MIRA
INFORM REPORT
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Report Date : |
20.12.2011 |
IDENTIFICATION DETAILS
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Name : |
ACHILLIES COMMODITIES TRADING CC |
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Formerly Known As : |
ACHILLIES INVESTMENT 2071 |
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Registered Office : |
126 Marine Parade 237 Marine Parade Durban 4056 |
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Country : |
South Africa |
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Date of Incorporation : |
23.11.2000 |
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Com. Reg. No.: |
2000/070534/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Exporting of scrap metals |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRAs 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 : |
Small 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) |
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South Africa |
A1 |
A1 |
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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
Total Credit Limit Exposure:
Total Suretyship:
This is an established small business that exports.
The subject is not a general credit seeker locally and
purchases on a CASH basis.
Detailed information was declined by the subject.
We cannot recommend any credit dealings and suggest all
payments be made on a Letter of Credit basis.
Company Information
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Registered Name |
ACHILLIES COMMODITIES TRADING CC |
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Trading as/ Division Name |
None |
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Previous Name |
ACHILLIES INVESTMENT 2071 |
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Date of Name Change |
2010-09-21 |
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Registration Number |
2000/070534/23 |
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Registration Date |
2000-11-23 |
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Date Commenced Trading |
2000-11-23 |
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Age of Business |
11 Years 1 Months |
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History of Business |
The subject has been trading since 2000 |
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Shareholders/Members/Partners of subject
and % holding |
75% ASHOK KUMAR BANSAL 25% AKASH BANSAL |
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Status |
This Business is Active |
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Operations Assessment |
Exporting of scrap metals |
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Industry/ Customers |
Various |
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Export |
India mainly |
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Major Industry Code / SICC |
61420 Wholesale and retail |
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Definition of Code |
Wholesale trade in metal and metal ores |
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Head Office Physical Address |
Physical Address: 677 Umgeni Road DURBAN Kwazulu Natal Registered Address: 126 Marine Parade 237 Marine Parade DURBAN 4056 |
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Head Office Postal Address |
PO Box 10558 Marine Parade DURBAN 4001 |
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Current Tel Number |
031 3125053 |
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Current Fax Number |
031 3125868 |
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Current Email Address |
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Web Site Address |
None |
Auditors Information
There was no answer on the Auditors phone
and it is assumed the business is closed for Christmas.
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Company Registered Name |
KISHORE RAGUNANAN AND CO |
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Contact Person |
KISHORE |
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Contact Number |
031 3121017 |
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SAICA number |
1128 |
Previous Auditors
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Company Name |
Phone Number |
Time with previous auditors |
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PATEL AND PATEL |
Unknown |
Unknown |
Tax Information
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Vat Number |
4810195240 |
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Status |
Active |
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Vat Liable Date |
Monthly |
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Tax Number |
9583101143 |
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Tax Clearance Expire Date |
October |
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Financial Year End |
October |
Black Economic Empowerment
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Status |
None |
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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 |
None |
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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 |
Workmans compensation
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Registered |
Yes |
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Compliance Certified |
Yes |
Company Structure
Subsidiaries
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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 |
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1. Salaried
employees |
5 |
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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 |
1 |
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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 |
1 |
Owned |
Not provided |
None |
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5. Trucks |
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6. Fork
Lifts |
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7. Other |
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Offices |
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Head Office Owned/ Rented |
Rented |
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Rental Company |
KISHORE RAGUNANAN AND COMPANY (Auditors) |
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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 |
None |
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Lease Expire Date |
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Type of Premises |
Offices |
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Branches Names |
Country |
Province |
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None |
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Branches Owned/ Rented |
None |
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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
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Level |
Position |
Name |
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1 |
Managing Member |
ASHOK BANSAL |
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2 |
General Manager |
AKASH BANSAL |
Company Structure (Ownership)
Note: One level up and all
levels down
|
Holding |
Company |
Sub |
|
75% ASHOK KUMAR BANSAL 25% AKASH BANSAL |
ACHILLES COMMODITIES TRADING CC |
None |
Trade References
Key deals signed within the past 12 months.
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Company |
Value |
Contact |
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None |
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In view of the nature of business the
subject only purchases on a cash basis with its local suppliers. Trade
references were then not provided.
Adverse Information on Subject
Judgements
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Judgements |
None |
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Possible
Judgements |
None |
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Civil Court |
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 |
STANDARD BANK |
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Branch |
Florida Road |
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Bank Account Number |
Declined |
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Type of Account |
Declined |
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Bank Code |
None provided as account number was not submitted by the subject |
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Bank Comment |
None |
Bank Codes History
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Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
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. |
ST59490/2006 |
Erf/Site No. |
11380,2 |
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Deeds Office |
PIETERMARITZBURG |
Physical Address |
25 OLD FORT
NORTH BEACH DURBAN |
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Property Type |
Sectional Title/Unit |
Extent / Size |
132.0SQM |
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Purchase Date |
2006-08-04 |
Purchase price |
R 1 025 000,00 |
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% Ownership |
0.0000 |
Bond Holder |
STANDARD BANK OF
SA |
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Bond Number |
SB727102006 |
Bond Amount |
R 1 025 000,00 |
Financial Information
Financial
Estimates
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CURRENT ASSETS |
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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 |
R48 000 000 |
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 |
|
Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
|
Number of Principals |
2 |
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Average Age of Active Principals |
45 |
Active Principals
Principal 1 of2: ASHOK KUMAR BANSAL
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Surname |
BANSAL |
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First Name |
ASHOK |
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Other Names |
KUMAR |
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Marital Status |
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ID Number |
4404045992187 |
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Verified ID Number |
No |
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Current Age |
67 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2003-07-17 |
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Physical Address (at time of Appointment) |
126 Marine Sands 237 Marine Parade DURBAN 4001 |
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Postal Address |
PO Box 10558 MARINE PARADE 4056 |
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Current Tel Number |
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Cell number |
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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:ASHOK KUMAR BANSAL
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:ASHOK KUMAR BANSAL
Current
Business Interests
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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None |
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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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None |
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Deeds Information
Property
Interestsfor:ASHOK KUMAR BANSAL
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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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Principal 2 of 2: AKASH BANSAL
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Surname |
BANSAL |
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First Name |
AKASH |
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Other Names |
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Marital Status |
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ID Number |
7612305798188 |
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Verified ID Number |
No |
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Current Age |
35 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2003-07-17 |
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Physical Address (at time of Appointment) |
126 Marine Sands 237 Marine Parade DURBAN 4001 |
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Postal Address |
PO Box 10558 MARINE PARADE 4056 |
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Current Tel Number |
031 3125053 |
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Cell number |
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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: AKASH BANSAL
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: AKASH BANSAL
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
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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 |
|
SIRON TECHNOLOGY CC |
2003/106004/23 |
Deregistration Final |
8 Years |
0 |
No |
|
MINDTREE TECHOLOGIES (PTY) LTD |
2004/033021/07 |
In Business |
7 Years 1 Months |
0 |
No |
Deeds Information
Property Interestsfor: AKASH BANSAL
|
Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
|
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 |
|
Bond Holder |
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Bond Number |
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Bond Amount |
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Adverse
Information for: AKASH BANSAL
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: AKASH BANSAL
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
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Previous Business Interests
|
Average Age of
Previous Business Interests |
7 |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
MINDTREE TECHNOLOGIES (PTY) LTD |
2004/033021/07 |
In Business |
7 Years 1 Months |
0 |
No |
Deeds Information
Property Interestsfor: AKASH BANSAL
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
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.52.96 |
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|
1 |
Rs.82.04 |
|
Euro |
1 |
Rs.68.91 |
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 |
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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 |
|
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 SCs 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.