|
Report Date : |
05.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
VULCANIA REINFORCING
COMPANY (PTY)LTD |
|
|
|
|
Registered Office : |
33 Riley Road, Pinewood
Office Park, Building 7 Woodmead, Gauteng, 2021 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
26.11.1998 |
|
|
|
|
Com. Reg. No.: |
M1998/023593/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture Of Basic Iron
And Steel |
|
|
|
|
No. of Employees : |
196 |
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 (31.03.2012) |
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
|
Subject Name |
VULCANIA REINFORCING
COMPANY (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
TAMARA - Financial
Manager |
|
Assessment |
This is an established
business. On investigation contact was made with the financial manager MRS. TAMARA
who assisted with most of the information on the subject. MRS TAMARA
requested that we send her a questionnaire for the financials and extra trade
references on the company as only two were obtained. On following up on the
questionnaire MRS. TAMARA stated that she required more time to complete the
questionnaire. The subject is meeting commitments timeously with it's
suppliers. We still are await a bank code for R 1 000 000 over a period of 30
days. Please see the available information on the subject below. |
|
Registered Name |
VULCANIA REINFORCING
COMPANY (PTY)LTD |
|
Trading as/ Division Name |
VULCANIA REINFORCING
COMPANY |
|
Date of Name Change |
Sep 10 1999 |
|
Registration Number |
M1998/023593/07 |
|
Registration Date |
1998/11/26 |
|
Date Commenced Trading |
1998-11-26 |
|
Age of Business |
14 Years 3 Months |
|
History of Business |
The subject was
established as a new business in 1998. |
|
History of Principals |
There are currently 3
active directors. |
|
Authorised Share Capital |
R0.00 |
|
Issued Share
Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations Assessment |
The subject manufactures
Steel Products. |
|
Industry/ Customers |
Construction Industry |
|
Export |
None |
|
Import |
None |
|
Major Industry Code /
SICC |
3510 |
|
Definition of Code |
MANUFACTURE OF BASIC IRON
AND STEEL |
|
Head Office Physical
Address |
33 RILEY ROAD, PINEWOOD
OFFICE PARK, BUILDING 7 WOODMEAD, Gauteng, 2021 |
|
Head Office Postal
Address |
P O BOX 4349, RIVONIA,
JOHANNESBURG, Gauteng, 2128 |
|
Current Tel Number |
0118171402 |
|
Current Fax Number |
0118171846 |
|
Current Email Address |
|
Company Registered Name |
WATERAAANS EAST
REGISTERED AUDITORS |
|
Trading Name |
STEYN |
|
Registration Number |
7411245049087 |
|
Physical Address |
33 Rilay Road, Woodmead,
SANDTON |
|
Postal Address |
PO Box 4349, RIVONIA,
2125 |
|
Contact Person |
PETER STEYN |
|
Contact Number |
0114533821 |
|
Email |
|
|
Principals |
1 |
|
Judgements Against
Subject |
|
|
Judgements Against
Principals |
|
|
Subject Verified as
Client |
Yes |
|
Practice Number |
903709 |
|
VAT Number |
4370256721 |
|
Tax Number |
|
|
BEE Status |
|
|
Financial Year End |
Febraury |
|
No of years in Business |
3 |
|
Website |
|
|
Comment |
|
Previous Auditors
|
Company Name |
Phone Number |
Time with previous
auditors |
Comment |
|
CENTNER LEVINA AND
COMPANY |
|
14 |
|
|
R A WEBB |
|
Unknown |
|
|
SELBY AND CO |
|
14 |
|
|
Vat Number |
4230189310 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2000/03/01 |
|
Tax Number |
9190399841 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
February |
|
Comment |
|
Black Economic Empowerment
Information - No Information on Record
ISO Information - No
Information on Record
Black Economic Empowerment Information
- No Information on Record
ISO Information - No
Information on Record
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Subsidiaries Information -
No Information on Record
|
Employees |
||||
|
Number of Employees |
196 |
|||
|
1. Salaried employees |
36 |
|||
|
2. Waged employees |
160 |
|||
|
3. Permanent employees |
11 |
|||
|
4. Casual employees |
|
|||
|
5. Contracted employees |
185 |
|||
|
Comment |
|
|||
|
Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Ownerd/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
20 |
|||
|
Comment |
|
|||
|
Cars |
4 |
Leased |
|
|
|
Trucks |
16 |
Leased |
|
|
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Leased |
|
Rental Company |
CATWALK INVESTMENTS |
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
Offices and factory |
|
Comment |
|
Branch Information - No
Information on Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
DEAN WALLACE |
|
|
|
|||
|
1 |
Director |
SEAN GREVE |
|
|
|
|||
|
1 |
Director |
JOHN GREVE |
|
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 |
AVATAR |
0797346860 |
|
|
|
|
2 |
General Numetics |
0113924453 |
|
|
|
|
3 |
ALBERTON STEEL |
0119076614 |
|
|
|
Trade References Detail
|
Nr |
Age of Acc |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
5 Years |
30 Days |
R 500000 |
30 Days |
Excellent account,The
subject has a open credit limit with the supplier. |
|
2 |
5 Years |
30 Days |
R 30000 |
45 Days |
Good Account |
|
3 |
|
|
|
|
Awaiting Trade Reference |
Adverse Information on
Subject
Judgement – No Information
on Record
BusinessRescue– No
Information on Record
Default Listing – No
Information on Record
Notarilal Bonds – No
Information on Record
|
Bank |
STANDARD BANK |
|
Branch |
BEDFORDVIEW |
|
Brach Code |
051001 |
|
Bank Account Number |
020944985 |
|
Type of Account |
Current |
|
Account Name |
VULCANIA REINFORCING
COMPANY (PTY)LTD |
|
Overdraft Facilities |
None |
|
Bank Code |
Awaiting 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
|
Number of Principals |
4 |
|
Average Age of Active
Principals |
46 |
|
Active Principals
Principal - 1of 3 DEAN WALLACE |
|
|
Surname |
WALLACE |
|
First Name |
DEAN |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7103165046082 |
|
Verified ID Number |
Yes |
|
Current Age |
42 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009/11/09 |
|
Physical Address (at time
of Appointment) |
18 VOYAGER ROAD, EAST
VILLAGE, SUNWARD PARK, BOSBURG, 1470 |
|
Postal Address |
P 0 BOX 18815,
SUNWARD PARK, BOKSBURG, 1470 |
|
Current Tel Number |
0113632348 |
|
Cell number |
0794930749 |
|
Shareholding/Membership |
0.0000 |
Business Information
forDEAN WALLACE
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
RESNET TECHNOLOGIES CC |
B2007/075637/23 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
RHINO ABRASIVES CC |
B2007/077474/23 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
VULCANIA PLASTICS CC |
B2008/028993/23 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
ANORAMA TRADING CC |
B2010/087935/23 |
In Business |
3 Years 3 Months |
0 |
No |
|
|
SAKHILE REINFORCING CC |
B2010/134592/23 |
In Business |
3 Years 3 Months |
0 |
No |
|
|
RESLET123 (PTY) LTD |
K2012/084581/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
JANIVECT (PTY) LTD |
K2012/152567/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
POLYMESH (PTY) LTD |
M1992/003963/07 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
VULCANIA REINFORCING
COMPANY (PTY) LTD |
M1998/023593/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Average Age of Previous
Business 17 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DALWORICK CC |
B1996/044553/23 |
In Business |
17 Years 5 Months |
0 |
No |
|
Principal - 2of 3 SEAN
GREVE
|
Surname |
GREVE |
|
First Name |
SEAN |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7110075070086 |
|
Verified ID Number |
Yes |
|
Current Age |
42 |
|
Designation |
ACCOUNTANT |
|
Status |
Active |
|
Appointment Date |
1998/11/29 |
|
Physical Address (at time
of Appointment) |
24 PHOENIX AVENUE,
MOREHILL CLOSE, BENONI, 1500 |
|
Postal Address |
P 0 BOX 28785,
KENSINGTON, 2101 |
|
Current Tel Number |
0118171402 |
|
Cell number |
0829027901 |
|
Shareholding/Membership |
0.0000 |
Business Information
forSEAN GREVE
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
4 WELTERVERDEN WERF CC |
B2004/072024/23 |
|
9 Years 9 Months |
0 |
No |
|
|
RESNET TECHNOLOGIES CC |
B2007/075637/23 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
VULCANIA PLASTICS CC |
B2008/028993/23 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
ANORAMA TRADING CC |
B2010/087935/23 |
In Business |
3 Years 3 Months |
0 |
No |
|
|
SAKHILE REINFORCING CC |
B2010/134592/23 |
In Business |
3 Years 3 Months |
0 |
No |
|
|
RESLET123 (PTY) LTD |
K2012/084581/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
INTAMBO STEEL AND MINING
SUPPLIES (PTY)LTD |
K2012/111329/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
GRAND PRIX TRANSPORT
(PTY) LTD |
K2012/122483/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
JANIVECT (PTY) LTD |
K2012/152567/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
POLYMESH (PTY) LTD |
M1992/003963/07 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
CATWALK INVESTMENTS SEVEN
(PTY)LTD |
M1998/022275/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
VULCANIA REINFORCING
COMPANY (PTY) LTD |
M1998/023593/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
FENCE WIZE (PTY) LTD |
M1999/002132/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
STEEL STRAIGHTENERS (PTY) LTD |
M1999/007189/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
BASCOL (PTY)LTD |
M2005/034855/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
IKHAYA REINFORCING (PTY)
LTD |
M2010/001811/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
Principal Previous Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
NEW ORDER INVESTMENTS 2
(PTY) LTD |
M2006/034375/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
|
Principal - 3of 3 JOHN
GREVE |
|
|
Surname |
GREVE |
|
First Name |
JOHN |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5702205113083 |
|
Verified ID Number |
Yes |
|
Current Age |
56 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
1998/11/29 |
|
Physical Address (at time
of Appointment) |
129 WEST ROAD NORTH,
MORNINGSIDE EXT 37, 2196 |
|
Postal Address |
PO BOX 4764, RIVONIA,
RIVONIA, 2128 |
|
Current Tel Number |
0117846038 |
|
Cell number |
0836003471 |
|
Shareholding/Membership |
0.0000 |
Business Information
forJOHN GREVE
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
THE ARCHES OF RIVONIA
(PTY)LTD |
2003/007271/07 |
Deregistration Process |
10 Years 10 Months |
0 |
No |
|
|
AAAGNOLIA RIDGE
PROPERTIES 68 (PTY) LTD |
2004/005929/07 |
Deregistration Process |
9 Years 9 Months |
0 |
No |
|
|
129 WEST ROAD NORTH H 0 A
CC |
B2000/021054/23 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
4 WELTERVERDEN WERF CC |
B2004/072024/23 |
|
9 Years 9 Months |
0 |
No |
|
|
WILTON 1095 (PTY) LTD |
M1998/023349/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
VULCANIA REINFORCING
COMPANY (PTY) LTD |
M1998/023593/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
FENCE WIZE (PTY) LTD |
M1999/002132/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
DAJAMI (PTY)LTD |
M1999/015245/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
BUNKER HILLS INVESTMENTS
307 (PTY) LTD |
M2000/002851/07 |
Deregistration Process |
13 Years 1 Months |
0 |
No |
|
|
RAZORBILL PROPERTIES 82
(PTY) LTD |
M2000/004945/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
SLOANE PRECINCT OWNERS ASSOCIATION |
M2000/010146/08 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
DEVCON PROJECTS (PTY) LTD |
M2001/000524/07 |
Conversion CO/CC or CC/CO |
0 |
0 |
No |
|
|
ROYAL LINKSFIELD 534 (PTY)LTD |
M2001/004772/07 |
In Business |
0 |
0 |
No |
|
|
MIRACLE MILE INVESTMENTS
68 (PTY) LTD |
M2003/000083/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
SILVER KNIGHT PROPERTIES
57 (PTY) LTD |
M2003/000235/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
CATFISH INVESTMENTS 53 (PTY) LTD |
M2003/005587/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
VIKING PONY PROPERTIES
346 (PTY) LTD |
M2003/011565/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
ZAMORI 16 (PTY) LTD |
M2003/028534/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
MIDNIGHT STORM
INVESTMENTS 187 (PTY) LTD |
M2004/028114/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
THE SOUTH AFRICAN SPORTS
CAR EXPERIENCE (PTY) LTD |
M2004/034137/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
QUICK LEAP INVESTMENTS
371 (PTY) LTD |
M2005/007186/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
BEFORE THE WIND
INVESTMENTS 64 (PTY) LTD |
M2005/033635/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
BASCOL (PTY)LTD |
M2005/034855/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
EAGLE CREEK INVESTMENTS
502 (PTY) LTD |
M2005/043025/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
AFRICAN DUNE INVESTMENTS
19 (PTY) LTD |
M2005/043271/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
Principal Previous Business
Interest
Average Age of Previous
Business 17 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ERF 795 LONEHILL EXT 14
CC |
B1990/033160/23 |
Deregistration Final |
23 Years 11 Months |
0 |
No |
|
|
DEVCON HOLDINGS CC |
B1991/028219/23 |
Deregistration Final |
22 Years 10 Months |
0 |
No |
|
|
ASSESSED PROJECTS CC |
B1991/034204/23 |
Deregistration Final |
22 Years 10 Months |
0 |
No |
|
|
CORPCLO 32 CC |
B1997/010854/23 |
Conversion CO/CC orCC/CO |
16 Years 4 Months |
0 |
No |
|
|
I S A A PROPERTIES (PTY)
LTD |
M1968/015669/07 |
Conversion CO/CC orCC/CO |
45 Years 9 Months |
0 |
No |
|
|
DEVCON (PTY)LTD |
M1980/011489/07 |
Deregistration Final |
33 Years 9 Months |
0 |
No |
|
|
DEVPEN INVESTMENTS (PTY)
LTD |
M1989/003598/07 |
Deregistration Final |
|
0 |
No |
|
|
CONPRET INVESTMENTS (PTY)
LTD |
M1989/003628/07 |
In Business |
|
0 |
No |
|
|
ERAND 251 PROPERTY
DEVELOPMENT (PTY) LTD |
M1990/004840/07 |
Deregistration Final |
23 Years 11 Months |
0 |
No |
|
|
SOUNDPROPS1082
INVESTMENTS (PTY) LTD |
M1991/003320/07 |
Deregistration Final |
22 Years 10 Months |
0 |
No |
|
|
EQUITY AND PROPERTY
DYNAMICS (PTY) LTD |
M1991/004215/07 |
Deregistration Final |
22 Years 10 Months |
0 |
No |
|
|
ERF 26 TOWNSHIP WOODMEAD
(PTY)LTD |
M1991/004462/07 |
Deregistration Final |
22 Years 10 Months |
0 |
No |
|
|
PORTION 5-15 EDENBURG (PTY)LTD |
M1991/004463/07 |
Dissolved |
22 Years 10 Months |
0 |
No |
|
|
PORTION 67 RIVONIA EXT 3
(PTY)LTD |
M1992/001660/07 |
Deregistration Final |
21 Years 9 Months |
0 |
No |
|
|
GREVERIDGE SYNDICATE NO 1
(PTY) LTD |
M1992/002277/07 |
Deregistration Final |
21 Years 9 Months |
0 |
No |
|
|
PORTION 68 RIVONIA EXT 3
(PTY)LTD |
M1992/002738/07 |
Deregistration Final |
21 Years 9 Months |
0 |
No |
|
|
KESBLA BELEGGINGS (PTY)
LTD |
M1995/000589/07 |
Deregistration Final |
18 Years 6 Months |
0 |
No |
|
|
HOLDING 69 SUNNINGHILL
PARK (PTY) LTD |
M1995/002119/07 |
Deregistration Final |
18 Years 6 Months |
0 |
No |
|
|
STAND 4587 LA ROCCA (PTY)
LTD |
M1999/013030/07 |
Deregistration Final |
14 Years 2 Months |
0 |
No |
|
|
MARKETPRO PROPERTIES 37
(PTY) LTD |
M2000/000910/07 |
Deregistration Final |
13 Years 1 Months |
0 |
No |
|
|
CARO NOME PROPERTIES
(PTY)LTD |
M2000/008050/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
BANTRY DEVELOPMENTS (PTY)
LTD |
M2001/028601/07 |
Deregistration Final |
|
0 |
No |
|
|
KLEVEN INVESTMENTS (PTY)
LTD |
M2003/011180/07 |
Voluntary Liquidation |
10 Years 10 Months |
2 |
Yes |
|
|
RGV PROPERTIES (PTY) LTD |
M2003/012092/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
BORN FREE INVESTMENTS 434
(PTY) LTD |
M2005/033128/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.05 |
|
|
1 |
Rs.82.75 |
|
Euro |
1 |
Rs.71.61 |
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 |
|
---- |
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.