MIRA INFORM REPORT

 

 

Report Date :

09.07.2012

 

IDENTIFICATION DETAILS

 

Name :

EURO ASIAN PHARMA (PVT) LTD

 

 

Registered Office :

# 464, Thimbirigasyaya Road, Colombo 05

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

03.02.1992

 

 

Com. Reg. No.:

N(PVS) 8668                            

 

 

Legal Form :

Private Limited Liability Company  (In Operation)

 

 

Line of Business :

Importer & Supplier of Pharmaceuticals

 

 

No. of Employees :

Not Available  

 

 

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

:

 

EURO ASIAN PHARMA (PVT) LTD

 

Legal Form  & Status

:

Private Limited Liability Company  (In Operation)

Managing Director

:

Sudrshan Saravanamuthu

Primary Line of Business

:

Importer & Supplier of Pharmaceuticals.

Head office

&

Place of Business

 

:

 

# 464,

Thimbirigasyaya Road,

Colombo 05,

Sri Lanka.

 

Tel. No: (00 94 11) 250 5376 - 7

Fax No: (00 94 11) 250 5375

Location: Owned

 

Email: sudarshan@euroasianpharma.com

             ea@euroasianpharma.com

 

Web: www.euroasianpharma.com

 

No. of Employees

:

Not Disclosed

           

 

 

COMPANY DETAILS 

Registration and Shareholder Details

 

Registration No

:

N(PVS) 8668                            

Date of Registration

 

03rd February 1992

Re-registration No

:

 PV 19827

Date of Re-registration

 

22nd November 2010

Registered Office

:

# 464, Thimbirigasyaya Road, Colombo 05, Sri Lanka.

Board of Directors

As at

30th April 2008

:

Sudrshan Saravanamuthu

Managing Director

Ponnaih Balachandran

Director

Pramiladevi Sudarshan

Director

Shanthi Balasubramaniam

Director

Modathil Samuel Saju

Director

Issued Share Capital

:

Rs.    500,020.00              

Nominal Value of Share

:

Rs.             10.00                    

 

Share Holders

As at

30th April 2008

:

Share Holders

No. of

Shares

Sutharasan Saravanamutttu

50,001

Pramiladevi Sudarshan

01

Auditors

:

G.R.S. Management & Secretarial

Company Secretaries

:

K.K. Gnanethiran Associates

Bankers

:

Not Disclosed

Importers

:

Products :Pharmaceutical Products

Country : India

Trading Terms

 

:

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. Modathil Samuel Saju

Designation     : Director

Contact  No.     : (00 94 11) 253 5076

Date                 : 04.07.2012

 

CURRENT INVESTIGATION                      

 

                                                   Euro Asian Logo

                                                      Company Logo

 

·         History

                  The Subject Company EURO ASIAN PHARMA (PVT) LTD is a Private    Limited   liability Company incorporated on 03rd February 1992 under registration number N(PVS) 8668 and then the company was re-registered on 22nd November 2010 under registration number PV 19827.

 

·         Location.

The subject company is located at client given address # 464, Thimbirigasyaya Road, Colombo 05, Sri Lanka

 

·         Operational Details.

 

General

              The subject company primary line of business is Importer & Supplier of Pharmaceuticals.

 

             Products

Pharmaceuticals, Surgicals, cosmetics, herbal products,

 

                  Brands

                  PIDLET, MULAX, PINE, OPTILIP, EZEE, NEUROCOBAL, MIBE, NEBIVAS,     

                  FAMTAC

 

Country

                  India

 

Employees

                  Not Disclosed

 

·         Directors Details

 

         01)

Name

Sudrshan Saravanamuthu

ID Number

601712083 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

19th June 1960

Age

52 Years

 

         02)

Name

Ponnaih Balachandran

ID Number

500371439 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

6th February 1950

Age

62 Years

         03)

Name

Pramiladevi Sudarshan

ID Number

666222466 V

Nationality

Sri Lankan

Gender

Female

Date Of Birth

01st May 1966

Age

46 Years

 

         04)

Name

Shanthi Balasubramaniam

ID Number

497832063 V

Nationality

Sri Lankan

Gender

Female

Date Of Birth

9th October 1949

Age

62 Years

 

         05)

Name

Modathil Samuel Saju

PP Number

F 9983428

Nationality

Indian

 

·         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.55.42

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.