|
Report Date : |
30.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMINOVIT (PVT) LTD |
|
|
|
|
Registered Office : |
#
28,Minuwangoda Road, Ekala, Ja-Ela |
|
|
|
|
Country : |
Sri Lanka |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
01.12.2010 |
|
|
|
|
Com. Reg. No.: |
PV 75785 |
|
|
|
|
Legal Form : |
Private Limited Liability Company (In Operation) |
|
|
|
|
Line of Business : |
Manufacturing and Export of Animal poultry feeds premix. |
|
|
|
|
No. of Employees : |
Approximately 50 |
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 |
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
- Basic
information at a glance
|
Name of Subject of Inquiry |
: |
AMINOVIT (PVT)
LTD |
|
Legal Form & Status |
: |
Private Limited Liability Company (In Operation) |
|
Managing
Director |
: |
G. Bangarusamy
Sundarajan |
|
Primary Line of Business |
: |
Manufacturing
and Export of Animal poultry feeds premix. |
|
Head office & Place of
Business /Factory |
: |
# 28,Minuwangoda Road, Ekala, Ja-Ela, Sri Lanka. Tel. No: (00 94 11) 563 6367 Fax No: (00 94 11) 222 8541 E-mail:
qualityfeeds2011egmail.com |
|
No. of Employees |
: |
Approximately
50 |
- Registration and Shareholder
Details
|
Registration No |
: |
PV 75785 |
||
|
Registration Date |
: |
01st December 2010 |
||
|
Registered Office |
: |
# 28, Minuwangoda road, Ekala, Ja-Ela, Sri
Lanka. |
||
|
Board of Directors As At 12th July 2012 |
: |
G. Bangarusamy
Sundarajan |
Managing Director |
|
|
Subramanian Kannan |
Director |
|||
|
B. Soundarajan |
Director |
|||
|
Issued Share Capital |
: |
LKR.
200,000,000.00 |
||
|
Nominal Value of Share |
: |
LKR. 10.00 |
||
|
Share Holders As At 12th July 2012 |
: |
Share Holders |
No. of Shares |
|
|
G. Bangarusamy
Sundarajan |
01 |
|||
|
Subramanian Kannan |
19,999,998 |
|||
|
B. Soundarajan |
01 |
|||
|
Auditors |
: |
Kanesalingam
& Company |
||
|
Company Secretaries |
: |
EM and EN Agents & Secretaries (Pvt) Ltd |
||
|
Bankers |
: |
Standard Chartered Bank, Colombo Facilities: PC – 10 million (USD) |
||
|
Parent Company |
: |
Sugana Holding Private Limited, India |
||
|
|
31.03.2012 |
|
Sales Turnover |
10.000 millions
USD |
Expected Sales (2012-2013) : Rs.15.000 millions USD
Name: Mr. Akbar
Designation: Accounts Manager
Contact: 0009411-2228541
Date: 17.09.2012
·
History.
The Subject Company QUALITY FEEDS (PVT) LTD is a Private Limited Liability Company
incorporated on 01st December 2010 under Registration number.
PV 75785.
The subject
company AMINOVIT (PVT) LTD is an
earlier known as a QUALITY FEEDS
(PVT) LTD it changed on 20th July 2012
·
Location
The subject
company is located at the client # 28,
Minuwangoda Road, Ekala, Ja-Ela.
·
Operations
Details.
General
The Subject Company primary line of business
is Manufacturing & Export of Animal
poultry feeds premix.
Products
Animal Poultry
feed
Export Countries
India
Import Countries
Thailand, Japan,
India, China
Employees
Approx.50
Terms
Purchasing: Cash, Credit
Selling: Cash, Credit
·
Directors Details
01)
|
Name |
G. Bangarusamy
Sundarajan |
|
PP Number |
F 4301201 |
|
Nationality |
India |
02)
|
Name |
Subramanian Kannan |
|
PP Number |
H 2604563 |
|
Nationality |
India |
03)
|
Name |
B. Soundarajan |
|
PP Number |
E 7677709 |
|
Nationality |
India |
·
Financial Data
The company has
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 reference referrals
·
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.54.27 |
|
UK Pound |
1 |
Rs.84.23 |
|
Euro |
1 |
Rs.70.90 |
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.