|
Report Date : |
02.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
EVER COOL TRADING (PTY) LTD |
|
|
|
|
Registered Office : |
Unit No
3, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
26.10.2004 |
|
|
|
|
Com. Reg. No.: |
M2004/009271/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Retail Trade
In Non-Specialized Stores With Food, Beverages And Tobacco Predominating |
|
|
|
|
No of Employees : |
No 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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
EVER
COOL TRADING (PTY) LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
NADIA
ALI - Financial Manager |
|
Assessment |
On investigation
contact was made with NADIA ALI who declined to assist with all of the
required information. MRS. ALI stated the subject has no dealings within
India and requested to know the name of the principal enquirer before she may
reveal any information. Please see the available information on the subject
below. |
|
Registered
Name |
EVER
COOL TRADING (PTY)LTD |
|
Trading
as/ Division Name |
EVER
COOL TRADING |
|
Previous
Name |
Unavailable |
|
Date
of Name Change |
2004-10-26 |
|
Registration
Number |
M2004/009271/07 |
|
Registration
Date |
2004/04/06 |
|
Date
Commenced Trading |
2004-04-06 |
|
Age
of Business |
10
Years 4 Months |
|
History
of Business |
The
subject commenced trading as a new company in 2004. It underwent a name change
in October 2004 from an undisclosed name to the current. |
|
History
of Principals |
There
is 1 active director within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
100
% - SUHAIL GOOLAM PATEL |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subjects main operation is to manufacture powder beverages. |
|
Industry/
Customers |
The
wholesale and retail industry |
|
Export |
None |
|
Export
Countries |
|
|
Import |
None |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
62110 |
|
Definition
of Code |
Retail
Trade In Non-Specialized Stores With Food, Beverages And Tobacco
Predominating |
|
Head
Office Physical Address |
Unit No 3,
19 Andromeda Road, Crown Mines Ext 6, Johannesburg, 2041 |
|
Head
Office Postal Address |
P O Box
3325, Houghton, Johannesburg, 2041 |
|
Current
Tel Number |
0118377172 |
|
Cell
Number |
None |
|
Current
Fax Number |
0866598369 |
|
Current
Email Address |
|
|
Web
Site Address |
None |
|
Comments |
|
|
Company
Registered Name |
MALHERBE
LOURENS |
|
Trading
Name |
Unavailable |
|
Registration
Number |
Unavailable |
|
Physical
Address |
Unavailable |
|
Postal
Address |
P
O BOX 4590, RANDBURG, 2125 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
Unavailable |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
|
|
Practice
Number |
Unavailable |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No
of years in Business |
Unknown |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat Number |
None |
|
Status |
INACTIVE |
|
Vat Liable Date |
|
|
Tax Number |
9454474157 |
|
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
Organization Chart
|
Level |
Position |
Name |
|
1 |
Director |
Suhail Goolam Patel |
Company Structure (Ownership)
Note: One level up and all level down
|
Holding |
Company |
Sub |
|
100 % - SUHAIL
GOOLAM PATEL |
EVER COOL TRADING(PTY)LTD |
None |
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
PRINCIPALS
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
38 |
|
ACTIVE PRINCIPALS PRINCIPAL - 1 OF 1 SUHAIL PATEL |
|
|
Surname |
PATEL |
|
First
Name |
SUHAIL |
|
Other
Names |
GOOLAM |
|
Marital
Status |
|
|
ID
Number |
7606225233086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
38
Years 2 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2004/06/17 |
|
Physical
Address (at time of Appointment) |
FLAT
402, 69 CROWN ROAD, FORDSBURG, JOHANNESBURG, GAUTENG, 2092 |
|
Postal
Address |
PO
BOX 3325, HOUGHTON, JOHANNESBURG, GAUTENG, 2041 |
|
Current
Tel Number |
0118377172 |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
100% |
Principal's Adverse - No information on record
Business Information for SUHAIL PATEL
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
AFRO
GULF MEDICAL SUPPLY CC |
B2002/103114/23 |
Deregistration
Final |
0 |
0 |
No |
|
EVER COOL TRADING
(PTY)LTD |
M2004/009271/07 |
In
Business |
10
Years 10 Months |
0 |
No |
|
EVERCOOL
BEVERAGES CC |
B2003/077851/23 |
Deregistration
Process |
11
Years 11 Months |
1 |
No |
|
PRINTOPACK
(PTY)LTD |
K2012/180049/07 |
In
Business |
2
Years 2 Months |
0 |
No |
|
Principal
Previous Business Interests |
|
|
Average Age of Previous Business |
11 Years |
PRINCIPAL
DEEDS INFORMATION
PROPERTY INTERESTS FOR SUHAIL PATEL
|
Title
Deed No. |
T10588/2002 |
Erf/Site
No. |
1280 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
65
SIMLA CLAUDIUS |
|
Property
Type |
F |
Extent
/ Size |
700.00000000 |
|
Purchase
Date |
2001/08/29 |
Purchase
price |
R
220000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
|
1 |
Rs.100.43 |
|
Euro |
1 |
Rs.79.40 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.