|
Report Date : |
16.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
EXXARO
SANDS (PTY)LTD |
|
|
|
|
Formerly Known As : |
TICOR
SOUTH AFRICA KZN |
|
|
|
|
Registered Office : |
Exxaro
Corporate Centre, Roger Dyason Road, Pretoria, Gauteng, 0183 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
15.04.1987 |
|
|
|
|
Com. Reg. No.: |
M1987/001627/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Mining of
Coal and Lignite |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 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 |
|
Subject
Name |
EXXARO
SANDS |
|
Country |
South
Africa |
|
Subject
Contact Person |
CLAIRE
- 0123074402 or RUDDY ATAR 0359027808 |
|
Assessment |
On
investigation we have established that this is a large, well connected
company.The company has branches in AUSTRALIA and the UK.We await for
information from a Financial Manager, MR RUDDY ATAR.Please see the available
information below. |
|
Registered
Name |
EXXARO
SANDS (PTY)LTD |
|
Trading
as/ Division Name |
|
|
Previous
Name |
TICOR
SOUTH AFRICA KZN |
|
Date
of Name Change |
Nov
8 2006 12:00AM |
|
Registration
Number |
M1987/001627/07 |
|
Registration
Date |
1987/04/15 |
|
Date
Commenced Trading |
1987-04-15 |
|
Age
of Business |
25
Years 4 Months |
|
History
of Business |
Exxaro is a South
Africa-based mining group, listed on the JSE Limited, a constituent of the
JSE's Top 40 index and one of the best-performing constituents of the JSE's
Socially Responsible Investment (SRI) index. At 31 December 2011, Exxaro had
assets of R37 billion and a market capitalisation of R60 billion (US$7
billion).Exxaro has a diverse and world-class commodity portfolio in coal,
mineral sands, base metals and ferroalloys, and growing exposure to iron ore
through its interest in Sishen Iron Ore Company and acquisition of African
Iron.As the second-largest South African coal producer with capacity of 47
million tonnes per annum and the third-largest global producer of mineral
sands, Exxaro provides a unique listed investment opportunity into these
commodities |
|
History
of Principals |
|
|
Shareholders/Members/Partners
of subject and % holding |
|
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
coal,
mineral sands and base metals and industrial minerals |
|
Industry/
Customers |
ESKOM |
|
Export |
|
|
Major
Industry Code / SICC |
21000 |
|
Definition
of Code |
MINING
OF COAL AND LIGNITE |
|
Head
Office Physical Address |
EXXARO
CORPORATE CENTRE, ROGER DYASON ROAD, PRETORIA, Gauteng, 0183 |
|
Head
Office Postal Address |
P
O BOX 9229, PRETORIA, Gauteng, 0001 |
|
Current
Tel Number |
012307500/4843 |
|
Cell
Number |
0123233400 |
|
Current
Fax Number |
0123233400 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
IN
PROCESS OF CHANGING THE NAME OF THE COMPANY. |
|
Company
Registered Name |
PRICEWATERHOUSECOOPERS
INC |
|
Trading
Name |
PWC
INC |
|
Registration
Number |
1998/012055/21 |
|
Physical
Address |
2
Eglin Road, SUNNINGHILL, 2157 |
|
Postal
Address |
Private
Bag X36, SUNNINGHILL, 2157 |
|
Contact
Person |
THEMBI
SHONGWE |
|
Contact
Number |
011
7974000 |
|
Email |
|
|
Principals |
246 |
|
Judgements
Against Subject |
|
|
Judgements
Against Principals |
|
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
|
|
VAT
Number |
4950174682 |
|
Tax
Number |
9343032844 |
|
BEE
Status |
Level
2 |
|
Financial
Year End |
June |
|
No
of years in Business |
|
|
Website |
|
|
Comment |
|
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
PRICEEWATERHOUSECOOPERS |
|
13 |
|
|
DELOITE & TOUCHE |
|
2 |
|
|
Vat
Number |
4500118130 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9360009600 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
December |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
4.00 |
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Comment |
|
|
|
|
|
ISO
Information - No Information on Record |
|
Company
Structure
Subsidiaries
Information - No Information on Record
Employees
Information - No Information on Record
Company
Fleet Information - No Information on Record
Offices
Information - No Information on Record
Branch
Information
|
Branches Names |
Country |
Province |
|
CAPE TOWN |
South Africa |
|
|
KWAZULU NATAL |
South Africa |
|
|
AUSTRALIA |
|
|
|
UK |
|
|
|
Branch
Detail Information |
||
|
Branches
Owned/ Rented |
|
|
|
Rental
Company |
|
|
|
Owned
by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type
of Premises |
|
|
|
Comment |
|
|
Management
Overview
Organisational
Chart - No Information on Record
Company
Structure Information - No Information on Record
Note: One
level up and all levels down
Key Deals
- No Information on Record Trade References Information - No Information on
Record
Adverse
Information on Subject
Judgements
- No information on record BusinessRescue - No Information on Record
Default
Listing - No information on record Notarial Bonds - No information on record
Bank
Information - No Information on Record Bank Code History - No Information on
Record
Previous
Bank Account Information - No Information on Record
Property
Interests for Company EXXARO SANDS
|
Title
Deed No. |
T32727/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
|
|
Property
Type |
Farms |
Extent
/ Size |
208.6971H |
|
Purchase
Date |
1998/11/11 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T32727/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
UMHLATHUZE
RURAL |
|
Property
Type |
Farms |
Extent
/ Size |
76.1254H |
|
Purchase
Date |
1998/11/11 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T29284/2010 |
Erf/Site
No. |
|
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
46
GRENACHE LUTZVILLE WEST LUTZVILLE |
|
Property
Type |
Freehold |
Extent
/ Size |
1223.0SQM |
|
Purchase
Date |
2007/01/18 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T64206/2000 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
UMLALAZI
RURAL |
|
Property
Type |
Farms |
Extent
/ Size |
123.852H |
|
Purchase
Date |
2000/09/19 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T42156/1997 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
BA-PHALABORWA
RURAL |
|
Property
Type |
Farms |
Extent
/ Size |
705.2161H |
|
Purchase
Date |
1996/11/07 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T39931/2005 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
EMPANGENI |
|
Property
Type |
Freehold |
Extent
/ Size |
21.6880H |
|
Purchase
Date |
2004/10/18 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T42156/1997 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
BA-PHALABORWA
RURAL |
|
Property
Type |
Farms |
Extent
/ Size |
187.8601H |
|
Purchase
Date |
1996/11/07 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T37241/1997 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
|
|
Property
Type |
Farms |
Extent
/ Size |
615.1094H |
|
Purchase
Date |
1996/09/03 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T4925/2009 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
|
|
Property
Type |
Farms |
Extent
/ Size |
20.2342H |
|
Purchase
Date |
2007/12/21 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T42156/1997 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
BA-PHALABORWA
RURAL |
|
Property
Type |
Farms |
Extent
/ Size |
118.1995H |
|
Purchase
Date |
1996/11/07 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T36531/2010 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
UMLALAZI
RURAL |
|
Property
Type |
Farms |
Extent
/ Size |
4.5119H |
|
Purchase
Date |
2010/08/23 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
K9851990S |
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T25217/2010 |
Erf/Site
No. |
|
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
13
CORMORANT MYBURGH PARK LANGEBAAN |
|
Property
Type |
Freehold |
Extent
/ Size |
760.0SQM |
|
Purchase
Date |
2007/01/18 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T32727/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
|
|
Property
Type |
Farms |
Extent
/ Size |
244.1636H |
|
Purchase
Date |
1998/11/11 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T20197/2003 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
|
|
Property
Type |
Farms |
Extent
/ Size |
10.1172H |
|
Purchase
Date |
2002/10/08 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
STANDARD
BANK OF SOUTH AFRICA L |
|
Bond
Number |
B141461998 |
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T64206/2000 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
UMLALAZI
RURAL |
|
Property
Type |
Farms |
Extent
/ Size |
122.8001H |
|
Purchase
Date |
2000/09/19 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T32727/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
|
|
Property
Type |
Farms |
Extent
/ Size |
38.5554SQM |
|
Purchase
Date |
1998/11/11 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T7986/2005 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
|
|
Property
Type |
Farms |
Extent
/ Size |
10.1172SQM |
|
Purchase
Date |
2003/05/14 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
R
S A |
|
Bond
Number |
K25282000RM |
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T25204/2010 |
Erf/Site
No. |
|
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
46 KLIPFONTEIN
RUSFONTEIN VREDENBURG |
|
Property
Type |
Freehold |
Extent
/ Size |
566.0SQM |
|
Purchase
Date |
2007/02/05 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
ANGLO
OPERATIONS LTD |
|
Bond
Number |
VA84292005 |
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T17953/2008 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
|
|
Property
Type |
Farms |
Extent
/ Size |
80.9372H |
|
Purchase
Date |
2007/12/21 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
K20791991PC |
Bond
Amount |
|
|
Comment |
|
||
|
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 |
3 |
|
Average
Age of Active Principals |
51 |
|
Active
Principals Principal - 1 of 4 THOMAS JOSEPH CASEY |
|
|
Surname |
CASEY |
|
First
Name |
THOMAS
JOSEPH |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
485966858 |
|
Verified
ID Number |
No |
|
Current
Age |
60 |
|
Designation |
CHAIRMANS
& CEO |
|
Status |
Active |
|
Appointment
Date |
2012/06/15 |
|
Physical
Address (at time of Appointment) |
DH3,
3000 S OCEAN BLVD,, PALM BEACH, FLORIDA, 33480, USA, 0000 |
|
Postal
Address |
DH3,
3000 S OCEAN BLVD,, PALM BEACH, FLORIDA, PALM BEACH, FLORIDA, 33480, USA,
0000 |
|
Current
Tel Number |
0123075000/4843 |
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Business
Information for THOMAS JOSEPH CASEY Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
EXXARO SANDS
(PTY)LTD |
M1987/001627/07 |
In Business |
25 Years 4 Months |
0 |
No |
|
|
EXXARO TSA SANDS
(PTY)LTD |
M1998/001039/07 |
In Business |
14 Years 7 Months |
0 |
No |
|
Principal
Previous Business Interests
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
Principal
ROBERT
CHARLES GIBNEY
|
Surname |
GIBNEY |
|
First
Name |
ROBERT
CHARLES |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
710445883 |
|
Verified
ID Number |
No |
|
Current
Age |
50 |
|
Designation |
SENIOR
VICE PRESIDENT |
|
Status |
Active |
|
Appointment
Date |
2012/06/15 |
|
Physical
Address (at time of Appointment) |
3332
MW, 172ND, EDMOND, OK, 73012, 0000 |
|
Postal
Address |
ONE STAMFORD
PLAZA, 263 TRESSER BLVD, 263 TRESSER BLVD, STE 1100, STAMFORD, 0000 |
|
Current
Tel Number |
0123075000 |
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Business
Information for ROBERT CHARLES GIBNEY Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
EXXARO SANDS
(PTY)LTD |
M1987/001627/07 |
In Business |
25 Years 4 Months |
0 |
No |
|
|
EXXARO TSA SANDS
(PTY)LTD |
M1998/001039/07 |
In Business |
14 Years 7 Months |
0 |
No |
|
Principal
Deeds Information Property Interests for ROBERT CHARLES GIBNEY
PRAVINDRAN
ARRAN
|
Surname |
ARRAN |
|
First
Name |
PRAVINDRAN |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
6705255060087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
45 |
|
Designation |
EXECUTIVE
GENERAL MANAGER, CORPORATE |
|
Status |
Active |
|
Appointment
Date |
2009/06/11 |
|
Physical
Address (at time of Appointment) |
45
SHANDON WAY, PARKMORE, SANDTON, JOHANNESBURG, 2144 |
|
Postal
Address |
P
O BOX 9229, PRETORIA, PRETORIA, 0001 |
|
Current
Tel Number |
0112402529 |
|
Cell
number |
0834986244 |
|
Shareholding/Membership |
0.0000 |
Business
Information for PRAVINDRAN ARRAN Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
KUMBA BASE METALS
LTD |
1967/004375/06 |
In
Business |
45 Years
4 Months |
0 |
No |
|
|
CULLINAN REFRACTORIES LTD |
M1971/007066/06 |
In
Business |
41 Years
2 Months |
0 |
No |
|
|
EXXARO SANDS
(PTY)LTD |
M1987/001627/07 |
In
Business |
25 Years
4 Months |
0 |
No |
|
|
EXXARO TSA SANDS
(PTY)LTD |
M1998/001039/07 |
In
Business |
14 Years
7 Months |
0 |
No |
|
|
EXXARO HOLDINGS SANDS (PTY)LTD |
M2001/009681/07 |
In Business |
11 Years
3 Months |
0 |
No |
|
|
INTERNATIONAL
ZINC ASSOCIATION SOUTHERN AFRICA |
M2002/014530/08 |
In
Business |
10 Years
2 Months |
0 |
No |
|
|
EXXARO FERROALLOYS (PTY)LTD |
M2004/010253/07 |
In
Business |
8 Years
4 Months |
0 |
No |
|
|
EXXARO
BASE METALS
AND INDUSTRIAL
MINERALS HOLDINGS (PTY)LTD |
M2005/015352/07 |
In
Business |
7 Years
3 Months |
0 |
No |
|
Principal previous business interests
Average Age of Previous Business 30
Years
|
Company Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
TECHCORP
CC |
2004/045126/23 |
Deregistration
Final |
8 Years
3 Months |
0 |
No |
|
|
GLEN
DOUGLAS DOLOMITE (PTY)LTD |
M1934/005306/07 |
In
Business |
78 Years
6 Months |
0 |
No |
|
|
EXXARO BASE METALS (PTY)LTD |
M1967/004375/07 |
In
Business |
45 Years
4 Months |
0 |
No |
|
|
INYANDA
COAL (PTY)LTD |
M2001/018556/07 |
In
Business |
11 Years |
0 |
No |
|
|
EXXARO PEOPLE DEVELOPMENT INITIATIVE |
M2003/008442/08 |
In
Business |
9 Years
4 Months |
0 |
No |
|
Principal Deeds
Information
Property Interests
for PRAVINDRAN ARRAN
|
Title
Deed No. |
T36311/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
30
BRIGHTON NEW BRIGHTON SANDTON |
|
Property
Type |
Freehold |
Extent
/ Size |
356.0SQM |
|
Purchase
Date |
1999/01/20 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
STANDARD
BANK OF SOUTH AFRICA L |
|
Bond
Number |
B177931999 |
Bond
Amount |
|
|
Comment |
|
||
|
Property
Interests for PRAVINDRAN ARRAN |
|||
|
Title
Deed No. |
T86460/2010 |
Erf/Site
No. |
|
|
Deeds
Office |
PRETORIA |
Physical
Address |
BENMORE
GARDENS SANDTON |
|
Property
Type |
Freehold |
Extent
/ Size |
1026.0SQM |
|
Purchase
Date |
2010/08/30 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
INVESTEC
BANK LTD |
|
Bond
Number |
B569342010 |
Bond
Amount |
|
|
Comment |
|
||
Principal
- 4 of 4 SIPHO NKOSI
|
Surname
|
NKOSI |
|
First
Name |
SIPHO |
|
Current
Tel Number |
0359027000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.64 |
|
|
1 |
Rs.87.31 |
|
Euro |
1 |
Rs.68.81 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 SCs 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.