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MIRA
INFORM REPORT
|
Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
ESQUIRE SYSTEM TECHNOLOGY (PTY) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
24.05.2000 |
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Com. Reg. No.: |
2000/009706/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Import and distribution of computer hardware |
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 |
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Payment Behaviour : |
Unknown |
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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 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Assessment
This is an established company that does not seek credit locally.
There is no record of a payment pattern as the local supplier does not give trade references.
The subject has branches throughout SA and produces a large monthly turnover.
We are still awaiting a bank code.
It would be suggested that all dealings be fully secured.
Company Information
|
Registered Name |
ESQUIRE SYSTEM TECHNOLOGY
(PTY) LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
N/A |
|
Registration Number |
2000/009706/07 |
|
Registration Date |
2000-05-24 |
|
Date Commenced Trading |
2000 |
|
History of Business |
The subject was started as a
new business. |
|
Shareholders of subject
and % holding |
50% A MAHIMED 50% M J CASSIM |
|
Share Capital |
R100 |
|
Age of Company |
11 years 3 months |
|
Status |
In Business |
|
Operations Assessment |
Import and distribution of
computer hardware. |
|
Industry/ Customers |
Retailers and Wholesalers |
|
Export |
Yes, to the neighbouring
countries |
|
Major Industry Code / SICC |
61501 Wholesale Retail |
|
Definition of Code |
Wholesale trade in office
machinery and equipment including computers. |
|
Head Office Physical Address |
SAMRAND Centurion The address of Unit 61 Industrial
Park, |
|
Head Office Postal Address |
LAUDIUM 0037 |
|
Current Tel Number |
012 6570777 |
|
Current Fax Number |
012 6570888 |
|
Current Email Address |
asgar@esquire.co.za |
|
Web Site Address |
www.esquire.co.za |
Auditors Information
|
Company Registered Name |
H GORDON AND PARTNERS INC |
|
Trading Name |
None |
|
Registration Number |
2000/020632/21 |
|
Physical Address |
94 Regency Drive Route 21 Corporate Park IRENE |
|
Postal Address |
0001 |
|
Contact Person |
MOOSA OSMAN |
|
Contact Number |
012 325 9513/ 082 4454761 |
|
Email |
moosa.gani@hgordon.co.za |
|
Principals |
M OSMAN H GORDON F KOCH |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
VAT Number |
4460190673 |
|
Tax Number |
9913018140 |
|
Financial Year End |
February |
|
Years With Auditors |
Many |
|
Website |
None |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
A B D AND T |
Unknown |
Tax Information
|
Vat Number |
4920189810 |
|
Status |
Active |
|
Vat Liable Date |
Monthly |
|
Tax Number |
9779018143 |
|
Tax Clearance Expire Date |
February |
|
Financial Year End |
February |
Black Economic Empowerment
|
Status |
Yes |
|
Score |
Level 4 |
|
Expire Date |
March 2012 |
|
BEE Certificate Available |
No |
ISO Status
|
Type of ISO Grade |
No |
|
ISO Certificate |
Yes/No |
|
ISO Certificate Available |
Yes/No |
|
Certified by an Accredited Agent |
Yes/No |
Workman’s compensation
|
Registered |
Yes/No |
|
Compliance Certified |
Yes/No |
Company Structure
|
Branches |
4 |
|
Branches Names |
Country |
Province |
|
|
|
Kwazulu Natal |
|
|
|
|
|
|
|
|
|
NELSPRUIT |
|
Mpumulanga |
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Subsidiary Company |
None |
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Shareholding |
|
|
Registration Number |
|
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Import / Export |
|
|
Number of Employees |
160 |
|
Salaried employees |
160 |
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Waged employees |
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Permanent employees |
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Casual employees |
|
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Contracted employees |
|
Company Fleet |
No of vehicles: |
|
Fleet Operations |
|
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The Fleet is made up of |
Many vehicles not specified, MR MAHOMED was reluctant to
assist with details |
|
Cars |
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Light Delivery Vehicles |
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Trailers |
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Busses |
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Trucks |
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Fork Lifts |
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Other |
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Head Office Owned/ Rented |
Rented |
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Rental Company |
ASMO PROPERTIES CC |
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Owned by |
A MAHOMED M J CASSIM |
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Value |
R40 000 000 |
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Bond |
|
|
Bank |
|
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Lease Agreement |
Ongoing, renew every year |
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Lease Expire Date |
None |
|
Type of Premises |
Office, storage |
Branches Owned/ Rented |
All owned by associate company ASMO PROPERTIES CC |
Trade References
The business imports all hardware from the
locally with a clearing agent named below.
|
Supplier |
Contact |
|
DHL |
Do not give trade references |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
Do |
Not |
Give |
Trade |
References |
|
|
Adverse Information on Subject
|
Judgements |
None |
|
Possible Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Default Data
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Deeds Information
|
Property Interest |
|||
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Property Type: |
None |
Stand Number: |
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Street Number: |
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Street Name: |
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Municipal Suburb: |
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Township Name: |
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Province: |
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Deeds Office: |
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Transfer ID: |
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Title Deed Number: |
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Purchase Date: |
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Transfer Date: |
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Erf Size: |
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Sold Price: |
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Bank Information
|
Bank |
ABSA CORPORATE |
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Branch |
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Bank Account Number |
4054535518 |
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Type of Account |
|
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Branch Code |
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|
Account Name |
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Overdraft Facilities |
Yes, utilized on occasion, secured by a cession of debtors |
|
Date Opened |
|
|
Bank Code |
Awaiting a bank code |
|
Bank Comment |
|
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
None |
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Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
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Financial Information
Financial
Estimates
MR A MAHOMED was reluctant to assist with specific details
however gave a turnover, Please see below.
|
CURRENT ASSETS |
|
|
Stock |
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Debtors |
|
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Cash on Hand |
|
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FIXED ASSETS |
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|
Plant, Equipment, Vehicles |
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|
Property |
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CURRENT LIABILITIES |
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Creditors |
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Loans/ From? |
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LONG TERM LIABILITIES |
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Morgage Bonds |
|
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MONTHLY Turnover |
R18 000 000 for whole business including
branches. |
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Previous Year Turnover |
|
|
Estimated Current Year Turnover |
|
Principals
|
Number of Principals |
2 |
|
Average Age of Active Principals |
43 |
Active Principals
Principal 1 of 2
|
Surname |
MAHOMED |
|
First Names |
ASGAR |
|
Marital Status |
Married |
|
ID Number |
6904105247081 |
|
Verified ID Number |
Yes |
|
Current Age |
42 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Not on Record |
|
Address (at time of Appointment) |
ERASMIA |
Adverse Information on Principal
Judgement
|
Number of Judgements |
None on record |
Debt Review
|
Debt review |
None on record |
Other
|
Default data |
None on record |
Business Information on Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Judgements |
Liquidation |
|
MICRO MATRIX CC |
1991/012571/23 |
Conversion |
0 |
No |
|
WAHEEDA INVESTMENTS CC |
1992/006940/23 |
Deregistration Process |
0 |
No |
|
TEXTILIS CC |
1994/033973/23 |
Deregistration Process |
0 |
No |
|
|
1996/043650/23 |
Deregistration Process |
0 |
No |
|
BIDNET (PTY) LTD |
2000/002647/07 |
Deregistration Process |
0 |
No |
|
ASMO PROPERTIES CC |
2002/039218/23 |
In Business |
0 |
No |
|
SHOWTIME INVESTMENTS CC |
2002/051237/23 |
Deregistration Final |
0 |
No |
|
TRIAL PROPERTIES CC |
2002/051245/23 |
Deregistration Final |
0 |
No |
|
ALL FAMILY INVESTMENTS CC |
2002/066716/23 |
Deregistration Final |
0 |
No |
|
FIZZ KIDZ CC |
2002/066885/23 |
Deregistration Final |
0 |
No |
|
ESQUIRE COMMUNICATIONS CC |
2002/074502/23 |
Deregistration Process |
0 |
No |
|
FIZZ KIDZ PROPERTIES CC |
2002/074976/23 |
Deregistration Process |
0 |
No |
|
MACARONI CLOTHING CC |
2002/104998/23 |
Deregistration Process |
0 |
No |
|
AL- NAJDAH FOUNDATION |
2003/021581/08 |
In Business |
0 |
No |
|
ESQUIRE MARKETING SOLUTIONS CC |
2003/078831/23 |
Deregistration Process |
0 |
No |
|
ESQUIRE SOFWEAR SOLUTIONS CC |
2003/078838/23 |
Deregistration Process |
0 |
No |
|
ESQUIRE SYSTEM TECHNOLOGIES |
2003/092180/23 |
Deregistration Process |
0 |
No |
|
ESQUIRE SYSTEM TECHNOLOGIES – |
2003/092188/23 |
Deregistration Process |
0 |
No |
|
ESQUIRE SYSTEM TECHNOLOGIES
–MPHUMULANGA CC |
2003/095056/23 |
Deregistration Process |
0 |
No |
|
ESQUIRE SYSTEM TECHNOLOGIES –KZN CC |
2003/095947/23 |
Deregistration Process |
0 |
No |
|
NOBEL DIGITAL MEDIA (PTY) LTD |
2005/042679/07 |
Deregistration Process |
0 |
No |
|
CASEY LIGHTING WAREHOUSE CC |
2005/087379/23 |
Deregistration Final |
0 |
No |
|
FAZZYKIDZ CC |
2007/121331/23 |
Deregistration Final |
0 |
No |
Previous Business Interests
|
Average Age of Previous Business
Interests |
11 years |
|
Company
Name |
Registration
No |
Status |
Judgements |
Liquidation |
|
CASEY BUSINESS SOLUTIONS (PTY) LTD |
1968/006641/07 |
In Business |
0 |
No |
|
INTERSECOND PROPERTIES CC |
1996/056960/23 |
In Business |
0 |
No |
|
MICRO MATRIX (PTY) LTD |
1997/008256/07 |
In Business |
0 |
No |
|
CASEY ONSITE (PTY) LTD |
1997/014973/07 |
In Business |
0 |
No |
|
ATLANTC EXCHANGE COMPUTER TRADING
(PTY) LTD |
1997/015058/07 |
In Business |
0 |
No |
|
CASEYNET CC |
1997/028637/23 |
Conversion |
0 |
No |
|
CASEY ELECTRONICS ( |
1998/002170/07 |
In Business |
0 |
No |
|
CASEY BUSINESS SOLUTIONS KZN (PTY)
LTD |
1998/002521/07 |
In Business |
0 |
No |
|
VOX TELECOM LTD |
1998/016433/06 |
In Business |
0 |
No |
|
CASEY CONSULTING (PTY) LTD |
1998/016864/07 |
In Business |
0 |
No |
|
DATAPRO FAXING SOLUTIONS (PTY) LTD |
1999/019464/07 |
In Business |
0 |
No |
|
MICROBYTE COMPUTERS CC |
2000/041565/23 |
Deregistration Final |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 2 of 2
|
Surname |
CASSIM |
|
First Name |
MAHOMED |
|
Second Name |
JOOSUB |
|
Marital Status |
Married |
|
ID Number |
6708255604086 |
|
Verified ID Number |
Yes |
|
Current Age |
44 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Not on Record |
|
Address (at time of Appointment) |
ERASMIA |
Adverse Information on Principal
Judgement
|
Number of Judgements |
None on record |
Debt
Review
|
Debt review |
None on record |
Other
|
Default data |
None on record |
Business Information on Principal
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Judgements |
Liquidation |
|
MICRO MATRIX COMPUTERS ( |
1991/031897/23 |
Dissolved |
0 |
No |
|
WAHEEDA INVESTMENTS CC |
1992/006940/23 |
Deregistration Process |
0 |
No |
|
TEXTILIS CC |
1994/033973/23 |
Deregistration Process |
0 |
No |
|
|
1996/043650/23 |
Deregistration Process |
0 |
No |
|
MICRO-MATIC COMPUTER AND BUSINESS COLLEGE (PTY) LTD |
1989/006441/07 |
Deregistration Process |
0 |
No |
|
ASMO PROPERTIES CC |
2002/039218/23 |
In Business |
0 |
No |
|
SHOWTIME INVESTMENTS CC |
2002/051237/23 |
Deregistration Final |
0 |
No |
|
TRIAL PROPERTIES CC |
2002/051245/23 |
Deregistration Final |
0 |
No |
|
ALL FAMILY INVESTMENTS CC |
2002/066716/23 |
Deregistration Final |
0 |
No |
|
M AND A ELECTRONICS CC |
1995/003609/23 |
Deregistration Process |
0 |
No |
|
ESQUIRE COMMUNICATIONS CC |
2002/074502/23 |
Deregistration Process |
0 |
No |
|
FIZZ KIDZ PROPERTIES CC |
2002/074976/23 |
Deregistration Process |
0 |
No |
|
MACARONI CLOTHING CC |
2002/104998/23 |
Deregistration Process |
0 |
No |
|
NORTH WEST MICRO MATRIX CC |
1996/029369/23 |
In Business |
|
|
|
ESQUIRE MARKETING SOLUTIONS CC |
2003/078831/23 |
Deregistration Process |
0 |
No |
|
ESQUIRE SOFWEAR SOLUTIONS CC |
2003/078838/23 |
Deregistration Process |
0 |
No |
|
MICROBYTE COMPUTERS CC |
2000/041565/23 |
Deregistration Final |
0 |
No |
|
PC MART (PTY) LTD |
2005/033326/07 |
Deregistration Process |
0 |
No |
|
NOBEL DIGITAL MEDIA (PTY) LTD |
2005/042679/07 |
Deregistration Process |
0 |
No |
|
CASEY LIGHTING WAREHOUSE CC |
2005/087379/23 |
Deregistration Final |
0 |
No |
Previous Business Interests
|
Average Age of Previous Business Interests |
10 years |
|
Company Name |
Registration
No |
Status |
Judgements |
Liquidation |
|
INTERSECOND PROPERTIES CC |
1996/056960/23 |
In Business |
0 |
No |
|
MICRO MATRIX (PTY) LTD |
1997/008256/07 |
In Business |
0 |
No |
|
CASEY ONSITE (PTY) LTD |
1997/014973/07 |
In Business |
0 |
No |
|
ATLANTC EXCHANGE COMPUTER TRADING (PTY) LTD |
1997/015058/07 |
In Business |
0 |
No |
|
CASEYNET CC |
1997/028637/23 |
Conversion |
0 |
No |
|
CASEY ELECTRONICS ( |
1998/002170/07 |
In Business |
0 |
No |
|
CASEY BUSINESS SOLUTIONS KZN (PTY) LTD |
1998/002521/07 |
In Business |
0 |
No |
|
VOX TELECOM LTD |
1998/016433/06 |
In Business |
0 |
No |
|
CASEY CONSULTING (PTY) LTD |
1998/016864/07 |
In Business |
0 |
No |
|
DATAPRO FAXING SOLUTIONS (PTY) LTD |
1999/019464/07 |
In Business |
0 |
No |
|
BONDNET (PTY) LTD |
1998/025840/07 |
Deregistration Process |
0 |
No |
Deeds Information
Property
Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.27 |
|
|
1 |
Rs.73.34 |
|
Euro |
1 |
Rs.64.58 |
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.