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Report Date : |
22.01.2013 |
IDENTIFICATION DETAILS
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Name : |
S.V.S ENTERPRISES |
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Registered Office : |
# 67, Wolfendhal Street , Colombo 13, |
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Country : |
Sri Lanka. |
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Date of Incorporation : |
14.03.1997 |
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Com. Reg. No.: |
W/A 7384 |
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Legal Form : |
Partnership Company |
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Line of Business : |
Manufacture
& Import of Animal Feeds
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No. of Employees : |
30 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 30th,
2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Sri Lanka |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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 |
|
a. |
Name of Subject of Inquiry |
: |
S.V.S ENTERPRISES |
|
b. |
Legal Form & Status |
: |
Partnership
Company (In Operation) |
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c. |
Managing Partner |
: |
R. Vijaykumar |
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d. |
Primary Line of Business |
: |
Manufacture
& Import of Animal Feeds
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e. |
Head Office & Place of Business |
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# 67, Wolfendhal Street , Colombo 13, Sri Lanka.
Tel. No: (00 94 11) 233 8164 Fax. No: (00 94
11) 233 8161 E-mail: svscompany@gmail.com |
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f. |
No. of Employees |
: |
30 Employees |
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a. |
Registration No |
: |
W/A 7384 |
||
|
b. |
Date of
Registration |
: |
14th March 1997 |
||
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c. |
Registered
Office |
: |
# 67, Wolfendhal Street, Colombo 13, Sri
Lanka. |
||
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d. |
Partners |
: |
R. Vijaykumar |
Managing Partner |
|
|
Gourie
Vijaykumar |
Partner |
||||
e.
|
Secretaries
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:
|
Not Applicable |
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f. |
Auditors |
: |
G.R.M. Associates |
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g. |
Bankers |
: |
Commercial Bank |
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Most recent
available Financial Information
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 S.V.S ENTERPRISES is a Partnership
Company, in operation. The subject has
been registered on 14th March
1997 under Registration No. W/A
7384.
The subject
company has a subsidiary company S.V.S.
COMPANY
·
Location.
The Subject Company is located at
the # 67, Wolfendhal Street, Colombo 13,
Sri Lanka. Subject
Company has situated four
storied building and client number # 65, is also
Situated this four storied
building and this four storied building is subject company owned
Building. And subject company
factory is located at # 204, Kandy
Road, Peliyagoda.
·
Operations
Details.
General
Products
Country
India, Australia
Employees
Approximately 30
·
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
·
General Comments
When we contacted
the company and they have provided all basic details and well help to prepared
this report.
·
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.53.87 |
|
UK Pound |
1 |
Rs.85.52 |
|
Euro |
1 |
Rs.71.77 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
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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.