|
Report Date : |
19.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
ITHEMBA DIAMONDS (PTY)
LTD |
|
|
|
|
Formerly Known As : |
NEXT CASE 56 (PTY) LTD |
|
|
|
|
Registered Office : |
R1 First Floor, Rubinek
Centre, 225 Main Street, JOHANNESBURG, 2001 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
05.12.2005 |
|
|
|
|
Com. Reg. No.: |
2005/042927/07 |
|
|
|
|
Legal Form : |
Private company |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
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 – 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 |
ITHEMBA
DIAMONDS (PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
MAXIMUM |
|
Enquiry Terms |
D/A |
|
Account Review |
Every
Six Months |
|
Subject Contact person |
MARTIN
PEARSON (0723381494) |
Assessment
On investigation contact was made
with the principle, MARTIN PEARSON, who declined to divulge information telephonically
and requested that a standard questionnaire be emailed. This was duly done.
Contact
was once again made with the principle, at a later stage, who stated that he is
not prepared to divulge any information on the subject, whatsoever.
In view of the lack of information on the subject, we
are not in a position to recommend credit dealings.
Nevertheless,
the following information was obtained and reads as follow:
|
Registered
Name |
ITHEMBA DIAMONDS (PTY) LTD |
|
Trading
as/ Division Name |
Unavailable |
|
Previous
Name |
NEXT
CASE 56 (PTY) LTD |
|
Date
of Name Change |
2008/06/10 |
|
Registration
Number |
2005/042927/07 |
|
Registration
Date |
2005/12/05 |
|
Date
Commenced Trading |
Unavailable |
|
Age
of Business |
6
years 3 months |
|
History
of Business |
Unavailable |
|
History
of Principals |
Unavailable |
|
Shareholders
and % holding |
Unavailable |
|
Authorised
Share Capital |
R4000
divided into 4 000 ordinary R1 shares |
|
Issued
Share Capital |
R100 |
|
Status |
In
business |
|
Operations
Assessment |
Unavailable |
|
Industry/
Customers |
Unavailable |
|
Export |
Unavailable |
|
Major
Industry Code / SICC |
Unavailable |
|
Definition
of Code |
Unavailable |
|
Head
Office Physical Address |
R1
First Floor |
|
|
Rubinek
Centre |
|
|
225
Main Street |
|
|
JOHANNESBURG |
|
|
2001 |
|
Head
Office Postal Address |
Unavailable |
|
Current
Tel Number |
011
4685909 |
|
Cell
number |
072
3381494 |
|
Current
Fax Number |
Unavailable |
|
Current
Email Address |
|
|
Web
Site Address |
Unavailable |
|
Company Registered Name |
J C BARNARD AND PARTNERS JOHANNESBURG
INC |
|
Trading Name |
J B C (JHB) INC |
|
Registration Number |
2000/022847/21 |
|
Physical Address |
Unavailable |
|
Postal Address |
PO Box 215 PARKLANDS 2121 |
|
Contact Person |
Almari Skypes |
|
Contact Number |
011 537 1560 |
|
Email |
|
|
Principals |
6 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
SAICA number |
913952E |
|
VAT Number |
4500190535 |
|
Tax Number |
9950020140 |
|
BEE Status |
Unavailable |
|
Financial Year End |
February |
|
Years With Auditors |
4 years |
|
Website |
|
|
Previous Auditors |
|
|
Company
Name |
Phone
Number Time with
previous auditors |
|
LIGHT AND LIVING STONE INC |
2 years |
Tax Information
|
|
|
Vat Number |
Unavailable |
|
Status |
Unavailable |
|
Vat Liable Date |
Unavailable |
|
Tax Number |
9194435161 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
March |
Black Economic Empowerment
|
|
|
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
Subsidiaries
Subsidiary
Company Unavailable
Shareholding
Registration
Number
Import / Export
Number of Employees Unavailable
·
Salaried
employees
·
Waged employees
·
Casual
employees
·
|
Company Fleet |
No of vehicles: |
Owned/
Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
Unavailable |
|
|
|
|
The
Fleet is made up of |
|
|||
|
1. Cars |
|
|||
|
2. Light Delivery Vehicles |
|
|||
|
3.
Trailers |
|
|||
|
4. Busses |
|
|||
|
5. Trucks |
|
|||
|
6. Fork Lifts |
|
|||
|
7. Other |
|
|||
|
Offices |
Unavailable |
|
Head
Office Owned/ Rented |
|
|
Rental
Company |
|
|
Owned
by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
|
|
Lease
Expire Date |
|
|
Type
of Premises |
|
|
Company Fleet |
No of vehicles: |
Owned/
Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
Unavailable |
|
|
|
|
The
Fleet is made up of |
|
|||
|
1. Cars |
|
|||
|
2. Light Delivery Vehicles |
|
|||
|
3.
Trailers |
|
|||
|
4. Busses |
|
|||
|
5. Trucks |
|
|||
|
6. Fork Lifts |
|
|||
|
7. Other |
|
|||
|
Offices |
Unavailable |
|
Head
Office Owned/ Rented |
|
|
Rental
Company |
|
|
Owned
by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
|
|
Lease
Expire Date |
|
|
Type
of Premises |
|
Branches Names Country
Province
Unavailable
Branches Owned/ Rented Unavailable
Rental Company
Owned
Value
Bank
Bond
Lease Agreement
Lease Expire Date
Type of Premises
Organisation chart
Level Position
Name
Unavailable
Note: One level up and all levels down
|
Holding |
Company Sub |
|
Unavailable |
|
Trade References
Key deals signed within the
past 12 months.
Company Value Contact
Unavailable
|
Trade |
Supplier |
Contact |
Surety Value |
Notarial |
|
Reference nr |
|
|
|
Bonds |
|
1 |
Unavailable |
|
|
|
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Unavailable |
|
|
|
|
|
|
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 |
|
Bank Information
|
|
|
Bank |
Unavailable |
|
Branch |
|
|
Bank
Account Number |
|
|
Type of
Account |
|
|
Account
Name |
|
|
Overdraft
Facilities |
|
|
Date Opened |
|
|
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 |
|
None |
|
|
|
|
|
|
|
Previous Bank Accounts
|
Banker |
Branch
Code |
Account Holder |
Account number |
Date
opened |
Years with bank |
|
None |
|
|
|
|
|
Property Interests for
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 Estimates
|
CURRENT
ASSETS |
Unavailable |
|
Stock |
|
|
Debtors |
|
|
FIXED
ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/
From? |
|
|
LONG TERM
LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
|
|
Estimated
Current Year Turnover |
|
|
Current
Turnover per month |
|
|
Current
Turnover per annum |
|
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 |
56 |
Active Principals
Principal 1 of 2: MARTIN
PEARSON
|
Surname |
PEARSON |
|
First Name |
MARTIN |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
093156123 |
|
Verified ID Number |
No |
|
Current Age |
51 |
|
Designation |
Businessman |
|
Status |
active |
|
Appointment Date |
2010/03/01 |
|
Physical Address (at time of |
300
Merrand Crescent |
|
Appointment) |
Kyalami
Estates |
|
|
JOHANNESBURG |
|
|
1684 |
|
Postal Address |
Suite
104 |
|
|
Jewel
City |
|
|
JOHANNESBURG |
|
|
2001 |
|
Current Tel Number |
0114685909 |
|
Cell number |
072
3381494 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
|
|
Shareholding |
Unavailable |
Adverse Information for: MARTIN PEARSON
Judgement
Number of Judgements None
Debt Review
Debt review None
Other
Default data None
Business
Information for: MARTIN PEARSON
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ITHEMBA DIAMONDS (PTY)LTD |
2005/042927/07 |
IN BUSINESS |
6 Years 3 Months |
0 |
NO |
|
UXOLO DIAMONDS (PTY)LTD |
2006/028328/07 |
IN BUSINESS |
5 Years 6 Months |
0 |
NO |
Previous Business Interests
|
Average Age of Previous |
None |
|
Business Interests |
|
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interests for:
MARTIN PEARSON
|
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: SHREYAS
KIRTILAL DOSHI
|
Surname |
DOSHI |
|
First Name |
SHERYAS |
|
Other Names |
KIRTILAL |
|
Marital Status |
Unavailable |
|
Passport Number |
Z1781906 |
|
Verified ID Number |
No |
|
Current Age |
62 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2010/03/01 |
|
Physical Address (at time of |
162
Neelamber |
|
Appointment) |
16th
floor 37 G D MARG |
|
|
MUMBAI
26,0000 |
|
Postal Address |
162
Neelamber |
|
|
16th
floor 37 G D MARG |
|
|
MUMBAI
26,0000 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse Information for SHREYAS KIRTILAL DOSHI
Judgement
Number of Judgements None
Debt Review
Debt review None
Other
Default data None
Business Information for SHREYAS KIRTILAL DOSHI
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ITHEMBA DIAMONDS (PTY)LTD |
2005/042927/07 |
In Business |
6 Years 3 Months |
0 |
NO |
|
UXOLO DIAMOND CUTTING
WORKS (PYT)LTD |
2006/028328/07 |
In Business |
5 Years 6 Months |
0 |
NO |
Previous Business Interests
|
Average Age of Previous |
None |
|
Business Interests |
|
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interests for
SHREYAS KIRTILAL DOSHI
|
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.50.31 |
|
|
1 |
Rs.79.04 |
|
Euro |
1 |
Rs.65.82 |
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.