MIRA INFORM REPORT

 

 

Report Date :

20.08.2012

 

IDENTIFICATION DETAILS

 

Name :

CAPE EASTERN IMPORTERS CC

 

 

Registered Office :

First Floor 127 Umbilo Road durban 4001

 

 

Country :

South Africa

 

 

Date of Incorporation :

03.06.1993

 

 

Com. Reg. No.:

1993/013089/23

 

 

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 :

---

 

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

CAPE EASTERN IMPORTERS CC

Country

South Africa

Subject Contact Person

SONAL VERMA-Director

Assessment

This is an established business. On investigation we made contact with the subject and we were referred to the Director MRS SONAL VERMA who requested that we send her the questionnaire. When we followed up on the questionnaire she stated that she requires more time to be able to complete the questionnaire .We still await further information on the subject. Please see the available information on the subject below.

 

 

Company information

 

Registered Name

CAPE EASTERN IMPORTERS CC

Trading as/ Division Name

CAPE EASTERN IMPORTERS

Registration Number

1993/013089/23

Registration Date

1993/06/03

Date Commenced Trading

1993-06-03

Age of Business

19 Years 2 Months

History of Business

The subject started out as a new Business in 1993.

History of Principals

There is currently 1 active Director within the company.

Authorised Share Capital

R0.00

Issued Share Capital/Members Contribution

R0.00

Status

In Business

Major Industry Code / SICC

9000

Head Office Physical Address

FIRST FLOOR 127 UMBILO ROADDURBAN4001

Head Office Postal Address

P O BOX 2920DURBAN4000

Current Tel Number

0314604610

Cell Number

0790340150

Current Fax Number

0313013208

Current Email Address

vermac@mweb.co.za

 

 

Auditor information

 

Company Registered Name

REVELATION CONSULTING INC

Registration Number

1999/004675/21

Physical Address

12 Esther Roberts RoadGlenwoodDurban4001

Postal Address

P 0 BOX 18940, DALBRIDGE, 4014

Contact Number

0312014303

Email

revcon@.revcon.co.za  

Principals

1

Subject Verified as Client

Yes

Practice Number

315

VAT Number

4860182049

Tax Number

9291242205

BEE Status

 

Financial Year End

February

No of years in Business

Unknown

Website

www.revcon.co.za

 

Previous auditors

Company Name

Phone Number

Time with previous auditors

Comment

PRICE WATERHOUSE COOPERS INCORPORATED

 

Unknown

 

MSG M AAASUKU JEENA (KWAZULU-NATAL) INCORPORATED

 

13

 

 

Tax information

Vat Number

4340146184

Status

ACTIVE

Vat Liable Date

1994/06/01

Tax Number

9167204206

Financial Year End

February

 

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

 

Business Rescue - 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

39

Active Principals Principal - 1of 1 SONAL VERMA

Surname

VERMA

First Name

SONAL

ID Number

7312020000000

Verified ID Number

No

Current Age

39

Designation

Member

Status

Active

Appointment Date

2011/02/15

Physical Address (at time of Appointment)

UNIT 32, SILVERGROVE, 88 MUSGRAVE ROAD, DURBAN, 4000

Postal Address

P 0 BOX 2920, DURBAN, 4000

Current Tel Number

0313071188

Shareholding/Membership

100.0000

 

 

Principal's Adverse - No information on record

 

Business Information for SONAL VERMA

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CAPE EASTERN IMPORTERS CC

1993/013089/23

In Business

19 Years 2 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.