|
Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
MONARA INTERTRADE |
|
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Registered Office : |
UG 180, 1/35, |
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|
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Country : |
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|
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Date of Incorporation : |
June 2011 |
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Legal Form : |
Proprietorship Company (In Operation) |
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Line of Business : |
Importers, Dealers & Distributors of Food items like Cloves, Onions, Potatoes, Dates etc. |
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No. of Employees : |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
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Status : |
New Company |
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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 |
: |
MONARA
INTERTRADE |
|
Legal Form & Status |
: |
Proprietorship Company (In Operation) |
|
Managing Partner |
: |
S. Balaramesh |
|
Primary Line of Business |
: |
Importers ,
Dealers & Distributors of Food
items like Cloves, Onions, Potatoes, Dates etc. |
|
Office & Place of Business |
: |
UG 180, 1/35, Peoples Park Complex, Gas Work Sheet, Colombo -11, Sri Lanka
Tel
No: (00 94 11) 243 8277 / 243 6962 / 233 2955 Fax.
No: (00 94 11) 239 2819 / 244 5659 E-mail:
globalax@global.lk Web
Site: www.global.lk Location:
owned |
|
No. of Employees |
: |
Not
Disclosed |
|
Registration No |
: |
Not disclosed |
|
Date of Registration |
: |
June 2011 |
|
Registered Office |
: |
UG 180, 1/35, Peoples Park Complex, Gas Work
Sheet, Colombo -11, Sri Lanka. |
|
Proprietor |
: |
S. Balaramesh |
|
Auditors |
: |
Not
Disclosed |
|
Company Secretaries |
: |
Not applicable |
|
Bankers |
: |
Not
Disclosed |
(GENERAL DETAILS)
Name
: S Balaramesh
Designation : Proprietor
Contact : 00 94 11 - 2438277
Date : 11.05.2012
HISTORY
The Subject
Company MONARA INTERTRADE is
Proprietorship Company in operation.
The Proprietorship/
Partnership companies are being registered at the Provincial Registrar of
Companies and when the owner does not provide the registration details it is
not possible to extract such details from the Registrar’s office.
Location
The subject company is located at the client
given address UG 180, 1/35, Peoples Park
Complex, Gas Work Sheet, Colombo -11, Sri Lanka.
OPERATIONAL
DETAILS:
General
The subject company’ primary line of business is Importers , Dealers & Distributors of Food items like Cloves, Onions, Potatoes,
Dates etc..
Product
Onions, potatoes, Barley, Dates, Lentiles,
Chick Peas, Cloves…….etc
Importing Countries
India, China
Employees
Not Disclosed.
Financial Data:
The Proprietor of the Company has
declined to provide information on its Finances and also operational
details.
In Sri Lanka, Private Limited
Liability/Proprietorship/Partnership Companies do not publish their Accounts
for Public use, other than the Shareholders
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 promoters 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.53.64 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.28 |
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.