MIRA INFORM REPORT

 

 

Report No. :

355830

Report Date :

29.12.2015

 

IDENTIFICATION DETAILS

 

Name :

D P J HOLDINGS (PVT) LTD

 

 

Registered Office :

“DPJ House”, No.30/2 (Jesmin Park), Narahenpita Road, Nawala

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

04.09.2001

 

 

Com. Reg. No.:

PV 3999

 

 

Legal Form :

Private Limited Liability Company (In Operation)

 

 

Line of Business :

Manufacture, exporter and distributor of printed and blank barcode, paper, woven and synthetic label to use in garment industry.

 

 

No. of Employee :

Approx. 50

 

 

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

 

 

Payment Behaviour :

Unknown

 

 

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

 

GENERAL

 

- Basic information at a glance

 

a.

Name of Subject of Inquiry

:

D P J HOLDINGS (PVT) LTD

b.

Legal Form  & Status

 

:

 

Private Limited Liability Company (In Operation)

c.

Chairman

 :

D. P. M. Thusharaka Jayamanna.

d.

Primary Line of Business

:

Manufacture, exporter and distributor of printed and blank barcode, paper, woven and synthetic label to use in garment industry

e.

Head Office

:

 

“DPJ House”,

No.30/2 (Jesmin Park),

Narahenpita Road,

Nawala,

Sri Lanka.

 

Tel: (00 94 11) 522 7227

Fax: (00 94 11)  536 9248

 

E-mail: info@dpjh.com

              dpjhold@eureka.lk

 

g.

No. of Employees

:

Approx. 50

 

 

 

 

 

 

 

 

 

 

 

COMPANY DETAILS

 

 - Registration and Shareholder Details

a.

Registration No

:

N (PVS) 29146

Date of Registration

:

04th September 2001

b.

Re-registration No

:

PV 3999

Date of Re-registration

:

28th May 2008

c.

Registered Address

:

“DPJ” House”, No.30/2 (Jesmin Park), Narahenpita Road, Nawala, Sri Lanka.

d.

Board of Directors

As at

14th October 2015

:

D. Prasantha Mervyn Thusharaka Jayamanna

ManagingDirector

D. Nalika Priyanthi Jayamanna (Ms)

Director

e.

Issued  Share Capital

:

Rs. 20.00

Number of Shares

 

02

f.

Authorised Share Capital

:

Not applicable/declared vide Companies Act #7 of 2007.

g.

Share Holders

As at

14th October 2015

:

Share Holders

No. of    Shares

D. Prasantha  Mervyn Thusharaka Jayamanna

01

D. Nalika Priyanthi Jayamanna

01

h.

Auditors

:

Kalyananda Silva & Company

(#241, High Level Road, Nawinna, Maharagama)

i.

Company Secretaries

:

Supreme Consultancy Services (Pvt) Ltd

(#15/1, Stamboul Place, Colombo-03)

j.

Bankers

:

Sampath Bank, HNB

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directors Details

 

1)

Name

D. Prasantha Mervyn Thusharaka Jayamanna

ID Number

742891860 V

Nationality

Sri Lankan

Gender

Male

Date of Birth

15th October 1974

Age

41 Years

Address

No.107/9, Shalawa Road, Mirihana, Nugegoda, Sri Lanka.

 

2)

Name

D. Nalika Priyanthi Jayamanna

ID Number

735470442 V

Nationality

Sri Lankan

Gender

Female

Date of Birth

16th November 1973

Age

42 Years

Address

No.107/9, Shalawa Road, Mirihana, Nugegoda, Sri Lanka.

 

 

FINANCIAL DETAILS

 

- 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.

 

 

Current investigation

 

  • History.

 

The Subject Company D P J HOLDINGS (PVT) LTD is a Private    Limited   Liability Company incorporated in 04th September 2001 under registration number N (PVS) 29146 and then company was re-registered on 28th May 2008 under registration number PV 3999.

 

Note: The correct name of the subject company is D P J HOLDINGS (PVT) LTD.

 

 

  • Location.

 

The Subject Company is located at the client # DPJ House, 30/ 2, (Jesmine Park), Narahenpita Road, Nawala, Sri Lanka.

 

 

  • Operational Details.

 

General

The subject company primary line of business is manufacture, exporter and distributor of printed and blank barcode, paper, woven and synthetic label to use in garment industry.

 

Products

Printed and blank barcode, paper, woven and synthetic label to use in garment industry

 

Employees

Approx. 50

 

 

  • 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.

 

 

Information denied

 

MANAGEMENT NON CO-OPERATIVE

TEL NO.: 009411-5227227

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.14

UK Pound

1

Rs.98.69

Euro

1

Rs.72.55

LKR

1

Rs.0.46

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

AMT

 

 

Report Prepared by :

ANK

 

 

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%)

 

 

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