MIRA INFORM REPORT
|
Report No. : |
321280 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
LANMED (PVT) LTD |
|
|
|
|
Registered Office : |
No 215/1/S, Gunawardena Mw, Kerawalapitiya, Hendala,Wattala |
|
|
|
|
Country : |
Sri Lanka |
|
|
|
|
Date of Incorporation : |
11.12.2008 |
|
|
|
|
Com. Reg. No.: |
PV 66489 |
|
|
|
|
Legal Form : |
Private Limited Liability Company (In Operation) |
|
|
|
|
Line of Business : |
Pharmaceutical distributor for foreign and local Principals. Importing, warehousing, marketing and distribution i.e. total supply chain solution |
|
|
|
|
No. of Employee : |
Approx. 50 |
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 – 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 |
GENERAL
- Basic
information at a glance
|
a. |
Name of Subject of Inquiry |
: |
LANMED
(PVT) LTD |
|
b. |
Legal Form & Status |
: |
Private
Limited Liability Company (In
Operation) |
|
c. |
Managing Director |
: |
E.G.
Anil Chandrajith Nambuwasam |
|
d. |
Primary Line of Business |
: |
Pharmaceutical
distributor for foreign and local Principals.
importing, warehousing, marketing and distribution i.e. total supply
chain solution |
|
e. |
Head office & Place of Business |
: |
No.
215/1/S, Gunawardena Mw, Tel. No: (00 94 11) 298 1477 Fax No: (00 94 11) 294 9215 Email: info@lanmed.net |
|
f. |
No. of Employees |
: |
Approx.
50 |
COMPANY
DETAILS
- Registration and
Shareholder Details
|
a. |
Re-registration No |
: |
PV 66489 |
||
|
Date of Re-registration |
|
11th
December 2008 |
|||
|
b. |
Registered Office Address |
: |
No 215/1/S,
Gunawardena Mw, Kerawalapitiya, Hendala,Wattala, |
||
|
c. |
Board of Directors As at 31st December 2014 |
: |
E. G. A.
Chandrajith Nambuwasam |
Managing
Director |
|
|
E. G. B
Bandujith Nambuwasam |
Director |
||||
|
d. |
Issued Share Capital |
: |
Rs 40.00 |
||
|
Number of Share |
: |
04 |
|||
|
e. |
Nominal Value of Share |
: |
Not applicable
vide Companies Act #7 of 2007
|
||
|
f. |
Share Holders As at 31st December 2014 |
: |
Share Holders |
No. of Shares |
|
|
E. G. A.
Chandrajith Nambuwasam |
03 |
||||
|
S. P. Hirandhani
Nambuwasam (Ms) |
01 |
||||
|
g. |
Auditors |
: |
B. R. De Silva
and Company #22/4, Vijaya
Kumaranatunga Mawatha, Colombo-05 |
||
|
h. |
Company Secretaries |
: |
D. Dilini
Priyanka Silva #157E, Ediminna,
Finance watta Road, Batagama, Ja-Ela. |
||
|
i. |
Bankers |
: |
Not Disclosed |
||
FINANCIAL
DETAILS
- Most recent available Financial
Information
The
company has declined to provide information on its finances
However, it should be noted that the particular industry
segment the company is involved has growth potential and it can be possible for the company to expect
good growth prospects.
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 Financials are available for this entity
Current
investigation
- History
Company
Logo
%20LTD%20-%20321280%2011-May-2015_files/image022.jpg)
The Subject Company LANMED (PVT) LTD is a Private Limited
liability Company incorporated on 11th December 2008 under registration number PV 66489.
- Location.
The subject company is located at client # 215-1/S, Gunawardena Mawatha, Keruwalapitiya Road, Hendala, Wattala,
approx 10 kilo meters north of Colombo city.
- Operational Details.
General
The subject company primary line of business is Supply Chain &
Redistribution, Medical Marketing and marketing-oriented value added service.
The distribution function is carried out by distributors appointed
island wide and supported by a Lanmed sales team. The medical promotional
officers of Lanmed are extensively trained to represent their Principals in the
ethical market, it is stated.
Products
Anti-infectives, Anti-Ulcer ants, Cardiovascular, Antihistamine s, Nasal
decongestants,
Antipyretics, Antifungal and Cough remedies.
Partners & Brands: Subject states the following as their
partners/products
%20LTD%20-%20321280%2011-May-2015_files/image023.jpg)
%20LTD%20-%20321280%2011-May-2015_files/image024.jpg)
%20LTD%20-%20321280%2011-May-2015_files/image025.jpg)
%20LTD%20-%20321280%2011-May-2015_files/image026.jpg)
%20LTD%20-%20321280%2011-May-2015_files/image027.jpg)
%20LTD%20-%20321280%2011-May-2015_files/image028.jpg)
%20LTD%20-%20321280%2011-May-2015_files/image029.jpg)
%20LTD%20-%20321280%2011-May-2015_files/image030.jpg)
“Therasil” cough syrups
Importing
Country
India, Sweden, USA, Germany and UK.
Employees
Approximately 50
- Directors’ Details
01)
|
Name |
E. G. A. Chandrajith Nambuwasam |
|
ID Number |
630610710 V |
|
Nationality |
Sri Lankan |
|
Gender |
Male |
|
Date Of Birth |
1st March 1963 |
|
Age |
52 Years |
|
Address |
No 215/1/S, Gunawardena Mw, Kerawalapitiya, Hendala, Wattala, |
02)
|
Name |
E. G. B. Bandujith Nambuwasam |
|
ID Number |
611521081 V |
|
Nationality |
Sri Lankan |
|
Gender |
Male |
|
Date Of Birth |
31st May 1961 |
|
Age |
54 Years |
|
Address |
#156/2B, Crest Field Garden, Malabe Road, Kottawa. |
- Trade references
Cosmetics, Drugs and devices Regulatory Authority (CDDRA), Ministry of
Health. Sri Lanka Products Partners
- 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
MANAGEMENT NON CO-OPERATIVE
CONTACT NO.:
0(009411)2981477
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.