MIRA INFORM REPORT

 

 

Report Date :

09.07.2012

 

IDENTIFICATION DETAILS

 

Name :

A S AGRI EXPORTS (PVT) LTD

 

 

Registered Office :

# 100, Thimbilla Estate, Puttalam Road, Chilaw

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

03.08.2004

 

 

Com. Reg. No.:

N(PVS) 38471               

 

 

Legal Form :

Private Limited Liability Company 

 

 

Line of Business :

Manufacture & Exporters Coconut & Coconut Products

 

 

No. of Employees :

65

 

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 :

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 – 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

 

a.

Name of Subject of Inquiry

:

 

A S AGRI EXPORTS (PVT) LTD

 

b.

Legal Form  & Status

:

Private Limited Liability Company  (In Operation)

c.

Chairman

:

Aynkaran Saseenthiran Sabaratnam

d.

Primary Line of Business

:

Manufacture & Exporters Coconut & Coconut Products

e.

Head office

&

Place of Business

 

:

 

# 100,

Thimbilla Estate,

Puttalam Road,

Chilaw

Sri Lanka.

 

Tel. No: (00 94 32) 222 1050

Fax No: (00 94 32) 222 1820

 

Email: asagri-@yahoo.com

 

f.

No. of Employees

:

Not Disclosed

 

 

COMPANY DETAILS  - Registration and Shareholder Details

 

a.

Registration No

:

N(PVS) 38471               

Date of Registration

 

03rd August  2004

b.

Re-registration No

:

 PV 13750

Date of Re-registration

 

08th June 2009

c.

Registered Office

:

# 100, Thimbilla Estate, Puttalam Road, Chilaw, Sri Lanka.

d.

Board of Directors

As at

31st December 2011

:

Aynkaran Saseenthiran Sabaratnam

Chairman/M/D

H. Geetha Srimathi

Director

e.

Issued Share Capital

:

Rs.    2,000,000.00              

f.

Nominal Value of Share

:

Rs.                10.00                    

g.

 

Share Holders

As at

31st December 2011

:

Share Holders

No. of

Shares

Aynkaran Saseenthiran Sabaratnam

100,000

H. Geetha Srimathi

100,000

h.

Auditors

:

AGS Sharma & Company

i.

Company Secretaries

:

H. Geetha Srimathi

k.

Bankers

:

Seylon Bank

 

 

Current investigation

 

·         History

 

                  The Subject Company A S AGRI EXPORTS (PVT) LTD is a Private    Limited   liability Company incorporated on 03rd August 2004 under registration number N(PVS) 38471 and then the company was re-registered on 08th June 2009 under registration number PV 13750.

 

 

·         Location.

The subject company is located at client given address # 100, Thimbilla Estate, Puttalam Road, Chilaw, Sri Lanka

 

·         Operational Details.

 

General

 

            The subject company primary line of business is Manufacture & Exporters Coconut & Coconut Products

 

 

            Products

                 Coconut Fresh Nuts, Coconut Fiber Products

 

 

Country

Eastern Asia, Western Europe

 

 

Employees

                  Approximately 50

 

 

·         Directors Details

 

 

Name

Aynkaran Saseenthiran Sabaratnam

ID Number

642383817 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

25th August 1964

Age

47 Years

 

Name

H. Geetha Srimathi

ID Number

727282866 V

Nationality

Sri Lankan

Gender

Female

Date Of Birth

15th August 1972

Age

40 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.

 

 

Information parting

 

Name

Ms. Anushka

Designation

Account Executive

Mobile

(009432) 2221000

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.41

UK Pound

1

Rs.86.04

Euro

1

Rs.68.60

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

Calling

JML

 

 

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.