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MIRA
INFORM REPORT
|
Report Date : |
26.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
TRICOM STRUCTRES (PTY) LTD |
|
|
|
|
Registered Office : |
P O Box 1725 Silverton 0127 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
25.08.2008 |
|
|
|
|
Com. Reg. No.: |
2008/020153/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
The design, manufacture and erecting of
steel structures such as 3, 4, 6 sided towers, roof top towers, bill board
towers, tower antenna brackets, palisade fencing etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Assessment
This is an established company, which
converted from a close corporation.
The subject is meeting one of its commitments
by arrangement.
The subject effects a large turnover.
It is suggested that all dealings be secured.
Company Information
|
Registered
Name |
TRICOM STRUCTRES (PTY) LTD |
||
|
Registration
Number |
2008/020153/07 |
||
|
Registration
Date |
25 August 2008 |
||
|
Date Commenced
Trading |
December 1999 |
||
|
History of
Business |
The subject converted from TRICOM STRUCTURES CC in August 1999. It was stated that the subject is in the process of incorporating the
trading operations and assets of TUBELAZER CC (registration certificate
number: 2006/091602/23). |
||
|
Shareholders of
subject and % holding |
30% BONATLA PROPERTY HOLDINGS LTD – registration certificate number: 1996/014533/06 - listed on the JSE. 27% M C NIEUWOUDT 43% U P TOPKA It was stated that the subject will be restructuring within the next
few weeks. |
||
|
Issued Share
Capital |
R1000 |
||
|
Age of Company |
1 December 2008 |
||
|
Status |
Active |
||
|
Operations
Assessment |
The design, manufacture and erecting of
steel structures such as 3, 4, 6 sided towers, roof top towers, bill board
towers, tower antenna brackets, palisade fencing etc. The subject provides the following
services: ·
Steel structures for the telecom sector. ·
Steel
structures for the power sector: transmission
and distribution ·
Reinforcing
steel supply and foundation design services ·
Renewable
energy projects ·
Lazer
cutting for specialized steel structures:
stadiums and shopping centres ·
Structural
design services to various codes (Euro, British, American, South American
standards) ·
Project
management services ·
Site design
services |
||
|
Industry/
Customers |
Telecommunications industry |
||
|
Major Industry
Code / SICC |
|
||
|
Definition of
Code |
Construction of civil engineering structures |
||
|
Area of distribution |
South Africa |
||
|
Export |
African continent |
||
|
Head Office
Physical Address |
316 B Mundt Street WALTLOO Pretoria 0184 The subject was never situated at the premises 947 Richards Drive,
Midrand. |
||
|
Head Office
Postal Address |
P O Box 1725 SILVERTON 0127 The subject never utilized the postal
address: P O Box 2685, Halfway House,
1685 |
||
|
Current Tel
Number Cell number |
012 803 0041 |
||
|
Current Fax
Number |
012 803 6040 |
||
|
Current Email
Address |
|||
|
Web Site Address |
Auditors Information
|
Company
Registered Name |
MAZARS |
|
Physical Address |
Block A Brooklyn Office Park 105 Nicolson Street BROOKLYN 0181 |
|
Postal Address |
Private Bag X17 BROOKLYN SQUARE 0075 |
|
Contact Person |
Anton Naberman |
|
Contact Number |
012 346 4111 |
|
Email |
|
|
Subject Verified
as Client |
Yes |
|
Practice number |
900222 |
|
VAT Number |
4020115830 |
|
BEE Status |
Yes |
|
Financial Year
End |
March |
|
Years With
Auditors |
August 2010 |
|
Website |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
CF TERHOEVEN INC |
12 years |
|
HAWELL AND COMPANY |
12 years |
|
CJ VERMEULEN |
12 years |
|
UNIQUM CONSULTING INC |
3 years |
Tax Information
|
Vat Number |
4400187474 |
|
Status |
Active |
|
Vat Liable Date |
1 December 1999 |
|
Tax Number |
9213104640 |
|
Tax Clearance
Expire Date |
September 2011 |
|
Financial Year
End |
August 2010 The financial year end will be changing to December. |
Black Economic Empowerment
|
Status |
Yes |
|
Score |
Level 5 |
|
Expire Date |
September 2011 |
|
BEE Certificate
Available |
Yes |
ISO Status
|
Type of ISO
Grade |
9100:2008 14001:2004 OHSAS 18001:2007 |
|
ISO Certificate |
Yes |
|
ISO Certificate
Available |
Yes |
|
Certified
by an Accredited Agent |
Yes |
Workman’s compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
None |
|
Subsidiary
Company |
TRICOM PES (PTY) LTD formerly TRICOM
TELECOM (PTY) LTD, the name having been changed in July 2011. |
|
Shareholding |
50% |
|
Registration
Number |
2010/001738/07 |
|
Status |
dormant |
|
Number of
Employees |
84 total |
|
1.
Permanent
employees |
84 |
|
2.
Contracted
employees |
The subject
employs contract workers when required. |
Company Fleet |
|
|
Fleet Operations |
11 in total |
|
The Fleet is
made up of |
|
|
1.
Cars |
2 |
|
2.
Light
Delivery Vehicles |
6 1 X 8 ton bakkie |
|
3.
Trailers |
1 truck trailer |
|
4.
Trucks |
1 |
Head Office
Owned/ Rented |
Leased |
|
Rental Company |
BONATLA PROPERTY HOLDING LTD |
|
Type of Premises |
The heading industrial premises cover 40 000m2 of which
10 000m2 is under cover, comprising warehousing, plant facilities and
administration offices. |
Trade References
The subject imports steel from China
|
Supplier |
Contact |
|
DHL |
|
|
TRIDENT STEEL |
100 871 000 |
|
MACSTEEL TRADING |
011 871 000 |
|
GALVADIP |
012 803
5168 |
|
BERRY &
DONALDSON |
011 974
6410 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
Company |
Policy |
Do |
Not |
Give |
Trade |
references |
|
Company |
Policy |
Do |
Not |
Give |
Trade |
references |
|
Company |
Policy |
Do |
Not |
Give |
Trade |
references |
|
Old acc |
Amounts |
Confidential |
30 days |
Payment
arrangement to pay off outstanding amounts |
|
Good |
|
5 years |
R4 500 000 |
Confidential |
30 days |
Confidential |
30 days |
Good |
Adverse Information on Subject
|
Judgements |
No information on record |
|
Possible
Judgements |
|
|
Civil Court |
|
|
RDs |
|
Judgements
|
Case Number |
No information on record |
|
Amount |
|
|
Reason |
|
|
Court Name |
|
|
Judgement Type |
|
|
Judgement Date |
|
|
Plaintiff
(Multiple) |
|
Default Data
|
Date |
Details |
|
No information on record |
|
Notarial Bonds
|
Date |
Details |
|
No information on record |
|
Deeds Information
|
Property Interest |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Type: |
No information on record |
Stand Number: |
|
|
Street Number: |
|
Street Name: |
|
|
Municipal Suburb: |
|
Municipal City: |
|
|
Township Name: |
|
Province: |
|
|
Deeds Office: |
|
Transfer ID: |
|
|
Title Deed Number: |
|
Purchase Date: |
|
|
Transfer Date: |
|
Erf Size: |
|
|
Sold Price: |
|
|
|
Bank Information
|
Bank |
STANDARD BANK |
|
Branch |
Hillcrest |
|
Bank Account
Number |
012575100 |
|
Type of account |
current |
|
Account Name |
TRICOM STRUCTURES (PTY) LTD |
|
Date Opened |
1 November 1999 |
|
Bank Code |
C |
|
Bank Comment |
The subject’s bankers consider them good for all business normal
engagements |
The subject also banks with
|
Bank |
FIRSTNATIONAL BANK |
|
Branch |
Lynnwood |
|
Bank Account
Number |
62147582086 |
|
Type of account |
Current |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
No information on record |
|
|
|
|
|
|
Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
No information on record |
|
|
|
|
|
Financial Information
Financial Estimates
|
CURRENT
ASSETS |
|
|
Stock
|
R25 000 000 – R30 000 000 The subject manufactures on order basis |
|
Total
Debtors (30-180 days) |
R50 000 000 |
|
Cash
on Hand |
Fluctuates |
|
FIXED
ASSETS |
|
|
Plant,
Equipment, Vehicles |
R30 000 000 – R40 000 000 |
|
Property |
Nil |
|
CURRENT
LIABILITIES |
|
|
Total
Creditors (30-120 days) |
R30 000 000 |
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
Nil |
|
ANNUAL
Turnover (2011) |
R240 000 000 |
|
Previous
Year Turnover (2010) |
R240 000 000 |
|
Estimated
Current Year Turnover (2012) |
R250 000 000 |
Principals
|
Number
of Principals |
5 |
|
Average
Age of Active Principals |
47 |
It was stated that two new directors will be
appointed to the board in the near future.
Active Principals
Principal 1 of 5
|
Surname |
SHANGE |
|
First Names |
SIHLE, H |
|
Marital Status |
Married |
|
ID Number |
7002075423086 |
|
Verified ID
Number |
Yes |
|
Current Age |
41 |
|
Designation |
Businessman / director |
|
Status |
Active |
|
Appointment Date |
21 November 2008 |
|
Address
(at time of Appointment) |
57 Mildland Estate 8 Road NOORWYK 1687 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
No information on record |
Debt Review
|
Debt
review |
No information on record |
Other
|
Default
data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Judgements |
Liquidation |
|
SOUTHERN
AFRICAN INSTITUTE OF STEEL CONSTRUCTION |
1956/001307/08 |
In business |
0 |
No |
|
LADUMA
CATERERS CC |
1996/051972/23 |
In business |
0 |
No |
|
UMZANSI
INVESTMENTS LTD |
2000/006625/06 |
In business |
0 |
No |
|
SILAGE
INVESTMENTS CC |
2001/020338/23 |
In business |
0 |
No |
|
MULTI
DIGIT TRADING 6 CC |
2002/053647/23 |
In business |
0 |
No |
|
JICAMA
(PTY) LTD |
2003/031793/07 |
In business |
0 |
No |
|
COPPER
MOON TRADING 84 (PTY) LTD |
2004/015042/07 |
In business |
0 |
No |
|
DOUBLE DELIGHT INVESTMENTS 55 CC |
2006/225937/23 |
Deregistration
process |
0 |
No |
|
BHAM AND SHANGE INVESTMENTS CC |
2007/230163/23 |
Deregistration
process |
0 |
No |
|
GLOBAL PULSE TRADING (PTY) LTD |
2008/007546/07 |
Deregistration
final |
0 |
No |
|
INDEPENDENT FREIGHT CARRIERS DURBAN (PTY)
LTD |
2008/010474/07 |
Deregistration
final |
0 |
No |
|
TANIELA INVESTMENTS (PTY) LTD |
2008/014820/07 |
Deregistration
final |
0 |
No |
|
S AND H MINING LOGISTICS (PTY) LTD |
2008/017305/07 |
In business |
0 |
No |
|
SAVUKA CONNECTINOS (PTY) LTD |
2010/003112/07 |
In business |
0 |
No |
|
SIHLENATHI INVESMTNES CC |
2010/015642/23 |
In business |
0 |
No |
|
2IPHILE INVESTMENTS CC |
2011/047712/23 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
3 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
INDEPENDENT
FREIGHT CARRIERS JOHANNESBURG (PTY) LTD |
2008/016485/07 |
In business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
No information on record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 2 of 5
|
Surname |
NAIK |
|
First Names |
SAROJA |
|
Marital Status |
Married |
|
ID Number |
6402160095081 |
|
Verified ID
Number |
Yes |
|
Current Age |
47 |
|
Designation |
Businessman / director |
|
Status |
Active |
|
Appointment Date |
21 November 2008 |
|
Address
(at time of Appointment) |
57 Mildland Estate 8 Road NOORWYK 1687 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
No information on record |
Debt Review
|
Debt
review |
No information on record |
Other
|
Default data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Judgements |
Liquidation |
|
INTER
ZA LESEGO (PTY) LTD |
2000/007076/07 |
In business |
0 |
No |
|
BAT
TECHNOLOGIES (PTY) LTD |
2000/022522/07 |
In business |
0 |
No |
|
KAELO
CONSULTING SERVICES CC |
2005/112657/23 |
In business |
0 |
No |
|
FEMENG
TECHNOLOGY (PTY) LTD |
2008/021017/07 |
In business |
0 |
No |
|
INZA
INFRASTRUCTURE INVESTMENTS (PTY) LTD |
2008/024541/07 |
Deregistration
final |
0 |
No |
|
MYKATRADE
408 CC |
2010/154089/23 |
In business |
0 |
No |
|
SIPHILE
INVESMTENTS CC |
2011/047712/23 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
4 years 5 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
INZA PROPERTIES
(PTY) LTD |
2007/005127/07 |
Deregistration
final |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
No information on record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 3 of 5
|
Surname |
HAY |
|
First Names |
STUART, G |
|
Marital Status |
Married |
|
ID Number |
7405295094084 |
|
Verified ID
Number |
Yes |
|
Current Age |
37 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
25 August 2008 |
|
Address (at time
of Appointment) |
15 Fourteenth Street MENLO PARK 0181 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
No information on record |
Debt Review
|
Debt
review |
No information on record |
Other
|
Default
data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Judgements |
Liquidation |
|
WASTE
ALERT (PTY) LTD |
1999/014503/07 |
Deregistration
process |
0 |
No |
|
NEXOR
155 CC |
2001/074101/23 |
Deregistration
process |
0 |
No |
|
BUBBLES
CREATIONS CC |
2002/050079/23 |
Deregistration
final |
0 |
No |
|
BIG
FIVE GENERAL TRADING 28 (PTY) LTD |
2003/028435/07 |
In business |
0 |
No |
|
TUBELAZER
CC |
2006/091602/23 |
In business |
0 |
No |
|
DUSTY
MOON INVESTMENTS 299 (PTY) LTD |
2007/016850/07 |
In business |
0 |
No |
|
TRICOM
GROUP (PTY) LTD |
2008/001027/07 |
In business |
0 |
No |
|
TOWER
VENDOR FINANCE (PTY) LTD |
2008/005806/07 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
3 years 3 month |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
TRICOM
TENEWABLES (PTY) LTD |
2008/010456/07 |
In business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
No information on record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 4 of 5
|
Surname |
NIEUWOUDT |
|
First Names |
MICHALE, C |
|
Marital Status |
Married |
|
ID Number |
5609115073085 |
|
Verified ID
Number |
Yes |
|
Current Age |
55 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
25 August 2008 |
|
Address
(at time of Appointment) |
311 Border Road EAST LYNNWOOD 0081 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
No information on record |
Debt Review
|
Debt
review |
No information on record |
Other
|
Default
data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Judgements |
Liquidation |
|
NSYS DESIGN AND DEVELOPMENT CC |
1994/010424/23 |
Deregistration
final |
0 |
No |
|
BAT TECHNOLOGIES (PTY) LTD |
2000/022522/07 |
In business |
0 |
No |
|
BUBBLES CREATIONS CC |
2002/050079/23 |
Deregistration
final |
0 |
No |
|
BIG FIVE GENERAL TRADING 28 (PTY) LTD |
2003/028434/07 |
In business |
0 |
No |
|
TUBELAZER CC |
2006/091602/23 |
In business |
0 |
No |
|
DUSTY MOON INVESTMENTS 299 (PTY) LTD |
2007/016850/07 |
In business |
0 |
No |
|
TRICOM GROUP (PTY) LTD |
2008/001027/07 |
In business |
0 |
No |
|
TOWER VENDOR FINANCE (PTY) LTD |
2008/005806/07 |
In business |
0 |
No |
|
TRICOM RENEWABLES (PTY) LTD |
2008/010456/07 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
No information on record |
|
|
|
|
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
No information on record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 5 of 5
|
Surname |
TOPKA |
|
First Names |
UDO, P |
|
Marital Status |
Married |
|
ID Number |
5611055173180 |
|
Verified ID
Number |
Yes |
|
Current Age |
55 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
25 August 2008 |
|
Address
(at time of Appointment) |
1 Twinrivers Estate Jan Smuts Avenue IRENE 0062 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
No information on record |
Debt Review
|
Debt
review |
No information on record |
Other
|
Default
data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Judgements |
Liquidation |
|
TOPKABLEDROMME
1980 (PTY) LTD |
1980/010932/07 |
Deregistration
process |
0 |
No |
|
NTS
WIRE PRODUCERS (PTY) LTD |
1987/006209/07 |
In liquidation |
0 |
Yes |
|
ROSE
PROEPRTY INVESTMENTS CC |
1992/032689/23 |
Deregistration
process |
0 |
No |
|
SEURATT
CC |
1994/024701/23 |
Deregistration
final |
0 |
No |
|
D’ESTE
FASHION-EASTGATE CC |
1998/047231/23 |
Deregistration
final |
0 |
No |
|
SEURATT
BOUTIQUE-RUSTENBURG CC |
1998/047232/23 |
Deregistration
final |
0 |
No |
|
SNOWY
OWL PROPERTIES (PTY) LTD |
1999/016106/07 |
In business |
0 |
No |
|
BAT
TECHNOLOGIES (PTY) LTD |
2000/022522/07 |
In business |
0 |
No |
|
TRICOM
PROPERTIES (PTY) LTD |
2000/022952/07 |
In business |
0 |
No |
|
RMM
PROPERTIES (PTY) LTD |
2002/023359/07 |
In business |
0 |
No |
|
55
THERIZO STREET STAND 6555 (PTY) LTD |
2002/026221/07 |
Deregistration
process |
0 |
No |
|
BUBBLES
CREATIONS CC |
2002/050079/23 |
Deregistration
final |
0 |
No |
|
BIG
FIVE GENERAL TRADING 28 (PTY) LTD |
2003/028435/07 |
In business |
0 |
No |
|
TUBELAZER
CC |
2006/091602/23 |
In business |
0 |
No |
|
DUSTY
MOON INVESTMENTS 299 (PTY) LTD |
2007/016850/07 |
In business |
0 |
No |
|
TRICOM
GROUP (PTY) LTD |
2008/001027/07 |
In business |
0 |
No |
|
TOWER
VENDOR FINANCE (PTY) LTD |
2008/005806/07 |
In business |
0 |
No |
|
TRICOM
RENEWABLES (PTY) LTD |
2008/010456/07 |
In business |
0 |
No |
|
TRICOM
TELECOM (PTY) LTD |
2010/001738/07 |
In business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
11 years 3 months |
|
Company
Name |
Registration No |
Status |
Judgements |
Liquidation |
|
NTS
INVESTMENT HOLDINGS (PTY) LTD |
1997/020283/07 |
Deregistration
process |
0 |
No |
|
TWIN
RIVERS HOMEOWNERS ASSOCIATION |
1997/022123/08 |
In business |
0 |
No |
|
SEURETT
CC |
1998?043629/23 |
In business |
0 |
No |
|
PLOT
44 BRONKHORSTFONTEIN CC |
2007/012484/23 |
In business |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
No information on record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.42 |
|
|
1 |
Rs.72.49 |
|
Euro |
1 |
Rs.63.86 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.