MIRA INFORM REPORT

 

 

 

Report Date :

26.11.2014

 

IDENTIFICATION DETAILS

 

Name :

NEW BENSON TRADING (PVT) LTD

 

 

Registered Office :

#.184, Bankshall Street, Colombo-11

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

27.05.2009

 

 

Com. Reg. No.:

PV 67913

 

 

Legal Form :

Private Limited Liability Company (In Operation)

 

 

Line of Business :

Import, Export and distribute of Food Commodities

 

 

No. of Employees :

Approximately 200

 

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, 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 (LTTE). 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. Growth slowed to 3.5% in 2009. Economic activity rebounded with the end of the war and an IMF agreement, resulting in two straight years of 8% growth in 2010-11. Growth moderated to about 6% in 2012. 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. Strong remittances from Sri Lankan workers abroad have helped to offset the trade deficit.

 

Source : CIA

 

GENERAL - Basic information at a glance

     

a.

Name of Subject of Inquiry

:

NEW BENSON TRADING (PVT) LTD

b.

Legal Form  & Status

:

Private Limited Liability Company (In Operation)

c.

Managing Director

:

J. M. Jesanco Coonghe

d.

Primary Line of Business

:

Import, Export and distribute of Food Commodities

e.

Place of Business

:

 

# 184-186, Bankshall Street,

Colombo – 11,

Sri Lanka.

 

Tel. No: (00 94 11)  233 2475 /247 2193

Fax No: (00 94 11)   247 2074

 

E-mail: benson.trading@yahoo.com

 

g.

No. of Employees

:

Approximately 200

 

 

COMPANY DETAILS  - Registration and Shareholder Details

 

a.

Registration No

:

PV 67913

b.

Date of Registration

:

27th May 2009

c.

Registered Office

:

#.184, Bankshall Street, Colombo-11, Sri Lanka.

d.

Board of Directors

As At

31st December 2012

:

J. M. Jesanco Coonghe

Managing

Director

J. J. Jerry Coonghe

  Director

e.

Issued Share Capital

:

Rs   20.00

f.

Nominal Value of Share

:

Rs   10.00

g.

 

 Share Holders

As At

31st December 2012

:

Share Holders

No. of

Shares

J. M. Jesanco Coonghe

01

J. J. Jerry Coonghe

01

h.

Auditors

:

Management Accounts

i.

Company Secretaries

:

Corporate Management Systems (Pvt) Ltd

j.

Bankers

:

 

DFCC Bank, Union Bank, HNB Plc, Commercial Bank PLC, Seylan Bank PLC, Bank of Ceylon, Nations Trust Bank

 

 

 

Directors’ Details

 

01)

Name

J. M. Jesanco Coonghe

ID Number

630512328 V

Nationality

Sri Lankan

Gender

Male

Date of Birth

20th  February 1963

Age

49 Years

 

02)

Name

J. J. Jerry Coonghe

ID Number

750460739 V

Nationality

Sri Lankan

Gender

Male

Date of Birth

15th  February 1975

Age

37 Years

 

 

FINANCIAL DETAILS - 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

       

                                                           

CURRENT INVESTIGATION

 

History.

The Subject Company is NEW BENSON TRADING (PVT) LTD is a Private Limited Liability Company incorporated on 27th May 2009 under registration number PV 67913.

 

 

Location.

The Subject Company is located at the client # 184-186, Bankshall Street, Colombo – 11.

 

 

Operational Details

 

General

The subject company primary line of business is Import, Export and distribute of Food Commodities

 

The subject company from 2010 to 2012, the export number of the first three suppliers

Countries accounted for 100.00% of the total import number of New Benson Trading PVT.

LTD. The top supplier Countries are Canada (100 %).

 

Products

Lentils, Red Split Lentil, Beans, Soybeans…etc

 

Import Countries

India, China, Taiwan, Australia, Pakistan, Canada

 

No of Employees

Approximately 200

 

 

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.61.92

UK Pound

1

Rs.97.12

Euro

1

Rs.76.93

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

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