|
Report Date : |
21.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
CHAMDOR FAKTRY WHOLESALERS (PTY) LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
08.12.2010 |
|
|
|
|
Com. Reg. No.: |
M2010/023832/07 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale
trade in textiles, clothing and footwear |
|
|
|
|
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 |
|
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 |
CHAMDOR
FAKTRY WHOLESALERS (PTY)LTD |
|
Country |
South
Africa |
|
Account
Review |
Recommended
Every 3 Months |
|
Subject
Contact Person |
ZAHEER
TIMOL - Financial Manager |
|
Assessment |
On
investigation contact was made with ZAHEER TIMOL, the financial manager of the
company who assisted with the basic information. Further information was
declined as he felt no need to divuldge any details regarding the operations
or structure of the company. Please see the available information on the
subject below. |
|
Registered
Name |
CHAMDOR
FAKTRY WHOLESALERS (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date of
Name Change |
2012-05-11 |
|
Registration
Number |
M2010/023832/07 |
|
Registration
Date |
2010/12/08 |
|
Date
Commenced Trading |
2010-12-08 |
|
Age of
Business |
3 Years
1 Months |
|
History
of Business |
The
subject commenced trading as a new company in 2010. |
|
History
of Principals |
There
are 2 active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
50 % -
ABOOBAKER LIMBADA, 50 % - MAHOMED LIMBADA |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
The subject
retails and wholesale imported fabric. |
|
Industry/
Customers |
The
general public and corporate businesses. |
|
Export |
Yes |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
61310 |
|
Definition
of Code |
Wholesale
trade in textiles, clothing and footwear |
|
Head
Office Physical Address |
9 ADCOCK
STREET, CHAMDOR, 1739 |
|
Head
Office Postal Address |
P O BOX
4142, LUIPAARDSVLEI, 1743 |
|
Current
Tel Number |
0117621401 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0117621777 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
Auditors Information - No Information on Record
Previous Auditors Information - No Information on Record
Tax Information - No Information on Record
Black Economic
Empowerment Information - No Information on Record
ISO Information - No Information on Record
Workman's compensation
|
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
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 |
|
Level |
Position |
Name |
Comment |
1 Member ABOOBAKER LIMBADA
1 Member MAHOMED LIMBADA
(Ownership)
|
Holding |
Company |
Sub |
Comment |
|
50 % -
ABOOBAKER LIMBADA |
CHAMDOR
FAKTRY WHOLESALERS (PTY) LTD |
|
|
|
50 % - MAHOMED
LIMBADA |
CHAMDOR
FAKTRY WHOLESALERS (PTY) LTD |
|
|
Organisation Chart
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 |
2 |
|
Average
Age of Active Principals |
65 |
|
Active Principals Principal - 1of 2 ABOOBAKER LIMBADA |
|
|
Surname |
LIMBADA |
|
First
Name |
ABOOBAKER |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
3412295058055 |
|
Verified
ID Number |
Yes |
|
Current
Age |
79 Years
1 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2012/07/11 |
|
Physical
Address (at time of Appointment) |
NUMBER
2, ORIENT DRIVE, 1750 |
|
Postal
Address |
P.O BOX
4142, LUIPAARESVLEI, 1743 |
|
Current
Tel Number |
0117624618 |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
50 % |
Business Information forABOOBAKER LIMBADA Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CHAMDOR
FAKTRY WHOLESALERS (PTY)LTD |
M2010/023832/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
EAST
RAND FABRICS (PTY)LTD |
M2010/022353/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
LEE
TRADING COMPANY (PTY)LTD |
M1905/015531/07 |
Conversion
CO/CC or CC/CO |
0 |
0 |
No |
|
|
NEPTUNE
WAY TRADE (PTY)LTD |
K2012/041592/07 |
In
Business |
2 Years
2 Months |
0 |
No |
|
|
NEW
AQEEQA PROPERTY (PTY)LTD |
K2012/000693/07 |
In
Business |
2 Years
2 Months |
0 |
No |
|
|
NEW
AUTUMN WAY PROPS (PTY)LTD |
K2011/130323/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
NEW
BAFRA PROPERTIES (PTY)LTD |
K2012/114480/07 |
In
Business |
2 Years
2 Months |
0 |
No |
|
|
NEW EAST
RAND FABRICS (PTY)LTD |
K2011/130317/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
NEW
FYNNSAARZ (PTY)LTD |
K2012/002218/07 |
In
Business |
2 Years 2
Months |
0 |
No |
|
|
NEW LEE
TRADING (PTY)LTD |
K2011/130324/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
NEW
NORTHLANDS DECOR PARK FABRICS (PTY)LTD |
K2011/130312/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
NEW SCOTT
STREET FABRICS (PTY)LTD |
K2011/130329/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
NORTHLANDS
DECOR PARK FABRICS (PTY)LTD |
M2010/022506/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
SCOTT
STREET FABRICS CC |
B2002/026707/23 |
Conversion
CO/CC or CC/CO |
0 |
0 |
No |
|
|
TRUSTFUL
ISLAMIC ACADEMY |
M2005/026532/08 |
In
Business |
9 Years
9 Months |
0 |
No |
|
Principal Previous Business interests
|
BAFRA
BAKE-EQUIP (PTY)LTD |
M1981/007704/07 |
Deregistration
Final |
33 Years
9 Months |
0 |
No |
|
|
LEE
TRADING (PTY)LTD |
M2010/022505/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
MONTANA
BAKERY SUPPLIES (PTY)LTD |
M1986/004984/07 |
Dissolved |
28 Years
4 Months |
0 |
No |
|
|
MONUMENT
EXTRUTIONS (PTY)LTD |
M1981/007314/07 |
Deregistration
Final |
33 Years
9 Months |
0 |
No |
|
|
OMEGA
BAKERS AND CONFECTIONERS (PTY)LTD |
M1986/001485/07 |
Deregistration
Final |
28 Years
4 Months |
0 |
No |
|
|
PURPLE
MOSS 1383 CC |
B2008/201971/23 |
In
Business |
6 Years 6
Months |
0 |
No |
|
|
UNI
ASSET TRADING (PTY)LTD |
M2003/017700/07 |
Deregistration
Final |
11 Years
11 Months |
0 |
No |
|
Principal - 2of 2 MAHOMED LIMBADA
|
Surname |
LIMBADA |
|
First
Name |
MAHOMED |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
6408285143086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
49 Years
5 Months |
|
Designation |
BUSINESS
MAN |
|
Status |
Active |
|
Appointment
Date |
2012/07/11 |
|
Physical
Address (at time of Appointment) |
95 CUCKOOS
NEST, FEATHERBROOK ESTATE, 1739 |
|
Postal
Address |
P O BOX
4142, LUIPAARDVLEI, 1743 |
|
Current
Tel Number |
Unavailable |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
50 % |
Business Information for MAHOMED LIMBADA
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
AQEEQA
PROPERTY (PTY)LTD |
M2010/022349/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
AUTUMN
WAY PROPS CC |
2009/177272/23 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
BAFRA
PROPERTIES (PTY)LTD |
M1977/001271/07 |
In
Business |
37 Years
1 Months |
0 |
No |
|
|
CHAMDOR
FAKTRY WHOLESALERS (PTY)LTD |
M2010/023832/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
EAST
RAND FABRICS (PTY)LTD |
M2010/022353/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
FYNNSAARZ
(PTY)LTD |
M2010/022912/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
JAZZ
SPIRIT 1375 (PTY)LTD |
K2011/100479/07 |
Deregistration
Process |
3 Years
3 Months |
0 |
No |
|
|
JAZZ
SPIRIT 1375 CC |
B2010/090836/23 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
LEE
TRADING (PTY)LTD |
M2010/022505/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
NEPTUNE
WAY TRADE (PTY)LTD |
K2012/041592/07 |
In Business |
2 Years
2 Months |
0 |
No |
|
|
NEW
AQEEQA PROPERTY (PTY)LTD |
K2012/000693/07 |
In
Business |
2 Years
2 Months |
0 |
No |
|
|
NEW
AUTUMN WAY PROPS (PTY)LTD |
K2011/130323/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
NEW BAFRA
PROPERTIES (PTY)LTD |
K2012/114480/07 |
In
Business |
2 Years
2 Months |
0 |
No |
|
|
NEW EAST
RAND FABRICS (PTY)LTD |
K2011/130317/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
NEW
FYNNSAARZ (PTY)LTD |
K2012/002218/07 |
In
Business |
2 Years 2
Months |
0 |
No |
|
|
NEW JAZZ
SPIRIT 1375 (PTY)LTD |
K2012/146960/07 |
In
Business |
2 Years
2 Months |
0 |
No |
|
|
NEW LEE
TRADING (PTY)LTD |
K2011/130324/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
NEW
NORTHLANDS DECOR PARK FABRICS (PTY)LTD |
K2011/130312/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
NEW
SCOTT STREET FABRICS (PTY)LTD |
K2011/130329/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
NORTHLANDS
DECOR PARK FABRICS (PTY)LTD |
M2010/022506/07 |
In Business |
4 Years
4 Months |
0 |
No |
|
|
SCOTT
STREET FABRICS CC |
B2002/026707/23 |
Conversion
CO/CC or CC/CO |
0 |
0 |
No |
|
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
FATANA
PROPERTY CC |
B1999/038528/23 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
PURPLE
MOSS 1383 CC |
B2008/201971/23 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
Title
Deed No. |
T30656/2009 |
Erf/Site
No. |
|
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
95
CUCKOO''S NEST FEATHERBROOKE ESTATE KRUGERSDORP |
|
Property
Type |
Freehold |
Extent /
Size |
864.0SQM |
|
Purchase
Date |
2009/08/16 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.63 |
|
UK Pound |
1 |
Rs.101.25 |
|
Euro |
1 |
Rs.83.42 |
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.