|
Report Date : |
07.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
WHEEL CASH AND CARRY CC |
|
|
|
|
Registered Office : |
3
Beatrice Street, Durban, 4001 |
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|
|
|
Country : |
South Africa |
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|
|
|
Date of Incorporation : |
15.11.1989 |
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|
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Com. Reg. No.: |
1989/037085/23 |
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|
|
|
Legal Form : |
Closed Corporation |
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|
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Line of Business : |
Not Available |
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|
|
|
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 |
|
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 |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject
Name |
WHEEL
CASH & CARRY CC |
|
Country |
South
Africa |
|
Assessment |
On
investigation, we were unable to make contact with the business. The contact
numbers provided 031 3093577/031 3045798 do not connect and the cellular number
082 4691873 rings to voicemail. We were unable to leave any messages as the
mailbox is full. There are no alternate contact numbers listed for the
business or the listed bookkeeper. If available, kindly provide us with
alternate contact numbers for the concern. Please see the available
information for the subject below. |
|
Registered
Name |
WHEEL
CASH AND CARRY CC |
|
Trading
as/ Division Name |
JUMOOS
SUPERMARKET |
|
Previous
Name |
None |
|
Registration
Number |
1989/037085/23 |
|
Registration
Date |
1989/11/15 |
|
Date
Commenced Trading |
1989-11-15 |
|
Age
of Business |
22
Years 9 Months |
|
History
of Business |
WHEEL
CASH AND CARRY CC trading as JUMOOS SUPERMARKET was registered in November
1989 |
|
History
of Principals |
Unknown |
|
Shareholders/Members/Partners
of subject and % holding |
10
% - JERUSHA VALJEE45 % - DIPTESH VALJEE45 % -MAMOONA VALJEE |
|
Authorised
Share Capital |
R
0.00 |
|
Issued
Share Capital/Members Contribution |
R
0.00 |
|
Status |
In
Business |
|
Major
Industry Code / SICC |
9000 |
|
Head
Office Physical Address |
3
BEATRICE STREET, DURBAN, 4001 |
|
Head
Office Postal Address |
P
O BOX 40417, REDHILL, 4071 |
|
Current
Tel Number |
031
3093577/031 3045798 |
|
Cell
Number |
082
4691873 |
|
Current
Fax Number |
031
3096559 |
|
Web
Site Address |
None |
|
Comments |
The
contact numbers provided and listed on Telephone directories is not in
service |
|
Company
Registered Name |
KIRAN
GARACH CFA |
|
Trading
Name |
|
|
Registration
Number |
|
|
Physical
Address |
|
|
Postal
Address |
GARACH
AND ASSOCIATES, PO BOX 40417, REDHILL, 4071 |
|
Contact
Person |
|
|
Contact
Number |
|
|
Email |
|
|
Principals |
|
|
Judgements
Against Subject |
|
|
Judgements
Against Principals |
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|
Subject
Verified as Client |
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|
Practice
Number |
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|
VAT
Number |
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|
Tax
Number |
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|
BEE
Status |
|
|
Financial
Year End |
|
|
No
of years in Business |
Unknown |
|
Website |
|
|
Comment |
We
are unable to obtain contact details for the auditor |
Previous
Auditors Information - No Information on Record
Tax information
|
Vat
Number |
4450131562 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1992/04/01 |
|
Tax
Number |
9334084200 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
|
|
|
Black
Economic Empowerment Information - No Information on Record |
|
|
ISO
Status |
|
|
Type
of ISO Grade |
|
|
ISO
Certificate |
|
|
ISO
Certificate Available |
|
|
Certified
by an Accredited Agent |
|
|
Comment |
Unknown |
|
Workman's
compensation |
|
|
Registered |
|
|
Compliance
Certified |
|
|
Comment |
Unknown |
Subsidiaries
Information - No Information on Record
|
Employees |
|
|
Number
of Employees |
|
|
1.
Salaried employees |
|
|
2.
Waged employees |
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|
3.
Permanent employees |
|
|
4.
Casual employees |
|
|
5.
Contracted employees |
|
|
Comment |
Unknown |
Company
Fleet
|
Company
Fleet |
No
of vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
|
|||
|
Comment |
Unknown |
|||
Offices
|
Offices |
Offices |
|
|
Head
Office Owned/ Rented |
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|
|
Rental
Company |
|
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|
Owned
by |
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|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type
of Premises |
|
|
|
Comment |
Unknown |
|
|
Branch
Information |
||
|
Branches Names |
Country |
Province |
|
|
|
|
|
Branch
Detail Information |
||
|
Branches
Owned/ Rented |
|
|
|
Rental
Company |
|
|
|
Owned
by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type
of Premises |
|
|
|
Comment |
Unknown |
|
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|
|
Unknown |
Company
Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
|
|
|
Unknown |
Key Deals - No Information on Record
Trade References
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial
Bonds |
Comment |
|
1 |
|
|
|
|
Unknown |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
|
|
|
|
|
|
|
Adverse
Information on Subject
Judgements - No information on record
BusinessRescue - No Information on Record
Default
Listing - No information on record
Notarial Bonds - No information on record
Bank information
|
Bank |
|
|
Branch |
|
|
Brach
Code |
|
|
Bank
Account Number |
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|
Type
of Account |
|
|
Account
Name |
|
|
Overdraft
Facilities |
|
|
Bank
Code |
|
|
Bank
Comment |
|
Bank Code
History - No Information on Record
Previous Bank
Account Information - No Information on Record
Deeds
Information - No information on record
Principals
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
45 |
|
Active
Principals Principal
- 1 of 3 JERUSHA VALJEE |
|
|
Surname |
VALJEE |
|
First
Name |
JERUSHA |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
7608090039085 |
|
Verified
ID Number |
Yes |
|
Current
Age |
36 |
|
Designation |
|
|
Status |
Active |
|
Appointment
Date |
|
|
Physical
Address (at time of Appointment) |
476
PARK STATION ROAD, GREENWOOD PARK, 4051 |
|
Postal
Address |
476
PARK STATION ROAD, GREENWOOD PARK, 4051 |
|
Current
Tel Number |
0312098667 |
|
Cell
number |
0832781064 |
|
Shareholding/Membership |
10.0000 |
Business Information
for JERUSHA VALJEE
Principal's
Current Business Interests - No information on record
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
Principal -
2 of 3 DIPTESH VALJEE
|
Surname |
VALJEE |
|
First
Name |
DIPTESH |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
7308185063088 |
|
Verified
ID Number |
Yes |
|
Current
Age |
39 |
|
Designation |
Invalid
Code |
|
Status |
Active |
|
Appointment
Date |
|
|
Physical
Address (at time of Appointment) |
476
PARK STATION ROAD, GREENWOOD PARK, 4051 |
|
Postal
Address |
476
PARK STATION ROAD, GREENWOOD PARK, 4051 |
|
Current
Tel Number |
0313045798 |
|
Cell
number |
0824691873 |
|
Shareholding/Membership |
45.0000 |
Business
Information for JERUSHA VALJEE
Principal's
Current Business Interests - No information on record
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
Principal
- 3 of 3 MAMOONA VALJEE
|
Surname |
VALJEE |
|
First
Name |
MAMOONA |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
5005150106080 |
|
Verified
ID Number |
Yes |
|
Current
Age |
62 |
|
Designation |
Invalid
Code |
|
Status |
Active |
|
Appointment
Date |
|
|
Physical
Address (at time of Appointment) |
476
PARK STATION ROAD, GREENWOODPARK, 4051 |
|
Postal
Address |
476
PARK STATION ROAD, GREENWOODPARK, 4051 |
|
Current
Tel Number |
0313093577 |
|
Cell
number |
|
|
Shareholding/Membership |
45.0000 |
Business
Information for JERUSHA VALJEE
Principal's
Current Business Interests - No information on record
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.47 |
|
UK Pound |
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.68.66 |
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.