|
Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
J A TRADING (PVT) LTD |
|
|
|
|
Registered Office : |
# 327C, Moors Lane, Warana Road, Thihariya |
|
|
|
|
Country : |
Sri Lanka |
|
|
|
|
Date of Incorporation : |
09.06.2010 |
|
|
|
|
Com. Reg. No.: |
PV 72614 |
|
|
|
|
Legal Form : |
Private Limited Liability Company (In Operation) |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
Approx. 05 |
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 : |
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 – 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 |
|
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 |
: |
J A
TRADING (PVT) LTD
|
|
Legal
Form & Status |
: |
Private Limited Liability Company (In
Operation) |
|
Managing
Director |
: |
S. Junaideen |
|
Primary Line of Business |
: |
|
|
Place of Business & Canning
Factory |
: |
# 327/C, Moors Lane, Warana Road, Thihariya. Sri Lanka. Tel./Fax No: (00 94 33) 227
2083 Mobile: (00 94 77) 341 7305 (Mr.
Junaideen, MD) E-mail: jatrading@gmail.com |
|
No. of Employees |
: |
Approx. 05 |
|
Registration
No |
: |
PV 72614 |
||
|
Date of
Registration |
: |
9th June, 2010 |
||
|
Registered Office/Address |
: |
# 327C, Moors Lane, Warana Road, Thihariya, Sri Lanka. |
||
|
Board of Directors As At 09th June 2010 |
: |
Sathardeen Junaideen |
Managing Director |
|
|
Junaideen Akif |
Director |
|||
|
Issued Share Capital |
: |
Rs
20.00 |
||
|
Nominal Value of Share |
: |
Rs
10.00 |
||
|
Share Holders As At 09th June 2010 |
: |
Share Holders |
No. of Shares |
|
|
Sathardeen Junaideen |
01 |
|||
|
Junaideen Akif |
01 |
|||
|
Auditors |
: |
Not Disclosed |
||
|
Company Secretaries |
: |
Junaideen Akif |
||
|
Bankers |
: |
Not disclosed |
||
Most recent available Financial Information
THE COMPANY HAS PROVIDED INFORMATION ON ITS
FINANCES- 2011/2012
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.
·
Location.
The Subject Company
is located at the client # # 327C, Moors
Lane, Warana
Road, Thihariya, Sri Lanka, a
town on the Colombo- Kandy Highway 1, approx. 35 kilo
meters from Colombo city
·
Operational Details.
General
The subject company primary line of business
is Import and distribution of Tobacco Leaves and Cotton for “Beedi”
manufacturers and apparel industries in Sri Lanka.
Products
Tobacco Leaves
Cotton Yarn
Import Countries
India
No
of Employees
Approx. 05
·
Directors’ Details
01)
|
Name |
Sathardeen
Junaideen |
|
ID
Number |
673512224V |
|
Nationality |
Sri
Lankan |
|
Gender |
Male |
|
Date
of Birth |
16th December 1967 |
|
Age |
45
Years |
02)
|
Name |
Junaideen
Akif |
|
ID
Number |
930590835V |
|
Nationality |
Sri
Lankan |
|
Gender |
Male
|
|
Date
of Birth |
28
February 1993 |
|
Age |
20
Years |
·
Financial Data
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.
·
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.54.16 |
|
UK Pound |
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
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.