3decades

MIRA INFORM REPORT

Report No. :	490265
Report Date :	08.02.2018

IDENTIFICATION DETAILS

Name :	S V J TRADERS

Registered Office :	# 176, 4/1, ST. James Street, Colombo 15

Country :	Sri Lanka

Date of Incorporation :	24.07.2016

Com. Reg. No.:	W A 206194

Legal Form :	Proprietorship Company (In Operation)

Line of Business :	Importer and Distributors of Agro Commodities Food Items.

No. of Employees :	Approximately 50

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Medium Risk

Business dealings permissible on a regular monitoring basis

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

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Sri Lanka

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

SRI LANKA - ECONOMIC OVERVIEW

Sri Lanka is attempting to sustain economic growth while maintaining macroeconomic stability under an IMF program. The government's high debt payments and bloated civil service cadre, which have contributed to historically high budget deficits and low tax revenues, remain a concern. Government debt is almost 80% of GDP and remains among the highest of the emerging markets.

The new government in 2015 drastically increased wages for public sector employees, which boosted demand for consumer goods but hurt the overall balance of payments and reduced foreign exchange reserves.

Tourism has experienced strong growth during recent years following the resolution of the government's 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.

Source : CIA

Company Profile

BASIC INFORMATION

a.	Name of Subject of Inquiry	S V J TRADERS
b.	Legal Form & Status	Proprietorship Company (In Operation)
c.	Managing Director	Mr K Yuhanandan
d.	Primary Line of Business	Importer and distributors of Agro commodities food items
e.	Principal Place of Business	# 176, 4/1, ST. JAMES STREET, COLOMBO 15- Correspondence address 187/2 5^th cross street, Colombo 05,sri Lanka - Business place Sri Lanka. Tel. No: (00 94 11) Office 2424063 / Shan 0773577933 0773490451 Manager-Mohan Raj 0772074750 Accountant -Anton Kurus Fax. No: (00 94 11) 2424062 E-Mail: svitraders176@gmail.com Web Site: NA
f.	Employees	Approximately 50

Company Details

a.	Registration No	W A 206194
	Date of Registration	2016 JULY 24
b.	Re-registration No	NA
	Date of Re-registration	NA
c.	Registered Office	# 176, 4/1, ST. JAMES STREET, COLOMBO 15, SRI LANKA
d.	Director Board / Ownership As At 06.02.2018	Mr K Yuhanandan	Proprietor
e.	Sated Share Capital	NA
f.	No. of Shares	NA
g.	Preferential Shares	NA
h.	Nominal Value of Share	NA
i.	Auditors	NA
j.	Company Secretaries	NA
k.	Main Bank/s	Nations Trust bank PLC, Sampath Bank PLC, Hatton National Bank PLC

Shareholders

NO.	NAME	NUMBER OF SHARES
1.	-	-
2.	-	-
3.	-	-

FINANCIAL DETAILS

- Most recent available Financial Information

CURRENT INVESTIGATION

Company Logo

· HISTORY

The subject company was initially formed on 24^th July 2016 under W A 206194 under the Companies Act of Sri Lanka under the Western Provincial Council as per the Provincial Councils Act for SME sector Business Registrations.

· OPERATIONAL DETAILS

General

The subject company a sole proprietorship company is into import and wholesale distribution of Agro Based items and Food products. The company is a average operation in the sector and since it's a sole proprietorship we are unable to offer any credit rating etc..

Products & Services

Food Items & Agro Commodities

Employees

50 Approximately

Export Countries

Import Countries

INDIA, AUSTRALIA, MYANMAR

Associate / Subsidiary Companies

Factory / Warehouse and Sales Outlets

Owned

Information declined

MANAGEMENT NON CO-OPERATIVE

(00 94 11) 2424063

(0094-0773577933) - Not in Service

(0094-0772074750) - Ringing

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.14
UK Pound	1	INR 89.50
Euro	1	INR 79.43
LKR	1	INR 0.41

Note: Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Information Gathered by :	KMN

Analysis Done by :	VAR

Report Prepared by :	NIT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.