MIRA INFORM
REPORT
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Report Date : |
29.06.2011 |
IDENTIFICATION DETAILS
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Name : |
NATIONAL SOAPS CC |
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Registered Office : |
6 Twelfth Street, Maraisburg, Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
03.05.2007 |
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Com. Reg. No.: |
2007/086907/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Manufacturers of soap and other cleaning compounds |
RATING & COMMENTS
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MIRA’s 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 : |
Moderate |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
Assessment:
This is an established business that has adverse at the bank.
There was no information given regarding trade references or financials.
We have no basis upon which to recommend credit dealings.
We suggest all dealings be on an LC basis.
Company Information
|
Registered
Name |
NATIONAL SOAPS CC |
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Trading
as/ Division Name |
None |
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Previous Name |
No |
|
Date of Name
Change |
No |
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Registration
Number |
2007/086907/23 |
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Registration Date |
2007/05/03 |
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Date Commenced
Trading |
2007 |
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History of
Business |
The subject was started as a new business. Mr Ayob is recorded to have
many years experience in the industry. |
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Members of
subject and % holding |
100% MR Y AYOB |
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Members
contribution |
R100 |
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Age of Company |
4 years 1 month |
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Status |
In Business |
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Industry/
Customers |
Cash and Carry’s, Retailers |
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Major Industry
Code/ SICC |
33541, Manufacturing |
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Definition of
Code |
Manufacturers of soap and other cleaning
compounds. |
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Operations
Assessment |
Manufacture and sale of beauty and laundry
soaps. |
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Head Office
Physical Address |
6 Twelfth Street MARAISBURG Gauteng |
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Head Office
Postal Address |
P O Box 2075 FLORIDA HILLS 1716 |
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Current Tel
Number |
011 4728668 |
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Current Fax
Number |
011 4728795 |
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Current Email
Address |
Tax Information
|
Vat Number |
4860236886 |
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Vat Liable Date |
August |
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Status |
Active |
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Tax Number |
9485988159 |
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Tax Clearance |
Yes |
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Tax Clearance
Expire Date |
February |
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Financial Year
End |
February |
Black Economic Empowerment
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Status |
No |
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Score |
|
|
Expire Date |
|
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BEE Certificate
Available |
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ISO Status
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Type of ISO
Grade |
None |
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ISO Certificate |
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ISO Certificate
Available |
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Certified by an
Accredited Agent |
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Workman’s compensation
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Registered |
Yes |
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Compliance
Certified |
Yes, no: 27218441025 |
Company Structure
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Branches |
0 |
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Branches Names |
Country |
Province |
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None |
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Associated Companies |
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 |
42 |
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1.
Salaried
employees |
42 |
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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 |
2 |
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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 |
2 |
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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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Head Office
Owned/ Rented |
Owned |
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Owned by |
Mr Y Ayob |
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Type of Premises |
Manufacturing and offices |
Trade References
|
Supplier |
Contact |
|
Respondents
would not assist therefore awaiting the owner to contact the investigator. |
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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 |
|
None |
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Notarial
Bonds
|
Date |
Details |
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None |
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Auditors Information
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Company
Registered Name |
N Van Straten is on CIPRO but he is not known by
respondents at the business. We are awaiting details regarding auditors from
Mr Ayob |
Bank Information
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Bank |
STANDARD BANK |
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Branch |
FLORIDA |
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Bank Account
Number |
021158517 |
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Type of account |
CURRENT |
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Branch Code |
Unknown |
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Account Name |
National Soaps CC |
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Date Opened |
20-07-2010 |
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Bank Code |
H |
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Bank Comment |
The subject’s bankers advise numerous extensions and dishonoured
paper, the last RD was 25-05-2011 |
Deeds Information
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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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Financial Information
Financial
Estimates
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CURRENT ASSETS |
We are awaiting Mr Ayob to contact the reporter, should he be willing
to assist. |
Principals
|
Number of
Principals |
1 |
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Average Age of
Active Principals |
47 |
Active Principals
Principal 1 of 1
|
Surname |
AYOB |
|
First Names |
YUNIS |
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ID Number |
6404085185088 |
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Current Age |
47 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2007-05-22 |
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Address (at time
of Appointment) |
21 Daartmoor Road FLORIDA HILLS 1716 |
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ID Verification |
Yes |
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 |
|
EVEREST
IMPORTERS AND EXPORTERS CC |
1994/036056/23 |
Deregistration
Final |
0 |
No |
|
CHINA BAZAAR CC |
1995/045032/23 |
Deregistration
Final |
0 |
No |
|
SAASHAA
INTERNATIONAL MARKETING CC |
1998/021187/23 |
Deregistration
Process |
0 |
No |
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SAASHAA SOAPS
AND DETERGENTS CC |
2000/040587/23 |
Deregistration
Process |
0 |
No |
|
UNI SOAPS AND
CHEMICAL INDUSTRIES (PTY) LTD |
2004/027885/07 |
Deregistration
Process |
0 |
No |
|
A Y CHEMICALS CC |
2005/012530/23 |
Deregistration
Process |
0 |
No |
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GOLDEN CHARIOT
CARRIERS CC |
2008/161709/23 |
Deregistration
Final |
0 |
No |
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VELVET STAR
PROPERTY INVETSMENTS CC |
2008/163141/23 |
In
Business |
0 |
No |
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NATIONAL
SILICATE AND CHEMICALS CC |
2009/223386/23 |
In
Business |
0 |
No |
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HIMALAYA EXPORTERS |
6404085185088 |
|
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
9 years |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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DIAVANTE TRADING
CC |
2001/055644/23 |
Deregistration
Final |
0 |
No |
Deeds Information
Property Interests of
Principle
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Property Interests |
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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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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.05 |
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UK Pound |
1 |
Rs.71.92 |
|
Euro |
1 |
Rs.64.37 |
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
NB |
New Business |
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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.