MIRA INFORM REPORT

 

 

Report Date :

31.08.2012

 

IDENTIFICATION DETAILS

 

Name :

HI TECH INKS AFRICA (PTY) LTD

 

 

Formerly Known As :

JICAMA 318 (PTY)LTD

 

 

Registered Office :

4 Teakwood Road, Jacobs, Durban

 

 

Country :

South Africa

 

 

Date of Incorporation :

15.03.2010

 

 

Com. Reg. No.:

2010/005131/07

 

 

Legal Form :

Manufacturer of Printing Inks

 

 

Line of Business :

Private Company

 

 

No. of Employees :

200 employees

 

 

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 :

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

 


 

SOUTH AFRICA - ECONOMIC OVERVIEW

 

south Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. State power supplier Eskom encountered problems with aging plants and meeting electricity demand necessitating "load-shedding" cuts in 2007 and 2008 to residents and businesses in the major cities. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing growing pressure from special interest groups to use state-owned enterprises to deliver basic services to low-income areas and to increase job growth.

 

 

Source : CIA

 

 

 


 

Subject Name

HI-TECH INKS AFRICA (PTY)LTD

Country

South Africa

Subject Contact Person

KARYANI NAIDOO - Financial Administrator

Assessment

This is an established business.

 

On investigation we made contact with the subject and we were referred to the Financial Administrator KARYANI NAIDOO who assisted with most of the information.

 

However MRS. NAIDOO has declined to assist with the financials for the subject.

 

The subject is meeting commitments timeously with suppliers.

 

We obtained a bank code C for an amount of R 150 000 over a period of 30 Days. Please see the available information for the subject below.

 

 

Company information

 

Registered Name

HI TECH INKS AFRICA (PTY)LTD

Trading as/ Division Name

HI TECH INKS AFRICA

Previous Name

JICAMA 318 (PTY)LTD

Date of Name Change

2010-09-25

Registration Number                                                

2010/005131/07

Registration Date

2010/03/15

Date Commenced Trading

2010-03-15

Age of Business

2 Years 5 Months

History of Business

The subject commenced as a new business in 2010 and had a name change in 2010-09-25.

History of Principals

There are 10 Active Directors within the company.

Authorised Share Capital

R1000.00

Issued Share Capital/Members Contribution

R 100.00

Status

In Business

Operations Assessment

Manufacture of Printing Inks

Industry/ Customers

Printing Industry

Export Countries

Ghana, lndia, Martinique

Major Industry Code / SICC

32520

Head Office Physical Address

4 Teakwood Road, JACOBS, DURBAN,

Head Office Postal Address

PO BOX 13087, JACOBS, 4023

Current Tel Number

031 4650601

Current Fax Number

031 4650890

Current Email Address

kalyani.naidoo@hitechinks.co.za

 

 

Auditors information

 

Company Registered Name

DEVOS RICHARDS

Trading Name

DEVOS RICHARDS

Registration Number

5909145013089

Physical Address

PANORAMA OFFICE ESTATE-UNIT 3, KUDU STREET, ALLENS NEK, 1737

Postal Address

P 0 BOX 6910, WESTGATE, 1734

Contact Number

01106757866

Principals

1

Subject Verified as Client

Yes

Practice Number

914584

VAT Number

4450115011

Financial Year End

February

No of years in Business

2

 

Previous Auditors Information - No Information on Record

 

 

Tax information

 

Vat Number

4380256919

Status

ACTIVE

Vat Liable Date

2010/12/01

Tax Number

9480804161

Financial Year End

February

Black Economic Empowerment

Status

Yes

Score

4.00

Expire Date

Aug 31 2013

BEE Certificate Available

No

 

ISO Information - No Information on Record

Workman's compensation

Registered

Yes

Compliance Certified

Yes

 

 

Company structure

 

Subsidiaries Information - No Information on Record

 

Employees

Number of Employees

200

1. Salaried employees

200

2. Waged employees

---

3. Permanent employees

200

Company Fleet

Company Fleet

No of vehicles:

Ownerd/Leased

Value

Outstanding Balance

Fleet Operations

 

 

 

 

The Fleet is made up of

3

Cars

3

Owned

 

 

 

 

Offices

 

Offices

Offices

Head Office Owned/ Rented

Leased

Rental Company

UNIT 107 COZUMEL

Type of Premises

Offices and factory

Branch Information

Branches Names

Country

Province

HI TECH INKS AFRICA(PTY)LTD

South Africa

JOHANNESBURG

HI TECH INKS AFRICA (PTY)LTD

South Africa

CAPE TOWN

Branch Detail Information

Branches Owned/ Rented

Leased

Rental Company

UNIT 107 COZUMEL

Type of Premises

OFFICES AND FACTORY

 

Branches Owned/ Rented

Leased

Rental Company

GROWTHS PROPERTIES

Comment

Offices and Factory

 

 

Management Overview

 

Organisational Chart - No Information on Record

Note: One level up and all levels down

 

Company Structure Information - No Information on Record

 

Key Deals - No Information Record

 

 

Trade references

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

Comment

1

ANCHOR AAARKET

031 465 8540

 

 

 

2

AFRICAN LOGISTICS

031 2795707

 

 

 

3

SASOL

0313060000

 

 

 

Trade References Detail

 

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

5 Years

 

R150000.00

60 Days

R100000

60 Days

Good

2

5 Years

 

 

60 Days

 

60 Days

Good

3

 

 

 

 

 

 

Still awaiting trade reference.

 

 

Adverse Information on Subject

 

Judgements - No information on record

 

Business Rescue - No Information on Record

 

Default Listing - No information on record

 

Notarial Bonds - No information on record

 

 

Bank information

 

Bank

FIRST NATIONAL BANK

Branch

GLOBAL TRANSACTIONAL SERVICES - DURBAN

Bank Account Number

62287333886

Type of Account

CURRENT

Account Name

HI TECH INKS (PTY)LTD

Bank Code

C

Bank Comment

The subject's bankers consider them good for all business normal engagements

 

 

Bank Code History - No Information on Record

 

Previous Bank Account Information - No Information on Record

 

Deeds Information - No information on record

 


Principals

 

Number of Principals

10

Average Age of Active Principals

48

 

Active Principals Principal - 1of 10 GRAHAM GEORGE PALMER

Surname

PALMER

First Name

GRAHAM GEORGE

Marital Status

Married

ID Number

5009055118018

Verified ID Number

Yes

Current Age

62

Designation

DIRECTOR

Status

Active

Appointment Date

2010/11/24

Physical Address (at time of Appointment)

22 LIEBENBERG STR, CONSTANAI KLOOF, 0000

Postal Address

PO BOX 3405, EDENVALE, 1610

Current Tel Number

0314650601

Cell number

0829048710

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information for GRAHAM GEORGE PALMER

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

JICAMA 318 (PTY) LTD

2010/005131/07

In Business

2 Years 2 Months

0

No

 

KANNAR CC

B2000/000632/23

In Business

0

0

No

 

PERFORMANCE COLOUR SYSTEMS (PTY) LTD

M1969/010925/07

In Business

43 Years 7 Months

0

No

 

TOPAZ INKS (PTY) LTD

M1984/004550/07

Conversion CO/CC or CC/CO

28 Years 4 Months

0

No

 

HI-TECH INKS (PTY) LTD

M1989/007131/07

In Business

23 Years 11 Months

0

No

 

LIQUID COLOURS (PTY) LTD

M1992/005516/07

In Business

20 Years 8 Months

0

No

 

METALVUOTO PACK SOUTH AFRICA (PTY)LTD

M1997/006389/07

In Business

15 Years 3 Months

0

No

 

HI-TECH INKS CAPE (PTY) LTD

M1998/019845/07

In Business

14 Years 2 Months

0

No

 

CHEMIPOL SOLUTIONS (PTY) LTD

M1999/002078/07

In Business

13 Years 1 Months

0

No

 

HI-TECH INKS DURBAN (PTY)LTD

M1999/015084/07

In Business

13 Years 1 Months

0

No

 

HI-TECH INKS GAUTENG (PTY) LTD

M1999/023794/07

In Business

13 Years 1 Months

0

No

 

UNIT 107 COZUMEL INVESTMENTS (PTY) LTD

M1999/024935/07

In Business

13 Years 1 Months

0

No

 

POLYMER COLOUR SYSTEMS (PTY)LTD

M2002/000885/07

In Business

10 Years 10 Months

0

No

 

STAND 28 FOUNDERS HILL (PTY) LTD

M2007/009032/07

In Business

5 Years 5 Months

0

No

 

HI-TECH INKS HOLDINGS (PTY) LTD

M2010/005116/07

In Business

2 Years 2 Months

0

No

 

 

Principal Previous Business Interests

 

Average age of previous business                                                       11 years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CPS CHEMICALS (PTY) LTD

M1993/002289/07

In Business

19 Years 7 Months

0

No

 

STAND 79 FOUNDERS HILL (PTY)LTD

M1995/007503/07

In Business

17 Years 5 Months

0

No

 

STAND 17 FOUNDERS HILL (PTY)LTD

M1995/007504/07

In Business

17 Years 5 Months

0

No

 

STAND 18 FOUNDERS HILL (PTY)LTD

M1995/007520/07

In Business

17 Years 5 Months

0

No

 

LUSITANA WINE AND OLIVE OIL (PTY)LTD

M1996/015522/07

Deregistration Process

16 Years 4 Months

0

No

 

TOPAZ ADHESIVES AND COATINGS (PTY) LTD

M1999/025909/07

Deregistration Process

13 Years 1 Months

0

No

 

PPM CHEMICALS (PTY) LTD

M2000/001109/07

Deregistration Final

 

0

No

 

SPEED BIRD INVESTMENT HOLDINGS (PTY)LTD

M2000/015557/07

In Business

 

0

 

No

 

KANNAR EARTH SCIENCE (PTY)LTD

M2005/029268/07

In Business

7 Years 7 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 2of 10                      PIERRE CHRISTOFFEL

 

Surname

CHRISTOFFEL

First Name

PIERRE

Marital Status

Married

ID Number

7002045019089

Verified ID Number

Yes

Current Age

42

Designation

DIRECTOR

Status

Active

Appointment Date

2010/11/24

Physical Address (at time of Appointment)

575 DWYKA STREET, ERASMUSKLOOF, 0181

Postal Address

P O BOX 3405, EDENVALE, 1610

Current Tel Number

0113724644

Cell number

0829053814

Shareholding/Membership

0.0000

 

 

Business Information for  PIERRE CHRISTOFFEL

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

JICAMA 318 (PTY) LTD

2010/005131/07

In Business

2 Years 2 Months

0

No

 

RAWBARDO CC

B2004/099093/23

In Business

8 Years 8 Months

0

No

 

HI-TECH INKS HOLDINGS (PTY) LTD

M2010/005116/07

In Business

2 Years 2 Months

0

No

 

 

Principal's Adverse - No information on record

 

Average Age of Previous Business                                                           14 years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

RICHTRAU NO 41 (PTY) LTD

M1986/000782/07

Dissolved

26 Years 2 Months

0

No

 

CELTIS BETTING AND SPORTS (PTY)LTD

M1989/005635/07

In Business

23 Years 11 Months

0

No

 

MCWADE LINEGEAR (PTY) LTD

M2000/005401/07

In Business

 

0

No

 

MCWADE PRODUCTIONS (PTY) LTD

M2003/029762/07

In Business

9 Years 9 Months

0

No

 

 

 

Principal – 3 of 10 LEE JONES

 

Surname

JONES

First Name

LEE

Marital Status

Married

ID Number

6804015231086

Verified ID Number

Yes

Current Age

44

Designation

DIRECTOR

Status

Active

Appointment Date

2010/11/24

Physical Address (at time of Appointment)

12 ALETTA ROAD, HIGHWAY GARDENS, 1609

Postal Address

12 ALETTA ROAD, HIGHWAY GARDENS, 1609

Current Tel Number

0112814884

Cell number

0761544867

Shareholding/Membership

0.0000

 

 


Principal's Adverse - No information on record

 

Business Information for LEE JONES

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

JICAMA 318 (PTY) LTD

2010/005131/07

In Business

2 Years 2 Months

0

No

 

PRIMARY COLOUR (PTY) LTD

K2011/129517/07

In Business

1 Years 1 Months

0

No

 

HI-TECH INKS HOLDINGS (PTY) LTD

M2010/005116/07

In Business

2 Years 2 Months

0

No

 

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                               17 years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

DECOR MASON CC

B1995/051567/23

Deregistration Final

17 Years 5 Months

0

No

 

HI-TECH INKS (PTY) LTD

M1989/007131/07

In Business

23 Years 11 Months

0

No

 

HI-TECH INKS GAUTENG (PTY)LTD

M1999/023794/07

In Business

13 Years 1 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 4of 10 RASHAD ALLI

Surname

ALLI

First Name

RASHAD

Marital Status

Married

ID Number

6304255043085

Verified ID Number

Yes

Current Age

49

Designation

DIRECTOR

Status

Active

Appointment Date

2010/11/24

Physical Address (at time of Appointment)

29 WESTHAM ROAD, MALVERN, DURBAN, 4023

Postal Address

P O BOX 3405, EDENVALE, 1610

Current Tel Number

0314650601

Cell number

0846774949

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information for RASHAD ALLI

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

JICAMA 318 (PTY) LTD

2010/005131/07

In Business

2 Years 2 Months

0

No

 

 

 

Principal - 5of 10 PREVINDRAN NAIDOO

Surname

NAIDOO

First Name

PREVINDRAN

Marital Status

Married

ID Number

6507195165087

Verified ID Number

Yes

Current Age

47

Designation

DIRECTOR

Status

Active

Appointment Date

2010/11/24

Physical Address (at time of Appointment)

17 RANLEIGH CRESCENT, DURBAN NORTH, 4059

Postal Address

P 0 BOX 3405, EDENVALE, 1610

Current Tel Number

0317196449

Cell number

0848117490

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information for PREVINDRAN NAIDOO

 


Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

JICAMA 318 (PTY) LTD

2010/005131/07

In Business

2 Years 2 Months

0

No

 

HI-TECH INKS HOLDINGS

(PTY) LTD

M2010/005116/07

In Business

2 Years 2 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                           18 years

           

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

HI-TECH INKS (PTY) LTD

M1989/007131/07

In Business

23 Years 11 Months

0

No

 

HI-TECH INKS DURBAN (PTY) LTD

M1999/015084/07

In Business

13 Years 1 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 6of 10 VICTOR SAMUELS

Surname

SAMUELS

First Name

VICTOR

Marital Status

Divorced

ID Number

6410045230088

Verified ID Number

Yes

Current Age

48

Designation

DIRECTOR

Status

Active

Appointment Date

2010/11/24

Physical Address (at time of Appointment)

NO 2 YORK CLOSE, MILNERTON RIDGE, MILNERTON, 7441

Postal Address

P O BOX 3405, EDENVALE, 1610

Current Tel Number

0215320323

Cell number

0824137380

Shareholding/Membership

0.0000

 


Principal's Adverse - No information on record

 

Business Information for VICTOR SAMUELS Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

 

JICAMA 318 (PTY) LTD

2010/005131/07

In Business

2 Years 2 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                       10 years

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

TAMARISK TRADING 2 CC

2004/072676/23

Deregistration Final

8 Years 8 Months

0

No

 

FUTURE FLEX (PTY) LTD

M1999/000671/07

Deregistration Final

13 Years 1 Months

7

No

 

 

 

Principal's Deeds Information - No information on record

 

Principal - 7of 10  STEPHAN VAN HEERDEN

Surname

VAN HEERDEN

First Name

STEPHAN

Marital Status

Married

ID Number

4606255106080

Verified ID Number

Yes

Current Age

66

Designation

DIRECTOR

Status

Active

Appointment Date

2010/11/24

Physical Address (at time of Appointment)

25 ALICE ROAD, KESINGTON, 2094

Postal Address

P 0 BOX 664, BANBURY CROSS, 2164

Current Tel Number

0113724651

Cell number

0836263574

Shareholding/Membership

0.0000

 


Principal's Adverse - No information on record

 

Business Information for STEPHAN VAN HEERDEN Principal Current Business Interests

 

 

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

JICAMA 318 (PTY) LTD

2010/005131/07

In Business

2 Years 2 Months

0

No

 

Principal Previous Business Interests

 

Average Age of Previous Business                                               18 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

HI-TECH INKS (PTY) LTD

M1989/007131/07

In Business

23 Years 11 Months

0

No

 

HI-TECH INKS GAUTENG (PTY)LTD

M1999/023794/07

In Business

13 Years 1 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 8of 10 SHAUN JULIUS

Surname

JULIUS

First Name

SHAUN

Marital Status

Married

ID Number

6402135234088

Verified ID Number

Yes

Current Age

48

Designation

DIRECTOR

Status

Active

Appointment Date

2010/11/24

Physical Address (at time of Appointment)

19 HAMILTON STREET, CORONATIONVILLE, 2093

Postal Address

P O BOX 3405, EDENVALE, 1610

Current Tel Number

0314650601

Cell number

0314650890

Shareholding/Membership

0.0000

 

 

 


Principal's Adverse - No information on record

 

Business Information for SHAUN JULIUS

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

JICAMA 318 (PTY) LTD

2010/005131/07

In Business

2 Years 2 Months

0

No

 

 

Principal’s Deed Information – No Information on Record            

 

Principal - 9of 10 ANESH PILLAY

Surname

PILLAY

First Name

ANESH

ID Number

7110275517308

Current Age

41

Designation

DIRECTOR

Status

Active

Appointment Date

2010/11/24

Physical Address (at time of Appointment)

297 MAIN ROAD, 17 LAMANTA GARDENS, MALVERN, DURBAN, 4093

Postal Address

P 0 BOX 3405, EDENVALE, 1610

Current Tel Number

0314650601

Cell number

 

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forANESH PILLAY

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

JICAMA 318 (PTY) LTD

2010/005131/07

In Business

2 Years 2 Months

0

No

 


Principal’s Deed Information – No Information on Record            

 

Principal - 10of 10 HAYLEY HAYLEY PALMER

Surname

HAYLEY PALMER

First Name

HAYLEY

Marital Status

Single

ID Number

7304100134088

Verified ID Number

Yes

Current Age

39

Status

Active

Appointment Date

2010/06/30

Physical Address (at time of Appointment)

57 DOWERVIEW, ELM STREET, DOWERGLEN, JOHANNESBURG, 2000

Postal Address

57 DOWERGLEN, ELM STREET, DOWERGLEN, JOHANNESBURG, 2000

Current Tel Number

0114530693

Cell number

0829205040

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information for HAYLEY HAYLEY PALMER

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

JICAMA 318 (PTY) LTD

2010/005131/07

In Business

2 Years 2 Months

0

No

 

HI-TECH INKS (PTY) LTD

M1989/007131/07

In Business

23 Years 11 Months

0

No

 

HI-TECH INKS DURBAN (PTY)LTD

M1999/015084/07

In Business

13 Years 1 Months

0

No

 

UNIT 107 COZUMEL INVESTMENTS (PTY) LTD

M1999/024935/07

In Business

13 Years 1 Months

0

No

 

STAND 28 FOUNDERS HILL (PTY) LTD

M2007/009032/07

In Business

5 Years 5 Months

0

No

 

HI-TECH INKS HOLDINGS (PTY) LTD

M2010/005116/07

In Business

2 Years 2 Months

0

No

 

 


Principal Previous Business Interests

 

Average Age of Previous Business                                                                  06 years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

TOPAZ ADHESIVES AND COATINGS (PTY) LTD

M1999/025909/07

Deregistration Process

13 Years 1 Months

0

No

 

SPEED BIRD INVESTMENT HOLDINGS (PTY)LTD

M2000/015557/07

In Business

 

0

No

 

 

Principal's Deeds Information - No information on record

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.65

UK Pound

1

Rs.88.10

Euro

1

Rs.69.84

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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

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NB

New Business

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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%)

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.