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Report Date : |
05.05.2012 |
IDENTIFICATION DETAILS
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Name : |
ICON IMPEX |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14.12.2009 |
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Com. Reg. No.: |
A 86301 |
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Legal Form : |
Proprietorship Company (In Operation) |
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Line of Business : |
Importers and Suppliers of Sugar and All kinds Of food items |
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No. of Employees : |
Approximately 10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – 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 |
|
Name of Subject of Inquiry |
: |
ICON IMPEX |
|
Legal Form & Status |
: |
Proprietorship Company (In Operation) |
|
Managing
Proprietor |
: |
Atthappan Gobiraj |
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Primary Line of Business |
: |
Importers and
Suppliers of Sugar and All kinds Of food items |
|
Head Office & Place of
Business |
: |
#
136/F, Dam Street, Colombo
-12. Sri
Lanka Tel.
No: (00 94 11) 243 1802-3 Fax No: (00 94 11) 243 1809 Mobil No: (00 94 77) 744 4276 (Mr.
Gobiraj- Proprietor) E- Mail: Iconimpexsugar@gmail.com Location: owned |
|
No. of Employees |
: |
Approximately 10 |
|
Customers |
: |
End
Users |
|
Registration No |
: |
A 86301 |
||
|
Date of
Registration |
: |
14th December
2009 |
||
|
Registered
Address |
: |
#
702/16, Aluth Mawatha Road, Colombo-15 |
||
|
Proprietor |
: |
Atthappan Gobiraj |
Proprietor |
|
Secretaries
|
:
|
Not Applicable |
||
|
Auditors |
: |
-Not Appointed
as yet |
||
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Bankers |
: |
Pan Asia Bank |
||
Name
: Mr. Machs Waran
Designation :
Accounts Manager
Contact :
094-11-2431802
Date :
04.05.2012
- Most
recent available Financial Information
THE
COMPANY HAS COMMENCES BUSINESS IN APRIL 2010.
FINANCIAL STATEEMENT
NOT YET
READY
·
History.
The Subject Company ICON IMPEX is a Proprietorship Company
incorporated on 14th December
2009 under registration number A
86301.
·
Location.
The Subject Company is located
at # 136/F, Dam Street, Colombo 12,
which is a highly commercial area in the city.
The client
given address #702/16, Aluth Mawatha
Road, Colombo-15 is the registered & Residential Address of the
Proprietor Mr. Gobiraj.
.
·
Operations
Details.
General
The subject
company’s primary line of business is Import
and distribution of Sugar and food items.
Products
Sugar and all
other food items such as lentils, onions, etc.
Importer Country
India, China,
Brazil
Employees
Approximately 10
Trading Terms
Purchasing : Cash,
Credit
Selling : Cash, Credit
·
Financial Data
The Proprietor
said that the business of the company has been commenced in April 2010 and as
such the financial statements are not yet completed.
·
General Comments
The proprietor of the Company, Mr. Gobiraj, when contacted, was very
co-operative in providing details of the company to prepare this report.
·
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.53.72 |
|
|
1 |
Rs.86.98 |
|
Euro |
1 |
Rs.70.64 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.