|
Report Date : |
17.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAZISTA TILES (PTY) LTD |
|
|
|
|
Registered Office : |
Mazista House, 233 Hans Strydomm North Riding, Gauteng |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
26.08.2003 |
|
|
|
|
Com. Reg. No.: |
M2003/020644/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Import and export of natural stone tiles |
|
|
|
|
No. of Employees : |
150 |
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 |
MAZISTA TILES (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
LESLEY PROCTOR - Director |
|
Assessment |
On investigation contact was made with the director LESLEY PROCTOR who assisted with the required information. This is an established business. The financial information was declined as the subject considers this to be confidential. We are awaiting 2 further trade references. Please see the available information on the subject below. |
|
Registered Name |
MAZISTA TILES (PTY)LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M2003/020644/07 |
|
Registration Date |
2003/08/26 |
|
Date Commenced Trading |
2003-08-26 |
|
Age of Business |
9 Years 9 Months |
|
History of Business |
The subject originally commenced as a business in the North West Province in 1927 and has changed style over the years. The subject was later registered as a private business in 2003. |
|
History of Principals |
There are 5 active directors within the business. |
|
Shareholders/Members/Partners of subject and % holding |
M J TULLY (Majority Shareholder), R BLAIR,
A CLEGG, M ZANATO |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R1000.00 |
|
Status |
In Business |
|
Operations Assessment |
Import and export of natural stone tiles |
|
Industry/ Customers |
Wholesalers and Retailers |
|
Export |
Yes |
|
Major Industry Code / SICC |
61909 |
|
Definition of Code |
Other wholesale trade n.e.c. |
|
Head Office Physical Address |
Mazista House, 233 Hans Strydomm North
Riding, GAUTENG |
|
Head Office Postal Address |
PO Box 333, HONEYDEW, 2040 |
|
Current Tel Number |
0119982600 |
|
Cell Number |
|
|
Current Fax Number |
0114623436 |
|
Current Email Address |
|
|
Web Site Address |
|
|
Comments |
The subject's main export countries are : Australia, New Zealand,
Middle and Far East Europe, UK, USA and Canada |
|
Company Registered Name |
ANDERSON RUCHUSSEN VAN DER BIJL INCORPORATED |
|
Trading Name |
ARB |
|
Registration Number |
1999/016240/21 |
|
Physical Address |
1st Floor, 34 Fricker Road, ILLOVO, Gauteng |
|
Postal Address |
P 0 BOX 87583, HOUGHTON, 2041 |
|
Contact Person |
Secretarial Department |
|
Contact Number |
0118805966 |
|
Email |
Unavailable |
|
Judgements Against Subject |
None on record |
|
Judgements Against Principals |
None on record |
|
Subject Verified as Client |
Yes |
|
Practice Number |
927716E |
|
VAT Number |
4030185203 |
|
Tax Number |
9292444842 |
|
BEE Status |
In Process |
|
Financial Year End |
August |
|
No of years in Business |
Unknown |
|
Website |
Unavailable |
Previous Auditors Information - No Information on Record
|
Vat Number |
4250223254 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2005/07/01 |
|
Tax Number |
9927499146 |
|
Tax Clearance Expire Date |
2013/02/28 |
|
Financial Year End |
February |
|
Comment |
|
|
Status |
Yes |
|
BEE Certificate Available |
No |
|
Type of ISO Grade |
None |
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries Information - No Information on Record
|
Employees |
||||
|
Number of Employees |
150 |
|||
|
1. Salaried employees |
75 |
|||
|
2. Waged employees |
75 |
|||
|
Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
8 |
|||
|
Comment |
|
|||
|
Light delivery Vehicles |
8 |
Owned |
|
|
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Leased |
|
Rental Company |
ONEPROPNORTHRIDING (PTY) LTD - Group Company |
|
Lease Agreement |
Ongoing |
|
Lease Expire Date |
Ongoing |
|
Type of Premises |
Warehouse and Office |
|
Branches Names |
Country |
Province |
|
AAAZISTA TILES
(PTY) LTD -Durban |
South Africa |
Kwazulu Natal |
|
AAAZISTA TILES
(PTY) LTD -Cape Town |
South Africa |
Western Cape |
|
Branches Owned/ Rented |
Leased |
|
Rental Company |
3rd Party - Name Not Available |
|
Type of Premises |
Showroom and Offices |
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
|
Director |
LESLEY PROCTOR |
|
|
|
|||
|
|
Director |
MELISSA ZANATO |
|
|
|
|||
|
|
Director |
RONALD BLAIR |
|
|
|
|||
|
|
Director |
MICHAEL TULLY |
|
|
|
|||
|
1 |
Director |
ALAN CLEGG |
|
Company Structure (Ownership)
Note: One level up and all
levels down
|
Holding |
Company |
Sub |
Comment |
|
MICHAEL TULLY (Majority Shareholder) |
MAZISTA TILES (PTY) LTD |
|
|
|
MELISSA ZANATO |
MAZISTA TILES (PTY) LTD |
|
|
|
RONALD BLAIR |
MAZISTA TILES (PTY) LTD |
|
|
|
ALAN CLEGG |
MAZISTA TILES (PTY) LTD |
|
|
Key Deals - No Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
HENNEWAYS |
0118795400 |
|
|
|
|
2 |
KING OF TILES |
0118234218 |
|
|
|
|
4 |
TAL ADHESIVES |
0113163133 |
|
|
|
|
3 |
TFC - TILE FLOOR CARE |
0118226901 |
|
|
|
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
|
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
|
4 |
10 Years |
R1000000.00 |
R 650000 |
30 Days |
R 500000 |
30 Days |
Excellent |
|
3 |
7 Years |
R100000.00 |
R186000 |
30 Days |
R2000 - 100000 |
30 Days |
Excellent Account |
Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
ABSA |
|
Branch |
RANDBURG |
|
Brach Code |
632005 |
|
Bank Account Number |
01015920579 |
|
Type of Account |
CURRENT |
|
Account Name |
MAZISTA TILES (PTY) LTD |
|
Overdraft Facilities |
Yes, secured by shareholders and debtors book |
|
Bank Code |
C - For R 1 000 000 |
|
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
|
Number of Principals |
5 |
|
Average Age of Active Principals |
51 |
|
Active
Principals Principal - 1of 5 LESLEY PROCTOR |
|
|
Surname |
PROCTOR |
|
First Name |
LESLEY |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6401100021082 |
|
Verified ID Number |
Yes |
|
Current Age |
49 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009/01/01 |
|
Physical Address (at time of Appointment) |
409 VISVANDER PLACE, FEATHERBROOKE ESTATE, MOGALE, 1746 |
|
Postal Address |
P 0 BOX 333, HONEYDEW, 2040 |
|
Current Tel Number |
0119982604 |
|
Cell number |
0828023748 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for LESLEY PROCTOR
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AAAZISTA TILES (PTY) LTD |
M2003/020644/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 2of 5
MELISSA ZANATO
|
Surname |
ZANATO |
|
First Name |
MELISSA |
|
Other Names |
None |
|
Marital Status |
Divorced |
|
ID Number |
7404010200084 |
|
Verified ID Number |
No |
|
Current Age |
39 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2006/01/03 |
|
Physical Address (at time of Appointment) |
423 HONEYDEW RD WEST, SUNDOWNER EXT 7, 2196 |
|
Postal Address |
P 0 BOX 333, HONEYDEW, 2040 |
|
Current Tel Number |
0119982600 |
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information for
MELISSA ZANATO
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AAAZISTA TILES (PTY) LTD |
M2003/020644/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 3of 5
RONALD BLAIR
|
Surname |
BLAIR |
|
First Name |
RONALD |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5405125030003 |
|
Verified ID Number |
Yes |
|
Current Age |
59 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2003/08/26 |
|
Physical Address (at time of Appointment) |
NO 3 ALFRED ROAD, RONDEBOSCH, 7700 |
|
Postal Address |
P 0 BOX 333, HONEYDEW, 2194 |
|
Current Tel Number |
0215516640 |
|
Cell number |
0825680813 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for RONALD BLAIR
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CROSS CUT CC |
B2002/068943/23 |
In Business |
10 Years 9 Months |
1 |
No |
|
|
BRONITA PROPERTIES (PTY) LTD |
M1989/005838/07 |
In Business |
23 Years 7 Months |
0 |
No |
|
|
ONEPROPNORTHRI DING (PTY)LTD |
M1997/011463/07 |
In Business |
15 Years 10 Months |
0 |
No |
|
|
AAAZISTA CAPE (PTY) LTD |
M2003/015646/07 |
In Business |
9 Years 10 Months |
0 |
No |
|
|
AAAZISTA TILES (PTY) LTD |
M2003/020644/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
BEAURIVAGE MINERAL CORPORATION (PTY) LTD |
M2006/000442/07 |
AR Final Deregistration |
7 Years 4 Months |
0 |
No |
|
|
COPPER SLATE (PTY) LTD |
M2006/019595/07 |
In Business |
6 Years 11 Months |
0 |
No |
|
|
ASPEN FLOORING (PTY) LTD |
M2010/003231/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
|
OPAL RUBY HOLDINGS 16 (PTY) LTD |
M2010/017776/07 |
In Business |
2 Years 9 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of
Previous Business 17
Years
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|||
|
THE SLATE HAVEN CC |
B1991/024331/23 |
Deregistration Final |
21 Years 8 Months |
0 |
No |
|
|||
|
MAZISTA COTTA CC |
B2002/102741/23 |
Deregistration Final |
10 Years 5 Months |
1 |
No |
|
|||
|
STONE LAND (PTY)LTD |
M1974/000135/07 |
Deregistration Final |
39 Years 2 Months |
0 |
No |
|
|||
|
MEZIVAT TILES (PTY) LTD |
M1979/000162/07 |
Deregistration Final |
34 Years 4 Months |
0 |
No |
|
|||
|
MAZISTA TRAVEL SERVICES (PTY)LTD |
M1989/002617/07 |
In Business |
24 Years |
0 |
No |
|
|||
|
COUNTRY SLATE (PTY) LTD |
M1995/000860/07 |
In Business |
18 Years 3 Months |
0 |
No |
|
|||
|
RIVETPROPS 46 (PTY) LTD |
M1995/009631/07 |
In Business |
17 Years 8 Months |
0 |
No |
|
|||
|
HARRILL SEA FOODS (PTY) LTD |
M1996/016062/07 |
Deregistration Final |
16 Years 6 Months |
0 |
No |
|
|||
|
PERFORMANCE ROOFING (PTY)LTD |
M1998/010202/07 |
Deregistration Final |
15 Years |
0 |
No |
|
|||
|
SANDY CABIN (PTY) LTD |
M1998/011917/07 |
Deregistration Final |
14 Years 11 Months |
0 |
No |
|
|||
|
SARINGA SLATE (PTY) LTD |
M1999/016400/07 |
Deregistration Process |
13 Years 10 Months |
0 |
No |
|
|||
|
BAMBOO ROCK 21 (PTY) LTD |
M2004/011547/07 |
In Business |
9 Years |
0 |
No |
|
|||
|
RIVERBED STONE (PTY) LTD |
M2004/024085/07 |
Deregistration Final |
8 Years 9 Months |
0 |
No |
|
|||
|
CONTINENTAL STONE (PTY) LTD |
M2006/033453/07 |
In Business |
6 Years 7 Months |
0 |
No |
|
|||
Principal's Deeds Information - No information on record
Principal - 4of 5
MICHAEL TULLY
|
Surname |
TULLY |
|
First Name |
MICHAEL |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7010175104084 |
|
Verified ID Number |
Yes |
|
Current Age |
43 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2003/08/26 |
|
Physical Address (at time of Appointment) |
27 GLENEAGLES, FIRST AVENUE, NORTHWOLD, 0000 |
|
Postal Address |
P O BOX 333, HONEYDEW, 2040 |
|
Current Tel Number |
0119982600 |
|
Cell number |
0832264600 |
|
Shareholding/Membership |
0.0000 |
Business Information
for MICHAEL TULLY
Principal Current
Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CROSS CUT CC |
B2002/068943/23 |
In Business |
10 Years 9 Months |
1 |
No |
|
|
LETATAPROP 1 (PTY) LTD |
M1949/032615/07 |
In Business |
64 Years 3 Months |
0 |
No |
|
|
BRONITA PROPERTIES (PTY) LTD |
M1989/005838/07 |
In Business |
23 Years 7 Months |
0 |
No |
|
|
ONEPROPNORTHRI DING (PTY)LTD |
M1997/011463/07 |
In Business |
15 Years 10 Months |
0 |
No |
|
|
AAAZISTA CAPE (PTY) LTD |
M2003/015646/07 |
In Business |
9 Years 10 Months |
0 |
No |
|
|
AAAZISTA TILES (PTY) LTD |
M2003/020644/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
BEAURIVAGE MINERAL CORPORATION (PTY) LTD |
M2006/000442/07 |
AR Final Deregistration |
7 Years 4 Months |
0 |
No |
|
|
COPPER SLATE (PTY) LTD |
M2006/019595/07 |
In Business |
6 Years 11 Months |
0 |
No |
|
|
AAAA CASA PROPS 118 (PTY)LTD |
M2006/036283/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
OPAL RUBY HOLDINGS 16 (PTY) LTD |
M2010/017776/07 |
In Business |
2 Years 9 Months |
0 |
No |
|
|
AAALLORY TRADE 43 (PTY) LTD |
M2010/022138/07 |
In Business |
2 Years 6 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 17 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|||
|
CAVITE PROPERTIES CC |
B1989/030056/23 |
Deregistration Final |
23 Years 8 Months |
0 |
No |
|
|||
|
BRYFAM CC |
B1999/047724/23 |
Deregistration Final |
13 Years 9 Months |
0 |
No |
|
|||
|
MAZISTA COTTA CC |
B2002/102741/23 |
Deregistration Final |
10 Years 5 Months |
1 |
No |
|
|||
|
STONE LAND (PTY)LTD |
M1974/000135/07 |
Deregistration Final |
39 Years 2 Months |
0 |
No |
|
|||
|
MEZIVAT TILES (PTY) LTD |
M1979/000162/07 |
Deregistration Final |
34 Years 4 Months |
0 |
No |
|
|||
|
MAZISTA TRAVEL SERVICES (PTY)LTD |
M1989/002617/07 |
In Business |
24 Years |
0 |
No |
|
|||
|
COUNTRY SLATE (PTY) LTD |
M1995/000860/07 |
In Business |
18 Years 3 Months |
0 |
No |
|
|||
|
RIVETPROPS 46 (PTY) LTD |
M1995/009631/07 |
In Business |
17 Years 8 Months |
0 |
No |
|
|||
|
HARRILL SEA FOODS (PTY) LTD |
M1996/016062/07 |
Deregistration Final |
16 Years 6 Months |
0 |
No |
|
|||
|
PERFORMANCE ROOFING (PTY)LTD |
M1998/010202/07 |
Deregistration Final |
15 Years |
0 |
No |
|
|||
|
SANDY CABIN (PTY) LTD |
M1998/011917/07 |
Deregistration Final |
14 Years 11 Months |
0 |
No |
|
|||
|
SARINGA SLATE (PTY) LTD |
M1999/016400/07 |
Deregistration Process |
13 Years 10 Months |
0 |
No |
|
|||
|
RIVERBED STONE (PTY) LTD |
M2004/024085/07 |
Deregistration Final |
8 Years 9 Months |
0 |
No |
|
|||
|
CONTINENTAL STONE (PTY) LTD |
M2006/033453/07 |
In Business |
6 Years 7 Months |
0 |
No |
|
|||
Principal's Deeds Information - No information on record
Principal - 5of 5 ALAN CLEGG
|
Surname |
CLEGG |
|
First Name |
ALAN |
|
Other Names |
None |
|
ID Number |
4807015107108 |
|
Verified ID Number |
Yes |
|
Current Age |
65 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2003/08/26 |
|
Physical Address (at time of Appointment) |
19 GRANITE ROAD, WITKOPPEN, 2068 |
|
Postal Address |
P O BOX 333, HONEYDEW, 2194 |
|
Current Tel Number |
0114650799 |
|
Cell number |
0832264597 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for ALAN CLEGG
Principal Current Business
Interests
|
Company Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
AAAZISTA TILES (PTY) LTD |
M2003/020644/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
COPPER SLATE (PTY) LTD |
M2006/019595/07 |
In Business |
6 Years 11 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 |
|
MAZISTA COTTA CC |
B2002/102741/23 |
Deregistration Final |
10 Years 5 Months |
1 |
No |
|
|
STONE LAND (PTY)LTD |
M1974/000135/07 |
Deregistration Final |
39 Years 2 Months |
0 |
No |
|
|
COUNTRY SLATE (PTY) LTD |
M1995/000860/07 |
In Business |
18 Years 3 Months |
0 |
No |
|
|
RIVETPROPS 46 (PTY) LTD |
M1995/009631/07 |
In Business |
17 Years 8 Months |
0 |
No |
|
|
CONTINENTAL STONE (PTY) LTD |
M2006/033453/07 |
In Business |
6 Years 7 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.77 |
|
UK Pound |
1 |
Rs.83.31 |
|
Euro |
1 |
Rs.70.46 |
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.