MIRA
INFORM REPORT
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Report Date : |
28th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
SUPRATOV
INVESTMENTS CC |
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Registered Office : |
1 Manchester Road, Wadeville, Germiston, Gauteng |
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Country : |
South
Africa |
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Date of Incorporation : |
26.10.1999 |
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Com. Reg. No.: |
1999/060306/23 |
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Legal Form : |
Limited
Liability |
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Line of Business : |
Importers
and distributors of packaging materials |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
COMPANY NAME
SUPRATOV INVESTMENTS CC
PHYSICAL ADDRESS
1 Manchester Road
Wadeville
GERMISTON
Gauteng
POSTAL ADDRESS
P O Box 14948
WADEVILLE
1422
TELEPHONE NUMBER
011 827
7747
FAX NUMBER
011 827
7754
MEMBERS
100% MRS S KONFORTY ID No. 4607240154088
ASSOCIATE COMPANIES:
None
BANKERS
STANDARD
BANK, Sandton Branch, Account Number: 022670491. It was stated that the subject does enjoy overdraft
facilities. Utilisation is stated to be
partial but further information was not forthcoming from the respondent.
DATE REGISTERED
26
October 1999
Registration
Certificate Number: 1999/060306/23
VAT NUMBER
4640197650
MAJOR OPERATION
Importers
and distributors of packaging materials
MAJOR SUPPLIERS
The
subject imports all of its supplies and deals locally with:
ROHLIG
EGL
MAJOR CUSTOMERS OR BUSINESS
SECTORS:
Packaging
industries
AREA OF DISTRIBUTION AND SELLING
South
Africa
EXPORTS
Zimbabwe
TOTAL EMPLOYEES
2
OTHER PREMISES
It is
reported that the subject has a warehouse in Jet Park
OWNED OR LEASED
The heading premises are reported
to be owned by the subject whilst the warehouse premises are
reported to be leased.
MEMBERS CONTRIBUTION
Nominal
Full
financial information was not forthcoming from respondents at the company and
outside authorities were unable to assist in this regard.
AUDITORS
JACK
LEON LURIE
YEAR END
FEBRUARY
INSURANCE BROKERS
GUTTON
INSURANCE BROKERS
TRADE REFERENCES
PERIOD HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
CREDIT CREDIT PATTERN
1. Feb 2006 R250
000 R100 000 30 days 30 days Very good
2. June 2006 R500
000 R400 000 30 days 30 days Very good
COMMENTS
This is
an established business, which imports most of its supplies. The subject is meeting its commitments
timeously but does not appear to have a long standing relationship with its
suppliers. However, we have not traced
dealings to an extent of US$1 000 000 and would prefer to see a far lesser
amount on a letter of credit basis. The
lack of financial information should be borne in mind.
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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