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MIRA
INFORM REPORT
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Report Date : |
6th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
NADAIR
INTERNATIONAL (PTY) LTD |
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Registered Office : |
69
Joubert Street, Cnr Chruch & Jorrissen Street, Polokwane, Limpopo |
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Country : |
South
Africa |
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Date of Incorporation : |
05.07.1994 |
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Com. Reg. No.: |
1994/004727/07 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Manufacturers
of lighting products and fittings. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$1
000 000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
COMPANY NAME
NADAIR
INTERNATIONAL (PTY) LTD
PHYSICAL ADDRESS
69
Joubert Street
Cnr Chruch & Jorrissen Street
POLOKWANE
Limpopo
POSTAL ADDRESS
P O Box
3411
POLOKWANE
0700
TELEPHONE NUMBER
015 295
9901
FAX NUMBER
015 295 1994
It was stated that the postal address of P O Box
442, Polokwane is incorrect.
SHAREHOLDERS
M H AYOB
S AYOB
ASSOCIATE COMPANIES
LIGHTHOUSE
MICA HARDWARE (PTY) LTD
DIRECTORS
M H AYOB ID No.
4408095130051
S AYOB (Son) ID No. 6901065232087
BANKERS
Respondents
at the company stated they would forward banking information at a later stage
as well as financials, however, it seems that respondents are reluctant to
assist with information as no further reply has been forthcoming.
DATE REGISTERED
5 July
1994
Registration
Certificate Number: 1994/004727/07
VAT NUMBER
4320145230
MAJOR OPERATION
Manufacturers
of lighting products and fittings.
MAJOR SUPPLIERS
One of
the subject’s major suppliers is OSRAM and other suppliers were not forthcoming
from respondents
MAJOR CUSTOMERS OR BUSINESS SECTORS
Public
and industry
AREA OF DISTRIBUTION AND SELLING
South
Africa
EXPORTS
None
TOTAL EMPLOYEES
60
OTHER PREMISES
None
OWNED OR LEASED
The
premises are reported to be owned by the company.
Full
financial information was not forthcoming from respondents at the company and
outside authorities were unable to assist in this regard.
AUDITORS
MAJID
GANI
YEAR END
FEBRUARY
INSURANCE BROKERS
DONRO
FINANCIAL SERVICES
TRADE REFERENCES
PERIOD HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
CREDIT CREDIT PATTERN
1. 1997 R150 000 R130 000 30
days 30 days Very good
2.5%
2. 5 yrs R700 000 R150 000 30
days 30 days Very good
COMMENTS
This is
an established company meeting one of its commitments timeously. We have not
traced dealings to an extent of US$1 000 000 DA and would prefer to see all
dealings on a letter of credit basis.
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/normal. |
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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