MIRA INFORM REPORT

 

 

Report Date :

26.06.2012

 

IDENTIFICATION DETAILS

 

Name :

GREEN FEEDER LINES LTD

 

 

Registered Office :

Green Lanka Towers #.46/46, Nawam Mawatha, Colombo 02

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

17.07.2006

 

 

Com. Reg. No.:

N (PBS) 1338

 

 

Legal Form :

Private Limited Liability Company  (In Operation)

 

 

Line of Business :

Shipping Agents

 

 

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)

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

:

 

GREEN FEEDER LINES LTD

 

Legal Form  & Status

:

Private Limited Liability Company  (In Operation)

Managing Director

:

N.B. Genevieve Norma Margarita

Primary Line of Business

:

Shipping Agents

Head office

&

Place of Business

 

:

 

#.46/46, Nawam Mawatha
Colombo 02,

Sri Lanka.

 

Tel. No: (00 94 11) 230 2100 - 15

Fax. No: (00 94 11) 230 2116/7

 

E-mail: glk@greenlanka.net

 

No. of Employees

:

Not Disclosed

           

 

COMPANY DETAILS 

- Registration and Shareholder Details

 

Registration No

:

N (PBS) 1338

Date of Registration

 

17th July 2006

Re-registration No

 

PB 758

Date of Re-registration

 

27th November 2008

Registered Office

:

Green Lanka Towers #.46/46, Nawam Mawatha, Colombo 02, Sri Lanka.

Board of Directors

As at

14th October 2011

:

N.B. Genevieve Norma Margarita

Managing Director

D. Gamini Nanayakkara

Director

D. K. Annette Nanayakkara

Director

D. P. Amindra Nanayakkara

Director

Issued Share Capital

:

Rs.    500,000.00               

Nominal Value of Share

:

Rs.            10.00                    

 

 

Share Holders

As at

14th October 2011

:

Share Holders

No. of

Shares

N.B. Genevieve Norma Margarita

25,501

D. Gamini Nanayakkara

10,000

D. K. Annette Nanayakkara

7,248

D. P. Amindra Nanayakkara

7,248

Mammullage Mahind

01

A. Valentine

01

Auditors

:

Haqque Martine & Co.

Company Secretaries

:

Com –Sec Management Services

Bankers

:

Not Disclosed

 

 

FINANCIAL DETAILS

 – Most recent available Financial Information

 

THE COMPANY HAS DECLINED TO PROVIDE INFORMATION ON ITS FINANCES

 

 

information declined by

 

Name                : Ms. Kamalika

Designation       : Accountant

Date                 : 25.06.2012

Current investigation

 

·         History

 

                  The Subject Company GREEN FEEDER LINES LTD is a Private    Limited   liability Company incorporated on 17th July 2006 under registration number N (PBS) 1338 and then the company was re-registered on 27th November 2008 under registration number PB 758

 

·         Location.

 

The subject company is located at client given address #.46/46, Nawam Mawatha, Colombo 02, Sri Lanka.

 

·         Operational Details.

 

General

            The subject company primary line of business is Shipping Agents.

 

            Services

                  Containers

                  Container Depots

                  Cargo Tracking

                   

Country

                  Worldwide

 

Employees

                  Not Disclosed

 

 

·         Directors Details

         01)

Name

N.B. Genevieve Norma Margarita

ID Number

455300908 V

Nationality

Sri Lankan

Gender

Female

Date Of Birth

30th January 1945

Age

67 Years

 

 

 

 

         02)

Name

D. Gamini Nanayakkara

ID Number

373610195 X

Nationality

Sri Lankan

Gender

Male

Date Of Birth

26th December 1937

Age

74 Years

        

 

         03)

Name

D. K. Annette Nanayakkara

ID Number

68620350 V

Nationality

Sri Lankan

Gender

Female

Date Of Birth

29th April 1968

Age

44 Years

 

 

         04)

Name

D. P. Amindra Nanayakkara

ID Number

710172617 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

17th January 1971

Age

41 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

 

 

·         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.56.53

UK Pound

1

Rs.88.09

Euro

1

Rs.70.83

 

 

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.