|
Report Date : |
13.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
AWAIZ FABRICS CC |
|
|
|
|
Registered Office : |
Atterbury
Valuemartatterbury Road fairy
Glen |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
05.04.1991 |
|
|
|
|
Com. Reg. No.: |
B1991/008761/23 |
|
|
|
|
Legal Form : |
Closed Corporation |
|
|
|
|
Line of Business : |
Manufacturer of fabrics |
|
|
|
|
No. of Employees : |
Not
Available |
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 |
|
Subject
Name |
AWAIZ
FABRICS CC |
|
Country |
South
Africa |
|
Subject
Contact Person |
MOHAMMED
ISMAIL |
|
Assessment |
This
is an established business. On investigation we made contact with the subject
and we were referred to the Director MOHAMMED ISMAIL who has declined to
assist with all information regarding the subject. Mr ISMAIL stated that he
would not assist with any information due to him not having any credit
dealings with his suppliers. |
|
Registered
Name |
AWAIZ
FABRICS CC |
|
Trading
as/ Division Name |
AWAIZ
FABRICS |
|
Registration
Number |
B1991/008761/23 |
|
Registration
Date |
1991/04/05 |
|
Date
Commenced Trading |
1991-04-05 |
|
Age
of Business |
21
Years 3 Months |
|
History
of Business |
The
subject started out as a new business in 1991. |
|
History
of Principals |
There
are currently 2 active directors within the subject. |
|
Shareholders/Members/Partners
of subject and % holding |
60%-FARIEDA
NOORMOHAMED 40%-MOHAMMED ISMAIL |
|
Authorised
Share Capital |
R
0.00 |
|
Issued
Share Capital/Members Contribution |
R
0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Manufacture
of fabrics |
|
Industry/
Customers |
Clothing
manufactures |
|
Major
Industry Code / SICC |
31219 |
|
Head
Office Physical Address |
Atterbury
Valuemartatterbury Roadfairy Glen |
|
Head
Office Postal Address |
P
O Box 35027MENOPARK0102 |
|
Current
Tel Number |
0129914849 |
|
Current
Fax Number |
0866715711 |
|
Current
Email Address |
|
Company
Registered Name |
H
GORDAN AND PARTNERS INCORPORATED |
|
Registration
Number |
2000/020632/21 |
|
Physical
Address |
94 REGENCY
DRIVECORNERSOVEREIGN AND REGENCY DRIVESROUTE 21 CORPORATE PARKIRENE |
|
Postal
Address |
P
O BOX 2473PRETORIA0001 |
|
Contact
Number |
0123455545 |
|
Principals |
3 |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
914487E |
|
VAT
Number |
4460190673 |
|
Tax
Number |
9913018140 |
|
Financial
Year End |
February |
|
No
of years in Business |
12
Years |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
GORDEN AND PARTNERS |
|
21 |
|
|
Vat
Number |
4100105271 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9050423640 |
|
Financial
Year End |
February |
Black
Economic Empowerment Information - No Information on Record
ISO
Information - No Information on Record
Work Mans Information - No Information on Record
Subsidiaries
Information - No Information on Record
Employees
Information - No Information on Record
Company Fleet Information - No Information on Record
Offices
Information - No Information on Record
Branch
Information - No Information on Record
Organisational
Chart - No Information on Record
Company
Structure Information - No Information on Record
Note: One level up and all levels down
Key Deals
- No Information on Record
Trade
References Information - No Information on Record
Judgements
- No information on record
Business
Rescue - No Information on Record
Default
Listing - No information on record
Notarial
Bonds - No information on record
Principals
|
Number
of Principals |
2 |
|
Average
Age of Active Principals |
56 |
Active
Principals
Principal - 1 of 2 MOHAMMED ISMAIL
|
Surname |
ISMAIL |
|
First
Name |
MOHAMMED |
|
Other
Names |
None |
|
Marital
Status |
Single |
|
ID
Number |
6710135129086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
45 |
|
Designation |
Member |
|
Status |
Active |
|
Physical
Address (at time of Appointment) |
271
5TH AVENUE, LAUDIUM, 0037 |
|
Postal
Address |
271
5TH AVENUE, LAUDIUM, 0037 |
|
Current
Tel Number |
0118789300 |
|
Cell
number |
0721267863 |
|
Shareholding/Membership |
40 |
Principals adverse – no information on record
Business
Information for MOHAMMED ISMAIL 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 2
FARIEDA
NOORMOHAMED
|
Surname |
NOORMOHAMED |
|
First
Name |
FARIEDA |
|
Other
Names |
None |
|
Marital
Status |
Single |
|
ID
Number |
4410100097085 |
|
Verified
ID Number |
Yes |
|
Current
Age |
68 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
|
|
Physical
Address (at time of Appointment) |
271
FIFTH AVENUE, LAUDIUM, PRETORIA, 0037 |
|
Postal
Address |
271
FIFTH AVENUE, LAUDIUM, PRETORIA, 0037 |
|
Current
Tel Number |
0129914849 |
|
Cell
number |
0827657818 |
|
Shareholding/Membership |
60
% |
Principals adverse – no information on record
Business
Information for MOHAMMED ISMAIL
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.55.34 |
|
UK Pound |
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.43 |
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.