MIRA INFORM REPORT

 

 

Report Date :

9th November, 2006

 

IDENTIFICATION DETAILS

 

Name :

EMET DIAMOND CUTTING WORKS (PTY) LIMITED

 

 

Registered Office :

Sade Suite 305A, 255 Main Street, Johannesburg, Gauteng

 

 

Country :

South Africa

 

 

Date of Incorporation :

29.06.1973

 

 

Com. Reg. No.:

1973/008018/07

 

 

Legal Form :

Pty Limited

 

RATING & COMMENTS

 

MIRA’s Rating :

NR (No Rating)

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

Status :

Undetermined

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

 

 

 

COMPANY NAME     

 

EMET DIAMOND CUTTING WORKS (PTY) LTD

 

 

PHYSICAL ADDRESS    

 

Sade Suite 305A

255 Main Street

JOHANNESBURG

Gauteng

 

 

POSTAL ADDRESS   

 

P O Box 1066

HOUGHTON

2041

 

 

TELEPHONE NUMBER

 

(011) 334-8977

 

On investigation upon dialling the heading contact number, it converted to the cellular phone of Mr Yosef.  He stated that he is overseas at present and would return in approximately 2 weeks and that the investigator should contact him at a later stage.

 

Further investigations will be instituted and as soon as information is forthcoming, a report will be compiled and forwarded to our client.

 

The following statutory information was obtained from CIPRO:

 

 

COMPANY NAME

 

EMET DIAMOND CUTTING WORKS (PTY) LTD

 

 

ADDRESSES ON CIPRO

 

PHYSICAL ADDRESS

           

First Floor West Wing Block B

Sandhavon Office Park

12 Pongola Crescent

SANDTON

2148

 

POSTAL ADDRESS

                       

P O Box 37172

BIRNAM PARK

2015

 

 

DIRECTORS

 

YOSEF ILLOS              

Identity number              :  7110205447089

Residential address        :  40 Aspen Estate, Kopje Road, Morningside, 2196

Postal address              :  P O Box 1066, Houghton, 2041

 

 

DATE REGISTERED

 

29 June 1973

Registration Certificate Number 1973/008018/07

 

 

AUDITORS

 

WITRIN AND ASSOCIATES

 

 

FINANCIAL YEAR END  

 

SEPTEMBER

 

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

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