|
Report Date : |
22.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
POWER RUSH TRADING 241 CC |
|
|
|
|
Registered Office : |
Kylami
Business Park, Silverstone Cresent, Unit 1 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
09.11.2004 |
|
|
|
|
Com. Reg. No.: |
2004/116267/23 |
|
|
|
|
Legal Form : |
Closed Corporation |
|
|
|
|
Line of Business : |
Wholesaler in textiles |
|
|
|
|
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 |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject Name |
Power Rush Trading |
|
Country |
South Africa |
|
Subject Contact Person |
PRAVIN UPASANI |
|
Assessment |
This
is an established business. On investigation we have made contact with the
subject and we were referred to the Director Mr PRAVIN UPASANI who requested
that we send him the questionnaire. When
we followed up on the questionnaire Mr UPASANI stated that he will require
more time to complete the questionnaire. We still awaiting further
information. Please
see the available information on the subject below. |
|
Registered Name |
POWER RUSH TRADING 241 CC |
|
Trading as/ Division Name |
POWER RUSH TRADING 241 |
|
Registration Number |
2004/116267/23 |
|
Registration Date |
2004/11/09 |
|
Date Commenced Trading |
2004-11-09 |
|
Age of Business |
7 Years 9 Months |
|
History of Business |
The business commenced as a new business in 2004 |
|
History of Principals |
There
is currently 1 Active Director within the company. |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations Assessment |
Wholesale in textiles. |
|
Industry/ Customers |
Major Clothing companies |
|
Major Industry Code / SICC |
62323 |
|
Definition of Code |
Retail trade, general outfitters, textiles, leather, travel
accessories |
|
Head Office Physical Address |
Kylami Business Park, Silverstone Cresent, Unit 1 |
|
Head Office Postal Address |
P O BOX 182, JUKSKEI PARK, 2194 |
|
Current Tel Number |
0114660807 |
|
Current Fax Number |
0114660309 |
|
Current Email Address |
|
Company Registered Name |
KOBILAN PILL AY |
|
Postal Address |
P 0 BOX 2387, EDENVALE, 1610 |
|
Practice Number |
22380 |
|
No of years in Business |
2 |
Previous auditors
|
Company Name |
Phone Number |
Time with previous
auditors |
Comment |
|
ROY LOMNITZ |
|
3 |
|
|
AAALHERBE LOURENS |
|
Unknown |
|
|
Vat Number |
4140221492 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2005/07/01 |
|
Tax Number |
9446589153 |
|
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
Note: One level up
and all levels down
Company Structure Informatio n - No
Information on Record
Key Deals - No Info rmation on Record
Trade References Information - No Information
on Record
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 - No Information on Record
Bank Code History - No Information on Record
Previous Bank Account Information - No
Information on Record
Deeds Information - No information on record
|
Number of Principals |
1 |
|
Average Age of Active Principals |
44 |
|
Active
Principals Principal - 1of 1 PRAVIN UPASANI |
|
|
Surname |
UPASANI |
|
First Name |
PRAVIN |
|
Marital Status |
Married |
|
ID Number |
6811175417181 |
|
Verified ID Number |
Yes |
|
Current Age |
44 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009/03/31 |
|
Physical Address (at time of Appointment) |
19 SILVER STONE, CRESCENT, KYALAMI, GAUTENG, 2153 |
|
Postal Address |
P 0 BOX 189, JUSKEI PARK, GAUTENG, 2153 |
|
Current Tel Number |
0114660807 |
|
Cell number |
0824967256 |
|
Shareholding/Membership |
100.0000 |
Principal's
Adverse - No information on record
Business
Information for PRAVIN UPASANI
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
POWER
RUSH TRADING 241 CC |
2004/116267/23 |
In
Business |
7
Years 9 Months |
0 |
No |
|
|
PRT ENTERTAINMENT
CC |
2010/093423/23 |
In
Business |
2
Years 2 Months |
0 |
No |
|
|
PRT INTERNATIONAL METALS CC |
B2009/017527/23 |
In
Business |
3
Years 7 Months |
0 |
No |
|
|
ITEX INTERNATIONAL (PTY) LTD |
K2012/108968/07 |
In
Business |
2 Months |
0 |
No |
|
Principal
Previous Business Interests
Average Age of
Previous Business 10
Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
HOTCH (PTY)LTD |
2001/000900/07 |
Deregistration
Final |
11
Years 7 Months |
0 |
No |
|
|
EVEROLL (PTY)LTD |
2002/026249/07 |
Deregistration
Final |
9
Years 10 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.54 |
|
UK Pound |
1 |
Rs.87.39 |
|
Euro |
1 |
Rs.68.72 |
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.