|
Report Date : |
16.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ORE
AND METAL COMPANY LTD |
|
|
|
|
Registered Office : |
Assore
house, 15 Fricker Road, Johannesburg,Gauteng, 2196 Private Bag x03, Northlands,
Johannesburg, Gauteng, 2116 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
15.05.1930 |
|
|
|
|
Com. Reg. No.: |
M1930/002363/06 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale
trade in metal and metal ores |
|
|
|
|
No. of Employees |
Not Available |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 |
ORE AND METAL CO LTD |
|
Subject
Contact Person |
UGASH
CHATHULI - MANAGER |
|
Assessment |
On
investigation contact was made with UGASH CHATHULI a manager at the company
who declined to assist with any information. The subject is a large well
established company that forms part of a listed international group. The
company would be considered as equal to its normal business engagements.
Please see the available information below. |
|
Registered
Name |
ORE AND METAL COMPANY LTD |
|
Trading
as/ Division Name |
|
|
Previous
Name |
Unavailable |
|
Date
of Name Change |
Unavailable |
|
Registration
Number |
M1930/002363/06 |
|
Registration
Date |
1930/05/15 |
|
Date
Commenced Trading |
1930-05-15 |
|
Age
of Business |
84
Years 3 Months |
|
History
of Business |
The
company is in operation for the past 84 Years and 3 Months and is part of the
large listed ASSORE LIMITED group . |
|
History
of Principals |
There
are 14 active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
100%
- ASSORE LIMITED listed on the JSE |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
Ore
& Metal Company Limited is responsiblefor the marketing, sales and shipping
ofall the group's products, including thoseproduced by the three divisions of
Assmang.Strong relationships have been establishedwith customers in Europe,
North America,South America, India and the Far East. |
|
Industry/
Customers |
The
subject will supply the metal and steel industry |
|
Export |
Yes |
|
Export
Countries |
|
|
Import |
|
|
Import
Countries |
|
|
Major
Industry Code / SICC |
61420 |
|
Definition
of Code |
Wholesale
trade in metal and metal ores |
|
Head
Office Physical Address |
ASSORE
HOUSE, 15 FRICKER ROAD, JOHANNESBURG,Gauteng, 2196 |
|
Head
Office Postal Address |
PRIVATE
BAG X03, NORTHLANDS, JOHANNESBURG, Gauteng, 2116 |
|
Current
Tel Number |
0117706800 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0112686921 |
|
Current
Email Address |
Unavailable |
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
ERNST
AND YOUNG (PTY)LTD |
|
Trading
Name |
ERNST
AND YOUNG |
|
Registration
Number |
1998/014077/07 |
|
Physical
Address |
52
CORLETT DRIVE, WANDERERS OFFICE PARK, ILLOVO, 2196 |
|
Postal
Address |
P
O BOX 2322, JOHANNESBURG, 2000 |
|
Contact
Person |
FATHIMA |
|
Contact
Number |
0117723000 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
918288E |
|
VAT
Number |
Unavailable |
|
Tax
Number |
9471356841 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
March |
|
No
of years in Business |
37
Years 5 Months |
|
Website |
|
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
|
|
Status |
|
|
Vat
Liable Date |
|
|
Tax
Number |
9575087714 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
June |
|
Comment |
|
Black Economic Empowerment Information - No Information on
Record
ISO Information - No Information on Record
Work Mans Information - No Information on Record
Subsidiaries
|
Subsidiary
Company |
MINERALS
U.S. LLC |
|
Shareholding |
51% |
|
Registration
Number |
|
|
Import
/ Export |
|
|
Comment |
A
company in the USA- markets minerals and alloy products. |
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
Level Position Name
1 Director HERMANUS LUKAS
SMITH
1 Director SAMANTHA
MCFADYEN
1 Director PATRIZIA CINZIA
TENNENT
1 Director CARINA CLAASSEN
1 Director ROSS ANTHONY
DAVIES
1 Director CONRAD
ELS
1 Director PATRICK
EUGENIO SACCO
1 Director BASTIAAN
HENDRIKUS VAN
1 Director ASWEGEN
1 Director JACOB CORNELIUS VENTER
1 Director
ALASTAIR
MC ADAM
1 Director
ALASTAIR
DUNCAN STALKER
1 Director
CHRISTOPHER
JOHN CORY
1 Director
DESMOND
GIULIO SACCO
Key Deals
- No Information on Record
Trade References Information - No Information on Record
Judgements - No information on record
BusinessRescue - 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 |
14 |
|
Average
Age of Active Principals |
50 |
|
Active Principals Principal - 1 of 13 HERMANUS SMITH |
|
|
Surname |
SMITH |
|
First
Name |
HERMANUS |
|
Other
Names |
LUKAS |
|
Marital
Status |
|
|
ID
Number |
6910095223081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
44
Years 10 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2012/09/01 |
|
Physical
Address (at time of Appointment) |
SMALLHOLDING
Z227, ZWAVELPOORT, 0036 |
|
Postal
Address |
PO
BOX 2252, ZWAVELPOORT, ZWAVELPOORT, 0036 |
|
Current
Tel Number |
0132560133 |
|
Cell
number |
0823734879 |
|
Shareholding/Membership |
0.00 |
Business Information for HERMANUS SMITH
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
BEWEGING
VIR CHRISTELIK-VOLKSEIE ONDERWYS |
M1996/002281/08 |
In
Business |
18
Years 6 Months |
0 |
No |
|
|
LEOPARD''S
BUSH HOME OWNERS ASSOCIATION |
M2003/031091/08 |
Deregistration
Process |
11
Years 11 Months |
0 |
No |
|
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
0 |
0 |
No |
|
Principal Previous Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AFRICAN
MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In
Business |
83 Years 11 Months |
0 |
No |
|
Principal Deeds Information
|
Property Interests for HERMANUS
SMITH |
|||
|
Title
Deed No. |
T117891/2006 |
Erf/Site
No. |
1602 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
1602
SEDIBA BURGERSFORT BURGERSFORT |
|
Property
Type |
E |
Extent
/ Size |
|
|
Purchase
Date |
2006/01/25 |
Purchase
price |
R194000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
STANDARD
BANK VAN SUID-AFRIKA L |
|
Bond
Number |
B1485642006 |
Bond
Amount |
R1259143.00 |
|
Comment |
|
||
|
Property Interests for HERMANUS
SMITH |
|||
|
Title
Deed No. |
T18933/2011 |
Erf/Site
No. |
373 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
CITY
OF TSHWANE RURAL |
|
Property
Type |
F |
Extent
/ Size |
|
|
Purchase
Date |
2011/01/26 |
Purchase
price |
R
5500000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
STANDARD
BANK VAN SUID-AFRIKA L |
|
Bond
Number |
B138792011 |
Bond
Amount |
R
3000000.00 |
|
Comment |
|
||
|
Property Interests for HERMANUS
SMITH |
|||
|
Title
Deed No. |
T18932/2011 |
Erf/Site
No. |
742 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
CITY
OF TSHWANE RURAL |
|
Property
Type |
F |
Extent
/ Size |
|
|
Purchase
Date |
2011/01/26 |
Purchase
price |
R
5500000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
STANDARD
BANK VAN SUID-AFRIKA L |
|
Bond
Number |
B138792011 |
Bond
Amount |
R
3000000.00 |
|
Comment |
|
||
|
Property Interests for HERMANUS
SMITH |
|||
|
Title
Deed No. |
T14632/1997 |
Erf/Site
No. |
438 |
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
19
ALOE BOGGOMSBAAI |
|
Property
Type |
F |
Extent
/ Size |
643.00000000 |
|
Purchase
Date |
1996/12/30 |
Purchase
price |
R
65000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
STANDARD
BANK OF SOUTH AFRICA LTD |
|
Bond
Number |
B106931997 |
Bond
Amount |
R
46500.00 |
|
Comment |
|
||
Business Information for SAMANTHA MC FADYEN Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
UNIT
63 SANTANA CC |
B1999/029756/23 |
Deregistration
Final |
15
Years 3 Months |
0 |
No |
|
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
0 |
0 |
No |
|
Principal - 3 of 13 PATRICIA TENNENT
|
Surname |
TENNENT |
|
First
Name |
PATRICIA |
|
Other
Names |
CINZIA |
|
Marital
Status |
|
|
ID
Number |
5401060090086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
60
Years 7 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2012/03/01 |
|
Physical
Address (at time of Appointment) |
12
BRENDA STREET, EDENGLEN, 1609 |
|
Postal
Address |
PRIVATE
BAG X03,NORTHLANDS, 2116 |
|
Current
Tel Number |
0117706800 |
|
Cell
number |
0829419708 |
|
Shareholding/Membership |
0.00 |
Business Information for PATRICIA TENNENT Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
COATIQUE
(PTY)LTD |
M1999/026316/07 |
Dissolved |
15
Years 3 Months |
0 |
No |
|
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
0 |
0 |
No |
|
|
TENSHARE
CC |
B1998/017879/23 |
Deregistration
Final |
16
Years 4 Months |
0 |
No |
|
|
VIKING COMMUNICATIONS
CC |
B1998/072535/23 |
In
Business |
16
Years 4 Months |
0 |
No |
|
Principal - 4 of 13 CARINA CLAASSEN
|
Surname |
CLAASSEN |
|
First
Name |
CARINA |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
7805260015081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
36
Years 3 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2010/09/01 |
|
Physical
Address (at time of Appointment) |
27
SHARALUMBI, 340 MAIN AVENUE, FERNDALE, 2195 |
|
Postal
Address |
PRIVATE
BAG X03, NORTHLANDS, 2116 |
|
Current
Tel Number |
0117706913 |
|
Cell
number |
0832011939 |
|
Shareholding/Membership |
0.00 |
Business Information for CARINA CLAASSEN Principal Current Business
Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
0 |
0 |
No |
|
Principal Deeds Information
|
Property Interests for CARINA
CLAASSEN |
|||
|
Title
Deed No. |
ST41643/2008 |
Erf/Site
No. |
797,0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
338
MAIN FERNDALE RANDBURG |
|
Property
Type |
U |
Extent
/ Size |
|
|
Purchase
Date |
2007/07/17 |
Purchase
price |
R
460000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
STANDARD
BANK OF SOUTH AFRICA L |
|
Bond
Number |
SB436112008 |
Bond
Amount |
R
483000.00 |
|
Comment |
|
||
|
Property Interests for CARINA
CLAASSEN |
|||
|
Title
Deed No. |
T77390/2012 |
Erf/Site
No. |
2757 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
NORTH
RIDING RANDBURG |
|
Property
Type |
E |
Extent
/ Size |
|
|
Purchase
Date |
2012/07/31 |
Purchase
price |
R1650000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
FIRSTRAND
BANK LTD |
|
Bond
Number |
B463402012 |
Bond
Amount |
R1550000.00 |
|
Comment |
|
||
Principal - 5 of 13 ROSS DAVIES
|
Surname |
DAVIES |
|
First
Name |
ROSS |
|
Other
Names |
ANTHONY |
|
Marital
Status |
|
|
ID
Number |
7004215257085 |
|
Verified
ID Number |
Yes |
|
Current
Age |
44
Years 4 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2009/10/01 |
|
Physical
Address (at time of Appointment) |
21
FLETCHING AVENUE, ESSEXWOLD, BEDFORDVIEW, JOHANNESBURG, 2007 |
|
Postal
Address |
PRIVATE
BAG X03, NORTHLANDS, JOHANNESBURG, 2116 |
|
Current
Tel Number |
0114536049 |
|
Cell
number |
0828972392 |
|
Shareholding/Membership |
0.00 |
Business Information for ROSS DAVIES
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
AFRICAN
MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In
Business |
83
Years 11 Months |
0 |
No |
|
|
GROUP
LINE PROJECTS (PTY)LTD |
M1991/000798/07 |
In
Business |
23
Years 11 Months |
0 |
No |
|
|
ICERMAX
(PTY)LTD |
K2012/089070/07 |
In
Business |
2
Years 2 Months |
0 |
No |
|
|
MINERAIS HOLDINGS (PTY)LTD |
M1999/006521/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
0 |
0 |
No |
|
|
WONDERSTONE
1937 LTD |
M1937/009964/06 |
In
Business |
77
Years 5 Months |
0 |
No |
|
|
WONDERSTONE
LTD |
M1935/006371/06 |
In
Business |
79
Years 7 Months |
0 |
No |
|
|
XERTECH
(PTY)LTD |
M2001/006462/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
ZEERUST
CHROME MINES LTD |
M1962/001355/06 |
In
Business |
52
Years 4 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
RICHGROVE
UNIT 42 INVESTMENTS CC |
B1996/052692/23 |
Deregistration
Final |
18 Years 6 Months |
0 |
No |
|
|
RICHGROVE
UNIT 79 INVESTMENTS CC |
B1996/052654/23 |
Deregistration
Final |
18 Years 6 Months |
0 |
No |
|
|
RUSTENBURG
MINERALS DEVELOPMENT COMPANY (PTY)LTD |
M1968/002462/07 |
In Business |
46 Years 10 Months |
0 |
No |
|
|
Property Interests for ROSS
DAVIES |
|||
|
Title
Deed No. |
ST37395/2003 |
Erf/Site
No. |
3119,0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
15
BANTRY BRYANSTON SANDTON |
|
Property
Type |
U |
Extent
/ Size |
|
|
Purchase
Date |
2003/01/13 |
Purchase
price |
R
548545.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
NEDBANK
LTD |
|
Bond
Number |
SB247602003 |
Bond
Amount |
R
538545.00 |
|
Comment |
|
||
|
Property Interests for ROSS
DAVIES |
|||
|
Title
Deed No. |
T50272/2000 |
Erf/Site
No. |
389 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
52
GLENDOWER EDENVALE |
|
Property
Type |
F |
Extent
/ Size |
991.00000000 |
|
Purchase
Date |
2000/06/26 |
Purchase
price |
R
425000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
NEDCOR
BANK LTD |
|
Bond
Number |
B296202000 |
Bond
Amount |
R
382500.00 |
|
Comment |
|
||
Principal - 6 of 13
CONRAD ELS
|
Surname |
ELS |
|
First
Name |
CONRAD |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
7209095209086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
41
Years 11 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2007/07/01 |
|
Physical
Address (at time of Appointment) |
49
VILLAGE DRIVE, VILLAGE VIEW, CENTURION, Gauteng, 0046 |
|
Postal
Address |
PRIVATE
BAGX 03, NORTHLANDS, JOHANNESBURG, 2116 |
|
Current
Tel Number |
0117706884 |
|
Cell
number |
0823311251 |
|
Shareholding/Membership |
0.00 |
Business Information for CONRAD ELS
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
0 |
0 |
No |
|
|
TIGRUS
PROPERTY MANAGEMENT CC |
B2004/020278/23 |
Deregistration
Final |
10
Years 10 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
UNIWORKS
CONSTRUCTION CC |
B2006/018028/23 |
Deregistration
Process |
8 Years 8 Months |
0 |
No |
|
Principal Deeds Information Property Interests for CONRAD ELS
|
Title
Deed No. |
T114876/2001 |
Erf/Site
No. |
1092 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
49
VILLAGE IRENE CENTURION |
|
Property
Type |
E |
Extent
/ Size |
|
|
Purchase
Date |
2001/05/22 |
Purchase
price |
R212000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
SAAMBOU
BANK LTD |
|
Bond
Number |
B764842001 |
Bond
Amount |
R212000.00 |
|
Comment |
|
||
Principal - 7 of 13 PATRICK SACCO
|
Surname |
SACCO |
|
First
Name |
PATRICK |
|
Other
Names |
EUGENIO |
|
Marital
Status |
|
|
ID
Number |
7802275235085 |
|
Verified
ID Number |
Yes |
|
Current
Age |
36
Years 6 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2007/07/01 |
|
Physical
Address (at time of Appointment) |
1
BROADLANDS, 4TH ROAD, HYDE PARK, 2195 |
|
Postal
Address |
PRIVATE
BAG X03, NORTHLANDS, JOHANNESBURG, Gauteng, 2116 |
|
Current
Tel Number |
0117706800 |
|
Cell
number |
0732783741 |
|
Shareholding/Membership |
0.00 |
Business Information for PATRICK SACCO Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
AFRICAN
MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In
Business |
83
Years 11 Months |
0 |
No |
|
|
ASSMANG
LTD |
M1935/007343/06 |
In
Business |
79
Years 7 Months |
0 |
No |
|
|
ASSORE
LTD |
M1950/037394/06 |
In
Business |
64
Years 4 Months |
0 |
No |
|
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
0 |
0 |
No |
|
|
ORESTEEL INVESTMENTS (PTY)LTD |
M1975/003008/07 |
In
Business |
39
Years 3 Months |
0 |
No |
|
|
THE
SACCO COMMUNITY CENTRE |
M2009/013212/08 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
WONDERSTONE
LTD |
M1935/006371/06 |
In
Business |
79
Years 7 Months |
0 |
No |
|
|
XERTECH
(PTY)LTD |
M2001/006462/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
ZEERUST
CHROME MINES LTD |
M1962/001355/06 |
In
Business |
52
Years 4 Months |
0 |
No |
|
Principal Deeds Information Property Interests for PATRICK SACCO
|
Title
Deed No. |
T25846/2007 |
Erf/Site
No. |
258 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
128
SIXTH HYDE PARK |
|
Property
Type |
F |
Extent
/ Size |
1569.00000000 |
|
Purchase
Date |
2005/10/14 |
Purchase
price |
R
3000000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Property Interests for PATRICK
SACCO |
|||
|
Title
Deed No. |
T83659/2003 |
Erf/Site
No. |
1708 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
88
NINTH JOHANNESBURG |
|
Property
Type |
F |
Extent
/ Size |
495.00000000 |
|
Purchase
Date |
2003/10/07 |
Purchase
price |
R1650000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
T33431971 |
|
Bond
Number |
VA16431997 |
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Property Interests for PATRICK
SACCO |
|||
|
Title
Deed No. |
T32402/2011 |
Erf/Site
No. |
631 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
HYDE
PARK SANDTON |
|
Property
Type |
E |
Extent
/ Size |
|
|
Purchase
Date |
2011/03/21 |
Purchase
price |
R
28000000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
K28291977S |
Bond
Amount |
R
0.00 |
|
Comment |
|
||
Business Information for BASTIAAN VAN ASWEGEN
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
AFRICAN
MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In
Business |
83
Years 11 Months |
0 |
No |
|
|
ASSMANG
LTD |
M1935/007343/06 |
In
Business |
79
Years 7 Months |
0 |
No |
|
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
0 |
0 |
No |
|
|
RUSTENBURG MINERALS DEVELOPMENT COMPANY (PTY)LTD |
M1968/002462/07 |
In
Business |
46
Years 10 Months |
0 |
No |
|
|
WONDERSTONE
LTD |
M1935/006371/06 |
In
Business |
79
Years 7 Months |
0 |
No |
|
|
ZEERUST
CHROME MINES LTD |
M1962/001355/06 |
In
Business |
52
Years 4 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ASSORE LTD |
M1950/037394/06 |
In Business |
64
Years 4 Months |
0 |
No |
|
|
MIDNIGHT STORM INVESTMENTS 19 (PTY)LTD |
M2003/024697/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
MIDNIGHT STORM INVESTMENTS 36 (PTY)LTD |
M2003/025889/07 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
Principal Deeds Information Property Interests for BASTIAAN VAN ASWEGEN
|
Title
Deed No. |
T9930/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
118
CENTURION EAST CENTURION GOLF ESTATE CENTURION |
|
Property
Type |
E |
Extent
/ Size |
|
|
Purchase
Date |
1998/11/11 |
Purchase
price |
R210000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
B54851999 |
Bond
Amount |
R
650000.00 |
|
Comment |
|
||
Property Interests for BASTIAAN
VAN ASWEGEN
|
Title
Deed No. |
T95520/1995 |
Erf/Site
No. |
2062 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
7
JOCHEM VAN BRUGGEN MIDDELBURG |
|
Property
Type |
F |
Extent
/ Size |
2028.00000000 |
|
Purchase
Date |
1995/07/13 |
Purchase
price |
R
358.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
B940201995 |
Bond
Amount |
R
380.00 |
|
Comment |
|
||
Principal - 9 of 13 JACOB VENTER
|
Surname |
VENTER |
|
First
Name |
JACOB |
|
Other
Names |
CORNELIUS |
|
Marital
Status |
|
|
ID
Number |
7101275041084 |
|
Verified
ID Number |
Yes |
|
Current
Age |
43
Years 7 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2004/07/01 |
|
Physical
Address (at time of Appointment) |
1
BAILEY STREET, MIDSTREAM ESTATE, 1692 |
|
Postal
Address |
PRIVATE
BAG X 03, NORTHLANDS, JOHANNESBURG, 2116 |
|
Current
Tel Number |
0114817623 |
|
Cell
number |
0828824279 |
|
Shareholding/Membership |
0.00 |
Business Information for JACOB VENTER
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ASSMANG
LTD |
M1935/007343/06 |
In
Business |
79
Years 7 Months |
0 |
No |
|
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
0 |
0 |
No |
|
Principal Deeds Information
|
Property Interests for JACOB
VENTER |
|||
|
Title
Deed No. |
T41817/2001 |
Erf/Site
No. |
4125 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
145
BONDEV CENTURION |
|
Property
Type |
F |
Extent
/ Size |
1080.00000000 |
|
Purchase
Date |
2001/03/03 |
Purchase
price |
R189000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
SAAMBOU
BANK LTD |
|
Bond
Number |
B303912001 |
Bond
Amount |
R
530000.00 |
|
Comment |
|
||
|
Property Interests for JACOB
VENTER |
|||
|
Title
Deed No. |
T84500/2007 |
Erf/Site
No. |
636 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
6
BAILEY MIDSTREAM ESTATE OLIFANTSFONTEIN |
|
Property
Type |
E |
Extent
/ Size |
|
|
Purchase
Date |
2007/01/26 |
Purchase
price |
R
2800000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
NEDBANK
LTD |
|
Bond
Number |
B1052312007 |
Bond
Amount |
R1650000.00 |
|
Comment |
|
||
|
Property Interests for JACOB
VENTER |
|||
|
Title
Deed No. |
T23136/1997 |
Erf/Site
No. |
786 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
23
MACKILLICAN NEWCASTLE |
|
Property
Type |
F |
Extent
/ Size |
1533.00000000 |
|
Purchase
Date |
1997/04/18 |
Purchase
price |
R153.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
B225261997 |
Bond
Amount |
R
165.00 |
|
Comment |
|
||
Principal - 10 of 13 ALISTAIR MC ADAM
|
Surname |
MC
ADAM |
|
First
Name |
ALISTAIR |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
6008305270107 |
|
Verified
ID Number |
Yes |
|
Current
Age |
54
Years |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2001/01/01 |
|
Physical
Address (at time of Appointment) |
15
BYZANCE AVENUE, WATERFORD ESTATE, FOURWAYS, Gauteng, 2055 |
|
Postal
Address |
PRIVATE
BAG X03, NORTHLANDS, JOHANNESBURG, Gauteng, 2116 |
|
Current
Tel Number |
0117706885 |
|
Cell
number |
0833204329 |
|
Shareholding/Membership |
0.00 |
Business Information for ALISTAIR MC ADAM Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ASSMANG
LTD |
M1935/007343/06 |
In
Business |
79
Years 7 Months |
0 |
No |
|
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
0 |
0 |
No |
|
Principal Previous Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
WATERFORD ESTATE HOMEOWNERS ASSOCIATION |
M1996/005224/08 |
In
Business |
18
Years 6 Months |
0 |
No |
|
Principal - 11 of 13 ALASTAIR STALKER
|
Surname |
STALKER |
|
First
Name |
ALASTAIR |
|
Other
Names |
DUNCAN |
|
Marital
Status |
|
|
ID
Number |
5008105024101 |
|
Verified
ID Number |
Yes |
|
Current
Age |
63
Years 10 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
1998/03/16 |
|
Physical
Address (at time of Appointment) |
9
LENIE STREET, DISCOVERY EXT 10, DISCOVERY EXT 10, Gauteng, 1710 |
|
Postal
Address |
PRIVATE
BAG X03, NORTHLANDS, JOHANNESBURG, Gauteng, 2116 |
|
Current
Tel Number |
0117706886 |
|
Cell
number |
0828716780 |
|
Shareholding/Membership |
0.00 |
Business Information for ALASTAIR STALKER Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ASSMANG
LTD |
M1935/007343/06 |
In
Business |
79
Years 7 Months |
0 |
No |
|
|
ASSORE
LTD |
M1950/037394/06 |
In
Business |
64
Years 4 Months |
0 |
No |
|
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
0 |
0 |
No |
|
Principal - 12 of 13 CHRISTOPHER CORY
|
Surname |
CORY |
|
First
Name |
CHRISTOPHER |
|
Other
Names |
JOHN |
|
Marital
Status |
|
|
ID
Number |
5202135045083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
62
Years 6 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
1992/05/04 |
|
Physical
Address (at time of Appointment) |
51
SMUTS ROAD, DUNKELD, JOHANNESBURG, 2196 |
|
Postal
Address |
PRIVATE
BAG X03, NORTHLANDS, NORTHLANDS, JOHANNESBURG, 2116 |
|
Current
Tel Number |
0117706888 |
|
Cell
number |
0832518551 |
|
Shareholding/Membership |
0.00 |
Business Information for CHRISTOPHER CORY Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
AFRICAN
MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In
Business |
83
Years 11 Months |
0 |
No |
|
|
ASSMANG
LTD |
M1935/007343/06 |
In
Business |
79
Years 7 Months |
0 |
No |
|
|
ASSOCIATED
ASBESTOS LTD |
M1938/011745/06 |
Deregistration
Final |
76
Years 4 Months |
0 |
No |
|
|
ASSORE
LTD |
M1950/037394/06 |
In
Business |
64
Years 4 Months |
0 |
No |
|
|
CATO
RIDGE DEVELOPMENT COMPANY LTD |
M1956/002268/06 |
In
Business |
58
Years 10 Months |
0 |
No |
|
|
CERAMOX
(PTY)LTD |
M2000/027163/07 |
In
Business |
14
Years 2 Months |
0 |
No |
|
|
CHROAM
(PTY)LTD |
M1994/009089/07 |
In
Business |
20
Years 8 Months |
0 |
No |
|
|
ERF
1263 PARKVIEW EXTENSION 1 (PTY)LTD |
M2005/024880/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
ERVEN
27 AND 28 ILLOVO (PTY)LTD |
M2001/000388/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
ERVEN
40 AND 41 ILLOVO (PTY)LTD |
M1999/025517/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
FERALLOYS
LTD |
M1957/000311/06 |
Deregistration
Process |
57
Years 9 Months |
0 |
No |
|
|
GENERAL NOMINEES (PTY)LTD |
M1951/002960/07 |
In
Business |
63
Years 3 Months |
0 |
No |
|
|
GROUP
LINE PROJECTS (PTY)LTD |
M1991/000798/07 |
In
Business |
23
Years 11 Months |
0 |
No |
|
|
ICERMAX
(PTY)LTD |
K2012/089070/07 |
In
Business |
2
Years 2 Months |
0 |
No |
|
|
MAIN
STREET 350 (PTY)LTD |
M2005/026562/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
MAIN
STREET 460 (PTY)LTD |
M2006/021404/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
MAIN
STREET 904 (RF) (PTY)LTD |
M2011/008937/07 |
In
Business |
3
Years 3 Months |
0 |
No |
|
|
MINERAIS HOLDINGS (PTY)LTD |
M1999/006521/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
0 |
0 |
No |
|
|
ORESTEEL INVESTMENTS (PTY)LTD |
M1975/003008/07 |
In
Business |
39
Years 3 Months |
0 |
No |
|
|
THE
SACCO COMMUNITY CENTRE |
M2009/013212/08 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
WONDERSTONE
1937 LTD |
M1937/009964/06 |
In
Business |
77
Years 5 Months |
0 |
No |
|
|
WONDERSTONE
LTD |
M1935/006371/06 |
In
Business |
79
Years 7 Months |
0 |
No |
|
|
XERTECH
(PTY)LTD |
M2001/006462/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
ZEERUST
CHROME MINES LTD |
M1962/001355/06 |
In
Business |
52
Years 4 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
A
M T INVESTMENTS (PTY)LTD |
M1976/000849/07 |
In
Business |
38
Years 2 Months |
0 |
No |
|
Principal Deeds Information Property Interests for CHRISTOPHER CORY
|
Title
Deed No. |
ST3326/2009 |
Erf/Site
No. |
3275 |
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
16
HIGGO GARDENS CAPE TOWN |
|
Property
Type |
U |
Extent
/ Size |
|
|
Purchase
Date |
2009/01/08 |
Purchase
price |
R2150000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
I-144672000LG |
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Property Interests for
CHRISTOPHER CORY |
|||
|
Title
Deed No. |
T82/2008 |
Erf/Site
No. |
704 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
|
|
Property
Type |
F |
Extent
/ Size |
|
|
Purchase
Date |
2007/04/30 |
Purchase
price |
R
795000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
Property Interests for
CHRISTOPHER CORY
|
Title
Deed No. |
T75226/2008 |
Erf/Site
No. |
1494 |
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
PATERNOSTER
PATERNOSTER |
|
Property
Type |
E |
Extent
/ Size |
|
|
Purchase
Date |
2007/12/24 |
Purchase
price |
R
3300000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Property Interests for
CHRISTOPHER CORY |
|||
|
Title
Deed No. |
T11550/2013 |
Erf/Site
No. |
833 |
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
VOORSTRAND
PATERNOSTER |
|
Property
Type |
E |
Extent
/ Size |
|
|
Purchase
Date |
2013/01/13 |
Purchase
price |
R
5850000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
K8692002S |
Bond
Amount |
R
0.00 |
|
Comment |
|
||
Business Information for DESMOND SACCO Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
AFRICAN
MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In
Business |
83
Years 11 Months |
0 |
No |
|
|
ASSMANG
LTD |
M1935/007343/06 |
In
Business |
79
Years 7 Months |
0 |
No |
|
|
ASSOCIATED
ASBESTOS LTD |
M1938/011745/06 |
Deregistration
Final |
76
Years 4 Months |
0 |
No |
|
|
ASSORE
LTD |
M1950/037394/06 |
In
Business |
64
Years 4 Months |
0 |
No |
|
|
CERAMOX
(PTY)LTD |
M2000/027163/07 |
In
Business |
14
Years 2 Months |
0 |
No |
|
|
D
SACCO ASHMOLEDALES |
4009225057006 |
|
Unknown |
0 |
No |
|
|
ERF
1263 PARKVIEW EXTENSION 1 (PTY)LTD |
M2005/024880/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
ERVEN
27 AND 28 ILLOVO (PTY)LTD |
M2001/000388/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
ERVEN
40 AND 41 ILLOVO (PTY)LTD |
M1999/025517/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
FERALLOYS
LTD |
M1957/000311/06 |
Deregistration
Process |
57
Years 9 Months |
0 |
No |
|
|
LAGERDRAAI
ASBESTOS LTD |
M1905/028741/06 |
|
66
Years 6 Months |
0 |
No |
|
|
MAIN
STREET 350 (PTY)LTD |
M2005/026562/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
MAIN
STREET 460 (PTY)LTD |
M2006/021404/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
MINERAIS HOLDINGS (PTY)LTD |
M1999/006521/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
0 |
0 |
No |
|
|
ORESTEEL INVESTMENTS (PTY)LTD |
M1975/003008/07 |
In
Business |
39
Years 3 Months |
0 |
No |
|
|
SOUTH
AFRICAN CORUNDUM COMPANY LTD |
M1940/014161/06 |
Deregistration
Process |
74
Years 2 Months |
0 |
No |
|
|
THE
SACCO COMMUNITY CENTRE |
M2009/013212/08 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
WONDERSTONE
1937 LTD |
M1937/009964/06 |
In
Business |
77
Years 5 Months |
0 |
No |
|
|
XERTECH
(PTY)LTD |
M2001/006462/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
ZEERUST
CHROME MINES LTD |
M1962/001355/06 |
In
Business |
52
Years 4 Months |
0 |
No |
|
Principal Deeds Information Property Interests for DESMOND SACCO
|
Title
Deed No. |
T11286/2010 |
Erf/Site
No. |
136 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
82
9TH HYDE PARK SANDTON |
|
Property
Type |
E |
Extent
/ Size |
|
|
Purchase
Date |
2009/09/25 |
Purchase
price |
R
42500000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
Property Interests for DESMOND
SACCO
|
Title
Deed No. |
T11286/2010 |
Erf/Site
No. |
137 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
40
KILLARNEY HYDE PARK SANDTON |
|
Property
Type |
E |
Extent
/ Size |
|
|
Purchase
Date |
2009/09/25 |
Purchase
price |
R
42500000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
Property Interests for DESMOND
SACCO
|
Title
Deed No. |
T11286/2010 |
Erf/Site
No. |
138 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
128
9TH HYDE PARK SANDTON |
|
Property
Type |
E |
Extent
/ Size |
|
|
Purchase
Date |
2009/09/25 |
Purchase
price |
R
42500000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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.