MIRA INFORM REPORT

 

 

Report No. :

326656

Report Date :

18.06.2015

 

IDENTIFICATION DETAILS

 

Name :

KAMAZU (PVT) LTD

 

 

Registered Office :

No 135, 16th Lane, Off Collage Street, Colombo-13

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

01.02.2001

 

 

Com. Reg. No.:

PV 4942

 

 

Legal Form :

Private Limited Liability Company 

 

 

Line of Business :

Subject is importer and distributor of pharmaceuticals.

 

 

No. of Employee :

Not Available

 

 

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 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

 

GENERAL

 

Basic information at a glance

     

 

a.

Name of Subject of Inquiry

:

KAMAZU (PVT) LTD

b.

Legal Form  & Status

:

Private Limited Liability Company  (In Operation)

c.

Managing Director

:

Sankaran Sukumar

d.

Primary Line of Business

:

Importer and Distributor of Pharmaceuticals.

e.

Head office

&

Place of Business

 

:

 

No 135, 16th Lane,

Off Collage Street,

Colombo-13.

Sri Lanka.

 

Tel. No: (00 94 11) 255 2955

Fax No: (00 94 11) 255 2958

 

E-Mail: kamazu@sltnet.lk

 

f.

No. of Employees

:

-Not Disclosed-

           

 

COMPANY DETAILS

 

Registration and Shareholder Details

                 

 

a.

 

 

Registration No

 

;

 

N (PVS) 27825

b.

Date of Registration

:

01st February 2001

c.

Re-Registration No

:

PV 4942

d.

Date of Re-Registration

:

03rd July 2008

e.

Registered Address

:

# 135, 16th Lane, Off Collage Street, Colombo-13

f.

Board of Directors

As At

14th October 2014

:

Sankaran Sukumar

Managing Director

Karthikesu Sayanthakumar

Director

Ramasamy Ekambaresan

Director

Mohamed Naseer

Director

Sanikaran Sukumar

Director

g.

Issued Share Capital

:

Rs. 900,000.00

Rs. 1,600,000,00

h.

No. of Shares

:

90,000

64,000

Nominal Value of Share

 

Not stated vide Companies act #7of 2007

i.

 

Share Holders

As At

14th October 2014

:

Share Holders

No. of

Shares

Sankaran Sukumar

92,400

Karthikesu Sayantha Kumar

        30,800

Ramasamy Ekambaresan

30,800

J.

Auditors

:

W.S.Kiruparatum & Company

(# 6A, 6C, Daisy Villa Mawatha, Colombo-04)

k.

Company Secretaries

:

Mansec Services (Pvt) Ltd ,

(# 6A, 6C, Daisy Villa Mawatha, Colombo-04)

j.

Bankers

:

-Not Disclosed-

 

 

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 are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity

 

CURRENT INVESTIGATION                      

 

·         History.

 

                  The Subject Company KAMAZU (PVT) LTD Company incorporated on 01st February  

                  2001 under registration number N (PVS) 27825 and then the company was re-registered     

                  on 03rd July 2008 under registration number PV 4942.  

 

·         Location.

 

The Subject Company is located at the client # 135, 16th Lane, Off Collage Street, Colombo-13. 

 

·         Operational Details.

 

General

                  The subject company’s primary line of business is Import and Distribution of Pharmaceuticals. 

 

Products

All kinds of Drugs and Vitamins etc. such as:

 

ACETAZOLAMIDE TABLETS 

ALBENDAZOLE CHEWABLE TABLETS 400MG

ALUMINIUM HYDROXIDE B.P 500MG

AMLODIPINE BESYLATE TABLETS USP 5MG

B COMPLEX FORTE CAPSULES WITH VITAMIN C E & ZI

CALCIUM & CHOLECALCIFEROL TABLETS BP 500MG

 

Importing Country

India. (Micro Labs Ltd, DCI Pharmaceutical (Pvt) Ltd, etc)

 

 

Employees

                  - Not Disclosed-

 

 

DIRECTORS DETAILS

 

           1.

Name

Sankaran Sukumar

ID Number

530453480 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

14th February 1953

Age

 62 Years

Address

# 46, St.Benadicts  Mawatha,Colombo-13

 

            2.

Name

Karthikesu Sayanthakumar

ID Number

660690930 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

9th March 1966

Age

 49 Years

Address

# 26a 1/1, I.B.C Road, Colombo-06

 

           3.

Name

Ramasamy Ekambaresan

ID Number

5407120770 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

11th March 1954

Age

 61  Years

Address

# 194/3 A, Pickerings Road,Colombo-13

         

            4.

Name

Mohamed Naseer

P.P

A093639

Nationality

Seychelles

        

 5.

Name

Sanikaran Sukumar

ID Number

530453480 V

Nationality

Sri Lankan

Gender

Male

Date Of Birth

14th February 1953

Age

 62 Years

Address

# 46, St.Benadicts Mawatha, Colombo-13.

 

 

Trade references

 

Cosmetics, Devices & Drugs Regulatory Authority Sri Lanka (CDDRA)

 

 

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 BY

 

Management non-cooperative (Tel. No. : 0009411-2552955)

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.11

UK Pound

1

Rs.100.32

Euro

1

Rs.72.17

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ASH

 

 

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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