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Report Date : |
02.05.2012 |
IDENTIFICATION DETAILS
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Name : |
CHEMFORD INDUSTRIES SA (PTY) LTD |
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Formerly Known As : |
REST BEST INVESTMENTS (PTY) LTD – SHELF COMPANY |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10.02.2010 |
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Com. Reg. No.: |
2010/002222/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Distribution of Chemicals |
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No. of Employees : |
02 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
CHEMFORD INDUSTRIES SA (PTY) LTD |
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Country |
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Enquiry Terms |
D/A |
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Account Review |
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Subject Contact person |
MOHAMED HOOSEN EBRAHIM KAROLIA - DIRECTOR |
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Assessment |
On investigation we made contact with MR KAROLIA the director who assisted with the information on the subject. This appears to be a small establishment as there are only 2 employees in the company. The subject has a vast export portfolio to ASIA, AFIRCA and The AMERICAS. We await further information from the director for Trade references, Banking details and Financial information. Please see the available information on the subject below. |
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Registered Name |
CHEMFORD
INDUSTRIES SA (PTY) LTD |
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Trading as/ Division Name |
None |
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Previous Name |
REST
BEST INVESTMENTS (PTY) LTD – SHELF COMPANY |
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Date of Name Change |
2010-06-30 |
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Registration Number |
2010/002222/07 |
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Registration Date |
2010-02-10 |
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Date Commenced Trading |
2010-02-10 |
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Age of Business |
2 Years
2 Months |
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History of Business |
The
company was registered as a new business in 2010 |
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History of Principals |
There is
1 sole director in the company |
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Shareholders and % holding |
100 % -
MOHAMED HOOSEN EBRAHIM KAROLIA |
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Authorised Share Capital |
1000 |
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Issued Share Capital |
100 |
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Status |
In
Business |
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Operations Assessment |
Distribution
of Chemicals such as: Detergent
raw materials Paints
raw materials Mining
chemicals Water
treatment Industrial
Chemicals |
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Industry/ Customers |
The
subject mainly deals with mining companies. The subject supplies the mining
industry with chemicals such as : Mercury
and Sodium Hydro Chloride |
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Export |
Yes 11 % -
20 % of the business South
America |
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Major Industry Code / SICC |
33410 |
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Definition of Code |
Manufacture
of basic chemicals, except fertilizers and nitrogen compounds |
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Head Office Physical Address |
41
Duiker Street Dayelside RANDVAAL 1873 |
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Head Office Postal Address |
Postnet
Suite 6 Private
Bag X1569 GLENVISTA 2058 |
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Current Tel Number |
Currently
Unavailable |
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Cell number |
082 8275595 |
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Current Fax Number |
011
8523526 |
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Current Email Address |
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Web Site Address |
Unavailable |
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SOLE PROPRIETOR |
SOLLY NOOR MOHAMMED |
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Trading Name |
SOLLY NOOR MOHAMMED |
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Registration Number |
None |
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Physical Address |
2 - 2nd Road Unit 2C HYDE PARK |
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Postal Address |
PO Box 41553 CRAIGHALL 2196 |
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Contact Person |
SOLLY NOOR MOHAMMED |
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Contact Number |
011 3273524 |
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Email |
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Principals |
1 |
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Judgements Against Subject |
Unavailable |
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Judgements Against Principals |
Unavailable |
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Subject Verified as Client |
Yes |
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SAICA number |
Unavailable |
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VAT Number |
Unavailable |
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Tax Number |
Unavailable |
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BEE Status |
Unavailable |
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Financial Year End |
Unavailable |
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Years With Auditors |
2 |
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Website |
None |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
DOUGLAS DIX-PEEK
AND COMPANY |
Unavailable |
Unknown |
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Vat Number |
4580255836 |
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Status |
Active |
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Vat Liable Date |
2010-07-01 |
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Tax Number |
9198990179 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
February |
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Status |
None |
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Score |
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Expire Date |
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BEE Certificate Available |
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Type of ISO Grade |
None |
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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 |
In Process |
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Compliance Certified |
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Subsidiaries
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Subsidiary Company |
None |
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Shareholding |
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Registration Number |
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Import / Export |
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Number of
Employees |
2 |
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1. Salaried
employees |
2 |
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2. Permanent
employees |
2 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
None |
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Offices |
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Head Office Owned/ Rented |
Owned |
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Owned by |
MOHAMED KAROLIA |
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Value |
R 1 400 000 |
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Bond |
R 600 000 |
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Bank |
HBZ BANK |
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Type of Premises |
Warehouse and Offices |
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Branches Names |
Country |
Province |
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None |
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Branches Owned/ Rented |
None |
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Rental Company |
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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 |
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Lease Expire Date |
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Type of Premises |
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Organisation chart
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Level |
Position |
Name |
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1 |
Director |
MOHAMED KAROLIA |
Company Structure
(Ownership)
Note: One level up and all levels down
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Holding |
Company |
Sub |
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100 % |
CHEMFORD INDUSTRIES SA (PTY) LTD |
None |
Key
deals signed within the past 12 months.
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Company |
Value |
Contact |
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None |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
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1 |
Unavailable |
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Trade References Detail
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
Unavailable |
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Awaiting further
information on Trade References.
Adverse
Information on Subject
Judgements
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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 |
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None |
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Default Listings
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Date |
Details |
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None |
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Notarial Bonds
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Date |
Details |
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None |
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Awaiting banking
details from the director
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Bank |
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Branch |
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Bank Account Number |
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Type of Account |
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Account Name |
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Overdraft Facilities |
Yes/No |
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Date Opened |
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Bank Code |
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Bank Comment |
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Bank Codes History
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Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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Previous Bank Accounts
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Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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Property Interests for 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
Awaiting financial
information from the director.
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CURRENT ASSETS |
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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 |
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Estimated Current Year Turnover |
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Current Turnover per month |
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Current Turnover per annum |
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Please note the following:
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Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
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Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
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Number of Principals |
1 |
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Average Age of Active Principals |
52 |
Active Principals
Principal 1 of 1: MOHAMED KAROLIA
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Surname |
KAROLIA |
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First Name |
MOHAMED |
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Other Names |
HOOSEN EBRAHIM |
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Marital Status |
Married |
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ID Number |
6004085147086 |
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Verified ID Number |
Yes |
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Current Age |
52 |
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Designation |
Businessman |
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Status |
Active |
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Appointment Date |
2010-03-01 |
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Physical Address (at time of Appointment) |
141 Nirvana Drive Lenasia Ext 1 LENASIA 1827 |
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Postal Address |
PO Box 198 LENASIA 1820 |
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Current Tel Number |
Unavailable |
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Cell number |
082 8275595 |
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Current Fax Number |
011 8523526 |
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Current Email Address |
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Shareholding |
100 % |
Adverse Information for: MOHAMED KAROLIA
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: MOHAMED KAROLIA
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
LEKMAR PROPERTIES CC |
1986/003436/23 |
In Business |
26 Years 2
Months |
0 |
No |
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LEKMAR INVESTMENTS CC |
19987/056866/23 |
In Business |
14 Years 6
Months |
0 |
No |
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KBST CONSULTING (PTY) LTD |
2004/021450/07 |
In Business |
7 Years 9 Months |
0 |
No |
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AL – HARAMAIN INVESTMENTS (PTY) LTD |
2004/031958/07 |
In Business |
7 Years 6 Months |
0 |
No |
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CHESSBOARD TRADE AND INVEST 24 (PTY) LTD |
2006/004083/07 |
In Business |
6 Years 2 Months |
0 |
No |
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LOOPHOLE TRADING AND INVESTMENT 41 (PTY) LTD |
2006/005089/07 |
In Business |
6 Years 2 Months |
0 |
No |
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CHEMLINK SA CC |
2009/036648/23 |
In Business |
3 Years 2 Months |
0 |
No |
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CHEMFORD INDUSTRIES SA (PTY) LTD |
2010/002222/07 |
In Business |
2 Years 2 Months |
0 |
No |
|
WISTERIA ACCOUNTING AND MANAGEMENT SERVICES (PTY)
LTD |
2010/007125/07 |
In Business |
2 Years |
0 |
No |
|
ABC WORLD TRADING CENTRE (PTY) LTD |
M2010/006543/07 |
In Business |
2 Years |
0 |
No |
|
M2010023200 (PTY) LTD |
M2010/023200/07 |
In Business |
1 Year 5 Months |
0 |
No |
|
SERENADE TRADE AND INVEST 31 (PTY) LTD |
M2010/024292/07 |
In Business |
1 Years 4 Months |
0 |
No |
Previous
Business Interests
|
Average Age of Previous
Business Interests |
10 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ZAMINS INVESTMENT CC |
1986/021759/23 |
Deregistration
Final |
25 Years 4
Months |
0 |
No |
|
KAROLIA JEENA INC |
2000/007138/21 |
In Business |
12 Years |
0 |
No |
|
SOLDI D”ORO INVESTMENTS CC |
2000/058838/23 |
Deregistration
Final |
11 Years 6
Months |
0 |
No |
|
KALAMAZOO TRADING (PTY) LTD |
2001/003147/07 |
In Business |
11 Years 2
Months |
0 |
No |
|
REPO WILD 71 (PTY) LTD |
2002/022764/07 |
Deregistration
Final |
9 Years 7 Months |
0 |
No |
|
APX PHARMA DISTRIBUTORS (PTY) LTD |
2003/002511/07 |
In Business |
9 Years 2 Months |
0 |
No |
|
MYLE LOGISTIKS (PTY) LTD |
2005/030277/07 |
In Business |
6 Years 8 Months |
0 |
No |
|
CURE-CHEM SOUTH AFRICA (PTY) LTD |
2005/038739/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
NEW ERA ORGANICS CC |
2006/089981/23 |
Deregistration
Final |
5 Years 10
Months |
0 |
No |
Deeds
Information
Property
Interests for: MOHAMED KAROLIA
|
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 |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.68 |
|
UK Pound |
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.