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Report Date : |
17.11.2012 |
IDENTIFICATION DETAILS
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Name : |
TEMPELTON AND QZACK CC |
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Registered Office : |
Unit No 15 Icons At Hyde Park,
Corner 2nd Avenue and William Nicole Road, HYDE PARK, 2193 |
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Country : |
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Date of Incorporation : |
06.11.2009 |
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Com. Reg. No.: |
B2009/206143/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Importers and export of
chemicals |
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No. of Employees : |
Not Available |
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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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
South Africa |
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 |
South Africa - ECONOMIC OVERVIEW
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 South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. State power supplier Eskom encountered problems with aging plants and meeting electricity demand necessitating "load-shedding" cuts in 2007 and 2008 to residents and businesses in the major cities. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing growing pressure from special interest groups to use state-owned enterprises to deliver basic services to low-income areas and to increase job growth.
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Source : CIA |
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Subject
Name |
TEMPELTON
AND QZACK CC |
|
Country |
South
Africa |
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Subject
Contact Person |
MR.
ABDULLA PARUK - Managing Member |
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Assessment |
This
is an established business. On investigation we made contact with the
managing member MR. ABDULLA PARUK who requested that we send him the
questionnaire. On numerous occasions we followed up on the questionnaire,
however MR. PARUK requested more time to complete the questionnaire. We await
further information for the subject. Please see the available information for
the subject below. |
|
Registered
Name |
TEMPELTON
AND QZACK CC |
|
Trading
as/ Division Name |
TEMPELTON
AND QZACK |
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Registration
Number |
B2009/206143/23 |
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Registration
Date |
2009/11/06 |
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Date
Commenced Trading |
2009-11-06 |
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Age
of Business |
3
Years |
|
History
of Business |
The
subject started as a new business in 2009 |
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History
of Principals |
There
is currently 1 active managing member. |
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Shareholders/Members/Partners
of subject and % holding |
100
% - ABDULLA PARUK |
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Authorised
Share Capital |
R0.00 |
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Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
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Operations
Assessment |
Importers
and export of chemicals |
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Industry/
Customers |
Chemical
Industry |
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Export |
Yes |
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Major
Industry Code / SICC |
334 |
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Head
Office Physical Address |
Unit No 15 Icons At
Hyde Park, Corner 2nd Avenue and William Nicole Road, HYDE PARK, 2193 |
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Head
Office Postal Address |
P
0 BOX 446, PARKLANDS, JOHANNESBURG,
2121 |
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Current
Tel Number |
0110469683 |
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Cell
Number |
0731786071 |
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Current
Fax Number |
0862355267 |
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Current
Email Address |
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|
Comments |
SICC Code
Definition : MANUFACTURE OF BASIC CHEMICALS |
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Company
Registered Name |
NICO
VAN STRATEN |
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Registration
Number |
6901295204088 |
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Physical
Address |
176
A SMUTS STREET, LYTTELTON, PRETORIA |
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Postal
Address |
P
0 BOX 25034, MONUMENT PARK, 0105 |
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Contact
Person |
NICO |
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Contact
Number |
0833028201 |
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Email |
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Principals |
1 |
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Subject
Verified as Client |
Yes |
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Practice
Number |
6576 |
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VAT
Number |
4360237434 |
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Financial
Year End |
Febraury |
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No
of years in Business |
3 |
Previous
Auditors Information - No Information on Record
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Vat
Number |
4280256654 |
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Status |
ACTIVE |
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Vat
Liable Date |
2010/10/01 |
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Financial
Year End |
February |
Black Economic Empowerment Information - No Information on
Record
ISO Information - No Information on Record
Work Mans Information - No Information on Record
Subsidiaries Information - No Information on Record
Employees Information - No Information on Record Company
Fleet Information - No Information on Record
Offices
Information - No Information on
Record
Branch
Information - No Information on
Record
Organisational
Chart - No Information on Record
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
BusinessRescue
- No Information on Record
Default
Listing - No information on record
Notarial
Bonds - No information on record
Bank Information - No Information on Record
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No Information on Record
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Number
of Principals |
1 |
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Average
Age of Active Principals |
49 |
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Active Principals Principal -
1of 1 ABDULLA PARUK |
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Surname |
PARUK |
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First
Name |
ABDULLA |
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Other
Names |
None |
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Marital
Status |
Married |
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ID
Number |
6305165135051 |
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Verified
ID Number |
Yes |
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Current
Age |
49 |
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Designation |
Managing
Member |
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Status |
Active |
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Appointment
Date |
2009/11/06 |
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Physical
Address (at time of Appointment) |
UNIT 21,
JET PARK INDUSTRIAL COMPLEX, JONES ROAD, BOKSBURG, 2121 |
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Postal
Address |
P 0 BOX
446, PARKLANDS, JOHANNESBURG, 2121 |
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Current
Tel Number |
0115343021 |
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Cell
number |
0731786071 |
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Shareholding/Membership |
100% |
Principal's
Adverse - No information on record
Business
Information forABDULLA PARUK Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TEMPELTON
AND QZACK CC |
B2009/206143/23 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
GLOBRITE
TRADING 99 CC |
B2011/056451/23 |
In
Business |
1 Years
1 Months |
0 |
No |
|
|
OSEANIC
BONDED WAREHOUSE CC |
B2011/106339/23 |
In
Business |
1 Years
1 Months |
0 |
No |
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Principal's
Deeds Information - No information on record
Average
Age of Previous Business 25 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HAIZPARK
INVESTMENTS CC |
B1990/038567/23 |
Deregistration
Final |
22 Years
10 Months |
0 |
No |
|
|
FAMSYFA
INVESTMENTS CC |
B1991/007023/23 |
Deregistration
Final |
21 Years
9 Months |
0 |
No |
|
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SHAAD
MANZIL INVESTMENTS CC |
B1992/026405/23 |
Deregistration
Final |
20 Years
8 Months |
0 |
No |
|
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FAWNSIDE
INVESTMENTS CC |
B1997/029652/23 |
Voluntary
Liquidation |
15 Years
3 Months |
0 |
Yes |
|
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T RV INVESTMENTS
CC |
B1997/068413/23 |
Deregistration
Final |
15 Years
3 Months |
0 |
No |
|
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JAN
HOFMEYER TRADING CC |
B2006/218690/23 |
Deregistration
Final |
6 Years
6 Months |
0 |
No |
|
|
SMIT AND
POTTS TRADING CC |
B2008/238255/23 |
Deregistration
Final |
4 Years
4 Months |
2 |
No |
|
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ANGELA
COURT (PTY) LTD |
M1954/001036/07 |
Deregistration
Final |
58 Years
10 Months |
0 |
No |
|
|
HELM TRADING
(PTY) LTD |
M1957/001387/07 |
Deregistration
Final |
55 Years
7 Months |
0 |
No |
|
|
PLATE
WINDOW INVESTMENTS (PTY) LTD |
M1957/004256/07 |
Dissolved |
55 Years
7 Months |
0 |
No |
|
|
I LANG A
HOLDINGS (PTY) LTD |
M1993/001127/07 |
Voluntary
Liquidation |
19 Years
7 Months |
0 |
Yes |
|
|
SAHALEE
TRADING (PTY) LTD |
M1998/021927/07 |
Deregistration
Final |
14 Years
2 Months |
0 |
No |
|
Principal’s Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.99 |
|
|
1 |
Rs.87.21 |
|
Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.