|
Report Date : |
05.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
THE FOSCHINI GROUP LTD |
|
|
|
|
Formerly Known As : |
FOSCHINI
(PTY) LTD |
|
|
|
|
Registered Office : |
Stanley
Lewis Centre, 340 Voortrekker Road, Parow East, 7500 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
10.04.1937 |
|
|
|
|
Com. Reg. No.: |
M1937/009504/06 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale
trade in precious stones, jewellery and silverware |
|
|
|
|
No. of Employees : |
15000 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. 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. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing 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 |
THE
FOSCHINI GROUP LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
BEVERLY
PAULSE - Accounts |
|
Assessment |
This is
a well-established and well -connected business. On investigation contact was
made with BEVERLY PAULSE in the accounts department who assisted with the
information on the subject. The company has been in operation since 1926.
Trade References and Banking details were declined as the identity of the
principal enquirer is unknown. No adverse information was revealed on file.
The subject would like the name of the principal enquirer to be revealed
before they may provide further information. Please see the information
obtained below. |
|
Registered
Name |
THE
FOSCHINI GROUP LTD |
|
Trading
as/ Division Name |
TFG
JEWELLERY DIVISION |
|
Previous
Name |
FOSCHINI
(PTY) LTD |
|
Date of
Name Change |
Sep 16
2010 12:00AM |
|
Registration
Number |
M1937/009504/06 |
|
Registration
Date |
1937/04/10 |
|
Date
Commenced Trading |
1926 |
|
Age of
Business |
75 Years
10 Months |
|
History
of Business |
THE
FOSCHINI GROUP LTD trading as TFG JEWELLERY DIVISION was established in 1926.
The subject underwent a name change from THE FOSCHINI GROUP (PTY) LTD to the
current name in april 1937. The Jewellery division turnover continued to
improve by 11,5%. THE FOSCHINI GROUP LTD has the following stores accross the
country: FOSCHINI, MARKHAM, EXACT!, TFG SPORTS, TFG JEWELLERY, @HOME, TFG
FINANCIAL SERVICES, RCS GROUP, SUPPLY CHAIN, TFG MERCHANDISE PROCUREMENT, TFG
DESIGN CENTRE, TFG FINANCE AND ADMINISTRATION, TFG HUMAN RESOURCES, TFG INFOTEC, TFG INTERNAL AUDIT, TFG LOGISTICS, TFG
PROPERTY, TFG SERVICES |
|
History
of Principals |
There
are currently 12 active directors. |
|
Shareholders/Members/Partners
of subject and % holding |
55 % -
STANDARD BANK, no further information was made available regarding the
breakdown. |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
Jewelry division imports and produces it's goods. The stores retailing these
accross their stores are STERNS,AMERICAN SWISS and MATRIX |
|
Industry/
Customers |
Retail
trade to the public |
|
Export |
Yes |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
61393 |
|
Definition
of Code |
Wholesale
trade in precious stones, jewellery and silverware |
|
Head
Office Physical Address |
STANLEY
LEWIS CENTRE, 340 VOORTREKKER ROAD, PAROW EAST, 7500 |
|
Head
Office Postal Address |
P O BOX
6020, PAROW EAST, 7501 |
|
Current
Tel Number |
021 938
1911 |
|
Cell
Number |
None |
|
Current
Fax Number |
021 938
7666 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
KPMG INC |
|
Trading
Name |
KPMG |
|
Registration
Number |
1999/021543/21 |
|
Physical
Address |
5
Dimitri Crescent, Platinum Park, Bendor, POLOKWANE, 0699 |
|
Postal
Address |
P O BOX
1662, PORT ELIZABETH, 6000 |
|
Contact
Person |
|
|
Contact
Number |
0152984400 |
|
Principals |
205 |
|
Judgements
Against Subject |
No
information found on file |
|
Judgements
Against Principals |
No
information found on file |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
900141F |
|
VAT
Number |
4530188665 |
|
Tax
Number |
9559555843 |
|
Financial
Year End |
August |
|
No of
years in Business |
13 Years
2 Months |
|
Website |
|
|
Comment |
|
|
Previous Auditors |
|
|
Company
Name Phone
Number Time with previous
auditors Comment |
|
|
ARTHUR
ANDERSON AND COMPANY |
Unknown |
|
Vat
Number |
4210187250 |
|
Status |
ACTIVE |
|
Tax
Number |
9925133713 |
|
Financial
Year End |
MARCH |
|
Comment |
VAT
NUMBER IS REGISTERED IN THE NAME OF FOSCHINI RETAIL GROUP (PTY) LTD |
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
4.00 |
|
Expire
Date |
|
|
BEE
Certificate Available |
Yes |
|
Comment |
|
|
|
|
|
ISO
Information - No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
|
Subsidiary
Company |
The RCS
Group |
|
Shareholding |
The
Foschini Group (TFG) (55%) |
|
Registration
Number |
2005/029295/07 |
|
Import /
Export |
None |
|
Comment |
Standard
Bank holds the remainder of the shares (45%). |
|
Employees |
|
|
Number
of Employees |
15000 |
|
1.
Salaried employees |
10000 |
|
2. Waged
employees |
|
|
3.
Permanent employees |
|
|
4.
Casual employees |
|
|
5.
Contracted employees |
|
|
Comment |
The
remaining 5000 staff members comprise of casual and waged staff for the
entire TFG Group |
|
Company
Fleet |
|
|
Company
Fleet |
No of
vehicles: |Ownerd/Leased Value putstanding Balance |
|
Fleet
Operations |
|
|
The
Fleet is made up of |
|
|
Comment |
There
are vehicles registered in the name of the company |
|
Light
delivery Vehicles |
Owned |
Offices
|
Offices |
Offices |
|
|
Head
Office Owned/ Rented |
Owned |
|
|
Lease
Agreement |
None |
|
|
Lease
Expire Date |
None |
|
|
Type of
Premises |
Office
and warehouse |
|
|
Comment |
|
|
|
Branch
Information |
||
|
Branches
Names |
Country |
Province |
|
There
are 1700 stores accross South Africa |
South
Africa |
|
|
Branch
Detail Information |
||
|
Branches
Owned/ Rented |
|
|
|
Rental
Company |
||
|
Owned by |
|
|
|
Value |
||
|
Bond |
|
|
|
Bank |
||
|
Lease
Agreement |
||
|
Lease
Expire Date |
||
|
Type of
Premises |
Retail
Shops |
|
|
Comment |
||
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Group
Director - TFG Financial Services |
P S
MEIRING |
Joined
the company in 1983 |
2 I CEO I A D MURRAY
|
3 |
Retail
Director of Jewellery, |
M
MENDELSOHN |
|
|
|
Exact! |
|
|
4 I CFO I R STEIN
Company
Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
55 % -
STANDARD BANK |
THE
FOSHINI GROUP LTD |
|
|
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 Code
History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
Financial
Estimates
|
Comment |
TFG
UNAUDITED INTERIM CONDENSED CONSOLIDATED RESULTS FOR 2013 ATTACHED |
|
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 |
12 |
|
Average
Age of Active Principals |
55 |
|
Active
Principals Principal
- 1of 12 EDWIN OBLOWITZ |
|
|
Surname |
OBLOWITZ |
|
First
Name |
EDWIN |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
5707085027089 |
|
Verified
ID Number |
Yes |
|
Current
Age |
56 |
|
Designation |
CHARTERED
ACCOUNTANT |
|
Status |
Active |
|
Appointment
Date |
2010/10/01 |
|
Physical
Address (at time of Appointment) |
27A LA
CROIX AVENUE, FRESNAYE, CAPE TOWN, 8005 |
|
Postal
Address |
P O BOX
51609, WATERFRONT, WATERFRONT, 8002 |
|
Current
Tel Number |
0214662100 |
|
Cell
number |
0832725000 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forEDWIN OBLOWITZ
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
UNITED
TRUST (PTY)LTD |
M1926/008854/07 |
In
Business |
87 Years
3 Months |
0 |
No |
|
|
THE
FOSCHINI GROUP LTD |
M1937/009504/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
|
DGB
(PTY)LTD |
M1946/021311/07 |
In
Business |
67 Years
7 Months |
1 |
No |
|
|
TRENCOR
LTD |
M1955/002869/06 |
In
Business |
58 Years
10 Months |
0 |
No |
|
|
TRIALPHA
SPECIALISED INVESTMENTS (PTY)LTD |
M1967/012846/07 |
In
Business |
46 Years
10 Months |
0 |
No |
|
|
MOBILE
INDUSTRIES LTD |
M1968/014997/06 |
In
Business |
45 Years
9 Months |
0 |
No |
|
|
GRESHAM
PROPERTY INVESTMENTS (CAPE) (PTY)LTD |
M1969/002001/07 |
In
Business |
44 Years
8 Months |
0 |
No |
|
|
KERZFAM INVESTMENTS (PTY)LTD |
M1976/000516/07 |
In
Business |
37 Years
1 Months |
0 |
No |
|
|
CLIFTON
PROPERTY HOLDINGS (PTY)LTD |
M1983/004053/07 |
In
Business |
30 Years
6 Months |
0 |
No |
|
|
KERZNER
CAPE PROPERTIES (PTY)LTD |
M1983/008695/07 |
In
Business |
30 Years
6 Months |
0 |
No |
|
|
KERZNER
ESTATE (CAPE) (PTY)LTD |
M1983/008712/07 |
In
Business |
30 Years
6 Months |
0 |
No |
|
|
KERZNER PROPERTIES
(HOUT BAY) (PTY)LTD |
M1985/005489/07 |
In
Business |
28 Years
4 Months |
0 |
No |
|
|
ROCKVILLE PROPERTIES (PTY)LTD |
M1996/004252/07 |
In
Business |
17 Years
5 Months |
0 |
No |
|
|
CHAINPROPS
50 (PTY)LTD |
M1996/005569/07 |
In
Business |
17 Years
5 Months |
0 |
No |
|
|
CT
JEWISH COMMUNITY CENTRE (PTY)LTD |
M1998/004958/07 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
NEWINVEST
44 (PTY)LTD |
M2000/001488/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
STONEHAGE
FINANCIAL SERVICES (PTY)LTD |
M2000/021837/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
GRAHAM
BECK ENTERPRISES (PTY)LTD |
M2000/024662/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
ERNIE
ELS VINEYARDS (PTY)LTD |
M2003/023227/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
PERFECTLY
CREATIVE PROPERTIES (PTY)LTD |
M2003/029631/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
ERNIE
ELS WINES (PTY)LTD |
M2004/008991/07 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
QUICKVEST
211 (PTY)LTD |
M2004/015648/07 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
BOMBAY
SAPPHIRE PROPERTIES (PTY)LTD |
M2005/041359/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
DORMELL
PROPERTIES 551 (PTY)LTD |
M2005/041369/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business I 14 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
KINE
HOMES (PTY)LTD |
M1955/001585/07 |
In
Business |
58 Years
10 Months |
0 |
No |
|
|
SUN
INTERNATIONAL LTD |
M1967/007528/06 |
In
Business |
46 Years
10 Months |
0 |
No |
|
|
ARTHUR
ANDERSEN SERVICES (PTY)LTD |
M1972/007176/07 |
Deregistration
Final |
41 Years
5 Months |
0 |
No |
|
|
ACPI
TRIALPHA (SA) (PTY)LTD |
M1976/002941/07 |
In
Business |
37 Years
1 Months |
0 |
No |
|
|
LIGHT
EDGE HOLDINGS (PTY)LTD |
M1999/021988/07 |
|
14 Years
2 Months |
0 |
No |
|
|
FILTRON INVESTMENTS (PTY)LTD |
M2000/025814/07 |
Deregistration
Final |
13 Years
1 Months |
0 |
No |
|
|
SOUTHERN
SPIRIT PROPERTIES 177 (PTY)LTD |
M2006/001099/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
FIREFLY
INVESTMENTS 137 (PTY)LTD |
M2007/022623/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
FIREFLY
INVESTMENTS 141 (PTY)LTD |
M2007/022989/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
FIREFLY
INVESTMENTS 140 (PTY)LTD |
M2007/022990/07 |
Deregistration
Final |
6 Years
6 Months |
0 |
No |
|
|
FIREFLY
INVESTMENTS 138 (PTY)LTD |
M2007/022996/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
MIRIAM
MAKEBA FILM PROJECT (PTY)LTD |
M2007/023127/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
STONEHAGE
INVESTMENT PARTNERS (SOUTH AFRICA) (PTY)LTD |
M2007/023139/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
SOUTHERN
SPIRIT PROPERTIES 230 (PTY)LTD |
M2007/030459/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
ADVISION
MEDIA (PTY)LTD |
M2008/007239/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
NEXT
GENERATION NETWORK INVESTMENTS (PTY)LTD |
M2008/007729/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
RADIO O2
1 (PTY)LTD |
M2008/007809/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
SAMBAK MANUFACTURING
(PTY)LTD |
M2008/007829/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
ADVENTUM
AVIATION (PTY)LTD |
M2008/008002/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
MIDNIGHT
FEAST PROPERTIES 78 (PTY)LTD |
M2008/016289/07 |
Deregistration
Final |
5 Years
5 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 2of 12 PETER MEIRING
|
Surname |
MEIRING |
|
First
Name |
PETER |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
5508095124001 |
|
Verified
ID Number |
Yes |
|
Current
Age |
58 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2009/04/01 |
|
Physical
Address (at time of Appointment) |
111
WELGEDACHT DRIVE, BELGRAVIA, BELLVILLE, Western Cape, 7530 |
|
Postal
Address |
P O BOX
6020, PAROW EAST, PAROW, Western Cape, 7501 |
|
Current
Tel Number |
0219387235 |
|
Cell
number |
0832515301 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forPETER MEIRING
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
RCS HOME
LOANS (PTY)LTD |
2005/020504/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
RETAIL
CREDIT SOLUTIONS (PTY)LTD |
M1933/004374/07 |
In
Business |
80 Years
8 Months |
0 |
No |
|
|
THE
FOSCHINI GROUP LTD |
M1937/009504/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
|
RCS
PERSONAL FINANCE (PTY)LTD |
M1968/008240/07 |
In
Business |
45 Years
9 Months |
0 |
No |
|
|
FOSCHINI
RETAIL GROUP (PTY)LTD |
M1988/007302/07 |
In
Business |
25 Years
1 Months |
1 |
No |
|
|
FOSCHINI
SERVICES (PTY)LTD |
M1999/028264/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
RCS
INVESTMENT HOLDINGS (PTY)LTD |
M2000/017884/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
RCS
CARDS (PTY)LTD |
M2000/017891/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
SIMPLY
FINANCE (PTY)LTD |
M2001/021513/07 |
|
0 |
0 |
No |
|
|
PIENAAR
SITHOLE AND ASSOCIATES (PTY)LTD |
M2008/009438/07 |
In Business |
5 Years
5 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Average
Age of Previous Business I 11 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
SIMPLY
GUARANTEE (PTY)LTD |
M2002/026508/07 |
Deregistration
Final |
11 Years
11 Months |
0 |
No |
|
Principal
- 3of 12 NOMAHLUBI SIMAMANE
|
Surname |
SIMAMANE |
|
First
Name |
NOMAHLUBI |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
5904140816081 |
|
Verified
ID Number |
|
|
Current
Age |
54 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2009/02/23 |
|
Physical
Address (at time of Appointment) |
90
BARKSTON DRIVE, CORNER CONRAD AVENUE, BLAIRGOWRIE, GAUTENG, 2194 |
|
Postal
Address |
PO BOX
3677, PINEGOWRIE, JOHANNEBURG, GAUTENG, 2123 |
|
Current
Tel Number |
0112680238 |
|
Cell number |
0827837734 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forNOMAHLUBI SIMAMANE
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
EDU-SPACE
(PTY)LTD |
K2013/014806/07 |
In
Business |
0 |
0 |
No |
|
|
THE
FOSCHINI GROUP LTD |
M1937/009504/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
|
OCEANA
GROUP LTD |
M1939/001730/06 |
In
Business |
74 Years
2 Months |
0 |
No |
|
|
COMBINED
ARTISTIC PRODUCTIONS (PTY)LTD |
M1981/004286/07 |
Conversion
CO/CC or CC/CO |
32 Years
8 Months |
0 |
No |
|
|
CASHBUILD
(RF) LTD |
M1986/001503/06 |
In
Business |
27 Years
3 Months |
0 |
No |
|
|
PLAYMETER
LEISURE SERVICES (PTY)LTD |
M1997/015213/07 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
ZANUSI
MARKETING CONSULTANTS (PTY)LTD |
M1998/004268/07 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
SONG OF
AFRICA MUSIC CONTEST (PTY)LTD |
M2006/020467/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business I 13 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
KISURA
CC |
2004/065634/23 |
Deregistration
Final |
9 Years
9 Months |
0 |
No |
|
|
BLGK
BATES (PTY)LTD |
M1982/008794/07 |
Dissolved |
31 Years
7 Months |
0 |
No |
|
|
PRIMEDIA
FACE 2 FACE (PTY)LTD |
M1990/007033/07 |
In
Business |
23 Years
11 Months |
0 |
No |
|
|
PONTECH INTERNATIONAL (PTY)LTD |
M1991/004562/07 |
Deregistration
Final |
22 Years
10 Months |
0 |
No |
|
|
THE
OXYGEN TANK (PTY)LTD |
M1996/005050/07 |
Deregistration
Final |
17 Years
5 Months |
0 |
No |
|
|
ETANA
INSURANCE COMPANY LTD |
M2001/009647/06 |
In Business |
|
0 |
No |
|
|
REABUNA INVESTMENTS (PTY)LTD |
M2002/005594/07 |
Deregistration
Final |
11 Years
11 Months |
0 |
No |
|
|
TODAYS
TRUSTEE PUBLISHING (PTY)LTD |
M2002/008439/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
NANTSO
HOLDINGS (PTY)LTD |
M2002/009653/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
DODO
RENEWABLE ENERGY (PTY)LTD |
M2002/016632/07 |
Deregistration
Final |
11 Years
11 Months |
0 |
No |
|
|
HH
WELLNESS PARADISE (PTY)LTD |
M2002/029832/07 |
Deregistration
Final |
11 Years
11 Months |
0 |
No |
|
|
FIRM
FAVOURITE INVESTMENTS 5 (PTY)LTD |
M2006/037344/07 |
Deregistration
Final |
7 Years
7 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
|
Principal
- 4of 12 KHANYISILE DHLOMO |
|
|
Surname |
DHLOMO |
|
First
Name |
KHANYISILE |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
7212170278083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
41 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2009/02/23 |
|
Physical
Address (at time of Appointment) |
77
CULROSS DRIVE, BRYANSTON, 2191 |
|
Postal
Address |
P O BOX
2077, LONEHILL, 2062 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forKHANYISILE DHLOMO Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
NDALO LUXURY VENTURES (PTY)LTD |
K2012/070783/07 |
In
Business |
1 Years
1 Months |
0 |
No |
|
|
THE
FOSCHINI GROUP LTD |
M1937/009504/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
|
OD
INVESTMENTS (PTY)LTD |
M1995/004517/07 |
In
Business |
18 Years
6 Months |
0 |
No |
|
|
RHEEM
SOUTH AFRICA (PTY)LTD |
M2001/023891/07 |
In
Business |
0 |
0 |
No |
|
|
KOUGA
PACK (PTY)LTD |
M2005/020484/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
NDALO
MEDIA (PTY)LTD |
M2007/005856/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
POWER 98
9 FM (PTY)LTD |
M2009/008553/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
FRIEDSHELF
1136 (PTY)LTD |
M2009/021511/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
ROSTRAFLEX
(PTY)LTD |
M2010/008039/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Average
Age of Previous Business I 16 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
KHANDLOMO
PROPERTIES CC |
B1994/035015/23 |
Deregistration
Final |
19 Years
7 Months |
0 |
No |
|
|
KDM
PRODUCTIONS CC |
B1996/062277/23 |
Deregistration
Final |
17 Years
5 Months |
0 |
No |
|
|
MKHIZE MORRIS
MEDIA CC |
B1999/049550/23 |
Deregistration
Final |
14 Years
2 Months |
0 |
No |
|
|
NEWSHELF
162 (PTY)LTD |
M1997/001301/07 |
Deregistration
Final |
16 Years
4 Months |
0 |
No |
|
Principal
Previous Business Interest
Principal's
Adverse - No information on record
Principal - 5of 12 DEE SHEARD
|
Surname |
SHEARD |
|
First
Name |
DEE |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
7307150145086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
40 |
|
Designation |
|
|
Status |
Active |
|
Appointment
Date |
2007/02/15 |
|
Physical
Address (at time of Appointment) |
3 BAX
STREET, DE ZALZE WINE LANDS ESTATE, STELLENBOSCH, 7600 |
|
Postal
Address |
P O BOX
6020, PAROW EAST, PAROW, Western Cape, 7501 |
|
Current
Tel Number |
0219132612 |
|
Cell
number |
0836564083 |
|
Shareholding/Membership |
0.0000 |
Business
Information forDEE SHEARD
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
RELAY
JEANS LTD |
1937/009137/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
|
FOSCHINI
PROPERTY HOLDINGS LTD |
1946/022378/06 |
In
Business |
67 Years
7 Months |
0 |
No |
|
|
THE
FOSCHINI GROUP LTD |
M1937/009504/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
|
WHAT U
WANT TO WEAR (PTY)LTD |
M1938/010893/07 |
In
Business |
75 Years
3 Months |
0 |
No |
|
|
TROJAN ENTERPRISES (PTY)LTD |
M1964/008479/07 |
|
49 Years
1 Months |
0 |
No |
|
|
FOSCHINIDATA
(PTY)LTD |
M1967/005574/07 |
In
Business |
46 Years
10 Months |
0 |
No |
|
|
PAGES
STORES (PTY)LTD |
M1968/003249/07 |
In
Business |
45 Years
9 Months |
0 |
No |
|
|
RCS
PERSONAL FINANCE (PTY)LTD |
M1968/008240/07 |
In
Business |
45 Years
9 Months |
0 |
No |
|
|
FOSCHINI
FINANCE (PTY)LTD |
M1969/002927/07 |
In
Business |
44 Years
8 Months |
0 |
No |
|
|
EXACT
(PTY)LTD |
M1969/009855/07 |
In
Business |
44 Years
8 Months |
0 |
No |
|
|
SPORT
SCENE (PTY)LTD |
M1980/011694/07 |
In
Business |
33 Years
9 Months |
0 |
No |
|
|
FOSCHINI
STORES (PTY)LTD |
M1982/011893/07 |
In
Business |
31 Years
7 Months |
0 |
No |
|
|
TFG
APPAREL SUPPLY COMPANY (PTY)LTD |
M1982/011894/07 |
In
Business |
31 Years
7 Months |
0 |
No |
|
|
MARKHAMS
(PTY)LTD |
M1982/011897/07 |
In
Business |
31 Years
7 Months |
0 |
No |
|
|
AMERICAN
SWISS JEWELLERS (PTY)LTD |
M1982/011899/07 |
In
Business |
31 Years
7 Months |
0 |
No |
|
|
STERNS
JEWELLERS (PTY)LTD |
M1987/003734/07 |
In
Business |
26 Years
2 Months |
0 |
No |
|
|
FOSCHINI
PROPERTY (DURBAN)SHARE BLOCK (PTY)LTD |
M1988/004337/07 |
In
Business |
25 Years
1 Months |
0 |
No |
|
|
FOSCHINI
RETAIL GROUP (PTY)LTD |
M1988/007302/07 |
In
Business |
25 Years
1 Months |
1 |
No |
|
|
FOSCHINI
SERVICES (PTY)LTD |
M1999/028264/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
TOTALSPORTS
(PTY)LTD |
M1999/028265/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
RCS
INVESTMENT HOLDINGS (PTY)LTD |
M2000/017884/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
FOSCHINI
AT HOME (PTY)LTD |
M2000/017888/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
RCS
CARDS (PTY)LTD |
M2000/017891/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
SIMPLY
FINANCE (PTY)LTD |
M2001/021513/07 |
|
0 |
0 |
No |
|
|
PRESTIGE CLOTHING (PTY)LTD |
M2002/022233/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business I 12 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BRANSBY
TRADING (PTY)LTD |
M1988/060278/07 |
Deregistration
Final |
25 Years
1 Months |
0 |
No |
|
|
IDUTYWA
OUTFITTERS (PTY)LTD |
M1989/060189/07 |
Deregistration
Final |
|
0 |
No |
|
Principal's
Deeds Information - No information on record
|
Principal
- 6of 12 ALEXANDER MURRAY |
|
|
Surname |
MURRAY |
|
First
Name |
ALEXANDER |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
5703305223087 |
|
Verified
ID Number |
|
|
Current
Age |
56 |
|
Designation |
RETAILER |
|
Status |
Active |
|
Appointment
Date |
2007/02/04 |
|
Physical
Address (at time of Appointment) |
7 RAVINE
ROAD, BANTRY BAY, CAPE TOWN, CAPE
TOWN, 8005 |
|
Postal
Address |
PO BOX
6020, PAROW EAST, 7501 |
|
Current
Tel Number |
0219381774 |
|
Cell
number |
0825657000 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forALEXANDER MURRAY
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
RELAY
JEANS LTD |
1937/009137/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
|
FOSCHINI
PROPERTY HOLDINGS LTD |
1946/022378/06 |
In
Business |
67 Years
7 Months |
0 |
No |
|
|
RETAIL
CREDIT SOLUTIONS (PTY)LTD |
M1933/004374/07 |
In
Business |
80 Years
8 Months |
0 |
No |
|
|
THE
FOSCHINI GROUP LTD |
M1937/009504/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
|
WHAT U
WANT TO WEAR (PTY)LTD |
M1938/010893/07 |
In
Business |
75 Years
3 Months |
0 |
No |
|
|
TROJAN ENTERPRISES (PTY)LTD |
M1964/008479/07 |
|
49 Years
1 Months |
0 |
No |
|
|
FOSCHINIDATA
(PTY)LTD |
M1967/005574/07 |
In
Business |
46 Years
10 Months |
0 |
No |
|
|
PAGES
STORES (PTY)LTD |
M1968/003249/07 |
In
Business |
45 Years
9 Months |
0 |
No |
|
|
RCS
PERSONAL FINANCE (PTY)LTD |
M1968/008240/07 |
In
Business |
45 Years
9 Months |
0 |
No |
|
|
FOSCHINI
FINANCE (PTY)LTD |
M1969/002927/07 |
In
Business |
44 Years
8 Months |
0 |
No |
|
|
EXACT
(PTY)LTD |
M1969/009855/07 |
In
Business |
44 Years
8 Months |
0 |
No |
|
|
SPORT
SCENE (PTY)LTD |
M1980/011694/07 |
In
Business |
33 Years
9 Months |
0 |
No |
|
|
FOSCHINI
STORES (PTY)LTD |
M1982/011893/07 |
In
Business |
31 Years
7 Months |
0 |
No |
|
|
TFG
APPAREL SUPPLY COMPANY (PTY)LTD |
M1982/011894/07 |
In
Business |
31 Years
7 Months |
0 |
No |
|
|
MARKHAMS
(PTY)LTD |
M1982/011897/07 |
In
Business |
31 Years
7 Months |
0 |
No |
|
|
AMERICAN
SWISS JEWELLERS (PTY)LTD |
M1982/011899/07 |
In
Business |
31 Years
7 Months |
0 |
No |
|
|
STERNS
JEWELLERS (PTY)LTD |
M1987/003734/07 |
In
Business |
26 Years
2 Months |
0 |
No |
|
|
FOSCHINI
PROPERTY (DURBAN)SHARE BLOCK (PTY)LTD |
M1988/004337/07 |
In
Business |
25 Years
1 Months |
0 |
No |
|
|
FOSCHINI
RETAIL GROUP (PTY)LTD |
M1988/007302/07 |
In Business |
25 Years
1 Months |
1 |
No |
|
|
FOSCHINI
SERVICES (PTY)LTD |
M1999/028264/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
TOTALSPORTS
(PTY)LTD |
M1999/028265/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
RCS
INVESTMENT HOLDINGS (PTY)LTD |
M2000/017884/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
FOSCHINI
AT HOME (PTY)LTD |
M2000/017888/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
RCS
CARDS (PTY)LTD |
M2000/017891/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
PRESTIGE CLOTHING (PTY)LTD |
M2002/022233/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Average
Age of Previous Business I 12 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BRANSBY
TRADING (PTY)LTD |
M1988/060278/07 |
Deregistration
Final |
25 Years
1 Months |
0 |
No |
|
|
IDUTYWA
OUTFITTERS (PTY)LTD |
M1989/060189/07 |
Deregistration
Final |
|
0 |
No |
|
|
TREBLE
SPORTS (PTY)LTD |
M1999/028263/07 |
Conversion
CO/CC or CC/CO |
14 Years
2 Months |
0 |
No |
|
|
UMDLALO
FASHION (PTY)LTD |
M1999/028267/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
OUTADEBT
(PTY)LTD |
M2004/028906/07 |
In
Business |
9 Years
9 Months |
0 |
No |
|
Principal
Previous Business Interest
Principal
- 7of 12 FATIMA ABRAHAMS
|
Surname |
ABRAHAMS |
|
First
Name |
FATIMA |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
6208300240085 |
|
Verified
ID Number |
|
|
Current
Age |
51 |
|
Designation |
PROFESSOR |
|
Status |
Active |
|
Appointment
Date |
2003/03/03 |
|
Physical
Address (at time of Appointment) |
STONELODGE,
19 BOAT ROAD, ZEEKOEIVLEI, 7941 |
|
Postal
Address |
STONELODGE,
19 BOAT ROAD, ZEEKOEIVLEI, 7941 |
|
Current
Tel Number |
0219593184 |
|
Cell
number |
0761782315 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forFATIMA ABRAHAMS Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
FATIMA
ABRAHAMS CONSULTING CC |
B2004/084502/23 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
THE
FOSCHINI GROUP LTD |
M1937/009504/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
|
SUIDERLAND
ONTWIKKELINGSKO RPORASIE LTD |
M1966/004422/06 |
In
Business |
47 Years
11 Months |
0 |
No |
|
|
CLICKS
GROUP LTD |
M1996/000645/06 |
In
Business |
17 Years
5 Months |
1 |
No |
|
|
ILIAD
AFRICA LTD |
M1997/011938/06 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
TSIBA
EDUCATION |
M2004/005126/08 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
LEWIS
GROUP LTD |
M2004/009817/06 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
BDO
SOUTH AFRICA ADVISORY SERVICES (PTY)LTD |
M2006/006127/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
RIVERBEND
TRADE AND INVEST 58 (PTY)LTD |
M2006/034962/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
KAPELA
INVESTMENTS HOLDINGS (PTY)LTD |
M2006/036237/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
W AND A INVESTMENTS (PTY)LTD |
M2007/000075/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
LILUYE INVESTMENTS
51 (PTY)LTD |
M2007/006823/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
KAPELA
HOLDINGS (PTY)LTD |
M2009/007748/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
BDO RISK
ADVISORY SERVICES (PTY)LTD |
M2010/015322/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business 13 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
TSARONA INVESTMENTS (PTY)LTD |
2004/016065/07 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
BREAKING
GROUND PROPERTY INVESTMENTS (PTY)LTD |
2004/020374/07 |
Deregistration
Final |
9 Years
9 Months |
0 |
No |
|
|
ZAFRAM
INVESTMENTS CC |
2005/130165/23 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
VICTORIA
AND ALFRED WATERFRONT (PTY)LTD |
M1988/006340/07 |
In
Business |
25 Years
1 Months |
0 |
No |
|
|
TRANSNET
LTD |
M1990/000900/06 |
In
Business |
23 Years
11 Months |
44 |
No |
|
|
TRANSNET |
M1990/000900/30 |
In
Business |
23 Years
11 Months |
0 |
No |
|
|
V AND A
WATERFRONT DEVELOPMENTS (PTY)LTD |
M1998/001875/07 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
V AND A
WATERFRONT PROPERTIES (PTY)LTD |
M1998/004284/07 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
B2B
AFRICA HOLDINGS (PTY)LTD |
M1999/000659/07 |
Deregistration
Final |
14 Years
2 Months |
0 |
No |
|
|
TSARONA CONSULTING (PTY)LTD |
M2004/011997/07 |
Deregistration
Final |
9 Years
9 Months |
0 |
No |
|
|
TNS
RESEARCH SURVEYS (PTY)LTD |
M2004/012829/07 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
AFRICAN
BOOMERANG HOLDINGS (PTY)LTD |
M2006/028147/07 |
In Business |
7 Years
7 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 8of 12 WILSON CUBA
|
Surname |
CUBA |
|
First
Name |
WILSON |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
5503205752080 |
|
Verified
ID Number |
|
|
Current
Age |
58 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1998/01/04 |
|
Physical
Address (at time of |
50
WASHINGTON DRIVE, NORTHCLIFF, EXT 25, 2195 |
|
Appointment) |
|
|
Postal
Address |
P O
BOX 652286, BENMORE, 2010 |
|
Current
Tel Number |
0118024239 |
|
Cell
number |
0832656889 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forWILSON CUBA
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
KELLY
GROUP (S A) (PTY)LTD |
1999/026249/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
ERF 3402
NORTHCLIFF EXT 25 CC |
B1997/041363/23 |
Conversion
CO/CC or CC/CO |
16 Years
4 Months |
0 |
No |
|
|
THE
FOSCHINI GROUP LTD |
M1937/009504/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
|
SOUTH
AFRICAN EXPRESS AIRWAYS (PTY)LTD |
M1990/007412/07 |
In
Business |
23 Years
11 Months |
0 |
No |
|
|
THE
SOUTH AFRICA-REUNION ASSOCIATION |
M1996/012075/08 |
In
Business |
17 Years
5 Months |
0 |
No |
|
|
IV
TELECOMS (PTY)LTD |
M1999/012318/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
CUBACH
TRADING (PTY)LTD |
M1999/016096/07 |
|
14 Years
2 Months |
0 |
No |
|
|
SINAMA
JUMBA HOLDINGS (PTY)LTD |
M2000/013820/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
NEXT
GENERATION NETWORK TELECOMMUNICATI ONS (PTY)LTD |
M2001/003359/07 |
In
Business |
0 |
0 |
No |
|
|
SEBESO BENEFICIATION
(PTY)LTD |
M2003/002504/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
LITTLE
SWIFT INVESTMENTS 109 (PTY)LTD |
M2004/016513/07 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
DESTINY
CORPORATION HOLDINGS (PTY)LTD |
M2005/002362/07 |
In
Business |
8 Years
8 Months |
1 |
No |
|
|
PRIMARY
LOAN SERVICING (PTY)LTD |
M2005/041506/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
ANCHOR
PARK INVESTMENTS 33 (PTY)LTD |
M2007/010529/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
YIYO
HOLDINGS (PTY)LTD |
M2009/014770/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
Principal
Previous Business Interests
Average
Age of Previous Business 9 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
DESTINY
CORPORATION TRADING (PTY)LTD |
2004/016322/07 |
Deregistration
Final |
9 Years
9 Months |
0 |
No |
|
|
SHALAMUKA
CAPITAL (PTY)LTD |
2004/016808/07 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
SAFIKA
INVESTMENTS (PTY)LTD |
2004/021242/07 |
Deregistration
Process |
9 Years
9 Months |
0 |
No |
|
|
A1
DIAMONDS CC |
B2002/078821/23 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
G4S
INSURANCE (SA) LTD |
M1998/019212/06 |
In Business |
15 Years
3 Months |
0 |
No |
|
|
SAFIKA
TECHSUPPORT (PTY)LTD |
M1998/024386/07 |
Deregistration
Final |
15 Years
3 Months |
0 |
No |
|
|
FOX
SOFTWARE SYSTEMS (PTY)LTD |
M1999/024753/07 |
Deregistration
Final |
14 Years
2 Months |
0 |
No |
|
|
SAFIKA
(PTY)LTD |
M2001/000557/07 |
In
Business |
|
0 |
No |
|
|
RESULTANT
FINANCE (PTY)LTD |
M2002/020588/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
SAFIKA
RETAIL HOLDINGS LTD |
M2002/022723/06 |
Deregistration
Final |
11 Years
11 Months |
0 |
No |
|
|
SAFIKA
ENGINEERING (PTY)LTD |
M2002/030066/07 |
Deregistration
Final |
11 Years
11 Months |
0 |
No |
|
|
SAFIKA
FINANCIAL SERVICES (PTY)LTD |
M2002/030456/07 |
Deregistration
Final |
11 Years
11 Months |
0 |
No |
|
|
SAMKELA CONSORTIUM (PTY)LTD |
M2003/004523/07 |
Deregistration
Final |
10 Years
10 Months |
0 |
No |
|
|
QUANTUM
LEAP INVESTMENTS 740 (PTY)LTD |
M2003/008281/07 |
Deregistration
Final |
10 Years
10 Months |
0 |
No |
|
|
MAJESTIC
WARRIOR INVESTMENTS 13 (PTY)LTD |
M2003/011432/07 |
Deregistration
Final |
10 Years
10 Months |
0 |
No |
|
|
SAFIKA
PROJECTS EXECUTION GROUP (PTY)LTD |
M2003/011930/07 |
Deregistration
Final |
10 Years
10 Months |
0 |
No |
|
|
PLATTER INTERNATIONAL (PTY)LTD |
M2003/014065/07 |
Deregistration
Final |
10 Years
10 Months |
0 |
No |
|
|
SAFIKA
FUND MANAGEMENT (PTY)LTD |
M2003/029872/07 |
Deregistration
Final |
10 Years
10 Months |
0 |
No |
|
|
SAFIKA
CAPITAL PARTNERS (PTY)LTD |
M2003/029908/07 |
Deregistration
Final |
10 Years
10 Months |
0 |
No |
|
|
NREF
MANAGEMENT COMPANY (PTY)LTD |
M2004/006370/07 |
Deregistration
Final |
9 Years
9 Months |
0 |
No |
|
|
LEXSHELL
620 INVESTMENTS (PTY)LTD |
M2004/007521/07 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
LEXSHELL
618 INVESTMENTS (PTY)LTD |
M2004/007948/07 |
Deregistration
Final |
9 Years
9 Months |
0 |
No |
|
|
TUTUWA
STRATEGIC HOLDINGS 2 (PTY)LTD |
M2004/016377/07 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
ITC
BUSINESS ADMINISTRATORS (PTY)LTD |
M2005/023751/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
SAFIKA
OOSTHUIZENS TRANSPORT (PTY)LTD |
M2005/029332/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
|
Principal
- 9of 12 SAMUEL ABRAHAMS - PAT |
|
|
Surname |
ABRAHAMS
- PAT |
|
First
Name |
SAMUEL |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
3808305098082 |
|
Verified
ID Number |
|
|
Current
Age |
75 |
|
Designation |
|
|
Status |
Active |
|
Appointment
Date |
1998/01/04 |
|
Physical
Address (at time of Appointment) |
43 FITH
AVE, ILLOVO, SANDTON, 2196 |
|
Postal
Address |
P O BOX
461, NORTHLANDS, 2116 |
|
Current
Tel Number |
0214331455 |
|
Cell
number |
0836750009 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forSAMUEL ABRAHAMS - PAT Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
INVESTEC
LTD |
M1925/002833/06 |
In
Business |
88 Years
4 Months |
0 |
No |
|
|
THE
FOSCHINI GROUP LTD |
M1937/009504/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
|
FERBROS NOMINEES (PTY)LTD |
M1946/023363/07 |
In
Business |
67 Years
7 Months |
0 |
No |
|
|
FOURTH
NOMINEES (PTY)LTD |
M1966/001824/07 |
In
Business |
47 Years
11 Months |
0 |
No |
|
|
INVESTEC
BANK LTD |
M1969/004763/06 |
In
Business |
44 Years
8 Months |
1 |
No |
|
|
BETDOR
(PTY)LTD |
M1970/013245/07 |
Deregistration
Process |
43 Years
7 Months |
0 |
No |
|
|
INVESTEC
SECURITIES LTD |
M1972/008905/06 |
In
Business |
41 Years
5 Months |
0 |
No |
|
|
INVESTEC SECURITIES (PTY)LTD |
M1972/008905/07 |
In
Business |
41 Years
5 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business I 29 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ELLERINE
RETAIL LTD |
M1937/010108/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
|
KERZNER
HOTELS (PTY)LTD |
M1964/002179/07 |
Deregistration
Final |
49 Years
1 Months |
0 |
No |
|
|
TORQUAY
SECURITIES (PTY)LTD |
M1966/008806/07 |
Deregistration
Final |
47 Years
11 Months |
0 |
No |
|
|
KERZNER
HOLDINGS (PTY)LTD |
M1969/004842/07 |
Deregistration
Final |
44 Years
8 Months |
0 |
No |
|
|
NORHELINVESTMENTS
(PTY)LTD |
M1971/009599/07 |
Deregistration
Final |
42 Years
6 Months |
0 |
No |
|
|
ARTHUR
ANDERSEN SERVICES (PTY)LTD |
M1972/007176/07 |
Deregistration
Final |
41 Years
5 Months |
0 |
No |
|
|
JENTUS
(PTY)LTD |
M1973/002707/07 |
In
Business |
40 Years
4 Months |
0 |
No |
|
|
KERZFAM INVESTMENTS (PTY)LTD |
M1976/000516/07 |
In
Business |
37 Years
1 Months |
0 |
No |
|
|
KERZNER
FAMILY HOLDINGS (PTY)LTD |
M1981/011150/07 |
Deregistration
Final |
32 Years
8 Months |
0 |
No |
|
|
KERZNER
CAPE PROPERTIES (PTY)LTD |
M1983/008695/07 |
In
Business |
30 Years
6 Months |
0 |
No |
|
|
KERZNER
ESTATE (CAPE) (PTY)LTD |
M1983/008712/07 |
In
Business |
30 Years
6 Months |
0 |
No |
|
|
KERZNER
SECURITIES (PTY)LTD |
M1983/011548/07 |
Deregistration
Final |
30 Years
6 Months |
0 |
No |
|
|
AAF
INDUSTRIES PLC |
M1984/007323/10 |
Deregistration
Final |
29 Years
5 Months |
0 |
No |
|
|
SIBVEST
LTD |
M1985/000614/06 |
In
Business |
28 Years
4 Months |
0 |
No |
|
|
KERZNER
PROPERTIES (HOUT BAY) (PTY)LTD |
M1985/005489/07 |
In
Business |
28 Years
4 Months |
0 |
No |
|
|
GROUP ADMINISTRATORS
(PTY)LTD |
M1990/001651/07 |
Deregistration
Final |
23 Years
11 Months |
0 |
No |
|
|
ERF 1178 MORNINGSIDE (PTY)LTD |
M1997/000545/07 |
Deregistration
Final |
16 Years
4 Months |
0 |
No |
|
|
PHUMELELA
GAMING AND LEISURE LTD |
M1997/016610/06 |
In Business |
16 Years
4 Months |
0 |
No |
|
|
S A
JEWISH REPORT (PTY)LTD |
M1998/003429/07 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
THE
LARRY LIPSCHITZ CHARITABLE FOUNDATION |
M1998/005346/08 |
Deregistration
Final |
15 Years
3 Months |
0 |
No |
|
|
WORKFLOW
AND IMAGING SOLUTIONS (PTY)LTD |
M1998/007480/07 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
S A
JEWISH REPORT HOLDINGS |
M1998/008016/08 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
GRAYSTON
NOMINEES (PTY)LTD |
M1999/026840/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
NEWINVEST
44 (PTY)LTD |
M2000/001488/07 |
In Business |
13 Years
1 Months |
0 |
No |
|
|
ISL
NOMINEES (PTY)LTD |
M2000/010938/07 |
Deregistration
Final |
13 Years
1 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 10of 12 DENNIS POLAK
|
Surname |
POLAK |
|
First
Name |
DENNIS |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
4901015044089 |
|
Verified
ID Number |
Yes |
|
Current
Age |
64 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1996/12/18 |
|
Physical
Address (at time of |
216 OCEAN
VIEW DRIVE, FRESNAYE, 8001 |
|
Appointment) |
|
|
Postal
Address |
PO BOX
6020, PAROW EAST, 7501 |
|
Current
Tel Number |
0119743140 |
|
Cell
number |
0832511916 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forDENNIS POLAK
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
THE
FOSCHINI GROUP LTD |
M1937/009504/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business I 27 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
RCS HOME
LOANS (PTY)LTD |
2005/020504/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
FOSCHINI
PROPERTY DUMINY STREET ONE LTD |
M1904/001870/06 |
Deregistration
Final |
31 Years
7 Months |
0 |
No |
|
|
FOSCHINI
PROPERTY ADDERLEY STREET LTD |
M1904/002174/06 |
Deregistration
Final |
31 Years
7 Months |
0 |
No |
|
|
FOSCHINIDATA
(PTY)LTD |
M1967/005574/07 |
In
Business |
46 Years
10 Months |
0 |
No |
|
|
FOSCHINI
PROPERTY DUMINY STREET TWO (PTY)LTD |
M1968/001708/07 |
Deregistration
Final |
45 Years
9 Months |
0 |
No |
|
|
PAGES
STORES (PTY)LTD |
M1968/003249/07 |
In
Business |
45 Years
9 Months |
0 |
No |
|
|
RCS
PERSONAL FINANCE (PTY)LTD |
M1968/008240/07 |
In
Business |
45 Years
9 Months |
0 |
No |
|
|
FOSCHINI
FINANCE (PTY)LTD |
M1969/002927/07 |
In
Business |
44 Years
8 Months |
0 |
No |
|
|
EXACT
(PTY)LTD |
M1969/009855/07 |
In
Business |
44 Years
8 Months |
0 |
No |
|
|
SPORT
SCENE (PTY)LTD |
M1980/011694/07 |
In
Business |
33 Years
9 Months |
0 |
No |
|
|
FOSCHINI
STORES (PTY)LTD |
M1982/011893/07 |
In
Business |
31 Years
7 Months |
0 |
No |
|
|
TFG
APPAREL SUPPLY COMPANY (PTY)LTD |
M1982/011894/07 |
In
Business |
31 Years
7 Months |
0 |
No |
|
|
MARKHAMS
(PTY)LTD |
M1982/011897/07 |
In
Business |
31 Years
7 Months |
0 |
No |
|
|
AMERICAN
SWISS JEWELLERS (PTY)LTD |
M1982/011899/07 |
In
Business |
31 Years
7 Months |
0 |
No |
|
|
STERNS
JEWELLERS (PTY)LTD |
M1987/003734/07 |
In
Business |
26 Years
2 Months |
0 |
No |
|
|
FOSCHINI
PROPERTY (DURBAN)SHARE BLOCK (PTY)LTD |
M1988/004337/07 |
In
Business |
25 Years
1 Months |
0 |
No |
|
|
FOSCHINI
RETAIL GROUP (PTY)LTD |
M1988/007302/07 |
In
Business |
25 Years
1 Months |
1 |
No |
|
|
BRANSBY
TRADING (PTY)LTD |
M1988/060278/07 |
Deregistration
Final |
25 Years
1 Months |
0 |
No |
|
|
IDUTYWA
OUTFITTERS (PTY)LTD |
M1989/060189/07 |
Deregistration
Final |
|
0 |
No |
|
|
FOSCHINI
SERVICES (PTY)LTD |
M1999/028264/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
TOTALSPORTS
(PTY)LTD |
M1999/028265/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
RCS
INVESTMENT HOLDINGS (PTY)LTD |
M2000/017884/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
FOSCHINI
AT HOME (PTY)LTD |
M2000/017888/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
RCS
CARDS (PTY)LTD |
M2000/017891/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
PRESTIGE
CLOTHING (PTY)LTD |
M2002/022233/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 11of 12 DAVID NUREK
|
Surname |
NUREK |
|
First
Name |
DAVID |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
5001025091086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
63 |
|
Designation |
Director
|
|
Status |
Active |
|
Appointment
Date |
1990/11/05 |
|
Physical
Address (at time of Appointment) |
17 LE
SUER AVENUE, CONSTANTIA, 7800 |
|
Postal
Address |
P O BOX
1826, CAPE TOWN, 8000 |
|
Current
Tel Number |
0214102525 |
|
Cell
number |
0825679090 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forDAVID NUREK
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
SPRINGBOK
SUPPORTERS CLUB (PTY)LTD |
2001/021397/07 |
In
Business |
0 |
0 |
No |
|
|
THE
FOSCHINI GROUP LTD |
M1937/009504/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
|
INVESTEC
PROPERTY LTD |
M1947/025753/06 |
In
Business |
66 Years
6 Months |
0 |
No |
|
|
TRENCOR
LTD |
M1955/002869/06 |
In
Business |
58 Years
10 Months |
0 |
No |
|
|
DISTELL
GROUP LTD |
M1988/005808/06 |
In
Business |
25 Years
1 Months |
0 |
No |
|
|
MONARCH
INSURANCE COMPANY LTD |
M1994/003920/06 |
In
Business |
19 Years
7 Months |
0 |
No |
|
|
CLICKS
GROUP LTD |
M1996/000645/06 |
In
Business |
17 Years
5 Months |
1 |
No |
|
|
FEDSURE INTERNATIONAL LTD |
M1997/004664/06 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
TREBLE ENTERTAINMENT
(PTY)LTD |
M1999/028510/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
LEWIS
GROUP LTD |
M2004/009817/06 |
In
Business |
9 Years
9 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business I 16 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
SONNENBERG
HOFFMANN AND GALOMBIK INC |
M1993/000565/21 |
Deregistration
Final |
20 Years
8 Months |
0 |
No |
|
|
ERF 31
STEELEDALE PROPERTY INVESTMENTS (PTY)LTD |
M1993/001472/07 |
Deregistration
Final |
20 Years
8 Months |
0 |
No |
|
|
RIVERSIDE
PROPERTY INVESTMENTS (PTY)LTD |
M1993/001494/07 |
Deregistration
Final |
20 Years
8 Months |
0 |
No |
|
|
CAPRICORN
BUSINESS AND TECHNOLOGY PARK (PTY)LTD |
M1994/000031/07 |
In
Business |
19 Years
7 Months |
0 |
No |
|
|
MEADOWDALE
INDUSTRIAL INVESTMENTS (PTY)LTD |
M1994/000762/07 |
Deregistration
Final |
19 Years
7 Months |
0 |
No |
|
|
JET PARK
INDUSTRIAL INVESTMENTS (PTY)LTD |
M1994/000763/07 |
Deregistration
Final |
19 Years
7 Months |
0 |
No |
|
|
WATERVALPARK
PROPERTY INVESTMENTS (PTY)LTD |
M1994/000798/07 |
Deregistration
Final |
19 Years
7 Months |
0 |
No |
|
|
COMPAREX
HOLDINGS LTD |
M1994/002506/06 |
Dissolved |
19 Years
7 Months |
0 |
No |
|
|
CAPRICORN
INNOVATION AND TECHNOLOGY FOUNDATION |
M1994/006574/08 |
In
Business |
19 Years
7 Months |
0 |
No |
|
|
NON-SMOKERS
RIGHTS ASSOCIATION OF SOUTH AFRICA |
M1995/003886/08 |
Deregistration
Final |
18 Years
6 Months |
0 |
No |
|
|
NORWICH
HOLDINGS S A LTD |
M1995/010366/06 |
Dissolved |
18 Years
6 Months |
0 |
No |
|
|
SEKUNJALO
INVESTMENTS LTD |
M1996/006093/06 |
In
Business |
17 Years
5 Months |
0 |
No |
|
|
CAPE
TOWN PHILHARMONIC ORCHESTRA |
M1997/001759/08 |
Dissolved |
16 Years
4 Months |
0 |
No |
|
|
EDWARD
NATHAN SONNENBERGS TRUSTEES(PTY)LTD |
M1997/013478/07 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
PRIMA
TOY AND LEISURE GROUP (PTY)LTD |
M1997/015103/07 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
BOE LINK
NOMINEES (PTY)LTD |
M1997/018411/07 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
PICK N
PAY INSURANCE COMPANY LTD |
M1998/011242/06 |
Deregistration
Final |
15 Years
3 Months |
0 |
No |
|
|
CAPE
UNITED FOOTBALL CLUB (PTY)LTD |
M1998/017724/07 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
INVESTEC
EMPLOYEE BENEFITS HOLDINGS (PTY)LTD |
M1999/010727/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
ALLAN
GRAY PROPERTY INVESTMENTS LTD |
M1999/014347/06 |
Deregistration
Final |
14 Years
2 Months |
0 |
No |
|
|
F C
FORTUNE HOLDINGS LTD |
M2000/004943/06 |
Deregistration
Final |
13 Years
1 Months |
0 |
No |
|
|
ROWMOOR INVESTMENTS
NO 270 (PTY)LTD |
M2000/013303/07 |
Deregistration
Final |
13 Years
1 Months |
0 |
No |
|
|
SAAMBOU
EMPLOYEE SHARE INCENTIVE COMPANY NO 1 (PTY)LTD |
M2000/031532/07 |
Dissolved |
13 Years
1 Months |
0 |
No |
|
|
SAAMBOU
EMPLOYEE SHARE INCENTIVE COMPANY NO 2 (PTY)LTD |
M2000/031533/07 |
Dissolved |
13 Years
1 Months |
0 |
No |
|
|
SAAMBOU
EMPLOYEE SHARE INCENTIVE COMPANY NO 3 (PTY)LTD |
M2000/031534/07 |
Dissolved |
13 Years
1 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
|
Principal
- 12of 12 MICHAEL LEWIS |
|
|
Surname |
LEWIS |
|
First
Name |
MICHAEL |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
5901275045007 |
|
Verified
ID Number |
|
|
Current
Age |
54 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1989/12/01 |
|
Physical
Address (at time of Appointment) |
6 WADHAM GARDENS LONDON, LONDON NW3 3, 0000 |
|
Postal
Address |
P O BOX
6020, PAROW EAST, 7501 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forMICHAEL LEWIS
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
THE
FOSCHINI GROUP LTD |
M1937/009504/06 |
In
Business |
76 Years
4 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business I 45 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BRANSBYINVESTMENT
COMPANY LTD |
M1968/000204/06 |
Deregistration
Final |
45 Years
9 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
DIAMOND INDUSTRY –
INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
The diamond jewellery industry in India today may be
more than Rs 60000 mil and is rated amongst the fastest growing in the
world. Indi ranks third in the world in domestic diamond consumption.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
DIAMOND
SAGA – DIRTY DOZEN STUCK WITH 2K CR DEBT
This could be the biggest credibility crisis
the Indian diamond industry has ever faced. Fifteen banks run the risk of
losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two months
ago, they had not repaid these dues. Bankers believe many diamantaires
borrowed money during the economic downturn two years ago and diverted funds to
businesses like real estate and capital markets. Many of themselves made money
from these businesses but their diamond companies have gone sick and declared
insolvency.
-
Most of the money borrowed from the banks in the name
of their diamond business has been diverted in real estate and the share
market. The banks are not in a position to seize their properties because in
many cases, these were purchased in the name of their relatives and friends.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.05 |
|
|
1 |
Rs.82.75 |
|
Euro |
1 |
Rs.71.61 |
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.