MIRA
INFORM REPORT
|
Report Date : |
28.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
TATA AFRICA HOLDINGS (SA) (PTY) LTD |
|
|
|
|
Registered Office : |
39 Ferguson Road, Illovo, Johannesburg, Gauteng |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
19 May 1994 |
|
|
|
|
Com. Reg. No.: |
1994/003426/07 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
COMPANY NAME
TATA AFRICA HOLDINGS (SA) (PTY) LTD
PHYSICAL ADDRESS
39 Ferguson Road
ILLOVO
Johannesburg
Gauteng
POSTAL ADDRESS
P O Box 86117
CITY DEEP
2049
TELEPHONE NUMBER: 011 459 1700
FAX NUMBER: 011 459 1710
note
On investigation contact was made with the Financial Manager at the subject who stated that she is not prepared to assist with information unless the exact identity of the enquirer and the reason for the enquiry is known.
Nevertheless, please see statutory information obtained from CIPRO below:
COMPANY NAME
TATA AFRICA HOLDINGS (SA) (PTY) LTD
ADDRESSES ON CIPRO
REGISTERED ADDRESS
39 Ferguson Road
ILLOVO
Johannesburg
Gauteng
POSTAL ADDRESS
P O Box 55738
NORTHLANDS
2116
DIRECTORS
RAMAN DHAWAN
ID No. 4811075750181
Physical Address: Flat 9, Melrose Mews, Cnr Tottenham and Baker Streets, Rosebank
Postal Address: P O Box 1627, Parklands 2121
Date Appointed: 19 May 1994
DAVID ROSSLYN GEERINGH
ID No. 4103195096084
Physical Address: 20B – 9th Avenue, Parktown North 2193
Postal Address: P O Box 3076, Saxonwold 2132
Date Appointed: 1 April 2005
SYAMAL GUPTA
DOB: 15 April 1934
Physical Address: Quest End, 5th Floor, 47 Cuffe Parade, Colaba Bombay 400 005, India
Postal Address: Block A, Shivsaga Estate, Dr A Besant Road, Worlibombay 400 018 India
Date Appointed: 19 May 2004
DATE REGISTERED
19 May 1994
Registration Certificate Number : 1994/003426/07
AUDITORS
KPMG
Business Address: 24th Floor, Carlton Centre, Commissioner Street, Johannesburg
Postal Address: P O Box 7400, Johannesburg 2000
YEAR END
MARCH
COMMENTS
Should our Client wish to advise the identity of their Client, please forward as soon as possible in order to commence further investigations.
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. |
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%)