|
Report Date : |
04.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
AZINAZ TRADING CC |
|
|
|
|
Registered Office : |
Shop 51b, Middestad
Shopping Centre, 251 Andries Street, Pretoria, 0002 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
07.09.2007 |
|
|
|
|
Com. Reg. No.: |
B2007/177166/23 |
|
|
|
|
Legal Form : |
Closed Corporation |
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|
|
|
Line of Business : |
Retail trade in
non-specialised stores mainly food, beverages, tobacco. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. 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. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing 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 |
AZINAZ
TRADING CC |
|
Country |
South
Africa |
|
Subject
Contact Person |
CASSIM -
GENERAL MANAGER |
|
Assessment |
This is
an established business. On investigation contact was made with CASSIM the
General Manager of the subject who assisted with the information. The subject
has been in operation for more than 5 years. The subject is meeting its
commitments timeously with it's suppliers. A bank code C was obtained for an
enquiry amount of R 100 000 over a period of 30 days. No adverse information
was revealed during the investigation. Please see the information obtained
below. |
|
Registered
Name |
AZINAZ
TRADING CC |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
B2007/177166/23 |
|
Registration
Date |
2007/09/07 |
|
Date
Commenced Trading |
September
2007 |
|
Age of
Business |
5 Years
4 Months |
|
History
of Business |
AZINAZ
TRADING CC was registered in September 2007 and operations commenced
immediately. |
|
History
of Principals |
There is
currently one member of the subject. |
|
Shareholders/Members/Partners
of subject and % holding |
100% -
HAJEE ALLI |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R 100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject is involved in the wholesale of perishable food. |
|
Industry/
Customers |
Restaurants
and Grocers |
|
Export |
None |
|
Import |
Yes |
|
Import
Countries |
India |
|
Major
Industry Code / SICC |
62110 |
|
Definition
of Code |
Retail
trade in non-specialised stores mainly food, beverages, tobacco. |
|
Head
Office Physical Address |
SHOP
51B, MIDDESTAD SHOPPING CENTRE, 251 ANDRIES STREET, PRETORIA, 0002 |
|
Head
Office Postal Address |
P.O. BOX
2380, PRETORIA, 0001 |
|
Current
Tel Number |
0126668611 |
|
Cell
Number |
0828257278 |
|
Current
Fax Number |
None |
|
Current Email
Address |
None |
|
Web Site
Address |
None |
|
Comments |
|
|
Company
Registered Name |
A. MOOSA
& CO |
|
Trading
Name |
|
|
Registration
Number |
|
|
Physical
Address |
|
|
Postal
Address |
P. 0.
BOX 14298, LAUDIUM, 0037 |
|
Contact
Person |
|
|
Contact
Number |
|
|
Email |
|
|
Principals |
|
|
Judgements
Against Subject |
|
|
Judgements
Against Principals |
|
|
Subject
Verified as Client |
|
|
Practice
Number |
933090 |
|
VAT
Number |
|
|
Tax
Number |
|
|
BEE
Status |
|
|
Financial
Year End |
|
|
No of
years in Business |
Unknown |
|
Website |
|
|
Comment |
|
Previous Auditors
Information - No Information on Record
|
Vat
Number |
4300245752 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2008/03/01 |
|
Tax
Number |
9654202150 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Comment |
The
concern is BEE excempt |
|
ISO
Status |
|
|
Type of
ISO Grade |
None |
|
ISO
Certificate |
|
|
ISO
Certificate Available |
|
|
Certified
by an Accredited Agent |
|
|
Comment |
|
|
Workman's compensation |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Subsidiaries
|
Subsidiary Company |
None |
|||
|
Shareholding |
|
|||
|
Registration Number |
|
|||
|
Import / Export |
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|||
|
Comment |
|
|||
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Employees |
||||
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Number of Employees |
6 |
|||
|
1. Salaried employees |
6 |
|||
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2. Waged employees |
0 |
|||
|
3. Permanent employees |
6 |
|||
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4. Casual employees |
0 |
|||
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5. Contracted employees |
0 |
|||
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Comment |
|
|||
|
Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Ownerd/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
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|
The Fleet is made up of |
2 |
|||
|
Comment |
|
|||
|
Light delivery Vehicles |
2 |
Owned |
|
|
|
Offices |
Offices |
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|
Head
Office Owned/ Rented |
Owned |
|
|
Rental
Company |
None |
|
|
Owned by |
AZINAZ
TRADING CC |
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
None |
|
|
Lease
Expire Date |
None |
|
|
Type of
Premises |
Offices |
|
|
Comment |
|
|
|
Branch
Information |
||
|
Branches
Names |
Country |
Province |
|
None |
|
|
Branch
Detail Information
|
Branches
Owned/ Rented |
|
|
Rental
Company |
|
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
|
|
Lease
Expire Date |
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|
Type of
Premises |
|
|
Comment |
|
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Managing Member |
HAJEE ALLI |
|
Company
Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100% -
HAJEE ALLI |
AZINAZ
TRADING CC |
|
|
Key Deals
- No Information on Record
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
THE FOOD
FACTORY |
0792805666 |
R0.00 |
0 |
|
|
2 |
VECTOR
LOGISTICS |
0114718500 |
R
200000.00 |
0 |
|
|
3 |
HOXIES |
0314665374 |
R0.00 |
0 |
|
Trade
References Detail
|
Nr |
Age of
Acc |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
2 YEARS |
30 DAYS |
R1000000 |
30 DAYS |
Good
account |
|
2 |
JUNE
2012 |
15 DAYS |
R 42000 |
15 DAYS |
Good
account |
|
3 |
2 YEARS |
30 Days |
R 200000 |
30 Days |
Good
Account - The subject does not have a credit limit. |
Judgements
|
Judgements |
0 |
|
Possible Judgements |
0 |
|
Civil Court |
0 |
|
RDs |
0 |
|
Comment |
No Information on Record |
Business
Rescue
|
Date
registered |
Business
rescue practitioner |
Contact
Information |
Details |
Comment |
|
|
None |
No
Information on Record |
No
Information on Record |
No
Information on Record |
Default
Listings
|
Date |
Details |
Comment |
|
|
None |
No
Information on Record |
|
Notarial
Bonds |
||
|
Date |
Details |
Comment |
|
|
None |
No
Information on Record |
|
Bank |
FIRST
NATIONAL BANK |
|
Branch |
Pretoria |
|
Brach
Code |
250655 |
|
Bank
Account Number |
62153353132 |
|
Type of
Account |
Cheque
Account |
|
Account
Name |
AZINAZ
TRADING CC |
|
Overdraft
Facilities |
The
subject has an overdraft facility secured by personal guarantee |
|
Bank
Code |
C - R
100 000 |
|
Bank
Comment |
The
subject's bankers consider them good for all business normal engagements. |
Bank Code
History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
Financial
Estimates
|
CURRENT
ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
FIXED
ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/
From? |
|
|
Loan
Details |
|
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
R
5000000.00 |
|
Estimated
Current Year Turnover |
R
5000000.00 |
|
Current
Turnover per month |
|
|
Current
Turnover per annum |
|
|
Comment |
|
|
Please
note the following: |
|
|
Turnover
and assets less than R 1,000,000.00 |
The
subject falls within the National Credit Act |
|
Turnover
and assets less than R 2,000,000.00 |
The
subject falls within the Consumer Protection Act |
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
56 |
|
Active
Principals Principal - 1of 1 HAJEE ALLI |
|
|
Surname |
ALLI |
|
First
Name |
HAJEE |
|
Other
Names |
AHMED,
RAHMAD |
|
Marital
Status |
Single |
|
ID
Number |
5711225152088 |
|
Verified
ID Number |
Yes |
|
Current
Age |
56 |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
2007/09/07 |
|
Physical
Address (at time of Appointment) |
FLAT B15
MARIAM MANSIONS, 211 9TH AVENUE, LAUDIUM, GAUTENG, 0037 |
|
Postal
Address |
P.O. BOX
2380, PRETORIA, GAUTENG, 0001 |
|
Current
Tel Number |
0126668611 |
|
Cell
number |
0828257278 |
|
Shareholding/Membership |
100% |
Principal's
Adverse - No information on record
Business
Information forHAJEE ALLI
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
AZINAZ
PROP CC |
B2003/075866/23 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
AZINAZ
TRADING CC |
B2007/177166/23 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
SERVIAAATE
56 CC |
B2011/103336/23 |
In
Business |
2 Years
2 Months |
0 |
No |
|
|
OCEAN
KNIGHT SEA FOODS (PTY)LTD |
K2012/208071/07 |
In
Business |
1 Years
1 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Previous
Business Interests
Average
Age of Previous Business 21
Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
HAYAK
INVESTMENTS CC |
B1992/003807/23 |
Deregistration
Final |
21 Years
9 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.