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MIRA INFORM REPORT
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Report Date : |
06.12.2011 |
IDENTIFICATION DETAILS
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Name : |
DIREKSHINZ (PTY) LTD |
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Registered Office : |
12 Monte Carlo Crescent, Kyalami Business Park, Midrand |
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Country : |
South Africa |
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Date of Incorporation : |
18.07.1995 |
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Com. Reg. No.: |
M1995/007221/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Import and sale of
houseware products. |
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No. of Employees
: |
60 Persons |
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 : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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South Africa |
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 |
Company summary
Company Information
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Registered Name |
DIREKSHINZ (PTY) LTD |
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Trading as/ Division Name |
None |
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Previous Name |
None |
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Date of Name Change |
N/A |
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Registration Number |
M1995/007221/07 |
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Registration Date |
1995-07-18 |
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Date Commenced Trading |
1995 |
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Age of Business |
16 years 5 months |
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Shareholders and % holding |
100% THE CAIRO TRUST- Family trust involving MR S ELLIS |
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Issued Share Capital |
R100 |
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Status |
In Business |
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Operations Assessment |
Import and sale of houseware products. |
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Industry/ Customers |
Retail chain stores |
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Export |
No |
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Major Industry Code / SICC |
61391 Wholesale Retail |
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Definition of Code |
Wholesale Trade in household furniture
requisites and appliances. |
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Head Office Physical Address |
12 Monte Carlo Crescent KYALAMI BUSINESS PARK Midrand |
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Head Office Postal Address |
P O Box 46183 ORANGE GROVE 2119 |
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Current Tel Number |
011 4661300 |
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Current Fax Number |
011 4661006 |
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Current Email Address |
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Web Site Address |
Auditors
Information
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Company Registered Name |
CHARLES ORBACH AND COMPANY |
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Trading Name |
None |
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Registration Number |
None, partnership |
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Physical Address |
Unit 17, 3rd Floor 3 Melrose Boulevard MELROSE ARCH 2076 |
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Postal Address |
PO Box 355 MELROSE ARCH 2076 |
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Contact Person |
LENNARD FRUME |
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Contact Number |
011 9944000 |
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Email |
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Principals |
3 partners |
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Subject Verified as Client |
Yes |
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SAICA number |
00286247 |
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IRBA Number |
914134 |
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BEE Status |
None |
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Years With Auditors |
15 |
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Website |
Previous Auditors
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Company Name |
Phone Number |
Time with previous auditors |
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SNEIDER AND
COMPANY |
Unknown |
Few years |
Tax Information
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Vat Number |
4650153010 |
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Status |
Active |
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Vat Liable Date |
Monthly |
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Tax Number |
9599917847 |
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Tax Clearance Expire Date |
December and June |
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Financial Year End |
December |
Black Economic Empowerment
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Status |
Yes |
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Score |
Level7 |
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Expire Date |
Beginning 2012 |
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BEE Certificate Available |
No |
ISO Status
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Type of ISO Grade |
None |
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ISO Certificate |
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ISO Certificate Available |
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Certified by an Accredited Agent |
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Workman’s compensation
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Registered |
Yes |
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Compliance Certified |
Yes |
Company Structure
Subsidiaries
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Subsidiary Company |
None |
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Shareholding |
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Registration Number |
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Import / Export |
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Number of
Employees |
50-60 |
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1. Salaried
employees |
50-60 |
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2. Waged
employees |
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3. Permanent
employees |
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4. Casual
employees |
20 temp staff |
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5. 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 |
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1. Cars |
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2. Light
Delivery Vehicles |
2 |
Owned |
R60 000 |
None |
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3. Trailers |
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4. Busses |
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5. Trucks |
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6. Fork
Lifts |
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7. Other |
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Offices |
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Head Office Owned/ Rented |
Rented |
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Rental Company |
KYALAMI DEVELOPMENTS |
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Lease Agreement |
On-going arrangement |
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Lease Expire Date |
None |
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Type of Premises |
Office and warehouse |
Branches Names |
Country |
Province |
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DIREKSHINZ
DURBAN |
SOUTH AFRICA |
KWAZULU NATAL |
Branches Owned/ Rented |
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Rental Company |
Rented |
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Lease Agreement |
3 years |
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Lease Expire Date |
2014 |
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Type of Premises |
Warehouse |
Management
Overview
Organisation chart
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Level |
Position |
Name |
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1 |
Managing Director |
S ELLIS |
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Company Structure (Ownership)
Note: One level up and
all levels down
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Holding |
Company |
Sub |
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THE CAIRO TRUST |
DIREKSHINZ (PTY)LTD |
None |
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Trade References
Key
deals signed within the past 12 months.
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Company |
Value |
Contact |
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None |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
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1 |
PCR TECHNOLOGIES
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082 9267028 Rian |
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2 |
SAFCOR PANELPINA |
D-N-G |
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3 |
UTI |
D-N-G |
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Trade References
Detail
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
9 years |
R50 000 |
R40 000 |
30 days |
R30 000- R40 000 |
30 days |
Very Good |
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2 |
Do |
Not |
Give |
Trade |
References |
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3 |
Do |
Not |
Give |
Trade |
References |
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Adverse Information on Subject
Judgements
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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 |
Business Rescue
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Date registered |
Business rescue practitioner |
Contact Information |
Details |
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None |
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Default Listings
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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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Bank Information
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Bank |
FIRST NATIONAL BANK |
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Branch |
Wiereda Valley |
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Bank Account Number |
54488011204 |
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Type of Account |
Cheque |
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Account Name |
DIREKSHINZ (PTY) LTD |
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Overdraft Facilities |
No |
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Bank Code |
C for R1 000 000 |
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Bank Comment |
The subject is considered as equal to its normal business engagements. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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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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Deeds Information
Property Interests
for Company
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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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Financial Information
Financial
Estimates
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CURRENT ASSETS |
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Stock |
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Debtors |
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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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Previous Year Turnover |
R142 000 000 |
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Estimated Current Year Turnover |
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Current Turnover per month |
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Current Turnover per annum |
R120 000 000- R130 000 000 |
Please note the
following:
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Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
|
Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
|
Number of Principals |
1 |
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Average Age of Active Principals |
43 |
Active Principals
Principal 1 of 1:
SHAUN ELLIS
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Surname |
ELLIS |
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First Name |
SHAUN |
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Other Names |
None |
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Marital Status |
Married |
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ID Number |
6804035163087 |
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Verified ID Number |
Yes |
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Current Age |
43 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
1996-04-15 |
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Physical Address (at time of Appointment) |
3 6th Avenue PARKTOWN NORTH Johannesburg |
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Postal Address |
P O Box 46183 ORANGE GROVE 2119 |
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Current Tel Number |
011 8800620 |
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Cell number |
083 6010523 |
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Current Fax Number |
011 4661006 |
Adverse Information for
SHAUN ELLIS
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default
data |
None |
Business Information for
SHAUN ELLIS
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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CADENCE CAPITAL
(PTY) LTD |
20085/043745/07 |
In Business |
6 years |
0 |
No |
Previous Business Interests
|
Average Age of Previous
Business Interests |
11 years |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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DIREKSHINZ
INVESTMENT HOLDINGS (PTY) LTD |
1999/024838/07 |
Deregistration
Final |
12 years 1 month |
0 |
No |
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DIREKSHINZ
TRADING (PTY) LTD |
2001/004304/07 |
Deregistration
Final |
10 years 10
months |
0 |
No |
Deeds Information
Property
Interests for SHAUN ELLIS
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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.51.40 |
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UK Pound |
1 |
Rs.80.20 |
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Euro |
1 |
Rs.68.92 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.