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MIRA INFORM REPORT
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Report No. : |
484117 |
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Report Date : |
06.01.2018 |
IDENTIFICATION DETAILS
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Name : |
ANNURA DIESEL HOUSE |
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Registered Office : |
# 09,
Jethawana Mawatha, Colombo 14 |
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Country : |
Sri Lanka |
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Year of Establishment : |
1977 |
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Legal Form : |
Proprietorship Company (In Operation) |
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Line of Business : |
Importers and
Distributors of Automotive Products. |
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No. of Employees : |
20
Approximately |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Sri Lanka
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A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 about 77% 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.
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Source
: CIA |
Company
Profile
BASIC INFORMATION
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a. |
Name of Subject of Inquiry |
ANNURA DIESEL HOUSE |
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b. |
Legal Form & Status |
Proprietorship Company (In
Operation) |
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c. |
Proprietor |
Mr K A Anura Sarath Kumara |
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d. |
Primary Line of Business |
Importers and Distributors
of Automotive Products |
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e. |
Principal Place of
Business |
# 09, Jethawana Mawatha,
Colombo 14 Sri Lanka. Tel. No: (00 94 11) 2478134
/ 2478135/2421889/2330161/2330162 Fax. No: (00 94 11) 2459416 E-Mail:
info@anura-group.com /an.kumara2012@gmail.com Web Site:
www.anura-group.lk |
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f. |
Employees |
20 Approximately |
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a. |
Registration No |
Refused to Provide |
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Date of Registration |
1977 |
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b. |
Re-registration No |
NA |
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Date of Re-registration |
NA |
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c. |
Registered Office |
# 09, Jethawana Mawatha,
Colombo 14, Sri Lanka |
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d. |
Director Board / Ownership
As At 02.01.2018 |
K A Anura Sarath Kumara |
Proprietor |
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e. |
Sated Share Capital |
NA |
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f. |
No. of Shares |
NA |
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g. |
Preferential Shares |
NA |
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h. |
Nominal Value of Share |
NA |
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i. |
Auditors |
NA |
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j. |
Company Secretaries |
NA |
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k. |
Main Bank/s |
NA |
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Shareholders
– NA
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NO. |
NAME |
NUMBER OF SHARES |
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1. |
- |
- |
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2. |
- |
- |
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3. |
- |
- |
FINANCIAL DETAILS
- Most recent available Financial Information
NA
CURRENT INVESTIGATION
Company Logo
•
History.
The subject company was initially formed under the Companies Act
for SME sector business registrations under the Provincial Councils of Sri
Lanka. The company has declined to provide registration details.
Caption
Anura
Group of Companies is the leading importer and distributor of motor spare parts
in Sri Lanka. Our company currently imports a large variety of individual items
of different brands to cater to various market segments and consumer groups,
making us the leader in the automotive after-market.
The
company was founded in 1977 by Mr. Anura Sarath Kumara, who was in his teenage
years, foreseeing the future of the automotive spare parts industry in Sri
Lanka. Since 1977 the company has grown into a well-established group of
companies with over 2000 Dealers Island wide. The company's international
suppliers span across 15 countries providing world class automotive brands.
Our
highly experienced staff, sales team and senior management is focused on
continuous improvement bearing in mind the high quality of products, reasonable
pricing, and prompt delivery which has
enabled us to create a competitive edge in the spare parts market in Sri Lanka.
Our success has depended upon the value creation of items for
customers, new product introductions to suit changing customer needs, the
logistics and distribution network, our human resources and the professional
management team.
· Operational Details
General
The
subject company is a reputed organization which is into importing and
distributing of Vehicle Parts, Machinery and Tires. The company has a dealer network
all around the Island and is a old company with a good reputation. However the
company is registered via the Provincial Council of the Western Province and is
a Sole Proprietorship company, hence we cannot offer a credit rating for the
company.
Products & Services
Service Parts
Engine Parts
Break, Clutch & Gearbox
Parts
Electrical and Electronic
Parts
Automotive Tyres
Light Vehicle Parts
Two and Three Wheeler parts
Heavy Vehicle and Machinery
parts
Employees
20 Approximately
Export Countries
NA
Import Countries
India, China, UK, France,
Singapore, Taiwan, Malaysia, Indonesia, USA etc.
Associate / Subsidiary
Companies
ANURA AUTO HOUSE 25,
PANCHIKAWATTE ROAD, COLOMBO- 10 ANURA AUTO SPARES (PVT) LTD 203, PANCHIKAWATTE
ROAD, COLOMBO-10 ANURA AUTO PARTS CENTRE (PVT) LTD 120, PANCHIKAWATTE ROAD,
COLOMBO-10 ANURA TRADING HOUSE 09, JETHAWANA MAWATHA, COLOMBO 10
Factory / Warehouse and
Sales Outlets
Owned
Information
declined
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Name : |
Not Divulged |
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Designation : |
Receptionist |
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Contact No.: |
009411-2478134 |
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Name : |
Mr. Ajit |
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Designation : |
Chief Finance Officer |
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Contact No.: |
009411-2478134 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.38 |
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1 |
INR 86.02 |
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Euro |
1 |
INR 76.50 |
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LKR |
1 |
INR 0.41 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Information
Gathered by : |
PNM |
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Analysis Done by
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VAR |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.