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MIRA INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
GEMINI GOLD DISTRIBUTORS (PTY) LTD |
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Registered Office : |
3rd Floor West Wing, 27 Ridge Road, Parktown, Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
25.10.2000 |
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Com. Reg. No.: |
2000/027152/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Importing and wholesaling of
jewellery |
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 : |
No Complaints |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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South Africa |
a1 |
a1 |
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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 company that is not a general credit seeker
locally.
In relation to the turnover your figure is considered too high.
A bank code revealed a C for R1 000 000 over 30 days.
Dealings should be well spread and secured.
Company Information
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Registered
Name |
GEMINI GOLD DISTRIBUTORS (PTY) LTD |
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Trading
as/ Division Name |
None |
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Previous Name |
None |
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Date of Name
Change |
N/A |
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Registration
Number |
2000/027152/07 |
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Registration
Date |
2000-10-25 |
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Date Commenced
Trading |
2000 |
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History of
Business |
The subject commenced as a new business in 2000. |
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Shareholdersof
subject and % holding |
100% G KRUGER |
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Authorised Share
Capital |
R100 divided into R1 shares |
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Issued Share
Capital |
R100 |
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Age of Company |
11 years |
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Status |
In Business |
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Operations
Assessment |
Importing and wholesaling of jewellery |
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Industry/
Customers |
Retailers |
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Export |
No |
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Major Industry
Code / SICC |
61393 Wholesale Retail |
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Definition of
Code |
Wholesale trade in precious stones,
jewellery and silverware. |
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Head Office
Physical Address |
3rd Floor West Wing 27 Ridge Road PARKTOWN Gauteng |
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Head Office
Postal Address |
P O Box 2415 HOUGHTON 2041 |
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Current Tel
Number |
011 6435311 |
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Current Fax
Number |
011 4843242 |
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Current Email
Address |
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Web Site Address |
None |
Auditors Information
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Sole Proprietor
Name |
BRIAN SWAINE ID:4608265086005 |
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Trading Name |
SWAINE ASSOCIATES |
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Physical Address |
3 Sandown Valley Crescent SANDOWN Gauteng |
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Postal Address |
P O Box 9331 JOHANNESBURG 2000 |
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Contact Person |
BRIAN SWAINE |
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Contact Number |
011 2178275 |
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Email |
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Principals |
1 |
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Judgements
Against Subject |
None |
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Judgements
Against Principals |
None |
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Subject Verified
as Client |
Yes |
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VAT Number |
4760144214 |
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Years With
Auditors |
Many |
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Website |
None |
Previous Auditors
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Company Name/ Tel |
Time With Previous Auditors |
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None |
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Tax Information
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Vat Number |
4740192176 |
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Status |
Active |
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Vat Liable Date |
Monthly |
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Tax Number |
9746034140 |
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Tax Clearance
Expire Date |
February and August |
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Financial Year
End |
February |
Black Economic
Empowerment
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Status |
Yes |
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Score |
Level unknown |
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Expire Date |
In process of renewing at present |
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BEE Certificate
Available |
No |
ISO Status
|
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 an
Accredited Agent |
Yes/No |
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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Branches Names |
Country |
Province |
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None |
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Subsidiary
Company |
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 |
13 |
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1.
Salaried
employees |
13 |
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2.
Waged
employees |
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3.
Permanent
employees |
13 |
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4.
Casual
employees |
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5.
Contracted
employees |
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Head Office
Owned/ Rented |
Rented |
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Rental Company |
PUBLIC INTEREST CORPORATION |
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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 |
5 years |
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Lease Expire
Date |
2015 |
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Type of Premises |
offices |
Trade References
The subject imports all its stock therefore only has one local reference.
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Supplier |
Contact |
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1)
RAM |
011 9775190 |
Trade References
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Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1)
5
years |
None |
R300 000 |
30 days |
R300 000 |
30 days |
Very Good |
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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Deeds Information
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Property Interest |
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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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Bank Information
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Bank |
FIRST NATIONAL BANK |
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Branch |
KILLARNEY |
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Bank Account
Number |
62086293273 |
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Type of Account |
Current |
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Branch Code |
256205 |
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Account Name |
GEMINI GOLD DISTRIBUTORS (PTY) LTD |
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Overdraft
Facilities |
None |
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Bank Code |
C for R1 000 000 |
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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 |
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None |
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Previous Bank
Accounts
|
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 |
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Debtors |
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Cash on Hand |
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FIXED ASSETS |
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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? |
Shareholders loans, and from previous owner |
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LONG TERM
LIABILITIES |
Overdraft at BIDVEST BANK |
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Morgage Bonds |
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ANNUAL Turnover |
R15 000 000-R25 000 000 |
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Previous Year
Turnover |
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Estimated
Current Year Turnover |
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Principals
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Number of
Principals |
1 |
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Average Age of
Active Principals |
46 |
Active Principals
Principal 1 of 1
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Surname |
KRUGER |
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First Names |
GARY |
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Marital Status |
Married |
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ID Number |
6506155212087 |
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Verified ID
Number |
Yes |
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Current Age |
46 |
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Designation |
Importer |
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Status |
Active |
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Appointment Date |
2001-01-28 |
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Address (at time of
Appointment) |
15 Burgundy Crescent BAYSWATER BLOEMFONTEIN 9301 |
Adverse
Information on Principal
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
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Default data |
None |
Business Information on
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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ART CAVRON (PTY)
LTD |
1961/002546/07 |
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0 |
No |
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BEDS FOR AFRICA |
6506155212087 |
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0 |
No |
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SWEETS FROM
HEAVEN |
6506155212087 |
|
0 |
No |
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SWEETS FROM
HEAVEN (SANLAM) CC |
B1994/017063/23 |
|
0 |
No |
Previous Business
Interests
|
Average Age of Previous
Business Interests |
8 years |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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ART JEWELLERS
WHOLESALE CC |
1997/029146/23 |
|
0 |
No |
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PRAXAIR
INVESTMENTS (PTY) LTD |
2001/001672/07 |
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0 |
No |
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TONI BOWKER JEWELLERY
(PTY) LTD |
2006/023339/07 |
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0 |
No |
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VIRAL PROPERTIES
CC |
2008/082077/23 |
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2 |
No |
Deeds Information
Property Interests of Principle
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Property Interest |
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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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.02 |
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UK Pound |
1 |
Rs.77.13 |
|
Euro |
1 |
Rs.67.56 |
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 |
|
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 |
|
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 |
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---- |
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.