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Report Date : |
05.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
BNC INDUSTRIAL SERVICES CC |
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Registered Office : |
83a |
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Country : |
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Date of Incorporation : |
11.12.2008 |
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Com. Reg. No.: |
B2008/258816/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Manufacturer of sugar, including golden syrup and castor sugar |
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No. of Employees : |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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Restricted |
C2 |
|
Off-credit |
D |
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Subject Name |
BNC INDUSTRIAL SERVICES CC |
|
Country |
SOUTH AFRICA |
|
Subject Contact person |
PRIYA-031 9023777 |
|
Assessment |
This is well established company We could not obtain Trade References A bank code revealed that the subject would be considered as equal to R 1 000 000 over 30 days Trade References to follow if available. |
|
Registered Name |
BNC INDUSTRIAL SERVICES CC |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
B2008/258816/23 |
|
Registration Date |
2008-12-11 |
|
Date Commenced Trading |
2008-12-11 |
|
Age of Business |
3 Years 5 Months |
|
History of Business |
Unavailable |
|
History of Principals |
Unavailable |
|
Shareholders/Members/Partners of subject
and % holding |
100% - SUNTHOSH BALCHUND |
|
Authorised Share Capital |
R 1000 |
|
Issued Share Capital/Members Contribution |
R 100 |
|
Status |
This Business is Active |
|
Operations Assessment |
Sugar Manufacturing |
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Industry/ Customers |
Sugar packagers such as ILLOVO |
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Export |
Yes – Throughout AFRICA |
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Major Industry Code / SICC |
30420 |
|
Definition of Code |
Manufacturer of sugar, including golden
syrup and castor sugar. |
|
Head Office Physical Address |
83A Venter Place Prosvection DURBAN 4133 |
|
Head Office Postal Address |
PO Box 40188 REHILL 4071 |
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Current Tel Number |
031 9026244/031 9023777 |
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Cell number |
073 7773554 |
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Current Fax Number |
|
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Current Email Address |
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|
Web Site Address |
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Company Registered Name |
PKF (DURBAN) |
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Trading Name |
PKF DAVID STRACHAN AND TAYLER |
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Registration Number |
2001/006100/21 |
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Physical Address |
2ND FLOOR 12 ON PALM BOULEVARD GATEWAY 4319 |
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Postal Address |
P O BOX 1858 DURBAN 4000 |
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Contact Person |
AVISHKAR HARRIPAR |
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Contact Number |
031 573 5000 |
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Email |
|
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Principals |
Unavailable |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
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Subject Verified as Client |
Yes |
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SAICA number |
906352E |
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VAT Number |
4450223450 |
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Tax Number |
9049294144 |
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BEE Status |
Unavailable |
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Financial Year End |
February |
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Years With Auditors |
1 Year |
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Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
NINOW AND
ASSOCIATES |
|
Unknown |
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Vat Number |
4490258250 |
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Status |
Active |
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Vat Liable Date |
2008-12-11 |
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Tax Number |
9254391171 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
February |
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Status |
Yes |
|
Score |
Level 5 |
|
Expire Date |
Unavailable |
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BEE Certificate Available |
Yes |
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Type of ISO Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate Available |
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|
Certified by an Accredited Agent |
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Registered |
None |
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Compliance Certified |
None |
Subsidiaries
|
Subsidiary Company |
None |
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Shareholding |
|
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Registration Number |
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Import / Export |
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Number of
Employees |
5 |
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1. Salaried
employees |
5 |
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2. Permanent
employees |
5 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
3 |
Owned |
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The Fleet is made up of |
3 Vehicles |
|||
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1. Light
Delivery Vehicles |
3 |
Owned |
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Offices |
Offices / Warehouse |
Head Office Owned/ Rented |
Owned |
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Owned by |
SUNTHOSH BALCHUD |
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Value |
Unavailable |
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Bond |
Unavailable |
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Bank |
Unavailable |
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Type of Premises |
Offices and Warehouses |
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Branches Names |
Country |
Province |
|
None |
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Branches Owned/ Rented |
None |
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Rental Company |
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Owned |
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Value |
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Bank |
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Bond |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Organisation chart
|
Level |
Position |
Name |
|
1 |
DIRECTOR |
SUNTHOSH BACHUND |
Company Structure
(Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
100% |
SUNTHOSH BACHUND |
None |
Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
|
None |
|
|
AWAITING TRADE
REFERENCES
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
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|
2 |
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3 |
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Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
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2 |
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3 |
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Judgements
|
Judgements |
None |
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Possible
Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
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Default Listings
|
Date |
Details |
|
None |
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Notarial Bonds
|
Date |
Details |
|
None |
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|
Bank |
FNB |
|
Branch |
BRAYDEN |
|
Bank Account Number |
62232865339 |
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Type of Account |
CURRENT |
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Account Name |
BNC INDUSTRIAL SERVICES CC |
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Overdraft Facilities |
Yes |
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Bank Code |
C for R 1 000 000.00 |
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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 |
|
None |
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Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
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Property Interestsfor Company
|
Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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|
Bond Number |
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Bond Amount |
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Financial
Estimates
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CURRENT ASSETS |
Deemed Confidential |
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Stock |
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Debtors |
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FIXED ASSETS |
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Plant, Equipment, Vehicles |
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Property |
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CURRENT LIABILITIES |
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Creditors |
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Loans/ From? |
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LONG TERM LIABILITIES |
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Morgage Bonds |
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Previous Year Turnover |
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Estimated Current Year Turnover |
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Current Turnover per month |
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Current Turnover per annum |
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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 |
1 |
|
Average Age of Active Principals |
41 |
Active Principals
Principal 1 of 1: SUNTHOSH BALCHUND
|
Surname |
BULCHAND |
|
First Name |
SUNTHOSH |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7110125171082 |
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Verified ID Number |
Yes |
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Current Age |
41 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2008-12-11 |
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Physical Address (at time of Appointment) |
5 Panchoo Garden 323 AVACA ROAD AVOCA 4051 |
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Postal Address |
PO Box 40188 REDHILL 4071 |
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Current Tel Number |
031 5638565 |
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Cell number |
073 7773554 |
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Current Fax Number |
Unavailable |
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Current Email Address |
|
|
Shareholding |
0.0000 |
Adverse
Information for: SUNTHOSH BALCHUND
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: SUNTHOSH
BALCHUND
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BEAM JOINT VENTURE STRUCTURE (PTY) LTD |
2008/025743/07 |
In Business |
3 Years 7 Months |
0 |
No |
|
BNC PROJECTS (PTY) LTD |
2001/008291/07 |
In Business |
11 Years 1 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property
Interestsfor: SUNTHOSH BALCHUND
|
Title Deed No. |
ST33836/2004 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
323 AVOCA DURBAN
NORTH |
|
Property Type |
Sectional Title / Unit |
Extent / Size |
83.0SQM |
|
Purchase Date |
2004-03-12 |
Purchase price |
R 212 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
HINDOO
WORSHIPPER OF SHREE LUT |
|
Bond Number |
K11051996S |
Bond Amount |
R 0.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
UK Pound |
1 |
Rs.85.29 |
|
Euro |
1 |
Rs.68.86 |
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 |
|
---- |
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.