MIRA
INFORM REPORT
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Report Date : |
16.08.2007 |
IDENTIFICATION DETAILS
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Name : |
SCAW |
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Registered Office : |
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Country : |
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Legal Form : |
Limited |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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Status : |
Undetermined |
COMPANY NAME
SCAW METALS GROUP
ADDRESS
PHYSICAL ADDRESS
POSTAL ADDRESS
2001
TELEPHONE NUMBER : 011 636 9111
FAX NUMBER : 011 638 5428
On investigation it was established that SCAW METALS was a division of ANGLO OPERATIONS LTD. It was stated by the respondent that the SCAW METALS division is now a separate legal entity, namely SCAW SOUTH AFRICA (PTY) LTD.
Contact was made with a respondent at SCAW SOUTH AFRICA (PTY) LTD who declined to assist with information unless an email questionnaire be forwarded. This was duly sent and to date no reply has been forthcoming. As soon as information is received, the same will be compiled and forwarded to our client.
PHYSICAL ADDRESS
Lower
Jupiter
TELEPHONE NUMBER : 011 601 8403
On investigation it was established that the subject is a sub-division of ANGLO FERROUS METALS, which is a division of ANGLO OPERATIONS LTD, which report should be consulted.
On contacting respondents at ANGLO OPERATIONS LTD it was established that the subject’s company secretary is not available until next week, therefore an email questionnaire has been forwarded to the assistant. As soon as updated information is available, the same shall be forwarded to our client. However, please see trade references obtained on SCAW METALS division.
MAJOR SUPPLIERS
AFROX
UCAR (EMSA) Meyerton
AMTEC Vereeniging
METALLURG
MINERAL-LOY
TRADE REFERENCES –
NOVEMBER 2005:
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 26 yrs+ R12 900 000 R3 000 000 - 30 days 30 days Excellent
R4 000 000
2. 8 yrs R 500 000 R 500 000 30 days 25 days Excellent
3. ±20 yrs R10 000 000 R 49 000 - 30 days 30 days Excellent
R2 000 000
CURRENT TRADE
REFERENCES
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 10 yrs R16 000 000 R 7 000 000 - 30 days 30 days Excellent
R11 000 000
2. 20 yrs R10 000 000 R 5 000 000 30 days 30 days Excellent
3. 15 yrs R 4 000 000 R 2 000 000 30 days 28 days Good
COMMENTS
ANGLO OPERATIONS LTD is a very well connected and well established company which sub-division SCAW METALS is meeting its commitments timeously. The subject would be considered equal to C$581 950 over 30 days. As soon as updated details are available the same will be forwarded to our client. Please see historical information dated 2 November 2006 on ANGLO OPERATIONS LTD
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)