|
Report Date : |
02.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
R W W ENGINEERING
(PTY)LTD |
|
|
|
|
Registered Office : |
50 Mount Ida Road, Robertsham, Johannesburg, 2100 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
22.10.1986 |
|
|
|
|
Com. Reg. No.: |
M1986/004209/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Engaged in manufacturing a range of products, which are supplied to the customers directly or utilized in their own turnkey projects, these include:- Low Voltage motor starting panels, Medium Voltage motor starting panels, 11kV & 24kV Medium voltage switchgear and circuit breakers (Merlin Gerin NEX metal-clad switchgear) Automatic PLC control panels, Active filtering systems, Variable speed drives for slip ring motors typically 3-5MW, using liquid rotor controllers, Liquid resistance motor starters for slip ring motors, The largest built in S.A. is for a 15MW compressor, Local assembly of Nokian low voltage capacitors, Low, medium and high Voltage reactive power compensation and harmonic filtering equipment, and Mobile 11kV automatic Power Factors. |
|
|
|
|
No of Employees : |
92 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 16th largest in the
world. Even though the country's modern infrastructure supports a relatively
efficient distribution of goods to major urban centers throughout the region,
unstable electricity supplies retard growth. The global financial crisis
reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has
recovered since then, albeit slowly with 2014 growth projected at about 2%.
Unemployment, poverty, and inequality - among the highest in the world - remain
a challenge. Official unemployment is at nearly 25% of the work force, and runs
significantly higher among black youth. Eskom, the state-run power company, has
built two new power stations and installed new power demand management programs
to improve power grid reliability. Construction delays at two additional
plants, however, mean South Africa is operating on a razor thin margin;
economists judge that growth cannot exceed 3% until those plants come on line.
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 |
R W W ENGINEERING (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
AFTAAB SAIB - Financial Director |
|
Assessment |
This is a well-established business. On investigation contact was made with AFTAAB SAIB, the financial director who stated that we should contact him in a weeks time, as he is busy with the company's year end financials. Please see the available information on the subject below. |
|
Registered Name |
R W W ENGINEERING (PTY)LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M1986/004209/07 |
|
Registration Date |
1986/10/22 |
|
Date Commenced Trading |
1986-10-22 |
|
Age of Business |
27 Years 6 Months |
|
History of Business |
The subject commenced trading as a new company in 1986. |
|
History of Principals |
There are 3 active principals within the company. |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Status |
In Business |
|
Operations Assessment |
The subject manufactures a range of products, which are supplied to the customers directly or utilized in there own turnkey projects, these include: Low Voltage motor starting panels. Medium Voltage motor starting panels, 11kV & 24kV Medium voltage switchgear and circuit breakers (Merlin Gerin NEX metal-clad switchgear) Automatic PLC control panels , Active filtering systems, Variable speed drives for slip ring motors typically 3-5MW, using liquid rotor controllers, Liquid resistance motor starters for slip ring motors, The largest built in S.A. is for a 15MW compressor, Local assembly of Nokian low voltage capacitors, Low, medium and high Voltage reactive power compensation and harmonic filtering equipment, and Mobile 11kV automatic Power Factors. |
|
Industry/ Customers |
The mining industry and electrical companies |
|
Export |
Unknown |
|
Import |
Unknown |
|
Major Industry Code / SICC |
35522 |
|
Definition of Code |
General mechanical engineering on a fee or contract basis |
|
Head Office Physical Address |
50 MOUNT IDA ROAD, ROBERTSHAM, JOHANNESBURG, 2100 |
|
Head Office Postal Address |
P O BOX 2042, SOUTHDALE, 2135 |
|
Current Tel Number |
0114338003 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0114338011 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
UHY HELLMAN (SA) |
|
Trading Name |
UHY HELLMANN |
|
Registration Number |
Unknown |
|
Physical Address |
1st Floor Sturdee house, 9 Sturdee Avenue, ROSEBANK |
|
Postal Address |
P O BOX 47163, PARKLANDS,2121 |
|
Contact Person |
LOUIE RAMPATH |
|
Contact Number |
011 4478447 |
|
Email |
|
|
Principals |
5 |
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Practice Number |
917575E |
|
VAT Number |
4200103028 |
|
Tax Number |
Unavailable |
|
BEE Status |
Level 4 |
|
Financial Year End |
February |
|
No of years in Business |
6 Years 6 Months |
|
Website |
Previous Auditors Information - No Information on Record
|
Vat Number |
45201179878 |
|
Status |
ACTIVE |
|
Tax Number |
9492173845 |
|
Financial Year End |
February |
Black Economic Empowerment Information - No Information on Record
ISO Information - No Information on Record
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries Information - No Information on Record
Employees
|
Number of Employees |
92 |
|
1. Salaried employees |
13 |
|
2. Waged employees |
33 |
|
3. Permanent employees |
46 |
Company Fleet Information
- No Information on Record
Offices Information -
No Information on Record
Branch Information -
No Information on Record
Organisational Ohart
- No In formation 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 |
5 |
|
Average Age of Active Principals |
54 |
Active Principals Principal - 1 of 4 KYLE LASS
|
Surname |
LASS |
|
First Name |
KYLE |
|
ID Number |
8109025106080 |
|
Verified ID Number |
Yes |
|
Current Age |
32 Years 7 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2012/03/01 |
|
Physical Address (at time of Appointment) |
38 FIRST AVENUE, FONTAINEBLEAU, GAUTENG, 2194 |
|
Postal Address |
PO BOX 441024, LINDEN, GAUTENG, 2104 |
|
Current Tel Number |
0118824454 |
|
Cell number |
0835439105 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for KYLE LASS
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
PRECEDO CONSULTING AND DISTRIBUTION (PTY)LTD |
K2013/095395/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
R W W ENGINEERING (PTY)LTD |
M1986/004209/07 |
In Business |
28 Years 4 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 10
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MIDNIGHT STORM INVESTMENTS 19 (PTY)LTD |
M2003/024697/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
MIDNIGHT STORM INVESTMENTS 36 (PTY)LTD |
M2003/025889/07 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
|
Property Interests for KYLE LASS
|
Title Deed No. |
T82301/2008 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
40 1ST FONTAINEBLEAU RANDBURG |
|
Property Type |
Freehold |
Extent / Size |
1784.0SQM |
|
Purchase Date |
2008/07/18 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
NEDBANK LTD |
|
Bond Number |
B837212008 |
Bond Amount |
|
Property Interests for KYLE LASS
|
Title Deed No. |
T9930/1999 |
Erf/Site No. |
0 |
|
Deeds Office |
PRETORIA |
Physical Address |
118 CENTURION EAST CENTURION GOLF ESTATE CENTURION |
|
Property Type |
Freehold |
Extent / Size |
706.0SQM |
|
Purchase Date |
1998/11/11 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B54851999 |
Bond Amount |
|
Principal - 2 of 4
HOWARD WOOD
|
Surname |
WOOD |
|
First Name |
HOWARD |
|
Other Names |
ROY |
|
ID Number |
5606115089087 |
|
Verified ID Number |
Yes |
|
Current Age |
57 Years 10 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1991/08/08 |
|
Physical Address (at time of Appointment) |
60 ROTHESAY AVENUE, CRAIGHALL PARK, JOHANNESBURG, 2196 |
|
Postal Address |
P O BOX 2042, SOUTHDALE, 2135 |
|
Current Tel Number |
0114338003 |
|
Cell number |
0824900945 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for HOWARD WOOD
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
50 MOUNT IDA ROAD CC |
B1994/000402/23 |
In Business |
20 Years 8 Months |
0 |
No |
|
|
R W W ENGINEERING (PTY)LTD |
M1986/004209/07 |
In Business |
28 Years 4 Months |
0 |
No |
|
|
SCOTPORP CC |
B1992/030120/23 |
In Business |
22 Years 10 Months |
0 |
No |
|
|
STAND 1974 PARKHURST CC |
B2008/184132/23 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
TM AUTOMATION (PTY)LTD |
M2000/026396/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 19 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GULLWOOD PROP CC |
B2007/145807/23 |
Deregistration Final |
7 Years 7 Months |
0 |
No |
|
|
LAZERSET CC |
B1988/035538/23 |
Deregistration Final |
26 Years 2 Months |
0 |
No |
|
|
ROSEBANK PHOTOCOLOUR (PTY)LTD |
M1994/008467/07 |
Dissolved |
20 Years 8 Months |
0 |
No |
|
|
WERNI ELECTRONICS CC |
B1988/030335/23 |
In Business |
26 Years 2 Months |
0 |
No |
|
Principal Deeds
Information
Property Interests
for HOWARD WOOD
|
Title Deed No. |
T84500/2007 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
6 BAILEY MIDSTREAM ESTATE OLIFANTSFONTEIN |
|
Property Type |
Freehold |
Extent / Size |
1050.0SQM |
|
Purchase Date |
2007/01/26 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
NEDBANK LTD |
|
Bond Number |
B1052312007 |
Bond Amount |
|
Principal - 3 of 4
JEREMY WOOD
|
Surname |
WOOD |
|
First Name |
JEREMY |
|
ID Number |
6103255040087 |
|
Verified ID Number |
Yes |
|
Current Age |
53 Years 1 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1991/08/08 |
|
Physical Address (at time of Appointment) |
334 CAMPOLINO ROAD, BUCCLEUCH, 2066 |
|
Postal Address |
PO BOX 1701, GALLO MANOR, 2052 |
|
Current Tel Number |
0114338003 |
|
Cell number |
0832668276 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for JEREMY WOOD
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
50 MOUNT IDA ROAD CC |
B1994/000402/23 |
In Business |
20 Years 8 Months |
0 |
No |
|
|
R W W ENGINEERING (PTY)LTD |
M1986/004209/07 |
In Business |
28 Years 4 Months |
0 |
No |
|
|
SCOTPORP CC |
B1992/030120/23 |
In Business |
22 Years 10 Months |
0 |
No |
|
|
TM AUTOMATION (PTY)LTD |
M2000/026396/07 |
In Business |
14 Years 2 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 |
|
WATERFORD ESTATE HOMEOWNERS ASSOCIATION |
M1996/005224/08 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
NOKIAN VHANGANA CAPACITORS (PTY)LTD |
M2003/022138/07 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
|
PROPALUX 108 (PTY)LTD |
M1997/007793/07 |
Deregistration Final |
17 Years 5 Months |
0 |
No |
|
|
WERNI ELECTRONICS CC |
B1988/030335/23 |
In Business |
26 Years 2 Months |
0 |
No |
|
Principal Deeds
Information
Property Interests
for JEREMY WOOD
|
Title Deed No. |
T84345/2012 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
3 PERCHERON WITPOORT (BEAULIEU) MIDRAND |
|
Property Type |
Farms |
Extent / Size |
1.41H |
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
K26221988RM |
Bond Amount |
|
Principal - 4 of 4 RAHELL
SECRETARIAL COMPANY
|
Surname |
RAHELL SECRETARIAL COMPANY |
|
ID Number |
M1983011745 |
|
Verified ID Number |
No |
|
Current Age |
71 Years 4 Months |
|
Designation |
Officer |
|
Status |
Active |
|
Physical Address (at time of Appointment) |
9 STURDEE AVENEU, ROSEBANK, JOHANNESBURG, 2000 |
|
Postal Address |
(PTY) LTD, P O BOX 47163, PARKLANDS, 2121 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business
Information for RAHELL SECRETARIAL COMPANY
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
A M T INVESTMENTS (PTY)LTD |
M1976/000849/07 |
In Business |
37 Years 1 Months |
0 |
No |
|
|
8 MILE INVESTMENTS 179 (PTY)LTD |
M2004/029790/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
AKELA KRAAIBOSCH ESTATES (PTY)LTD |
M1976/001068/07 |
In Business |
38 Years 2 Months |
0 |
No |
|
|
ALKEV ESTATE (PTY)LTD |
M1955/000550/07 |
In Business |
59 Years 11 Months |
0 |
No |
|
|
BONEBERT (PTY)LTD |
M1980/000235/07 |
In Business |
34 Years 10 Months |
0 |
No |
|
|
COMPEG SERVICES (PTY)LTD |
M1980/009442/07 |
In Business |
34 Years 10 Months |
1 |
No |
|
|
DIVERSITY MANAGEMENT
AND PRODUCTIONS (PTY)LTD |
M1982/007229/07 |
In Business |
32 Years 8 Months |
0 |
No |
|
|
GOLDEN GLOVES (PTY)LTD |
M2002/028293/07 |
In Business |
0 |
1 |
No |
|
|
LAND SECURITIES MANAGEMENT (PTY)LTD |
M1989/001797/07 |
In Business |
25 Years 1 Months |
0 |
No |
|
|
MILCLIF INVESTMENTS (PTY)LTD |
M1948/029311/07 |
In Business |
66 Years 6 Months |
0 |
No |
|
|
MILE INVESTMENTS 225 (PTY)LTD |
M2004/023386/07 |
In Business |
10 Years 10 Months |
1 |
No |
|
|
NATIONWIDE DISTRIBUTORS (PTY)LTD |
M1971/009113/07 |
In Business |
43 Years 7 Months |
0 |
No |
|
|
PROPANELS (PTY)LTD |
M1985/000429/07 |
In Business |
29 Years 5 Months |
1 |
No |
|
|
R W W ENGINEERING (PTY)LTD |
M1986/004209/07 |
In Business |
28 Years 4 Months |
0 |
No |
|
|
ROMOTAS 2000 (PTY)LTD |
M2000/005123/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
SQUIREWOOD INVESTMENTS 32 (PTY)LTD |
2004/021539/07 |
Deregistration Process |
10 Years 10 Months |
0 |
No |
|
|
SUI GENERIS INVESTMENTS (PTY)LTD |
M2002/029327/07 |
In Business |
0 |
0 |
No |
|
|
TVS-TELECOM VALUE-ADDED SOLUTIONS CC |
B2010/016459/23 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
WEST RIDING TRADING (PTY)LTD |
M2002/000407/07 |
In Business |
0 |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 11 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
||||||
|
ARCTIC WHITE INVESTMENTS (PTY)LTD |
2004/022897/07 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
|
||||||
|
CONSEPT KITCHENS (PTY)LTD |
M1998/018302/07 |
Deregistration Process |
16 Years 4 Months |
0 |
No |
|
||||||
|
CORDEV CORPORATE MARKETING AND DEVELOPMENT
(PTY)LTD |
M1987/006507/07 |
In Business |
27 Years 3 Months |
0 |
No |
|
||||||
|
CYCOLOGY HOLDINGS (PTY)LTD |
M1998/002161/07 |
Deregistration Final |
16 Years 4 Months |
1 |
No |
|
||||||
|
FULL TILT PROPERTIES (PTY)LTD |
M2003/025663/07 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
||||||
|
GOLF WITH JOHN WISE (PTY)LTD |
M2002/020825/07 |
Deregistration Final |
|
0 |
No |
|
||||||
|
INDAWO FILING SOLUTIONS (PTY)LTD |
M2002/008344/07 |
Deregistration Final |
|
0 |
No |
|
||||||
|
KVN SOLUTIONS (PTY)LTD |
M2001/010898/07 |
Deregistration Final |
13 Years 1 Months |
0 |
No |
|
||||||
|
LA FILM AND TV DISTRIBUTION (PTY)LTD |
M2002/005531/07 |
Deregistration Final |
|
0 |
No |
|
||||||
|
LIDONGA MINERALS (PTY)LTD |
M2002/009846/07 |
In Liquidation |
|
5 |
Yes |
|
||||||
|
LIDONGA SAW MILLS INVESTMENT HOLDINGS (PTY)LTD |
M2002/002359/07 |
Deregistration Process |
|
0 |
No |
|
||||||
|
MASEFIELD (PTY)LTD |
M1994/009586/07 |
Deregistration Process |
20 Years 8 Months |
0 |
No |
|
||||||
|
MAXISTAR (PTY)LTD |
M2002/002881/07 |
In Business |
|
0 |
No |
|
||||||
|
RAND FINANCE (PTY)LTD |
M1998/013422/07 |
Deregistration Final |
16 Years 4 Months |
0 |
No |
|
||||||
|
ROADSPORT TRADING (PTY)LTD |
M2002/005541/07 |
Deregistration Final |
|
0 |
No |
|
||||||
|
RUMBAK REALTY (PTY)LTD |
M2003/029285/07 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
||||||
|
SCANBELT (PTY)LTD |
M1988/000222/07 |
Deregistration Final |
26 Years 2 Months |
0 |
No |
|
||||||
|
SIZANI TECHNICAL SKILLS TRAINING CENTRE (PTY)LTD |
M2000/016978/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
||||||
|
SPARTAN LOGISTICS (PTY)LTD |
M2004/004938/07 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
|
||||||
|
SPEAR AND HUNTER SECURITY SERVICES (PTY)LTD |
M2002/000361/07 |
Deregistration Final |
|
1 |
No |
|
||||||
|
THE ELLERTON GOLD MINES (PTY)LTD |
M1988/004846/07 |
Deregistration Final |
26 Years 2 Months |
0 |
No |
|
||||||
|
THE HOUSE OF SYNERGY (PTY)LTD |
M1998/002820/07 |
Deregistration Final |
16 Years 4 Months |
0 |
No |
|
||||||
|
THE RESOLVE GROUP (PTY)LTD |
M1996/016104/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
||||||
|
WHITE ROCK HOLDINGS LTD |
M2000/006191/06 |
Deregistration Final |
14 Years 2 Months |
0 |
No |
|
||||||
|
WWC ALTERNATIVE INVESTMENTS (PTY)LTD |
M2003/018171/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.34 |
|
UK Pound |
1 |
Rs.101.45 |
|
Euro |
1 |
Rs.83.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.