MIRA INFORM REPORT

 

 

Report Date :

04.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ENERGIZER LANKA LTD

 

 

Registered Office :

# 25, Alfred Place, Colombo 03

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

01.08.1967

 

 

Com. Reg. No.:

PVS 2557/PBS           

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacture, Import & Distributor of Batteries

 

 

No. of Employees :

300 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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

:

 

ENERGIZER LANKA LTD

 

Legal Form  & Status

:

Public Limited Company

Managing Director

:

P.G. Rabindranath

Primary Line of Business

:

Manufacture, Import & Distributor of Batteries

Head office

&

Place of Business

 

:

 

# 25, Alfred Place,

Colombo 03,

Sri Lanka.

 

Tel. No: (00 94 11) 237 8000 /237 8021

Fax No: (00 94 11) 237 8058

 

Location: Owned

Factory

:

Maξtre, Mawatha, Ekala Sri Lanka

No. of Employees

:

300 Approximately

           

 

NOTE:

Given Address is Old Registered address of the company

 

 

 

 

 

COMPANY DETAILS 

- Registration and Shareholder Details

 

Registration No

:

PVS 2557/PBS           

Date of Registration

 

01st August 1967

Re-registration No

:

 PB 1360

Date of Re-registration

 

20th April 2010

Registered Office

:

# 25, Alfred Place, Colombo 03, Sri Lanka.

Board of Directors

As at

20th April 2010

:

P.G. Rabindranath

Managing Director

M.E. Jeffrey

Director

S.T. William Edward

Director

K.P. Gunaratnam

Director

Kamala Gunaratnam

Director

K.T. Foong

Director

M.A.P. Mala Seneviratne

Director

K. Balasundaram

Director

K.M.M.S. Harshinie Rodrigo

Director

 

 

 

Issued Share Capital

:

LKR.    456,379,380.00              

Nominal Value of Share

:

LKR.                   10.00                    

 

Major Share Holders

As at

20th April 2010

:

Share Holders

No. of

Shares

P.G. Rabindranath

151,200

K G Investments Ltd

1,376,286

M. Sharmini

743,007

S. Srinivasam

33,218

Energizer International

122,448,307

Tambiah Anthony

419,007

Auditors

:

Pricewaterhouse Coopers

Company Secretaries

:

Jacey & Company

Bankers

:

Not Divulged

Customers

:

Wholesalers

 

 

 

FINANCIAL DETAILS

- Most recent available Financial Information

 

THE COMPANY HAS DECLINED TO PROVIDE INFORMATION ON ITS FINANCES

 

 

Information parted by

 

Name :              Ms. Niranchala

Designation:      Accountant

Contact:            94-11-2378000

Date:                04.05.2012

 

 

Current investigation

 

·         History

 

                  The Subject Company ENERGIZER LANKA LTD is a Private    Limited   liability Company incorporated on 01st August 1967 under registration number PVS 2557/PBS and then the company was re-registered on 20th April 2010 under registration number PB 1360.

 

 

 

 

·         Location.

 

The subject company is located at # 25, Alfred Place, Colombo 03, Sri Lanka. Client given address # 106, Dharmapala Mawatha, Colombo 07 is previous business place.

 

·         Operational Details.

 

General

 

            The subject company primary line of business is Manufacture, Import & Distributor of Batteries.

 

            Products

                  Batteries

 

Import Country

India

 

Employees

                  300 Approximately

 

                                                               Trading Terms

                Purchasing : L/C, Cash

                Selling: L/C, Cash

 

·         Financial Data

The company has declined to provide information on its finances

                 

                  Financial details of Private Limited/Proprietorship/Partnership companies are not

                  Made available for the public to view

 

 

·         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.53.23

UK Pound

1

Rs.86.14

Euro

1

Rs.69.98

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

 

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.