MIRA INFORM REPORT

 

 

Report Date :           

11.05.2011

 

IDENTIFICATION DETAILS

 

Name :

CONSTANT TRADING CC

 

 

Registered Office :

4c Blair Atholl Road, New Germany, 3610

 

 

Country :

South Africa

 

 

Date of Incorporation :

12.04.1999

 

 

Com. Reg. No.:

1999/019056/23

 

 

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

 

CONSTANT TRADING CC

 

 

PHYSICAL ADDRESS

 

90 Mypark Drive

South Beach Unit 24 Bridge Park

North Coast Road

Bucanan Park

Durban

Kwazulu Natal0

 

 

Postal Address

 

P O Box 74484

Rochdale Park

4034

Telephone Number:     031 579 5501

Fax Number:                031 579 5502

 

On investigation contact was made with the member, DEEPAK CHOPRA, who declined to assist with information on the subject telephonically and requested that a standard questionnaire be emailed.  This was duly done. 

 

Contact was once again made with the member, who confirmed that he received the relevant email and that he is only prepared to assist with statutory information on the subject.  It was stated that the questionnaire will be completed at his earliest convenience.  To date no reply has been forthcoming.  As soon as any further information regarding the subject is obtained, same will be forwarded.

 

Nevertheless, please see statutory information obtained from COMPANIES AND INTELLECTUAL PROPERTY COMMISSION (CIPC) below:

 

 

COMPANY NAME

 

CONSTANT TRADING CC

 

ADDRESSES ON CIPRO

 

PHYSICAL ADDRESS: 

4C Blair Atholl Road

NEW GERMANY

3610

 

POSTAL ADDRESS:

90 Mypark Drive

PARLOCK

Durban

4001

 

 

MEMBERS

 

DEEPAK CHOPRA

ID No. 6612305244184

Residential Address: 90 Mypark Drive, Parlock, Durban, 4001

Postal Address: 90 Mypark Drive, Parlock, Durban, 4001

Interest Held: 100%

 

 

DATE REGISTERED

 

12 April 1999

Registration Certificate Number:  1999/019056/23

 

 

VAT NUMBER          

 

4470183205

 

 

TAX NUMBER

 

9059261207

 

 

YEAR END    

 

FEBRUARY

 

COMMENTS

 

In view of the lack of information on the subject, we are not in a position to recommend credit dealings to an extent of $1 000 000.

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.73

UK Pound

1

Rs.73.21

Euro

1

Rs.63.90

 

 

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.