|
Report Date : |
20.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
COIRTEX
AND COIR CREATIONS CC |
|
|
|
|
Registered Office : |
29 Basil
Road, Plumstead, Cape Town, 8000 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
1999/02/09 |
|
|
|
|
Com. Reg. No.: |
1999/051654/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
Manufacture
of carpets, rugs and mats |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
COIRTEX AND COIR CREATIONS CC |
|
Country |
South Africa |
|
Subject Contact Person |
RASH ID OSAAAN - Managing Member |
|
Assessment |
On investigation we made contact
with RASHID OSMAN, the owner of the subject who declined to assist with the
information for the subject. MR. OSMAN requested a questionnaire to complete.
This appears to be an established business dating back to 1999. We await
further information for the subject. Please see the available information for
the subject below. |
|
Registered
Name |
COIRTEX
AND COIR CREATIONS CC |
|
Trading
as/ Division Name |
COIRTEX |
|
Previous
Name |
|
|
Date
of Name Change |
|
|
Registration
Number |
1999/051654/23 |
|
Registration
Date |
1999/02/09 |
|
Date
Commenced Trading |
1999-02-09 |
|
Age
of Business |
13
Years 6 Months |
|
History
of Business |
|
|
History
of Principals |
|
|
Shareholders/Members/Partners
of subject and % holding |
100
% - RASH ID OSMAN |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Import and distribution of Natural
Flooring and rugs. Manufacture of caprpets and rugs
from raw material. |
|
Industry/
Customers |
General
public, corporate businesses. |
|
Export |
Import |
|
Major
Industry Code / SICC |
31220 |
|
Definition
of Code |
Manufacture
of carpets, rugs and mats |
|
Head
Office Physical Address |
29
Basil Road, Plumstead, CAPE TOWN, 8000 |
|
Head
Office Postal Address |
P
O BOX 2441, CAPE TOWN, 8000 |
|
Current
Tel Number |
08612647839
/ 0217622227 |
|
Cell
Number |
0833665545 |
|
Current
Fax Number |
0217622231 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
STENEKAMP
AND MOHAMED INC |
|
Trading
Name |
|
|
Registration
Number |
2004/015176/21 |
|
Physical
Address |
8
Mosman Road, RONDEBOSCH EAST, 7780 |
|
Postal
Address |
P
0 BOX 14529, KENWYN, 7700 |
|
Contact
Person |
Receptionist |
|
Contact
Number |
0216850786 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
None
On Record |
|
Judgements
Against Principals |
None
On Record |
|
Subject
Verified as Client |
|
|
Practice
Number |
901527 |
|
VAT
Number |
4760214066 |
|
Tax
Number |
9860550145 |
|
BEE
Status |
|
|
Financial
Year End |
February |
|
No
of years in Business |
6 |
|
Website |
|
|
Comment |
|
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
AMY AND STENEKAMP INC |
|
Unknown |
|
|
Vat
Number |
4380188500 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2000/03/01 |
|
Tax
Number |
9231523037 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
|
|
|
Black
Economic Empowerment Information - No Information on Record |
|
|
ISO Status |
|
|
Type
of ISO Grade |
9000 |
|
ISO
Certificate |
Yes |
|
ISO
Certificate Available |
No |
|
Certified
by an Accredited Agent |
Yes |
|
Comment |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
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
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
1 |
AAANAGING MEMBER |
RASH ID OSMAN |
|
Company Structure
(Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100% |
COIRTEX AND COIR CREATIONS CC |
|
100 % - RASH ID OSMAN |
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
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
60 |
|
Active
Principals Principal - 1of 1 RASHID OSMAN |
|
|
Surname |
OSMAN |
|
First
Name |
RASHID |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
5208225090087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
60 |
|
Designation |
Managing
Member |
|
Status |
Active |
|
Appointment
Date |
2005/10/27 |
|
Physical Address (at time of Appointment) |
79
LYMPLEIGH ROAD, PLUMSTEAD, 7800 |
|
Postal
Address |
P
0 BOX 2441, CAPE TOWN, 8000 |
|
Current
Tel Number |
0217632227 |
|
Cell
number |
0833665545 |
|
Shareholding/Membership |
100% |
Principal's Adverse -
No information on record
Business Information forR ASHID OSMAN
Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
COIRTEX
AND COIR CREATIONS CC |
1999/051654/23 |
In
Business |
13 Years
6 Months |
0 |
No |
|
|
ROSAAAN |
5208225090020 |
|
Unknown |
0 |
No |
|
Principal Previous
Business Interests
Average Age of Previous Business 23 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
EASTWOOD
FOOD STORE CC |
1989/023959/23 |
Deregistration
Final |
23 Years
1 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
|
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.