MIRA INFORM REPORT

 

 

Report Date :

17.01.2013

 

IDENTIFICATION DETAILS

 

Name :

NDLOVU FENCING (PTY)LTD

 

 

Registered Office :

2nd Floor, 345 Rivonia Boulevard, Rivonia, 2128

 

 

Country :

South Africa

 

 

Date of Incorporation :

11.10.1983

 

 

Com. Reg. No.:

M1983/010959/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Distributor of electric fencing energisers and equipment.

 

 

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 – 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 Unemployment remains high and outdated infrastructure has constrained growth.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


Summary

 

Subject Name

NDLOVU FENCING (PTY)LTD

Country

South Africa

Assessment

This is a well established business. On investigation contact was made with RICARDO who assisted with the basic information for the subject. We were advised to contact MR. WILLIAMSON the director for further information, however MR. WILLIAMSON is currently unavailable and will return back to business on the 17th of January 2013. Please see the available information on the subject below.

 

 

Company Information

 

Registered Name

NDLOVU FENCING (PTY)LTD

Trading as/ Division Name

STAFIX ELECTRIC FENCE AND SECURITY CENTRE

Previous Name

 

Date of Name Change

Oct 29 2001 12:00AM

Registration Number

M1983/010959/07

Registration Date

1983/10/11

Date Commenced Trading

1983-10-11

Age of Business

29 Years 2 Months

History of Business

The subject took over the operations of an existing business. However further information was not made available.

History of Principals

 

Shareholders/Members/Partners of subject and % holding

The shares of the company are family owned, further information was not made available.

Authorised Share Capital

R 100.00

Issued Share Capital/Members Contribution

R 1.00

Status

In Business

Operations Assessment

Distributor of electric fencing energisers and equipment.

Industry/ Customers

Agricultural, Wildlife and Perimiter security markets.

Export

Yes

Major Industry Code / SICC

83120

Definition of Code

Security dealing activities

Head Office Physical Address

2ND FLOOR, 345 RIVONIA BOULEVARD, RIVONIA, 2128

Head Office Postal Address

P O BOX 2035, RIVONIA, 2128

Current Tel Number

0113973507

Cell Number

 

Current Fax Number

0113977610

Current Email Address

ndluvo@stafix.co.za

Web Site Address

www.stafix.co.za

Comments

The subject exports globally

 

 

Auditors Information

 

Company Registered Name

BAXTERS CHARTERED ACCOUNTANTS REGISTERED AUDITORS

Trading Name

METH

Registration Number

7102045163083

Physical Address

79a Stiglingh Road, Rivonia, SANDTON, 2128

Postal Address

P O BOX 2035, RIVONIA, 2128

Contact Person

BRENDON METH

Contact Number

0118072121

Email

brendon@global.co.za

Principals

 

Judgements Against Subject

 

Judgements Against Principals

 

Subject Verified as Client

Yes

Practice Number

957828

VAT Number

4210149839

Tax Number

 

BEE Status

 

Financial Year End

 

No of years in Business

1 Year

Website

None

Comment

 

 

Previous Auditors Information - No Information on Record

 

Tax Information - No Information on Record

 

Black Economic Empowerment

 

Status

Yes

Score

 

Expire Date

 

BEE Certificate Available

No

Comment

The subject does have a BEE status howwever further information was not made available.

 

ISO Information - No Information on Record

Workman's compensation

Registered

Yes

Compliance Certified

Yes

Comment

 

Company Structure

 

Subsidiaries Information - No Information on Record

Employees Information - No Information on Record

 

Company Fleet 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

2

Average Age of Active Principals

51

Active Principals Principal - 1of 2 MAURICE WILLIAMSON

Surname

WILLIAMSON

First Name

MAURICE

Other Names

 

Marital Status

 

ID Number

4512195012083

Verified ID Number

Yes

Current Age

67

Designation

BUSINESSMAN

Status

Active

Appointment Date

2000/08/01

Physical Address (at time of Appointment)

46 MONTROSE DRIVE, PIETERMARITZBURG, 3201

Postal Address

46 MONTROSE DRIVE, PIETERMARITZBURG, 3201

Current Tel Number

0333426722

Cell number

0825572780

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forMAURICE WILLIAMSON

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

EXPECTRA 378 (PTY)LTD

2001/026069/07

In Business

11 Years 11 Months

0

No

 

IDADA TRADING 114 (PTY)LTD

2005/041250/07

In Business

7 Years 7 Months

0

No

 

STAFIX ELECTRIC FENCE CENTRE CAPE TOWN CC

B2004/107770/23

In Business

8 Years 8 Months

0

No

 

STAFIX ELECTRIC FENCE CENTRE BLOEMFONTEIN CC

B2005/070106/23

In Business

7 Years 7 Months

0

No

 

NDLOVU FENCING (PTY)LTD

M1983/010959/07

In Business

29 Years 5 Months

0

No

 

 

Principal's Deeds Information - No information on record

Average Age of Previous Business                          I                                   22 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

LIVESTOCK HANDLING EQUIPMENT MANUFACTURERS (PTY)LTD

M1975/002014/07

Deregistration Final

37 Years 1 Months

0

No

 

ALLFENCELECT (PTY)LTD

M1983/002280/07

Deregistration Final

29 Years 5 Months

0

No

 

WETLANDS PROPERTIES SHARE BLOCK (PTY)LTD

M1993/001049/07

Deregistration Final

19 Years 7 Months

0

No

 

STAFIX ELECTRIC FENCE CENTRE NORTH (PTY)LTD

M2007/015037/07

Deregistration Final

5 Years 5 Months

0

No

 

 

 

Principal Previous Business Interests

 

Principal's Adverse - No information on record

 

Principal - 2of 2 SHAUN WILLIAMSON

 

Surname

WILLIAMSON

First Name

SHAUN

Other Names

 

Marital Status

 

ID Number

7605125165083

Verified ID Number

Yes

Current Age

36

Designation

BUSINESSMAN

Status

Active

Appointment Date

2000/08/01

Physical Address (at time of Appointment)

522 DEODAR BOULEVARD, BISHOPS FIELD, CEDAR LAKES, FOURWAYS, 2191

Postal Address

522 DEODAR BOULEVARD, BISHOPS FIELD, CEDAR LAKES, FOURWAYS, 2191

Current Tel Number

0113973507

Cell number

0827838449

Shareholding/Membership

0.0000

 

Business Information forSHAUN WILLIAMSON

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

EXPECTRA 378 (PTY)LTD

2001/026069/07

In Business

11 Years 11 Months

0

No

 

IDADA TRADING 114 (PTY)LTD

2005/041250/07

In Business

7 Years 7 Months

0

No

 

SUNSET BAY TRADING 567 (PTY)LTD

2006/024932/07

In Business

6 Years 6 Months

0

No

 

VANDERBYLPARK ELECTRIC FENCING CC

B2002/078612/23

In Business

10 Years 10 Months

0

No

 

BOKHARA TRADING CC

B2004/034195/23

Conversion CO/CC or CC/CO

8 Years 8 Months

0

No

 

STAFIX ELECTRIC FENCE CENTRE CAPE TOWN CC

B2004/107770/23

In Business

8 Years 8 Months

0

No

 

STAFIX ELECTRIC FENCE CENTRE BLOEMFONTEIN CC

B2005/070106/23

In Business

7 Years 7 Months

0

No

 

NDLOVU FENCING (PTY)LTD

M1983/010959/07

In Business

29 Years 5 Months

0

No

 

SOUTHERN AFRICAN GAME FENCING ASSOCIATION

M2007/002594/08

In Business

5 Years 5 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal's Adverse - No information on record

 

Average Age of Previous Business           I           8 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

WHITBEN CC

B1997/055227/23

Deregistration Final

15 Years 3 Months

0

No

 

STAFIX ELECTRIC FENCE CENTRE PORT ELIZABETH CC

B2005/095403/23

Deregistration Final

7 Years 7 Months

0

No

 

ULWEMBU INVESTMENT HOLDINGS (PTY)LTD

M2004/033359/07

Deregistration Final

8 Years 8 Months

0

No

 

STAFIX ELECTRIC FENCE CENTRE NORTH (PTY)LTD

M2007/015037/07

Deregistration Final

5 Years 5 Months

0

No

 

 

Principal Previous Business Interests

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.82

UK Pound

1

Rs.87.99

Euro

1

Rs.72.83

 

 

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%)

MIRA INFORM REPORT

 

 

Report Date :

17.01.2013

 

 

 

Tel. No.:

011-3973507

Fax No.:

011 3977610

 

IDENTIFICATION DETAILS

 

Name :

NDLOVU FENCING (PTY)LTD

 

 

Registered Office :

2nd Floor, 345 Rivonia Boulevard, Rivonia, 2128

 

 

Country :

South Africa

 

 

Date of Incorporation :

11.10.1983

 

 

Com. Reg. No.:

M1983/010959/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Distributor of electric fencing energisers and equipment.

 

 

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 – 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


Summary

 

Subject Name

NDLOVU FENCING (PTY)LTD

Country

South Africa

Assessment

This is a well established business. On investigation contact was made with RICARDO who assisted with the basic information for the subject. We were advised to contact MR. WILLIAMSON the director for further information, however MR. WILLIAMSON is currently unavailable and will return back to business on the 17th of January 2013. Please see the available information on the subject below.

 

 

Company Information

 

Registered Name

NDLOVU FENCING (PTY)LTD

Trading as/ Division Name

STAFIX ELECTRIC FENCE AND SECURITY CENTRE

Previous Name

 

Date of Name Change

Oct 29 2001 12:00AM

Registration Number

M1983/010959/07

Registration Date

1983/10/11

Date Commenced Trading

1983-10-11

Age of Business

29 Years 2 Months

History of Business

The subject took over the operations of an existing business. However further information was not made available.

History of Principals

 

Shareholders/Members/Partners of subject and % holding

The shares of the company are family owned, further information was not made available.

Authorised Share Capital

R 100.00

Issued Share Capital/Members Contribution

R 1.00

Status

In Business

Operations Assessment

Distributor of electric fencing energisers and equipment.

Industry/ Customers

Agricultural, Wildlife and Perimiter security markets.

Export

Yes

Major Industry Code / SICC

83120

Definition of Code

Security dealing activities

Head Office Physical Address

2ND FLOOR, 345 RIVONIA BOULEVARD, RIVONIA, 2128

Head Office Postal Address

P O BOX 2035, RIVONIA, 2128

Current Tel Number

0113973507

Cell Number

 

Current Fax Number

0113977610

Current Email Address

ndluvo@stafix.co.za

Web Site Address

www.stafix.co.za

Comments

The subject exports globally

 

 

Auditors Information

 

Company Registered Name

BAXTERS CHARTERED ACCOUNTANTS REGISTERED AUDITORS

Trading Name

METH

Registration Number

7102045163083

Physical Address

79a Stiglingh Road, Rivonia, SANDTON, 2128

Postal Address

P O BOX 2035, RIVONIA, 2128

Contact Person

BRENDON METH

Contact Number

0118072121

Email

brendon@global.co.za

Principals

 

Judgements Against Subject

 

Judgements Against Principals

 

Subject Verified as Client

Yes

Practice Number

957828

VAT Number

4210149839

Tax Number

 

BEE Status

 

Financial Year End

 

No of years in Business

1 Year

Website

None

Comment

 

 

Previous Auditors Information - No Information on Record

 

Tax Information - No Information on Record

 

Black Economic Empowerment

 

Status

Yes

Score

 

Expire Date

 

BEE Certificate Available

No

Comment

The subject does have a BEE status howwever further information was not made available.

 

ISO Information - No Information on Record

Workman's compensation

Registered

Yes

Compliance Certified

Yes

Comment

 

Company Structure

 

Subsidiaries Information - No Information on Record

Employees Information - No Information on Record

 

Company Fleet 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

2

Average Age of Active Principals

51

Active Principals Principal - 1of 2 MAURICE WILLIAMSON

Surname

WILLIAMSON

First Name

MAURICE

Other Names

 

Marital Status

 

ID Number

4512195012083

Verified ID Number

Yes

Current Age

67

Designation

BUSINESSMAN

Status

Active

Appointment Date

2000/08/01

Physical Address (at time of Appointment)

46 MONTROSE DRIVE, PIETERMARITZBURG, 3201

Postal Address

46 MONTROSE DRIVE, PIETERMARITZBURG, 3201

Current Tel Number

0333426722

Cell number

0825572780

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forMAURICE WILLIAMSON

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

EXPECTRA 378 (PTY)LTD

2001/026069/07

In Business

11 Years 11 Months

0

No

 

IDADA TRADING 114 (PTY)LTD

2005/041250/07

In Business

7 Years 7 Months

0

No

 

STAFIX ELECTRIC FENCE CENTRE CAPE TOWN CC

B2004/107770/23

In Business

8 Years 8 Months

0

No

 

STAFIX ELECTRIC FENCE CENTRE BLOEMFONTEIN CC

B2005/070106/23

In Business

7 Years 7 Months

0

No

 

NDLOVU FENCING (PTY)LTD

M1983/010959/07

In Business

29 Years 5 Months

0

No

 

 

Principal's Deeds Information - No information on record

Average Age of Previous Business                          I                                   22 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

LIVESTOCK HANDLING EQUIPMENT MANUFACTURERS (PTY)LTD

M1975/002014/07

Deregistration Final

37 Years 1 Months

0

No

 

ALLFENCELECT (PTY)LTD

M1983/002280/07

Deregistration Final

29 Years 5 Months

0

No

 

WETLANDS PROPERTIES SHARE BLOCK (PTY)LTD

M1993/001049/07

Deregistration Final

19 Years 7 Months

0

No

 

STAFIX ELECTRIC FENCE CENTRE NORTH (PTY)LTD

M2007/015037/07

Deregistration Final

5 Years 5 Months

0

No

 

 

 

Principal Previous Business Interests

 

Principal's Adverse - No information on record

 

Principal - 2of 2 SHAUN WILLIAMSON

 

Surname

WILLIAMSON

First Name

SHAUN

Other Names

 

Marital Status

 

ID Number

7605125165083

Verified ID Number

Yes

Current Age

36

Designation

BUSINESSMAN

Status

Active

Appointment Date

2000/08/01

Physical Address (at time of Appointment)

522 DEODAR BOULEVARD, BISHOPS FIELD, CEDAR LAKES, FOURWAYS, 2191

Postal Address

522 DEODAR BOULEVARD, BISHOPS FIELD, CEDAR LAKES, FOURWAYS, 2191

Current Tel Number

0113973507

Cell number

0827838449

Shareholding/Membership

0.0000

 

Business Information forSHAUN WILLIAMSON

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

EXPECTRA 378 (PTY)LTD

2001/026069/07

In Business

11 Years 11 Months

0

No

 

IDADA TRADING 114 (PTY)LTD

2005/041250/07

In Business

7 Years 7 Months

0

No

 

SUNSET BAY TRADING 567 (PTY)LTD

2006/024932/07

In Business

6 Years 6 Months

0

No

 

VANDERBYLPARK ELECTRIC FENCING CC

B2002/078612/23

In Business

10 Years 10 Months

0

No

 

BOKHARA TRADING CC

B2004/034195/23

Conversion CO/CC or CC/CO

8 Years 8 Months

0

No

 

STAFIX ELECTRIC FENCE CENTRE CAPE TOWN CC

B2004/107770/23

In Business

8 Years 8 Months

0

No

 

STAFIX ELECTRIC FENCE CENTRE BLOEMFONTEIN CC

B2005/070106/23

In Business

7 Years 7 Months

0

No

 

NDLOVU FENCING (PTY)LTD

M1983/010959/07

In Business

29 Years 5 Months

0

No

 

SOUTHERN AFRICAN GAME FENCING ASSOCIATION

M2007/002594/08

In Business

5 Years 5 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal's Adverse - No information on record

 

Average Age of Previous Business           I           8 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

WHITBEN CC

B1997/055227/23

Deregistration Final

15 Years 3 Months

0

No

 

STAFIX ELECTRIC FENCE CENTRE PORT ELIZABETH CC

B2005/095403/23

Deregistration Final

7 Years 7 Months

0

No

 

ULWEMBU INVESTMENT HOLDINGS (PTY)LTD

M2004/033359/07

Deregistration Final

8 Years 8 Months

0

No

 

STAFIX ELECTRIC FENCE CENTRE NORTH (PTY)LTD

M2007/015037/07

Deregistration Final

5 Years 5 Months

0

No

 

 

Principal Previous Business Interests

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.82

UK Pound

1

Rs.87.99

Euro

1

Rs.72.83

 

 

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%)

 

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.