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MIRA
INFORM REPORT
|
Report Date : |
19.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
MATLOTLO TRADING 196 (PTY) LTD |
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Registered Office : |
147 Garsfontein Road Alpein Park Pretoria Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
20.04.2010 |
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Com. Reg. No.: |
M2010/007660/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Distribution of herbal medicines |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
New Company |
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Payment Behaviour : |
Regular |
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Litigation : |
South Africa |
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 |
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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 a new company that has not as yet
established a payment pattern with suppliers.
The local supplier is being paid on a COD
basis.
A bank code C was obtained for R500 000
over 30 days.
It would be suggested that all dealings be on
a Letter of Credit basis until the subject is better established.
Company Information
|
Registered
Name |
MATLOTLO TRADING 196 (PTY) LTD |
|
Trading
as/ Division Name |
AFRICAN WONDER |
|
Previous Name |
None |
|
Date of Name
Change |
N/A |
|
Registration
Number |
M2010/007660/07 |
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Registration
Date |
2010-04-20 |
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Date Commenced
Trading |
2010 |
|
History of Business |
The subject commenced as a new business in 2010. |
|
History of
Principals |
The principals have various other business interests. |
|
Shareholders of
subject and % holding |
MRS M KOTZE J MARTIN |
|
Authorised Share
Capital |
R1000 |
|
Issued Share
Capital |
R100 |
|
Age of Company |
1 years 7 months |
|
Status |
In Business |
|
Operations
Assessment |
Distribution of herbal medicines |
|
Industry/
Customers |
Pharmacies, FMCG stores |
|
Export |
None |
|
Major Industry
Code / SICC |
61394 Wholesale Retail |
|
Definition of
Code |
Wholesale trade in pharmaceuticals
toiletries and medical equipment |
|
Head Office
Physical Address |
147 Garsfontein Road Alpein Park PRETORIA Gauteng |
|
Head Office
Postal Address |
P O Box 17 GROENKLOOF 0027 |
|
Current Tel
Number |
012 4240400 |
Auditors Information
|
Company
Registered Name |
ACC AUDIT INC |
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Trading Name |
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Registration
Number |
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Physical Address |
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Postal Address |
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Contact Person |
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Contact Number |
Awaiting contact details |
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Email |
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Principals |
|
|
Judgements
Against Subject |
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|
Judgements
Against Principals |
|
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Subject Verified
as Client |
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SAICA number |
903819 |
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VAT Number |
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Tax Number |
|
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BEE Status |
|
|
Financial Year
End |
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|
Years With
Auditors |
|
|
Website |
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Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
ACT AUDIT SOLUTIONS |
1 year |
|
GREGORY BUTT AND MARX |
Unknown |
Tax Information
|
Vat Number |
4960257626 |
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Status |
Active |
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Vat Liable Date |
Monthly |
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Tax Number |
9160122181 |
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Tax Clearance
Expire Date |
February |
|
Financial Year
End |
February |
Black Economic Empowerment
|
Status |
None as yet |
|
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 |
|
|
|
Subsidiary
Company |
None |
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Shareholding |
|
|
Registration
Number |
|
|
Import / Export |
|
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Number of
Employees |
9 |
|
1.
Salaried
employees |
X |
|
2.
Waged
employees |
X |
|
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 |
None |
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1.
Cars |
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2.
Light
Delivery Vehicles |
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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 |
Rented |
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Rental Company |
WAD |
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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 |
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Lease Expire
Date |
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Type of Premises |
Offices |
Trade References
|
Supplier |
Contact |
|
1)
COMED HEALTH |
012 8139505 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1)1 years |
R100 000 |
R100 000 |
COD |
R50 000 |
COD |
Good |
Adverse Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
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 |
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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 |
|
Bond Holder |
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|
Bond Number |
|
Bond Amount |
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Bank Information
|
Bank |
STANDARD BANK |
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Branch |
CENTURION |
|
Bank Account
Number |
410259128 |
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Type of Account |
Current |
|
Branch Code |
012645 |
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Account Name |
MATLOTLO TRADING 196 (PTY) LTD |
|
Bank Code |
C for R500 000 |
|
Bank Comment |
The subject’s bankers consider them as equal to their 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
Respondents were unable to comment on
financial information.
Principals
|
Number
of Principals |
2 |
|
Average Age of
Active Principals |
44 |
Active Principals
Principal 1 of 2
|
Surname |
KOTZE |
|
First Names |
MAGDALENA |
|
Marital Status |
Married |
|
ID Number |
7012080226085 |
|
Verified ID
Number |
Yes |
|
Current Age |
41 |
|
Designation |
Business Woman |
|
Status |
Active |
|
Appointment Date |
2010-05-31 |
|
Address (at time
of Appointment) |
68 Suikerbekkie Street ROOIHUISKRAAL 0149 |
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 |
|
ANDULUCIA
TRADING 219 (PTY) LTD |
2009/024476/07 |
In Business |
0 |
No |
|
MED QUALITY
CONSULTING CC |
2009/030381/23 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
5 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
MEDQUALITY
RETAIL BROKERS CC |
2000/023959/23 |
Deregistration
Final |
0 |
No |
|
ENSIGMA BROKERS
(PTY) LTD |
2001/026353/07 |
In Business |
0 |
No |
|
UNIQUE COMPOSITE
PRODUCTS (PTY) LTD |
2003/009026/07 |
Deregistration
Process |
0 |
No |
|
OCTAGON
NUTRIPRODUCTS ENTERPRISES (PTY) LTD |
2009/002750/07 |
Voluntary
Liquidation |
0 |
Yes |
|
MATAYO TRADING
62 (PTY) LTD |
2009/002785/07 |
In Business |
0 |
No |
|
VIGASPEC (PTY)
LTD |
2009/006207/07 |
In Business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
T10237/2008 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
68 SUIKERBEKKIE ROOIHUISKRAAL CENTURION |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
1200.0SQM |
|
Purchase Date |
2007-07-31 |
Purchase price |
R480 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
FIRSTRAND BANK |
|
Bond Number |
B111982008 |
Bond Amount |
R1 200 000.00 |
Principal 2 of 2
|
Surname |
MARTIN |
|
First Names |
JOHN |
|
Marital Status |
Married |
|
ID Number |
6411295065083 |
|
Verified ID
Number |
Yes |
|
Current Age |
47 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2010-05-31 |
|
Address (at time
of Appointment) |
13 2nd Avenue LINDEN Johannesburg |
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 |
|
SMART-TRAC CC |
1995/006081/23 |
Deregistration process |
0 |
No |
|
MEZZO-MARTHIE
PROPERTY HODINGS CC |
1995/047047/23 |
Deregistration
process |
0 |
No |
|
ACTIVO HEALTH |
2009/009541/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
3 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
HI FLY AFRICA
TYRES (PTY) LTD |
2008/008052/07 |
In Business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
ST54218/2008 |
Erf/Site No. |
844.0 |
|
Deeds Office |
PRETORIA |
Physical Address |
339 KENT FERNDALE RANDBURG |
|
Property Type |
Sectional Title/ Unit |
Extent / Size |
54.0SQM |
|
Purchase Date |
2007-10-19 |
Purchase price |
R423 500.00 |
|
% Ownership |
0.0000 |
Bond Holder |
INVESTEC BANK |
|
Bond Number |
B1191892007 |
Bond Amount |
R16 500 000.00 |
|
Property Interest |
|||
|
Title Deed No. |
ST26518/1997 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
99 5TH STREET LINDEN RANDBURG |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
1487.0SQM |
|
Purchase Date |
1996-08-28 |
Purchase price |
R405 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
FIRST NATIONAL BANK |
|
Bond Number |
B239071997 |
Bond Amount |
R400 000.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
|
|
1 |
Rs.80.97 |
|
Euro |
1 |
Rs.69.26 |
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.