MIRA INFORM REPORT
|
Report Date : |
29.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
KINETECH TRADING (PTY)LTD |
|
|
|
|
Registered Office : |
Unit
5, Caldan Heights, 25 Londonderry Crescent, Springfield |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
03.02.2012 |
|
|
|
|
Com. Reg. No.: |
K2012/020384/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
The
company is involved in the import of dyes, fabric pigments and chemicals |
|
|
|
|
No. of Employees : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
|
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 |
KINETECH
PTY LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
INAAMUL
HUQ KHOYRATTY - Director |
|
Assessment |
This
is a newly formed business. On investigation contact was made with INAAMUL
HUQ KHOYRATTY the director at the company. The company has been in business
for 1 Year 4 Months. No adverse information was revealed during the
investigation. INAAMUL HUQ KHOYRATTY has mentioned that he has no local
suppliers. Please see the information obtained below. |
|
Registered
Name |
KINETECH
TRADING (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
K2012/020384/07 |
|
Registration
Date |
2012/02/03 |
|
Date
Commenced Trading |
2012-02-03 |
|
Age
of Business |
1
Years 4 Months |
|
History
of Business |
KINETECH
TRADING (PTY)LTD was registered in February 2012. |
|
History
of Principals |
There
is currently one active director within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
100
% - INAAMUL HUQ KHOYRATTY |
|
Authorised
Share Capital |
R
0.00 |
|
Issued
Share Capital/Members Contribution |
R
0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
company is involved in the import of dyes,fabric pigments and chemicals |
|
Industry/
Customers |
Textile,
Plastic And Paint Industry |
|
Export |
Yes |
|
Export
Countries |
Botswana,Madagascar |
|
Import |
Yes |
|
Import
Countries |
India |
|
Major
Industry Code / SICC |
62609 |
|
Definition
of Code |
Other
retail trade not in stores |
|
Head
Office Physical Address |
UNIT
5, CALDAN HEIGHTS, 25 LONDONDERRY CRESCENT, SPRINGFIELD |
|
Head
Office Postal Address |
P
O BOX 37341, OVERPORT, 4067 |
|
Current
Tel Number |
0315639714 |
|
Cell
Number |
0824595383 |
|
Current
Fax Number |
0315647677 |
|
Current
Email Address |
|
|
Web
Site Address |
None |
|
Comments |
|
|
Company
Registered Name |
ABDUL
KHAN - ID NUMBER 4607085122081 |
|
Trading
Name |
KHAN
SALEJEE AND COMPANY |
|
Registration
Number |
SOLE
PROPRIETORSHIP |
|
Physical
Address |
103
QUEEN CITY BUILDING, 56 DENIS HURLEY STREET, CENTRAL, DURBAN, 4001 |
|
Postal
Address |
P
O BOX 48372, QUALBERT, 4078 |
|
Contact
Person |
ABDUL
KHAN |
|
Contact
Number |
0313066922 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
No
information found on file |
|
Judgements
Against Principals |
No
information found on file |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
910627E |
|
VAT
Number |
4150114876 |
|
Tax
Number |
Undisclosed |
|
BEE
Status |
Undisclosed |
|
Financial
Year End |
Undisclosed |
|
No
of years in Business |
Unknown |
|
Website |
None |
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4770260844 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
|
|
Tax
Number |
9160516184 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
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 |
|
|
Comment |
|
|
Workman's
compensation |
|
|
Registered |
No |
|
Compliance
Certified |
No |
|
Comment |
|
Subsidiaries
Information - No Information on Record
|
Employees |
|
|
Number
of Employees |
4 |
|
1.
Salaried employees |
4 |
|
2.
Waged employees |
0 |
|
3.
Permanent employees |
4 |
|
4.
Casual employees |
0 |
|
5.
Contracted employees |
0 |
|
Comment |
|
|
Company
Fleet |
|
|
Company
Fleet |
No
of vehicles:
Ownerd/Leased
Value
Outstanding Balance |
|
Fleet
Operations |
|
|
The
Fleet is made up of |
0 |
|
Comment |
|
|
Cars
0 |
|
Offices
|
Offices |
Offices |
|
|
Head Office Owned/
Rented |
Leased |
|
|
Rental
Company |
Undisclosed |
|
|
Owned
by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
Annual |
|
|
Lease
Expire Date |
|
|
|
Type
of Premises |
Office |
|
|
Comment |
|
|
|
Branch
Information |
||
|
Branches
Names |
Country |
Province |
|
There
are no reported branches |
South
Africa |
|
|
Branch
Detail Information |
||
|
Branches
Owned/ Rented |
|
|
|
Rental
Company |
|
|
|
Owned
by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type
of Premises |
|
|
|
Comment |
|
|
Organisation
Chart
|
Level |
Position |
Name |
Comment |
1 Director INAAMUL HUQ KHOYRATTY
Company
Structure (Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100
% - INAAMUL HUQ KHOYRATTY |
KINETECH
(PTY) LTD |
|
|
Key
Deals - No Information on Record
Trade
References
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
There
are no local suppliers to be provided as references |
|
|
|
|
Trade
References Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
|
|
|
|
|
|
|
Adverse
Information on Subject
Judgements
|
Judgements |
NONE |
|
Possible
Judgements |
NONE |
|
Civil
Court |
NONE |
|
RDs |
NONE |
|
Comment |
No
Information on Record |
Business
Rescue
|
Date
registered |
Business
rescue practitioner |
Contact
Information |
Details |
Comment |
|
|
THERE
IS NO INFORMATION |
No
Information on Record |
No
Information on |
No
Information on |
|
|
FOUND
ON FILE |
|
Record |
Record |
Default
Listings
|
Date |
Details |
Comment |
|
|
THERE
IS NO INFORMATION FOUND ON FILE |
No
Information on Record |
|
Notarial
Bonds |
||
|
Date |
Details |
Comment |
|
|
THERE
IS NO INFORMATION FOUND ON FILE |
No
Information on Record |
|
Bank |
NEDBANK |
|
Branch |
Undisclosed |
|
Brach
Code |
198765 |
|
Bank
Account Number |
Undisclosed |
|
Type
of Account |
Cheque |
|
Account
Name |
KINETECH
TRADING (PTY)LTD |
|
Overdraft
Facilities |
The
company does not require an overdraft facility as favorable credit balances
are maintained. |
|
Bank
Code |
P |
|
Bank
Comment |
A
bank code could not be obtained as the subject declined to provide a bank
account number. |
Bank
Code History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
Financial
Estimates
|
CURRENT
ASSETS |
|
|
Stock |
R
420000.00 |
|
Debtors |
R
250000.00 |
|
FIXED
ASSETS |
R
0.00 |
|
Plant,
Equipment, Vehicles |
R
0.00 |
|
Property |
R
0.00 |
|
CURRENT
LIABILITIES |
R
0.00 |
|
Creditors |
R
0.00 |
|
Loans/
From? |
R
0.00 |
|
Loan
Details |
|
|
LONG
TERM LIABILITIES |
R
0.00 |
|
Morgage
Bonds |
R
0.00 |
|
Previous
Year Turnover |
R1400000.00 |
|
Estimated
Current Year Turnover |
R1800000.00 |
|
Current
Turnover per month |
|
|
Current
Turnover per annum |
|
|
Comment |
|
|
Please
note the following: |
|
|
Turnover
and assets less than R 1,000,000.00 |
The
subject falls within the National Credit Act |
|
Turnover
and assets less than R 2,000,000.00 |
The
subject falls within the Consumer Protection Act |
Principals
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
52 |
|
Active
Principals Principal - 1of 1 INAAMUL KHOYRATTY |
|
|
Surname |
KHOYRATTY |
|
First
Name |
INAAMUL |
|
Other
Names |
HUQ |
|
Marital
Status |
Married |
|
ID
Number |
6112310000000 |
|
Verified
ID Number |
No |
|
Current
Age |
51
Years 6 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2012/02/03 |
|
Physical
Address (at time of Appointment) |
133
UNION CRESCENT, DURBAN NORTH, 4051 |
|
Postal
Address |
P
O BOX 37341, OVERPORT, 4067 |
|
Current
Tel Number |
0315639714 |
|
Cell
number |
0824595383 |
|
Shareholding/Membership |
100
% |
Principal's
Adverse - No information on record
Business
Information forINAAMUL KHOYRATTY
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
KINETECH
TRADING (PTY)LTD |
K2012/020384/07 |
In
Business |
1
Years 1 Months |
0 |
No |
|
|
ZARNAH
CC |
B2002/088119/23 |
In
Business |
11
Years 11 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.59.70 |
|
|
1 |
Rs.91.14 |
|
Euro |
1 |
Rs.77.97 |
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.