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Report Date : |
22.08.2014 |
IDENTIFICATION DETAILS
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Name : |
RND
TECHNOLOGY CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.07.2010 |
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Com. Reg. No.: |
B2010/097400/23 |
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Legal Form : |
Private Company |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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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 : |
Deregistration Process |
|
Payment Behaviour : |
Unknown |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
South
Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 16th largest in the world. Even though the country's modern infrastructure supports a relatively efficient distribution of goods to major urban centers throughout the region, unstable electricity supplies retard growth. The global financial crisis reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has recovered since then, albeit slowly with 2014 growth projected at about 2%. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is at nearly 25% of the work force, and runs significantly higher among black youth. Eskom, the state-run power company, has built two new power stations and installed new power demand management programs to improve power grid reliability. Construction delays at two additional plants, however, mean South Africa is operating on a razor thin margin; economists judge that growth cannot exceed 3% until those plants come on line. 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 |
RND TECHNOLOGY CC |
|
Country |
South
Africa |
|
Subject
Contact Person |
Unavailable |
|
Assessment |
On
investigation no contact could be established with the business. Please see
the available information obtained from CIPC below. |
|
Registered
Name |
RND TECHNOLOGY CC |
|
Trading
as/ Division Name |
RND
TECHNOLOGY |
|
Previous
Name |
Unavailable |
|
Date of
Name Change |
Unavailable |
|
Registration
Number |
B2010/097400/23 |
|
Registration
Date |
2010/07/01 |
|
Date
Commenced Trading |
2010-07-01 |
|
Age of
Business |
4 Years
1 Months |
|
History of
Business |
Unavailable |
|
History
of Principals |
There is
1 member within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
100% -
VISVANATHAN NAIDOO |
|
Authorised
Share Capital |
R 0.00 |
|
Issued Share
Capital/Members Contribution |
R 0.00 |
|
Status |
Deregistration
Process |
|
Operations
Assessment |
Unavailable |
|
Industry/
Customers |
Unavailable |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major Industry
Code / SICC |
9000 |
|
Definition
of Code |
Other
activities not adequately defined. |
|
Head
Office Physical Address |
19
CAMELSFOOT ROAD, DOON HEIGHTS, AMANZIMTOTI, 4126 |
|
Head
Office Postal Address |
19 CAMELSFOOT
ROAD, DOON HEIGHTS, AMANZIMTOTI, 4126 |
|
Current
Tel Number |
0866132875 |
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Cell
Number |
Unavailable |
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Current
Fax Number |
Unavailable |
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Current
Email Address |
|
|
Web Site
Address |
Unavailable |
|
Comments |
|
|
Company
Registered Name |
Y
DMAHARAJ AND COMPANY |
|
Trading
Name |
Unavailable |
|
Registration
Number |
Unavailable |
|
Physical
Address |
Unavailable |
|
Postal
Address |
P O BOX
19596, DORMERTON, 4015 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
Unavailable |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
|
|
Practice
Number |
926795E |
|
VAT
Number |
Unavailable |
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Tax
Number |
Unavailable |
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BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No of
years in Business |
4 Years
1 Months |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4780257384 |
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Status |
ACTIVE |
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Vat
Liable Date |
2010/11/01 |
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Tax
Number |
Unavailable |
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Tax
Clearance Expire Date |
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Financial
Year End |
February |
|
Comment |
|
Black Economic Empowerment 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 - No Information on Record
Branch Information - No Information on Record
Management
Overview
Company Structure (Ownership)
|
Holding |
Company |
|
100% - VISVANATHAN NAIDOO |
RND TECHNOLOGY CC |
Trade References Information - No Information on Record
Judgements - No information on record
BusinessRescue - 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 |
45 |
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Active Principals Principal - 1 of 1 VISVANATHAN NAIDOO |
|
|
Surname |
NAIDOO |
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First
Name |
VISVANATHAN |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
6911255148084 |
|
Verified
ID Number |
Yes |
|
Current
Age |
44 Years
9 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
2010/07/01 |
|
Physical
Address (at time of Appointment) |
19
CAMELSFOOT ROAD, DOON HEIGHTS, AMANZIMTOTI, 4126 |
|
Postal
Address |
19
CAMELSFOOT ROAD, DOON HEIGHTS, AMANZIMTOTI, 4126 |
|
Current
Tel Number |
0119153439 |
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Cell
number |
0748985271 |
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Shareholding/Membership |
100 % |
Principal's Adverse - No information on record
Business Information for VISVANATHAN NAIDOO
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
RND
TECHNOLOGY CC |
B2010/097400/23 |
Deregistration
Process |
4 Years
4 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
HI-TECH INKS (PTY)LTD |
M1989/007131/07 |
In
Business |
25 Years 1 Months |
0 |
No |
|
|
HI-TECH INKS
DURBAN (PTY)LTD |
M1999/015084/07 |
Deregistration
Final |
15
Years 3 Months |
0 |
No |
|
Principal Deeds Information Property Interests for VISVANATHAN
NAIDOO
|
Title
Deed No. |
T13120/1994 |
Erf/Site
No. |
1857 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
24
PLUMBAGO BRAKPAN |
|
Property
Type |
F |
Extent /
Size |
599100.00000000 |
|
Purchase
Date |
1993/09/05 |
Purchase
price |
R116000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
B166281994 |
Bond
Amount |
R116000.00 |
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Comment |
|
||
|
Property
Interests for VISVANATHAN NAIDOO |
|||
|
Title
Deed No. |
T19847/2005 |
Erf/Site
No. |
1714 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
19
CAMELSFOOT DOON HEIGHTS KINGSBURGH |
|
Property
Type |
E |
Extent /
Size |
|
|
Purchase
Date |
2004/11/22 |
Purchase
price |
R
650000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
GUARANTEE
TRUST-TRUSTEES |
|
Bond
Number |
B218972005 |
Bond
Amount |
R 650000.00 |
|
Comment |
|
||
Property
Interests for VISVANATHAN NAIDOO
|
Title
Deed No. |
ST46297/2008 |
Erf/Site
No. |
802,0 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
176
BLAMEY MONTCLAIR DURBAN SOUTH |
|
Property
Type |
U |
Extent /
Size |
|
|
Purchase
Date |
2006/08/20 |
Purchase
price |
R515000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
NEDBANK
LTD |
|
Bond
Number |
SB365052008 |
Bond
Amount |
R
507500.00 |
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.76 |
|
|
1 |
Rs.100.72 |
|
Euro |
1 |
Rs.80.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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|
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.