MIRA INFORM REPORT

 

 

Report Date :

18.08.2012

 

IDENTIFICATION DETAILS

 

Name :

PROMIVERT CC

 

 

Registered Office :

181 Grand Placelenasia Ext 1lenasia1827

 

 

Country :

South Africa

 

 

Date of Incorporation :

11.10.2010

 

 

Com. Reg. No.:

2010/138870/23

 

 

Legal Form :

Closed Corporation

 

 

line of business :

Not Available

 

 

No. of Employees :

Not Available

 

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 :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

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

PROMIVERT CC

Country

South Africa

Subject Contact Person

ISMAIL BADAT

 

This is a new business. On investigation we found the number - 011 4934410 is correct for the company. We

Assessment

were unable to make contact with the subject as the number is currently out of service. Please advise if

you have additional contact information for the subject so we may continue with investigations.Please see the aditional information on the subject below.

 

 

Company Information

 

Registered Name

PROMIVERT CC

Registration Number

2010/138870/23

Registration Date

2010/10/11

Date Commenced Trading

2010-10-11

Age of Business

1 Years 10 Months

History of Business

History of Principals

There is 1 active director within the company.

Shareholders/Members/Partners of subject and % holding

100% ISMAIL BADAT.

Authorised Share Capital

R 0.00

Issued Share Capital/Members Contribution

R 0.00

Status

In Business

Major Industry Code / SICC

|9000 |

Definition of Code

Head Office Physical Address

181 GRAND PLACELENASIA EXT 1LENASIA1827

Head Office Postal Address

P O BOX 2087LENASIA1820

Current Tel Number

0114934410

 

 

Auditors Information

 

Company Registered Name

G S AKOOJEE

Trading Name

 

Registration Number

 

Physical Address

 

Postal Address

P O BOX 120, NIRVANA, 1827

Contact Person

 

Contact Number

 

Email

 

Principals

 

Judgements Against Subject

 

Judgements Against Principals

 

Subject Verified as Client

 

Practice Number

4144

VAT Number

 

Tax Number

 

BEE Status

 

Financial Year End

 

No of years in Business

2

Website

 

Comment

 

 

Previous Auditors Information - No Information on Record

 

 

Tax Information

 

Vat Number

4280256712

Status

 

Vat Liable Date

 

Tax Number

 

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 (Ownership)

 

Note: One level up and all levels down

 

Holding

Company

Sub

Comment

100%

ISMAIL BADAT

 

 

 

Key Deals - No Information 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 Information - No Information on Record

 

Deeds Information - No information on record

 

 

Principals

 

Number of Principals

1

Average Age of Active Principals

55

 

ISMAIL BADAT

 

Surname

BADAT

First Name

ISMAIL

Other Names

 

Marital Status

Single

ID Number

5710015868085

Verified ID Number

Yes

Current Age

55

Designation

DIRECTOR

Status

Active

Appointment Date

2010/10/11

Physical Address (at time of Appointment)

34 WEAVERBIRD, LENASIA EXT 1, 1827

Postal Address

34 WEAVERBIRD, LENASIA EXT 1, 1827

Current Tel Number

0114934410

Cell number

 

Shareholding/Membership

100.0000

 

Principal's Adverse - No information on record

 

Business Information for ISMAIL BADAT

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business Judgements

Liquidation Comment

PROMIVERT CC

2010/138870/23

In Business

1 Years 10 Months 0

No

 

Principal's Previous Business Interests - No information on record

 

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.87.55

Euro

1

Rs.68.85

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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.