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Report Date : |
16.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
MULTI FABRICS CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28.04.1989 |
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Com. Reg. No.: |
B1989/013365/23 |
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Legal Form : |
Private Company |
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|
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Line of Business : |
Manufactures
and Supplies industrial and technical filter clothes, fabrics and fabricated media
for wet and dry dust applications |
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|
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|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
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 |
MULTI
FABRICS CC |
|
Country |
South
Africa |
|
Subject
Contact Person |
MOHHMAD
MOTTIAR -Managing member |
|
Assessment |
This is
an established business. On investigation contact was made with MOHHMAD MOTTIAR
the managing member who declined to assist with all of the required
information. Mr MOTTIAR requested to know the name of the principal enquirer
before he can divulge any information on the subject. Please see the
available information on the subject below. |
|
Registered
Name |
MULTI
FABRICS CC |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
B1989/013365/23 |
|
Registration
Date |
1989/04/28 |
|
Date Commenced
Trading |
1989-04-28 |
|
Age of
Business |
25 Years
3 Months |
|
History
of Business |
The
business was established in 1989 |
|
History
of Principals |
There
are 2 members within the subject |
|
Shareholders/Members/Partners
of subject and % holding |
50%-MOHHMAD
MOTTIAR 50%-ABDOOLHAQUE MOTTIAR |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject manufactures and supplies industrial and technical filter clothes,
fabrics and fabricated media for wet and dry dust applications |
|
Industry/
Customers |
The
private sector |
|
Export |
Unknown |
|
Import |
Unknown |
|
Major
Industry Code / SICC |
31110 |
|
Definition
of Code |
Spinning,
weaving and finishing of yarns and fabrics, other |
|
Head
Office Physical Address |
27 TELEFORD
ROAD, INDUSTRIA, JOHANNESBURG |
|
Head
Office Postal Address |
P O BOX
42676,FORDSBURG, 2033 |
|
Current
Tel Number |
0114740754 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
Unavailable |
|
Current
Email Address |
Unavailable |
|
Web Site
Address |
Unavailable |
|
Comments |
|
|
Company
Registered Name |
KAROLIA
JEENA INC |
|
Trading
Name |
KAROLIA
JEENA |
|
Registration
Number |
M2000/007138/21 |
|
Physical
Address |
8A KEYES
AVENUE, 2ND FLOOR NSI HOUSE, ROSEBANK, 2196 |
|
Postal
Address |
PRIVATE
BAG X 2677, SAXONWOLD, 2132 |
|
Contact
Person |
karjeena |
|
Contact
Number |
0114824141 |
|
Email |
|
|
Principals |
4 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
920037E |
|
VAT
Number |
4830188605 |
|
Tax
Number |
9174104142 |
|
BEE
Status |
None |
|
Financial
Year End |
February |
|
No of
years in Business |
Unknown |
|
Website |
|
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4320185574 |
|
Tax
Number |
9002410844 |
|
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 |
Member |
MOHHMAD
MOTTIAR |
|
|
|
|||
|
1 |
Member |
ABDOOLHAQUE
MOTTIAR |
|
Company Structure
(Ownership)
Note: One level up and all levels
down
|
Holding |
Company |
Sub |
Comment |
|
50%-MOHHMAD
MOTTIAR |
MULTI FABRICS CC |
None |
|
|
50%-ABDOOLHAQUE MOTTIAR |
MULTI FABRICS CC |
None |
|
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
- 1 of 2 MOHHMAD MOTTIAR |
|
|
Surname |
MOTTIAR |
|
First
Name |
MOHHMAD |
|
Other
Names |
REZA
ABDOOL HAQZIE |
|
ID
Number |
6403185228087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
50 Years
4 Months |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
2005/03/03 |
|
Physical
Address (at time of Appointment) |
24 6TH
STREET, HOUGHTON, 2198 |
|
Postal
Address |
P O BOX
42966,FORDSBURG, 2033 |
|
Current
Tel Number |
0114740755 |
|
Cell
number |
0827831223 |
|
Shareholding/Membership |
50.00 |
Principal's Adverse
- No information on record
Business Information for MOHHMAD MOTTIAR
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BALTIMORE
TRADING CC |
B1994/029125/23 |
In
Business |
20 Years
8 Months |
0 |
No |
|
|
CHANYARON
INVESTMENTS CC |
B1996/044680/23 |
In
Business |
18 Years
6 Months |
0 |
No |
|
|
MOSSBAY
PROPERTY INVESTMENTS (PTY)LTD |
M1988/006569/07 |
In
Business |
26 Years
2 Months |
0 |
No |
|
|
MULTI
FABRICS CC |
B1989/013365/23 |
In
Business |
25 Years
1 Months |
0 |
No |
|
|
ONE TWO
FOUR CROWN EXTENSION CC |
B1991/024244/23 |
In
Business |
23 Years
11 Months |
0 |
No |
|
|
TDF
DISTRIBUTORS CC |
B1999/058402/23 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
UNIVERSAL
FIBRE CC |
B2001/026849/23 |
In
Business |
13 Years
1 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 19
Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
DATRO TECH 11
(PTY)LTD |
M2001/006447/07 |
Deregistration
Final |
13
Years 1 Months |
0 |
No |
|
|
ERF 97 LEA GLEN
TOWNSHIP CC |
B1992/029475/23 |
In
Liquidation |
22 Years 10
Months |
0 |
Yes |
|
|
PROTEA
TEXTILES CC |
B1991/014028/23 |
Voluntary
Liquidation |
23 Years 11
Months |
0 |
Yes |
|
Principal Deeds Information
Property Interests for MOHHMAD MOTTIAR
|
Title
Deed No. |
ST36463/2004 |
Erf/Site
No. |
2480,2 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
HOUGHTON
ESTATE JOHANNESBURG |
|
Property
Type |
U |
Extent /
Size |
|
|
Purchase
Date |
2004/03/16 |
Purchase
price |
R120000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
I-23222003C |
Bond
Amount |
R 0.00 |
|
Comment |
|
||
Property Interests for MOHHMAD MOTTIAR
|
Title
Deed No. |
ST96685/2007 |
Erf/Site
No. |
1286,0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
LONE
HILL SANDTON |
|
Property
Type |
U |
Extent /
Size |
|
|
Purchase
Date |
2006/01/03 |
Purchase
price |
R898310.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
NEDBANK
LTD |
|
Bond
Number |
SB1199312007 |
Bond
Amount |
R883310.00 |
|
Comment |
|
||
|
Property Interests for MOHHMAD
MOTTIAR |
|||
|
Title
Deed No. |
ST96694/2007 |
Erf/Site
No. |
1286,0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
LONE
HILL SANDTON |
|
Property
Type |
U |
Extent /
Size |
|
|
Purchase
Date |
2006/01/03 |
Purchase
price |
R
728600.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
NEDBANK
LTD |
|
Bond
Number |
SB1199382007 |
Bond
Amount |
R713600.00 |
|
Comment |
|
||
Principal - 2 of 2
ABDOOLHAQUE MOTTAIR
|
Surname |
MOTTAIR |
|
First
Name |
ABDOOLHAQUE |
|
Other
Names |
None |
|
ID
Number |
3303155059053 |
|
Verified
ID Number |
Yes |
|
Current
Age |
81 Years
4 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
1989/04/28 |
|
Physical
Address (at time of Appointment) |
144
PRESIDENT STREET, JOHANNESBURG, 2001 |
|
Postal
Address |
P O BOX
421028, FORDSBURG, 2033 |
|
Current
Tel Number |
0114740754 |
|
Cell
number |
0832584874 |
|
Shareholding/Membership |
50.00 |
Principal's Adverse
- No information on record
Business Information for ABDOOLHAQUE MOTTAIR
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BALTIMORE
TRADING CC |
B1994/029125/23 |
In
Business |
20 Years
8 Months |
0 |
No |
|
|
ERF 709
710 713 JOHANNESBURG CC |
B1995/019340/23 |
In
Business |
19 Years
7 Months |
0 |
No |
|
|
IPS
FOODS CC |
B1988/023563/23 |
Conversion
CO/CC or CC/CO |
26 Years
2 Months |
0 |
No |
|
|
MOSSBAY
PROPERTY INVESTMENTS (PTY)LTD |
M1988/006569/07 |
In
Business |
26 Years
2 Months |
0 |
No |
|
|
MULTI
FABRICS CC |
B1989/013365/23 |
In
Business |
25 Years
1 Months |
0 |
No |
|
|
ONE TWO
FOUR CROWN EXTENSION CC |
B1991/024244/23 |
In
Business |
23 Years
11 Months |
0 |
No |
|
|
RAMOTSWA
GARMENT INDUSTRIES CC |
B1995/019121/23 |
In
Business |
19 Years
7 Months |
0 |
No |
|
|
TDF
DISTRIBUTORS CC |
B1999/058402/23 |
In Business |
15 Years
3 Months |
0 |
No |
|
Principal Previous Business Interests
Average
Age of Previous Business 20
Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
APX PHARMA DISTRIBUTORS (PTY)LTD |
M2003/002511/07 |
In
Business |
11
Years 11 Months |
0 |
No |
|
|
CHANYARON
INVESTMENTS CC |
B1996/044680/23 |
In
Business |
18
Years 6 Months |
0 |
No |
|
|
CHILLERS
CC |
B1985/003881/23 |
In
Business |
29 Years 5 Months |
0 |
No |
|
|
DATRO TECH 11
(PTY)LTD |
M2001/006447/07 |
Deregistration
Final |
13
Years 1 Months |
0 |
No |
|
|
ERF 97 LEA GLEN
TOWNSHIP CC |
B1992/029475/23 |
In
Liquidation |
22 Years 10
Months |
0 |
Yes |
|
|
FORUM
TEXTILES CC |
B1989/008328/23 |
Deregistration
Final |
25 Years 1 Months |
0 |
No |
|
|
PROTEA
TEXTILES CC |
B1991/014028/23 |
Voluntary
Liquidation |
23 Years 11
Months |
0 |
Yes |
|
Principal Deeds Information
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
: |
DIV |
|
|
|
|
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.