|
Report Date : |
20.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMIRANA TRADING CC |
|
|
|
|
Registered Office : |
Swatkoppies, Marikana,
RUSTERNBURG, 0284 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
07.01.1997 |
|
|
|
|
Com. Reg. No.: |
B1997/000564/23 |
|
|
|
|
Legal Form : |
Closed Corporation |
|
|
|
|
Line of Business : |
General Grocery Shop |
|
|
|
|
No. of Employees : |
10 |
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 |
|
|
|
|
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 Unemployment remains high and outdated infrastructure has constrained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 |
AMIRANA
TRADING CC |
|
Country |
South
Africa |
|
Subject Contact
Person |
HALIAAA
ABOO - 0145727281 |
|
Assessment |
Total
Credit Limit Exposure: R 70 000. On investigation contact was made with the
Financial Manager HALIAAA ABOO who assisted with most of the information for
the subject. The subject is meeting commitments timeously with it's
suppliers. There is no adverse information on the subject or members. Banking
Details and financials were deemed confidential. Please see the available
information below. |
|
Registered
Name |
AMIRANA TRADING
CC |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Registration
Number |
B1997/000564/23 |
|
Registration
Date |
1997/01/07 |
|
Age of
Business |
16 Years |
|
History
of Business |
None |
|
History
of Principals |
None |
|
Shareholders/Members/Partners
of subject and % holding |
33.3 % -
AHMOD CASSIM, 33.3 % - CASSIM ABOO BAKER, 34 % - GOOLAM ABOO |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R 100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
General
Grocery Shop |
|
Industry/
Customers |
Public |
|
Export |
None |
|
Import |
Yes |
|
Import
Countries |
India |
|
Major
Industry Code / SICC |
62209 |
|
Definition
of Code |
Other
retail trade in food, beverages and tobacco n.e.c. |
|
Head
Office Physical Address |
Swatkoppies,
Marikana, RUSTERNBURG, 0284 |
|
Head
Office Postal Address |
P 0 BOX
33, MARIKANA, 0284 |
|
Current
Tel Number |
0145727281 |
|
Cell
Number |
0718969501 |
|
Current
Fax Number |
0145727281 |
|
Current Email
Address |
amiral
@gmail.com |
|
Web Site
Address |
None |
|
Company
Registered Name |
A
MOOSAANDCO |
|
Registration
Number |
5510275135088
(Sole Proprieter) |
|
Physical
Address |
FLAT 10 MEDWA
AAANSIONS, VIOLET STREET, LAUDIUM, 0037 |
|
Postal
Address |
P O BOX
14298, LAUDIUM, 0037 |
|
Contact
Person |
ASHRAF
MOOSA |
|
Contact
Number |
0126580688 |
|
Email |
Unavailable |
|
Principals |
1 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
Unavailable |
|
VAT
Number |
4880233194 |
|
Tax
Number |
Unavailable |
|
BEE
Status |
None |
|
Financial
Year End |
JUNE |
|
No of
years in Business |
16 |
|
Website |
None |
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4710163728 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1997/03/01 |
|
Tax
Number |
9566001658 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Comment |
|
|
ISO
Status |
|
|
Type of
ISO Grade |
No |
|
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 |
|
|||
|
Comment |
|
|||
|
Employees |
||||
|
Number
of Employees |
10 |
|||
|
1.
Salaried employees |
10 |
|||
|
2. Waged
employees |
|
|||
|
3.
Permanent employees |
10 |
|||
|
4.
Casual employees |
|
|||
|
5. Contracted
employees |
|
|||
|
Comment |
|
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No of
vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
3 |
|||
|
Comment |
|
|||
|
Light
delivery Vehicles |
3 |
|
|
R0.00 |
Offices
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Leased |
|
Rental
Company |
LONMIN
MINE |
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
5 YEARS |
|
Lease
Expire Date |
|
|
Type of
Premises |
FARM |
|
Comment |
|
Branch
Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
MEMBER |
AHMOD
CASSIM |
|
|
|
|||
|
1 |
MEMBER |
CASSIM
ABOO BAKER |
|
|
|
|||
|
1 |
MEMBER |
GOOLAM
ABOO |
|
Company
Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
33.3 % - CASSIM AHMOD |
AMIRANA
TRADING CC |
|
|
|
33.3 % - CASSIM ABOO BAKER |
AMIRANA TRADING
CC |
|
|
|
34 % - GOOLAM ABOO |
AMIRANA
TRADING CC |
|
|
Key Deals
- No Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
CASH AND
CARRY |
0145966626 |
|
|
|
Trade
References Detail
|
Nr |
Age of
Acc |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
5 Years |
21 Days |
R17000 |
21 Days |
Excellent
Account |
Previous
Auditors Information - No Information on Record
Judgement - No Information on Record
BusinessRescure - 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
|
CURRENT
ASSETS |
R0.00 |
|
Stock |
|
|
Debtors |
|
|
FIXED
ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/
From? |
|
|
Loan
Details |
|
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
|
|
Estimated
Current Year Turnover |
|
|
Current
Turnover per month |
|
|
Current Turnover
per annum |
|
|
Comment |
DEEMED
CONFIDENTIAL |
|
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 |
3 |
|
Average
Age of Active Principals |
62 |
|
Active
Principals Principal - 1of 3 AHMOD CASSIM |
|
|
Surname |
CASSIM |
|
First
Name |
AHMOD |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
5503105170086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
58 |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
1997/01/07 |
|
Physical
Address (at time of Appointment) |
45 PETUNIA
STREET, ZINNIAVILLE, 0302 |
|
Postal
Address |
45
PETUNIA STREET, ZINNIAVILLE, 0302 |
|
Current
Tel Number |
0145727281 |
|
Cell
number |
|
|
Shareholding/Membership |
33 % |
Business
Information forAHMOD CASSIM
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AMIRANA
TRADING CC |
B1997/000564/23 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
LIBRA
GARDEN TRADING 400 CC |
B2006/103646/23 |
In
Business |
7 Years
7 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
|
Principal
- 2of 3 CASSIM ABOO BAKER |
|
|
Surname |
ABOO
BAKER |
|
First
Name |
CASSIM |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
5006095070015 |
|
Verified
ID Number |
Yes |
|
Current
Age |
63 |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
1997/01/07 |
|
Physical
Address (at time of Appointment) |
45
PETUNIA STREET, ZINNIAVILLE, 0302 |
|
Postal
Address |
P 0 BOX
33, MARIKANA, 0284 |
|
Current
Tel Number |
0145727281 |
|
Cell
number |
|
|
Shareholding/Membership |
33 % |
Business Information
forCASSIM ABOO BAKER Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AMIRANA
TRADING CC |
B1997/000564/23 |
In
Business |
16 Years
4 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
|
Principal
- 3of 3 GOOLAM ABOO |
|
|
Surname |
ABOO |
|
First
Name |
GOOLAM |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
4712095075087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
66 |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
1997/01/07 |
|
Physical
Address (at time of Appointment) |
45
PETUNIA STREET, ZINNIAVILLE, 0302 |
|
Postal
Address |
45 PETUNIA
STREET, ZINNIAVILLE, 0302 |
|
Current
Tel Number |
0145727281 |
|
Cell
number |
0718969501 |
|
Shareholding/Membership |
34% |
Business
Information forGOOLAM ABOO
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AMIRANA
TRADING CC |
B1997/000564/23 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
LIBRA
GARDEN TRADING 400 CC |
B2006/103646/23 |
In
Business |
7 Years
7 Months |
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.54.94 |
|
|
1 |
Rs.86.24 |
|
Euro |
1 |
Rs.72.20 |
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.