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Report Date : |
03.12.2014 |
IDENTIFICATION DETAILS
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Name : |
MAPHOLI NATURAL SPRING WATERS (PTY)LTD |
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|
|
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Registered Office : |
7 Hillhead Drive, 58 Mount Edgecombe Crest, Mount Edgecombe, 4310 |
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|
|
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Country : |
South Africa |
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Date of Incorporation : |
08.09.2014 |
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Com. Reg. No.: |
K2014/176345/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Engaged in
Collection, Purification & Distribution of Water Subject product range includes: ·
Teardrop PET Plastic Bottles ·
Square PET Plastic Bottles · Square PET Plastic Bottles Big Size |
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|
|
No of Employees : |
09 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
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Status : |
New business |
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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 – 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 |
|
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 |
MAPHOLI NATURAL SPRING WATERS (PTY)LTD |
|
Country |
South Africa |
|
Account Review |
Recommended Every 6 Months |
|
Subject Contact Person |
BOITUMELO JOY MAJE - DIRECTOR |
|
Assessment |
This is a brand new business. On investigation contact was made with BOITUMELO JOY MAJE the director. The subject does not have any suppliers due to it being fairly new. Please see the available information on the subject below. |
|
Registered Name |
MAPHOLI NATURAL SPRING WATERS (PTY)LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
K2014/176345/07 |
|
Registration Date |
2014/09/08 |
|
Date Commenced Trading |
2014-09-08 |
|
Age of Business |
3 Months |
|
History of Business |
The subject was formally established February 2012 in Lesotho. It however was only registered and commenced trading as a new company in South Africa in September 2014. |
|
History of Principals |
There is 1 active director within the company. |
|
Shareholders/Members/Partners of subject and % holding |
100 % - JOY BOITUMELO MAJE |
|
Status |
In Business |
|
Operations Assessment |
The subject supplies water and minerals |
|
Industry/ Customers |
The subjects main customer is Letseng Diamond Mining |
|
Export |
None |
|
Import |
Yes |
|
Import Countries |
Lesotho |
|
Major Industry Code / SICC |
4200 |
|
Definition of Code |
COLLECTION, PURIFICATION AND DISTRIBUTION
OF WATER |
|
Product details |
·
Teardrop PET Plastic Bottles ·
Square PET Plastic Bottles ·
Square PET Plastic Bottles Big Size |
|
Head Office Physical Address |
7 HILLHEAD DRIVE, 58 MOUNT EDGECOMBE CREST, MOUNT EDGECOMBE, 4310 |
|
Head Office Postal Address |
PO BOX 438, LA LUCIA, DURBAN, 4159 |
|
Current Tel Number |
0318223656 |
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Cell Number |
0717002428 |
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Current Fax Number |
0865127017 |
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Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
TAX AUDITOR SOLUTION INCORPORATED |
|
Trading Name |
TAX AUDITOR |
|
Registration Number |
2012/206862/21 |
|
Physical Address |
23 ETON CLOSE VILLAS, HARRY GALAUN DRIVE, VORNA VALLEY, 1686 |
|
Postal Address |
PO BOX 78351, SANDTON, 2146 |
|
Contact Person |
VS LATCHMINARIAN |
|
Contact Number |
0768332160 |
|
Email |
|
|
Principals |
1 |
|
Judgements Against Subject |
None On Record |
|
Judgements Against Principals |
None On Record |
|
Subject Verified as Client |
Yes |
|
Practice Number |
902347 |
|
VAT Number |
Unavailable |
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Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
February |
|
No of years in Business |
2 Years 1 Months |
|
Website |
Unavailable |
Previous Auditors Information - No Information on Record
|
Vat Number |
None |
|
Status |
INACTIVE |
|
Tax Number |
9028838234 |
|
Financial Year End |
February |
Black
Economic Empowerment
|
|
|
Status |
Yes |
|
Score |
3.00 |
|
Expire Date |
Nov 162015 |
|
|
|
|
ISO Information
- No Information on Record |
|
Workman's
compensation
|
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries Information - No Information on Record
Employees
|
Number of Employees |
9 |
|
1. Salaried employees |
2 |
|
2. Waged employees |
1 |
|
3. Permanent employees |
-- |
|
4. Casual employees |
6 |
Company Fleet Information - No Information on Record
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Leased |
|
Rental Company |
Unavailable |
|
Lease Agreement |
Unavailable |
|
Lease Expire Date |
Unavailable |
|
Type of Premises |
Office blocks |
Branch Information - No Information on Record
Organisation Chart
Level Position Name
1 MARKETING DIRECTOR BOITUMELO MAJE
1 MD
OPERATIONS TUMO
MOLAHLEHI
Company Structure
(Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
|
100 % - JOY
BOITUMELO MAJE |
MAPHOLI NATURAL
SPRING WATERS (PTY) LTD |
NONE |
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 |
FIRST NATIONAL BANK |
|
Branch |
DURBAN NORTH |
|
Brach Code |
250655 |
|
Bank Account Number |
624964066838 |
|
Type of Account |
CURRENT |
|
Account Name |
MAPHOLI NATURAL SPRING WATERS (PTY) LTD |
|
Overdraft Facilities |
NONE |
|
Bank Code |
Awaiting bank code |
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 |
41 |
Active Principal -
1 of 1 BOITUMELO MAJE
|
Surname |
MAJE |
|
First Name |
BOITUMELO |
|
Other Names |
JOY |
|
Marital Status |
Single |
|
ID Number |
7308040334088 |
|
Verified ID Number |
Yes |
|
Current Age |
41 Years 4 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2014/09/08 |
|
Physical Address (at time of Appointment) |
58 MOUNT EDGECOMBE, 7 HILLHEAD DRIVE, MOUNT EDGECOMBE, KWA-ZULU NATAL,
4310 |
|
Postal Address |
PO BOX 438, LA LUCIA, DURBAN, KWA-ZULU NATAL, 4159 |
|
Current Tel Number |
0318223656 |
|
Cell number |
0717002428 |
|
Shareholding/Membership |
100 % |
Principal's
Adverse - No information on record
Business Information
for BOITUMELO MAJE
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
FRENE ELEVE TRADING AND PROJECTS CC |
B2007/106499/23 |
Deregistration Final |
7 Years 7 Months |
0 |
No |
|
LAT LOGISTICS CC |
B2006/123099/23 |
Deregistration Final |
8 Years 8 Months |
0 |
No |
|
MAKGONA THUSANO CC |
B2002/039270/23 |
Deregistration Final |
0 |
0 |
No |
|
MAPHOLI NATURAL SPRING WATERS (PTY)LTD |
K2014/176345/07 |
In Business |
0 |
0 |
No |
|
MARABU TRADING ENTERPRISE CC |
B2006/203033/23 |
Deregistration Final |
8 Years 8 Months |
0 |
No |
|
MPMM (PTY)LTD |
K2014/048642/07 |
In Business |
0 |
0 |
No |
|
NSUKU SHIPPING AND FREIGHT SERVICES CC |
B2007/001382/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
SAHA CONSTRUCTION AND PROJECTS CC |
B2006/228004/23 |
Deregistration Process |
8 Years 8 Months |
0 |
No |
|
UHURU STEEL AND CONSTRUCTION CC |
B2006/224442/23 |
Deregistration Final |
8 Years 8 Months |
0 |
No |
Principal Previous Business Interests
Average Age of Previous Business 2 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
REIJGER MAJE (PTY)LTD |
K2012/167501/07 |
In Business |
2 Years 2 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
|
UK Pound |
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.