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MIRA
INFORM REPORT
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Report Date : |
27.08.2011 |
IDENTIFICATION DETAILS
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Name : |
COMPO AGENCIES (PTY) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22.03.1973 |
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Com. Reg. No.: |
1973/003642/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Indent Agents, Import and Export Brokers. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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|
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 is an agent, therefore
not a general credit seeker.
Most suppliers do not give trade references as company
policy.
Local commitments are small and paid timeously.
Your figure is considered as too high.
A bank code revealed a C for R200 000 over 30 days.
It should be borne in mind that the subject is a broker and
works on a commission basis.
Company Information
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Registered
Name |
COMPO AGENCIES (PTY) LTD |
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Trading
as/ Division Name |
None |
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Previous
Name |
May have changed names over the years, unknown |
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Date
of Name Change |
Unknown |
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Registration
Number |
1973/003642/07 |
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Registration
Date |
1973-03-22 |
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Date
Commenced Trading |
1973 |
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History
of Business |
The subject commenced as a new business in 1973. |
|
History
of Principals |
MR GREENSLADE( senior) started the company and passed away
in 2009. |
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Shareholders
of subject and % holding |
100% D GREENSLADE |
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Authorised
Share Capital |
Nominal |
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Issued
Share Capital |
Nominal |
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Age
of Company |
38 years 5 months |
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Status |
In Business |
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Operations
Assessment |
Indent agents, import and export brokers. |
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Industry/
Customers |
Packaging industry |
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Export |
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Major
Industry Code / SICC |
74110 Transport Communication |
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Definition
of Code |
Cargo Handling |
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Head
Office Physical Address |
BENONI 1501 |
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Head
Office Postal Address |
BENONI WEST 1503 |
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Current
Tel Number |
011 4216321 |
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Current
Fax Number |
0114223648 |
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Current
Email Address |
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Web
Site Address |
None |
Auditors Information
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Company
Registered Name |
ROGAN KIHN AND CO |
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Trading
Name |
None |
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Registration
Number |
Partnership, old |
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Physical
Address |
Randburg |
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Postal
Address |
RANDBURG 2125 |
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Contact
Person |
BRIAN BERRY |
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Contact
Number |
011 7893216 |
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Email
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Principals |
4 partners |
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Subject
Verified as Client |
Yes |
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SAICA
number |
905437 |
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BEE
Status |
None |
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Financial
Year End |
February |
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Years
With Auditors |
30 years |
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Website |
None |
Previous Auditors
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Company
Name/ Tel |
Time
With Previous Auditors |
|
None |
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Tax Information
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Vat
Number |
4410119830 |
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Status |
Active |
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Vat
Liable Date |
Sept 2011 bi-monthly |
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Tax
Number |
9135070846 |
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Tax Clearance
Expire Date |
June |
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Financial
Year End |
June |
Black Economic Empowerment
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Status |
Yes |
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Score |
Level 4 |
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Expire Date |
18-10-2011 |
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BEE Certificate Available |
Yes, see attachment |
ISO Status
|
Type
of ISO Grade |
No |
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ISO
Certificate |
No |
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ISO
Certificate Available |
No |
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Certified
by an Accredited Agent |
No |
Workman’s compensation
|
Registered |
Yes |
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Compliance
Certified |
No |
Company Structure
|
Branches |
None |
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Branches
Names |
Country |
Province |
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N/A |
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Subsidiary
Company |
None |
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Number
of Employees |
3 |
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Salaried
employees |
3 |
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Waged
employees |
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Permanent
employees |
3 |
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Casual
employees |
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Contracted
employees |
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Company
Fleet |
No
of vehicles: |
Owned/
Leased |
Value |
Outstanding
Balance |
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Fleet
Operations |
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The
Fleet is made up of |
None |
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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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Head
Office Owned/ Rented |
Owned |
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Owned
by |
MR D GREENSLADE |
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Value |
R700 000 |
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Bond |
None |
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Type
of Premises |
Home and office |
Trade References
|
Supplier |
Contact |
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011 4720454 |
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ARROW
STATIONERS |
011 4216432 |
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TNT |
011 4373774 |
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TECHNISYS |
011 8491060 |
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UNIVERSAL
OFFICE |
086 1100617 |
Trade References
|
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
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Do |
Not |
Give |
Trade |
References |
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Old |
None |
R4 500 |
30 days |
R500- R4 500 |
30 days |
Very Good |
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Do |
Not |
Give |
Trade |
References |
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Do |
Not |
Give |
Trade |
References |
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Adverse Information on Subject
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Judgements |
None |
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Possible
Judgements |
None |
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Civil
Court |
None |
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RDs |
None |
Default Data
|
Date |
Details |
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None |
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Notarial Bonds
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Date |
Details |
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None |
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Deeds Information
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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 |
STANDARD BANK |
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Branch |
BENONI |
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Bank
Account Number |
020993196 |
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Type
of Account |
Current |
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Branch
Code |
013042 |
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Account
Name |
COMPO AGENCIES (PTY) LTD |
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Date
Opened |
04-05-1979 |
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Bank
Code |
C |
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Bank
Comment |
The subjects bankers consider them as equal to their
normal business engagements. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
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None |
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Previous Bank Accounts
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Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Financial Information
Financial
Estimates
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CURRENT
ASSETS |
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Stock
|
R275 000 |
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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? |
None |
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LONG
TERM LIABILITIES |
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Morgage
Bonds |
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ANNUAL
Turnover |
R2 200 000 |
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Previous
Year Turnover |
R2 200 000 |
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Estimated
Current Year Turnover |
R2 000 000 |
Principals
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
48 |
Active Principals
Principal
1 of 1
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Surname |
GREENSLADE |
|
First
Names |
DAVID |
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ID
Number |
6302185039009 |
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Verified
ID Number |
Yes |
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Current
Age |
48 |
|
Designation |
Businessman |
|
Status |
Active |
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Appointment
Date |
2000-09-29 |
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Address
(at time of Appointment) |
FARRAMERE 1501 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information on Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Judgements |
Liquidation |
|
MIKAMED (PTY) LTD |
2000/024696/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of Previous Business
Interests |
31 years |
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Company
Name |
Registration
No |
Status |
Judgements |
Liquidation |
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THOR FOUNDRY (PTY) LTD |
1960/002344/07 |
In Business |
0 |
No |
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SIGMA STEEL ABRASIVES CC |
2000/022534/23 |
Deregistration Final |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property
Interest |
|||
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Title
Deed No. |
None |
Erf/Site
No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.05 |
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|
1 |
Rs.75.19 |
|
Euro |
1 |
Rs.66.47 |
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 |
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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 |
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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.