MIRA INFORM REPORT

 

 

Report Date :

09.06.2012

 

IDENTIFICATION DETAILS

 

Name :

LINK IMPORTS & EXPORTS (PVT) LTD

 

 

Registered Office :

# 16, Sri Wickrama Mawatha, Wattala

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

30.09.1991

 

 

Com. Reg. No.:

N (PVS)  8163

 

 

Legal Form :

Private Limited Liability Company (In Operation)

 

 

Line of Business :

Manufacture Export & Distributor of Salt

 

 

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 :

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)

Sir 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

:

LINK IMPORTS & EXPORTS (PVT) LTD

Legal Form  & Status

:

Private Limited Liability Company (In Operation

Managing Director

 :

Amirtharajan Thevanandan

Primary Line of Business

:

Manufacture Export & Distributor of Salt

Head Office

:

 

# 16,

Sri Wickrama Mawatha,

Wattala

Sri Lanka.

 

Tel. No: (00 94 11) 482 1107 / 294 9133/ 294 9135

Fax No: (00 94 11)  294 9135

 

E Mail: link@slt.lk

 

No. of  Employees

:

Not Disclosed

 

 

COMPANY DETAILS 

- Registration and Shareholder Detail

 

Registration No

:

N (PVS)  8163

Date of Registration

:

30th September 1991

Re-registration No

:

PV 8663

Date of Re-registration

:

 29th October 2008

Registered Office

:

 # 16, Sri Wickrama Mawatha Wattala.

 

Board of Directors

As at

14th October 2011

 

 

:

Amirtharajan Thevanandan

Managing Director

Yogambigai Sri balakumaran 

Director

Sangaye Thevananda

Director

Issued  Share Capital

:

LKR.   70,000.00   

Nominal Value of Share

:

LKR.         10.00

 

Share Holders

As at

14th October 2011

 

 

 

 

:

Share Holders

No. of    Shares

Amirtharajan Thevanandan                                        

     6,300

Yogambigai Sri balakumaran 

        700

Auditors

:

S.P.P. Nathan and Company

Company Secretaries

:

Accounting and Allied Service

Bankers

:

Not Disclosed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL DETAILS

- Most recent available Financial Information

 

THE COMPANY HAS DECLINED TO PROVIDE INFORMATION ON ITS FINANCES

                  

                                                                                   

CURRENT INVESTIGATION

                                                                           

·         History.

 

                    The Subject Company LINK IMPORTS AND EXPORTS (PVT) LTD is a    

                    Private     Limited   liability  Company incorporated on 30TH September 1991 under            

                    registration    number N (PVS) 46594 then  the company was re-registered on 06th           

                    November 2008  under registration number PV 9089.

    

·         Location.

 

The Subject Company is located at the client given address # 16, Sri Wickrama Mawatha Wattala, Sri Lanka.

            

·         Operational Details.

 

General

 

                  The subject company’s primary line of business is Manufacture Export & Distributor of Salt

 

Products

                  Salt

                

                  No of Employees

                  Not Disclosed

 

 

·         Director’s Details

01)

Name

Amirtharajan Thevanandan

ID Number

612440662  V

Nationality

Sri Lankan

Gender

Male

Date of Birth

31st August 1961

Age

51 Years

 

02)

Name

Yogambigai Sri balakumaran 

ID Number

658371096 V

Nationality

Sri Lankan

Gender

Female

Date of Birth

02nd December 1965

Age

47 Years

 

 

03)

Name

Sangaye Thevananda

ID Number

695310854 V

Nationality

Sri Lankan

Gender

Female

Date of Birth

31st January 1969

Age

43 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.

 

 

·         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.55.36

UK Pound

1

Rs.85.64

Euro

1

Rs.69.21

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.