MIRA
INFORM REPORT
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Report Date : |
27.07.2007 |
IDENTIFICATION DETAILS
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Name : |
BENT ON DESIGN CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
19 March 2002 |
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Com. Reg. No.: |
2002/022410/23 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Suppliers of curtain accessories. |
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 : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
BENT ON DESIGN CC
PHYSICAL ADDRESS
Kramerville
POSTAL ADDRESS
Postnet
Private Bag X153
BRYANSTON
2021
TELEPHONE NUMBER: 011 262 0011
FAX NUMBER:
011 262 0023
MEMBERS
100% G D FABRY ID
No. 6910240898084
ASSOCIATE COMPANIES
None
BANKERS
FIRST NATIONAL BANK, Booysens Branch. It was stated that the subject enjoys overdraft facilities, secured by the personal guarantee of the Member. Utilisation is stated to be nil as credit balances are normally maintained at the bank.
DATE REGISTERED
19 March 2002
Registration Certificate Number: 2002/022410/23
VAT NUMBER
4320199492
MAJOR OPERATION
Suppliers of curtain accessories
MAJOR SUPPLIERS
The subject imports most of its supplies and deals locally with:
TIME FREIGHT
RAPID LOGISITICS
The Member declined to assist with other suppliers due to the competitive nature of the business
MAJOR CUSTOMERS OR
BUSINESS SECTORS
Interior decorators
AREA OF DISTRIBUTION
AND SELLING
EXPORTS
None
TOTAL EMPLOYEES
5
OTHER PREMISES
None
OWNED OR LEASED
The premises are reported to be leased
MEMBERS CONTRIBUTION
R100
The following estimated financial situation was submitted:
STOCK (inventory) R60 000 – R 100 000
DEBTORS (trade & other receivables) R 400 000
CREDITORS (trade & other payables) R 300 000
TURNOVER per annum R3 000 000
AUDITORS
P A QVIST
YEAR END
FEBRUARY
INSURANCE BROKERS
LION OF
TRADE REFERENCES
PERIOD HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
CREDIT CREDIT PATTERN
1. 3 yrs open R 4 000 - 30 days 30 days Very good
R16 000
2. 2003 open R 6 000 30 days 30 days Very good
COMMENTS
This is an
established business meeting its small obtainable commitments timeously. The subject is considered equal to its
moderate business engagements.
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%)