|
Report Date : |
23.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
RLWM
SERVICES REVERSE LOGISTICS CC |
|
|
|
|
Registered Office : |
87 Kanna
Street, Northmead Ext 4 Benoni, 1501 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
04.11.2010 |
|
|
|
|
Com. Reg. No.: |
B2010/151438/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
The company
trades in logistics including importing and exporting. |
|
|
|
|
No. of Employees : |
5 |
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 – 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 |
RLWM SERVICES
REVERSE LOGISTICS CC |
|
Country |
South
Africa |
|
Subject
Contact Person |
RAJEEVE
LALSAB - Managing Member |
|
Assessment |
This is
an established business. On investigation contact was made with the managing member
RAJEEVE LALSAB who assisted with the information. No suppliers were made
available for trade references as the subject deals on a COD basis. The
financial information is deemed confidential. Please see the information
obtained below. |
|
Registered
Name |
RLWM
SERVICES REVERSE LOGISTICS CC |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
B2010/151438/23 |
|
Registration
Date |
2010/11/04 |
|
Date Commenced
Trading |
2010-11-04 |
|
Age of
Business |
2 Years
8 Months |
|
History
of Business |
RLWM
SERVICES REVERSE LOGISTICS CC was established in 2010 and operations
commenced immediately. |
|
History
of Principals |
There is
1 active director within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
100 % -
RAJEEVE LALSAB |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
company trades in logistics including importing and exporting. |
|
Industry/
Customers |
The
medical and pharmaceutical industry. |
|
Export |
Yes |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
74139 |
|
Definition
of Code |
Other
supporting transport activities n.e.c. |
|
Head
Office Physical Address |
87 KANNA
STREET, NORTHMEAD EXT 4 BENONI, 1501 |
|
Head
Office Postal Address |
87 KANNA
STREET, NORTHMEAD EXT 4 BENONI, 1501 |
|
Current
Tel Number |
Unavailable |
|
Cell
Number |
0845327002 |
|
Current
Fax Number |
0114252230 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
The
request was made on the name of the Managing Member, the registered name of
the business is RLWM SERVICES REVERSE LOGISTICS CC |
|
Company
Registered Name |
STRYDOM
AND STRYDOM FINANCIAL SERVICES CC |
|
Trading
Name |
STRYDOM
AND STRYDOM |
|
Registration
Number |
B2010/132409/23 |
|
Physical
Address |
36
ADELAIDE PLACE, LAKESIDE 2, TERENURE, KEMPTON PARK, 1619 |
|
Postal
Address |
P O BOX
5526, TYGERVALLEY, 7536 |
|
Contact
Person |
MONIQUE |
|
Contact
Number |
0113936368 |
|
Email |
Unavailable |
|
Principals |
2 |
|
Judgements
Against Subject |
None On
Record |
|
Judgements
Against Principals |
None On
Record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
901659 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
February |
|
No of
years in Business |
2 Years
8 Months |
|
Website |
|
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4830245223 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
|
|
Tax
Number |
Unavailable |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
Unavailable |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
3.00 |
|
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 |
No |
|
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 |
5 |
|||
|
1.
Salaried employees |
5 |
|||
|
2. Waged
employees |
|
|||
|
3. Permanent
employees |
5 |
|||
|
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 Owned |
|||
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Owned |
|
Rental
Company |
Not
Applicable |
|
Owned by |
Unavailable |
|
Value |
|
|
Bond |
|
|
Bank |
Unavailable |
|
Lease
Agreement |
Not
Applicable |
|
Lease
Expire Date |
Not
Applicab |
|
Type of
Premises |
Warehouse
and Offices |
|
Comment |
|
Branch
Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
1 Managing Member RAJEEVE LALSAB
Company
Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100 % -
RAJEEVE LALSAB |
RLWM SERVICES
REVERSE LOGISTICS CC |
|
|
Key Deals
- No Information on Record
Trade
References Information - No Information on Record
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 |
NEDBANK |
|
Branch |
ISANDO |
|
Brach
Code |
198765 |
|
Bank
Account Number |
1961377586 |
|
Type of
Account |
Current
Account |
|
Account
Name |
RAJEEVE LALSAB |
|
Overdraft
Facilities |
None |
|
Bank
Code |
D - For
R 100 000 |
|
Bank
Comment |
The
subject's bankers consider them good for moderate business engagements. |
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 |
51 |
|
Active
Principals Principal - 1of 1 RAJEEVE LALSAB |
|
|
Surname |
LALSAB |
|
First
Name |
RAJEEVE |
|
Other
Names |
Unavailable |
|
Marital
Status |
Married |
|
ID
Number |
6208275175050 |
|
Verified
ID Number |
Yes |
|
Current
Age |
50 Years
11 Months |
|
Designation |
Managing
Member |
|
Status |
Active |
|
Appointment
Date |
2010/11/04 |
|
Physical
Address (at time of Appointment) |
87 KANNA
STREET, NORTHMEAD EXT 4 BENONI, 1501 |
|
Postal
Address |
87 KANNA
STREET, NORTHMEAD EXT 4 BENONI, 1501 |
|
Current
Tel Number |
0114202230 |
|
Cell
number |
0763296673 |
|
Shareholding/Membership |
100 % |
Principal's
Adverse - No information on record
Business
Information forRAJEEVE LALSAB Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
RLWM
SERVICES REVERSE LOGISTICS CC |
B2010/151438/23 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
SEABANA
TRADING AND PROJECTS CC |
B2010/018166/23 |
Deregistration
Process |
3 Years
3 Months |
0 |
No |
|
|
SIRRI BAG
COMPANY |
6208275175050 |
|
Unknown |
0 |
No |
|
|
WMSERVICES |
6208275175084 |
|
Unknown |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business 8 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
PHARMAENG
TECHNOLOGIES CC |
B2011/075979/23 |
In
Business |
2 Years
2 Months |
0 |
No |
|
|
SIRRI
CABLE JOINTING AND CONSTRUCTION CC |
B1998/025907/23 |
Deregistration
Final |
15 Years
3 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.41 |
|
|
1 |
Rs.90.74 |
|
Euro |
1 |
Rs.78.11 |
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.