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Report No. : |
313746 |
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Report Date : |
31.03.2015 |
IDENTIFICATION DETAILS
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Name : |
AMSDN (PVT) LTD |
|
|
|
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Registered Office : |
#164/2, Galle Road, Dehiwala |
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|
|
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Country : |
Sri Lanka
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Date of Incorporation : |
19.09.2014 |
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Com. Reg. No.: |
PV 100977 |
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|
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Legal Form : |
Private Limited Liability Company [In Operation] |
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|
|
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Line of Business : |
American Premium Water Distribution |
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No. of Employees : |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
|
-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 – 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 |
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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.
|
Source
: CIA |
|
a. |
Name of Subject
of Inquiry |
: |
AMSDN (PVT) LTD |
|
b. |
Legal Form & Status |
: |
Private Limited
Liability Company (In Operation) |
|
c. |
Managing
Director |
: |
Mohamed Tariq
Kaleel |
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d. |
Primary Line of
Business |
: |
American Premium Water Distribution |
|
e. |
Place of
Business |
: |
#164/2, Galle
Road, Dehiwala Sri Lanka Tel. No: (00 94
11) 272 1821 Mobile: (00 94 77) 503 2047 ( Mr. Prasad, Area
Sales Manager) Fax: (00 94 11 )
272 1822 Email : tariqkaleel@gmail.com, |
|
f. |
No. of Employees |
: |
Not Disclosed |
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a. |
Registration No |
: |
PV 100977 |
|
|
Date of
Registration |
: |
19th
September 2014 |
||
|
b. |
Registered
Office |
: |
#164/2, Galle
Road, Dehiwela |
|
|
c. |
Board of
Directors As at 19th
September 2014 |
: |
Mohamed Tariq
Kaleel |
Managing
Director |
|
Fathima Ayesha
Tariq Kaleel (Ms) |
Director |
|||
|
d. |
Issued Share Capital |
: |
Value Not declared as it is a new company |
|
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e. |
Number of Shares |
: |
10 |
|
|
Nominal Value of
Share |
: |
Not declared vide
Companies Act #7 of 2007. |
||
|
f. |
Share Holders As at 19th
September 2014 |
: |
Share Holders |
No. of Shares |
|
Mohamed Tariq
Kaleel |
09 |
|||
|
Fathima Ayesha
Tariq Kaleel (Ms) |
01 |
|||
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g. |
Auditors |
: |
Not Disclosed |
|
|
h. |
Company
Secretaries |
: |
Mohamed Tariq
Kaleel, #106/2, Saranankara Road, Dehiwela
|
|
|
i. |
Bankers |
: |
-Not Disclosed- |
|
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
detailed financials are available for this entity.
History.
The Subject Company AMSDN (PVT)
LTD is a Private Limited liability Company incorporated on 19th September 2014 under
registration number PV 100977.
Location.
The Subject Company is located at the client #164/2, Galle Road, Dehiwala.
Operational
Details.
General
The primary line of business of the Subject Company is Distributing of Mineral Water
Product/Services
Distributing of
American Water Premium
Super marketing
Farming
Accounting
Consultant
Manufacture and
Distributing of Chips (similar to Potato Chips)
Import
Country
Not Disclosed
No
of Employees
Not Disclosed
Directors’ Details
01)
|
Name |
Mohamed Tariq Kaleel |
|
ID Number |
720221110V |
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Nationality |
Sri Lankan |
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Gender |
Male |
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Date Of Birth |
22nd January1972 |
|
Age |
43 Years |
|
Address |
#106/2, Saranankara Road, Dehiwela |
02)
|
Name |
Fathima Ayesha Tariq Kaleel |
|
ID Number |
777170309V |
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Nationality |
Sri Lankan |
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Gender |
Female |
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Date Of Birth |
04th August 1977 |
|
Age |
37 Years |
|
Address |
#106/2, Saranankara Road, Dehiwela |
Trade references
The subject company did not provide any trade
references
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.
Management non co-operative [009411-2721821]
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.63 |
|
|
1 |
Rs.92.94 |
|
Euro |
1 |
Rs.68.06 |
INFORMATION DETAILS
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Information
Gathered by : |
PRT |
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|
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|
Analysis Done by
: |
SUB |
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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 |
|
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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 |
|
|
-- |
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.