|
Report Date : |
25.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
H U L
INTERNATIONAL (PTY)LTD |
|
|
|
|
|
|
Registered Office : |
4016site
No3a, West Riverside Business Park, Jm Mathe Drive, 74 Khlangana Road Durban,
Kwazulu Natal, 3630 |
|
|
|
|
|
|
Country : |
|
|
|
|
|
|
|
Date of Incorporation : |
01.03.2001 |
|
|
|
|
|
|
Com. Reg. No.: |
M2001/004670/07 |
|
|
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
|
|
Line of Business : |
Import
of goods and distribution to businesses dealing with interior home supplies |
|
|
|
|
|
|
No. of Employees : |
30 |
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
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 Unemployment remains high and outdated infrastructure has constrained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 |
H U L INTERNATIONAL (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
NELI POOBALAN - 0315695360 |
|
Assessment |
On investigation contact was made
with the Financial Manager NELI POOBALAN who assisted with the information
for the subject. This is well established company. The subject is meeting
commitments timeously with their suppliers. A bank code C was obtained for an
amount of R 1 000 000 over a period of 30 days. Please see the available
information for the subject below. |
|
Registered
Name |
H
U L INTERNATIONAL (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date
of Name Change |
Aug
30 2001 12:00AM |
|
Registration
Number |
M2001/004670/07 |
|
Registration
Date |
2001/03/01 |
|
Date
Commenced Trading |
|
|
Age
of Business |
11
Years 7 Months |
|
History
of Business |
None |
|
History
of Principals |
None |
|
Shareholders/Members/Partners
of subject and % holding |
100
% - USD TRUST |
|
Authorised
Share Capital |
R
4000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Import
of goods and distribution to businesses dealing with interior home supplies |
|
Industry/
Customers |
Mr
Price Home, @ Home etc. |
|
Export |
Yes |
|
Export
Countries |
India |
|
Import |
Yes |
|
Import
Countries |
China,India |
|
Major
Industry Code / SICC |
62330 |
|
Definition
of Code |
Retail
trade in household furniture appliances, articles and equipment |
|
Head
Office Physical Address |
4016SITE
NO3A, WEST RIVERSIDE BUSINESS PARK, JM MATHE DRIVE, 74 KHLANGANA ROAD DURBAN,
KWAZULU NATAL, 3630 |
|
Head
Office Postal Address |
P
O BOX 20341, DURBAN NORTH, 4016 |
|
Current
Tel Number |
0315695360 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0315695732 |
|
Current
Email Address |
|
|
Web
Site Address |
None |
|
Comments |
|
|
Company
Registered Name |
PRICE
WATERHOUSE COOPERS INCORPORATED |
|
Trading
Name |
PWC
INC |
|
Registration
Number |
1998/012055/21 |
|
Physical
Address |
102
Stephen Dlamini Road, Berea, Durban, 4001 |
|
Postal
Address |
P
O BOX 226, PAARL, 7620 |
|
Contact
Person |
FARIDA |
|
Contact
Number |
0312503907 |
|
Email |
|
|
Principals |
246 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
905178E |
|
VAT
Number |
4950174682 |
|
Tax
Number |
9343032844 |
|
BEE
Status |
Level
2 |
|
Financial
Year End |
June |
|
No
of years in Business |
Unknown |
|
Website |
|
|
Comment |
|
Previous Auditors Information - No Information on
Record
|
Vat
Number |
4890195540 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2001/10/01 |
|
Tax
Number |
9231202145 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
4.00 |
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Comment |
|
|
|
|
|
ISO
Information - No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries Information - No Information on Record
|
Employees |
|
|
Number
of Employees |
30 |
|
1.
Salaried employees |
30 |
|
2.
Waged employees |
|
|
3.
Permanent employees |
|
|
4.
Casual employees |
|
|
5.
Contracted employees |
|
|
Comment |
|
|
Company
Fleet |
|
|
Company
Fleet |
No
of vehicles:
Ownerd/Leased
Value
Outstanding Balance |
|
Fleet
Operations |
|
|
The
Fleet is made up of |
4 |
|
Comment |
|
|
Light
delivery Vehicles 4 Owned |
|
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Leased |
|
Rental
Company |
JT
ROSS PROPERTIES |
|
Lease
Agreement |
5
Years |
|
Lease
Expire Date |
|
|
Type
of Premises |
OFFICES
AND WAAREHOUSE |
|
Comment |
|
Branch Information - No Information on Record
Organisation Chart
Level Position
Name Comment
1 DIRECTOR
PRASHAY
DHUPELIA
1 DIRECTOR
AMIT
DHUPELIA
1 DIRECTOR
UMESHKUMAR
DHUPELIA
(Ownership)
Note: One level up
and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100% USD TRUST |
H U L INTERNATIONAL (PTY) LTD |
|
|
Key Deals - No Information on Record
|
Trade Reference
nr |
Supplier |
Contact |
Surety Value |
Notarial
Bonds |
Comment |
|
1 |
TNT |
0114373779 |
|
|
|
|
2 |
READY CENTRAL |
0312091458/07323733 19 |
|
|
|
|
3 |
FUTURE PACKAGING |
0317008585 |
|
|
|
Trade References
Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
0 |
R 0.00 |
R 0 |
30
DAYS |
R 0 |
30 DAYS |
GOOD ACCOUNT-DEEMED CONFIDENTIAL |
|
2 |
|
|
|
|
|
|
AWAITING TRADE REFERENCE |
|
3 |
3 Years |
R10000.00 |
R 5000 |
30
DAYS |
R 3000 |
30 DAYS |
VERY GOOD |
Adverse Information on Subject
Judgements - No information on record
BusinessRescue - No Information on Record
Default Listing - No information on record
Notarial Bonds -
No information on record
|
Bank |
NEDBANK |
|
Branch |
BUSINESS
BRAND |
|
Brach
Code |
164826 |
|
Bank
Account Number |
1648038336 |
|
Type
of Account |
CURRENT |
|
Account
Name |
HUL
INTERNATIONAL (PTY) LTD |
|
Overdraft
Facilities |
YES |
|
Bank
Code |
C
For R 1 000 000 |
|
Bank
Comment |
The
subject's banker consider them good for all business normal engagements. |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Property Interests
for Company H U L INTERNATIONAL (PTY)LTD
|
Title
Deed No. |
ST15197/2008 |
Erf/Site
No. |
2819,5 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
8
GLENDINING LA LUCIA UMHLANGA |
|
Property
Type |
Sectional
Title / Unit |
Extent
/ Size |
196.0SQM |
|
Purchase
Date |
2008/01/17 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
39 |
|
Active
Principals Principal - 1of 3 PRASHAY DHUPELIA |
|
|
Surname |
DHUPELIA |
|
First
Name |
PRASHAY |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
8401245035086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
28 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2008/06/05 |
|
Physical Address (at time of Appointment) |
UNIT
L 32, LA PALM TERRACES, LA LUCIA RIDGE, 4051 |
|
Postal
Address |
P
O BOX 18617, DALBRIDGE, 4014 |
|
Current
Tel Number |
0315695360 |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information forP RASHAY DHUPELIA
Principal Current Business
Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
H U L INTERNATIONAL
(PTY)LTD |
M2001/004670/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
Principal's Deeds Information
- No information on record
Principal - 2of 3
AMIT DHUPELIA
Surname Dhupelia
First Name AMIT
Other Names None
ID Number 8107115036084
Verified ID Number Yes
Current Age 31
Designation DIRECTOR
Status Active
Appointment Date 2006/05/05
Physical Address (at time of 2/1
KELBA STREET, BALWYN NORTH, VICTORIA, AUSTRALIA, 3104
Appointment)
Postal Address P
O BOX 537, CAMBERWELL, VICTORIA, 3124
Current Tel Number 0315695360
Principal's Adverse - No information on record
Business Information for AMIT DHUPELIA
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
H U L INTERNATIONAL
(PTY)LTD |
M2001/004670/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 3of 3
UMESHKUMAR
DHUPELIA
First Name UMESHKUMAR
Other Names None
Marital Status Married
ID Number 5405045132087
Verified ID Number Yes
Current Age 58
Designation DIRECTOR
Status Active
Appointment Date 2001/08/01
Physical Address (at time of 44
NORTHCLIFFE AVENUE, WESTVILLE, DURBAN, 3630
Appointment)
Postal Address
PO BOX 325, DURBAN, 4000
Current Tel Number 0315695360
Cell number 0825589820
Shareholding/Membership 0.0000
Principal's Adverse - No information on record
Business Information forU MESHKUMAR DHUPELIA
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
NEW CITY ESTATES (PTY)LTD |
M1966/006093/07 |
Conversion
CO/CC or CC/CO |
46
Years 10 Months |
0 |
No |
|
|
SCALA FASHION CENTRE (PTY)LTD |
M1970/006438/07 |
Conversion CO/CC or CC/CO |
42
Years 6 Months |
0 |
No |
|
|
TENWAY INVESTMENTS (PTY)LTD |
M1984/008206/07 |
In
Business |
28
Years 4 Months |
0 |
No |
|
|
PURPLE RAIN
PROPERTIES NO 62 (PTY)LTD |
M1997/020100/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
H U L INTERNATIONAL
(PTY)LTD |
M2001/004670/07 |
In
Business |
11
Years 11 Months |
0 |
No |
|
Principal Previous
Business Interests
Average Age of Previous Business 29 Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
DHUPELIAS
PROPERTIES CC |
B1985/014640/23 |
Deregistration
Final |
27
Years 3 Months |
0 |
No |
|
|
NATIONAL
TEXTILE DISTRIBUTORS CC |
B1987/003692/23 |
Deregistration
Final |
25
Years 1 Months |
0 |
No |
|
|
SCALA
TRADING CC |
B1987/004256/23 |
Deregistration
Final |
25
Years 1 Months |
0 |
No |
|
|
DHUPELIA
AND SON (PTY)LTD |
M1945/019081/07 |
Deregistration
Final |
67
Years 7 Months |
0 |
No |
|
|
SHRIMATI''S
(PTY)LTD |
M1972/010914/07 |
Deregistration
Final |
40
Years 4 Months |
0 |
No |
|
|
SAVING
HOUSE (PTY)LTD |
M1973/000180/07 |
Conversion
CO/CC or CC/CO |
39
Years 3 Months |
0 |
No |
|
|
BURBREEZE
TOWNSHIPS (PTY)LTD |
M1973/015919/07 |
Dissolved |
39
Years 3 Months |
1 |
No |
|
|
JESDOK HOLDINGS
(PTY)LTD |
M1973/016083/07 |
In
Liquidation |
39
Years 3 Months |
0 |
Yes |
|
|
SHANNON
GARDENS (PTY)LTD |
M1980/000663/07 |
Voluntary
Liquidation |
32
Years 8 Months |
0 |
Yes |
|
|
TOPDALE
PROPERTIES (PTY)LTD |
M1990/000810/07 |
Deregistration
Final |
22 Years 10
Months |
0 |
No |
|
|
CANBERRA
PARK (PTY)LTD |
M1990/007678/07 |
Dissolved |
22 Years 10
Months |
0 |
No |
|
|
BRADFIELD PROPERTY DEVELOPERS (PTY)LTD |
M1992/002275/07 |
Deregistration
Final |
20
Years 8 Months |
0 |
No |
|
|
MACDONALD STEEL SA (PTY)LTD |
M1992/004044/07 |
In
Business |
20
Years 8 Months |
0 |
No |
|
|
BONUS
PROPERTIES (PTY)LTD |
M1992/006009/07 |
Deregistration
Final |
20
Years 8 Months |
0 |
No |
|
|
UNIBOND
ALLOYS SA (PTY)LTD |
M1994/004300/07 |
Deregistration
Final |
18
Years 6 Months |
0 |
No |
|
|
DHUMOR
FABRICS (PTY)LTD |
M1996/001783/07 |
Deregistration
Final |
16
Years 4 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.59 |
|
|
1 |
Rs.85.81 |
|
Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.