MIRA INFORM REPORT
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Report Date : |
25.01.2014 |
IDENTIFICATION DETAILS
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Name : |
PLASTICOLORS (PTY)LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10.03.1995 |
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Com. Reg. No.: |
M1995/002165/07 |
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Legal Form : |
Private Company |
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Line of Business : |
· subject specializes in the supply of customized masterbatches, liquids, pigments and various additives. Manufacturer of plastics in
primary form and of synthetic rubber |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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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 |
PLASTICOLORS (PTY)LTD |
|
Country |
South Africa |
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Subject Contact Person |
Accounts |
|
Assessment |
This is an established business. On investigation contact was made with the accounts department who assisted with the basic information. Further information can only be provided by the financial manger who will return to the office on the 27th of January 2014. Further investigations will then made implemented. Please see the available information below. |
|
Registered Name |
PLASTICOLORS (PTY)LTD |
|
Trading as/ Division Name |
PLASTICOLORS |
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Previous Name |
Unavailable |
|
Date of Name Change |
1995-03-10 |
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Registration Number |
M1995/002165/07 |
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Registration Date |
1995/03/10 |
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Date Commenced Trading |
1995-03-10 |
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Age of Business |
18 Years 10 Months |
|
History of Business |
The subject commenced trading as a new company in 1995. |
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History of Principals |
There are 4 active directors within the business. |
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Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Authorised Share Capital |
R 0.00 |
|
Issued Share Capital/Members Contribution |
R 0.00 |
|
Status |
In Business |
|
Operations Assessment |
The subject specializes in the supply of customized masterbatches, liquids, pigments and various additives. |
|
Industry/ Customers |
International corporates and conglomerates |
|
Export |
Yes |
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Import |
Unknown |
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Major Industry Code / SICC |
33430 |
|
Definition of Code |
Manufacture of plastics in primary form
and of synthetic rubber |
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Head Office Physical Address |
38 MOPEDI ROAD, SEBENZA, 1613 |
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Head Office Postal Address |
P O BOX 8600, EDENGLEN, 1613 |
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Current Tel Number |
0114526940 |
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Cell Number |
0825520726 |
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Current Fax Number |
0116095960 |
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Current Email Address |
Unavailable |
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Web Site Address |
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Company Registered Name |
HARRIS DOWDEN AND FONTEINE |
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Trading Name |
Unavailable |
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Registration Number |
Unavailable |
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Physical Address |
7 Pam Road, SANDTON, 2196 |
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Postal Address |
PO Box 657729, BENMORE, 2010 |
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Contact Person |
Unavailable |
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Contact Number |
0118847373 |
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Email |
|
|
Judgements Against Subject |
None On Record |
|
Judgements Against Principals |
None On Record |
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Practice Number |
943703 |
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VAT Number |
Unavailable |
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Tax Number |
Unavailable |
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BEE Status |
Unavailable |
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Financial Year End |
Unavailable |
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No of years in Business |
18 Years 3 Months |
|
Website |
Unavailable |
Previous Auditors Information - No Information on Record
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Vat Number |
4460119862 |
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Status |
ACTIVE |
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Vat Liable Date |
1991/09/30 |
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Tax Number |
9085461201 |
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Financial Year End |
December |
Black Economic
Empowerment Information - No Information on Record
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Type of ISO Grade |
9001 |
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ISO Certificate |
Yes |
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ISO Certificate Available |
No |
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Certified by an Accredited Agent |
Yes |
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Comment |
The subject has maintained and improved it's ISO rating since 1995 on
an annual basis |
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Registered |
Yes |
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Compliance Certified |
Yes |
Subsidiaries Information - No Information on Record
Employees Information - No Information on Record
Company Fleet Information - No Information on Record
Offices Information - No Information on Record
Branch Information - No Information on Record
Organisational Chart - No Information on Record
Company Structure Information - No Information on Record
Note:
One level up and all levels down
Key Deals - No Information on Record
Trade References Information - No Information on Record
Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
Bank Information -
No Information on Record
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 |
50 |
Active Principals Principal - 1 of 4 MICHELLE FLEMING
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Surname |
FLEMING |
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First Name |
MICHELLE |
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Other Names |
None |
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ID Number |
8302250203082 |
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Verified ID Number |
Yes |
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Current Age |
30 Years 11 Months |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2010/01/01 |
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Physical Address (at time of Appointment) |
276 PALAMINO ROAD, BEAULIEU, KYALAMI, GAUTENG, 1685 |
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Postal Address |
P O BOX 8600, EDENGLEN, JOHANNESBURG, GAUTENG, 1613 |
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Current Tel Number |
0114526940 |
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Cell number |
0833903319 |
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Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for MICHELLE FLEMING
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
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EQUI-COOL HYDROTHERAPY SPAS (PTY)LTD |
K2013/227973/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
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PLASTICOLORS (PTY)LTD |
M1995/002165/07 |
In Business |
19 Years 7 Months |
0 |
No |
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Principal - 2 of 4 MICHAEL MAINE
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Surname |
MAINE |
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First Name |
MICHAEL |
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Other Names |
None |
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ID Number |
7707205127080 |
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Verified ID Number |
Yes |
|
Current Age |
36 Years 6 Months |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2003/01/01 |
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Physical Address (at time of Appointment) |
9 PONT ROAD, BRYANSTON, 2191 |
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Postal Address |
P O BOX 8600, EDENGLEN, 1613 |
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Current Tel Number |
0110211438 |
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Cell number |
0827877112 |
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Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for MICHAEL MAINE
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
PLASTICOLORS (PTY)LTD |
M1995/002165/07 |
In Business |
19 Years 7 Months |
0 |
No |
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Principal Previous Business Interests
Average Age of Previous Business 10 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
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BOOSTED PERFORMANCE (PTY)LTD |
2004/001608/07 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
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Principal Deeds
Information
Property Interests
for MICHAEL MAINE
|
Title Deed No. |
T46074/2011 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
9 EAST POINT BRYANSTON SANDTON |
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Property Type |
Freehold |
Extent / Size |
3981.0SQM |
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Purchase Date |
2011/03/14 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
FIRSTRAND BANK LTD |
|
Bond Number |
B298202011 |
Bond Amount |
|
Principal - 3 of 4
DAVID RULE
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Surname |
RULE |
|
First Name |
DAVID |
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Other Names |
None |
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ID Number |
4610215102106 |
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Verified ID Number |
Yes |
|
Current Age |
67 Years 3 Months |
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Designation |
Director |
|
Status |
Active |
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Appointment Date |
1997/10/31 |
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Physical Address (at time of Appointment) |
23 LUDERITZ STREET, WENDYWOOD X 3, 2000 |
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Postal Address |
P O BOX 532, WENDYWOOD, 2144 |
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Current Tel Number |
0118642660 |
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Cell number |
0824117679 |
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Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for DAVID RULE
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
PLASTICOLORS (PTY)LTD |
M1995/002165/07 |
In Business |
19 Years 7 Months |
0 |
No |
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Principal Previous Business Interests
Average Age of Previous Business 35
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
THE PLASTICS FEDERATION OF SOUTH AFRICA |
M1979/006067/08 |
In Business |
35 Years 11 Months |
0 |
No |
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Principal - 4 of 4
HEATHER MAINE
|
Surname |
MAINE |
|
First Name |
HEATHER |
|
Other Names |
ARLENE |
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ID Number |
4803155022000 |
|
Verified ID Number |
No |
|
Current Age |
65 Years 10 Months |
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Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1995/03/10 |
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Physical Address (at time of Appointment) |
27 FERRERO STREET, EDENGLEN, |
|
Postal Address |
PO BOX 8600, EDENGLEN, 1613 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for HEATHER MAINE
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
311 SPUR ROAD
KYALAMI (PTY)LTD |
M1998/018284/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
C P V PROPERTIES (PTY)LTD |
M1995/002393/07 |
In Business |
19 Years 7 Months |
0 |
No |
|
|
MOGWELE TRADING 321 (PTY)LTD |
M2005/035140/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
N3 DM SYNDICATE CC |
B1996/038784/23 |
In Business |
18 Years 6 Months |
0 |
No |
|
|
PLASTICOLORS (PTY)LTD |
M1995/002165/07 |
In Business |
19 Years 7 Months |
0 |
No |
|
|
Q C MAINE TRADING AS QUINN AIR |
4803155022000 |
|
Unknown |
0 |
No |
|
|
QUINN AIR |
4803155022000 |
|
Unknown |
0 |
No |
|
|
TREVARNO VALLE |
4803155022000 |
|
Unknown |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 13 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ADS-IN-MOTION (PTY)LTD |
M2004/035400/07 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
|
|
BOOSTED PERFORMANCE (PTY)LTD |
2004/001608/07 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
|
|
FRIEDCORP 371 CC |
B2006/202907/23 |
Deregistration Final |
8 Years 8 Months |
0 |
No |
|
|
PLASTICOLORS ENGINEERING POLYMERS CC |
B1989/009555/23 |
Deregistration Final |
25 Years 1 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
UK Pound |
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.09 |
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.