MIRA INFORM REPORT

Report Date :

29.03.2012

IDENTIFICATION DETAILS

Name :	PALLIGODA TRADING COMPANY (PVT) LTD
Registered Office :	# 57, Old Moor Street, Colombo 12
Country :	Sri Lanka
Date of Incorporation :	14.01.2011
Com. Reg. No.:	PV 76569
Legal Form :	Private Limited Liability Company
Line of Business :	Imports & Distributor of Seeds
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New company
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^th, 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	:	PALLIGODA TRADING COMPANY (PVT) LTD
Legal Form & Status	:	Private Limited Liability Company (In Operation)
Managing Director	:	Kingsley Palligoda Withana
Primary Line of Business	:	Imports & Distributor of Seeds
Head office & Place of Business	:	# 57, Old Moor Street, Colombo 12, Sri Lanka. Tel. No: (00 94 11) 233 4209 Fax No: (00 94 11) 233 4209
No. of Employees	:	Not Disclosed

COMPANY DETAILS- Registration and Shareholder Details

Registration No	:	PV 76569
Date of Registration		14^th January 2011
Registered Office	:	# 57, Old Moor Street,Colombo 12
Board of Directors As at 14^th January 2011	:	Kingsley Palligoda Withana	Managing Director
		Densley Palligoda Withana	Director
		D.H. Upeksha Eashwary	Director
Issued Share Capital	:	Rs. 1,000.00
Nominal Value of Share	:	Rs. 10.00
Share Holders As at 14^th January 2011	:	Share Holders		No. of Shares
		Kingsley Palligoda Withana		55
		Densley Palligoda Withana		35
		D.H. Upeksha Eashwary		10
Auditors	:	Not Disclosed
Company Secretaries	:	W.A. Priyantha Kumara
Bankers	:	Not Disclosed

CURRENT INVESTIGATION

· History

The Subject Company PALLIGODA TRADING COMPANY (PVT) LTD is a Private Limited liability Company incorporated on 14^th January 2011 under registration number PV 76569

· Location.

The subject company is located at client given address # 57, Old Moor Street, Colombo 12

· Operational Details.

General

The subject company primary line of business is Imports & Distributor of Seeds

Products

Seeds

Employees

Not Disclosed

· Directors Details

01)

Name	Kingsley Palligoda Withana
ID Number	661171430 V
Nationality	Sri Lankan
Gender	Male
Date Of Birth	26th April 1966
Age	45 Years

02)

Name	Densley Palligoda Withana
ID Number	671100816 V
Nationality	Sri Lankan
Gender	Male
Date Of Birth	19^th April 1967
Age	44 Years

03)

Name	D.H. Upeksha Eashwary
ID Number	766990754 V
Nationality	Sri Lankan
Gender	Female
Date Of Birth	17^th July 1976
Age	35 Years

· Financial Data

The company has declined to provide information on its finances

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 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.50.92
UK Pound	1	Rs.81.21
Euro	1	Rs.67.85

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%)

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