|
Report Date : |
20.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
BALSIM GENERAL TRADING CC |
|
|
|
|
Registered Office : |
Tambotie
Flat 535, 420 Leyds Street, Sunnyside, 0002 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
29.10.2007 |
|
|
|
|
Com. Reg. No.: |
2007/218049/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Business is deregistered |
|
|
|
|
Payment Behaviour : |
--- |
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|
|
|
Litigation : |
--- |
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
BALSIM
GENERAL TRADING CC |
|
Country |
South
Africa |
|
Enquiry
Terms |
30
days |
|
Account
Review |
Recommended
Every 3 Months |
|
Subject
Contact Person |
PURAN
SINGH - Member |
|
Assessment |
On
investigation contact was made with JENIETA the business assistant who could
not assist and advised that direct contact should be made with the member MR.
PURAN SINGH. Numerous attempts were made to contact him, to no avail. We
could not obtain a payment pattern on the subject. Please see the available
information on the subject below. |
|
Registered
Name |
BALSIM
GENERAL TRADING CC |
|
Trading
as/ Division Name |
Unavailable |
|
Previous
Name |
Unavailable |
|
Date
of Name Change |
Unavailable |
|
Registration
Number |
2007/218049/23 |
|
Registration
Date |
2007/10/29 |
|
Date
Commenced Trading |
2007-10-29 |
|
Age
of Business |
6
Years 7 Months |
|
History
of Business |
As
per the information provided by CIPC, the business is deregistered. |
|
History
of Principals |
There
is 1 member within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R
0.00 |
|
Issued
Share Capital/Members Contribution |
R
0.00 |
|
Status |
Deregistration
Final |
|
Operations
Assessment |
Unavailable |
|
Industry/
Customers |
Unavailable |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
9000 |
|
Definition
of Code |
Other
activities not adequately defined. |
|
Head
Office Physical Address |
TAMBOTIE
FLAT 535, 420 LEYDS STREET, SUNNYSIDE, 0002 |
|
Head
Office Postal Address |
TAMBOTIE
FLAT 535, 420 LEYDS STREET, SUNNYSIDE, 0002 |
|
Current
Tel Number |
0119142560 |
|
Cell
Number |
0749279805 |
|
Current
Fax Number |
Unavailable |
|
Current
Email Address |
Unavailable |
|
Web
Site Address |
Unavailable |
|
Comments |
|
|
Company
Registered Name |
AB
D MEKGOE |
|
Trading
Name |
Unavailable |
|
Registration
Number |
Unavailable |
|
Physical
Address |
Unavailable |
|
Postal
Address |
P
O BOX 6011, CRESTA, 2118 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
Unavailable |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
|
|
Practice
Number |
08083141 |
|
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 |
|
|
Status |
|
|
Vat
Liable Date |
|
|
Tax
Number |
9516051167 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
|
|
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 |
Owner |
PURAN SINGH |
|
Company
Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100% |
BALSIM GENERAL TRADING 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 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
Principals
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
38 |
|
Active Principals Principal - 1 of 1 PURAN SINGH |
|
|
Surname |
SINGH |
|
First
Name |
PURAN |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
7603016335188 |
|
Verified
ID Number |
Yes |
|
Current
Age |
Unknown |
|
Designation |
|
|
Status |
Active |
|
Appointment
Date |
2007/10/29 |
|
Physical
Address (at time of Appointment) |
TAMBOTIE
FLAT 535, 420 LEYDS STREET, SUNNYSIDE, 0002 |
|
Postal
Address |
TAMBOTIE
FLAT 535, 420 LEYDS STREET, SUNNYSIDE, 0002 |
|
Current
Tel Number |
0119142560 |
|
Cell
number |
0749644552 |
|
Shareholding/Membership |
100.00 |
Principal's
Adverse - No information on record
Business Information
for PURAN SINGH Principal's Current Business
Interests - No
information on record
Principal
Previous Business Interests
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
BALSIM GENERAL
TRADING CC |
2007/218049/23 |
Deregistration
Final |
7
Years 7 Months |
0 |
No |
|
Principal
Deeds Information
Property
Interests for PURAN SINGH
|
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 |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.42 |
|
|
1 |
Rs.98.28 |
|
Euro |
1 |
Rs.80.11 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.