MIRA INFORM REPORT

 

 

Report Date :           

11.04.2012

 

IDENTIFICATION DETAILS

 

Name :

MENDAL WELDING (PTY) LTD

 

 

Registered Office :

Plot 5646 Nakedi Road, Broadhurst Industrial Site, Gaborone, Botswana

 

 

Country :

South Africa

 

 

Date of Incorporation :

Not Available

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Private Company

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

Payment Behaviour :

---

Litigation :

---

 

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, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

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

MENDAL WELDING (PTY) LTD

Country

BOTSWANA

Requested Credit Limit

US$150 000 000

Enquiry Terms

D/A

Account Review

EVERY 3 MONTHS

Subject Contact person

SHANE-00267 3971880

 

 

 

Assessment

 

 

 

On investigation we contacted SHANE, the Financial Manager of the company.

 

He refused to disclose information about the company and said there’s no need to provide such information as they only deal with COD when dealing with India and other overseas countries.

 

We are attempting to obtain registration documents though an agent and will forward if they are made available.

 

In view of the total absence of information as the subject is situated in BOTSWANA we cannot recommend any credit dealings.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Information

 

Registered Name

MENDAL WELDING (PTY) LTD

Trading as/ Division Name

None

Previous Name

None

Date of Name Change

None

Registration Number

None

Registration Date

None

Date Commenced Trading

None

Age of Business

None

History of Business

None

History of Principals

None

Shareholders/Members/Partners of subject and  % holding

None

Authorised Share Capital

None

Issued Share Capital/Members Contribution

None

Status

This Business is Active

Operations Assessment

None

Industry/ Customers

None

Export

None

Major Industry Code / SICC

None

Definition of Code

None

 

Head Office Physical Address

 

 

Plot 5646 Nakedi Road

Broadhurst Industrial Site

GABORONE

BOTSWANA

Head Office Postal Address

 

P.O. Box 2359

GABORONE

BOTSWANA

Current Tel Number

00267 3971880

Cell number

None

Current Fax Number

00267 3971880

Current Email Address

mendelweld@it.bw

Web Site Address

None

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.20

UK Pound

1

Rs.81.50

Euro

1

Rs.67.15

 

 

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.