|
Report Date : |
20.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
NAVADA CLOTHING MANUFACTURERS (PTY) LTD |
|
|
|
|
Registered Office : |
9-15 Guy Gibson Avenue Aeroton
Johannesburg P O Box 42360, Fordsburg, 2033 |
|
|
|
|
Country : |
South Africa |
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|
|
|
Date of Incorporation : |
04.05.1995 |
|
|
|
|
Com. Reg. No.: |
M1995/003836/07 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of men's and boys'
clothing |
|
|
|
|
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 : |
Slow but correct |
|
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 |
NAVADA CLOTHING
MANUFACTURERS (PTY)LTD |
|
Country |
South
Africa |
|
Requested
Credit Limit |
|
|
Enquiry
Terms |
30 Days |
|
Account
Review |
Recommended
Every 6 Months |
|
Subject
Contact Person |
SANJAY
NANA-Director |
|
Assessment |
On investigation
we made contact with SANJAY NANA the director who declined to assist with any
information on the subject.MR NANA requested to know the name of the
principal enquirer before he will divulge any information. Please see the
available information on the subject below. |
|
Registered
Name |
NAVADA
CLOTHING MANUFACTURERS (PTY)LTD |
|
Trading
as/ Division Name |
NAVADA
CLOTHING MANUFACTURERS |
|
Previous
Name |
Unavailable |
|
Date of
Name Change |
May 4
1995 12:00AM |
|
Registration
Number |
M1995/003836/07 |
|
Registration
Date |
1995/05/04 |
|
Date
Commenced Trading |
1995-05-04 |
|
Age of
Business |
18 Years
7 Months |
|
History
of Business |
The
subject was established in 1995 |
|
History
of Principals |
There are
2 directors within the subject |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
The subjects
mian operation is to manufacture clothing |
|
Industry/
Customers |
All
major retailers |
|
Export |
Yes |
|
Export
Countries |
|
|
Import |
None |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
31401 |
|
Definition
of Code |
Manufacture
of men's and boys' clothing |
|
Head
Office Physical Address |
9-15 Guy
Gibson Avenue AEROTON JOHANNESBURG |
|
Head
Office Postal Address |
P O BOX
42360, FORDSBURG, 2033 |
|
Current
Tel Number |
0114943470 |
|
Cell
Number |
0824475442 |
|
Current
Fax Number |
0114943017 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
JCB
JHBINCORPORATED |
|
Postal
Address |
P O BOX
2152, PARKLANDS, 2121 |
|
Practice
Number |
913952E |
|
No of
years in Business |
3 Years
1 Months |
|
Company
Registered Name |
SEEDAT
AND COMPANY CA(SA) |
|
Postal
Address |
PO BOX
42116, FORDSBURG, 2033 |
|
No of
years in Business |
20 Years
4 Months |
Previous Auditors
Information - No Information on Record
|
Vat
Number |
4370103162 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9428088844 |
|
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 |
Director |
SANJAY
NANA |
|
|
|
|||
|
1 |
Director |
ISHWANLAL
NANA |
|
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 |
60 |
Active Principals
Principal - 1 of 2 SANJAY
NANA
|
Surname |
NANA |
|
First
Name |
SANJAY |
|
Other
Names |
NONE |
|
Marital
Status |
|
|
ID
Number |
6502155109084 |
|
Verified
ID Number |
Yes |
|
Current
Age |
48 Years
10 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1999/12/01 |
|
Physical
Address (at time of Appointment) |
1975
COSMOS STREET, LENASIA SOUTH, 1820 |
|
Postal Address |
P O BOX
90970, BERTSHAM, JOHANNESBURG, 2013 |
|
Current
Tel Number |
0117945175 |
|
Cell
number |
0824475442 |
|
Shareholding/Membership |
0.00 |
Business Information for
SANJAY NANA
Principal Current
Business Interests
|
Company Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
DAVISH
(PTY)LTD |
M1984/004753/07 |
In
Business |
29 Years
5 Months |
0 |
No |
|
|
NAVADA
CLOTHING MANUFACTURERS (PTY)LTD |
M1995/003836/07 |
In
Business |
18 Years
6 Months |
0 |
No |
|
Principal Previous
Business Interests
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
RASHNI
INVESTMENTS (PTY)LTD |
M1998/008254/07 |
Deregistration
Final |
15
Years 3 Months |
0 |
No |
|
|
SERRANO WHOLESALERS AND DISTRIBUTORS (PTY)LTD |
M1993/001903/07 |
Deregistration
Final |
20 Years 8 Months |
0 |
No |
|
|
SHANANDI INVESTMENTS (PTY)LTD |
M1986/005181/07 |
Deregistration
Final |
27 Years 3 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 2 of 2
ISHWANLAL NANA
|
Surname |
NANA |
|
First
Name |
ISHWANLAL |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
4103305032052 |
|
Verified
ID Number |
Yes |
|
Current
Age |
72 Years
9 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1995/05/04 |
|
Physical
Address (at time of Appointment) |
1975
COSMOS STREET, LENASIA SOUTH, 1820 |
|
Postal
Address |
PO BOX
90970, BERTSHAM, 2013 |
|
Current
Tel Number |
0114943470 |
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Business Information for
ISHWANLAL NANA
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
|
DAVISH
(PTY)LTD |
M1984/004753/07 |
In
Business |
29 Years
5 Months |
0 |
No |
|
NAVADA
CLOTHING MANUFACTURERS (PTY)LTD |
M1995/003836/07 |
In
Business |
18 Years
6 Months |
0 |
No |
Principal Previous
Business Interests
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
MILDAC
PROPERTIES CC |
B1988/035205/23 |
Deregistration
Final |
25 Years 1 Months |
0 |
No |
|
SHANANDI INVESTMENTS (PTY)LTD |
M1986/005181/07 |
Deregistration
Final |
27 Years 3 Months |
0 |
No |
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.38 |
|
|
1 |
Rs.102.15 |
|
Euro |
1 |
Rs.85.29 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.