MIRA INFORM REPORT

 

 

Report Date :

06.03.2012

 

IDENTIFICATION DETAILS

 

Name :

INDRA TRADERS  (PVT) LTD

 

 

Registered Office :

#175 Katugastota  Road Kandy

 

 

Country :

Sri Lanka.

 

 

Date of Incorporation :

18.04.1986

 

 

Com. Reg. No.:

N (PVS) 2561

 

 

Legal Form :

Private Limited Liability Company  (In Operation)

 

 

Line of Business :

Importers & Retailers of Motor Vehicles.

 

 

No. of Employees :

550 Approximately

 

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

:

INDRA TRADERS  (PVT) LTD

Legal Form  & Status

 

:

 

Private Limited Liability Company  (In Operation)

 

Managing Director

 

:

Indra Kumara Silva

 

Primary Line of Business

:

Importers & Retailers of Motor Vehicles.

Place of Business

:

 

#175 Katugastota  Road

Kandy,

Sri Lanka. 

                                                                

  Tel   (00 94 81)  223 4471

 Fax   (00 94 81)  222 5794

 

Email: indrar@sltnet.lk

 

Location: Owned

 

Branch Office   

:

 

#131, W.A.D. Ramanayake Mawatha,

Colombo 02

 

  Tel   (00 94 11) 234 1332/6

Fax   (00 94 11) 234 1331

 

Number of Employees

:

550 Approximately

           

        


COMPANY DETAILS 

- Registration and Shareholder Details

 

Registration No

:

N (PVS) 2561

Date of Registration

:

18th April 1986

Re-registration No

 

PV 2349

Date of Re-registration

 

11th February 2008

Registered Office

:

175 Katugastota  Road , Kandy  , Sri Lanka

Board of Directors

As At

         14th May 2011

:

Indra Kumara Silva           

Managing Director

Upali Tilleveratne               

Director

Athula Kumara Silva        

Director

 Y.S.H.R.S.Silva 

Director

Issued Share Capital

:

LKR. 400,000.00

Nominal Value of Share

:

 

LKR.  10.00

 

    Share Holders

                    As At

              14th May 2011

:

                                     Share Holders

No. of Shares

Indra Kumara Silva

          39,499

 Athula Kumara Silva

                  01

 Rushanka Silva 

                199

 Chathree  Silva

                100

 Dineshini Silva 

                100

 Dulani Silva

                100

Upali Tilleveratne                

                  01

Mr.  Upali  Tilekeratne

                  01

Auditors

:

Ernst & Young                      

Company Secretaries

:

Janaka chandima Wijetunge

Bank

:

 

Commercial Bank, Kandy Branch

Sampath Bank

 

Customers

:

 

Retailers

Individual

 

 

 

FINANCIAL DETAILS

- Most recent available Financial Information

 

    THE COMPANY HAS DECLINED TO PROVIDE ANY FINANCIAL INFORMATION

 

                                                                                                                                                                      

Information parted by

(General Information)

 

Name                           : Mr. Asankar

Designation                 : Accounts Manager

Date                             : 05.03.2012

Contact                        : 00 94 81 – 2234346

 

 

Summary

 

·         History.

 

                  The Subject Company INDRA TRADERS (PVT) LTD is a Private    Limited   Liability Company incorporated on   18th April 1986 under registration number N (PVS) 2561, and then the company was re-registered on 11th February 2008 under registration number PV 2349.

 

                   The subject company INDRA TRADERS (PVT) LTD is a Group of company consists of the     

                    following companies

 

                                                          * Indra Finance Ltd

                                                          * Indra Property development (pvt) Ltd

                                                          * Indra Fleet management services (pvt) Ltd

                                                          * Indra Motor Spares (pvt) Ltd

 

 

·         Location.

 

                  The Subject Company is located at the client given address # 175, Katugastota Road, Kandy

                 

·         Operational Details.

 

General

                  The subject company primary line of business is Importers & Retailers of Motor Vehicles.

 

Products

Motor vehicles

                  colombo14   colombo5     colombo18

 

 

Export Country

                   India, South East Asia, U.S.A.,

              

                  Trading Terms

                                                                                             Purchasing: L/C, Cash, Credit

                  Selling: Cash, Credit (30 Days)

 

No of Employees

                  550 Approximately

 

 

Director’s Details

 

01)

Name

Indra Kumara Silva           

ID Number

551432807 V

Nationality

Sri Lankan

Gender

Male

Date of Birth

22nd May 1955

Age

57 Years

 

02)

Name

Upali Tilleveratne               

ID Number

432581730 V

Nationality

Sri Lankan

Gender

Female

Date of Birth

 14th September 1943

Age

69 Years

 

03)

Name

Athula Kumara Silva        

ID Number

600804286 V

Nationality

Sri Lankan

Gender

Male

Date of Birth

 20th March 1960

Age

52 Years

 

04)

Name

Y.S.H.R.S.Silva 

ID Number

772330383 V

Nationality

Sri Lankan

Gender

Male

Date of Birth

 20th September 1977

Age

35 Years

 

 

·         Financial Data

 

                  The company has declined to provide any financial information           

 

      Financial Information of private limited liability/partnership/ proprietorship       

      Companies are not made available for public use. 

 

 

·         Trade references

 

                  The subject company did not provide any trade references

 

 

·         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.49.79

UK Pound

1

Rs.78.79

Euro

1

Rs.65.74

 

 

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.