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Report Date : |
23.06.2012 |
IDENTIFICATION DETAILS
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Name : |
SYNTHITE LANKA (PVT) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
16.12.2011 |
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Com. Reg. No.: |
PV 83066 |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturing and Exports Spices |
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No. of Employees : |
03 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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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) |
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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 |
Basic information
at a glance
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Name of Subject of Inquiry |
SYNTHITE LANKA (PVT) LTD |
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Legal Form & Status |
Private Limited Liability Company (In operation) |
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Managing
Director |
Aju Jacob |
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Primary Line of Business |
Manufacturing
and Exports Spices |
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Place
of Business |
#
31 , Bluemendhal Lane, Kotahena,
Colombo15, Contact Person : 0777786925 ( Mr. Hemantha
– Manager)) |
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No of Employees |
03 |
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Bankers |
Hatton
National Bank, Colombo Branch |
Registration and
Shareholder Details
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Registration No |
: |
PV 83066 |
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Date of
Registration |
: |
16th December 2011 |
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Registered
Office / Factory |
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# 31, Bluemendhal
Lane, Kotahena, Colombo 13, Sri Lanka. Tel. No.: (0094)
777786925 E-Mail: email@synthite.com Location : Owned
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Board of
Directors As at 16th December 2011 |
: |
Aju Jacob |
Chairman |
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Issued Share Capital |
: |
Rs. 10.00 |
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Nominal Value of
Share |
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Rs. 10.00 |
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Shareholders As at 16th December 2011 |
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Share Holders |
No. of Shares |
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Synthite Industries |
10 |
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Auditors |
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Not Applicable |
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Secretaries |
: |
Amaratunga
Arachchige Niduk Wasana Perera. |
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Customer Types |
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·
Wholesalers
Retailers |
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Information Parted
By:
Name : Mr. Fernando
Designation : Manager
Mobile No. : (0094) 777786925
Date : 22.06.2012
·
History.
The Subject Company, SYNTHITE
LANKA (PVT) LTD is a Private
Limited Liability Company incorporated on 16th
December 2011 under registration
number PV 83066.
·
Location.
The Subject Company
is located at the client given address #
31, Bluemendhal Lane, Kotahena, Colombo 13, Sri Lanka.
·
Operational
Details.
General
The primary line of
business of Subject Company is Manufacturing
and Exports of Spices.
Products
Clove, Cardamon,
Cinnamon, Pepper, Nut Meg
Export Countries
India, China, U.S.A
Export products
Clove, Cardamon, Cinnamon, Pepper, Nut Meg
No of Employees
03
Trading Terms
Terms of Purchase Cash, Credit
Terms of Sale Cash, Credit
·
Directors Details
01)
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Name |
Aju Jacob |
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ID Number |
Z 1933206 |
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Financial Data
The company has
declined to provide information on its finances
In Sri Lanka, Private
Limited Liability Companies do not publish their
Accounts for Public
use, other than the shareholders.
·
Trade references
The subject
company did not provide any trade references
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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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.99 |
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UK Pound |
1 |
Rs.88.97 |
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Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
NB |
New Business |
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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.