MIRA INFORM REPORT

 

 

Report Date :

26.07.2012

 

IDENTIFICATION DETAILS

 

Name :

CEYOKA (PVT) LTD

 

 

Registered Office :

# 55, Negombo Rd, Peliyagoda, Sri Lanka

 

 

Country :

Sri lanka

 

 

Date of Incorporation :

22.01.2010

 

 

Com. Reg. No.:

PV 70812

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Import and sale of industrial machinery, hardware items, medical equipments

 

 

No. of Employees :

Approximately 30

 

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

:

CEYOKA (PVT) LTD

Legal Form  & Status

:

Private Limited Liability Company (in operation)

 

Chairman

 

 :

Anusha Givantha Dharmadasa

Primary Line of Business

:

Import and sale of industrial machinery, hardware items, medical equipments

Place of Business & Factory

:

 

# 55,

Negombo Road,

Peliyagoda,

Sri Lanka

 

Tel. No: (00 94 11) 298 9999

Fax No: (00 94 11) 291 3910

 

E Mail: pharma@ceyoka.com

 

 

No. of  Employees

:

Approximately 30

           

 

COMPANY DETAILS

Registration and Shareholder Details

 

Registration No

:

PV 70812

Date of Registration

:

22nd  January 2010

Registered Office

:

# 55, Negombo Rd, Peliyagoda, Sri Lanka

Board of Directors

As At

14th Octomber 2011

:

Anusha Givantha Dharmadasa

Chairman

Chamitha Sreeni Dharmadasa

Director

U. Harshith Dharmadasda

Director

Treecy Diyan Lowe

Director

Issued Share Capital

:

Rs.  30.00 

 

Nominal Value of Share

:

Rs.   10.00                             

 

Share Holders

As At

14th Octomber 2011

 

 

                       Share Holders

No. of Shares

 

Anusha Givantha Dharmadasa

       01

 

Chamitha Sreeni Dharmadasa

       01

 

U. Harshith Dharmadasda

       01

 

Auditors

:

Abeyrathne & Company

 

Company Secretaries

:

Consultants & Corporate Secretaries (Pvt) Ltd

 

Bankers

:

Bank of Ceylon, Hatton National Bank, Peoples Bank

 

 

 

 

 

CURRENT INVESTIGATION

                       

·         History.

 

                    The Subject Company CEYOKA (PVT) LTD is a Private    Limited   liability Company incorporated on 22nd January 2010 under registration number PV 70812.

 

·         Location.

 

The Subject Company is located at the client given address # 55, Negombo Rd, Peliyagoda, Sri Lanka

 

·         Operations Details.

 

General

The subject company primary line of business is Import and sale of industrial machinery, hardware items, medical equipments

 

Products

Industrial machinery, hardware items, Medical Equipments

 

Import Countries

India, UK, China, Taiwan, Pakistan, Germany

 

·         Subsidiary companies of Nawaloka Group

o        Nawakrama (Pvt) Ltd

o        Nawaloka Trading Co., Ltd

o        Koala Steel Fabrications

o        Nawatex (Private) Limited

o        Koala (Pvt) Ltd

o        Nawaloka Holdings (Pvt) Ltd

o        Nawaloka Hospitals PLC

o        Nawaloka Metropolis Clinical Laboratories (Pvt) Ltd

o        Nawaloka Medical Centres Ltd

o        Nawaloka Aviation (Pvt) Ltd

o        Nawaloka Construction Company (Pvt) Ltd

o        Nawaloka ABC Petroleum (Pvt) Ltd

o        Ashford International (Pvt) Ltd

o        Concord Ventures Exports Lanka (Pvt) Ltd

o        Sahas Wear (Pvt) Ltd

The Group’s business areas include construction, packaging, and also owns the largest     private hospital namely “Nawaloka Hospital”, Colombo. The subject company functions as its medical supply arm.

Employees

                   Approximately 30

 

 

 

 

·         Financial Data

                  The company has declined to provide information on its finance.

 

                  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 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.56.38

UK Pound

1

Rs.87.44

Euro

1

Rs.68.05

 

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.