road, Kokiskade Junction,
Kirillawala, Sri Lanka.
·
Operational
Details.
General
The subject company primary line of
business is Import & Distributor of
Slippers.
Products
Slipers
Country
Pakistan
Employees
Not Disclosed
·
Directors Details
01)
|
Name |
Abdul Caseem Ummu Seefa |
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ID Number |
685835087 V |
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Nationality |
Sri Lankan |
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Gender |
Male |
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Date Of Birth |
23rd March 1968 |
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Age |
49 Years |
·
Financial Data
The company has
declined to provide information on its finances
Based on the corporate laws
of Sri Lanka, legal entities which are Private Company with
Limited Liability is not
required to make public disclosure of their annual financials.
Therefore no Financials are available for this entity.
·
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.83 |
|
UK Pound |
1 |
Rs.87.41 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.