MIRA INFORM REPORT

 

 

Report Date :

07.03.2012

 

IDENTIFICATION DETAILS

 

Name :

KLA RICE CC

 

 

Registered Office :

7 A Corporate Park Umhlanga Rocks Durban 4320

 

 

Country :

South Africa

 

 

Date of Incorporation :

12.10.2004

 

 

Com. Reg. No.:

2004/105037/23

 

 

Legal Form :

Close Corporation

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Under Process of Deregistration

Payment Behaviour :

Unknown

Litigation :

--

 

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

 

confirmation of relation 

 

Subject Name

KLA RICE CCSPECIAL QUESTION

Country

SOUTH AFRICA

Requested Credit Limit

 

Enquiry Terms

 

Account Review

 

Subject Contact person

LARRY STOCK

 

 

 

Assessment

 

 

 

SHIPENE INVESTMENTS NO 18 (PTY) LTD M2006/019939/07)

DIRECTORS:  LARRY STOCK, GERALD STOCK

INFANTS INTERNATIONAL PRODUCTS CC  1996/007975/23

DIRECTORS: EUGENE STOCK

SMART  INTERNATIONAL  SA (PTY) LTD 2004/033872/07

DIRECTOR: LARRY STOCK

MHUTI INVESTMENTS NO 1 CC 1992/024017/23

DIRECTOR: SELWYN STOCK

CHARCHIC CC B1996/007395/23

DIRECTOR: SELWYN STOCK

UMKHOMBE INVESTMENT NO 14 CC 2006/045994/23

DIRECTOR: MIEMIE NELSON

TRADE WINDOWS NO 84 (PTY) LTD 2001/022116/07

DIRECTOR :LARRY STOCK

On investigation we contact MR LARRY STOCK a Director of most of the companies on telephone number 031 5614510.

The companies above are mostly owned by the STOCK family and it was stated by MR LARRY STOCK that KLA RICE is a main supplier to the companies. That is reported to be the only relation between the companies mentioned and KLA RICE. 

 

Company Information

 

Registered Name

KLA RICE CC

Registration Number

2004/105037/23

Registration Date

2004-10-12

Date Commenced Trading

2004-10-12

Age of Business

7 Years 4 Months

History of Business

 

History of Principals

2

Issued Share Capital/Members Contribution

 

Status

This Business is Active

Definition of Code

 

Head Office Physical Address

 

 

7 A Corporate Park

Umhlanga Rocks

DURBAN

4320

Head Office Postal Address

 

 

 

PO Box 1233

SPRINGS

1560

 

 

Auditors Information

 

Company Registered Name

BRUCE MORRISON AND ASSOCIATES

Trading Name

 

Registration Number

 

Physical Address

 

Postal Address

PO Box 1233

SPRINGS

1560

Contact Person

 

Contact Number

011 8122546

 

 

Previous Auditors

 

Company Name

Phone Number

Time with previous auditors

M HLABANIO

 

Unknown

 

 

Tax Information

 

Vat Number

4240237042

Status

Active

Vat Liable Date

2007-03-01

Tax Number

9315090168

Tax Clearance Expire Date

 

Financial Year End

February

 

 

Black Economic Empowerment

 

Status

Unavailable

Score

 

Expire Date

 

BEE Certificate Available

Yes/No

 

 

ISO Status

 

Type of ISO Grade

Unavailable

ISO Certificate

Yes/No

ISO Certificate Available

Yes/No

Certified by an Accredited Agent

Yes/No

 

Workman’s compensation

 

Registered

Unavailable

Compliance Certified

Yes/No

 

 

Management Overview

Organisation chart

 

Company Structure (Ownership)

Note: One level up and all levels down

 

           

Adverse Information on Subject

 

Judgements

Judgements

None

Possible Judgements

None

Civil Court

None

RDs

None

 

Business Rescue

Date registered

Business rescue practitioner

Contact Information

Details

None

 

 

 

 

Default Listings

Date

Details

None

 

 

Notarial Bonds

Date

Details

None

 

 

 

Deeds Information

 

Property Interestsfor Company

Title Deed No.

None

Erf/Site No.

 

 

 

Financial Estimates

 

CURRENT ASSETS

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

2

Average Age of Active Principals

46

 

Active Principals

Principal 1 of 2: ASHOK AGRAWAL

Surname

AGRAWAL

First Name

ASHOK

Other Names

None

Marital Status

Unavailable

ID Number

7106250000000

Verified ID Number

No

Current Age

41

Designation

Director

Status

Active

Appointment Date

Unavailable

Physical Address (at time of Appointment)

33 Azaad Avenue

AZAADVILLE

1750

Postal Address

PO Box 9192

AZAADVILLE

1750

Current Tel Number

Unavailable

Cell number

Unavailable

Current Fax Number

Unavailable

Current Email Address

Unavailable

Shareholding

(if the principal owns shares)

 

Adverse Information for: ASHOK AGRAWAL

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: ASHOK AGRAWAL

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

 

 

 

 

 

 

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: ASHOK AGRAWAL

                                                                                                  

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

 

 

Principal 2 of 2: ARUN AGRAWAL

Surname

AGRAWAL

First Name

ARUN

Other Names

None

Marital Status

Unavailable

ID Number

6512110000000

Verified ID Number

No

Current Age

47

Designation

Director

Status

Active

Appointment Date

Unavailable

Physical Address (at time of Appointment)

33 Azaad Avenue

AZAADVILLE

1750

Postal Address

PO Box 9192

AZAADVILLE

1750

Current Tel Number

Unavailable

Cell number

Unavailable

Current Fax Number

Unavailable

Current Email Address

Unavailable

Shareholding

(if the principal owns shares)

 

Adverse Information for: ARUN AGRAWAL

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: ARUN AGRAWAL

 

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

 

 

 

 

 

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.03

UK Pound

1

Rs.79.32

Euro

1

Rs.66.02

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.