|
Report Date : |
28.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
CORRADO TRADING CC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
15.11.1991 |
|
|
|
|
Com. Reg. No.: |
1991/030846/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
Manufacturing and distribution of packaging materials, such as Corrugated (Plain and Printed Boxes), Adhesive And General Packaging Products, Plastic (Plain And Printed), Twines, Strappings, Cleaning Products |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRAs Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 |
CORRADO
TRADING CC T/S NURSCON PLASTIC MANUFACTURERS |
|
Country |
SOTH
AFRICA |
|
Requested Credit Limit |
$
150 000 |
|
Enquiry Terms |
D/A |
|
Account Review |
|
|
Subject Contact person |
SUHEL
FINANCIAL MANAGER |
|
Assessment |
On
investigation we made contact with SUHEL the financial manager of the
company. He
was unable to assist with the information due to a robbery at their offices. He
will be unavailable for a while with insurance and legal proceedings. It
should be borne in mind that the robbery could adversely affect the subjects
operations at present. We
will contact the subject within the coming week to obtain more information. Please
see the available information on the subject below. |
|
Registered Name |
CORRADO TRADING CC |
|
Trading as/ Division Name |
NURSCON PLASTIC MANUFACTURERS |
|
Previous Name |
Unavailable |
|
Date of Name Change |
Unavailable |
|
Registration Number |
1991/030846/23 |
|
Registration Date |
1991/11/15 |
|
Date Commenced Trading |
1991/11/15 |
|
Age of Business |
20 Years 4 Months |
|
History of Business |
Unavailable |
|
History of Principals |
Unavailable |
|
Shareholders and % holding |
Unavailable |
|
Authorised Share Capital |
Unavailable |
|
Issued Share Capital |
Unavailable |
|
Status |
In business |
|
Operations Assessment |
Manufacturing and distribution of
packaging materials, such as : CORRUGATED
(Plain And Printed Boxes) ADHESIVE AND GENERAL PACKAGING PRODUCTS: Gum Tape; Labels, Wrapping Pappers; Padded Mailing Bags; Gloves;
Disposable Products; Masking Tapes; Double Sided Tapes; Aluminium Tapes;
Clear/Buff Tapes PLASTIC (PLAIN AND PRINTED): Black Nursery Planting Bags; Packaging Bags; Tubing; Sheeting;
Shrinkwrap; Palletwrap; Minigrip Bags; Bubble Wrap; Airothene And Pearlwrap TWINES:
cotton, sisal and polypropylene STRAPPINGS:
Steel, Woven, Polypropylene And Polyester CLEANING PRODUCTS: Toilet paper; wipes; serviettes; rags; brooms and mops |
|
Industry/ Customers |
Packaging Industry |
|
Export |
|
|
Major Industry Code / SICC |
33800 |
|
Definition of Code |
Manufacture of Plastic Products |
|
Head Office Physical Address |
95 Fleming Road Meadowdale GERMISTON SOUTH GAUTENG 1411 |
|
Head Office Postal Address |
PO Box 4461 MEADOWDALE 1411 |
|
Current Tel Number |
011 3921113 011 825 5151 |
|
Cell number |
Unavailable |
|
Current Fax Number |
011 3922400 |
|
Current Email Address |
|
|
Web Site Address |
Unavailable |
|
Company Registered Name |
J W WEHMEYER EN KIE |
|
Trading Name |
Unavailable |
|
Registration Number |
Unavailable |
|
Physical Address |
Unavailable |
|
Postal Address |
PO Box 4131 DALPARK 1541 |
|
Contact Person |
Unavailable |
|
Contact Number |
Unavailable |
|
Email |
Unavailable |
|
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 |
21 |
|
Website |
Unavailable |
|
Company Name |
Phone Number |
Time with previous auditors |
|
BASHIR AHMED |
Unavailable |
21 |
|
Vat Number |
4780159648 |
|
Status |
Unavailable |
|
Vat Liable Date |
Unavailable |
|
Tax Number |
9030495809 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
February |
|
Status |
Unavailable |
|
Type of ISO Grade |
Unavailable |
|
Registered |
Unavailable |
|
Compliance Certified |
|
Subsidiaries
|
Subsidiary Company |
Unavailable |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
Unavailable |
|
1. Salaried
employees |
|
|
2. Waged
employees |
|
|
3. Permanent
employees |
|
|
4. Casual
employees |
|
|
5. Contracted
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 |
|
Branches Names |
Country |
Province |
|
Unavailable |
|
|
Branches Owned/ Rented |
Unavailable |
|
Level |
Position |
Name |
|
1 |
Director |
ZUBER DOSANI |
|
2 |
Director |
ZAHEER DOSANI |
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
55 %ZUBER DOSANI |
CORRADO TRADING
CC |
Unavailable |
|
45 %ZAHEER DOSANI |
CORRADO TRADING
CC |
Unavailable |
|
Company |
Value |
Contact |
|
Unavailable |
|
|
|
|
|
|
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
Unavailable |
|
|
|
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Unavailable |
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
|
3 |
|
|
|
|
|
|
|
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 |
ABSA BANK |
|
Branch |
Unavailable |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
Unavailable |
|
|
|
|
|
|
|
Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
Unavailable |
|
|
|
|
|
Property Interestsfor Company
|
Title Deed No. |
Unavailable |
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 |
|
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 |
37 |
Active Principals
Principal 1 of 2: ZUBER DOSANI
|
Surname |
DOSANI |
|
First Name |
ZUBER |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
7404205126086 |
|
Verified ID Number |
Yes |
|
Current Age |
38 |
|
Designation |
Unavailable |
|
Status |
Active |
|
Appointment Date |
Unavailable |
|
Physical Address (at time of Appointment) |
9 Leen Street HEIDELBERG 2400 |
|
Postal Address |
9 Leen street HEIDELBERG 2400 |
|
Current Tel Number |
0118255151/ 0113493079 |
|
Cell number |
0824605719 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
55.0000 |
Adverse
Information for:ZUBER DOSANI
Judgement
|
Number of
/Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for:ZUBER DOSANI
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
CARRADO TRADING CC |
1991/030846/23 |
In Business |
20 Years 4
Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Property
Interestsfor ZUBER DOSANI
|
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: ZAHEER DOSANI
|
Surname |
DOSANI |
|
First Name |
ZAHEER |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
7605205291189 |
|
Verified ID Number |
Yes |
|
Current Age |
36 |
|
Designation |
Unavailable |
|
Status |
Active |
|
Appointment Date |
Unavailable |
|
Physical Address (at time of Appointment) |
9 Leen street HEIDELBURG |
|
Postal Address |
9 Leen street HIEDELBURG 2400 |
|
Current Tel Number |
0113921113/0163492079 |
|
Cell number |
0844047860 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
45.0000 |
Adverse Information for: ZAHEER DOSANI
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: ZAHEER DOSANI
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
CARRADO TRADING CC |
1991/030846/23 |
In Business |
20 Years 4
Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Property
Interestsfor: ZAHEER DOSANI
|
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.50.91 |
|
|
1 |
Rs.81.27 |
|
Euro |
1 |
Rs.67.98 |
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 SCs 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.