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Report No. : |
304058 |
|
Report Date : |
21.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SENURA INTERNATIONAL (PVT) LTD |
|
|
|
|
Registered Office : |
# 163, Old
Kottawa Road, Nugegoda |
|
|
|
|
Country : |
Sri Lanka
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|
|
|
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Date of Incorporation : |
16.01.2013 |
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|
|
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Com. Reg. No.: |
PV 90552 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is not
available from any sources] |
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|
|
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
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Status : |
Not In Operation |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
|
a. |
Name of Subject of Inquiry |
: |
SENURA INTERNATIONAL (PVT) LTD |
|
b. |
Legal Form & Status |
: |
Private Limited
Liability Company |
|
d. |
Primary Line of Business |
: |
Not Disclosed |
|
e. |
Head office & Place of
Business |
: |
# 163, Old Kottawa Road, Nugegoda. Sri Lanka. Note: Subject not listed in tele directories
and contact number not found. Enquiry continuing further. Therefore this
Interim Report. |
|
f. |
No. of Employees |
: |
Not Disclosed |
|
a. |
Registration No |
: |
PV 90552 |
||
|
Date of Registration |
: |
16th
January 2013 |
|||
|
c. |
Registered Office |
: |
# 499/1/J,
Gonahena, Kadawatha |
||
|
d. |
Board of Directors As At 17th November, 2014 |
: |
D.P. Jayalath
Krishan Pieris |
Managing Director |
|
|
Muthiah
Sasidaran |
Director |
||||
|
e. |
Total Value of Shares |
: |
Rs. 20,000,000.00 |
||
|
Total No. of Issued Shares |
: |
2,000,000 |
|||
|
f. |
Nominal Value of Share |
: |
Not applicable
vide Companies Act #7 of 2007. |
||
|
g. |
Share Holders As At 17th November 2014 |
: |
Share Holders |
No. of Shares |
|
|
D.P. Jayalath
Krishan Pieris |
2,000,000 |
||||
|
h. |
Auditors |
: |
Not, Disclosed |
||
|
i. |
Company Secretaries |
: |
Alliance
Management Systems (Private) Limited 241, High Level
Road, Navinna Maharagama. |
||
|
j. |
Bankers |
: |
Not Disclosed |
||
·
History.
·
Location.
The Subject Company is at the
client # 163, Old Kottawa Road,
Nugegoda.
This subject company is not listed in telephone directory and no contact
number found. Further, under investigation.
·
Operational
Details.
General
The details is not available
Products
Details not available
Employees
Not Disclosed
Director’s Details
01)
|
Name |
D.P. Jayalath
Krishan Pieris |
|
ID Number |
640610344V |
|
Nationality |
Sri Lankan |
|
Gender |
Male |
|
Date of Birth |
17th
October 1964 |
|
Age |
50 Years |
|
Address |
# 499/1/J,
Gonahena, Kadawatha |
02)
|
Name |
Muthiah
Sasidaran |
|
ID Number |
771480292V |
|
Nationality |
Sri Lankan |
|
Gender |
Male |
|
Date of Birth |
26th
December 1977 |
|
Age |
37 Years |
|
Address |
#73/41, Saman
Uyana, Kumaragewatte, Pelawatte, Battaramulla. |
·
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 computerized 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.
Not able to contact the company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.25 |
|
|
1 |
Rs.96.00 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
|
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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.