MIRA INFORM REPORT
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Report Date : |
21.06.2011 |
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Tel. No.: |
0027314685372 |
IDENTIFICATION DETAILS
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Name : |
MARLTONS PETS AND PRODUCTS CC |
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Registered Office : |
51 Shetland Road, Jacobs, Durban, Kwazulu Natal |
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Country : |
South Africa |
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Date of Incorporation : |
26.05.1989 |
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Com. Reg. No.: |
1989/016460/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
manufactures pet products such as clothing, toys,
bedding etc |
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) |
|
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 |
Assessment:
This is an established business.
Purchases are paid on terms.
There are no judgements on record for the
subject or the principals.
An amount of USD 1 000 000 is
considered too high therefore it is suggested a lesser amount be on a spread
basis.
We are awaiting a
bank code which will be sent as soon as possible.
Company Information
|
Registered
Name |
MARLTONS PETS AND PRODUCTS CC |
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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 |
1989/016460/23 |
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Registration
Date |
1989-05-26 |
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Date Commenced
Trading |
1989 |
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History of
Business |
The subject was started as a new business however it was stated that
MR G MARLTON has had many years
experience in the industry and had a previous business that was incorporated
into the subject in 2005. |
|
Members of
subject and % holding |
46% G MARLTON 44% S HUTCHINS 10% G FAULDS |
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Members
Contribution |
R100 |
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Age of Company |
22 years |
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Status |
Active |
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Industry/
Customers |
Retailers and wholesaers |
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Operations
Assessment |
The subject manufactures pet products such
as clothing, toys, bedding etc: |
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Head Office
Physical Address |
51 Shetland Road JACOBS Durban Kwazulu Natal |
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Head Office
Postal Address |
P O Box 12711 JACOBS 4026 |
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Current Tel
Number |
031 4685372 |
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Current Fax
Number |
031 4685380 |
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Current Email
Address |
procurement@marltons.co.za |
Tax Information
|
Vat Number |
4260107190 |
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Vat Liable Date |
Monthly |
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Status |
Active |
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Tax Number |
9385192845 |
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Tax Clearance |
Yes |
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Tax Clearance
Expire Date |
Done through Auditors |
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Financial Year
End |
February |
Black Economic Empowerment
|
Status |
None |
ISO Status
|
Type of ISO
Grade |
None |
Workman’s compensation
|
Registered |
Yes |
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Compliance
Certified |
Yes |
Company Structure
|
Branches |
3 |
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Branches Names |
Country |
Province |
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Johannesburg |
South Africa |
Gauteng |
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Cape Town |
South Africa |
Western Cape |
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Port Elizabeth |
South Africa |
Eastern Cape |
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Associated
Companies |
None |
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Number of
Employees |
300 |
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1.
Salaried
employees |
300 |
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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 |
40 |
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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 plus merchandising vehicles |
40 |
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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 |
Owned |
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Owned by |
Members of the subject |
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Bond |
Free of Bond |
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Type of Premises |
Office, factory and warehouse |
Branches Owned/
Rented |
Cape Town and Port Elizabeth leased |
Johannesburg- half owned by the subject |
Trade References
|
Supplier |
Contact |
|
AMATIKULU |
035 3374572 |
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AGRICOL |
011 8144455 |
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BHEJANE SECURITY |
031 3039888 |
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FERROPRINT |
031 7051739 |
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PRINT SPECIALIST |
031 4691971 |
Trade References
|
Age of Acc |
Credit Limit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
2002 |
R400 000 |
30 days |
R100 000-
R400 000 |
30 days |
Very Good |
|
9 years |
R500 000 |
60 days |
R450 000 |
60 days |
Very Good |
|
2000 |
Open |
60 days |
R60 000 |
60 days |
Good |
Adverse Information on Subject
|
Judgements |
None |
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Possible
Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Default Data
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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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Auditors Information
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Company
Registered Name |
MARPET CC |
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Trading Name |
Brian Cranston Financial Services |
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Registration
Number |
1992/030884/23 |
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Physical Address |
3 Denham Place WESTVILLE Durban |
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Postal Address |
P O Box 37 WESTVILLE 3630 |
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Contact Person |
Brian Cranston |
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Contact Number |
031 5382525 |
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Email |
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Directors/
Members/ Partners |
100% B W CRANSTON |
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Judgements
Against Subject |
None |
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Judgements
Against Diretors |
None |
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Subject Verified
as Client |
Yes |
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SAICA number/
Proff no |
5964559 |
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VAT Number |
4960102566 |
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Tax Number |
9179035200 |
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BEE Status |
No |
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Website |
No |
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Financial Year
End |
March |
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Years With
Auditors |
1995 |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
RICHARD IAN SHER INC |
From 1986 |
Bank Information
|
Bank |
STANDARD BANK |
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Branch |
FLORIDA |
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Bank Account
Number |
021183562 |
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Type of account |
Current |
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Bank Code |
Awaiting bank code |
Deeds Information
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Property Interest 1 of 1 |
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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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Municipal City: |
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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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Financial Information
It was established that Mr G Marlton is currently overseas so unfortunately financial information was not available and he only returns in July.
Principals
|
Number of
Principals |
3 |
|
Average Age of
Active Principals |
52 |
Active Principals
Principal 1 of 3
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Surname |
MARLTON |
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First Names |
GAVIN |
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ID Number |
5405135031082 |
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Current Age |
57 |
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Designation |
Member |
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Status |
Active |
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Appointment Date |
2005-08-01 |
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Address (at time
of Appointment) |
19 Anthony Drive GILLETS Durban 3610 |
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ID Verification |
Yes |
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Marital Status |
Divorced |
Adverse Information on Principal
Judgement 0 of 0
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Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
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Default data |
None |
Business Information on Principal
Current
Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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HERR INVESTMENTS CC |
1993/016249/23 |
In Business |
0 |
No |
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BROOKLYN TOYS AND HOBBIES CC |
1995/028963/23 |
In Business |
0 |
No |
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THE SOUTH AFRICAN PET TRADERS |
2005/009106/08 |
In Business |
0 |
No |
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ROYAL SQUARE INVESTMENTS 399 CC |
2005/183037/23 |
In Business |
0 |
No |
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PET BRANDS CC |
2007/046544/23 |
In Business |
0 |
No |
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HORNBILL ESTATES 11 CC |
2007/112540/23 |
In Business |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
9 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
ERF 342
DULLSTROOM CC |
1990/029688/23 |
In Business |
0 |
No |
|
PROPFOCUS 27
(PTY) LTD |
1995/001315/07 |
Deregistration
Process |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
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Personal Information
Principal 2 of 3
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Surname |
HUTCHINS |
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First Names |
SALLY |
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ID Number |
5504240167185 |
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Current Age |
56 |
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Designation |
Member |
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Status |
Active |
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Appointment Date |
2005-08-01 |
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Address (at time
of appointment) |
19 Anthony Drive Chelsford park GILLETTS Durban |
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ID Verification |
Yes |
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Marital Status |
Unmarried |
Adverse Information on Principal
Judgements
|
Number Of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information of Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
HERR INVESTMENTS
CC |
1993/016249/23 |
In Business |
0 |
No |
|
ROYAL SQUARE
INVESTMENTS 399 CC |
2005/183037/23 |
In Business |
0 |
No |
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PET BRANDS CC |
2007/046544/23 |
In Business |
0 |
No |
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HORNBILL ESTATES
11 CC |
2007/112540/23 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
16 years |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
PROPFOCUS 27
(PTY) LTD |
1995/001315/07 |
Deregistration
Process |
0 |
No |
|
BROOKLYN TOYS
AND HOBBIES CC |
1995/028963/23 |
In Business |
0 |
No |
Deeds Information
Property Interests of Principal
|
Property Interest 1of 2 |
|||
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Title Deed No. |
ST6662/2005 |
Erf/Site No. |
266,0 |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
45 400053 PLANTATIONS HILLCREST |
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Property Type |
SECTIONAL TITLE / UNIT |
Extent / Size |
119.0 SQM |
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Purchase Date |
2005-02-28 |
Purchase price |
820 000 |
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% Ownership |
0.0000 |
Bond Holder |
ABSA |
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Bond Number |
SB297392005 |
Bond Amount |
715000 |
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Property Interest 1of 2 |
|||
|
Title Deed No. |
ST63701/2005 |
Erf/Site No. |
3665 |
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Deeds Office |
PIETERMARITZBURG |
Physical Address |
LAURENCE ROCKS MARGATE |
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Property Type |
SECTIONAL TITLE / UNIT |
Extent / Size |
90.0 SQM |
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Purchase Date |
2005-09-07 |
Purchase price |
583335.00 |
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% Ownership |
0.0000 |
Bond Holder |
ABSA |
|
Bond Number |
SB725912005 |
Bond Amount |
583335.00 |
Principal 3 of 3
|
Surname |
FAULDS |
|
First Names |
GAVIN |
|
ID Number |
680516539086 |
|
Current Age |
43 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
2005-07-27 |
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Address (at time
of appointment) |
15 Savell Place GLENASHLEY Durban 4051 |
|
ID Verification |
Yes |
|
Marital Status |
Married |
Adverse Information on Principal
Judgements
|
Number Of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information of Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
THE SOUTH
AFRICAN PET TRADERS |
2005/009106/08 |
In Business |
0 |
No |
|
ROYAL SQUARE
INVESTMENTS 399 CC |
2005/183037/23 |
In Business |
0 |
No |
|
PET BRANDS CC |
2007/046544/23 |
In Business |
0 |
No |
|
HORNBILL ESTATES
11 CC |
2007/112540/23 |
In Business |
0 |
No |
|
BTM INVESTMENTS
CC |
2004/048072/23 |
Deregistration
Final |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
50 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
LUBRIZOL SOUTH
AFRICA (PTY) LTD |
1961/001151/07 |
In Business |
0 |
No |
Deeds Information
Property Interests
of Principal
|
Property Interest 1of 2 |
|||
|
Title Deed No. |
T7397/2005 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
1 SAVELL GLENASHLEY DURBAN NORTH |
|
Property Type |
FREEHOLD /ERVIN |
Extent / Size |
1012.0 SQM |
|
Purchase Date |
2004-12-10 |
Purchase price |
1450000.000 |
|
% Ownership |
0.0000 |
Bond Holder |
STANDARD BANK |
|
Bond Number |
B82272005 |
Bond Amount |
1450000.000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.99 |
|
UK Pound |
1 |
Rs.72.60 |
|
Euro |
1 |
Rs.64.01 |
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 |
|
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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.