|
Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
FISH
ON LINE (PTY)LTD |
|
|
|
|
Registered Office : |
7
Signal Crescent, Montague Gardens, Cape Town, 7441 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
17.06.2005 |
|
|
|
|
Com. Reg. No.: |
M2005/021351/07 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Processing
and Preserving of Fish and Fish Products |
|
|
|
|
No. of Employees : |
35 |
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 – 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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
FISH ON LINE (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
MR. N DE OLIVERIA - 0215510452 |
|
Assessment |
This is a
well-established business. On investigation contact was made with MR. N DE OLIVERIA
who assisted with the information. The subject is meeting commitments
timeously with it's suppliers. A bank code C was obtained for an amount of R
100 000 over a period of 30 days. Financial details were not made available.
Please see the information obtained below. |
|
Registered
Name |
FISH
ON LINE (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
M2005/021351/07 |
|
Registration
Date |
2005/06/17 |
|
Date
Commenced Trading |
1999 |
|
Age
of Business |
7
Years 6 Months |
|
History
of Business |
FISH
ON LINE (PTY)LTD was previously a Close Corporation trading since 1999 and
later converted to a Private Company in 2005. |
|
History
of Principals |
There
are currently 6 active directors of the subject |
|
Shareholders/Members/Partners
of subject and % holding |
68
% - LONRHO HOLDINGS (PTY) LTD, 16 % - ROELOF BRINK, 16%- JACOBUS MALAN |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
concern operates as a registered Importer, Warehouser and Distributor of
Seafood. |
|
Industry/
Customers |
Retailers
and Wholesalers |
|
Major
Industry Code / SICC |
3012 |
|
Definition
of Code |
PROCESSING
AND PRESERVING OF FISH AND FISH PRODUCTS |
|
Head
Office Physical Address |
7
Signal Crescent, Montague Gardens, Cape Town, 7441 |
|
Head
Office Postal Address |
PO
Box 51908, Waterfront, Cape Town, 8002 |
|
Current
Tel Number |
0215510452 |
|
Cell
Number |
0824460919 |
|
Current
Fax Number |
0215514316 |
|
Current
Email Address |
|
|
Web
Site Address |
|
Company Registered Name |
KPMG INC |
|
Trading Name |
None |
|
Registration Number |
1999/021543/21 |
|
Physical Address |
1 Medeterrian Road, CAPE TOWN, 7441 |
|
Postal Address |
P 0 BOX 11265, HATFIELD, 0028 |
|
Contact Person |
A DASS |
|
Contact Number |
0214087477 |
|
Email |
|
|
Practice Number |
04846622 |
|
VAT Number |
4530188665 |
|
Tax Number |
9559555843 |
|
Financial Year End |
June |
|
No of years in Business |
1 |
|
Website |
Previous
Auditors
|
Company
Name |
Phone Number |
Time
with previous auditors |
Comment |
|
ROD
MCGILVRAY |
|
Unknown |
|
|
SCHOEMBIE
AUDITORS |
|
Unknown |
|
|
I
C AAACKAY AND ASSOCIATES |
|
1 |
|
|
Vat Number |
4520222680 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2005/09/01 |
|
Tax Number |
9341712157 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
December |
|
Comment |
|
|
Black Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Comment |
The subject is not BEE registered |
|
ISO
Status |
|
|
Type of ISO Grade |
The concerns' suppliers are ISO, HACCP and EU certified |
|
ISO Certificate |
No |
|
ISO Certificate Available |
|
|
Certified by an Accredited Agent |
|
|
Comment |
|
|
Workman's compensation |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
|
Employees |
||||
|
Number
of Employees |
35 |
|||
|
1.
Salaried employees |
24 |
|||
|
2.
Waged employees |
11 |
|||
|
3.
Permanent employees |
|
|||
|
4.
Casual employees |
|
|||
|
5.
Contracted employees |
|
|||
|
Comment |
|
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No
of vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
2 |
|||
|
Comment |
|
|||
|
Light
delivery Vehicles |
2 |
Leased |
|
|
Offices
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Leased |
|
Rental Company |
ZETAY PROPERTIES CC |
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
Warehouse |
|
Comment |
|
Branch
Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
2 |
Director |
JACOBUS AAA LAN |
|
|
|
|||
|
1 |
SALES DIRECTOR |
DEAN STACEY |
|
Company
Structure Information - No Information on Record
Note: One level up and all levels
down
Key
Deals - No Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
OCEAN FRESH SEA |
0114532024 |
|
|
|
|
2 |
SALMO SMOKEHOUSE |
0213862200 |
|
|
|
|
3 |
IMPSONS LOGISTICS |
031 3747000 |
|
|
|
Trade
References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
4 Years |
R1000000.00 |
R 200000 |
30 Days |
R150000 |
30 Days |
Very Good Account |
|
2 |
4 Years |
R1500000.00 |
R 250000 |
30 Days |
R 250000 |
30 Days |
Good Account |
|
3 |
4 Years |
R100000.00 |
R100000 |
30 Days |
R100000 |
30 - 60 Days |
Fair account |
Jugements – No
Information on
BusinessRescue
– No Information on
Default
Listing – No Information on Records
Notarial
Bonds - No Information on Records
|
Bank |
FIRST NATIONAL BANK |
|
Branch |
CORPORATE DURBAN |
|
Brach Code |
250655 |
|
Bank Account Number |
62088300232 |
|
Type of Account |
CHEQUE ACCOUNT |
|
Account Name |
FISH ON LINE (PTY) LTD |
|
Overdraft Facilities |
Undisclosed |
|
Bank Code |
C - For R 100 000 |
|
Bank Comment |
The subject's bankers consider them good for all business
normal engagements |
Bank
Codes History
|
Date
requested |
Bank
Code |
Enquiry
Amount |
Number
of RD's |
RD
amount |
RD
Date |
Bank
Comments |
Years
with bank |
Comment |
|
2012/03/22 |
C |
R100000.00 |
0 |
|
|
The
subjects bankers consider them equal to R100 000 over 30 days in the normal
way of business. |
|
|
|
2012/07/26 |
C |
R100000.00 |
0 |
|
|
The
subjects bankers consider them equal to R100 000 over 30 days in the normal
way of business. |
|
|
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
|
Number
of Principals |
10 |
|
Average
Age of Active Principals |
46 |
|
Active
Principals Principal - 1of 6 DAVID ARMSTRONG |
|
|
Surname |
ARMSTRONG |
|
First
Name |
DAVID |
|
Other
Names |
JAMES |
|
Marital
Status |
|
|
ID
Number |
6412120000000 |
|
Verified
ID Number |
No |
|
Current
Age |
48 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2011/07/01 |
|
Physical
Address (at time of Appointment) |
MALT
HOUSE, OAKHAM ROAD, NORTH EAST HORSLEY, LEATHERHEAD KTZ 469 X UK, 0000 |
|
Postal
Address |
P
O BOX 10906, JOHANNESBURG, 2000 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Business
Information forDAVID ARMSTRONG Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
FISH
ON LINE (PTY) LTD |
M2005/021351/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
LONRHO
TRADING (PTY) LTD |
K2012/125045/07 |
In
Business |
0 |
0 |
No |
|
|
CAROPIX
(PTY)LTD |
K2011/149901/07 |
In
Business |
1
Years 1 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
age of previous business 18 Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
NAMIBIA BREWERIES |
M1979/001528/10 |
In Business |
33 Years 9 Months |
0 |
No |
|
|
FLY
540 AFRICA (PTY) LTD |
M2008/007272/07 |
Deregistration
Final |
4
Years 4 Months |
0 |
No |
|
|
Principal
- 2of 6 DAVID LENIGAS |
|
|
Surname |
LENIGAS |
|
First
Name |
DAVID |
|
Other
Names |
ANTHONY |
|
Marital
Status |
|
|
ID
Number |
E3060892 |
|
Verified
ID Number |
No |
|
Current
Age |
51 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2011/07/01 |
|
Physical
Address (at time of Appointment) |
4
AVENUE DES, GUELFES, 0000 |
|
Postal
Address |
25
BERKLEY SQUARE, WIJ6HB, WIJ6HB, LONDON, 0000 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Business
Information forDAVID LENIGAS
Principal
Current Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LONRHO
AAAATHONGA HOTELS (PTY)LTD |
M2009/010597/07 |
In
Business |
3 Years 3 Months |
0 |
No |
|
|
LONRHO PROJECTS
CONSULTING (PTY) LTD |
M2009/009527/07 |
In
Business |
3 Years 3 Months |
0 |
No |
|
|
LONRHO
SECURITEC (PTY) LTD |
M2009/009501
/07 |
In
Business |
3 Years 3 Months |
0 |
No |
|
|
LONRHO
ENERGY (PTY) LTD |
M2009/008050/07 |
In
Business |
3 Years 3 Months |
0 |
No |
|
|
LONRHO PROJECTS
AGRI (PTY)LTD |
M2009/007772/07 |
In
Business |
3 Years 3 Months |
0 |
No |
|
|
LONRHO PROJECTS
SOUTH AFRICA (PTY) LTD |
M2008/006054/07 |
In
Business |
4 Years 4 Months |
0 |
No |
|
|
LONRHO
MANAGEMENT SOUTH AFRICA (PTY) LTD |
M2008/004250/07 |
In
Business |
4 Years 4 Months |
0 |
No |
|
|
LONRHO LOGISTICS
(PTY) LTD |
M2007/034302/07 |
In
Business |
5 Years 5 Months |
0 |
No |
|
|
FISH
ON LINE (PTY) LTD |
M2005/021351/07 |
In
Business |
7 Years 7 Months |
0 |
No |
|
|
E-KWIKBUILD HOUSING
COMPANY (PTY) LTD |
M2002/022407/07 |
In
Business |
10 Years 10 Months |
0 |
No |
|
Average
Age of Previous Business
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
Principal's
Deeds Information - No information on record
Principal Previous Business Interest
GEOFFREY
WHITE
|
Surname |
WHITE |
|
First
Name |
GEOFFREY |
|
Other
Names |
TREVOR |
|
Marital
Status |
|
|
ID
Number |
6101050000000 |
|
Verified
ID Number |
No |
|
Current
Age |
51 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2011/07/01 |
|
Physical
Address (at time of Appointment) |
76
ABOVE TOWN DARTMOUTH, DEVAN TQ RQ, UK, 0000 |
|
Postal
Address |
P
O BOX 10909, JOHANNESBURG, 2000 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Business
Information forGEOFFREY WHITE Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
QUICKVEST
525 (PTY) LTD |
M2008/008758/07 |
In
Business |
4
Years 4 Months |
0 |
No |
|
|
LONRHO
WATER (PTY) LTD |
M2006/039221107 |
In
Business |
6
Years 6 Months |
0 |
No |
|
|
FISH
ON LINE (PTY) LTD |
M2005/021351/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
OCEANFRESH
SEAFOODS (PTY) LTD |
M2003/006029/07 |
In
Business |
9
Years 9 Months |
1 |
No |
|
|
ROLLEX
(PTY)LTD |
M2003/001714/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
W
S FOODS (PTY) LTD |
M1967/000340/07 |
In
Business |
45
Years 9 Months |
0 |
No |
|
|
LONRHO
TRADING (PTY) LTD |
K2012/125045/07 |
In
Business |
0 |
0 |
No |
|
|
CAROPIX
(PTY)LTD |
K2011/149901/07 |
In
Business |
1
Years 1 Months |
0 |
No |
|
Average
Age of Previous Business 7
Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
AFRICAN
MINING MANAGEMENT COMPANY (PTY)LTD |
M2001/003184/07 |
Deregistration
Final |
11
Years 11 Months |
0 |
No |
|
|
FLY
540 AFRICA (PTY) LTD |
M2008/007272/07 |
Deregistration
Final |
4
Years 4 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal Previous Business Interest
EMMA
KINDER PRIESTLEY
|
Surname |
PRIESTLEY |
|
First
Name |
EMMA
KINDER |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
7211290000000 |
|
Verified
ID Number |
No |
|
Current
Age |
40 |
|
Designation |
BUSINESWOMAN |
|
Status |
Active |
|
Appointment
Date |
2011/07/01 |
|
Physical
Address (at time of Appointment) |
THE
COTTAGE, SHIRLEY, ASHBOURNE, DE6 3AS, 0000 |
|
Postal
Address |
25
BERKLEY SQUARE, WIJ6HB, LONDON, LONDON, 0000 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Business
Information forEMMA KINDER PRIESTLEY Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
QUICKVEST
525 (PTY) LTD |
M2008/008758/07 |
In
Business |
4
Years 4 Months |
0 |
No |
|
|
COMPLETE
ENTERPRISE SOLUTIONS SOUTH AFRICA (PTY)LTD |
M2007/025504/07 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
INDIT TECHNOLOGY
DISTRIBUTION (PTY) LTD |
M2007/025463/07 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
FISH
ON LINE (PTY) LTD |
M2005/021351/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
Average
Age of Previous Business
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
Principal's
Deeds Information - No information on record
Principal Previous Business Interest
Principal's
Deeds Information - No information on record
|
Principal
- 5of 6 DEAN STACEY |
|
|
Surname |
STACEY |
|
First
Name |
DEAN |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
7201145151087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
40 |
|
Designation |
SALES
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2010/09/07 |
|
Physical
Address (at time of Appointment) |
18
TESTER STREET, VIERLANDEN, DURBANVILLE, CAPE TOWN, 7550 |
|
Postal
Address |
P
O BOX 51908, V & A WATERFRONT, CAPE TOWN, 8002 |
|
Current
Tel Number |
0214250124 |
|
Cell
number |
0824460919 |
|
Shareholding/Membership |
0.0000 |
|
Report
Extracted on: 19-12-2012 10:32:00 |
Page
15 of 18 pages |
Business
Information forDEAN STACEY
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
FISH
ON LINE (PTY) LTD |
M2005/021351/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
Principal Previous
Business interest
Average
Age of Previous Business 7
Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
RETSIA
ONE INVESTMENTS CC |
1997/003147/23 |
Deregistration
Process |
15
Years 3 Months |
0 |
No |
|
|
MILPROPS
187 CC |
B2000/004421/23 |
Deregistration
Final |
|
0 |
No |
|
|
WAVELENGTHS
1249 CC |
B2002/049564/23 |
Deregistration
Final |
10
Years 10 Months |
0 |
No |
|
|
TRANS
OCEAN FISH TRADERS CC |
B2004/048103/23 |
Deregistration
Final |
8
Years 8 Months |
1 |
No |
|
|
S
A SENSATIONAL SEAFOODS CC |
B2006/177229/23 |
In
Business |
6
Years 6 Months |
0 |
No |
|
|
THE
SEAFOOD STORE CC |
B2007/049014/23 |
In
Business |
5
Years 5 Months |
1 |
No |
|
|
PREMFRESH
SEAFOODS (PTY) LTD |
M2003/022688/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
JACOBUS
MA LAN
|
Surname |
MALAN |
|
First
Name |
JACOBUS |
|
Other
Names |
None |
|
Marital
Status |
Divorced |
|
ID
Number |
6604305045083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
46 |
|
Designation |
|
|
Status |
Active |
|
Appointment
Date |
2005/06/17 |
|
Physical
Address (at time of Appointment) |
45
SKAAMROSIE STREET, PROTEA VALLEY, BELLVILLE, 7551 |
|
Postal
Address |
P
0 BOX 51908, WATERFRONT, CAPE TOWN, 8002 |
|
Current
Tel Number |
0215510452 |
|
Cell
number |
0834689999 |
|
Shareholding/Membership |
0.0000 |
Business
Information forJACOBUS MALAN
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
CREEL
TRADING CC |
B1999/044196/23 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
PETTEN
TRADING CC |
B1999/049894/23 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
KE
BATLA TRADING 6 CC |
B2005/130948/23 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
DREAM
WORLD INVESTMENTS 379 (PTY) LTD |
M2005/016153/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
FISH
ON LINE (PTY) LTD |
M2005/021351/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
Principal Previous Business interest
Average
Age of Previous Business 13
Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
SA
SARDINE EXPORTERS CC |
B2001/081651/23 |
Deregistration
Final |
11
Years 11 Months |
0 |
No |
|
|
BAZOO
PROMOTIONS CC |
B2002/001080/23 |
Deregistration
Final |
10
Years 10 Months |
0 |
No |
|
|
H
G WIEMEYER AND PARTNERS (PTY)LTD |
M1989/006154/07 |
Deregistration
Final |
23
Years 11 Months |
0 |
No |
|
|
CHAPMAN'S
PEAK FISH PROCESSORS (PTY)
LTD |
M2002/008448/07 |
Deregistration
Final |
10
Years 10 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.08 |
|
UK Pound |
1 |
Rs.89.53 |
|
Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.