MIRA INFORM REPORT

 

 

Report Date :

18.12.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

M-TECH INDUSTRIAL (PTY)LTD

 

 

Registered Office :

24 Totius Street, Totius Park, Potchefstroom, 2531

 

 

Country :

South Africa

 

 

Date of Incorporation :

19.11.1999

 

 

Com. Reg. No.:

B1999/065328/23

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacturer of Enerflow Heat Pumps for industrial, commercial and residential applications Air cooling units for mines.

 

 

No. of Employees :

Not Available 

 

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 – June 30th, 2012

                                                   

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

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 Unemployment remains high and outdated infrastructure has constrained growth.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

M-TECH INDUSTRIAL (PTY)LTD

Country

South Africa

Subject Contact Person

LIANA STEMMET - FIANCIAL CONTROLLER

Assessment

This is an established business.

 

On investigation we made contact with MRS. LIANA STEMMET who declined to assist with any information for the subject.

 

MRS STEMMET stated that the subject has no credit dealings within India as such she requested to know the name of the principal enquirer. Please see the available information on the subject below.

 

 

Company information

 

Registered Name

M-TECH INDUSTRIAL (PTY)LTD

Registration Number

B1999/065328/23

Registration Date

1999/11/19

Date Commenced Trading

1999-11-19

Age of Business

13 Years 1 Months

History of Business

The subject started as a new company in 1999

History of Principals

There are 5 active directors within the company

Authorised Share Capital

R1000.00

Issued Share Capital/Members Contribution

R 100.00

Status

Conversion CO/CC or CC/CO

Operations Assessment

Manufacture of Enerflow Heat Pumps for industrial, commercial and residential applications Air cooling units for mines.

Industry/ Customers

Corporate and mining companies.

Major Industry Code / SICC

35690

Definition of Code

Manufacture of other general purpose machinery

Head Office Physical Address

24 Totius Street, Totius Park, POTCHEFSTROOM, 2531

Head Office Postal Address

PO Box 19855, NOORBRUG, 2532

Current Tel Number

0182970326

Current Fax Number

0182970327

Current Email Address

ls@mtechindustrial.com

 

 

Auditors information

 

Company Registered Name

KOBUS DELPORT & KIE

Registration Number

M2004/034468/07

Physical Address

CJF DU PLESSIS SENTRUM, KERKSTRAAT 392, MIEDERPARK, POTCHEFSTROOM, 2531

Postal Address

POSBUS 1155,POTCHEFSTROOM, 2520

Contact Person

JACOBA DELPORT

Contact Number

0182976002

Principals

3

Subject Verified as Client

Yes

Practice Number

926817

Tax Number

9179920153

Financial Year End

February

No of years in Business

7

 

 

Previous Auditors

 

Company Name

Phone Number

Time with previous auditors

Comment

KOBUSDELPORT EN KIE

 

Unknown

 

 

 

Tax information

 

Vat Number

4960187294

Status

ACTIVE

Vat Liable Date

2000/03/20

Tax Number

9973002612

Financial Year End

February

 

Black Economic Empowerment Information - No Information on Record

 

 

 

 

ISO Information - No Information on Record

 

Work Mans 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 - No Information on Record

 

 

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

 

BusinessRescue - No Information on Record

 

Judgements - 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

 

Deeds Information - No information on record

 

 

Principals

 

Number of Principals

5

Average Age of Active Principals

46

 

Active Principals Principal - 1of 5 MMAMODIANE REF NKADIMENG

Surname

NKADIMENG

First Name

MMAMODIANE REF

Other Names

None

Marital Status

Single

ID Number

8105310388086

Verified ID Number

Yes

Current Age

31

Designation

ALTERNATIVE DIRECTOR TO KHUMO PORTIA, SHONGWE

Status

Active

Appointment Date

2010/02/24

Physical Address (at time of Appointment)

22 ROSEMOUNT, 20 DONCATER ROAD, NEW MARKET, ALBERTON, 0000

Postal Address

P O BOX 55669, NORTHLANDS, NORTHLANDS, 2116

Current Tel Number

0115308005

Cell number

0839604030

Shareholding/Membership

0.0000

 

Adverse Information for MMAMODIANE REF NKADIMENG

 

Principal Judgement

 

Number of Judgements

0

Principal Debt Review

Debt review

No Information on Record

Other

Default data

No Information on Record

Business Information for MMAMODIANE REF NKADIMENG

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

M-TECH INDUSTRIAL CC

B1999/065328/23

Conversion CO/CC or CC/CO

13 Years 1 Months

0

No

 

TARSUS

TECHNOLOGIES (PTY) LTD

M1995/000439/07

In Business

17 Years 5 Months

0

No

 

CHANNELWARE (PTY) LTD

M1996/011983/07

In Business

16 Years 4 Months

0

No

 

PASCO RISK MANAGEMENT (PTY) LTD

M1996/013729/07

In Business

16 Years 4 Months

0

No

 

ADVANCED CHANNEL TECHNOLOGIES (PTY) LTD

M1996/016598/07

In Business

16 Years 4 Months

0

No

 

GLOBAL OUTSOURCING SERVICES (PTY)LTD

M1998/007639/07

In Business

14 Years 2 Months

1

No

 

MBT SERVICES (PTY) LTD

M2002/010734/07

In Business

10 Years 10 Months

0

No

 

ROYAL BAFOKENG RESOURCES HOLDINGS (PTY) LTD

M2002/015191/07

In Business

10 Years 10 Months

0

No

 

ROYAL BAFOKENG FINANCE (PTY)LTD

M2004/010279/07

In Business

8 Years 8 Months

0

No

 

MORAFE INVESTMENTS (PTY) LTD

M2004/028535/07

In Business

8 Years 8 Months

0

No

 

BAFOKENG CONCOR TECHNICRETE (PTY) LTD

M2004/033451/07

In Business

8 Years 8 Months

0

No

 

ROYAL BAFOKENG FINANCIAL SERVICES GROUP (PTY) LTD

M2005/006184/07

In Business

7 Years 7 Months

0

No

 

ROYAL BAFOKENG BCT (PTY)LTD

M2005/007933/07

In Business

7 Years 7 Months

0

No

 

ROYAL BAFOKENG PASCO (PTY)LTD

M2005/031609/07

In Business

7 Years 7 Months

0

No

 

ROYAL BAFOKENG METIX (PTY)LTD

M2005/034906/07

In Business

7 Years 7 Months

0

No

 

ROYAL BAFOKENG AGRI INVESTMENTS (PTY) LTD

M2005/040201/07

In Business

7 Years 7 Months

0

No

 

QUICKVEST 399 (PTY) LTD

M2006/004076/07

In Business

6 Years 6 Months

0

No

 

RBH RESOURCES HOLDINGS (PTY) LTD

M2006/006837/07

In Business

6 Years 6 Months

0

No

 

RBH FINANCIAL HOLDINGS (PTY) LTD

M2006/006843/07

In Business

6 Years 6 Months

0

No

 

RBH INDUSTRIAL HOLDINGS (PTY) LTD

M2006/006854/07

In Business

6 Years 6 Months

0

No

 

RBH SERVICES HOLDINGS (PTY) LTD

M2006/006903/07

In Business

6 Years 6 Months

0

No

 

RBH TELECOM HOLDINGS (PTY) LTD

M2006/006958/07

In Business

6 Years 6 Months

0

No

 

RICH REWARDS TRADING 213 (PTY) LTD

M2006/011952/07

In Business

6 Years 6 Months

0

No

 

PASCO RISK HOLDINGS (PTY) LTD

M2006/017601/07

In Business

6 Years 6 Months

0

No

 

ROYAL BAFOKENG DHL HOLDING COMPANY (PTY) LTD

M2006/017939/07

In Business

6 Years 6 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                               4 Years

 

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

MAINSAIL TRADING 55 (PTY) LTD

M2007/030411/07

In Business

5 Years 5 Months

0

No

 

PEARL EDU VISION

M2009/011686/08

In Business

3 Years 3 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 2of 5 WILLEM LANDMAN

 

Surname

LANDMAN

First Name

WILLEM

Other Names

None

Marital Status

Married

ID Number

7309215005081

Verified ID Number

Yes

Current Age

39

Designation

ENGINEER

Status

Active

Appointment Date

2008/07/01

Physical Address (at time of Appointment)

39 DWARS STREET, POTCHEFSTROOM, 2520

Postal Address

PO BOX 19437, NOORDBRUG, NOORDBRUG, POTCHEFSTROOM, 2522

Current Tel Number

0182970326

Cell number

0832578511

Shareholding/Membership

0.0000

 

 


Adverse Information for WILLEM LANDMAN

 

Number of Judgements

0

 

Principal Debt Review

Debt review

No Information on Record

 

Other

Default data

No Information on Record

 

Business Information for WILLEM LANDMAN

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

M-TECH INDUSTRIAL CC

B1999/065328/23

Conversion CO/CC or CC/CO

13 Years 1 Months

0

No

 

HENQUE 4046 CC

B2001/027393/23

In Business

11 Years 11 Months

0

No

 

CASTLEHILL TRADING 48 CC

B2006/050237/23

In Business

6 Years 6 Months

0

No

 

ENERFLOW INSTALLATIONS 1 (PTY) LTD

K2011/143598/07

In Business

1 Years 1 Months

0

No

 

ENERFLOW HOLDINGS (PTY) LTD

K2012/048200/07

In Business

0

0

No

 

DEFACTO INVESTMENTS 288 (PTY) LTD

M2003/004460/07

In Business

9 Years 9 Months

0

No

 

ZELPY 2582 (PTY) LTD

M2004/017361/07

In Business

8 Years 8 Months

0

No

 

RZT ZELPY 4034 (PTY) LTD

M2005/003951/07

Conversion CO/CC or CC/CO

7 Years 7 Months

0

No

 

MAHNZI (PTY)LTD

M2007/001701/07

In Business

5 Years 5 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                               7 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ZELPY 2756 (PTY)LTD

M2004/026886/07

Deregistration Final

8 Years 8 Months

0

No

 

SUREGO INVESTMENTS 11 (PTY) LTD

M2004/034450/07

In Business

8 Years 8 Months

0

No

 

SAMAHNZI (PTY)LTD

M2007/001968/07

In Business

5 Years 5 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 3of 5 KHUMO SHONGWE

 

Surname

SHONGWE

First Name

KHUMO

Other Names

None

Marital Status

Married

ID Number

6503220715087

Verified ID Number

Yes

Current Age

47

Designation

HUMAN RESOURCES EXECUTIVE, ROYAL BAFOKENG HOLDINGS

Status

Active

Appointment Date

2007/05/01

Physical Address (at time of Appointment)

61 6TH AVENUE, INANDA, 4310

Postal Address

PO BOX 55669, ILLOVO, 2116

Current Tel Number

0115308000

Cell number

0716807707

Shareholding/Membership

0.0000

 

Adverse Information for KHUMO SHONGWE

 

Principal Judgement

 

Number of Judgements

1

 

Principal Debt Review

Debt review

No Information on Record

 

Other

Default data

No Information on Record

 

Business Information for KHUMO SHONGWE

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

M-TECH INDUSTRIAL CC

B1999/065328/23

Conversion CO/CC or CC/CO

13 Years 1 Months

0

No

 

IMPALA PLATINUM LTD

M1952/071942/06

In Business

0

0

No

 

VODACOM (PTY) LTD

M1993/003367/07

In Business

19 Years 7 Months

0

No

 

TARSUS

TECHNOLOGIES (PTY) LTD

M1995/000439/07

In Business

17 Years 5 Months

0

No

 

ASTRAPAK LTD

M1995/009169/06

In Business

17 Years 5 Months

0

No

 

CHANNELWARE (PTY) LTD

M1996/011983/07

In Business

16 Years 4 Months

0

No

 

ADVANCED CHANNEL TECHNOLOGIES (PTY) LTD

M1996/016598/07

In Business

16 Years 4 Months

0

No

 

GLOBAL OUTSOURCING SERVICES (PTY)LTD

M1998/007639/07

In Business

14 Years 2 Months

1

No

 

MBT SERVICES (PTY) LTD

M2002/010734/07

In Business

10 Years 10 Months

0

No

 

MB TECHNOLOGIES (PTY) LTD

M2002/018643/07

In Business

10 Years 10 Months

0

No

 

ROYAL BAFOKENG MANAGEMENT SERVICES (PTY)LTD

M2002/021932/07

In Business

10 Years 10 Months

0

No

 

FRASER ALEXANDER (PTY) LTD

M2005/028043/07

In Business

7 Years 7 Months

0

No

 

ROYAL BAFOKENG HOLDINGS (PTY) LTD

M2006/006906/07

In Business

6 Years 6 Months

0

No

 

PLATINUM MICRO (PTY) LTD

M2007/000032/07

In Business

5 Years 5 Months

0

No

 

CHANNEL CAPITAL (PTY) LTD

M2007/002666/07

In Business

5 Years 5 Months

0

No

 

MB TECHNOLOGIES INVESTMENTS (PTY) LTD

M2007/012226/07

In Business

5 Years 5 Months

0

No

 

ROYAL BAFOKENG

ENTERPRISE

DEVELOPMENT

M2008/025628/08

In Business

4 Years 4 Months

0

No

 

CHANNEL RISK MANAGEMENT (PTY) LTD

M2009/015022/07

In Business

3 Years 3 Months

0

No

 

 


Principal Previous Business Interests

 

Average Age of Previous Business                                   8 Years

 

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

KOLEKILE INVESTMENTS CC

B2006/217547/23

In Business

6 Years 6 Months

0

No

 

TASHLINE RED CAPITAL INVESTMENT CC

B2006/218195/23

In Business

6 Years 6 Months

0

No

 

DIREPOTSANE BUSINESS VENTURES (PTY) LTD

M1996/017485/07

Deregistration Process

16 Years 4 Months

0

No

 

MARIKANA HOUSING

DEVELOPMENT

COMPANY

M1998/022231/08

In Business

14 Years 2 Months

0

No

 

LEGADIGADI MINERALS AND METALS CORPORATION (PTY) LTD

M2000/010747/07

Deregistration Final

 

0

No

 

AFRICAN INSTITUTE FOR MENTORING (PTY) LTD

M2002/001109/07

In Business

10 Years 10 Months

0

No

 

ROYAL BAFOKENG RESOURCES HOLDINGS (PTY) LTD

M2002/015191/07

In Business

10 Years 10 Months

0

No

 

DE BEERS MATLAFALANG BUSINESS DEVELOPMENT (PTY) LTD

M2003/001426/07

In Business

9 Years 9 Months

0

No

 

PLATINUM STARS FC (PTY) LTD

M2003/023743/07

In Business

9 Years 9 Months

0

No

 

CHANNEL FINANCE (PTY) LTD

M2005/029313/07

In Business

7 Years 7 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 4of 5 MA DO DA ZIBI

 

Surname

ZIBI

First Name

MADODA

Other Names

None

Marital Status

Married

ID Number

4609195521087

Verified ID Number

Yes

Current Age

66

Designation

PROFESSOR

Status

Active

Appointment Date

2007/01/26

Physical Address (at time of Appointment)

KOKKEWIETLAAN 46, BELLA VALLEY^, MOOIVALEIPARK, 2531

Postal Address

P O BOX 19736, NOORDBRUG, 2531

Current Tel Number

0183816000

Cell number

0814633075

Shareholding/Membership

0.0000

 

Adverse Information for MADODA ZIBI

 

Number of Judgements

0

 

Principal Debt Review

Debt review

No Information on Record

 

Other

Default data

No Information on Record

 

Business Information for MADODA ZIBI

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NORTH WEST DRAGONS (PTY)LTD

2003/022639/07

In Business

9 Years 9 Months

0

No

 

M-TECH INDUSTRIAL CC

B1999/065328/23

Conversion CO/CC or CC/CO

13 Years 1 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                       12 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

TSHEKAZI TRADING CC

B2005/156264/23

Deregistration Final

7 Years 7 Months

0

No

 

CENTRAL MEDIA GROUP (PTY)LTD

M1996/008441/07

In Business

16 Years 4 Months

0

No

 

LEHAKWE

INVESTMENT HOLDING (PTY) LTD

M1997/014068/07

Deregistration Final

15 Years 3 Months

0

No

 

BRAMOL PROJECTS MANAGEMENT (PTY) LTD

M1998/010105/07

Voluntary Liquidation

14 Years 2 Months

0

Yes

 

AARDKLOP NASIONALE KUNSTEFEES

M1998/017140/08

In Business

14 Years 2 Months

0

No

 

NATIONAL EMERGENT RED MEAT PRODUCERS ORGANISATION

M1999/000405/08

In Business

13 Years 1 Months

0

No

 

KWEZI REHAB SOLUTIONS (PTY)LTD

M1999/019951/07

Voluntary Liquidation

13 Years 1 Months

0

Yes

 

NORTH WEST CRICKET

M2003/022639/08

In Business

9 Years 9 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 5of 5 PIETER ROUSSEAU

 

Surname

ROUSSEAU

First Name

PIETER

Other Names

None

Marital Status

Married

ID Number

6311285007006

Verified ID Number

Yes

Current Age

49

Designation

SAKEMAN

Status

Active

Appointment Date

2000/09/14

Physical Address (at time of Appointment)

9 JAPONIKASTREET, GRIMBEEKPARK, POTCHEFSTROOM, 2531

Postal Address

9 JAPONIKA STREET, GRIMBEEKPARK, GRIMBEEKPARK, POTCHEFSTROOM, 2531

Current Tel Number

0182970326

Cell number

0824529290

Shareholding/Membership

0.0000

 

Adverse Information for PIETER ROUSSEAU

 

Number of Judgements

0

 

Principal Debt Review

Debt review

No Information on Record

 

Other

Default data

No Information on Record

 

Business Information for PIETER ROUSSEAU

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

M-TECH

6311285007089

 

Unknown

0

No

 

M-TECH INDUSTRIAL CC

B1999/065328/23

Conversion CO/CC or CC/CO

13 Years 1 Months

0

No

 

ENERFLOW INSTALLATIONS 1 (PTY) LTD

K2011/143598/07

In Business

1 Years 1 Months

0

No

 

ENERFLOW HOLDINGS (PTY) LTD

K2012/048200/07

In Business

0

0

No

 

FLOWNEX INTERNATIONAL (PTY) LTD

M1990/002106/07

In Business

22 Years 10 Months

0

No

 

DEFACTO INVESTMENTS 231 (PTY) LTD

M2002/015737/07

In Business

10 Years 10 Months

0

No

 

SILVER KNIGHT PROPERTIES 33 (PTY) LTD

M2002/030544/07

In Business

10 Years 10 Months

0

No

 

DEFACTO INVESTMENTS 288 (PTY) LTD

M2003/004460/07

In Business

9 Years 9 Months

0

No

 

MAHNZI (PTY)LTD

M2007/001701/07

In Business

5 Years 5 Months

0

No

 

NUCLEAR INDUSTRY ASSOCIATION OF SOUTH AFRICA

M2007/027329/08

In Business

5 Years 5 Months

0

No

 

 


Principal Previous Business Interests

 

Average Age of Previous Business                                   14 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ENERFLOW TECHNOLOGIES CC

B1992/033780/23

Deregistration Final

20 Years 8 Months

0

No

 

P G ROUSSEAU M-TECH CC

B1999/054292/23

Deregistration Final

13 Years 1 Months

0

No

 

 

TRANSFER OF ENERGY MOMENTUM AND MASS INTERNATIONAL (PTY) LTD

M1991/003348/07

In Business

21 Years 9 Months

0

No

 

ENERGY PERFORMANCE SERVICES SOUTH AFRICA (PTY)LTD

M1994/003441/07

Deregistration Final

18 Years 6 Months

0

No

 

SUREGO INVESTMENTS 11 (PTY) LTD

M2004/034450/07

In Business

8 Years 8 Months

0

No

 

SAMAHNZI (PTY)LTD

M2007/001968/07

In Business

5 Years 5 Months

0

No

 

Principal's Deeds Information - No information on record

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.63

UK Pound

1

Rs.88.40

Euro

1

Rs.71.86

 

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.