|
Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
AVR DISTRIBUTORS CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
11.01.2008 |
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Com. Reg. No.: |
B2008/004944/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Importers and distributors of Biocides |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s 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 (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
AVR
DISTRIBUTORS CC |
|
Country |
SOUTH
AFRICA |
|
Enquiry Terms |
D/A |
|
Account Review |
Every
3 Months |
|
Subject Contact person |
SHIRMAIN
RAMNARAIN – Director |
|
Assessment |
On investigation
we made contact with SHIRMAIN RAMNARAIN the director who declined to assist
with the subject’s information unless the name of the principal enquirer and
reason for the enquiry is known. The
director deems the information sensitive and feels uncomfortable providing
any information whatsoever. The
subject deals in the import and distribution of Biocides to the agricultural
industry. Please
see the available information for the subject below. WE
cannot support credit dealings. |
|
Registered Name |
AVR DISTRIBUTORS CC |
|
Trading as/ Division Name |
None |
|
Previous Name |
Unavailable |
|
Date of Name Change |
Unavailable |
|
Registration Number |
B2008/004944/23 |
|
Registration Date |
2008-01-11 |
|
Date Commenced Trading |
2008-01-11 |
|
Age of Business |
4 Years 3 Months |
|
History of Business |
Unavailable |
|
History of Principals |
Unavailable |
|
Shareholders and %
holding |
20 % - VISHAL RAMNARAIN 80 % - SHIRMAIN RAMNARAIN |
|
Authorised Share Capital |
2 Ordinary Shares |
|
Issued Share Capital |
R 100 |
|
Status |
In Business |
|
Operations Assessment |
Importers and distributors of Biocides |
|
Industry/ Customers |
Agricultural industry : Farmers |
|
Export |
Unavailable |
|
Major Industry Code / SICC |
6190 |
|
Definition of Code |
Other Wholesale Trade |
|
Head Office Physical Address |
9 Hill Head Road 106 Mount EdgeCombe MANORS DURBAN 4300 |
|
Head Office Postal Address |
PO Box 172 MOUNT EDGECOMBE 4051 |
|
Current Tel Number |
031 5378048 |
|
Cell number |
071 3539167 |
|
Current Fax Number |
086 6483233 |
|
Current Email Address |
Unavailable |
|
Web Site Address |
None as yet |
|
Company Registered Name |
RIVAAJ KALIDIN |
|
Trading Name |
Unavailable |
|
Registration Number |
Unavailable |
|
Physical Address |
Unavailable |
|
Postal Address |
PO Box 13 VERULAM 4340 |
|
Contact Person |
Unavailable |
|
Contact Number |
Unavailable |
|
Email |
Unavailable |
|
Principals |
Unavailable |
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
Unavailable |
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SAICA number |
Unavailable |
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VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
Years With Auditors |
Unavailable |
|
Website |
Unavailable |
|
Company Name |
Phone Number |
Time with previous auditors |
|
RM
FERGUSON MIA |
Unavailable |
Unknown |
|
Vat Number |
4600244620 |
|
Status |
Active |
|
Vat Liable Date |
2008-04-01 |
|
Tax Number |
9197826168 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
February |
|
Status |
Unavailable |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Type of ISO Grade |
Unavailable |
|
ISO Certificate |
|
|
ISO Certificate Available |
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Certified by an Accredited Agent |
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Registered |
Unavailable |
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Compliance Certified |
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Subsidiaries
|
Subsidiary Company |
Unavailable |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
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Number
of Employees |
Unavailable |
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1. Salaried employees |
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2. Waged employees |
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3. Permanent employees |
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4. Casual employees |
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5. Contracted employees |
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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 |
Unavailable |
|||
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1. Cars |
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2. Light Delivery Vehicles |
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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 |
Unavailable |
Head Office Owned/ Rented |
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Rental Company |
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Owned by |
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|
Value |
|
|
Bond |
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|
Bank |
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|
Lease Agreement |
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|
Lease Expire Date |
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Type of Premises |
|
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Branches Names |
Country |
Province |
|
Unavailable |
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Branches Owned/ Rented |
Unavailable |
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Rental Company |
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|
Owned |
|
|
Value |
|
|
Bank |
|
|
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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|
Level |
Position |
Name |
|
1 |
Director |
SHIRMAIN RAMNARAIN |
|
2 |
Director |
VISHAL RAMNARAIN |
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
|
80 % |
AVR DISTRIBUTORS CC |
None |
|
20 % |
AVR DISTRIBUTORS CC |
None |
|
Company |
Value |
Contact |
|
Unavailable |
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|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
Unavailable |
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Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Unavailable |
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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 |
|
|
Bank |
Unavailable |
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Branch |
|
|
Bank Account Number |
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Type of Account |
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|
Account Name |
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|
Overdraft Facilities |
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|
Date Opened |
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|
Bank Code |
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|
Bank Comment |
|
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
Unavailable |
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Previous
Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
Unavailable |
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Property Interests for Company
|
Title
Deed No. |
None |
Erf/Site No. |
|
|
Deeds
Office |
|
Physical Address |
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|
Property
Type |
|
Extent / Size |
|
|
Purchase
Date |
|
Purchase price |
|
|
%
Ownership |
|
Bond Holder |
|
|
Bond
Number |
|
Bond Amount |
|
Financial Estimates
|
CURRENT ASSETS |
Unavailable |
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
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|
Plant, Equipment, Vehicles |
|
|
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 |
|
|
Previous Year Turnover |
|
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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 |
34 |
Active Principals
Principal 1 of 2: VISHAL RAMNARAIN
|
Surname |
RAMNARAIN |
|
First Name |
VISHAL |
|
Other Names |
D |
|
Marital Status |
Married |
|
ID Number |
7709235014080 |
|
Verified ID Number |
Yes |
|
Current Age |
35 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2011-08-12 |
|
Physical Address (at time of
Appointment) |
61 Stonehill Grove Centenary Park PHOENIX |
|
Postal Address |
PO Box 172 MOUNT EDGECOMBE 4051 |
|
Current Tel Number |
031 5378048 |
|
Cell number |
082 2243745 |
|
Current Fax Number |
086 6483233 |
|
Current Email Address |
Unavailable |
|
Shareholding |
20 % |
Adverse Information for: VISHAL
RAMNARAIN
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for: VISHAL RAMNARAIN
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
AVR DISTRIBUTORS CC |
B2008/004944/23 |
In
Business |
4
Years 3 Months |
0 |
No |
Previous Business Interests
|
Average
Age of Previous Business Interests |
7 Months 1 Month |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
I C N PROJECTS CC |
2002/031514/23 |
In
Business |
10
Years |
0 |
No |
|
E WAVE BUILDING PROJECTS CC |
2008/035493/23 |
Deregistration
Final |
4
Years 2 Months |
0 |
No |
Deeds Information
Property Interests for: VISHAL RAMNARAIN
|
Title
Deed No. |
T18181/2005 |
Erf/Site No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical Address |
Shelly
Beach MARGATE |
|
Property
Type |
Freehold / Ervin |
Extent / Size |
795.0SQM |
|
Purchase
Date |
2004-12-06 |
Purchase price |
R
285 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
FIRSTRAND
BANK LTD |
|
Bond
Number |
B199812005 |
Bond Amount |
R
256 500,00 |
Principal 2 of 2: SHIRMAIN RAMNARAIN
|
Surname |
RAMNARAIN |
|
First Name |
SHIRMAIN |
|
Other Names |
Unavailable |
|
Marital Status |
Married |
|
ID Number |
7806010196080 |
|
Verified ID Number |
Yes |
|
Current Age |
34 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2008-01-11 |
|
Physical Address (at time of
Appointment) |
61 Stonehill Grove Centenary Park PHOENIX 4068 |
|
Postal Address |
PO Box 172 MOUNT EDGECOMBE 4051 |
|
Current Tel Number |
031 5832406 / 031 5021628 |
|
Cell number |
071 3539167 |
|
Current Fax Number |
086 6483233 |
|
Current Email Address |
Unavailable |
|
Shareholding |
80 % |
Adverse
Information for: SHIRMAIN RAMNARAIN
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for: SHIRMAIN RAMNARAIN
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
AVR DISTRIBUTORS CC |
B2008/004944/23 |
In
Business |
4
Years 3 Months |
0 |
No |
Previous Business Interests
|
Average
Age of Previous Business Interests |
8 Years 4 Months |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
FAST LANE HIGH OCTANE PUBLISHERS CC |
2003/109831/23 |
Deregistration
Final |
8
Years 4 Months |
0 |
No |
Deeds Information
Property Interests for: SHIRMAIN RAMNARAIN
|
Title
Deed No. |
T18181/2005 |
Erf/Site No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical Address |
Shelly
Beach MARGATE |
|
Property
Type |
Freehold / Ervin |
Extent / Size |
795.0SQM |
|
Purchase
Date |
2004-12-06 |
Purchase price |
R
285 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
FIRSTRANDBANK
LTD |
|
Bond
Number |
B199812005 |
Bond Amount |
R
256 500,00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.93 |
|
|
1 |
Rs.85.85 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.