MIRA
INFORM REPORT
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Report Date : |
14.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ALESSI TRADING CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
17 March 1994 |
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Com. Reg. No.: |
1994/008109/23 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesalers of linen. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
COMPANY NAME
ALESSI TRADING CC
PHYSICAL ADDRESS
CLAREWOOD
Kwa-Zulu
POSTAL ADDRESS
4000
TELEPHONE NUMBER: 031 465 6429
FAX NUMBER: 031 465 4522
It was stated by the respondent that the physical address of
MEMBERS
25% H
A K SEEDAT (Cousin) ID No. 5508035220083
13.5% E G H SEEDAT (Brother) ID No. 4603185068050
13.5% A S G H SEEDAT (Brother) ID No. 4407095068055
13.0% G H M SEEDAT (Cousin) ID No. 6409095211089
10% A
M PEERBHAY ID No. 6407035055087
10% A
J KIECK ID
No. 5106305063083
7.5% M
7.5% Y
ASSOCIATE COMPANIES
It was stated by the respondent that the Members are involved in other businesses, however, further information was not forthcoming.
BANKERS
NEDBANK,
DATE REGISTERED
17 March 1994
Registration Certificate Number: 1994/008109/23.
VAT NUMBER
4870142330
MAJOR OPERATION
Wholesalers of linen.
MAJOR SUPPLIERS
The subject imports 95% of its supplies and deals locally with:
SPECTRUM SHIPPING,
MR MOVER,
MAJOR CUSTOMERS OR
BUSINESS SECTORS
Chain stores and Retailers.
AREA OF DISTRIBUTION
AND SELLING
EXPORTS
None
TOTAL EMPLOYEES
70
OTHER PREMISES
It was reported that the subject has a warehouse at
OWNED OR LEASED
The premises are reported to be leased.
MEMBERS CONTRIBUTION
R100
Full financial information was not forthcoming from respondents at the company and outside authorities were unable to assist in this regard.
AUDITORS
DESAI JADWAT INCORPORATED
YEAR END
DECEMBER
INSURANCE BROKERS
PETER CHRISTY INSURANCE BROKERS
TRADE REFERENCES
PERIOD HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
CREDIT CREDIT PATTERN
1. 2004 R4 000 000 R400 000± 14 days 14 days+ Good
2. 3 years+ open acc R 3 000- 30 days 30 days Good
R 15 000
COMMENTS
This is an established
business meeting one of its commitments slightly over terms at times. We have
not traced dealings to an extent of $1 000 000 and would prefer to see a far
lesser amount spread and secured.
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%)