MIRA INFORM REPORT
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Report Date : |
24.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
KALI YUGA INVESTMENTS (PTY) LTD |
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Registered Office : |
Unit 20-21 Savannah Park, 2a Sneezewood Lane, Glen Anil 4015 |
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Country : |
South Africa |
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Date of Incorporation : |
18.09.1990 |
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Com. Reg. No.: |
1990/005585/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Supply printing inks |
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No. of Employees
: |
27 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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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Maximum Credit Limit : |
US$1 500 000 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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South Africa |
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 |
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Subject Name |
KALI YUGA INVESTMENTS (PTY) LTD T/A VAN SON INKS AND GRAPHICS |
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Country |
SOUTH AFRICA |
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Requested Credit Limit |
US$1 500 000 |
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Enquiry Terms |
30 DAYS |
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Account Review |
6 MONTHS |
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Subject Contact person |
KIRSMA RAMDASS-031 5692919 |
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Assessment |
This is well-established company. The subject is meeting commitments timeously with their local supplier. A bank code revealed that the subject would be considered as equal to R500 000 over 30 days. The lack of financial information and full payment references should be borne in mind. Your figure is considered as too high. |
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Registered Name |
KALI YUGA INVESTMENTS (PTY) LTD |
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Trading as/ Division Name |
VAN SON INKS GRAPHICS |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
1990/005585/07 |
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Registration Date |
1990-09-18 |
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Date Commenced Trading |
1990-09-18 |
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Age of Business |
21 Years 5 Months |
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History of Business |
Unavailable |
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History of Principals |
2 |
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Shareholders/Members/Partners of subject
and % holding |
50% NIRVASHNEE RAIDOO 50% LUSHANDERAN MOODELY |
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Authorised Share Capital |
100 |
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Issued Share Capital/Members Contribution |
100 |
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Status |
This Business is Active |
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Operations Assessment |
Supply printing inks |
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Industry/ Customers |
08-Financial intermediation, insurance,
real estate and business srevices |
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Export |
TAZANIA, MALAWI |
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Major Industry Code / SICC |
33520 |
|
Definition of Code |
Manufacture of paints,
varnishes and similar coatings, printing ink and mastic. |
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Head Office Physical Address |
Unit 20-21 Savannah Park 2A Sneezewood lane GLEN ANIL 4015 |
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Head Office Postal Address |
PO Box 19083 DORMERTON 4015 |
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Current Tel Number |
031 5692919 |
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Cell number |
082 4913056 |
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Current Fax Number |
031 5694576 |
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Current Email Address |
nirvashe@vanson.co.za |
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Web Site Address |
None |
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Company Registered Name |
G AND G CHARTERED ACCOUNTS INC |
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Trading Name |
None |
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Registration Number |
2001/015103/21 |
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Physical Address |
23 Saint Marys Avenue Durban 4000 |
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Postal Address |
PO Box 47107 GREYVILLE 4023 |
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Contact Person |
SUMESH |
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Contact Number |
031 3091617 |
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Email |
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Principals |
None |
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Judgements Against Subject |
None |
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Judgements Against Principals |
None |
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Subject Verified as Client |
Yes |
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SAICA number |
05026462 |
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VAT Number |
4530196502 |
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Tax Number |
Unavailable |
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BEE Status |
Yes |
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Financial Year End |
December |
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Years With Auditors |
11 Years |
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Website |
None |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
K M T T BREY |
|
22 Years |
|
IS PILLAY AND
COMPANY |
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22 Years |
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Vat Number |
402010416 |
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Status |
Active |
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Vat Liable Date |
1991-09-30 |
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Tax Number |
9149186208 |
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Tax Clearance Expire Date |
7 June 2012 |
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Financial Year End |
June |
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Status |
Yes |
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Score |
1 |
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Expire Date |
23 October 2012 |
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BEE Certificate Available |
Yes/No |
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Type of ISO Grade |
Unavailable |
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ISO Certificate |
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ISO Certificate Available |
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Certified by an Accredited Agent |
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Registered |
Yes |
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Compliance Certified |
10995501550 |
Subsidiaries
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Subsidiary Company |
Unavailable |
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Shareholding |
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Registration Number |
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Import / Export |
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Subsidiary Company |
Unavailable |
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Shareholding |
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Registration Number |
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Import / Export |
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Number of
Employees |
27 |
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1. Salaried
employees |
27 |
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2. Waged
employees |
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1. Permanent
employees |
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2. Casual
employees |
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3. Contracted
employees |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
4 |
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The Fleet is made up of |
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1. Cars |
2 |
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2. Light
Delivery Vehicles |
2 |
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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 |
Yes |
Head Office Owned/ Rented |
Owned |
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Rental Company |
None |
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Owned by |
KALI YUGA INVESTMENTS (PTY) LTD |
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Value |
Unavailable |
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Bond |
Unavailable |
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Bank |
Unavailable |
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Lease Agreement |
None |
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Lease Expire Date |
None |
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Type of Premises |
Offices |
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Branches Names |
Country |
Province |
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CAPE TOWN |
SOUTH AFRICA |
EASTERN CAPE |
Branches Owned/ Rented |
Rented |
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Rental Company |
JHI PROPERTIES |
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Owned |
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Value |
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Bank |
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Bond |
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Lease Agreement |
Annual |
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Lease Expire Date |
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Type of Premises |
Offices |
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Branches Names |
Country |
Province |
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JOHANNESBURG |
SOUTH AFRICA |
GAUTENG |
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Branches Owned/ Rented |
Rented |
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Rental Company |
EXPIRE PROPERTIES |
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Owned |
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Value |
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Bank |
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Bond |
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Lease Agreement |
Annual |
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Lease Expire Date |
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Type of Premises |
Offices |
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Organisation chart
|
Level |
Position |
Name |
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1 |
DIRECTOR |
LUSHANDERAN MOODLEY |
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1 |
DIRECTOR |
NIRVASHNEE RAIDOO |
Company Structure
(Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
50% NIRVASHNEE RAIDOO 50%LUSHANDERAN MOODELY |
KALI YUGA
INVESTMENTS (PTY) LTD |
None |
Key deals
signed within the past 12 months.
|
Company |
Value |
Contact |
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None |
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Trade Reference nr |
Supplier |
Contact |
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1 |
GEODUS WISLON
(PTY) LTD |
031 5798800 |
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
2011 |
Confidential |
Confidential |
30 Days |
Confidential |
30 Days |
Fairly New
Account |
Judgements
|
Judgements |
None |
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Possible
Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
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Default Listings
|
Date |
Details |
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None |
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Notarial Bonds
|
Date |
Details |
|
None |
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Bank |
STANDARD BANK |
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Branch |
GRYEVILLE |
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Bank Account Number |
052712702 |
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Type of Account |
CURRENT |
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Account Name |
KALI YUGA INVESTMENT (PTY0 LTD |
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Overdraft Facilities |
Yes |
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Bank Code |
C for R500 000 |
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Bank Comment |
The subjects bankers consider them as equal to their normal business
engagements. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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None |
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Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Property Interestsfor Company
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Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Financial
Estimates
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CURRENT ASSETS |
Unavailable |
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Stock |
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Debtors |
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FIXED ASSETS |
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Plant, Equipment, Vehicles |
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Property |
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CURRENT LIABILITIES |
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Creditors |
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Loans/ From? |
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LONG TERM LIABILITIES |
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Morgage Bonds |
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Previous Year Turnover |
R18 000 000 |
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Estimated Current Year Turnover |
R15 000 000 |
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Current Turnover per month |
R1 200 000 |
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Current Turnover per annum |
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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 |
2 |
|
Average Age of Active Principals |
34 |
Active Principals
Principal 1 of 2: NIRVASHNEE RAIDOO
|
Surname |
RAIDOO |
|
First Name |
NIRVASHNEE |
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Other Names |
None |
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Marital Status |
Unavailable |
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ID Number |
6710060049085 |
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Verified ID Number |
No |
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Current Age |
45 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
1998-03-31 |
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Physical Address (at time of Appointment) |
11 Alistair Mews 4 Alistar Road WESTVILLE NORTH 3630 |
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Postal Address |
PO Box 19083 DORMERTON 4015 |
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Current Tel Number |
031 569 2919 |
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Cell number |
082 491 3056 |
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Current Fax Number |
Unavailable |
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Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse Information for: NIRVASHNEE
RAIDOO
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: NIRVASHNEE
RAIDOO
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BIZ AFRIKA 228 (PTY) LTD |
M1999/007656/07 |
In Business |
12 Years 10 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
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|
|
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Deeds Information
Property
Interestsfor: NIRVASHNEE RAIDOO
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
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Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
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|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
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Principal 2 of 2: LUSHANDERAN
MOODLEY
|
Surname |
MOODLEY |
|
First Name |
LUSHANDERAN |
|
Other Names |
None |
|
Marital Status |
None |
|
ID Number |
6902225047084 |
|
Verified ID Number |
Yes |
|
Current Age |
43 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1990-09-28 |
|
Physical Address (at time of Appointment) |
4 Chislehurst Road WESTVILLE 3630 |
|
Postal Address |
4 Chislehurst Road WESTVILLE 3630 |
|
Current Tel Number |
031 5692919 |
|
Cell number |
082 4495365 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: LUSHANDERAN MOODLEY
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: LUSHANDERAN MOODLEY
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
GRAPHITECH TRADING CC |
B2011/099322/23 |
In Business |
7 Months |
0 |
No |
|
BIZ AFRIKA 228 (PTY) LTD |
M1999/007656/07 |
In Business |
12 Years 10 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor :LUSHANDERAN
MOODLEY
|
Title Deed No. |
T29306/2000 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
4 CHISLEHURST
DAWNCLIFFE WESTVILLE |
|
Property Type |
Freehold / Ervin |
Extent / Size |
2117.0SQM |
|
Purchase Date |
2000-02-10 |
Purchase price |
R 415 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
STANDARD BANK SA |
|
Bond Number |
B177162000 |
Bond Amount |
R 415 000.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.25 |
|
UK Pound |
1 |
Rs.77.19 |
|
Euro |
1 |
Rs.65.29 |
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.