%20LTD%20-%20161898%2003-Dec-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
03.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
KADIMAH TRADING CORPORATION (PTY) LTD |
|
|
|
|
Registered Office : |
Unit 18 The Pavilion Central Park on Esplanade Century City Cape Town |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
13.10.1992 |
|
|
|
|
Com. Reg. No.: |
M1992/005938/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Print management |
|
|
|
|
No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Assessment
This is an established family business.
A bank code C was obtained for
R1 000 000 over 30 days.
The subject is meeting commitments timeously
with suppliers.
It is suggested your figure be well spread.
It should be borne in mind that the subject
works on a contract basis.
Company Information
|
Registered
Name |
KADIMAH TRADING CORPORATION (PTY) LTD |
|
Trading
as/ Division Name |
KADIMAH EDUCATION KADIMAH PRINT |
|
Previous Name |
None |
|
Date of Name
Change |
N/A |
|
Registration
Number |
M1992/005938/07 |
|
Registration
Date |
1992-10-13 |
|
Date Commenced
Trading |
1992 |
|
History of
Business |
The subject commenced as a new business in 1992 |
|
Shareholders of
subject and % holding |
100% THE MINNIE KRONENBERGER FAMILY TRUST |
|
Issued Share
Capital |
R100 |
|
Age of Company |
19 years 1 month |
|
Status |
In Business |
|
Operations
Assessment |
Print management |
|
Industry/
Customers |
Government , aid organizations,
publishing, businesses etc: |
|
Export |
Africa |
|
Major Industry
Code / SICC |
32520 Manufacturing |
|
Definition of
Code |
Service activities related to printing |
|
Head Office
Physical Address |
Unit 18 The Pavilion Central Park on Esplanade CENTURY CITY Cape Town |
|
Head Office
Postal Address |
P O Box 120 CAPE TOWN 8000 |
|
Current Tel
Number |
021 5550091 |
|
Current Fax
Number |
021 5550993 |
|
Current Email
Address |
|
|
Web Site Address |
Auditors Information
|
Company
Registered Name |
PKF SOUTH AFRICA INC |
|
Trading Name |
PKF |
|
Registration
Number |
2000/016512/21 |
|
Physical Address |
21st and 22nd Floor 2 Long Street CAPE TOWN Western Cape |
|
Postal Address |
P O Box 7483 ROGGEBAAI 8012 |
|
Contact Person |
RYAN CAMPBELL |
|
Contact Number |
0861 000753 |
|
Principals |
9 principals |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject Verified
as Client |
Yes |
|
Vat number |
4100191016 |
|
Tax Number |
9680033140 |
|
BEE Status |
Yes, Level 4 |
|
Financial Year
End |
February |
|
Website |
www.pkf.co.za |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
FISHER HOFMAN STRIDE |
Unknown |
Tax Information
|
Vat Number |
4240135121 |
|
Status |
Active |
|
Vat Liable Date |
Monthly |
|
Tax Number |
9420098037 |
|
Tax Clearance
Expire Date |
February |
|
Financial Year
End |
February |
Black Economic Empowerment
|
Status |
Yes |
|
Score |
Level 1 |
|
Expire Date |
Unknown |
|
BEE Certificate
Available |
No |
ISO Status
|
Type of ISO
Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate
Available |
|
|
Certified by
anAccredited Agent |
|
Workman’s compensation
|
Registered |
None |
|
Compliance
Certified |
|
Company Structure
|
Branches |
None |
|
Branches Names |
Country |
Province |
|
None |
|
|
|
Subsidiary
Company |
None |
|
Shareholding |
|
|
Registration
Number |
|
|
Import / Export |
|
|
Number of
Employees |
10 |
|
1.
Salaried
employees |
10 |
|
2.
Waged
employees |
|
|
3.
Permanent
employees |
10 |
|
4.
Casual
employees |
6 (paid on
commission) |
|
5.
Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is
made up of |
4 |
|
|
|
|
1.
Cars |
4 |
Owned |
R800 000 |
None |
|
2.
Light
Delivery Vehicles |
|
|
|
|
|
3.
Trailers |
|
|
|
|
|
4.
Busses |
|
|
|
|
|
5.
Trucks |
|
|
|
|
|
6.
Fork
Lifts |
|
|
|
|
|
7.
Other |
|
|
|
|
Head OfficeOwned/
Rented |
Rented |
|
Rental Company |
ELLY KAIMOWITZ FAMILY TRUST( related to Directors) |
|
Lease Agreement |
None |
|
Lease Expire
Date |
None |
|
Type of Premises |
Offices |
Trade References
|
Supplier |
Contact |
|
1)CONCARGO |
021 3869060 |
|
2)TANDYM |
021 505
4200 |
|
3)CTP |
021 929
6300 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1)2002 |
R500 000 |
R60 000 |
30 days |
R60 000 |
30 days |
Excellent |
|
2)10 years |
None |
R200 000 |
30 days |
R140 000- R190 000 |
30 days |
Good |
|
3)12 years |
None |
R1 000 000 (Contracts) |
30 days |
R15 000- R100 000 |
30 days (Contract) |
Very Good |
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 |
|||
|
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 |
|
Bank Information
|
Bank |
NEDBANK |
|
Branch |
GLOBAL/SEA POINT |
|
Bank Account
Number |
1069282324 |
|
Type of Account |
Current |
|
Account Name |
KADIMAH TRADING CORPORATION (PTY) LTD |
|
Overdraft
Facilities |
Yes, utilization fluctuates |
|
Bank Code |
C for R1 000 000 |
|
Bank Comment |
The subject’s bankers considered as equal to its normal business
engagements. |
Bank CodesHistory
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
None |
|
|
|
|
|
|
Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Financial Information
Financial Estimates
|
CURRENT ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
Cash on Hand |
|
|
FIXED ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM
LIABILITIES |
|
|
Morgage Bonds |
|
|
ANNUAL Turnover |
R21 500 000 |
|
Previous Year
Turnover |
R38 000 000 |
|
Estimated
Current Year Turnover |
R10 000 000 – R20 000 000( Fluctuates depending on
contracts. |
Principals
|
Number of
Principals |
3 |
|
Average Age of
Active Principals |
66 years |
Active Principals
Principal 1 of 3
|
Surname |
KAIMOWITZ |
|
First Names |
RAEL |
|
Marital Status |
Married |
|
ID Number |
7712195028082 |
|
Verified ID
Number |
Yes |
|
Current Age |
34 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
Not on Record |
|
Address (at time
of Appointment) |
8A Avenue Le Seur FRESNAYE 8005 |
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 |
|
BELMOR PRINT
(PTY) LTD |
M2010/018415/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
5 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
INCUBETA
INTELLIGENT MARKETING (PTY) LTD |
2003/015513/07 |
Deregistration
Final |
0 |
No |
|
PREMIER ENERGY
(PTY) LTD |
2008/004094/07 |
Deregistration
Final |
0 |
No |
|
INCUBETA HOLDINGS
(PTY) LTD |
M2004/016127/07 |
In Business |
0 |
No |
|
THE COMMUNITY
SECURITY ORGANISATION |
M2006/017039/08 |
In Business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
ST4135/2009 |
Erf/Site No. |
6759.0 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
CENTURY CITY MILNERTON |
|
Property Type |
Sectional Title/ Unit |
Extent / Size |
43.0SQM |
|
Purchase Date |
2007-06-05 |
Purchase price |
R700 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
SB17822009 |
Bond Amount |
R630 000.00 |
Principal 2 of 3
|
Surname |
KAIMOWITZ |
|
First Names |
WARREN |
|
Marital Status |
Married |
|
ID Number |
7308175084086 |
|
Verified ID
Number |
Yes |
|
Current Age |
38 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Not on Record |
|
Address (at time
of Appointment) |
3 Avenue De Lhermite FRESNAYE 8005 |
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 |
|
BELMOR PRINT
(PTY) LTD |
M2010/018415/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
8 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
INCUBETA
INTELLIGENT MARKETING (PTY) LTD |
2003/015513/07 |
Deregistration
Final |
0 |
No |
|
ON A ROLL
PROMOTIONS CC |
2001/044806/23 |
Deregistration
Final |
0 |
No |
|
INCUBETA
HOLDINGS (PTY) LTD |
M2004/016127/07 |
In Business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
ST5040/2009 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
8 CHATEAU FRESNAYE CAPE TOWN |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
656.0SQM |
|
Purchase Date |
2008-10-15 |
Purchase price |
R7 150 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
INVESTEC BANK LTD |
|
Bond Number |
SB37782009 |
Bond Amount |
R1 200 000.00 |
Principal 3 of 3
|
Surname |
KAIMOWITZ |
|
First Names |
Daryl |
|
Marital Status |
Married |
|
ID Number |
4506155073085 |
|
Verified ID
Number |
Yes |
|
Current Age |
66 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Not on Record |
|
Address (at time
of Appointment) |
8R The Breakers, 100 Bay Road MOUILLE POINT 8005 |
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 |
|
GILOUIN PROPERTY
INVESTMENTS (PTY) LTD |
M1997/009283/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
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.51.35 |
|
|
1 |
Rs.80.50 |
|
Euro |
1 |
Rs.69.14 |
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.