MIRA INFORM REPORT
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Report Date : |
31.10.2011 |
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 : |
Closed 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 30th, 2011
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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 the member of the subject declined to assist
telephonically.
An email questionnaire was sent and we await a reply.
However please see the available information below.
Company Information
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Registered
Name |
VIRTUAL IMPORTS AND EXPORTS CC |
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Trading
as/ Division Name |
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Previous Name |
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Date of Name
Change |
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Registration
Number |
2007/097342/23 |
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Registration
Date |
2007-05-15 |
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Date Commenced
Trading |
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History of
Business |
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History of
Principals |
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Members of
subject and % holding |
100% M TULSI |
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Members
Contribution |
R100 |
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Age of Company |
4 years 5 months |
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Status |
Active |
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Operations
Assessment |
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Industry/
Customers |
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Export |
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Major Industry
Code / SICC |
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Definition of
Code |
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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 |
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Web Site Address |
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Auditors Information
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Company
Registered Name |
MAYAR SHAH |
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Trading Name |
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Registration
Number |
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Physical Address |
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Postal Address |
P O Box 3796 DURBAN 4000 |
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Contact Person |
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Contact Number |
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Email |
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Principals |
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Judgements
Against Subject |
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Judgements
Against Principals |
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Subject Verified
as Client |
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Practice Number |
03343091 |
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VAT Number |
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Tax Number |
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BEE Status |
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Financial Year
End |
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Years With
Auditors |
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Website |
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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 |
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 |
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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Property Type: |
No information on record |
Stand Number: |
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Street Number: |
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Street Name: |
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Municipal Suburb: |
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Municipal City: |
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Township Name: |
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Province: |
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Deeds Office: |
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Transfer ID: |
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Title Deed Number: |
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Purchase Date: |
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Transfer Date: |
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Erf Size: |
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Sold Price: |
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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
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Number of Judgements |
No information on record |
Debt Review
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Debt review |
No information on record |
Other
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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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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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.82 |
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UK Pound |
1 |
Rs.78.57 |
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Euro |
1 |
Rs.69.29 |
RATING EXPLANATIONS
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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 |
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<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.