MIRA INFORM REPORT

 

 

 

 

Report Date :           

27.05.2011

 

IDENTIFICATION DETAILS

 

Name :

MAVERICK FLEXIBLE (PTY) LTD 

 

 

Formerly Known As :

AWARDING INVESTMENTS 16 (PTY) LTD

 

 

Registered Office :

75 Main Road, Diep River 7800

 

 

Country :

South Africa

 

 

Date of Incorporation :

20.04.20058

 

 

Com. Reg. No.:

2005/012037/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

----

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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

 

MAVERICK FLEXIBLE (PTY) LTD

 

 

PHYSICAL ADDRESS

 

25 Reen Avenue

Cape Town

Western Cape

Telephone Number:     021 699 1920

Cellular Number:         083 3318581

 

On investigation contact was made with A E JACKSON who stated that he will only assist with information if he is advised of the identity of the enquirer.  If our client is able to provide the identity of the enquirer, further investigations will be instituted and information forwarded.

 

Nevertheless, please see statutory information obtained from CIPRO below:

 

 

COMPANY NAME

 

MAVERICK FLEXIBLE (PTY) LTD

 

Formerly AWARDING INVESTMENTS 16 (PTY) LTD, the name having been changed on 17 June 2005.

 

 

ADDRESSES ON CIPRO RECORDS

 

REGISTERED ADDRESS:

75 Main Road

Diep River

7800

 

POSTAL ADDRESS:

P O Box 657

Plumstead

7801

 

 

DIRECTORS

 

ADRIAN ELLIS JACKSON

ID No.                           7608205219085

Physical Address:          18 Gordon Road, Somerset West, 7130

Postal Address:             P O Box 844, Epindust, 7475

Date Appointed:             23 May 2005

 

 

DATE REGISTERED

 

20 April 2005

Registration Certificate Number: 2005/012037/07

 

 

VAT NUMBER

 

4760221491

 

 

TAX NUMBER

 

9628421159

 

 

AUTHORISED SHARE CAPITAL

 

R1 000 divided into 1 000 ordinary R1 shares

 

 

ISSUED SHARE CAPITAL

 

R100

 

 

AUDITORS    

 

ALLIOTT ANDERSEN NELL INC

Business Address:         75 Main Road, Diep River, 7800

Postal Address:             P O Box 657, Plumstead, 7801

 

YEAR END    

 

FEBRUARY

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.29

UK Pound

1

Rs.73.84

Euro

1

Rs.64.18

 

 

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.