|
Report Date : |
16.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
CARATCO (PTY) LTD |
|
|
|
|
Registered Office : |
1st Floor, Block C, The Pivot At Montecasino, No.1
Montecasino, Boulevard, Fourways, 2055 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
24.07.2003 |
|
|
|
|
Com. Reg. No.: |
M2003/017551/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
SUBJECT MAIN OPERATION IS TO FINISH AND
DISTRIBUTE LARGE DIAMONDS, GEMS AND JEWELRY. |
|
|
|
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
CARATCO (PTY) LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
ZERA-
Director PA / DELORT - Accountant |
|
Assessment |
On investigation
contact was made with a PA to the director and the accountant who both
advised that the financial director, WES, is out of town and can only assist
on his return in the coming week. The subject advised that a questionnaire
and a company profile to be sent to the financial director. Please see the
available information on the subject below. |
|
Registered
Name |
CARATCO
(PTY)LTD |
|
Trading
as/ Division Name |
CARATCO |
|
Previous
Name |
Unavailable |
|
Date of Name
Change |
2009-11-09 |
|
Registration
Number |
M2003/017551/07 |
|
Registration
Date |
2003/07/24 |
|
Date
Commenced Trading |
2003-07-24 |
|
Age of
Business |
11 Years |
|
History
of Business |
The company
was established in 1985. It began as a small wholesale company and through
innovation and business expertise it grew into a large company. It was
registered under the name CARATCO (PTY)LTD and has been trading for the past
11 years. |
|
History
of Principals |
There
are 4 active directors of the company. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subjects main operation is to finish and distribute large diamonds, gems and
jewelry. |
|
Industry/
Customers |
The
general public, jewelry stores |
|
Export |
Yes |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
25200 |
|
Definition
of Code |
MINING
OF DIAMONDS (INCLUDING ALLUVIAL DIAMONDS) |
|
Head
Office Physical Address |
1st
Floor, Block C, The Pivot at Montecasino, No.1 Montecasino, Boulevard,
FOURWAYS, 2055 |
|
Head Office
Postal Address |
PO Box
71511, BRYANSTON, 2021, SOUTH AFRICA |
|
Current
Tel Number |
0110119100 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0110119190 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
HARRIS
DOWDEN AND FONTEINE |
|
Trading
Name |
Unavailable |
|
Registration
Number |
Unavailable |
|
Physical
Address |
7 Pam
Road, SANDTON, 2196 |
|
Postal
Address |
P O BOX
657729, BENMORE, 2010 |
|
Contact
Person |
HARRIS |
|
Contact
Number |
0118847373 |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
943703 |
|
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 |
Unavailable |
|
Status |
INACTIVE |
|
Vat
Liable Date |
|
|
Tax
Number |
9457029842 |
|
Tax Clearance
Expire Date |
|
|
Financial
Year End |
Unavailable |
|
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 |
Director |
SOMEN
DAS |
|
|
|
|||
|
1 |
Director |
VISHAL
MEHTA |
|
|
|
|||
|
1 |
Director |
WESLEY
FARENCE MAKOVINI |
|
|
|
|||
|
1 |
Director |
TIMOTHY
WATSON |
|
Company Structure Information - No Information on Record
Note: One
level up and all levels down
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 Codes History
|
Date
requested |
Bank
Code |
Enquiry
Amount |
Number
of RD's |
RD
amount |
RD Date |
Bank
Comments |
Years
with bank |
Comment |
|
2013/11/25 |
C- FOR R2000000 (Good
for the amount
quoted, if strictly in the way of business.) |
0.00 |
|
|
|
The subject's
bankers consider them good for all business normal engagement s |
0 |
|
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
|
Number
of Principals |
6 |
|
Average Age
of Active Principals |
48 |
|
Active Principals Principal - 1 of 4 SOMEN DAS |
|
|
Surname |
DAS |
|
First
Name |
SOMEN |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
5506270000000 |
|
Verified
ID Number |
No |
|
Current
Age |
59 Years
1 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2007/08/23 |
|
Physical
Address (at time of Appointment) |
NO 3 SAN
RAPHAEL, BERRIL LANE, MORNINGSIDE, 2196 |
|
Postal
Address |
P O BOX
2326, JOHANNESBURG, GAUTENG, 2000 |
|
Current
Tel Number |
Unavailable |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Business Information for SOMEN DAS
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CARATCO
(PTY)LTD |
M2003/017551/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
EPISTEME
COAL SA (PTY)LTD |
M2008/006308/07 |
Deregistration
Process |
6 Years
6 Months |
0 |
No |
|
|
EPISTEME PARTNERS (PTY)LTD |
M2007/030856/07 |
Deregistration
Process |
7 Years
7 Months |
0 |
No |
|
|
ROSY
BLUE INVESTMENTS (PTY)LTD |
M2003/012502/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
ROSY
BLUE WIRELESS AFRICA (PTY)LTD |
M2007/032193/07 |
Deregistration
Process |
7 Years
7 Months |
0 |
No |
|
|
ROSYBLUE MANUFACTURING (PTY)LTD |
M1966/008325/07 |
In
Business |
0 |
0 |
No |
|
|
ROSYBLUE
TRADING (PTY)LTD |
M1988/002681/07 |
In
Business |
26 Years
2 Months |
0 |
No |
|
Principal - 2 of 4 VISHAL MEHTA
|
Surname |
MEHTA |
|
First
Name |
VISHAL |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
8004020000000 |
|
Verified
ID Number |
No |
|
Current
Age |
34 Years
5 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2007/08/23 |
|
Physical
Address (at time of Appointment) |
APARTMENT
2708, MICHAEL TOWERS, 8 MAUDE STREET, Gauteng, 2196 |
|
Postal
Address |
P O BOX
2326, JOHANNESBURG, Gauteng, 2000 |
|
Current
Tel Number |
Unavailable |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Business Information for VISHAL MEHTA
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CARATCO
(PTY)LTD |
M2003/017551/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
EPISTEME
COAL SA (PTY)LTD |
M2008/006308/07 |
Deregistration
Process |
6 Years
6 Months |
0 |
No |
|
|
EPISTEME PARTNERS (PTY)LTD |
M2007/030856/07 |
Deregistration
Process |
7 Years
7 Months |
0 |
No |
|
|
ROSY BLUE
WIRELESS AFRICA (PTY)LTD |
M2007/032193/07 |
Deregistration
Process |
7 Years
7 Months |
0 |
No |
|
|
TUFFSAN
TRADING 258 (PTY)LTD |
M2007/032216/07 |
Deregistration
Process |
7 Years
7 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ROSY
BLUE INVESTMENTS (PTY)LTD |
M2003/012502/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
ROSYBLUE MANUFACTURING (PTY)LTD |
M1966/008325/07 |
In Business |
|
0 |
No |
|
|
ROSYBLUE
TRADING (PTY)LTD |
M1988/002681/07 |
In
Business |
26 Years
2 Months |
0 |
No |
|
Principal - 3 of 4 WESLEY MAKOVINI
|
Surname |
MAKOVINI |
|
First
Name |
WESLEY |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
6905115052080 |
|
Verified
ID Number |
Yes |
|
Current
Age |
45 Years
2 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2003/08/06 |
|
Physical
Address (at time of Appointment) |
36
PARKWAY,FOURWAYS GARDENS, 2191 |
|
Postal
Address |
P O BOX
71511, BRYANSTON, 2021 |
|
Current
Tel Number |
0114656276 |
|
Cell
number |
0828908514 |
|
Shareholding/Membership |
0.00 |
Business Information for WESLEY MAKOVINI Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CARATCO
(PTY)LTD |
M2003/017551/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
JADWIGA JEWELLERY (PTY)LTD |
M2005/011794/07 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
PANDA
DIAMONDS (PTY)LTD |
M2006/009814/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
WES
MAKOVINI |
6905115052080 |
|
Unknown |
0 |
No |
|
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ADARA
JEWELLERY (PTY)LTD |
M1997/021416/07 |
In
Business |
17 Years
5 Months |
0 |
No |
|
|
AFRICAN
JEWELLERY AND DIAMONDS (PTY)LTD |
M2001/022277/07 |
Deregistration
Final |
13 Years
1 Months |
0 |
No |
|
|
JEWELLERY
EXPERIENCE (PTY)LTD |
M2000/022022/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
JOUEL
(PTY)LTD |
M2010/005800/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
Principal Deeds Information Property
Interests for WESLEY MAKOVINI
|
Title Deed
No. |
T15652/2010 |
Erf/Site
No. |
1730 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
30 PARK
FOURWAYS GARDENS SANDTON |
|
Property
Type |
E |
Extent /
Size |
|
|
Purchase
Date |
2010/01/15 |
Purchase
price |
R
4650000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
B107212010 |
Bond
Amount |
R
2800000.00 |
|
Comment |
|
||
Property Interests for WESLEY MAKOVINI
|
Title
Deed No. |
T54967/2000 |
Erf/Site
No. |
6386 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
93 KLASERIE
MORELETAPARK |
|
Property
Type |
F |
Extent /
Size |
700.00000000 |
|
Purchase
Date |
2000/04/25 |
Purchase
price |
R
74900.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R 0.00 |
|
Comment |
|
||
Principal - 4 of 4 TIMOTHY WATSON
|
Surname |
WATSON |
|
First
Name |
TIMOTHY |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
5712225245005 |
|
Verified
ID Number |
Yes |
|
Current
Age |
56 Years
7 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2003/07/24 |
|
Physical
Address (at time of Appointment) |
8
HIGHWICK RIOAD, KENILWORTH, CAPE TOWN, 7700 |
|
Postal
Address |
P O BOX
71511, BRYANSTON, 2021 |
|
Current
Tel Number |
0112744905 |
|
Cell
number |
0824565868 |
|
Shareholding/Membership |
0.00 |
Business Information for TIMOTHY WATSON Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CARATCO
(PTY)LTD |
M2003/017551/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
HARD
ASSET INVESTMENT BROKERS(PTY)LTD |
M1986/002467/07 |
Deregistration
Process |
28 Years
4 Months |
0 |
No |
|
|
INTERCOLOUR
GEMS CC |
B1991/029031/23 |
In
Business |
23 Years
11 Months |
0 |
No |
|
|
PANDA
DIAMONDS (PTY)LTD |
M2006/009814/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
1ST AVENUE
GOLD ACCEPTANCES (PTY)LTD |
M1996/012338/07 |
Deregistration
Final |
18 Years
6 Months |
0 |
No |
|
|
AFRICAN
JEWELLERY AND DIAMONDS (PTY)LTD |
M2001/022277/07 |
Deregistration
Final |
13 Years
1 Months |
0 |
No |
|
|
AKOYA
PEARLS CC |
B1993/012313/23 |
Deregistration
Final |
21 Years
9 Months |
0 |
No |
|
|
CARWAY PANELBEATERS
CC |
B1991/029779/23 |
Deregistration
Final |
23 Years
11 Months |
0 |
No |
|
|
CONSTANTIA
OAK PROPERTIES CC |
B1997/047414/23 |
Deregistration
Final |
17 Years
5 Months |
0 |
No |
|
|
CORPCLO
326 CC |
B1998/033883/23 |
Deregistration
Process |
16 Years
4 Months |
0 |
No |
|
|
CULLINAN
DIAMONDS (PTY)LTD |
M2000/023394/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
DUNROSE
INVESTMENTS 77 (PTY)LTD |
M2000/029079/07 |
Deregistration
Final |
14 Years
2 Months |
0 |
No |
|
|
FIRST
GOLD TRADING CC |
B1995/025742/23 |
Deregistration
Final |
19 Years
7 Months |
0 |
No |
|
|
OLD
VINEYARD PROPERTIES CC |
B1997/051176/23 |
Deregistration
Final |
17 Years
5 Months |
0 |
No |
|
|
OUWINGERD
PROPERTIES CC |
B1997/047451/23 |
Deregistration
Final |
17 Years
5 Months |
0 |
No |
|
|
SECTION
14 HOLLYBANK ILLOVO CC |
B1997/064565/23 |
In
Business |
17 Years
5 Months |
0 |
No |
|
|
SUNSTAR
DIAMOND CUTTERS CC |
B1992/030954/23 |
Deregistration
Final |
22 Years
10 Months |
0 |
No |
|
|
TANZANITE
S A (PTY)LTD |
M1960/002580/07 |
Deregistration
Final |
54 Years
6 Months |
0 |
No |
|
|
TROPICAL COLLECTION (PTY)LTD |
M2006/011015/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
WATERSONG INVESTMENTS (PTY)LTD |
M1996/000559/07 |
Deregistration
Final |
18 Years
6 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.22 |
|
|
1 |
Rs.102.79 |
|
Euro |
1 |
Rs.81.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.