|
Report Date : |
06.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRADE KINGS ( |
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Registered Office : |
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Country : |
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Date of Incorporation : |
23.02.2005 |
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Com. Reg. No.: |
M2005/005710/07 |
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Legal Form : |
Private Company |
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|
Line of Business : |
Manufacturer of cocoa, chocolate and sugar confectionery |
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No. of Employees : |
100 |
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 |
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Payment Behaviour : |
Unknown |
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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 |
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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 |
TRADE KINGS (SOUTH AFRICA) (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
LULU - Accounts |
|
Assessment |
This is a well-established business. On investigation contact was made with LULU in the accounts department of the business. The company has been in business for 8 Years 3 Months. No adverse information was revealed during the investigation. Details of the principal enquirer was requested before any banking and financial information is made available. Please see information obtained below. |
|
Registered Name |
TRADE KINGS (SOUTH AFRICA) (PTY)LTD |
|
Trading as/ Division Name |
TRADE KINGS SA |
|
Previous Name |
Undisclosed |
|
Date of Name Change |
Jun 10 2005 12:00AM |
|
Registration Number |
M2005/005710/07 |
|
Registration Date |
2005/02/23 |
|
Date Commenced Trading |
February 2005 |
|
Age of Business |
8 Years 3 Months |
|
History of Business |
TRADE KINGS was first
established in Zambia in 1995. TRADE KINGS (SOUTH AFRICA) (PTY)LTD trading as
TRADE KINGS was registered in February 2005 and later underwent a name change
from TRADE KINGS LTD to the current name June 2005. |
|
History of Principals |
There are currently 8 active directors within the business. |
|
Shareholders/Members/Partners of subject and % holding |
Undisclosed |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
|
Status |
In Business |
|
Operations Assessment |
The company is involved in the manufacture
of hard-boiled candies and chews under the brand names Super Sweets, Amazon
Chews, Soccer Chews and Amazon Monsta Pops. TRADE KINGS SA has sales agents in GAUTENG, KWAZULU NATAL,
FREESTATE, BOTSWANA, EASTERN CAPE, NAMIBIA and the WESTERN CAPE |
|
Industry/ Customers |
Retailers and Supermarkets |
|
Export |
Yes |
|
Major Industry Code / SICC |
30430 |
|
Definition of Code |
MANUFACTURE OF COCOA, CHOCOLATE AND SUGAR
CONFECTIONERY |
|
Head Office Physical Address |
36 Mineral Crescent, Crown extension 3, CROWN MINES |
|
Head Office Postal Address |
Postnet Suite 74 Private Bag 1, FORDSBURG |
|
Current Tel Number |
0118390145 / 8 |
|
Cell Number |
Undisclosed |
|
Current Fax Number |
0118393002 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
HORWATH LEVETON BONER CONSULTING (PTY)LTD |
|
Trading Name |
HORWATH LEVETON BONER |
|
Registration Number |
2006/022646/07 |
|
Physical Address |
3 Sandown Valley Crescent, SANDOWN, 2196 |
|
Postal Address |
P 0 BOX 652550, BENMORE, 2010 |
|
Contact Number |
0112178000 |
|
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 |
903787 |
|
VAT Number |
Unknown |
|
Tax Number |
9355119844 |
|
BEE Status |
Unknown |
|
Financial Year End |
February |
|
No of years in Business |
Unknown |
|
Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
AAALHERBE LOURENS |
|
Unknown |
|
|
Vat Number |
4330223365 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2005/11/01 |
|
Tax Number |
9140917155 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
February |
|
Status |
No |
|
BEE Certificate Available |
No |
|
Type of ISO Grade |
None |
|
ISO Certificate |
No |
|
ISO Certificate Available |
No |
|
Certified by an Accredited Agent |
No |
Work Mans Information
- No Information on Record
Subsidiaries
|
Subsidiary Company |
There are no reported subsidiary companies |
|||
|
Employees |
||||
|
Number of Employees |
100 |
|||
|
Comment |
The staff breakdown was not made available |
|||
|
Company Fleet |
||||
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Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
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The Fleet is made up of |
|
|||
|
Comment |
|
|||
|
Light delivery Vehicles |
|
Leased |
|
|
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Leased |
|
Rental Company |
MANISON PROPERTIES |
|
Lease Agreement |
5 year lease agreement |
|
Type of Premises |
Office, Factory and Warehouse |
|
Comment |
|
|
Branches Names |
Country |
Province |
|
TRADE KINGS (ZIMBABWE) |
Zimbabwe |
HARARE |
|
TRADE KINGS (MALAWI) |
|
Lilongwe |
|
TRADE KINGS (NDOLA) |
Zimbabwe |
|
|
Comment 1 |
Strysham lnvestmentsAddress: |
|
Comment 2 |
MALAWIPakeezah InvestmentsAdress: Old Chipuku Buildings
Area,Bwalolanjo blvd, |
|
Comment 3 |
Unity Distributors Address: 3292 ULENGO RoadBox 71697lndustrial Area -
NdolaContact Person: Mr. Waagid Pathan.Tel: 02650236Email: info@unity.co.zm |
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
DIRECTOR |
MUNIRATHNAM CETTY |
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|||
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2 |
Director |
IMRAAN MU HAMMED |
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|
|
|||
|
3 |
Director |
MOHOMED IQUBAL PATEL |
|
Company Structure Information - No Information on Record
Note: One level up and all levels down
Key Deals - No Information on Record
|
Trade Reference
nr |
Supplier |
Contact |
Surety
Value |
Notarial Bonds |
Comment |
|
2 |
LION HEART CHEMICALS |
0119179661 |
|
|
|
|
1 |
EASY STATIONERS CC |
0118393393 |
|
|
|
|
3 |
TONGAAT HULETT
SUGAR |
0314600111 |
|
|
NO RECORD OFF
ACCOUNT |
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
2 |
3 Years |
R1200000.00 |
R1000000 |
60 Days |
R 600000 |
60 Days |
Good Account |
|
1 |
3 Years |
R 5000.00 |
R6000 |
30 Days |
R 1000 |
30 Days |
Good account |
|
3 |
|
|
|
|
|
|
Awaiting further
trade reference |
Judgements
|
Judgements |
None |
|
Possible Judgements |
None |
|
Civil Court |
0 |
|
RDs |
0 |
|
Comment |
No Information on Record |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
Comment |
|
|
There is no
information found on file |
No Information on Record |
No Information
on Record |
No Information on Record |
Default Listings
|
Date |
Details |
Comment |
|
|
There is no information found on file |
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
|
Number of Principals |
8 |
|
Average Age of Active Principals |
49 |
Active Principals Principal - 1of 8 MUNIRATHNAM Cbl I Y
|
Surname |
CETTY |
|
First Name |
MUNIRATHNAM |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
6701150000000 |
|
Verified ID Number |
No |
|
Current Age |
46 |
|
Designation |
ENGINEER |
|
Status |
Active |
|
Appointment Date |
2010/05/14 |
|
Physical Address (at time of Appointment) |
FLAT 202, 69 ON CROWN, CNR BARNEY SIMON AND CROWN STREETS, FORDSBURG,
2092 |
|
Postal Address |
POSTNET SUITE 74, PRIVATE BAG X1, FORDSBURG, 2033 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for MUNIRATHNAM CETTY
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TRADE KINGS (SOUTH AFRICA) (PTY) LTD |
M2005/005710/07 |
In Business |
8 Years 3 Months |
0 |
No |
|
Principal's Previous Business Interests - No information on record
Principal's Deeds Information - No information on record
Principal - 2of 8
IMRAAN MUHAMMED
|
Surname |
MUHAMMED |
|
First Name |
IMRAAN |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
S1750632C |
|
Verified ID Number |
No |
|
Current Age |
47 |
|
Designation |
CLERK |
|
Status |
Active |
|
Appointment Date |
2005/09/15 |
|
Physical Address (at time of Appointment) |
NO 8 - 7TH AVENUE, HOUGHTON, 2198 |
|
Postal Address |
P 0 BOX 421070, FORDSBURG, 2033 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for lMRAAN MUHAMMED
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TRADE KINGS (SOUTH AFRICA) (PTY) LTD |
M2005/005710/07 |
In Business |
8 Years 3 Months |
0 |
No |
|
Principal's Previous Business
Interests - No information on record
Principal's Deeds
Information - No information on record
Principal - 3of 8 MOHOMED IQUBAL PATEL
|
Surname |
PATEL |
|
First Name |
MOHOMED IQUBAL |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
ZJ63230 |
|
Verified ID Number |
No |
|
Current Age |
54 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2005/07/29 |
|
Physical Address (at time of Appointment) |
19A/737 LUKOMA CLOSE, EMMASDALE, LUSAKA, ZAMBIA, 0000 |
|
Postal Address |
P O BOX 30824, LUSAKA, ZAMBIA, 0000 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for MOHOMED IQUBAL PATEL
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TRADE KINGS (SOUTH AFRICA) (PTY) LTD |
M2005/005710/07 |
In Business |
8 Years 3 Months |
0 |
No |
|
Principal's Previous Business Interests - No information on record
Principal's Deeds Information - No information on record
Principal - 4of 8
ZUBER MOOSA
|
Surname |
MOOSA |
|
First Name |
ZUBER |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
GBR761062557 |
|
Verified ID Number |
No |
|
Current Age |
45 |
|
Designation |
ACCOUNTANT |
|
Status |
Active |
|
Appointment Date |
2005/07/29 |
|
Physical Address (at time of Appointment) |
21B MWEMBELELO ROAD, EMMASDALE, LUSAKA, ZAMBIA, 0000 |
|
Postal Address |
P O BOX 30824, LUSAKA, ZAMBIA, 0000 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Business Information
for ZUBER MOOSA
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TRADE KINGS (SOUTH AFRICA) (PTY) LTD |
M2005/005710/07 |
In Business |
8 Years 3 Months |
0 |
No |
|
Principal's Previous
Business Interests - No information on record
Principal's Deeds Information
- No information on record
Principal - 5of 8
KHALID MOHAMED
|
Surname |
MOHAMED |
|
First Name |
KHALID |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
ZG04395 |
|
Verified ID Number |
No |
|
Current Age |
61 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2005/07/29 |
|
Physical Address (at time of Appointment) |
PLOT 17111 OBOTE ROAD, LUSAKA, ZAMBIA, 0000 |
|
Postal Address |
P O BOX 30824, LUSAKA, ZAMBIA, 0000 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for KHALID MOHAMED
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TRADE KINGS (SOUTH AFRICA) (PTY) LTD |
M2005/005710/07 |
In Business |
8 Years 3 Months |
0 |
No |
|
Principal's Previous
Business Interests - No information on record
Principal's Deeds
Information - No information on record
Principal - 6of 8
ZUNAID IBRAHIM PATEL
|
Surname |
PATEL |
|
First Name |
ZUNAID IBRAHIM |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
GBR761031806 |
|
Verified ID Number |
No |
|
Current Age |
39 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2005/07/29 |
|
Physical Address (at time of Appointment) |
19B/737 MWEMBELELO ROAD, EMMASDALE, LUSAKA, ZAMBIA, 0000 |
|
Postal Address |
P 0 BOX 30824, LUSAKA, ZAMBIA, 0000 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for ZUNAID IBRAHIM PATEL
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TRADE KINGS (SOUTH AFRICA) (PTY) LTD |
M2005/005710/07 |
In Business |
8 Years 3 Months |
0 |
No |
|
Principal's Previous
Business Interests - No information on record
Principal's Deeds
Information - No information on record
Principal - 7of 8
ARIF MOHAMMED
|
Surname |
MOHAMMED |
|
First Name |
ARIF |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
ZK069776 |
|
Verified ID Number |
No |
|
Current Age |
49 |
|
Designation |
MEDICAL DOCTOR |
|
Status |
Active |
|
Appointment Date |
2005/07/29 |
|
Physical Address (at time of Appointment) |
23A/737 KAKUMBI ROAD, EMMASDALE, LUSAKA, ZAMBIA, 0000 |
|
Postal Address |
P O BOX 30824, LUSAKA, ZAMBIA, 0000 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for ARIF MOHAMMED
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TRADE KINGS (SOUTH AFRICA) (PTY) LTD |
M2005/005710/07 |
In Business |
8 Years 3 Months |
0 |
No |
|
Principal's Previous
Business Interests - No information on record
Principal's Deeds
Information - No information on record
Principal - 8of 8
ADAM AYYUB
|
Surname |
AYYUB |
|
First Name |
ADAM |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
ZK070747 |
|
Verified ID Number |
No |
|
Current Age |
55 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2005/07/29 |
|
Physical Address (at time of Appointment) |
19B/737 MWEMBELELO ROAD, EMMASDALE, LUSAKA, ZAMBIA, 0000 |
|
Postal Address |
P 0 BOX 30824, LUSAKA, ZAMBIA, 0000 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
forADAM AYYUB
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TRADE KINGS (SOUTH AFRICA) (PTY) LTD |
M2005/005710/07 |
In Business |
8 Years 3 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.56.42 |
|
UK Pound |
1 |
Rs.86.54 |
|
Euro |
1 |
Rs.73.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.