3decades

MIRA INFORM REPORT

Report No. :	484572
Report Date :	18.01.2018

IDENTIFICATION DETAILS

Name :	MAX BPC HOLDINGS (PRIVATE) LIMITED

Registered Office :	Kelanimulla Road, Wallawwatta, Pahala Narangamuwa, Giriulla

Country :	Sri Lanka

Date of Incorporation :	15.03.2011

Com. Reg. No.:	PV 77763

Legal Form :	Private, Limited Liability Company (In Operation)

Line of Business :	Importers and Suppliers of Feed Additives

No. of Employees :	10+ Approximately

RATING & COMMENTS

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

MIRA’s Rating :

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

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

Company Profile

Basic Information

Name of Subject of Inquiry	MAX BPC HOLDINGS (PRIVATE) LIMITED
Legal Form & Status	Private, Limited Liability Company (In Operation)
Managing Director	Mr Bhagya Egodage
Primary Line of Business	Importers and Suppliers of Feed Additives
Principal Place of Business	# MADAMPE ROAD, PALLEWELLA, 60250 UDUBADDAWA, Sri Lanka. E-mail : info@maxbpcholding.com Registered Address : Walawwatta,Pahala Narangamuwa,Giriulla, Giriulla, Kurunegala. Tel. No: (00 94 76) 8212020 Fax. No: (00 94 11) NA Web Site: NA
Employees	10+ Approximately

Company Details

Registration No	PV 77763
Date of Registration	15^th March 2011
Re-registration No	NA
Date of Re-registration	NA
Registered Office	Kelanimulla Road, Wallawwatta, Pahala Narangamuwa, Giriulla, Sri Lanka.
Director Board / Ownership As At 06th November 2017	Bhagya Egodage	Director
	Ekanayake Mudiyanselage Chandra Ekanayake	Director
Sated Share Capital	LKR 4,000,030.00
No. of Shares	400,003
Preferential Shares	NA
Nominal Value of Share	NA
Auditors	P L C Peiris Associates Chartered Accountants # 705, Galled Road, Idama, Moratuwa, Sri Lanka.
Company Secretaries	HPN Secretarial Services (Pvt) Ltd # 22/2, Pepiliyana Road, Gangodawila, Nugegoda, Sri Lanka.
Main Bank/s	NA

Shareholders

NO.	NAME	NUMBER OF SHARES
1.	Bhagya Egodage	200,002
2.	Ekanayake Mudiyanselage Chandra Ekanayake	200,001

FINANCIAL DETAILS

Most recent available Financial Information

CURRENT INVESTIGATION

Company Logo

• History.

The subject company was initially formed on 15^th March 2011 under PV 77763 under the Companies Act No 7, of 2007 as per the mandatory regulations of Sri Lanka.

• Operational Details.

General

The subject company is into Trading of Animal Feed Additives, mainly into Poultry Feed Additives. The company supplies main animal feed production houses in the Island. The company owners however has refused to provide any details of its operations.

Poultry Feed

10+ Approximately

China

Associate / Subsidiary Companies

Factory / Warehouse and Sales Outlets

Owned

Personal Details of Key Persons

Director 1

ITEM	DETAIL
Name	Bhagya Egodage
ID Number	842230845V
Nationality	Sri Lankan
Gender	Male
Date of Birth	10^th August 1984
Age	33 Years
Address	# 24, Diyakadahena Road, Udahamulla, Nugegoda, Sri Lanka.

Director 2

ITEM	DETAIL
Name	Ekanayake Mudiyanselage Chandra Ekanayake
ID Number	782894056V
Nationality	Sri Lankan
Gender	Male
Date of Birth	15^th October 1978
Age	39 Years
Address	Thakshila, Ethpanthiya, Giriulla, Sri Lanka.

INFORMATION DENIED

Management non co-operative [(0 94 76) 8212020]

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.98
UK Pound	1	INR 88.13
Euro	1	INR 78.35
LKR	1	INR 0.41

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

INFORMATION DETAILS

Information Gathered by :	GYT

Analysis Done by :	VAR

Report Prepared by :	SYL

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.