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Report Date : |
28.03.2012 |
IDENTIFICATION DETAILS
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Name : |
AMRO SUGARS |
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Registered Office : |
# 187, 05th Cross Street, Colombo 11 |
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Country : |
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Date of Incorporation : |
28.12.2007 |
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Com. Reg. No.: |
WA 76553 |
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Legal Form : |
Partnership Company (In Operation) |
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Line of Business : |
Importers, Export and Suppliers of Food Items like Sugar, Chilli etc. |
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No. of Employees : |
Approximately 20 |
RATING & COMMENTS
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MIRAs 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 |
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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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a. |
Name of Subject of Inquiry |
: |
AMRO SUGARS |
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b. |
Legal Form & Status |
: |
Partnership Company (In Operation) |
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c. |
Managing Partner |
: |
Perumal Sivarajah |
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d. |
Primary Line of Business |
: |
Importers,
Export and Suppliers of Food Items like Sugar, Chilli etc. |
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e. |
Head Office & Place of
Business |
: |
#
187, 05th Cross Street, Colombo
11, Sri
Lanka. Tel.
No: (00 94 11) 242 4063 / 471 4019 Fax No: (00 94 11) 242 4062 E-mail: citycmb@wow.lk
Location: Owned |
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f. |
No. of Employees |
: |
Approximately 20 |
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a. |
Registration No |
: |
WA 76553 |
||
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b. |
Date of
Registration |
: |
28th December
2007 |
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c. |
Registered
Office |
: |
#
187/2, 05th Cross Street, Colombo 11 |
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d. |
Partners |
: |
Perumal Sivarajah |
Managing Partner |
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Ammei Ajith Vasudevan |
Partner |
||||
e.
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Secretaries
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:
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-Not Disclosed- |
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f. |
Auditors |
: |
-Not Disclosed- |
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g. |
Bankers |
: |
·
Commercial Bank Ltd ·
Sampath Bank, Colombo Branch |
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- Most recent available Financial Information
THE
COMPANY HAS DECLINED TO PROVIDE INFORMATION ON ITS FINANCES
(GENERAL DETAILS)
Name
: Mr. Nimal
Designation:
Import Manager
Contact:
009411 2424063
Date:
26.03.2012
·
History.
The Subject Company AMRO SUGARS is a Partnership Company
incorporated on 28th December 2007 under registration number WA 76553
·
Location.
The Subject Company is located
at the client given address # 187, 05th
Cross Street,
Colombo 11, Sri Lanka.
.
·
Operations
Details.
General
The subject
company primary line of business is Importers,
export and Suppliers of food items like Sugar, Chilli etc.
Products
Sugar, Spices,
Canned Foods, Packet Foods
Export Country
India, China,
Australia, Brazil
Employees
Approximately 20
Trading Terms
Purchasing : L/C,
Cash, credit (30-60 Days)
Selling : Cash,
Credit (30-60 Days)
Customers
Wholesaler,
Retailers, End User
·
Financial Data
The company has
declined to provide information on its finances
Further, In Sri Lanka, Private limited
liability/partnership/proprietorship Companies
Do not publish their Accounts for Public use other than the Shareholders
·
General Comments
The subject
company when contacted refuse to provide any information to prepare this report
and declined to disclose any operational or financial information, However all
information received is from non-formal sources but clearly originating from
the company.
·
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.91 |
|
|
1 |
Rs.81.27 |
|
Euro |
1 |
Rs.67.98 |
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 |
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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 SCs 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.