MIRA
INFORM REPORT
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Report Date : |
24th February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
MIGHTY BULL
INVESTMENTS CC |
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Registered Office : |
2nd
Floor, Building 3, Parc Du Cap,
Mispel Road, Bellville, Western Cape |
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Country : |
South Africa |
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Date of Incorporation : |
20.11.2002 |
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Com. Reg. No.: |
2002/098347/23 |
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Legal Form : |
Limited Liability Company |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
COMPANY NAME
NATAL WHOLESALE
JEWELLERYS
PHYSICAL ADDRESS
Shop 136
Canal Walk Shopping Centre
Century Boulevard
Century City
CAPE TOWN
Western Cape
TELEPHONE NUMBER
021 555 2603
On investigation it
was established that the correct name of the company is MIGHTY BULL INVESTMENTS
CC trading as NATAL WHOLESALE JEWELLERS.
Contact was made with the Member who stated that the subject’s only
creditor is NWJ QUALITY JEWELLERS (PTY) LTD and therefore declined any
information.
It is suggested our
client confirm with which company they are dealing so that further
investigations may be instituted. If
possible, please supply the name of the enquirer.
Please see CIPRO
search attached.
This report has
been compiled, at the express wishes of our client, from the held at the
Companies and Intellectual Property Registration Office (CIPRO) in
Pretoria. It should be noted, however,
that the Registrars records are often out of date (especially names of
directors detailed on the CM29 forms), incorrect in certain details and are
difficult to access timeously (as is the case with other African countries) and
for this reason we are unable to vouch for the validity of the information
contained herein.
Should you be in
possession of our full report you may well find, because of the foregoing, that
the information contained therein could differ from the Company Search Report.
COMPANY NAME
MIGHTY BULL
INVESTMENTS CC
ADDRESSES ON CIPRO RECORDS:
PHYSICAL ADDRESS
2nd
Floor, Building 3
Parc du Cap
Mispel Road
BELLVILLE
Western Cape
POSTAL
ADDRESS
P O Box 52092
WATERFRONT
8002
MEMBERS
VALERIE TERESA
ARONSON
ID No.
5807220040086
Residential
Address: 4b Gantouw Crescent, Constantia, 7806
Postal Address: P O
Box 52092, Waterfront, 8002
Date Appointed: 11
August 2005
Interest Held: 100%
DATE REGISTERED
20 November 2002
Registration
Certificate Number: 2002/098347/23
MEMBERS CONTRIBUTION
R100
AUDITORS
JOHANNES PETRUS VAN
DEN BERG
Postal Address: P O
Box 5323, Tygervalley, 7536
YEAR END
FEBRUARY
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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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