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Report Date : |
21.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
TECHNO INVESTMENTS CC |
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|
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Registered Office : |
Shop11
Equinox, |
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Country : |
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Date of Incorporation : |
20.03.2002 |
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Com. Reg. No.: |
B2002/023061/23 |
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|
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|
Legal Form : |
Closed Corporation |
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|
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Line of Business : |
Import
and distribution of home decor product lines. |
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|
No. of Employees : |
12 |
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 |
TECHNO
INVESTMENTS CC |
|
Country |
South
Africa |
|
Subject
Contact Person |
ROMILA
JIVEN - Managing Member |
|
Assessment |
This is an
established business. On investigation contact was made with ROMILA JIVEN,
the managing member of the business who assisted with most of the required
information. She however could not provide trade references or the bank
account number at present. She requested an e-mail to be sent before
providing the information. Please see the available information below. |
|
Registered
Name |
TECHNO
INVESTMENTS CC |
|
Trading
as/ Division Name |
PLATINUM
INDENTS |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
B2002/023061/23 |
|
Registration
Date |
2002/03/20 |
|
Date
Commenced Trading |
2004-03-20 |
|
Age of
Business |
11 Years
10 Months |
|
History
of Business |
The subject
commenced trading as a new business in 2002. |
|
History
of Principals |
There is
currently 1 active member within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
100 % -
ROMILA JIVEN |
|
Authorised
Share Capital |
R 100.00 |
|
Issued
Share Capital/Members Contribution |
R 1.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Import
and distribution of home decor product lines. |
|
Industry/
Customers |
Major
furniture chain stores. |
|
Export |
None |
|
Import |
Yes |
|
Major Industry
Code / SICC |
62330 |
|
Definition
of Code |
Retail
trade in household furniture appliances, articles and equipment |
|
Head
Office Physical Address |
SHOP11
EQUINOX, 12 MILLENNIUM BOULEVARD, UMHLANGA RIDGE, 4319 |
|
Head
Office Postal Address |
SHOP11
EQUINOX, 12 MILLENNIUM BOULEVARD, UMHLANGA RIDGE, 4319 |
|
Current
Tel Number |
Unavailable |
|
Cell
Number |
0845675955 |
|
Current
Fax Number |
Unavailable |
|
Current
Email Address |
|
|
Web Site
Address |
Unavaialble |
|
Comments |
|
|
Company
Registered Name |
LEE-ANN
NAIKER |
|
Trading
Name |
Unavailable |
|
Registration
Number |
Unavailable |
|
Physical
Address |
Unavailable |
|
Postal Address |
Unavailable |
|
Contact
Person |
Unavailable |
|
Contact
Number |
Unavailable |
|
Email |
Unavailable |
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
No |
|
Practice
Number |
Unavailable |
|
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 |
4500208733 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2003/07/01 |
|
Tax
Number |
9534288148 |
|
Financial
Year End |
February |
|
Comment |
|
|
Status |
Yes |
|
BEE
Certificate Available |
No |
|
Comment |
|
|
|
|
|
ISO Information - No Information on Record |
|
|
Registered |
No |
|
Compliance
Certified |
No |
|
Comment |
|
Subsidiaries
|
Subsidiary
Company |
There
are no reported subsidiaries |
|
|
|
|
Employees |
|
|
Number
of Employees |
12 |
|
1.
Salaried employees |
2 |
|
2. Waged
employees |
10 |
|
3.
Permanent employees |
2 |
|
5.
Contracted employees |
10 |
Company Fleet Information - No Information on Record
Offices
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Owned |
|
Owned by |
Trust |
|
Value |
R
3000000.00 |
|
Bond |
R1500000.00 |
|
Bank |
ABSA |
|
Type of
Premises |
Offices |
|
Comment |
|
Branch Information - No Information on Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Managing
Member |
ROMILA
JIVEN |
|
Company Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100 % -
ROMILA JIVEN |
TECHNO
INVESTMENTS 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 |
STANDARD
BANK |
|
Branch |
KINGSMEAD |
|
Brach
Code |
051001 |
|
Bank
Account Number |
Unavailable |
|
Type of
Account |
Cheque |
|
Account
Name |
TECHNO
INVESTMENTS CC |
|
Overdraft
Facilities |
Yes |
|
Bank
Code |
Unavailable |
|
Bank
Comment |
Unavailable |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
Financial Estimates
|
CURRENT
ASSETS |
|
|
Stock |
R10000000.00 |
|
Loan
Details |
Unavailable |
|
Please note
the following: |
|
|
Turnover
and assets less than R 1,000,000.00 |
The
subject falls within the National Credit Act |
|
Turnover
and assets less than R 2,000,000.00 |
The
subject falls within the Consumer Protection Act |
|
Number of
Principals |
1 |
|
Average
Age of Active Principals |
48 |
Active Principals
Principal - 1 of 1
ROMILA JIVEN
|
Surname |
JIVEN |
|
First
Name |
ROMILA |
|
Other
Names |
None |
|
ID
Number |
6602130184085 |
|
Verified
ID Number |
Yes |
|
Current
Age |
47 Years
11 Months |
|
Designation |
Managing
Member |
|
Status |
Active |
|
Appointment
Date |
2003/11/24 |
|
Physical
Address (at time of Appointment) |
UNIT 18
L B HEIGHTS, 525 BRICKFIELD ROAD, OVERPORT, 4091 |
|
Postal
Address |
1ST FLOOR
JHT HOUSE, 125 GALE STREET, DURBAN, 4001 |
|
Current
Tel Number |
0312095855 |
|
Cell
number |
0845675955 |
|
Shareholding/Membership |
100 % |
Principal's Adverse - No information on record
Business Information for ROMILA JIVEN
Principal's Current Business Interests - No information on
record
Principal Previous Business Interests
Average
Age of Previous Business 0
Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
TECHNO INVESTMENTS
CC |
B2002/023061/23 |
Deregistration
Process |
|
0 |
No |
|
Principal Deeds Information Property
Interests for ROMILA JIVEN
|
Title
Deed No. |
T32129/2010 |
|
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
IZINGA ESTATE
UMHLANGA |
|
Property
Type |
Freehold |
Extent /
Size |
717.0SQM |
|
Purchase
Date |
2010/06/14 |
|
|
|
%
Ownership |
0.00 |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.63 |
|
|
1 |
Rs.101.25 |
|
Euro |
1 |
Rs.83.42 |
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.