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Report Date : |
27.12.2013 |
IDENTIFICATION DETAILS
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Name : |
GOLDEN CATERING SUPPLIES CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13.11.1989 |
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Com. Reg. No.: |
1989/036821/23 |
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Legal Form : |
Private Company |
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Line of Business : |
Not Available |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
GOLDEN CATERING SUPPLIES CC |
|
Country |
South Africa |
|
Subject Contact Person |
HAROLD NOVICK - Director |
|
Assessment |
This is an established business. On investigation we made contact with HAROLD NOVICK the director, who declined to assist with the required information. Please see the available information on the subject below. In view of the lack of information we are not in a position to suggest any credit dealings. |
|
Registered Name |
GOLDEN CATERING SUPPLIES CC |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
N/A |
|
Registration Number |
1989/036821/23 |
|
Registration Date |
1989/11/13 |
|
Date Commenced Trading |
1989-11-13 |
|
Age of Business |
24 Years 1 Month |
|
History of Business |
The business was established in 1989 |
|
History of Principals |
There are 4 principals within the subject |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Status |
Conversion CO/CC or CC/CO |
|
Major Industry Code / SICC |
0 |
|
Head Office Physical Address |
29 CRUCIBLE ROAD HERRIOTDALE JOHANNESBURG
2093 |
|
Head Office Postal Address |
P O BOX 33407 JEPPESTOWN 2043 |
|
Current Tel Number |
0116262216 |
|
Cell Number |
0825667706 |
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Current Fax Number |
0116263144 |
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Current Email Address |
|
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Web Site Address |
Unavailable |
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Company Registered Name |
GEDEON PETRUS STOLS |
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Postal Address |
P O BOX 4403, VEREENIGING, 1930 |
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Practice Number |
4280 |
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No of years in Business |
Unknown |
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Company Registered Name |
PIERRE VAN DEN ENDE AUDITOR |
|
Postal Address |
P O BOX 25489, UNITAWPARK, |
|
Practice Number |
500269 |
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No of years in Business |
Unknown |
Previous Auditors Information - No Information on Record
|
Vat Number |
4890159710 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1996/03/01 |
|
Tax Number |
9084299842 |
|
Financial Year End |
February |
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 |
HAROLD NOVICK |
|
Company Structure Information - No Information on Record
Note:
One level up and all levels down
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
Principals
|
Number of Principals |
4 |
|
Average Age of Active Principals |
43 |
|
Active
Principals Principal - 1 of 4 KEVIN HEES |
|
|
Surname |
HEES |
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First Name |
KEVIN |
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Other Names |
DARREN |
|
ID Number |
7404205142083 |
|
Verified ID Number |
Yes |
|
Current Age |
39 Years 8 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2013/08/16 |
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Physical Address (at time of Appointment) |
30 ORION STREET KENSINGTON 2094 |
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Postal Address |
30 ORION STREET KENSINGTON 2094 |
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Current Tel Number |
0116165848 |
|
Cell number |
0829265956 |
|
Shareholding/Membership |
0.00 |
Adverse
Information for KEVIN HEES
|
Principal Debt
Review |
|
|
Debt review |
1 |
|
Other |
|
|
Default data |
No Information on Record |
Business Information for KEVIN HEES
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GOLDEN CATERING
SUPPLIES CC |
B1989/036821/23 |
Conversion CO/CC
or CC/CO |
0 |
0 |
No |
|
Principal Deeds Information
Property
Interests for KEVIN HEES
|
Title Deed No. |
ST61397/2001 |
Erf/Site No. |
R/E,1514 |
|
Deeds Office |
JOHANNESBURG |
Physical Address |
2 VERMEULEN EDEN GLEN EDENVALE |
|
Property Type |
Sectional Title |
Extent / Size |
56.0SQM |
|
Purchase Date |
2001/08/01 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
STANDARD BANK OF SOUTH AFRICA L |
|
Bond Number |
SB415362001 |
Bond Amount |
|
Principal - 2 of 4
DONALD NKWANE
|
Surname |
NKWANE |
|
First Name |
DONALD |
|
ID Number |
7602255772085 |
|
Verified ID Number |
Yes |
|
Current Age |
37 Years 10 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2013/08/16 |
|
Physical Address (at time of Appointment) |
37 HATTINGH STREET ELANDSFONTEIN 1429 |
|
Postal Address |
P O BOX 33407 JEPPESTOWN 2043 |
|
Current Tel Number |
0116262216 |
|
Cell number |
0782635939 |
|
Shareholding/Membership |
0.00 |
Adverse
Information for DONALD NKWANE
Principal Debt Review
Debt review 1
Other
Default data No Information on Record
Business Information for
DONALD NKWANE
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GOLDEN CATERING
SUPPLIES CC |
B1989/036821/23 |
Conversion CO/CC
or CC/CO |
0 |
0 |
No |
|
Principal - 3 of 4
HAROLD NOVICK
|
Surname |
NOVICK |
|
First Name |
HAROLD |
|
ID Number |
4406205043008 |
|
Verified ID Number |
Yes |
|
Current Age |
69 Years 6 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2013/08/16 |
|
Physical Address (at time of Appointment) |
18 CHAMONIX STREET BEDFORD GARDENS 2007 |
|
Postal Address |
P O BOX 34407 JEPPESTOWN 2043 |
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Current Tel Number |
0116262216 |
|
Cell number |
0824516275 |
|
Shareholding/Membership |
0.00 |
Principal Judgement
|
Principal Debt
Review |
|
|
Debt review |
0 |
|
Other |
|
|
Default data |
No Information on Record |
Business Information
for HAROLD NOVICK
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
COMPLETE CATERING SUPPLIES CC |
B1994/012525/23 |
In Business |
19 Years 7 Months |
0 |
No |
|
|
GOLDEN CATERING
SUPPLIES CC |
B1989/036821/23 |
Conversion CO/CC or CC/CO |
0 |
0 |
No |
|
|
GOLNOV PROPERTY INVESTMENTS CC |
B1999/069771/23 |
In Business |
14 Years 2 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 0 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MKT MARKETING S A (PTY)LTD |
K2013/078375/07 |
In Business |
|
0 |
No |
|
Principal - 4 of 4
AILEEN SHERMAN
|
Surname |
SHERMAN |
|
First Name |
AILEEN |
|
Other Names |
CHRISTINE |
|
ID Number |
8407180331083 |
|
Verified ID Number |
Yes |
|
Current Age |
29 Years 5 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2013/08/16 |
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Physical Address (at time of Appointment) |
8 COUNTRY VILLAGE COUNTRY VIEW ESTATE BLESBOK STREET MOOIKLOOF 0081 |
|
Postal Address |
8 COUNTRY VILLAGE COUNTRY VIEW ESTATE BLESBOK STREET MOOIKLOOF 0081 |
|
Current Tel Number |
0116262216 |
|
Shareholding/Membership |
0.00 |
Adverse
Information for AILEEN SHERMAN
Principal Debt Review
Debt review 0
Other
Default data No Information on Record
Business Information
for AILEEN SHERMAN
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GOLDEN CATERING
SUPPLIES CC |
B1989/036821/23 |
Conversion CO/CC
or CC/CO |
0 |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.98 |
|
UK Pound |
1 |
Rs.101.49 |
|
Euro |
1 |
Rs.84.79 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.