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MIRA
INFORM REPORT
|
Report Date : |
05.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
PRIMA TOY AND LEISURE TRADING (PTY) LTD |
|
|
|
|
Registered Office : |
36 Gunners Circle Epping Indust 1 Cape Town Western Cape |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
10.09.1997 |
|
|
|
|
Com. Reg. No.: |
M1997/015132/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
The importing and wholesaling of toys, games and stationary. |
|
|
|
|
No. of Employees : |
180 |
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 company, which forms
part of a large group.
The subject is meeting commitments timeously.
The
subject’s bankers consider them good for all business normal engagements and an
amount of R1 500 000 over 30 days.
Company Information
|
Registered
Name |
PRIMA TOY AND LEISURE TRADING (PTY) LTD |
|
Trading
Division |
PRIMA TOYS PRIMA INTERACTIVE EMPIRE GROUP / EMPIRE TOY AND STATIONARY |
|
Registration
Number |
M1997/015132/07 |
|
Registration
Date |
1997-09-10 |
|
History of
Business |
The operations were originally founded in 1967. The subject was registered to incorporate the latter operations and
assets in 1997. |
|
Shareholders of
subject and % holding |
100% PRIMA TOY AND LEISURE
GROUP (PTY) LTD – registration certificate number: M1997/015103/07, which is in turn owned
100% by SEARDEL INVESTMENT CORPORATION LTD – registration certificate
number: M1968/011249/06. |
|
Authorised Share
Capital |
200 000 000 ordinary 1 cent shares 100 preference shares of 1 cent |
|
Issued Share
Capital |
10 000 ordinary shares 100 preference shares |
|
Age of Company |
14 years 2 months |
|
Status |
Active |
|
Operations
Assessment |
The importing and wholesaling of toys,
games and stationary. PRIMA TOYS – Importing and wholesaling of
toys. PRIMA INTERACTIVE – The importing and wholesaling
of video games, computer games etc. EMPIRE TOYS AND STATIONARY – The importing
and wholesaling of stationary and books. |
|
Industry/
Customers |
Retailers |
|
Area of
Distribution |
South Africa |
|
Export |
Neighbouring countries such as Namibia |
|
Major Industry
Code / SICC |
61901 WHOLESALE
RETAIL |
|
Definition of
Code |
General wholesale trade |
|
Head Office
Physical Address |
36 Gunners Circle EPPING INDUST 1 Cape Town Western Cape |
|
Head Office Postal
Address |
P O Box 30 EPPINDUST 7475 |
|
Current Tel
Number |
021 818 2000 |
|
Current Fax
Number |
021 818 2077 |
|
Current Email
Address |
|
|
Web Site Address |
Auditors Information
|
Company
Registered Name |
KPMG INC |
|
Registration
Number |
1999/021543/21 |
|
Physical Address |
1 Mediterranean Street FORESHORE Cape Town |
|
Postal Address |
P O Box 4609 CAPE TOWN 8000 |
|
Contact Person |
BronvinHeuvel |
|
Contact Number |
021 408 7000 |
|
Email |
|
|
Principals |
202 |
|
Judgements
Against Subject |
None on record |
|
Judgements
Against Principals |
None on record |
|
Subject Verified
as Client |
Yes |
|
SAICA Number |
04846622 |
|
Practice Number |
900117 |
|
VAT Number |
4530188665 |
|
Tax Number |
9559555843 |
|
BEE Status |
AAA |
|
Financial Year
End |
August |
|
Years With
Auditors |
In excess of 10 years |
|
Website |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
ARTHUR ANDERSON AND CO |
14 years |
Tax Information
|
Vat Number |
4140168818 – Prima Toy and Leisure Trading (Pty) Ltd 4580177154 – Empire Toys and Stationary division |
|
Status |
Active |
|
Vat Liable Date |
1997 |
|
Tax Number |
9401036034 |
|
Tax Clearance
Expire Date |
2011 – in process of reapplying |
|
Financial Year
End |
March |
Black Economic Empowerment
|
Status |
Yes |
|
Score |
Level 2 |
|
Expire Date |
August 2012 |
|
BEE Certificate
Available |
No |
ISO Status
|
Type of ISO
Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate
Available |
No |
|
Certified by
anAccredited Agent |
No |
Workman’s compensation
|
Registered |
Yes |
|
Compliance
Certified |
No |
Company Structure
|
Branches |
The subject has 3
sales and marketing offices in Johannesburg |
|
Branches Names |
Address |
Contact Number |
|
PRIMA TOYS |
15 Hulbert
Street NEW CENTRE Johannesburg Gauteng |
011 493
8300 |
|
PRIMA INTERACTIVE |
Block D Wedgewood Office
Park 3 Muswell Road
South BRYANSTON Gauteng |
011 799
7800 |
|
EMPIRE GROUP / EMPIRE TOYS AND STATIONARY |
14 Barney Road BENROSE Gauteng |
011 614
2243 |
|
Subsidiary
Company |
None |
|
Shareholding |
|
|
Registration
Number |
|
|
Import / Export |
|
|
Number of
Employees |
180 |
|
1.
Salaried
employees |
√ |
|
2.
Waged
employees |
√ |
|
3.
Casual
employees |
The subject use
casual workers during peak season. |
Company Fleet |
No of vehicles: |
|
Fleet Operations |
|
|
The Fleet is
made up of |
|
|
1.
Cars |
25 |
|
2.
Trucks |
1 |
All vehicles are owned by the subject of whom 4 vehicles still have
lease agreements with Nedbank. The
combined book value is in the region of R1 500 000.
Head
OfficeOwned/ Rented |
The head office premises are leased from EPPROP INV. TRUST. |
|
Lease Agreement |
10 year lease agreement |
|
Lease Expire
Date |
2014 |
|
Type of Premises |
The premises comprise of administration offices and warehousing
facilities. |
Branches Owned/
Rented |
All the Johannesburg branch premises are leased from various 3rd
parties. |
Trade References
The subject imports from China, India and occasionally Europe and USA.
|
Supplier |
Contact |
|
1.
BOYD BOSS |
021 424
6969 |
|
2.
RTT |
011 552
1000 |
|
3.
TOLL GLOBAL |
011 565
2600 |
|
4.
HIRT & CARTER |
031 203
3333 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1)
2 yrs |
R6 500 000 |
R3 000 000 |
60 |
R2 000 000 |
60 |
Excellent |
|
2)
May’10 |
R2 000 000 |
R1 000 000 |
30 |
R1 000 000 |
30 |
Excellent |
|
3)
2 yrs |
R10 000 000 |
R10 000 000 |
30 |
R7 000 000 |
34 |
Good |
|
4)
2006 |
R950 000 |
R650 000 |
30 |
R100 000 |
30 |
Very good |
Adverse Information on Subject
|
Judgements |
No information on record |
|
Possible
Judgements |
No information on record |
|
Civil Court |
No information on record |
|
RDs |
No information on record |
Default Data
|
Date |
Details |
|
No information on record |
|
Notarial Bonds
|
Date |
Details |
|
No information on record |
|
Deeds Information
|
Property Interest |
|||
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
Property Type: |
No information on record |
Stand Number: |
|
|
Street Number: |
|
Street Name: |
|
|
Municipal Suburb: |
|
Municipal City: |
|
|
Township Name: |
|
Province: |
|
|
Deeds Office: |
|
Transfer ID: |
|
|
Title Deed Number: |
|
Purchase Date: |
|
|
Transfer Date: |
|
Erf Size: |
|
|
Sold Price: |
|
|
|
Bank Information
|
Bank |
NEDBANK The subject is no longer banking with FIRST NATIONAL BANK. |
|
Branch |
Cape Town Corporate Banking |
|
Bank Account
Number |
1452066418 |
|
Type of Account |
Cheque |
|
Branch Code |
198765 |
|
Account Name |
PRIMA TOY AND LEISURE TRADING (PTY) LTD |
|
Overdraft
Facilities |
It was stated that the subject enjoys a group overdraft facility,
secured by a cession of debtors and holding company guarantee. The overdraft is utilized for working capital purposes. |
|
Bank Code |
C |
|
Bank Comment |
The subject’s bankers
consider them good for all business normal engagements |
Bank CodesHistory
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
No information on record |
|
|
|
|
|
|
Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
The subject previously banked with FIRST NATIONAL BANK |
|
|
|
|
|
Financial Information
The financial information is stated to fluctuates
depending on the season
|
CURRENT ASSETS |
|
|
Stock |
R50 000 000 – R90 000 000 |
|
Debtors |
R50 000 000 – R150 000 000 |
|
Cash on Hand |
|
|
FIXED ASSETS |
|
|
Plant,
Equipment, Vehicles |
R 1 500 000 – book value |
|
Property |
Nil |
|
CURRENT
LIABILITIES |
|
|
Creditors |
R500 000 – R 36 000 000 |
|
oans |
Nil |
|
LONG TERM
LIABILITIES |
|
|
Morgage Bonds |
Nil |
|
ANNUAL Turnover |
R350 000 000 |
|
Previous Year
Turnover |
R280 000 000 |
|
Estimated
Current Year Turnover |
R360 000 000 |
Principals
|
Number of
Principals |
4 |
|
Average Age of
Active Principals |
47 years |
Active Principals
Principal 1 of 4
|
Surname |
QUEEN |
|
First Names |
STUART A |
|
Marital Status |
Married |
|
ID Number |
7205085306080 |
|
Verified ID Number |
Yes |
|
Current Age |
39 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2008-12-03 |
|
Address (at time
of Appointment) |
21A Glen Crescent ORANJECHT 8001 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
No information on record |
Debt Review
|
Debt
review |
No information on record |
Other
|
Default
data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
OCEANAIR TRAVEL
(PTY) LTD |
M1992/000897/07 |
In business |
0 |
No |
|
BUSINESS SYSTEMS
GROUP (AFRICA) (PTY) LTD |
M1996/012533/07 |
In business |
0 |
No |
|
PURPLE MOSS 1174
CC |
B2004/108770/23 |
In business |
0 |
No |
|
WESTERN CROWN
PROPERTIES 6 (PTY) LTD |
M2006/016653/07 |
Deregistration
process |
0 |
No |
|
GALLAGHER
CONVENTION CENTRE (PTY) LTD |
M2007/021538/07 |
In business |
0 |
No |
|
SEARDEL NUMBER
16 (PTY) LTD |
M1959/004655/07 |
In business |
0 |
No |
|
SEARDEL NUMBER
17 (PTY) LTD |
M1964/009211/07 |
In business |
0 |
No |
|
SEARDEL GROUP
TRADING (PTY) LTD |
M1968/009480/07 |
In business |
0 |
No |
|
SEARDEL
INVESTMENT CORPORATION LTD |
M1968/011249/06 |
In business |
0 |
No |
|
PRIMA TOY AND LEISURE
GROUP (PTY) LTD |
M1997/015103/07 |
In business |
0 |
No |
|
OCONNORQUEEN
(PTY) LTD |
M2004/003366/07 |
In business |
0 |
No |
|
SEARTEC TRADING
(PTY) LTD |
M2005/017638/07 |
In business |
0 |
No |
|
SEARDEL SPORTS
(PTY) LTD |
M2008/016882/07 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
20 years 2 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
JOHNNIC PROPERTY
INVESTMENTS LTD |
M1936/008212/06 |
Voluntary
liquidation |
0 |
Yes |
|
JOHNNIC PROPERTY
DEVELOPMENTS LTD |
M1963/003783/06 |
Voluntary
liquidation |
0 |
Yes |
|
JOHNNIC HOLDINGS
MANAGEMENT SERVICES LTD |
M1969/014373/06 |
In business |
0 |
No |
|
ASTON BAY HOLIDAY
RESORTS (PTY) LTD |
M1972/013087/07 |
Voluntary
liquidation |
0 |
Yes |
|
GLENNY BUCHNER
INVESTMENTS (PTY) LTD |
M1987/003416/07 |
Voluntary
liquidation |
0 |
No |
|
FORMEX
INDUSTRIES (PTY) LTD |
M1987/005556/07 |
In business |
0 |
No |
|
ISILUMKO
STAFFING (PTY) LTD |
M1995/011602/07 |
In business |
0 |
No |
|
THREE BLIND MICE
COMMUNICATIONS (PTY) LTD |
M1997/019130/07 |
In business |
0 |
No |
|
PRIMA TOY AND
LEISURE FINANCE (PTY0 LTD |
M1998/015112/07 |
Deregistration
final |
0 |
No |
|
JOHNSON ACCESS
(PTY) LTD |
M2002/007063/07 |
In business |
0 |
No |
|
SERENDIPITY
FINANCIAL ADVISORS CC |
B2003/001824/23 |
Deregistration
final |
0 |
No |
|
SYNTELL (PTY)
LTD |
M2003/022275/07 |
In business |
0 |
No |
|
MARS HOLDINGS
(PTY) LTD |
M2003/022449/07 |
In business |
0 |
No |
|
HI-REACH MANLIFT
(PTY) LTD |
M2005/005422/07 |
In business |
0 |
No |
|
JOHNNIC CASINO
HOLDINGS LTD |
M1970/006409/06 |
In business |
0 |
No |
|
TYLON (PTY) LTD |
M1997/005879/07 |
Voluntary
liquidation |
0 |
No |
|
DURBAN
ADD-VENTURES LTD |
M1997/013469/06 |
In business |
0 |
No |
|
TSOGO SUN
KWAZULU-NATAL (PTY) LTD |
M1997/014551/07 |
In business |
0 |
No |
|
RELIGARE NOAH
CAPITAL MARKETS (PTY) LTD |
M1998/022225/07 |
In business |
0 |
No |
|
LIMTECH BIOMETRIC
SOLUTIONS (PTY) LTD |
M1999/016157/07 |
In business |
0 |
No |
|
TYLON HOLDINGS
(PTY) LTD |
M1999/017147/07 |
In business |
0 |
No |
|
SUKYAE-LAND
(PTY) LTD |
M2002/018736/07 |
In business |
0 |
No |
|
ROWAN TREE 4
(PTY) LTD |
M2003/004170/07 |
Voluntary
liquidation |
0 |
Yes |
|
METTLE FACTORS
(PTY) LTD |
M2004/015725/07 |
In business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
S527263/2004 |
Erf/Site No. |
1416.0 |
|
Deeds Office |
JOHANNESBURG |
Physical Address |
Wilgeheuwel ROODEPOORT |
|
Property Type |
Sectional Title / Unit |
Extent / Size |
136.0sqm |
|
Purchase Date |
2004-03-14 |
Purchase price |
R495 000.00 |
|
% Ownership |
|
Bond Holder |
Investec Bank Ltd |
|
Bond Number |
SB271512004 |
Bond Amount |
R495 000.00 |
Principal 2 of 4
|
Surname |
7008215017084 |
|
First Names |
NUSSBAUM |
|
Marital Status |
Married |
|
ID Number |
7008215017084 |
|
Verified ID
Number |
Yes |
|
Current Age |
41 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2001-09-10 |
|
Address (at time
of Appointment) |
73 Mejon Street GLENHAZEL Johannesburg 2192 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
STEM CELL
SERVICES SA CC |
B2002/09956/23 |
Deregistration
process |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
25 years 5 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
HENWOODS SALES
CC |
B1986/011013/23 |
Deregistration
final |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
No information on record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 3 of 4
|
Surname |
AMBROSINI |
|
First Names |
Wanda |
|
Marital Status |
Married |
|
ID Number |
5905220027184 |
|
Verified ID
Number |
Yes |
|
Current Age |
52 |
|
Designation |
Director / business woman |
|
Status |
Active |
|
Appointment Date |
2001-09-10 |
|
Address (at time
of Appointment) |
13A Graver Road BEDFORDVIEW 2007 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
No information on record |
Debt Review
|
Debt
review |
No information on record |
Other
|
Default
data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
MOKAIKAI SITE 43
CC |
B2001/029223/23 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of Previous
Business Interests |
14 years 5 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
WONDERFUL WORD
OF SALES (PTY) LTD |
M1997/009336/07 |
Deregistration
final |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
No information on record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 4 of 4
|
Surname |
MORRIS |
|
First Names |
IAN N |
|
Marital Status |
Married |
|
ID Number |
5305045006002 |
|
Verified ID
Number |
Yes |
|
Current Age |
58 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1997-10-15 |
|
Address (at time
of Appointment) |
19 Hove Road CAMPS BAY 8001 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
PRIMA TOY AND LEISURE
GROUP (PTY) LTD |
M1997/015103/07 |
In business |
0 |
No |
|
INDUSTRIES
EDUCATION AND TRAINING INSTITUTE (PTY) LTD |
M2002/018469/07 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
38 years 8 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
PRIMA TOY AND
LEISURE FINANCE (PTY) LTD |
M1998/015112/07 |
Deregistration
final |
0 |
No |
|
INDUSTRIES
LEARNERSHIP CONSULTANTS (PTY) LTD |
M2004/006939/07 |
Deregistration
final |
0 |
No |
|
STYRENE
INVESTMENTS (PTY) LTD |
M2005/028586/07 |
Deregistration
final |
0 |
No |
|
SOUTHERN AFRICA
MASTER DISTRIBUTORS (PTY) LTD |
M2003/022694/07 |
In business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
No information on record |
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.