|
Report Date : |
03.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
SALEHA INVESTMENTS CC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
10.07.2003 |
|
|
|
|
Legal Form : |
Not Available |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
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$150000 |
|
|
|
|
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 30, 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 |
|
Subject Name |
SALEHA
INVESTMENTS CC |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
US$150000 |
|
Enquiry Terms |
D/A |
|
Account Review |
|
|
Subject Contact person |
SAMIER
CHUNILAL (082 782 7520) |
|
Assessment |
On
investigation we made contact with the subject.
We
were informed that they were not in a position to help us telephonically. The
director Mr SAMIER CHUNILAL (082 782 7520) requested the questionnaire
to be sent to him. We
made contact again with Mr SAMIER CHUNILAL regarding the questionnaire and he
has informed us that they will only be-able to send back the
questionnaire in a week’s time . Please
see available information on the subject below. |
|
Registered Name |
SALEHA INVESTMENTS CC |
|
Trading as/ Division Name |
|
|
Previous Name |
|
|
Date of Name Change |
|
|
Registration Number |
2003/057388/23 |
|
Registration Date |
2003/07/10 |
|
Date Commenced Trading |
2003/07/10 |
|
Age of Business |
8 Years 8 months |
|
History of Business |
|
|
History of Principals |
|
|
Shareholders and %
holding |
|
|
Authorised Share Capital |
|
|
Issued Share Capital |
|
|
Status |
In Business |
|
Operations Assessment |
|
|
Industry/ Customers |
|
|
Export |
|
|
Major Industry Code / SICC |
|
|
Definition of Code |
|
|
Head Office Physical Address |
30 Burnwood Road, SYDENHAM 4091 |
|
Head Office Postal Address |
PO Box 19604 DORMERTON 4015 |
|
Current Tel Number |
|
|
Cell number |
082 782 7520 |
|
Current Fax Number |
|
|
Current Email Address |
|
|
Web Site Address |
|
|
Company Registered Name |
S SAHADAVE |
|
Trading Name |
|
|
Registration Number |
|
|
Physical Address |
|
|
Postal Address |
PO Box 74084 ROCHDALE PARK 4034 |
|
Contact Person |
|
|
Contact Number |
|
|
Email |
|
|
Principals |
|
|
Judgements Against Subject |
|
|
Judgements Against Principals |
|
|
Subject Verified as Client |
|
|
SAICA number |
|
|
VAT Number |
|
|
Tax Number |
|
|
BEE Status |
|
|
Financial Year End |
|
|
Years With Auditors |
|
|
Website |
|
|
Company Name |
Phone Number |
Time with previous auditors |
|
FAROUK
MOHAMED LOONAT |
|
|
|
Vat Number |
4420216725 |
|
Status |
Active |
|
Vat Liable Date |
2005/03/31 |
|
Tax Number |
9267558154 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
|
|
Status |
Yes/No |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Type of ISO Grade |
|
|
ISO Certificate |
Yes/No |
|
ISO Certificate Available |
Yes/No |
|
Certified by an Accredited Agent |
Yes/No |
|
Registered |
Yes/No |
|
Compliance Certified |
Yes/No |
Subsidiaries
|
Subsidiary Company |
|
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number
of Employees |
|
|
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 |
|
|||
|
1. Cars |
|
|
|
|
|
2. Light Delivery Vehicles |
|
|
|
|
|
3. Trailers |
|
|
|
|
|
4. Busses |
|
|
|
|
|
5. Trucks |
|
|
|
|
|
6. Fork Lifts |
|
|
|
|
|
1. Other |
|
|
|
|
|
Offices |
|
Head Office Owned/ Rented |
|
|
Rental Company |
|
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
|
Branches Names |
Country |
Province |
|
|
|
|
Branches Owned/ Rented |
|
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
|
Level |
Position |
Name |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note: One level up and all levels down
|
Holding |
Company |
Sub |
|
|
|
|
|
|
|
|
Key deals signed within the past 12 months.
|
Company |
Value |
Contact |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
|
|
|
|
|
2
|
|
|
|
|
|
3 |
|
|
|
|
|
4 |
|
|
|
|
|
5 |
|
|
|
|
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
|
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
|
3 |
|
|
|
|
|
|
|
|
4 |
|
|
|
|
|
|
|
Judgements
|
Judgements |
None |
|
Possible
Judgements |
1 |
|
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 |
|
|
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 |
|
|
|
|
|
|
|
|
|
Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
|
|
|
|
|
|
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 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 |
38 |
Active Principals
Principal
1 of 1: SAMIER CHUNILAL
|
Surname |
CHUNILAL |
|
First Name |
SAMIER |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
8201145075087 |
|
Verified ID Number |
Yes |
|
Current Age |
30 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
Unknown |
|
Physical Address (at time of
Appointment) |
30 Burnwood Road SYDENHAM 4091 |
|
Postal Address |
PO Box 19604 DORMERTON 4015 |
|
Current Tel Number |
0318115653 |
|
Cell number |
0837826852 |
|
Current Fax Number |
|
|
Current Email Address |
|
|
Shareholding |
50.0000 |
Adverse Information for:
SAMIER CHUNILAL
Judgement
|
Number
of /Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for:
SAMIER CHUNILAL
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SALEHA
INVESTMENTS CC |
2003/057388/23 |
In
Business |
8
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 |
|
|
|
|
|
Deeds Information
Property
Interestsfor: SAMIER CHUNILAL
|
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
2 of 2: SHEHNAAZ NABEE
|
Surname |
NABEE |
|
First Name |
SHEHNAAZ |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
6508010023089 |
|
Verified ID Number |
Yes |
|
Current Age |
47 |
|
Designation |
|
|
Status |
Active |
|
Appointment Date |
|
|
Physical Address (at time of
Appointment) |
30 Burnwood Road SYDENHAM 4091 |
|
Postal Address |
PO Box 19604 DORMERTON 4015 |
|
Current Tel Number |
0312095477 |
|
Cell number |
0837826852 |
|
Current Fax Number |
|
|
Current Email Address |
|
|
Shareholding |
50.0000 |
Adverse Information for SHEHNAAZ
NABEE
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for SHEHNAAZ
NABEE
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SALEHA
INVESTMENTS CC |
2003/057388/23 |
In
Business |
8
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 |
|
|
|
|
|
Deeds Information
Property
Interestsfor SHEHNAAZ NABEE
|
Title
Deed No. |
T44831/2009 |
Erf/Site No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical Address |
18
Burnwood Clare Hills Durban |
|
Property
Type |
Freehold/Ervin |
Extent / Size |
1022.0SQM |
|
Purchase
Date |
2009/10/31 |
Purchase price |
500000 |
|
%
Ownership |
0 |
Bond Holder |
|
|
Bond
Number |
|
Bond Amount |
0 |
|
Title
Deed No. |
T17527/2001 |
Erf/Site No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical Address |
22
Burnwood Clare Hills DURBAN |
|
Property
Type |
Freehold/Ervin |
Extent / Size |
1033.0SQM |
|
Purchase
Date |
2000/11/07 |
Purchase price |
150000 |
|
%
Ownership |
0 |
Bond Holder |
STANDARD
BANK OF SOUTH AFRICA |
|
Bond
Number |
B103872001 |
Bond Amount |
100000 |
|
Title
Deed No. |
T14298/2011 |
Erf/Site No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical Address |
114
ROSETTA WINDERMERE BEREA |
|
Property
Type |
Freehold/Ervin |
Extent / Size |
1146.0QSM |
|
Purchase
Date |
2010/04/30 |
Purchase price |
2350000 |
|
%
Ownership |
0 |
Bond Holder |
STANDARD
BANK OF SOUTH AFRICA |
|
Bond
Number |
B117442011 |
Bond Amount |
1050000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.15 |
|
|
1 |
Rs.81.79 |
|
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.