MIRA INFORM REPORT

 

 

Report Date :

29.03.2013

 

IDENTIFICATION DETAILS

 

Name :

SUPERIOR IMPEX CC

 

 

Formerly Known As :

IDEAL TRADING 460

 

 

Registered Office :

54 MAIN REEF ROAD, ANDERBOLT EXT 15, BOKSBURG, 1459

 

 

Country :

South Africa

 

 

Date of Incorporation :

04.04.2011

 

 

Com. Reg. No.:

B2011/048668/23

 

 

Legal Form :

Close corporation

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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

(31.03.2012)

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 Unemployment remains high and outdated infrastructure has constrained growth.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

 

Company name

 

Subject Name

SUPERIOR IMPEX CC

Country

South Africa

Enquiry Terms

COD

Account Review

Recommended Every 3 Months

Subject Contact Person

GAURAV BANSAL - Managing Member

Assessment

On investigation contact was made with the Managing Member GAURAV BANSAL who requested a questionnaire to be sent through. We await further information on the subject. Once received the same will be compiled and sent. Please see the available information for the subject below.

 

 

Company information

 

Registered Name

SUPERIOR IMPEX CC

Trading as/ Division Name

NONE

Previous Name

IDEAL TRADING 460

Date of Name Change

Aug 22 2012 12:00AM

Registration Number

B2011/048668/23

Registration Date

2011/04/04

Date Commenced Trading

2011 -04-04

Age of Business

1 Years 11 Months

History of Business

The subject purchased a shelf company, namely : IDEAL TRADING 460. In 2012 the subject underwent a name change from IDEAL TRADING 460 to SUPERIOR IMPEX CC.

History of Principals

There is 1 active member within the company.

Shareholders/Members/Partners of subject and % holding

100% - GAURAV BANSAL

Authorised Share Capital

R1000.00

Issued Share Capital/Members Contribution

R 100.00

Status

In Business

Operations Assessment

Deemed confidential

Industry/ Customers

Deemed confidential

Export

Yes

Export Countries

India

Import

Unknown

Import Countries

 

Major Industry Code / SICC

9000

Definition of Code

Other activities not adequately defined.

Head Office Physical Address

54 MAIN REEF ROAD, ANDERBOLT EXT 15, BOKSBURG, 1459

Head Office Postal Address

P 0 BOX 131198, NORTHMEAD, BENONI, 1511

Current Tel Number

0118925244

Cell Number

0721691777

Current Fax Number

None

Current Email Address

gaurav@fortunemetaliks.co.za

Web Site Address

None

Comments

 

 

 

Auditors information

 

Company Registered Name

DANIEL JACOBUS MEYER

Trading Name

 

Registration Number

 

Physical Address

6 Eleventh Avenue, Northmead, BENONI, 1501

Postal Address

PO Box 131198, NORTHMEAD, 1511

Contact Person

DANIEL JACOBUS MEYER

Contact Number

0114252691 / 2

Email

djmeyer@telkomsa.net

Principals

1

Judgements Against Subject

None

Judgements Against Principals

None

Subject Verified as Client

Yes

Practice Number

3393

VAT Number

 

Tax Number

 

BEE Status

 

Financial Year End

 

No of years in Business

2

Website

 

Comment

 

 

Previous Auditor’s 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 Fllet 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

MEMBER

GAURAV BANSAL

 

 

Company Structure (Ownership)

Note: One level up and all levels down

 

Holding

Company

Sub

Comment

100% - GAURAV BANSAL

SUPERIOR IMPEX CC

 

 

 

Key Deals                                – No Information On Record

 

Trade References Information - No Information On Record

Adverse Information on Subject

 

 

Principle

 

Number of Principals

1

Average Age of Active Principals

37

Active Principals

Principal - 1of 1

GAURAV BANSAL

Surname

BANSAL

First Name

GAURAV

Other Names

None

Marital Status

Married

ID Number

N6637853

Verified ID Number

No

Current Age

37

Designation

Managing Member

Status

Active

Appointment Date

2012/07/18

Physical Address (at time of Appointment)

UNIT NO 2, 126 DAISY ROAD, SANDTON, 1500

Postal Address

PO BOX 131198, NORTHMEAD, BENONI, 1511

Current Tel Number

0118925244

Cell number

0721691777

Shareholding/Membership

100%

 

Principal's Adverse - No information on record

 

Business Information forGAURAV BANSAL

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

SUPERIOR IMPEX CC

B2011/048668/23

In Business

1 Years 11 Months

0

No

 

AFRO PRIME TRADING (PTY)LTD

K2012/139989/07

In Business

7 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.54.38

UK Pound

1

Rs.82.32

Euro

1

Rs.69.54

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

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.