MIRA INFORM REPORT

 

 

Report Date :

26.10.2007

 

IDENTIFICATION DETAILS

 

Name :

TRIFECTA TRADING 186 (PTY) LTD

 

 

Registered Office :

Unit 19, Nickle Street, Technikon, Roodepoort, Gauteng,

 

 

Country :

South Africa

 

 

Date of Incorporation :

13.05.2002

 

 

Com. Reg. No.:

2002/011058/07

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Traders in various food items

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

US$1 000 000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct 

 

 

Litigation :

Clear

 

 

COMPANY NAME

 

TRIFECTA TRADING 186 (PTY) LTD

 

 

ADDRESS

 

PHYSICAL ADDRESS

 

Unit 19

Nickle Street

Technikon

Roodepoort

Gauteng

 

POSTAL ADDRESS

 

P O Box 1484

NORTHCLIFF

2115

TELEPHONE NUMBER  : 011 678 8688 (home)

FAX NUMBER               : 086 648 3787

CELLULAR NUMBER     : 072 283 6967

 

 

SHAREHOLDERS

 

100%    R A ROSSUDOWSKI

 

 

ASSOCIATE COMPANIES

 

None

 

 

DIRECTORS

 

R A ROSSUDOWSKI                 ID No. 5411035219082

 

 

BANKERS

 

ABSA BANK, Northcliff Branch, Account Number: 405783637.  It was stated that the subject does not require overdraft facilities as credit balances are maintained at the bank.

 

 

DATE REGISTERED

 

13 May 2002

Registration Certificate Number: 2002/011058/07

 

 

VAT NUMBER

 

4320201371

 

 

MAJOR OPERATION

 

Traders in various food items

 

 

MAJOR SUPPLIERS

 

RHODES FOODS

MARBLE GOLD

 

As well as other suppliers on a COD basis

 

 

MAJOR CUSTOMERS OR BUSINESS SECTORS

 

Various food industry

 

 

AREA OF DISTRIBUTION AND SELLING

 

South Africa

 

 

EXPORTS

 

None

 

 

TOTAL EMPLOYEES

 

2

 

 

OTHER PREMISES

 

None

OWNED OR LEASED

 

The premises are reported to be leased

 

 

AUTHORISED SHARE CAPITAL

 

R100 divided into 100 ordinary shares of R1 each

 

 

ISSUED SHARE CAPITAL

 

R100

 

The following estimated financial situation was submitted:

 

STOCK                                                             minimal

DEBTORS                                                    R   200 000

CASH                                                          R   100 000

CREDITORS                                 R50 000 – R   100 000

TURNOVER per annum                                 R2 000 000

 

 

AUDITORS

 

PENTA FINANCIAL SERVICES

 

 

YEAR END

 

FEBRUARY

 

 

INSURANCE BROKERS

 

UNINSURED

 

 

TRADE REFERENCES

 

            ACCOUNT         HIGHEST          AVERAGE        TERMS             PAYMENT        EXPERIENCE

            OPENED          CREDIT CREDIT                         PATTERN

 

1.         2 mths              open                 R100 000          30 days             25-30 days        Excellent

 

2.         01/2007 R10 000            R2 500              30 days             30 days             Excellent

 

COMMENTS

 

This is an established business which prefers to pay on a COD basis.  The subject is meeting its local commitments timeously.  We have not traced dealings to an extent of US$1 000 000 and would prefer to see a far lesser amount spread and secured.

 

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