|
Report Date : |
07.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
ORO AFRICA PTY LTD |
|
|
|
|
Formerly Known As : |
EFUN BROTHERS |
|
|
|
|
Registered Office : |
170 Buitengracht Street Cape Town Western Cape |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
23.04.1998 |
|
|
|
|
Com. Reg. No.: |
M1998/007629/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturing and export of Jewellery |
|
|
|
|
No. of Employees : |
25 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
ORO
AFRICA PTY LTD |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
$
1 500 000 |
|
Enquiry Terms |
D/A |
|
Account Review |
|
|
Subject Contact person |
DAVID
DREDZON |
|
Assessment |
This
appears to be a well established company. We
have contacted Mr. DAVID DREDZON who confirmed the information. A
bank code C was obtained for an amount of R 1 500 000 over 30 days. We
were unable to obtain a set figure from trade references in terms of credit
limits. Please
see the below information for the subject. |
|
Registered Name |
ORO AFRICA PTY LTD |
|
Trading as/ Division Name |
Unavailable |
|
Previous Name |
EFUN BROTHERS |
|
Date of Name Change |
1998 |
|
Registration Number |
M1998/007629/07 |
|
Registration Date |
1998-04-23 |
|
Date Commenced Trading |
1998-04-23 |
|
Age of Business |
13 Years 10 Months |
|
History of Business |
This was a family business established in 1945 as a small cast
manufacturer and wholesaler of jewellery. |
|
History of Principals |
Unavailable |
|
Shareholders and % holding |
Part of a group holding |
|
Authorised Share Capital |
1000.0000 |
|
Issued Share Capital |
1000 |
|
Status |
In Business |
|
Operations Assessment |
Manufacturing and export of Jewellery |
|
Industry/ Customers |
Wholesalers, traders, retailers |
|
Export |
Yes |
|
Major Industry Code / SICC |
3921 |
|
Definition of Code |
Manufacture
of jewellery and related articles |
|
Head Office Physical Address |
170
Buitengracht Street CAPE
TOWN Western
Cape |
|
Head Office Postal Address |
PO Box 16552 VLAEBERG 8018 |
|
Current Tel Number |
021 4809860 |
|
Cell number |
082 5637709 |
|
Current Fax Number |
021 4235506 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
PKF (CPT) INC |
|
Trading Name |
Unavailable |
|
Registration Number |
M2000/016512/21 |
|
Physical Address |
21st & 2nd Floors No 2 Long Street CAPE TOWN 8001 |
|
Postal Address |
PO Box 7489 ROGGEBAAI 8012 |
|
Contact Person |
BRADLEY JACKSON |
|
Contact Number |
021 4055340 |
|
Email |
|
|
Principals |
10 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
Profession Number |
913596E |
|
VAT Number |
4100191016 |
|
Tax Number |
9680033140 |
|
BEE Status |
Yes Level 4 |
|
Financial Year End |
February |
|
Years With Auditors |
5 |
|
Website |
|
Company Name |
Phone Number |
Time with previous auditors |
|
PAPAILSKY |
Unavailable |
14 |
|
FISHER HOFFMAN
AND SITHOLE |
Unavailable |
14 |
|
Vat Number |
4570173825 |
|
Status |
Active |
|
Vat Liable Date |
1998-07-01 |
|
Tax Number |
9434251840 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
March |
|
Status |
None Compliant |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Type of ISO Grade |
Unavailable |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited Agent |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
Unavailable |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
25 |
|
1. Salaried
employees |
25 |
|
2. Waged
employees |
|
|
3. Permanent
employees |
|
|
4. Casual
employees |
|
|
5. Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
|
|||
|
1. Cars |
|
|
|
|
|
2. Light
Delivery Vehicles |
1 |
Leased |
|
|
|
3. Trailers |
|
|
|
|
|
4. Busses |
|
|
|
|
|
5. Trucks |
|
|
|
|
|
6. Fork
Lifts |
|
|
|
|
|
7. Other |
|
|
|
|
|
Offices |
|
Head Office Owned/ Rented |
Rented |
|
Rental Company |
ORO PROPS |
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
Unavailable |
|
Lease Expire Date |
Unavailable |
|
Type of Premises |
Offices |
|
Branches Names |
Country |
Province |
|
Unavailable |
|
|
Branches Owned/ Rented |
Unavailable |
|
Rental Company |
|
|
Level |
Position |
Name |
|
Unavailable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
100 % |
ORO GROUP |
Unavailable |
|
|
|
|
|
Company |
Value |
Contact |
|
Declined |
|
|
|
|
|
|
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
UNITY DAIMONDS |
011 4842594 |
|
2 |
MEGA FREIGHT
SERVICES |
021 4134300 |
Trade
References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
18 Years |
Open Credit |
Open Credit |
30 Days |
Unavailable |
30 Days |
Excellent Payers |
|
2 |
12 Years |
Declined |
Declined |
21 Days |
Declined |
21 Days |
Excellent Payers |
Adverse Information on Subject
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Judgements
|
Case Number |
No information on record |
|
Amount |
|
|
Reason |
|
|
Court Name |
|
|
Judgement Type |
|
|
Judgement Date |
|
|
Plaintiff
(Multiple) |
|
Business
Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
|
Default
Listings
|
Date |
Details |
|
None |
|
Notarial
Bonds
|
Date |
Details |
|
None |
|
|
Bank |
NEDBANK |
|
Branch |
PARKTOWN |
|
Bank Account Number |
1944144870 |
|
Type of Account |
CURRENT |
|
Account Name |
ORO AFRICA PTY LTD |
|
Overdraft Facilities |
Yes |
|
Date Opened |
Unavailable |
|
Bank Code |
C |
|
Bank Comment |
The subjects bankers consider them good for all business normal
engagements. |
Bank
Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
None |
|
|
|
|
|
|
|
Previous
Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Property Interests for Company
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Financial
Estimates
|
CURRENT ASSETS |
R 11 500 000 |
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
R 1 400 000 |
|
Plant, Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
Declined |
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM LIABILITIES |
Unavailable |
|
Morgage Bonds |
Unavailable |
|
Previous Year Turnover |
Unavailable |
|
Estimated Current Year Turnover |
Unavailable |
|
Current Turnover per month |
Unavailable |
|
Current Turnover per annum |
Unavailable |
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 |
4 |
|
Average Age of Active Principals |
51 |
Active
Principals
Principal 1 of 4: MORRIS STRUL
|
Surname |
STRUL |
|
First Name |
MORRIS |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
4905125027009 |
|
Verified ID Number |
Yes |
|
Current Age |
63 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1998-11-01 |
|
Physical Address (at time of Appointment) |
901 Cinnabar Corner Atlantic and Main Roads Muizenberg 7945 |
|
Postal Address |
901 Cinnabar Corner Atlantic and Main Roads Muizenberg 7945 |
|
Current Tel Number |
021 7881770 |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: MORRIS STRUL
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: MORRIS STRUL
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
GOLDRING MANUFACTURING JEWELLERS CC |
1998/007726/23 |
Conversion CO/CC
or CC/CO |
14 Years |
0 |
No |
|
FARAMOST REALTY CC |
B2008/079667/23 |
In Business |
3 Years 10
Months |
0 |
No |
|
SUMMERFIELDS SYNDICATE (PTY) LTD |
M1971/005982/07 |
In Business |
40 Years 9
Months |
0 |
No |
|
ORO AFRICA (PTY) LTD |
M1998/007629/07 |
In Business |
13 Years 10
Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
14 Years 6 Months |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
VOICE OF GOLD CC |
1996/008365/23 |
Deregistration
Final |
16 Years |
0 |
No |
|
ETERNITTI JEWELLERY (PTY) LTD |
M1998/022685/07 |
In Business |
13 Years 3
Months |
0 |
No |
Property Interests for: MORRIS STRUL
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 2 of 4: GARY NATHAN
|
Surname |
NATHAN |
|
First Name |
GARY |
|
Other Names |
L |
|
Marital Status |
Unavailable |
|
ID Number |
6502135162088 |
|
Verified ID Number |
Yes |
|
Current Age |
47 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1998-08-28 |
|
Physical Address (at time of Appointment) |
15 Blair Road CAMPSBAY 8002 |
|
Postal Address |
PO Box 16552 VLAEBERG 8001 |
|
Current Tel Number |
021 4809860 |
|
Cell number |
082 4121262 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: GARY NATHAN
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: GARY NATHAN
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ORO AFRICA AND DESIGN (PTY) LTD |
1998/015764/07 |
In Business |
13 Years 6
Months |
0 |
No |
|
CENERE ITALY (PTY) LTD |
2002/020328/07 |
In Business |
9 Years 6 Months |
0 |
No |
|
BASFOUR 121 CC |
B2008242973/23 |
In Business |
3 Years 3 Months |
0 |
No |
|
ORO AFRICA (PTY) LTD |
M1998/007629/07 |
In Business |
13 Years 10
Months |
0 |
No |
|
OR GROUP (PTY) LTD |
M1998/012984/07 |
In Business |
13 Years 7
Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Property Interests for: GARY NATHAN
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 3 of 4: DAVID DREDZEN
|
Surname |
DREDZEN |
|
First Name |
DAVID |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
6811075075089 |
|
Verified ID Number |
Yes |
|
Current Age |
44 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1998-08-28 |
|
Physical Address (at time of Appointment) |
89 Carisbrook Street SYDENHAM 2192 |
|
Postal Address |
PO Box 2197 HOUGHTON 2041 |
|
Current Tel Number |
011 4406567 |
|
Cell number |
082 5637709 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: DAVID DREDZEN
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: DAVID DREDZEN
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ORO AFRICA (PTY) LTD |
M1998/007629/07 |
In Business |
13 Years 10
Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
13 Years 4 Months |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ORO AFRICA AND DESIGN (PTY) LTD |
1998/015764/07 |
In Business |
13 Years 6
Months |
0 |
No |
|
ETERNITI JEWELLERY (PTY) LTD |
M1998/022685/07 |
In Business |
13 Years 3
Months |
0 |
No |
Property Interests for: DAVID DREDZEN
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 4 of 4: STEVEN NATHAN
|
Surname |
NATHAN |
|
First Name |
STEVEN |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
6205115218009 |
|
Verified ID Number |
Yes |
|
Current Age |
50 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1998-04-23 |
|
Physical Address (at time of Appointment) |
1 Ave Coeur De Cron FRESNAYE 8005 |
|
Postal Address |
PO Box 16552 VLAEBERG 8001 |
|
Current Tel Number |
021 4341233 |
|
Cell number |
082 4143544 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: STEVEN NATHAN
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: STEVEN NATHAN
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ART CAVRON (PTY) LTD |
1961/002546/07 |
Deregistration
Process |
50 Years 4
Months |
0 |
No |
|
BENFRI MANUFACTURING (PTY) LTD |
1989/000583/07 |
Deregistration
Process |
23 Years |
0 |
No |
|
DIAMOND BLUE INTERNATIONAL CC |
1994/009213/23 |
Conversion CO/CC
or CC/CO |
17 Years 11
Months |
0 |
No |
|
FILK GOLD PROPERTIES CC |
1997/059911/23 |
Conversion CO/CC
or CC/CO |
14 Years 3
Months |
0 |
No |
|
GOLDRING MANUFACTURING JEWELLERS CC |
1998/007726/23 |
Conversion CO/CC
or CC/CO |
14 Years |
0 |
No |
|
ORO AFRICA AND DESIGN (PTY) LTD |
1998/015764/07 |
In Business |
13 Years 6
Months |
0 |
No |
|
CENERE ITALY (PTY) LTD |
2002/020328/07 |
In Business |
9 Years 6 Months |
0 |
No |
|
SWISH PROPERTY FOUR (PTY) LTD |
2004/031414/07 |
In Business |
7 Years 4 Months |
0 |
No |
|
RAND REFINERY LTD |
M1920/006598/06 |
In Business |
91 Years 3 Month |
1 |
No |
|
ORO CAST (PTY) LTD |
M1995/003626/07 |
In Business |
16 Years 10
Months |
0 |
No |
|
ORO CHAINS (PTY) LTD |
M1997/006649/07 |
In Business |
14 Years 9
Months |
0 |
No |
|
ORO AFRICA (PTY) LTD |
M1998/007629/07 |
In Business |
13 Years 10
Months |
0 |
No |
|
ORO GROUP (PTY) LTD |
M1998/012984/07 |
In Business |
13 Years 7
Months |
0 |
No |
|
ETERNITI JEWELERY (PTY) LTD |
M1998/022685/07 |
In Business |
13 Years 3
Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
15 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
NATHAN BROTHERS INTERNATIONAL (PTY) LTD |
1972/005536/07 |
Deregistration Final |
39 Years 8
Months |
0 |
No |
|
CHANPROP CC |
1988/032644/23 |
Deregistration
Final |
23 Years 3
Months |
0 |
No |
|
NATKAT INVESTMENTS CC |
1989/023513/23 |
Deregistration
Final |
22 Years 7
Months |
0 |
No |
|
GOLD CLASP CC |
1994/012189/23 |
Deregistration
Final |
17 Years 10
Months |
0 |
No |
|
AVINAN INVESTMENTS CC |
1996/061903/23 |
Deregistration
Final |
15 Years 2
Months |
0 |
No |
|
LAURA AND CLARA PROPERTY INVESTMENTS CC |
1997/033752/23 |
Deregistration
Final |
14 Years 8
Months |
0 |
No |
|
TRESSO TRADING 679 (PTY) LTD |
2002/029620/07 |
Deregistration
Final |
9 Years 3 Months |
0 |
No |
|
HARLOMANE INVESTMENTS (PTY) LTD |
2004/019803/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
YELLOWTAIL TRADING 17 CC |
2005/045412/23 |
Deregistration
Final |
6 Years 10
Months |
0 |
No |
|
PALMBROOKE INVESTMENTS CC |
2008/107959/23 |
Deregistration
Process |
3 Years 9 Months |
0 |
No |
|
SECUREDATA HOLDINGS LTD |
M1998/010017/06 |
In Business |
13 Years 9
Months |
0 |
No |
Property
Interests for: STEVEN NATHAN
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
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|
Bond Number |
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Bond Amount |
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DIAMOND INDUSTRY
INDIA
-
From time immemorial, India
is well known in the world as the birthplace for diamonds. It is
difficult to trace the origin of diamonds but history says that in the remote past,
diamonds were mined only in India. Diamond production in India can be traced
back to almost 8th Century B.C. India, in fact, remained
undisputed leader till 18th Century when Brazilian fields were
discovered in 1725 followed by emergence of S. Africa, Russia and Australia.
-
The achievement of the
Indian diamond industry was possible only due to combination of the
manufacturing skills of the Indian workforce and the untiring and unflagging
efforts of the Indian diamantaires, supported by progressive Government
policies.
-
The area of study of family
owned diamond businesses derives its importance from the huge conglomerate of
family run organizations which operate in the diamond industry since many generations.
-
Some of the basic traits of
family run business enterprises include spirit of entrepreneurship, mutual
trust lowers transaction costs, small, nimble and quick to react, information
as a source of advantage and philanthropy.
-
Family owned diamond
businesses need to improve on many fronts including higher standard of
corporate governance, long-term performance focused strategies, modern
management and technology.
-
The diamond jewellery
industry in India today may be more than Rs 60000 mil and is rated amongst the
fastest growing in the world. Indi ranks third in the world in domestic
diamond consumption.
-
Utmost caution is to be
exercised while dealing with some medium and large diamond traders which are
usually engaged in fictitious import export, inter-company transactions,
financially assisted by banks. In the process, several public sector banks lost
several hundred million rupees. They mostly diverted borrowed money for diamond
business into real estate and capital markets.
-
Excerpts from Times of
India dated 30th October 2010 is as under
DIAMOND SAGA DIRTY DOZEN STUCK WITH 2K CR DEBT
This could be the biggest credibility crisis
the Indian diamond industry has ever faced. Fifteen banks run the risk of
losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two
months ago, they had not repaid these dues. Bankers believe many
diamantaires borrowed money during the economic downturn two years ago and
diverted funds to businesses like real estate and capital markets. Many of themselves
made money from these businesses but their diamond companies have gone sick and
declared insolvency.
-
Most of the money borrowed
from the banks in the name of their diamond business has been diverted in real estate
and the share market. The banks are not in a position to seize their properties
because in many cases, these were purchased in the name of their relatives and
friends.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.03 |
|
|
1 |
Rs.79.32 |
|
Euro |
1 |
Rs.66.02 |
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.