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Report Date : |
05.09.2013 |
IDENTIFICATION DETAILS
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Name : |
BON VIEW TRADING 144 (PTY)LTD |
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Registered Office : |
323 Lynnwood Road, Menlo Park, 0081 |
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Country : |
South Africa |
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Date of Incorporation : |
18.01.2010 |
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Com. Reg. No.: |
M2010/000759/07 |
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Legal Form : |
Private Company |
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Line of Business : |
· subject imports clothing and other household appliances ·
Retail trade in household furniture
appliances, articles and equipment |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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. State power supplier 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 |
BON VIEW TRADING 144 (PTY)LTD |
|
Country |
South Africa |
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Subject Contact Person |
MAHOMED SHAIK - Managing Director |
|
Assessment |
On investigation contact was made with MAHOMED SHAIK who requested the questionnaire to be sent for completion. After following up on the questionnaire on numerous occasions he requested more time to compile the information We are still awaiting further information on the subject. Please see the available information below. |
|
Registered Name |
BON VIEW TRADING 144 (PTY)LTD |
|
Trading as/ Division Name |
Unavailable |
|
Previous Name |
Unavailable |
|
Date of Name Change |
Unavailable |
|
Registration Number |
M2010/000759/07 |
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Registration Date |
2010/01/18 |
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Date Commenced Trading |
2010-01-18 |
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Age of Business |
3 Years 7 Months |
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History of Business |
The subject commenced trading as a new company in 2010. |
|
History of Principals |
There is currently 1 active director within the company. |
|
Shareholders/Members/Partners of subject and % holding |
100 % - MAHOMED SHAIK |
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Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
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Status |
In Business |
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Operations Assessment |
The subject imports clothing and other household appliances. |
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Industry/ Customers |
Game and all other major chain stores |
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Export |
Unknown |
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Import |
Unknown |
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Major Industry Code / SICC |
62330 |
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Definition of Code |
Retail trade in household furniture appliances, articles and equipment |
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Head Office Physical Address |
323 LYNNWOOD ROAD, MENLO PARK, 0081 |
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Head Office Postal Address |
P O BOX 35465, MENLO PARK, 0102 |
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Current Tel Number |
03120760400 |
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Cell Number |
08255505253 |
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Current Fax Number |
03120752900 |
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Current Email Address |
Unavailable |
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Web Site Address |
|
|
Comments |
Awaiting further confirmation on the
address provided : 134 SILVERTON ROAD, MUSGRAVE, DURBAN |
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Company Registered Name |
LSGINTEGRATED |
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Trading Name |
Unavailable |
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Registration Number |
Unavailable |
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Physical Address |
Unavailable |
|
Postal Address |
P O BOX 457, RIVONIA, 2128 |
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Contact Person |
Unavailable |
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Contact Number |
Unavailable |
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Email |
Unavailable |
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Principals |
|
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
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Subject Verified as Client |
|
|
Practice Number |
Unavailable |
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VAT Number |
Unavailable |
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Tax Number |
Unavailable |
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BEE Status |
Unavailable |
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Financial Year End |
Unavailable |
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No of years in Business |
Unavailable |
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Website |
Unavailable |
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Comment |
|
Previous Auditors Information - No Information on Record
Black Economic
Empowerment Information - No Information on Record
Tax Information - No
Information on Record
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
Branch Information
Branch Information -
No Information on Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
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|
|||
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1 |
Managing Director |
MAHOMED SHAIK |
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Company Structure (Ownership)
Note: One level
up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100 % - MAHOMED
SHAIK |
BON VIEW TRADING 144 (PTY) LTD |
|
|
Key Deals - No
Information on Record
Trade References
Information - No Information on Record
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
|
Number of Principals |
1 |
|
Average Age of Active Principals |
71 |
Active Principals
Principal - 1of 1 MAHOMED SHAIK
|
Surname |
SHAIK |
|
First Name |
MAHOMED |
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Other Names |
None |
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Marital Status |
|
|
ID Number |
4212205079087 |
|
Verified ID Number |
Yes |
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Current Age |
70 Years 8 Months |
|
Designation |
Managing Director |
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Status |
Active |
|
Appointment Date |
2010/02/01 |
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Physical Address (at time of Appointment) |
25 BROWNS GROVE, SHERWOOD, DURBAN, 4000 |
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Postal Address |
P.O. BOX 14851, DURBAN, DURBAN, 4000 |
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Current Tel Number |
0312097531 |
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Cell number |
0845786742 |
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Shareholding/Membership |
100% |
Principal's
Adverse - No information on record
Business Information
for MAHOMED SHAIK
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AZUCENTO (PTY) LTD |
K2012/127989/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
BON VIEW TRADING 144 (PTY)LTD |
M2010/000759/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
|
DESERT STAR TRADING 534 (PTY) LTD |
M2007/017172/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
MYSTIC BLUE TRADING 343 (PTY) LTD |
2006/009339/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 17 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AUTUMN STAR TRADING 852 (PTY) LTD |
M2007/017742/07 |
Deregistration Final |
6 Years 6 Months |
0 |
No |
|
|
BUTTONS N BITS (PTY) LTD |
M1967/004416/07 |
Voluntary Liquidation |
46 Years 10 Months |
0 |
Yes |
|
|
CAPACI FASHIONS CC |
B2000/065571/23 |
Deregistration Final |
13 Years 1 Months |
0 |
No |
|
|
EVENING STAR TRADING 299 (PTY) LTD |
M2005/002253/07 |
Deregistration Final |
8 Years 8 Months |
0 |
No |
|
|
LUCKY DIP TRADING CC |
B1999/004750/23 |
Deregistration Final |
14 Years 2 Months |
0 |
No |
|
|
NEXTWAVE (PTY)LTD |
M1994/001869/07 |
Deregistration Final |
19 Years 7 Months |
0 |
No |
|
|
PAVESIDE INVESTMENTS (PTY) LTD |
M1997/003639/07 |
Voluntary Liquidation |
16 Years 4 Months |
0 |
Yes |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.67.03 |
|
UK Pound |
1 |
Rs.104.32 |
|
Euro |
1 |
Rs.88.24 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.