|
Report Date : |
25.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
FLORDECOR
CC |
|
|
|
|
Registered Office : |
1st
Floor Sunrise Centre, Cnr Van Riebeeck Avenue And, Hendrik Potgieter Street, Edenvale,
1609 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
02.07.2003 |
|
|
|
|
Com. Reg. No.: |
B2003/054204/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
Manufacturers
of specialized flooring |
|
|
|
|
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 Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible
growth and global integration to become a high-tech industrialized economy. In
the 1960s, GDP per capita was comparable with levels in the poorer countries of
Africa and Asia. In 2004, South Korea joined the trillion dollar club of world
economies, and is currently the world's 12th largest economy. Initially, a
system of close government and business ties, including directed credit and
import restrictions, made this success possible. The government promoted the
import of raw materials and technology at the expense of consumer goods, and
encouraged savings and investment over consumption. The Asian financial crisis
of 1997-98 exposed longstanding weaknesses in South Korea's development model
including high debt/equity ratios and massive short-term foreign borrowing. GDP
plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted
numerous economic reforms following the crisis, including greater openness to
foreign investment and imports. Growth moderated to about 4% annually between
2003 and 2007. Korea''s export focused economy was hit hard by the 2008 global
economic downturn, but quickly rebounded in subsequent years, reaching 6.3%
growth in 2010. The US-South Korea Free Trade Agreement was ratified by both
governments in 2011 and went into effect in March 2012. Throughout 2012 the
economy experienced sluggish growth because of market slowdowns in the United
States, China, and the Eurozone. The incoming administration in 2013, following
the December 2012 presidential election, is likely to face the challenges of
balancing heavy reliance on exports with developing domestic-oriented sectors,
such as services. The South Korean economy''s long term challenges include a
rapidly aging population, inflexible labor market, and heavy reliance on
exports - which comprise half of GDP.
Source
: CIA
|
Subject
Name |
FLORDECOR
CC |
|
Country |
South
Africa |
|
Account
Review |
Recommended
Every 3 Months |
|
Subject
Contact Person |
Unavailable |
|
Assessment |
On investigation
contact could not be established with the business on the available contact
numbers. No further contact details were found. Should your client be able to provide us
with any further information that may assist with contacting the subject please
advise soonest. Further investigations will then be instituted. At present we
do not possess sufficient information to compile an assessment. |
|
Registered
Name |
FLORDECOR
CC |
|
Trading
as/ Division Name |
FLORDECOR |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
B2003/054204/23 |
|
Registration
Date |
2003/07/02 |
|
Date
Commenced Trading |
2003-07-02 |
|
Age of
Business |
10 Years |
|
History
of Business |
FLORDECOR
CC commenced trading as a new business in 2003. |
|
History
of Principals |
There is
currently 1 active director within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
100 % -
AMANDA JANE BLAIR |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Manufacturers
of specialized flooring |
|
Industry/
Customers |
The
public and commercial sectors |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
32210 |
|
Definition
of Code |
Manufacture
of veneer sheets, plywood, laminboard, particle board etc |
|
Head
Office Physical Address |
1ST FLOOR
SUNRISE CENTRE, CNR VAN RIEBEECK AVENUE AND, HENDRIK POTGIETER STREET,
EDENVALE, 1609 |
|
Head
Office Postal Address |
P O BOX
923, EDENVALE, 1610 |
|
Current
Tel Number |
0114639770
/ 0114482620 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0114526569 |
|
Current
Email Address |
Unavailable |
|
Web Site
Address |
Unavailable |
|
Comments |
|
|
Company
Registered Name |
N
NICILAOU |
|
Trading
Name |
Declined |
|
Registration
Number |
Declined |
|
Physical
Address |
Declined |
|
Postal
Address |
P O BOX
923, EDENVALE, 1610 |
|
Contact
Person |
|
|
Contact
Number |
0114523634 |
|
Email |
Declined |
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
|
|
Practice
Number |
352683 |
|
VAT
Number |
Declined |
|
Tax
Number |
Declined |
|
BEE
Status |
Declined |
|
Financial
Year End |
Declined |
|
No of years
in Business |
7 Years
9 Months |
|
Website |
Declined |
|
Comment |
|
Previous
Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
N
NICOLAOU AN CO |
|
Unknown |
|
|
Vat
Number |
4420221758 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2004/09/30 |
|
Tax
Number |
9445379150 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
June |
|
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 |
Organisation
Chart
|
Level |
Position |
Name |
Comment |
1 I Managing Member I
AMANDA
JANE
Company
Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100 % -
AMANDA JANE BLAIR |
FLORDECOR
CC |
|
|
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
Deeds
Information - 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 |
44 |
|
Active Principals
Principal - 1of 1 AMANDA CASAL |
|
|
Surname |
CASAL |
|
First
Name |
AMANDA |
|
Other
Names |
JANE |
|
Marital
Status |
|
|
ID
Number |
6907160104089 |
|
Verified
ID Number |
Yes |
|
Current
Age |
44 Years |
|
Designation |
Managing
Member |
|
Status |
Active |
|
Appointment
Date |
2003/07/02 |
|
Physical
Address (at time of Appointment) |
27
ANGELICA AVENUE, FARFIELD, FORUWAYS, 2068 |
|
Postal
Address |
P O BOX
673, WITKOPPEN, 2068 |
|
Current
Tel Number |
0114659514 |
|
Cell
number |
0824527070 |
|
Shareholding/Membership |
100 % |
Principal's
Adverse - No information on record
Business
Information forAMANDA CASAL
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CORDIVAX
CC |
B2010/049217/23 |
In
Business |
3 Years
3 Months |
0 |
No |
|
Principal
Previous Business Interests
Average
Age of Previous Business 10
Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
FLORDECOR
CC |
B2003/054204/23 |
In
Business |
10 Years
10 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.44 |
|
|
1 |
Rs.91.24 |
|
Euro |
1 |
Rs.78.43 |
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.