MIRA
INFORM REPORT
|
Report Date : |
22.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
STARROSS IMPORT AND EXPORT COMPANY (PTY) LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
2004 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
General trading company. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
COmpany NAME
STARROSS IMPORT AND
EXPORT COMPANY (PTY) LTD (Correct)
STARROSS IMPORT AND
EXPORT COMPANY (Requested)
ADDRESS
Street :
P.O. Box :
1292
Town : Matsapa
Country :
Telephone :
(268 5) 185 804
Fax : (268 5) 187 011
SENIOR COMPANY
PERSONNEL
Name Position
Total Employees
3 (administrative)
PAYMENTS
Current trade experience
of payments has not been traced.
Subject declined to
provide financial information or to reveal any details relative to the extent
of the company's operations.
Opinion on maximum credit
: We have insufficient basis on which to speak for unsecured credit and recommend
dealing on cash or prepaid basis only.
Trade risk assessment :
High
Opinion on the credit
figure of US DLRS 1,500,000 :
We consider the above
figure to be beyond the Company's financial capabilities and recommend dealing
on fully secured terms.
It is normal accepted
practice for international suppliers to deal on secured terms with
PRINCIPAL BANKERS
NAME :
NEDBANK (
Branch :
P.O. Box : H100
Town :
Tel : (268) 408 1000
Fax : (268) 404 4060
FINANCIAL INFORMATION
Private companies in
LEGAL STATUS AND
HISTORY
Date Started : 2004 (not
confirmed)
Capital : not given
Limited Liability Company
with the following sole shareholder :
ACTIVITIES
The Company is involved
in the following activities :
General trading company.
FACILITIES
The Company has the
following facilities :
Office premises and
storage facilities located at the heading address.
Subject was previously
located at Matsapa Trade Centre XX, Matsapa.
SPECIAL NOTE
You enquired on :
STARROSS IMPORT AND EXPORT COMPANY.
Please note the correct
name is a sper heading.
The address provided by
you, Matsapa Trade Centre XX, Matsapa applies to subject's former address. Please
note the current address is as per heading.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)