MIRA INFORM REPORT
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Report Date : |
02.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ELANGENI OIL AND SOAPS (PTY) LTD |
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Registered Office : |
Upper Ground Floor,
17 Buro Cresent , Mayville, |
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Country : |
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Date of Incorporation : |
22.03.1984 |
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Com. Reg. No.: |
1984/002972/07 |
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Legal Form : |
Private company |
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Line of Business : |
Production of soaps and edible oils |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
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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Maximum Credit Limit : |
$ 150 000 |
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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 – September 30th, 2011
|
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 |
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Subject Name |
ELANGENI OIL AND SOAPS (PTY) LTD |
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Country |
SOUTH AFRICA |
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Requested Credit Limit |
$ 150 000 |
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Enquiry Terms |
D/A |
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Account Review |
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Subject Contact person |
FAROUK MOHAMMED – FINANCIAL MANAGER |
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Assessment |
On investigation we made contact with FAROUK MOHAMMED who declined to assist with any information regarding the subject. Mr. MOHAMMED requested the name of the principle enquirer and the reason of the enquiry. He saw no reason why the subject should divulge company information to an overseas company. The subject deals on a LC Basis with companies in INDIA. However please see the available information on the subject below. |
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Registered Name |
ELANGENI OIL AND SOAPS (PTY) LTD |
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Trading as/ Division Name |
Unavailable |
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Previous Name |
Unavailable |
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Date of Name Change |
Unavailable |
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Registration Number |
1984/002972/07 |
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Registration Date |
1984-03-22 |
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Date Commenced Trading |
1984-03-22 |
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Age of Business |
28 Years |
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History of Business |
Since
ELANGENI OIL & SOAPS was established in 1984 it has been a leading
producer of high quality edible oils, toilet & laundry soaps. |
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History of Principals |
Unavailable |
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Shareholders and % holding |
Unavailable |
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Authorised Share Capital |
0 |
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Issued Share Capital |
0 |
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Status |
In Business |
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Operations Assessment |
Production
of soaps and edible oils. Such as
: SOAPS: ROSETTE FRUIT
SCENE TOUCH OF
PEARLS SOFT
PETALS RAVE
PURE SOAP ELANGENI
GREEN BAR HI-GENE
HEALTH HEALTH
JOY / CARBOLIC OILS : DELO
PURE SUNFLOWER OIL SAFFLO
PURE COOKING OIL |
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Industry/ Customers |
Unavailable |
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Export |
Unavailable |
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Major Industry Code / SICC |
3354 30142 |
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Definition of Code |
Manufacture of
soap and detergents, cleaning and polishing preparations, perfumes and toilet
preparations Manufacture of
compound cooking fats, margarine and edible oils |
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Head Office Physical Address |
Upper Ground
Floor 17 Buro Cresent Mayville DURBAN KWAZULU NATAL |
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Head Office Postal Address |
P O Box 51317 MUSGRAVE 4062 |
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Current Tel Number |
031 2035000 |
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Cell number |
Unavailable |
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Current Fax Number |
031 2082676 |
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Current Email Address |
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Web Site Address |
We await further
information from the Auditors
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Company Registered Name |
DESAI JADWAT INCORPORATED |
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Trading Name |
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Registration Number |
1995/002083/21 |
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Physical Address |
1ST FLOOR, KENILWORTH PARK, 202 BRICKFIELD ROAD, OVERPORT, 4067 |
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Postal Address |
PO Box 4969 DURBAN 4000 |
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Contact Person |
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Contact Number |
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Email |
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Principals |
4 |
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Judgements Against Subject |
None |
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Judgements Against Principals |
None |
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Subject Verified as Client |
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SAICA number |
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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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DESAI JADWAT AND
SALEJEE |
Unknown |
20 Years |
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Vat Number |
4210102614 |
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Status |
Active |
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Vat Liable Date |
1991-09-30 |
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Tax Number |
9082079204 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
December |
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Status |
Unavailable |
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Score |
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Expire Date |
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BEE Certificate Available |
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Type of ISO Grade |
Unavailable |
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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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Registered |
Unavailable |
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Compliance Certified |
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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 |
Unavailable |
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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 |
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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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Unavailable |
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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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Organisation chart
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Level |
Position |
Name |
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Unavailable |
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Company Structure
(Ownership)
Note: One level up and
all levels down
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Holding |
Company |
Sub |
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Unavailable |
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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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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 |
Judgements
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Case Number |
No information on record |
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Amount |
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Reason |
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Court Name |
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Judgement Type |
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Judgement Date |
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Plaintiff
(Multiple) |
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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
|
Date |
Details |
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None |
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Notarial Bonds
|
Date |
Details |
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None |
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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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Unavailable |
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Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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Unavailable |
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Property Interestsfor Company
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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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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:
|
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 |
4 |
|
Average Age of Active Principals |
51 |
Active Principals
Principal 1 of 4: EBRAHIM PARUK
|
Surname |
PARUK |
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First Name |
EBRAHIM |
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Other Names |
Y |
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Marital Status |
Unavailable |
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ID Number |
7806305121082 |
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Verified ID Number |
Yes |
|
Current Age |
34 |
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Designation |
Businessman |
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Status |
Active |
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Appointment Date |
2006-05-16 |
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Physical Address (at time of Appointment) |
19 Woodlands Avenue WESTVILLE 3630 |
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Postal Address |
PO Box 4206 DURBAN 4000 |
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Current Tel Number |
031 2035000 |
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Cell number |
083 7788665 |
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Current Fax Number |
Unavailable |
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Current Email Address |
Unavailable |
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Shareholding |
0.0000 |
Adverse
Information for: EBRAHIM PARUK
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: EBRAHIM PARUK
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ELANGENI OIL AND SOAP (PTY) LTD |
1984/002972/07 |
In Business |
28 Years |
0 |
No |
|
CAMEL ROCK TRADING 198 CC |
B2006/149479/23 |
In Business |
5 Years 7 Months |
0 |
No |
|
ELANGENI HOLDINGS LTD |
M1944/017617/06 |
In Business |
67 Years 8
Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
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Deeds Information
Property
Interests for: EBRAHIM PARUK
|
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 4: CASSIM PARUK
|
Surname |
PARUK |
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First Name |
CASSIM |
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Other Names |
Y |
|
Marital Status |
Unavailable |
|
ID Number |
7903265202083 |
|
Verified ID Number |
Yes |
|
Current Age |
33 |
|
Designation |
Businessman |
|
Status |
Active |
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Appointment Date |
2006-05-16 |
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Physical Address (at time of Appointment) |
24 Moffat Avenue WESTVILLE 3630 |
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Postal Address |
PO Box 4206 DURBAN 4000 |
|
Current Tel Number |
032 4592949 |
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Cell number |
Unavailable |
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Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse Information for: CASSIM PARUK
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: CASSIM PARUK
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ELANGENI OIL AND SOAPS (PTY) LTD |
1984/002972/07 |
In Business |
28 Years |
0 |
No |
|
PALS CLOTHING (PTY) LTD |
M1940/013967/07 |
In Business |
71 Years 9
Months |
0 |
No |
|
ELANGENI HOLDINGS LTD |
M1944/017617/06 |
In Business |
67 Years 8
Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
18 Years 5 Months |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
HILLTOP TRADING (PTY) LTD |
1993/005767/07 |
Voluntary
Liquidation |
18 Years 5
Months |
0 |
Yes |
Deeds Information
Property
Interests for: CASSIM PARUK
|
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 |
|
Purchase price |
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% Ownership |
|
Bond Holder |
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|
Bond Number |
|
Bond Amount |
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Principal 3 of 4:
MOOSA LAKHI
|
Surname |
LAKHI |
|
First Name |
MOOSA |
|
Other Names |
Y |
|
Marital Status |
Unavailable |
|
ID Number |
5804055050082 |
|
Verified ID Number |
Yes |
|
Current Age |
54 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
1995-02-24 |
|
Physical Address (at time of Appointment) |
48 Hannan Road DURBAN 4001 |
|
Postal Address |
PO Box 4206 DURBAN 4000 |
|
Current Tel Number |
031 2035000 |
|
Cell number |
083 7788668 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse Information for: MOOSA LAKHI
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: MOOSA LAKHI
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ELANGENI OIL AND SOAPS (PTY) LTD |
1984/002972/07 |
In Business |
28 Years |
0 |
No |
|
BASFOUR 3305 (PTY) LTD |
2005/034382/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
YS LAKHI INVESTMENTS CC |
B2004/064707/23 |
In Business |
7 Years 8 Months |
0 |
No |
|
ELANGENI HOLDINGS LTD |
M1944/017617/06 |
In Business |
67 Years 8
Months |
0 |
No |
Previous
Business Interests
|
Average Age of Previous
Business Interests |
60 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ADVANCE FINANCIAL SERVICES LTD |
1914/004513/06 |
In Business |
97 Years 6
Months |
0 |
No |
|
ADVANCE FINANCIAL SERVICES (PTY) LTD |
1914/004513/06 |
In Business |
97 Years 6
Months |
0 |
No |
|
ADVANCE PRODUCTS (PTY) LTD |
1939/012832/07 |
In Business |
72 Years 9
Months |
0 |
No |
|
ADVANCE (PTY) LTD |
1949/033889/07 |
In Business |
62 Years 9
Months |
0 |
No |
|
USHAKA SQUARE CC |
1997/014064/23 |
Deregistration
Process |
15 Years |
0 |
No |
|
GRAINVEST NORTH WEST (PTY) LTD |
M1997/000298/07 |
Voluntary
Liquidation |
15 Years 2
Months |
1 |
Yes |
Deeds Information
Property
Interests for: MOOSA LAKHI
|
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 |
|
Principal
4 of 4: ISMAIL PARUK
|
Surname |
PARUK |
|
First Name |
ISAMAIL |
|
Other Names |
MAHOMED |
|
Marital Status |
Unavailable |
|
ID Number |
4411105130053 |
|
Verified ID Number |
Yes |
|
Current Age |
68 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1984-03-22 |
|
Physical Address (at time of Appointment) |
14 Woodside Avenue Cowies Hill DURBAN 3630 |
|
Postal Address |
PO Box 4206 DURBAN 4000 |
|
Current Tel Number |
031 2035000 |
|
Cell number |
082 6956407 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse Information for: ISMAIL PARUK
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: ISMAIL PARUK
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ELANGENI OIL AND SOAPS (PTY) LTD |
1984/002972/07 |
In Business |
28 Years |
0 |
No |
|
TENNA INVESTMENTS (PTY) LTD |
1985/002821/07 |
In Business |
26 Years 9
Months |
0 |
No |
|
ELANGENI HOLDINGS LTD |
M1944/017617/06 |
In Business |
67 Years 8
Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
55 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ADVANCE FINANCIAL SERVICES (PTY) LTD |
1914/004513/06 |
In Business |
97 Years 6
Months |
0 |
No |
|
ADVANCE PRODUCTS (PTY) LTD |
1939/012832/07 |
In Business |
72 Years 9
Months |
0 |
No |
|
ADVANCE (PTY) LTD |
1949/033889/07 |
In Business |
62 Years 9
Months |
0 |
No |
|
ISMA DISTRIBUTORS (PTY) LTD |
1965/009865/07 |
Voluntary
Liquidation |
46 Years 4
Months |
0 |
Yes |
|
PARKBRO PROPERTIES (PTY) LTD |
1971/006850/07 |
Deregistration
Final |
40 Years 9
Months |
0 |
No |
|
CHALLEN INVESTMENTS (PTY) LTD |
1985/001588/07 |
Deregistration
Final |
27 Years |
0 |
No |
|
ELANGENI GROUP FINANCIAL SERVICES (PTY) LTD |
M1995/010337/07 |
In Business |
16 Years 6
Months |
0 |
No |
Deeds Information
Property
Interests for: ISMAIL PARUK
|
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.51.16 |
|
UK Pound |
1 |
Rs.81.72 |
|
Euro |
1 |
Rs.68.34 |
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.