%20LTD%20-%20164470%2029-Dec-2011_files/image002.jpg){kind=small}
MIRA INFORM REPORT
|
Report Date : |
29.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
NAVADA CLOTHING MANUFACTURERES (PTY) LTD |
|
|
|
|
Registered Office : |
9-15 Guy Gibson Road, Aeroton Ext5, Gauteng |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
04.05.1995 |
|
|
|
|
Com. Reg. No.: |
M1995/003836/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturing of exclusive menswear, shoes and accessories |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
US$1 500 000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
Unknown |
|
|
|
|
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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company details
|
Subject Name |
NAVADA CLOTHING MANUFACTURERES (PTY) LTD |
|
Country |
SOUTH AFRICA |
|
Requested Credit Limit |
US$1 500 000 |
|
Enquiry Terms |
D/A |
|
Account Review |
RECOMMENDED EVERY 6 MONTHS |
|
Subject Contact person |
I NANA |
|
Assessment |
Total Credit Limit Exposure: Total Suretyship: On investigation attempts to contact the subject proved unsuccessful asthe phone number constantly rings, a message has been left on the cellular phone for MR NANA to contact the investigator as well as a contact email has been sent. Manufacturing companies do close over the Christmas period and should be open after the 9th January 2012. Attempts will be made in January and information will be forwarded as soon as possible. |
Company Information
|
Registered Name |
NAVADA CLOTHING MANUFACTURERS (PTY) LTD |
|
Trading as/ Division Name |
|
|
Previous Name |
|
|
Date of Name Change |
|
|
Registration Number |
M1995/003836/07 |
|
Registration Date |
1995-05-04 |
|
Date Commenced Trading |
|
|
Age of Business |
16 Years 7 Months |
|
History of Business |
|
|
History of Principals |
|
|
Shareholders and % holding |
|
|
Authorised Share Capital |
|
|
Issued Share Capital |
|
|
Status |
In Business |
|
Operations Assessment |
Manufacturing of exclusive menswear, shoes
and accessories. |
|
Industry/ Customers |
|
|
Export |
|
|
Major Industry Code / SICC |
31313,314,315 Manufacturing |
|
Definition of Code |
Manufacture of wearing apparel |
|
Head Office Physical Address |
9-15 Guy Gibson Road AEROTON EXT5 Gauteng |
|
Head Office Postal Address |
P O Box 90970 BERTSHAM 2013 |
|
Current Tel Number |
011 4943470 |
|
Cell number |
082 4475442 |
|
Current Fax Number |
011 4943017 |
|
Current Email Address |
|
|
Web Site Address |
Auditors Information
|
Company Registered Name |
JCB INCORPORATED |
|
Trading Name |
|
|
Registration Number |
|
|
Physical Address |
|
|
Postal Address |
P O Box 2152 PARKLANDS 2121 |
|
Contact Person |
|
|
Contact Number |
|
|
Email |
|
|
Principals |
|
|
Judgements Against Subject |
|
|
Judgements Against Principals |
|
|
Subject Verified as Client |
|
|
SAICA number |
913952E |
|
VAT Number |
|
|
Tax Number |
|
|
BEE Status |
|
|
Financial Year End |
|
|
Years With Auditors |
|
|
Website |
|
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
SEEDAT AND
COMPANY |
|
10 years plus |
Tax Information
|
Vat Number |
4370103162 |
|
Status |
Active |
|
Vat Liable Date |
|
|
Tax Number |
9428088844 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
February |
Black Economic Empowerment
|
Status |
Unavailable |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
Yes/No |
ISO Status
|
Type of ISO Grade |
Unavailable |
|
ISO Certificate |
Yes/No |
|
ISO Certificate Available |
Yes/No |
|
Certified by an Accredited Agent |
Yes/No |
Workman’s compensation
|
Registered |
Unavailable |
|
Compliance Certified |
Yes/No |
Company Structure
Subsidiaries
|
Subsidiary Company |
Unavailable |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Subsidiary Company |
|
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
Unavailable |
|
1. Salaried
employees |
|
|
2. Waged
employees |
|
|
3. Permanent
employees |
|
|
4. Casual
employees |
|
|
5. Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
Unavailable |
|||
|
1. Cars |
|
|
|
|
|
2. Light
Delivery Vehicles |
|
|
|
|
|
3. Trailers |
|
|
|
|
|
4. Busses |
|
|
|
|
|
5. Trucks |
|
|
|
|
|
6. Fork
Lifts |
|
|
|
|
|
7. Other |
|
|
|
|
|
Offices |
Unavailable |
Head Office Owned/ Rented |
|
|
Rental Company |
|
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
|
Branches Names |
Country |
Province |
|
Unavailable |
|
|
Branches Owned/ Rented |
Unavailable |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
Management
Overview
Organisation chart
|
Level |
Position |
Name |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Company Structure
(Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
|
|
|
|
|
|
|
Trade References
Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
|
Unavailable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
Unavailable |
|
|
|
|
2 |
|
|
|
|
|
3 |
|
|
|
|
|
4 |
|
|
|
|
|
5 |
|
|
|
|
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Unavailable |
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
|
3 |
|
|
|
|
|
|
|
|
4 |
|
|
|
|
|
|
|
Adverse Information on Subject
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
|
Default Listings
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Bank Information
|
Bank |
NEDBANK |
|
Branch |
|
|
Bank Account Number |
|
|
Type of Account |
|
|
Account Name |
|
|
Overdraft Facilities |
Yes/No |
|
Date Opened |
|
|
Bank Code |
|
|
Bank Comment |
|
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
None |
|
|
|
|
|
|
|
Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Deeds Information
Property
Interestsfor Company
|
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 |
|
Financial Information
Financial
Estimates
|
CURRENT ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
|
|
Current Turnover per month |
|
|
Current Turnover per annum |
|
Please note the
following:
|
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 |
|
Average Age of Active Principals |
79 |
Active Principals
Principal 1 of 2: SANJAY NANA
|
Surname |
NANA |
|
First Name |
SANJAY |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
6502155109084 |
|
Verified ID Number |
Yes |
|
Current Age |
46 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Not on record |
|
Physical Address (at time of Appointment) |
1975 Cosmos Street LENASIA SOUTH 1820 |
|
Postal Address |
|
|
Current Tel Number |
|
|
Cell number |
|
|
Current Fax Number |
|
|
Current Email Address |
|
|
Shareholding |
|
Adverse
Information for SANJAY NANA
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for SANJAY NANA
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
DAVISH (PTY) LTD |
M1984/004753/07 |
In Business |
27 years 7
months |
0 |
No |
Previous Business
Interests
|
Average Age of Previous
Business Interests |
20 years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SHANANDI
INVESTMENTS (PTY) LTD |
1986/005181/07 |
Deregistration
Final |
25 years |
0 |
No |
|
SERRANO WHOLESALERS
AND DISTRIBUTORS (PTY) LTD |
1993/001903/07 |
Deregistration
Final |
18 years 8
months |
0 |
No |
|
RASHNI
INVESTMENTS (PTY) LTD |
1998/008254/07 |
Deregistration
Final |
13 years 8
months |
0 |
No |
Deeds Information
Property
Interestsfor SANJAY NANA
|
Title Deed No. |
ST41328/2007 |
Erf/Site No. |
36,0 |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
|
|
Property Type |
Sectional Title/ Unit |
Extent / Size |
209.0SQM |
|
Purchase Date |
2007-05-18 |
Purchase price |
R1 750 000 |
|
% Ownership |
0.0000 |
Bond Holder |
NEDBANK LTD |
|
Bond Number |
SB477182007 |
Bond Amount |
R1 575 000 |
Principal
2 of 2: ISHWANLAL NANA
|
Surname |
NANA |
|
First Name |
ISHWANLAL |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
4103305032052 |
|
Verified ID Number |
Yes |
|
Current Age |
70 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Not on record |
|
Physical Address (at time of Appointment) |
1975 Cosmos Street LENASIA SOUTH 1820 |
|
Postal Address |
|
|
Current Tel Number |
|
|
Cell number |
|
|
Current Fax Number |
|
|
Current Email Address |
|
|
Shareholding |
(if the principal owns shares) |
Adverse Information for ISHWANLAL NANA
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for ISHWANLAL NANA
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
DAVISH (PTY) LTD |
M1984/004753/07 |
In Business |
27 years 7
months |
0 |
No |
|
MILDAC
PROPERTIES CC |
1988/035205/23 |
Deregistration
Process |
23 years |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
25 years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SHANANDI
INVESTMENTS (PTY) LTD |
1986/005181/07 |
Deregistration
Final |
25 years |
0 |
No |
Deeds Information
Property
Interestsfor ISHWANLAL NANA
|
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 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.21 |
|
UK Pound |
1 |
Rs.83.32 |
|
Euro |
1 |
Rs.69.51 |
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.