MIRA INFORM REPORT

 

 

Report No. :

341969

Report Date :

29.09.2015

 

IDENTIFICATION DETAILS

 

Name :

D K GAS APPLIANCES (PTY) LTD

 

 

Registered Office :

104 Maraba Centre Mogul Street ASIATIC BAZAAR Pretoria 0002

 

 

Country :

South Africa

 

 

Date of Incorporation :

06.09.1987

 

 

Com. Reg. No.:

1987/002484/07

 

 

Legal Form :

Private Company (Pty) Ltd

 

 

Line of Business :

Importers, exporters and distributors of gas appliances, accessories as well as camping and outdoor equipment.

 

 

No. of Employee :

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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, emergingMARKET with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; and a stock exchange that is Africa’s largest and among the top 20 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. Economic growth has decelerated in recent years, slowing to just 1.5% in 2014. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 25% of the work force, and runs significantly higher among black youth. Eskom, the state-run power company, is building three new power stations and is installing new power demand management programs to improve power grid reliability. Load shedding and resulting rolling blackouts gripped many parts of South Africa in late 2014 and early 2015 because of electricity supply constraints that resulted from technical problems at some generation units, unavoidable planned maintenance, and an accident at a power station in Mpumalanga province. The rolling black outs were the worst the country faced since 2008. Construction delays at two additional plants, however, mean South Africa will continue to operate on a razor thin margin; economists judge that growth cannot exceed 3% until electrical supply problems are resolved.

South Africa's economic policy has focused on controlling inflation; however, the country faces structural constraints that also limit economic growth, such as skills shortages, declining global competitiveness and frequent work stoppages due to strike action. The current government faces growing pressure from urban constituencies to improve the delivery of basic services to low-income areas and to increase job growth.

 

Source : CIA

 

 

COMPANY INFORMATION

 

 

OVERVIEW

 

History

D K GAS APPLIANCES (PTY) LTD trading as TOTAI was established in June 1987,

however, further details were not confirmed by the respondent at the subject.

Major Operations or Business Sectors

Importers, exporters and distributors of gas appliances, accessories as well as

camping and outdoor equipment.

Industry

Import, export and distribution

SIC Code(s)

67(Import And Export)

 

 

STATUTORY INFORMATION

 

Registered Name

D K GAS APPLIANCES (PTY) LTD

Trading As

TOTAI

Registration Number

1987/002484/07

Type of Company

Private Company (Pty) Ltd

Registration Date

06/09/1987

Date Commenced Trading

06/09/1987

Commercial Status

In Business

 

 

CONTACT DETAILS

 

Contact Number

+27 12  666 7773

Fax Number

+27 12  666 7557

Website

www.totai.co.za

Social Media Presence

The subject does not have social media presence.

Registered Physical Address

104 Maraba Centre

Mogul Street

ASIATIC BAZAAR

Pretoria

0002

Trading Physical Address

259 Barolong Street

Icon Park

SUNDERLAND RIDGE

Pretoria, Gauteng

Postal Address

P O BOX 46210

BELLE OMBRE

Pretoria

0142

 

 

TAX INFORMATION

 

Income Tax Number

9198464845

VAT Number

4140116098

 

 

AUDITORS INFORMATION

 

Name

A MOOSA AND CO

 

 

INSURANCE BROKER INFORMATION

 

Insurance Broker Name

RELIANCE INSURANCE BROKERS

Contact Number

+27 11 726 3440

 

 

OWNERSHIP STRUCTURE

 

SHAREHOLDING INFORMATION

 

Shareholders/Members

Share/Interest (%)

 

 

A S DOCKRAT

100

 

 

ASSOCIATED COMPANIES

 

Company Name

Relationship

PRETORIA NORTHTRADINGG CC T/A SOLOMONS GIFTSRegistration

Certificate Number: 1988//006200/23

Associate Company

 

 

 

PRINCIPAL INFORMATION

 

PRINCIPAL DETAILS

 

Full Name

ID No.

Designation

Status

Date of

Appointment

Active

Interests

Prev.

Interests

Judgments

Fraud

Listing

DOCKRAT,

AHMED SULEIMAN

3002255083050

Director

Active

06/09/1987

8

1

0

0

DOCKRAT, ESSOP

SULEIMAN

3602105295083

Director

Resigned

06/09/1987

0

0

0

0

 

 

ACTIVE BUSINESS INTERESTS: AHMED SULEIMAN DOCKRAT

 

Company Name

 

Registration No.

Business Status

Principle Status

Judgments

A AND E DOCKRAT

2000/011360/07

In Business

Active

0

EIGHT HUNDRED AND FIVE

PRETORIA NORTH

1975/001062/07

In Business

Active

0

LAUDIUM MENTAL HEALTH

FOUNDATION

2000/026688/08

AR Deregistration

Process

Active

0

POTGIETERSRUST ESTATES

1982/011272/07

Voluntary Liquidation

Active

0

SELFBUILD INVESTMENTS

1991/006104/07

In Business

Active

0

SUNRISE SCHOOL

FOUNDATION

1998/009381/08

AR Deregistration

Process

Active

0

TSHWANE MUSLIM

SCHOOL

1990/003356/08

In Business

Active

0

 

 

PREVIOUS BUSINESS INTERESTS: AHMED SULEIMAN DOCKRAT

 

Company Name

 

Registration No.

Business Status

Principle Status

Judgments

PRETORIA NORTH TRADING

1988/006200/23

In Business

Resigned

0

 

 

BBBEE

 

GENERAL COMMENTS

 

Comments                               Information Declined

 

 

BANK ACCOUNT VERIFICATION

 

Verified                        Yes

Bank Name                  FIRST NATIONAL BANK

Account Holder            D K GAS APPLIANCES (PTY) LTD

Account Number          62087446938

 

 

OPERATIONS

 

MAJOR OPERATIONS

 

Major Business Activities

The subject are importers, exporters and distributors of gas appliances and

accessories, as well as camping and outdoor equipment.

Foreign Trade Activities

The subject imports supplies world wide and exports to neighbouring countries like

Botswana and Lesotho.

Major Suppliers

HEAT & COMBUSTION +27 11 622 8710

SA MERCANTILE +27 11 396 1004

KUEHNE & NAGEL +27 11 574 7000

Major Customers

Retailers.

Major Brands

The subject does not represent any major brands.

 

 

BRANCH & PREMISES INFORMATION

 

Area of Distribution                  National

 

Location

Description/Type

Size (m²)

# of Staff

Rented or

Owned

If rented: Lease

Expiry Date

Pretoria

Office

 

 

Unknown

n/a

 

 

EMPLOYEES

 

GENERAL COMMENTS

 

Comments

 

 

FINANCING TERMS

 

Sales Terms                 Unknown

Year End                      February

 

 

 

GENERAL COMMENTS

 

Comments                   Financing terms were declined by the respondent at the subject.

 

 

FINANCIAL FIGURES

 

Actual numbers, 000' or mio                Actual Numbers

 

Comment                     Financial figures were declined by the respondent at the subject.

 

 

TRADE REFERENCES

 

TRADE REFERENCE ANALYTICS

 

# of Trade Refs in

the last 3 years

 

Overall Trade

Score

Average Usage of

Terms

Average Monthly Purchase

Average Usage of

Credit Limit

3

75%

100%

780,000.00 ZAR

78%

 

 

TRADE REFERENCES

 

Trade

Ref #

Date

Trade

Score

2 = best

0 = worst

Terms

Given

(Taken)

in days

Monthly

Limit

Given

(Taken)

Account

Opened

years

Payment Trend

(prev. 3 years)

 

 

Acc.

Insured

Notes

Ref 1

28/09/2015

1

cod

(cod)

Open

()

2

1

--

--

No

This is aC.O.D.

account. The

subject

chose to

operate on a

C.O.D. basis.

The supplier

stated that

there are no

problems

with the

subject.

Ref 2

28/09/2015

2

30 (30)

1,000,000

ZAR

(780,000

ZAR)

5

2

--

--

Yes

This is stated

to be an

excellent

account.

Ref 3

28/09/2015

N/A

see

notes

(see

notes)

Declined

()

 

--

--

--

Unknown

It is against

the supplier's

company

policy to

give out

trade

references.

 

 

GENERAL COMMENTS

 

Comments                   It should be noted that the following trade references are current trade references

obtained, and reflect a current payment pattern for the subject. Further supplier

details were not made available.

 

 

ADMIN DETAILS

 

INTERVIEWEE

 

Contact Person                        Saheed

Position                                   Manager

Company Tel No.                     +27 12 666 7773

 

 

LEGEND

 

Adverse Information    

 

Potentially Adverse Information        

(depends on client context)                                                     

 

 

judgement

 

judgement                                 1

case number                             103327

amount

court name                                JOHANNESBURG

judgement type                                     V.A.T. (Judgement By Default)

judgement date                                     2013/01/29 12:00:00 AM

plaintiffs                                   SOUTH AFRICAN REVENUE SERVICES

defendants                               OK GAS APPLIANCES

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.08

UK Pound

1

Rs.100.32

Euro

1

Rs.73.81

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ANK

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.