MIRA INFORM REPORT

 

 

Report Date :

07.06.2012

 

IDENTIFICATION DETAILS

 

Name :

AINGARAN IMPORTERS

 

 

Registered Office :

# 147/20, Kazzer Street, Colombo 11

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

03.06.2008

 

 

Com. Reg. No.:

WA 78714

 

 

Legal Form :

Partnership Concern    

 

 

Line of Business :

Importers and Distributors of Food Items

 

 

No. of Employees :

Approximately 10

 

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

     

Name of Subject of Inquiry

:

AINGARAN IMPORTERS

 

Legal Form  & Status

:

Partnership Concern     (In operation)

Managing Partner 

:

P. K. N. Dinesh Kumar

Primary Line of Business

:

Importers and Distributors of Food Items

Head Office

&

Place of Business

 

:

 

# 147/20, Kazzer Street,

Colombo 11.

 

Tel/ Fax No: (00 94 11) 247 2600

 

Mobile No: (00 94 77) 388 1541 –  (Dinesh Kumar)

 

E-mail: aingaran.ipts@yahoo.com

              dineshkit.kumar@gmail.com 

 

No. of Employees

:

Approximately 10

 

 

CONCERN DETAILS

- Registration and Shareholder Details

 

Registration No

:

WA 78714

Date of Registration.

:

03rd June 2008.

Registered Office

:

# 147/20, Kazzer Street, Colombo 11.

Partners

:

P. K. N. Dinesh Kumar

Managing Partner

Sivalingam Saravanabawan

Partner

Secretaries

:

-Not Applicable-

Auditors

:

-Not Disclosed-

Bankers

:

Pan Asia Bank Corporation

 

 

CURRENT INVESTIGATION

 

                                               

                                                 

                                           Concern  Logo

 

·         History.

The Subject Concern  AINGARAN IMPORTERS is a Partnership Concern  incorporated on 03rd June 2008 under registration number WA 78714.

 

·         Location.

                   The Subject Concern  is located at the client given address # 147/20, Kazzer Street, Colombo 11

 

·         Operations Details.

 

General

The subject concern  primary line of business is Importers and Distributors of Food Items. 

 

Products

Stationary Items, Cloth Items, Food Items, Fancy and cosmetics Items, and Pooja Goods.

 

Import Country

India, Indonesia and China 

 

No of Employees

                   Approximately 10

 

·         Financial Data

The Proprietor of the Concern  has declined to provide information on its Finances and also operational details.

        

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 concern  did not provide any trade reference referrals

 

·         Credit Recommendations

                    Since no financial information has been forthcoming from the concern , it is not possible to comment on the merits or otherwise of the concern .

 

No computerised data bases exist to make checks whether the partners or the concern  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.55.50

UK Pound

1

Rs.85.58

Euro

1

Rs.69.30

 

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.