MIRA INFORM REPORT
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Report Date : |
19.12.2011 |
IDENTIFICATION DETAILS
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Name : |
JESH SHOES CC |
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Registered Office : |
17 Manchester Road, Pietermaritzburg, 3201 |
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Country : |
South Africa |
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Date of Incorporation : |
26.05.2004 |
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Com. Reg. No.: |
2004/050645/23 |
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Legal Form : |
Closed corporation |
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Line of Business : |
Retails trade, except of motor vehicles and motor cycles; repair of
personal households goods |
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No. of Employees
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Not Available |
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RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment
Behaviour : |
Unknown |
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Litigation : |
---- |
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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company information
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Subject Name |
JESH SHOES CC |
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Country |
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Requested Credit Limit |
US 1 500 000 |
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Enquiry Terms |
D/A |
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Account Review |
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Subject Contact person |
MR PILLAY |
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Assessment |
Total Credit Limit Exposure: Total Suretyship: On investigation many attempts have been made to contact MR or MRS PILLAY however they have not been available. Eventually contact was made with MR PILLAY today and he stated he could not assist immediately with information however an questionnaire was sent to him to complete. As soon as it is obtained we will forward it. Please see available information below. |
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Registered Name |
JESH SHOES CC |
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Trading as/ Division Name |
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Previous Name |
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Date of Name Change |
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Registration Number |
2004/050645/23 |
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Registration Date |
2004-05-26 |
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Date Commenced Trading |
2004-05-26 |
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Age of Business |
7 Years 7 Months |
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History of Business |
62-Retails trade, except of motor vehicles and motor cycles; repair of
personal households goods. |
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History of Principals |
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Shareholders/Members/Partners of subject
and % holding |
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Authorised Share Capital |
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Issued Share Capital/Members Contribution |
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Status |
This Business is Active |
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Operations Assessment |
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Industry/ Customers |
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Export |
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Major Industry Code / SICC |
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Definition of Code |
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Head Office Physical Address |
17 Manchester Road PIETERMARITZBURG 3201 |
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Head Office Postal Address |
PO Box 688 LUXMI 3207 |
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Current Tel Number |
033 3911483 |
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Cell number |
083 2341800 |
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Current Fax Number |
033 3971924 |
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Current Email Address |
Auditors
Information
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Company Registered Name |
MEKRAJ AND COMPANY. |
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Trading Name |
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Registration Number |
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Physical Address |
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Postal Address |
P O Box 437 LUXMI 3207 |
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Contact Person |
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Contact Number |
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Email |
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Principals |
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Judgements Against Subject |
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Judgements Against Principals |
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Subject Verified as Client |
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SAICA number |
955418 |
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VAT Number |
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Tax Number |
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BEE Status |
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Financial Year End |
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Years With Auditors |
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Website |
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Previous Auditors
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Company Name |
Phone Number |
Time with previous auditors |
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MALHERBE LOURENS |
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Unknown |
Tax Information
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Vat Number |
4540217884 |
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Status |
Active |
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Vat Liable Date |
2004-09-01 |
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Tax Number |
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Tax Clearance Expire Date |
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Financial Year End |
February |
Black Economic Empowerment
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Status |
Unavailable |
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Score |
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Expire Date |
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BEE Certificate Available |
Yes/No |
ISO Status
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Type of ISO Grade |
Unavailable |
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ISO Certificate |
Yes/No |
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ISO Certificate Available |
Yes/No |
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Certified by an Accredited Agent |
Yes/No |
Workman’s compensation
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Registered |
Yes/No |
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Compliance Certified |
Yes/No |
Company
Structure
Subsidiaries
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Subsidiary Company |
Unavailable |
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Shareholding |
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Registration Number |
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Import / Export |
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Number of
Employees |
Unavailable |
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1. Salaried
employees |
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2. Waged
employees |
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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 |
Unavailable |
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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 |
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6. Fork
Lifts |
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7. Other |
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Offices |
Unavailable |
Head Office Owned/ Rented |
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Rental Company |
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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 |
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Lease Expire Date |
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Type of Premises |
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Branches Names |
Country |
Province |
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Branches Owned/ Rented |
Unavailable |
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Rental Company |
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Owned |
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Value |
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Bank |
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Bond |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Management Overview
Organisation chart
Company Structure
(Ownership)
Note: One level up and all levels down
Trade References
Key
deals signed within the past 12 months.
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Company |
Value |
Contact |
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Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
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1 |
Unavailable |
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2 |
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3 |
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4 |
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5 |
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Trade
References Detail
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
Unavailable |
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2 |
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3 |
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4 |
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Adverse Information on Subject
Judgements
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Judgements |
None |
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Possible
Judgements |
None |
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Civil Court
Records |
None |
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RDs |
None |
Business
Rescue
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Date registered |
Business rescue practitioner |
Contact Information |
Details |
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None |
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Default
Listings
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Date |
Details |
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None |
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Notarial
Bonds
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Date |
Details |
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None |
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Bank Information
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Bank |
Unavailable |
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Branch |
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Bank Account Number |
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Type of Account |
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Account Name |
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Overdraft Facilities |
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Date Opened |
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Bank Code |
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Bank Comment |
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Bank Codes History
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Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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None |
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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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None |
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Deeds Information
Property
Interestsfor Company
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Title Deed No. |
Unavailable |
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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Financial Information
Financial
Estimates
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CURRENT ASSETS |
Unavailable |
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Stock |
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Debtors |
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FIXED ASSETS |
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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 |
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Morgage Bonds |
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Previous Year Turnover |
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Estimated Current Year Turnover |
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Current Turnover per month |
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Current Turnover per annum |
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Please note the
following:
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Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
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Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
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Number of Principals |
2 |
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Average Age of Active Principals |
47 |
Active Principals
Principal 1 of 2: PILLAY RENE
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Surname |
PILLAY |
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First Name |
RENE |
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Other Names |
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Marital Status |
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ID Number |
6607070626086 |
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Verified ID Number |
Yes |
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Current Age |
45 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
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Physical Address (at time of Appointment) |
29 Boundary Road Belfort Northdale PIETERMARITZBURG 3201 |
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Postal Address |
PO Box 437 LUXMI 3207 |
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Current Tel Number |
033 3911483 |
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Cell number |
072 6202687 |
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Current Fax Number |
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Current Email Address |
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Shareholding |
(if the principal owns shares) |
Adverse
Information for:PILLAY RENE
Judgement
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Number
of Judgements |
None |
Debt Review
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Debt review |
None |
Other
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Default data |
None |
Business
Information for:PILLAY RENE
Current Business Interests
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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Previous Business Interests
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Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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Deeds Information
Property
Interestsfor: PILLAY RENE
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Title Deed No. |
T10769/2009 |
Erf/Site No. |
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Deeds Office |
PIETERMARIZBURG |
Physical Address |
107 Brixham
Orient Heights PIETERMARITZBURG/MSUNDUZI |
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Property Type |
Freehold / Ervin |
Extent / Size |
1617.0SQM |
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Purchase Date |
2008-12-12 |
Purchase price |
R 1,500,000.00 |
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% Ownership |
0.0000 |
Bond Holder |
FIRSTRAND BANK
LTD |
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Bond Number |
B62062009 |
Bond Amount |
R 1,100,000.00 |
Principal 2 of 2: VINESHMALAN NA PILLAY
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Surname |
PILLAY |
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First Name |
VINESHMALAN NA |
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Other Names |
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Marital Status |
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ID Number |
6201085240057 |
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Verified ID Number |
No |
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Current Age |
49 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
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Physical Address (at time of Appointment) |
29 Boundary Road Belfort Northdale PIETERMARITZBURG 3201 |
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Postal Address |
PO Box 437 LUXMI 3207 |
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Current Tel Number |
033 3917540 |
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Cell number |
083 2341800 |
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Current Fax Number |
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Current Email Address |
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Shareholding |
(if the principal owns shares) |
Adverse
Information for : VINESHMALAN NA V N PILLAY
Judgement
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Number of
Judgements |
None |
Debt Review
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Debt review |
None |
Other
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Default data |
None |
Business
Information for: VINESHMALAN NA PILLAY
Current Business Interests
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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RENE FOOTWEAR |
6201085240057 |
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0 |
No |
Previous Business Interests
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Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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None |
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Deeds Information
Property Interestsfor: VINESHMALAN NA PILLAY
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Title Deed No. |
T10353/1997 |
Erf/Site No. |
0 |
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Deeds Office |
PIETERMARITZBURG |
Physical Address |
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Property Type |
Farms |
Extent / Size |
372SQM |
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Purchase Date |
1997-02-14 |
Purchase price |
R 50.000.00 |
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% Ownership |
0.0000 |
Bond Holder |
NBS BANK LTD |
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Bond Number |
B99531997 |
Bond Amount |
R 100.000.00 |
Criminal Check for: VINESHMALAN NA
PILLAY
Criminal Information (This is on request)
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Case Number |
None |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.52.81 |
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UK Pound |
1 |
Rs.82.00 |
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Euro |
1 |
Rs.68.81 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.