|
Report Date : |
22.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOOD
LIFE ORGANIC (PTY)LTD |
|
|
|
|
Registered Office : |
20
Scotia Paril, Hillcrest, 3650 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
25.05.2012 |
|
|
|
|
Com. Reg. No.: |
K2012/091804/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
The company
is an importer and wholesaler of organic food products such as spices, tea
and preserves |
|
|
|
|
No. of Employees : |
7 |
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 : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
South Africa |
A1 |
A1 |
|
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
GOOD
LIFE ORGANIC (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
ELEUTERIO
COELHO - Managing Director |
|
Assessment |
This is an
established business. On investigation contact was made with ELEUTERIO COELHO
, the managing director of the subject who assisted with the information. The
company was initially established as a sole proprietorship in 2007. The
subject is meeting it's commitments timeously with it's suppliers. A bank
code could not be obtained as the details were declined. No adverse
information was revealed during the investigation. The financial information
for the subject is considered confidential. Please see the available
information on the subject below. |
|
Registered
Name |
GOOD
LIFE ORGANIC (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
K2012/091804/07 |
|
Registration
Date |
2012/05/25 |
|
Date
Commenced Trading |
2007 |
|
Age of
Business |
9 Months |
|
History
of Business |
GOOD
LIFE ORGANIC (PTY)LTD was established as a sole proprietorship in 2007 by ELEUTERIO
COELHO. The assets and operations were incorporated into the newly registered
company. |
|
History
of Principals |
There is
currently one active director within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
100 % - ELEUTERIO
COELHO |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
company is an importer and wholesaler of organic food products such as spices,
tea and preserves |
|
Industry/
Customers |
Deli's
and Health Shops |
|
Export |
None |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
India |
|
Major
Industry Code / SICC |
61221 |
|
Definition
of Code |
Wholesale
trade in foodstuffs |
|
Head
Office Physical Address |
20
SCOTIA PARIL, HILLCREST, 3650 |
|
Head
Office Postal Address |
P O BOX
259, ROAD E819, WATERFALL, 3610 |
|
Current
Tel Number |
0317663426 |
|
Cell
Number |
0825147650 |
|
Current
Fax Number |
|
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
LYDIA DIPPENAAR |
|
Trading
Name |
None |
|
Registration
Number |
Sole
Proprietorship |
|
Physical
Address |
20
SCOTIA PARIL, HILLCREST, 3650 |
|
Postal
Address |
P O BOX
259, ROAD E819, WATERFALL, 3610 |
|
Contact
Person |
LYDIA
DIPPENAAR |
|
Contact
Number |
Undisclosed |
|
Email |
Undisclosed |
|
Principals |
1 |
|
Judgements
Against Subject |
Undisclosed |
|
Judgements
Against Principals |
Undisclosed |
|
Subject
Verified as Client |
No |
|
Practice
Number |
Undisclosed |
|
VAT
Number |
Undisclosed |
|
Tax
Number |
Undisclosed |
|
BEE
Status |
Undisclosed |
|
Financial
Year End |
Undisclosed |
|
No of
years in Business |
Undisclosed |
|
Website |
Undisclosed |
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4480261967 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
|
|
Tax
Number |
Undisclosed |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
No |
|
Score |
9.00 |
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Comment |
|
|
ISO
Status |
|
|
Type of
ISO Grade |
Good
Life Organic is certified by Bio-Org |
|
ISO
Certificate |
|
|
ISO
Certificate Available |
|
|
Certified
by an Accredited Agent |
|
|
Comment |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
|
Subsidiary
Company |
There
are no reported subsidiaries |
|||
|
Shareholding |
|
|||
|
Registration
Number |
|
|||
|
Import /
Export |
|
|||
|
Comment |
|
|||
|
Employees |
||||
|
Number
of Employees |
7 |
|||
|
1.
Salaried employees |
3 |
|||
|
2. Waged
employees |
4 |
|||
|
3.
Permanent employees |
3 |
|||
|
4.
Casual employees |
4 |
|||
|
5.
Contracted employees |
0 |
|||
|
Comment |
|
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No of
vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
0 |
|||
|
Comment |
All
vehicles are owned by the director |
|||
|
|
0 |
|||
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Leased |
|
Rental
Company |
MATTHEW
MYBURGH |
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
Annual |
|
Lease
Expire Date |
|
|
Type of
Premises |
Office
and warehouse |
|
Comment |
|
Branch
Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
Company
Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100 %
-ELEUTERIO COELHO |
GOOD
LIFE ORGANIC (PTY) LTD |
|
|
Key Deals
- No Information on Record
Trade
References
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
COETZEE
& COETZEE (PTY)LTD |
0219051709 |
|
|
|
|
2 |
GLOBAL
GRINDERS (PTY)LTD |
021
7016788 |
|
|
|
|
3 |
DESMOND'S
CLEARING AND FORWARDING AGENCIES CC |
0313039571 |
|
|
|
Trade
References Detail
|
Nr |
Age of
Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
5 Years |
|
R 2700 |
30 Days |
R 2500 |
30 Days |
Good
account. The subject does not have a credit limit. |
|
2 6 Years R 10000.00 R 7000 30 Days R 6000 30 Days Good account. |
|||||||
|
3 |
6 Years |
|
R 20000 |
30 Days |
R 20000 |
30 Days |
Good
account. The subject does not have a credit limit. |
Adverse
Information on Subject
Judgements
- No information on record BusinessRescue - 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 |
1 |
|
Average
Age of Active Principals |
50 |
|
Active
Principals Principal - 1of 1 ELEUTERIO COELHO |
|
|
Surname |
COELHO |
|
First
Name |
ELEUTERIO |
|
Other
Names |
DOS |
|
Marital
Status |
Married |
|
ID
Number |
6306265161088 |
|
Verified
ID Number |
Yes |
|
Current
Age |
50 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2012/05/25 |
|
Physical
Address (at time of Appointment) |
5
HOMESTEAD AVE, HILLCREST, 3610 |
|
Postal
Address |
P O BOX
259, HILLCREST, 3650 |
|
Current
Tel Number |
0317654370 |
|
Cell
number |
0825141650 |
|
Shareholding/Membership |
100 % |
Principal's
Adverse - No information on record
Business Information
forELEUTERIO COELHO Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
GOOD
LIFE ORGANIC (PTY)LTD |
K2012/091804/07 |
In
Business |
1 Years
1 Months |
0 |
No |
|
|
WHAM COMMUNICATIONS
CC |
B2004/042068/23 |
|
9 Years
9 Months |
0 |
No |
|
|
GOOD
LIFE TRADING |
6306265161088 |
|
Unknown |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.48 |
|
|
1 |
Rs.82.71 |
|
Euro |
1 |
Rs.72.23 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.