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Report Date : |
20.11.2012 |
|
|
|
|
Tel. No.: |
314871500 |
IDENTIFICATION DETAILS
|
Name : |
C C |
|
|
|
|
Registered Office : |
Baseline Road,
Daluwakotuwa, Kochchikade |
|
|
|
|
Country : |
|
|
|
|
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Date of Incorporation : |
02.09.1988 |
|
|
|
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Com. Reg. No.: |
PV 4289 |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business : |
Electronic,
Engineering & Manufacturing Services |
|
|
|
|
No. of Employees : |
Approximately 700
employees |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Sri Lanka |
A1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Sri Lanka - ECONOMIC OVERVIEW
Sri Lanka continues to experience strong economic growth, driven by large-scale reconstruction and development projects following the end of the 26-year conflict with the LTTE. Sri Lanka is pursuing a combination of government directed policies, private investment, both foreign and domestic, to spur growth in disadvantaged areas, develop small and medium enterprises, and increase agricultural productivity. The government struggles with high debt interest payments, a bloated civil service, and historically high budget deficits. However recent reforms to the tax code have resulted in higher revenue and lower budget deficits in recent years. The 2008-09 global financial crisis and recession exposed Sri Lanka's economic vulnerabilities and nearly caused a balance of payments crisis. Growth slowed to 3.5% in 2009. Economic activity rebounded strongly with the end of the war and an IMF agreement, resulting in two straight years of high growth in 2010 and 2011. Per capita income of $5,600 on a purchasing power parity basis is among the highest in the region.
|
Source : CIA |
|
Name of Subject of
Inquiry |
: |
C C S LANKA (PVT) LTD |
|
Legal Form & Status |
: |
Private
Limited Liability Company (In
Operation) |
|
Chairman |
: |
Stephan Schindler |
|
Primary Line of
Business |
: |
Electronic,
Engineering & Manufacturing Services |
|
Place of Business |
: |
Base Line Road, Kochchikade, Daluwakotuwa, Sri Lanka Tel. No: (00 94 31) 487 1500 Fax No: (00 94 31)
487 0933 Email: info@ccslanka.lk |
|
No. of Employees |
: |
Approximately 700 |
|
Registration No |
: |
N (PVS) 4829 |
||
|
Date of Registration |
: |
02nd September 1988 |
||
|
Re-registration No |
: |
PV 4289 |
||
|
Date of Re-registration |
|
16th January 2009 |
||
|
Registered Office |
: |
Baseline Road, Daluwakotuwa,
Kochchikade, Sri Lanka |
||
|
Board of Directors As At 12th
April 2011 |
: |
Stephan Schindler |
Chairman
|
|
|
Daniel Anliker |
Director |
|||
|
R. Roland Zryd |
Director |
|||
|
M. Capstran Lambert |
Director |
|||
|
H. Liyanage Upali |
Director |
|||
|
Thomes Kaiser |
Director |
|||
|
Issued Share Capital |
: |
Rs. 100,000,000.00 |
||
|
Nominal Value of Share |
: |
Rs.
100.00 |
||
|
Share Holders As At 12th
April 2011 |
|
Share Holders |
No. of Shares |
|
|
CCS International AG |
1,000,000 |
|||
|
Auditors |
: |
PriceWaterHouseCoopers |
||
|
Company Secretaries |
: |
S S P Corporate Services
(Pvt) Ltd |
||
|
Bankers |
: |
HSBC |
||
THE COMPANY HAS DECLINED TO PROVIDE
INFORMATION ON ITS FINANCES
Based on the corporate laws
of Sri Lanka, legal entities which are Private Company with Limited Liability is not required to make
public disclosure of their annual financials. Therefore no financials are
available for this entity
·
History.
The Subject Company C C S
LANKA (PVT) LTD is a Private Limited
Liability Company incorporated on 02nd September 1988 under registration
number N (PVS) 4829 and then the company was re-registered on 16th
January 2009 under registration number PV 4289
The subject company was
originally incorporated as ELSUMA (PVT) LTD on 02nd
September 1988 and then changed as C C S ELSUMA (PVT) LTD on
03rd March 2005 and it was again changed to C C S LANKA (PVT)
LTD on 20th February 2009. Therefore present name of the
Subject Company is C C S LANKA (PVT) LTD.
·
Location.
The Subject Company is located at the client
given address Base Line Road,
Kochchikade, Daluwakotuwa, Sri
Lanka
·
Operational Details.
General
The subject company’s primary
line of business is Electronic & Engineering
& Manufacturing Services.
The subject company has earned certified by ISO
9001:2008, ISO 14001:2004
Services
Electronic & Engineering
& Manufacturing Services. A new concept which defines the foundations of
their core competence. Their services today encompass a
European-Asian-orientated service package in the area of electronic and
mechatronic applications. The services should reflect their customers’ needs.
This shows how early they have to be integrated in their thoughts, to produce
together a required market orientated and long term product with differentiated
capabilities. The guidance and care of all their activities over the whole life
cycle and even over and beyond this guaranteed customers an optimal service all
the time.
Country
The subject company also have production
facility in the following countries.
1.
Switzerland:
o
CCS Holding AG, Lyss
o
CCS Formatest AG, Lyss
o
Elsuma AG, Lyss
2.
Germany
o
CCS Formatest GmbH
3.
China
o
CCS Elsuma Ltd.,
o
CCS Elsuma Ltd.,
No
of Employees
Approximately 700
Directors Details
01)
|
Name |
M. Capstran Lambert |
|
ID Number |
530880176 V |
|
Nationality |
Sri Lankan |
|
Gender |
Male |
|
Date of birth |
28th March 1953 |
|
Age |
59 Years |
02)
|
Name |
H. L. Upali |
|
ID Number |
616390040 X |
|
Nationality |
Sri Lankan |
|
Gender |
Female |
|
Date of birth |
18th March 1961 |
|
Age |
51 Years |
03)
|
Name |
Thomes Kaiser |
|
ID Number |
F 0649527 |
|
Nationality |
Switzerland |
04)
|
Name |
R. Roland Zryd |
|
PP Number |
F 0926217 |
|
Nationality |
Switzerland |
05)
|
Name |
Paul Gerny |
|
PP Number |
F 1283694 |
|
Nationality |
Switzerland |
06)
|
Name |
Stephan Schindler |
|
PP Number |
F 0197330 |
|
Nationality |
Switzerland |
·
Financial Data
The company has declined to provide
information on its finances
Based
on the corporate laws of Sri Lanka, legal entities which are Private Company
with
Limited
Liability is not required to make public disclosure of their annual financials.
Therefore no financials are available for
this entity
·
Trade
references
The
subject company 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 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.54.97 |
|
UK Pound |
1 |
Rs.87.50 |
|
Euro |
1 |
Rs.70.16 |
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.