MIRA INFORM REPORT
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Report Date : |
17.08.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
AIMESSA INVESTMENTS CC |
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Registered Office : |
Ground Floor, 302 Brickfield Road, Overport, Durban 4001 |
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Country : |
South Africa |
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Date of Incorporation : |
27.08.2001 |
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Com. Reg. No.: |
2001/059241/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Importation and distribution of various products such as seed, oils,
grains, insence etc |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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) |
|
South Africa |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
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 family business.
show the subject has purchased up to an amount of R300 000.
A bank code revealed that the subject would be considered as equal to
$100 000 over 30 days in the normal way of business.
The subject is recorded to be free of judgements.
Company Information
|
Registered
Name |
AIMESSA INVESTMENTS CC |
|
Trading
as/ Division Name |
ABBA MOOSA WHOLESALERS |
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Previous Name |
None |
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Date of Name
Change |
N/A |
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Registration
Number |
2001/059241/23 |
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Registration
Date |
2001-08-27 |
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Date Commenced
Trading |
2001 |
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History of
Business |
The subject is reported to have been trading in total for 40 years in
the ESSA family. There was a business registered as ABBA MOOSA WHOLESALERS CC
which is now dormant and all operations take place in the subject.. |
|
History of
Principals |
MR ESSA, the senior member has recently passed away and his shares are
currently being transferred to the family, wife and 2 sons. |
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Membersof
subject and % holding |
15 % M ESSA 15% MRS Z ESSA 15% N ESSA 55% in estate of late I ESSA |
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Members
Contribution |
R100 |
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Age of Company |
10 years |
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Status |
In Business |
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Operations
Assessment |
Importation and distribution of various
products such as seed, oils, grains, insenceetc: |
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Industry/
Customers |
Retailers and wholesalers mainly in the
Kwazulu Natal region |
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Export |
No |
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Major Industry
Code / SICC |
61221 Wholesale Retail |
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Definition of
Code |
Wholesale trade in foodstuffs. |
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Head Office
Physical Address |
Ground Floor 302 Brickfield Road Overport Durban 4001 |
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Head Office
Postal Address |
As Above |
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Current Tel
Number |
031 2091125 |
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Current Fax
Number |
031 2091328 |
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Current Email
Address |
Auditors Information
|
Company
Registered Name |
ISMAIL TAYOB INC |
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Trading Name |
None |
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Registration
Number |
2001/017724/21 |
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Physical Address |
280 Gray street 2nd Floor DURBAN |
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Postal Address |
P O Box 3104 DURBAN 4001 |
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Contact Person |
IMRAN |
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Contact Number |
031 3095955 |
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Email |
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Principals |
MR I TAYOB |
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Judgements
Against Subject |
None |
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Judgements
Against Principals |
None |
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Subject Verified
as Client |
Yes |
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SAICA number |
954756 |
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Tax Number |
9157320145 |
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Financial Year
End |
February |
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Years With
Auditors |
9 years |
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Website |
None |
Previous Auditors
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Company Name/
Tel |
Time With
Previous Auditors |
|
None |
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Tax Information
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Vat Number |
4630198101 |
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Status |
Active |
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Vat Liable Date |
Monthly |
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Tax Number |
9099332141 |
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Tax Clearance
Expire Date |
February |
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Financial Year
End |
February |
Black Economic
Empowerment
|
Status |
None |
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Score |
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|
Expire Date |
|
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BEE Certificate
Available |
Yes/No |
ISO Status
|
Type of ISO
Grade |
None |
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ISO Certificate |
Yes/No |
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ISO Certificate
Available |
Yes/No |
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Certified by
anAccredited Agent |
Yes/No |
Workman’s
compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes, number not available |
Company Structure
|
Branches |
None |
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Branches Names |
Country |
Province |
|
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 |
50 |
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1.
Salaried
employees |
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2.
Waged
employees |
Majority on
wages |
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3.
Permanent
employees |
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4.
Casual
employees |
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5.
Contracted
employees |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
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Fleet Operations |
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The Fleet is
made up of |
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1.
Cars |
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2.
Light
Delivery Vehicles |
3 |
Owned |
Unknown |
Nil |
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3.
Trailers |
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4.
Busses |
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5.
Trucks |
4 |
Owned |
Unknown |
Nil |
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6.
Fork
Lifts |
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7.
Other |
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Head
OfficeOwned/ Rented |
Rented |
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Rental Company |
A family trust owned by the ESSA Family, the property is valued at
R10 000 000 free of bond. |
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Owned by |
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Value |
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Bond |
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Bank |
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Lease Agreement |
Annually |
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Lease Expire
Date |
None, related business |
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Type of Premises |
Office and storage facilities |
Trade References
|
Supplier |
Contact |
|
A Q HOLDINGS |
032 5523610 |
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ADVANCED SEEDS |
083 2725350 |
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NATAL DRY BEANS |
033 3871594 |
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CUSTOCLEAR |
031 3060360 |
Trade References
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Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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Awaiting |
An |
Email |
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Unable |
To |
Obtain |
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Old acc |
Not |
Purchased |
For |
6 Months |
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Very Good client |
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10 years |
None |
R300 000 |
30 days |
R200 000-
R300 000 |
30 days |
Excellent |
Adverse
Information on Subject
|
Judgements |
None |
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Possible
Judgements |
None |
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Civil Court
Records |
None |
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RDs |
None |
Default Data
|
Date |
Details |
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None |
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Notarial Bonds
|
Date |
Details |
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None |
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Deeds Information
|
Property Interest |
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Property Type: |
None |
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 |
STANDARD BANK |
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Branch |
OVERPROT CITY |
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Bank Account
Number |
250516373 |
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Type of Account |
Current |
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Branch Code |
04386? |
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Account Name |
AIMESSA INVESTMENTS CC |
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Bank Code |
C |
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Bank Comment |
The subject is considered as equal to its normal business engagements. |
Bank CodesHistory
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
None |
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Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Financial
Information
Financial
Estimates
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CURRENT ASSETS |
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Stock |
R15- 20 000 000 |
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Debtors |
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Cash on Hand |
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FIXED ASSETS |
R500 000 excluding vehicles |
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Plant,
Equipment, Vehicles |
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Property |
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CURRENT
LIABILITIES |
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Creditors |
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Loans/ From? |
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LONG TERM
LIABILITIES |
Nil |
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Morgage Bonds |
None |
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ANNUALTurnover |
R36 000 000 |
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Previous Year
Turnover |
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Estimated
Current Year Turnover |
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Principals
|
Number of
Principals |
3 |
|
Average Age of
Active Principals |
41 |
Active
Principals
Principal
1 of 3
|
Surname |
ESSA |
|
First Names |
MOHAMMED |
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ID Number |
8707055114054 |
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Verified ID
Number |
Yes |
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Current Age |
24 |
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Designation |
Member |
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Status |
Active |
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Appointment Date |
Not on record |
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Address (at time of
Appointment) |
53 Hendry Road ROSEGLEN 4091 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information on
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
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Previous Business
Interests
|
Average Age of
Previous Business Interests |
None on record |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
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Deeds Information
Property Interests of
Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
|
Physical Address |
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Property Type |
|
Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
|
Bond Holder |
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|
Bond Number |
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Bond Amount |
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Principal 2 of 3
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Surname |
ESSA |
|
First Names |
ZORA |
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ID Number |
4906220139089 |
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Verified ID
Number |
Yes |
|
Current Age |
63 |
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Designation |
Member |
|
Status |
Active |
|
Appointment Date |
Not on record |
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Address (at time of
Appointment) |
53 Hendry Road ROSEGLEN 4091 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None on record |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
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Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 3 of 3
|
Surname |
ESSA |
|
First Names |
NAIEM |
|
ID Number |
7502115239087 |
|
Verified ID
Number |
Yes |
|
Current Age |
36 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
Not on record |
|
Address (at time of
Appointment) |
49 Hendry Road ROSEGLEN 4091 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None on record |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
SKY ENVELOPE AND
STATIONERY MANUFACTURERS CC |
1997/011164/23 |
Deregistration
Process |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
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 |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.25 |
|
UK Pound |
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.06 |
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.