MIRA INFORM REPORT
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Report Date : |
25.01.2014 |
IDENTIFICATION DETAILS
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Name : |
P M VAIDYA ( SOLE PROPRIETOR) |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.01.2012 |
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Com. Reg. No.: |
5311055700088 |
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Legal Form : |
Sole Proprietor |
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Line of Business : |
Manufacturer
and distributor of rice. |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
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Subject
Name |
P M
VAIDYA |
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Country |
South Africa |
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Subject
Contact Person |
PURNENDU
MAHESH VAIDYA - Owner |
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Assessment |
This is
a new business. On investigation contact was made with PURNENDU MAHESH VAIDYA
the owner who assisted with the required information. The subject has not
appointed an auditor. Trade references could not be obtained due to the
subject not having local suppliers. The subject has a savings account,
therefore a bank code could not be obtained. Please see the available
information on the subject below. |
|
Registered
Name |
P M
VAIDYA ( SOLE PROPRIETOR) |
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Trading
as/ Division Name |
None |
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Previous
Name |
None |
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Date of
Name Change |
None |
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Registration
Number |
5311055700088 |
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Registration
Date |
2012/01/01 |
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Date Commenced
Trading |
2012-01-01 |
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Age of
Business |
2 Years |
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History
of Business |
The
subject was established in 2012 and operations commenced immediately. |
|
History
of Principals |
There is
1 active principal within the subject. |
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Shareholders/Members/Partners
of subject and % holding |
100 % -
PURNENDU MAHESH VAIDYA |
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Authorised
Share Capital |
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Issued
Share Capital/Members Contribution |
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Status |
In
Business |
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Operations
Assessment |
Manufacturer
and distributor of rice. |
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Industry/
Customers |
Individuals |
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Export |
Unknown |
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Export
Countries |
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Import |
Yes |
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Import
Countries |
India |
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Major
Industry Code / SICC |
30311 |
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Definition
of Code |
Manufacture
of flour, grain mill products incl. rice & vegetable milling |
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Head
Office Physical Address |
38
OSTRICH STREET, EXTENSION 1, LENASIA, 1820 |
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Head
Office Postal Address |
PO BOX
272, LENASIA, 1820 |
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Current
Tel Number |
0118523018 |
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Cell
Number |
0723922025 |
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Current
Fax Number |
Unavailable |
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Current
Email Address |
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Web Site
Address |
Unavailable |
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Comments |
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Auditors
Information - No Information on Record
Previous Auditors
Information - No Information on Record
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Vat
Number |
4930245149 |
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Tax
Number |
Unavailable |
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Financial
Year End |
Unavailable |
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Comment |
|
Black
Economic Empowerment Information - No Information on Record
ISO Information
- No Information on Record
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Registered |
No |
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Compliance
Certified |
No |
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Comment |
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Subsidiaries
Information - No Information on Record
Employees
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Number
of Employees |
1 |
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1. Salaried
employees |
1 |
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2. Waged
employees |
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3.
Permanent employees |
1 |
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4.
Casual employees |
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5.
Contracted employees |
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Comment |
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Company
Fleet |
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Company
Fleet |
No of
vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
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Fleet
Operations |
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The
Fleet is made up of |
1 |
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Comment |
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Cars |
1 |
Owned |
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Offices
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Offices |
Offices |
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Head
Office Owned/ Rented |
Leased |
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Rental
Company |
Unavailable |
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Lease Agreement |
Unavailable |
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Lease
Expire Date |
Unavailable |
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Type of
Premises |
Unavailable |
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Comment |
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Branch
Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
1 |
DIRECTOR |
PURNENDU MAHESH VAIDYA |
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Company
Structure (Ownership)
Note:
One level up and all levels down
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Holding |
Company |
Sub |
Comment |
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100 % - PURNENDU MAHESH VAIDYA |
PM VAIDYA |
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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 |
ABSA |
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Branch |
LENASIA |
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Brach
Code |
632005 |
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Bank
Account Number |
9198893487 |
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Type of
Account |
SAVINGS |
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Account
Name |
PM
VAIDYA |
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Overdraft
Facilities |
NONE |
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Bank
Code |
Unavailable |
|
Bank
Comment |
Unable to
obtain a bank code as this is a savings account. |
Bank Code
History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
Active
Principals
Principal
- 1 of 1
PURNENDU
VAIDYA
|
Surname |
VAIDYA |
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First
Name |
PURNENDU |
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Other
Names |
MAHESH |
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Marital
Status |
Married |
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ID
Number |
5311055700088 |
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Verified
ID Number |
Yes |
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Current
Age |
60 Years
2 Months |
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Designation |
Director |
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Status |
Active |
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Appointment
Date |
|
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Physical
Address (at time of Appointment) |
38
OSTRICH STREET, EXTENSION 1, LENASIA, 1827 |
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Postal
Address |
PO BOX
272, LENASIA, 1820 |
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Current
Tel Number |
0118523018 |
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Cell
number |
0723922025 |
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Shareholding/Membership |
100 % |
Principal's
Adverse - No information on record
BUSINESS
INFORMATION FOR PURNENDU VAIDYA
Principal's
Current Business Interests - No information on record
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
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|
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.09 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
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.