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MIRA INFORM
REPORT
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Report Date : |
07.06.2011 |
IDENTIFICATION DETAILS
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Name : |
AUTOZONE RETAIL AND DISTRIBUTION (PTY) LTD |
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Registered Office : |
111 Mimetes Road, Denver Ext 10, Johannesburg, Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
17.04.2009 |
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Com. Reg. No.: |
2009/007926/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesale and retail of
automotive parts and accessories |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
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 : |
Recently commenced due to takeover |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
Bottom of Form
Assessments
The subject, reg no 1967/011353/07, is a dormant company that ceased trading in June 2010 when its operations and assets were taken over and incorporated into a company called Autozone Retail and Distribution (Pty) Ltd
This is a new company formed from operations of other businesses.
The subject is well connected.
Payments to suppliers are being made timeously.
According to current payments to suppliers, the company would be regarded as equal to a USD 1 000 000 over 30 days as a maximum, with security.
We are awaiting a bank code.
Company Information
|
Registered
Name |
Autozone Retail
and Distribution (Pty) Ltd |
|
Trading
as/ Division Name |
Autozone |
|
Previous Name |
TP Hentique 6129 (Pty) Ltd |
|
Date of Name
Change |
Early 2010 |
|
Registration
Number |
2009/007926/07 |
|
Registration
Date |
2009-04-17 |
|
Date Commenced
Trading |
2010 |
|
History of
Business |
The subject was a dormant company which began trading in 2010 when it
took over established operations and assets of a company namely Auto Parts Distributors (Pty) Ltd. |
|
Shareholders of
subject and % holding |
100% Hentiq 6128 (Pty) Ltd Which in turn is owned by: RMB Corverst Bank Ltd Zico Capital Ltd And the management of the company through an investment company
namely: Emerald Panther (Pty) Ltd |
|
Authorised Share
Capital |
R1000 Divided into 1000 R1 shares |
|
Issued Share
Capital |
R1000 |
|
Age of Company |
Approx 1 year |
|
Status |
Active |
|
Industry |
Public and retailers and automotive
industry. |
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Major Industry
Code |
Unknown |
|
Operations
Assessment |
Wholesale and retail of automotive parts
and accessories. |
|
Head Office
Physical Address |
111 Mimetes Road Denver Ext 10 Johannesburg Gauteng |
|
Head Office
Postal Address |
P O Box 33799 Jeppe 2043 |
|
Current Tel
Number |
011 6202700 |
|
Current Fax Number |
011 6223163 |
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Current Email
Address |
derek.lappin@autozone.co.za |
Tax Information
|
Vat Number |
4450254448 |
|
Vat Liable Date |
Monthly |
|
Status |
Active |
|
Tax Number |
9474603165 |
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Tax Clearance |
Yes |
|
Tax Clearance
Expire Date |
June/ July 2012 |
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Financial Year
End |
June |
Black Economic Empowerment
|
Status |
BEE compliant |
|
Score |
Level 4 |
|
Expire Date |
March 2012 |
|
BEE Certificate
Available |
Yes if needed |
ISO Status
|
Type of ISO
Grade |
None |
|
ISO Certificate |
No |
|
ISO Certificate
Available |
No |
|
Certified by an
Accredited Agent |
No |
Workman’s compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
96 |
|
Branches Names |
|
The 96 branches
are situated in various towns and cities in South Africa |
|
Associated
Companies |
Autozone Auto Parts Distributors (Pty) Ltd
(in Namibia) |
|
Shareholding |
100% Autozone Retail and Distribution (Pty) Ltd |
|
Registration
Number |
Unknown |
|
Import / Export |
Import |
|
Number of
Employees |
2000 |
|
1.
Salaried
employees |
2000 |
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2.
Waged
employees |
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3.
Permanent
employees |
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4.
Casual
employees |
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5.
Contracted
employees |
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Company Fleet |
400 |
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Fleet Operations |
All branches
have own fleet as well as the head office. |
|
The Fleet is
made up of |
|
|
1.
Cars/
Motorbikes/ small trucks |
50 |
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2.
Light
Delivery Vehicles |
350 |
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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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Head Office
Owned/ Rented |
Leased |
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Rental Company |
Orbis |
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Lease Agreement |
5 years |
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Lease Expire
Date |
Janauary 2015 |
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Type of Premises |
Office and Warehouse |
Branches Owned/
Rented |
All leased |
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Rental Company |
Unknown |
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Lease Agreement |
3 to 5 years, varies |
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Lease Expire
Date |
Unknown |
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Type of Premises |
Offices and warehouses and retail |
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Trade References
|
Supplier |
Tel |
|
GUD Filters |
031 9103111 |
|
Engen Oil |
011 480
6147 F011 480 6037 |
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C and I
Automotive |
021 710
6810 |
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Micor Shipping |
011 9283000 |
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Age of Acc |
Credit Limit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1993 with group |
Over 10 million |
30 days |
10 million |
30 days |
Very Good |
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Old acc with
group |
Declined figures |
60 days |
Declined figures |
60 days |
Good |
|
15 years with
group |
20 million |
30 days |
10- 15 million |
30 days |
Very Good |
|
Do Not |
Give |
Trade |
References |
- Company |
Policy |
Adverse Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Default Data
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Auditors Information
|
Company Registered
Name |
KPMG Inc |
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Trading Name |
None |
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Physical Address |
85 Empire Road Parktown Johannesburg |
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Postal Address |
Pri Bag 9 Parkview 2122 |
|
Contact Person |
Nico Botha |
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Contact Number |
011 6477111 |
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Email |
nico.botha@kpmg.co.za |
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Subject Verified
as Client |
Yes |
|
BEE Status |
Yes |
|
Website |
www.kpmg.co.za |
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Financial Year
End |
June |
|
Years With
Auditors |
10 years + |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
Boshoff Drotsky |
? |
Bank Information
|
Bank |
ABSA |
|
Branch |
Eastgate |
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Bank Account
Number |
4075115058 |
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Type of account |
Current |
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Branch Code |
631205 |
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Account Name |
Autozone Retail and Distribution Pty Ltd |
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Bank Code |
Awaiting a bank code |
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Bank Comment |
|
Financial Information
Financial
Estimates
|
Stock |
R360 000 000 |
|
Debtors |
R150 000 000 |
|
Cash on Hand |
R100 000 000 |
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Plant,
Equipment, Vehicles |
R75 000 000 |
|
Property |
None |
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Creditors |
R80 000 000 |
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Loans/ From? |
ABSA R200 000 000 |
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LONG TERM
LIABILITIES |
R6 000 000 vehicles |
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Morgage Bonds |
None |
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ANNUAL Turnover |
R2 000 000 000 |
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Previous Year
Turnover |
R1 800 000 000 |
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Estimated
Current Year Turnover |
R2 200 000 000 |
Principals
|
Number of
Principals |
5 |
|
Average Age of
Active Principals |
41 |
Active Principals
Principal 1 of 2
|
Surname |
Dhlamini |
|
First Names |
Nhlanhla |
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ID Number |
6403195644083 |
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Current Age |
47 |
|
Designation |
Secretary |
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Status |
Active |
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Appointment Date |
2011-01-21 |
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Address (at time of
Appointment) |
44 Van Beek Avenue Glenvista 2091 |
|
ID Verification |
Yes |
|
Marital Status |
Married |
Adverse Information on Principal
Judgement 0 of 0
|
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 |
|
None |
|
|
|
|
Previous Business
Interests
|
Average Age of
Previous Business Interests |
16.5 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
Statistical
Quality Management Institute CC |
1993/001393/23 |
Deregistration
Process |
0 |
No |
|
Projects
To Create Jobs |
2002/018026/08 |
In
Business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest 1 of 2 |
|||
|
Title Deed No. |
T4387/2006 |
Erf/Site No. |
|
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Deeds Office |
Johannesburg |
Physical Address |
44 Van Beek Glenvista Johannesburg South |
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Property Type |
Freehold/ Ervin |
Extent / Size |
991.0 SQM |
|
Purchase Date |
2005-11-03 |
Purchase price |
1 270 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
Standard Bank |
|
Bond Number |
B69822006 |
Bond Amount |
1 150 000.00 |
Personal Information
Principal 2 of 5
|
Surname |
Mer |
|
First Names |
Hilton |
|
ID Number |
5709105042080 |
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Current Age |
54 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2010-07-07 |
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Address (at time
of appointment) |
13 Mervin Road Glenhazel |
|
ID Verification |
Yes |
|
Marital Status |
Unknown |
Adverse Information on Principal
Judgement 1 of 1
|
Number Of
Judgements |
None on record |
Debt Review
|
Debt review |
None on record |
Other
|
Default data |
None on
record |
Business Information of Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
METRO INTERNATIONAL (PTY)LTD |
1938/010941/07 |
Deregistration
Final |
0 |
No |
|
METROJET TRAVEL (PTY)LTD |
1989/004499/07 |
Deregistration
Final |
0 |
No |
|
STUTTAFORDS STORES
(PTY)LTD |
1998/002696/07 |
In Business |
1 |
No |
|
STUTTAFORDS INTERNATIONAL FASHION COMPANY (PTY)LTD |
2004/004471/07 |
In Business |
0 |
No |
|
L AND H ACHIB INVESTMENTS (PTY)LTD |
2004/013116/07 |
Deregistration
Process |
0 |
N |
|
SNIPMANCO (PTY)LTD |
2005/006091/07 |
Deregistration
Process |
0 |
No |
|
AUTOZONE RETAIL AND DISTRIBUTION (PTY)LTD |
2009/007926/07 |
In Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
37.5 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
METOZ HOLDINGS LTD |
1946/021315/06 |
In Business |
0 |
No |
|
ALMA E PALACHE (PTY)LTD |
1949/035308/07 |
Deregistration
Final |
0 |
No |
|
METCORP TRADING LTD |
1964/000663/06 |
Deregistration
Final |
0 |
No |
|
METCASH TRADING LTD |
1967/011651/06 |
In Business |
0 |
No |
|
BLOCH SUPERMARKETS (PTY)
LTD |
1973/011274/07 |
In Business |
0 |
No |
|
METRO CASH AND CARRY (BOPHUTHATSWANA) LTD |
1976/073165/06 |
In Business |
0 |
No |
|
FRASERS (GAZANKULU) (PTY)LTD |
1977/001127/07 |
Deregistration
Final |
0 |
No |
|
METRO KANGWANE (PTY)LTD |
1978/002004/07 |
Deregistration
Final |
0 |
No |
|
Final ERF 6127 OUDTSHOORN (PTY)LTD |
1978/004027/07 |
Deregistration
Final |
0 |
No |
|
METCASH S A LTD |
1980/000447/06 |
Deregistration
Process |
0 |
No |
|
CONSUMER GOODS COUNCIL OF SOUTH AFRICA |
1982/006710/08 |
In Business |
0 |
No |
|
METRO KWANDEBELE LTD |
1984/001289/06 |
In Business |
0 |
No |
|
METCASH SEVEN ELEVEN (PTY)LTD |
1996/009520/07 |
In Business |
0 |
No |
|
VOUFEB INVESTMENTS (PTY)LTD |
1996/016532/07 |
Deregistration
Process |
0 |
No |
|
PHADIMA INVESTMENTS (PTY)LTD |
1997/010636/07 |
Deregistration
Process |
0 |
No |
PRINCIPALS
CONTINUED – It was confirmed that a new director joined the company on 1 February
2011, a Mr W Grews, who is the CEO. His full details are not available at
present.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.72 |
|
UK Pound |
1 |
Rs.73.46 |
|
Euro |
1 |
Rs.65.47 |
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 |
|
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.