MIRA INFORM REPORT

 

 

Report Date :

17.10.2014

 

IDENTIFICATION DETAILS

 

Name :

NATIONAL DAIRY EQUIPMENT (PTY)LTD

 

 

Registered Office :

Block F Lifestyle River Front Offic, Bosbok Road, Randpark Ridge Ext 70, Johannesburg, 2196

 

 

Country :

South Africa

 

 

Date of Incorporation :

10.05.1952

 

 

Com. Reg. No.:

M1952/001360/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

  • Supplier of corrosion resistant material.
  • Manufacture of tanks, reservoirs and similar containers of metal

 

 

No of Employees :

Not Available

 

 

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 – 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

NATIONAL DAIRY EQUIPMENT (PTY)LTD

Country

South Africa

Subject Contact Person

MIKE CAMPBELL - MANAGING DIRECTOR / CAROLINE - P.A

Assessment

This is a well-established business. On investigation contact was made with MIKE CAMPBELL the Managing director and CAROLINE the managing directors P.A, who declined to provide any information unless the identity of the enquirer was divulged. Please see the available information on the subject below.

 

 

Company Information

 

Registered Name

NATIONAL DAIRY EQUIPMENT (PTY)LTD

Trading as/ Division Name

NDE

Previous Name

None

Date of Name Change

None

Registration Number

M1952/001360/07

Registration Date

1952/05/10

Date Commenced Trading

1952-05-10

Age of Business

62 Years 5 Months

History of Business

The subject was established in 1952-05-10 and as been trading since then for the past 62 Years and 5 Months .

History of Principals

There are 7 active directors within the company. Mike Campbell's has been the ch and vice ch of SASSDA (Southern Africa Stainless Steel Development Association)

Shareholders/Members/Partners of subject and % holding

NDE GROUP

Authorised Share Capital

 

Issued Share Capital/Members Contribution

 

Status

In Business

Operations Assessment

The subject operates has a leading supplier of corrosion resistant material.

Industry/ Customers

The subject supply's to Architecture and Construction, Automotive, Catering, Chemical and Petrochemical, Component Manufacture, Engineering, Fabrication (light and heavy), Fish Processing, Food and Beverage and the Mining industry.

Export

Yes

Export Countries

 

Import

Yes

Import Countries

 

Major Industry Code / SICC

35420

Definition of Code

Manufacture of tanks, reservoirs and similar containers of metal

Head Office Physical Address

BLOCK F LIFESTYLE RIVER FRONT OFFIC, BOSBOK ROAD, RANDPARK RIDGE EXT 70, JOHANNESBURG, 2196

Head Office Postal Address

P O BOX 760, FONTAINEBLEAU, 2032

Current Tel Number

0117910630

Cell Number

 

Current Fax Number

0117921215

Current Email Address

info@nde.co.za

Web Site Address

www.nde.co.za

Comments

The subject trades under the name NDE. The subject registered name is NATIONAL DAIRY EQUIPMENT (PTY)LTD.

 

 

Auditors Information

 

Company Registered Name

KPMG INCORPORATED

Trading Name

KPMG INC

Registration Number

1999/021543/21

Physical Address

85 EMPIRE ROAD, PARKTOWN, JOHANNESBURG

Postal Address

PRIVATE BAG X9, PARKVIEW, 2122

Contact Person

MELINDA

Contact Number

0116477111

Email

mbrown@kpmg.co.za

Principals

191

Judgements Against Subject

None

Judgements Against Principals

None

Subject Verified as Client

Yes

Practice Number

900133E

VAT Number

4530188665

Tax Number

9559555843

BEE Status

Yes

Financial Year End

August

No of years in Business

9 Years 2 Months

Website

www.kpmg.com

Comment

 

 

Previous Auditors Information - No Information on Record

 

 

Tax Information

 

Vat Number

4600118121

Status

ACTIVE

Vat Liable Date

 

Tax Number

9425108843

Tax Clearance Expire Date

 

Financial Year End

August

Comment

 

 

Black Economic Empowerment

 

Status

Yes

Score

5.00

Expire Date

Feb 18 2015

BEE Certificate Available

Yes

Comment

 

 

 

ISO Status

 

Type of ISO Grade

9001:2008

ISO Certificate

Yes

ISO Certificate Available

Yes

Certified by an Accredited Agent

Yes

Comment

 

 

 

Workman's compensation

 

Registered

Yes

Compliance Certified

Yes

Comment

 

 

 

Company Structure

 

Subsidiaries Information - No Information on Record

 

Employees Information - No Information on Record

 

Company Fleet Information - No Information on Record

 

 

Offices

 

Offices

Offices

Head Office Owned/ Rented

Owned

Rental Company

 

Owned by

NATIONAL DAIRY EQUIPMENT (PTY)LTD

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

Offices and warehouse

Comment

Jo burg also has premises in Germiston 011 472 1659 , 011 872 1802 and  Pretoria 011 472 1659,  086 531 8585

 

Branch Information

 

Branches Names

Country

Province

NATIONAL DAIRY EQUIPMENT (PTY)LTD

South Africa

Cape Town

NATIONAL DAIRY EQUIPMENT (PTY)LTD

South Africa

Durban

NATIONAL DAIRY EQUIPMENT (PTY)LTD

South Africa

Port Elizabeth

 

Branch Detail Information

 

Branches Owned/ Rented

 

Rental Company

 

Owned by

 

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

Offices and warehouse

Comment

 

 

Branches Owned/ Rented

 

Rental Company

 

Owned by

 

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

Offices and warehouse

Comment

 

 

Branches Owned/ Rented

 

Rental Company

 

Owned by

 

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

Offices and warehouse

Comment

 

Management Overview

 

Organisation Chart

 

Level

Position

Name

Comment

 

1

Managing Director

MIKE CAMPBELL

 

 

2

Director

JAMES CARMICHAEL

 

 

2

Director

LLEWELLYN DOLLMAN

 

 

2

Director

HARDY ESTERHUIZEN

 

 

2

Director

LOGAN MOODLEY

 

 

2

Director

ANDRIES SCHREUDER

 

 

2

Director

NANCY WHITECROSS

 

 

3

Manager

CHARLES KROG

 

 

Company Structure (Ownership)

 

Note: One level up and all levels down

 

Holding

Company

Sub

Comment

NDE GROUP

 

 

 

 

Key Deals - No Information on Record

 

Trade References Information - No Information on Record

 

 

Adverse Information on Subject

 

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

 

Property Interests for Company NATIONAL DAIRY EQUIPMENT (PTY)LTD

 

Title Deed No.

T38301/1999

Erf/Site No.

0

Deeds Office

CAPE TOWN

Physical Address

113 VICTORIA 0033-1690-000 CAPE TOWN

Property Type

Freehold

Extent / Size

 

Purchase Date

1999/03/31

Purchase price

R 750000.00

% Ownership

0.00

Bond Holder

A B S A BANK LTD

Bond Number

B189111999

Bond Amount

R 700000.00

Comment

 

 

Principals

 

Number of Principals

7

Average Age of Active Principals

53

Active Principals

Active Principal - 1 of 7

JAMES CARMICHAEL

Surname

CARMICHAEL

First Name

JAMES

Other Names

None

Marital Status

Married

ID Number

7210215106087

Verified ID Number

Yes

Current Age

42 Years

Designation

DIRECTOR

Status

Active

Appointment Date

2013/03/01

Physical Address (at time of Appointment)

19 KINNABOOM STREET, RANGEVIEW,KRUGERSDORP, 1740

Postal Address

P O BOX 43346, INDUSTRIA, 2042

Current Tel Number

0117421659

Cell number

0837496324

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for JAMES CARMICHAEL

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NATIONAL DAIRY

EQUIPMENT

(PTY)LTD

M1952/001360/07

In Business

62 Years 2 Months

1

No

 

ROUXSHELF1075 CC

B2002/030767/23

Deregistration Final

0

0

No

 

 

Principal Deeds Information

Property Interests for JAMES CARMICHAEL

 

Title Deed No.

T37921/2010

Erf/Site No.

2367

Deeds Office

JOHANNESBURG

Physical Address

19 KINABOOM RANGEVIEW KRUGERSDORP

Property Type

E

Extent / Size

 

Purchase Date

2010/07/19

Purchase price

R1840000.00

% Ownership

0.00

Bond Holder

FIRSTRAND BANK LTD

Bond Number

B285312010

Bond Amount

R1700000.00

Comment

 

 

Active Principal - 2 of 7

NANCY WHITECROSS

 

Surname

WHITECROSS

First Name

NANCY

Other Names

None

Marital Status

Single

ID Number

5305160197180

Verified ID Number

Yes

Current Age

61 Years 5 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2013/03/01

Physical Address (at time of Appointment)

119 BELLAIRS DRIVE, NORTH RIDING, JOHANNESBURG, 2169

Postal Address

POSTNET SUITE 336, PRIVATE BAG X 1

Current Tel Number

0114477660

Cell number

0825532205

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for NANCY WHITECROSS

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

N F N

TECHNOLOGIE CC

B1998/019666/23

In Business

16 Years 4 Months

0

No

 

NATIONAL DAIRY

EQUIPMENT

(PTY)LTD

M1952/001360/07

In Business

62 Years 2 Months

1

No

 

SEA FOREVER CC

B2000/058070/23

Deregistration Process

14 Years 2 Months

0

No

 

XNET INTERNET SERVICES CC

B1999/011273/23

Conversion CO/CC or CC/CO

15 Years 3 Months

1

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                    10 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

UNIT 5-6 FISH EAGLE PROPERTIES CC

B1999/003479/23

In Business

15 Years 3 Months

0

No

 

XENEX COMPUTER SYSTEMS CC

B2008/230162/23

In Business

6 Years 6 Months

2

No

 

 

Principal Deeds Information

Property Interests for NANCY WHITECROSS

 

Title Deed No.

T12027/2008

Erf/Site No.

1235

Deeds Office

JOHANNESBURG

Physical Address

MULBARTON JOHANNESBURG SOUTH

Property Type

E

Extent / Size

 

Purchase Date

2008/01/31

Purchase price

R1750000.00

% Ownership

0.00

Bond Holder

STANDARD BANK OF SOUTH AFRICA L

Bond Number

B163572008

Bond Amount

R1200000.00

Comment

 

 

Active Principal - 3 of 7

HARDY ESTERHUIZEN

 

Surname

ESTERHUIZEN

First Name

HARDY

Other Names

None

Marital Status

Married

ID Number

7102235069082

Verified ID Number

Yes

Current Age

43 Years 8 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2007/05/01

Physical Address (at time of Appointment)

7 KORUNDUM AVENUE, WILROPARK EXTENSION 1, 1724

Postal Address

7, ROODEPOORT, 1724

Current Tel Number

0114721659

Cell number

0822515880

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for HARDY ESTERHUIZEN

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NATIONAL DAIRY

EQUIPMENT

(PTY)LTD

M1952/001360/07

In Business

62 Years 2 Months

1

No

 

RICH PICKINGS TRADE AND INVEST (PTY)LTD

K2011/109179/07

In Business

3 Years 3 Months

0

No

 

 

Principal Deeds Information

Property Interests for HARDY ESTERHUIZEN

 

Title Deed No.

T56457/1999

Erf/Site No.

1946

Deeds Office

JOHANNESBURG

Physical Address

1188 WISTARIA ROODEPOORT

Property Type

F

Extent / Size

868.00000000

Purchase Date

1999/08/24

Purchase price

R 230000.00

% Ownership

0.00

Bond Holder

STANDARD BANK OF SOUTH AFRICA LTD

Bond Number

B273061999

Bond Amount

R218500.00

Comment

 

Property Interests for HARDY ESTERHUIZEN

Title Deed No.

T3837/2003

Erf/Site No.

942

Deeds Office

JOHANNESBURG

Physical Address

7 KORUNDUM WILRO PARK ROODEPOORT

Property Type

E

Extent / Size

 

Purchase Date

2002/11/07

Purchase price

R 540000.00

% Ownership

0.00

Bond Holder

FIRSTRAND BANK LTD

Bond Number

B29362003

Bond Amount

R 360000.00

Comment

 

 

Active Principal - 4 of 7

ANDRIES SCHREUDER

 

Surname

SCHREUDER

First Name

ANDRIES

Other Names

NICOLAAS

Marital Status

Married

ID Number

6705315032084

Verified ID Number

Yes

Current Age

47 Years 5 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2004/01/01

Physical Address (at time of Appointment)

NO 3, CABERNET CLOSE

Postal Address

PO BOX 36619,7442

Current Tel Number

0215506800

Cell number

0825588736

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for ANDRIES SCHREUDER

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NATIONAL DAIRY

EQUIPMENT

(PTY)LTD

M1952/001360/07

In Business

62 Years 2 Months

1

No

 

PABUNT CC

B2000/067266/23

Deregistration Final

14 Years 2 Months

0

No

 

 

Principal Deeds Information

Property Interests for ANDRIES SCHREUDER

 

Title Deed No.

T55396/1995

Erf/Site No.

19198

Deeds Office

CAPE TOWN

Physical Address

30 WARWICK MILNERTON

Property Type

F

Extent / Size

627.00000000

Purchase Date

1995/05/18

Purchase price

R130000.00

% Ownership

0.00

Bond Holder

CAPE OF GOOD HOPE BANK LTD

Bond Number

B212061998

Bond Amount

R 40000.00

Comment

 

Property Interests for ANDRIES SCHREUDER

Title Deed No.

T12622/2006

Erf/Site No.

7738

Deeds Office

CAPE TOWN

Physical Address

3 CABERNET VERGESIG DURBANVILLE

Property Type

E

Extent / Size

 

Purchase Date

2005/12/14

Purchase price

R1880000.00

% Ownership

0.00

Bond Holder

NEDBANK LTD

Bond Number

B173692006

Bond Amount

R1500000.00

Comment

 

 

Active Principal - 5 of 7

LOGANARTHAN MOODLEY

 

Surname

MOODLEY

First Name

LOGANARTHAN

Other Names

 

Marital Status

Married

ID Number

5703085141053

Verified ID Number

Yes

Current Age

57 Years 7 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2000/11/01

Physical Address (at time of Appointment)

16A MONTMEDY ROAD, LORRAINE, PORT ELIZABETH, 6001

Postal Address

P O BOX 2907, NORTH END, 6056

Current Tel Number

0414534553

Cell number

0825723529

Shareholding/Membership

0.00

 

Business Information for LOGANARTHAN MOODLEY

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NATIONAL DAIRY

EQUIPMENT

(PTY)LTD

M1952/001360/07

In Business

62 Years 2 Months

1

No

 

 

Principal Deeds Information

Property Interests for LOGANARTHAN MOODLEY

 

Title Deed No.

T114138/1998

Erf/Site No.

2844

Deeds Office

CAPE TOWN

Physical Address

16A MONTMEDY PORT ELIZABETH

Property Type

F

Extent / Size

993.00000000

Purchase Date

1993/08/17

Purchase price

R 265000.00

% Ownership

0.00

Bond Holder

 

Bond Number

B118371999

Bond Amount

R 300000.00

Comment

 

Property Interests for LOGANARTHAN MOODLEY

Title Deed No.

T56569/1990

Erf/Site No.

674

Deeds Office

CAPE TOWN

Physical Address

21 AGAPANTHUS PORT ELIZABETH

Property Type

F

Extent / Size

539.00000000

Purchase Date

1990/08/01

Purchase price

R 25000.00

% Ownership

0.00

Bond Holder

U B S

Bond Number

B552701990

Bond Amount

R 20000.00

Comment

 

 

Active Principal - 6 of 7

LLEWELLYN DOLLMAN

 

Surname

DOLLMAN

First Name

LLEWELLYN

Other Names

None

Marital Status

Married

ID Number

5309105091086

Verified ID Number

Yes

Current Age

61 Years 1 Months

Designation

DIRECTOR

Status

Active

Appointment Date

1996/04/26

Physical Address (at time of Appointment)

ANREITHSTRAAT 5, SOMERSET WES, 7130

Postal Address

ANREITHSTRAAT 5, SOMERSET WES, 7130

Current Tel Number

0215506800

Cell number

0825554814

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for LLEWELLYN DOLLMAN

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ARGENTIC

PROPERTIES

(PTY)LTD

M2004/035290/07

In Business

10 Years 10 Months

0

No

 

NATIONAL DAIRY

EQUIPMENT

(PTY)LTD

M1952/001360/07

In Business

62 Years 2 Months

1

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                    69 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NATIONAL DAIRY

(ENGINEERING)

(PTY)LTD

M1945/019761/07

Deregistration Final

69 Years 9 Months

0

No

 

 

Active Principal - 7 of 7

MICHEAL CAMPBELL

 

Surname

CAMPBELL

First Name

MICHEAL

Other Names

J

Marital Status

Married

ID Number

5411235078080

Verified ID Number

Yes

Current Age

59 Years 11 Months

Designation

MANAGING DIRECTOR

Status

Active

Appointment Date

1984/02/01

Physical Address (at time of Appointment)

8 STRATTON AVE, BRYANSTON, 2021

Postal Address

P.O BOX 319, CRAMERVEIW, 2060

Current Tel Number

0117910630

Cell number

0727218067

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for MICHEAL CAMPBELL

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BASFOUR 333 (PTY)LTD

M1997/018054/07

Deregistration Final

17 Years 5 Months

0

No

 

BLUE WAVES PROPERTIES 10 (PTY)LTD

M2006/007748/07

In Business

8 Years 8 Months

0

No

 

EASTERN

PROVINCE

FARMING

PROPERTIES NO 1

(PTY)LTD

M1991/000095/07

Deregistration Final

23 Years 11 Months

0

No

 

EASTERN

PROVINCE

FARMING

PROPERTIES NO 2

(PTY)LTD

M1991/000097/07

Deregistration Final

23 Years 11 Months

0

No

 

EASTERN

PROVINCE

FARMING

PROPERTIES NO 3

(PTY)LTD

M1991/000098/07

In Business

23 Years 11 Months

0

No

 

FOREST LIVESTOCK VENTURE (PTY)LTD

M1990/005613/07

Deregistration Final

0

0

No

 

FOREST VENTURE DAIRIES (PTY)LTD

M1989/004515/07

Deregistration Final

25 Years 1 Months

0

No

 

NATIONAL DAIRY

(ENGINEERING)

(PTY)LTD

M1945/019761/07

Deregistration Final

69 Years 9 Months

0

No

 

NATIONAL DAIRY EQUIPMENT (CAPE) (PTY)LTD

M1964/005167/07

In Business

50 Years 2 Months

0

No

 

NATIONAL DAIRY

EQUIPMENT

(PTY)LTD

M1952/001360/07

In Business

62 Years 2 Months

1

No

 

NPP FOOD

TECHNOLOGISTS

(PTY)LTD

M1982/008022/07

Deregistration Process

32 Years 8 Months

0

No

 

SNIDEMAN TRUST (PTY)LTD

M1949/033127/07

In Business

65 Years 5 Months

0

No

 

SOUTHERN AFRICA STAINLESS STEEL DEVELOPMENT ASSOCIATION

M2003/022992/08

In Business

11 Years 11 Months

0

No

 

SS AND D

PROPERTIES

(PTY)LTD

M1992/001506/07

Deregistration Final

22 Years 10 Months

0

No

 

WHITNEY FARM

ENTERPRISES

(PTY)LTD

M1990/002770/07

Deregistration Final

0

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                    29 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ST GEORGE''S VILLAGE MANAGEMENT ASSOCIATION

M1985/005263/08

In Business

29 Years 5 Months

0

No

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.48

UK Pound

1

Rs.98.24

Euro

1

Rs.78.66      

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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

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NB

                                       New Business

 

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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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.