MIRA INFORM REPORT
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Report No. : |
304763 |
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Report Date : |
31.01.2015 |
IDENTIFICATION DETAILS
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Name : |
ANALYTICAL INSTRUMENTS (PVT) LTD |
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Registered Office : |
# 100, Elvitigala Mawatha, Colombo 08 |
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Country : |
Sri Lanka |
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Date of Incorporation : |
06.01.1989 |
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Com. Reg. No.: |
PV 1328 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Import of Medical Diagnostic Products Analytical Equipment and Instrumentation Animal Husbandry Products as well as General Laboratory Products. Subject product
ranges includes:- · Medical Diagnostic Products · Reagents, High Technology Analytical Equipment and Instrumentation · Animal Husbandry Products · General Laboratory Products · Consumables and Chemicals |
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No of Employees : |
235 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – 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 |
GENERAL
Basic information at a glance
|
Name of Subject of Inquiry |
: |
ANALYTICAL
INSTRUMENTS (PVT) LTD |
|
Legal Form & Status |
: |
Private Limited Liability Company (In Operation) |
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Manager Director |
: |
L. J. M. Abeyarathna |
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Primary Line of Business |
: |
Import of Medical diagnostic products analytical equipment and
instrumentation animal husbandry products as well as general laboratory
products |
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Head office
& Place of Business |
: |
# 100, Elvitigala Mawatha, Colombo 08, Sri Lanka. Tel.
No: (00 94 11) 263 9000 Fax
No: (00 94 11) 269 9282 Email:
analytical@aipl.lk Web:
www.aipl.com |
|
Employees |
: |
235 |
COMPANY
DETAILS
Registration and
Shareholder Details
|
: |
N (PVS) 5105 |
||||
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Date of Registration |
: |
06th January 1989 |
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Re- Registration No |
|
PV 1328 |
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Date of Re- Registration |
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05th December 2007 |
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Registered Office |
: |
# 100,
Elvitigala Mawatha, Colombo 08. |
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Board of Directors As at 14th October 2013 |
: |
L.J. M. Abeyarathna |
Managing Director |
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|
R. R. Jayasundara |
Director |
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Issued Share Capital |
: |
Rs. 25,000,000.00 |
|||
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Nominal Value of Share |
: |
Rs. 10.00 (Total Number of Shares 2,500,000) |
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Share Holders As at 14th October 2013 |
: |
Share Holders |
No. of Shares |
||
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L. J. M. Abeyarathna |
1,250,000 |
||||
|
R. R. Jayasundara |
1,250,000 |
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Auditors |
: |
Sunimal Fernando
& Company |
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Company Secretaries |
: |
Nexia Corporate
Consultants (Pvt) Ltd |
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Bankers |
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National Development Bank Dhamapalamadh |
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Import |
: |
Countries :
India, Pakistan, Uk, Usa,
Germany |
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Trading Terms: |
: |
Purchasing
Terms: Cash, Credit , Advance Payment Sales Terms :
Cash, Credit , Advance Payment |
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Type of Customers |
: |
Wholesalers |
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Director’s
Details
01)
|
Name |
L. J. M. Abeyarathna |
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ID Number |
570140779 V |
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Nationality |
Sri Lankan |
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Gender |
Male |
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Date of Birth |
14th January 1957 |
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Age |
56 Years |
02)
|
Name |
R. R. Jayasundara |
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ID Number |
608500065 |
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Nationality |
Sri Lankan |
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Gender |
Female |
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Date of Birth |
15th December 1960 |
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Age |
53 Years |
INFORMATION
parted BY
|
Name : |
Mr. Gamini Wanasingha |
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Designation : |
Accountant |
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Contact No.: |
94112639000 |
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Date : |
29.01.2015 |
FINANCIAL
DETAILS
Most recent
available Financial Information
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
Company Logo
%20LTD%20-%20304763%2031-Jan-2015_files/image006.jpg)
·
History.
The Subject
Company ANALYTICAL INSTRUMENTS (PVT) LTD is a Private Limited liability Company incorporated on 06th January 1989 under
registration number N (PVS) 5105. And
then the company was re-registered on 05th
December 2007 under registration number
PV 1328.
.
·
Location.
The Subject Company is located at client #
100, Elvitigala Mawatha, Colombo
08
·
Operational
Details.
General
The subject company primary
line of business is Import of Medical
diagnostic products analytical equipment and instrumentation animal husbandry
products as well as general laboratory products.
The subject company has
earned certified by ISO 9001:2000, ISO
9001:2008
Products
Medical diagnostic products
Reagents,
high technology analytical equipment and instrumentation
Animal
husbandry products
General laboratory products
Consumables and
chemicals
Country
India, Germany, France, USA, Taiwan, Italy,
Finland
No of Employees
235
·
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.
ANALYSIS
& RATING
Appraisal and Rating of Subject Company
|
Rating: |
|
|
a) Market Situation |
Competitive |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
|
UK Pound |
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUV |
|
Analysis Done by
: |
Sub |
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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-- |
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.