MIRA
INFORM REPORT
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Report Date : |
02.05.2012 |
IDENTIFICATION DETAILS
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Name : |
TECHNO ENTERPRISES |
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Registered Office : |
# 304A, |
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Country : |
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Date of Incorporation : |
25.02.1982 |
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Com. Reg. No.: |
W 9327 |
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Legal Form : |
Partnership Concern |
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Line of Business : |
Importers & dealers of Papers & Boards and Stationery |
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No. of Employees : |
Approximately 40 |
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 : |
Slow |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
GENERAL-Basic information at a
glance
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Name of Subject of Inquiry |
: |
TECHNO
ENTERPRISES |
|
Legal Form
& Status |
: |
Partnership Concern (In Operation) |
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Managing Partner |
: |
Imran
Kamrudeen |
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Primary Line of Business |
: |
Importers &
dealers of Papers & Boards and Stationery |
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Office & Place of Business |
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# 304A, Sea Street, Colombo
11. Sri
Lanka Tel.
No: (00 94 11) 232 3057 , 233 8692, 243 5073, 471 3879 Fax
No: (00 94 11) 233 2762 E-Mail
: techno@bestgrouplk.com |
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Branch |
: |
#
21, Papiliyana Road, Nugegoda, Sri
Lanka. Tel.
No: (00 94 11) 282 6665 / 282 6661 Fax.
No: (00 94 11) 4377631 / 437 7633 |
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No. of Employees |
: |
Approx.
40 |
CONCERN DETAILS-Registration and
Shareholder Details
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Registration No |
: |
W
9327 |
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Date of
Registration |
: |
25th
February, 1982 |
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Registered
Office |
: |
#
304A, Sea Street, Colombo 11. Sri
Lanka |
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Partners |
: |
Imran
Kamrudeen |
Managing Partner |
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Muneer
Imran |
Partner |
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Auditors |
: |
Not Disclosed |
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Concern Secretaries |
: |
Not
applicable |
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Bankers |
: |
Muslim
Commercial Bank |
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CURRENT INVESTIGATION
Concern Logo
HISTORY
The
Subject Concern TECHNO ENTERPRISES is Partnership Concern , in operation.
Location
The office and the business place of the
subject concern is located at the client
given address # 304A, Sea Street,
Colombo 11. Sri Lanka, a highly
commercial area in the city of Colombo.
OPERATIONAL
DETAILS:
General:
The subject concern ’s, primary line of
business is Importing & distribution of Papers and Boards. For the
Domestic Market. They claim to have over 25 years experience in paper trade
In keeping the printing industry supplied with best papers and boards.
Products:
Art Paper & Art Board [Gloss &
Matt], Offset Paper, Poster Paper, Box Board [Grey Back & White Back], News
Print Paper, Sticker Paper in Gloss, Matt & Luminous, lvory Board, Linen
Paper, Duplicating Paper, Photo Copy Paper, NCR Paper, Colour & White
Bristol Board, Chip Board, etc
Importing
Countries:
Indonesia, Brazil
Employees:
The employee strength of the subject concern
is approximately
40 employees.
Financial Data
The Concern has declined to provide information on its
Finances.
Trade
References
The subject concern claims that they are an approved dealer for
National Paper Concern
Limited.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.68 |
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UK Pound |
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.