|
Report Date : |
18.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL HOMEWARE SUPPLIES (PTY) LTD |
|
|
|
|
Registered Office : |
1st Floor, Liberty Life Building, 21 Aurora
Drive, Umhlanga, Durban |
|
|
|
|
Country : |
South Africa |
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|
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Date of Incorporation : |
26.07.2010 |
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|
Legal Form : |
Private Limited |
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|
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Line of Business : |
Wholesale and commission trade, except of motor vehicles
and motor cycles |
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|
|
|
No. of Employees : |
2 |
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 : |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
GLOBAL
HOMEWARE SUPPLIES (PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
Maximum |
|
Subject Contact person |
VIKRAM |
Assessment On investigation we have made contact with Vikram who assisted with basic information.
After numerous attempts we were unable to obtain the details of the auditors.
We have found that the stock value of the subject is rather high when compared to the annual turnover.
We cannot recommend credit dealings.
Please however see basic details below.
We are awaiting a bank code.
|
Registered Name |
GLOBAL HOMEWARE SUPPLIES (PTY) LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M2010/015473/07 |
|
Registration Date |
2010/07/26 |
|
Date Commenced Trading |
2011/03/01 |
|
Age of Business |
1 Year 7 Months |
|
History of Business |
Unavailable |
|
History of Principals |
Unavailable |
|
Shareholders and % holding |
Mr. ATUL GANDHI |
|
Authorised Share Capital |
1000.0000 |
|
Issued Share Capital |
121 |
|
Status |
In Business |
|
Operations Assessment |
Retail, Hospitality,
Consultation to Retail Businesses, Far East agency service provider |
|
Industry/ Customers |
61 – Wholesale and commission
trade, except of motor vehicles and motor cycles |
|
Export |
Unavailable |
|
Major Industry Code / SICC |
6233 |
|
Definition of Code |
Retail trade in household
furniture, appliances, articles and equipment |
|
Head Office Physical Address |
1st Floor Liberty Life Building 21 Aurora Drive Umhlanga Durban |
|
Head Office Postal Address |
PO
Box 15742 VLAEBERG 8018 |
|
Current Tel Number |
031 5357025 |
|
Cell number |
071 2416443 |
|
Current Fax Number |
086 2756779 |
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Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
A M F ASSOCIATES |
|
Trading Name |
Unavailable |
|
Registration Number |
Unavailable |
|
Physical Address |
34 Durbanville Avenue Cape Town 7550 |
|
Postal Address |
PO Box 1083 DURBANVILLE 7435 |
|
Contact Person |
Frans Oeschger |
|
Contact Number |
021 9791475 |
|
Email |
|
|
Principals |
Unavailable |
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
Unavailable |
|
SAICA number |
Unavailable |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
Years With Auditors |
1 |
|
Website |
Unavailable |
|
Company Name |
Phone Number |
Time with previous auditors |
|
Unavailable |
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|
|
Vat Number |
Unavailable |
|
Status |
Unavailable |
|
Vat Liable Date |
Unavailable |
|
Tax Number |
9491790169 |
|
Tax Clearance Expire Date |
February |
|
Financial Year End |
February |
|
Status |
Unavailable |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Type of ISO Grade |
Unavailable |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited
Agent |
|
|
Registered |
Unavailable |
|
Compliance Certified |
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Subsidiaries
|
Subsidiary Company |
Unavailable |
|
Shareholding |
|
|
Registration Number |
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Import / Export |
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|
Subsidiary Company |
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|
Shareholding |
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|
Registration Number |
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|
Import / Export |
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Number
of Employees |
5 |
|
1. Salaried employees |
Unavailable |
|
2. Waged employees |
Unavailable |
|
3. Permanent employees |
2 |
|
4. Casual employees |
Unavailable |
|
5. Contracted employees |
3 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
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|||
|
1. Cars |
1 |
Owned |
R 70
000 |
R
0,00 |
|
2. Light Delivery Vehicles |
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3. Trailers |
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4. Busses |
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5. Trucks |
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6. Fork Lifts |
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7. Other |
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Offices |
|
Head Office Owned/ Rented |
Rented |
|
Rental Company |
REGUS MANAGEMENT COMPANY (PTY) LTD |
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Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
Yes |
|
Lease Expire Date |
February 2013 |
|
Type of Premises |
Fully operational office facility in a office block |
|
Branches Names |
Country |
Province |
|
Unit
03 |
South
Africa |
Kwazulu-Natal |
Branches Owned/ Rented |
Rented |
|
Rental Company |
Lot 145 GLEN ANIL CC |
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
Lease |
|
Lease Expire Date |
|
|
Type of Premises |
Warehousing |
|
Level |
Position |
Name |
|
1 |
Director |
ATUL GANDHI |
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|
Note: One level up and all levels down
|
Holding |
Company |
Sub |
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Company |
Value |
Contact |
|
Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
CONTINENTAL
CONTAINER TRANSPORT CC |
Mr.
NIRESH MANILAL 083
7771108 |
|
|
|
2
|
EVERGREEN
SHIPPING CC |
Mr. ANESH HARIMOHAN 082 8990853 |
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|
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
3 Years |
R
30 000 |
R 16
000 |
30
Days |
R16
000 |
30
Day |
Very
good Payers – Pay once the invoice has been received |
|
2 |
Cannot |
Confirm |
Trade |
References |
|
|
|
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil
Court |
None |
|
RDs |
None |
Judgements
|
Case
Number |
No information on record |
|
Amount |
|
|
Reason |
|
|
Court
Name |
|
|
Judgement
Type |
|
|
Judgement
Date |
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|
Plaintiff
(Multiple) |
|
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
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|
|
Default Listings
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
|
Bank |
STANDARD BANK |
|
Branch |
FISH HOEK |
|
Bank Account Number |
271915420 |
|
Type of Account |
CHEQUE |
|
Account Name |
GLOBAL HOMEWARE SUPPLIES (PTY) LTD |
|
Overdraft Facilities |
Unavailable |
|
Date Opened |
Unavailable |
|
Bank Code |
Awaiting Bank Code |
|
Bank Comment |
|
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
Unavailable |
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|
|
|
|
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Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
Unavailable |
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|
|
|
|
Property Interestsfor Company
|
Title
Deed No. |
None |
Erf/Site No. |
|
|
Deeds
Office |
|
Physical Address |
|
|
Property
Type |
|
Extent / Size |
|
|
Purchase
Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond
Number |
|
Bond Amount |
|
Financial
Information
Financial Estimates
|
CURRENT ASSETS |
|
|
Stock |
R 1 000 000 |
|
Debtors |
R 90 000 |
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
R 110 000 |
|
Property |
Unavailable |
|
CURRENT LIABILITIES |
|
|
Creditors |
Unavailable |
|
Loans/ From? |
Unavailable |
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
Unavailable |
|
Previous Year Turnover |
Unavailable |
|
Estimated Current Year Turnover |
R 1 200 000 |
|
Current Turnover per month |
R 70 000 |
|
Current Turnover per annum |
Unavailable |
Please note the following:
|
Turnover and assets less than R
1,000,000.00 |
The subject falls within the National Credit Act |
|
Turnover and assets less than R
2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
|
Number of Principals |
1 |
|
Average Age of Active Principals |
50 |
The
principal resides in India
Active Principals
Principal
1 of 1: ATUL GANDHI
|
Surname |
GANDHI |
|
First Name |
ATUL |
|
Other Names |
Unavailable |
|
Marital Status |
Married |
|
ID Number |
G2195538 |
|
Verified ID Number |
No |
|
Current Age |
50 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2010-07-26 |
|
Physical Address (at time of
Appointment) |
H-48 Ramaganga Vihari-i PS-Civil Lines PO-Main Kanth Road Moradabad INDIA 0000 |
|
Postal Address |
H-48 Ramaganga Vihari-i PS-Civil Lines PO-Main Kanth Road Moradabad INDIA 0000 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse Information for: ATUL
GANDHI
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for: ATUL
GANDHI
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
GLOBAL HOMEWARE SUPPLIES (PTY) LTD |
M2010/015473/07 |
In
Business |
1
Year 7 Months |
0 |
No |
Previous
Business Interests
|
Average
Age of Previous Business Interests |
Unavailable |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
Unavailable |
|
|
|
|
|
Deeds Information
Property Interests for
|
Title
Deed No. |
None |
Erf/Site No. |
|
|
Deeds
Office |
|
Physical Address |
|
|
Property
Type |
|
Extent / Size |
|
|
Purchase
Date |
|
Purchase price |
|
|
%
Ownership |
|
Bond Holder |
|
|
Bond
Number |
|
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.21 |
|
|
1 |
Rs.77.75 |
|
Euro |
1 |
Rs.64.58 |
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.