MIRA
INFORM REPORT
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Report Date : |
20.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
LA GRANGE INTERIORS (PTY) LTD |
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Registered Office : |
69 Kramer Road, Kramerville, Johannesburg, Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
31 May 2002 |
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Com. Reg. No.: |
2002/012822/07 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importers and distributors of furniture |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME
LA GRANGE INTERIORS (PTY) LTD
PHYSICAL ADDRESS
69 Kramer Road
Kramerville
JOHANNESBURG
Gauteng
POSTAL ADDRESS
P O Box 412839
CRAIGHALL
2021
TELEPHONE NUMBER: 011 444 5379
FAX NUMBER: 011 262 6110
CELL NUMBER: 082 776 3413
note
On investigation
contact was made with Mrs Krige who declined to assist with most of the
information unless the name of the enquirer is divulged. Nevertheless, the
following information was submitted.
SHAREHOLDERS
100% S KRIGE
ASSOCIATE COMPANIES
None
DIRECTORS
S KRIGE ID No. 7201080181081
BANKERS
Declined by the respondent
DATE REGISTERED
31 May 2002
Registration Certificate Number: 2002/012822/07.
It was stated by the respondent that the subject commenced as a partnership in 1996.
MAJOR OPERATION
Importers and distributors of furniture
MAJOR SUPPLIERS
It was stated by the respondent that the subject imports all of its supplies, however, the clearing agent was not forthcoming from the respondent.
MAJOR CUSTOMERS OR BUSINESS
SECTORS
Retailers and wholesalers
AREA OF DISTRIBUTION AND SELLING
South Africa
EXPORTS
Europe
TOTAL EMPLOYEES
10
OTHER PREMISES
None
OWNED OR LEASED
The premises are reported to be leased
AUDITORS
LOUBSER DU PLESSIS
YEAR END
FEBRUARY
COMMENTS
We are not able to
recommend credit dealings to an extent of US$1 000 000 and suggest that all dealings
be on a letter of credit basis. Should
our client be able to provide the name of the enquirer, further investigations
will be instituted. The lack of full
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. |
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%)