MIRA
INFORM REPORT
|
Report Date : |
11.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
OVAL FREIGHT CC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
15 June 2006 |
|
|
|
|
Com. Reg. No.: |
2006/098817/23. |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
-- |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
COMPANY NAME
OVAL FREIGHT FORWARDERS CC
TRADING NAME
POSTAL ADDRESS
LENASIA
1820
TELEPHONE NUMBER: 011 392 5901
FAX NUMBER: 011 392 4262
On investigation contact was made with a respondent who declined to assist with information and requested that a questionnaire be forwarded. This was duly sent and to date no reply has been forthcoming
Nevertheless, please see statutory information obtained from CIPRO below:
COMPANY NAME
OVAL FREIGHT CC
ADDRESSES ON CIPRO
REGISTERED ADDRESS
Extension 3
LENASIA
1827
POSTAL ADDRESS
FORDSBURG
2033
MEMBERS
JITENDRA JOSHI
Passport No. F6819520
Residential Address:
Postal Address:
Date Appointed: 15 June 2006
Interest Held: 33%
RAHUL JOSHI
Passport No. E5321414
Residential Address:
Postal Address:
Date Appointed: 15 June 2006
Interest Held: 34%
DEEPAK SUMANI
Passport No. E1798473
Residential Address:
Postal Address:
Date Appointed: 15 June 2006
Interest Held: 33%
DATE REGISTERED
15 June 2006
Registration Certificate Number : 2006/098817/23.
MEMBERS CONTRIBUTION
R100
AUDITORS
AR-RAHAMAN ACCOUNTING SERVICES
Business Address:
Postal
Address: As above
YEAR END
FEBRUARY
COMMENTS
As soon as information is forthcoming same will be compiled and forwarded to our client.
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 |
|
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%)