MIRA INFORM REPORT

 

 

Report Date :

07.07.2012

 

IDENTIFICATION DETAILS

 

Name :

BBS PUBLICATIONS INTERNATIONAL (PVT) LTD (PVT) LTD

 

 

Registered Office :

166/25B, Elvitigala Mawatha, Colombo 05

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

12.10.2009

 

 

Com. Reg. No.:

PV 69520

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Publications of books, Magazine, Text Books

 

 

No. of Employees :

05

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

:

BBS PUBLICATIONS INTERNATIONAL (PVT) LTD (PVT) LTD

Legal Form  & Status

:

Private Limited Liability Company (In Operation

Chairman

 :

Baratat Brigitte

Primary Line of Business

:

Publications of books, Magazine, Text Books

Head Office

:

 

166/25B,

Elvitigala Mawatha,

Colombo 05,

Sri Lanka.

 

Mob. No: (00 94 77) 083 7857 (Mr. Baratat Brigitte – M/D)

 

E-mail: bbs@bbspublications.com / bbsgrp@gmail.com

Location: Owned

 

 

No. of  Employees1

:

05

 

 

 

 

 

 


COMPANY DETAILS 

Registration and Shareholder Detail

 

Registration No

:

PV 69520

Date of Registration

:

12th October 2009

Board of Directors

As At

      12th Octomber 2009

 

Baratat Brigitte

Managing Director

Siriwardhana Widhana Pathirannehalage

Director

 

Issued  Share Capital

:

Rs.  1000.00

Nominal Value of Share

:

Rs.  10.00

 

Share Holders

As at

12th Octomber 2009

 

 

:

Share Holders

No. of    Shares

Baratat Brigitte

86

Siriwardhana Widhana Pathirannehalage

08

Jean Noel

03

Lehericey Dominque Claudine

03

Auditors

:

Not Applicable

Company Secretaries

:

Capital Management Services (pvt) Ltd

Bankers

:

Pople’s Bank, Colombo Branch

Terms of Purchase

:

L/C, Cash, Credit  (30-60 Days)

 

Terms of Sale

:

L/C, Cash, Credit  (30-60 Days)

 

Customer Types        

:

·         End Users

Retailers

Wholesalers

 


Information Parted By:

 

Name               : Mr. Baratat Brigitte

Designation     : Managing Director

Mobile No.       : (009477) 0837857

Date                 : 30.06.2012

 

 

CURRENT INVESTIGATION

 

·         History.

       The Subject Company BBS PUBLICATIONS INTERNATIONAL (PVT) LTD is a   

       Private    Limited   Liability  Company incorporated   on 12th Octomber 2009 under  

       registration number PV 69520

 

·         Location.

                   The Subject Company is located at the client given address # 431/3, Elvitigala Mawatha,

Colombo 05

 

                   The subject company is not been listed in any of the telephone directories and as such

                   No contact number available

 

·         Operational Details.

 

General

                    The subject company’s primary line of business is All Kinds of Publications

 

Products

                  Books, Magazines, Text books

 

                 Country

                   Local

 

                   No of Employees

                   05

 

·         Directors Details

01)

Name

Baratat Brigitte

ID Number

1938645

Nationality

Lebanon

 


 

02)

Name

Siriwardhana Widhana Pathirannehalage

ID Number

580200095 V

Nationality

Sri Lankan

Gender

Male

Date of Birth

20th January 1958

Age

48 Years

 

 

·         Financial Data

The company has declined to provide information on its finances.  

                    Further, In Sri Lanka, Private Companies do not publish their Accounts for Public use  

Other than the Shareholders.

 

·         General Comments

When we contacted the subject company Managing Director and they provide some details to prepared this report

 

·         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.55.42

UK Pound

1

Rs.86.04

Euro

1

Rs.68.61

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.