MIRA INFORM REPORT

 

 

Report Date :

11.11.2013

 

IDENTIFICATION DETAILS

 

Name :

Asian Tiles World (PTY) LTD

 

 

Registered Office :

56 Davies Street, Doornfontein, Johannesburg, Gauteng, 2028

 

 

Country :

South Africa

 

 

Date of Incorporation :

13.02.2013

 

 

Com. Reg. No.:

K2013/024543/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacture of Household Appliances.

 

 

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 :

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. 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

ASIAN TILES WORLD (PTY) LTD

Country

South Africa

Subject Contact Person

JONATHAN GOVENDER - Managing Director

Assessment

This is an established business. On investigation we made contact with JONATHAN GOVENDER the managing director who declined to assist with any information on the subject. MR. GOVENDER requested the name of the principal enquirer before he may divulge any information. Please see the available information on the subject below.

 

 

company Information

 

Registered Name

ASIAN TILES WORLD (PTY)LTD

Trading as/ Division Name

ASIAN TILES WORLD

Previous Name

None

Date of Name Change

None

Registration Number

K2013/024543/07

Registration Date

2013/02/13

Date Commenced Trading

2013-02-13

Age of Business

9 Months

History of Business

The company commenced trading as a new company in February 2013.

History of Principals

There is currently 1 active director within the company

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

The subject manufactures ceramic walls and porcelain tiles

Industry/ Customers

Wholesalers and retailers

Export

None

Import

Unknown

Major Industry Code / SICC

35800

Definition of Code

Manufacture of household appliances

Head Office Physical Address

56 DAVIES STREET, DOORNFONTEIN, JOHANNESBURG, GAUTENG, 2028

Head Office Postal Address

56 DAVIES STREET, DOORNFONTEIN, JOHANNESBURG, GAUTENG, 2028

Current Tel Number

0114022048

Cell Number

Unavailable

Current Fax Number

Unavailable

Current Email Address

zaaccounts@aglasiangranito.com

Web Site Address

Unavailable

Comments

--

 

 

AUDITORS INFORMATION – NO INFORMATION ON RECORD

 

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

 

JUDGEMENTS - NO INFORMATION ON RECORD

 

BUSINESS RESCUE - 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

33

Active Principals

Principal - 1of 1

JONATHAN GOVENDER

Surname

GOVENDER

First Name

JONATHAN

Other Names

None

ID Number

8010305177082

Verified ID Number

Yes

Current Age

33 Years 1 Months

Designation

Managing Director

Status

Active

Appointment Date

2013/02/13

Physical Address (at time of Appointment)

305 ST LUCIA, KIRKBY ROAD, BEDFORDVIEW GARDENS, BEDFORDVIEW, GAUTENG, 2007

Postal Address

305 ST LUCIA, KIRKBY ROAD, BEDFORDVIEW GARDENS, BEDFORDVIEW, GAUTENG, 2007

Current Tel Number

0116156223

Cell number

0838776642

Shareholding/Membership

0.00

 

PRINCIPAL’S ADVERSE – NO INFORMATION ON RECORD

 

 

Business Information for JONATHAN GOVENDER

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ASIAN TILES WORLD (PTY)LTD

K2013/024543/07

In Business

0

0

No

 

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                               6 Years

 

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ISONDO PRECIOUS METALS (PTY)LTD

M2007/030358/07

In Business

6 Years

6 Months

0

No

 

SHAYONA IMPORT AND EXPORT CC

B2007/013747/23

In Business

6 Years

6 Months

0

No

 

 

PRINCIPAL'S DEEDS INFORMATION - NO INFORMATION ON RECORD

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.73

UK Pound

1

Rs.100.92

Euro

1

Rs.84.06

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

 

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.