MIRA INFORM REPORT

 

 

Report Date :

03.07.2012

 

IDENTIFICATION DETAILS

 

Name :

ISIS INTERTRADE CC

 

 

Registered Office :

14 Rectangle Street Triangle Park Paarl 7646

 

 

Country :

South Africa

 

 

Date of Incorporation :

5 Years 7 Months

 

 

Com. Reg. No.:

2006/207044/23

 

 

Legal Form :

Close Corporation

 

 

Line of Business :

Manufacture of blankets, made-up furnishing articles and stuffed articles

 

 

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

 

 

Summary

 

Subject Name

ISIS INTERTRADE CC

Country

SOUTH AFRICA

Subject Contact person

WILNA FOURIE - 021 8624671

Assessment

 

 

 

On investigation we made contact with the member MRS. WILNA FOURIE who declined to assist with any information for the subject.

The subject deals in the import of eclectic products from India.

Please see the available information for the subject below.

 

 

 

 

 

 

 

 

 

 

 

 

Company Information

 

Registered Name

ISIS INTERTRADE CC

Trading as/ Division Name

None

Previous Name

None

Date of Name Change

None

Registration Number

2006/207044/23

Registration Date

5 Years 7 Months

Date Commenced Trading

2006-11-21

Age of Business

2006-11-21

History of Business

The subject was established as a new business in 1997.

History of Principals

MRS. FOURIE has a vast knowledge of the industry as she was

Shareholders/Members/Partners of subject and  % holding

100% - WILNA FOURIE

Authorised Share Capital

R 1000

Issued Share Capital/Members Contribution

R 100

Status

This Business is Active

Operations Assessment

Import of eclectic decorative products from INDIA.

Hand woven Hemp

Leather Carpets

Metal Art Works

Aluminium Bowls Etc.

Industry/ Customers

Interior Decorators

Private Sales

Export

Yes

Namibia

Botswana

Major Industry Code / SICC

31211

Definition of Code

Manufacture of blankets, made-up furnishing articles and stuffed articles

Head Office Physical Address

 

 

14 Rectangle Street

Triangle Park

PAARL

7646

Head Office Postal Address

 

 

 

Suite 184

Postnet X3036

PAARL

7620

Current Tel Number

021 8624671

Cell number

082 7766552

Current Fax Number

021 8624687 / 086 5191148

Current Email Address

isisintertrade@mweb.co.za

Web Site Address

www.isisintertrade.co.za

 

 

Auditors Information

 

Company Registered Name

JAKSON NETHLING

Trading Name

Unavailable

Registration Number

Unavailable

Physical Address

Unavailable

Postal Address

PO Box 130

BELLVILLE

7535

Contact Person

Unavailable

Contact Number

Unavailable

Email

Unavailable

Principals

Unavailable

Judgements Against Subject

Unavailable

Judgements Against Principals

Unavailable

Subject Verified as Client

Unavailable

SAICA number

Unavailable

VAT Number

Unavailable

Tax Number

Unavailable

BEE Status

Unavailable

Financial Year End

Unavailable

Years With Auditors

Unavailable

Website

Unavailable

 

 

Previous Auditors

 

Company Name

Phone Number

Time with previous auditors

Unavailable

 

 

 


Tax Information

 

Vat Number

4320234505

Status

Active

Vat Liable Date

2007-02-01

Tax Number

9310295168

Tax Clearance Expire Date

Unavailable

Financial Year End

February

 

 

Black Economic Empowerment

 

Status

Unavailable

 

 

ISO Status

 

Type of ISO Grade

Unavailable

 

 

Workman’s compensation

 

Registered

Unavailable

 

 

Company Structure

Subsidiaries

 

Subsidiary Company

Unavailable

 

 

Number of Employees

Unavailable

 



Company Fleet

No of vehicles:

Owned/ Leased

Value

Outstanding Balance

Fleet Operations

Unavailable

 

 

 

The Fleet is made up of

 

1.       Cars

 

 

 

 

 

Offices

Unavailable

 


 

Branches Names

Country

Province

Unavailable

 

 

 


Branches Owned/ Rented

Unavailable

 

Management Overview

 

Organisation chart

Holding

Position

Name

1

MEMBER

WILNA FOURIE

 

Company Structure (Ownership)

Note: One level up and all levels down

Holding

Company

Sub

100 %

WILNA FOURIE

None

 

           

Trade References

 

Key deals signed within the past 12 months.

 

Company

Value

Contact

Unavailable

 

 

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

1

Unavailable

 

 

 

 

Trade References Detail

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

Unavailable

 

 

 

 

 

 

 

 

Adverse Information on Subject

Judgements

Judgements

None

Possible Judgements

None

Civil Court

None

RDs

None

 

Business Rescue

Date registered

Business rescue practitioner

Contact Information

Details

None

 

 

 

 

Default Listings

Date

Details

None

 

 

 

Notarial Bonds

Date

Details

None

 

 

 

Bank Information

 

Bank

Unavailable

 

Bank Codes History

Date requested

Bank Code

Enquiry Amount

Number of RD’s

RD amount

RD Date

Bank Comments

Years with bank

None

 

 

 

 

 

 

 

 

 

Previous Bank Accounts

Banker

Branch Code

Account Holder

Account number

Date opened

Years with bank

None

 

 

 

 

 

 

 

Deeds Information

 

Property Interests for Company

Title Deed No.

None

Erf/Site No.

 

Deeds Office

 

Physical Address

 

Property Type

 

Extent / Size

 

Purchase Date

 

Purchase price

 

% Ownership

 

Bond Holder

 

Bond Number

 

Bond Amount

 

 

 

Financial Information

Financial Estimates

 

CURRENT ASSETS

Unavailable

Stock

 

Debtors

 

FIXED ASSETS

 

 

Please note the following:

 

Turnover and assets less than R 1,000,000.00

The subject falls within the National Credit Act

Turnover and assets less than R 2,000,000.00

The subject falls within the Consumer Protection Act

 

Principals

Number of Principals

1

Average Age of Active Principals

57

 

Active Principals

Principal 1 of 1: WILNA FOURIE

Surname

FOURIE

First Name

WILNA

Other Names

None

Marital Status

Married

ID Number

5503030046088

Verified ID Number

Yes

Current Age

57

Designation

Member

Status

Active

Appointment Date

2006-11-21

Physical Address (at time of Appointment)

14 Rectangle Street

TRIANGLE PARK

PAARL

7646

Postal Address

Suite 184

Postnet X3036

PAARL

7620

Current Tel Number

021 8725479

Cell number

082 7766552

Current Fax Number

021 8624687

Current Email Address

isisintertrade@mweb.co.za

Shareholding

100 %

 

Adverse Information for: WILNA FOURIE

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: WILNA FOURIE

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

HENTIQ 2415 (PTY) LTD

1999/004520/07

In Business

13 Years

3 Months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

 

Deeds Information

Property Interests for: WILNA FOURIE

 

Title Deed No.

None

Erf/Site No.

 

Deeds Office

 

Physical Address

 

Property Type

 

Extent / Size

 

Purchase Date

 

Purchase price

 

% Ownership

 

Bond Holder

 

Bond Number

 

Bond Amount

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.83

UK Pound

1

Rs.87.41

Euro

1

Rs.70.43

 

 

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.