MIRA INFORM REPORT

 

 

 

 

Report Date :

24th January, 2007

 

IDENTIFICATION DETAILS

 

Name :

UNITY DIAMOND DISTRIBUTIORS (PTY) LTD.

 

 

Registered Office :

27 Ridge Road, 209 2nd Floor, East Tower, PARKTOWN, Johannesburg, Gauteng

 

 

Country :

South Africa

 

 

Date of Incorporation :

04.01.1982

 

 

Com. Reg. No.:

1982/000009/07

 

 

Legal Form :

Private Company

 

 

Line of Business:

Sale of polished diamonds.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

26-40

B

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

Small

 

Status :

Fair

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

COMPANY NAME

 

UNITY DIAMOND DISTRIBUTORS (PTY) LTD

 

 

PHYSICAL ADDRESS    

 

27 Ridge Road

209 2nd Floor

East Tower

PARKTOWN

Johannesburg

Gauteng

 

 

POSTAL ADDRESS    

 

P O Box 2940

PARKLANDS

2121

 

 

TELEPHONE NUMBER   

 

011 484 2594

 

 

FAX NUMBER

 

011 484 3219

 

 

SHAREHOLDERS

 

M GERSCHLOWITZ

B B SHER

 

 

ASSOCIATE COMPANIES

 

None

 

 

DIRECTORS

 

M ERSCHLOWITZ                     ID No. 7208175204082

B B SHER                                 ID No. 5110235032002

BANKERS

 

Declined.  We are awaiting for respondents to obtain permission from the Directors of the Company to divulge the identity of their bankers.

 

 

DATE REGISTERED

 

4 January 1982

Registration Certificate Number: 1982/000009/07

 

 

VAT NUMBER    

 

4550121067

 

 

MAJOR OPERATION

 

Sale of polished diamonds

 

 

MAJOR SUPPLIERS

 

Respondents declined to submit the identity of suppliers and are first asking the Director’s permission to do so.  Should the suppliers be available, trade references will be contacted.

 

 

MAJOR CUSTOMERS OR BUSINESS SECTORS

 

Jewellery traders

 

 

AREA OF DISTRIBUTION AND SELLING   

 

South Africa

 

 

EXPORTS

 

Worldwide

 

 

TOTAL EMPLOYEES

 

10

OTHER PREMISES

 

None

 

 

OWNED OR LEASED

 

The premises are reported to be leased.

 

Full financial information was not forthcoming from respondents at the company and outside authorities were unable to assist in this regard.

 

 

AUDITORS

 

GRUDZ ZETS & COMPANY

 

 

YEAR END

 

FEBRUARY

 

 

INSURANCE BROKERS 

 

ASSOCIATED INSURANCE BROKERS

 

 

TRADE REFERENCES         

 

NOT AVAILABLE

 

 

COMMENTS

 

This is an established company, however, in view of the absence of payment pattern and financial information, we are not in a position to recommend credit dealings.  Should further details be made available the same shall be forwarded to our client.  This is a sensitive type of business from which to obtain information is difficult.

 

 

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