MIRA INFORM REPORT

Report Date :

26.12.2014

IDENTIFICATION DETAILS

Name :	ALCHEMY HEAVY METALS (PVT) LTD
Registered Office :	#.153A, Kandalama Road, Dambulla
Country :	Sri Lanka
Date of Incorporation :	09.09.2008
Com. Reg. No.:	N(PVS) 32839
Legal Form :	Private Limited Liability Company (In Operation)
Line of Business :	Manufacture, Exporter & Supplier of All kinds of Mineral.
No. of Employee :	Approx. 100

NOTES :

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ECGC Country Risk Classification List – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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 following the end of the 26-year conflict with the Liberation Tigers of Tamil Eelam. The government has been pursuing large-scale reconstruction and development projects in its efforts to spur growth in war-torn and disadvantaged areas, develop small and medium enterprises and increase agricultural productivity. The government's high debt payments and bloated civil service have contributed to historically high budget deficits, but fiscal consolidation efforts and strong GDP growth in recent years have helped bring down the government's fiscal deficit. However, low tax revenues are a major concern. The 2008-09 global financial crisis and recession exposed Sri Lanka's economic vulnerabilities and nearly caused a balance of payments crisis. Agriculture slowed due to a drought and weak global demand affected exports and trade. In early 2012, Sri Lanka floated the rupee, resulting in a sharp depreciation, and took steps to curb imports. A large trade deficit remains a concern, but strong remittances from Sri Lankan workers abroad help offset the trade deficit. Government debt of about 80% of GDP remains among the highest in emerging markets.

Source : CIA

GENERAL

- Basic information at a glance

a.	Name of Subject of Inquiry	:	ALCHEMY HEAVY METALS (PVT) LTD
b.	Legal Form & Status	:	Private Limited Liability Company (In Operation)
c.	Managing Director	:	Thamby Lebbe Mohamed Nawash
d.	Primary Line of Business	:	Manufacture, Exporter & Supplier of All kinds of Mineral
e.	Head office		#.451/5, Havelock Road, Colombo-06, Sri Lanka. Tel. No: (00 94 11) 585 8678-79 / 583 7307 Fax No: (00 94 11) 236 5602
	Factory	:	153A, Kandalama Road, Dambulla. Tel. No: (00 94 66) 567 3410-11 / 228 3121 Fax. No: (00 94 66) 228 3120
f.	No. of Employees	:	Approx. 100

COMPANY DETAILS

- Registration and Shareholder Details

a.	Registration No	:	N(PVS) 32839
	Date of Registration		31st January 2003
b.	Re-registration No	:	PV 471
	Date of Re-registration		09th September 2008
c.	Registered Office	:	#.153A, Kandalama road, Dambulla
d.	Board of Directors As at 14th October 2010 ( Updated details of other directors not available due to relevant file not found at the ROC)	:	Thamby Lebbe Mohamed Nawash	Managing Director
			Nimal Felix Cecil Ranaweera	Director
			Fawsul Hazana Imtiaz	Director
			T.L. Mohamed Imtiaz	Director
			M. Siddeek Mohamed Mohamed Ali	Director
			W.M. Indika Sunith Kumara Wijamuni	Director
			Nandasena Ekanayaka	Director
e.	Issued Share Capital	:	Rs. 30,000,000.00
f.	Nominal Value of Share	:	Rs. 10.00

Registration and Shareholder Details

g.	Share Holders As at 14th October 2010	:	Share Holders	No. of Shares
			M. Siddeek Mohamed Mohamed Ali	105,000
			Thamby Lebbe Mohamed Nawash	665,001
			T.L. Mohamed Imtiaz	665,001
			T.L. Mohamed Nauzeen	665,000
h.	Auditors	:	W.S. Kiruparatnam & Company
i.	Company Secretaries	:	B D O Secretaries (Pvt) Ltd
k.	Bankers	:	Not Disclosed

Current investigation

• History

The Subject Company ALCHEMY HEAVY METALS (PVT) LTD is a Private Limited liability Company incorporated on 31st January 2003 under registration number N(PVS) 32839 and then the company was re-registered on 09th September 2008 under registration number PV 471.

(Note: At present a re-organization process in the office of the Registrar of Companies with regard to the data base in underway and company files are removed daily in batches for that purpose. As such the relevant file of this subject too has been removed and it is not available for reference. Authorities do not inform us when the file will be made available to us for scrutiny but daily we keep on checking until it is found.)

· Location.

The Subject Company is located at #.451/5, Havelock Road, Colombo-06.

Operational Details.

General

The subject company primary line of business is Manufacture, Exporter & Supplier of All kinds of Mineral.

Products

Zircon, Ilmenite, Rutile, Garnet, Quartz, Dolamite, Mica….etc

Country

South East Asia, Africa and Europe Countries

Employees

Approx. 100

· 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.63.46
UK Pound	1	Rs.98.51
Euro	1	Rs.77.31

INFORMATION DETAILS

Report Prepared by :

ANK

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