MIRA INFORM REPORT

 

 

Report Date :

20.10.2014

 

IDENTIFICATION DETAILS

 

Name :

ASSMANG (PTY) LTD

 

 

Registered Office :

15 Frickek Road Illovo, Boulevard, Johannesburg, 2196, Private Bag X03, Northlands, 2116

 

 

Country :

South Africa

 

 

Date of Incorporation :

02.11.1935

 

 

Com. Reg. No.:

M1935/007343/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Mining of Non-Ferrous Metal Ores, Except Gold and Uranium

 

 

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 :

--

 

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

ASSMANG (PTY)LTD

Country

South Africa

Subject Contact Person

SHARMILA PILLAY - Administrator

Assessment

This is a well-established business. On investigation contact was made with SHARMILA PILLAY who declined to direct us to the financial director or any of the directors, unless we reveal the principal inquire, several attempts were made but she still would not assist. Please see the available information provided below.

 

 

COMPANY information

 

Registered Name

ASSMANG (PTY)LTD

Trading as/ Division Name

None

Previous Name

None

Date of Name Change

None

Registration Number

M1935/007343/07

Registration Date

1935/11/02

Date Commenced Trading

1935-11-02

Age of Business

78 Years 11 Months

History of Business

The subject commenced trading as a new business in 1935, and was listed in JSE in 1936.

History of Principals

There are 4 active directors within the company.

Shareholders/Members/Partners of subject and % holding

50 % - ASSORE LIMITED, 50 % - AFRICAN RAINBOW MINERALS LTD

Authorised Share Capital

 

Issued Share Capital/Members Contribution

 

Status

In Business

Operations Assessment

The subjects main operation is to supply high-grade manganese ore reserves.

Industry/ Customers

The subjects deals directly with the mining industry

Export

Declined

Export Countries

 

Import

Declined

Import Countries

 

Major Industry Code / SICC

24200

Definition of Code

Mining of Non-Ferrous Metal Ores, Except Gold and Uranium

Head Office Physical Address

15 Frickek Road Illovo, Boulevard, Johannesburg, 2196

Head Office Postal Address

Private Bag X03, Northlands, 2116

Current Tel Number

0117706800

Cell Number

 

Current Fax Number

0112686440

Current Email Address

rosdavies@assmang.com

Web Site Address

www.assmang.co.za

Comments

according to the website assmang has 4 directors, however there is nothing on CIPC

 

Auditors Information - No Information on Record

 

Previous Auditors Information - No Information on Record

 

Tax Information - No Information on Record

 

Black Economic Empowerment Information - No Information on Record

 

ISO Information - No Information on Record

 

Work Mans Information - No Information on Record

 

 

Company Structure

 

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

 

 

Management Overview

 

Organization Chart

 

Level

Position

Name

2

ADMIN MANAGER

SHAMILA PILLAY

 

Company structure (ownership)

 

Note: One level up and all levels down

 

Holding

Company

Sub

50% - ASSORE LIMITED

ASSMANG (PTY) LTD

NONE

50% - AFRICAN RAINBOW MINERALS (PTY) LTD

ASSMANG (PTY) LTD

NONE

 

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 ASSMANG (PTY)LTD

 

Title Deed No.

T1716/2014

Erf/Site No.

3076

Deeds Office

VRYBURG

Physical Address

KURUMAN

Property Type

Freehold

Extent / Size

300.0SQM

Purchase Date

2013/06/26

Purchase price

R13133574.00

% Ownership

0.00

Bond Holder

ASSMANG LTD

Bond Number

VA522013

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1740/2009

Erf/Site No.

3112

Deeds Office

VRYBURG

Physical Address

3112 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1760/2009

Erf/Site No.

3107

Deeds Office

VRYBURG

Physical Address

3107 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1761/2009

Erf/Site No.

3108

Deeds Office

VRYBURG

Physical Address

3108 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1763/2009

Erf/Site No.

3109

Deeds Office

VRYBURG

Physical Address

3109 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1767/2009

Erf/Site No.

3093

Deeds Office

VRYBURG

Physical Address

3093 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1772/2009

Erf/Site No.

3110

Deeds Office

VRYBURG

Physical Address

3110 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1774/2009

Erf/Site No.

3111

Deeds Office

VRYBURG

Physical Address

3111 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1785/2009

Erf/Site No.

3090

Deeds Office

VRYBURG

Physical Address

3090 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1787/2009

Erf/Site No.

3084

Deeds Office

VRYBURG

Physical Address

3084 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1795/2009

Erf/Site No.

3102

Deeds Office

VRYBURG

Physical Address

3102 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1796/2009

Erf/Site No.

3101

Deeds Office

VRYBURG

Physical Address

3101 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1797/2009

Erf/Site No.

3097

Deeds Office

VRYBURG

Physical Address

3097 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1798/2009

Erf/Site No.

3091

Deeds Office

VRYBURG

Physical Address

3091 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1799/2009

Erf/Site No.

3087

Deeds Office

VRYBURG

Physical Address

3087 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1800/2009

Erf/Site No.

3082

Deeds Office

VRYBURG

Physical Address

3082 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1806/2009

Erf/Site No.

3099

Deeds Office

VRYBURG

Physical Address

3099 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1807/2009

Erf/Site No.

3105

Deeds Office

VRYBURG

Physical Address

3105 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1809/2009

Erf/Site No.

3106

Deeds Office

VRYBURG

Physical Address

3106 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1810/2009

Erf/Site No.

3096

Deeds Office

VRYBURG

Physical Address

3096 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1838/2009

Erf/Site No.

3077

Deeds Office

VRYBURG

Physical Address

3077 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/02

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1841/2009

Erf/Site No.

3089

Deeds Office

VRYBURG

Physical Address

3089 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1842/2009

Erf/Site No.

3094

Deeds Office

VRYBURG

Physical Address

3094 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1843/2009

Erf/Site No.

3092

Deeds Office

VRYBURG

Physical Address

3092 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1845/2009

Erf/Site No.

3081

Deeds Office

VRYBURG

Physical Address

3081 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T18632/2012

Erf/Site No.

127

Deeds Office

CAPE TOWN

Physical Address

0304-0000-000 SALDANHA

Property Type

Farms

Extent / Size

 

Purchase Date

2012/01/30

Purchase price

R10003500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1889/2009

Erf/Site No.

3103

Deeds Office

VRYBURG

Physical Address

3103 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1890/2009

Erf/Site No.

3100

Deeds Office

VRYBURG

Physical Address

3100 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1892/2009

Erf/Site No.

3086

Deeds Office

VRYBURG

Physical Address

3086 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1893/2009

Erf/Site No.

3098

Deeds Office

VRYBURG

Physical Address

3098 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1894/2009

Erf/Site No.

3095

Deeds Office

VRYBURG

Physical Address

3095 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1897/2009

Erf/Site No.

3115

Deeds Office

VRYBURG

Physical Address

3115 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1905/2009

Erf/Site No.

3088

Deeds Office

VRYBURG

Physical Address

KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1906/2009

Erf/Site No.

3113

Deeds Office

VRYBURG

Physical Address

3113 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1907/2009

Erf/Site No.

3116

Deeds Office

VRYBURG

Physical Address

3116 JANSEN 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1908/2009

Erf/Site No.

3083

Deeds Office

VRYBURG

Physical Address

3083 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1913/2009

Erf/Site No.

3085

Deeds Office

VRYBURG

Physical Address

3085 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/11

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1947/2009

Erf/Site No.

3078

Deeds Office

VRYBURG

Physical Address

3078 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/02

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1950/2009

Erf/Site No.

3079

Deeds Office

VRYBURG

Physical Address

3079 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/02

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T1959/2009

Erf/Site No.

3075

Deeds Office

VRYBURG

Physical Address

3075 VAN WYK 1160-0020-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/02/02

Purchase price

R18500.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T283/2010

Erf/Site No.

623

Deeds Office

VRYBURG

Physical Address

21 BREE 1160-0050-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/12/09

Purchase price

R1100000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T3582/2010

Erf/Site No.

348

Deeds Office

MPUMALANGA

Physical Address

2507-0000-000 ENTOKOZWENI

Property Type

Farms

Extent / Size

 

Purchase Date

2009/02/24

Purchase price

R 2200000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T4911/2009

Erf/Site No.

4506

Deeds Office

MPUMALANGA

Physical Address

LYDENBURG

Property Type

Freehold

Extent / Size

 

Purchase Date

2009/04/30

Purchase price

R 298762.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T5101/2010

Erf/Site No.

737

Deeds Office

MPUMALANGA

Physical Address

ENTOKOZWENI

Property Type

Freehold

Extent / Size

 

Purchase Date

2010/01/19

Purchase price

R1586183.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T532/2010

Erf/Site No.

1179

Deeds Office

VRYBURG

Physical Address

34 MIMOSA 1160-0040-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2010/02/17

Purchase price

R1000000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T533/2010

Erf/Site No.

2144

Deeds Office

VRYBURG

Physical Address

16 BEGONIA 1160-0080-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2010/02/10

Purchase price

R1000000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T537/2010

Erf/Site No.

4720

Deeds Office

VRYBURG

Physical Address

1160-0070-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2010/02/17

Purchase price

R1400000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T538/2010

Erf/Site No.

2190

Deeds Office

VRYBURG

Physical Address

29 HIBISCUS 1160-0080-000 KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2010/02/10

Purchase price

R1250000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Title Deed No.

T702/2010

Erf/Site No.

4671

Deeds Office

VRYBURG

Physical Address

KURUMAN

Property Type

Freehold

Extent / Size

 

Purchase Date

2010/02/10

Purchase price

R1400000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Principals

 

Number of Principals

0

Average Age of Active Principals

0


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.62

UK Pound

1

Rs.99.12

Euro

1

Rs.78.89

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TPT

 


 

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%)

 

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.