|
Report Date : |
18.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
AKILA TRADING (PTY) LTD |
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|
|
|
Registered Office : |
857 Voortrekker
Road, Maitland,7405, Cape Town, Western Cape |
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|
|
|
Country : |
South Africa |
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|
|
|
Date of Incorporation : |
30.09.1999 |
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|
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Com. Reg. No.: |
1999/022012/07 |
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|
|
|
Legal Form : |
Private Company |
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|
|
|
Line of Business : |
Wholesale trade in agricultural raw materials and livestock |
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|
|
|
No. of Employees : |
05 employees |
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 |
Akila
Trading (Pty) Ltd |
|
Country |
South
Africa |
|
Subject
Contact Person |
ROCCO-FINANCIAL
AAANAGER |
|
Assessment |
This is
a well-established business. On investigation contact was made with the
financial manager. Trade reference
details seem to be incorrectly given by the subject. Caution is suggested. A bank
code was not obtained as the account number was not made available. According
to the spokesperson, there is one director and not two as reflected by CIPC. The spokesperson
could not confirm the correct birth date of the director |
|
Registered
Name |
AKILA
TRADING (PTY)LTD |
|
Registration
Number |
1999/022012/07 |
|
Registration
Date |
1999/09/30 |
|
Date
Commenced Trading |
30
September 1999 |
|
Age
of Business |
12
Years 11 Months |
|
History
of Business |
AKILA
TRADING (PTY) LTD originally started in India in 1997 was registered in
September 1999 and operations commenced immediately. The business has
operations in South Africa, India, Vietnam and Brazil |
|
History
of Principals |
The
owner has been with the concern since inception |
|
Shareholders/Members/Partners
of subject and % holding |
DESHBIR
SINGH BHANDARI 100% |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The company is
involved in importing and repacking all types of rice, sugar, groundnuts and
seeds, beans, coconut, pulses, spices and pasta into Southern Africa. |
|
Industry/
Customers |
Dry
agricultural commodity traders, major customers would be supermarkets and
food wholesalers |
|
Export |
Import |
|
Major
Industry Code / SICC |
61210 |
|
Definition
of Code |
Wholesale
trade in agricultural raw materials and livestock |
|
Head
Office Physical Address |
857 Voortrekker
Road, Maitland,7405, Cape Town, Western Cape |
|
Head
Office Postal Address |
P
O BOX 306, GATESVILLE, 7766 |
|
Current
Tel Number |
021
5917030 |
|
Current
Fax Number |
021
5917703 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
The previous
address of the company was UNIT 2, OLYMPIC PARK, VOORTRKKER ROAD, GOODWOOD,
7460 and has since moved to the current physical address |
|
Company Registered Name |
DCA ACCOUNTING SERVICES CC |
|
Trading Name |
DCA CHARTERED ACCCOUNTANTS (SA) |
|
Registration Number |
2004/115908/23 |
|
Physical Address |
42 BROAD ROAD MEDICAL CENTRE,
WYNBERG, 7800 |
|
Postal Address |
PO Box 46980, Glosderry, Cape
Town, 7702 |
|
Contact Number |
021 761 2964 |
|
Email |
|
|
Judgements Against Subject |
No information found on file |
|
Judgements Against Principals |
No information found on file |
|
Subject Verified as Client |
Yes |
|
Practice Number |
901369 |
|
VAT Number |
4810224180 |
|
Tax Number |
9918658148 |
|
BEE Status |
Unknown |
|
Financial Year End |
February |
|
No of years in Business |
5 |
Previous
Auditors
|
Company Name |
Phone Number |
Time with
previous auditors |
Comment |
|
PKF(NEWLANDS)INC |
|
6 |
|
|
M D ACCOUNTANTS
AND AUDITORS INCORPORATED |
|
13 |
|
|
Vat
Number |
4070190741 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2000/10/01 |
|
Tax
Number |
9384051034 |
|
Financial
Year End |
February |
|
Black
Economic Empowerment |
|
|
Status |
No |
|
BEE
Certificate Available |
No |
|
Comment |
The
business is not BEE compliant |
|
ISO Status |
|
|
Comment |
Unknown |
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Subsidiaries Information - No Information on Record
|
Employees |
||||
|
Number
of Employees |
5 |
|||
|
1.
Salaried employees |
5 |
|||
|
Company Fleet |
||||
|
Company
Fleet |
No
of vehicles: |
Owned/Leased |
Value |
Outstanding
Balance |
|
The
Fleet is made up of |
7 |
|||
|
Comment |
The respondent could not give the
estimated value of the trucks |
|||
|
Trucks |
7 |
Owned |
|
|
Offices
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Leased |
|
Lease
Agreement |
Annual |
|
Type
of Premises |
warehouse
and store |
|
Branches Names |
Country |
Province |
|
Akila Trading (Pty) Ltd |
South Africa |
KWA-ZULU NATAL |
|
Flava Foods CC |
South Africa |
GAUTENG |
|
AKILA TRADING EXPORTADORA e
IMPORTADORA LTDA |
|
|
|
Branch Detail
Information |
||
|
Type
of Premises |
RETAIL
STORE |
|
|
Comment |
Further details
for the branch:245A Voortrekker Street, Jacobs,Durban Email sales-durban@akilagroup.com Telephone Number
031 461 5604 Fax Number 031
461 4375 |
|
|
Type
of Premises |
Retail
Store |
|
|
Comment |
Further Details
for the branch Contact Number 011 4932397flavafoods@mweb.co.zaunit A4 selby industrial park,cnr john &
prop street |
|
|
Comment |
The
company is based in Porto Alegre, in the South of Brazil |
Organisation
Chart
|
Level |
Position |
Name |
Comment |
Company Structure Information - No Information on
Record
Note: One level up and all levels
down
Key Deals - No Information on Record
Trade References
|
Trade Reference
nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
A Q HOLDINGS (PTY) LTD |
031
3045798 |
|
|
Contact number constantly rings to
an answering machine, no alternate number is available |
|
2 |
ANCIENT
PARTS |
082
3144191 |
R0.00 |
0 |
|
Trade References
Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
|
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
The contact number belongs to a
private individual who has no business dealings with the subject |
Adverse Information on Subject
Judgements
- No information on record
Business
Rescue - No Information on Record
Default
Listing - No information on record
Notarial
Bonds - No information on record
|
Bank |
STANDARD
BANK |
|
Branch |
MAITLAND |
|
Type
of Account |
CHEQUE
ACCOUNT |
|
Account
Name |
AKILA
TRADING (PTY)LTD |
|
Overdraft
Facilities |
Yes,
the subject enjoys an overdraft facility secured by personal guarantee |
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 |
2 |
|
Average
Age of Active Principals |
42 |
|
Active
Principals Principal - 1of 1 DESHBIR SINGH BHANDARI |
|
|
Surname |
BHANDARI |
|
First
Name |
DESHBIR
SINGH |
|
ID
Number |
7008090000000 |
|
Verified
ID Number |
No |
|
Current
Age |
42 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2006/10/12 |
|
Physical
Address (at time of Appointment) |
7
DUCKITT AVENUE, CONSTANTIA, 7800 |
|
Postal
Address |
P
0 BOX 306, GATESVILLE, 7766 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business
Information for DESHBIR SINGH BHANDARI Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AKILA TRADING
(PTY) LTD |
1999/022012/07 |
In Business |
12 Years 11 Months |
0 |
No |
|
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.55.70 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
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.