|
Report Date : |
17.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHAN'S GLOBAL TRADING HOUSE (PTY)LTD |
|
|
|
|
Formerly Known As : |
SHAN'S GLOBAL TRADING HOUSE CC |
|
|
|
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Registered Office : |
Cnr Hooker Street & Kaolin Avenue, Chloorkop, 1689 |
|
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|
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Country : |
South Africa |
|
|
|
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Date of Incorporation : |
26.05.2006 |
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|
|
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Com. Reg. No.: |
2012/114013/07 |
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|
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Legal Form : |
Private Company |
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|
|
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Line of Business : |
The company is involved in the import and export of goods. |
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|
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|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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.
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 |
SHAN'S GLOBAL TRADING HOUSE (PTY) LTD |
|
Country |
SOUTH AFRICA |
|
Subject Contact Person |
MARLIN PILLAY - Director |
|
Assessment |
This is an established business. On investigation contact
was made with the director MARLIN PILLAY who declined to assist with all of
the required information. The company has been in business for 7 Years 3
Months. A default was revealed against a director of the company. Financial
information, company structure and trade references were not made available
as the identity of the principal enquirer was required. Please see the information
obtained below. |
|
Registered Name |
SHAN'S GLOBAL TRADING HOUSE (PTY)LTD |
|
Trading as/ Division Name |
SHANS |
|
Previous Name |
SHAN'S GLOBAL TRADING HOUSE CC |
|
Date of Name Change |
2012-03-13 |
|
Registration Number |
2012/114013/07 |
|
Registration Date |
2006/05/26 |
|
Date Commenced Trading |
2006-05-26 |
|
Age of Business |
7 Years 3 Months |
|
History of Business |
SHAN'S GLOBAL TRADING HOUSE (PTY)LTD was registered in May
2006 and later converted from a close corporation styled SHAN'S GLOBAL
TRADING HOUSE CC [B2006/084481/23] to a private company. |
|
History of Principals |
There are three active directors within the company. |
|
Shareholders/Members/Partners of subject and % holding |
17.50 % - MARLIN PILLAY, 57.50 % - BALARAM PILLAY, 25.00 %
- GONALUTCHMEE PILLAY |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
|
Status |
In Business |
|
Operations Assessment |
The company is involved in the import and export of goods. |
|
Industry/ Customers |
Declined |
|
Export |
Yes |
|
Export Countries |
|
|
Import |
Yes |
|
Import Countries |
|
|
Major Industry Code / SICC |
61901 |
|
Definition of Code |
General wholesale trade |
|
Head Office Physical Address |
CNR HOOKER STREET & KAOLIN AVENUE, CHLOORKOP, 1689 |
|
Head Office Postal Address |
P O BOX 2543, SUNNINGHILL, 2157 |
|
Current Tel Number |
0113931141 /2 /3 |
|
Cell Number |
0833596179 |
|
Current Fax Number |
0113937151 |
|
Current Email Address |
|
|
Web Site Address |
|
|
Comments |
|
Auditors
Information - No Information on Record Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
D MORDECAI AND CO |
|
Unknown |
|
|
Vat Number |
4130230628 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2006/07/01 |
|
Tax Number |
9341898154 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
No |
|
Score |
9.00 |
|
Expire Date |
|
|
BEE Certificate Available |
No |
|
Comment |
|
|
|
|
|
ISO
Information - No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
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 I Managing Director I BALARAM
2 Director MARLIN
PILLAY
3 Director GONALUTCHMEE
PILLAY
Key Deals
- No Information on Record
Company
Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
17.50 % - MARLIN PILLAY |
SHAN'S GLOBAL TRADING HOUSE (PTY) LTD |
|
|
|
57.50 % - BALARAM PILLAY |
SHAN'S GLOBAL TRADING HOUSE (PTY) LTD |
|
|
|
25.00 % -GONALUTCHMEE PILLAY |
SHAN'S GLOBAL TRADING HOUSE (PTY) LTD |
|
|
Trade
References Information - No Information on Record
Adverse
Information on Subject
Judgements
Judgements None
Possible Judgements None
Civil Court 0
RDs 0
Comment No
Information on Record
Business
Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
Comment |
|
|
There is no information found on file |
No Information on Record |
No Information on Record |
No Information on Record |
Default
Listings
|
Date |
Details |
Comment |
|
|
There is no information found on file |
No Information on Record |
|
Notarial
Bonds |
||
|
Date |
Details |
Comment |
|
|
There is no information found on file |
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
Property
Interests for CompanySHAN'S GLOBAL TRADING HOUSE (PTY) LTD
|
Title Deed No. |
T74166/2011 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
13 KAOLIN BONAERO PARK KEMPTON PARK |
|
Property Type |
Freehold |
Extent / Size |
1293.0SQM |
|
Purchase Date |
2011/08/26 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
|
|
|||
|
Title Deed No. |
T74166/2011 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
13 KAOLIN BONAERO PARK KEMPTON PARK |
|
Property Type |
Freehold |
Extent / Size |
1293.0SQM |
|
Purchase Date |
2011/08/26 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
Principals
|
Number of Principals |
3 |
|
Average Age of Active Principals |
33 |
|
Active
Principals Principal - 1of 3 MARLIN PILLAY |
|
|
Surname |
PILLAY |
|
First Name |
MARLIN |
|
Other Names |
None |
|
Marital Status |
Divorced |
|
ID Number |
8209155065088 |
|
Verified ID Number |
Yes |
|
Current Age |
30 Years 11 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2012/02/24 |
|
Physical Address (at time of Appointment) |
42 TURKANA COMPLEX, NKURU ROAD, SUNNINGHILL, 2157 |
|
Postal Address |
PO BOX 2543, SUNNINGHILL, 2157 |
|
Current Tel Number |
0113931141 |
|
Cell number |
0846777001 |
|
Shareholding/Membership |
17.50 % |
Adverse
Information forMARLIN PILLAY Principal Judgement
Number of Judgements
Principal
Debt Review
Debt review No
Information on Record
Other
Default data 12
Business
Information forMARLIN PILLAY
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SHAN''S GLOBAL TRADING HOUSE CC |
B2006/084481/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
Principal
Previous Business Interest
Principal's
Deeds Information - No information on record
Principal
- 2of 3
GONALUTCHMEE
PILLAY
|
Surname |
PILLAY |
|
First Name |
GONALUTCHMEE |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
8009220082088 |
|
Verified ID Number |
Yes |
|
Current Age |
32 Years 11 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2012/02/24 |
|
Physical Address (at time of Appointment) |
71 KYALAMI GLEN, 3 CRANE ROAD, KYALAMI, 1687 |
|
Postal Address |
PO BOX 13792, VORNA VALLEY, 1686 |
|
Current Tel Number |
0112867259 |
|
Cell number |
0825567141 |
|
Shareholding/Membership |
25 % |
Adverse
Information forGONALUTCHMEE PILLAY
Principal
Judgement
Number of Judgements
Principal
Debt Review
Debt review
Other
Default data I
Business
Information forGONALUTCHMEE PILLAY
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SHAN''S GLOBAL TRADING HOUSE CC |
B2006/084481/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 3of 3
BALARAM
PILLAY
|
Surname |
PILLAY |
|
First Name |
BALARAM |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7603165179080 |
|
Verified ID Number |
Yes |
|
Current Age |
37 Years 5 Months |
|
Designation |
Managing Director |
|
Status |
Active |
|
Appointment Date |
2006/09/14 |
|
Physical Address (at time of Appointment) |
71 KYALAMI GLEN, 3 CRANE ROAD, KYALAMI, 1687 |
|
Postal Address |
P O BOX 13792, VORNA VALLEY, 1686 |
|
Current Tel Number |
0112367484 |
|
Cell number |
0738765517 |
|
Shareholding/Membership |
57.50 % |
Adverse
Information forBALARAM PILLAY Principal Judgement
Number of Judgements
Principal
Debt Review
Debt review
Other
Default data I
Business
Information forBALARAM PILLAY
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
INGWENYA WASTE (PTY)LTD |
M2007/012993/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
power
metal recyclers (wadeville) (pty)ltd |
M2007/012989/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
POWER METAL RECYCLERS WYNBERG (PTY)LTD |
M2002/013100/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
SHAN''S GLOBAL TRADING HOUSE CC |
B2006/084481/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
SHAN''S METAL BROKERS (PTY)LTD |
M2007/006922/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
Principal
Previous Business Interests
Average Age of Previous Business 11
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SHAN''S TRANSPORT AND LOGISTICS AGENCY CC |
B2002/027377/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.82 |
|
|
1 |
Rs.96.57 |
|
Euro |
1 |
Rs.82.45 |
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.