MIRA
INFORM REPORT
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Report Date : |
06.08.2011 |
IDENTIFICATION DETAILS
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Name : |
ROSHKAL TRADING CC |
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Registered Office : |
Shop no. 5 Splendid Place Pritchards Street Johannesburg Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
23.10.2008 |
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Com. Reg. No.: |
2008/225217/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Importing, wholesaling and retailing of
home ware. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Assessment
This is an established business, meeting
commitments timeously.
No adverse comments have been heard.
Your figure is considered as too high
The subject’s bankers consider them good for
all business normal engagements.
A bank code revealed that the subject is
considered equal to R100 000 over 30 days.
The lack of detailed financial information
should be borne in mind and security should be sought when larger credit
dealings are contemplated.
Company Information
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Registered
Name |
ROSHKAL TRADING CC |
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Trading
as |
HAPPY HOME |
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Registration
Number |
2008/225217/23 |
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Registration
Date |
23 October 2008 |
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Date Commenced
Trading |
23 October 2008 |
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History of
Business |
The subject was commenced as a new business. |
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History of
Principals |
It was stated that prior to commencing the subject, P K SIGABAN was employed
in the Sales Department at HOME & CATERING for a number of years. |
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Membersof
subject and % holding |
50% P K SIGABAN 50% MRS. R SIGABAN (wife) |
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Members
Contribution |
R100 |
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Age of Company |
2 years 10 months |
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Status |
Active |
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Operations
Assessment |
Importing, wholesaling and retailing of
home ware. |
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Industry/
Customers |
Independent wholesalers and general public |
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Area of
distribution |
Mainly Gauteng |
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Export |
None |
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Major Industry
Code / SICC |
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Definition of
Code |
Wholesale trade in other household goods n.e.c |
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Head
Office Physical Address |
Shop no. 5 Splendid Place Pritchards Street JOHANNESBURG Gauteng |
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Head Office
Postal Address |
62 Heather Avenue LENASIA 1820 It was established that the above address
is also the residential premises of the members. |
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Current Tel
Number Cell number |
011 338 5049 011 855 3517 083 384 7367 |
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Current Fax
Number |
011 338 5049 |
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Current Email
Address |
Auditors Information
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Company
Registered Name |
BNJ TAX AND FINANCIAL CONSULTANTS CC |
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Registration
Number |
2008/144179/23 |
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Physical Address |
1912 Petrea Street LENASIA SOUTH Gauteng |
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Postal Address |
Private Bag X3 KIASHA PARK 1829 |
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Contact Person |
Caleb Noah |
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Contact Number |
011 855 4827 |
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Email |
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Principals |
1 |
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Judgements
Against Subject |
No information on record |
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Judgements
Against Principals |
No information on record |
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Subject Verified
as Client |
Yes |
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BEE Status |
Level 3 |
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Financial Year
End |
February |
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Years With
Auditors |
2 years |
Previous Auditors
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Company Name/ Tel |
Time With Previous Auditors |
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M PATEL & ASSOCIATES |
1 year |
Tax Information
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Vat Number |
4940251848 |
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Status |
Active |
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Vat Liable Date |
1 January 2009 |
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Tax Number |
9277396173 |
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Financial Year
End |
FEBRUARY |
Black Economic Empowerment
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Status |
Yes |
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Score |
Unknown by the respondent |
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Expire Date |
Unknown by the respondent |
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BEE Certificate
Available |
Yes |
ISO Status
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Type of ISO
Grade |
None |
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ISO Certificate |
No |
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ISO Certificate
Available |
No |
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Certified
by an Accredited Agent |
No |
Workman’s compensation
|
Registered |
No |
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Compliance
Certified |
No |
Company Structure
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Branches |
None |
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Subsidiary
Company |
None |
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Shareholding |
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Registration
Number |
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Import / Export |
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Number of
Employees |
4 total
employees |
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1.
Waged
employees |
4 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Purchased price |
Outstanding
Balance |
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Fleet Operations |
1 |
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The Fleet is
made up of |
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1.
Light
Delivery Vehicles |
1 X KIA truck |
Owned by the
subject |
R300 000 |
R200 000
with Nedbank |
Head
OfficeOwned/ Rented |
The heading premises are reported to be leased. |
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Rental Company |
CITY PROPERTIES |
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Lease Agreement |
3 year lease agreement with an option to extent. |
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Lease Expire
Date |
2013 |
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Type of Premises |
Retail store and administration offices |
Trade References
It was stated that the subject imports
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Supplier |
Contact |
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JARL TRADING |
082 442
3438 |
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ROYAL HOME WARE |
073 941
8040 |
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VAGANZA |
011 832
1819 |
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TOTALLY HOME |
078 652
0022 |
Trade References
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Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
3 years |
R100 000 |
R50 000 |
30 |
R20 000 |
30 |
Good |
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3 years |
R50 000 |
R45 000 |
15 |
R30 000 |
15 |
Good |
|
3 years |
R25 000 |
R30 000 |
30 |
R20 000 |
30 |
Good |
Adverse Information on Subject
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Judgements |
No information on record |
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Possible Judgements |
No information on record |
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Civil Court |
No information on record |
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RDs |
No information on record |
Default Data
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Date |
Details |
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No information on record |
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Notarial Bonds
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Date |
Details |
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No information on record |
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Deeds Information
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Property Interest |
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Property Type: |
No information on record |
Stand Number: |
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Street Number: |
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Street Name: |
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Municipal Suburb: |
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Municipal City: |
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Township Name: |
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Province: |
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Deeds Office: |
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Transfer ID: |
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Title Deed Number: |
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Purchase Date: |
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Transfer Date: |
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Erf Size: |
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Sold Price: |
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Bank Information
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Bank |
NEDBANK |
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Branch |
Fox Street, Johannesburg |
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Bank Account
Number |
1908926740 |
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Type of Account |
current |
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Account Name |
ROSHKAL TRADING CC trading as HAPPY HOME |
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Overdraft
Facilities |
It was stated that the subject enjoys an overdraft facility to an
extent of R50 000, secured by the personal guarantee of the
members. Utilisation of the overdraft
is stated to be nil as credit balances are normally maintained at the bank. |
|
Date Opened |
19 November 2008 |
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Bank Code |
C |
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Bank Comment |
The subject’s bankers consider them good for all business normal
engagements |
Bank CodesHistory
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
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No information on record |
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Previous Bank Accounts
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Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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No information on record |
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Financial Information
Financial Estimates
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CURRENT ASSETS |
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Stock |
R300 000 – R500 000 |
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Debtors |
C.O.D. basis |
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FIXED ASSETS |
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Plant,
Equipment, Vehicles |
R200 000 |
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Property |
Nil |
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CURRENT
LIABILITIES |
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Creditors |
R100 000 – R200 000 |
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Loans/ From? |
Nil |
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LONG TERM
LIABILITIES |
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Morgage Bonds |
Nil |
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MONTHLY Turnover |
R230 000 |
Principals
|
Number of
Principals |
2 |
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Average
Age of Active Principals |
50 years |
Active Principals
Principal 1 of 2
|
Surname |
SIGABAN |
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First Names |
ROSHENIE |
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Marital Status |
Married in community of property |
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ID Number |
6206030182056 |
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Verified ID
Number |
Yes |
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Current Age |
49 |
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Designation |
member |
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Status |
active |
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Appointment Date |
2008-10-23 |
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Address
(at time of Appointment) |
114 Capella Street Extension 9 LENASIA 1820 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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RAINBOW NATION
TRADING CC |
1996/008533/23 |
In business |
0 |
No |
Previous Business Interests
|
Average
Age of Previous Business Interests |
17 years 11 months |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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SPORT
ON DELIVERY SERVICES CC |
1993/022494/23 |
Deregistration
final |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
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Title Deed No. |
No information on record |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Principal 2 of 2
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Surname |
SIGABAN |
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First Names |
PRADEEP, K |
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Marital Status |
Married in community of property |
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ID Number |
6010125211055 |
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Verified ID
Number |
Yes |
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Current Age |
51 |
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Designation |
Member |
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Status |
Active |
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Appointment Date |
2008-10-23 |
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Address
(at time of Appointment) |
114 Capella Street Extension 9 LENASIA 1820 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
RAINBOW NATION
TRADING CC |
1996008533/23 |
In business |
0 |
No |
|
IVORY
PEWTER TRADING 59 (PTY) LTD |
2006/038341/07 |
Deregistration
process |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
|
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Company
Name |
Registration No |
Status |
Judgements |
Liquidation |
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SPORT
ON DELIVERY SERVICES CC |
1993/022494/23 |
Deregistration
final |
0 |
No |
|
OXY
TRADING 655 CC |
2004/017497/23 |
Deregistration
final |
0 |
No |
|
ROYAL
SQUARE INVESTMENTS 283 CC |
2005/070458/23 |
Deregistration
final |
0 |
No |
|
SIGBRO
DIAMOND WORKS CC |
2006/019861/23 |
Deregistration
final |
0 |
No |
|
IDAF
STEEL IMPORTERS AND EXPORTERS CC |
2006/132394/23 |
Deregistration
final |
0 |
No |
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RAINBOW
STEEL AND METAL WORKS CC |
2006/132403/23 |
Deregistration
final |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
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Title Deed No. |
No information on record |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.80 |
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|
1 |
Rs.72.85 |
|
Euro |
1 |
Rs.63.11 |
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.