MIRA
INFORM REPORT
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Report Date : |
03.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SHAN’S METAL BROKERS (PTY) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
5 March 2007 |
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Com. Reg. No.: |
2007/006922/07 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
On investigation numerous attempts have been made to contact the subject which proved unsuccessful. Contact was made with the subject’s auditors who stated that they do not have any of SHAN’S METAL BROKERS (PTY) LTD.
It is suggested that our client provide a contact number so that further investigations can be instituted.
Nevertheless, please see statutory information obtained from CIPRO below:
COMPANY NAME
SHAN’S METAL BROKERS (PTY) LTD
ADDRESSES ON CIPRO
RECORDS
REGISTERED ADDRESS
GARDENS
2192
POSTAL ADDRESS
2106
DIRECTORS
BALARAM PILLAY
ID No. 7603165179080
Residential Address: 79 Woodlands Estate, Smuts Drive, Halfway Gardens, Midrand, 1685
Postal Address:
Date Appointed: 27 April 2007
DATE REGISTERED
5 March 2007
Registration Certificate Number : 2007/006922/07.
AUTHORISED SHARE
CAPITAL
R1000 divided into 1000 ordinary shares of R1 each
AUDITORS
CHARTER FINANCIAL
Business Address:
Postal Address:
YEAR END
FEBRUARY
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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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%)