MIRA INFORM REPORT

 

 

Report Date :

17th May 2006

 

IDENTIFICATION DETAILS

 

Name :

LOTUS EDUCATIONAL SUPPLIES (NF)

 

 

Registered Office :

36 Inner Circuit Road

ISIPINGO

Durban

Kwazulu Natal

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

 

 

 

 

 

 

COMPANY NAME

                  

LOTUS EDUCATIONAL SUPPLIES (NF)

 

 

PHYSICAL ADDRESS

 

36 Inner Circuit Road

ISIPINGO

Durban

Kwazulu Natal

 

TELEPHONE NUMBER   : (031) 902-3463

  (031) 305-9777 (office number)

 

FAX NUMBER                : (031) 902-3463

 

On investigation contact was made with the sole proprietor of the subject, who declined to assist with information telephonically and requested that a fax questionnaire be forwarded.  This was duly sent and to date no reply has been forthcoming.

 

As soon as information is forthcoming, the same will be forwarded to our client.

 

         

                                     


 

 RATING EXPLANATIONS

 

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

 

 

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