MIRA INFORM REPORT
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Report Date : |
28.03.2012 |
IDENTIFICATION DETAILS
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Name : |
KARBOCHEM (PTY) LTD |
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Registered Office : |
Registered Office : |
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Country : |
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Date of Incorporation : |
02.07.2002 |
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Com. Reg. No.: |
M2002/015590/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacture of plastics
in primary form and of synthetic rubber |
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No. of Employees
: |
381 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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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Maximum Credit Limit : |
US$ 150 000 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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South Africa |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Subject Name |
KARBOCHEM
(PTY) LTD |
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Country |
SOUTH
AFRICA |
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Requested Credit Limit |
US$
150 000 |
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Enquiry Terms |
30
DAYS |
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Account Review |
6
MONTHS |
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Subject Contact person |
MRS
LOCK-016 9731412 |
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Assessment |
This
is well-established company. A
bank code revealed that the subject would be considered as equal to
R2 000 000 over 30 days. Trade
References were not forthcoming from the subject, however information was
obtained from various sources.In view of the standing of the company they are
considered as equal to their normal business engagements and to your figure
of US$150 000 |
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Registered Name |
KARBOCHEM (PTY) LTD |
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Trading as/ Division Name |
None |
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Previous Name |
None |
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Date of Name Change |
2002-07-02 |
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Registration Number |
M2002/015590/07 |
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Registration Date |
2002-07-02 |
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Date Commenced Trading |
2002-07-02 |
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Age of Business |
9 Years 8 Months |
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History of Business |
·
KARBOCHEM
(PTY) LTD ·
Company origins dates back to 1964 |
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History of Principals |
KARBOCHEM (PTY) LTD is privately owned and managed by its
Shareholders/Directors. |
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Shareholders/Members/Partners of subject
and % holding |
100% KARBOCHEM HOLDINGS (PTY) LTD |
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Authorised Share Capital |
R 1000 |
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Issued Share Capital/Members Contribution |
R 100 |
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Status |
This Business is Active |
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Operations Assessment |
Manufacture a range of emulsion and
solution elastomers and synthetic rubber. |
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Industry/ Customers |
·
Local
customers includes BSFS continental Dunlop, Goodyear. ·
Export customers includes most Global tyre companies
many prominent Golf Ball producers. |
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Export |
India, Europe etc |
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Major Industry Code / SICC |
3343 |
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Definition of Code |
Manufacture of plastics
in primary form and of synthetic rubber. |
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Head Office Physical Address |
Bunsen Street SASOLBURG 9570 |
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Head Office Postal Address |
PO Box 19 SASOLBURG 1940 |
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Current Tel Number |
016 9701911 |
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Cell number |
None |
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Current Fax Number |
016 9731412 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
MEINTJIES VERMOOLEN & PARTNERS |
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Trading Name |
Unavailable |
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Registration Number |
Unavailable |
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Physical Address |
Block At Nature Block A 472 BotterKlapper Die Wiagers PRETORIA NORTH 0184 |
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Postal Address |
Block At Nature Block A 472 BotterKlapper Die Wiagers PRETORIA NORTH 0184 |
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Contact Person |
LIEZEL VAN WESTIUZEN |
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Contact Number |
012 8166600 |
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Email |
Unavailable |
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Principals |
Unavailable |
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Judgements Against Subject |
None |
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Judgements Against Principals |
None |
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Subject Verified as Client |
Yes |
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SAICA number |
Unavailable |
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VAT Number |
Unavailable |
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Tax Number |
Unavailable |
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BEE Status |
Unavailable |
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Financial Year End |
Unavailable |
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Years With Auditors |
Unavailable |
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Website |
Unavailable |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
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PRO DEO
OUDEITEURE |
|
Unknown |
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Vat Number |
4630205054 |
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Status |
Active |
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Vat Liable Date |
2003-05-01 |
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Tax Number |
9255487143 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
August |
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Status |
Unknown |
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Score |
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Expire Date |
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BEE Certificate Available |
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Type of ISO Grade |
None |
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ISO Certificate |
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ISO Certificate Available |
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Certified by an Accredited Agent |
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Registered |
Yes |
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Compliance Certified |
Yes |
Subsidiaries
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Subsidiary Company |
SYNTHETIC LATEX CO (PTY) LTD |
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Shareholding |
100% KARBOCHEM HOLDINGS (PTY) LTD |
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Registration Number |
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Import / Export |
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Subsidiary Company |
ORCHEM (PTY) LTD |
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Shareholding |
100% KARBOCHEM HOLDINGS (PTY) LTD |
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Registration Number |
M1967/007971/07 |
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Import / Export |
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Number of
Employees |
381 |
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1. Salaried
employees |
381 |
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2. Waged
employees |
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3. Permanent
employees |
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4. Casual
employees |
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5. Contracted
employees |
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Unknown how many vehicles
are owned by the company.
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
The subject does
own vehicles. |
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1. Cars |
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2. Light
Delivery Vehicles |
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3. Trailers |
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4. Busses |
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5. Trucks |
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6. Fork
Lifts |
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7. Other |
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Offices |
Offices |
Head Office Owned/ Rented |
Owned |
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Rental Company |
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Owned by |
Owned by the company |
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Value |
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Bond |
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Bank |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
offices |
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Branches Names |
Country |
Province |
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NEWCASTLE |
SOUTH AFRICA |
KWAZULU NATAL |
Branches Owned/ Rented |
Owned |
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Rental Company |
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Owned |
Owned by the company |
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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 |
Offices |
Organisation chart
|
Level |
Position |
Name |
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1 |
DIRECTOR |
DUNCAN BLACKBURN |
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1 |
DIRECTOR |
PETRUS STEENKAMP |
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1 |
DIRECTOR |
ABRAHAM BRINK |
Company Structure (Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
100% |
KARBOCHEM HOLDINGS (PTY) LTD |
None |
Key
deals signed within the past 12 months.
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Company |
Value |
Contact |
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None |
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Still awaits for Trade Reference
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
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1 |
Unavailable |
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2 |
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3 |
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Trade References
Detail
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
Unavailable |
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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 |
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None |
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Default Listings
|
Date |
Details |
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None |
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Notarial Bonds
|
Date |
Details |
|
None |
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Bank |
STANDARD BANK |
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Branch |
SASOLBURG |
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Bank Account Number |
22093729 |
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Type of Account |
CURRENT |
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Account Name |
KARBOCHEM (PTY) LTD |
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Overdraft Facilities |
No |
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Bank Code |
C for R 2 000 000 |
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Bank Comment |
The subjects bankers consider them as equal to their normal business engagements. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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None |
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Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Property Interestsfor Company
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Title Deed No. |
T15922/2006 |
Erf/Site No. |
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Deeds Office |
BLOEMFOTEIN |
Physical Address |
INDUSTRIAL ZONE 2 SASOLBURG |
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Property Type |
Farms |
Extent / Size |
109.2002H |
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Purchase Date |
2003-07-09 |
Purchase price |
R 4 678 126.00 |
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% Ownership |
0.0000 |
Bond Holder |
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Bond Number |
I-43081986LG-860506 |
Bond Amount |
R 0.00 |
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Title Deed No. |
T15922/2006 |
Erf/Site No. |
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Deeds Office |
BLOEMFOTEIN |
Physical Address |
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Property Type |
Freehold/Ervin |
Extent / Size |
20.2342H |
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Purchase Date |
2003-07-09 |
Purchase price |
R 4 678 126.00 |
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% Ownership |
0.0000 |
Bond Holder |
|
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Bond Number |
|
Bond Amount |
R 0.00 |
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Title Deed No. |
T15922/2006 |
Erf/Site No. |
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Deeds Office |
BLOEMFOTEIN |
Physical Address |
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Property Type |
Freehold/Ervin |
Extent / Size |
1.6208H |
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Purchase Date |
2003-07-09 |
Purchase price |
R 4 678 126.00 |
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% Ownership |
0.0000 |
Bond Holder |
|
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Bond Number |
|
Bond Amount |
R 0.00 |
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Title Deed No. |
T15922/2006 |
Erf/Site No. |
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Deeds Office |
BLOEMFOTEIN |
Physical Address |
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Property Type |
Freehold/Ervin |
Extent / Size |
17.8648H |
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Purchase Date |
2003-07-09 |
Purchase price |
R 4 678 126.00 |
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% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
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Title Deed No. |
T32290/2004 |
Erf/Site No. |
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Deeds Office |
PIETERMARITZBURG |
Physical Address |
AIRPORT
INDUSTRIAL NEWCASTLE |
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Property Type |
Freehold/Ervin |
Extent / Size |
39.5880H |
|
Purchase Date |
2003-07-09 |
Purchase price |
R 1 050 748.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
K1572000S |
Bond Amount |
R 0.00 |
|
Title Deed No. |
T32290/2004 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
AIRPORT
INDUSTRIAL NEWCASTLE |
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Property Type |
Freehold/Ervin |
Extent / Size |
26.973H |
|
Purchase Date |
2003-07-09 |
Purchase price |
R 1 0505 748.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
K1572000S |
Bond Amount |
R 0.00 |
|
Title Deed No. |
T32290/2004 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
AIRPORT
INDUSTRIAL NEWCASTLE |
|
Property Type |
Freehold/Ervin |
Extent / Size |
|
|
Purchase Date |
2003-07-09 |
Purchase price |
R 1 050 748.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
K9751998S |
Bond Amount |
R 0.00 |
|
Title Deed No. |
T32289/2004 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
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|
Property Type |
Freehold/Ervin |
Extent / Size |
53.3119H |
|
Purchase Date |
2003-07-09 |
Purchase price |
R 8 050 191.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
K10381986S |
Bond Amount |
R 0.00 |
Financial
Estimates
|
CURRENT ASSETS |
Unknown |
|
Stock |
|
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Debtors |
|
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FIXED ASSETS |
|
|
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 |
R 1200 000 000 |
|
Current Turnover per month |
R 100 000 000 |
|
Current Turnover per annum |
|
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 |
3 |
|
Average Age of Active Principals |
61 |
Active Principals
Principal 1 of 3: DUNCAN BLACKBURN
|
Surname |
BLACKBURN |
|
First Name |
DUNCAN |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5012115025009 |
|
Verified ID Number |
Yes |
|
Current Age |
62 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Unknown |
|
Physical Address (at time of Appointment) |
7 Tania Road MORNINGSIDE 2057 |
|
Postal Address |
PO Box 4907 RIVONIA 2128 |
|
Current Tel Number |
011 6011660 |
|
Cell number |
082 4128033 |
|
Current Fax Number |
016 9701911 |
|
Current Email Address |
|
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for:DUNCAN BLACKBURN
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for:DUNCAN BLACKBURN
Current
Business Interest
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
THE SYNETIC LATEX COMPANY (PTY) LTD |
1967/000264/07 |
In Business |
45 Years 2 Months |
0 |
No |
|
ORCHEM (PTY) LTD |
M1967/007971/07 |
In Business |
44 Years 8 Months |
0 |
No |
|
KARBOCHEM INVESTMENTS (PTY) LTD |
2004/009673/07 |
In Business |
7 Years 11 Months |
0 |
No |
|
KARBOCHEM HOLDINGS (PTY) LTD |
M2002/012267/07 |
In Business |
9 Years 10 Months |
0 |
No |
|
MARIBENNET PROPERTY HOLDINGS (PTY) LTD |
M2002/019364/07 |
In Business |
9 Years 7 Months |
0 |
No |
|
KARBOCHEM PROPETIES (PTY) LTD |
M2003/012968/07 |
In Business |
8 Years 9 Months |
0 |
No |
|
ORCHEM TRADING (PTY) LTD |
M2005/017193/07 |
In Business |
6 Years 10 Months |
0 |
No |
|
TOSCELLO PROPETY INVESTMENT (PTY) LTD |
M2005/029532/07 |
In Business |
6 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 |
|
FARM-AG LTD |
1947/026632/06 |
Deregistration Final |
64 Years 6 Months |
0 |
No |
|
SAFRIPOL (PTY) LTD |
1963/002743/07 |
Dissolved |
48 Years 9 Months |
0 |
No |
|
DOW PLASTICS SOUTHERN AFRICA (PTY) LTD |
1971/010609/07 |
Dissolved |
40 Years 6 Months |
0 |
No |
|
ARCH WATER PRODUCTS SOUTH AFRICA |
1972/004848/07 |
In Business |
39 Years 3 Months |
0 |
No |
|
FEDSEN (PTY) LTD |
1977/001027/07 |
Dissolved |
34 Years 11 Months |
0 |
No |
|
UNION CARBIDE SOUTH AFRICA (PTY) LTD |
1979/001092/07 |
In Business |
32 Years 7 Months |
0 |
No |
|
SYNTHETA (PTY) LTD |
1982/002028/07 |
Dissolved |
30 Years |
0 |
No |
|
DIE PRIMERE SKOOL NOORD OUERVERENIGING
REKENAARSENTRUM |
1988/003450/08 |
Deregistration Final |
23 Years 9 Months |
0 |
No |
|
SENMIN (PTY) LTD |
1993/001002/07 |
Deregistration Final |
19 Years 1 Months |
0 |
No |
|
AFRICAN AMINES (PTY) LTD |
1993/004577/07 |
In Business |
18 Years 7 Months |
0 |
No |
|
DOW SOUTH AFRICA HOLDINGS (PTY) LTD |
1997/011422/07 |
In Business |
14 Years 8 Months |
0 |
No |
|
LANXESS CISA (PTY) LTD |
M1996/014329/07 |
In Business |
15 Years 5 Months |
0 |
No |
|
SA CALCIUM CARBIDE (PTY) LTD |
M2003/002543/07 |
In Business |
9 Years 1 Months |
0 |
No |
Deeds Information
Property
Interestsfor: DUNCAN BLACKBURN
|
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 3: PETRUS STEENKAMP
|
Surname |
STEENKAMP |
|
First Name |
PETRUS |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5601285025086 |
|
Verified ID Number |
Yes |
|
Current Age |
56 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Unknown |
|
Physical Address (at time of Appointment) |
16 Kommellenboog Street SASOLBURG 9570 |
|
Postal Address |
16 Kommellenboog Street SASOLBURG 9570 |
|
Current Tel Number |
016 97015256 |
|
Cell number |
082 4115821 |
|
Current Fax Number |
016 9731412 |
|
Current Email Address |
|
|
Shareholding |
(if the principal owns shares) |
Adverse Information for:PETRUS STEENKAMP
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for:PETRUS STEENKAMP
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
THE SYNETIC LATEX COMPANY (PTY) LTD |
1967/000264/07 |
In Business |
45 Years 2 Months |
0 |
No |
|
ORCHEM (PTY) LTD |
M1967/007971/07 |
In Business |
44 Years 8 Months |
0 |
No |
|
KARBOCHEM INVESTMENTS (PTY) LTD |
2004/009673/07 |
In Business |
7 Years 11 Months |
0 |
No |
|
KARBOCHEM HOLDINGS (PTY) LTD |
M2002/012267/07 |
In Business |
9 Years 10 Months |
0 |
No |
|
MARIBENNET PROPERTY HOLDINGS (PTY) LTD |
M2002/019364/07 |
In Business |
9 Years 7 Months |
0 |
No |
|
KARBOCHEM PROPETIES (PTY) LTD |
M2003/012968/07 |
In Business |
8 Years 9 Months |
0 |
No |
|
ORCHEM TRADING (PTY) LTD |
M2005/017193/07 |
In Business |
6 Years 10 Months |
0 |
No |
|
TOSCELLO PROPETY INVESTMENT (PTY) LTD |
M2005/029532/07 |
In Business |
6 Years 7 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
19 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SENMIN (PTY) LTD |
1993/001002/07 |
Deregistration Final |
19 Years 1 Months |
0 |
No |
Deeds Information
Property
Interestsfor: PETRUS STEENKAMP
|
Title Deed No. |
ST6851/2006 |
Erf/Site No. |
2435&153&674 |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
5 SELVEY BEACON
MARGATE |
|
Property Type |
Sectional Unit / Unit |
Extent / Size |
120.0SQM |
|
Purchase Date |
2005-12-01 |
Purchase price |
R 1 340 000.00 |
|
% Ownership |
0.000 |
Bond Holder |
ABSA BANK BPK |
|
Bond Number |
SB91612006 |
Bond Amount |
R 1 340 000.00 |
Principal
3 of 3: ABRAHAM BRINK
|
Surname |
BRINK |
|
First Name |
ABRAHAM |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
4601295005004 |
|
Verified ID Number |
Yes |
|
Current Age |
66 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Unknown |
|
Physical Address (at time of Appointment) |
14 Coralwwod Close Woodland PRETORIA 0001 |
|
Postal Address |
PO Box 43 WOODLANDS 0072 |
|
Current Tel Number |
011 6011660 |
|
Cell number |
082 7718191 |
|
Current Fax Number |
016 9731412 |
|
Current Email Address |
|
|
Shareholding |
(if the principal owns shares) |
Adverse Information for:ABRAHAM BRINK
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for:ABRAHAM BRINK
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
THE SYNETIC LATEX COMPANY (PTY) LTD |
1967/000264/07 |
In Business |
45 Years 2 Months |
0 |
No |
|
ORCHEM (PTY) LTD |
M1967/007971/07 |
In Business |
44 Years 8 Months |
0 |
No |
|
KARBOCHEM INVESTMENTS (PTY) LTD |
2004/009673/07 |
In Business |
7 Years 11 Months |
0 |
No |
|
KARBOCHEM HOLDINGS (PTY) LTD |
M2002/012267/07 |
In Business |
9 Years 10 Months |
0 |
No |
|
MARIBENNET PROPERTY HOLDINGS (PTY) LTD |
M2002/019364/07 |
In Business |
9 Years 7 Months |
0 |
No |
|
KARBOCHEM PROPETIES (PTY) LTD |
M2003/012968/07 |
In Business |
8 Years 9 Months |
0 |
No |
|
ORCHEM TRADING (PTY) LTD |
M2005/017193/07 |
In Business |
6 Years 10 Months |
0 |
No |
|
TOSCELLO PROPETY INVESTMENT (PTY) LTD |
M2005/029532/07 |
In Business |
6 Years 7 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
24 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
FEDSEN (PTY) LTD |
1977/001027/07 |
Dissolved |
34 Years 11 Months |
0 |
No |
|
SYNTHETA (PTY) LTD |
1982/002028/07 |
Dissolved |
30 Years |
0 |
No |
|
ASSSOCIATION OF VETERINARY AND CROP ASSOCIATION
OF SOUTH AFRICA |
1987/002403/08 |
In Business |
24 Years 9 Months |
0 |
No |
|
KOFFIETIJD (PTY) LTD |
2002/024153/07 |
Deregistration Final |
9
Years 6
Months |
0 |
No9 |
Deeds Information
Property
Interestsfor: ABRAHAM BRINK
|
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 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.91 |
|
UK Pound |
1 |
Rs.81.27 |
|
Euro |
1 |
Rs.67.99 |
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.