|
Report Date : |
31.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
AVANDA
ENTERPRISES (PTY)LTD |
|
|
|
|
Registered Office : |
28 Henwood
Road, Pinetown, Kwazulu Natal |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
04.05.2012 |
|
|
|
|
Com. Reg. No.: |
K2012/079976/07 |
|
|
|
|
Legal Form : |
Private limited |
|
|
|
|
Line of Business : |
Wholesale
trade in foodstuffs |
|
|
|
|
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 |
AVANDA
ENTERPRISES (PTY)LTD |
|
Country |
South
Africa |
|
Enquiry
Terms |
COD |
|
Account
Review |
Recommended
Every 6 Months |
|
Subject
Contact Person |
DONOVAN
HENDRY PILLAY - Director |
|
Assessment |
This
is a new business. On investigation contact was made with DONOVAN HENDRY PILLAY,
the director who requested the name principal enquirer before he could
assist. Please see the available information on the subject below. |
|
Registered
Name |
AVANDA
ENTERPRISES (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
K2012/079976/07 |
|
Registration
Date |
2012/05/04 |
|
Date
Commenced Trading |
2012-05-04 |
|
Age
of Business |
2
Years |
|
History
of Business |
The
subject commenced trading as a new company in 2012. |
|
History
of Principals |
There
is 1 active director within 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
subject supplies and manufacture maize snacks and extruded snacks |
|
Industry/
Customers |
General
retailers |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
61221 |
|
Definition
of Code |
Wholesale
trade in foodstuffs |
|
Head
Office Physical Address |
28
HENWOOD ROAD, PINETOWN, KWAZULU NATAL |
|
Head
Office Postal Address |
PO
BOX 257, UMKOMAAS, KWA-ZULU NATAL, 4170 |
|
Current
Tel Number |
0317011611 |
|
Cell
Number |
0828783390 |
|
Current
Fax Number |
Unavailable |
|
Current
Email Address |
|
|
Web
Site Address |
Unavailable |
|
Comments |
|
Auditors
Information - No Information on Record Previous
Auditors
Information - No Information on Record
Tax
Information - No Information on Record 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 |
DONOVAN HENDRY PILLAY |
|
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 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 |
40 |
|
Active
Principals Principal - 1 of 1 DONOVAN PILLAY |
|
|
Surname |
PILLAY |
|
First
Name |
DONOVAN |
|
Other
Names |
Unavailable |
|
Marital
Status |
|
|
ID
Number |
7404225196085 |
|
Verified
ID Number |
Yes |
|
Current
Age |
40
Years 1 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2013/01/24 |
|
Physical
Address (at time of Appointment) |
4
SWALLOW ROAD, NEW HAVEN, UMKOMAAS, 1470 |
|
Postal
Address |
4
SWALLOW ROAD, NEW HAVEN, UMKOMAAS, 1470 |
|
Current
Tel Number |
0317011611 |
|
Cell
number |
0828783590 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse
- No information on record
Business
Information for DONOVAN PILLAY Principal
Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AVANDA ENTERPRISES (PTY)LTD |
K2012/079976/07 |
In
Business |
2 Years 2 Months |
0 |
No |
|
|
KB DUNNETT TWENTY
FOUR INVESTMENT CC |
B1998/055735/23 |
Deregistration
Process |
16
Years 4 Months |
1 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal Deeds
Information Property
Interests for
DONOVAN PILLAY
|
Title
Deed No. |
ST43149/2003 |
Erf/Site
No. |
831,0 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
2
PULLINGER MALVERN QUEENSBURGH |
|
Property
Type |
U |
Extent
/ Size |
|
|
Purchase
Date |
2003/04/09 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
STANDARD
BANK OF SOUTH AFRICA L |
|
Bond
Number |
SB246912003 |
Bond
Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.03 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.33 |
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.