|
Report Date : |
04.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
OSMANS
SPICE WORKS PROPERTY INVESTMENTS (PTY)LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
06.11.1992 |
|
|
|
|
Com. Reg. No.: |
M1992/006493/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture
of spices condiments vinegar yeast & other food products |
|
|
|
|
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 |
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 and a stock exchange that is the
15th largest in the world. Even though the country possesses modern
infrastructure that support a relatively efficient distribution of goods to
major urban centers throughout the region, some components retard growth. The
economy began to slow in the second half of 2007 due to an electricity crisis.
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. Subsequently, the global
financial crisis reduced commodity prices and world demand. GDP fell nearly 2%
in 2009 but has recovered since then. Unemployment, poverty, and inequality
remain a challenge, with official unemployment at nearly 25% of the work force.
State power supplier Eskom has built two new power stations and installed new
power demand management programs to improve power grid reliability. South
Africa's economic policy has focused on controlling inflation, however, the
country has had significant budget deficits that restrict its ability to deal
with pressing economic problems. The current government faces 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 |
OSMANS SPICE
WORKS PROPERTY INVESTMENTS (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
ISMAIL
OSMAN - Director |
|
Assessment |
This is
an established business. On investigation contact was made with the director ISMAIL
OSMAN who declined to assist with the required information as he does not
have the information at hand. MR. OSMAN requested that we contact him next week Wednesday 2013/07/10 as he
may then be of assistance. Please see the available information on the
subject below. |
|
Registered
Name |
OSMANS
SPICE WORKS PROPERTY INVESTMENTS (PTY)LTD |
|
Trading
as/ Division Name |
OSMANS
SPICE WORKS PROPERTY INVESTMENTS |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
M1992/006493/07 |
|
Registration
Date |
1992/11/06 |
|
Date
Commenced Trading |
1992-11-06 |
|
Age of
Business |
20 Years
8 Months |
|
History
of Business |
The
subject was established as a new business in 1992. |
|
History
of Principals |
There
are currently 2 active directors within the subject. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Manufacture
of spice and rice |
|
Industry/
Customers |
All
major food retailers |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
30499 |
|
Definition
of Code |
Manufacture
of spices condiments vinegar yeast & other food products NEC |
|
Head
Office Physical Address |
180 Sir
Dar Road, Clearwood, DURBAN, 4052 |
|
Head
Office Postal Address |
P O BOX
1884, DURBAN, 4000 |
|
Current
Tel Number |
0314651612 |
|
Cell Number |
Unavailable |
|
Current
Fax Number |
0314654961 |
|
Current
Email Address |
Unavailable |
|
Web Site
Address |
Unavailable |
|
Comments |
|
|
Company
Registered Name |
GRANT
THORNTON INC |
|
Trading
Name |
GRANT
THORNTON |
|
Registration
Number |
M2010/016204/21 |
|
Physical
Address |
Grant
Thornton Durban, 2nd Floor, 4 Pencarrow Crescent, Pencarrow Park, La Lucia
Ridge Office Estate, 4019 |
|
Postal
Address |
PRIVATE
BAG 28, BENMORE, 2010 |
|
Contact Person |
Unavailable |
|
Contact
Number |
0315765500 |
|
Email |
Unavailable |
|
Principals |
16 |
|
Judgements
Against Subject |
None On
Record |
|
Judgements
Against Principals |
None On
Record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
903426E |
|
VAT
Number |
4950256596 |
|
Tax
Number |
9151210185 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
December |
|
No of
years in Business |
Unavailable |
|
Website |
|
|
Comment |
|
Previous
Auditors Information - No Information on Record
Tax
Information
|
Vat
Number |
4330136666 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1992/11/06 |
|
Tax
Number |
9217069203 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
Black
Economic Empowerment Information - No Information on Record
ISO
Information - No Information on Record
Work Mans
Information - No Information on Record
Company
Structure
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
Management
Overview
Organisational
Chart – No Information on Record
Company
Structure Information - No Information on Record
Note: One
level up and all levels down
Key Deals - No Information on Record
Trade References Information - No Information on Record
Adverse Information on Subject
Judgements - No information on record
Business Rescue - 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
Property
Interests for CompanyOSMANS SPICE WORKS PROPERTY INVESTMENTS
(PTY)LTD
|
Title
Deed No. |
ST31913/2008 |
Erf/Site
No. |
3132,0 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
|
|
Property
Type |
Sectional
Title |
Extent /
Size |
247.0SQM |
|
Purchase
Date |
2008/04/25 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
SB259972008 |
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title Deed
No. |
T31000/2008 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
16 HUTT
SHERWOOD DURBAN |
|
Property
Type |
Freehold |
Extent /
Size |
1637.0SQM |
|
Purchase
Date |
2005/05/07 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond Holder |
|
|
Bond
Number |
I-1721989LG |
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T31356/2008 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
180
GLENARDLE SHERWOOD DURBAN |
|
Property
Type |
Freehold |
Extent /
Size |
1409.0SQM |
|
Purchase
Date |
2005/05/07 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
I-1721989LG |
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T31355/2008 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
136 LOON
CLARE HILLS DURBAN |
|
Property
Type |
Freehold |
Extent /
Size |
2023.0SQM |
|
Purchase
Date |
2005/05/07 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
I-1721989LG |
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T51136/2003 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
169
SIRDAR CLAIRWOOD DURBAN SOUTH |
|
Property
Type |
Freehold |
Extent /
Size |
1115.0SQM |
|
Purchase
Date |
2003/07/01 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T12385/2001 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
173 SIRDAR
CLAIRWOOD DURBAN SOUTH |
|
Property
Type |
Freehold |
Extent /
Size |
1115.0SQM |
|
Purchase
Date |
2000/09/21 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T39637/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
179
SIRDAR CLAIRWOOD DURBAN SOUTH |
|
Property
Type |
Freehold |
Extent /
Size |
1115.0SQM |
|
Purchase
Date |
1999/04/30 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
Principals
|
Number
of Principals |
2 |
|
Average
Age of Active Principals |
53 |
|
Active
Principals Principal - 1of 2 MAHOMED OSMAN |
|
|
Surname |
OSMAN |
|
First
Name |
MAHOMED |
|
Other
Names |
None |
|
Marital
Status |
Single |
|
ID
Number |
7112285134082 |
|
Verified
ID Number |
Yes |
|
Current
Age |
41 Years
7 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2010/03/01 |
|
Physical
Address (at time of Appointment) |
180
SIDAR ROAD, CLAIRWOOD, DURBAN, 4052 |
|
Postal
Address |
180
SIDAR ROAD, CLAIRWOOD, DURBAN, 4052 |
|
Current
Tel Number |
0314651611 |
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information forMAHOMED OSMAN Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ACTITRADE
(PTY)LTD |
K2012/116087/07 |
In
Business |
1 Years
1 Months |
0 |
No |
|
|
MOMENTEX
(PTY)LTD |
K2012/116080/07 |
In
Business |
1 Years
1 Months |
0 |
No |
|
|
OSMANS
SPICE WORKS PROPERTY INVESTMENTS (PTY)LTD |
M1992/006493/07 |
In
Business |
21 Years
9 Months |
0 |
No |
|
|
PERSIAN STAR
INVESTMENTS 19 CC |
B2009/116739/23 |
Deregistration
Process |
4 Years
4 Months |
0 |
No |
|
Principal
Previous Business Interes
Average
Age of Previous Business 37
Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
HARLIQ
INVESTMENTS CC |
B1986/005333/23 |
In
Business |
27 Years
3 Months |
0 |
No |
|
|
SHARON
KEYS (PTY)LTD |
M1966/005992/07 |
Conversion
CO/CC or CC/CO |
47 Years
11 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 2of 2 ISMAIL OSMAN
|
Surname |
OSMAN |
|
First
Name |
ISMAIL |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
4810245123086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
64 Years
9 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1992/11/06 |
|
Physical
Address (at time of |
184 JAN
HOFMEYER ROAD, WESTVILLE, 3630 |
|
Appointment) |
|
|
Postal
Address |
PO BOX
1884, DURBAN, DURBAN, 4000 |
|
Current
Tel Number |
0314616111 |
|
Cell
number |
0824420987 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information forISMAIL OSMAN
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BRIDGE
LIKE (PTY)LTD |
K2013/039642/07 |
In
Business |
0 |
0 |
No |
|
|
EMERALD
FIRE TRADING 244 CC |
B2006/080448/23 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
OSMANS SPICE
WORKS PROPERTY INVESTMENTS (PTY)LTD |
M1992/006493/07 |
In
Business |
21 Years
9 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Average
Age of Previous Business 17
Years
Principal
Previous Business Interest
|
Company Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
AMO-TECH
BAKERY CC |
B1996/019601/23 |
Deregistration
Final |
17 Years
5 Months |
0 |
No |
|
|
BCS TECH
HOLDINGS (PTY)LTD |
M2002/022390/07 |
Deregistration
Final |
11 Years
11 Months |
0 |
No |
|
|
CADWICK
TRADING CC |
B1995/003712/23 |
In
Liquidation |
18 Years
6 Months |
0 |
Yes |
|
|
HONEY
POT INVESTMENTS 50 CC |
B2001/003690/23 |
Deregistration
Final |
|
0 |
No |
|
|
KITTY
NAIKER PROPERTY HOLDINGS CC |
B1998/010558/23 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
KUSHI
TRADING CC |
B2003/051574/23 |
Deregistration
Final |
10 Years
10 Months |
0 |
No |
|
|
NABILAH INVESTMENTS (PTY)LTD |
M1990/007596/07 |
Deregistration
Final |
23 Years
11 Months |
0 |
No |
|
|
OSMAN''S
SPICE WORKS (PTY)LTD |
M1973/009073/07 |
Conversion
CO/CC or CC/CO |
40 Years
4 Months |
0 |
No |
|
|
OSMANS
CHEMICAL DIVISION CC |
B1997/005984/23 |
Deregistration
Final |
16 Years
4 Months |
0 |
No |
|
|
PREMIUM
BEVERAGES (PTY)LTD |
M1992/003857/07 |
Deregistration
Final |
21 Years
9 Months |
0 |
No |
|
|
STERNGROVE
PROPERTIES (PTY)LTD |
M1990/000869/07 |
In
Business |
23 Years
11 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.91.07 |
|
Euro |
1 |
Rs.77.95 |
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.