|
Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
AZHARI
IMPORTS CC |
|
|
|
|
Registered Office : |
13
Westpark, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
10.06.2010 |
|
|
|
|
Com. Reg. No.: |
B2010/086626/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
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 |
AZHARI
IMPORTS CC |
|
Country |
South
Africa |
|
Subject
Contact Person |
RIDWAAN
RAZA - Managing Member |
|
Assessment |
On
investigation attempts made to contact the subject proved to be unsuccessful.
We have been unable to contact the number 0826609500 as it remains
un-answered. An email was forwarded to bluewaveseafoods@live.co.za,
to date no reply has been received. Attempts to find any further contact
details have proven to be successful. Should your client be able to provide
us with any further information that may assist with contacting the subject
further investigations will then be instituted. At present we do not possess
sufficient information to compile an assessment. Please see the available
information below. |
|
Registered
Name |
AZHARI
IMPORTS CC |
|
Trading
as/ Division Name |
AZHARI |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
B2010/086626/23 |
|
Registration
Date |
2010/06/10 |
|
Date
Commenced Trading |
2010-06-10 |
|
Age of
Business |
3 Years |
|
History
of Business |
The
subject was established as a new business in 2010 and operations commenced
immediately. |
|
History of
Principals |
There is
1 active member within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
100 % -
RIDWAAN RAZA |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Unavailable |
|
Industry/
Customers |
Unavailable |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
9000 |
|
Definition
of Code |
Other activities
not adequately defined. |
|
Head
Office Physical Address |
13
WESTPARK, 315 WEST ROAD, OVERPORT, 4000 |
|
Head
Office Postal Address |
PO Box
70973, Overport, DURBAN, KWAZULU NATAL, 4067 |
|
Current
Tel Number |
0826608240 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
Unavailable |
|
Current
Email Address |
|
|
Web Site
Address |
Unavailable |
|
Comments |
|
|
Company
Registered Name |
D.
NUNDKISORE & CO |
|
Trading
Name |
Unavailable |
|
Registration
Number |
Unavailable |
|
Physical
Address |
Unavailable |
|
Postal
Address |
PO BOX
5976, RESERVOIR HILLS, 4090 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
Unavailable |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
No |
|
Practice
Number |
943371 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No of
years in Business |
3 Years |
|
Website |
Unavailable |
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4220257234 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2011/01/18 |
|
Tax
Number |
Unavailable |
|
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
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
Organisation
Chart
|
Level |
Position |
Name |
Comment |
1 I Managing Member I RIDWAAN RAZA
Company
Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100 % -
RIDWAAN RAZA |
AZHARI
IMPORTS 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 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 |
33 |
|
Active
Principals Principal - 1of 1 RIDWAAN RAZA |
|
|
Surname |
RAZA |
|
First
Name |
RIDWAAN |
|
Other
Names |
None |
|
Marital
Status |
Single |
|
ID
Number |
8003115074086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
33 Years
3 Months |
|
Designation |
Managing
Member |
|
Status |
Active |
|
Appointment
Date |
2010/06/10 |
|
Physical
Address (at time of Appointment) |
FLAT5,
81 SILVER PALM ROAD, OVERPORT, 4091 |
|
Postal
Address |
FLAT5,
81 SILVER PALM ROAD, OVERPORT, 4091 |
|
Current
Tel Number |
0312078240 |
|
Cell
number |
|
|
Shareholding/Membership |
100 % |
Principal's
Adverse - No information on record
Business Information forRIDWAAN RAZA
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
AZHARI
IMPORTS CC |
B2010/086626/23 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
BIX-BERRY
110 CC |
B2011/090671/23 |
In
Business |
2 Years
2 Months |
0 |
No |
|
Principal Previous
Business Interests
Average
Age of Previous Business 7 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
RIA
LINEN CC |
B2006/174898/23 |
Deregistration
Final |
7 Years
7 Months |
0 |
No |
|
|
SWEET
AND SMOKERS WHOLESALERS CC |
B2005/108919/23 |
Deregistration
Process |
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.59.70 |
|
|
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
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.