|
Report Date : |
17.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
NIRAKAR SUN CONTROL&DÉCOR CC |
|
|
|
|
Registered Office : |
1 Jean Road Blairgowrie Randburg 2194 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
13.08.1997 |
|
|
|
|
Com. Reg. No.: |
B1997/043857/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
Import And Distribution of Window film |
|
|
|
|
No. of Employees : |
6 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
Payment Behaviour : |
No Complaints |
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
NIRAKAR
SUN CONTROL & DÉCOR CC |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
N/A |
|
Enquiry Terms |
D/A |
|
Account Review |
|
|
Subject Contact person |
MR
PANKAJ SINGH - FINANCIAL MANAGER (011 789 9120) |
|
Assessment |
On
investigation we made contact with MR PANKAJ SINGH who assisted with
information regarding the subject. This
appears to be a relatively small company only consisting of 6 employees with
an annual turnover of
approximatelyR2 600 000. The
subject is meeting payments within terms. Please
see the available information on the subject below. |
|
Registered Name |
NIRAKAR SUN CONTROL&DÉCOR CC |
|
Trading as/ Division Name |
NIRAKAR SUN CONTROL&DÉCOR |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
B1997/043857/23 |
|
Registration Date |
1997/08/13 |
|
Date Commenced Trading |
1997/08/13 |
|
Age of Business |
15 Years |
|
History of Business |
Stared out in 1997 trading as anew business |
|
History of Principals |
2 |
|
Shareholders and % holding |
50 % DALJIT SINGH 50 % MANDEEP KAUR |
|
Authorised Share Capital |
R100 |
|
Issued Share Capital |
R100 |
|
Status |
In Business |
|
Operations Assessment |
Import And Distribution of Window film in South Africa. Trading & Export of scrap metals |
|
Industry/ Customers |
Vehicle dealerships |
|
Export |
Yes |
|
Major Industry Code / SICC |
3541 |
|
Definition of Code |
Manufacture
of structural metal products |
|
Head Office Physical Address |
1 Jean Road Blairgowrie Randburg 2194 |
|
Head Office Postal Address |
PO Box 562 Randburg 2125 |
|
Current Tel Number |
011 789 9120 |
|
Cell number |
083 527 2875 |
|
Current Fax Number |
011 789 9120 |
|
Current Email Address |
Dsingh1@telkom.net |
|
Web Site Address |
None |
|
Company Registered Name |
ATC BROKERAGE CC |
|
Trading Name |
ATC BROKERAGE |
|
Registration Number |
2007/154373/23 |
|
Physical Address |
Unit 6 Fancourt Office Park Block 6 Felstead Avenue NORTHRIDNG 2162 |
|
Postal Address |
Postnet Suite 380 Private Bag x 8 NORTHRIDING 2162 |
|
Contact Person |
COBUS |
|
Contact Number |
011 462 9323 |
|
Email |
Cobus@atcbrokerage.co.za |
|
Principals |
1 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
SAICA number |
9147 |
|
VAT Number |
4730257799 |
|
Tax Number |
9413202160 |
|
BEE Status |
None |
|
Financial Year End |
February |
|
Years With Auditors |
9 |
|
Website |
None |
|
Company Name |
Phone Number |
Time with previous auditors |
|
BOAKE AND SMITH
RANDBURG INCORPARATED |
Unavailable |
15 |
|
Vat Number |
4900177413 |
|
Status |
Active |
|
Vat Liable Date |
1998/10/01 |
|
Tax Number |
9309320845 |
|
Tax Clearance Expire Date |
Unknown |
|
Financial Year End |
February |
|
Status |
None |
|
Type of ISO Grade |
None |
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
|
Number of Employees |
6 |
|
1. Salaried
employees |
6 |
|
2. Permanent
employees |
6 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
|
|||
|
1. Cars |
1 |
Leased |
R 400 000 |
R 170 000 |
|
Offices |
|
Head Office Owned/ Rented |
Owned |
|
Owned by |
NIRAKAR SUN CONTROL&DÉCOR CC |
|
Value |
R 2 800 000 |
|
Bond |
None – Paid up |
|
Bank |
Unavailable |
|
Type of Premises |
A house with office rights. |
Branches Names |
Country |
Province |
|
None |
|
|
Branches Owned/ Rented |
None |
|
Level |
Position |
Name |
|
1 |
Director |
DALJIT SINGH |
|
2 |
Director |
MANDEEP KAUR |
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
Unavailable |
|
|
|
Company |
Value |
Contact |
|
None |
|
|
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
Safety glass Shield |
011 6723410 |
|
|
|
2 |
Safety sun Control |
0828964172 |
|
|
|
3 |
Solar Screen |
0832872895 |
|
|
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
5 Years |
150000 |
120000 |
30 Days |
100000-150000 |
30 days |
Very good |
|
2 |
12 Years |
150000 |
150000 |
30 Days |
|
30 days |
Good |
|
3 |
Do |
Not |
Give |
Trade |
References |
|
|
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 |
Standard Bank |
|
Branch |
Randburg,018005 |
|
Bank Account Number |
021647631 |
|
Type of Account |
Current Account |
|
Account Name |
Nirakar Sun Control and Décor CC |
|
Overdraft Facilities |
None |
|
Date Opened |
Unavailable |
|
Bank Code |
Awaiting 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 |
|
|
|
|
|
Property Interestsfor Company
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
Financial
Estimates
|
CURRENT ASSETS |
R 2 300000 |
|
Stock |
Unavailable |
|
Debtors |
R 360000 |
|
FIXED ASSETS |
R 68000 |
|
Plant, Equipment, Vehicles |
Unavailable |
|
Property |
Unavailable |
|
CURRENT LIABILITIES |
Unavailable |
|
Creditors |
R 205000 |
|
Loans/ From? |
R 750000 |
|
LONG TERM LIABILITIES |
Unavailable |
|
Morgage Bonds |
None |
|
Previous Year Turnover |
R 2 600000 |
|
Estimated Current Year Turnover |
Unavailable |
|
Current Turnover per month |
R 325 000 |
|
Current Turnover per annum |
R 3900000 |
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 |
|
Number of Principals |
2 |
|
Average Age of Active Principals |
40 |
Active Principals
Principal 1 of 1: MANDEEP KAUR
|
Surname |
KAUR |
|
First Name |
MANDEEP |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
7201180978188 |
|
Verified ID Number |
Yes |
|
Current Age |
40 |
|
Designation |
Unavailable |
|
Status |
Active |
|
Appointment Date |
2006/01/06 |
|
Physical Address (at time of Appointment) |
8 Mikri 352 Surrey Avenue Randburg 2195 |
|
Postal Address |
PO Box 562 Randburg 2125 |
|
Current Tel Number |
011 789 9120 |
|
Cell number |
0731865048 |
|
Current Fax Number |
011 787 3970 |
|
Current Email Address |
Unavailable |
|
Shareholding |
50.0000 |
Adverse
Information for: MANDEEP KAUR
Judgement
|
Number of
/Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: MANDEEP KAUR
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
Nirakar Sun
Control and Décor cc |
B1997/043857/23 |
In Business |
14 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 |
|
|
|
|
|
Property
Interestsfor: MANDEEP KAUR
|
Title Deed No. |
T13088/2011 |
Erf/Site No. |
|
|
Deeds Office |
Pretoria |
Physical Address |
1811 Plantation
Dainfern MIDRAND |
|
Property Type |
Freehold/Ervin |
Extent / Size |
814.0SQM |
|
Purchase Date |
2010/10/16 |
Purchase price |
4 000 000 |
|
% Ownership |
0 |
Bond Holder |
STANDARD BANK OF
SOUTH AFRICA |
|
Bond Number |
B97522011 |
Bond Amount |
3 200 000 |
|
Title Deed No. |
T165721/2005 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
1 Jean Bordeaux
Randburg |
|
Property Type |
Freehold/Ervin |
Extent / Size |
809.0SQM |
|
Purchase Date |
2005/10/12 |
Purchase price |
600 000 |
|
% Ownership |
0 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B1895862005 |
Bond Amount |
400 000 |
|
Title Deed No. |
T64375/2007 |
Erf/Site No. |
1994.0SQM |
|
Deeds Office |
Pretoria |
Physical Address |
5 ANGUS
BRYANSTON SANTON |
|
Property Type |
Freehold/Ervin |
Extent / Size |
1994.0SQM |
|
Purchase Date |
2007/03/03 |
Purchase price |
2 600 000 |
|
% Ownership |
0 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B797652007 |
Bond Amount |
2 200 000 |
Principal
2 of 2: DALJIT SINGH
|
Surname |
SINGH |
|
First Name |
DALJIT |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
7110026018184 |
|
Verified ID Number |
No |
|
Current Age |
41 |
|
Designation |
Unavailable |
|
Status |
Active |
|
Appointment Date |
1997/08/13 |
|
Physical Address (at time of Appointment) |
344 Kent Avenue RANDBURG GAUTENG 2194 |
|
Postal Address |
POSTNET SUITE 380 PRIVATE BAG X 8 NORTHRIDING 2162 |
|
Current Tel Number |
0117899120 |
|
Cell number |
0835272875 |
|
Current Fax Number |
0117873970 |
|
Current Email Address |
|
|
Shareholding |
50.0000 |
Adverse Information for: DALJIT SINGH
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: DALJIT SINGH
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
GHAZAL-NORTH
INDIAN RESTAURANT CC |
2002/028444/23 |
In Business |
10 Years |
0 |
No |
|
TIKKA N KEBAB CC |
2008/019380/23 |
In Business |
4 Years 3 Months |
0 |
No |
|
NIRAKAR SUN
CONTROL AND DECOR CC |
B1997/043857/23 |
In Business |
14 Years 8 Months |
0 |
No |
|
PUNJABI DHABA CC |
B2008/142580/23 |
In Business |
3 Years 9 Months |
0 |
No |
|
DELHI METALS CC |
B2011/048840/23 |
In Business |
1 Years |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Property
Interestsfor: DALJIT SINGH
|
Title Deed No. |
T13088/2011 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
1811 Plantation
Dainfern Midrand |
|
Property Type |
Freehold/Ervin |
Extent / Size |
814.0SQM |
|
Purchase Date |
2010/10/16 |
Purchase price |
4000 000 |
|
% Ownership |
0 |
Bond Holder |
STANDARD BANK OF
SOUH AFRICA |
|
Bond Number |
B97522011 |
Bond Amount |
3 200 000 |
|
Title Deed No. |
T165721/2005 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
1 JEAN BORDEAUX
RANDBURG |
|
Property Type |
Freehold/Ervin |
Extent / Size |
809.0SQM |
|
Purchase Date |
2005/10/12 |
Purchase price |
600 000 |
|
% Ownership |
0 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B1895862005 |
Bond Amount |
400 000 |
|
Title Deed No. |
T64375/2007 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
5 ANGUS
BRYANSTON SANDTON |
|
Property Type |
Freehold/Ervin |
Extent / Size |
1994.0SQM |
|
Purchase Date |
2007/03/03 |
Purchase price |
2 600 000 |
|
% Ownership |
0 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B797652007 |
Bond Amount |
2 200 000 |
|
Title Deed No. |
T27117/2004 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
1690 TAUNTON
DAINFERN MIDRAND |
|
Property Type |
Freehold/Ervin |
Extent / Size |
|
|
Purchase Date |
2004/01/27 |
Purchase price |
665 000 |
|
% Ownership |
0 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.66 |
|
|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.67.18 |
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.