MIRA
INFORM REPORT
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Report Date : |
17.10.2007 |
IDENTIFICATION DETAILS
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Name : |
MARKET DEMAND TRADING 445 (PTY) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
8 February 2007 |
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Com. Reg. No.: |
2007/003990/07 |
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Legal Form : |
Private Limited Liability Company |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY NAME
GFG GREENFIELD GROUP
POSTAL ADDRESS
7441
TELEPHONE NUMBER: 021 552 2389
FAX NUMBER: 0866 061 451
note
On investigation it was established that the correct registered name of the subject is MARKET DEMAND TRADING 445 (PTY) LTD. Contact was made with the Financial Director of the subject who declined to assist with information telephonically and therefore an email questionnaire was forwarded. To date no reply has been forthcoming.
Nevertheless, please see statutory information obtained from CIPRO below:
COMPANY NAME
MARKET DEMAND TRADING 445 (PTY) LTD
ADDRESSES ON CIPRO
REGISTERED ADDRESS
POSTAL ADDRESS
As above
DIRECTORS
GAVINA DEVENISH
ID No. 7405070128081
Physical Address:
Postal Address:
Date Appointed: 1 May 2007
MARTIN VAN SCHALKWYK
ID No. 7611095175086
Physical Address: 102
Postal Address: As Residential
Date Appointed: 10 April 2007
DATE REGISTERED
8 February 2007
Registration Certificate Number : 2007/003990/07
AUTHORISED SHARE
CAPITAL
R1 divided into 1 ordinary share of R1
ISSUED SHARE
CAPITAL
R12
AUDITORS
REYNEKE AND ASSOCIATES
Business Address: Oak Leaf Terrace,
Postal Address: P
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. |
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%)