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Report Date : |
15.01.2014 |
IDENTIFICATION DETAILS
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Name : |
BLOSSOM HILL TRADING 3 CC |
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Registered Office : |
6 Simmons Drivesouthway Parkcentral |
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Country : |
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Date of Incorporation : |
06.08.2007 |
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Com. Reg. No.: |
B2007/150542/23 |
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Legal Form : |
Private Company |
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Line of Business : |
· Engaged in wholesaling in furniture, lighting and decor retailers Wholesale trade in household furniture requisites and
appliances |
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No. of Employees : |
07 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
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Subject Name |
BLOSSOM HILL TRADING 3 CC |
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Country |
South Africa |
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Subject Contact Person |
ANTOINE ROBERT DESFONTAINES- Member |
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Assessment |
This is an established business. On investigation contact was made with ANTOINE ROBERT DESFONTAINES, a member who assisted with the required information, the financial information was however unavailable as this is considered to be confidential. The subject could not provide any further suppliers as none were available. Please find the available information obtained below. |
|
Registered Name |
BLOSSOM HILL TRADING 3 CC |
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Trading as/ Division Name |
LA-BASSE-COUR |
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Registration Number |
B2007/150542/23 |
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Registration Date |
2007/08/06 |
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Date Commenced Trading |
2007-08-06 |
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Age of Business |
6 Years 5 Months |
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History of Business |
The business was established in 2007 |
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History of Principals |
There is 1 active principal within the subject |
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Shareholders/Members/Partners of subject and % holding |
100%- ANTOINE ROBERT DESFONTAINES |
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Status |
In Business |
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Operations Assessment |
The subjects main operation is wholesaling in furniture, lighting and decor retailers |
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Industry/ Customers |
designers, decorators and the Public |
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Import |
Yes |
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Import Countries |
China, India |
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Major Industry Code / SICC |
61391 |
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Definition of Code |
Wholesale trade in household furniture requisites and appliances |
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Head Office Physical Address |
6 SIMMONS DRIVESOUTHWAY PARKCENTRALJOHANNESBURG2001 |
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Head Office Postal Address |
PO BOX 291480 MELVILLE 2109 |
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Current Tel Number |
0114822707 |
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Cell Number |
0828209246 |
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Current Fax Number |
0114823056 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
WIN WIN ACCOUNTING AND TAX SERVICES CC |
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Registration Number |
1999/023030/23 |
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Physical Address |
202 BEYERS NAUDE DRIVENORTHCLIFFJOHANNESBURG2195 |
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Postal Address |
PO BOX 44906LINDEN2104 |
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Contact Person |
AMC DIEELING |
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Contact Number |
0114776123 |
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Email |
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Subject Verified as Client |
Yes |
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Practice Number |
Unavailable |
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VAT Number |
4890182514 |
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Tax Number |
9374427848 |
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BEE Status |
|
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Financial Year End |
FEBRUARY |
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No of years in Business |
14 Years 9 Months |
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Website |
Previous Auditors Information - No Information on Record
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Vat Number |
4930240314 |
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Status |
ACTIVE |
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Vat Liable Date |
2007/09/01 |
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Tax Number |
9279594163 |
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Financial Year End |
February |
Black Economic Empowerment Information - No Information on Record
ISO Information - No
Information on Record
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Registered |
Yes |
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Compliance Certified |
Yes |
Subsidiaries Information - No Information on Record
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Employees |
||||
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Number of Employees |
7 |
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1. Salaried employees |
7 |
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2. Waged employees |
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3. Permanent employees |
7 |
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Company Fleet |
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Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
1 |
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Comment |
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Light delivery Vehicles |
1 |
Owned |
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Offices
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Offices |
Offices |
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Head Office Owned/ Rented |
Leased |
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Rental Company |
Kouper lee |
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Type of Premises |
Warehouse with Offices |
Branch Information -
No Information on Record
Organisation Chart
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Level |
Position |
Name |
Comment |
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|||
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1 |
Member |
ANTOINE ROBERT DESFONTAINES |
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Company Structure
Information - No Information on Record
Note:
One level up and all levels down
Key Deals - No
Information on Record
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
KOUPER LEE |
0113273910 |
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average |
Terms Taken |
Comment |
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Purchases |
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7 years |
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30 |
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30 |
The subject does not have a credit limit. Further amounts were not disclosed. |
Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
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Bank |
ABSA |
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Branch |
MELVILLE |
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Brach Code |
632005 |
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Bank Account Number |
4069476672 |
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Type of Account |
CURRENT ACCOUNT |
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Account Name |
BLOSSOM HILL TRADING 3CC |
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Overdraft Facilities |
YES |
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Bank Code |
C-FOR 10000 |
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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
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Number of Principals |
1 |
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Average Age of Active Principals |
60 |
Active Principals
Principal - 1of 1 ANTOINE DESFONTAINES
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Surname |
DESFONTAINES |
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First Name |
ANTOINE |
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Other Names |
ROBERT |
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Marital Status |
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ID Number |
5406135145088 |
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Verified ID Number |
Yes |
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Current Age |
59 Years 7 Months |
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Designation |
MEMBER |
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Status |
Active |
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Appointment Date |
2007/09/03 |
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Physical Address (at time of Appointment) |
NO. 1 GEORGE REX DRIVE THE HEADSKNYSNA6570 |
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Postal Address |
PO BOX 2263KNYSNA6570 |
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Current Tel Number |
0114822707 |
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Cell number |
0828209246 |
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Shareholding/Membership |
100.00 |
Principal's Adverse -
No information on record
Business Information
for ANTOINE DESFONTAINES
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BLOSSOM HILL TRADING 3 CC |
B2007/150542/23 |
In Business |
7 Years 7 Months |
0 |
No |
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CRYSTAL LAGOON INVESTMENTS 229 CC |
B2007/147380/23 |
Deregistration Process |
7 Years 7 Months |
0 |
No |
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Principal Previous Business Interests
Average Age of Previous Business 21 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
NEW HEIGHTS 1284 CC |
B2001/015397/23 |
Deregistration Final |
13 Years 1 Months |
0 |
No |
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NEWMAN PROPERTIES CC |
B1992/011292/23 |
In Business |
22 Years 10 Months |
0 |
No |
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YORK CLOTHING (PTY) LTD |
M1984/011582/07 |
Deregistration Final |
30 Years 6 Months |
0 |
No |
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Principal Deeds Information
Property Interests
for ANTOINE DESFONTAINES
|
Title Deed No. |
ST56570/2007 |
Erf/Site No. |
11,19 |
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Deeds Office |
JOHANNESBURG |
Physical Address |
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Property Type |
Sectional Title |
Extent / Size |
177.0SQM |
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Purchase Date |
2007/06/12 |
Purchase price |
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% Ownership |
0.00 |
Bond Holder |
FIRSTRAND BANK LTD |
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Bond Number |
SB817042007 |
Bond Amount |
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Property Interests for ANTOINE DESFONTAINES
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Title Deed No. |
T80138/2012 |
Erf/Site No. |
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Deeds Office |
CAPE TOWN |
Physical Address |
1 GEORGE REX KNYSNA KNYSNA |
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Property Type |
Freehold |
Extent / Size |
514.0SQM |
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Purchase Date |
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Purchase price |
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% Ownership |
0.00 |
Bond Holder |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.59 |
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UK Pound |
1 |
Rs.101.09 |
|
Euro |
1 |
Rs.83.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.