MIRA INFORM REPORT

Report No. :	484825
Report Date :	13.01.2018

IDENTIFICATION DETAILS

Name :	K S TRADING (PVT) LTD
Registered Office :	# 494/1, Nawala Road, Rajagiriya
Country :	Sri Lanka
Date of Incorporation :	27.04.1998
Com. Reg. No.:	PV 8983
Legal Form :	Private, Limited Liability Company
Line of Business :	Importers and Suppliers of Air-conditioning Equipment
No. of Employees :	Approximately 50 staff & subcontracted - 150

RATING & COMMENTS

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

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	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	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 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.

Source : CIA

Basic Information

a.	Name of Subject of Inquiry	K S TRADING (PVT) LTD
b.	Legal Form & Status	Private, Limited Liability Company (In Operation)
c.	Managing Director	Sirisoma Yodasingha Pathiranage
d.	Primary Line of Business	Importers and Suppliers of Air-conditioning Equipment
e.	Principal Place of Business	# 494/1, Nawala Road, Rajagiriya Sri Lanka. Tel. No: (00 94 11) 2887134, 0112887135 - Sanjeewa Rathnayaka Fax. No: (00 94 11) 4547615 E-Mail: ksteng@slt.lk, kstrade@slt.lk Web Site: www.kstrading.lk
f.	Employees	Approximately 50 staff & subcontracted - 150

Company Details

a.	Registration No	N(PVS)21121
	Date of Registration	27^th April 1998
b.	Re-registration No	PV 8983
	Date of Re-registration	05^th November 2008
c.	Registered Office	# 494/1, Nawala Road, Rajagiriya, Sri Lanka.
	Director Board / Ownership As At 03^rd January 2016	Sirisoma Yodasingha Pathiranage	Director
d.		Herath Mudiyanselage Swarnalatha Herath	Director
		Yapa Bandara Yodasinghe Pathiranage Ridma	Director
		Ratnayake Mudiyanselage Sanjeewa Arunashantha	Director
e.	Sated Share Capital	LKR 1,000,020.00
f.	No. of Shares	100,002
g.	Preferential Shares	NA
h.	Nominal Value of Share	LKR 10.00
i.	Auditors	T G Kandamby & Company # 69, Old Road, Nawala, Rajagiriya, Sri Lanka.
j.	Company Secretaries	Kandamby Tanchira Goonaratne # 69, Old Road, Nawala, Rajagiriya, Sri Lanka.
k.	Main Bank/s	Bank of Ceylon, Sampath Bank PLC, National Development Bank

Shareholders

NO.	NAME	NUMBER OF SHARES
1.	Sirisoma Yodasingha Pathiranage	55,002
2.	Herath Mudiyanselage Swarnalatha Herath	25,000
3.	Yapa Bandara Yodasinghe Pathiranage Ridma	20,000

FINANCIAL DETAILS

Most recent available Financial Information

NA

CURRENT INVESTIGATION

Company Logo

· History.

The subject company was initially formed on 27^th April 1998 under N(PVS) 21121 under the Companies Act of Sri Lanka. The subject company was subsequently Re-registered on 05^th November 2008 under PV 8983 under the Companies Act No 7, of 2007 as per the mandatory regulations of Sri Lanka.

· Operational Details.

General

K.S Trading (Pvt) Ltd established its Engineering Division (KASE) in April 1998, in order to recognize the need of professional services in the Building Services sector. Since it's inception, the company has steadily progressed over the past years having undertaken and successfully completing several prestigious projects, within the estimated time and budgets.

The commitment to professionalism, quality and reliability has drawn many accolades from local and overseas customers & consultants and has enabled KASE to emerge as a leader in the Building Services sector in Sri Lanka and Maldives.

KASE is able to provide the complete range of skills required for projects entirely from its in-house resources. However, where appropriate, we are often called to work as part of a team of client selected professionals. KASE offers a team approach and has the technical knowledge of the field, the experience and funds which are necessary to implement the requirements of a project in a superior manner and to offer the clients cost-efficient solutions.

Products & Services

Ac equipment and Accessories

Employees

Approximately 50 staff & subcontracted – 150

Export Countries

NA

Import Countries

China, India, Italy, USA, Jordan, Taiwan, Malaysia

Associate / Subsidiary Companies

Kase engineering Build serve (Pvt) Ltd

Factory / Warehouse and Sales Outlets

Owned

Personal Details of Key Persons

Director 1

ITEM	DETAIL
Name	Sirisoma Yodasingha Pathiranage
ID Number	450891002V
Nationality	Sri Lankan
Gender	Male
Date of Birth	29^th March 1945
Age	72 Years
Address	# 1/37, Weediya Bandara Mawatha, Ethul Kotte, Sri Lanka.
Director 2
ITEM	DETAIL
Name	Herath Mudiyanselage Swarnalatha Herath
ID Number	583483390V
Nationality	Sri Lankan
Gender	Male
Date of Birth	13^th December 1958
Age	59 Years
Address	# 1/37, Weediya Bandara Mawatha, Ethul Kotte, Sri Lanka.
Director 3
ITEM	DETAIL
Name	Yapa Bandara Yodasinghe Pathiranage Ridma
ID Number	803384029V
Nationality	Sri Lanka
Gender	Male
Date of Birth	03^rd December 1980
Age	37 Years
Address	# 1/37, Weediya Bandara Mawatha, Ethul Kotte, Sri Lanka.

Director 4

ITEM	DETAIL
Name	Ratnayake Mudiyanselage Sanjeewa Arunashantha
ID Number	811281298V
Nationality	Sri Lankan
Gender	Male
Date of Birth	07^th May 1981
Age	36 Years
Address	# 289/10/02, Lake Road, Malabe, Sri Lanka.

INFORMATION DENIED BY

Name :	Sanjeewa Rathnayaka
Designation :	Director
Contact No.:	(00 94 11) 2887134, 0112887135
Date :	12.01.2018

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.53
UK Pound	1	INR 86.05
Euro	1	INR 76.53
LKR	1	INR 0.42

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

INFORMATION DETAILS

Information Gathered by :	KAM
Analysis Done by :	NIY
Report Prepared by :	TRU

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.