|
Report Date : |
07.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
GREAT
SHIFT TRADING 42 CC |
|
|
|
|
Registered Office : |
98
Eldo Lakes, Campbell Road, Eldo Lakes, Centurion, 0157 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
23.06.2010 |
|
|
|
|
Com. Reg. No.: |
B2010/092632/23 |
|
|
|
|
Legal Form : |
Close 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 – 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 |
GREAT
SHIFT TRADING 42 CC |
|
Country |
SOUTH
AFRICA |
|
Subject
Contact Person |
ASIM
QASIM |
|
Assessment |
This
is a newly formed business. An email questionnaire was forwarded to ASIM
QASIM. He has stated that he has no credit or potential dealings with any
suppliers in India. The correct legal name of the company is GREAT SHIFT
TRADING 42 CC trading as AIC FOOD CORP, with a company registration number of
2010/092632/23. Due to a lack of information we are unable to recommend any
credit dealings. Please see the information obtained below. |
|
Registered
Name |
GREAT
SHIFT TRADING 42 CC |
|
Trading
as/ Division Name |
AIC
FOOD CORP |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
B2010/092632/23 |
|
Registration
Date |
2010/06/23 |
|
Date
Commenced Trading |
2010-06-23 |
|
Age
of Business |
3
Years 2 Months |
|
History
of Business |
GREAT
SHIFT TRADING 42 CC trading as AIC FOOD CORP was registered in June 2010. |
|
History
of Principals |
There
is 1 active member within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
100
% - EBRAHIM MOOSA SEEDAT |
|
Authorised
Share Capital |
R
0.00 |
|
Issued
Share Capital/Members Contribution |
R
0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
operations of the business could not be confirmed |
|
Industry/
Customers |
Undisclosed |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
9000 |
|
Definition
of Code |
Other
activities not adequately defined. |
|
Head
Office Physical Address |
98
ELDO LAKES, CAMPBELL ROAD, ELDO LAKES, CENTURION, 0157 |
|
Head
Office Postal Address |
PO
BOX 741, PRETORIA, 0001 |
|
Current
Tel Number |
Unavailable |
|
Cell
Number |
0796003555 |
|
Current
Fax Number |
Unavailable |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
LOUISE
BUITENDAG |
|
Trading
Name |
LOUISE
BUITENDAG ACCOUNTANCE |
|
Registration
Number |
SOLE
PROPRIETORSHIP |
|
Physical
Address |
896
BARBARA STREET, THERESA PARK, PRETORIA |
|
Postal
Address |
P.O.
BOX 54397, NINA PARK, 0156 |
|
Contact
Person |
LOUISE
BUITENDAG |
|
Contact
Number |
0125422456 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
No
information found on file |
|
Judgements
Against Principals |
No
information found on file |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
8676 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
February |
|
No
of years in Business |
3
Years 2 Months |
|
Website |
|
|
Comment |
|
Previous
Auditors Information - No Information on Record
Tax
Information - No Information on Record
Black
Economic Empowerment Information - No Information on Record
ISO
Information - No Information on Record
Work
Mans Information - No Information on Record
Company
Structure
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 |
Management
Overview
Organisation
Chart
|
Level |
Position |
Name |
Comment |
1 I Managing Member I EBRAHIM MOOSA SEEDAT
Company
Structure (Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100
% - EBRAHIM MOOSA SEEDAT |
GREAT
SHIFT TRADING 42 CC |
|
|
Key
Deals - No Information on Record
Trade
References Information - No Information on Record
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
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
Principals
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
24 |
|
Active
Principals Principal - 1of 1 EBRAHIM SEEDAT |
|
|
Surname |
SEEDAT |
|
First
Name |
EBRAHIM |
|
Other
Names |
MOOSA |
|
Marital
Status |
|
|
ID
Number |
8906055090088 |
|
Verified
ID Number |
Yes |
|
Current
Age |
24
Years 2 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
2010/06/23 |
|
Physical
Address (at time of Appointment) |
394
KALKHEUWEL STREET, ERASMIA, 0183 |
|
Postal
Address |
394
KALKHEUWEL STREET, ERASMIA, 0183 |
|
Current
Tel Number |
0126764168 |
|
Cell
number |
0729978673 |
|
Shareholding/Membership |
100
% |
Principal's
Adverse - No information on record
Business
Information forEBRAHIM SEEDAT Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
GREAT
SHIFT TRADING 42 CC |
B2010/092632/23 |
In
Business |
3
Years 3 Months |
0 |
No |
|
|
MINT
FRESH TRADING 43 CC |
B2010/092627/23 |
In
Business |
3
Years 3 Months |
0 |
No |
|
|
URIZIMA
86 CC |
B2011/094995/23 |
In
Business |
2
Years 2 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.53 |
|
|
1 |
Rs.94.37 |
|
Euro |
1 |
Rs.81.58 |
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.