|
Report Date : |
26.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHAN IMPORT EXPORT COMPANY |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
Not Available |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
|
Line of Business : |
Importers, Distributors & Commission Agent |
|
|
|
|
No. of Employees : |
Not Available |
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) |
|
|
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 |
: |
SHAN
IMPORT EXPORT COMPANY
|
|
Legal Form & Status |
: |
Proprietorship (In Operation) |
|
Proprietor |
: |
Shanmugadas
Devananda |
|
Primary Line of Business |
: |
Importers,
Distributors & Commission Agent |
|
Place of Business |
: |
# UG – 15, Ground Floor, E
mail: sdeva09@yahoo.com |
|
No. of
Employees |
: |
Not
Disclosed |
|
Registration No |
|
: |
Not Disclosed |
|
Date of Registration |
|
: |
Not Disclosed |
|
Registered Office |
|
: |
# 20, Hampdon Lane, Colombo 06, Sri Lanka. |
|
Proprietor |
|
: |
Shanmugadas Devananda |
|
Auditors |
|
: |
Not Disclosed |
|
Bankers |
|
: |
Not Disclosed |
·
History.
The Subject Concern SHAN
IMPORT EXPORT COMPANY is a Proprietorship 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 Concern is
located at the client given address # UG
15, Peoples Park
Complex, Gas work Street,
Colombo – 11, Sri Lanka.
Operational
Details.
General
The subject
company’s primary line of business is Importers,
Distributors & Commission Agent.
Products
Garlic
and food items and commission agent
Country
India
No of Employees
Not Disclosed
·
Financial Data
The concern has
declined to provide information on its finances
In Sri Lanka, Private Companies
do not publish their Concern Accounts for public
Knowledge, other than their shareholders.
·
General Comments
When we contacted proprietor Mr.
Shanmugadas Devananda of
the subject concern refused to provide
any information such as operational & financial Information of the
company. He also stated that there are so many Suppliers and therefore, if they
need any information they can contact him directly and no Information could be
provided without knowing who the end user.
·
Trade references
The subject
concern did not provide any trade references
·
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 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.