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MIRA INFORM REPORT
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Report Date : |
05.10.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
EXCLUSIVE ACCESS TRADING 828 (PTY) LTD |
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|
|
|
Registered Office : |
Mavromac House, 12d Kramer Road, Kramerville, Johannesburg |
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Country : |
South Africa |
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Year of Establishment : |
2010 |
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Com. Reg. No.: |
2010/021279/07 |
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Legal Form : |
Private company |
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Line of Business : |
Importing and sale of
furnishing fabrics, wall coverings etc |
RATING & COMMENTS
|
MIRA’s Rating : |
Nb |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
|
Status : |
New Company |
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|
|
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Assessment:
On investigation it was established that the subject ceased trading in
May 2011and its operations and assets were incorporated into EXCLUSIVE ACCESS TRADING
828 (PTY) LTD which now trades under the name of MAVROMAC.
Please see the report attached on EXCLUSIVE ACCESS TRADING 828 (PTY)
LTD.
Assessment:
This is a new company that took over another business and now trades as MAVROMAC.
The subject imports most of its supplies and local trade references are not detailed.
No bank code was obtained in view of the infancy of the company.
It would be suggested that caution be exercised in dealing s with the subject and all dealings at present be on a Letter of Credit basis.
Company Information
|
Registered
Name |
EXCLUSIVE ACCESS
TRADING 828 (PTY) LTD |
|
Trading
as/ Division Name |
MAVROMAC THE GATE HOUSE |
|
Previous Name |
None |
|
Date of Name Change |
N/A |
|
Registration
Number |
2010/021279/07 |
|
Registration
Date |
|
|
Date Commenced
Trading |
2010, originally 1983 |
|
History of
Business |
The subject was formed from operations and assets of another company namely
MAVROMAC (PTY) LTD that had been trading since 1983 |
|
History of
Principals |
MRS MACDONALD was also a shareholder and director in MAVROMAC (PTY) LTD. |
|
Shareholders of
subject and % holding |
100% M M MACDONALD |
|
Issued Share
Capital |
R100 |
|
Age of Company |
New 2010 |
|
Status |
In Business |
|
Operations
Assessment |
Importing and sale of furnishing fabrics,
wall coverings etc: |
|
Industry/
Customers |
Designers, hotel groups, etc: |
|
Export |
No |
|
Major Industry
Code / SICC |
61310 Wholesale Retail |
|
Definition of
Code |
Wholesale trade in textiles, clothing and
footwear |
|
Head Office
Physical Address |
Mavromac House 12d Kramer Road KRAMERVILLE Johannesburg |
|
Head Office
Postal Address |
P O Box 76178 WENDYWOOD 2144 |
|
Current Tel
Number |
011 4441584 |
|
Current Fax
Number |
011 4441541 |
|
Current Email
Address |
|
|
Web Site Address |
Auditors Information
|
Company
Registered Name |
BDO SOUTH AFRICA INC |
|
Trading Name |
BDO |
|
Registration
Number |
1995/002310/21 |
|
Physical Address |
13 Wellington Road PARKTOWN Johannesburg Gauteng |
|
Postal Address |
Private Bag X60500 HOUGTON 2041 |
|
Contact Person |
Felisa Van der Merwe |
|
Contact Number |
011 488 1700 |
|
Email |
|
|
Principals |
43 |
|
Judgements
Against Subject |
No information on record |
|
Judgements
Against Principals |
No information on record |
|
Subject Verified
as Client |
Yes |
|
SAICA number |
905526E |
|
VAT Number |
4910148685 |
|
Tax Number |
904048884 |
|
Financial Year
End |
December |
|
Years With
Auditors |
New, Mavromac- 10 years |
|
Website |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
|
|
Tax Information
|
Vat Number |
4540258185 |
|
Status |
Active |
|
Vat Liable Date |
Monthly |
|
Tax Number |
None as yet- applying at present |
|
Financial Year
End |
March |
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/No |
|
Compliance
Certified |
Yes/No |
Company Structure
|
Branches |
3 |
|
Branches Names |
Tel |
Province |
|
CAPE TOWN |
021 7974739 |
WESTERN CAPE |
|
DURBAN |
031 3038203 |
KWAZULU NATAL |
|
PORT ELIZABETH |
041 5863338 |
EASTERN CAPE |
|
Subsidiary
Company |
None |
|
Shareholding |
|
|
Registration
Number |
|
|
Import / Export |
|
|
Number of
Employees |
52 |
|
1.
Salaried
employees |
52 |
|
2.
Waged
employees |
|
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3.
Permanent
employees |
52 |
|
4.
Casual
employees |
|
|
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 |
3 |
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1.
Cars |
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|
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2.
Light
Delivery Vehicles |
3 |
Owned |
R300 000 |
None |
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3.
Trailers |
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4.
Busses |
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5.
Trucks |
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|
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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 |
BIG BRIGHT PROPERTIES (PTY) LTD- owned by MRS M M MACDONALD |
|
Owned by |
|
|
Value |
R12 000 000 |
|
Bond |
None |
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire
Date |
|
|
Type of Premises |
Warehouse and showroom |
Branches Owned/
Rented |
CT owned |
DBN rented |
PE rented |
|
Rental Company |
|
Unknown |
Unknown |
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Owned |
BIG BRIGHT PROPERTIES (PTY) LTD |
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|
|
Value |
R10 000 000 |
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|
Bank |
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|
Bond |
R4 000 000 |
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|
Lease Agreement |
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Lease Expire
Date |
|
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Type of Premises |
Showroom |
Showroom |
Showroom |
Trade References
The subject imports most of its products.
|
Supplier |
Contact |
|
1)
TOLL
GLOBAL |
011 5752600 |
|
2)
BACKS
SAMPLING |
011 477
4714 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1)Old |
Declined |
Declined figures |
30 days |
Declined figures |
30 days |
Excellent |
|
2)Unable to |
Obtain |
As |
Phone |
Remains
unanswered |
|
|
Adverse
Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Default Data
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Deeds Information
|
Property Interest |
|||
|
Title Deed No. |
None on record |
Erf/Site No. |
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|
Deeds Office |
|
Physical Address |
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|
Property Type |
|
Extent / Size |
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|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Bank Information
|
Bank |
NEDBANK |
|
Branch |
BUSINESS BANKING CENTRAL JHB |
|
Bank Account
Number |
1007070595 |
|
Type of Account |
Current |
|
Account Name |
EXCLUSIVE ACCESS TRADING 828 (PTY) LTD |
|
Overdraft
Facilities |
None |
|
Bank Code |
None, too new |
|
Bank Comment |
Unable to comment |
The company used to bank with STANDARD BANK when it was under MAVROMAC
(PTY) LTD
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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|
|
|
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CURRENT
ASSETS |
|
|
Stock
|
|
|
Debtors |
|
|
Cash
on Hand |
|
|
FIXED
ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors
|
|
|
Loans/
From? |
|
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LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
ANNUAL
Turnover |
Under MAVROMAC (PTY) LTD- R 47 000
000 |
|
Previous
Year Turnover |
|
|
Estimated
Current Year Turnover |
Under EXCLUSIVE
ACCESS TRADING 828 (PTY) LTD- R52 000 000 |
Financial Information
Financial
Estimates
|
CURRENT ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
Cash on Hand |
|
|
FIXED ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
ANNUAL Turnover |
Under MAVROMAC (PTY) LTD- R 47 000 000 |
|
Previous Year
Turnover |
|
|
Estimated
Current Year Turnover |
Under EXCLUSIVE ACCESS TRADING 828 (PTY)
LTD- R52 000 000 |
Principals
Currently a MR J SWART is the only director at CIPC, however it is in the process of changing and documents have been submitted. Please see new directors below.
|
Number of
Principals |
2 |
|
Average Age of
Active Principals |
49 |
Active Principals
Principal 1 of 2
|
Surname |
MACDONALD |
|
First Names |
MARGUERITA MARINA |
|
Marital Status |
Married |
|
ID Number/ Birth
date |
560907 |
|
Verified ID
Number |
No |
|
Current Age |
55 |
|
Designation |
Director |
|
Status |
Currently being registered |
|
Appointment Date |
New |
|
Address (at time of Appointment) |
9 Cypress Road NEWLANDS 7700 |
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 |
|
MAVROMAC (PTY)
LTD |
1983/003446/07 |
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 on record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 2 of 2
|
Surname |
SWART |
|
First Names |
HANNEKE |
|
Marital Status |
Married |
|
ID Number/ Birth
date |
6701140415081 |
|
Verified ID
Number |
No |
|
Current Age |
44 |
|
Designation |
Director |
|
Status |
Currently being registered |
|
Appointment Date |
New |
|
Address (at time of
Appointment) |
3 Ronmar Road MORNINGSIDE SANDTON |
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. |
T51081/2003 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
3 RONMAR MORNINGSIDE SANDTON |
|
Property Type |
Freehold / Ervin |
Extent / Size |
|
|
Purchase Date |
2003-02-22 |
Purchase price |
R 1175000 |
|
% Ownership |
0.0000 |
Bond Holder |
STANDARD BANK OF SOUTH AFRICA |
|
Bond Number |
B346342003 |
Bond Amount |
R 1000000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.23 |
|
UK Pound |
1 |
Rs.76.07 |
|
Euro |
1 |
Rs.65.06 |
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.