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MIRA
INFORM REPORT
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Report Date : |
20th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
POLYFLAIR
(PTY) LTD |
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Registered Office : |
11
Eagle Road, Missionland, Venylam, Durban, Kwazulu Natal. |
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Country : |
South
Africa |
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Date of Incorporation : |
31.08.1995 |
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Com. Reg. No.: |
1995/009273/07 |
RATING & COMMENTS
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MIRA’s Rating : |
NR (No
Rating) – Insufficient Information |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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Status : |
Undetermined
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Payment Behaviour : |
-- |
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Litigation : |
-- |
COMPANY NAME
POLYFLAIR
(PTY) LTD
PHYSICAL ADDRESS
11 Eagle
Road
Missionland
VERULAM
Durban
Kwazulu Natal
TELEPHONE NUMBER
(032)
533-1332
On
investigation contact was made with a director who declined to assist with
information telephonically and requested that an e-mail questionnaire be
forwarded. This was duly sent and to
date no reply has been forthcoming.
Upon
further contacting the director, he stated that he is very busy at present and
would only be able to complete the questionnaire next week.
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
POLYFLAIR
(PTY) LTD
ADDRESSES ON CIPRO:
PHYSICAL ADDRESS
11 Eagle
Road Missionlands
VERULAM
4340
POSTAL
ADDRESS
P O Box 1081
VERULAM
4340
DIRECTORS
SHAILENDRA
RAMESH MAHARAJ Identity
number: 6505055165056
Residential
address :
14 Addison Drive, La Lucia, 4051
Postal
address :
P O Box 2094, La Lucia, 4051
MUBEEN
AHMED SIDDIQI Identity
number: 6907205120082
Residential
address : 7 Ridge Road, Isipingo Beach, 4115
Postal
address : P O Box 26294, Isipingo Beach, 4115
DATE REGISTERED
31
August 1995
Registration
Certificate Number 1995/009273/07
AUDITORS
SAB AND
T INCORPORATED
FINANCIAL YEAR END
MAY
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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