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MIRA
INFORM REPORT
|
Report Date : |
12.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
CONCORDIA ARTS AND CRAFTS (PTY) LTD |
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Registered Office : |
95 11th Road Kew Gauteng P O Box 37061 Birnam Park 2015 |
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Country : |
South Africa |
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Date of Incorporation : |
27.02.1989 |
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Com. Reg. No.: |
1989/006476/23 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturing of surgical , medical and dental equipment and supplies |
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 |
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Payment Behaviour : |
Usually Correct |
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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 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 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Assessment
This is an established company meeting its
local payments to suppliers within terms.
There are no adverse on the subject or
principals.
A bank code C was obtained for
R1 000 000 over 30 days.
Your figure is considered as too high.
Should we receive the outstanding trade
reference it will be sent.
Company Information
|
Registered
Name |
CONCORDIA ARTS AND CRAFTS (PTY) LTD |
|
Trading
as/ Division Name |
CONCORDIA MEDICAL |
|
Previous Name |
None |
|
Date of Name
Change |
None |
|
Registration
Number |
1989/006476/23 |
|
Registration
Date |
1989-02-27 |
|
Date Commenced
Trading |
1968 originally |
|
History of
Business |
The subject has changed style over the years and was also formerly a
CC. |
|
Shareholders of
subject and % holding |
100% A A DOCKRAT |
|
Authorised Share
Capital |
R1000 |
|
Age of Company |
22 years 9 months |
|
Status |
In Business |
|
Operations Assessment |
Importing distribution and manufacturing
of hospital furniture and medical equipment. |
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Industry/
Customers |
Private hospitals |
|
Export |
Neighbouring countries |
|
Major Industry
Code / SICC |
37412 Manufacturing |
|
Definition of
Code |
Manufacturing of surgical , medical and
dental equipment and supplies |
|
Head Office
Physical Address |
95 11th Road KEW Gauteng |
|
Head Office
Postal Address |
P O Box 37061 BIRNAM PARK 2015 |
|
Current Tel
Number |
011 8870850 |
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Current Fax
Number |
011 8872262 |
|
Current Email
Address |
concordia@worldonline.co.za |
|
Web Site Address |
www.concordia.co.za |
Auditors Information
|
Company
Registered Name |
ABOO KALOO AND CO |
|
Trading Name |
None |
|
Registration
Number |
Stated in 1970’s |
|
Physical Address |
4th Floor 63 Dolly Rathebe Street FORDSBURG Johannesburg |
|
Postal Address |
P O Box 42270 FORDSBURG 2033 |
|
Contact Person |
MR BHAMJEE |
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Contact Number |
011 8346541 |
|
Principals |
2 |
|
Judgements
Against Subject |
Unknown |
|
Judgements
Against Principals |
Unknown |
|
Subject Verified
as Client |
Yes |
|
SAICA number |
M173573 |
|
BEE Status |
N/A |
|
Financial Year
End |
February |
|
Years With
Auditors |
10 years |
|
Website |
None |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
None |
|
Tax Information
|
Vat Number |
4220116901 |
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Status |
Active |
|
Vat Liable Date |
November, Every second month |
|
Tax Number |
9136073849 |
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Tax Clearance
Expire Date |
February |
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Financial Year
End |
February |
Black Economic Empowerment
|
Status |
None |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate
Available |
Yes/No |
ISO Status
|
Type of ISO
Grade |
None |
|
ISO Certificate |
Yes/No |
|
ISO Certificate
Available |
Yes/No |
|
Certified by
anAccredited Agent |
Yes/No |
Workman’s compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
None |
|
Branches Names |
Country |
Province |
|
None |
|
|
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Subsidiary
Company |
None |
|
Shareholding |
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|
Registration
Number |
|
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Import / Export |
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Number of
Employees |
25 |
|
1.
Salaried
employees |
6 |
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2.
Waged
employees |
19 |
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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 |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
|
Fleet Operations |
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The Fleet is
made up of |
2 |
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1.
Cars |
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2.
Light
Delivery Vehicles |
2 |
Owned |
R470 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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Head
OfficeOwned/ Rented |
Leased |
|
Rental Company |
CRIMSON KING PROPERTIES 232 (PTY) LTD |
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Owned by |
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|
Value |
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|
Bond |
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Bank |
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Lease Agreement |
None, associate company |
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Lease Expire
Date |
None |
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Type of Premises |
Office and factory |
Trade References
|
Supplier |
Contact |
|
1)ROBOR PRECISION TUBE |
011 9711700 |
|
2)BOSAL SA |
012 3911000 |
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3)EUROSTEEL |
087 3100500 |
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4)LOGWIN |
011 9767600 F011 3885856 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1) Awaiting |
A |
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2)1997 |
R200 000 |
R100 000 |
60 days |
R90 000 |
60 days |
Good |
|
3)2010 |
R130 000 |
R30 000 |
30 days |
R20 000 |
30 days |
Good |
|
4) Do |
Not |
Give |
Trade |
References |
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|
Adverse Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court
Records |
None |
|
RDs |
None |
Default Data
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Deeds Information
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
|
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 |
|
Bond Amount |
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Bank Information
|
Bank |
FIRST NATIONAL BANK |
|
Branch |
Melrose |
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Bank Account
Number |
51470371373 |
|
Type of Account |
Current |
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Branch Code |
254405 |
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Account Name |
CONCORDIA ARTS AND CRAFTS (PTY) LTD |
|
Overdraft
Facilities |
None |
|
Bank Code |
C for R1 000 000 |
|
Bank Comment |
The subject is considered as equal to its normal business engagements. |
Bank CodesHistory
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
None |
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Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
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|
Financial Information
Financial Estimates
Full financial information was not
forthcoming.
Principals
|
Number
of Principals |
4 |
|
Average Age of
Active Principals |
48 |
Active Principals
Principal 1 of 4
|
Surname |
DOCRAT |
|
First Names |
BILAL |
|
Marital Status |
Married |
|
ID Number |
8001095189080 |
|
Verified ID
Number |
Yes |
|
Current Age |
31 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2008-07-31 |
|
Address (at time
of Appointment) |
30 Umgeni Road EMMARENTIA 2195 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default data |
None |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
CRIMSON KING
PROPERTIES 232 (PTY) LTD |
2005/039451/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
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|
|
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
T12223/2007 |
Erf/Site No. |
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Deeds Office |
JOHANNESBURG |
Physical Address |
30 UMGENI EMMARENTIA RANDBURG |
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Property Type |
Freehold/ Ervin |
Extent / Size |
1006.0SQM |
|
Purchase Date |
2006-11-27 |
Purchase price |
R1 815 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0.00 |
Principal 2 of 4
|
Surname |
DOCRAT |
|
First Names |
YUSUF |
|
Marital Status |
Married |
|
ID Number |
800109518908 |
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Verified ID
Number |
Yes |
|
Current Age |
36 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2008-07-31 |
|
Address (at time
of Appointment) |
3 Netania Street RYNSOORD 1501 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
CRIMSON KING
PROPERTIES 232 (PTY) LTD |
2005/039451/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
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 |
DOCRAT |
|
First Names |
AYYOOB |
|
Marital Status |
Married |
|
ID Number |
4810065102053 |
|
Verified ID
Number |
Yes |
|
Current Age |
63 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
1990-02-23 |
|
Address (at time
of Appointment) |
30 Umgeni Road EMMARENTIA 2195 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
CRIMSON KING
PROPERTIES 232 (PTY) LTD |
2005/039451/07 |
In Business |
0 |
No |
|
BENONI MUSLIM
SCHOOL |
M1997/009501/08 |
In Business |
|
|
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
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 |
VAID |
|
First Names |
AHMED |
|
Marital Status |
Married |
|
ID Number |
4710255015056 |
|
Verified ID
Number |
Yes |
|
Current Age |
64 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
1989-11-12 |
|
Address (at time
of Appointment) |
Flat 15 Jewel Heights Jewel Street LAUDIUM Pretoria 0037 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Previous Business Interests
|
Average Age of Previous
Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
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.50.28 |
|
|
1 |
Rs.80.08 |
|
Euro |
1 |
Rs.68.44 |
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.