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MIRA INFORM REPORT
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Report No. : |
485715 |
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Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
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Name : |
MEDEX HOLDINGS (PVT) LTD |
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Registered Office : |
# 07, Dickman's Road, Colombo 05 |
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Country : |
Sri Lanka |
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Date of Incorporation : |
22.06.2005 |
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Com. Reg. No.: |
PV 12127 |
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Legal Form : |
Private,
Limited Liability Company (In Operation) |
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Line of Business : |
Exporters and Suppliers
of Medical and Home Equipment. |
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No. of Employees : |
25
Approximately |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring 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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Sri Lanka |
A2 |
A2 |
|
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 |
MEDEX HOLDINGS (PVT) LTD |
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b. |
Legal Form & Status |
Private, Limited Liability
Company (In Operation) |
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c. |
Managing Director |
Mr Shehan Dayan Mario
Navamani |
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d. |
Primary Line of Business |
Exporters and Suppliers of
Medical and Home Equipment |
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e. |
Principal Place of
Business |
# 07, Dickman's Road,
Colombo 05 Sri Lanka. Tel. No: (00 94 11)
4853500/ +94777561869 Fax. No: (00 94 11)
2590557 E-Mail: sales@medex.com.lk Web Site: http://medexengineering.yolasite.com/ |
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f. |
Employees |
25 Approximately |
Company Details
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a. |
Registration No |
N(PVS) 42059 |
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Date of Registration |
22nd June 2005 |
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b. |
Re-registration No |
PV 12127 |
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Date of Re-registration |
05th March 2009 |
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c. |
Registered Office |
# 07, Dickman's Road,
Colombo 05, Sri Lanka. |
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d. |
Director Board / Ownership
As At 14th October 2017 |
Shehan Dayan Mario
Navamani |
Director |
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Mary Rose Navamani |
Director |
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Mary Louis Autoinette De
Vallieve |
Director |
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e. |
Sated Share Capital |
LKR 1,000,000.00 |
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f. |
No. of Shares |
100,000 |
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g. |
Preferential Shares |
NA |
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h. |
Nominal Value of Share |
LKR 10.00 |
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i. |
Auditors |
Leuil Arsekularatne &
Company # 8/67, Siddartha Path,
Kirulapone, Colombo 05, Sri Lanka. |
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j. |
Company Secretaries |
Shyamala Ratnasabapathy # 15, Kaldamulla Road,
Moratuwa, Sri Lanka. |
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k. |
Main Bank/s |
Seylan Bank PLC |
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Shareholders
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NO. |
NAME |
NUMBER
OF SHARES |
|
1. |
Shehan Dayan Mario Navamani |
60,000 |
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2. |
Mary Louis Autoinette De |
40,000 |
FINANCIAL
DETAILS
- Most recent available
Financial Information
NA
CURRENT
INVESTIGATION
%20LTD%20-%20485715%2016-Jan-2018_files/image013.jpg)
Company Logo
•
HISTORY.
The
subject company was initially formed on 22nd
June 2005 under N(PVS) 42059 under
the Companies Act of Sri Lanka. The subject company was subsequently Re-registered
on 05th March 2009 under PV
12127 under the Companies Act No
7, of 2007 as per the mandatory regulations of Sri Lanka.
·
OPERATIONAL DETAILS
General
The
subject company is mainly into exporting and supplying of medical grade
equipment used for hospitals, Physiotherapy units,
dispensaries etc. as well as home care
equipment such as baby carriers, weighing scales etc... The company is a
established unit in Sri Lanka supplying many locations.
Products & Services
Hospital Medical equipment
Physiotherapy equipment Homecare equipment Labrotary testing equipment
Employees
25+ Approximately
Export Countries
NA
Import Countries
Italy, China, South Korea,
Taiwan, Belgium, United Kingdom
Associate / Subsidiary
Companies
NA
Factory / Warehouse and Sales
Outlets
NA
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Director 1 |
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|
ITEM |
DETAIL |
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Name |
Shehan Dayan Mario
Navamani |
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ID Number |
671571029V |
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Nationality |
Sri Lankan |
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Gender |
Male |
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Date of Birth |
05th June 1967 |
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Age |
50 |
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Address |
# 106, Pirivena Road,
Rathmalana, Sri Lanka. |
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Director
2 |
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|
ITEM |
DETAIL |
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Name |
Mary Rose Navamani |
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ID Number |
398281039V |
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Nationality |
Sri Lankan |
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Gender |
Female |
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Date of Birth |
23rd November
1939 |
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Age |
79 |
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Address |
# 21 A, St Sylvestered
Road, Rathmalana, Sri Lanka. |
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Director
3 |
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|
ITEM |
DETAIL |
|
Name |
Mary Louis Autoinette De
Vallieve |
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ID Number |
79614158V |
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Nationality |
Sri Lankan |
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Gender |
Female |
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Date of Birth |
NA |
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Age |
NA |
|
Address |
# 106, Pirivena Road,
Rathmalana, Sri Lanka. |
Information declined
MANAGEMENT NON CO-OPERATIVE
(09411) 4853500
094777561869 Not
Working
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.41 |
|
|
1 |
INR 87.18 |
|
Euro |
1 |
INR 77.45 |
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LKR |
1 |
INR 0.42 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Information
Gathered by : |
KMN |
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Analysis Done by
: |
PRI |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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
·
Promoters
/ Management background
·
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.