MIRA INFORM REPORT
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Report Date : |
24.03.2012 |
IDENTIFICATION DETAILS
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Name : |
THUSA |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
13.07.2010 |
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Com. Reg. No.: |
WA 80970 |
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Legal Form : |
Partnership Concern |
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Line of Business : |
Importers & Distributors Food Items |
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No. of Employees
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05 persons (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 : |
Small Concern |
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Payment
Behaviour : |
No Complaints |
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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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Sri Lanka |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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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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Name of Subject of Inquiry |
: |
THUSA
ENTERPRISE
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Legal Form & Status |
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Partnership
Concern (In Operation) |
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Managing Partner |
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Murugesu |
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Primary Line of Business |
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Importers & Distributors Food Items |
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Branch Office & Place of Business |
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# 143, Maliban Street, Colombo- 11 Sri Lanka. Tel. No: (00 94 11) 464 1507 Email:
mkgtcl2@gmail.com Mobile :
(00 94 77) 891 6959 ( Mr. Murugesu) (00 94 77) 341 1471 ( Mr.
Vijaykanth) |
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No. of
Employees |
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Approximately 05 |
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Registration No |
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WA 80970 |
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Date of
Registration |
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13th July, 2010 |
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Registered
Address |
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# 128, Central Road, Colombo- 11. Sri
Lanka. Location : Owned |
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Partners |
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Murugesu |
Managing Partner |
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Vijaykanth |
Partner |
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Auditors |
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Velu & Co. |
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Bankers |
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·
Hatton
National Bank PLC · Habib Bank Limited |
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Exporters of |
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Products : Food Items Country : Maldives |
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Importers of |
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Products : Food Items Country: India, Pakistan, Dubai, Malaysia, China |
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Trading terms |
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Purchasing Terms: Cash, Credit Selling Terms : Cash, Credit |
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Types of
Customers |
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Retailers |
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Information Parted By:
Name : Mr. Vijaykanth
Designation : Partner
Mobile No. : (00 94 77) 34 11 471
Date : 09.12.2011
·
History:
The subject
concern , THUSA ENTERPRISE is a Partnership Concern in operation.
The concern has been registered on 13th July,
2010 under Registration No. WA
80970.
·
Location.
The Subject Concern is presently
located at # 143, Maliban Street, Colombo-11, Sri
Lanka, which is a highly commercial area where wholesale/retail
Merchants are
operating.
We were told that
they were earlier operating at the client given address, #128,
Central
Road, Colombo 11, which is also the registered address and has
shifted to the new location to
improve business.
·
Operational Details.
General
The subject concern ’s
primary line of business is Import & distribution of all kids of Food
Items.
Products
Potatoes, Onions, Lentils, Sugar, Garlic,
Flour etc.
·
Import
& Countries
India, Pakistan,
Dubai, Malaysia
No of Employees
Approximately 05
Financial Data
(Amt. In LKR Millions)
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Particulars
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31.03.2011 |
31.03.2010 |
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Sales Turnover |
20.000 |
16.000 |
Capital Structure
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Capital Investment : |
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Owned : |
Rs. 10.000 LKR millions |
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Borrowed : |
-- |
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Total : |
Rs. 10.000 LKR millions |
·
Trade
references
The subject concern
declined to provide any trade references
·
Credit
Recommendations
Since no financial
information has been forthcoming from the concern , it is not possible to
comment on the merits or otherwise of the concern .
No computerised data bases exist to make checks whether the partners or
the concern 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.91 |
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UK Pound |
1 |
Rs.80.77 |
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Euro |
1 |
Rs.67.40 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.