MIRA INFORM REPORT

 

 

Report Date :           

18.05.2011

 

IDENTIFICATION DETAILS

 

Name :

JUST PARTS CC

 

 

Registered Office :

K H Centre, Suite 104, 314 Grey Street, Durban  4001

 

 

Country :

South Africa

 

 

Date of Incorporation :

06.05.1995

 

 

Com. Reg. No.:

1995/003932/23

 

 

Legal Form :

Closed Corporation

 

 

Line of Business :

Wholesale and retail trade, repair of motor vehicles, motor cycles, personal and household items

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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

 

 Bottom of Form

 

COMPANY NAME

 

JUST PARTS CC

 

 

POSTAL ADDRESS   

 

P O Box 3087

Preston Dale

4021

TELEPHONE NUMBER:             031 700 5252

FAX NUMBER:                          031 700 5254

 

On investigation contact was made with the accountant who declined to assist with information telephonically and requested that a standard questionnaire be e-mailed.  This was duly done.

 

Contact was once again made with the respondent at a later stage who confirmed that he has received the relevant e-mail; however he is still awaiting permission from the members before completing the questionnaire and forwarding it to the investigator.  To date no reply has been forthcoming.

 

As soon as the relevant information is obtained, same will be forwarded to our client.

 

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

 

 

COMPANY NAME

 

JUST PARTS CC

 

 

ADDRESSES ON CIPRO

 

PHYSICAL ADDRESS: 

K H Centre

Suite 104

314 Grey Street

DURBAN

4001

 

POSTAL ADDRESS:

P O Box 48512

QUALBERT

4078

 

MEMBERS

 

RANJITH GAJAN

ID No. 4811225119052

Residential Address: Plot 1125, Maidstone, Upper Tongaat 4380

Postal Address: P O Box 48, Maidstone 4380

Interest Held: 50%

 

 

RADHA GAJAN

ID No. 5401060132052

Residential Address: Plot 1125, Maidstone, Upper Tongaat 4380

Postal Address:  P O box 48, Maidstone 4380

Interest Held:  50%

 

 

DATE REGISTERED

 

6 February 1995

Registration Certificate Number: 1995/003932/23

 

 

VAT NUMBER          

 

4240149353

 

TAX NUMBER

 

2091355592

 

 

MAJOR OPERATIONS

 

Wholesale and retail trade, repair of motor vehicles, motor cycles, personal and household items.

 

 

YEAR END

 

FEBRUARY

 

 

COMMENTS

 

Should further information become available a report will be submitted.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.07

UK Pound

1

Rs.63.57

Euro

1

Rs.72.97

 

 

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.