MIRA INFORM REPORT

 

 

Report Date :

18.08.2012

 

IDENTIFICATION DETAILS

 

Name :

TULTEX TRADING CC

 

 

Registered Office :

2 Planet Avenue, Unit 9 crown Mines johannesburg 2000

 

 

Country :

South Africa

 

 

Date of Incorporation :

09.10.2008

 

 

Com. Reg. No.:

B2008/215761/23

 

 

Legal Form :

Closed Corporation

 

 

Line of Business :

Manufacturer of carpets, rugs and mats

 

 

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

 

 

Subject Name

TULTEX TRADING

Country

South Africa

Subject Contact Person

AREN-0118301723

Assessment

On investigation contact was made with the accountant of the business who declined to assist with any details..We are therefore not in a position to recommend credit dealings.Please see the available information below.

 

 

Company information

 

Registered Name

TULTEX TRADING CC

Registration Number

B2008/215761/23

Registration Date

2008/10/09

Date Commenced Trading

2008-10-09

Age of Business

3 Years 10 Months

History of Principals

100% AYHAN YILDRIM

Authorised Share Capital

R0.00

Issued Share Capital/Members Contribution

R0.00

Status

In Business

Operations Assessment

SELLING CARPETS

Industry/ Customers

PUBLIC

Major Industry Code / SICC

31220

Definition of Code

Manufacture of carpets, rugs and mats

Head Office Physical Address

2 Planet Avenue, Unit 9CROWN MINESJOHANNESBURG2000

Head Office Postal Address

PO Box 940CROWN MINES2025

Current Tel Number

011 8301723

Current Fax Number

011 8391447

 

 

Auditor information

 

Company Registered Name

M"POVA M"PPONGO KOKA E"

Postal Address

PO BOX 3603, PRETORIA, 0001

Practice Number

6533414

No of years in Business

4

 

Previous Auditors Information - No Information on Record

 

Tax information

Vat Number

4670235268

 

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 Information - No Information on Record

Note: One level up and all levels down

 

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

44

Active Principals Principal - 1of 1 AYHAN YILDIRIM

Surname

YILDIRIM

First Name

AYHAN

ID Number

6805010000000

Verified ID Number

No

Current Age

44

Designation

Member

Status

Active

Appointment Date

2008/10/09

Physical Address (at time of Appointment)

22 HIGH ROAD, FORDBURG, 0000

Postal Address

6018 LENESIA NORTH, EXT 13, 1825

Current Tel Number

0118301723

Shareholding/Membership

100.0000

 

 

Principal's Adverse - No information on record

 

Business Information forAYHAN YILDIRIM

 

Principal Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

TULTEX TRADING CC

B2008/215761/23

In Business

3 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 :

MNL

 

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.