|
Report Date : |
15.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
GEOCHRIS INVESTMENTS CC |
|
|
|
|
Formerly Known As : |
GEOCHRIS
INVESTMENTS (PTY)LTD |
|
|
|
|
Registered Office : |
7
Bonanza Street, Selby Ext 19, Johannesburg, 2000 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
12.10.2007 |
|
|
|
|
Com. Reg. No.: |
2007/247534/23 |
|
|
|
|
Legal Form : |
Closed Corporation |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 Unemployment remains high and outdated infrastructure has constrained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.
|
Source : CIA |
|
Subject Name |
GEOCHRIS INVESTMENTS CC |
|
Country |
South Africa |
|
Subject Contact Person |
JAMEEL MAYET - 0118332402 |
|
Assessment |
On
investigation contact was made with the Financial Manager JAMEEL E. MAYET who
declined to assist with any information telephonically. We
forwarded a questionnaire to MR. MAYET, who was reluctant to assist with any
information unless he knew the name of the principal enquirer and reason for
the enquiry. Should
you wish to provide the identity of your client please advise soonest. We are
therefore not in a position to recommend credit dealings. Please
see the available information for the subject below. |
|
Registered
Name |
GEOCHRIS
INVESTMENTS CC |
|
Previous
Name |
GEOCHRIS
INVESTMENTS (PTY)LTD |
|
Registration
Number |
2007/247534/23 |
|
Registration
Date |
2007/10/12 |
|
Age
of Business |
5
Years |
|
History
of Business |
The
company was registered as GEOCHRIS INVESTMENTS (PTY)LTD 1983/006356/07 in
2007 the subject converted to a CC namely GEOCHRIS INVESTMENTS CC
2007/247534/23 |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
Conversion
CO/CC or CC/CO |
|
Major
Industry Code / SICC |
9000 |
|
Definition
of Code |
Other
activities not adequately defined. |
|
Head
Office Physical Address |
7 BONANZA STREET,
SELBY EXT 19, JOHANNESBURG, 2000 |
|
Head
Office Postal Address |
P
O BOX 291, CROWN MINES, 2025 |
|
Current
Tel Number |
0118332402 |
|
Current
Fax Number |
0118382915 |
|
Current
Email Address |
|
Company Registered Name |
G GANI AND ASSOCIATES |
|
Postal Address |
P O BOX 8443, CUMBERWOOD, 3235 |
|
Practice Number |
150312N |
|
No of years in Business |
Unknown |
Previous auditors
|
Company
Name |
Phone Number |
Time
with previous auditors |
Comment |
|
MSG M AAASUKU JEENA
INCORPORATED |
|
13 |
|
|
SIMON,
HURWITZ AND COMPANY |
|
13 |
|
|
VAN
LAUN BROUARD |
|
13 |
|
|
Vat
Number |
4510172200 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1998/03/01 |
|
Tax
Number |
9235098846 |
|
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
Organization Chart - No Information on Record
Note: One level up and all levels down
Company Structure Information - No Information
on Record
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 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
|
Number
of Principals |
2 |
|
Average
Age of Active Principals |
37 |
Active
Principals
Principal - 1of 2 FAHEEM TAYOB
|
Surname |
TAYOB |
|
First
Name |
FAHEEM |
|
Other
Names |
None |
|
ID
Number |
8208195151080 |
|
Verified
ID Number |
Yes |
|
Current
Age |
30 |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
2007/12/10 |
|
Physical
Address (at time of Appointment) |
123
KILLARNEY PARK, 5TH STREET, KILLARNEY, 2193 |
|
Postal
Address |
P
0 BOX 129, CROWN MINES, 2025 |
|
Current
Tel Number |
0114464852 |
|
Cell
number |
0731809392 |
|
Shareholding/Membership |
100.0000 |
Principal's Adverse - No information on record
Business Information for FAHEEM TAYOB
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
FAHEEM TRADING CC |
B2003/086823/23 |
In
Business |
9 Years 9 Months |
0 |
No |
|
|
OSGO WHOLESALERS
AND MANUFACTURERS (PTY) LTD |
M1967/004856/07 |
Conversion CO/CC
or CC/CO |
45 Years 9 Months |
0 |
No |
|
|
ABIES
HOLDINGS (PTY) LTD |
M1970/002176/07 |
Conversion CO/CC
or CC/CO |
42 Years 6 Months |
0 |
No |
|
|
GEOCHRIS
INVESTMENTS (PTY) LTD |
M1983/006356/07 |
Conversion CO/CC
or CC/CO |
29 Years 5 Months |
0 |
No |
|
|
OSGO
PROPERTIES (PTY) LTD |
M1983/013444/07 |
Conversion CO/CC
or CC/CO |
29 Years 5 Months |
0 |
No |
|
|
HAMMERFEST
INVESTMENTS (PTY) LTD |
M2004/004559/07 |
Conversion CO/CC
or CC/CO |
8 Years 8 Months |
0 |
No |
|
|
CHESEHO
INVESTMENTS 11 (PTY) LTD |
M2005/015767/07 |
In
Business |
7 Years 7 Months |
0 |
No |
|
|
DSSA SPORTS (PTY)
LTD |
M2007/023972/07 |
Conversion CO/CC
or CC/CO |
5 Years 5 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of
Previous Business 13 years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ELVIRA
TRADING 54 CC |
B2002/099467/23 |
In
Business |
10 Years 10
Months |
0 |
No |
|
|
TAYOB
TOWERS (PTY) LTD |
M1996/015338/07 |
Deregistration
Final |
16
Years 4 Months |
1 |
No |
|
Principal's Deeds Information - No information on record
Principal - 2of 2
AZEEM TAYOB (JNR)
|
Surname |
TAYOB
(JNR) |
|
First
Name |
AZEEM |
|
Other
Names |
None |
|
ID
Number |
6806065241089 |
|
Verified
ID Number |
Yes |
|
Current
Age |
44 |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
1998/03/13 |
|
Physical
Address (at time of Appointment) |
51
NERINA STREET, LENASIA, EXT 3, 1829 |
|
Postal
Address |
P
0 BOX 3200, LENASIA, 1820 |
|
Current
Tel Number |
0118332402 |
|
Cell
number |
0827863988 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information for AZEEM TAYOB (JNR)
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ZAZ
PROPERTY INVESTMENTS CC |
B1988/019080/23 |
In
Business |
0 |
0 |
No |
|
|
AYTEE
PROPERTY INVESTMENTS CC |
B1988/019196/23 |
In
Business |
0 |
0 |
No |
|
|
ELVIRA TRADING 54 CC |
B2002/099467/23 |
In
Business |
10
Years 10 Months |
0 |
No |
|
|
CITY
WORLDWIDE TRADING CC |
B2010/114076/23 |
In
Business |
2
Years 2 Months |
0 |
No |
|
|
GEOCHRIS
INVESTMENTS (PTY) LTD |
M1983/006356/07 |
Conversion
CO/CC or CC/CO |
29
Years 5 Months |
0 |
No |
|
|
MATERIAL
AND FABRIC KINGS (PTY) LTD |
M1987/003730/07 |
Conversion
CO/CC or CC/CO |
25
Years 1 Months |
0 |
No |
|
|
TAYFAM
INVESTMENTS (PTY) LTD |
M2001/008691 /07 |
In
Business |
11
Years 11 Months |
0 |
No |
|
|
CHESEHO
INVESTMENTS 11 (PTY) LTD |
M2005/015767/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
ORION
PROPERTIES 46 (PTY)LTD |
M2006/013638/07 |
In
Business |
6
Years 6 Months |
0 |
No |
|
|
DSSA SPORTS (PTY)
LTD |
M2007/023972/07 |
Conversion
CO/CC or CC/CO |
5
Years 5 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.70 |
|
UK Pound |
1 |
Rs.84.51 |
|
Euro |
1 |
Rs.68.16 |
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.