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Report No. : |
300782 |
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Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
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Name : |
ELEGANT EFFECTS (PVT) LTD |
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Registered Office : |
# 172 2/30, Commercial Plaza, Keyzer Street, Colombo 11 |
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Country : |
Sri Lanka |
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Date of Incorporation : |
01.10.2014 |
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Com. Reg. No.: |
PV 101236 |
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Legal Form : |
Private Limited Liability Company |
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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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No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to part
any information from the company management.] |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Sri Lanka |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
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Name of Subject of Inquiry |
: |
ELEGANT EFFECTS (PVT) LTD |
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Legal Form & Status |
: |
Private Limited Liability Company (In Operation) |
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Managing
Director |
: |
Abdul Sattar Mohamed Yoonus |
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Primary Line of Business |
: |
Not Disclosed |
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o. of Employees |
: |
Not Disclosed/Available |
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: |
PV 101236 |
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Date of Registration |
: |
01st October 2014 |
||
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Registered Office |
: |
# 172 2/30,
Commercial Plaza, Keyzer Street, Colombo 11 |
||
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Board of Directors As At 01st
October 2014 |
: |
Abdul Sattar
Mohamed Yoonus |
Managing
Director |
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Issued Share Capital |
: |
Rs. 1,000.00 |
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Number of Shares |
: |
100 |
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Nominal Value of Share |
: |
Rs. 10.00 |
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Share Holders As At 01st
October 2014 |
: |
Share Holders |
No Of Shares Held |
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Abdul Sattar
Mohamed Yoonus |
100 |
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Auditors |
: |
Not Disclosed |
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Company Secretaries |
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Seyad Oman Ali (# 488/7, Minhaj Mawatha, Thihariya,
Kalagedihena) |
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Bankers |
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Not Disclosed- |
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The subject company
has been registered just 03 months ago and no financials available.
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.
·
Location.
The client given address of
the subject company is # 172 2/30,
Commercial Plaza, Keyzer
Street, Colombo 11. Since the
company has been registered just 03 months back, our
Investigator Could not trace
the given address and still being pursued.
The subject company has also
not been listed in any of the telephone directories and as
Such no contact number is
available.
·
Operational
Details.
General
The details of the primary
line of business of the subject company is not disclosed as yet
Products
Details not available.
No of Employees
Not Disclosed
Director’s Details
01)
|
Name |
Abdul Sattar Mohamed Yoonus |
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ID Number |
530665984 V |
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Nationality |
Sri Lankan |
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Gender |
Male |
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Date of Birth |
06th March 1953 |
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Age |
62 Years |
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Address |
# 21, Vijaya Mawatha, Piliyandala |
·
Financial Data
The subject company has been
registered just 03 months ago and no financials available.
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.
·
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.61.85 |
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UK Pound |
1 |
Rs.93.27 |
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Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.