MIRA INFORM REPORT

 

 

Report Date :

20.11.2007

 

IDENTIFICATION DETAILS

 

Name :

MALABARICA TRADING CC

 

 

Registered Office :

7th Floor, 5 St Georges, St Georges Mall, Cape Town, Western Cape

 

 

Country :

South Africa

 

 

Date of Incorporation :

23 June 2006

 

 

Com. Reg. No.:

2006/103445/23

 

 

Legal Form :

Limited Liability Company

 

RATING & COMMENTS

 

MIRA’s Rating :

NR

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

Status :

Undetermined

COMPANY NAME

 

MALABARICA TRADING CC

 

 

PHYSICAL ADDRESS

 

4th Floor

28 Exchange Building

St George’s Mall

CAPE TOWN

Western Cape

 

 

note

 

On investigation attempts to establish a telephone number for the subject proved unsuccessful.

 

Nevertheless, please see statutory information obtained from CIPRO below:

 

 

COMPANY NAME

 

MALABARICA TRADING CC

 

 

ADDRESSES ON CIPRO

 

REGISTERED ADDRESS

7th Floor

5 St Georges

St Georges Mall

CAPE TOWN

Western Cape

 

POSTAL ADDRESS

P O Box 43

CAPE TOWN

8000

 

 

MEMBERS

 

CHERISE DOLBY

ID No. 8108050193088

Physical Address: 6 Grey Court, Sir George Street, Oranjezicht, 8001

Postal Address: As Residential

Date Appointed: 23 June 2006

Interest Held: 5%

 

 

BALAKRISHNAN KUNHI PURAYIL

D.O.B. 450801

Physical Address: Hindustan Bhavan, Alavila, Kannur District, Kerala 670008, Indiat

Postal Address: As Residential

Date Appointed: 23 June 2006

Interest Held: 16.67%

 

ANILKUMAR KUHNIPURAYIL PUNNAKKAL

D.O.B. 531018

Physical Address:8 Vrindavanam Colony, Chettichira Road, Ernakulam Kelara, India 6282019

Postal Address: As Residential

Date Appointed: 23 June 2006

Interest Held: 16.66%

 

JAYAKUMAR KUHNIPURAYIL PUNNAKKAL

D.O.B. 500403

Physical Address: Hindustan Bhavan, Alavila, Kannur District, Kerala 670008, India

Postal Address: As Residential

Date Appointed: 23 June 2006

Interest Held: 16.67%

 

 

DATE REGISTERED

 

23 June 2006

Registration Certificate Number : 2006/103445/23

 

 

MEMBERS CONTRIBUTION

 

R12

 

 

AUDITORS

 

HORWATH ZELLER KARRO

Postal Address: P O Box 43, Cape Town, 8000

 

 

YEAR END

 

FEBRUARY

 

 

COMMENTS

 

Contact was made with the subject’s auditors HORWATH ZELLER KARRO on 021 481 7000, who stated that they believe all the Members are in India and there are no contact numbers available for India or South Africa for the subject.  It was also stated that they are not the current accountants for the subject.  It would therefore be greatly appreciated if our client could please submit any other information to assist us with this enquiry such as a telephone or contact number, email address in order to institute further investigations.  At present we are not in a position to recommend credit dealings.

 

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.

 

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%)

 

 

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