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Report Date : |
24.12.2012 |
IDENTIFICATION DETAILS
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Name : |
AUTOMOTIVE COMPONENTS CENTRE CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09.10.1999 |
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Com. Reg. No.: |
B1999/053681/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Wholesale and retail of motor
spares |
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No. of Employees : |
18 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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
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Source : CIA |
Subject Name |
AUTOMOTIVE COMPONENTS CENTRE CC |
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Country |
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Subject Contact Person |
ALVEN GOVENDER - Director |
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Assessment |
This is an established business.
On investigation we made contact
with the Director MR. ALVEN GOVENDER who assisted with all the information
for the subject. The subject is meeting
commitments timeously with it's
suppliers. We are awaiting a bank code for
R 350 000 over a period of 30 Days. The subject took over operations
of SPICEBRUSH TRADING CC which is in the process of being Deregistered. Please see the available
information on the subject below. |
|
Registered Name |
AUTOMOTIVE COMPONENTS CENTRE CC |
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Trading as/ Division Name |
AUTOMOTIVE COMPONENTS CENTRE |
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Registration Number |
B1999/053681/23 |
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Registration Date |
1999/10/09 |
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Date Commenced Trading |
1999-10-09 |
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Age of Business |
13 Years 2 Months |
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History of Business |
The subject was established as a
new business in 1999. In 2012 the subject took over the operations of
SPICEBRUSH TRADING CC. |
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History of Principals |
There are currently 3 active
directors within the company. |
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Shareholders/Members/Partners of subject and % holding |
20 % - ALVEN GOVENDER, 40 % -
GREGORY GAVIN NAIR, 40 % - LUVENDRAN NAIDOO |
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Authorised Share Capital |
R0.00 |
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Issued Share Capital/Members Contribution |
R0.00 |
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Status |
In Business |
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Operations Assessment |
Wholesale and retail of motor
spares |
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Industry/ Customers |
Automotive Industry |
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Export |
None |
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Import |
Yes |
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Major Industry Code / SICC |
63319 |
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Definition of Code |
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Head Office Physical Address |
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Head Office Postal Address |
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Current Tel Number |
0333427221 |
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Current Fax Number |
0333423534 |
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Current Email Address |
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Company Registered Name |
LESHALEN CC |
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Trading Name |
DEENADAYALAN GOVENDER |
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Physical Address |
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Postal Address |
P |
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Contact Person |
D GOVENDER |
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Contact Number |
0834593424 |
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Subject Verified as Client |
Yes |
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Practice Number |
7620 |
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Tax Number |
9678001216 |
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BEE Status |
Level 3 |
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Financial Year End |
February |
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No of years in Business |
13 |
Previous Auditors Information - No Information on Record
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Vat Number |
4400184505 |
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Status |
ACTIVE |
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Vat Liable Date |
1999/10/01 |
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Tax Number |
9571011213 |
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Financial Year End |
February |
Black Economic
Empowerment
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Comment |
Application in process |
ISO Information - No
Information on Record
Workman's compensation
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Registered |
Yes |
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Compliance Certified |
Yes |
Subsidiaries Information - No Information on Record
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Employees |
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Number of Employees |
18 |
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1. Salaried employees |
18 |
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2. Waged employees |
--- |
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3. Permanent employees |
18 |
Company Fleet
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Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
10 |
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Comment |
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Light delivery Vehicles |
10 |
Leased |
R 600000.00 |
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Offices |
Offices |
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Head Office Owned/ Rented |
Leased |
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Lease Agreement |
3 Years |
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Type of Premises |
Offices and warehouse |
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Branch Information
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Branches Names |
Country |
Province |
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AUTOMOTIVE COMPONENTS |
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CENTRE CC |
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Branch Detail
Information
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Type of Premises |
Offices and warehouse |
Organisation Chart
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Level |
Position |
Name |
Comment |
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1 |
Director |
ALVEN GOVENDER |
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1 |
Director |
GREGORY GAVIN NAIR |
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1 |
Director |
LUVENDRAN NAIDOO |
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Company Structure (Ownership)
Note: One level up and all levels down
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Holding |
Company |
Sub |
Comment |
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20% |
ALVEN GOVENDER |
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40% |
GREGORY GAVIN NAIR |
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40% |
LUVENDRAN NAIDOO |
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Key Deals - No Information on Record
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
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1 |
MK DISTRIBUTORS |
0118643573 |
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2 |
PSH |
0117045196 |
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3 |
AUTO ZONE |
0315704200 |
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4 |
CABIN COM |
0116097385 |
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
5 Years |
R100000.00 |
R150000 |
30 Days |
R 60000 |
30 Days |
Excellent account |
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2 |
4 Years |
R 300000.00 |
R 350000 |
30 Days |
R100000 |
30 Days |
Excellent |
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3 |
2 Years |
R 350000.00 |
R 380000 |
60 Days |
R150000 |
60 Days |
Very Good |
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4 |
2009 |
R15000.00 |
R 22000 |
30 Days |
R 20000 |
30 Days |
Good |
Judgements - No information on record
Business Rescue - No Information on
Default Listing – No information on record
Notarial Bonds -No information on record
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Bank |
NEDBANK |
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Branch |
BUSINESS BANKING KZN |
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Brach Code |
198765 |
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Bank Account Number |
1648106021 |
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Type of Account |
Current |
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Account Name |
AUTOMOTIVE COMPONENTS CENTRE |
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Overdraft Facilities |
YES |
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Bank Code |
Awaiting bank code |
Bank Code History -
No Information on Record
Previous Bank Account
Information - No Information on Record
Deeds Information -
No information on record
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CURRENT ASSETS |
R 7000000.00 |
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Stock |
R 4500000.00 |
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Debtors |
R 2600000.00 |
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FIXED ASSETS |
R1000000.00 |
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Plant, Equipment, Vehicles |
R 650000.00 |
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Previous Year Turnover |
R 20000000.00 |
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Estimated Current Year Turnover |
R 24000000.00 |
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Current Turnover per month |
R 3000000.00 |
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Please note the following: |
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Turnover and assets less than R 1,000,000.00 |
The subject falls within the
National Credit Act |
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Turnover and assets less than R 2,000,000.00 |
The subject falls within the
Consumer Protection Act |
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Number of Principals |
3 |
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Average Age of Active Principals |
38 |
Active Principals
Principal - 1of 3 ALVEN GOVENDER
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Surname |
GOVENDER |
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First Name |
ALVEN |
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Other Names |
None |
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Marital Status |
Married |
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ID Number |
7904255076081 |
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Verified ID Number |
Yes |
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Current Age |
33 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2011/01/01 |
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Physical Address (at time of Appointment) |
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Postal Address |
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Current Tel Number |
0333877723 |
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Cell number |
0832011172 |
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Shareholding/Membership |
20.0000 |
Principal's Adverse - No information on record
Business Information for ALVEN GOVENDER
Principal Current Business Interests
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
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AUTOMOTIVE COMPONENTS CENTRE CC |
B1999/053681/23 |
In Business |
13 Years 1 Months |
0 |
No |
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SPICEBRUSH TRADING CC |
B2009/018469/23 |
In Business |
3 Years 3 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
Principal - 2of 3
GREGORY NAIR
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Surname |
NAIR |
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First Name |
GREGORY |
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Other Names |
None |
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Marital Status |
Married |
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ID Number |
7010135254086 |
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Verified ID Number |
Yes |
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Current Age |
42 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
1999/10/09 |
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Physical Address (at time of Appointment) |
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Postal Address |
P 0 BOX 832, LUXMI, 3207 |
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Current Tel Number |
0333427221 |
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Cell number |
0833093063 |
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Shareholding/Membership |
40.0000 |
Principal's Adverse - No information on record
Business Information for GREGORY NAIR
Principal Current Business Interests
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
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ONE VISION INVESTMENTS 201 (PTY)
LTD |
2005/043843/07 |
In Business |
7 Years 7 Months |
0 |
No |
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AUTOMOTIVE COMPONENT CENTRE |
7010135254086 |
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Unknown |
0 |
No |
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AUTOMOTIVE COMPONENTS CENTRE CC |
B1999/053681/23 |
In Business |
13 Years 1 Months |
0 |
No |
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SPICEBRUSH TRADING CC |
B2009/018469/23 |
In Business |
3 Years 3 Months |
0 |
No |
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Principal Previous Business Interests
Average Age of Previous Business 6 Years
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
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AUTO ELECTRIC PMB CC |
B1994/039764/23 |
Deregistration Final |
18 Years 6 Months |
0 |
No |
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ACC REPAIRS CC |
B2000/064611/23 |
In Business |
|
0 |
No |
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ACC WHOLESALERS CC |
B2003/097145/23 |
Deregistration Final |
9 Years 9 Months |
0 |
No |
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B2006/157458/23 |
Deregistration Final |
6 Years 6 Months |
0 |
No |
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VIKING AGE TRADING CC |
B2008/108516/23 |
Deregistration Final |
4 Years 4 Months |
0 |
No |
|
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BASANITE TRADING CC |
B2010/020644/23 |
In Business |
2 Years 2 Months |
0 |
No |
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Principal's Deeds Information - No information on record
Principal - 3of 3 LUVENDRAN NAIDOO
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Surname |
NAIDOO |
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First Name |
LUVENDRAN |
|
Other Names |
None |
|
Marital Status |
Married |
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ID Number |
7306065242087 |
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Verified ID Number |
Yes |
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Current Age |
40 |
|
Designation |
Invalid Code |
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Status |
Active |
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Appointment Date |
1999/10/09 |
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Physical Address (at time of Appointment) |
|
|
Postal Address |
|
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Current Tel Number |
0333427221 |
|
Cell number |
0834447418 |
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Shareholding/Membership |
40.0000 |
Principal's Adverse - No information on record
Business Information for LUVENDRAN NAIDOO
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AUTOMOTIVE COMPONENTS CENTRE CC |
B1999/053681/23 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
SPICEBRUSH TRADING CC |
B2009/018469/23 |
In Business |
3 Years 3 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 5 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ACC REPAIRS CC |
B2000/064611/23 |
In Business |
|
0 |
No |
|
|
ACC WHOLESALERS CC |
B2003/097145/23 |
Deregistration Final |
9 Years 9 Months |
0 |
No |
|
|
WINDJAMMER TRADING CC |
B2005/048735/23 |
Deregistration Final |
7 Years 7 Months |
0 |
No |
|
|
|
B2006/157458/23 |
Deregistration Final |
6 Years 6 Months |
0 |
No |
|
|
NJABULOMT TRADING AND PROJECT CC |
B2008/075915/23 |
Deregistration Final |
4 Years 4 Months |
0 |
No |
|
|
VIKING AGE TRADING CC |
B2008/108516/23 |
Deregistration Final |
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.55.07 |
|
|
1 |
Rs.89.54 |
|
Euro |
1 |
Rs.72.77 |
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 |
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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 |
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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 |
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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.