|
Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
TILETORIA |
|
|
|
|
Formerly Known As : |
|
|
|
|
|
Registered Office : |
43
PaardenEiland Road, PaardenEiland, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
25.01.2007 |
|
|
|
|
Com. Reg. No.: |
2007/0021174/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale
trade in construction
materials, hardware, plumbing and heating equipment and supplies |
|
|
|
|
No. of Employees : |
186 |
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 – 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject Name |
TILETORIA CAPE (PTY)LTD |
|
Country |
SOUTH AFRICA |
|
Enquiry Terms |
D/A |
|
Account Review |
Every 6 Months |
|
Subject Contact person |
Mr REINHARDT NOLAN (021 511 3125) Financial Manager |
|
Assessment |
On Investigation we made contact with the subject and were referred to MR REINHARDT NOLAN the Financial Manager. He assisted us with all the information required however he has stated that he could not assist with the financials because they were unavailable. We have obtained the BEE Certificate for the subject and we have obtained the Bee certificate for the subjects auditors. INVICTA HOLDINGS who actually owns 60% of the shares is actually a division of the holding company HUMULANI INVESTMENTS. The subject is meeting all payments with suppliers. We have received a bank code B for R 4 000 000. Please see available information on the subject below |
|
Registered Name |
TILETORIA CAPE (PTY)LTD |
|
Trading as/ Division Name |
TILETORIA CAPE |
|
Previous Name |
TILETORIA CAPE CC |
|
Date of Name Change |
2007/06 |
|
Registration Number |
2007/0021174/07 |
|
Registration Date |
2007/01/25 |
|
Date Commenced Trading |
2007/01/25 |
|
Age of Business |
5 Years 4 Months |
|
History of Business |
The Business started out as a CC and converted to a (PTY) LTD in 2007/06 |
|
History of Principals |
4 |
|
Shareholders and % holding |
60% - INVICTA HOLDINGS LIMITEDa subsidiary of HUMULANI INVESTMENTS LTD 25% - PATRICK TONISSEN 10% - ALLAN DUCKWORTH 5% - MOHAMMED MUDEEN |
|
Authorised Share Capital |
1000 |
|
Issued Share Capital |
200 |
|
Status |
In Business |
|
Operations Assessment |
Tiletoria is the biggest independent tile distributor in the Western Cape selling around 150 FCL’s per month of local & imported products. That’s roughly ¼ million m2 per month equivalent to tiling approx 50 rugby fields every month |
|
Industry/ Customers |
Tiletoria has essentially 4 divisions that
supplies tiles to |
|
Export |
Yes (in Africa) |
|
Major Industry Code / SICC |
61430 |
|
Definition of Code |
Wholesale
trade in construction materials, hardware, plumbing and heating equipment and
supplies |
|
Head Office Physical Address |
43 PaardenEiland Road PaardenEiland Cape town |
|
Head Office Postal Address |
Po box 5870 PaardenEiland 7420 |
|
Current Tel Number |
021 511 3125 |
|
Cell number |
None |
|
Current Fax Number |
021 511 3119 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
NOLANDS INC |
|
Trading Name |
Nolands |
|
Registration Number |
M2000/004145/21 |
|
Physical Address |
Nolands House River Park River Lane MOWBRAY 7700 |
|
Postal Address |
PO Box 2881 CAPE TOWN 8000 |
|
Contact Person |
FERDINAND CLOETE |
|
Contact Number |
021 658 6600 |
|
Email |
ferdinandc@nolandscpt.co.za |
|
Principals |
1 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
SAICA number |
900583e |
|
VAT Number |
4370187256 |
|
Tax Number |
9084162149 |
|
BEE Status |
Level 4 |
|
Financial Year End |
June |
|
Years With Auditors |
3 |
|
Website |
www.nolands .co.za |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
M RALP &
ASSOCIATES |
Unavailable |
5 |
Tax Information
|
Vat Number |
4790148078 |
|
Status |
Active |
|
Vat Liable Date |
1995/03/01 |
|
Tax Number |
9641013033 |
|
Tax Clearance Expire Date |
January 2013 |
|
Financial Year End |
March |
|
Status |
Yes |
|
Score |
Level 4 |
|
Expire Date |
July 2012 |
|
BEE Certificate Available |
Yes |
|
Type of ISO Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited Agent |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Company
Structure
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
186 |
|
1. Salaried
employees |
134 |
|
2. Waged
employees |
52 |
|
3. Permanent
employees |
186 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
|
|||
|
1. Trucks |
7 |
6 is owned and 1
is leased |
R1000000 Each |
|
|
Offices |
|
Head Office Owned/ Rented |
Rented |
|
Rental Company |
SPRING LIFE |
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
Show room, ware house and offices |
Branches Names |
Country |
Province |
|
TILETORIA |
SOUTH AFRICA |
Johannesburg |
|
TILETORIA |
SOUTH AFRICA |
Durban |
Branches Owned/ Rented |
Rented |
|
Rental Company |
JHI FORTESS (PTY)LTD |
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
Showroom and warehouse |
Organisation chart
|
Level |
Position |
Name |
|
Unavailable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Company Structure (Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
60% |
INVICTA HOLDINGS
LIMITED(HUMULANI INVESTMENTS) |
|
Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
|
None |
|
|
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
MEGA FRIEGHT |
021 413 4300 |
|
|
|
2 |
SERRAMIC INDUSTRIES |
021 559 8800 |
|
|
|
3 |
TILEON |
021 512 2866 |
|
|
|
4 |
DOUGLAS JONES TRADING |
021 7067251 |
|
|
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Still awaiting |
|
|
|
|
|
|
|
2 |
12 Years |
R 15 000
000 |
Unavailable |
30 Days |
R
3 000 000 - R 4 000 000 |
30 Days |
Excellent |
|
3 |
Do |
Not |
give |
out |
Trade References |
|
|
|
4 |
11 Years |
Open |
R 500 000 |
30 Days |
R 100 000 + |
30 Days |
Excellent |
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 |
NEDBANK |
|
Branch |
BUSINESS SOUTHERN PENISULA |
|
Bank Account Number |
1232022241 |
|
Type of Account |
Current |
|
Account Name |
Tiletoria Cape (pty)ltd |
|
Overdraft Facilities |
Yes |
|
Date Opened |
Unavailable |
|
Bank Code |
B |
|
Bank Comment |
The subject’s bankers consider them good for all business engagements |
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 |
|
|
|
|
|
Property Interestsfor 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 |
Unavailable |
|
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 |
4 |
|
Average Age of Active Principals |
55 |
Active Principals
Principal 1 of 4: ARNOLD GOLDSTONE
|
Surname |
GOLDSTONE |
|
First Name |
ARNOLD |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6104275033003 |
|
Verified ID Number |
Yes |
|
Current Age |
51 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2007/06/01 |
|
Physical Address (at time of Appointment) |
4 Upper Hillwood Road Bishopscourt 7808 |
|
Postal Address |
PO Box 32302 CAMPS BAY 8040 |
|
Current Tel Number |
0219294780 |
|
Cell number |
0832290409 |
|
Current Fax Number |
0217947040 |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse Information for :ARNOLD GOLDSTONE
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for:ARNOLD GOLDSTONE
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
FARMMAC SA (PTY)
LTD |
1960/011749/07 |
In Business |
53 Years |
0 |
No |
|
INVICTA HOLDINGS
LTD |
1966/002182/06 |
In Business |
46 Years 2 Months |
0 |
No |
|
AGPROP
CONSULTING CC |
1989/014034/23 |
In Business |
23 Years |
0 |
No |
|
HUMULANI
MARKETING (PTY)LTD |
1998/025570/07 |
In Business |
13 Years 5 Months |
0 |
No |
|
NEW HEIGHTS 392
(PTY)LTD |
2000/023943/07 |
In Business |
11 Years 8 Months |
0 |
No |
Previous
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SHALLCROSS
PROPERTIES (PTY)LTD |
1960/001018/07 |
Deregistration
Final |
52 Years 2
Months |
0 |
No |
|
CSE EQUIPMENTS ORIGINAL
1960 (PTY)LTD |
1960/001734/07 |
Deregistration
Final |
52 Years |
0 |
No |
|
ENGINEPARTS(PTY)LTD |
1961/01128/07 |
Deregistration
Final |
51 Years 2
Months |
0 |
No |
|
MANGOLD TURF
EQUIPMENT COMPANY (PTY)LTD |
1962/003386/07 |
Deregistration
Final |
49 Years 8
Months |
0 |
No |
|
TSUBAKI (SA)
(PTY)LTD |
1976/001987/07 |
Deregistration
Final |
35 Years 11
Months |
0 |
No |
Deeds
Information
Property
Interestsfor :ARNOLD GOLDSTONE
|
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: PATRICK THONISSEN
|
Surname |
THONISSEN |
|
First Name |
PATRICK |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
5606085127107 |
|
Verified ID Number |
Yes |
|
Current Age |
56 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2007/01/25 |
|
Physical Address (at time of Appointment) |
43 PaardenEiland Road PaardenEiland 7405 |
|
Postal Address |
43 PaardenEiland Road PaardenEiland 7405 |
|
Current Tel Number |
0215113135 |
|
Cell number |
0839975594 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse
Information for :PATRICK THONISSEN
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for :PATRICK THONISSEN
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PMMJAB CC |
1999/031128/23 |
Conversion CO/CC OR CC/CO |
12 Years 11
Months |
0 |
No |
|
PMBJAM CC |
1999/031129/23 |
Conversion CO/CC OR CC/CO |
12 Years 11
Months |
0 |
No |
|
BILLMONT N0 42 A
CC |
2000/012413/23 |
Conversion CO/CC OR CC/CO |
12 Years 2
Months |
0 |
No |
|
STALPH 128 CC |
2000/031652/23 |
Conversion CO/CC OR CC/CO |
11 Years 11
Months |
0 |
No |
|
STALP 127 CC |
2000/031657/23 |
Conversion CO/CC OR CC/CO |
11 Years 11
Months |
0 |
NO |
Previous
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
TAMNAT
INVESTMENTS CC |
1997/027311/23 |
Deregistration
Final |
15 Years |
0 |
No |
|
CFT PROPERTY
INVESTMENT CC |
1999/062610/23 |
In Business |
12 Years 6
Months |
0 |
No |
|
BAYSIDE VILLAS
17 (PTY)LTD |
2000/029500/07 |
Deregistration
Final |
11 Years 6
Months |
0 |
No |
|
STALPH 137 CC |
2000//043816/23 |
Deregistration
Final |
11 Years 10
Months |
0 |
No |
|
STALPH 138 CC |
2000/060183/23 |
Deregistration
Final |
11 Years 7
Months |
0 |
No |
Deeds
Information
Property
Interestsfor :PATRICK THONISSEN
|
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: FREDERICK DUCKWORTH
|
Surname |
DUCKWORTH |
|
First Name |
FREDERICK |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
5401305213188 |
|
Verified ID Number |
Yes |
|
Current Age |
58 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2007/01/25 |
|
Physical Address (at time of Appointment) |
43 PaardenEiland Road PaardenEiland 7405 |
|
Postal Address |
43 PaardenEiland Road PaardenEiland 7405 |
|
Current Tel Number |
0215513125 |
|
Cell number |
0832702143 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse Information for :FREDERICK DUCKWORTH
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for :FREDERICK DUCKWORTH
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PMMJAB CC |
1999/031128/23 |
Conversion CO/CC OR CC/CO |
12 Years 11 Months |
0 |
No |
|
PMBJAM CC |
1999/031129/23 |
Conversion CO/CC OR CC/CO |
12 Years 11 Months |
0 |
No |
|
BILLMONT NO 42 A
CC |
2000/012413/23 |
Conversion CO/CC OR CC/CO |
12 Years 2 Months |
0 |
No |
|
STALPH 128 CC |
2000/031652/23 |
Conversion CO/CC OR CC/CO |
11 Years 11 Months |
0 |
No |
|
STALP 127 CC |
2000/031657/23 |
Conversion CO/CC OR CC/CO |
11 Years 11 Months |
0 |
No |
Previous Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ALLFOR SERVICES
CC |
1986/007774/23 |
Deregistration Final |
26 Years 1 Months |
0 |
No |
|
TILETORIA
SPECIFICATIONS CC |
1997/003820/23 |
Deregistration Final |
15 Years 4 Months |
0 |
No |
|
BLUE DOT
PROPERTIES 1241 CC |
1999/025876/23 |
Deregistration Final |
13 Years |
0 |
No |
|
BAYSIDE VILLAS
17 (PTY)LD |
2000/029500/07 |
Deregistration Final |
11 Years 6
Months |
0 |
No |
|
STALPH 137 CC |
2000/043816/23 |
Deregistration Final |
11 Years 10
Months |
0 |
No |
Deeds Information
Property Interestsfor :FREDERICK DUCKWORTH
|
Title Deed No. |
T48383/2001 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
26 Balers Sunset
Beach Milerton |
|
Property Type |
Freehold/Ervin |
Extent / Size |
1231.0SQM |
|
Purchase Date |
2001/03/28 |
Purchase price |
R 240 000 |
|
% Ownership |
|
Bond Holder |
Saambou Bank LTD |
|
Bond Number |
B330052001 |
Bond Amount |
R 400 000 |
|
Title Deed No. |
ST7852/2008 |
Erf/Site No. |
18752 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
44 IONA
TIJGERHOF MILNERTON |
|
Property Type |
Sectional Title/Unit |
Extent / Size |
70.0SQM |
|
Purchase Date |
2007/12/04 |
Purchase price |
R 450 000 |
|
% Ownership |
|
Bond Holder |
STANDARD BANK |
|
Bond Number |
SB46042008 |
Bond Amount |
R 450 000 |
|
Title Deed No. |
ST11027/2011 |
Erf/Site No. |
4847,0 |
|
Deeds Office |
Cape Town |
Physical Address |
Melkbossstrand |
|
Property Type |
Sectional Title/Unit |
Extent / Size |
53.0SQM |
|
Purchase Date |
2010/07/08 |
Purchase price |
R 399 900 |
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
K2972009S |
Bond Amount |
|
Principal 4 of 4: MOHAMMUD MOHIUDEEN
|
Surname |
MOHIUDEEN |
|
First Name |
MOHAMMUD |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
5609025181051 |
|
Verified ID Number |
Yes |
|
Current Age |
56 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2007/01/25 |
|
Physical Address (at time of Appointment) |
49 9Th Avenue Lotus River Grassypark CAPE TOWN 8001 |
|
Postal Address |
PO Box 580 PaardenEiland Cape Town 8001 |
|
Current Tel Number |
0216130000 |
|
Cell number |
0828546292 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse Information for :MOHAMMUD MOHIUDEEN
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for :MOHAMMUD MOHIUDEEN
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PMMJAB CC |
1999/031128/23 |
Conversion CO/CC OR CC/CO |
12 Years 11 Months |
0 |
No |
|
PMBJAM CC |
1999/031129/23 |
Conversion CO/CC OR CC/CO |
12 Years 11 Months |
0 |
No |
|
BILLMONT NO 42 A CC |
2000/012413/23 |
Conversion CO/CC OR CC/CO |
12 Years 2 Months |
0 |
No |
|
STALPH 128 CC |
2000/031652/23 |
Conversion CO/CC OR CC/CO |
11 Years 11 Months |
0 |
No |
|
STALPH 127 CC |
2000/031657/23 |
Conversion CO/CC OR CC/CO |
11 Years 11 Months |
0 |
No |
Previous Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BAYSIDE VILLAS
17 (PTY)LTD |
2000/029500/07 |
Deregistration Final |
11 Years 6
Months |
0 |
No |
|
STALPH 137 CC |
2000/043816/23 |
Deregistration
Final |
11 Years 10
Months |
0 |
No |
|
STALPH 138 CC |
2000/060183/23 |
Deregistration
Final |
11 Years 7 Months |
0 |
No |
|
EDGE TO EDGE 160
(PTY) LTD |
2001/009454/07 |
Deregistration
Final |
11 Years 1 Months |
0 |
No |
|
16B WESTBEACH
TERRACES (PTY(LTD) |
2001/012408/07 |
Deregistration
Final |
10 Years 11
Months |
0 |
No |
Deeds Information
Property Interestsfor :MOHAMMUD MOHIUDEEN
|
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.54.88 |
|
UK Pound |
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
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.