|
Report Date : |
23.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SKILLCRAFT
AGENCIES (PTY)LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
04.12.1991 |
|
|
|
|
Com. Reg. No.: |
M1991/006973/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
The
subject is a wholesaler of tools and general hardware |
|
|
|
|
No. of Employees : |
76 |
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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. 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 |
SKILLCRAFT ANGENCIES (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
LYNNE BERMINGHAM - Financial Manager |
|
Assessment |
On investigation contact was made with LYNNE BERMINGHAM the
financial manager who assisted with most of the required information, she
however declined to assist with banking information. The subject is meeting
commitments timeously with suppliers. Please see the available information on
the subject below. |
|
Registered Name |
SKILLCRAFT AGENCIES (PTY)LTD |
|
Trading as/ Division Name |
SKILLCRAFT AGENCIES |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M1991/006973/07 |
|
Registration Date |
1991/12/04 |
|
Date Commenced Trading |
1991-12-04 |
|
Age of Business |
21 Years 10 Months |
|
History of Business |
The subject commenced trading as a new company in 1991. |
|
History of Principals |
There are 3 active directors within the company. |
|
Shareholders/Members/Partners of subject and % holding |
50 % - GAVIN HANSJEE, 45 % - ANGELOS KOMNINOS, 5 % - PETER ROODT |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations Assessment |
The subject is a wholesaler of tools and general hardware |
|
Industry/ Customers |
All Major engineering firms |
|
Export |
Yes |
|
Import |
Yes |
|
Major Industry Code / SICC |
61430 |
|
Definition of Code |
Wholesale trade in construction materials, hardware,
plumbing and heating equipment and supplies |
|
Head Office Physical Address |
95 Turfontein Road, TURFONTIEN, JOHANNESBURG |
|
Head Office Postal Address |
PO Box 74212, TURFONTEIN, 2140 |
|
Current Tel Number |
0116838237 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0114341619 |
|
Current Email Address |
|
|
Web Site Address |
Unavailable |
|
Company Registered Name |
PRICE WATER HOUSE COOPERS INC |
|
Trading Name |
PWC |
|
Registration Number |
1998/012055/21 |
|
Physical Address |
144 Kerk Street, Rustenburg, 0299, SOUTH AFRICA |
|
Postal Address |
Private BagX82105, Rustenburg, 0300, SOUTH AFRICA |
|
Contact Person |
Unavailable |
|
Contact Number |
0148130200 |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements Against Subject |
None On Record |
|
Judgements Against Principals |
None On Record |
|
Subject Verified as Client |
Yes |
|
Practice Number |
Unavailable |
|
VAT Number |
4950174682 |
|
Tax Number |
9343032844 |
|
BEE Status |
Unavailable |
|
Financial Year End |
June |
|
No of years in Business |
Unavailable |
|
Website |
|
|
Comment |
|
Previous
Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
G
H WOEST AND CO |
|
22
Years 6 Months |
|
|
Vat
Number |
4210130342 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1992/03/01 |
|
Tax
Number |
9180093651 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
June |
|
Comment |
|
Black Economic
Empowerment Information - No Information on Record
ISO Information - No
Information on Record
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
|
Employees |
||||
|
Number
of Employees |
76 |
|||
|
1.
Salaried employees |
76 |
|||
|
2.
Waged employees |
|
|||
|
3.
Permanent employees |
76 |
|||
|
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 |
5 |
|||
|
Comment |
|
|||
|
Light
delivery Vehicles |
3 |
Owned |
|
|
|
Trucks |
2 |
Owned |
|
|
|
Offices |
Offices |
|
|
Head
Office Owned/ Rented |
Leased |
|
|
Rental
Company |
BENRAY |
|
|
Owned
by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
Unavailable |
|
|
Lease
Expire Date |
Unavailable |
|
|
Type
of Premises |
Offices
and a Warehouse |
|
|
Comment |
|
|
|
Branch
Information |
||
|
Branches
Names |
Country |
Province |
|
SKILL
CRAFT ANGENCIES (PTY) LTD |
South
Africa |
CAPE
TOWN |
|
Branch
Detail Information |
||
|
Branches
Owned/ Rented |
Leased |
|
|
Rental
Company |
MONTPROP |
|
|
Owned
by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type
of Premises |
Offices
and a Warehouse |
|
|
Comment |
|
|
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Managing
Director |
GAVIN
HANSJEE |
|
|
|
|||
|
2 |
Director |
ANGELOS
KOMNINOS |
|
|
|
|||
|
2 |
Director |
PETER
ROODT |
|
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
50 % - GAVIN
HANSJEE |
SKILLCRAFT AGENCIES (PTY) LTD |
|
|
|
45 % - ANGELOS
KOMNINOS |
SKILLCRAFT AGENCIES (PTY) LTD |
|
|
|
5 % - PETER
ROODT |
SKILLCRAFT AGENCIES (PTY) LTD |
|
|
Key Deals -
No Information on Record
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
TO
DOOR TOOLS |
0317053587 |
|
|
|
|
2 |
ASSAABLOY |
0117615099 |
|
|
|
|
3 |
STANDLEY |
0114720454 |
|
|
|
Trade
References Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
15
Years |
|
R
800000 |
30
Days |
R
500000 |
30
Days |
Excellent
account |
|
2 |
20
Years |
R1500000.00 |
R
900000 |
30
Days |
R
315000 |
30
Days |
Excellent
account |
|
3 |
9
Years |
|
|
30
Days |
|
30
Days |
Very
Good account. The figures are considered to be confidential. |
Judgements -
No information on record
Default
Listing – No information on record
Default
Listing - No information on record
Financial
Estimates
|
CURRENT
ASSETS |
R
40000000.00 |
|
Stock |
|
|
Debtors |
|
|
FIXED
ASSETS |
R
40000000.00 |
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/
From? |
|
|
Loan
Details |
|
|
LONG TERM
LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
R100000000.00 |
|
Estimated
Current Year Turnover |
R110000000.00 |
|
Current
Turnover per month |
|
|
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 |
|
Number of Principals |
3 |
|
Average Age of Active Principals |
67 |
|
Active Principals Principal - 1of 3 GAVIN HANSJEE |
|
|
Surname |
HANSJEE |
|
First Name |
GAVIN |
|
Other Names |
NONE |
|
Marital Status |
|
|
ID Number |
4912075576084 |
|
Verified ID Number |
Yes |
|
Current Age |
63 Years 10 Months |
|
Designation |
Managing Director |
|
Status |
Active |
|
Appointment Date |
2010/01/01 |
|
Physical Address (at time of Appointment) |
31 CHEETAH AVENUE, LENASIA X5, 1827 |
|
Postal Address |
P.O. BOX 1093, RANDFONTEIN, RANDFONTEIN, 1760 |
|
Current Tel Number |
0114121020 |
|
Cell number |
0824472183 |
|
Shareholding/Membership |
50% |
Business
Information forGAVIN HANSJEE
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
GEM TOOL COMPANY (PTY) LTD |
M2009/006372/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
GENERAL ELECTRICAL MECHANICAL TOOL AND ENGINEERING
MANUFACTURERS (PTY) LTD |
M1981/004570/07 |
In Business |
32 Years 8 Months |
0 |
No |
|
|
MAKONA HARDWARE AND INDUSTRIAL (MPUMALANGA) (PTY) LTD |
M1997/011895/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
MAKONA HARDWARE AND INDUSTRIAL (PTY) LTD |
M1989/005485/07 |
In Business |
0 |
0 |
No |
|
|
SKILLCRAFT AGENCIES (PTY) LTD |
M1991/006973/07 |
In Business |
22 Years 10 Months |
0 |
No |
|
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GEM TOOL COMPANY (PTY) LTD |
M2009/006372/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
GENERAL ELECTRICAL MECHANICAL TOOL AND ENGINEERING
MANUFACTURERS (PTY) LTD |
M1981/004570/07 |
In Business |
32 Years 8 Months |
0 |
No |
|
|
MAKONA HARDWARE AND INDUSTRIAL (MPUMALANGA) (PTY) LTD |
M1997/011895/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
MAKONA HARDWARE AND INDUSTRIAL (PTY) LTD |
M1989/005485/07 |
In Business |
0 |
0 |
No |
|
|
SKILLCRAFT AGENCIES (PTY) LTD |
M1991/006973/07 |
In Business |
22 Years 10 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interest
Average Age of Previous Business 34 Years
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
MAN-DIRK (RF) (PTY) LTD |
M1979/007014/07 |
In
Business |
34 Years 10 Months |
0 |
No |
|
Principal - 2of
3 PETER ROODT
|
Surname |
ROODT |
|
First Name |
PETER |
|
Other Names |
NONE |
|
Marital Status |
|
|
ID Number |
4606125079004 |
|
Verified ID Number |
Yes |
|
Current Age |
66 Years 10 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1993/08/18 |
|
Physical Address (at time of Appointment) |
1 SYDNEY CARTER STREET, ROOSEVELTPARK, JOHANNESBURG, 2000 |
|
Postal Address |
PO BOX 731399, FAIRLAND, 2030 |
|
Current Tel Number |
0116838237 |
|
Cell number |
0825578676 |
|
Shareholding/Membership |
5 % |
Business
Information forPETER ROODT
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
LERATA IRONMONGERY AND HARDWARE (PTY) LTD |
M1981/009865/07 |
In Business |
32 Years 8 Months |
0 |
No |
|
|
SKILLCRAFT AGENCIES (PTY) LTD |
M1991/006973/07 |
In Business |
22 Years 10 Months |
0 |
No |
|
|
SNOWY OWL PROPERTIES 212 (PTY) LTD |
M2002/019765/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
Principal
Previous Business Interest
Average Age of Previous Business 25 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ANGECOR LTD |
M1997/010032/06 |
Deregistration
Final |
16 Years 4 Months |
0 |
No |
|
|
C
C L SOUTH AFRICA (PTY) LTD |
M1968/006309/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
EPWIN ENGINEERING TRADING (PTY)LTD |
M1991/004952/07 |
In Business |
22
Years 10 Months |
0 |
No |
|
|
FOUR
RIVERS TRADING 333 (PTY)LTD |
2007/029745/07 |
Deregistration
Final |
6 Years 6 Months |
0 |
No |
|
|
GREY IMPACT (PTY) LTD |
M1981/012532/07 |
Deregistration Final |
32 Years 8 Months |
0 |
No |
|
|
MAN-DIRK (RF) (PTY) LTD |
M1979/007014/07 |
In Business |
34 Years 10 Months |
0 |
No |
|
|
METRIC AND IMPERIAL TOOL SYSTEMS (PTY) LTD |
M1991/007064/07 |
In Business |
22 Years 10 Months |
0 |
No |
|
|
STEAM
AND VALVE SPECIALISTS (PTY)LTD |
M1978/003632/07 |
In Business |
35 Years 11 Months |
0 |
No |
|
|
SUPA-LOK (PTY)LTD |
M1981/001535/07 |
Deregistration
Final |
32 Years 8 Months |
0 |
No |
|
|
SUPERTOOL
DISTRIBUTORS (PTY) LTD |
M1989/003787/07 |
Deregistration
Final |
|
0 |
No |
|
|
TOOL AND ELECTRICAL DISTRIBUTORS (PTY) LTD |
M1980/000658/07 |
In Business |
33 Years 9 Months |
0 |
No |
|
|
Principal - 3of 3 KOMNINOS ANGELOS |
|
|
Surname |
ANGELOS |
|
First Name |
KOMNINOS |
|
Other Names |
NONE |
|
Marital Status |
|
|
ID Number |
4210125017104 |
|
Verified ID Number |
Yes |
|
Current Age |
71 Years |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1992/03/09 |
|
Physical Address (at time of Appointment) |
28 JOSEPH AVENEU, NORTHCLIFF, JOHANNESBURG, 2000 |
|
Postal Address |
P.O. BOX 1093, RANDFONTEIN, 1760 |
|
Current Tel Number |
0114121020 |
|
Cell number |
0825578674 |
|
Shareholding/Membership |
45 % |
Business
Information forKOMNINOS ANGELOS Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BENRAY INVESTMENTS (PTY) LTD |
M1992/006406/07 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
C C L SOUTH AFRICA (PTY)LTD |
M1968/006309/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
CCL EXPORTS (PTY) LTD |
M1997/016525/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
ENTRADE VALVE AND ENGINEERING SUPPLIES (PTY)LTD |
M1994/010807/07 |
In Business |
19 Years 7 Months |
0 |
No |
|
|
EPWIN ENGINEERING TRADING (PTY)LTD |
M1991/004952/07 |
In Business |
22 Years 10 Months |
0 |
No |
|
|
EZILOAD MINING (PTY) LTD |
M2009/024480/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
GDP INVESTMENTS CC |
B1991/025147/23 |
In Business |
22 Years 10 Months |
0 |
No |
|
|
GENESIS INSURANCE BROKERS (PTY)LTD |
M1994/001123/07 |
In Business |
19 Years 7 Months |
0 |
No |
|
|
GRADOVOX (PTY) LTD |
K2011/137209/07 |
In Business |
2 Years 2 Months |
0 |
No |
|
|
MAN-DIRK (RF) (PTY) LTD |
M1979/007014/07 |
In Business |
34 Years 10 Months |
0 |
No |
|
|
METEORA INVESTMENTS (PTY) LTD |
M1997/003133/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
METRIC AND IMPERIAL TOOL SYSTEMS (PTY)LTD |
M1991/007064/07 |
In Business |
22 Years 10 Months |
0 |
No |
|
|
MRO AFRICA HOLDINGS LTD |
M2007/024333/06 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
NORTHCLIFF RIDGE ECOPARK |
M2010/022936/08 |
In Business |
3 Years 3 Months |
0 |
No |
|
|
NORTHPARK TRADING 78 (PTY) LTD |
M2002/030096/07 |
Deregistration Process |
11 Years 11 Months |
0 |
No |
|
|
NTOMA LODGE (PTY) LTD |
M2000/030916/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
SIMBAMBILI LODGE (PTY) LTD |
M1998/018385/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
SIMBAMBILI LODGE PROPERTIES (PTY) LTD |
M1997/009563/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
SKILLCRAFT AGENCIES (PTY) LTD |
M1991/006973/07 |
In Business |
22 Years 10 Months |
0 |
No |
|
|
SKILPROP INVESTMENTS (PTY) LTD |
M1995/013399/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
|
STEAM AND VALVE SPECIALISTS (PTY) LTD |
M1978/003632/07 |
In Business |
35 Years 11 Months |
0 |
No |
|
|
TITAN MINING (PTY) LTD |
M2001/007512/07 |
In Business |
0 |
0 |
No |
|
|
TOOL AND ELECTRICAL DISTRIBUTORS (PTY) LTD |
M1980/000658/07 |
In Business |
33 Years 9 Months |
0 |
No |
|
|
WTFM INVESTMENTS
(PTY) LTD |
M1989/007217/07 |
In Business |
0 |
0 |
No |
|
|
WOEMA TRADING 511 (PTY) LTD |
2006/007078/07 |
In Business |
7 Years 7 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 |
||||
|
ANGECOR LTD |
M1997/010032/06 |
Deregistration Final |
16 Years 4 Months |
0 |
No |
|
||||
|
GREY IMPACT (PTY) LTD |
M1981/012532/07 |
Deregistration
Final |
32 Years 8 Months |
0 |
No |
|
||||
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HOME
HARDWARE STORES (SOUTHERN AFRICA) (PTY)LTD |
M1996/002325/07 |
Deregistration
Final |
17 Years 5 Months |
0 |
No |
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LERATA IRONMONGERY AND HARDWARE (PTY)LTD |
M1981/009865/07 |
In Business |
32 Years 8 Months |
0 |
No |
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LIMOSA
INVESTMENTS 98 (PTY)LTD |
M2001/019111/07 |
Deregistration
Final |
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0 |
No |
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ONTRAK INVESTMENTS 158 (PTY)LTD |
M2002/006177/07 |
Deregistration
Process |
11 Years 11 Months |
0 |
No |
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PROCUREWEB (PTY) LTD |
M1996/012120/07 |
Deregistration Final |
17 Years 5 Months |
0 |
No |
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SUPA-LOK (PTY)LTD |
M1981/001535/07 |
Deregistration Final |
32 Years 8 Months |
0 |
No |
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SUPERTOOL DISTRIBUTORS (PTY) LTD |
M1989/003787/07 |
Deregistration Final |
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0 |
No |
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VICTON INVESTMENTS (PTY)
LTD |
M1994/000649/07 |
In Business |
19 Years 7 Months |
0 |
No |
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WELLFIND S A |
M1992/002338/07 |
Deregistration |
21 Years 9 Months |
0 |
No |
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(PTY) LTD |
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Final |
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Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.78 |
|
|
1 |
Rs.99.66 |
|
Euro |
1 |
Rs.84.49 |
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 |
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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.