MIRA INFORM REPORT

 

 

Report Date :

29.03.2013

 

IDENTIFICATION DETAILS

 

Name :

KINETECH TRADING (PTY)LTD

 

 

Registered Office :

Unit No 5, Rio Ridge Building, 489 Umgeni Road, Durban, 4001

 

 

Country :

South Africa

 

 

Date of Incorporation :

03.02.2012

 

 

Com. Reg. No.:

K2012/020384/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Not available 

 

 

No. of Employees :

Not available 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New company

 

 

Payment Behaviour :

Unknown 

 

 

Litigation :

---

 

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

(31.03.2012)

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 Unemployment remains high and outdated infrastructure has constrained growth.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

KINETECH TRADING (PTY)LTD

Country

South Africa

Assessment

On investigation we were unable to make contact with the business.

 

The contact number provided by yourselves is incorrect.

 

The address provided is the directors residential address.

 

Please advise if you may have any further contact information.

 

This is a newly established business having been registered in 2012.

 

Please see the available information on the subject below.

 

 

Company Information

 

Registered Name

KINETECH TRADING (PTY)LTD

Trading as/ Division Name

KINETECH TRADING

Previous Name

None

Registration Number

K2012/020384/07

Registration Date

2012/02/03

Date Commenced Trading

2012-02-03

Age of Business

1 Year 1 Month

History of Business

The subject was established as a new business in 2012.

History of Principals

There is 1 active director within the business.

Shareholders/Members/Partners of subject and % holding

Unavailable

Authorised Share Capital

R0.00

Issued Share Capital/Members Contribution

R0.00

Status

In Business

Operations Assessment

Unavailable

Industry/ Customers

Unavailable

Major Industry Code / SICC

9000

Definition of Code

Other activities not adequately defined.

Head Office Physical Address

UNIT NO 5, RIO RIDGE BUILDING, 489 UMGENI ROAD, DURBAN, 4001

Head Office Postal Address

UNIT NO 5, RIO RIDGE BUILDING, 489 UMGENI ROAD, DURBAN, 4001

Cell Number

0829273760

 

Auditors Information

 

Company Registered Name

KHAN SALEJEE AND COMPANY

Registration Number

4607085122057

Physical Address

5 DAINTREE AVENUE, SYDENHAM, DURBAN, 4001

Postal Address

P O BOX 48372, QUALBERT, 4078

Contact Person

ABDUL

Contact Number

0313066922

Principals

1

Subject Verified as Client

Yes

Practice Number

910627E

VAT Number

4150114876

Financial Year End

February

No of years in Business

Unknown

 

Previous Auditors Information - No Information on Record

 

Tax Information - No Information on Record

 

Black Economic Empowerment Information - No Information on Record

 

ISO Information - No Information on Record

 

Work Mans Information - No Information on Record

 

 

Company Structure

 

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

 

Organisational Chart - No Information on Record

 

Company Structure Information - No Information on Record

Note: One level up and all levels down

 

Key Deals - No Information on Record

 

Trade References Information - No Information on Record

 

 

Adverse Information on Subject

 

Business Rescue - No Information on Record

 

Judgements - 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

52

 

Active Principals Principal - 1of 1 INAAMUL KHOYRATTY

Surname

KHOYRATTY

First Name

INAAMUL

Other Names

HUQ

ID Number

6112310000000

Verified ID Number

No

Current Age

52

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

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information for lNAAMUL KHOYRATTY


 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ZARNAH CC

B2002/088119/23

In Business

10 Years 5 Months

0

No

 

KINETECH TRADING (PTY) LTD

K2012/020384/07

In Business

1 Years 1 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.54.39

UK Pound

1

Rs.82.32

Euro

1

Rs.69.54

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.