MIRA INFORM REPORT
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Report Date : |
07.10.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
E PUTSMAN CONSULTING CC |
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Registered Office : |
Cwe House, 43 Victoria Avenue, Hout Bay,
Western Cape |
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Country : |
South Africa |
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Date of Incorporation : |
06.10.1999 |
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Com. Reg. No.: |
1999/059552/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
The subject imports and distributes promotional products such as
jewelry, general stationary, outdoor accessories, home ware and utensils etc. |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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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 |
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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:
On investigation it was established that the correct registered name of the
subject is E PUTSMAN CONSULTING CC – registration certificate number: 1999/059552/23 trading as THAT’S HOT
PROMOTIONS AND IMPORTS.
Please see the report on E PUTSMAN CONSULTING CC.
Assessment:
This is a comparatively new business that imports mostly.
The subject is meeting its small local commitment timeously.
Your figure is considered as too high in relation to the subject’s
turnover.
It would be suggested that dealings be secured.
We were unable to make contact with the auditor and have left messages.
Company Information
|
Registered
Name |
E PUTSMAN
CONSULTING CC |
|
Trading
as |
THAT’S HOT PROMOTIONS AND IMPORTS |
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Previous Name |
None |
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Date of Name
Change |
N/A |
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Registration
Number |
1999/059552/23 |
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Registration
Date |
6 October 1999 |
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Date Commenced
Trading |
2004/5 |
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History of
Business |
The business was originally dormant and only commenced trading in
2004/5 |
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History of
Principals |
MR E PUTSMAN was formerly employed as a consultant in the IT industry. |
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Membersof
subject and % holding |
100% E PUTSMAN |
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Members
Contribution |
R100 |
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Age of Company |
12 years |
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Status |
Active |
|
Operations
Assessment |
The subject imports and distributes promotional
products such as jewelry, general stationary, outdoor accessories, home ware
and utensils etc. |
|
Industry/
Customers |
Advertising companies, event coordinators, media, large retail
groups etc: |
|
Export |
None as yet |
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Major Industry Code
/ SICC |
62590 Wholesale Retail |
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Definition of
Code |
Other retail trade not in stores |
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Head Office
Physical Address |
CWE House 43 Victoria Avenue HOUT BAY Western Cape |
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Head Office
Postal Address |
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Current Tel
Number Cell number |
021 790 2240 083 777 5206 |
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Current Fax
Number |
086 719 1409 |
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Current Email
Address |
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Web Site Address |
Auditors Information
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Company
Registered Name |
GEOFFREY HERBERT FOX |
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Postal Address |
P O Box 30597 TOKAI 7966 |
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Contact Person |
G H FOX |
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Contact Number |
021 7159736/ 083 2275347 |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
H J VAN LOGGERENBERG |
Unknown |
Tax Information
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Vat Number |
4680185685 |
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Status |
Active |
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Vat Liable Date |
November (bi-monthly) |
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Tax Number |
9305123649 |
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Tax Clearance
Expire Date |
February |
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Financial Year
End |
FEBRUARY |
Black Economic
Empowerment
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Status |
None |
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Score |
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Expire Date |
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BEE Certificate
Available |
Yes/No |
ISO Status
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Type of ISO
Grade |
None |
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ISO Certificate |
Yes/No |
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ISO Certificate
Available |
Yes/No |
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Certified by
anAccredited Agent |
Yes/No |
Workman’s
compensation
|
Registered |
No, but registered for UIF |
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Compliance
Certified |
No |
Company Structure
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Branches |
None |
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Branches Names |
Country |
Province |
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None |
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Subsidiary Company |
WORLD FOCUS CC |
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Shareholding |
100% E PUTSMAN CONSULTING CC |
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Import / Export |
Similar operation to the subject. |
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Number of
Employees |
4 |
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1.
Salaried
employees |
2 |
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2.
Waged
employees |
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3.
Permanent
employees |
2 |
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4.
Casual
employees |
1 |
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5.
Contracted
employees |
1 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
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Fleet Operations |
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The Fleet is
made up of |
2 |
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1.
Cars |
1 |
Owned |
Not given |
Nil |
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2.
Light
Delivery Vehicles |
1 |
Owned |
Not given |
R5 000 |
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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 |
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Rental Company |
PAM GOLDING |
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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 |
Annual |
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Lease Expire
Date |
April 2012 |
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Type of Premises |
Offices |
Trade References
The subject imports from China and India
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Supplier |
Contact |
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1)SAEL |
021 4260000 |
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2)OFFICE NATIONAL |
021 7902630 |
Trade References
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Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1)
Do |
Not |
Give |
Trade |
References |
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2)
Old |
None |
R5 000 |
30 days |
R1 000- R3 000 |
30-35 days |
Good |
Adverse
Information on Subject
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Judgements |
No information on record |
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Possible
Judgements |
No information on record |
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Civil Court |
No information on record |
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RDs |
No information on record |
Default Data
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Date |
Details |
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No information on record |
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Notarial Bonds
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Date |
Details |
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No information on record |
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Deeds Information
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Property Interest |
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Property Type: |
No information on record |
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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Bank Information
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Bank |
FIRST NATIONAL BANK |
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Branch |
HOUT BAY |
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Bank Account
Number |
62028821777 |
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Type of Account |
Current |
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Branch Code |
204009 |
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Account Name |
E PUTSMAN CONSULTING CC |
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Overdraft Facilities |
Yes, not utilized |
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Bank Code |
C |
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Bank Comment |
The subjects bankers consider them as equal to their normal business
engagements and to a figure of R20 000 over 30 days |
Bank CodesHistory
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
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None |
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Previous Bank
Accounts
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Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Financial Information
Financial
Estimates
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CURRENT ASSETS |
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Stock |
Small (order per request) |
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Debtors |
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Cash on Hand |
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FIXED ASSETS |
R200 000 |
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Plant,
Equipment, Vehicles |
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Property |
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CURRENT
LIABILITIES |
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Creditors |
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Loans/ From? |
No |
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LONG TERM
LIABILITIES |
R5000 Vehicle |
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Morgage Bonds |
None |
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ANNUAL Turnover |
R7 000 000 |
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Previous Year
Turnover |
R4 000 000 |
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Estimated
Current Year Turnover |
R4 000 000 |
Principals
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Number of
Principals |
1 |
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Average Age of
Active Principals |
52 |
Active Principals
Principal 1 of 1
|
Surname |
PUTSMAN |
|
First Names |
ERIC |
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Marital Status |
Married |
|
ID Number |
5903205883184 |
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Verified ID
Number |
Yes |
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Current Age |
52 |
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Designation |
Member |
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Status |
Active |
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Appointment Date |
Not on record |
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Address (at time of
Appointment) |
Martingale House 3 Martingale Avenue HOUT BAY 7808 |
Adverse Information on
Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No information on record |
Business Information on
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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E-PHRAIM COLLECTION
DESIGNS CC |
2000/006863/23 |
Deregistration
process |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
29 years 2 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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MARSHALLS CAPE
PROPERTY CC |
1994/005293/23 |
Deregistration
process |
0 |
No |
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MARSHALL’S HOME
BASE CC |
2000/019976/23 |
Deregistration
final |
0 |
No |
Deeds Information
Property Interests of
Principle
|
Property Interest |
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Title Deed No. |
No information on record |
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.19 |
|
UK Pound |
1 |
Rs.75.92 |
|
Euro |
1 |
Rs.65.44 |
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 |
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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 |
|
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.