MIRA INFORM
REPORT
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Report Date : |
24.06.2011 |
IDENTIFICATION DETAILS
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Name : |
PERL TRIM CC |
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Registered Office : |
17 Sadia Boulevard, Ro Shasia Industrial Sites, Roshnee, Vereeniging |
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Country : |
South Africa |
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Date of Incorporation : |
25.09.1991 |
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Com. Reg. No.: |
1991/025310/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Wholesalers of haberdash |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Assessment:
This is an
established family business that is paying some commitments on a PD Cheque basis
and others over
terms at times.
There are no
judgements on record for the subject or the members.
The figure of
USD1 000 000 is considered as too high.
We would suggest security be sought when dealing with the subject.
Company Information
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Registered
Name |
PERL TRIM CC |
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Trading
as/ Division Name |
None |
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Previous Name |
None |
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Registration
Number |
1991/025310/23 |
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Registration
Date |
1991-09-25 |
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Date Commenced
Trading |
1991 |
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History of
Business |
The subject started as a new business. |
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Membership and %
holding |
50% M DOCKRAT 50% MRS Z DOCKRAT (wife) |
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Members
Contribution |
R100 |
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Age of Company |
20 years |
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Status |
In Business |
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Industry/
Customers |
Retailers and Manufactureres |
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Operations
Assessment |
Wholesalers of haberdashery. |
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Head Office
Physical Address |
17 Sadia Boulevard Ro Shasia Industrial Sites ROSHNEE Vereeniging |
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Head Office
Postal Address |
P O Box 21409 ROSHNEE 1936 |
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Current Tel
Number |
016 5561194 |
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Current Fax
Number |
016 5561172 |
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Current Email
Address |
Tax Information
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Vat Number |
4640127850 |
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Vat Liable Date |
August |
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Status |
Active |
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Tax Number |
9370131683 |
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Tax Clearance |
Yes |
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Tax Clearance
Expire Date |
Unknown |
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Financial Year
End |
February |
Black Economic Empowerment
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Status |
None compliant |
ISO Status
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Type of ISO
Grade |
None |
Workman’s compensation
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Registered |
Yes |
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Compliance
Certified |
Yes |
Company Structure
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Branches |
None |
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Associated
Companies |
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 |
20 |
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1.
Salaried
employees |
20 |
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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 |
4 |
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Fleet Operations |
Controlled from
Head office |
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The Fleet is
made up of |
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1.
Cars |
3 |
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2.
Light
Delivery Vehicles |
1 |
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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 |
Rented |
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Rental Company |
Haskem Investments CC |
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Owned by |
Mr M Dockrat |
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Lease Agreement |
5 years |
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Lease Expire
Date |
Ongoing |
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Type of Premises |
Office and warehouse |
Trade References
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Supplier |
Contact |
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R HAMMOND |
011 3342991 |
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K ADLER |
011 3347106 |
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BRAITEX |
021 5912217 |
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BRASH HOBBY |
011 4939100 |
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NUPIN |
011 4123425 |
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Age of Acc |
Credit Limit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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20 Years |
R40 000 |
60 days |
R40 000 |
60 Days- 2 PD
cheques |
Good |
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Do |
Not |
Give |
Trade |
References |
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1995 |
R50 000 |
30 days |
R8-20 000 |
30 days |
Very Good |
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10 years |
R20 000 |
60 days |
R5- R20 000 |
60- 90 days |
Fair |
Adverse Information on Subject
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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 |
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 |
H CASSIM (sole proprietor) |
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Trading Name |
None |
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Physical Address |
22 Ibnsina Street ROSHNEE Vereeniging |
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Postal Address |
P O Box 21045 ROSHNEE 1936 |
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Contact Person |
HAROON |
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Contact Number |
016556334 |
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Subject Verified
as Client |
Yes |
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SAICA number |
3756 |
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Years With
Auditors |
6 years |
Previous Auditors
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Company Name/ Tel |
Time With Previous Auditors |
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SEEDAT AND COMPANY (SA) CA |
Unknown |
Bank Information
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Bank |
Standard Bank |
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Branch |
Voortrekker Street VEREENIGING |
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Bank Account
Number |
021797129 |
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Type of account |
Current |
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Branch Code |
014637 |
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Account Name |
PERL TRIM CC |
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Bank Code |
C |
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Bank Comment |
The subject is considered equal to its normal business engagements. |
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
Financial
Estimates
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CURRENT ASSETS |
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Stock |
R3 000 000 – R4 000 000 |
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Debtors |
R800 000 |
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Cash on Hand |
Fluctuates |
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FIXED ASSETS |
R500 000 |
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Plant,
Equipment, Vehicles |
R500 000 |
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Property |
None |
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CURRENT LIABILITIES |
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Creditors |
R200 000 – R300 000 |
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Loans/ From? |
Declined |
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LONG TERM
LIABILITIES |
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Morgage Bonds |
N/A |
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ANNUAL / MONTHLY
Turnover |
R10 000 000 |
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Previous Year
Turnover |
R10 000 000 |
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Estimated
Current Year Turnover |
R10 000 000 |
Principals
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Number of
Principals |
2 |
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Average Age of
Active Principals |
56 |
Active Principals
Principal 1 of 2
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Surname |
DOCKRAT |
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First Names |
MOHAMED |
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ID Number |
5511275135086 |
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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 |
? |
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Address
(at time of Appointment) |
13 Bader Street DADAVILLE 1936 |
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ID Verification |
Yes |
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Marital Status |
Married |
Adverse
Information on Principal
Judgement 0 of 0
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Number of Judgements |
None |
Debt Review
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Debt review |
None |
Other
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Default data |
None |
Business Information on
Principal
Current Business Interests
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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DOCKIES BISCUITS
CC |
1996/038914/23 |
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0 |
No |
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HASKEM
INVESTMENTS CC |
1998/041244/23 |
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0 |
No |
Previous Business
Interests
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Average Age of
Previous Business Interests |
9 years |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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DOCMO CC |
2001/056742/23 |
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0 |
No |
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Deeds Information
Property Interests of
Principle
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Property Interests |
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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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Personal Information
Principal 2 of 2
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Surname |
DOCKRAT |
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First Names |
ZUBEIDA |
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ID Number |
5801160092000 |
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Current Age |
53 |
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Designation |
Member |
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Status |
Active |
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Appointment Date |
? |
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Address (at time
of appointment) |
13 Badr Street DADEVILLE GARDENS 1936 |
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ID Verification |
Yes |
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Marital Status |
Married |
Adverse Information on
Principal
Judgement 1 of 1
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Number Of
Judgements |
None |
Debt Review
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Debt review |
None |
Other
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Default data |
None |
Business Information of Principal
Current Business Interests
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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HASKEM INVESTMENTS
CC |
1998/041244/23 |
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0 |
No |
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AARIF
INVESTMENTS CC |
2007/067997/23 |
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0 |
No |
Previous Business
Interests
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Average Age of
Previous Business Interests |
None |
Deeds Information
Property Interests of
Principal
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Property Interests |
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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
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Indian Rupees |
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US Dollar |
1 |
Rs.44.93 |
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UK Pound |
1 |
Rs.72.09 |
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Euro |
1 |
Rs.64.21 |
RATING EXPLANATIONS
|
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.