MIRA INFORM REPORT

 

 

Report Date :

20.03.2012

 

IDENTIFICATION DETAILS

 

Name :

RYC COLOR  (PVT) LTD

 

 

Registered Office :

# 78 / 6, Rosmead Place,  Colombo 07

 

 

Country :

Sri Lanka 

 

 

Date of Incorporation :

01.10.2003

 

 

Com. Reg. No.:

N (PVS) 35279

 

 

Legal Form :

Private Limited Liability Company (In Operation)

 

 

Line of Business :

Import and Manufacture, Trading Pigment Powders, Textile Printing Auxiliarias, Pigment Powders and Supplier of Ink Point.

 

 

No. of Employees :

30 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

:

RYC COLOR  (PVT) LTD

Legal Form  & Status

 

:

 

Private Limited Liability Company (In Operation)

Chairman

:

Thomas Rager James

Primary Line of Business

:

Import and Manufacture, Trading Pigment Powders, Textile Printing Auxiliarias, Pigment Powders and Supplier of Ink Point.

Head Office

&

Place of Business

 

 

 

 

Factory 1

 

 

 

 

Factory 2

:

 

 

 

 

:

 

# 78 / 6, Rosmead Place,

 Colombo 07

 

  Tel. N o: (00 94 11)  267 6627, 471 0971, 471 7667

  Fax No : (00 94 11)   267 6627

 

 

#78 /9 Andadola,

 Road ,

Wattareka Padukka

 

 

Homogama, Colombo, Sri Lanka

 

No. of Employees

:

30 Approximately

 

 

COMPANY DETAILS

- Registration and Shareholder Details

 

Registration No

:

N (PVS) 35279

Date of Registration

:

01st October 2003

Re-registration No

 

PV 18367

Date of Re-registration

 

04th May 2010

Registered Office

:

# 78 /6, Rosmead Place, Colombo 07.

Board of Directors

As At

10th August 2010

:

Thomas Roger James

 Managing Director

I. G.N.T.Chandani Hiranthi

  Director

Issued Share Capital

:

LKR. 40.00

Nominal Value of Share

:

LKR.  20.00

Share Holders

As At

10th August 2010

:

 Share Holders

No Of Shares

Held

Thomas Roger James

01

I. G.N.T.Chandani Hiranthi

           01

Auditors

:

De Zoyasa

Company Secretaries

 

De Soysa Murukkuwadura

Bankers

 

Hatton National Bank, Cinnamon Garden Branc

Customers

:

Wholesaler

Retailers

Unilever Sri Lanka

Supplier

:

Space International

 

 

 

 

 

 

FINANCIAL DETAILS

- Most recent available Financial Information

 

     THE COMPANY HAS DECLINED TO PROVIDE ANY FINANCIAL INFORMATION

 

 

Information parted by

(GENERAL INFORMATION)

 

Name: Mr. Thomas

Designation: Chairman

Contact: 0094-11-2676627

Date: 19.03.2012

 

                                                                                   

CURRENT INVESTIGATION

                                                            

·         History.

 

                  The Subject Company RYC COLOR (PVT) LTD is a Private    Limited   Liability Company incorporated on 01st October 2003 under registration number N (PVS) 35279, and then the company was re-registered on 04th May 2010 under registration number PV 18367

 

·         Location.

 

                  The Subject Company is located at the client given address # 78/6, Rosmead Place,      

                  Colombo factory address is #78 /9 Andadola Road Wattareka Padukka

                  

 

·         Operational Details.

 

General

                  The subject company primary line of business is Import and Manufacture, Trading Pigment Powdwes, Textile Printing Auxiliarias, Pigment Powdfers

 

Products

                 Trading Pigment Powders, Textile Printing Auxiliarias, Pigment Powders

                 

                  Importers

                 Raw Material – India                                     

    

                  Trading Terms

                  Purchasing Terms : L/C, Cash, Credit

                 Selling Terms : L/C, Cash, Credit

 

No of Employees

                  30 Approximately

 

Director’s Details

 

01)

Name

Thomas Roger James

ID Number

60043188 V

Nationality

Sri Lankan

Gender

Male

Date of Birth

12th Febuary  1960

Age

52 Years

 

02)

Name

I. G.N.T.Chandani Hiranthi

ID Number

6081490069 V

Nationality

Sri Lankan

Gender

Female 

Date of Birth

09th November 1960

Age

52 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.50.12

UK Pound

1

Rs.79.37

Euro

1

Rs.66.00

 

 

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.