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Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
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Name : |
KOBI LANKA TRADING (PVT) LTD |
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Registered Office : |
# 162/47, Megoda, Kolonnawa,Wellampitiya |
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Country : |
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Date of Incorporation : |
24.11.2011 |
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Com. Reg. No.: |
PV 82697 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Import & Distributor of Heavy Vehicle |
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No. of Employees : |
40 |
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 |
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Name of Subject of Inquiry |
: |
KOBI LANKA
TRADING (PVT) LTD |
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Legal Form & Status |
: |
Private Limited Liability Company (In Operation) |
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Managing
Director |
: |
Mohamed Faizer Mohamed Zafreen |
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Primary Line of Business |
: |
Import &
Distributor of Heavy Vehicle |
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Head office & Place of
Business |
: |
# 162/47, Megoda, Kolonnawa, Wellampitiya, Sri Lanka. Tel. No: (00 94 11) 721 0676 E-mail: kobilanka@hotmail.com
Location: Owned |
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No. of Employees |
: |
40 |
-Registration and
Shareholder Details
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Registration No |
: |
PV 82697 |
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Date of Registration |
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24th November 2011 |
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Registered Office |
: |
# 162/47, Megoda,
Kolonnawa,Wellampitiya, Sri Lanka. |
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Board of Directors As at 24th November 2011 |
: |
Mohamed Faizer Mohamed Zafreen |
Managing Director |
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Issued Share Capital |
: |
Rs.
10.00 |
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Nominal Value of Share |
: |
Rs.
10.00 |
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Share Holders As at 24th November 2011 |
: |
Share Holders |
No. of Shares |
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Mohamed Faizer Mohamed Zafreen |
01 |
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Auditors |
: |
Not Applicable |
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Company Secretaries |
: |
M.A. Mohamed Fazlar Rahuman |
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Bankers |
: |
Sampat Bank, Colombo Branch |
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Customer Types |
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· Retailers Wholesalers |
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Import |
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Country: China, India Products: Heavy Vehicle |
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Trading Terms
Terms of Purchase L/C, Cash, Credit (30 Days)
Terms of Sale L/C, Cash, Credit (30 Days)
Information Parted
By:
Name : Mr. Irfan
Designation : Import Manager
Date : 25.06.2012
·
History
The Subject Company KOBI LANKA TRADING (PVT) LTD is a
Private Limited liability Company incorporated on 24th November 2011 under
registration number PV 82697.
·
Location.
The subject
company is located at client given address # 162/47, Megoda, Kolonnawa, Wellampitiya, Sri
Lanka
·
Operational
Details.
General
The subject company primary line of
business is Import & Distributor of
Heavy Vehicle.
Products
Containores
Country
India
Employees
40
·
Directors Details
01)
|
Name |
Mohamed Faizer Mohamed Zafreen |
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ID Number |
88331935 V |
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Nationality |
Sri Lankan |
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Gender |
Male |
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Date Of Birth |
28th November 1988 |
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Age |
23 Years |
·
Financial Data
The company has
declined to provide information on its finances
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
·
General Comments
When we contacted
the subject company Managing Director and he Saied he is not interested in our
inquiry and he didn’t provide any details to prepared this report
·
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.56.99 |
|
UK Pound |
1 |
Rs.88.97 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
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.