MIRA
INFORM REPORT
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Report Date : |
25.07.2007 |
IDENTIFICATION DETAILS
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Name : |
GRANITI TECNICA CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
20.03.1998 |
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Com. Reg. No.: |
1998/015259/23 |
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Legal Form : |
Limited Liability |
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Line of Business : |
Cutting and polishing of granite blocks |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
COMPANY NAME
GRANITI TECNICA CC
PHYSICAL ADDRESS
SPARTAN
POSTAL ADDRESS
ISANDO
1600
TELEPHONE NUMBER : 011 974 3588
FAX NUMBER : 011 974 3699
It was stated by the subject that GRANITI TECNICA CC will be converting to a (PTY) LTD during the course of this year.
MEMBERS
100% F D’AGNOLO ID No. 5010245023100
It is reported that the membership changed on the 14th June, 2006.
ASSOCIATE COMPANIES
MARBLE CLASSIC (PTY) LTD
D’AGNOLO PROPERTIES (PTY) LTD
It was stated that the associate companies converted from close corporations to (Pty) Ltd companies in 2006.
BANKERS
FIRST NATIONAL BANK Carlton Centre, account number 50491154073. Further information on banking facilities was declined by respondents at the company.
DATE REGISTERED
20th March 1998
Registration Certificate Number 1998/015259/23
MAJOR OPERATION
Cutting and polishing of granite blocks.
MAJOR SUPPLIERS
THOMAS ABRASIVES
C J PETROW CHEMICALS
TOOLGAL
VAN ROOYEN’S TRANSPORT
MAJOR CUSTOMERS OR
BUSINESS SECTORS
Marble and granite industry, as well as the construction industry.
AREA OF DISTRIBUTION
AND SELLING
EXPORTS
TOTAL EMPLOYEES
80 waged and 30 salaried
OTHER PREMISES
None
OWNED OR LEASED
The premises are reported to be owned by D’Agnolo
Properties (Pty) Ltd.
MEMBERS CONTRIBUTION
R100
Full financial information was not forthcoming from respondents at the company, however, it was stated that the turnover per annum is over R100 000 000.
AUDITORS
CILLIERS MARTIN INCORPORATED
YEAR END
FEBRUARY
INSURANCE BROKERS
COMEX INSURANCE BROKERS
TRADE REFERENCES – FEBRUARY
2002
PERIOD HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
CREDIT CREDIT PATTERN
1. 3 yrs do not disclose figures 30 30 Excellent
2. 1998 R200 000 R150 000 30 30 Very good
nett
3. 3 yrs do not disclose figures 30 30 Very good
CURRENT TRADE
REFERENCES
PERIOD HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
CREDIT CREDIT PATTERN
1.
2. ±10 yrs declined declined 60 days 60/90 days Good
3. Do not give trade references.
4. Do not give trade references.
COMMENTS
This is an established business meeting its commitments slightly over terms at times. We have not traced dealings to the extent of $1 000 000 and would prefer to see such dealings on a well spread and fully secured basis. The lack of full financial information should be borne in mind.
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%)