MIRA
INFORM REPORT
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Report Date : |
10.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
VICTOR LIDCHI CC |
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Registered Office : |
Shop 33, Dunkeld West
Centre, Jan Smuts Avenue, Dunkeld, Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
21.08.1985 |
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Com. Reg. No.: |
1985/009418/23 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and Sale of
Persian Carpets |
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 : |
Unknown |
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Litigation : |
Clear |
COMPANY NAME
VICTOR LIDCHI CC
PHYSICAL ADDRESS
Shop 33
Dunkeld West Centre
Jan Smuts Avenue
DUNKELD
Gauteng
POSTAL ADDRESS
P O Box 783803
SANDTON
2196
TELEPHONE NUMBER: 011 341
0367
FAX NUMBER: 011 341 0355
MEMBERS
V J C LIDCHI ID No. 4007125133000
ASSOCIATE COMPANIES
None
BANKERS
ABSA BANK,
Rosebank. It was stated that the
subject enjoys overdraft facilities, secured by the personal guarantee of the
Member. Utilisation is stated to
fluctuate.
DATE REGISTERED
21 August 1985
Registration Certificate
Number: 1985/009418/23
VAT NUMBER
4630117051
MAJOR OPERATION
Importing and sale of
Persian carpets
MAJOR SUPPLIERS
The subject imports all
of its supplies and deals locally with:
REEDS SHIPPING
MAJOR CUSTOMERS OR BUSINESS
SECTORS
General public
AREA OF DISTRIBUTION AND SELLING
Local & surrounds
EXPORTS
None
TOTAL EMPLOYEES
24
OTHER PREMISES
The subject has a branch
in the Clearwater Mall, Roodepoort
OWNED OR LEASED
Leased
MEMBERS CONTRIBUTION
R1000
The following estimated
financial situation was submitted:
STOCK R6 000 000
DEBTO RS COD
LOANS Nil
TURNOVER per month R1 000 000 – R1 500 000
AUDITORS
SAB & T INC
YEAR END
JUNE
INSURANCE BROKERS
REECE CAMPBELL
TRADE REFERENCES
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. Too new to comment.
COMMENTS
This is an established business that has a new account with its clearing agents. It is suggested that all dealing be on a letter of credit basis.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.12 |
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UK Pound |
1 |
Rs.72.59 |
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Euro |
1 |
Rs.63.52 |
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%)