|
Report Date : |
06.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
PRIMA TOY AND LEISURE TRADING (PTY)LTD |
|
|
|
|
Registered Office : |
36 Gunners Circle, Epping Industria One, 7460 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
10.09.1997 |
|
|
|
|
Com. Reg. No.: |
M1997/015132/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturer of games and toys |
|
|
|
|
No. of Employees : |
225 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
TATUS |
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 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
PRIMA TOY AND LEISURE TRADING (PTY)LTD |
|
Country |
SOUTH AFRICA |
|
Enquiry Terms |
30 Days |
|
Account Review |
Recommended Every 6 Months |
|
Subject Contact Person |
GEHARD VAN DE MERWE-Accountant |
|
Assessment |
This is an established business. On investigation we made contact with GEHARD VAN DE MERWE the accountant who assisted with all of the required information. We were un-able to obtain any trade references due to the subject only having international suppliers. Please see the available information on the subject below. |
|
Registered Name |
PRIMA TOY AND LEISURE TRADING (PTY)LTD |
|
Trading as/ Division Name |
PRIMA TOY AND LEISURE TRADING |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M1997/015132/07 |
|
Registration Date |
1997/09/10 |
|
Date Commenced Trading |
1997-09-10 |
|
Age of Business |
16 Years 3 Months |
|
History of Business |
The subject was established in 1997 |
|
History of Principals |
There is currently 4 active directors |
|
Shareholders/Members/Partners of subject and % holding |
100%-SEARDEL INVESTMENT CORPORATION LTD |
|
Authorised Share Capital |
R 0.00 |
|
Issued Share Capital/Members Contribution |
R 0.00 |
|
Status |
In Business |
|
Operations Assessment |
The subjects main operation is to manufacture toys |
|
Industry/ Customers |
All major retailers |
|
Export |
Yes |
|
Import |
Yes |
|
Major Industry Code / SICC |
39240 |
|
Definition of Code |
Manufacture of games and toys |
|
Head Office Physical Address |
36 GUNNERS CIRCLE, EPPING INDUSTRIA ONE, 7460 |
|
Head Office Postal Address |
P O BOX 30, EPPINDUST, 7475 |
|
Current Tel Number |
0218182000 |
|
Cell Number |
None |
|
Current Fax Number |
021 818 2077 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
KPMG INC |
|
Trading Name |
None |
|
Registration Number |
1999/021543/21 |
|
Physical Address |
KPMG House, NORVIC DRIVE, GREENACRES, PORT ELIZABETH, 6045 |
|
Postal Address |
P O BOX 1662, PORT ELIZABETH, 6000 |
|
Contact Person |
Tessa Ackerman |
|
Contact Number |
0214087100 |
|
Email |
|
|
Judgements Against Subject |
No found on file |
|
Judgements Against Principals |
No found on file |
|
Subject Verified as Client |
Yes |
|
Practice Number |
900117E |
|
VAT Number |
4530188665 |
|
Tax Number |
9559555843 |
|
BEE Status |
Level 2 |
|
Financial Year End |
June |
|
No of years in Business |
Unavailable |
|
Website |
Previous Auditors Information - No Information on Record
|
Vat Number |
4140168818 |
|
Status |
ACTIVE |
|
Tax Number |
9401036034 |
|
Tax Clearance Expire Date |
2014/09/13 |
|
Financial Year End |
March |
|
Status |
Yes |
|
Score |
3.00 |
|
Expire Date |
Jul 16 2014 |
|
BEE Certificate Available |
No |
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries Information - No Information on Record
Employees
|
Number of Employees |
225 |
|||
|
1. Salaried employees |
180 |
|||
|
2. Waged employees |
46 |
|||
|
3. Permanent employees |
180 |
|||
|
4. Casual employees |
46 |
|||
|
Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
23 |
|||
|
Comment |
|
|||
|
Cars |
20 |
Owned |
|
|
|
Light delivery Vehicles |
1 |
Owned |
|
|
|
Fork Lifts |
2 |
Owned |
|
|
Offices
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Leased |
|
Rental Company |
SEARDEL INVESTMENT CORPORATION LTD |
|
Type of Premises |
Offices and warehouse |
Branch Information - No Information on Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
STUART ALEXANDER QUEEN |
|
|
|
|||
|
1 |
Director |
WANDA NRPSOMO |
|
|
|
|||
|
1 |
Director |
FARREL URI NUSSBAUM |
|
|
|
|||
|
1 |
Director |
IAN NOEL MORRIS |
|
Company Structure Information - No Information on Record
Note:
One level up and all levels down
Key Deals - No Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
MICROSOFT |
0035344077106 |
|
|
|
|
2 |
DISNEY INTERACTIVE STUDIOS |
441788862738 |
|
|
|
|
3 |
HASBRO INTERNATIONAL |
094960748060 |
|
|
|
Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No
information on record
Notarial Bonds - No
information on record
|
Bank |
NEDBANK |
|
Branch |
CORPORATE CLIENT SERVICES CAPE TOWN |
|
Brach Code |
198765 |
|
Bank Account Number |
1452066418 |
|
Type of Account |
CURRENT |
|
Account Name |
PRIMA TOY AND LEISURE TRADING PTY LTD |
|
Overdraft Facilities |
YES |
|
Bank Code |
C for R 500000 |
|
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
Financial
Estimates
|
CURRENT ASSETS |
|
|
Stock |
R120000000.00 |
|
Debtors |
R 95000000.00 |
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
R 3000000.00 |
|
Property |
|
|
CURRENT LIABILITIES |
|
|
Creditors |
R 55000000.00 |
|
Loans/ From? |
R 24000000.00 |
|
Loan Details |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
R 500000000.00 |
|
Estimated Current Year Turnover |
R 626000000.00 |
|
Current Turnover per month |
R 52000000.00 |
|
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 |
|
Number of Principals |
4 |
|
Average Age of Active Principals |
49 |
Active Principals
Principal - 1 of 4 IAN MORRIS
|
Surname |
MORRIS |
|
First Name |
IAN |
|
Other Names |
NONE |
|
Marital Status |
|
|
ID Number |
5305045006002 |
|
Verified ID Number |
Yes |
|
Current Age |
60 Years 7 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
1997/10/15 |
|
Physical Address (at time of Appointment) |
19 HOVE RD, CAMPS BAY, 8001 |
|
Postal Address |
19 HOVE ROAD, CAMPS BAY, 8005 |
|
Current Tel Number |
0218182001 |
|
Cell number |
0834888863 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business
Information for IAN MORRIS
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
INDUSTRIES EDUCATION AND TRAINING INSTITUTE (PTY)LTD |
M2002/018469/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
PRIMA TOY AND LEISURE GROUP (PTY)LTD |
M1997/015103/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
PRIMA TOY AND LEISURE TRADING (PTY)LTD |
M1997/015132/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 12 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
INDUSTRIES LEARNERSHIP CONSULTANTS (PTY)LTD |
M2004/006939/07 |
Deregistration Final |
9 Years 9 Months |
0 |
No |
|
|
PRIMA TOY AND LEISURE FINANCE (PTY)LTD |
M1998/015112/07 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
|
SOUTHERN AFRICA MASTER DISTRIBUTORS
(PTY)LTD |
M2003/022694/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
STYRENE INVESTMENTS (PTY)LTD |
M2005/028586/07 |
Deregistration Final |
8 Years 8 Months |
0 |
No |
|
|
SUNSURF PROPERTIES (PTY)LTD |
M1995/004785/07 |
Conversion CO/CC or CC/CO |
18 Years 6 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 2 of 4
STUART QUEEN
|
Surname |
QUEEN |
|
First Name |
STUART |
|
Other Names |
NONE |
|
Marital Status |
|
|
ID Number |
7205085306080 |
|
Verified ID Number |
Yes |
|
Current Age |
41 Years 7 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2008/12/03 |
|
Physical Address (at time of Appointment) |
1 MOORSOM AVENUE, EPPING INDUSTRIA 2, WESTERN CAPE, 7460 |
|
Postal Address |
P O BOX 524, EPPINDUST, WESTERN CAPE, 7475 |
|
Current Tel Number |
0114469216 |
|
Cell number |
0823004352 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for STUART QUEEN
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AVO VENDING CC |
B2003/079624/23 |
Conversion CO/CC or CC/CO |
10 Years 10 Months |
0 |
No |
|
|
BRAND ID IGNITE (PTY)LTD |
K2013/131383/07 |
In Business |
0 |
0 |
No |
|
|
CUSTOM EXTRUSION (PTY)LTD |
M2008/018562/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
EASYWEAR (PTY)LTD |
K2013/149985/07 |
In Business |
0 |
0 |
No |
|
|
FIRST FACTORY STORES (PTY)LTD |
K2013/150100/07 |
In Business |
0 |
0 |
No |
|
|
FRAME KNITTING MANUFACTURERS (PTY)LTD |
K2013/149705/07 |
In Business |
0 |
0 |
No |
|
|
INTEGRATED POLYPROPYLENE PRODUCTS (PTY)LTD |
K2013/193012/07 |
In Business |
0 |
0 |
No |
|
|
K2013045245 (South Africa) (PTY)LTD |
K2013/045245/07 |
In Business |
0 |
0 |
No |
|
|
K2013091290 (South Africa) (PTY)LTD |
K2013/091290/07 |
In Business |
0 |
0 |
No |
|
|
OCEANAIR TRAVEL (PTY)LTD |
M1992/000897/07 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
OCONNORQUEEN (PTY)LTD |
M2004/003366/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
PRIMA TOY AND LEISURE GROUP (PTY)LTD |
M1997/015103/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
PRIMA TOY AND LEISURE TRADING (PTY)LTD |
M1997/015132/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
PURPLE MOSS 1174
CC |
B2004/108770/23 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
ROMATEX HOME TEXTILES (PTY)LTD |
K2013/210632/07 |
In Business |
0 |
0 |
No |
|
|
SEARDEL BRAND ID (PTY)LTD |
M2008/016882/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
SEARDEL GROUP TRADING (PTY)LTD |
M1968/009480/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
SEARDEL INVESTMENT CORPORATION LTD |
M1968/011249/06 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
SEARDEL NUMBER 16 (PTY)LTD |
M1959/004655/07 |
In Business |
54 Years 6 Months |
0 |
No |
|
|
SEARDEL NUMBER 17 (PTY)LTD |
M1964/009211/07 |
In Business |
49 Years 1 Months |
0 |
No |
|
|
SEARTEC INDUSTRIES (PTY)LTD |
M1964/004775/07 |
In Business |
49 Years 1 Months |
0 |
No |
|
|
SEARTEC TRADING (PTY)LTD |
M2005/017638/07 |
In Business |
8 Years 8 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 |
|||
|
ASTON BAY HOLIDAY RESORTS (PTY)LTD |
M1972/013087/07 |
Dissolved |
41 Years 5 Months |
0 |
No |
|
|||
|
BUSINESS SYSTEMS GROUP (AFRICA) (PTY)LTD |
M1996/012533/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|||
|
DURBAN ADD-VENTURES LTD |
M1997/013469/06 |
In Business |
16 Years 4 Months |
0 |
No |
|
|||
|
EUPHORBIA (PTY)LTD |
M1991/001263/07 |
In Business |
22 Years 10 Months |
0 |
No |
|
|||
|
FORMEX INDUSTRIES (PTY)LTD |
M1987/005556/07 |
In Business |
26 Years 2 Months |
0 |
No |
|
|||
|
G E PROPERTY AND MARKETING (PTY)LTD |
M1991/007006/07 |
In Business |
22 Years 10 Months |
0 |
No |
|
|||
|
GALLAGHER ESTATE HOLDINGS LTD |
M1989/001668/06 |
In Business |
|
0 |
No |
|
|||
|
GLENNY BUCHNER INVESTMENT (PTY)LTD |
M1987/003416/07 |
Dissolved |
26 Years 2 Months |
0 |
No |
|
|||
|
HI-REACH MANLIFT (PTY)LTD |
M2005/005422/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|||
|
ISILUMKO STAFFING (PTY)LTD |
M1995/011602/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
|||
|
JOHNNIC MANAGEMENT SERVICES (PTY)LTD |
M1972/006334/07 |
In Business |
41 Years 5 Months |
0 |
No |
|
|||
|
JOHNSON ACCESS (PTY)LTD |
M2002/007063/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
|||
|
LIMTECH BIOMETRIC SOLUTIONS (PTY)LTD |
M1999/016157/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|||
|
MARS HOLDINGS (PTY)LTD |
M2003/022449/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|||
|
METTLE FACTORS (PTY)LTD |
M2004/015725/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|||
|
NOAH CAPITAL MARKETS (PTY)LTD |
M1998/022225/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
|||
|
PRIMA TOY AND LEISURE FINANCE (PTY)LTD |
M1998/015112/07 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
|||
|
ROWAN TREE 4 (PTY)LTD |
M2003/004170/07 |
Voluntary Liquidation |
10 Years 10 Months |
0 |
Yes |
|
|||
|
SERENDIPITY FINANCIAL ADVISORS CC |
B2003/001824/23 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
|
|||
|
SUKYAE-LAND (PTY)LTD |
M2002/018736/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
|||
|
SYNTELL (PTY)LTD |
M2003/022275/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|||
|
THREE BLIND MICE COMMUNICATIONS (PTY)LTD |
M1997/019130/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|||
|
TSOGO SUN KWAZULU-NATAL (PTY)LTD |
M1997/014551/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|||
|
TYLON (PTY)LTD |
M1997/005879/07 |
Voluntary Liquidation |
16 Years 4 Months |
0 |
Yes |
|
|||
|
TYLON HOLDINGS (PTY)LTD |
M1999/017147/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|||
Principal's Deeds Information - No information on record
Principal - 3 of 4
WANDA AMBROSINI
|
Surname |
AMBROSINI |
|
First Name |
WANDA |
|
Other Names |
NONE |
|
Marital Status |
|
|
ID Number |
5905220027184 |
|
Verified ID Number |
Yes |
|
Current Age |
54 Years 7 Months |
|
Designation |
BUSIENSSMAN |
|
Status |
Active |
|
Appointment Date |
2001/09/10 |
|
Physical Address (at time of Appointment) |
13A GRAVER ROAD, BEDFORDVIEW, 2007 |
|
Postal Address |
P O BOX 75147, GARDENVIEW, 2047 |
|
Current Tel Number |
0114938300 |
|
Cell number |
0825601944 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for WANDA AMBROSINI
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MOKAIKAI SITE 43 CC |
B2001/029223/23 |
In Business |
0 |
0 |
No |
|
|
PRIMA TOY AND LEISURE TRADING (PTY)LTD |
M1997/015132/07 |
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 |
|
WONDERFUL WORLD OF SALES (PTY)LTD |
M1997/009336/07 |
Deregistration Final |
16 Years 4 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 4 of 4
FARREL NUSSBAUM
|
Surname |
NUSSBAUM |
|
First Name |
FARREL |
|
Other Names |
NONE |
|
Marital Status |
|
|
ID Number |
7008215017084 |
|
Verified ID Number |
Yes |
|
Current Age |
43 Years 4 Months |
|
Designation |
BUSIENSSMAN |
|
Status |
Active |
|
Appointment Date |
2001/09/10 |
|
Physical Address (at time of Appointment) |
5 HIAWATHA, CROSS ROAD, GLENHAZEL, 2192 |
|
Postal Address |
P O BOX 270, HIGHLANDS NORTH, 2037 |
|
Current Tel Number |
0116142243 |
|
Cell number |
0824501085 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for FARREL NUSSBAUM
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
PRIMA TOY AND LEISURE TRADING (PTY)LTD |
M1997/015132/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 19 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HENWOODS SALES CC |
B1986/011013/23 |
Deregistration Final |
27 Years 3 Months |
0 |
No |
|
|
STEM CELL SERVICES SA CC |
B2002/099560/23 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
Principal's Deeds Information
- No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
UK Pound |
1 |
Rs.101.08 |
|
Euro |
1 |
Rs.84.07 |
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.