受付番号号

9999999999〒107-8680
東京都港区南青山２－５－２０
Tel 03 (5775) 3000 (大代）＜社 外 極 秘＞海外企業信用調査報告書
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スリランカサンプルレポート
Sample

調査先商号◎

海外信用区分

A

B

厚い

Ｃ
信用程度

D

E

NR

薄い

評価不可

※ 「海外信用区分」は、各国の調査機関が採用している調査対象企業の信用状態に関する固有の評価について、各調査機関と協議のうえ、弊社独自の基準により５段階のＴＤＢ信用程度に推計した参考情報です。基礎となる
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与信判断の際には、各種情報と照らし合わせ、総合的に判断していただきますようお願いいたします。
※ 「海外信用区分」は、異なる国の企業間の単純な比較に用いることを想定したものではありません。
※ 詳しくはこちらをご参照ください。
http://www.tdb.co.jp/contact/faq15.html#Q9

ＴＤＢ報告書取扱い規定
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は、当該調査機関のもので、弊社の見解ではありません。また内容の正確性・完全性・または特定の目的についての適合性を保証するものではありませんので、海外報告書の記事内容および海外報告書の使用により発生した損害についても弊社は責任を負いません。
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XXXX Company Ltd

Sri Lanka

REPORT INFORMATION
Prepared By

YYYYYour Order/Ref.

201817984

Prepared For

Teikoku Databank Ltd

Type of Report

Level 2 - Standard Report

Requested For

XXXX Co. Ltd

Speed

Flash

Prepared On

XXXX Company Ltd

Supplied on

September 28, 2018

Inquired Address

ABCD, Colombo, Sri Lanka

XXXX COMPANY LTD
Previous Name(s)PQRS Company Ltd (Date of Name Change : 25-Apr-2012)

Regd./Business
Address
Phone
Email
WebsiteLocation
Status

ABCD, Colombo 4, Sri Lanka

Executive Summary
Report ID
Company Name
Company Status
Legal FormRegd./Formation Date
Incorporation No.
Previous Incorporation
No.
Previous
Regd./Formation Date
Previous Regd./Date
Of Change
No. of Employees
Business Activity
SIC Code(s)NACE Code(s)YYYY TTTTT JJJJJ LL+94 11 12345698
info@xxxx.com
www.xxxx.lk
Commercial
Owned

521498XXXX Company Ltd
ActiveLimited Company
12-Jul-1968

Financial Summary
LKR
xxxx 474
Stated Capital
LKR
xxxx 490
Net worth
LKR
xxxx 703 380
Turnover/Sales
LKR
xxxx 780
Profit After Tax
31-Mar-2018
FY Ended

PB 11XCPVS/PBS 19XX40
12-Jul-1968
26-Dec-2007
1000
Financial Institution
65239 - Financial intermediation not elsewhere classified
6499 - Other financial service activities, except insurance and pension funding n.e.c.

-1Private & Confidential© Copyright. All Rights Reserved

* We interviewed Mr. xxxxx Somasekara, Executive on 94-111236589. He has
shared the relevant company information with us.

Notes* The correct and complete inquired name and inquired address of the subject ismentioned above.

Credit Rating Guide

Credit Recommendation
Credit Rating
Credit Score
Credit Limit
Comments

CreditRatingA+

CreditScore
81 - 100

Explanation

USD 284000

A61 - 80

Moderate Risk

Recommendation is largely based on subject's
operation base, longevity and financial stateof affairs

B

40 - 60

Medium RiskC

21 - 39

Medium High Risk

D

1 - 20High Risk

NR--

No Rating

B

51

Low Risk

Capital Structure / OwnershipStated Capital

LKR xxxx 474

Shareholding Structure / Major Shareholder(s) (As per given below)
Name
Xxxx Colombo PLC

No. of Sharesxxx 728 977

Holding (%)
91.91

Xxxx Iongxxx 115 757

3.86

Xxxx Ltdxxx 000 000

2.21

Xxxx Corporation Ltd

xxx 073 583

1.15

Xxxx Holding Ltdxxx 863 278

0.23

Xxxx (Pvt) Ltd

xxx 187 544

0.18

Xxxx Kumarxxx 360 000

0.11

Xxxx (Pvt) Ltd

xxx 237 190

0.10

Xxxx (Ceylon)(Pvt) Ltd

xxx 237 190

0.10

Xxxx Muder

xxx 182 955

0.10

xxx 000

0.04

xxxx 474

100.00

Xxxx AtukoralaTOTALYYYY TTTTT JJJJJ LL-2Private & Confidential© Copyright. All Rights Reserved

Background of Shareholder(s)
1

2

3

4

5

6

7

8

9

10

11

Name
Address

Xxxx Colombo PLC

Name
Address

Xxxx Ltd

Name
Address

Xxxx (Pvt) Ltd

Name
Address

Xxxx (Pvt) Ltd

Name
Address

Xxxx Corporation Ltd

Name
Address

Xxxx Atukorala

Name
Address

Xxxx Kumar

Name
Address

Xxxx (Ceylon)(Pvt) Ltd

Name
Address

Xxxx Holding Ltd

Name
Address

Xxxx Muder

Name
Address

Xxxx Iong

YYYY TTTTT JJJJJ LL

No 64,Galle Road, Colombo 3

C/O Cim Fund Services Ltd,33,Edith Cavell Street Part Louis ,Maruritius

140,Vauxhall Street, Colombo 2

18/1,Lillie Street, Colombo 2

140,Vauxhall Street, Colombo 2

No 42/1,Horton Place, Colombo 7

121,Somerset House,12th Floor,61G,Off B Desai Road,Breach Candy,Mumbai
400026

140,Vauxhall Street, Colombo 2

P.O.Box CB 12751,Nassau,New Providence, Bhamas

68/1,Dawson Street, Colombo 2

ATP Blk3,Queens Road,No 3-165,Singapore 260003-3Private & Confidential© Copyright. All Rights ReservedDirectors / Principals
1

2

3

4

5

Name
Designation
Date of Appointment
Residential Address
Nationality
National ID/PassportNo

XXXX Lovell

Name
Designation
Date of Appointment
Residential Address
Nationality
National ID/PassportNo

XXXX Samaratunga

Name
Designation
Date of Appointment
Residential Address
Nationality
National ID/PassportNo

XXXX Atukorala

Name
Designation
Date of Appointment
Residential Address
Nationality
National ID/PassportNo

XXXX Ramachandra

Name
Designation
Date of Appointment
Residential Address
Nationality
National ID/PassportNo

XXXX Karunaratne

YYYY TTTTT JJJJJ LL

Director
01-Nov-2011
XXXX,Victoria,Australia
Australian
XXXXX

Director
01-Nov-2011
XXX, Maharagama
Sri Lankan
XXXX

Director
11-Jul-2012
XXX, Colombo 7
Sri Lankan
XXXX

Director
12-Mar-2014
XXX, Colombo 7
Sri Lankan
XXXX

Director
12-Mar-2014
XXX, Dehiwala
Sri Lankan
XXX-4Private & Confidential© Copyright. All Rights Reserved

6

7

8

Name
Designation
Date of Appointment
Residential Address
Nationality
National ID/Passport
No

XXX Wickramasinghe

Name
Designation
Date of Appointment
Residential Address
Nationality
National ID/PassportNo

XXXX Dewan

Name
Designation
Date of Appointment
Residential Address
Nationality
National ID/PassportNo

XXXX Thomas

Director
31-Dec-2014
XXXX, Colombo 5
Sri Lankan
XXX

Director
02-Nov-2015
XXXXX, Singapore 259335
Singaporean
XXX

Director
12-Jul-2017
XXXX, Alaska 99709,U.S.A
USA
XXXX

Business Operations
XXXX Company Limited was formerly known as YYYYY Co. Ltd. It was incorporated in 1961 and,
operated as a Finance and Real estate development company. In 2011, Xxxx Colombo acquired
majority stake in the company with a capital infusion of LKR 600Mn.
The company received a capital infusion of LKR 500 Mn from a private equity investor- xxxx II Ltd. As
in April 2018, XXXX and xxxx II Ltd hold about 73% (81% voting rights) and 12%(13% voting rights)
respectively in xxx. Initially, xxx was involved in real-estate development and financing. The company
still has some of its old loan portfolio, which is completely in the NPA category. Presently, the company
focuses on retail asset classes (vehicles loans/ leases/ hire purchase) and working capital finance.

Secretary

Name : XXXX (Pvt) Ltd
Address : XXXX, Colombo 8

Last Annual Returns
Date

2016

Imports FromNo Imports

YYYY TTTTT JJJJJ LL-5Private & Confidential© Copyright. All Rights Reserved

Exports To

No Exports

Payment Terms

Cash & Carry (Purchase)

Listing on Stock
Exchange

No

Previous Address
Address:
Date of Changes:

XXXXX Mawatha,Colombo 201-Apr-2013

Affiliates/Associates

Parent Company
Name
Holding (%)

ABC Colombo PLC
91.91

BankerName

ABC Colombo PLC

Name

ABC PLC

Auditor
Name
Address

Ernst & Young
XXXX, Colombo 10

FINANCIAL SUMMARY
NET WORTHLKR in '000'

Year Ended

AmountChange2 000 000

31-Mar-2018

xxxx

44.72%

1 500 000

31-Mar-2017

xxx 045---

1 000 000
500 000
031-Mar-2017

YYYY TTTTT JJJJJ LL-6Private & Confidential

31-Mar-2018© Copyright. All Rights Reserved

OPERATING REVENUE

LKR in '000'

Year Ended

AmountChange2 000 000

31-Mar-2018

xxx 70335.74%

1 500 000

31-Mar-2017xxx 157---

1 000 000
500 000
031-Mar-2017

PROFIT BEFORE TAX

31-Mar-2018

LKR in '000'

Year Ended

AmountChange100 000

31-Mar-2018

xxxx 261-5.50%

75 00031-Mar-2017

xxxx 403---

50 00025 000031-Mar-2017

PROFIT AFTER TAX

31-Mar-2018

LKR in '000'

Year Ended

AmountChange80 00031-Mar-2018

xxx 868

6.38%

60 00031-Mar-2017xxx 560---

40 000
20 000031-Mar-2017

YYYY TTTTT JJJJJ LL-7Private & Confidential

31-Mar-2018© Copyright. All Rights Reserved

BALANCE SHEETFor the Year Ending :31-Mar-2018

31-Mar-2017(LKR in '000')

Period12 months

12 months

Type of Financials

Standalone

Standalone

Account Type

Audited

AuditedSourceOthersOthersxxxx .49

xxx 045.04- Paid-up Equity Capitalxxxx 047.60

xxxx 987.47- Reserves & Surplus

xx 599.03

xx 832.36-xxx 627.14-xxx 774.79

xxxx .49

xxx 045.04

Net Fixed Assets

xxx 039.64

xxx 180.07

Investments

xxx 828.42

xxx 315.85

Deferred Tax Assetsxxx 272.86

xxx 347.23

xxx 601 658.72

xxx 530 775.22

xxx 452 656.90

xxx 501 728.54- Cash & Bank Balancexxx 695.21

xxx 382.29- Other Assets

xx 402.06

xx 087.69- Other Current Assetxxx 904.55

x 576.70

Less: Current Liab. & Prov.

x xxx 780.15

x xxx 573.33- Other Current liabilities

x xxx 780.15

x xxx 573.33

xxx 878.57

xxx 201.89

xxxx .49

xxx 045.04

SOURCES OF FUND
Net Worth- Accumulated Losses (-)
TOTALUSES OF FUND

Current Assets, Loans & Adv.
- Short Term Loans And Advances

Net Current Assets
TOTAL

YYYY TTTTT JJJJJ LL-8Private & Confidential© Copyright. All Rights Reserved

PROFIT & LOSS A/C
For the Year Ending :31-Mar-2018

31-Mar-2017(LKR in '000')

INCOMExxx x 864.28

x xxx 682.92

x xxx 703.38

x xxx 157.11- Commission Incomexx 040.82

xx 742.09- Other Incomexx 120.08

xx 783.72

xxxx 148.21

x xxx 344.71- Interest Expended

xxx 033.24

xxx 528.24- Impairment Lossxxx 135.56

xx 632.00- Staff Welfare Expenses

xxx 344.84

xxx 293.77- Amortization / Write-off

x 426.46

x 424.42- Other Operating Expensesxxx 208.11

xxx 466.28

xxx 716.07

xxx 338.21

xx 321.69

xx 952.62

xxx 394.38

xxx 385.59

xx 133.08

xx 982.47

xx 261.30

xx 403.12

xx 392.52

xx 842.47

xx 868.78

xx 560.65- Interest Earned

EXPENSESPBDITLess: Financial Charges
PBDT
Less: Depreciation
PBT
Less: Tax Provision
PAT

COMMENTS* The information provided in this report is largely based on the information procured from the subject's
records file at company registry.
* Operational information was confirmed by Mr. Upesh Somasekara, Executive of the subject, during
the course of a telephonic interview.

YYYY TTTTT JJJJJ LL-9Private & Confidential© Copyright. All Rights Reserved

KEY RATIOSSOLVENCY RATIOS

31-Mar-2018

31-Mar-2017

Current Ratio

1.06

1.03

Quick Ratio

1.06

1.03

Current Ratio - A measure of short term solvency i.e. ability to meet the short term obligations by matchingcurrent assets against current liabilities. Ideal current ratio is 2 : 1 (2.0). However, a very high ratio indicatesavailability of idle cash and is not a good sign.
Quick Ratio - A measure of the amount of liquid assets available to offset current liabilities. The ratio is 1:1(1.0), the business is said to be in a liquid condition. The larger the ratio, the greater the liquidity.
31-Mar-2018

31-Mar-2017

Debt Ratio

0.89

0.92

Current Liabilities / Net Worth

8.44

11.37

Fixed Asset/ Net Worth

0.17

0.26

Interest Coverage Ratio

2.72

3.83

LEVERAGE RATIOS

Debt Ratio - A ratio that indicates what proportion of debt a company has relative to its assets. A debt ratio ofgreater than 1 indicates that a company has more debt than assets. The debt ratio can help investors determine acompany's level of risk.
Debt Equity Ratio - The debt-to-equity ratio is a measure of the relationship between the short term & longterm debts and the capital contributed by shareholders. A ratio of 1:1 is usually considered to be satisfactoryratio.
Current Liabilities /Net Worth - This ratio indicate the amount due to creditors within a year as a percentageof the owners or stockholders investment. The smaller the net worth, larger the liabilities, resulting in lesssecurity for creditors.
Fixed Asset/ Net Worth - The ratio indicates the extent to which shareholder's funds are invested into the fixed
assets. If this ratio is unusually large, a company may be overinvested in fixed assets and vice versa if it is small
it may limit the company's ability to produce profits. A ratio of .75 or higher is usually undesirable.
Interest Coverage Ratio - A ratio used to determine how easily a company can pay interest on outstanding
debt. It measures the margin of safety for the lenders. The higher the number, more secure the lender is inrespect of periodical interest.

YYYY TTTTT JJJJJ LL- 10 Private & Confidential© Copyright. All Rights Reserved

31-Mar-2018

31-Mar-2017

Return on Total Assets

0.64

0.67

Return On Equity

6.09

8.28

PROFITABILITY RATIOS

Operating Profit Margin - The operating profit margin ratio is a measure of overall operating efficiency of acompany. It is expressed as a percentage of sales and shows the efficiency of a company for controlling thecosts and expenses associated with business operations.
Net Profit Margin - Net Profit Margin ratio is calculated by dividing net profit by operating income. It
measures how much out of every unit of sales a company actually earns profit. The higher the ratio the better.
Return on Total Assets - The Return on Assets of a company determines its ability to utilize the Assets
employed in the company efficiently and effectively to earn a good return. The greater a company's earnings inproportion to its assets the more effectively that company is said to be using its assets.
Return on Equity - Return on equity measures the return on the ownership interest of the common stock
owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity.

ECONOMIC OUTLOOK(Sri Lanka)

The International Monetary Fund (IMF) forecasts Sri Lankan economy to rebound in 2017 andaccelerate in 2018, despite the lower than expected 3.8 percent GDP growth registered in the first quarterof 2017.
The economy is projected to grow by 4.7 percent in 2017 and marginally exceed 5.0 percent growth in
the medium term, driven by private consumption and investment.
However the report adds that the impact of past currency depreciation and the rise in the Value Added
Tax rate will increase inflation in 2017 despite downward pressure from low international commodity
prices.
The IMF has attributed the slow growth at the early part of the year to the lingering effect of drought
which significantly contracted agricultural output.
“The Fund-supported program is back on track with the second review just completed,” Ranil Salgado,
chief of the Regional Studies Division, Asia and Pacific Department of the IMF told Lanka Business
Online.
“The program’s objective is to promote macroeconomic stability while strengthening Sri Lanka’s
external resilience in a more challenging global economy.” The IMF says it also expects the new Inland
Revenue Act to be consistent with the IMF staff recommendations and would support fiscal
consolidation by making tax system more efficient and equitable.
The fiscal deficit is projected to fall to 5.0 percent of GDP for 2017 due to the implementation ofrevenueStandard & Poor's said that government investment was a key factor underpinning economic growth; itaffirmed Sri Lanka's B+ rating, but cut the outlook to negative from stable. At the time, S&P said it
expected real per capital GDP growth of 5.5 percent over 2016-19, which it estimated was equivalent to
6.2 percent real GDP growth.

YYYY TTTTT JJJJJ LL- 11 Private & Confidential© Copyright. All Rights Reserved

Sri Lanka has one of the lowest tax-to-GDP ratios in the world and creating jobs for the bottom 40% has
become a challenge.
The top personal income tax rate is 24 percent, and the top corporate tax rate is 28 percent. Other taxes
include a value-added tax. The overall tax burden equals 10.7 percent of total domestic income.
The value of exports and imports taken together equals 48 percent of GDP.
The average applied tariff rate is 5.3 percent. Investment in some sectors of the economy is restricted,
and state-owned enterprises distort the economy.
The financial sector remains underdeveloped. Nonperforming loans remain a problem in the banking
system, and the allocation of credit is subject to state influence.
The strategic development plan of Sri Lanka Tourism strives for 1.5 million visitors in total (130,000
from Germany) in 2014, 2.5 million in 2016 and 4 million in 2020. At the same time the tourism related
employment is supposed to increase from 125,000 in 2010 to 500,000 by 2016, tourism based industry
and services are to be expanded and the economic benefits of tourism shall be distributed to a larger
cross section of the society.
The export earnings have contracted by 4 per cent (on top of a 3.4 per cent contraction in 2015) and FDI
inflows have continued to contract by 37 per cent (adding to the 41 per cent contraction in 2015). On a
more positive note, trade deals with both India and China — expected to be signed in 2017 — may help
boost investor confidence.
Sri Lanka’s meandering economic progress received a boost in November 2016 with the announcementof the proposed 2017 budget. Under the watchful eye of the IMF, reversing flagging revenue collection
is finally the centerpiece for fiscal consolidation after more than a year of policy disarray. The revenue
reforms include a sharp jump in the value-added tax rate from 11 to 15 per cent, which will draw more
people into personal income tax thresholds, and new taxes on capital gains and property.

YYYY TTTTT JJJJJ LL- 12 Private & Confidential© Copyright. All Rights Reserved

Credit Rating Explanation
Credit RatingA+

Credit Score
81 - 100

Explanation
Low Risk

Rating Comments
Business dealings permissible with low risk of default.

A

61 - 80

Business dealings permissible with moderate risk of default.

B

40 - 60

Moderate
Risk
Medium RiskC

21 - 39

D

1 - 20Medium High
Risk
High Risk

NR--

No RatingBusiness dealings permissible on a regular monitoringbasis.
Business dealings permissible preferably on secured terms.
Business dealing not recommended or on secured terms
only.
No recommendations can be made at this stage due to lackof sufficient information.

The credit appraisal provides an assessment of the creditworthiness of a company. It takes into accountsignificant elements of credit including history, business performance, management, background, financial
position, payment history, overall market conditions, market trends and the reputation of the company.
NR is stated where there is insufficient information to facilitate rating. However, it is not to be construed as
unfavorable..

This report is based on information from sources believed to be true. Any advice or recommendation inthis report has been given without specific investment objectives and the particular needs of any specificaddressee. It must be distinctly understood that though utmost care has been exercised to obtain reports
of a reliable character but we accept no liability whatsoever for any direct or consequential loss arisingfrom any use of this document.
END OF REPORTYYYY TTTTT JJJJJ LL- 13 Private & Confidential© Copyright. All Rights Reserved