MIRA INFORM REPORT

 

 

Report Date :

30.12.2013

 

IDENTIFICATION DETAILS

 

Name :

GAYATRI CANS (PTY)LTD

 

 

Registered Office :

3 Power Street, Germiston, Gauteng, 1401

 

 

Country :

South Africa

 

 

Date of Incorporation :

02.04.1998

 

 

Com. Reg. No.:

1998/006420/07

 

 

Legal Form :

Private Company

 

 

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 :

Undetermined

 

 

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 – 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

GAYATRI CANS PTY LTD

Country

South Africa

Subject Contact Person

EUNICE - Receptionist

Assessment

This is a well-established business.

 

On investigation we made contact with EUNICE who stated that the company is closed for the festive season and will commence trading once more in January 2014. We will re-investigate in January 2014.

 

Please see the available information on the subject below.

 

 

Company information

 

Registered Name

GAYATRI CANS (PTY)LTD

Trading as/ Division Name

None

Previous Name

None

Date of Name Change

None

Registration Number

1998/006420/07

Registration Date

1998/04/02

Date Commenced Trading

1998-04-02

Age of Business

15 Years 8 Months

History of Business

The subject commenced trading as a new company in 1998.

History of Principals

There are 4 active directors within the company.

Shareholders/Members/Partners of subject and % holding

Unavailable

Status

In Business

Operations Assessment

Unavailable

Industry/ Customers

Unavailable

Export

Unknown

Import

Unknown

Major Industry Code / SICC

9000

Definition of Code

Other activities not adequately defined.

Head Office Physical Address

3 Power Street, Germiston, GAUTENG, 1401

Head Office Postal Address

P O BOX 42123, FORDSBURG, 2033

Current Tel Number

0113231900

Cell Number

Unavailable

Current Fax Number

Unavailable

Current Email Address

Unavailable

Web Site Address

Unavailable

 


Auditors information

 

Company Registered Name

D K MOTIRAM AND COMPANY

Trading Name

Unavailable

Registration Number

Unavailable

Physical Address

2nd Floor Central House, 70 Central Avenue, Mayfair, Johannesburg, 2092

Postal Address

P O BOX 42123, FORDSBURG, 2033

Contact Person

PARESH PAPEL

Contact Number

0118391993

Email

mail@dkmotoram.co.za

Judgements Against Subject

Unavailable

Judgements Against Principals

Unavailable

Subject Verified as Client

Yes

Practice Number

932345

VAT Number

Unavailable

Tax Number

Unavailable

BEE Status

Unavailable

Financial Year End

Unavailable

No of years in Business

5 Years 1 Months

Website

www.dkmotiram.co.za

 

Previous Auditors Information - No Information on Record

 

 

Tax information

 

Vat Number

4030197596

Status

ACTIVE

Vat Liable Date

2001/01/29

Tax Number

9398282849

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

 


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

Director

KISHOR BHOOLA CHHITA

 

 

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

 

 

Adverse Information on Subject

 

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

58

 

Active Principals Principal - 1 of 4 KISHOR CHEETA

Surname

CHEETA

First Name

KISHOR

ID Number

5308065760086

Verified ID Number

Yes

Current Age

60 Years 4 Months

Designation

Director

Status

Active

Appointment Date

1998/04/07

Physical Address (at time of Appointment)

UNIT 25GAYATRI ESTATE 25 HELDERBEG AVENUE EXENSION 6 GLENVISA 2000

Postal Address

P O BOX 2724 JOHANNESBURG 2000

Current Tel Number

0113231900

Cell number

0825518907

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for KISHOR CHEETA

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AFRI-MOULD (PTY)LTD

M2000/031631/07

In Business

13 Years 1 Months

0

No

 

E H WALTON

PACKAGING

(PTY)LTD

M1988/001171/07

In Business

25 Years 1 Months

1

No

 

GAYATRI CANS (PTY)LTD

M1998/006420/07

In Business

15 Years 3 Months

0

No

 

GAYATRI PAPER MILLS (GAUTENG) (PTY)LTD

M1998/001497/07

In Business

15 Years 3 Months

0

No

 

GAYATRI PAPER MILLS (PTY)LTD

M2003/018242/07

In Business

10 Years 10 Months

0

No

 

GAYATRI

PROPERTY

HOLDINGS

(WESTSIDE)

(PTY)LTD

M2000/014690/07

In Business

13 Years 1 Months

0

No

 

GOLDEN ERA PRINTERS AND STATIONERS BOPS (PTY)LTD

M1985/070423/07

In Business

28 Years 4 Months

0

No

 

MOGWELE WASTE (PTY)LTD

M1990/001260/07

In Business

23 Years 11 Months

0

No

 

MOPANI LOGISTICS (PTY)LTD

M1985/070427/07

In Business

28 Years 4 Months

1

No

 

NEW ERA LABELS (BOP) (PTY)LTD

M1993/070344/07

In Business

20 Years 8 Months

0

No

 

NEW ERA PACKAGING BOPS (PTY)LTD

M1985/070426/07

In Business

28 Years 4 Months

0

No

 

PYBUS THIRTY-FOUR (PTY)LTD

M1998/007287/07

In Business

15 Years 3 Months

0

No

 

SECOND STREET MALL (PTY)LTD

M1987/006351/07

In Business

26 Years 2 Months

0

No

 

UNITY PAPER SALES (PTY)LTD

M1989/002169/07

In Business

0

1

No

 

WAXPAK (PTY)LTD

M1995/008034/07

Deregistration Process

18 Years 6 Months

0

No

 

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                       24 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

GAYATRI PROPERTY HOLDINGS (PTY)LTD

M2005/021435/07

In Business

8 Years 8 Months

0

No

 

GOLDEN ERA PRINTERS AND STATIONERS (PTY)LTD

M1955/003506/07

Deregistration Final

58 Years 10 Months

0

No

 

KILLPROP INVESTMENTS CC

B1997/002916/23

Conversion CO/CC or CC/CO

16 Years 4 Months

0

No

 

LAXMI TRUST AND INVESTMENT COMPANY (PTY)LTD

M1968/011084/07

In Business

45 Years 9 Months

0

No

 

NEW ERA P P SACKS (BOP) (PTY)LTD

M1993/070343/07

In Business

20 Years 8 Months

0

No

 

NEW ERA PAPER BAGS MANUFACTURERS BOPS (PTY)LTD

M1985/070425/07

Deregistration Final

28 Years 4 Months

0

No

 

NU-LAXMI

INVESTMENTS

(PTY)LTD

M1990/005582/07

In Business

23 Years 11 Months

0

No

 

NU-LAXMI LEASING (PTY)LTD

M1971/014194/07

In Business

42 Years 6 Months

0

No

 

NU-LAXMI

SELECTIONS (PTY)LTD

M1953/000337/07

In Business

 

0

No

 

PRETORIUS STREET CHICKENS (PTY)LTD

M1997/012267/07

Deregistration Final

16 Years 4 Months

0

No

 

THE LAXMI GROUP LTD

M1998/018595/06

In Business

15 Years 3 Months

0

No

 

 

Principal - 2 of 4 RAJARDRA CHHITA

 

Surname

CHHITA

First Name

RAJARDRA

ID Number

5003115621087

Verified ID Number

Yes

Current Age

63 Years 9 Months

Designation

Director

Status

Active

Appointment Date

1998/04/07

Physical Address (at time of Appointment)

UNIT 24 GAYATRI ESTATE GLENVISTA JOHANNESBURG 2000

Postal Address

P O BOX 1631 MOGWASE 0314

Current Tel Number

0145582480

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for RAJARDRA CHHITA

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

E H WALTON

PACKAGING

(PTY)LTD

M1988/001171/07

In Business

25 Years 1 Months

1

No

 

GAYATRI CANS (PTY)LTD

M1998/006420/07

In Business

15 Years 3 Months

0

No

 

GAYATRI PAPER MILLS (GAUTENG) (PTY)LTD

M1998/001497/07

In Business

15 Years 3 Months

0

No

 

GAYATRI PAPER MILLS (PTY)LTD

M2003/018242/07

In Business

10 Years 10 Months

0

No

 

GAYATRI

PROPERTY

HOLDINGS

(WESTSIDE)

(PTY)LTD

M2000/014690/07

In Business

13 Years 1 Months

0

No

 

GOLDEN ERA PRINTERS AND STATIONERS BOPS (PTY)LTD

M1985/070423/07

In Business

28 Years 4 Months

0

No

 

MOGWELE WASTE (PTY)LTD

M1990/001260/07

In Business

23 Years 11 Months

0

No

 

MOPANI LOGISTICS (PTY)LTD

M1985/070427/07

In Business

28 Years 4 Months

1

No

 

NEW ERA LABELS (BOP) (PTY)LTD

M1993/070344/07

In Business

20 Years 8 Months

0

No

 

NEW ERA PACKAGING BOPS (PTY)LTD

M1985/070426/07

In Business

28 Years 4 Months

0

No

 

PLATINUM BAKE CC

B2008/182848/23

In Business

5 Years 5 Months

0

No

 

UNITY PAPER SALES (PTY)LTD

M1989/002169/07

In Business

0

1

No

 

WAXPAK (PTY)LTD

M1995/008034/07

Deregistration Process

18 Years 6 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                       28 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

GAYATRI PROPERTY HOLDINGS (PTY)LTD

M2005/021435/07

In Business

8 Years 8 Months

0

No

 

GOLDEN ERA PRINTERS AND STATIONERS (PTY)LTD

M1955/003506/07

Deregistration Final

58 Years 10 Months

0

No

 

NEW ERA P P SACKS (BOP) (PTY)LTD

M1993/070343/07

In Business

20 Years 8 Months

0

No

 

NEW ERA PAPER BAGS MANUFACTURERS BOPS (PTY)LTD

M1985/070425/07

Deregistration Final

28 Years 4 Months

0

No

 

 

 

Principal Deeds Information

 

Property Interests for RAJARDRA CHHITA

Title Deed No.

T46590/2004

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

29 EAGLES CASHAN RUSTENBURG

Property Type

Freehold

Extent / Size

1507.0SQM

Purchase Date

2003/03/20

Purchase price

 

% Ownership

0.00

Bond Holder

 

Comment

 

Property Interests for RAJARDRA CHHITA

Title Deed No.

T46589/2004

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

31 EAGLES CASHAN RUSTENBURG

Property Type

Freehold

Extent / Size

1484.0SQM

Purchase Date

2003/03/20

Purchase price

 

% Ownership

0.00

Bond Holder

 

Property Interests for RAJARDRA CHHITA

Title Deed No.

T55957/2004

Erf/Site No.

 

Deeds Office

CAPE TOWN

Physical Address

BOSCHENMEER GOLF ESTATE PAARL

Property Type

Freehold

Extent / Size

254.0SQM

Purchase Date

2003/04/08

Purchase price

 

% Ownership

0.00

Bond Holder

 

 

Principal - 3 of 4 ISHWAR GOVAN

 

Surname

GOVAN

First Name

ISHWAR

ID Number

4701055200058

Verified ID Number

Yes

Current Age

66 Years 11 Months

Designation

Director

Status

Active

Appointment Date

1998/04/07

Physical Address (at time of Appointment)

UNIT 7 GAYATRI ESTATE GLENVISTA JOHANNESBURG 2000

Postal Address

P O BOX 2724 JOHANNESBURG 2000

Current Tel Number

0113231900

Cell number

0825743277

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for ISHWAR GOVAN

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

E H WALTON

PACKAGING

(PTY)LTD

M1988/001171/07

In Business

25 Years 1 Months

1

No

 

GAYATRI CANS (PTY)LTD

M1998/006420/07

In Business

15 Years 3 Months

0

No

 

GAYATRI NAGAR HOME OWNERS ASSOCIATION

M1993/006434/08

In Business

20 Years 8 Months

0

No

 

GAYATRI PAPER MILLS (GAUTENG) (PTY)LTD

M1998/001497/07

In Business

15 Years 3 Months

0

No

 

GAYATRI PAPER MILLS (PTY)LTD

M2003/018242/07

In Business

10 Years 10 Months

0

No

 

GAYATRI

PROPERTY

HOLDINGS

(WESTSIDE)

(PTY)LTD

M2000/014690/07

In Business

13 Years 1 Months

0

No

 

GOLDEN ERA PRINTERS AND STATIONERS BOPS (PTY)LTD

M1985/070423/07

In Business

28 Years 4 Months

0

No

 

MOGWELE WASTE (PTY)LTD

M1990/001260/07

In Business

23 Years 11 Months

0

No

 

MOPANI LOGISTICS (PTY)LTD

M1985/070427/07

In Business

28 Years 4 Months

1

No

 

NEW ERA LABELS (BOP) (PTY)LTD

M1993/070344/07

In Business

20 Years 8 Months

0

No

 

NEW ERA PACKAGING BOPS (PTY)LTD

M1985/070426/07

In Business

28 Years 4 Months

0

No

 

SECOND STREET MALL (PTY)LTD

M1987/006351/07

In Business

26 Years 2 Months

0

No

 

UNITY PAPER SALES (PTY)LTD

M1989/002169/07

In Business

0

1

No

 

WAXPAK (PTY)LTD

M1995/008034/07

Deregistration Process

18 Years 6 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                                               23 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

GAYATRI PROPERTY HOLDINGS (PTY)LTD

M2005/021435/07

In Business

8 Years 8 Months

0

No

 

GOLDEN ERA PRINTERS AND STATIONERS (PTY)LTD

M1955/003506/07

Deregistration Final

58 Years 10 Months

0

No

 

INJ INVESTMENTS CC

B2007/148586/23

Deregistration Final

6 Years 6 Months

0

No

 

LONGTRON PROPERTIES CC

B1992/029100/23

Deregistration Final

21 Years 9 Months

0

No

 

NEW ERA P P SACKS (BOP) (PTY)LTD

M1993/070343/07

In Business

20 Years 8 Months

0

No

 

NEW ERA PAPER BAGS MANUFACTURERS BOPS (PTY)LTD

M1985/070425/07

Deregistration Final

28 Years 4 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for ISHWAR GOVAN

 

Title Deed No.

TG120997/2003

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

MOGWASE UNIT 4 MOSES KOTANE RURAL

Property Type

Freehold

Extent / Size

1363.0SQM

Purchase Date

2002/11/28

Purchase price

 

% Ownership

0.00

Bond Holder

 

 

Principal - 4 of 4 BHADRESH RAMA

 

Surname

RAMA

First Name

BHADRESH

ID Number

7005235150085

Verified ID Number

Yes

Current Age

43 Years 7 Months

Designation

Director

Status

Active

Appointment Date

1998/04/07

Physical Address (at time of Appointment)

UNIT 15 GAYATRI ESTATE GLENVISTA JOHANNESBURG 2000

Postal Address

P.O.BOX 2724JOHANNESBURG 2000

Current Tel Number

0118527118

Cell number

0825540971

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for BHADRESH RAMA

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

E H WALTON

PACKAGING

(PTY)LTD

M1988/001171/07

In Business

25 Years 1 Months

1

No

 

GAYATRI CANS (PTY)LTD

M1998/006420/07

In Business

15 Years 3 Months

0

No

 

GAYATRI PAPER MILLS (GAUTENG) (PTY)LTD

M1998/001497/07

In Business

15 Years 3 Months

0

No

 

GAYATRI PAPER MILLS (PTY)LTD

M2003/018242/07

In Business

10 Years 10 Months

0

No

 

GAYATRI

PROPERTY

HOLDINGS

(WESTSIDE)

(PTY)LTD

M2000/014690/07

In Business

13 Years 1 Months

0

No

 

GOLDEN ERA PRINTERS AND STATIONERS BOPS (PTY)LTD

M1985/070423/07

In Business

28 Years 4 Months

0

No

 

MOGWELE WASTE (PTY)LTD

M1990/001260/07

In Business

23 Years 11 Months

0

No

 

MOPANI LOGISTICS (PTY)LTD

M1985/070427/07

In Business

28 Years 4 Months

1

No

 

NEW ERA LABELS (BOP) (PTY)LTD

M1993/070344/07

In Business

20 Years 8 Months

0

No

 

NEW ERA

PACKAGING

(PTY)LTD

M1984/004698/07

In Business

29 Years 5 Months

0

No

 

NEW ERA PACKAGING BOPS (PTY)LTD

M1985/070426/07

In Business

28 Years 4 Months

0

No

 

SECOND STREET MALL (PTY)LTD

M1987/006351/07

In Business

26 Years 2 Months

0

No

 

UNITY PAPER SALES (PTY)LTD

M1989/002169/07

In Business

0

1

No

 

WAXPAK (PTY)LTD

M1995/008034/07

Deregistration Process

18 Years 6 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                           27 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

GAYATRI PROPERTY HOLDINGS (PTY)LTD

M2005/021435/07

In Business

8 Years 8 Months

0

No

 

GOLDEN ERA PRINTERS AND STATIONERS (PTY)LTD

M1955/003506/07

Deregistration Final

58 Years 10 Months

0

No

 

LONGTRON PROPERTIES CC

B1992/029100/23

Deregistration Final

21 Years 9 Months

0

No

 

NEW ERA P P SACKS (BOP) (PTY)LTD

M1993/070343/07

In Business

20 Years 8 Months

0

No

 

NEW ERA PAPER BAGS MANUFACTURERS BOPS (PTY)LTD

M1985/070425/07

Deregistration Final

28 Years 4 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for BHADRESH RAMA

 

 

Title Deed No.

T129060/2005

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

4 HILLTOP CASHAN RUSTENBURG

Property Type

Freehold

Extent / Size

1176.0H

Purchase Date

2003/03/20

Purchase price

 

% Ownership

0.00

Bond Holder

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.06

UK Pound

1

Rs.102.03

Euro

1

Rs.85.27

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.