MIRA
INFORM REPORT
|
Report Date : |
05.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
TARRI IMPEX CC |
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Registered Office : |
Stand 1642 Rail Road Roodekop Germiston |
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Country : |
South Africa |
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Date of Incorporation : |
10.06.2010 |
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Com. Reg. No.: |
B2010/086222/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Dealers in scrap metals |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
A2 |
A2 |
|
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
On investigation it was established that the
subject is a CC.
The business is new.
Current commitments are being met within
terms.
A bank code could not be obtained from the
State Bank Of India.
It is suggested that at present all dealings
be on a Letter of Credit basis in view of the infancy of the concern.
Company Information
|
Registered
Name |
TARRI IMPEX CC |
|
Trading
as/ Division Name |
GOBIND METALS RECYCLERS |
|
Previous Name |
None |
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Date of Name
Change |
N/A |
|
Registration
Number |
B2010/086222/23 |
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Registration
Date |
2010-06-10 |
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Date Commenced
Trading |
2010 |
|
History of
Business |
The subject commenced as a new business in 2010. |
|
History of
Principals |
MR P SINGH was formerly working in India and MR A SINGH lines in the
UK and has his own business there. |
|
Shareholders of
subject and % holding |
75% A SINGH 25% P SINGH |
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Age of Company |
1 year 5 months |
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Status |
In Business |
|
Operations Assessment |
Dealers in scrap metals |
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Industry/
Customers |
Recyclers |
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Export |
India |
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Major Industry
Code / SICC |
39510 Manufacturing |
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Definition of
Code |
Recycling of metal waste and scrap |
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Head Office
Physical Address |
Stand 1642 Rail Road ROODEKOP Germiston |
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Head Office
Postal Address |
P O Box 477 RANDBURG 2125 |
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Current Tel
Number |
083 4414259 |
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Current Fax
Number |
086 6236368 |
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Current Email
Address |
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|
Web Site Address |
None |
Auditors Information
|
Company
Registered Name |
MANJEEV SHRIVASTAV |
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Trading Name |
None |
|
Registration
Number |
Started in 1994 |
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Physical Address |
Unit 50 Brazillia 33 8th Street LINDEN Johannesburg |
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Postal Address |
P O Box 44079 LINDEN 2104 |
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Contact Person |
MANJEEV |
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Contact Number |
082 5998224 |
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Principals |
1 Sole Proprietor |
|
Subject Verified
as Client |
Yes |
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SAICA number |
A0623522 |
|
BEE Status |
N/A |
|
Financial Year End |
February |
|
Years With
Auditors |
1 |
|
Website |
None |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
DESAI JUDWAT INC |
Unknown |
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KEN AND ASSOCIATES |
Unknown |
Tax Information
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Vat Number |
4660257868 |
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Status |
Active |
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Vat Liable Date |
Every second month |
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Tax Number |
9616328168 |
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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 |
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ISO Status
|
Type of ISO
Grade |
None |
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ISO Certificate |
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ISO Certificate
Available |
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Certified by anAccredited Agent |
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Workman’s compensation
|
Registered |
Recently applied |
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Compliance
Certified |
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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 |
5 |
|
1.
Salaried
employees |
5 |
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2.
Waged
employees |
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3.
Permanent
employees |
5 |
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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 |
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3.
Trailers |
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4.
Busses |
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5.
Trucks |
2 |
Owned |
Unknown, bought on auction |
None |
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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 |
API PROPERTY GROUP |
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Lease Agreement |
5 years |
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Lease Expire
Date |
1 July 2013 |
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Type of Premises |
Open yard |
Trade References
|
Supplier |
Contact |
|
1)
MMRC |
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2)
PRIME LUBRICANTS |
011 8643573 |
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3)
ABROAD METALS |
082 9480693/ 082
8746674 |
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4)
INDUSTRIAL CENTRE |
011 9025079 |
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5)
FREIGHT WORLD |
082 5719928 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
2)2010 |
Open |
R50 000 |
30 days |
Up to R50 000 |
30 days |
Very Good |
|
3)2-3 months |
None |
R500 000 |
EFT |
R500 000 |
EFT |
Good/ New |
|
4)4 months |
R25 000 |
R25 000 |
COD |
R25 000 |
COD |
Good |
Adverse Information on Subject
|
Judgements |
None |
|
Possible Judgements |
None |
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Civil Court |
None |
|
RDs |
None |
Default Data
|
Date |
Details |
|
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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Title Deed No. |
None |
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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Bank Information
|
Bank |
STATE BANK OF INDIA |
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Branch |
Johannesburg (Rosebank) |
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Bank Account
Number |
20060120101 |
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Type of Account |
Transmission |
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Branch Code |
Unknown |
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Account Name |
TARRI IMPEX CC |
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Overdraft
Facilities |
None |
|
Bank Code |
None Given from State Bank of India |
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 |
R1 000 000 |
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Debtors |
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Cash on Hand |
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FIXED ASSETS |
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Plant,
Equipment, Vehicles |
R1 000 000 |
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Property |
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CURRENT LIABILITIES |
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Creditors |
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Loans/ From? |
None |
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LONG TERM
LIABILITIES |
None |
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Morgage Bonds |
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ANNUAL Turnover |
R10 000 000 |
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Previous Year
Turnover |
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Estimated
Current Year Turnover |
R10 000 000- R30 000 000 |
Principals
|
Number of
Principals |
3 |
|
Average Age of
Active Principals |
40 |
Active Principals
Principal 1 of 2
|
Surname |
SINGH |
|
First Names |
PARAMJIT |
|
Marital Status |
Married |
|
ID Number |
7209026278085 |
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Verified ID
Number |
Yes |
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Current Age |
39 |
|
Designation |
Member |
|
Status |
Active |
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Appointment Date |
2011-02-15 |
|
Address (at time
of Appointment) |
409 344 Kent Avenue RANDBURG 2125 |
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 |
8 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
RANA FASHION CC |
2001/051756/23 |
Deregistration
Final |
0 |
No |
|
ROYAL SQUARE
INVESTMENTS 282 CC |
2005/070459/23 |
Deregistration
Final |
0 |
No |
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 |
|
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 2
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Surname |
SINGH |
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First Names |
AVTAR |
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Marital Status |
|
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ID Number |
691104 |
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Verified ID
Number |
No |
|
Current Age |
42 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
2011-02-15 |
|
Address (at time
of Appointment) |
344 Kent Avenue RANDBURG 2125 |
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 |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
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 |
|
|
Purchase Date |
|
Purchase price |
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|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
|
|
1 |
Rs.80.50 |
|
Euro |
1 |
Rs.69.14 |
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 |
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-- |
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.