3decades

MIRA INFORM REPORT

Report No. :	486622
Report Date :	22.01.2018

IDENTIFICATION DETAILS

Name :	S R METALS

Registered Office :	# 321, Dam Street, Colombo 12

Country :	Sri Lanka

Date of Incorporation :	09.10.1991

Com. Reg. No.:	W16129

Legal Form :	Proprietorship , Company

Line of Business :	Manufacturers and Exporters of Coper and aluminum products

No. of Employees :	50

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 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	S R METALS
b.	Legal Form & Status	Proprietorship , Company (In Operation)
c.	Managing Director	Mr S F Robinson
d.	Primary Line of Business	Manufacturers and Exporters of Coper and aluminum products
		# 321, DAM STREET, COLOMBO 12
		# 61/1, Canal view, Kadalawala Road, Uswetakeyiyawa, Bopitiya
e.	Principal Place of Business	Sri Lanka. Tel. No: (00 94 11) 2332185/ 2341584/ 2421373 Fax. No: (00 94 11) 2454627 E-Mail: robin@eureka.lk Web Site: NA
f.	Employees	Approximately 50

Company Details

	Registration No	W16129
	Date of Registration	1991/10/09
b.	Re-registration No	NA
b.	Date of Re-registration	NA
c.	Registered Office	# 321, DAM STREET, COLOMBO 12, SRI LANKA
	Director Board / Ownership As At	S F Robinson	Proprietor
	Director Board / Ownership As At
d.	19.01.2018

e.	Sated Share Capital	NA
f.	No. of Shares	NA
g.	Preferential Shares	NA
h.	Nominal Value of Share	NA
i.	Auditors	A b Associates
j.	Company Secretaries	NA
k.	Main Bank/s	Commercial Bank of Ceylon / Bank of Ceylon

Shareholders

- NA

FINANCIAL DETAILS

- Most recent available Financial Information

CURRENT INVESTIGATION

Company Logo

· History.

The subject company was initially formed on 1991 October 09th under W16129 under the Companies Act for SME sector registrations via the Provincial Councils of Sri Lanka. In this instance the registration is done via the Western Provincial Council of Sri Lanka.

· Operational Details.

General

The subject company is a sole proprietorship company into exporting of Aluminum and Copper related products. The company staff have been very helpful in providing the required information on the company as the company does not have much web presence.

Products & Services

Aluminum and Copper Products

Employees

50 Approximately

Export Countries

India

Import Countries

Associate / Subsidiary Companies

Factory / Warehouse and Sales Outlets

Owned

INFORMATION DENIED

Name :	S F Robinson
Designation :	Proprietor
Contact No.:	00 94 11- 2332185
Date :	22.01.2018

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.72
UK Pound	1	INR 88.64
Euro	1	INR 78.14
LKR	1	INR 0.41

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

INFORMATION DETAILS

Information Gathered by :	SHA

Analysis Done by :	VAR

Report Prepared by :	KET

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.