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MIRA INFORM REPORT
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Report Date : |
09.09.2011 |
IDENTIFICATION DETAILS
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Name : |
EVERTYRADE (PTY) LTD |
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Formerly Known As : |
ANCHORPROPS 168 (PTY) LTD |
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Registered Office : |
2nd Floor, West Wing, Euro Centre, 363 Rivonia Boulevard,
Rivonia 2128 |
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Country : |
South Africa |
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Date of Incorporation : |
23.03.2000 |
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Com. Reg. No.: |
2000/005644/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Importing of household products and building materials |
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 : |
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 Korea |
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 imports most of its supplies.
The only trade reference is being paid within terms.
We have only traced an amount up to R500 000 over 30 days.
The company has a judgement against its name.
Caution should therefore be exercised when dealing with the subject.
We still await a bank code.
Company Information
|
Registered
Name |
EVERTYRADE (PTY) LTD |
|
Trading
as/ Division Name |
None |
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Previous Name |
Originally ANCHORPROPS 168 (PTY) LTD then
changed to EVERTRADE WORLDWIDE (PTY) LTD then changed to current name in
2002. |
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Registration
Number |
2000/005644/07 |
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Registration
Date |
2000-03-23 |
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Date Commenced
Trading |
2000 |
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History of
Business |
The business commenced as a new business in 2000. |
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Shareholders of
subject and % holding |
100% EVERTRADE HOLDINGS (PTY) LTD |
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Authorised Share
Capital |
R1000 |
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Issued Share
Capital |
R100 |
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Age of Company |
11 years 6 months |
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Status |
In Business |
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Operations
Assessment |
Importing of household products and
building materials. |
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Industry/
Customers |
Large retail chain stores. |
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Export |
None |
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Major Industry
Code / SICC |
61391 Wholesale Retail |
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Definition of
Code |
Wholesale trade in household furniture,
requisites and appliances |
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Head Office
Physical Address |
2nd Floor West Wing Euro Centre 363 Rivonia Boulevard RIVONIA 2128 |
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Head Office
Postal Address |
P O Box 2386 RIVONIA 2128 |
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Current Tel
Number |
011 8075345 |
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Current Fax
Number |
0865294268 |
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Current Email
Address |
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Web Site Address |
None |
Auditors Information
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Company
Registered Name |
KAROLIA JEENA INCORPORATED |
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Trading Name |
None |
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Registration
Number |
2000/007138/21 |
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Physical Address |
30 Jellicoe Avenue Taariq Crescent ROSEBANK 2196 |
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Postal Address |
Pri Bag X2677 SAXONWOLD 2132 |
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Contact Person |
AHMED ISMAIL |
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Contact Number |
011 5373700 |
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Email |
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Principals |
N HADJEE M JEENA M KAKA |
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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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SAICA number |
920037E |
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VAT Number |
4830188605 |
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Tax Number |
9174104142 |
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BEE Status |
Yes |
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Financial Year
End |
February |
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Years With
Auditors |
Many, old client |
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Website |
www.kji.co.za |
Previous Auditors
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Company Name/ Tel |
Time With Previous Auditors |
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WILLIAMS BATWELL AND COMPANY |
Unknown |
Tax Information
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Vat Number |
4140188915 |
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Status |
Active |
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Vat Liable Date |
Monthly |
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Tax Number |
9125151143 |
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Tax Clearance
Expire Date |
August and February |
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Financial Year
End |
January |
Black Economic
Empowerment
|
Status |
Yes |
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Score |
Level 6 |
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Expire Date |
May 2012 |
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BEE Certificate
Available |
Yes/No |
ISO Status
|
Type of ISO
Grade |
None |
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ISO Certificate |
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ISO Certificate
Available |
No |
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Certified by
anAccredited Agent |
No |
Workman’s
compensation
|
Registered |
Yes |
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Compliance
Certified |
Yes,03058221535 |
Company Structure
|
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 |
29 |
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1.
Salaried
employees |
29 |
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2.
Waged
employees |
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3.
Permanent
employees |
29 |
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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 |
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Fleet Operations |
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The Fleet is
made up of |
None, All
transport is outsourced |
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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 |
Jonick Investments CC |
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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 |
Ongoing, have a good relationship |
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Lease Expire
Date |
None |
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Type of Premises |
Office with parking |
Trade References
|
Supplier |
Contact |
|
1)
UTI |
UMSHA |
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2)
G M
ARCACHE |
031 3375506 |
Trade References
|
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)
7-8
years |
R2 000 000 |
R500 000 |
30 days |
R500 000 |
30 days |
Very Good |
Adverse
Information on Subject
|
Judgements |
Yes |
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Possible
Judgements |
Yes |
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Civil Court |
No |
|
RDs |
No |
Judgements
|
Case Number |
4011/2008 |
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Amount |
R22 000 |
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Reason |
Monies Lent |
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Court Name |
Vereeniging Magistrates |
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Judgement Type |
Judgement by Default |
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Judgement Date |
2008-07-31 |
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Plaintiff
(Multiple) |
MPHO EDWIN KHOTSOANE |
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 |
RIVONIA |
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Bank Account
Number |
62091307845 |
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Type of Account |
Current |
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Account Name |
EVERTRADE (PTY) LTD |
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Overdraft
Facilities |
None, however have a debtors financing facility |
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Date Opened |
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Bank Code |
Awaiting a bank code |
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Bank Comment |
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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 |
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None |
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Financial Information
Financial
Estimates
Financial information was declined by the company however the annual turnover was stated to be R50 000 000 plus.
Principals
|
Number of
Principals |
1 |
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Average
Age of Active Principals |
45 |
Active Principals
Principal 1 of 1
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Surname |
STRIKE |
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First Names |
TONY MICHAEL |
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Marital Status |
Married |
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ID Number |
6603014502900 |
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Verified ID
Number |
Yes |
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Current Age |
45 |
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Designation |
Businessman |
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Status |
Active |
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Appointment Date |
Not on Record |
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Address (at time of
Appointment) |
35 Ruggerhill Holkim R PAULSHOF 2056 |
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 |
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Previous Business
Interests
|
Average Age of
Previous Business Interests |
9 years |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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WAVELENGTHS 49 (PTY) LTD |
2001/024949/07 |
In Business |
0 |
No |
Deeds Information
Property Interests of
Principle
|
Property Interest |
|||
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Title Deed No. |
None 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.18 |
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UK Pound |
1 |
Rs.73.65 |
|
Euro |
1 |
Rs.64.95 |
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 |
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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.