|
Report Date : |
08.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
FIRST GOODS GLOBAL TRADING (PTY)LTD |
|
|
|
|
Registered Office : |
82 Smits Street, Germiston, Gauteng, 1401 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
25.11.2013 |
|
|
|
|
Com. Reg. No.: |
2013/219899/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Engaged in supply of foods
such as Fresh Onions, White Garlic, Fresh Apples, Frozen Strawberries,
Basmati Rice, Red Kidney Beans, Mung Beans, Fresh Carrots, Fresh Tomatoes,
Fresh Pears, Sesame Seed, Anis Seed, Energy and Soft Drinks and Sunflower Oil |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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. State power
supplier 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 |
FIRST GOODS GLOBAL TRADING (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
GEORGE LE CLERK - Financial Secretary |
|
Assessment |
On investigation contact was made with GEORGE LECLERK , the financial secretary of the business who declined to provide or confirm all of the information. He requested that the principal enquirer contact the company in there own capacity to obtain the information. Please see the information obtained below. |
|
Registered Name |
FIRST GOODS GLOBAL TRADING (PTY)LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
2013/219899/07 |
|
Registration Date |
2013/11/25 |
|
Date Commenced Trading |
2008-01-01 |
|
Age of Business |
3 Months |
|
History of Business |
The subject was established as a new company in November 2013. Trading however commenced in 2008. |
|
History of Principals |
There is currently 1 active director within the company. |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Status |
In Business |
|
Operations Assessment |
General supply of foods such as : Fresh Onions, White Garlic, Fresh Apples, Frozen strawberries, Basmati Rice, Red Kidney Beans, Mung Beans, Fresh Carrots, Fresh Tomatoes, Fresh Pears, Sesame seed, Anis seed, Energy and soft drinks and Sunflower Oil |
|
Industry/ Customers |
Local and international produce retailers. The subject supplies as per request from clients, |
|
Export |
Yes |
|
Import |
Yes |
|
Major Industry Code / SICC |
30401 |
|
Definition of Code |
MANUFACTURE OF FOOD PREPARATION PRODUCTS |
|
Head Office Physical Address |
82 Smits Street, Germiston, GAUTENG, 1401 |
|
Head Office Postal Address |
Unavailable |
|
Current Tel Number |
Unavailable |
|
Cell Number |
0733942649 |
|
Current Fax Number |
0866632018 |
|
Current Email Address |
firstgoodsglobaltrading.co.za |
|
Web Site Address |
Auditors Information
- No Information on Record
Previous Auditors
Information - No Information on Record
|
Vat Number |
Unavailable |
|
Tax Number |
Unavailable |
|
Financial Year End |
Unavailable |
|
Comment |
The subject declined to provide the TAX and VAT information. |
Black Economic
Empowerment Information - No Information on Record
ISO Information - No Information
on Record
|
Comment |
The subject declined to provide the above information. |
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
Organisational Ohart - No Information on Record
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
Business Rescue - 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 |
1 |
|
Average Age of Active Principals |
32 |
Active Principals
Principal - 1 of 1 ERIC ATABON
|
Surname |
ATABON |
|
First Name |
ERIC |
|
Other Names |
Unavailable |
|
ID Number |
515320 |
|
Verified ID Number |
No |
|
Current Age |
31 Years 6 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2013/11/25 |
|
Physical Address (at time of Appointment) |
40 SCOTT STREET, DYASONSKLIP, UPINGTON, NORTHERN CAPE, 8801 |
|
Postal Address |
40 SCOTT STREET, DYASONSKLIP, UPINGTON, NORTHERN CAPE, 8800 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Principal's Adverse
- No information on record
Business Information
for ERIC ATABON
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AFRICAN MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In Business |
82 Years 10 Months |
0 |
No |
|
|
ASSMANG LTD |
M1935/007343/06 |
In Business |
78 Years 6 Months |
0 |
No |
|
|
ASSORE LTD |
M1950/037394/06 |
In Business |
63 Years 3 Months |
0 |
No |
|
|
ORE AND METAL COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
|
ORESTEEL INVESTMENTS (PTY)LTD |
M1975/003008/07 |
In Business |
38 Years 2 Months |
0 |
No |
|
|
THE SACCO COMMUNITY CENTRE |
M2009/013212/08 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
WONDERSTONE LTD |
M1935/006371/06 |
In Business |
78 Years 6 Months |
0 |
No |
|
|
XERTECH (PTY)LTD |
M2001/006462/07 |
In Business |
0 |
0 |
No |
|
|
ZEERUST CHROME MINES LTD |
M1962/001355/06 |
In Business |
51 Years 3 Months |
0 |
No |
|
|
ATABONS ENTERPRISE (PTY)LTD |
K2013/190202/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
EA CAPRICON TRADING (PTY)LTD |
K2014/009161/07 |
In Business |
0 |
0 |
No |
|
|
FIRST GOODS GLOBAL TRADING (PTY)LTD |
K2013/219899/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
Principal's Previous Business Interests - No information on record
Principal Deeds
Information
Property Interests
for ERIC ATABON
|
Title Deed No. |
T32402/2011 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
HYDE PARK SANDTON |
|
Property Type |
Freehold |
Extent / Size |
2050.0SQM |
|
Purchase Date |
2011/03/21 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
K28291977S |
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.99 |
|
UK Pound |
1 |
Rs.102.07 |
|
Euro |
1 |
Rs.84.53 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.