MIRA
INFORM REPORT
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Report Date : |
31.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
HERMES CONES AND SNACKS MANUFACTURING |
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Registered Office : |
87-89 Rustenburg Road Kurgersdorp Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
14 April 1999 |
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Com. Reg. No.: |
1999/019799/23 |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME
HERMES CONES AND SNACKS MANUFACTURING
PHYSICAL ADDRESS
87-89 Rustenburg Road
KURGERSDORP
Gauteng
TELEPHONE NUMBER: 011 953 3757
On investigation contact was made with a respondent who confirmed that the assets and operations of the sole proprietorship, KONSTANDINOS MAVROPOULOS-VAGELIS were incorporated into DENCOS CONES AND SNACKS CC. Contact was made with a respondent who declined to assist with any information telephonically and requested that an email questionnaire be forwarded. This was duly sent and to date no reply has been forthcoming. As soon as information is forthcoming the same will be compiled and forwarded to our client.
Nevertheless, please see statutory information obtained from CIPRO below:
COMPANY NAME
DENCOS CONE AND SNACKS CC
ADDRESSES ON CIPRO
REGISTERED ADDRESS:
First Floor
Minerva Building
65 Ockerse Street
KRUGERSDORP
1739
POSTAL ADDRESS
P O Box 226
KRUGERSDORP
1740
MEMBERS
EVRISTHENI MAVROPOULOS-VAGELIS
ID No. 5405080198001
Postal Address: P O Box 5269, West Krugersdorp 1742
Date Appointed: 14 April 1999
Interest Held: 50%
KONSTANDINOS MAVROPOULOS-VAGELIS
ID No. 4804145003084
Postal Address: P O Box 5269, West Krugersdorp 1742
Date Appointed: 14 April 1999
Interest Held: 50%
DATE REGISTERED
14 April 1999
Registration Certificate Number: 1999/019799/23
AUDITORS
HARTMAN MCASLIN AND DIPPENAAR
Postal Address: P O Box 226, Krugersdorp 1740
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%)