|
Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
EVERTRADE (PTY)LTD |
|
|
|
|
Registered Office : |
1st
Floor Eurocentre South, 363 Rivonia Road, Boulevard, 2191 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
23.03.2000 |
|
|
|
|
Com. Reg. No.: |
M2000/005644/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
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 : |
Unknown |
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
EVERTRADE
(PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
JENNY
RAE - 0118075345 |
|
Assessment |
On
investigation contact was made with the Financial Manager JENNY RAE who declined
to assist with any information on the subject. The subject requested the name
of the principal enquirer before any information is revealed. A questionnaire
was sent to the subject to provide basic information. Should you wish to
provide the identity of your client please advise soonest. Please see the
available information on the subject below. |
|
Registered
Name |
EVERTRADE
(PTY)LTD |
|
Trading
as/ Division Name |
NONE |
|
Previous
Name |
NONE |
|
Date
of Name Change |
Sep 9 2002 12:00AM |
|
Registration
Number |
M2000/005644/07 |
|
Registration
Date |
2000/03/23 |
|
Date
Commenced Trading |
2000-03-23 |
|
Age
of Business |
13
Years |
|
History
of Business |
The
subject was established as a new business in 2000 and operations commenced
immediately. The subject underwent a name change in September 2002. |
|
History
of Principals |
There
is 1 active director within the business |
|
Shareholders/Members/Partners
of subject and % holding |
100
% - TONY MICHAEL STRIKE |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
In
Business |
|
Major
Industry Code / SICC |
9000 |
|
Definition
of Code |
Other
activities not adequately defined. |
|
Head
Office Physical Address |
1st
FLOOR EUROCENTRE SOUTH, 363 RIVONIA ROAD, BOULEVARD, 2191 |
|
Head
Office Postal Address |
PO
BOX 2386, RIVONIA, 2128 |
|
Current
Tel Number |
0118075345 |
|
Current
Email Address |
|
Company
Registered Name |
KAROLIA
JEENA INC |
|
Trading
Name |
KAROLIA
JEENA |
|
Registration
Number |
M2000/007138/21 |
|
Physical
Address |
8A
KEYES AVENUE, 2ND FLOOR NSI HOUSE, ROSEBANK, 2196 |
|
Postal
Address |
PRIVATE
BAG X2677, SAXONWOLD, 2132 |
|
Principals |
3 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
No |
|
Practice
Number |
920037E |
|
VAT
Number |
4830188605 |
|
Tax
Number |
9174104142 |
|
BEE
Status |
|
|
Financial
Year End |
February |
|
No
of years in Business |
Unknown |
|
Website |
Unavailable |
|
Comment |
|
|
Previous
Auditors |
|
|
Company
Name Phone
Number Time with previous
auditors Comment |
|
|
WILLIAMS
BATWELL AND COMPANY |
Unknown |
|
Vat
Number |
4140188915 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2000/07/01 |
|
Tax
Number |
9125151143 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
January |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
7.00 |
|
Expire
Date |
|
|
BEE
Certificate Available |
No |
|
Comment |
|
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 |
Organisation
Chart
|
Level |
Position |
Name |
Comment |
1 I DIRECTOR I TONY MICHAEL
Company
Structure (Ownership
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100
% - TONY MICHAEL STRIKE |
EVERTRADE
(PTY)LTD |
|
|
Key
Deals - No Information on Record
Trade
References Information - No Information on Record
Adverse
Information on Subject
Judgements
|
Judgements |
1 |
|
Possible
Judgements |
1 |
|
Civil
Court |
VEREENIGING
M |
|
RDs |
No
Information on Record |
|
Comment |
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 |
47 |
|
Active
Principals Principal - 1of 1 TONY STRIKE |
|
|
Surname |
STRIKE |
|
First
Name |
TONY |
|
Other
Names |
MICHAEL |
|
Marital
Status |
Married |
|
ID
Number |
6603014502900 |
|
Verified
ID Number |
Yes |
|
Current
Age |
47 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2002/05/30 |
|
Physical
Address (at time of Appointment) |
35
RUGGERHILL HOLKIM R, PAULSHOF, 2056 |
|
Postal
Address |
P
O BOX 2386, RIVONIA, 2128 |
|
Current
Tel Number |
0118075345 |
|
Cell
number |
|
|
Shareholding/Membership |
100
% |
Principal's
Adverse - No information on record
Business
Information forTONY STRIKE
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
EVERTRADE
(PTY)LTD |
M2000/005644/07 |
In
Business |
13
Years |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business I 11 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
WAVELENGTHS
49 (PTY)LTD |
M2001/024949/07 |
In
Business |
11
Years 5 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.37 |
|
|
1 |
Rs.82.07 |
|
Euro |
1 |
Rs.70.03 |
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.