MIRA INFORM REPORT

Report No. :	513634
Report Date :	25.06.2018

IDENTIFICATION DETAILS

Name :	PREMIUM INTERNATIONAL PRIVATE LIMITED
Registered Office :	161, Danister De Silva Mawatha, 09 Colombo
Country :	Sri Lanka
Date of Incorporation :	01.01.2003
Com. Reg. No.:	NPVS34297
Legal Form :	Limited Company
Line of Business :	The Company is a Wholesalers of Medical Equipment.
No. of Employees :	200 [2017]

RATING & COMMENTS

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

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	Slow but correct
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 (31.12.2017)	Current Rating (01.04.2018)
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 the IMF program it began in 2016. The government's high debt payments and bloated civil service, which have contributed to historically high budget deficits, remain a concern. Government debt is about 79% of GDP and remains among the highest of the emerging markets. In the coming years, Sri Lanka will need to balance its elevated debt repayment schedule with its need to maintain adequate foreign exchange reserves.

In May 2016, Sri Lanka regained its preferential trade status under the European Union’s Generalized System of Preferences Plus (GSP+), enabling many of its firms to export products, including its top export garments, tax free to the EU. In 2017, Parliament passed a new Inland Revenue Act in an effort to increase tax collection and broaden the tax base in response to recommendations made under its IMF program. In November 2017, the Financial Action Task Force on money laundering and terrorist financing listed Sri Lanka as non-compliant, but reported subsequently that Sri Lanka had made good progress in implementing an action plan to address deficiencies.

Tourism has experienced strong growth in the years since the resolution of the government's 26-year conflict with the Liberation Tigers of Tamil Eelam. In 2017, the government promulgated plans to transform the country into a knowledge-based, export-oriented Indian Ocean hub by 2025.

Source : CIA

Summary

Company name	PREMIUM INTERNATIONAL PRIVATE LIMITED
Operative address	161, Danister De Silva Mawatha 09 Colombo Sri Lanka
Status	Active

Legal form	Limited Company
Registration number	Trade register number: NPVS34297

Contact information

Company name	Premium International Private Limited
Operative address	161, Danister De Silva Mawatha 09 Colombo Sri Lanka
Correspondence address	161, Danister De Silva Mawatha 09 Colombo Sri Lanka

Telephone number	+94 112685785
Fax number	+94 112672777
Website	www.premium.lk

Registration

Registration number	Trade register number: NPVS34297
Status	Active
Establishment date	2003-01-01

Legal form

Limited company

Activities

NACE	4669: Wholesale of other machinery and equipment
Goal	The company is a Wholesalers of Medical Equipment. Operations and Branches: At the address, 161, Danister De Silva Mawatha, Colombo, Sri lanka, We Find Companies Headquaters.

Management

Management

Fullname: Mr Prasanth Kularatna Type: Individual Gender: Male Number of involvements: 2 Function: Director Level of responsibility: Member

Employees

Year	2017	2016	2015	2014	2013
Annual	200	200	200	200	200

Financial analysis

Trend	Can not be evaluated due to the lack of sufficient financial data
Profitability	Can not be evaluated
Solvability	Can not be evaluated
Liquidity	Sufficient
Show amount in	Euro

Financial statement

Remark annual account

There is no financial data published

Country information

Population	21.3 million
GDP per capita	3.789 USD
Country risk	Above average
Company risk	Average

Publications

Remarks

Status: Active Category: Large company Last year: 2017 Number of employees: 200 Number of shareholders: 0 Number of subsidiaries: 0 Number of branches: 0

INFORMATION DENIED BY

Name :	Mr. Kalinga
Designation :	Marketing Department
Contact No.:	94-11-2685785
Date :	25.06.2018

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.77
UK Pound	1	INR 89.95
Euro	1	INR 78.85
LKR	1	INR 0.43

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

INFORMATION DETAILS

Information Gathered by :	SPA
Analysis Done by :	NIY
Report Prepared by :	TPT

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.