|
Report Date : |
07.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MALLIES CENTRE CC |
|
|
|
|
Registered Office : |
111 Carr
Street, Newtown, Johannesburg, 2001 P O Box 42303, Fordsburg, 2033 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
23.08.2004 |
|
|
|
|
Com. Reg. No.: |
2004/084277/23 |
|
|
|
|
Legal Form : |
Not Available |
|
|
|
|
Line of Business : |
Manufacture
of spices condiments vinegar yeast & other food products NEC |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
MALLIES
CENTRE CC |
|
Country |
SOUTH
AFRICA |
|
Enquiry
Terms |
COD |
|
Account Review |
Recommended
Every 3 Months |
|
Subject
Contact Person |
PARESH
JHINA - Member |
|
Assessment |
This is
an established business. On investigation we made contact with PARESH JHINA, the
member of the business who declined to assist with the required information.
Please see the available information on the subject below. |
|
Registered
Name |
MALLIES
CENTRE CC |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
2004/084277/23 |
|
Registration
Date |
2004/08/23 |
|
Date
Commenced Trading |
2004-08-23 |
|
Age of
Business |
9 Years
4 Months |
|
History
of Business |
The subject
commenced trading as a new business in 2004. |
|
History
of Principals |
There
are 3 active members within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
52 % -
JAYAHARLAL JHINA, 24 % - PARESH JHINA, 24 % - PREMUL MIETESH JHINA |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
The
subject's main operation is to supply spices, herbs and condiments. |
|
Industry/
Customers |
The food
industry. |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
30499 |
|
Definition
of Code |
Manufacture
of spices condiments vinegar yeast & other food products NEC |
|
Head
Office Physical Address |
111 CARR
STREET, NEWTOWN, JOHANNESBURG, 2001 |
|
Head
Office Postal Address |
P O BOX
42303, FORDSBURG, 2033 |
|
Current
Tel Number |
0118386796 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
Unavailable |
|
Current
Email Address |
Unavailable |
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
IRSHAD
NAKHOODA AND ASSOCIATES CC |
|
Trading
Name |
None |
|
Registration
Number |
2005/056265/23 |
|
Physical
Address |
RIYADH
PALACE 80 ST BRIDE AVENUE, MAYFAIR WEST, 2092 |
|
Postal
Address |
P O BOX
42842, FORDSBURG, 2033 |
|
Contact
Person |
IRSHAD
NAKHOODA |
|
Contact
Number |
0118378854 |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
|
|
Practice
Number |
945838 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No of
years in Business |
Unavailable |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4590103505 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9378129846 |
|
Tax
Clearance Expire Date |
|
|
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
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Managing Member |
JAYAHARLAL JHINA |
|
|
|
|||
|
2 |
Member |
PARESH JHINA |
|
|
|
|
|
|
|
2 |
Member |
PREMUL MIETESH
JHINA |
|
Company Structure (Ownership)
Note : One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
52 % - JAYAHARLAL JHINA |
MALLIES CENTRE CC |
|
|
|
24 % - PARESH
JHINA |
MALLIES CENTRE CC |
|
|
|
24 % - PREMUL
MIETESH JHINA |
MALLIES CENTRE CC |
|
|
Key Deals - No Information on Record
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 |
3 |
|
Average
Age of Active Principals |
48 |
|
Active
Principals Principal
- 1 of 3 PARESH
JHINA |
|
|
Surname |
JHINA |
|
First
Name |
PARESH |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
7603165256086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
37 Years
9 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
2004/11/23 |
|
Physical
Address (at time of Appointment) |
7 HUXTON
STREET, ROBERTSHAM, 2091 |
|
Postal
Address |
P O BOX
42303, FORDSBURG, 2033 |
|
Current
Tel Number |
0118386796 |
|
Cell
number |
0721303305 |
|
Shareholding/Membership |
24 % |
Principal’s Adverse - No information on record
Business Information for PARESH JHINA
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
MALLIES
CENTRE CC |
B2004/084277/23 |
In
Business |
9 Years
9 Months |
0 |
No |
|
Principal Previous Business Interests
Average
Age of Previous Business
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
Principal Deeds Information
Property Interests for PARESH JHINA
|
Title Deed No. |
T14017/2009 |
Erf/Site No. |
|
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
9
ANREITH FRANKLIN ROOSEVELT PARK RANDBURG |
|
Property
Type |
Freehold |
Extent /
Size |
996.0SQM |
|
Purchase
Date |
2009/01/06 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
FIRSTRAND
BANK LTD |
|
Bond
Number |
B112912009 |
Bond
Amount |
|
|
Comment |
|
||
Principal - 2 of 3 PREMUL JHINA
|
Surname |
JHINA |
|
First Name |
PREMUL |
|
Other
Names |
MIETESH |
|
Marital
Status |
|
|
ID
Number |
7804205232083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
35 Years
8 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
2004/11/23 |
|
Physical
Address (at time of Appointment) |
7 HUXTON
STREET, ROBERTSHAM, 2091 |
|
Postal
Address |
P O BOX
42303, FORDSBURG, 2033 |
|
Current
Tel Number |
Unavailable |
|
Cell
number |
0721071405 |
|
Shareholding/Membership |
24 % |
Principal’s Adverse - No information on record
Business Information for PREMUL JHINA
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MALLIES
CENTRE CC |
B2004/084277/23 |
In
Business |
9 Years
9 Months |
0 |
No |
|
Principal Previous Business Interests
Average
Age of Previous Business
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
Principal Deeds Information
Property Interests for PREMUL JHINA
|
Title
Deed No. |
|
Erf/Site
No. |
|
|
Deeds
Office |
|
Physical
Address |
|
|
Property
Type |
|
Extent /
Size |
|
|
Purchase
Date |
|
Purchase
price |
|
|
%
Ownership |
|
Bond Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
Principal - 3 of 3 JAYAHARLAL JHINA
|
Surname |
JHINA |
|
First
Name |
JAYAHARLAL |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
4103055058083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
72 Years
9 Months |
|
Designation |
Managing
Member |
|
Status |
Active |
|
Appointment
Date |
2004/08/23 |
|
Physical
Address (at time of Appointment) |
111 CARR
STREET, NEWTOWN, 2113 |
|
Postal
Address |
P O BOX
42303, FORDSBURG, 2023 |
|
Current
Tel Number |
0118361597 |
|
Cell
number |
0721303305 |
|
Shareholding/Membership |
52 % |
Business Information for JAYAHARLAL JHINA
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MAGNOLIA
RIDGE PROPERTIES 12 (PTY)LTD |
M2004/000257/07 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
MALLIES
CENTRE CC |
B2004/084277/23 |
In
Business |
9 Years 9
Months |
0 |
No |
|
|
VALJAY INVESTMENTS
CC |
B2001/058571/23 |
In
Business |
0 |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business
59
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GRAPHIC BUILDINGS
(PTY)LTD |
M1954/001023/07 |
Deregistration
Final |
59 Years 11
Months |
0 |
No |
|
Principal Deeds Information
Property Interests for JAYAHARLAL JHINA
|
Title
Deed No. |
|
Erf/Site
No. |
|
|
Deeds Office |
|
Physical
Address |
|
|
Property
Type |
|
Extent /
Size |
|
|
Purchase
Date |
|
Purchase
price |
|
|
%
Ownership |
|
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.33 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.84.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.