|
Report Date : |
07.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
GULF
DRUG COMPANY (PTY)LTD |
|
|
|
|
Registered Office : |
22
Burnside Drive, Old Mill Industrial Park, Mount Edgecombe, 4300 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
06.06.1984 |
|
|
|
|
Com. Reg. No.: |
M1984/005793/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture
of pharmaceuticals, medicinal chemical & botanical products |
|
|
|
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 and a stock exchange that is the 15th largest in the world. Even though the country possesses modern infrastructure that support a relatively efficient distribution of goods to major urban centers throughout the region, some components retard growth. The economy began to slow in the second half of 2007 due to an electricity crisis. 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. Subsequently, the global financial crisis reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has recovered since then. Unemployment, poverty, and inequality remain a challenge, with official unemployment at nearly 25% of the work force. State power supplier Eskom has built two new power stations and installed new power demand management programs to improve power grid reliability. South Africa's economic policy has focused on controlling inflation, however, the country has had significant budget deficits that restrict its ability to deal with pressing economic problems. The current government faces 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 |
GULF
DRUG COMPANY (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
CARLOS
COSTA-FINANCIAL MANAGER |
|
Assessment |
This
is an established business. On investigation contact was made with MR. CARLOS
COSTA who requested that we send him a questionnaire for completion. We
followed up on the questionnaire on numerous occasions, MR. COSTA then
requested more time to complete the questionnaire. Please see the available
information on the subject below. |
|
Registered
Name |
GULF
DRUG COMPANY (PTY)LTD |
|
Trading
as/ Division Name |
GULF
DRUG COMPANY |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
M1984/005793/07 |
|
Registration
Date |
1984/06/06 |
|
Date
Commenced Trading |
1984-06-06 |
|
Age
of Business |
29
Years 2 Months |
|
History
of Business |
GULF
DRUG COMPANY (PTY)LTD commenced trading as a new business in 1984. |
|
History
of Principals |
There
are currently 4 active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R
0.00 |
|
Issued
Share Capital/Members Contribution |
R
0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject operates as a healthcare company specializing in pharmaceuticals. |
|
Industry/
Customers |
Hospitals
and pharmacies |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
33530 |
|
Definition
of Code |
Manufacture
of pharmaceuticals, medicinal chemical & botanical products |
|
Head
Office Physical Address |
22
BURNSIDE DRIVE, OLD MILL INDUSTRIAL PARK, MOUNT EDGECOMBE, 4300 |
|
Head
Office Postal Address |
P
O BOX 1523, DURBAN, 4000 |
|
Current
Tel Number |
0315388700 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0315022379 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
ERNST
AND YOUNG |
|
Trading
Name |
ERNST
AND YOUNG |
|
Registration
Number |
2005/002308/21 |
|
Physical
Address |
Ernst
& Young House, 35 lower Long Street, Cape Town, 8001 |
|
Postal
Address |
P
O BOX 656, CAPE TOWN, 8000 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
0214430200 |
|
Email |
Unavailable |
|
Principals |
25 |
|
Judgements
Against Subject |
None
On Record |
|
Judgements
Against Principals |
None
On Record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
958832 |
|
VAT
Number |
4280230949 |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
June |
|
No
of years in Business |
22
Years 9 Months |
|
Website |
|
|
Comment |
|
Previous
Auditors Information - No Information on Record
Tax
Information
|
Vat
Number |
4170103354 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9025016719 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
December |
|
Comment |
|
Black
Economic Empowerment Information - No Information on Record
ISO
Information - No Information on Record
Work
Mans Information - No Information on Record
Company
Structure
Subsidiaries
Information - No Information on Record
Employees
Information - No Information on Record
Company
Fleet Information - No Information on Record
Offices
Information - No Information on Record
Branch
Information - No Information on Record
Management
Overview
Organisational
Chart – No information on Record
Company
Structure Information - No Information on Record
Note:
One level up and all levels down
Key
Deals - No Information on Record
Trade
References Information - No Information on Record
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
Information - No Information on Record
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 |
4 |
|
Average
Age of Active Principals |
56 |
|
Active
Principals Principal - 1of 4 LOUIS MAINGARD |
|
|
Surname |
MAINGARD |
|
First
Name |
LOUIS |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
6804235131082 |
|
Verified
ID Number |
Yes |
|
Current
Age |
45
Years |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2000/09/01 |
|
Physical
Address (at time of Appointment) |
27
AYR ROAD, REDHILL, DURBAN, 4001 |
|
Postal
Address |
PO
BOX 1454, DURBAN, 4000 |
|
Current
Tel Number |
0315388700 |
|
Cell
number |
0824176499 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information forLOUIS MAINGARD Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ARGOS LIFESCIENCE (PTY)LTD |
M1987/002723/07 |
In
Business |
26
Years 2 Months |
0 |
No |
|
|
BOIPAC LAMINATORS (PTY)LTD |
M2004/025289/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
FARM-AG
INTERNATIONAL TRADING (PTY)LTD |
M1964/009084/07 |
In
Business |
49
Years 1 Months |
0 |
No |
|
|
FARMERS
INSURANCE BROKERS (PTY)LTD |
M1971/007476/07 |
In
Business |
42
Years 6 Months |
0 |
No |
|
|
GULF
DRUG COMPANY (PTY)LTD |
M1984/005793/07 |
In
Business |
29
Years 5 Months |
0 |
No |
|
|
LP
CREATIVE PRODUCTS CC |
B1996/015569/23 |
In
Business |
17
Years 5 Months |
0 |
No |
|
|
MAIN-PAK
(PTY)LTD |
M1968/004781/07 |
In
Business |
45
Years 9 Months |
0 |
No |
|
|
MAUMAR
(PTY)LTD |
M1983/005424/07 |
In
Business |
30
Years 6 Months |
0 |
No |
|
|
RED
TIGER 19 INVESTMENTS CC |
B2009/185904/23 |
In
Business |
4
Years 4 Months |
0 |
No |
|
|
SIGN
AND SEAL TRADING 282 (PTY)LTD |
M2010/015850/07 |
In
Business |
3
Years 3 Months |
0 |
No |
|
|
SPUNBOND HOLDINGS (PTY)LTD |
M1999/026310/07 |
In
Business |
14
Years 2 Months |
0 |
No |
|
|
STRAND
GROUP DEVELOPMENTS (PTY)LTD |
M2003/026204/07 |
In
Business |
10
Years 10 Months |
0 |
No |
|
|
STRAND
GROUP HOLDINGS LTD |
M1978/002272/06 |
In
Business |
35
Years 11 Months |
0 |
No |
|
|
TRIDENT PHARMACEUTICALS
(PTY)LTD |
M1997/006926/07 |
In
Business |
16
Years 4 Months |
0 |
No |
|
Principal
Previous Business Interests
Average
Age of Previous Business I 17 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
CALLIETHA INVESTMENTS (PTY)LTD |
1999/017961/07 |
In
Business |
14
Years 2 Months |
0 |
No |
|
|
COTTAGE
KITCHEN CC |
B1986/008647/23 |
Deregistration
Final |
27
Years 3 Months |
0 |
No |
|
|
FRANSCHHOEK
DISTRIBUTORS CC |
B1996/053002/23 |
Deregistration
Final |
17
Years 5 Months |
0 |
No |
|
|
VOLCANO AGROSCIENCE (PTY)LTD |
M2000/004551/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 2of 4
UMAR
MAHOMED
|
Surname |
MAHOMED |
|
First
Name |
UMAR |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
7003295121088 |
|
Verified
ID Number |
Yes |
|
Current
Age |
43
Years 5 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1999/11/16 |
|
Physical
Address (at time of Appointment) |
48
RIPPON CRESCENT, SHERWOOD, Kwa-Zulu Natal, 4091 |
|
Postal
Address |
P.O.BOX
1523, DURBAN, Kwa-Zulu Natal, 4000 |
|
Current
Tel Number |
0315388700 |
|
Cell
number |
0829036875 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information forUMAR MAHOMED Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
GULF
DRUG COMPANY (PTY)LTD |
M1984/005793/07 |
In
Business |
29
Years 5 Months |
0 |
No |
|
|
KEERATH
CENTRE PHARMACY |
7003295121088 |
|
Unknown |
0 |
No |
|
|
TRIDENT PHARMACEUTICALS
(PTY)LTD |
M1997/006926/07 |
In
Business |
16
Years 4 Months |
0 |
No |
|
Principal
Previous Business Interests
Average
Age of Previous Business 14 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
S
E GOURMET MEATS AND DELI CC |
B1999/047063/23 |
In
Business |
14
Years 2 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 3of 4
RUGGERO
CARLONI
|
Surname |
CARLONI |
|
First
Name |
RUGGERO |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
5309185645181 |
|
Verified
ID Number |
Yes |
|
Current
Age |
59
Years 11 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1999/05/14 |
|
Physical
Address (at time of Appointment) |
|
|
Postal
Address |
43
MARINE DRIVE, UMHLANGA ROCKS, DURBAN, 4320 |
|
Current
Tel Number |
0315388700 |
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information forRUGGERO CARLONI Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
GULF
DRUG COMPANY (PTY)LTD |
M1984/005793/07 |
In
Business |
29
Years 5 Months |
0 |
No |
|
|
TRIDENT PHARMACEUTICALS
(PTY)LTD |
M1997/006926/07 |
In
Business |
16
Years 4 Months |
0 |
No |
|
Principal
Previous Business Interests
Average
Age of Previous Business 16 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
MEDICINE
MAN DISTRIBUTORS CC |
B1992/025599/23 |
Deregistration
Final |
21
Years 9 Months |
0 |
No |
|
|
MEDICINE
TRADERS CC |
B1999/033870/23 |
Deregistration
Final |
14
Years 2 Months |
0 |
No |
|
|
WIRELESS
LAN INVESTMENTS (PTY)LTD |
M1999/009566/07 |
In
Business |
14
Years 2 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 4of 4
LOUIS
MAINGARD
|
Surname |
MAINGARD |
|
First
Name |
LOUIS |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
3608315038007 |
|
Verified
ID Number |
No |
|
Current
Age |
77
Years |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1998/08/10 |
|
Physical
Address (at time of Appointment) |
27
AYR ROAD, DURBAN MORTH, 4051 |
|
Postal
Address |
P
O BOX 701105, OVERPORT, 4067 |
|
Current
Tel Number |
0218762069 |
|
Cell
number |
0825551094 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information forLOUIS MAINGARD Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ARGOS LIFESCIENCE (PTY)LTD |
M1987/002723/07 |
In
Business |
26
Years 2 Months |
0 |
No |
|
|
BACARAC
TRADING 13 (PTY)LTD |
M2005/001532/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
BOIPAC LAMINATORS (PTY)LTD |
M2004/025289/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
BP
GARAGE FRANSCHHOEK (PTY)LTD |
M2005/030899/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
CASADOBE
PROPS 10 (PTY)LTD |
M2002/028736/07 |
In
Business |
11
Years 11 Months |
0 |
No |
|
|
CHANGING
TIDES 323 (PTY)LTD |
M2004/023937/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
CHASTE
ANTIQUES CC |
B1992/027551/23 |
Conversion
CO/CC or CC/CO |
21
Years 9 Months |
0 |
No |
|
|
CREAM
MAGENTA 100 (PTY)LTD |
M2004/023510/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
EXTRA
DIMENSIONS 170 (PTY)LTD |
M2003/025932/07 |
In
Business |
10
Years 10 Months |
0 |
No |
|
|
FARM-AG INTERNATIONAL (PTY)LTD |
M2005/011761/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
FULL
SAIL 75 (PTY)LTD |
M2004/025219/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
GALBORN
(PTY)LTD |
M1996/005948/07 |
In
Business |
17
Years 5 Months |
0 |
No |
|
|
GREEN
WILLOWS PROPERTIES 181 (PTY)LTD |
M2005/038688/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
MARBLE
GOLD 83 (PTY)LTD |
M2004/014624/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
MINX
TRADE 42 (PTY)LTD |
2004/023371/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
NORMANDY
NATURAL SPRING WATER CC |
B1996/042670/23 |
In
Business |
17
Years 5 Months |
0 |
No |
|
|
PROUD
HERITAGE PROPERTIES 60 (PTY)LTD |
M2004/011248/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
SHELL
CASE 193 (PTY)LTD |
M2004/031347/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
SOUTHERN
SPIRIT PROPERTIES 166 (PTY)LTD |
M2005/033628/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
SPUNBOND HOLDINGS (PTY)LTD |
M1999/026310/07 |
In
Business |
14
Years 2 Months |
0 |
No |
|
|
SPUNCO
CC |
B1995/054732/23 |
In
Business |
18
Years 6 Months |
0 |
No |
|
|
STRAND
GROUP DEVELOPMENTS (PTY)LTD |
M2003/026204/07 |
In
Business |
10
Years 10 Months |
0 |
No |
|
|
TRADEQUICK
109 (PTY)LTD |
M1998/014412/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
WIDEPROPS
47 (PTY)LTD |
M1998/004196/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
WIDEPROPS
49 (PTY)LTD |
M1998/004300/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
Principal
Previous Business Interests
Average
Age of Previous Business 18 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ALPINE
HEATH SUPERVISION (PTY)LTD |
M1996/011936/07 |
In
Business |
17
Years 5 Months |
0 |
No |
|
|
ANCHORPROPS
39 (PTY)LTD |
M2000/000879/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
AUTUMN
STORM INVESTMENTS 229 (PTY)LTD |
M2005/002393/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
BEAUTIFUL
CONNECTIONS 45 (PTY)LTD |
M1999/019135/07 |
Deregistration
Final |
14
Years 2 Months |
0 |
No |
|
|
BERCO
CLEANING SERVICES (PTY)LTD |
M1990/002202/07 |
Deregistration
Final |
23
Years 11 Months |
0 |
No |
|
|
CALLIETHA INVESTMENTS (PTY)LTD |
1999/017961/07 |
In
Business |
14
Years 2 Months |
0 |
No |
|
|
COASTAL
FARMERS'' AGROSCIENCE (PTY)LTD |
M1999/017876/07 |
Deregistration
Final |
14
Years 2 Months |
0 |
No |
|
|
COTTAGE
KITCHEN CC |
B1986/008647/23 |
Deregistration
Final |
27
Years 3 Months |
0 |
No |
|
|
DIEU
DONNE WINERY CC |
B1996/047750/23 |
Deregistration
Final |
17
Years 5 Months |
0 |
No |
|
|
FRANSCHHOEK
DISTRIBUTORS CC |
B1996/053002/23 |
Deregistration
Final |
17
Years 5 Months |
0 |
No |
|
|
GREENWAY
WOODS MANAGEMENT (PTY)LTD |
M1996/011964/07 |
In
Business |
17
Years 5 Months |
0 |
No |
|
|
GULF
CHEMICALS (PTY)LTD |
M1988/004638/07 |
Deregistration
Final |
25
Years 1 Months |
0 |
No |
|
|
IZOTSHA
PROPERTY HOLDINGS CC |
B1988/035454/23 |
In
Business |
25
Years 1 Months |
0 |
No |
|
|
PHARMAKON
MANUFACTURING LABORATORIES CC |
B1986/022898/23 |
Conversion
CO/CC or CC/CO |
27
Years 3 Months |
0 |
No |
|
|
POPPY
ICE TRADING 36 (PTY)LTD |
M1944/017392/07 |
Deregistration
Final |
69
Years 9 Months |
0 |
No |
|
|
SPUNCHEM
(PTY)LTD |
M1998/009605/07 |
Deregistration
Final |
15
Years 3 Months |
0 |
No |
|
|
STRAND INTERNATIONAL
TRADING (PTY)LTD |
M1987/006193/07 |
Deregistration
Process |
26
Years 2 Months |
0 |
No |
|
|
THE
COMPLETE LEISURE INVESTMENT CORPORATION (PTY)LTD |
M1998/019557/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
THE
HILTON GREEN (PTY)LTD |
M2004/020441/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
VOLCANO AGROSCIENCE (PTY)LTD |
M2000/004551/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
VOLCANO
CHEMICALS (PTY)LTD |
M2000/012658/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
VOLCANO FORMULATION (PTY)LTD |
M1999/019134/07 |
Deregistration
Final |
14
Years 2 Months |
0 |
No |
|
|
VOLCANO GRANULATION (PTY)LTD |
M2000/011533/07 |
Deregistration
Final |
13
Years 1 Months |
0 |
No |
|
|
WAVERTON
TRADING (PTY)LTD |
M1989/003953/07 |
Deregistration
Final |
|
0 |
No |
|
|
WIDEPROPS
48 (PTY)LTD |
M1998/004299/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.53 |
|
|
1 |
Rs.94.37 |
|
Euro |
1 |
Rs.81.58 |
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.