MIRA INFORM REPORT

 

 

Report Date :

30.05.2012

 

IDENTIFICATION DETAILS

 

Name :

M H S AHAMED MANSOOR & BROS

 

 

Registered Office :

# 53, Wolfendhal Street, Colombo 13

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

Not Available

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Partnership  Concern

 

 

Line of Business :

Importers & Dealers in Beede Leaves

 

 

No. of Employees :

05 (approximately)

 

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)

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

     

Name of Subject of Inquiry

:

 

M H S AHAMED MANSOOR & BROS

 

Legal Form  & Status

:

Partnership  Concern  (In operation)

Managing Partner

:

Abdul Hassan

Primary Line of Business

:

Importers & Dealers in Beede Leaves.

Head Office

&

Place of Business

 

:

 

# 53, Wolfendhal Street,

Colombo 13,

Sri Lanka.           

 

Tel. No: (00 94 11) 232 8394

Fax No: (00 94 11) 242 3266

 

No. of Employees

:

Approx.5

 

 

 

 

           

 

 

                       


 

COMPANY DETAILS- Registration and Shareholder Details

 

Registration No

:

- Not Disclosed-

Date of Registration

:

- Not Disclosed-

Registered Office

:

- Not Disclosed-

Managing Partner

:

Abdul Hassan

Managing Partner

Secretaries

:

- Not Applicable-

Auditors

:

-Not Disclosed-

Bankers

:

Bank of Ceylon

 

 

CURRENT INVESTIGATION                      

 

·         History.

 

                  The Subject Concern  M H S AHAMED MANSOOR & SONS is a partnership Concern .

 

                  The Proprietorship/Partnership companies are being registered at the Provincial Registrar of Companies and when the owner refuse to provide such details, it is not possible to obtain such details from the registry

 

·         Location.

The subject concern  is located at client given address # 53 Wolfendhal Street, Colombo 13, Sri Lanka.           

 

·         Operations Details.

 

General

                    The subject concern  primary line of business is an Importers & Dealers in Beede Leaves

 

Products

Beede leaves.

 

Import Country

India

 

Employees

                    Approx. 5

 

·         Financial Data

The concern  has declined to provide information on its finances

 

                   Further, In Sri Lanka, Private 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.55.58

UK Pound

1

Rs.87.14

Euro

1

Rs.69.73

 

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%)

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.