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Report Date : |
16.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANDREWS INTERNATIONAL (PVT) LTD |
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|
|
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Registered Office : |
# 69/2, 2nd lane, Senanayake Mawatha, Nawala |
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|
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Country : |
Sri Lanka |
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Date of Incorporation : |
16.03.2013 |
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Com. Reg. No.: |
PV 71522 |
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Legal Form : |
Private Limited Liability Company (In Operation) |
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Line of Business : |
Importers & Distributors of Paper Products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
-- |
NB |
New Business |
-- |
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Status : |
New Company |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Sri Lanka |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Basic information
at a glance
|
a. |
Name of Subject of Inquiry |
: |
ANDREWS INTERNATIONAL (PVT) LTD |
|
b. |
Legal Form & Status |
: |
Private Limited Liability
Company (In Operation) |
|
c. |
Managing Director |
: |
D. Peter
Christopher Lalith Pinto |
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d. |
Primary Line of Business |
: |
Importers & Distributors of Paper
Products |
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e |
Head Office & Place of Business |
|
# 69/2,2nd lane, Senanayake
Mawatha Nawala, Sri
Lanka. Tel. N o: (00 94 11) 280 5682 / 433 4512 Fax. No: (00 94 11) 280 5198 E-mail: lalithpinto@hotmail.com |
|
f. |
No. of Employees |
: |
Not Disclosed |
Registration and Shareholder Details
|
a. |
Registration No |
: |
PV 71522 |
||
|
Date of Registration |
: |
16th
March 2013 |
|||
|
c. |
Registered Office |
: |
# 69/2,2nd lane,
Senanayake Mawatha, Nawala |
||
|
d. |
Board of Directors As At 11th April 2014 |
: |
D. Peter
Christopher Lalith Pinto |
Managing Director |
|
|
Prenie Sharma Melanie Kariyawasan Pinto (Ms) |
Director |
||||
|
e. |
Issued Share Capital |
: |
Rs. 5,000,000.00 |
||
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No. of Shares |
: |
500,000 |
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f. |
Nominal Value of Share |
: |
Not applicable
vide Companies Act #7 of 2007 |
||
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g. |
Share Holders As At 24th September 2013 |
: |
Share Holders |
No Of Shares Held |
|
|
D. Peter
Christopher Lalith Pinto |
400,000 |
||||
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P.D. Joseph Dudley |
100,000 |
||||
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h. |
Auditors |
: |
Ranwatta &
Company |
||
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i. |
Company Secretaries |
|
Chart Business
Systems (Pvt) Ltd |
||
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j. |
Bankers |
|
Not Disclosed |
||
01)
|
Name |
D. Peter
Christopher Lalith Pinto |
|
ID Number |
550094070 V |
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Nationality |
Sri Lankan |
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Gender |
Male |
|
Date of Birth |
09th
January 1955 |
|
Age |
59 Years |
|
Address |
# 10, Hemasinghe
Mawatha, Koswatta Road, Nawala, Rajagiriya |
02)
|
Name |
Prenie Sharma Melanie Kariyawasan Pinto |
|
ID Number |
597212275 V |
|
Nationality |
Sri Lankan |
|
Gender |
Female |
|
Date of Birth |
08th
August 1955 |
|
Age |
54 Years |
|
Address |
# 10, Hemasinghe
Mawatha, Koswatta Road, Nawala, Rajagiriya |
Most recent available Financial Information
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 ANDREWS INTERNATIONAL (PVT) LTD is a
Private Limited Liability Company incorporated on 16th March 2013 under
registration number PV 71522.
Location.
The Subject Company’s located at the client # 69/2,2nd lane, Senanayake
Mawatha, Nawala
Operational
Details.
General
The subject company
primary line of business is managing Importers
& Distributors of Paper Products
Products
Testliner Paper
Fluting Paper
Kraft liner
White Top Liner
Newsprint
Duplex board
No
of Employees
Not Disclosed
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.
Trade references
Not Available
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.59.48 |
|
|
1 |
Rs.100.93 |
|
Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
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.