MIRA INFORM REPORT

 

 

Report Date :

19.10.2012

 

IDENTIFICATION DETAILS

 

Name :

DICKINSON GROUP (PTY)LTD

 

 

Registered Office :

10 Smuts AvenueVEREENIGINGI930

 

 

Country :

South Africa

 

 

Date of Incorporation :

18.04.1966

 

 

Com. Reg. No.:

M1966/002949/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacturer and supplier to the mining, smelter and mineral processing industries

 

 

No. of Employees :

480

 

 

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 :

Regular

 

 

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

(31.03.2012)

Current Rating

(30.06.2012)

 

 

 

 

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 Unemployment remains high and outdated infrastructure has constrained growth.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


Company name

 

Subject Name

DICKINSON GROUP (PTY)LTD

Country

South Africa

Assessment

This is a well-established and well -connected business. On investigation contact was made with JESSICA LABUSCHAGNE who assisted with the information for the subject. The subject has a Credit Limit Exposure of: R 10 000 000. The financial information was declined as the subject considers this information to be confidential. The subject is meeting its commitments timeously with their suppliers. A bank code C was obtained for an amount of R 2 000 000 over a period of 30 days. Please see the available information for the subject below.

 

 

Company information

 

Registered Name

DICKINSON GROUP (PTY)LTD

Trading as/ Division Name

None

Previous Name

None

Date of Name Change

Dec  1 2004 12:00AM

Registration Number

M1966/002949/07

Registration Date

1966/04/18

Date Commenced Trading

 

Age of Business

46 Years 6 Months

History of Business

Dickinson Group is recognized as Africa's leading smelter and mineral processing furnace contractors, specializing in the execution of turnkey furnace projects, refractory products and installation services. Established in 1910, Dickinson Group has been trading for a century and has more than 80 years of experience in the specialized field of refractories. The company has been involved in the initial construction and shutdown projects of most of the major smelter and processing units in Southern Africa. Dickinson Group has expanded its business internationally and exported products and services to numerous countries around the globe.

History of Principals

 

Shareholders/Members/Partners of subject and % holding

100% DICKSON HOLDINGS TRADING (PTY) LTD

Authorised Share Capital

R1000.00

Issued Share Capital/Members Contribution

R 100.00

Status

In Business

Operations Assessment

Manufacturer and supplier to the mining, smelter and mineral processing industries

Industry/ Customers

ESKOM, ANGLO AMERICAN, CONSOL etc,

Export

Yes

Export Countries

China, Russia

Import

Yes

Import Countries

China, Russia

Major Industry Code / SICC

25319

Definition of Code

Other chemical and fertilizer mineral mining

Head Office Physical Address

10 Smuts AvenueVEREENIGINGI930

Head Office Postal Address

PO Box 63VEREENIGING1930

Current Tel Number

0164213720

Cell Number

 

Current Fax Number

0164221038

Current Email Address

info.dgrp.co.za

Web Site Address

www.dickinsongrp.co.za

Comments

 

 

 

Auditors information

 

Company Registered Name

J C BARNARD  EN VENNOTE INGELYF

Trading Name

None

Registration Number

M1999/022536/21

Physical Address

NO 1 ORWELL PARK, 2 OWELL DRIVE, THREE RIVERS, 1929

Postal Address

P 0 BOX 265397, THREE RIVERS, 1935

Contact Person

ZELDA VENTER

Contact Number

0164236669

Email

zelda@jcdinc.co.za

Principals

8

Judgements Against Subject

None

Judgements Against Principals

None

Subject Verified as Client

Yes

Practice Number

907669A

VAT Number

Unavailable

Tax Number

9129020682

BEE Status

 

Financial Year End

FEBRUARY

No of years in Business

46

Website

 

Comment

 

 

 

Tax information

 

Vat Number

4420104970

Status

ACTIVE

Vat Liable Date

1991/09/30

Tax Number

9210196680

Tax Clearance Expire Date

2013/09/30

Financial Year End

June

Comment

 

Black Economic Empowerment

Status

Yes

Score

4.00

Expire Date

Nov 17 2012

BEE Certificate Available

Yes

Comment

 

ISO Status

Type of ISO Grade

None

ISO Certificate

 

ISO Certificate Available

 

Certified by an Accredited Agent

 

Comment

 

Workman's compensation

Registered

Yes

Compliance Certified

Yes

Comment

 

 

 

Company Structure

 

Subsidiaries Information - No Information on Record

 

Employees

Number of Employees

480

1. Salaried employees

400

2. Waged employees

 

3. Permanent employees

80

4. Casual employees

 

5. Contracted employees

 

Comment

 

Company Fleet

Company Fleet

No of vehicles:

Ownerd/Leased

Value

Outstanding Balance

Fleet Operations

 

 

 

 

The Fleet is made up of

 

Comment

Vehicles are being leased

 

 

Leased

 

 

 

 

Offices

 

Offices

Offices

Head Office Owned/ Rented

Leased

Rental Company

DICKINSON SMART AVENUE PROPERTIES

Owned by

 

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

OFFICES AND WAREHOUSE

Comment

 

Branch Information

Branches Names

Country

Province

RUSTERNBURG

South Africa

 

MOZMBIQUE

Mozambique

 

Branch Detail Information

Branches Owned/ Rented

 

Rental Company

 

Owned by

 

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

 

Comment

 

 

Branches Owned/ Rented

 

Rental Company

 

Owned by

 

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

 

Comment

 

 

 

Management Overview

 

Organisation Chart

 

Level

Position

Name

Comment

 

 

DIRECTOR

CLINTON PRETORIUS

 

 

 

DIRECTOR

MILES SIMPSON

 

 

 

DIRECTOR

NICOLAAS PELSER

 

 

 

DIRECTOR

MARIUS STEYN

 

 

 

DIRECTOR

ANTON BRIEDENHANN

 

 

1

DIRECTOR

TREVOR DICKINSON

 

 

Company Structure (Ownership)

Note: One level up and all levels down

 

Holding

Company

Sub

Comment

100% DICKINSON HOLDINGS TRADING (PTY) LTD

DICKINSON GROUP (PTY) LTD

 

 

 

Key Deals - No Information on Record

 

Trade References

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

Comment

1

YANDISA

0357973554

 

 

 

2

ICT

0169712678

 

 

 

 

Trade References Detail

 

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

APRIL 2012

R0.00

R 4000000

30 DAYS

R 2000000

30 DAYS

OPEN ACCOUNT - NO CREDIT LIMIT-VERY GOOD

2

15 YEARS

R0.00

R 50000

30 DAYS

R 20000

30 DAYS

OPEN ACCOUNT-NO CREDIT LIMIT-VERY GOOD

 

Judgements - No information on record

BusinessRescue - No Information on Record

Default Listing - No information on record

Notarial Bonds - No information on record

 

 

Bank information

 

Bank

STANDARD BANK

Branch

VEREENIGING

Brach Code

 

Bank Account Number

21729379

Type of Account

CURRENT

Account Name

DICKINSON GROUP (PTY) LTD

Overdraft Facilities

 

Bank Code

C For R 2 000 000

Bank Comment

The subject's bankers consider them good for all business normal engagements.

 

Bank Code History - No Information on Record

 

Previous Bank Account Information - No Information on Record

 

Deeds Information - No information on record

 

 

Principals

 

Number of Principals

6

Average Age of Active Principals

45

Active Principals Principal - 1of 6 CLINTON PRETORIUS

Surname

PRETORIUS

First Name

CLINTON

Other Names

 

Marital Status

 

ID Number

7307225370081

Verified ID Number

Yes

Current Age

39

Designation

DIRECTOR

Status

Active

Appointment Date

2011/11/01

Physical Address (at time of Appointment)

3 DORADO PARK, TASSEL BERRY, RICHARDS BAY, 3900

Postal Address

P 0 BOX 2, MATOLA, MATOLA, MOZAMBIQUE, 0000

Current Tel Number

0164213720

Cell number

0798922808

Shareholding/Membership

0.0000

 

Principal Judgements

 

Number of Judgements

1

Principal Debt Review

Debt review

No Information on Record

Other

Default data

No Information on Record

 

Business Information forCLINTON PRETORIUS

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

DICKINSON GROUP (PTY) LTD

M1966/002949/07

In Business

46 Years 10 Months

0

No

 

 



Principal Previous Business Interests

Principal's Deeds Information - No information on record

 

Principal - 2of 6 MILES SIMPSON MILES SIMPSON

Surname

MILES SIMPSON

First Name

MILES SIMPSON

Other Names

 

Marital Status

 

ID Number

6012145047006

Verified ID Number

Yes

Current Age

52

Designation

DIRECTOR

Status

Active

Appointment Date

2011/04/12

Physical Address (at time of Appointment)

25D SUGARBRUSH DRIVE, THREE RIVERS, VEREENIGING, 1929

Postal Address

PO BOX 63, VEREENIGING, 1939

Current Tel Number

0164211390

Cell number

0824075758

Shareholding/Membership

0.0000

 

Principal Judgements

 

Number of Judgements

0

Principal Debt Review

Debt review

No Information on Record

Other

Default data

No Information on Record

 

Business Information forMILES SIMPSON MILES SIMPSON Principal

Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

MOON DUST PROPERTIES 6 (PTY) LTD

2007/029779/07

In Business

5 Years 5 Months

0

No

 

DICKINSON GROUP (PTY) LTD

M1966/002949/07

In Business

46 Years 10 Months

0

No

 

REFRACTORY FIBRE AND ANCHOR SYSTEMS (PTY)LTD

M1981/005387/07

In Business

31 Years 7 Months

0

No

 

 

Principal Judgment

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

UNIT 16A RIVERDRIVE MEWS CC

B1997/020120/23

Deregistration Final

15 Years 3 Months

0

No

 

SIMPSON ENGINEERING SERVICES (PTY)LTD

M1983/009241/07

Deregistration Final

29 Years 5 Months

0

No

 

DICKINSON REFRACTORY SERVICES NATAL (PTY) LTD

M1989/003162/07

In Business

23 Years 11 Months

0

No

 

DICKINSON HOLDINGS (TRADING) (PTY)LTD

M1996/015217/07

In Business

16 Years 4 Months

0

No

 

 

NICOLAAS PELSER

 

Surname

PELSER

First Name

NICOLAAS

Other Names

 

Marital Status

 

ID Number

6907255046088

Verified ID Number

Yes

Current Age

43

Designation

DIRECTOR

Status

Active

Appointment Date

2010/08/01

Physical Address (at time of Appointment)

42 HATTINGH STREET, VAALPARK, 1948

Postal Address

P 0 BOX 62550, VAALPARK, 1948

Current Tel Number

 

Cell number

 

Shareholding/Membership

0.0000

 

 

Number of Judgements

0

Principal Debt Review

Debt review

No Information on Record

Other

Default data

No Information on Record

 

Business Information forNICOLAAS PELSER

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

DICKINSON GROUP (PTY) LTD

M1966/002949/07

In Business

46 Years 10 Months

0

No

 

DICKINSON HOLDINGS (TRADING) (PTY) LTD

M1996/015217/07

In Business

16 Years 4 Months

0

No

 

DICKINSON DMCE (PTY) LTD

M2006/025784/07

In Business

6 Years 6 Months

0

No

 

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NCP ONDERNEMINGS CC

B1999/033969/23

Deregistration Final

13 Years 1 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

STEYN MR M STEYN

Surname

MR M STEYN

First Name

MARIUS STEYN

Other Names

 

Marital Status

 

ID Number

5906085058082

Verified ID Number

Yes

Current Age

53

Designation

DIRECTOR

Status

Active

Appointment Date

2008/01124

Physical Address (at time of Appointment)

9 ELLIOT STREET, VANDERBIJLPARK, 1911

Postal Address

P 0 BOX 63, VEREENIGING, 1930

Current Tel Number

0164213720

Cell number

4213720082

Shareholding/Membership

0.0000

 

 

Number of Judgements

0

Principal Debt Review

Debt review

No Information on Record

Other

Default data

No Information on Record

 


Business Information forMARIUS STEYN MR M STEYN

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

DICKINSON GROUP (PTY) LTD

M1966/002949/07

In Business

46 Years 10 Months

0

No

 

DICKINSON DEMOLITIONS (PTY) LTD

M1994/010573/07

In Business

18 Years 6 Months

0

No

 

DICKINSON HOLDINGS (TRADING) (PTY) LTD

M1996/015217/07

In Business

16 Years 4 Months

0

No

 

DICKINSON DMCE (PTY) LTD

M2006/025784/07

In Business

6 Years 6 Months

0

No

 

MOON DUST PROPERTIES 9 (PTY) LTD

M2008/009307/07

In Business

4 Years 4 Months

0

No

 

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

 

 

 

 

 

 

 

 

Principal's Deeds Information - No information on record

ANTON BRIEDENHAWN

 

Surname

BRIEDENHAWN

First Name

ANTON

Other Names

 

Marital Status

 

ID Number

7501145226080

Verified ID Number

Yes

Current Age

37

Designation

DIRECTOR

Status

Active

Appointment Date

2006/05/18

Physical Address (at time of Appointment)

37 CARMEL PLACE, CUCKOO AVENUE, RUSTENBURG, 0299

Postal Address

POSTNET SUITE 2416, PRIVATE BAG X82245, RUSTENBURG, 0300

Current Tel Number

0164213720

Cell number

0827710831

Shareholding/Membership

0.0000

 

Number of Judgements

0

Principal Debt Review

Debt review

No Information on Record

Other

Default data

No Information on Record

 


Business Information forANTON BRIEDENHAWN

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CLIFFTON LOGISTICAL SERVICES CC

B2011/038831/23

In Business

1 Years 1 Months

0

No

 

CLIFFTON CATERING SERVICES CC

B2011/038835/23

In Business

1 Years 1 Months

0

No

 

CLIFFTON EVENT AND CONFERENCE COORDINATORS CC

B2011/038839/23

In Business

1 Years 1 Months

0

No

 

CLIFFTON AAARKETING SERVICES CC

B2011/038842/23

In Business

1 Years 1 Months

0

No

 

DICKINSON GROUP (PTY) LTD

M1966/002949/07

In Business

46 Years 10 Months

0

No

 

REF-GUN (PTY)LTD

M1971/008092/07

In Business

41 Years 5 Months

0

No

 

DICKINSON HOLDINGS (TRADING) (PTY) LTD

M1996/015217/07

In Business

16 Years 4 Months

0

No

 

DICKINSON DMCE (PTY) LTD

M2006/025784/07

In Business

6 Years 6 Months

0

No

 

BRIGHTLITE PROPERTIES 4 (PTY) LTD

M2007/015859/07

In Business

5 Years 5 Months

0

No

 

TOP HILL PROPERTIES 2 (PTY) LTD

M2008/010606/07

In Business

4 Years 4 Months

0

No

 

 


Principal Previous Business Interests

 

 


Principal's Deeds Information - No information on record

 

Principal - 6of 6 TREVOR DICKINSON

Surname

DICKINSON

First Name

TREVOR

Other Names

 

Marital Status

Married

ID Number

6505095036085

Verified ID Number

Yes

Current Age

47

Designation

DIRECTOR

Status

Active

Appointment Date

1991/08/10

Physical Address (at time of Appointment)

1714 OXFORD ROAD, HENLEY-ON-KLIP, 1962

Postal Address

PO BOX 63, VEREENIGING, 1930

Current Tel Number

0163661328

Cell number

0825675037

Shareholding/Membership

0.0000

 

Principal Judgement

 

Number of Judgements

0

Principal Debt Review

Debt review

No Information on Record

Other

Default data

No Information on Record

 

Business Information forTREVOR DICKINSON

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

DICKINSON-HEATTE Q (PTY)LTD

1988/001658/07

Deregistration Process

0

0

No

 

RDCW CONSULTING (PTY) LTD

M1944/016929/07

Deregistration Process

68 Years 8 Months

0

No

 

DICKINSON GROUP (PTY) LTD

M1966/002949/07

In Business

46 Years 10 Months

0

No

 

REF-GUN (PTY)LTD

M1971/008092/07

In Business

41 Years 5 Months

0

No

 

REFRACTORY FIBRE AND ANCHOR SYSTEMS (PTY)LTD

M1981/005387/07

In Business

31 Years 7 Months

0

No

 

ERF EIGHT SEVEN TWO SMUTS AVENUE (PTY)LTD

M1983/004968/07

In Business

29 Years 5 Months

0

No

 

ERF 807 VEREENIGING (PTY) LTD

M1988/001816/07

In Business

0

0

No

 

DICKINSON PLANT (PTY) LTD

M1988/005146/07

In Business

0

0

No

 

ERF 804 VEREENIGING (PTY) LTD

M1989/000296/07

In Business

23 Years 11 Months

0

No

 

DICKINSON REFRACTORY SERVICES NATAL (PTY) LTD

M1989/003162/07

In Business

23 Years 11 Months

0

No

 

DICKINSON DEMOLITIONS (PTY) LTD

M1994/010573/07

In Business

18 Years 6 Months

0

No

 

ERF 1714 HENLEY ON KLIP (PTY)LTD

M1996/012108/07

In Business

16 Years 4 Months

0

No

 

DICKINSON HOLDINGS (PROPERTIES) (PTY) LTD

M1996/012647/07

Deregistration Process

16 Years 4 Months

0

No

 


Principal Previous Business Interests

 

 

32 ON MELVILLE (PTY) LTD

M2002/010753/07

Deregistration Final

10 Years 10 Months

0

No

 

ERF 38 LONGMEADOW BUSINESS ESTATE (PTY) LTD

M2002/010842/07

Deregistration Final

10 Years 10 Months

0

No

 

ERF 113 MEADOWDALE (PTY) LTD

M2002/011379/07

Deregistration Final

10 Years 10 Months

0

No

 

ERF 40 LONGMEADOW (PTY) LTD

M2002/011445/07

In Business

10 Years 10 Months

0

No

 

PORTION 19 OF ERF 13 LONGMEADOW (PTY) LTD

M2002/017849/07

In Business

10 Years 10 Months

0

No

 

112 LINBRO PARK (PTY) LTD

M2002/017867/07

Deregistration Final

10 Years 10 Months

0

No

 

DICKINSON PROJECTS CAPE (PTY)LTD

M2002/029118/07

In Business

10 Years 10 Months

0

No

 

ERF 3 LONGMEADOW (PTY) LTD

M2003/007145/07

Deregistration Final

9 Years 9 Months

0

No

 

ERF 4 LONGMEADOW (PTY) LTD

M2003/007253/07

Deregistration Final

9 Years 9 Months

0

No

 

RICHACRES INVESTMENTS FOUR (PTY) LTD

M2003/007741/07

Deregistration Final

9 Years 9 Months

0

No

 

LINEPROP 10 (PTY) LTD

M2004/006300/07

In Business

8 Years 8 Months

0

No

 

ERF 166618 AIRPORT CITY (PTY)LTD

M2004/006760/07

Deregistration Final

8 Years 8 Months

0

No

 

GREGORIAN TRADING 92 (PTY)LTD

M2004/031299/07

Voluntary Liquidation

8 Years 8 Months

0

Yes

 

ERF 166610 AND ERF 166611 AIRPORT CITY (PTY) LTD

M2004/032212/07

Conversion CO/CC orCC/CO

8 Years 8 Months

0

No

 

DMCE HOLDINGS (PTY) LTD

M2004/032344/07

Deregistration Final

8 Years 8 Months

0

No

 

TRENEV PROPERTIES (PTY) LTD

M2004/034229/07

In Business

8 Years 8 Months

0

No

 

DICKINSON SIZANANI (PTY) LTD

M2005/002519/07

Deregistration Final

7 Years 7 Months

0

No

 

PALLADIUS PROPERTIES 7 (PTY) LTD

M2005/006879/07

In Business

7 Years 7 Months

0

No

 

CORPORATE PARK SOUTH PHASE 1 (PTY) LTD

M2005/007117/07

In Business

7 Years 7 Months

0

No

 

ERF 12 LONGMEADOW (PTY) LTD

M2005/011064/07

Deregistration Final

7 Years 7 Months

0

No

 

DICKINSON SIZANANI PROPERTIES (PTY)LTD

M2005/023875/07

Deregistration Final

7 Years 7 Months

0

No

 

 

Principal's Deeds Information - No information on record


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.52.97

UK Pound

1

Rs.85.45

Euro

1

Rs.69.45

 

 

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.