|
Report Date : |
06.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
EM-AAR TRADING CC |
|
|
|
|
Registered Office : |
3RD FLOOR NBS BUILDING,
52 CHURCH STREET, WYNBERG, 7800 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
26.07.2001 |
|
|
|
|
Com. Reg. No.: |
B2001/050927/23 |
|
|
|
|
Legal Form : |
Closed Corporation |
|
|
|
|
Line of Business : |
Wholesale trade in
foodstuffs |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
|
Status : |
New Business |
|
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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 and a stock exchange that is the
15th largest in the world. Even though the country possesses modern
infrastructure that support a relatively efficient distribution of goods to
major urban centers throughout the region, some components retard growth. The
economy began to slow in the second half of 2007 due to an electricity crisis.
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. Subsequently, the global
financial crisis reduced commodity prices and world demand. GDP fell nearly 2%
in 2009 but has recovered since then. Unemployment, poverty, and inequality
remain a challenge, with official unemployment at nearly 25% of the work force.
State power supplier Eskom has built two new power stations and installed new
power demand management programs to improve power grid reliability. South
Africa's economic policy has focused on controlling inflation, however, the
country has had significant budget deficits that restrict its ability to deal
with pressing economic problems. The current government faces 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 |
EM-AAR TRADING CC |
|
Country |
South Africa |
|
Subject Contact Person |
HARIKRISHNA RAMA -
Managing Member |
|
Assessment |
This is an established
business. On investigation contact was made with HARIKRISHNA RAMA the managing
member who declined to assisted with any of the required information as he
requested to the name of the principal enquirer before he may divulge any
company information. Please see the available information on the subject
below. |
|
Registered Name |
EM-AAR TRADING CC |
|
Trading as/ Division Name |
EM-AAR TRADING |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
B2001/050927/23 |
|
Registration Date |
2001/07/26 |
|
Date Commenced Trading |
2001-07-26 |
|
Age of Business |
12 Years 1 Months |
|
History of Business |
EM-AAR TRADING CC
commenced trading as a new business in 2001. |
|
History of Principals |
There are 3 active
members within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
40 % - HARIKRISH RAMA, 40
% - YOGESH RAMA, 20 % -MAYAN LAL RAMA |
|
Authorised Share Capital |
R0.00 |
|
Issued Share
Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations Assessment |
The subject wholesales
fast moving consumable goods |
|
Industry/ Customers |
The general public and
retailers |
|
Export |
Unknown |
|
Import |
Unknown |
|
Major Industry Code /
SICC |
61221 |
|
Definition of Code |
Wholesale trade in foodstuffs |
|
Head Office Physical
Address |
3RD FLOOR NBS BUILDING,
52 CHURCH STREET, WYNBERG, 7800 |
|
Head Office Postal
Address |
P O BOX 18371, WYNBERG,
7824 |
|
Current Tel Number |
0216335616 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0216379727 |
|
Current Email Address |
Unavailable |
|
Web Site Address |
Unavailable |
|
Company Registered Name |
MADOLLIE |
|
Trading Name |
Unavailable |
|
Registration Number |
Unavailable |
|
Physical Address |
43 CASHEL AVENUE,
CRAWFORD, 7780 |
|
Postal Address |
43 CASHEL AVENUE,
CRAWFORD, 7780 |
|
Contact Person |
Unavailable |
|
Contact Number |
Unavailable |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements Against
Subject |
Unavailable |
|
Judgements Against
Principals |
Unavailable |
|
Subject Verified as
Client |
|
|
Practice Number |
001708 |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
No of years in Business |
Unavailable |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors
Information - No Information on Record
|
Vat Number |
4520198542 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2002/03/01 |
|
Tax Number |
9771083145 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
February |
|
Comment |
|
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
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Managing Member |
HARIKRISH RAMA |
|
|
|
|||
|
2 |
Member |
YOGESH RAMA |
|
|
|
|||
|
2 |
Member |
MAYAN LAL RAMA |
|
Company Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
40 % - HARIKRISH
RAMA |
EM-AAR TRADING CC |
|
|
|
40 % - YOGESH
RAMA |
EM-AAR TRADING CC |
|
|
|
20 % - MAYAN
LAL RAMA |
EM-AAR TRADING CC |
|
|
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
|
Number of Principals |
3 |
|
Average Age of Active
Principals |
63 |
|
Active Principals
Principal - 1of 3 HARIKRISHNA RAMA |
|
|
Surname |
RAMA |
|
First Name |
HARIKRISHNA |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
5601285151056 |
|
Verified ID Number |
Yes |
|
Current Age |
57 Years 7 Months |
|
Designation |
Managing Member |
|
Status |
Active |
|
Appointment Date |
2001/07/26 |
|
Physical Address (at time
of Appointment) |
20 PINE ROAD, ATHLONE,
7764 |
|
Postal Address |
PO BOX 110, RONDEBOSCH,
7700 |
|
Current Tel Number |
0216335616 |
|
Cell number |
0829001890 |
|
Shareholding/Membership |
40% |
Business Information
forHARIKRISHNA RAMA Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
EM-AAR TRADING CC |
B2001/050927/23 |
In Business |
12 Years 1 Months |
0 |
No |
|
|
ESDEE PROPERTIES CC |
B1986/009209/23 |
In Business |
27 Years 3 Months |
0 |
No |
|
|
HM DEALERS |
5601285151056 |
|
Unknown |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal Previous Business
Interest
Average Age of Previous
Business 22 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ASHON PROPERTY
INVESTMENTS (PTY) LTD |
M1989/005210/07 |
Deregistration Final |
24 Years |
0 |
No |
|
|
DOST-MILAN INVESTMENT CC |
B1995/047582/23 |
Deregistration Final |
18 Years 6 Months |
0 |
No |
|
|
KHULAPROP HOLDINGS CC |
B1988/029413/23 |
Deregistration Final |
25 Years 1 Months |
0 |
No |
|
|
SHAANTI INVESTMENTS CC |
B1990/023974/23 |
Deregistration Final |
23 Years 11 Months |
0 |
No |
|
Principal - 2of 3 MAGANLAL
RAMA
|
Surname |
RAMA |
|
First Name |
MAGANLAL |
|
Other Names |
NONE |
|
Marital Status |
|
|
ID Number |
2812205053057 |
|
Verified ID Number |
Yes |
|
Current Age |
84 Years 8 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
2001/07/26 |
|
Physical Address (at time
of Appointment) |
20 PINE ROAD, ATHLONE,
7764 |
|
Postal Address |
20 PINE ROAD, ATHLONE,
7764 |
|
Current Tel Number |
0216335616 |
|
Cell number |
|
|
Shareholding/Membership |
20% |
Business Information forMAGANLAL
RAMA Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
EM-AAR TRADING CC |
B2001/050927/23 |
In Business |
0 |
0 |
No |
|
|
YOGESHARI INVESTMENTS (PTY)
LTD |
M1965/009084/07 |
In Business |
0 |
0 |
No |
|
Principal Previous Business
Interests
Principal's Deeds
Information - No information on record
Average Age of Previous
Business
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
|
Principal - 3of 3 YOGESH
RAMA |
|
|
Surname |
RAMA |
|
First Name |
YOGESH |
|
Other Names |
NONE |
|
Marital Status |
|
|
ID Number |
6407075220054 |
|
Verified ID Number |
Yes |
|
Current Age |
49 Years 1 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
2001/07/26 |
|
Physical Address (at time
of Appointment) |
20 PINE ROAD, ATHLONE,
7764 |
|
Postal Address |
20 PINE ROAD, ATHLONE,
7764 |
|
Current Tel Number |
0216335613 |
|
Cell number |
0829251005 |
|
Shareholding/Membership |
40% |
Business Information
forYOGESH RAMA
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
EM-AAR TRADING CC |
B2001/050927/23 |
In Business |
0 |
0 |
No |
|
Principal Previous Business
Interests
Principal's Deeds
Information - No information on record
Average Age of Previous
Business
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.82 |
|
|
1 |
Rs.92.97 |
|
Euro |
1 |
Rs.80.73 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.