|
Report Date : |
25.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
TOTALLY HOME CC |
|
|
|
|
Registered Office : |
55
Crownwood Rd, Cnr of Diamond & Kimberlite Rd, Ormonde, Johannesburg, 2093 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
26.02.2008 |
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|
|
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Com. Reg. No.: |
B2008/039836/23 |
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|
|
|
Legal Form : |
Close Corporation |
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|
|
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Line of Business : |
The subject operates as an importer and
wholesaler of homeware, cutlery, crockery, folding tables and ottomans |
|
|
|
|
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 : |
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 |
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
TOTALLY
HOME CC |
|
Country |
South
Africa |
|
Subject
Contact Person |
MAHESH
IDNANI - Member |
|
Assessment |
This is an established business. On investigation
contact was made with the member of the subject, MR. MAHESH IDNANI who was
unwilling to assist with any information as he requested that the identity of
the principal enquirer be made known. The business has been in operation for
4 years. There is one Judgement againt the member of the subject. Please see
the available information below. |
|
Registered
Name |
TOTALLY
HOME CC |
|
Trading
as/ Division Name |
TOTALLY
HOME |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
B2008/039836/23 |
|
Registration
Date |
2008/02/26 |
|
Date
Commenced Trading |
February
2008 |
|
Age of
Business |
4 Years
11 Months |
|
History
of Business |
TOTALLY HOME CC was registered in February 2008
and operations commenced immediately. |
|
History
of Principals |
There is
currently one active member. |
|
Shareholders/Members/Partners
of subject and % holding |
100 % -
MAHESH IDNANI |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The subject operates as an importer and
wholesaler of homeware, cutlery, crockery, folding tables and ottomans |
|
Industry/
Customers |
Retail
stores and public |
|
Export |
None |
|
Export
Countries |
|
|
Import |
|
|
Import
Countries |
|
|
Major
Industry Code / SICC |
62330 |
|
Definition
of Code |
Retail
trade in household furniture appliances, articles and equipment |
|
Head
Office Physical Address |
55 Crownwood Rd, Cnr of
Diamond & Kimberlite Rd, Ormonde, Johannesburg, 2093 |
|
Head
Office Postal Address |
106
AGULHAS, KIRBY ROAD, BEDFORD GARDENS, 2007 |
|
Current
Tel Number |
0118393322 |
|
Cell
Number |
0826981213 |
|
Current
Fax Number |
0118393323 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company Registered Name |
LAMBAT & POCHEE
CHARTERED ACCOUNTANTS |
|
Trading Name |
LAMBAT & POOCHEE |
|
Registration Number |
Partnership |
|
Physical Address |
39 Park Dve, Fordsburg,
RANDBURG, 2092 |
|
Postal Address |
P.O. BOX 42126,
FORDSBURG, 2033 |
|
Contact Person |
MOHAMMED |
|
Contact Number |
0118379663 |
|
Email |
|
|
Principals |
2 |
|
Judgements Against
Subject |
No information found on
file |
|
Judgements Against
Principals |
No information found on
file |
|
Subject Verified as
Client |
Yes |
|
Practice Number |
943290 |
|
VAT Number |
Undisclosed |
|
Tax Number |
Undisclosed |
|
BEE Status |
Undisclosed |
|
Financial Year End |
Undisclosed |
|
No of years in Business |
5 |
|
Website |
None |
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4290245689 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2008/03/01 |
|
Tax
Number |
9119946169 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black Economic
Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
No |
|
Comment |
|
|
ISO Status |
|
|
Type of
ISO Grade |
None |
|
ISO
Certificate |
No |
|
ISO
Certificate Available |
No |
|
Certified
by an Accredited Agent |
|
|
Comment |
|
|
Workman's compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
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 |
Organisation
Chart
|
Level |
Position |
Name |
Comment |
1 I MANAGING MEMBER I MAHESH IDNANI
Company
Structure (Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100
% - MAHESH IDNANI |
TOTALLY
HOME CC |
|
|
Key
Deals - No Information on Record
Trade
References Information - No Information on Record
Adverse
Information on Subject
Judgements
|
Judgements |
None |
|
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 - 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
Property
Interests for CompanyTOTALLY HOME CC
|
Title
Deed No. |
T18095/2011 |
Erf/Site
No. |
|
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
17
KIMBERLITE THETA JOHANNESBURG SOUTH |
|
Property
Type |
Freehold
/ Ervin |
Extent
/ Size |
3739.0SQM |
|
Purchase
Date |
2011/02/15 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
Principals
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
43 |
|
Active
Principals Principal
- 1of 1 MAHESH IDNANI |
|
|
Surname |
IDNANI |
|
First
Name |
MAHESH |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
7004275963184 |
|
Verified
ID Number |
Yes |
|
Current
Age |
43 |
|
Designation |
|
|
Status |
Active |
|
Appointment
Date |
2008/02/26 |
|
Physical
Address (at time of Appointment) |
106
AGULHAS, KIRBY ROAD, BEDFORD GARDENS, 2007 |
|
Postal
Address |
106
AGULHAS, KIRBY ROAD, BEDFORD GARDENS, 2007 |
|
Current
Tel Number |
0118393322 |
|
Cell
number |
0826981213 |
|
Shareholding/Membership |
100.0000 |
Adverse
Information forMAHESH IDNANI
Principal
Judgement
Number
of Judgements 1
Principal
Debt Review
Debt
review None
Other
Default
data None
Business
Information forMAHESH IDNANI
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
TOTALLY
HOME CC |
B2008/039836/23 |
In
Business |
5
Years 5 Months |
0 |
No |
|
Principal
Previous Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AFTERDARK DESIGNERWEAR CC |
B2005/124045/23 |
Deregistration Final |
8 Years 8 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
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.