MIRA INFORM REPORT

 

 

Report Date :

19.01.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

SEASON’S STAR TRADING 292 CC

 

 

Registered Office :

2 Harmony Road, Silverglen, Chatsworth 4092

 

 

Country :

South Africa

 

 

Date of Incorporation :

10.03.2003

 

 

Com. Reg. No.:

2003/018854/23

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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

 

SEASON’S STAR TRADING 292 CC

 

 

TRADING NAME 

 

EXOTIC STONES

 

 

PHYSICAL ADDRESS

 

2 Harmony Road

Silverglen

Chatsworth

Kwazulu Natal

Telephone Number:                  031 401 6178

Fax Number:                             031 674 6200

 

On investigation it was established that the member, J RAMSAMI, who is the only person to assist with information on the subject, is currently in India and will only be back on 24 January 2011.  Further investigations will then be instituted and forwarded. 

 

Nevertheless, the following information was obtained:

 

 

COMPANY NAME

 

SEASON’S STAR TRADING 292 CC

 

 

ADDRESSES ON CIPRO

 

PHYSICAL ADDRESS:               

2 Harmony Road

Silverglen

Chatsworth

4092

 

 

POSTAL ADDRESS        

 

As above mentioned

 

MEMBERS

 

JAYPRAKASHNIE RAMSAMI

ID No.  6411100208084

Residential Address: 2 Harmony Road, Silverglen, Chatsworth

Postal Address:  P O Box 3073, Durban, 4000

Date Appointed:  16 April 2003

Interest:  100%

 

 

DATE REGISTERED

 

10 March 2003

Registration Certificate Number: 2003/018854/23

 

 

MEMBERS CONTRIBUTION

 

R10

 

 

AUDITORS    

 

A C KHAN

Postal Address:  P O Box 48268, Qualbert, 4078

 

 

YEAR END    

 

FEBRUARY

 

 

COMMENTS

 

As soon as any information regarding the subject is obtained, same will be forwarded.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.53

UK Pound

1

Rs.72.56

Euro

1

Rs.60.62

 

 

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

----

NB

New Business

----

 

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.