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Report Date : |
18.03.2013 |
IDENTIFICATION DETAILS
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Name : |
U C A LANKA (PVT) LTD |
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|
|
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Registered Office : |
# 13-B, BOI Export Processing Zone, Puruwandala, Horana |
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|
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Country : |
Sri Lanka |
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|
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Date of Incorporation : |
04.11.2003 |
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Com. Reg. No.: |
N (PVS) 35541 |
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|
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Legal Form : |
Private Limited Liability Company
(In operation) |
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|
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Line of Business : |
Manufacturers and Exporters of Chemicals. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
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 |
: |
U C A LANKA
(PVT) LTD |
|
b. |
Legal Form & Status |
: |
Private Limited
Liability Company (In operation) |
|
c. |
CEO |
: |
R. Vinod Gupta |
|
d. |
Primary Line of Business |
: |
Manufacturers
and Exporters of Chemicals. |
|
e. |
Head Office & Factory |
: |
# 13-B, BOI
Export Processing Zone, Puruwandala, Horana, Sri Lanka, Tel. No: (00 94 34) 225 5200 Fax No: (00 94 34) 225 5200 E-mail: sales@ucalanka.com |
|
f. |
No. of Employees |
: |
Not Disclosed |
|
a. |
Registration No |
: |
N (PVS) 35541 |
||
|
Date of Registration |
: |
4th November 2003 |
|||
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b. |
Re-registration No |
|
PV 16320 |
||
|
Date of Re-registration |
|
08th October 2009 |
|||
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c. |
Registered Office |
: |
# 13-B, Horana
E.P.Z of BOI, Horana, Sri Lanka |
||
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d. |
Board Of Directors As At 03rd December 2010 |
: |
R. Vinod Gupta |
CEO |
|
|
Abhinav Gupta |
Director |
||||
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f. |
Issued Share Capital |
: |
Rs. 15,000,000.00 |
||
|
g. |
Nominal Value of Share |
: |
Rs. 10.00 |
||
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h. |
Share Holders As At 3rd December 2010 |
: |
Share Holders |
No of Shears |
|
|
G.
Muthuramalingam Vijayeavel |
150,000 |
||||
|
Nellainayagam
Ganesan |
150,000 |
||||
|
V.R. Gupta |
35,000 |
||||
|
Ranjana Vinod
Gupta |
1,165,000 |
||||
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i. |
Secretaries |
: |
C.G. Corporate Consultants |
||
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j. |
Auditors |
: |
Management Frontiers |
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k. |
Bankers |
: |
State Bank of India |
||
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 are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity
History
The Subject Company U C A LANKA (PVT) LTD is a Private Limited
liability Company incorporated on 4th November 2003
under registration number N (PVS) 35541 and then the company was re-registered on 08th
October 2009 under registration number PV 16320, in terms of
Companies Act #7 of 2007.
Location
The Subject Company is located at the client # 13-B, Horana E.P.Z of BOI, Horana, Sri Lanka, approx. 40 kilo meters
from Colombo.
General
The subject company primary line of business is a Manufacturers and Exporters of Zinc Oxide for Rubber industries, Tiles
and Paint industries. The company is a 100% export orient company and also
a BOI.
Products
Zinc Oxide
Export Country
India
Employees
Not Disclosed
01)
|
Name |
R. Vinod Gupta |
|
Nationality |
India |
|
Passport Number |
F 6819804 |
02)
|
Name |
Abhinav Gupta |
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Nationality |
India |
|
Passport Number |
G 3337513 |
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
The subject company did not provide any trade
reference referrals
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 |
|
|
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.