MIRA INFORM REPORT
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Report Date : |
07.11.2011 |
IDENTIFICATION DETAILS
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Name : |
VIRTUAL IMPORTS AND EXPORTS CC |
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Registered Office : |
17 Sunset Avenue Woodhrust Chatsworth Kwazulu Natal |
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Country : |
South Africa |
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Date of Incorporation : |
15.05.2007 |
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Com. Reg. No.: |
2007/097342/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Undetermined |
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Payment Behaviour : |
---- |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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South Africa |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Assessment
On investigation contact was made with the
owner of the subject.
He was reluctant to help with information over
the phone therefore an email questionnaire was forwarded.
It has been over a week and still no reply.
Messages and reminder emails have also been
sent.
It seems as though he is not prepared to
assist.
Please see details available below.
Should any further information be forthcoming
it will be forwarded.
At present we cannot recommend credit
dealings.
Company Information
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Registered
Name |
VIRTUAL IMPORTS AND EXPORTS CC |
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Registration
Number |
2007/097342/23 |
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Registration
Date |
2007-05-15 |
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Members of
subject and % holding |
100% M TULSI |
|
Members
Contribution |
R100 |
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Age of Company |
4 years 5 months |
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Status |
Active |
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Head Office
Physical Address |
17 Sunset Avenue WOODHRUST Chatsworth KwaZulu Natal |
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Head Office
Postal Address |
P O Box 561227 WOODHURST |
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Current Tel
Number Cell number |
084 659 9779 |
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Current Fax
Number |
031 561 7485 |
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Current Email
Address |
virtualimports@hotmail.com |
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Web Site Address |
None |
Auditors Information
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Company
Registered Name |
MAYAR SHAH |
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Postal Address |
P O Box 3796 DURBAN 4000 |
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Practice Number |
03343091 |
Previous Auditors
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Company Name/ Tel |
Time With Previous Auditors |
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Unknown |
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Tax Information
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Vat Number |
4920238526 |
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Status |
Active |
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Vat Liable Date |
2007-08-01 |
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Tax Number |
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Tax Clearance
Expire Date |
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Financial Year
End |
February |
Black Economic Empowerment
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Status |
Unavailable |
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Score |
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Expire Date |
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BEE Certificate
Available |
Yes/No |
ISO Status
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Type of ISO
Grade |
Unavailable |
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ISO Certificate |
Yes/No |
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ISO Certificate
Available |
Yes/No |
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Certified by
anAccredited Agent |
Yes/No |
Workman’s compensation
|
Registered |
Unavailable |
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Compliance
Certified |
Yes/No |
Company Structure
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Branches |
Unavailable |
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Subsidiary
Company |
Unavailable |
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Number of
Employees |
Unavailable |
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1.
Salaried
employees |
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2.
Waged
employees |
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3.
Permanent
employees |
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4.
Casual
employees |
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5.
Contracted
employees |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
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Fleet Operations |
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The Fleet is
made up of |
Unavailable |
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1.
Cars |
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2.
Light
Delivery Vehicles |
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3.
Trailers |
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4.
Busses |
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5.
Trucks |
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6.
Fork
Lifts |
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7.
Other |
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Head
OfficeOwned/ Rented |
Unavailable |
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Rental Company |
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Owned by |
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Value |
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Bond |
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Bank |
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Lease Agreement |
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Lease Expire
Date |
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Type of Premises |
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Branches Owned/
Rented |
Unavailable |
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Rental Company |
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Owned |
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Value |
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Bank |
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Bond |
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Lease Agreement |
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Lease Expire
Date |
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Type of Premises |
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Trade References
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Supplier |
Contact |
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Unavailable |
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Trade References
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Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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Unavailable |
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Adverse Information on Subject
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Judgements |
No information on record |
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Possible
Judgements |
No information on record |
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Civil Court
Records |
No information on record |
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RDs |
No information on record |
Default Data
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Date |
Details |
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No information on record |
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Notarial Bonds
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Date |
Details |
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No information on record |
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Deeds Information
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Property Interest |
|||
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Title Deed No. |
None on record |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Bank Information
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Bank |
Unavailable |
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Branch |
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Bank Account
Number |
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Type of Account |
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Branch Code |
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Account Name |
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Overdraft
Facilities |
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Date Opened |
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Bank Code |
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Bank Comment |
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Bank CodesHistory
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Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
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None |
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Previous Bank Accounts
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Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Financial Information
Financial Estimates
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CURRENT ASSETS |
Unavailable |
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Stock |
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Debtors |
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Cash on Hand |
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FIXED ASSETS |
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Plant, Equipment,
Vehicles |
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Property |
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CURRENT
LIABILITIES |
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Creditors |
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Loans/ From? |
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LONG TERM
LIABILITIES |
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Morgage Bonds |
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ANNUAL / MONTHLY
Turnover |
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Previous Year
Turnover |
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Estimated
Current Year Turnover |
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Principals
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Number of
Principals |
1 |
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Average Age of
Active Principals |
28 |
Active Principals
Principal 1 of 1
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Surname |
TULSI |
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First Names |
Mitesh |
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Marital Status |
Unknown |
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ID Number |
8307145112083 |
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Verified ID
Number |
Yes |
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Current Age |
28 |
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Designation |
Member |
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Status |
Active |
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Appointment Date |
2007-05-15 |
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Address (at time
of Appointment) |
17 Sunset Avenue WOODHURST Chatsworth 4092 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
No information on record |
Debt Review
|
Debt
review |
No information on record |
Other
|
Default data |
No information on record |
Business Information on Principal
Current Business Interests
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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No additional business interests |
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Previous Business Interests
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Average Age of
Previous Business Interests |
5 years 8 months |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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PLAY AGAIN STATION
CC |
2006/016170/23 |
Deregistration
final |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
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Title Deed No. |
542559/2007 |
Erf/Site No. |
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Deeds Office |
PIETERMARITZBURG |
Physical Address |
43 Lakeside Mount Edgecombe Country Estate 2 MOUNT EDGECOMBE |
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Property Type |
Freehold / Ervin |
Extent / Size |
760.0sqm |
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Purchase Date |
2007-04-24 |
Purchase price |
R650 000 |
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% Ownership |
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Bond Holder |
FIRST RAND BANK LTD |
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Bond Number |
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Bond Amount |
R702 000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
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|
1 |
Rs.78.65 |
|
Euro |
1 |
Rs.67.79 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.