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MIRA INFORM REPORT

 

 

Report Date :            

22.04.2011

 

 

IDENTIFICATION DETAILS

 

Name :

R AND K CONTAINER DYNAMICS CC

 

 

Registered Office :

31 Bottlebrush Street, Palmridge, Germiston 1454

 

 

Country :

South Africa

 

 

Date of Incorporation :

06.11.2008

 

 

Com. Reg. No.:

2008/234431/23

 

 

Legal Form :

Closed Corporation

 

 

Line of Business :

----

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

 

 

Payment Behaviour :

----

 

 

Litigation :

----

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

South Africa

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COMPANY NAME

 

R AND K CONTAINER DYNAMICS CC

 

 

PHYSICAL ADDRESS    

 

31 Bottle Brush Street

Palm Ridge

Germiston

Gauteng

 

 

POSTAL ADDRESS   

 

P O Box 167650

Brackendown

1454

Telephone Number:                   011 904 1126 (House)

Fax Number:                              011 394 8572

Cell Number:                             082 786 5394

 

On investigation contact was made with the Member who declined to assist with any information telephonically and requested that the identity and full reason for the enquiry be made known before he would even assist with general information.  It was stated by the respondent that he only deals on a cash upfront basis with suppliers overseas and does not see the need in supplying any information.

 

Nevertheless, please see statutory information obtained from CIPRO below:

 

 

COMPANY NAME

 

R AND K CONTAINER DYNAMICS CC

 

 

ADDRESSES ON CIPRO

 

PHYSICAL ADDRESS:              

31 Bottlebrush Street

Palmridge

Germiston

1454

 

POSTAL ADDRESS:                 

P O Box 167650

Brackendowns

1454

 

 

MEMBERS

 

RAMALINGUM PILLAY

ID No. 5004035108080

Residential Address: 31 Bottlebrush Street, Palmridge, Germiston 1455

Postal Address: P O Box 167650, Brakendowns 1454

 

KRISHNASAMY GOVENDER

ID No. 5011115125082

Residential Address: 11 Beech Road, Cresslawn, Kempton Park 1619

Postal Address: P O Box 167650, Brackendowns 1454

 

 

DATE REGISTERED

 

6 November 2008

Registration Certificate Number: 2008/234431/23

 

 

YEAR END    

 

FEBRUARY

 

 

COMMENTS

 

Should our client wish to divulge the identity of the insured or the full reason for the enquiry, please advise soonest so that further investigations may be carried out.  At present we are not in a position to recommend credit dealings to an extent of US$1 000 000.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.33

UK Pound

1

Rs.72.92

Euro

1

Rs.64.69

 

 

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

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

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.