MIRA INFORM REPORT

Report No. :	323466
Report Date :	27.05.2015

IDENTIFICATION DETAILS

Name :	RATRA TRADING COMPANY

Registered Office :	# 287, Grandpas Road, Colombo 14

Country :	Sri Lanka

Date of Incorporation :	Not Available

Com. Reg. No.:	Not Available

Legal Form :	Partnership Company [In Operation]

Line of Business :	Trader and Exporter of Rubber.

No. of Employees :	15

RATING & COMMENTS

MIRA’s Rating :

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

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	:	RATRA TRADING COMPANY
b.	Legal Form & Status	:	Partnership Company (In Operation)
c.	Managing Partner	:	Abdul Cader
d.	Primary Line of Business	:	Trader and Exporter of Rubber.
e.	Office & Place of Business	:	# 287, Grandpas Road, Colombo 14. Sri Lanka. Tel. No: (00 94 11) 232 2268 Mobile: (00 94 77) 386 0088 (Mr. Cader E-mail: ratra@sltnet.lk
f.	No. of Employees	:	15

COMPANY DETAILS - Registration and Shareholder Details

a.	Registration No		:	Not disclosed
b.	Date of Registration		:	Not disclosed
c.	Registered Office		:	#287, Grandpas Road, Colombo 14. Sri Lanka.
d.	Partners		:	Abdul Cader	Managing Partner
				Hijaz Sabir	Partner
				Ahmed Sabir	Partner
e.	Auditors	:		-Not Disclosed-
f.	Bankers		:	-Not Disclosed-
g.	Exports		:	Products: Rubbers Country: China, India, Malaysia and Pakistan
h.	Imports		:	Products: Rubber Country: Vietnam

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

CURRENT INVESTIGATION

· History.

The Subject Company RATRA TRADING COMPANY is Partnership Company, in operation since recently as Mr. Cader has revealed. He did not elaborate.

The owner of the Subject Company, Mr Cader provided limited details and declined further details without knowing the end user of the report, in spite of several requests

Note: The Proprietorship/Partnership Companies are registered at the Provincial Registrar of

Companies (Colombo) and as the management declined to provide registration details it is not possible to trace company details at the Registrar’s office since the are not in orderly manner.

· Location.

The Subject Company is located at the client #287, Grandpass Road,

Colombo 14, Sri Lanka, one of the prominent business areas in the Colombo city.

· Operations Details.

General

The subject company primary line of business is export and Suppliers of rubber products

Products

Sheet rubber, Crepe rubber.

Exporting Countries

China

Employees

Not stated.

· General Comments

The subject company when contacted provided limited information to prepare this report and declined to disclose any financial or operational information.

· 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 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.

INFORMATION PARTED BY [GENERAL DETAILS]

Name :	Mr. Abdul Cader
Designation :	Managing Partner
Contact No.:	009477 3860088
Date :	25.05.2015

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.85
UK Pound	1	Rs.98.38
Euro	1	Rs.69.64

INFORMATION DETAILS

Information Gathered by :	PPT / JML

Analysis Done by :	RAS

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
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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