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Report Date : |
17.03.2012 |
IDENTIFICATION DETAILS
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Name : |
KAVICO TRADERS |
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Registered Office : |
# 189, Keyzer Street, Colombo 11 |
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Country : |
Sri Lanka |
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Date of Incorporation : |
11.12.1986 |
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Com. Reg. No.: |
W 26810 |
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Legal Form : |
Partnership Company (In Operation) |
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Line of Business : |
Importers, Whole sale Dealers & Distributors of Food Items & Commission Agents |
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No. of Employees : |
8 Approximately |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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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 – 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 |
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Moderate |
B1 |
|
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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a. |
Name of Subject of Inquiry |
: |
KAVICO
TRADERS |
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b. |
Legal Form & Status |
: |
Partnership Company (In Operation) |
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c. |
Managing Partner |
: |
R. Masheswaran |
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d. |
Primary Line of Business |
: |
Importers ,
Whole sale Dealers & Distributors of Food Items & Commission Agents |
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e. |
Office & Place of Business |
: |
# 189 Keyzer Street, Colombo 11. Sri Lanka
Tel
No: (00 94 11) 233 1620 Mob.
No: (00 94 77) 748 5166 |
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f. |
No. of Employees |
: |
Approx.
08 |
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a. |
Registration No |
: |
W 26810 |
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b. |
Date of Registration |
: |
11th December. 1986 |
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c. |
Registered Office |
: |
# 189, Keyzer Street, Colombo 11. Sri Lanka |
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d. |
Partners |
: |
R.
Maheshwaran |
Managing Partner |
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Karupaiah
Kanapathy |
Partner |
|||
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e. |
Auditors |
: |
Manohara
& Sangakkara |
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f. |
Company Secretaries |
: |
Not applicable |
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g. |
Bankers |
: |
Bank
of Ceylon, HSBC Bank, Hatton National Bank |
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- Most recent available Financial
Information
THE
COMPANY HAS DECLINED TO PROVIDE INFORMATION ON ITS FINANCES
HISTORY:
The Subject Company KAVICO TRADERS is a Partnership Company registered on 11th December,
1986 under registration no. W 26810 and is in operation as an
importing & trading organisation.
Location:
The subject company is located at the client
given address # 189.Keyzer Street,
Colombo 11. Sri Lanka, the premier business area in Colombo city.
.
OPERATIONAL
DETAILS:
General:
The subject company’ primary line of business is
Importing and distribution of food items for domestic use and servicing as a
Commission Agent.
Products
All kind of food items such as: Potatoes, Onions, Garlic, Chillies, Green
Gram etc
Importing Countries
India, China, Pakistan, Australia
Employees
Approx. 08 employees.
Financial Data:
The Company has declined to
provide information on its Finances.
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 promoters 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.50.31 |
|
|
1 |
Rs.79.04 |
|
Euro |
1 |
Rs.65.82 |
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 |
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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 |
|
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.