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Report Date : |
23.06.2012 |
IDENTIFICATION DETAILS
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Name : |
AROMATIC LABORATORIES (PVT) LTD |
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Registered Office : |
# 120/3, Aramaya Road, Dematagoda, Colombo 09 |
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Country : |
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Date of Incorporation : |
01.02.1985 |
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Com. Reg. No.: |
N (PVS) 1611 |
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Legal Form : |
Private Limited Liability Company (In operation) |
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Line of Business : |
Manufactures, Imports of Food colouring and Food flavour |
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No. of Employees : |
12 Approximately |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Name of Subject of Inquiry |
: |
AROMATIC
LABORATORIES (PVT) LTD |
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Legal Form & Status |
: |
Private Limited Liability Company (In operation) |
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Managing
Director |
: |
Mohamed Raffi Mansoor |
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Primary Line of Business |
: |
Manufactures, Imports
of Food colouring and Food
flavour |
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Head Office & Place of
Business & Factory |
: |
# 120/3, Aramaya Road, Dematagoda, Colombo 09. Tel. No: (00 94 11) 269 1816 Fax No: (00 94 11) 268 3278 E-mail: arolab@sltnet.lk Location: Owned |
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No. of Employees |
: |
12
Approximately |
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Registration No |
: |
N (PVS) 1611 |
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Date of
Registration |
: |
01st February 1985 |
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Re- registration
No |
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PV 16121 |
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Date of Re-registration |
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28th September 2009 |
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Registered
Office |
: |
#
120/03, Aramaya Road, Colombo 09 |
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Board Of
Directors As At 18th
October 2011 |
: |
Mohamed Raffi Mansoor |
Director |
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Mohamed Azad
Faiz |
Director |
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N. Asharanissa
Wadood |
Director |
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S. Fairoza Faiz |
Director |
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S. Faris Ahamed |
Director |
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Issued Share
Capital |
: |
LKR. 3,100,000.00 |
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Nominal Value of
Share |
: |
LKR. 10.00 |
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Share Holders As At 18th
October 2011 |
: |
Share Holders |
No of Shears |
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Mohamed Raffi
Mansoor |
202,000 |
|||
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Mohamed Azad
Faiz |
2,000 |
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W. Peer Mohamed |
2,000 |
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N.I. Asharanissa
Wadood |
2,000 |
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S. Fairoza Faiz |
2,000 |
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S. Faris Ahamed |
100,000 |
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Secretaries
|
:
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Ceylon Secretarial Services Ltd |
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Auditors |
: |
Gunawardena & Company (Pvt) Ltd |
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Bankers |
: |
Commercial Bank, HNB Bank of Ceylon, Colombo |
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Customer |
: |
Wholesaler, Retailers Milco (P) (L) |
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- Most recent available Financial Information
THE COMPANY HAS DECLINED TO PROVIDE ANY
FINANCIAL INFORMATION
(General Details)
Name :
Mr. Mohamed Ismail
Designation :
Marketing Manager
Contact :
94-11-2691816
Date :
22.06.2012
·
History.
The Subject Company AROMATIC LABORATORIES (PVT) LTD is a Private Limited
liability Company incorporated on 01st February 1985
under registration number N (PVS) 1611
and then the company was re registered on 28th
September 2009 under registration number PV 16121.
·
Location.
The Subject Company is located
at the client given address # 120/03,
Aramaya Road, Dematagoda, Colombo 09
·
Operations
Details.
General
The subject company primary line of business
is Manufactures, Imports of Food
colourings and Food flavours.
Products
Flavouring
Essences, Food Colours, Liquid Food Colours, Industrials Fragrances, Personal
Care Fragrances, Essential Oils
Trading terms
Purchasing: Cash,
Credit
Selling: Cash,
Credit
Employees
12 Approximately
Director’s Details
1)
|
Name |
Mohamed Raffi Mansoor |
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ID Number |
550042304V |
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Nationality |
Sri Lankan |
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Gender |
Male |
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Date of Birth |
4th
January 1955 |
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Age |
56 Years |
2)
|
Name |
Mohamed Azad Faiz |
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ID Number |
563562188V |
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Nationality |
Sri Lankan |
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Gender |
Male |
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Date of Birth |
21st
December 1956 |
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Age |
54 Years |
3)
|
Name |
N. Asharanissa
Wadood |
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PP Number |
N 1896770 |
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Nationality |
Indian |
4)
|
Name |
S. Fairoza Faiz |
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ID Number |
64657195X |
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Nationality |
Sri Lankan |
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Gender |
Female |
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Date of Birth |
05th June
1964 |
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Age |
47 Years |
5)
|
Name |
S. Faris Ahamed |
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ID Number |
90191103V |
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Nationality |
Sri Lankan |
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Gender |
Male |
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Date of Birth |
17th July
1990 |
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Age |
20 Years |
·
Financial Data
The company has declined
to provide information on its finance
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
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.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.