|
Report Date : |
06.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
AGRICO (PTY)LTD |
|
|
|
|
|
|
Registered Office : |
La
Belle Weg, Stikland,
Bellville, 7530 |
|
|
|
|
|
|
Country : |
|
|
|
|
|
|
|
Date of Incorporation : |
13.12.1957 |
|
|
|
|
|
|
Com. Reg. No.: |
M1957/004085/07 |
|
|
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
|
|
Line of Business : |
Manufacture Arrigation |
|
|
|
|
|
|
No. of Employees : |
800 |
|
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 : |
Good |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH AFRICA - ECONOMIC OVERVIEW
south Africa is a
middle-income, emerging market with an abundant supply of natural resources; well-developed
financial, legal, communications, energy, and transport sectors; a stock
exchange that is the 18th largest in the world; and modern infrastructure
supporting a relatively efficient distribution of goods to major urban centers
throughout the region. Growth was robust from 2004 to 2007 as South Africa
reaped the benefits of macroeconomic stability and a global commodities boom
but began to slow in the second half of 2007 due to an electricity crisis and
the subsequent global financial crisis' impact on commodity prices and demand.
GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high
and outdated infrastructure has constrained growth. State power supplier Eskom encountered problems with aging plants and meeting
electricity demand necessitating "load-shedding" cuts in 2007 and
2008 to residents and businesses in the major cities. Daunting economic
problems remain from the apartheid era - especially poverty, lack of economic
empowerment among the disadvantaged groups, and a shortage of public
transportation. South Africa''s economic policy is
fiscally conservative focusing on controlling inflation and attaining a budget
surplus. The current government largely follows these prudent policies but must
contend with the impact of the global crisis and is facing growing pressure
from special interest groups to use state-owned enterprises to deliver basic
services to low-income areas and to increase job growth.
Source : CIA
|
Subject Name |
AGRICO (PTY)LTD |
|
Country |
SOUTH AFRICA |
|
Subject Contact Person |
MARIANA NEL - 021 9504102 |
|
Assessment |
On investigation
we established that this is a large company. The subject is meeting
commitments timeously with suppliers. A bank code
revealed a C for R5 000 000 over 30 days. The
subject is part of a large group and operates all over SA. Please see the
available information for the subject below. |
|
Registered
Name |
AGRICO
(PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
|
|
Date
of Name Change |
Apr
13 2010 12:00AM |
|
Registration
Number |
M1957/004085/07 |
|
Registration
Date |
1957/12/13 |
|
Date
Commenced Trading |
|
|
Age
of Business |
54
Years 10 Months |
|
History
of Business |
On February 4, 1896 Paul Andrag arrived in Cape Town, South Africa, having left
Germany to work for the Moravian Mission near Caledon.
His task was to manage the trading store at Genadendal.
During 1904 he started his own business in Cape Town and subsequently
transferred to Saron, situated between Gouda and
Porterville in the Cape and continued with a trading store. |
|
History
of Principals |
None |
|
Shareholders/Members/Partners
of subject and % holding |
100%
AGRICO MACHINERY |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Manufacture
Arrigation |
|
Industry/
Customers |
JK
AND BASSON, PUBLIC etc. |
|
Export |
None |
|
Export
Countries |
|
|
Import |
None |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
35102 |
|
Definition
of Code |
Steel
pipe and tube mills |
|
Head
Office Physical Address |
LA
BELLE WEG, STIKLAND, BELLVILLE, 7530 |
|
Head
Office Postal Address |
PO
Box 364, BELLVILLE, 7530 |
|
Current
Tel Number |
0219504102 |
|
Cell
Number |
|
|
Current
Fax Number |
0219191184 |
|
Current
Email Address |
ma
ria na. ne l@ag rico.
co. za |
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
PRICE
WATERHOUSECOOPERS INC |
|
Trading
Name |
PWC |
|
Registration
Number |
1998/012055/21 |
|
Physical
Address |
1
Waterhouse Place,Century City,Cape
Town,7441 |
|
Postal
Address |
PO
Box 2799,Cape Town,8000 |
|
Contact
Person |
ANEL |
|
Contact
Number |
0215292000 |
|
Email |
Unavailable |
|
Principals |
246 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
906670 |
|
VAT
Number |
4950174682 |
|
Tax
Number |
9343032844 |
|
BEE
Status |
Level
2 |
|
Financial
Year End |
June |
|
No
of years in Business |
9 |
|
Website |
|
|
Comment |
|
Previous Auditors
|
Company Name |
Phone Number |
Time with
previous auditors |
Comment |
|
SEYMOR REGINALD
GILDENHUYS |
|
14 |
|
|
Vat
Number |
4950108003 |
|
Status |
ACTIVE |
|
Tax
Number |
9020061025 |
|
Financial
Year End |
June |
|
Black
Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Comment |
|
|
ISO Status |
|
|
Type
of ISO Grade |
No |
|
ISO
Certificate |
|
|
ISO
Certificate Available |
|
|
Certified
by an Accredited Agent |
|
|
Comment |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
|
Subsidiary
Company |
No |
|||
|
Shareholding |
|
|||
|
Registration
Number |
|
|||
|
Import
/ Export |
|
|||
|
Comment |
|
|||
|
Employees |
||||
|
Number
of Employees |
800 |
|||
|
1.
Salaried employees |
|
|||
|
2.
Waged employees |
|
|||
|
3.
Permanent employees |
|
|||
|
4.
Casual employees |
|
|||
|
5.
Contracted employees |
|
|||
|
Comment |
800
in total, split amongst salaried, waged and casual |
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No
of vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
300 |
|||
|
Comment |
300 all kinds of trucks and delivery
vehicles |
|||
|
Other |
300 |
Owned |
|
|
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Owned |
|
Rental
Company |
|
|
Owned
by |
AGRICO
AAACHINERY |
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
|
|
Lease
Expire Date |
|
|
Type
of Premises |
|
|
Comment |
OFFICES
AND FACTORY |
|
Branches Names |
Country |
Province |
|
26 BRANCHES |
|
|
|
Branch
Detail Information |
||
|
Comment |
Bellville
• Bethlehem • Bloemfontein • Bothaville • Caledon • Ceres • Cradock • Estcourt
• George • Hartswater • Humansdorp
• Kakamas • Kimberley • Kroonstad
• Lichtenburg • Malmesbury
• Moorreesburg • Nelspruit
• Nigel • Nylstroom • Ottosdal
• Pietermaritzburg • Piketberg
• Rawsonville • Schweizer-Reneke
• Tzaneen • Upington • Ventersdorp • Vredendal |
|
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
DIRECTOR |
ROLAND ANDRAG |
|
|
|
|||
|
2 |
DIRECTOR |
ALFRED ANDRAG |
|
|
|
|||
|
3 |
DIRECTOR |
THEODOR ANDRAG |
|
|
|
|||
|
4 |
DIRECTOR |
WALTER ANDRAG |
|
Company Structure (Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100% AGRICO AAACHINERY (PTY) LTD |
AGRICO (PTY) LTD |
|
|
Key deals signed within the past 12 months.
|
Company |
Value |
Contact |
Comment |
|
None |
|
|
|
|
Trade Reference
nr |
Supplier |
Contact |
Surety Value |
Notarial
Bonds |
Comment |
|
1 |
NETAFIN |
0219870477 |
R0.00 |
None |
|
|
2 |
BARRINGMAN |
0219451850 |
R0.00 |
None |
|
|
3 |
FELCON |
0333304764 |
R0.00 |
None |
|
Trade References
Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
1993 |
R0.00 |
R 2500000 |
30
DAYS |
R 2000000 |
30 DAYS |
CREDIT LIMIT-DEEMED
CONFIDENTIAL-VERY GOOD ACCOUNT |
|
2 |
2005 |
R 30000.00 |
R 40000 |
30
DAYS |
R 40000 |
30 DAYS |
EXCELLENT |
|
3 |
5 YEARS |
R 600000.00 |
R 400000 |
30
DAYS |
R150000 |
30 DAYS |
EXCELLENT |
Adverse Information
on Subject
Judgements -
No information on record
BusinessRescue -
No Information on Record
Default Listing - No information on record
Notarial
Bonds - No information on record
|
Bank |
NEDBANK |
|
Branch |
SOUTHERN
CONSTANTIA |
|
Brach
Code |
Unavailable |
|
Bank
Account Number |
1036012336 |
|
Type
of Account |
CURRENT |
|
Account
Name |
AGRICO
(PTY) LTD |
|
Overdraft
Facilities |
YES |
|
Bank
Code |
C
For R 5 000 000 |
|
Bank
Comment |
The
subject's bankers consider them good for all business normal engagement |
Bank Code History -
No Information on Record
Previous Bank Account
Informat ion - No Information on Record
Deeds Information -
No information on record
Financial Estimates
|
CURRENT
ASSETS |
R0.00 |
|
Comment |
Deemed
Confidential |
|
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 |
5 |
|
Average
Age of Active Principals |
46 |
|
Active
Principals Principal - 1of 5 ROLAND ANDRAG |
|
|
Surname |
ANDRAG |
|
First
Name |
ROLAND |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
7507285205081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
37 |
|
Designation |
INGENIEUR |
|
Status |
Active |
|
Appointment
Date |
2010/03/25 |
|
Physical
Address (at time of Appointment) |
13
BUITEKRING ROAD, STELLENBOSCH, 7530 |
|
Postal
Address |
P
0 BOX 364, BELLVILLE, 7535 |
|
Current
Tel Number |
0186327260 |
|
Cell
number |
0834145418 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information forR OLAND ANDRAG
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AGRICO
AAACHINERY (PTY) LTD |
M1950/036095/07 |
In Business |
62 Years 2 Months |
0 |
No |
|
|
AGRICO
(PTY)LTD |
M1957/004085/07 |
In Business |
55 Years 7 Months |
0 |
No |
|
|
ANDRAG
(PTY)LTD |
M2010/004853/07 |
In Business |
2
Years 2 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
|
Principal
- 2of 5 ALFRED ANDRAG |
|
|
Surname |
ANDRAG |
|
First
Name |
ALFRED |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
7206025009081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
40 |
|
Designation |
SAKEMAN |
|
Status |
Active |
|
Appointment
Date |
2004/08/16 |
|
Physical
Address (at time of Appointment) |
21
CHATELAINE CRESCENT, AURORA, DURBANVILLE, 7550 |
|
Postal
Address |
POSBUS
70, BELLVILLE, 7535 |
|
Current
Tel Number |
0176145239 |
|
Cell
number |
0828241214 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information forA LFRED ANDRAG
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AGRICO AAACHINERY (PTY) LTD |
M1950/036095/07 |
In Business |
62 Years 2 Months |
0 |
No |
|
|
AGRICO
(PTY)LTD |
M1957/004085/07 |
In Business |
55 Years 7 Months |
0 |
No |
|
|
AGRICOL
BEHEREND LTD |
M1991/000478/06 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
ANDRAG
(PTY)LTD |
M2010/004853/07 |
In Business |
2
Years 2 Months |
0 |
No |
|
Principal Previous
Business Interests
Average Age of Previous Business 55 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AGRICOL (PTY)LTD |
M1957/003946/07 |
In Business |
55 Years 7 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
|
Principal
- 3of 5 THEODOR ANDRAG |
|
|
Surname |
ANDRAG |
|
First
Name |
THEODOR |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
4712095107005 |
|
Verified
ID Number |
Yes |
|
Current
Age |
65 |
|
Designation |
SAKEMAN |
|
Status |
Active |
|
Appointment
Date |
2001/11/06 |
|
Physical
Address (at time of Appointment) |
NO
10 ARC EN CIEL, HERMITAGE, STELLENBOSCH, 7600 |
|
Postal
Address |
P
O BOX 364, BELLVILLE, 7535 |
|
Current
Tel Number |
0186322517 |
|
Cell
number |
0825667199 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information forT HEODOR ANDRAG
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
PRESIDENT
PARK CC |
B1994/016691/23 |
In Business |
18
Years 6 Months |
0 |
No |
|
|
AGRICO
AAACHINERY (PTY) LTD |
M1950/036095/07 |
In Business |
62
Years 2 Months |
0 |
No |
|
|
AVEST
(PTY)LTD |
M1951/002321/07 |
In Business |
61
Years 1 Months |
0 |
No |
|
|
FERREIRA
BROERS (PTY) LTD |
M1956/000598/07 |
In Business |
56
Years 8 Months |
0 |
No |
|
|
AGRICO
(PTY)LTD |
M1957/004085/07 |
In Business |
55
Years 7 Months |
0 |
No |
|
|
MEEUKLIP
BOERDERY (PTY) LTD |
M1972/006462/07 |
In Business |
40
Years 4 Months |
0 |
No |
|
|
PROMPTVEST
FIFTEEN (PTY)LTD |
M2000/000373/07 |
In Business |
0 |
0 |
No |
|
Principal Previous
Business Interests
Average Age of Previous Business 32 Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
KUHNRA
(PTY)LTD |
M1963/006401/07 |
Deregistration
Final |
49
Years 1 Months |
0 |
No |
|
|
AMANZI ONDERNEMINGS
(PTY) LTD |
M1966/000312/07 |
Conversion
CO/CC orCC/CO |
46 Years 10
Months |
0 |
No |
|
|
AGRICO
(PTY)LTD |
M1966/009493/07 |
Deregistration
Final |
46 Years 10
Months |
0 |
No |
|
|
ANDRAG
NOORDELIKE PYPFABRIEK (PTY)LTD |
M1969/015687/07 |
Deregistration
Final |
43
Years 7 Months |
0 |
No |
|
|
ANDRAG
MACHINERY (PTY) LTD |
M1973/013938/07 |
Deregistration
Final |
39
Years 3 Months |
0 |
No |
|
|
ISO-FLO
PIPES (PTY) LTD |
M1989/000577/07 |
Deregistration
Final |
23 Years 11
Months |
0 |
No |
|
|
BAER INVESTMENTS
(PTY) LTD |
M1997/020000/07 |
Conversion
CO/CC orCC/CO |
15
Years 3 Months |
0 |
No |
|
|
FLEXIVEST EIGHT
(PTY) LTD |
M2000/000580/07 |
Deregistration
Final |
|
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 4of 5
WALTER ANDRAG
|
Surname |
ANDRAG |
|
First
Name |
WALTER |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
7012045197082 |
|
Verified
ID Number |
Yes |
|
Current
Age |
42 |
|
Designation |
SAKEMAN |
|
Status |
Active |
|
Appointment
Date |
1998/01/11 |
|
Physical
Address (at time of Appointment) |
11
ODENDAAL STREET, AURORA, DURBANVILLE, 7550 |
|
Postal
Address |
PO
BOX 576, DURBANVILLE, DURBANVILLE, 7551 |
|
Current
Tel Number |
0219504102 |
|
Cell
number |
0832554536 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information forW ALTER ANDRAG
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
AGRI-FLO
PLASTICS CC |
B1987/029046/23 |
Conversion
CO/CC or CC/CO |
25 Years 1 Months |
0 |
No |
|
|
SCARLET SUN 56
(PTY) LTD |
K2011/117930/07 |
In
Business |
1 Years 1 Months |
0 |
No |
|
|
AGRICO
AAACHINERY (PTY) LTD |
M1950/036095/07 |
In
Business |
62 Years 2 Months |
0 |
No |
|
|
AVEST
(PTY)LTD |
M1951/002321/07 |
In
Business |
61 Years 1 Months |
0 |
No |
|
|
AGRICO
(PTY)LTD |
M1957/004085/07 |
In
Business |
55 Years 7 Months |
0 |
No |
|
|
ANDBELL
(PTY)LTD |
M1959/003848/07 |
In
Business |
53 Years 5 Months |
0 |
No |
|
|
AGRICOL
BEHEREND LTD |
M1991/000478/06 |
In
Business |
21 Years 9 Months |
0 |
No |
|
|
ANDRAG
(PTY)LTD |
M2010/004853/07 |
In
Business |
2 Years 2 Months |
0 |
No |
|
Principal Previous
Business Interests
Average Age of Previous Business 39 Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
RIETDAK
BELEGGINGS CC |
B1997/004787/23 |
Deregistration
Final |
15
Years 3 Months |
0 |
No |
|
|
ANDRAG
(PTY)LTD |
M1931/002884/07 |
Deregistration
Final |
81
Years 9 Months |
0 |
No |
|
|
SOETWATER PLAAS
(PTY) LTD |
M1944/017513/07 |
Deregistration
Final |
68
Years 8 Months |
0 |
No |
|
|
AGRICOL
(PTY)LTD |
M1957/003946/07 |
In
Business |
55
Years 7 Months |
0 |
No |
|
|
ANDRAG
BELEGGINGS (PTY) LTD |
M1961/000972/07 |
In
Business |
51
Years 3 Months |
0 |
No |
|
|
WALBEHR
PROMOSIE EN BELEGGINGS (PTY) LTD |
M1969/001990/07 |
Deregistration
Final |
43
Years 7 Months |
0 |
No |
|
|
ANDRAG
NOORDELIKE PYPFABRIEK (PTY)LTD |
M1969/015687/07 |
Deregistration Final |
43
Years 7 Months |
0 |
No |
|
|
IRRIGATION
MOULDINGS (PTY)LTD |
M1986/003073/07 |
Deregistration
Final |
26
Years 2 Months |
0 |
No |
|
|
ISO-FLO
PIPES (PTY) LTD |
M1989/000577/07 |
Deregistration
Final |
23 Years 11
Months |
0 |
No |
|
|
ANDCON
(PTY)LTD |
M1996/014159/07 |
Deregistration
Final |
16
Years 4 Months |
0 |
No |
|
|
WHEATFIELDS |
M1999/022161/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
INVESTMENTS
NO 55 |
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(PTY)
LTD |
|
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Principal's Deeds
Information - No information on record
|
Principal
- 5of 5 HANS DIETER ANDRAG |
|
|
Surname |
ANDRAG |
|
First
Name |
HANS
DIETER |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
4309025087001 |
|
Verified
ID Number |
No |
|
Current
Age |
Unknown |
|
Designation |
SAKEMAN |
|
Status |
Active |
|
Appointment
Date |
|
|
Physical
Address (at time of Appointment) |
SCHENENHAGESINGEL
81, BLOEMFONTEIN, 9301 |
|
Postal
Address |
POSBUS
417, BLOEMFONTEIN, 9300 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information forH ANS DIETER ANDRAG
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AGRICO (PTY)LTD |
M1957/004085/07 |
In Business |
55 Years 7 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.62 |
|
|
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.67.17 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.