|
Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SANITATION INNOVATION AND RESEARCH (PTY)LTD |
|
|
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|
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|
Registered Office : |
104
Monument Road, Nimrod Park, Kempton Park, 1619 |
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Country : |
South Africa |
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Date of Incorporation : |
07.11.2008 |
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Com. Reg. No.: |
M2008/026113/07 |
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Legal Form : |
Private Company |
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|
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|
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Line of Business : |
Collection,
Purification and Distribution of Water |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH AFRICA - ECONOMIC OVERVIEW
south Africa is a middle-income,
emerging market with an abundant supply of natural resources; well-developed
financial, legal, communications, energy, and transport sectors; a stock
exchange that is the 18th largest in the world; and modern infrastructure
supporting a relatively efficient distribution of goods to major urban centers
throughout the region. Growth was robust from 2004 to 2007 as South Africa
reaped the benefits of macroeconomic stability and a global commodities boom
but began to slow in the second half of 2007 due to an electricity crisis and
the subsequent global financial crisis' impact on commodity prices and demand.
GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high
and outdated infrastructure has constrained growth. State power supplier Eskom
encountered problems with aging plants and meeting electricity demand
necessitating "load-shedding" cuts in 2007 and 2008 to residents and
businesses in the major cities. Daunting economic problems remain from the
apartheid era - especially poverty, lack of economic empowerment among the
disadvantaged groups, and a shortage of public transportation. South Africa's
economic policy is fiscally conservative focusing on controlling inflation and
attaining a budget surplus. The current government largely follows these
prudent policies but must contend with the impact of the global crisis and is
facing growing pressure from special interest groups to use state-owned
enterprises to deliver basic services to low-income areas and to increase job
growth.
Source : CIA
|
Subject Name |
SANITATION INNOVATION AND
RESEARCH (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
MR. PRAGASEN RAMIAH -
FINANCIAL MANAGER |
|
Assessment |
On investigation we
were unable to make contact with the subject as the contact number listed for
the business is no longer in operation. We have obtained further contact
information which proved to be unsuccessful. An attempt was made to contact
the director; MR. PRAGASEN RAMIAH,
however his cellphone number is unavailable. Please see the available
information for the subject below. |
|
Registered Name |
SANITATION INNOVATION AND RESEARCH (PTY)LTD |
|
Trading as/ Division Name |
SANITATION INNOVATION AND RESEARCH |
|
Previous Name |
|
|
Date of Name Change |
|
|
Registration Number |
M2008/026113/07 |
|
Registration Date |
2008/11/07 |
|
Date Commenced Trading |
2008-11-07 |
|
Age of Business |
4 Years 1 Months |
|
History of Business |
The subject was
established as a new business in 2008. |
|
History of Principals |
There are currently 3
active directors within the company. |
|
Shareholders/Members/Partners of subject and % holding |
The shareholding values were not made available. |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
|
Status |
In Business |
|
Operations Assessment |
TO PROVIDE INTERGRATED SERVICES RELATING TO WATER
SANITATION AND WATER PURIFICATION. |
|
Industry/ Customers |
Corporate Companies and the Public. |
|
Export |
None |
|
Export Countries |
|
|
Import |
None |
|
Import Countries |
|
|
Major Industry Code / SICC |
4200 |
|
Definition of Code |
COLLECTION,
PURIFICATION AND DISTRIBUTION OF WATER |
|
Head Office Physical Address |
104
MONUMENT ROAD, NIMROD PARK, KEMPTON PARK, 1619 |
|
Head Office Postal Address |
PO BOX 11771, ASTON MANOR, 1630 |
|
Current Tel Number |
0137378280 |
|
Cell Number |
0828009802 |
|
Current Fax Number |
0333553550 |
|
Current Email Address |
|
|
Web Site Address |
|
|
Comments |
|
|
Company Registered Name |
MARAIS AND ALCOCK |
|
Trading Name |
|
|
Registration Number |
|
|
Physical Address |
|
|
Postal Address |
P O BOX 217, BOKSBURG, 1460 |
|
Judgements Against Principals |
|
|
Subject Verified as Client |
No |
|
Practice Number |
925519A |
|
No of years in Business |
2 |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous
auditors |
Comment |
|
FIN 5 INCORPORATED |
|
Unknown |
|
|
HAYDEN DU PREEZ
INCORPORATED |
|
3 |
|
|
Vat Number |
4400253573 |
|
Status |
SUSPENDED |
|
Vat Liable Date |
2009/07/01 |
|
Tax Number |
9339774169 |
|
Financial Year End |
February |
|
Comment |
|
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 OChrgaarnt
i-saNtoio In fCohrmarattion 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
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 |
3 |
|
Average Age of Active Principals |
50 |
|
Active
Principals Principal - 1of 3 PRAGASEN RAMIAH |
|
|
Surname |
RAMIAH |
|
First Name |
PRAGASEN |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6710305178087 |
|
Verified ID Number |
Yes |
|
Current Age |
45 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2009/03/19 |
|
Physical Address (at time of Appointment) |
85 THE RIDGE, CLIFTON, 8050 |
|
Postal Address |
85 THE RIDGE, CLIFTON, 8050 |
|
Current Tel Number |
0214371447 |
|
Cell number |
0828009802 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information forP RAGASEN RAMIAH
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
VINIFIED WINE CC |
B2009/034054/23 |
In Business |
3
Years 3 Months |
1 |
No |
|
|
WORLD FOCUS 2212 CC |
B2009/059622/23 |
Deregistration Process |
3
Years 3 Months |
0 |
No |
|
|
GOLDEN
REWARDS 1883 CC |
B2009/069302/23 |
Deregistration Process |
3 Years
3 Months |
0 |
No |
|
|
AFRICAN COMPASS TRADING 242 CC |
B2009/140484/23 |
In Business |
3
Years 3 Months |
0 |
No |
|
|
INFOMASTER CAPITAL (PTY)LTD |
K2011/149326/07 |
In Business |
1
Years 1 Months |
0 |
No |
|
|
CAPE VINO EXPORTS
(PTY)LTD |
M2009/001631/07 |
In Business |
3
Years 3 Months |
0 |
No |
|
|
CARBON
CAPTURE (PTY)LTD |
M2011/002529/07 |
In Business |
1
Years 1 Months |
0 |
No |
|
Principal Previous
Business Interests
Average Age of Previous Business 16 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
NIBI NOMINEES (PTY)LTD |
M1971/010214/07 |
Deregistration
Final |
41 Years 5 Months |
0 |
No |
|
|
FTNIB MANAGEMENT COMPANY LTD |
M1987/000804/06 |
Dissolved |
25 Years 1 Months |
0 |
No |
|
|
NEDINVEST LTD |
M1990/003034/06 |
In Business |
22 Years 10 Months |
0 |
No |
|
|
XCHANGE SOLUTIONS LTD |
M1995/011552/06 |
Voluntary Liquidation |
17 Years 5 Months |
0 |
Yes |
|
|
NEDGROUP COLLECTIVE INVESTMENTS LTD |
M1997/001569/06 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
THAMARAY INVESTMENTS (COASTAL) LTD |
M1997/001919/06 |
Deregistration
Final |
15 Years 3 Months |
0 |
No |
|
|
AFRICAN HARVEST MANAGEMENT COMPANY LTD |
M1998/011342/06 |
Dissolved |
14 Years 2 Months |
0 |
No |
|
|
SONOTHA
INVESTMENT MANAGERS (PTY)LTD |
M2001/007065/07 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
|
SONOTHA
INVESTMENT MANAGERS NOMINEES (PTY)LTD |
M2001/016497/07 |
Deregistration
Final |
11 Years 11 Months |
0 |
No |
|
|
SANITATION INNOVATION AND RESEARCH (PTY)LTD |
M2008/026113/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
CAPE VINO HOLDINGS (PTY)LTD |
M2008/028048/07 |
Deregistration
Final |
4 Years 4 Months |
0 |
No |
|
Principal's Deeds Information
- No information on record
Principal - 2of 3
MARTIN ETHERINGTON
|
Surname |
ETHERINGTON |
|
First Name |
MARTIN |
|
Other Names |
None |
|
Marital Status |
Divorced |
|
ID Number |
4709285073088 |
|
Verified ID Number |
Yes |
|
Current Age |
65 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2009/03/19 |
|
Physical Address (at time of Appointment) |
129 MATUMI ESTATES, NELSPRUIT, 1200 |
|
Postal Address |
P O BOX 3148, WHITE RIVER, 1240 |
|
Current Tel Number |
0137378280 |
|
Cell number |
0826810743 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information forM ARTIN ETHERINGTON
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MARTINS TRANSPORT |
4709285073088 |
|
Unknown |
0 |
No |
|
|
MICROBIAL BIOLOGICAL FERTILISERS INTERNATIONAL CC |
B2004/102938/23 |
In
Business |
8 Years 8 Months |
0 |
No |
|
|
NATROL CC |
B2010/077556/23 |
In
Business |
2 Years 2 Months |
0 |
No |
|
|
TLC AVIATION CC |
B2010/123704/23 |
In
Business |
2 Years 2 Months |
0 |
No |
|
|
MICROBIAL BIOLOGICAL FERTILIZERS INTERNATIONAL CENTRAL REGION CC |
B2010/157900/23 |
In
Business |
2 Years 2 Months |
0 |
No |
|
|
MICROBIAL BIOLOGICAL FERTILIZERS INTERNATIONAL NORTHERN REGION CC |
B2010/157901/23 |
In
Business |
2 Years 2 Months |
0 |
No |
|
|
MICROBIAL BIOLOGICAL FERTILIZERS INTERNATIONAL SOUTHERN REGION CC |
B2010/157902/23 |
In
Business |
2 Years 2 Months |
0 |
No |
|
Principal Previous
Business Interests
Average Age of Previous Business 12 Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
DRIVE FORCE TRANSPORT CC |
B1997/037281/23 |
Deregistration
Final |
15
Years 3 Months |
0 |
No |
|
|
BEAUMONT MACADAMIAS ESTATES (PTY)LTD |
M1995/008069/07 |
Deregistration
Final |
17
Years 5 Months |
0 |
No |
|
|
SANITATION
INNOVATION AND RESEARCH (PTY)LTD |
M2008/026113/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 3of 3
SHANNON JOYNT
|
Surname |
JOYNT |
|
First Name |
SHANNON |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7210085119087 |
|
Verified ID Number |
Yes |
|
Current Age |
40 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2009/03/19 |
|
Physical Address (at time of |
165 UITZIGHT, FARM BRENTON ON SEA, KNYSNA, 6570 |
|
Appointment) |
|
|
Postal Address |
P O BOX 1066, KNYSNA, 6570 |
|
Current Tel Number |
0137378280 |
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information for SHANNON JOYNT
Principal Current
Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LIEGE DEVELOPMENTS
AND PROJECTS (PTY)LTD |
M2000/023356/07 |
In
Business |
0 |
1 |
No |
|
Principal Previous
Business Interests
Average Age of Previous Business 7 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MARKET DEMAND TRADING 8
(PTY)LTD |
M2002/025254/07 |
Deregistration Final |
10 Years 10 Months |
1 |
No |
|
|
SANITATION
INNOVATION AND RESEARCH (PTY)LTD |
M2008/026113/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.08 |
|
|
1 |
Rs.89.53 |
|
Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.