MIRA INFORM REPORT

 

 

Report Date :

18.08.2012

 

IDENTIFICATION DETAILS

 

Name :

MHUTI INVESTMENTS NO 1 CC

 

 

Registered Office :

7A Corporate Parksinenbe Office Parkumhlanga Ridge4320

 

 

Country :

South Africa

 

 

Date of Incorporation :

03.09.1992

 

 

Com. Reg. No.:

1992/024017/23

 

 

Legal Form :

Close Corporation

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

 

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 :

Dormant

Payment Behaviour :

Unknown

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

South Africa

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Summary

 

Subject Name

MHUTI INVESTMENTS NO 1 CC

Country

South Africa

Account Review

6 MONTHS

Subject Contact Person

SELWYN STOCK 031 5614510

Assessment

On the investigation we have established that the company became dormant in 2011 due to financial problems. At present we therefore cannot recommend any credit dealings. Please see the below information.

 

 

Company information

 

Registered Name

MHUTI INVESTMENTS NO 1 CC

Trading as/ Division Name

 

Previous Name

 

Date of Name Change

 

Registration Number

1992/024017/23

Registration Date

1992/09/03

Date Commenced Trading

1992-09-03

Age of Business

19 Years 11 Months

History of Business

 

History of Principals

 

Shareholders/Members/Partners of subject and % holding

100% SELWYN STOCK

Authorised Share Capital

 

Issued Share Capital/Members Contribution

 

Status

Inactive

Operations Assessment

 

Industry/ Customers

 

Export

 

Major Industry Code / SICC

9000

Definition of Code

Other activities not adequately defined.

Head Office Physical Address

7A CORPORATE PARKSINENBE OFFICE PARKUMHLANGA RIDGE4320

Head Office Postal Address

P 0 BOX 354UMHLANGA ROCKS4320

Current Tel Number

031 5614510

Cell Number

 

Current Fax Number

 

Current Email Address

 

Web Site Address

 

Comments

 

 

 

 

 

 

 

Auditors information

 

Company Registered Name

BRUCE MORISON AND ASSOCIATES

Trading Name

 

Registration Number

 

Physical Address

 

Postal Address

P 0 BOX 1233, SPRINGS, 1560

Contact Person

 

Contact Number

 

Email

 

Principals

 

Judgements Against Subject

 

Judgements Against Principals

 

Subject Verified as Client

 

Practice Number

911917E

VAT Number

 

Tax Number

 

BEE Status

 

Financial Year End

 

No of years in Business

Unknown

Website

 

Comment

 

 

 

Previous Auditors

 

Company Name

Phone Number

Time with previous auditors

Comment

YUNUS OMARJEE ISMAIL CA

 

Unknown

 

 

 

Tax information

 

Vat Number

4860134180

Status

ACTIVE

Vat Liable Date

1992/09/11

Tax Number

9087161841

Tax Clearance Expire Date

 

Financial Year End

February

Comment

 

 

Black Economic Empowerment Information - No Information on Record

ISO Information - No Information on Record

Work Mans Information - No Information on Record

 

Company Structure

 

Subsidiaries Information - No Information on Record

Employees Information - No Information on Record

Company Fleet Information - No Information on Record

 

Offices Information - No Information on Record

Branch Information - No Information on Record

 

Management Overview

 

Organisational Chart - No Information on Record

Company Structure Informatio n - No Information on Record

Note: One level up and all levels down

 

 

Key Deals - No Info rmation on Record

Trade References Information - No Information on Record

 

Adverse Information on Subject

 

Judgements - No information on record

BusinessRescue - No Information on Record

Default Listing - No information on record

Notarial Bonds - No information on record

 

Bank Information - No Information on Record

Bank Code History - No Information on Record

Previous Bank Account Informat ion - No Information on Record

Deeds Information - No information on record

 

 

Principals

 

Number of Principals

1

Average Age of Active Principals

63

 

Active Principals Principal - 1of 1 SELWYN STOCK

Surname

STOCK

First Name

SELWYN

Other Names

 

Marital Status

 

ID Number

4909175027000

Verified ID Number

Yes

Current Age

63

Designation

 

Status

Active

Appointment Date

2008/10/27

Physical Address (at time of Appointment)

7A CORPORATE PARK, SINENBE OFFICE PARK, UMHLANGA RIGDE, 4320

Postal Address

P.O. BOX 354, UMHLANGA ROCKS, 4320

Current Tel Number

0315666920

Cell number

0783330821

Shareholding/Membership

100.0000

 

Principal's Adverse - No information on record

 

Business Information forSELWYN STOCK

Principal Current Business Interests

 

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

LOCENA (1990) CC

1990/010325/23

Conversion CO/CC or CC/CO

22 Years 5 Months

0

No

 

MHUTI

INVESTMENTS NO 1 CC

1992/024017/23

In Business

19 Years 11 Months

0

No

 

CHARCHIC CC

B1996/007395/23

In Business

16 Years 6 Months

0

No

 

 

Principal's Adverse - No information on record

 

Average Age of Previous Business 18 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

THE BERMUDAS BEACH APARTMENTS (PTY) LTD

1979/007511/07

Voluntary Liquidation

32 Years 8 Months

0

Yes

 

ELSPETH PROPERTY INVESTMENTS (PTY) LTD

1980/010543/07

Voluntary Liquidation

31 Years 9 Months

0

Yes

 

AUTO FARMS CC

1989/003974/23

Deregistration Final

23 Years 6 Months

0

No

 

KAGAN AND STOCK PROPERTIES CC

1989/033293/23

Deregistration Final

22 Years 10 Months

0

No

 

ROLLING STOCK AND PUMP COMPONENTS CC

1990/002470/23

Deregistration Final

22 Years 7 Months

0

No

 

INDIAN MOTORCYCLE CAFE (PTY)LTD

1999/014368/07

Voluntary Liquidation

13 Years 1 Months

0

Yes

 

S S INTERNATIONAL SPICES AND PULSES (PTY) LTD

1999/017345/07

In Business

13 Years

0

No

 

JACKPOT FOOD PRODUCTS SOUTH AFRICA (PTY)LTD

2001/022100/07

Dissolved

10 Years 11 Months

1

No

 

TITAN FREIGHT (PTY) LTD

2002/002759/07

Deregistration Final

10 Years 6 Months

0

No

 

SECTOR FIVE TRADING 57 (PTY)LTD

2003/013331/07

In Business

9 Years 2 Months

0

No

 

SATRADE (PTY)LTD

M1993/006013/07

In Business

18 Years 10 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.54

Euro

1

Rs.68.85

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.