|
Report Date : |
15.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOLDKEYS
INTERNATIONAL (PTY)LTD |
|
|
|
|
Formerly Known As : |
GOLDKEYS
INTERNATIONAL PREPACKERS CC |
|
|
|
|
Registered Office : |
30
Jaco Place, Rossburgh, 4094 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
21.06.2010 |
|
|
|
|
Com. Reg. No.: |
M2010/012727/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale
trade in agricultural raw materials and livestock |
|
|
|
|
No. of Employees : |
130 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
GOLDKEYS
INTERNATIONAL (PTY)LTD |
|
Country |
SOUTH
AFRICA |
|
Subject
Contact Person |
RONNI
NAIDOO - Manager |
|
Assessment |
This
is an established business. On investigation contact was made with RONNI NAIDOO
the manager of the company who assisted with the required information.
GOLDKEYS INTERNATIONAL (PTY)LTD has been operating for over 21 years. The
company has one local provider and terms are met timeously. No adverse
information was revealed during the investigation. Please see the information
obtained below. |
|
Registered
Name |
GOLDKEYS
INTERNATIONAL (PTY)LTD |
|
Trading
as/ Division Name |
GOLDKEYS
INTERNATIONAL |
|
Previous
Name |
GOLDKEYS
INTERNATIONAL PREPACKERS CC |
|
Date
of Name Change |
2010-10-28 |
|
Registration
Number |
M2010/012727/07 |
|
Registration
Date |
2010/06/21 |
|
Date
Commenced Trading |
1992-01-01 |
|
Age
of Business |
3
Years 2 Months |
|
History
of Business |
GOLDKEYS
INTERNATIONAL (PTY)LTD was registered in 1992 as GOLDKEYS PREPACKS
CC(1992/004467/23) and underwent a name change to GOLDKEYS INTERNATIONAL
PREPACKS CC (2002/102773/23). In October 2010 the company underwent
simultaneous name change and conversion to the current name. |
|
History
of Principals |
There
is one active director |
|
Shareholders/Members/Partners
of subject and % holding |
100
% - ABDULLA ALLY |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
company is involved in the import and repackaging of grain. |
|
Industry/
Customers |
Wholesalers |
|
Export |
None |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
India |
|
Major
Industry Code / SICC |
61210 |
|
Definition
of Code |
Wholesale
trade in agricultural raw materials and livestock |
|
Head
Office Physical Address |
30
JACO PLACE, ROSSBURGH, 4094 |
|
Head
Office Postal Address |
P
O BOX 185, DURBAN, 4000 |
|
Current
Tel Number |
0314590800 |
|
Cell
Number |
0828019178 |
|
Current
Fax Number |
0314590801 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
PKF(DURBAN)INC |
|
Trading
Name |
PKF |
|
Registration
Number |
M2001/006100/21 |
|
Physical
Address |
2ND
FLOOR, 12 ON PALM BOULEVARD, GATEWAY |
|
Postal
Address |
P
O BOX 1858, DURBAN, 4000 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
0315735000 |
|
Email |
|
|
Principals |
15 |
|
Judgements
Against Subject |
There
is no information found on file |
|
Judgements
Against Principals |
There
is no information found on file |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
906352E |
|
VAT
Number |
4450223450 |
|
Tax
Number |
9049294144 |
|
BEE
Status |
Expired |
|
Financial
Year End |
February |
|
No
of years in Business |
2
Years 10 Months |
|
Website |
|
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4390257949 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2011/03/01 |
|
Tax
Number |
9131097181 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
3.00 |
|
Expire
Date |
May
92014 |
|
BEE
Certificate Available |
Yes |
|
Comment |
|
|
|
|
|
ISO
Information - No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
|
Company
Structure Subsidiaries |
||||
|
Subsidiary
Company |
There
are no reported subsidairies |
|||
|
Shareholding |
|
|||
|
Registration
Number |
|
|||
|
Import
/ Export |
|
|||
|
Comment |
|
|||
|
Employees |
||||
|
Number
of Employees |
130 |
|||
|
1.
Salaried employees |
130 |
|||
|
2.
Waged employees |
0 |
|||
|
3.
Permanent employees |
130 |
|||
|
4.
Casual employees |
0 |
|||
|
5.
Contracted employees |
0 |
|||
|
Comment |
|
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No
of vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
6 |
|||
|
Comment |
|
|||
|
Light
delivery Vehicles |
3
Owned |
|||
|
Cars |
3
Owned |
|||
Offices
|
Offices |
Offices |
|
|
Head
Office Owned/ Rented |
Owned |
|
|
Rental
Company |
|
|
|
Owned
by |
GOLDKEYS
INTERNATIONAL (PTY)LTD |
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
None |
|
|
Lease
Expire Date |
|
|
|
Type
of Premises |
Office
and Factory |
|
|
Comment |
|
|
|
Branch
Information |
||
|
Branches
Names |
Country |
Province |
|
GOLDKEYS
INTERNATIONAL (PTY)LTD-PIETERMARITZBURG |
South
Africa |
KWA-ZULU
NATAL |
|
Branch
Detail Information |
||
|
Branches
Owned/ Rented |
|
|
|
Rental
Company |
|
|
|
Owned
by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type
of Premises |
|
|
|
Comment |
|
|
Organisation
Chart
|
Level |
Position |
Name |
Comment |
1 Managing Director ABDULLA ALLY
Company
Structure (Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100
% - ABDULLA ALLY |
GOLDKEYS
INTERNATIONAL (PTY) LTD |
|
|
Key
Deals - No Information on Record
Trade
References
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
JONGOSI
WORLDWIDE |
031
4609100 |
R1500000.00 |
|
|
|
2 |
CP
INTERTRADE CO (THAILAND) |
00662-6467005 |
|
|
COMPANY
IS BASED IN THAILAND |
|
3 |
AL
GYAS EXPORTS PVT. LTD |
0991-2222151289 |
|
|
COMPANY
IS BASED IN MUMBAI |
Trade
References Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
2
Years |
R1500000.00 |
R10000000 |
3
Days |
R1000000 |
3
Days |
The
subject pays every three days. Excellent account |
|
2 |
|
|
|
|
|
|
|
|
3 |
|
|
|
|
|
|
|
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 |
FIRST
NATIONAL BANK |
|
Branch |
BLUFF |
|
Brach
Code |
250655 |
|
Bank
Account Number |
62321994833 |
|
Type
of Account |
CURRENT |
|
Account
Name |
GOLDKEYS
INTERNATIONAL (PTY)LTD |
|
Overdraft
Facilities |
Undisclosed |
|
Bank
Code |
Awaiting
Bank Code |
|
Bank
Comment |
|
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 |
41 |
|
Active
Principals Principal - 1of 1 ABDULLA ALLY |
|
|
Surname |
ALLY |
|
First
Name |
ABDULLA |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
7202095140820 |
|
Verified
ID Number |
Yes |
|
Current
Age |
41
Years 6 Months |
|
Designation |
Managing
Director |
|
Status |
Active |
|
Appointment
Date |
2010/10/06 |
|
Physical
Address (at time of Appointment) |
5
HIBISCUS PLACE, ASHERVILLE, DURBAN, 4091 |
|
Postal
Address |
P
O BOX 185, DURBAN, 4000 |
|
Current
Tel Number |
0314590800 |
|
Cell
number |
0828019178 |
|
Shareholding/Membership |
100
% |
Principal's
Adverse - No information on record
Business
Information forABDULLA ALLY
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
GOLDKEYS INTERNATIONAL (PTY)LTD |
M2010/012727/07 |
In
Business |
3
Years 3 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.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.