MIRA INFORM REPORT

 

 

Report Date :           

05.04.2012

 

IDENTIFICATION DETAILS

 

Name :

PFISTERER (PTY) LTD

 

 

Formerly Known As :

HARDWARE ASSEMBLIES (PTY) LTD

 

 

Registered Office :

79 Willowton Road, Pietermaritzburg, 3200

 

 

Country :

South Africa

 

 

Date of Incorporation :

19.01.2006

 

 

Com. Reg. No.:

1972/008097/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacture of electronics valves and tubes other electronic components

 

 

No. of Employees :

550

 

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 :

Good

Payment Behaviour :

No Complaints

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

South Africa

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company summary

 

Subject Name

PFISTERER (PTY) LTD

Country

SOUTH AFRICA

Requested Credit Limit

US$150 000 000

Enquiry Terms

30 DAYS

Account Review

6 MONTHS

Subject Contact person

GOEFFREY MYBUGH-033 3975400

 

 

 

Assessment

 

 

 

Total Credit Limit Exposure: R 120 000

 

On the investigation we established  that this a large company effecting a large turnover.

 

The subject is meeting commitments timeously with suppliers.

A bank code could not be obtained because no account number was give due to confidentiality.

 

It is recommended that subject is considered as equal to its normal business engagements.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Information

 

Registered Name

PFISTERER (PTY) LTD

Trading as/ Division Name

None

Previous Name

HARDWARE ASSEMBLIES (PTY) LTD

Date of Name Change

2006-01-19

Registration Number

1972/008097/07

Registration Date

1972-08-04

Date Commenced Trading

1972-08-04

Age of Business

39 Years 7 Months

History of Business

The new slogan (Pfisterer – the power connection) symbolizes the ability of the almost 85-year-old group of companies to offer innovative technologies, customer orientated services and complete solutions from a single supplier

History of Principals

Since the factory for special electrical components was founded by Karl Pfisterer in Stuttgart-Unterturkheim in 1921, taken over by his son Walter in 1942 and energetically expanded by his grandson Karl-Heinz Pfisterer since 1981, the Pfisterer Group has become a successful global player – and yet still looks to the future for further improvement.

Shareholders/Members/Partners of subject and  % holding

100 %PFISTERER SEFAG  AG

 in SWITZERLAND

Authorised Share Capital

Unavailable

Issued Share Capital/Members Contribution

Unavailable

Status

This Business is Active

Operations Assessment

Overhead line equipment, Railway Catenary Systems, Cable Systems and Components

Industry/ Customers

Transnet, Eskom

Export

AUSTRALIA, INDIA, EUROPE etc.

Major Industry Code / SICC

3710

Definition of Code

Manufacture of electronics valves and tubes other electronic components.

Head Office Physical Address

 

 

79 Willowton Road

PIETERMARITZBURG

3200

Head Office Postal Address

 

 

 

PO Box 4004

PIETERMARITZBURG

3200

Current Tel Number

033 3975400

Cell number

083 4433880

Current Fax Number

033 3876377

Current Email Address

Pfisterer@iafrica.com

Web Site Address

www.pfisterer.com

 

 

Auditors Information

 

Company Registered Name

BDO SOUTH AFRICA (KZN) INC

Trading Name

None

Registration Number

1995/002310/21

Physical Address

BDO HOUSE

1 Riche Forn Circle

Richeside office

MHLANGA

4753

Postal Address

PO Box 47

UMHLANGA

4753

Contact Person

Brian

Contact Number

031 5147000

Email

Unavailable

Principals

43

Judgements Against Subject

None

Judgements Against Principals

None

Subject Verified as Client

Yes

SAICA number

0315368021

VAT Number

4910148685

Tax Number

9040488844

BEE Status

Yes

Financial Year End

December

Years With Auditors

4 Years

Website

www.bdo.co.za

 

Previous Auditors

Company Name

Phone Number

Time with previous auditors

MITCHELL

 

21 Years

BDO SPENCER STEWARD (MIDLANDS) INC

 

 

Unknown

BDO SPENCER STEWARD (KZN) INC

 

 

Unknown

KPMG AIKEN AND PEAT

 

21 Years

 

 

Tax Information

 

Vat Number

4750102714

Status

Active

Vat Liable Date

1991-09-30

Tax Number

9270062210

Tax Clearance Expire Date

Unavailable

Financial Year End

December

 

 

Black Economic Empowerment

 

Status

Yes

Score

Level 4

Expire Date

Unavailable

BEE Certificate Available

Yes

 

 

ISO Status

 

Type of ISO Grade

Unavailable

ISO Certificate

 

ISO Certificate Available

 

Certified by an Accredited Agent

 

 

 

Workman’s compensation

 

Registered

Yes

Compliance Certified

Yes

 


Company Structure

 

Subsidiaries

Subsidiary Company

None

Shareholding

 

Registration Number

 

Import / Export

 

 

Number of Employees

550

1.       Salaried employees

210

2.       Waged employees

240

3.       Permanent employees

 

4.       Casual employees

 

5.       Contracted employees

 

 



Company Fleet

No of vehicles:

Owned/ Leased

Value

Outstanding Balance

Fleet Operations

5

Owned

 

 

The Fleet is made up of

 

1.       Cars

 

 

 

 

2.       Light Delivery Vehicles

 

 

 

 

3.       Trailers

 

 

 

 

4.       Busses

 

 

 

 

5.       Trucks

5

 

 

 

6.       Fork Lifts

 

 

 

 

7.       Other

 

 

 

 

 

Offices

Offices / Warehouse


Head Office Owned/ Rented

Owned

Rental Company

 

Owned by

PFISTERER (PTY) LTD

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

Offices / Warehouse

 


 

Branches Names

Country

Province

None

 

 

 


Branches Owned/ Rented

None

Rental Company

 

Owned

 

Value

 

Bank

 

Bond

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

 

 

Management Overview

                                               

Organisation chart

Level

Position

Name

1

DIRECTOR

SAMUEL ANSORGE

1

DIRECTOR

KONSTANTIN PAPAILIOU

1

DIRECTOR

HANS JOSEF WICKI

1

DIRECTOR

MANFRED PETER

1

DIRECTOR

DAVID MULLER

1

DIRECTOR

GEOFFREY MYBURGH

1

DIRECTOR

JOHN SCHRON

 

 

Company Structure (Ownership)

 

Note: One level up and all levels down

           

Holding

Company

Sub

100%PFISTERER SEFAG  AG SWITZERLAND

PFISTERER (PTY) LTD

None

 

 

Trade References

 

Key deals signed within the past 12 months.

Company

Value

Contact

Yes

Deemed Confidential

 

 

 

 

 

Trade Reference nr

Supplier

Contact

1

PRESSURE COASTING

033 3975500

        2 

INSANE FATE

033 3451925

3

ZIMALCO

011 9144300

4

AA GEVERNAZO

033 3875783

 

Trade References Detail

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

15 Years

Open Account

R 2 000 000

30 Days

R 2 000 000

30 Days

Excellent

2

Do

Not

Give

Trade

Reference

 

 

3

Do

Not

Give

Trade

Reference

 

 

4

8 Years

R 120 000

R 115 000

30 Days

R 115 000

30 Days

Excellent

 

 

Adverse Information on Subject

 

Judgements

Judgements

None

Possible Judgements

None

Civil Court

None

RDs

None

 

 

Business Rescue

Date registered

Business rescue practitioner

Contact Information

Details

None

 

 

 

 

Default Listings

Date

Details

None

 

 

 

Notarial Bonds

Date

Details

None

 

 

Bank Information

 

Bank

STANDARD BANK

Branch

PIETERMARITZBURG

Bank Account Number

Deemed Confidential

Type of Account

CURRENT

Account Name

PFISTERER (PTY) LTD

Overdraft Facilities

Yes

 

 

Bank Codes History

Date requested

Bank Code

Enquiry Amount

Number of RD’s

RD amount

RD Date

Bank Comments

Years with bank

None

 

 

 

 

 

 

 

 

 

Previous Bank Accounts

Banker

Branch Code

Account Holder

Account number

Date opened

Years with bank

None

 

 

 

 

 

 

 

Deeds Information

 

Property Interestsfor Company

Title Deed No.

T24962/2010

Erf/Site No.

 

Deeds Office

PIETERMARITZBURG

Physical Address

7 WILLOWTON

PIETERMARITZBURG

Property Type

Freehold / Ervin

Extent / Size

4047.0SQM

Purchase Date

2010-01-25

Purchase price

R 6 000 000.00

% Ownership

0.0000

Bond Holder

STANDARD BANK

Bond Number

B160982010

Bond Amount

R 5 470 000.00

 

 

Property Interestsfor Company

Title Deed No.

T26811/2002

Erf/Site No.

 

Deeds Office

PIETERMARITZBURG

Physical Address

15A WILLOWTON

PIETERMARITZBURG

Property Type

Freehold / Ervin

Extent / Size

3291.0SQM

Purchase Date

2002-02-08

Purchase price

R 405 000.00

% Ownership

0.0000

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 


Property Interestsfor Company

Title Deed No.

T56572/2000

Erf/Site No.

 

Deeds Office

PIETERMARITZBURG

Physical Address

9 WILLOWTON

PIETERMARITZBURG

Property Type

Freehold / Ervin

Extent / Size

6072.0SQM

Purchase Date

2000-10-25

Purchase price

R 1 880 000.00

% Ownership

0.0000

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

 

Financial Information

 

Financial Estimates

CURRENT ASSETS

 

Stock

R 65 000 000.00

Debtors

 

FIXED ASSETS

 

Plant, Equipment, Vehicles

 

Property

 

CURRENT LIABILITIES

R 15 000 000.00

Creditors

 

Loans/ From?

 

LONG TERM LIABILITIES

 

Morgage Bonds

R 2 500 000.00

Previous Year Turnover

 

Estimated Current Year Turnover

 

Current Turnover per month

R 30 000 000.00

Current Turnover per annum

R 360 000 000.00

 

 

Please note the following:

Turnover and assets less than R 1,000,000.00

The subject falls within the National Credit Act

Turnover and assets less than R 2,000,000.00

The subject falls within the Consumer Protection Act

 

Principals

Number of Principals

7

Average Age of Active Principals

53

 

Active Principals

 

Principal 1 of 7: SAMUEL ANSORGE

Surname

ANSORGE

First Name

SAMUEL

Other Names

None

Marital Status

Active

ID Number

700208000000

Verified ID Number

No

Current Age

42

Designation

Director

Status

Active

Appointment Date

2006-01-01

Physical Address (at time of Appointment)

80 Hofmatt

HAGENDORN

6332

Postal Address

7 Werkstrasse

MALTERS

6102

Current Tel Number

033 3975400

Cell number

Unavailable

Current Fax Number

033 3876377

Current Email Address

Unavailable

Shareholding

(if the principal owns shares)

 

Adverse Information for :SAMUEL ANSORGE

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: SAMUEL ANSORGE

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 


 

Deeds Information

 

Property Interestsfor: SAMUEL ANSORGE

Title Deed No.

None

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 7: KONSTANTIN PAPAILIOU

Surname

PAPAILIOU

First Name

KONSTANTIN

Other Names

None

Marital Status

Unavailable

ID Number

4607030000000

Verified ID Number

Director

Current Age

66

Designation

Director

Status

Active

Appointment Date

2003-12-12

Physical Address (at time of Appointment)

Werkstrasse 7

MALTER

6102

Postal Address

Werkstrasse 7

MALTER

6102

Current Tel Number

033 3975400

Cell number

Unavailable

Current Fax Number

033 3876377

Current Email Address

Pfisterer@iafrica.com

Shareholding

(if the principal owns shares)

 

Adverse Information for: KONSTANTIN PAPAILIOU

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

 


Business Information for: KONSTANTIN PAPAILIOU

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

Deeds Information

 

Property Interestsfor: KONSTANTIN PAPAILIOU

Title Deed No.

None

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 7: HANS JOSEF WICKI

Surname

WICKI

First Name

JOSEF

Other Names

HANS

Marital Status

Unavailable

ID Number

6402180000000

Verified ID Number

No

Current Age

48

Designation

Director

Status

Active

Appointment Date

2003-12-12

Physical Address (at time of Appointment)

7 Roggerliweg

HERGISWIL

6052

Postal Address

7 Werkstrasse

MALTER

6102

Current Tel Number

033 3975400

Cell number

Unavailable

Current Fax Number

033 3876377

Current Email Address

Pfisterer@iafrica.com

Shareholding

(if the principal owns shares)

 


 

Adverse Information for: HANS JOSEF WICKI

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: HANS JOSEF WICKI

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

Previous Business Interests

Average Age of Previous Business Interests

8 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

PFSTERER SA (PTY) LTD

2003/026456/07

Deregistration

Final

8 Years

5 Months

0

No

 

Deeds Information

 

Property Interestsfor: HANS JOSEF WICKI

Title Deed No.

None

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 7: MANFRED PETER

Surname

PETER

First Name

MANFRED

Other Names

None

Marital Status

Unknown

ID Number

510227000000

Verified ID Number

No

Current Age

61

Designation

Director

Status

Active

Appointment Date

2003-12-12

Physical Address (at time of Appointment)

KastaniebaumStraat 270

KASTANIEBAUM

6047

Postal Address

PO Box 4004

PIETERMARITZBURG

3200

Current Tel Number

033 3975400

Cell number

Unavailable

Current Fax Number

033 3876377

Current Email Address

Pfisterer@iafrica.com

Shareholding

(if the principal owns shares)

 

Adverse Information for: MANFRED PETER

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: MANFRED PETER

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

Deeds Information

 

Property Interestsfor: MANFRED PETER

Title Deed No.

None

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 7: DAVID MULLER

Surname

MULLER

First Name

DAVID

Other Names

None

Marital Status

Married

ID Number

7003095197080

Verified ID Number

Yes

Current Age

42

Designation

Director

Status

Active

Appointment Date

2006-04-05

Physical Address (at time of Appointment)

16 Dan Pienaar Drive

CLARENDON

3201

Postal Address

16 Dan Pienaar Drive

CLARENDON

3201

Current Tel Number

033 3975400

Cell number

Unavailable

Current Fax Number

033 3876377

Current Email Address

Pfisterer@iafrica.com

Shareholding

(if the principal owns shares)

 

Adverse Information for: DAVID MULLER

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for :DAVID MULLER

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 


Deeds Information

 

Property Interestsfor: DAVID MULLER

Title Deed No.

None

Erf/Site No.

 

Deeds Office

 

Physical Address

 

Property Type

 

Extent / Size

 

Purchase Date

 

Purchase price

 

% Ownership

 

Bond Holder

 

Bond Number

 

Bond Amount

 

 

Principal 6 of 7: GEOFFREY MYBURGH

Surname

MYBURGH

First Name

GEOFFREY

Other Names

None

Marital Status

Married

ID Number

6010295070083

Verified ID Number

Yes

Current Age

52

Designation

Director

Status

Active

Appointment Date

1996-01-07

Physical Address (at time of Appointment)

36 Warwicks Road

PIETERMARITZBURG

3201

Postal Address

PO Box 4004

PIETERMARITZBURG

3200

Current Tel Number

033 3975400

Cell number

Unavailable

Current Fax Number

033 3876377

Current Email Address

Pfisterer@iafrica.com

Shareholding

(if the principal owns shares)

 

Adverse Information for: GEOFFREY MYBURGH

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 


Business Information for: GEOFFREY MYBURGH

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

JACARANDA PRE-PRIMARY SCHOOL

1962/000001/08

In Business

50 Years

2 Months

0

No

MUSTANG HOSESHOES CC

1989/036937/23

Conversion CO/CC or CC/CO

22 Years

4 Months

0

No

SPEEDCRAFT MANUFACTURING (PTY) LTD

1997/019240/07

In Business

14 Years

4 Months

0

No

LOT 263 UMZUMBE CC

2000/069689/23

In Business

11 Years

4 Months

0

No

DYNAMO INSULATORS (PTY) LTD

2001/020115/07

Deregistration

Process

10 Years

7 Months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

20 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

A S F INVESTMENTS (PTY) LTD

1980/000414/07

Deregistration

Final

32 Years

2 Months

0

No

PFISTERER

2003/026456/07

Deregistration

Final

10 Years

7 Months

0

No

 

 

Deeds Information

 

Property Interestsfor: GEOFFREY MYBURGH

Title Deed No.

ST34017/2010

Erf/Site No.

845.10

Deeds Office

PIETERMARITZBURG

Physical Address

501 CHASE VALLEY

HEIGHTS PIETERMARITZBURG

Property Type

Sectional Title / Unit

Extent / Size

59.0SQM

Purchase Date

2010-08-29

Purchase price

R 620 000.00

% Ownership

0.0000

Bond Holder

STANDARD BANK SA

Bond Number

SB219052010

Bond Amount

R 420 00.00

 

Title Deed No.

T21443/2002

Erf/Site No.

 

Deeds Office

PIETERMARITZBURG

Physical Address

48 BROOKBY PRESTBURY

PIETERMARITZBURG

Property Type

Freehold / Ervin

Extent / Size

1270.0SQM

Purchase Date

2002-03-06

Purchase price

R 422 000.00

% Ownership

0.0000

Bond Holder

ABSA BANK LTD

Bond Number

B136912002

Bond Amount

R 422 000.00

 

 

Principal 7 of 7: JOHN SCHORN

Surname

SCHORN

First Name

JOHN

Other Names

None

Marital Status

Married

ID Number

5007145089009

Verified ID Number

Yes

Current Age

62

Designation

Director

Status

Active

Appointment Date

1985-08-21

Physical Address (at time of Appointment)

23 Shelbourne Avenue

LA LUCIA RIDGE

4019

Postal Address

PO Box 4476

LA LUCIA RIDGE

4019

Current Tel Number

033 3975403

Cell number

082 4424683

Current Fax Number

033 3876377

Current Email Address

Unknown

Shareholding

(if the principal owns shares)

 

Adverse Information for: JOHN SCHORN

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: JOHN SCHORN

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

MUSTANG HORSESHOES CC

1989/036937/07

Conversion CO/CC or CC/CO

39 Years

7 Months

0

No

SPEEDCRAFT MANUFACTURING (PTY) LTD

1997/019240/07

In Business

14 Years

4 Months

 

0

No

DYNAMO INSULATORS (PTY) LTD

2001/020115/07

Deregistration

Process

10 Years

7 Months

0

No

BLAZE BRAAI PRODUCTS CC

B1999/048725/23

Conversion CO/CC or CC/CO

12 Years

7 Months

0

No

CATO PALLET AND CRATE CC

B2009/085257/23

In Business

2 Years

10 Months

0

No

CHRISNIC INVESTMENTS CC

B2009/134671/23

In Business

2 Years

8 Months

0

No

BLAZE PROPERTY INVESTMENT CC

B2004/101619/23

Conversion CO/CC or CC/CO

7 Years

6 Months

0

No

WHBS CC

B2010/001749/23

Conversion CO/CC or CC/CO

2 Years

2 Months

0

No

 BLAZE DISTRIBUTION (PTY) LTD

K2012/031217/07

In Business

1 Months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

52 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

KEENSIDE CC

1985/001776/23

Deregistration

Final

27 Years

1 Months

0

No

BLAZE TIMBER CC

2006/080120/23

Deregistration

Final

5 Years

10 Months

0

No

PRESSURE DIE CASTING (PTY) LTD

M1954/001489/07

In Business

57 Years

9 Months

0

No

ALUMINIUM SQUEEZE CASTERS (PTY) LTD

M1999/016954/07

In Business

12 Years

7 Months

0

No

 


 

Deeds Information

Property Interestsfor: JOHN SCHORN

Title Deed No.

None

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.51.05

UK Pound

1

Rs.81.09

Euro

1

Rs.67.39

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.