MIRA INFORM REPORT

 

 

Report Date :

01.03.2012

 

IDENTIFICATION DETAILS

 

Name :

ELEUTRIO COELHO

 

 

Registered Office :

5 Homestead Avenue Hillcrest Park Durban 3610

 

 

Country :

South Africa

 

 

Year of Establishment :

2006

 

 

Com. Reg. No.:

6306265161088

 

 

Legal Form :

Not Available

 

 

Line of Business :

Import and trade of Organic products such as Tea, Spices, Seeds, Dried Fruits, Nuts and Legumes – Locally manufacture marmalade, chutneys

 

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

GOOD LIFE TRADERS

Country

SOUTH AFRICA

Requested Credit Limit

$ 15 000 000

Enquiry Terms

TP D/A

Account Review

 

Subject Contact person

ELEUTRIO COELHO

 

Assessment

 

 

 

 

On investigation we made contact with Mr. ELEUTRIO COELHO, the sole proprietor, who advised that he would assist with the required information, once he knows which company has made the enquiry on his company.

Please see the available information below.

Please advise soonest should you be able to assist with further details.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Information

 

Sole Proprietor

ELEUTRIO COELHO

6306265161088

Trading as/ Division Name

GOOD LIFE TRADERS/ COELHO

Previous Name

Unavailable

Date of Name Change

Unavailable

Registration Number

6306265161088

Registration Date

Unavailable

Date Commenced Trading

Unavailable

Age of Business

5 Years 2 Months

History of Business

Good Life Organic was established in 2006 to capitalise on the growth of the organic products market.

History of Principals

Unavailable

Shareholders and  % holding

Unavailable

Authorised Share Capital

Unavailable

Issued Share Capital

Unavailable

Status

In business

Operations Assessment

Import and trade of Organic products such as Tea, Spices, Seeds, Dried Fruits, Nuts and Legumes – Locally manufacture marmalade, chutneys

Industry/ Customers

Unavailable

Export

Unavailable

Major Industry Code / SICC

62209

Definition of Code

Other retail trade in food, beverages and tobacco n.e.c.

Head Office Physical Address

 

 

5 Homestead Avenue

Hillcrest Park

DURBAN

3610

Head Office Postal Address

 

 

PO Box 259

HILLCREST

3650

Current Tel Number

031 7654370

Cell number

082 5141650

Current Fax Number

Unavailable

Current Email Address

info@goodlife.co.za

Web Site Address

www.goodlife.co.za

 

 

Tax Information

 

Vat Number

4620234841

Status

Active

Vat Liable Date

2007-04-01

Tax Number

Unavailable

Tax Clearance Expire Date

Unavailable

Financial Year End

Unavailable

 

Principals

Number of Principals

1

Average Age of Active Principals

49

 

 

Active Principals

 

Principal 1 of 1: ELEUTRIO COELHO

Surname

COELHO

First Name

ELEUTRIO

Other Names

DOS

Marital Status

Married

ID Number

6306265161088

Verified ID Number

Yes

Current Age

49

Designation

Unavailable

Status

Active

Appointment Date

2006

Physical Address (at time of Appointment)

5 Homestead Avenue

HILLCREST PARK

3650

Postal Address

PO Box 259

HILLCREST

3650

Current Tel Number

031 7654370

Cell number

082 5141650

Current Fax Number

Unavailable

Current Email Address

info@goodlife.co.za

Shareholding

0.0000

 

Adverse Information for: ELEUTRIO COELHO

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

 

Deeds Information

 

Property Interests for: ELEUTRIO COELHO

 

Title Deed No.

T69623/2003

Erf/Site No.

 

Deeds Office

PIETERMARITZBUG

Physical Address

5 Homestead

HILLCREST

Property Type

Freehold / Ervin

Extent / Size

4182.0SQM

Purchase Date

2003-09-20

Purchase price

R 630 000,00

% Ownership

0.0000

Bond Holder

GUARENTEE TRUST – TRUSTEES

Bond Number

B456512003

Bond Amount

R 630 000,00

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.94

UK Pound

1

Rs.77.95

Euro

1

Rs.65.94

 

 

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.