|
Report Date : |
26.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SARA TRADING COMPANY |
|
|
|
|
Registered Office : |
#
98/ 1 L, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
22.05.2006 |
|
|
|
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Com. Reg. No.: |
PP 5079 |
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|
|
|
Legal Form : |
Partnership Concern |
|
|
|
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Line of Business : |
Buyer , Dealer and Exporter of Natural Rubber Sheets & Copra |
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No. of Employees : |
Approximately 10 |
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 |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
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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 |
: |
SARA
TRADING COMPANY |
|
Legal Form & Status |
: |
Partnership Concern
( In Operation ) |
|
Managing Partner |
: |
S. I. M. M. Sirraj |
|
Primary Line of Business |
: |
Buyer
, Dealer and Exporter of Natural
Rubber Sheets & Copra |
|
Office,
Stores & Place of Business |
: |
#
98/ 1 L Avissavella Road, Mahabuthgamuwa, Mulleriyawa New Town (Angoda) Sri Lanka. Tel.: (00 94 11) 256 9288 , 2549025, 314 1700
Fax: (00 94 11) 256 9288 Mobile:(00
94 77) 751 0114 - Mr. Sirraj
E.
mail : sirraj@eureka.lk |
|
No of Employees |
: |
Approximately 10
|
|
Registration No |
: |
PP 5079 |
|
Date of Registration |
: |
22nd
May 2006 |
|
Registered
Office |
|
# 98/ 1 L, Avissavella Road,
Mahabuthgamuwa, Angoda. Sri lanka |
|
Partner |
: |
Mr. S. I. M. M.
Sirraj |
|
Mrs. Sirraj |
||
|
Auditors |
: |
Amarasekera
& Company |
|
Bankers |
: |
-Not Disclosed- |
·
History.
The Subject Concern SARA
TRADING COMPANY is a
Partnership Concern incorporated under registration number PP
5079 on 22nd May 2006.
The Proprietorship/Partnership companies are
being registered at the Provincial
Registrar of Companies.
·
Location.
The client given address 98/1L,
Avissavella Road, Mahabuthgamuwa, Mulleriyawa New Town ( Angoda) approx. 15
kilo meters from Colombo city, is the Office and Stores of the subject concern .
·
Operational
Details.
General
The subject concern ’s
primary line of business is buying,
selling and exporting of Natural Rubber Sheets and Copra. The rubber sheets
are also sold to local rubber product manufactures.
Products
Natural Rubber
Sheets and Copra
Country
Pakistan and India
Employees
Approximately
10
·
Financial Data
The concern refused to provide information on its
finances.
Further,
In Sri Lanka, Private limited liability/partnership/proprietorship
Companies
Do not publish their Accounts for Public use other than the Shareholders
·
Trade references
The subject
concern did not provide any trade
reference referrals
·
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.73 |
|
UK Pound |
1 |
Rs.87.26 |
|
Euro |
1 |
Rs.69.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.