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MIRA INFORM REPORT
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Report No. : |
504084 |
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Report Date : |
23.04.2018 |
IDENTIFICATION DETAILS
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Name : |
TOLDOS INT TRADE (PTY) LTD |
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Registered Office : |
171
Sadie Road Roodepoort, Johannesburg, Gauteng 1723 |
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Country : |
South Africa |
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Date of Incorporation : |
02.05.2017 |
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Com. Reg. No.: |
2017/185467/07 |
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Legal Form : |
Private
Company |
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Line of Business : |
Wholesale of Food, Beverages and Tobacco |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
|
Credit Rating |
Explanation |
Rating Comments |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
South Africa |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 Africa’s largest and among the top 20 in the world.
Economic growth has decelerated in recent years, slowing to an estimated 0.7% in 2017. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 27% of the workforce, and runs significantly higher among black youth. 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. 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 but has been plagued with accusations of mismanagement and corruption and faces an increasingly high debt burden.
South Africa's economic policy has focused on controlling inflation while empowering a broader economic base; 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 government faces growing pressure from urban constituencies to improve the delivery of basic services to low-income areas, to increase job growth, and to provide university level-education at affordable prices. Political infighting among South Africa’s ruling party and the volatility of the rand risks economic growth. International investors are concerned about the country’s long-term economic stability; in late 2016, most major international credit ratings agencies downgraded South Africa’s international debt to junk bond status.
|
Source
: CIA |
Executive
Summary
Subject
was unresponsive, therefore we are unable to comment on your enquiry.
COMPANY
INFORMATION
OVERVIEW
|
History
|
TOLDOS
INT TRADE (PTY) LTD was registered in May 2017, and operations commenced in
June 2017 |
STATUTORY
INFORMATION
|
Registered
Name |
TOLDOS
INT TRADE |
|
Registration
Number |
2017/185467/07 |
|
Type
Of Company |
Private
Company |
|
Registered
Date |
02/05/2017 |
|
Date
Commenced Trading |
01/06/2017 |
|
Commercial
Status |
In
Business |
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Financial
Year End |
February |
CONTACT
DETAILS
|
Email
Address |
|
|
Website |
The
subject does not have a website. |
|
Social
Media Presence |
The
subject does not have a social media presence. |
|
Registered Physical Address |
171
Sadie Road Roodepoort Johannesburg
Gauteng
South Africa 1723 |
|
Trading Physical Address |
Oakridge Avenue Hadison Park Kimberley
Northern
Cape South Africa 8301 |
|
Postal Address |
171 Sadie Road Roodepoort
Johannesburg
Gauteng
South Africa 1723 |
GENERAL
COMMENTS
|
Comments |
The
respondent was reluctant in assisting us telephonically with the required
information and requested an emailed questionnaire. This was duly sent.
However, to date there has been no response, despite our having followed up
on numerous occasions. Any information contained in this report was obtained
from outside sources and public information and is thus unconfirmed by the
subject. |
TAX
INFORMATION
TAX INFORMATION
|
Income
Tax Number |
9075336249 |
VAT INFORMATION
|
VAT
Status |
Not
VAT registered |
OWNERSHIP
STRUCTURE
GENERAL COMMENTS
|
General
Comments |
Ownership
structure was not made available. |
PRINCIPAL
INFORMATION
Director / Member
|
Full Name |
ID No. |
Type |
Status |
DOA |
Active Interests |
Previous Interests |
Judgments |
Fraud Listing |
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|
|
|
|
|
|
|
|
|
|
Sibonile
Dube |
9601011884083 |
Director |
Active |
02/05/2017 |
0 |
0 |
0 |
0 |
Management
No
principals found for this principal type.
Officer
No
principals found for this principal type.
Other
No
principals found for this principal type.
BANK
ACCOUNT INFORMATION
GENERAL COMMENTS
|
General
Comments |
Banking
details were not made available. |
OPERATIONAL
ACTIVITIES
|
Operational
Activities Status |
No
information could be obtained |
|
Industry |
Wholesale |
|
Major
Industry SIC Code |
4630
- Wholesale of food, beverages and tobacco |
|
NACE
Code |
46,3
- Wholesale of food, beverages and tobacco |
MAJOR OPERATION
|
Major
Business Activities |
The
subject is involved in the wholesale commodity trade of agriculture, food and
beverages. |
GENERAL COMMENTS
|
General
Comments |
No
information could be obtained. |
OPERATIONAL
FOOTPRINT
|
Operational
Footprint Status |
No
information could be obtained |
BRANCH & PREMISES
INFORMATION
|
Location |
Description/Type |
Size (m2 ) |
# of Staff |
Rented or Owned |
Lease Expiry Date |
|
Hadison |
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|
|
|
N/A |
GENERAL COMMENTS
|
General
Comments |
No
information could be obtained. |
FINANCING
TERMS
GENERAL COMMENTS
|
General
Comments |
Financing
terms were not made available. |
FINANCIAL
FIGURES
GENERAL COMMENTS
|
General
Comments |
Financial
figures were not made available. |
TRADE
REFERENCES
GENERAL COMMENTS
|
General
Comments |
No
creditor details were made available for trade reference purposes. |
COURT
NOTICES
No
judgments on file in the name of the subject
No
liquidation applications on file in the name of the subject
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.02 |
|
|
1 |
INR 92.73 |
|
Euro |
1 |
INR 81.46 |
|
ZAR |
1 |
INR 5.43 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
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|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.