MIRA INFORM REPORT

 

 

Report No. :

491038

Report Date :

13.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

ZILLIONE TECHNOLOGIES (PRIVATE) LIMITED

 

 

Registered Office :

No 03, Mary's Road, Colomo 04

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

18.03.2008

 

 

Com. Reg. No.:

PV 63495

 

 

Legal Form :

Private Limited Liability Company (In Operation)

 

 

Line of Business :

Service provide in the IT sector for corporate and individuals.

 

 

No. of Employees :

50 in Company and in Group 100

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

 

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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

A2

A2

 

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

ZILLIONE TECHNOLOGIES (PRIVATE) LIMITED

b.

Legal Form & Status

Private Limited Liability Company (In Operation)

c.

Chairman

Mr Tharmarajah Suresh

d.

Primary Line of Business

Service provide in the IT sector for corporate and individuals

e.

Principal Place of Business

No 03, Mary's Road, Colomo 04

Sri Lanka.

Tel. No: (00 94 11) 5569999 / 4515350 Fax. No: (00 94 11) 2588670 E-Mail: info@zillione.com Web Site: http://www.zillione.com/

f.

Employees

50 in Company and in Group 100

 

 

Company Details

 

a.

Registration No

PV 63495

 

 

Date of Registration

18th March 2008

b.

Re-registration No

NA

 

 

Date of Re-registration

NA

c.

Registered Office

No 03, Mary's Road, Colomo 04, Sri Lanka.

d.

Board of Directors As At 14.10.2017

Tharmarajah Suresh

Director

 

 

 

 

Sivanankai Suresh

Director

 

 

 

 

Gorakanage Kanchana Ramesh Silva

Director

e.

Issued Share Capital

Class 'A' Ordinary

Class 'B'

 

 

 

 

LKR 10,999,990.00

LKR 1,222,240

f.

No. of Shares

1,099,999

122,224

g.

Preferential Shares

NA

h.

Nominal Value of Share

LKR 10.00

i.

Auditors

Ernst & Young Chartered Accountants

# 201, De Saram Place, Colombo 10, Sri Lanka.

j.

Company Secretaries

A & A Associates (Pvt) Ltd, No 94/12, Kirulapone Avenue, Colombo 05, Sri Lanka

k.

Main Bank/s

Sampath Bank PLC, Hatton National Bank, Seylan Bank

 

 

 

Shareholders as at 14/10/2017

 

NO.

NAME

 

NUMBER OF SHARES

1.

Tharmarajah Suresh

05

2.

Sivanankai Suresh

05

3.

Zillione Holdings (Pvt) Ltd

1,099,993

4.

Gorakanage Kanchana Ramesh Silva

122,220

 

 

FINANCIAL DETAILS     

- Most recent available Financial Information

 

NA

 

 

CURRENT INVESTIGATION

 

 

Company Logo

 

·         HISTORY.

 

The subject company was formed on 18th March 2008 under PV 63495 under the Companies Act No 07 of Sri Lanka introduced in 2007. The company is a fully owned subsidiary of the well-recognized Zillione Group in Sri Lanka.

 

 

·         OPERATIONAL DETAILS

 

General

Zillione Technologies (Pvt) Ltd is a company providing services in the IT field, specializing in the areas of providing Business application solutions, ERP, HRM, CRM, Systems Infrastructure, Software Development, Training, Customization, Systems Integration and support for corporate sector customers. The company is a Microsoft Gold Certified Partner & SAGE Premier Solution Provider.

 

Products & Solutions

ERP

-Sage 300 ERP

 

CRM

-Sage CRM

-Microsoft Dynamics Enterprise CRM -NETSUITE Cloud CRM

 

HRM

-PAYPAC-Payroll Management -Time & Attendance -Self Service Portal

 

Business Intelligence Industry Specific

 

Process Automation

-Retail Sales Management -Workflow Solutions -Cash Management

 

Software Development

-Customized Developments

 

IT Infrastructure

-Server Consolidation -Virtualization

-Managed Desktop Deployment

 

Enterprise Security

-Messaging Security

-Hosted Email & Hosted Web Security

-Data Security

-Identity & Access Management

 

Software Licensing

-Software Assets Management

 

Business Continuity & Disaster Recovery Solutions

-Storage Virtualization Solutions -Network Attached Storage Solutions -Storage Area Network Solutions -Direct Attaced Storage solutions -Disaster Recovery Solutions

-Server Consolidation Solutions

-Business Continuity Solutions

-CCTV Solutions, Networking & Video Conference

 

Employees

100+ Employees Approximately over the Zillione Group

 

Export Countries

India, Maldives, Bangladesh, Madagascar, Zambia, Seychelles, Fiji, Tonga, Micronesia, South Asia, Africa, Middle East

 

Associate Companies

ZILLIONe Business Solutions (Pvt) Ltd ZILLIONe Technologies (Pvt) Ltd ZILLIONe Solutions South India (Pvt) Ltd ZILLIONe Solutions Maldives (Pvt) Ltd

 

Branch offices overseas MALDIVES

ZILLIONe Solutions Maldives (Pvt) Ltd.

502, Ma. Florifer, Champa Magu, Male, Maldives.

 

T:+960 986 3112

+960 300 6696

 

F:+960 300 6695

 

Business Location

Owned

 

 

Personal Details of Key Persons

 

Director 1

 

ITEM

DETAIL

Name

Tharmaraj Suresh

ID Number

582700419V

Nationality

Sri Lankan

Gender

Male

Date of Birth

26th September 1958

Age

59 Years

Address

20/6A, De Soysa Place off Templers Road, Mount Lavinia, Sri Lanka

Director 2

 

ITEM

DETAIL

Name

Sivanankai Suresh

ID Number

667471621V

Nationality

Sri Lankan

Gender

Female

Date of Birth

03rd September 1966

Age

51 Years

Address

20/6A, De Soysa Place off Templers Road, Mount Lavinia, Sri Lanka

Director 3

 

ITEM

DETAIL

Name

Gorakanage Kanchana Ramesh Silva

ID Number

742461297V

Nationality

Sri Lankan

Gender

Male

Date of Birth

02nd September 1974

Age

43 Years

Address

No 93, Ganemulla Road, Weligampitiya, Ja-Ela, Sri Lanka

 

 

Information Declined

 

MANAGEMENT NON CO-OPERATIVE

 

Contact No.: (00 94 11) 5569999

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.28

UK Pound

1

INR 89.02

Euro

1

INR 78.93

LKR

1

INR 0.41

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

 

 

INFORMATION DETAILS

 

Information Gathered by :

PNM

 

 

Analysis Done by :

PRI

 

 

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)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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