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MIRA
INFORM REPORT
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Report Date : |
03.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALLBRO INDUSTRIES (PTY) LTD |
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Registered Office : |
121, 13th Avenue, Anderbolt, Boksburg, Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
20.02. 1998 |
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Com. Reg. No.: |
1998/003057/07 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Electrical and Mechanical Engineers. |
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
ALLBRO INDUSTRIES (PTY) LTD
PHYSICAL ADDRESS
121 13th Avenue
Anderbolt
BOKSBURG
Gauteng
TELEPHONE NUMBER:011
894 8341
FAX NUMBER: 011 918 1072
With reference to your query contact was once again made with respondents at the subject who confirmed that the associate company is ALLBRO INDUSTRIAL MARKETING CC (Reg. No. 2003/035075/23) and not ALLBRO INDUSTRIAL MARKETING (PTY) LTD.
Nevertheless, please see statutory information obtained from CIPRO below:
COMPANY NAME
ALLBRO INDUSTRIAL MARKETING CC
ADDRESSES ON CIPRO RECORDS
REGISTERED ADDRESS:
25 Frederick Street
Observatory Extention
JOHANNESBURG
Gauteng
POSTAL ADDRESS:
P O Box 2506
HOUGHTON
2041
MEMBERS
JOHN AUGUSTUS ALLAN
ID No. 4305135072089
Residential Address: 108 Sunny Road, Lakefield, 1501
Postal Address: P O Box 6699, Dunswart, 1508
Date Appointed: 9 May 2003
Interest Held: 50%
RYAN JUSTIN ALLAN
ID No. 7406255187082
Residential Address: 3 Meyer Street, Beyerspark, 1459
Postal Address: P O Box 6699, Dunswart, 1508
Date Appointed: 9 May 2003
Interest Held: 50%
DATE REGISTERED
9 May 2003
Registration Certificate Number: 2003/035075/23
MEMBERS CONTRIBUTION
R100
AUDITORS
PHILLIP SHIFREN AND COMPANY
Postal Address: P O Box 2506, Houghton, 2041
YEAR END
FEBRUARY
COMMENTS
Should our client wish us to provide a full report on ALLBRO INDUSTRIAL MARKETING CC, please advise soonest so that further investigations may be instituted.
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%)