|
Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL SOURCE (PTY) LTD |
|
|
|
|
Registered Office : |
22 Buro Crescent, Mayville 4067 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
10.07.1999 |
|
|
|
|
Com. Reg. No.: |
M1999/022468/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of home ware and clothing |
|
|
|
|
No. of Employees : |
68 |
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 : |
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 – 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 |
|
GLOBAL SOURCE (PTY) LTD |
|
|
Country |
SOUTH AFRICA |
|
Requested Credit Limit |
|
|
Enquiry Terms |
D/A |
|
Account Review |
3 Months |
|
Subject Contact person |
Mr. SAYED |
|
Assessment |
On investigation we made contact with MR SAYED who requested the name of the primary enquirer before he could assist with further information as he believes the subject’s information to be sensitive and confidential. This appears to be a well-established business dating back to 1999. Please advise the name of the enquirer to commence further investigations . Please see the available information on the subject below. |
|
Registered Name |
GLOBAL SOURCE (PTY) LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M1999/022468/07 |
|
Registration Date |
1999-07-10 |
|
Date Commenced Trading |
1999-07-10 |
|
Age of Business |
12 Years 9 Months |
|
History of Business |
Unavailable |
|
History of Principals |
Unavailable |
|
Shareholders/Members/Partners of subject
and % holding |
Unavailable |
|
Authorised Share Capital |
Unavailable |
|
Issued Share Capital/Members Contribution |
Unavailable |
|
Status |
This Business is Active |
|
Operations Assessment |
Manufacture of home ware and clothing. |
|
Industry/ Customers |
Retailers |
|
Export |
ZIMBABWE |
|
Major Industry Code / SICC |
31 |
|
Definition of Code |
MANUFACTURE OF TEXTILES, CLOTHING AND LEATHER GOODS |
|
Head Office Physical Address |
22 Buro Crescent MAYVILLE 4067 |
|
Head Office Postal Address |
PO Box 70378 DURBAN 4001 |
|
Current Tel Number |
031 2074400 |
|
Cell number |
Unavailable |
|
Current Fax Number |
031 2074424 |
|
Current Email Address |
Unavailable |
|
Web Site Address |
Unavailable |
|
Company Registered Name |
NEXIAL LEVITT KIRSON |
|
Trading Name |
Unavailable |
|
Registration Number |
Partnership |
|
Physical Address |
HEAD OFFICE 4th Floor Aloe Grove Houghton Estate Office Park 2 Osborn Road HOUGHTON |
|
Postal Address |
P O Box 1523 JOHANNESBURG 2000 |
|
Contact Person |
Sydney Loewenthal |
|
Contact Number |
011 483 4000 |
|
Email |
|
|
Principals |
7 |
|
Subject Verified as Client |
Yes |
|
SAICA number |
903825E |
|
VAT Number |
|
|
Tax Number |
|
|
BEE Status |
|
|
Financial Year End |
|
|
Years With Auditors |
|
|
Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
Unavailable |
|
|
|
Vat Number |
4530187949 |
|
Status |
Active |
|
Vat Liable Date |
2000-05-01 |
|
Tax Number |
9219324200 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
February |
|
Status |
Made an application |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Type of ISO Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited Agent |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
68 |
|
1. Salaried
employees |
68 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
5 |
Owned |
|
|
|
The Fleet is made up of |
|
|||
|
1. Cars |
3 |
|
|
|
|
2. Trucks |
2 |
|
|
|
|
Offices |
|
Head Office Owned/ Rented |
Rented |
|
Rental Company |
MARC WILLIAM MARRAY |
|
Lease Agreement |
Deemed Confidential |
|
Lease Expire Date |
Unavailable |
|
Type of Premises |
Offices / Warehouses |
|
Branches Names |
Country |
Province |
|
None |
|
|
Branches Owned/ Rented |
None |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
Organisation chart
|
Level |
Position |
Name |
|
Unavailable |
|
|
Company Structure (Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
Unavailable |
|
|
Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
|
Unavailable |
|
|
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
Unavailable |
|
|
|
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Unavailable |
|
|
|
|
|
|
Judgements
|
Judgements |
None on record |
|
Possible
Judgements |
None on record |
|
Civil Court |
None on record |
|
RDs |
None on record |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None on record |
|
|
|
Default Listings
|
Date |
Details |
|
None on record |
|
Notarial Bonds
|
Date |
Details |
|
None on record |
|
|
Bank |
Unavailable |
|
Branch |
|
|
Bank Account Number |
|
|
Type of Account |
|
|
Account Name |
|
|
Overdraft Facilities |
|
|
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 |
|
|
|
|
|
Property Interests for Company
|
Title Deed No. |
Unavailable |
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 |
Unavailable |
|
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 |
50 |
Active Principals
Principal 1 of 2: CASSIM JADWAT
|
Surname |
JADWAT |
|
First Name |
CASSIM |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
4910285070088 |
|
Verified ID Number |
Yes |
|
Current Age |
63 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Unavailable |
|
Physical Address (at time of Appointment) |
4 Southfield Drive WESTVILLE 3630 |
|
Postal Address |
PO Box 4969 DURBAN 4001 |
|
Current Tel Number |
031 2043311 |
|
Cell number |
082 5543778 |
|
Current Fax Number |
031 2074424 |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: CASSIM JADWAT
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: CASSIM JADWAT
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ISLAND DUNES PROPERTY INVESTMENT (PTY) LTD |
1995/004259/07 |
In Business |
16 Years 11 Months |
0 |
No |
|
NEWEQUITY LTD |
1997/022119/06 |
Deregistration Process |
14 Years 4 Months |
0 |
No |
|
EXCEL EQUITY INVETMENTS LTD |
1997/022121/06 |
Deregistration Process |
14 Years 4 Months |
0 |
No |
|
PARKLANE PROPERTTIES (PTY) LTD |
1999/008562/07 |
In Business |
13 Months |
0 |
No |
|
EQUAL INVESTMENTS (PTY) LTD |
1999/011726/07 |
In Business |
12 Years 10 Months |
0 |
No |
|
PASCOLE INVESTMENTS (PTY) LTD |
1999/015477/07 |
In Business |
12 Years 9 Months |
0 |
No |
|
ALCAZ INVESTMENTS (PTY) LTD |
1999/021668/07 |
In Business |
12 Years 7 Months |
0 |
No |
|
DJI FINANCIAL SERVICES CC |
1999/045704/23 |
In Business |
12 Years 8 Months |
0 |
No |
|
RANMOR INVESTMENTS (PTY) LTD |
2000/029825/07 |
In Business |
11 Years 5 Months |
0 |
No |
|
NUSSER INVESTMENTS (PTY) LTD |
2002/027145/07 |
In Business |
9 Years 6 Months |
0 |
No |
|
VEROLLI INVESTMENTS (PTY) LTD |
2002/027145/07 |
Conversion CO/CC
or CC/CO |
25 Years 7 Months |
0 |
No |
|
DJ SONDIYAZI-C AND B (PTY) LTD |
2002/028940/07 |
In Business |
9 Years 5 Months |
0 |
No |
|
CHECKLIST CC |
B1986/016189/23 |
In Business |
25 Years 7 Months |
0 |
No |
|
DJI MANGEMENT SERVICE CC |
B1998/004256/23 |
In Business |
14 Years 3 Months |
0 |
No |
|
DJI CUNSULTING SERVICES CC |
B2009/038393/23 |
In Business |
3 Years 2 Months |
0 |
No |
|
DESAI JADWAT INC |
M1995/002083/21 |
In Business |
17 Years 1 Months |
0 |
No |
|
BIRKENHOOD INVETSMENT (PTY) LTD |
M1995/004463/07 |
In Business |
16 Years 11 Months |
0 |
No |
|
A2A KOPANO INC |
M1998/014078/21 |
In Business |
13 Years 9 Months |
0 |
No |
|
GLOBAL SOURCE (PTY) LTD |
M1999/022468/07 |
In Business |
12 Years 9 Months |
0 |
No |
|
DESAI JADWAT SONDIYAZI INC |
M2000/022925/21 |
In Business |
11 Years 7 Months |
0 |
No |
|
EVENSIDE INVESTMENTS (PTY) LTD |
M2000/029984/07 |
In Business |
11 Years 5 Months |
0 |
No |
|
OYSTER QUAYS 702 INVESTMENTS (PTY) LTD |
M2004/021913/07 |
In Business |
7 Years 8 Months |
0 |
No |
|
RUSHBROOK INVESTMENTS (PTY) LTD |
M2004/023032/07 |
In Business |
7 Years 8 Months |
0 |
No |
|
FENNER INVESTMENTS (PTY) LTD |
M2004/023299/07 |
In Business |
7 Years 8 Months |
0 |
No |
|
RASBERRY TRADING (PTY) LTD |
M2005/027031/07 |
In Business |
6 Years 8 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
15 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
AIB (BAKERIES) ONE CC |
1999/000115/23 |
Deregistration Final |
13 Years 3 Months |
0 |
No |
|
CHELSEY INVESTMENTS (PTY) LTD |
1999/015476/07 |
Deregistration Final |
12 Years 9 Months |
0 |
No |
|
RIVAN TRADING (PTY) LTD |
1999/015479/07 |
Deregistration Final |
12 Years 9 Months |
0 |
No |
|
GARRAN TRADING (PTY) LTD |
1999/016558/07 |
Deregistration Final |
12 Years 8 Months |
0 |
No |
|
NEW PLANET SOLUTION (PTY) LTD |
1999/016928/07 |
Deregistration Final |
12 Years 8 Months |
0 |
No |
|
IMAK FOODS (PTY) LTD |
1999/017703/07 |
Deregistration Final |
12 Years 7 Months |
0 |
No |
|
BRENELL TRADING (PTY) LTD |
1999/020782/07 |
Conversion CO/CC
or CC/CO |
12 Years 7 Months |
0 |
No |
|
SONACE TRDAING (PTY) LTD |
1999/021629/07 |
In Business |
12 Years 7 Months |
0 |
No |
|
CHASE EXPRESS (SA) (PTY) LTD |
1999/021678/07 |
Deregistration Final |
12 Years 7 Months |
0 |
No |
|
MICRO IT DIRECT (PTY) LTD |
2000/003335/07 |
Deregistration Final |
12 Years 2 Months |
0 |
No |
|
JERTONY (PTY) LTD |
2000/004172/07 |
In Business |
11 Years 9 Months |
0 |
No |
|
IVERNESS INVESTMENTS (PTY) LTD |
2000/016472/07 |
Deregistration Process |
11 Years 7 Months |
0 |
No |
|
DESAI JADWAT SONDIYAZI (EC) INC |
2000/023297/21 |
Deregistration Final |
11 Years 6 Months |
0 |
No |
|
ARREN TRADING (PTY) LTD |
2000/025041/07 |
Deregistration Final |
11 Years 5 Months |
0 |
No |
|
RIVERFERN INVESTMENTS (PTY) LTD |
2000/029827/07 |
Deregistration Final |
11 Years 3 Months |
0 |
No |
|
AAA BAKERIES (PTY) LTD |
2001/001560/07 |
Deregistration Final |
11 Years 2 Months |
0 |
No |
|
GROVETOWN INVESTMENTS (PTY) LTD |
2001/003488/07 |
In Business |
11 Years 2 Months |
0 |
No |
|
KYLIE INVESTMENTS (PTY) LTD |
2001/020052/07 |
In Business |
10 Years 8
Months |
0 |
No |
|
TRADEFIN FINANCE (PTY) LTD |
2003/005482/07 |
Deregistration
Final |
9 Years 1 Month |
0 |
No |
|
MAGDELAN CONSULTING SERVICES (PTY) LTD |
2003/008648/07 |
Deregistration
Final |
9 Years |
0 |
No |
|
IRONSTONE INVESTMENTS (PTY) LTD |
2004/028905/07 |
Deregistration
Final |
7 Years 6 Months |
0 |
No |
|
KINGDOM NETWORKS (PTY) LTD |
2005/014746/07 |
Deregistration
Final |
6 Years 11
Months |
0 |
No |
|
E BOARDS (PTY) LTD |
M1999/023068/07 |
Deregistration
Final |
12 Years 6
Months |
0 |
No |
|
ZENSHO TELECOMS (PTY) LTD |
M2005/008346/07 |
In Liquidation |
7 Years 1 Month |
0 |
Yes |
|
SUNNINGDALE TRADING (PTY) LTD |
M2010/009126/07 |
In Business |
1 Year 11 Months |
0 |
No |
Deeds Information
Property
Interests for: CASSIM JADWAT
|
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: MAHOMED JADWAT
|
Surname |
JADWAT |
|
First Name |
MAHOMED |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7407165006057 |
|
Verified ID Number |
Yes |
|
Current Age |
38 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Unavailable |
|
Physical Address (at time of Appointment) |
24 Buro Crescent MAYVILLE 4000 |
|
Postal Address |
031 2074400 |
|
Current Tel Number |
031 2671268 |
|
Cell number |
082 7860725 |
|
Current Fax Number |
031 2074424 |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: MAHOMED JADWAT
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: MAHOMED JADWAT
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
VEROLLI INVESTMENTS (PTY) LTD |
2002/027145/07 |
Conversion CO/CC
or CC/CO |
25 Years 7 Months |
0 |
No |
|
DJ SONDIYAZI-C AND B (PTY) LTD |
2002/028940/07 |
In Business |
9 Years 5 Months |
0 |
No |
|
CHECKLIST CC |
B1986/016189/23 |
In Business |
25 Years 7 Months |
0 |
No |
|
DJI MANGEMENT SERVICE CC |
B1998/004256/23 |
In Business |
14 Years 3 Months |
0 |
No |
|
DJI CUNSULTING SERVICES CC |
B2009/038393/23 |
In Business |
3 Years 2 Months |
0 |
No |
|
DESAI JADWAT INC |
M1995/002083/21 |
In Business |
17 Years 1 Months |
0 |
No |
|
BIRKENHOOD INVETSMENT (PTY) LTD |
M1995/004463/07 |
In Business |
16 Years 11 Months |
0 |
No |
|
A2A KOPANO INC |
M1998/014078/21 |
In Business |
13 Years 9 Months |
0 |
No |
|
GLOBAL SOURCE (PTY) LTD |
M1999/022468/07 |
In Business |
12 Years 9 Months |
0 |
No |
|
DESAI JADWAT SONDIYAZI INC |
M2000/022925/21 |
In Business |
11 Years 7 Months |
0 |
No |
|
EVENSIDE INVESTMENTS (PTY) LTD |
M2000/029984/07 |
In Business |
11 Years 5 Months |
0 |
No |
|
OYSTER QUAYS 702 INVESTMENTS (PTY) LTD |
M2004/021913/07 |
In Business |
7 Years 8 Months |
0 |
No |
|
RUSHBROOK INVESTMENTS (PTY) LTD |
M2004/023032/07 |
In Business |
7 Years 8 Months |
0 |
No |
|
FENNER INVESTMENTS (PTY) LTD |
M2004/023299/07 |
In Business |
7 Years 8 Months |
0 |
No |
|
RASBERRY TRADING (PTY) LTD |
M2005/027031/07 |
In Business |
6 Years 8 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
7 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ATMOSPHERIC POLLUTION ENGINEERING (DURBAN) CC |
1995/037155/23 |
Deregistration Final |
16 years 7 Months |
0 |
No |
|
CALUMET TRADING (PTY) LTD |
2006/003792/07 |
Deregistration Final |
6 years 2 Months |
0 |
No |
|
ACACIA WAY TRADING 85 CC |
B2006/108031/23 |
In Business |
5 Years 10 Months |
0 |
No |
|
SUNNINGDALE |
M2010/009126/07 |
In Business |
1 Years 11 Months |
0 |
No |
Deeds Information
Property Interests for: MAHOMED JADWAT
|
Title Deed No. |
Unavailable |
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.52.49 |
|
UK Pound |
1 |
Rs.84.66 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.