|
Report No. : |
355420 |
|
Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
TUNIP LANKA (PVT) LTD |
|
|
|
|
Registered Office : |
Lot No. 24, Ring Road – 1, Export Processing zone, Phase – 1, Katunayake, |
|
|
|
|
Country : |
Sri Lanka |
|
|
|
|
Date of Incorporation : |
27.04.2011 |
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|
|
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Com. Reg. No.: |
PV 78513 |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business : |
Manufacturer & Distributor of Fruit Based Beverages |
|
|
|
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No. of Employee : |
75 |
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 |
|
|
|
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Payment Behaviour : |
Unknown |
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|
|
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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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 government's 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, but low tax revenues remain a 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 |
: |
TUNIP
LANKA (PVT) LTD |
|
b. |
Legal Form &
Status |
: |
Private
Limited Liability Company (In
Operation) |
|
c. |
Managing Director |
: |
Neeta
Goyal |
|
d. |
Primary Line of Business |
: |
Manufacturer
& Distributor of Fruit Based Beverages. |
|
e. |
Head office & Place of Business |
: |
# 4, Ring Road I, Phase I, EPZ, Katunayake, Sri Lanka. Tel/Fax. No: (00 94 11) 225 2835 Email: hr-lanka@tunip.com Website: http://www.tunip.com |
|
f. |
No. of Employees |
: |
75 |
Registration and
Shareholder Details
|
a. |
Registration No |
: |
PV 78513 |
||
|
Date of Registration |
|
27th
April 2011 |
|||
|
c. |
Registered Office |
: |
Lot No. 24, Ring
Road – 1, Export Processing zone, Phase – 1, Katunayake, Sri Lanka. Level 14, West Tower, World Trade Centre, Echelon Square, Colombo 01. (Old
address) |
||
|
d. |
Board of Directors As at 01st September
2014 |
: |
Neeta
Goyal |
Managing
Director |
|
|
Siddhant
Goyal |
Director |
||||
|
Tulsidas
Banbiharilal Goyal |
Director |
||||
|
e. |
Issued Share Capital |
: |
Rs. 13,123,000.00 |
||
|
No of Shares |
: |
1,312,300 |
|||
|
f. |
Authorised Share Capital |
: |
Not
applicable/declared vide Companies Act #7 of 2007 |
||
|
g. |
Share Holders As at 31st December 2013 |
: |
Share
Holders |
No. of Shares |
|
|
Tunip
Agro Limited – (India) |
1,312,300 |
||||
|
h. |
Auditors |
: |
RKLS
Associates (#623/5A,
Rajagiriya Gardens, Rajagiriya) |
||
|
i. |
Company Secretaries |
: |
Varners
International (Pvt) Ltd (#Level
14, West Tower, World Trade Centre, Echelon Square, Colombo-01) |
||
|
k. |
Bankers |
: |
Hatton
National Bank , Sri Lanka |
||
|
l. |
Type of customers |
: |
Wholesaler
and Retailers |
||
|
m. |
Sister Concern |
: |
Tunip
Agro Limited, Mumbai India (Parent Company) |
||
Most recent
available Financial Information
The
Company Has Declined To Provide Information on Its Finances
Note: 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
TUNIP LANKA (PVT) LTD is a Private
Limited liability Company
incorporated on 27th April
2011 under registration number PV
78513.
Location.
The subject company is located at client # 4, Ring Road I, Phase
I, EPZ, Katunayake
Operational Details.
General
The subject company primary line of business is Manufacturer & Distributor of Fruit
Based Beverages.
Products
Fruit Beverages.
Brand
“ONJUS”
Country
Locally
Employees
75
01)
|
Name |
Neeta
Goyal |
|
PP
Number |
Z
2288505 |
|
Nationality |
Indian |
02)
|
Name |
Siddhant
Goyal |
|
PP
Number |
Z
1778012 |
|
Nationality |
Indian |
03)
|
Name |
Tulsidas
Banbiharilal Goyal |
|
PP
Number |
Z
2288507 |
|
Nationality |
Indian |
The subject company did not
provide any trade references
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.
|
Name : |
MS. Shamika |
|
Designation : |
Assistant manager of HR |
|
Contact No.: |
9411-2252835 |
|
Date : |
15.12.2015 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
LKR |
1 |
Rs.0.46 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
TRU |
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.