|
Report Date : |
26.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
LANKAPURA APPARELS
(PVT) LTD |
|
|
|
|
Registered Office : |
# 111, Pallidora Road,
Dehiwala, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
17.08.1992 |
|
|
|
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Com. Reg. No.: |
N (PVS) 9528 |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business : |
Manufacturers & Exporters of all kinds
of Garments |
|
|
|
|
No. of Employees : |
881 |
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 : |
Unknown |
|
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 |
|
a. |
Name of Subject of Inquiry |
: |
LANKAPURA
APPARELS (PVT) LTD |
|
b. |
Legal Form & Status |
: |
Private Limited Liability Company (In Operation) |
|
c. |
Managing
Director |
: |
Wickram
Mohanlal Amalean |
|
d. |
Primary Line of Business |
: |
Manufacturers & Exporters of all kinds of Garments. |
|
e. |
Head office & Place of
Business |
|
# 111,
Pallidora Road, Dehiwala, Sri Lanka. Tel. No: (00 94 11) 273 0516 Fax No: (00 94 11) 273 7579 E-mail: rameshv@interquilts.com/ asokaD@cointerarilts.com
|
|
Factory |
: |
Galamuna, Polonnaruwa, Sri Lanka. Tel No:
(00-94-27) 22 3057 Fax No:
(00-94-27) 22 2239 |
|
|
f. |
No. of Employees |
: |
Approximately
881 |
|
a. |
Registration No |
: |
N (PVS) 9528 |
||
|
Date of Registration |
|
17th
August 1992 |
|||
|
b. |
Re-registration No |
: |
PV 5200 |
||
|
Date of Re-registration |
|
09th July 2008 |
|||
|
c. |
Registered Office |
: |
# 137, Main Street,
Colombo 11, Sri Lanka. |
||
|
d. |
Board of Directors As at 14th October 2010 |
: |
Wickram
Mohanlal Amalean |
Managing Director |
|
|
Rajen Mohanlal Amalean |
Director |
||||
|
e. |
Issued Share Capital |
: |
Rs.
4,000,000.00 |
||
|
f. |
Nominal Value of Share |
: |
Rs.
10.00 |
||
|
g. |
Share Holders As at 14th October 2010 |
: |
Share Holders |
No. of Shares |
|
|
Wickram
Mohanlal Amalean |
200,000 |
||||
|
Rajen Mohanlal Amalean |
200,000 |
||||
|
h. |
Auditors |
: |
Jayasinghe &
Company |
||
|
i. |
Company Secretaries |
: |
S S P Corporate Services |
||
|
k. |
Bankers |
: |
Citibank, Bank
of Ceylon, NDB Bank |
||
History
The Subject Company LANKAPURA APPARELS (PVT) LTD is a Private Limited liability Company incorporated on 17th August 1992 under registration N (PVS) 9528 and then the company was re-registered on 09th July 2008 under registration number PV 5200.
Location.
The subject company is located at # 111, Pallidora Road, Dehiwala, Sri Lanka.
Operational Details.
General
The subject company primary line of business is Manufacturers & Exporters of all kinds of
Garments.
Products
Ladies Pants, Trousers, Frocks, Women's or girls' suits, ensembles, jackets, blazers, dresses,
Skirts, breeches and shorts,
Country
UK, U.S.A, Germany, China, Taiwan, India
Employees
Approximately 881
|
Name |
Wickram
Mohanlal Amalean |
|
ID Number |
551172384 V |
|
Nationality |
Sri Lankan |
|
Gender |
Male |
|
Date Of Birth |
26th April 1955 |
|
Age |
57 Years |
|
Name |
Rajen Mohanlal Amalean |
|
ID Number |
641462853 V |
|
Nationality |
Sri Lankan |
|
Gender |
Male |
|
Date Of Birth |
25th May 1964 |
|
Age |
48 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.
|
Name |
Mr. Asoka |
|
Designation |
Account Manager |
|
Mobile |
(009411) 2730516 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.07 |
|
|
1 |
Rs.88.95 |
|
Euro |
1 |
Rs.71.40 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
|
Calling |
JML |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.