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Report Date : |
08.11.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Country : |
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Date of Incorporation : |
19.08.1992 |
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Com. Reg. No.: |
M1992/004728/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesalers
of cosmetic products. |
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No. of Employees : |
12 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A2 |
A2 |
|
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 |
south Africa
is a middle-income, emerging market with an abundant supply of natural resources;
well-developed financial, legal, communications, energy, and transport sectors;
a stock exchange that is the 18th largest in the world; and modern
infrastructure supporting a relatively efficient distribution of goods to major
urban centers throughout the region. Growth was robust from 2004 to 2007 as
|
Source : CIA |
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Subject Name |
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Country |
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Subject Contact
Person |
SHAFIQUE AKOONJEE
- Director |
|
Assessment |
This
is an established business. On
investigation we made contact with the subject and we were referred to the Director
MR. SHAFIQUE AKOONJEE who assited with most of the information, however
declined to assist with the trade referrences due to it being confidential. We have
obtained a Bank code C for R 500 000 over a period of 30 Days. Please see the
available information for the subject below. |
|
Registered Name |
|
|
Trading as/
Division Name |
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|
Registration
Number |
M1992/004728/07 |
|
Registration Date |
1992/08/19 |
|
Date Commenced
Trading |
1992-08-19 |
|
Age of Business |
20 Years 3 Months |
|
History of
Business |
The subject
started as a new business in 1992 |
|
History of
Principals |
There is currently
1 active director within the company. |
|
Authorised Share
Capital |
R 2000.00 |
|
Issued Share
Capital/Members Contribution |
R 100.00 |
|
Status |
In Business |
|
Operations
Assessment |
The subjects main operation is Exporting of
cosmetics. |
|
Industry/
Customers |
Wholesalers of
cosmetic products. |
|
Export |
Yes |
|
Major Industry
Code / SICC |
62310 |
|
Definition of
Code |
Retail trade in
pharmaceutical medical cosmetics and toilet articles |
|
Head Office
Physical Address |
|
|
Head Office
Postal Address |
P O |
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Current Tel
Number |
0315089500 |
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Current Fax
Number |
0315089594 |
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Company
Registered Name |
AZA KOPANO INCORPORATED |
|
Trading Name |
AZA KOPANO |
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Registration
Number |
1998/014078/21 |
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Physical Address |
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Postal Address |
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Contact Person |
MR. ZAC BUYID |
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Contact Number |
0312043311 |
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Email |
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Principals |
1 |
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Subject Verified
as Client |
Yes |
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VAT Number |
4500226792 |
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Tax Number |
9824016647 |
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BEE Status |
Level 1 |
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Financial Year
End |
28 February |
|
No of years in
Business |
9 Years |
|
Website |
www. azakopano.
co.za |
Previous Auditors Information - No Information on
Record
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Vat Number |
4160166676 |
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Status |
ACTIVE |
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Vat Liable Date |
1997/07/01 |
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Tax Number |
9003142206 |
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Financial Year
End |
February |
Black Economic Empowerment Information - No
Information on Record
ISO Information - No Information on Record
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Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries Information - No Information on Record
|
Employees |
|
|
Number of
Employees |
12 |
|
1. Salaried
employees |
12 |
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2. Waged
employees |
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|
3. Permanent
employees |
12 |
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4. Casual
employees |
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5. Contracted
employees |
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Comment |
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Company Fleet Information - No Information on Record
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Offices |
Offices |
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Head Office
Owned/ Rented |
Leased |
|
Type of Premises |
Offices |
Branch
Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
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|||
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1 |
Director |
SHAFIQUE
AKOONJEE |
|
Company
Structure Information - No Information on Record
Note: One level up and all levels down
Key Deals -
No Information on Record
Trade
References Information - No Information on Record
Judgements - No
information on record
Business Rescue - No Information on Record
Default Listing
- No information on record
Notarial Bonds
- No information on record
|
Bank |
FIRST NATIONAL
BANK |
|
Branch |
VERULAM |
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Bank Account
Number |
50910021597 |
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Type of Account |
CHEQUE |
|
Account Name |
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Overdraft Facilities |
None |
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Bank Code |
C FOR R 500 000 |
|
Bank Comment |
The subject's
bankers consider them good for all business normal engagements |
Bank Code
History - No Information on Record
Previous Bank
Account Information - No Information on Record
Deeds
Information - No information on record
Financial
estimates
|
Debtors |
R 4883261.00 |
|
Creditors |
R 75692.00 |
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Loans/ From? |
R10286871.00 |
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Previous Year
Turnover |
R 34867134.00 |
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Estimated Current
Year Turnover |
R 38040269.00 |
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Current Turnover
per month |
R 3170022.00 |
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Current Turnover
per annum |
R 38040269.00 |
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Comment |
|
|
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 |
|
Number of
Principals |
1 |
|
Average Age of Active
Principals |
39 |
Active Principals Principal - 1of 1 SHAFIQUE AKOONJEE
|
Surname |
AKOONJEE |
|
First Name |
SHAFIQUE |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7308185163086 |
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Verified ID
Number |
Yes |
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Current Age |
39 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
1997/07/01 |
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Physical
Address (at time of Appointment) |
END |
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Postal Address |
P O |
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Current Tel
Number |
0315089500 |
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Cell number |
0837863256 |
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Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business Information for SHAFIQUE AKOONJEE
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TRADEPORT
DISTRIBUTION (PTY) LTD |
2003/031163/07 |
In Business |
9 Years 9 Months |
0 |
No |
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DAWOOD TIMOL CC |
B1991/002176/23 |
Conversion
CO/CC or CC/CO |
21 Years 9 Months |
0 |
No |
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903
GOLDEN SANDS CC |
B1992/020436/23 |
Conversion
CO/CC or CC/CO |
20 Years 8 Months |
0 |
No |
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ELITE FORCE CC |
B1994/012072/23 |
In Business |
18 Years 6 Months |
0 |
No |
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OHLANGA
WHOLESALERS (PTY) LTD |
M1992/004461/07 |
In Business |
20 Years 8 Months |
0 |
No |
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|
M1992/004728/07 |
In Business |
20 Years 8 Months |
0 |
No |
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KOKSTAD
WHOLESALERS (PTY) LTD |
M1992/005618/07 |
In Business |
20 Years 8 Months |
0 |
No |
|
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OAKMEAD
INVESTMENTS (PTY) LTD |
M1994/004577/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
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NORPHIN
PROPERTIES 299 (PTY) LTD |
M1994/006938/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
|
KEALPROP INVESTMENTS
(PTY) LTD |
M1994/009355/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
|
CHINAHERB
(PTY) LTD |
M1994/009886/07 |
Conversion
CO/CC or CC/CO |
18 Years 6 Months |
0 |
No |
|
|
|
M1995/007574/07 |
In Business |
17 Years 5 Months |
0 |
No |
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FAVORS CASH AND
CARRY (PTY)LTD |
M1995/008205/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
CIGARETTE
CITY (PTY) LTD |
M1995/009175/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
COLLARD
INVESTMENTS (PTY) LTD |
M1996/013676/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
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M1997/002510/07 |
In Business |
15 Years 3 Months |
0 |
No |
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HAPPY FAMILY
DISTRIBUTORS (PTY) LTD |
M1997/010404/07 |
In Business |
15 Years 3 Months |
0 |
No |
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TRUSTMORE
INVESTMENTS (PTY) LTD |
M1997/012890/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
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ZIMATA
INVESTMENTS (PTY) LTD |
M1998/008608/07 |
In Business |
14 Years 2 Months |
0 |
No |
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UNISEL
INVESTMENTS (PTY) LTD |
M1998/011531/07 |
In Business |
14 Years 2 Months |
0 |
No |
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SONANCE
TRADING (PTY) LTD |
M1999/021629/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
OHLANGA
MOTOCITI (PTY) LTD |
M2000/007252/07 |
In Business |
0 |
0 |
No |
|
|
ALCARA
INVESTMENTS (PTY) LTD |
M2001/004731/07 |
In Business |
11 Years 11
Months |
0 |
No |
|
|
TRADECASH
(PTY) LTD |
M2004/025094/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
MOTOGATE
CARS (PTY) LTD |
M2005/041375/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
Principal
Previous Business Interests
Average
Age of Previous Business 9
years
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ORION PROPERTIES
134 (PTY)LTD |
2007/028584/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
ARMS KING
(PTY)LTD |
M1999/008785/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.25 |
|
|
1 |
Rs.87.00 |
|
Euro |
1 |
Rs.69.83 |
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.