MIRA INFORM REPORT

 

 

Report Date :

05.05.2012

 

IDENTIFICATION DETAILS

 

Name :

CONTINENTAL TYRE SOUTH AFRICA (PTY) LTD

 

 

Formerly Known As :

LEXSHELL 153 INVESTMENTS (PTY) LTD

 

 

Registered Office :

Cadle Street, New Brighton West, Port Elizabeth, Eastern Cape

 

 

Country :

South Africa

 

 

Date of Incorporation :

17.12.1998

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres

 

 

No. of Employees :

Not Available

 

 

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 – September 30, 2011

 

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

Restricted

 

C2

Off-credit

 

D

 


Company name

 

Subject Name

CONTINENTAL TYRE SOUTH AFRICA (PTY) LTD

Country

SOUTH AFRICA

Enquiry Terms

D/A

Account Review

Every 3 Months

Subject Contact person

DUANE HOLBURN – Accountant / TASNIM ALMAHI – Financial Manager

 

 

 

Assessment

 

 

 

 

On investigation we made contact with DUANE HOLBURN who assisted with the information for the subject.

This is an established company reaching a credit exposure of R25 000 000 over 30 days with excellent feedback from trade references.

The subject is owned by a foreign holding company GLOBAL HOLDINGS NETHERLANDS BV, who owns 74% shares within the subject, 26 % belongs to VILISANGO INDUSTRIES (PTY) LTD a local BEE rated entity.

 

We await bank codes.

 

Please see the available information for the subject below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Information

 

Registered Name

CONTINENTAL TYRE SOUTH AFRICA (PTY) LTD

Trading as/ Division Name

CONTINENTAL TYRE

Previous Name

LEXSHELL 153 INVESTMENTS (PTY) LTD

Date of Name Change

17 December 1998

Registration Number

M1998/005020/07

Registration Date

1998-03-17

Date Commenced Trading

1998-03-17

Age of Business

14 Years 2 Months

History of Business

·         In 1948 the manufacturing facility was built in Port Elizabeth and by the end of 1950, tyres, tubes and repair materials were being sold in South Africa, Zambia and Zimbabwe. The assets and liabilities of the company

·         An original company GENTYRE (PTY) LTD was sold out of a division of TEAMCOR LTD and incorporated into a company named LEXSHELL 153 INVESTMENTS (PTY) LTD.

·         The subject changed its name to CONTINENTAL TYRES SA (PTY) LTD on 17 March 1998, which then had a name change to CONTINENTAL TYRE SA (PTY) LTD on 17 December 1998.

History of Principals

Unavailable

Shareholders and  % holding

74 % - GLOBAL HOLDINGS NETHERLANDS BV

26 % - VILISANGO INDUSTRIES (PTY) LTD

Authorised Share Capital

Unavailable

Issued Share Capital

Unavailable

Status

In Business

Operations Assessment

Manufacture and distributor of safe and quality tyres

Industry/ Customers

Light and heavy motor vehicle institutions

Export

Yes

Major Industry Code / SICC

3371

Definition of Code

Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres

Head Office Physical Address

 

 

Cadle Street

New Brighton West

PORT ELIZABETH

EASTERN CAPE

Head Office Postal Address

 

 

PO Box 699

PORT ELIZABETH

6000

Current Tel Number

041 4065111

Cell number

083 8835205

Current Fax Number

041 4512354

Current Email Address

tasnim.almahi@conti.co.za

Web Site Address

www.continental.com

 

 

Auditors Information

 

Company Registered Name

KPMG INCORPORATED

Trading Name

KPMG

Registration Number

1999/021543/21

Physical Address

200 Norvic Drive

GREENACRES

PORT ELIZABETH

6001

Postal Address

PO Box 1662

PORT ELIZABETH

6000

Contact Person

QUINTON LEVEY

Contact Number

041 3951500

Email

Quintin.levey@kpmg.co.za

Principals

248

Judgements Against Subject

Unavailable

Judgements Against Principals

Unavailable

Subject Verified as Client

Yes

SAICA number

04846622

VAT Number

4530188665

Tax Number

9559555843

BEE Status

AAA

Financial Year End

August

Years With Auditors

6

Website

www.kpmg.co.za

 

Previous Auditors

Company Name

Phone Number

Time with previous auditors

PRICEWATERHOUSECOOPERS

Unavailable

14 Years

 

 

Tax Information

 

Vat Number

4150175778

Status

Active

Vat Liable Date

1998-06-30

Tax Number

9506422840

Tax Clearance Expire Date

Unavailable

Financial Year End

December

 

 

Black Economic Empowerment

 

Status

Yes

Score

Level 5

Expire Date

Unavailable

BEE Certificate Available

Unavailable

 

 

ISO Status

 

Type of ISO Grade

Unavailable

ISO Certificate

 

ISO Certificate Available

 

Certified by an Accredited Agent

 

 

 

Workman’s compensation

 

Registered

Unavailable

Compliance Certified

 


Company Structure

 

Subsidiaries

 

Subsidiary Company

Unavailable

Shareholding

 

Registration Number

 

Import / Export

 

 

Number of Employees

Unavailable

1.       Salaried employees

 

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

Unavailable

 

Offices

Unavailable


Head Office Owned/ Rented

 

Rental Company

 

Owned by

 

 

Branches Names

Country

Province

CONTINENTAL SOUTH AFRICA - BLOEMFONTEIN

SOUTH AFRICA

FREESTATE

CONTINENTAL SOUTH AFRICA – CAPE TOWN

SOUTH AFRICA

WESTERN CAPE

CONTINENTAL SOUTH AFRICA – DUEBAN

SOUTH AFRICA

KWA-ZULU NATAL

CONTINENTAL SOUTH AFRICA – PORT ELIZABETH

SOUTH AFRICA

EASTERN CAPE

CONTINENTAL SOUTH AFRICA – JOHANNESBURG

SOUTH AFRICA

GAUTENG

CONTINENTAL SOUTH AFRICA – PORT ELIZABETH

SOUTH AFRICA

EASTERN CAPE

 


Branches Owned/ Rented

Mostly leased from various companies.

Rental Company

 

 

Management Overview

Organisation chart

Level

Position

Name

1

Chairman Director

MR. B. KOLLER

2

Director

MR. CRO. KOTZ

MR. VA. MKELE

MS. BJ. NJENJE

MR. N. SETZER

MR. H. HORNI

 

Company Structure (Ownership)

Note: One level up and all levels down

Holding

Company

Sub

74 % - GLOBAL HOLDINGS NETHERLANDS BV

CONTINENTAL TYRES SA (PTY) LTD

None

26 % - VULISANGO INDUSTRIES (PTY) LTD

CONTINENTAL TYRES SA (PTY) LTD

None

 

 

Trade References

 

Key deals signed within the past 12 months.

 

Company

Value

Contact

Unavailable

 

 

 

Trade Reference nr

Supplier

Contact

1

ALGORAX (PTY) LTD

041 4024100

2

KARBOCHEM (PTY) LTD

016 970 1911

3

KUEHNE + NAGEL (PTY) LTD

041 9788014

 

Trade References Detail

 

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

10 Years

R 10 000 000

R 13 000 000

7 Days

R 13 000 000

7 Days

Brilliant account – No hassles with payments

2

8 Years

R 45 000 000

R 25 000 000

30 Days

R 25 000 000

30 Days

Excellent Account

3

Unable

To

Obtain

Trade

Reference

 

 

 


Adverse Information on Subject

Judgements

 

Judgements

None

Possible Judgements

None

Civil Court

None

RDs

None

 

Business Rescue

Date registered

Business rescue practitioner

Contact Information

Details

None

 

 

 

 

Default Listings

Date

Details

None

 

 

Notarial Bonds

Date

Details

None

 

 

Bank Information

 

Bank

FNB

Branch

NEWTON PARK

Bank Account Number

53420517832

Type of Account

Cheque

Account Name

CONTINENTAL TYRE SA (PTY) LTD

Overdraft Facilities

Unavailable

Date Opened

Unavailable

Bank Code

Awaiting Bank Code

Bank Comment

 

 

 

Bank

FNB

Branch

NEWTON PARK

Bank Account Number

62122873731

Type of Account

Cheque

Account Name

CONTINENTAL TYRE SA (PTY) LTD

Overdraft Facilities

Unavailable

Date Opened

Unavailable

Bank Code

Awaiting Bank Code

Bank Comment

 

 

 

Bank Codes History

Date requested

Bank Code

Enquiry Amount

Number of RD’s

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

 

 

 

 

 

 

 

Deeds Information

 

Property Interests for Company

Title Deed No.

T2811/1999

Erf/Site No.

0

Deeds Office

PIETERMARITZBURG

Physical Address

 

Property Type

FARMS

Extent / Size

0.00

Purchase Date

1998-11-18

Purchase price

R 7 939 361,00

% Ownership

0.0000

Bond Holder

 

Bond Number

 

Bond Amount

R 0,00

 

 

Financial Information

 

Financial Estimates

CURRENT ASSETS

Declined

Stock

 

Debtors

 

FIXED ASSETS

 

Plant, Equipment, Vehicles

 

Property

 

CURRENT LIABILITIES

 

Creditors

 

Loans/ From?

 

LONG TERM LIABILITIES

 

Morgage Bonds

 

Previous Year Turnover

 

Estimated Current Year Turnover

 

Current Turnover per month

 

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

6

Average Age of Active Principals

55

 

Active Principals

Principal 1 of 6: KARLHEINZ EVERTZ

Surname

EVERTS

First Name

KARLHEINZ

Other Names

Unavailable

Marital Status

Unavailable

ID Number

590101

Verified ID Number

No

Current Age

53

Designation

Director

Status

Active

Appointment Date

2005-08-09

Physical Address (at time of Appointment)

Rabensberg 20

D-30900

WEDEMARK

GERMANY

0000

Postal Address

PO Box 169

HANNOVER

GERMANY

30001

Current Tel Number

041 4065111

Cell number

083 8835205

Current Fax Number

041 4512354

Current Email Address

tasnim.almahi@conti.co.za

Shareholding

0.0000

 

Adverse Information for: KARLHEINZ EVERTZ

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: KARLHEINZ EVERTZ

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

CONTINENTAL TYRE SOUTH AFRICA (PTY) LTD

M1998/005020/07

In Business

14 Years 2 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 Interests for: KARLHEINZ EVERTZ

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 6: CLAUDIO BOEZIO

Surname

BOEZIO

First Name

CLAUDIO

Other Names

Unavailable

Marital Status

Unavailable

ID Number

5907115091085

Verified ID Number

Yes

Current Age

53

Designation

Director

Status

Active

Appointment Date

2005-07-01

Physical Address (at time of Appointment)

19 Overdale Avenue

Lovemore Heights

PORT ELIZABETH

EASTERN CAPE

6075

Postal Address

PO Box 14558

Sidwell

PORT ELIZABETH

EASTERN CAPE

6001

Current Tel Number

041 4065111

Cell number

083 8835205

Current Fax Number

041 4512354

Current Email Address

tasnim.almahi@conti.co.za

Shareholding

0.0000

 

Adverse Information for: CLAUDIO BOEZIO

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: CLAUDIO BOEZIO

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

BMA INTELLIGENT SYSTEMS (PTY) LTD

K2011/116643/07

In Business

8 Months

0

No

CONTINENTAL TYRE SOUTH AFRICA (PTY) LTD

M1998/005020/07

In Business

14 Years 2 Months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

10 Years 6 Months

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

THUNDER RACING (PTY) LTD

1999/019899/07

Deregistration Final

12 Years 8 Months

0

No

CONTINENTAL CORPORATE TEAM BUILDING (PTY) LTD

2001/028304/07

Deregistration Final

10 Years 6 Months

0

No

CONTINENTAL OFF-ROAD ACADEMY (PTY) LTD

2001/028305/07

Deregistration Final

10 Years 6 Months

0

No

SOUTH AFRICAN TYRE MANUFACTURERS CONFERENCE (PTY) LTD

2003/016004/07

In Business

8 Years 10 Months

0

No

ABC FITMENT CENTRE (PTY) LTD

M2001/005722/07

In Business

11 Years 2 Months

0

No

 

Deeds Information

 

Property Interests for: CLAUDIO BOEZIO

 

Title Deed No.

T42273/2000

Erf/Site No.

 

Deeds Office

CAPE TOWN

Physical Address

19 Overdale

Lovemore Heights

PORT ELIZABETH

Property Type

Freehold / Ervin

Extent / Size

1000.0SQM

Purchase Date

2000-03-19

Purchase price

R 495 000,00

% Ownership

0.0000

Bond Holder

STANDARD BANK OF SOUTH AFRICA LTD

Bond Number

B272202000

Bond Amount

R 350 000,00

 

Principal 3 of 6: BURKHARDT KOLLER

Surname

KOLLER

First Name

BURKHARDT

Other Names

Unavailable

Marital Status

Unavailable

ID Number

511226

Verified ID Number

No

Current Age

61

Designation

Director

Status

Active

Appointment Date

2005-04-13

Physical Address (at time of Appointment)

24 Sprelingweg

GARBSEN
GERMANY

30827

Postal Address

PO Box 169

HANNOVER

GERMANY

30001

Current Email Address

Unavailable

Shareholding

0.0000

Adverse Information for: BURKHARDT KOLLER

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

 

Business Information for: BURKHARDT KOLLER

 

Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

CONTINENTAL TYRE SOUTH AFRICA (PTY) LTD

M1998/005020/07

In Business

14 Years 2 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 Interests for: BURKHARDT KOLLER

 

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 6: BULELEWA JEANI NJENJE

Surname

NJENJE

First Name

BULELEWA

Other Names

JEANI

Marital Status

Unavailable

ID Number

5810040903087

Verified ID Number

No

Current Age

54

Designation

Director

Status

Active

Appointment Date

2004-10-06

Physical Address (at time of Appointment)

13 Woodfern Road

Fernbrook Estate

CRAIGAVON

2055

Postal Address

PO Box 411325

CRAIGHALL

2194

Current Tel Number

041 4065111

Cell number

083 8835205

Current Fax Number

041 4512354

Current Email Address

tasnim.almahi@conti.co.za

Shareholding

0.0000

 

Adverse Information for: BULELEWA JEANI NJENJE

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

Other

Default data

None

 

Business Information for: BULELEWA JEANI NJENJE

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

FLEETAFRICA WESTERN CAPE (PTY) LTD

1999/022766//07

In Business

12 Years 7 Months

0

No

VULISANGO HOLDINGS (PTY) LTD

2000/028345/07

In Business

11 Years 6 Months

0

No

SALAMAX 1732 (PTY) LTD

2006/030180/07

Deregistration Process

5 Years 8 Months

0

No

TOPAZ SKY TRADING 109 (PTY) LTD

2006/034650/07

In Business

5 Years 6 Months

0

No

RICHTRAU NO 47 (PTY) LTD

2005/000113/07

In Business

7 Years 4 Months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

7 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

PLUSCOR TWENTY FIVE (PTY) LTD

2000/014876/07

Deregistration Final

11 Years 10 Months

0

No

VULISANGO MINING (PTY) LTD

2004/029391/07

Deregistration Final

7 Years 7 Months

0

No

SALAMAX 1695 (PTY)LTD

2006/029442/07

Deregistration Final

5 Years 8 Months

0

No

SALAMAX 1705 (PTY)LTD

2006/029444/07

Deregistration Final

5 Years 8 Months

0

No

SUGAR CREEK TRADING 83 (PTY) LTD

2007/009212/07

Deregistration Final

5 Years 2 Months

0

No

 

Deeds Information

 

Property Interests for: BULELEWA JEANI NJENJE

 

Title Deed No.

T42236/2008

Erf/Site No.

 

Deeds Office

CAPE TOWN

Physical Address

Habour Lights

ST HELENS BAY

Property Type

Freehold / Ervin

Extent / Size

640.0SQM

Purchase Date

2007-07-18

Purchase price

R 345 000,00

% Ownership

0.0000

Bond Holder

FIRSTRAND BANK LTD

Bond Number

B405682008

Bond Amount

R 414 000,00

 

Principal 5 of 6: ZOLA LAWRENCE YEYE

Surname

YEYE

First Name

ZOLA

Other Names

LAWRENCE

Marital Status

Unavailable

ID Number

5509235777808

Verified ID Number

No

Current Age

57

Designation

Director

Status

Active

Appointment Date

2003-12-02

Physical Address (at time of Appointment)

19 Benmore Avenue

BARYMORE

PORT ELIZABETH

6025

Postal Address

PO Box 1040

PORT ELIZABETH

6001

Current Tel Number

041 4065111

Cell number

083 8835205

Current Fax Number

041 4512354

Current Email Address

tasnim.almahi@conti.co.za

Shareholding

0.0000

 

Adverse Information for: ZOLA LAWRENCE YEYE

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: ZOLA LAWRENCE YEYE

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

JUMBOS CRICKET (PTY) LTD

2003/005730/07

In Business

9 Years 2 Months

0

No

CONTINENTAL TYRES SOUTH AFRICA (PTY) LTD

M1998/005020/07

In Business

14 Years 2 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 Interests for: ZOLA LAWRENCE YEYE

 

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 6 of 6: HANS JOACHIM PETER NIKOLIN

Surname

NIKOLIN

First Name

HANS

Other Names

JOACHIM PETER

Marital Status

Unavailable

ID Number

5605290000000

Verified ID Number

No

Current Age

56

Designation

Director

Status

Active

Appointment Date

2000-06-15

Physical Address (at time of Appointment)

AM Kummerberg 23 A

30900

WEDEMARK

GERMANY

Postal Address

VAHRENWALDER STRASSE 9

HANOVER

30165

GERMANY

Current Tel Number

041 4065111

Cell number

083 8835205

Current Fax Number

041 4512354

Current Email Address

tasnim.almahi@conti.co.za

Shareholding

0.0000

 

Adverse Information for: HANS JOACHIM PETER NIKOLIN

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: HANS JOACHIM PETER NIKOLIN

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

CONTINENTAL TYRE SOUTH AFRICA (PTY) LTD

M1998/005020/07

In Business

14 Years 2 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 Interests for: HANS JOACHIM PETER NIKOLIN

 

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.53.72

UK Pound

1

Rs.86.98

Euro

1

Rs.70.64

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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%)

 

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.