|
Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOLDEE TRADING 346 CC |
|
|
|
|
Registered Office : |
24 Bessemer Street,Unit
20 Industrial Estate, Amalgam, JOHANNESBURG |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
07.03.2006 |
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|
|
|
Com. Reg. No.: |
2006/034599/23 |
|
|
|
|
Legal Form : |
Closed Corporation |
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|
|
|
Line of Business : |
Wholesale trade in
textiles, clothing and footwear |
|
|
|
|
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 |
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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 – 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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
GOLDEE
TRADING 346 CC |
|
Country |
South
Africa |
|
Subject
Contact Person |
SAAAARTH
SHAH - Managing Member |
|
Assessment |
This is
an established business. On investigation contact was made with the Managing Member
MR. SAMARTH SHAH who assisted with some of the information for the subject.
MR. SHAH however requested that we send him a questionnaire before he may
divulge any further information. We await further information on the subject.
Please see the available information on the subject below. |
|
Registered
Name |
GOLDEE
TRADING 346 CC |
|
Trading
as/ Division Name |
GOLDEE
TRADING 346 |
|
Registration
Number |
2006/034599/23 |
|
Registration
Date |
2006/03/07 |
|
Date Commenced
Trading |
2006-03-07 |
|
Age of
Business |
6 Years
11 Months |
|
History
of Business |
The
subject was established as a new business in 2006 and operations commenced
immediately. |
|
History
of Principals |
There is
currently 1 active member within the subject. |
|
Shareholders/Members/Partners
of subject and % holding |
100% -
SAMARTH SHAH |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject imports and wholesales textiles |
|
Industry/
Customers |
All
Major Retailers and the Edcon Group |
|
Export |
Yes |
|
Import |
Yes |
|
Major
Industry Code / SICC |
61310 |
|
Definition
of Code |
Wholesale
trade in textiles, clothing and footwear |
|
Head
Office Physical Address |
24
Bessemer Street,Unit 20 Industrial Estate, Amalgam, JOHANNESBURG |
|
Head
Office Postal Address |
PO Box
1161, CROWNMINES, 2025 |
|
Current
Tel Number |
0155165087 |
|
Current Email
Address |
|
Company
Registered Name |
PRICE
WATERHOUSECOOPERS INC |
|
Trading
Name |
PWC |
|
Registration
Number |
1998/012055/21 |
|
Physical
Address |
2 EGLIN
ROAD, SUNNINGHILL, 2157 |
|
Postal
Address |
PRIVATE
BAG X36, SUNNINGHILL, 2157 |
|
Contact
Person |
MARTIN |
|
Contact
Number |
0117974000 |
|
Email |
|
|
Principals |
248 |
|
Judgements
Against Subject |
|
|
Judgements
Against Principals |
|
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
919438E |
|
VAT
Number |
4950174682 |
|
Tax
Number |
9343032844 |
|
BEE
Status |
|
|
Financial
Year End |
June |
|
No of
years in Business |
Unknown |
|
Website |
|
|
Comment |
|
Previous Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
N VAN
STRATEN |
|
Unknown |
|
|
ACT
SOLUTIONS PTA INC |
|
Unknown |
|
|
Vat
Number |
4160230365 |
|
Status |
ACTIVE |
|
Vat Liable
Date |
2006/09/01 |
|
Tax
Number |
9531699156 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
3.00 |
|
Expire
Date |
Oct 9 2013 |
|
BEE
Certificate Available |
No |
|
Comment |
|
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 Branch
Information
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Managing
Member |
SAMARTH
SHAH |
|
Company Structure
(Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100% - SAMARTH SHAH |
GOLDEE
TRADING 346 CC |
|
|
Key Deals - No Information on Record
Trade References
Information - No Information on Record
Judgement - - No
Information on Record
BusinessResure - 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
Financial Estimates
|
CURRENT
ASSETS |
R
7000000.00 |
|
Stock |
R
4200000.00 |
|
Debtors |
R
300000.00 |
|
FIXED
ASSETS |
R1000000.00 |
|
Plant,
Equipment, Vehicles |
R1200000.00 |
|
Property |
|
|
CURRENT
LIABILITIES |
R
5000000.00 |
|
Creditors |
R
4800000.00 |
|
Loans/
From? |
|
|
Loan
Details |
|
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
R10000000.00 |
|
Estimated
Current Year Turnover |
R11000000.00 |
|
Current
Turnover per month |
R1200000.00 |
|
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 |
29 |
|
Active
Principals Principal - 1of 1 SAMARTH SHAH |
|
|
Surname |
SHAH |
|
First
Name |
SAMARTH |
|
Other
Names |
None |
|
Marital
Status |
Single |
|
ID
Number |
8409275980188 |
|
Verified
ID Number |
Yes |
|
Current
Age |
29 |
|
Designation |
Managing
Member |
|
Status |
Active |
|
Appointment
Date |
2006/05/10 |
|
Physical
Address (at time of Appointment) |
16
VISHNO GARDENS, 20 LANGERMAN ROAD, CROWN NORTH, 2092 |
|
Postal
Address |
P 0 BOX
1161, CROWN MINES, 2025 |
|
Current Tel
Number |
0118390301 |
|
Cell
number |
0722810076 |
|
Shareholding/Membership |
100% |
Principal's Adverse - No
information on record
Business Information
forSAMARTH SHAH
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GOLDEE
TRADING 346 CC |
2006/034599/23 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
AUTUMN
SKIES TRADING 396 CC |
2007/195821/23 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
BUNTY WHOLESALERS
CC |
B2003/104518/23 |
In
Business |
10 Years
10 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
Average Age
of Previous Business 6
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
PANAMO PROPERTIES SEVENTY SEVEN
(PTY) LTD |
M2004/012418/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
ELATIDOX
(PTY)LTD |
M2010/004449/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
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.