MIRA INFORM REPORT

 

 

Report Date :

19.05.2012

 

IDENTIFICATION DETAILS

 

Name :

K K KRISHNA PILLAI & CO

 

 

Registered Office :

# 171, 4th Cross Street, Colombo 11

 

 

Country :

Sri Lanka

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

1969

 

 

Legal Form :

Partnership

 

 

Line of Business :

Importers , Dealers & Distributors of  Food Stuff

 

 

No. of Employees :

15

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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

 

a.

Name of Subject of Inquiry

:

K K KRISHNA PILLAI & CO

b.

Legal Form  & Status

:

Partnership Company  (In Operation)

c.

Managing Partner

:

Mylvaganam

d.

Primary Line of Business

:

Importers , Dealers & Distributors of  Food Stuff

e.

Office & Place of Business

 

:

 

# 171, 4th Cross Street,

Colombo 11,

Sri Lanka

            

Tel No:(00 94 11) 243 8558

Fax No:(00 94 11) 232 9325

 

Stores

 

 

# 30, Rawatha Lane,

Mattakkuliya,

Colombo 15.

 

Tel. No: (00 94 11) 254 6904

Email srm_gopi@yahoo.com

f.

No. of Employees

:

15

 

 

COMPANY DETAILS  - Registration and Shareholder Details

 

a.

Registration No

:

Not disclosed

b.

Date of Registration

:

1969

c.

Registered Office

:

# 171, 4th Cross Street, Colombo 11, Sri Lanka.

d.

 

Partners

 

:

S. R. Mylvaganam

Managing Partner 

M. Sarogini Devi

Partner

M. Gopinath

Partner

M. Krishna Pillai

Partner

e.

Auditors

:

Essajee & Company

f.

Company Secretaries

:

Not applicable

g.

Bankers

:

Bank of Ceylon  

h.

Customer

 

 

 U. N. S

i.

Supplier

 

Eastern Trade International

 

 

CURRENT INVESTIGATION

 

  HISTORY:

 

 The Subject Company K K KRISHNA PILLAI & CO is a Partnership company.

 

  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 # 171, 4th Cross Street, Colombo 11, 

 Sri Lanka. A premier Food Stuff business area in the Capital Colombo city.

 

 

OPERATIONAL DETAILS

 

 General

 The subject company’ primary line of business is Importers, Dealers & Distributors of Food Stuff.

 

  Products

  Potatoes, Onions, Dhal….etc

      

Importing Countries

India

 

 

Financial Data

 

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.

 

 

Information parting from

 

Name

 

Mr. M. Gopinath

Designation

 

Partner

Mobile No

 

(00-94-11) 2438558

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.87

UK Pound

1

Rs.86.46

Euro

1

Rs.69.48

 

 

INFORMATION DETAILS

 

Calling

PJA

Report Prepared by :

PDT

 

 

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.