MIRA INFORM REPORT

 

 

Report Date :

01.07.2013

 

IDENTIFICATION DETAILS

 

Name :

DUNLOP BELTING PRODUCTS (PTY)LTD

 

 

Registered Office :

22-24 Lincoln Road, Nestadt Industrial sites, BENONI, Gauteng

 

 

Country :

South Africa

 

 

Date of Incorporation :

20.09.2002

 

 

Com. Reg. No.:

M2002/023462/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacture of conveyor belting

 

 

No. of Employees :

300

 

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

DUNLOP BELTING PRODUCTS (PTY)LTD

Country

South Africa

Subject Contact Person

BASIL CALDWELL - Financial Manager

Assessment

This is an established business. On investigation contact was made with MR. BASIL CALDWELL who assisted with most of the required information. The subject is meeting commitments timeously with suppliers. We still await a bank for an amount of R 4 000 000 over a period of 30 days. Please see the available information on the subject below.

 

 

Company Information

 

Registered Name

DUNLOP BELTING PRODUCTS (PTY)LTD

Trading as/ Division Name

DUNLOP BELTING PRODUCTS

Previous Name

Unavailable

Date of Name Change

2002-12-02

Registration Number

M2002/023462/07

Registration Date

2002/09/20

Date Commenced Trading

2002-09-20

Age of Business

10 Years 9 Months

History of Business

The subject was established as a new business in September 2002 and operations commenced immediately. It underwent a name change from an unknown name to the current in December 2002

History of Principals

There are currently 4 active directors within the company.

Shareholders/Members/Partners of subject and % holding

100 % - DUNLOP INDUSTRIAL PRODUCTS LTD

Authorised Share Capital

R 4000.00

Issued Share Capital/Members Contribution

R 120.00

Status

In Business

Operations Assessment

Manufacture of conveyor belting

Industry/ Customers

Mining Industry

Export

Yes

Import

Yes

Major Industry Code / SICC

35630

Definition of Code

Manufacture of bearings, gears, gearing and driving elements

Head Office Physical Address

22-24 Lincoln Road, Nestadt Industrial sites, BENONI, Gauteng

Head Office Postal Address

PRIVATE BAG X027, BENONI, 1500

Current Tel Number

0117412500

Cell Number

Unavailable

Current Fax Number

0866242927

Current Email Address

basilc@remapiptop.co.za

Web Site Address

Unavailable

 

 

Auditors Information

 

Company Registered Name

CBB RODL AND PARTNERS INC

Trading Name

CBB RODL AND PARTNERS

Registration Number

M2009/018983/21

Physical Address

1 EASTGATE LANE, JOHANNESBURG, BEDFORDVIEW, Gauteng, 2008

Postal Address

P O BOX 333, SPRINGS, Gauteng, 1560

Contact Person

ROBERT THOMPSON

Contact Number

0114793000

Email

Unavailable

Principals

5

Judgements Against Subject

Unavailable

Judgements Against Principals

Unavailable

Subject Verified as Client

Yes

Practice Number

902386E

VAT Number

4310254315

Tax Number

9307448176

BEE Status

Unavailable

Financial Year End

Febraury

No of years in Business

1 Years 11 Months

Website

Unavailable

Comment

 

 

Previous Auditors Information - No Information on Record

 

 

Tax Information

 

Vat Number

4040206064

Status

ACTIVE

Vat Liable Date

2003/03/01

Tax Number

9228840147

Tax Clearance Expire Date

 

Financial Year End

December

Comment

 

Black Economic Empowerment

Status

Yes

Score

4.00

Expire Date

Apr 92014

BEE Certificate Available

Yes

Comment

 

 

ISO Information - No Information on Record

Workman's compensation

Registered

Yes

Compliance Certified

Yes

Comment

 

 

 

Company Structure

 

Subsidiaries Information - No Information on Record

 

Employees

 

Number of Employees

300

1. Salaried employees

300

2. Waged employees

 

3. Permanent employees

300

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

7

Comment

 

Cars

2

Owned

 

 

Light delivery Vehicles

5

Owned

 

 

 

 

Offices

 

Offices

Offices

Head Office Owned/ Rented

Owned

Rental Company

 

Owned by

DUNLOP REMATIPTOP HOLDINGD SA

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

Offices,warehouse and factory

Comment

 

 

Branch Information - No Information on Record

 

 

Management Overview

 

Organisational Ohart - No Information on Record

 

Company Structure (Ownership)

 

Note: One level up and all levels down

 

Holding

Company

Sub

Comment

100 % - DUNLOP

INDUSTRIAL PRODUCTS LTD

DUNLOP BELTING PRODUCTS (PTY) LTD

 

 

 

Key Deals - No Information on Record

 

 

Trade References

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

Comment

1

BIDVEST PANEL PINAAR

0313023883

 

 

 

2

WORLDNET

0114099768

 

 

 

3

DESREE INDUSTRIAL

0117408463

 

 

 

 

Trade References Detail

 

Nr

Age of Acc

Terms

Average Purchases

Terms Taken

Comment

1

10 Years

30 Days

R1000000

30 Days

Good Account

2

3 Years

30 Days

R1000000

30 Days

Good Account

3

7 Years

15 Days

R100000

15 Days

Good account. The subject has an open account with the supplier.

 

 

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

 

Bank

STANDARD BANK

Branch

EASTGATE BUSINESS CENTRE

Brach Code

051001

Bank Account Number

020964995

Type of Account

Current

Account Name

DUNLOP BELTING PRODUCTS(PTY)LTD

Overdraft Facilities

None

Bank Code

Awaiting a bank code

Bank Comment

 

 

Bank Code History - No Information on Record

 

Previous Bank Account Information - No Information on Record

 

Deeds Information - No information on record

 

 

Financial Information

 

Financial Estimates

 

CURRENT ASSETS

R160000000.00

Stock

R 80000000.00

Debtors

R 90000000.00

FIXED ASSETS

 

Plant, Equipment, Vehicles

 

Property

 

CURRENT LIABILITIES

 

Creditors

 

Loans/ From?

 

Loan Details

 

LONG TERM LIABILITIES

R 88000000.00

Morgage Bonds

 

Previous Year Turnover

R 500000000.00

Estimated Current Year Turnover

R 500000000.00

Current Turnover per month

R 51000000.00

Current Turnover per annum

 

Comment

 

 

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

4

Average Age of Active Principals

57

Active Principals Principal - 1 of 4 STEFAN FLOHR

Surname

FLOHR

First Name

STEFAN

Other Names

None

Marital Status

 

ID Number

7003110000000

Verified ID Number

No

Current Age

43 Years 3 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2011/08/01

Physical Address (at time of Appointment)

20 BOTHMA, STREET, BEDFORVIEW, 2007

Postal Address

P O0 BOX 2423, BRAKPAN,1540

Current Tel Number

0117412500

Cell number

 

Shareholding/Membership

0.00

 

Business Information for STEFAN FLOHR

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

DUNLOP BELTING

PRODUCTS

(PTY)LTD

M2002/023462/07

In Business

11 Years 11 Months

0

No

 

DUNLOP

INDUSTRIAL HOSE (PTY)LTD

M2002/023401/07

In Business

11 Years 11 Months

0

No

 

DUNLOP INDUSTRIAL PRODUCTS (PTY)LTD

M2001/004023/07

In Business

0

0

No

 

DUNLOP MIXING AND TECHNICAL SERVICES (PTY)LTD

M2002/024032/07

In Business

11 Years 11 Months

0

No

 

DUNLOP RUBBER

MOULDINGS

(PTY)LTD

M2002/023452/07

In Business

11 Years 11 Months

0

No

 

INSIKA INDUSTRIAL

SERVICES

(PTY)LTD

M2002/021927/07

In Business

11 Years 11 Months

0

No

 

JUSKEI RUBBER PRODUCTS AND SERVICES (PTY)LTD

M2004/009471/07

In Business

9 Years 9 Months

0

No

 

REMA SHARED

SERVICES

(PTY)LTD

M2011/001535/07

In Business

2 Years 2 Months

0

No

 

REMA TIP TOP

AUTOMOTIVE

(PTY)LTD

M2004/009581/07

In Business

9 Years 9 Months

0

No

 

REMA TIP TOP HOLDING SOUTH AFRICA (PTY)LTD

M1980/009786/07

In Business

33 Years 9 Months

0

No

 

REMA TIP TOP SOUTH AFRICA (PTY)LTD

M2004/010680/07

In Business

9 Years 9 Months

0

No

 

REMA TIP TOP SURFACE PROTECTION (PTY)LTD

M2004/009520/07

In Business

9 Years 9 Months

0

No

 

REMA TIP TOP TRAINING FOUNDATION (PTY)LTD

M2009/010658/07

In Business

4 Years 4 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

 

 

 

 

 

 

 

 

Principal's Deeds Information - No information on record

Principal - 2 of 4 THORSTEN WACH

 

Surname

WACH

First Name

THORSTEN

Other Names

None

Marital Status

 

ID Number

6605140000000

Verified ID Number

No

Current Age

47 Years 1 Months

Designation

BUSINESSMAN

Status

Active

Appointment Date

2011/01/12

Physical Address (at time of Appointment)

31 OAKMONT STREET, SILVERLAKES, PRETORIA, 0054

Postal Address

P O BOX 2423, BRAKPAN, BRAKPAN, 1540

Current Tel Number

0117412500

Cell number

 

Shareholding/Membership

0.00

 

Business Information for THORSTEN WACH Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

29 INDUNA MILLS ROAD (PTY)LTD

M2002/012896/07

In Business

11 Years 11 Months

0

No

 

DUNLOP BELTING

PRODUCTS

(PTY)LTD

M2002/023462/07

In Business

11 Years 11 Months

0

No

 

DUNLOP INDUSTRIAL AFRICA (PTY)LTD

M2002/023707/07

In Business

11 Years 11 Months

0

No

 

DUNLOP

INDUSTRIAL HOSE (PTY)LTD

M2002/023401/07

In Business

11 Years 11 Months

0

No

 

DUNLOP INDUSTRIAL PRODUCTS (PTY)LTD

M2001/004023/07

In Business

0

0

No

 

DUNLOP MIXING AND TECHNICAL SERVICES (PTY)LTD

M2002/024032/07

In Business

11 Years 11 Months

0

No

 

INSIKA INDUSTRIAL

SERVICES

(PTY)LTD

M2002/021927/07

In Business

11 Years 11 Months

0

No

 

JUSKEI RUBBER PRODUCTS AND SERVICES (PTY)LTD

M2004/009471/07

In Business

9 Years 9 Months

0

No

 

REMA SHARED

SERVICES

(PTY)LTD

M2011/001535/07

In Business

2 Years 2 Months

0

No

 

REMA TIP TOP

AUTOMOTIVE

(PTY)LTD

M2004/009581/07

In Business

9 Years 9 Months

0

No

 

REMA TIP TOP HOLDING SOUTH AFRICA (PTY)LTD

M1980/009786/07

In Business

33 Years 9 Months

0

No

 

REMA TIP TOP SOUTH AFRICA (PTY)LTD

M2004/010680/07

In Business

9 Years 9 Months

0

No

 

REMA TIP TOP SURFACE PROTECTION (PTY)LTD

M2004/009520/07

In Business

9 Years 9 Months

0

No

 

REMA TIP TOP TRAINING FOUNDATION (PTY)LTD

M2009/010658/07

In Business

4 Years 4 Months

0

No

 

UBUNTU BELTING

 

 

 

 

 

 

AND RUBBER

M2004/010778/07

In Business

9 Years 9 Months

0

No

 

(PTY)LTD

 

 

 

 

 

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                    9 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

MPUMALANGA RUBBER PRODUCTS AND SERVICES (PTY)LTD

M2004/009406/07

Deregistration Final

9 Years 9 Months

0

No

 

REMA PROJECT AND MAINTENANCE SERVICES (PTY)LTD

M2004/009551/07

Deregistration Final

9 Years 9 Months

0

No

 

TAFELBERG RUBBER PRODUCTS AND SERVICES (PTY)LTD

M2004/010606/07

Deregistration Final

9 Years 9 Months

0

No

 

 

Principal's Deeds Information - No information on record

Principal - 3 of 4 MALEMADUTJE MA MALEMADUTJE MATHABATHE

 

Surname

MALEMADUTJE MATHABATHE

First Name

MALEMADUTJE MA

Other Names

None

Marital Status

Married

ID Number

4204115428082

Verified ID Number

Yes

Current Age

71 Years 2 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2006/06/19

Physical Address (at time of Appointment)

18 GRACE ROAD, OBSERVATOR, JOHANNESBURG, 2198

Postal Address

7TH FLOOR NEDBANK MALL, 145 COMMISIONER STREET, JOHANNESBURG, 2001

Current Tel Number

0117281909

Cell number

0834441944

Shareholding/Membership

0.00

 

Business Information for MALEMADUTJE MA MALEMADUTJE MATHABATHE

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CRADLE OF MAN LTD

M2005/019794/06

In Business

8 Years 8 Months

0

No

 

HLAKAZA

INVESTMENTS

(PTY)LTD

M2005/000034/07

In Business

8 Years 8 Months

0

No

 

IMBANI

ADVERTISING AND

MARKETING

(PTY)LTD

M2005/036654/07

In Business

8 Years 8 Months

0

No

 

IMBANI CABLING (PTY)LTD

M2005/000629/07

In Business

8 Years 8 Months

0

No

 

IMBANI

CONSTRUCTION (PTY)LTD

2004/018468/07

In Business

9 Years 9 Months

0

No

 

IMBANI

INFORMATION

TECHNOLOGIES

(PTY)LTD

M2004/008551/07

In Business

9 Years 9 Months

0

No

 

IMBANI

INVESTMENTS (PTY)LTD

M2004/012691/07

In Business

9 Years 9 Months

0

No

 

IMBANI

MANAGEMENT (PTY)LTD

M2005/005680/07

In Business

8 Years 8 Months

0

No

 

IMBANI MINERALS (PTY)LTD

M2005/010963/07

In Business

8 Years 8 Months

0

No

 

IMBANI MOTORS (PTY)LTD

M2004/006934/07

In Business

9 Years 9 Months

0

No

 

IMBANI PAPER

SUPPLIERS

(PTY)LTD

M2004/006541/07

In Business

9 Years 9 Months

0

No

 

IMBANI PLATINUM SPV (PTY)LTD

M2004/024514/07

In Business

9 Years 9 Months

0

No

 

IMBANI PRECIOUS GROUP METALS (PTY)LTD

M2005/011801/07

In Business

8 Years 8 Months

0

No

 

IMBANI

PROCUREMENT

SOLUTIONS

(PTY)LTD

M2004/008140/07

In Business

9 Years 9 Months

0

No

 

IMBANI PROJECT

MANAGEMENT

(PTY)LTD

M2004/029373/07

In Business

9 Years 9 Months

0

No

 

IMBANI

PROPERTIES

(PTY)LTD

M2004/007298/07

In Business

9 Years 9 Months

0

No

 

IMBANI RETAIL (PTY)LTD

M2005/043300/07

In Business

8 Years 8 Months

0

No

 

IMBANI RUBBER (PTY)LTD

M2005/011398/07

In Business

8 Years 8 Months

0

No

 

IMBANI SOLUTIONS (PTY)LTD

M2005/005551/07

In Business

8 Years 8 Months

0

No

 

IMBANI STEEL (PTY)LTD

M2004/030380/07

In Business

9 Years 9 Months

0

No

 

IMBANI TAILINGS (PTY)LTD

M2005/016984/07

In Business

8 Years 8 Months

0

No

 

IMBANI TANKERS (PTY)LTD

M2004/013620/07

In Business

9 Years 9 Months

0

No

 

IMBANI TELECOM (PTY)LTD

M2004/028096/07

In Business

9 Years 9 Months

0

No

 

IMBANI

WHOLESALE

(PTY)LTD

M2005/043213/07

In Business

8 Years 8 Months

0

No

 

PROJECT DEVELOPMENTS INTERNATIONAL (PTY)LTD

M2005/043351/07

In Business

8 Years 8 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                8 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AERIOM 2002 INVESTMENTS AND TRADING 1 (PTY)LTD

M2002/030105/07

In Business

11 Years 11 Months

0

No

 

AFRICAN MEDIA NETWORK HOLDINGS (PTY)LTD

M2009/020422/07

In Business

4 Years 4 Months

0

No

 

ALFA MARINE SHIP REPAIRS AND ENGINEERING (PTY)LTD

M2003/018440/07

Deregistration Final

10 Years 10 Months

0

No

 

BARBERRY LOGISTICS (PTY)LTD

M2000/025153/07

Deregistration Final

13 Years 1 Months

1

No

 

DROOGVALLEI RAIL SIDING COMPANY (PTY)LTD

M2004/028986/07

In Business

9 Years 9 Months

0

No

 

ILIMA COMMUNITY

CONSTRUCTION

(PTY)LTD

M2003/003780/07

In Business

10 Years 10 Months

0

No

 

IMBANI PRINTING AND

STATIONERY

(PTY)LTD

M2006/000497/07

Deregistration Final

7 Years 7 Months

0

No

 

INUIT SOLUTIONS (PTY)LTD

M2004/005574/07

Deregistration Final

9 Years 9 Months

0

No

 

KADI HOLDINGS 1000 (PTY)LTD

M2003/010810/07

Voluntary Liquidation

10 Years 10 Months

0

Yes

 

LIONEL STEIN AND ASSOCIATES CC

B1998/018714/23

Deregistration Final

15 Years 3 Months

0

No

 

NEOSHO TRADING 28 (PTY)LTD

2007/030038/07

Deregistration Final

6 Years 6 Months

0

No

 

NUNGU TRADING 741 (PTY)LTD

2007/030599/07

Deregistration Final

6 Years 6 Months

0

No

 

PAINT FOR AFRICA (PTY)LTD

M1999/003893/07

Deregistration Final

14 Years 2 Months

0

No

 

PEMBANI COAL CAROLINA (PTY)LTD

M2002/017821/07

In Business

11 Years 11 Months

0

No

 

PEMBANI COAL CAROLINA

RESOURCES (PTY)LTD

M2002/006006/07

In Business

11 Years 11 Months

0

No

 

RETAIL MARKETING SERVICES (PTY)LTD

M2001/003889/07

In Business

 

0

No

 

SHENZHEN MEDIA SOUTH AFRICA (PTY)LTD

M2009/005511/07

In Business

4 Years 4 Months

0

No

 

SIMGOS HOUSE (PTY)LTD

M2005/010627/07

In Business

8 Years 8 Months

0

No

 

SITE FABRICATION SERVICES (PTY)LTD

M2010/001597/07

In Business

3 Years 3 Months

0

No

 

STARTREX (PTY)LTD

2004/001147/07

Dissolved

9 Years 9 Months

0

No

 

SUPER 5 MEDIA (PTY)LTD

M2006/003303/07

In Business

7 Years 7 Months

1

No

 

TRANS AFRICA RAIL (PTY)LTD

M2003/004468/07

Deregistration Final

10 Years 10 Months

0

No

 

VAXIVOX (PTY)LTD

M2009/020444/07

In Business

4 Years 4 Months

1

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 4 of 4

DONALD POOLE

 

Surname

POOLE

First Name

DONALD

Other Names

None

Marital Status

Married

ID Number

4608195095084

Verified ID Number

Yes

Current Age

66 Years 10 Months

Designation

 

Status

Active

Appointment Date

2004/12/01

Physical Address (at time of Appointment)

6 PROTEA GARDENS, KNIGHTS STREET, WITFIELD, 1459

Postal Address

PRIVATE BAG X027, BENONI, 1500

Current Tel Number

0117412500

Cell number

0832652395

Shareholding/Membership

0.00

 

Business Information for DONALD POOLE

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

DUNLOP BELTING

PRODUCTS

(PTY)LTD

M2002/023462/07

In Business

11 Years 11 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                               29 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

KINVER INVESTMENTS (PTY)LTD

M1995/013904/07

Deregistration Final

18 Years 6 Months

0

No

 

P N T HOLDINGS (PTY)LTD

M1994/006253/07

Deregistration Final

19 Years 7 Months

0

No

 

P N T INDUSTRIAL RUBBER (S A) (PTY)LTD

M1979/001633/07

Deregistration Final

34 Years 10 Months

0

No

 

P N T PROPERTIES (PTY)LTD

M1967/011510/07

Deregistration Process

46 Years 10 Months

0

No

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.59.70

UK Pound

1

Rs.91.14

Euro

1

Rs.77.97

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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

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NB

New Business

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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.