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MIRA INFORM REPORT
|
Report Date : |
12.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
MAZISTA TILES (PTY) LTD |
|
|
|
|
Registered Office : |
Mazista House, 233 Hans Strydom Drive, North Riding, Gauteng |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
26.08.2003 |
|
|
|
|
Com. Reg. No.: |
2003/020644/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Import and export of
natural stone tiles, slate etc |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
Usually Correct |
|
|
|
|
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 |
|
Restricted |
C2 |
|
Off-credit |
D |
Assessment:
This is an established business.
The subject is meeting commitments over terms at times and one supplier stated the subject needs phoning for
payment.
Respondents declined to provide detailed financial information.
We also still await a bank code.
We have no real basis upon which to recommend credit dealings.
Company Information
|
Registered
Name |
MAZISTA TILES (PTY) LTD |
|
Trading
as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name
Change |
N/A |
|
Registration
Number |
2003/020644/07 |
|
Registration
Date |
2003-08-26 |
|
Date Commenced
Trading |
2003, orig 1927 |
|
History of
Business |
The subject was originally commenced as a
business in the North West Province in 1927 and has changed style over the
years. |
|
Shareholders of
subject and % holding |
M J TULLY (Majority) R BLAIR A CLEGG M ZANATO |
|
Authorised Share
Capital |
R1000 |
|
Issued Share
Capital |
R1000 |
|
Age of Company |
8 years 1 month |
|
Status |
In Business |
|
Operations
Assessment |
Import and export of natural stone tiles,
slate etc: |
|
Industry/
Customers |
Wholesalers, retailers |
|
Export |
Australia, New Zealand, Middle and Far
East, Europe, UK, USA and Canada. |
|
Major Industry
Code / SICC |
61909 Wholesale Retail |
|
Definition of
Code |
Other wholesale trade n.e.c |
|
Head Office
Physical Address |
Mazista House 233 Hans Strydom Drive NORTH RIDING Gauteng |
|
Head Office
Postal Address |
P O Box 333 HONEYDEW 2040 |
|
Current Tel
Number Cell number |
011 9982600 |
|
Current Fax
Number |
011 4623436 |
|
Current Email
Address |
sharonreeves@mazista.co.za (Procuremant manager) |
|
Web Site Address |
Auditors Information
|
Company
Registered Name |
ANDERSON ROCHUSSEN VAN DER BIJL INC |
|
Trading Name |
ARB |
|
Registration
Number |
1999/016240/21 |
|
Physical Address |
1st Floor 34 Fricker Road ILLOVO Gauteng |
|
Postal Address |
P O Box 87583 HOUGHTON 2041 |
|
Contact Person |
SERETARIAL DEPARTMENT |
|
Contact Number |
011 8805966 |
|
Principals |
P J PAUL D BOTHA M ARENDSE R G ROY M VAN TONDER |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject Verified
as Client |
Yes |
|
SAICA number |
927716E |
|
VAT Number |
4030185203 |
|
Tax Number |
9292444842 |
|
BEE Status |
Not as yet, applied |
|
Financial Year
End |
August |
|
Years With
Auditors |
Old customer |
|
Website |
None |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
None |
|
Tax Information
|
Vat Number |
4250223254 |
|
Status |
Active |
|
Vat Liable Date |
Monthly |
|
Tax Number |
9927499146 |
|
Tax Clearance
Expire Date |
August and February |
|
Financial Year
End |
February |
Black Economic
Empowerment
|
Status |
Yes |
|
Score |
Unknown |
|
Expire Date |
Unknown |
|
BEE Certificate
Available |
No |
ISO Status
|
Type of ISO
Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate
Available |
|
|
Certified by
anAccredited Agent |
|
Workman’s
compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
2 |
|
Branches Names |
Country |
Province |
|
CAPE TOWN |
SOUTH AFRICA |
Western Cape |
|
DURBAN |
SOUTH AFRICA |
Kwazulu Natal |
|
Subsidiary
Companies |
None |
|
Number of
Employees |
150 |
|
1.
Salaried
employees |
75 |
|
2.
Waged
employees |
75 |
|
3.
Permanent
employees |
|
|
1.
Casual
employees |
|
|
2.
Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is
made up of |
8 |
|
|
|
|
1.
Cars |
|
|
|
|
|
2.
Light
/ Heavy Delivery Vehicles |
8 |
Owned |
Unknown |
Some still not
paid up |
|
3.
Trailers |
|
|
|
|
|
4.
Busses |
|
|
|
|
|
5.
Trucks |
|
|
|
|
|
6.
Fork
Lifts |
|
|
|
|
|
7.
Other |
|
|
|
|
Head OfficeOwned/
Rented |
Rented |
|
Rental Company |
ONEPROPNORTHRIDING (PTY) LTD- group company |
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
Ongoing |
|
Lease Expire
Date |
Ongoing |
|
Type of Premises |
Warehouse and office |
Branches Owned/
Rented |
Durban- rented |
|
Rental Company |
3rd party, name not available |
|
Lease Agreement |
|
|
Lease Expire
Date |
|
|
Type of Premises |
Showroom and office |
Branches Owned/
Rented |
Cape Town- rented |
|
Rental Company |
ONEPROPNORTHRIDING (PTY) LTD- group company |
|
Lease Agreement |
Ongoing |
|
Lease Expire
Date |
Ongoing |
|
Type of Premises |
Showroom and office |
Trade References
|
Supplier |
Contact |
|
1) HENNEWAYS |
011 8795400 F 011 4532213 |
|
2) SALL |
|
|
3) KING
OF TILES |
011 8234218 |
|
4) TFC-
TILE FLOOR CARE |
011 8226901 |
|
5) TAL
ADHESIVES |
011 3163133 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1) 3 years |
R1 800 000 |
R1 500 000 |
30 days |
R1 000 000- R1 500 000 |
30 days |
Good |
|
3) 2 years |
Unknown |
R200 000 |
30 days |
R200 000 |
30 days |
Good |
|
4) 2006 |
None |
R70 000 |
30 days |
R30 000- R70 000 |
45 days |
Average, need to
phone for payment |
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 |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Type: |
None |
Stand Number: |
|
|
Street Number: |
|
Street Name: |
|
|
Municipal Suburb: |
|
Municipal City: |
|
|
Township Name: |
|
Province: |
|
|
Deeds Office: |
|
Transfer ID: |
|
|
Title Deed Number: |
|
Purchase Date: |
|
|
Transfer Date: |
|
Erf Size: |
|
|
Sold Price: |
|
|
|
Bank Information
|
Bank |
ABSA ( Stopped using FNB many years ago) |
|
Branch |
RANDBURG |
|
Bank Account
Number |
01015920579 |
|
Type of Account |
Current |
|
Account Name |
MAZISTA TILES (PTY) LTD |
|
Overdraft
Facilities |
Yes , secured by shareholders and debtors book. |
|
Date Opened |
|
|
Bank Code |
We await a bank code. |
|
Bank Comment |
|
Bank CodesHistory
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
None |
|
|
|
|
|
|
Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Financial Information
|
CURRENT ASSETS |
Declined |
|
Stock |
|
|
Debtors |
|
|
Cash on Hand |
|
|
FIXED ASSETS |
Declined |
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
Declined |
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM
LIABILITIES |
Declined |
|
Morgage Bonds |
|
|
ANNUAL Turnover |
R100 000 000 |
|
Previous Year
Turnover |
|
|
Estimated
Current Year Turnover |
|
Principals
|
Number of
Principals |
5 |
|
Average Age of
Active Principals |
49 |
Active Principals
Principal 1 of 5
|
Surname |
PROCTOR |
|
First Names |
LESLIE |
|
ID Number |
6401100021082 |
|
Verified ID
Number |
Yes |
|
Current Age |
47 |
|
Designation |
Business Woman |
|
Status |
Active |
|
Appointment Date |
2009-01-01 |
|
Address (at time
of Appointment) |
409 Visvander Place Featherbrooke Estate MOGALE CITY Gauteng |
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 on record |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Property Interests of
Principle
|
Property Interest |
|||
|
Title Deed No. |
ST29381/2003 |
Erf/Site No. |
1394,1 |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
MARINE SCOTTBURGH UMZINTO NORTH |
|
Property Type |
Sectional Title/ Unit |
Extent / Size |
116.0SQM |
|
Purchase Date |
2003-03-24 |
Purchase price |
R469000 |
|
% Ownership |
0.0000 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
SB163052003 |
Bond Amount |
R469000 |
|
Property Interest |
|||
|
Title Deed No. |
T78285/2003 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
FEATHERBROOKE ESTATE KRUGERSDORP |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
864.0SQM |
|
Purchase Date |
2003-09-02 |
Purchase price |
R350000 |
|
% Ownership |
0.0000 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B561422003 |
Bond Amount |
R300000 |
Principal 2 of 5
|
Surname |
ZANATO |
|
First Names |
MELISSA |
|
ID Number |
7404010200084 |
|
Verified ID
Number |
Yes |
|
Current Age |
37 |
|
Designation |
Business Woman |
|
Status |
Active |
|
Appointment Date |
2006-01-03 |
|
Address (at time of
Appointment) |
323 Honeydew Road West SUNDOWNER Ext7 2196 |
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 on record |
|
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 3 of 5
|
Surname |
CLEGG |
|
First Names |
ALAN |
|
ID Number |
4807015107108 |
|
Verified ID
Number |
Yes |
|
Current Age |
63 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2003-08-26 |
|
Address (at time of
Appointment) |
19 Granite Road WITKOPPEN 2068 |
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 |
|
STONE LAND (PTY)
LTD |
1974/000135/07 |
Deregistration
Process |
0 |
No |
|
MAZISTA COTTA CC |
2002/102741/23 |
Deregistration
Process |
1 |
No |
|
COPPER SLATE
(PTY) LTD |
2006/019595/07 |
In Business |
0 |
No |
|
CONTINENTAL
STONE (PTY) LTD |
2006/033453/07 |
In Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
16 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
COUNTRY SLATE
(PTY) LTD |
1995/000860/07 |
In Business |
0 |
No |
|
RIVETPROPS 46
(PTY) LTD |
1995/009631/07 |
In Business |
0 |
No |
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 4 of 5
|
Surname |
BLAIR |
|
First Names |
RONALD |
|
ID Number |
5405125030086 |
|
Verified ID
Number |
Yes |
|
Current Age |
57 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2003-08-26 |
|
Address (at time
of Appointment) |
3 Alfred Road RONDEBOSCH Cape Town 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 |
|
STONE LAND (PTY)
LTD |
1974/000135/07 |
Deregistration
Process |
0 |
No |
|
MAZISTA COTTA CC |
2002/102741/23 |
Deregistration
Process |
1 |
No |
|
COPPER SLATE
(PTY) LTD |
2006/019595/07 |
In Business |
0 |
No |
|
CONTINENTAL
STONE (PTY) LTD |
2006/033453/07 |
In Business |
0 |
No |
|
MEZIVAT TILES
(PTY) LTD |
1979/000162/07 |
Deregistration
Process |
0 |
No |
|
BRONITA
PROPERTIES (PTY) LTD |
1989/005838/07 |
In Business |
0 |
No |
|
THE SLATE HAVEN
CC |
1991/024331/23 |
Deregistration
Process |
0 |
No |
|
HARRILL SEA
FOODS (PTY) LTD |
1996/016062/07 |
Deregistration
Process |
0 |
No |
|
ONEPROPNORTHRIDING
(PTY) LTD |
1997/011463/07 |
In Business |
0 |
No |
|
SANDY CABIN
(PTY) LTD |
1998/011917/07 |
Deregistration
Process |
0 |
No |
|
CROSS CUT CC |
2002/068943/23 |
In Business |
0 |
No |
|
MAZISTA CAPE (PTY)
LTD |
2003/015646/07 |
In Business |
0 |
No |
|
RIVERBED STONE
(PTY) LTD |
2004/024085/07 |
Deregistration
Process |
0 |
No |
|
BEAURIVAGE
MINERAL CORPORATION (PTY) LTD |
2006/000442/07 |
In Business |
0 |
No |
|
OPAL RUBY
HOLDINGS 16 (PTY) LTD |
2010/017776/07 |
In Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
19 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
COUNTRY SLATE
(PTY) LTD |
1995/000860/07 |
In Business |
0 |
No |
|
RIVETPROPS 46
(PTY) LTD |
1995/009631/07 |
In Business |
0 |
No |
|
MAZISTA TRAVEL
SERVICES (PTY) LTD |
1989/002617/07 |
In Business |
0 |
No |
|
PERFORMANCE
ROOFING (PTY) LTD |
1998/010202/07 |
Deregistration
Final |
0 |
No |
|
SARINGA SLATE
(PTY) LTD |
1999/016400/07 |
In Business |
0 |
No |
|
BAMBOO ROCK 21
(PTY) LTD |
2004/011547/07 |
In Business |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
T27491/2009 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
3 ALFRED RONDEBOSCH SOUTHERN SUBURBS |
|
Property Type |
Freehold/Ervin |
Extent / Size |
892.0SQM |
|
Purchase Date |
2009-05-05 |
Purchase price |
R2800000 |
|
% Ownership |
0.0000 |
Bond Holder |
SOUTH AFRICAN HOME LOANS |
|
Bond Number |
B158832009 |
Bond Amount |
R2800000 |
|
Property Interest |
|||
|
Title Deed No. |
ST 26870/2004 |
Erf/Site No. |
133,4 |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
48 OCEAN SHAKAS ROCK DOLPHIN COAST BALLITO |
|
Property Type |
Sectional Title/ Unit |
Extent / Size |
145.0SQM |
|
Purchase Date |
2004-02-09 |
Purchase price |
R1400000 |
|
% Ownership |
0.0000 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
Sb230642004 |
Bond Amount |
R1300000 |
Principal 5 of 5
|
Surname |
TULLEY |
|
First Names |
MICHAEL JAMES |
|
ID Number |
7010175104084 |
|
Verified ID
Number |
Yes |
|
Current Age |
41 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2003-08-26 |
|
Address (at time
of Appointment) |
3 Leo Street SUNDOWNER 2162 |
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 |
|
STONE LAND (PTY)
LTD |
1974/000135/07 |
Deregistration
Process |
0 |
No |
|
MAZISTA COTTA CC |
2002/102741/23 |
Deregistration
Process |
1 |
No |
|
COPPER SLATE
(PTY) LTD |
2006/019595/07 |
In Business |
0 |
No |
|
CONTINENTAL
STONE (PTY) LTD |
2006/033453/07 |
In Business |
0 |
No |
|
MEZIVAT TILES
(PTY) LTD |
1979/000162/07 |
Deregistration
Process |
0 |
No |
|
BRONITA
PROPERTIES (PTY) LTD |
1989/005838/07 |
In Business |
0 |
No |
|
HARRIL SEA FOODS
(PTY) LTD |
1996/016062/07 |
Deregistration
Process |
0 |
No |
|
AMA CASA PROPS
118 (PTY) LTD |
2006/036283/07 |
In Business |
0 |
No |
|
ONEPROPNORTHRIDING
(PTY) LTD |
1997/011463/07 |
In Business |
0 |
No |
|
SANDY CABIN
(PTY) LTD |
1998/011917/07 |
Deregistration
Process |
0 |
No |
|
CROSS CUT CC |
2002/068943/23 |
In Business |
0 |
No |
|
MAZISTA CAPE
(PTY) LTD |
2003/015646/07 |
In Business |
0 |
No |
|
RIVERBED STONE
(PTY) LTD |
2004/024085/07 |
Deregistration
Process |
0 |
No |
|
BEAURIVAGE
MINERAL CORPORATION (PTY) LTD |
2006/000442/07 |
In Business |
0 |
No |
|
OPAL RUBY
HOLDINGS 16 (PTY) LTD |
2010/017776/07 |
In Business |
0 |
No |
|
MALLORY TRADE 43
(PTY) LTD |
2010/022138/07 |
In Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
16 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
COUNTRY SLATE
(PTY) LTD |
1995/000860/07 |
In Business |
0 |
No |
|
RIVETPROPS 46
(PTY) LTD |
1995/009631/07 |
In Business |
0 |
No |
|
MAZISTA TRAVEL
SERVICES (PTY) LTD |
1989/002617/07 |
In Business |
0 |
No |
|
PERFORMANCE
ROOFING (PTY) LTD |
1998/010202/07 |
Deregistration
Final |
0 |
No |
|
SARINGA SLATE
(PTY) LTD |
1999/016400/07 |
In Business |
0 |
No |
|
CAVITE
PROPERTIES CC |
1989/030056/23 |
Deregistration
process |
0 |
No |
|
BRYFAM CC |
1999/047724/23 |
Deregistration
Final |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
T91646/2003 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
MAROELADAL CITY OF JOHANNESBURG RURAL |
|
Property Type |
Freehold/Ervin |
Extent / Size |
964.0SQM |
|
Purchase Date |
2003-04-08 |
Purchase price |
R360000 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Property Interest |
|||
|
Title Deed No. |
ST 26870/2004 |
Erf/Site No. |
133,4 |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
48 OCEAN SHAKAS ROCK DOLPHIN COAST BALLITO |
|
Property Type |
Sectional Title/ Unit |
Extent / Size |
145.0SQM |
|
Purchase Date |
2004-02-09 |
Purchase price |
R1400000 |
|
% Ownership |
0.0000 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
SB230642004 |
Bond Amount |
R1300000 |
|
Property Interest |
|||
|
Title Deed No. |
T60199/2004 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
87 CROWN BIG BAY BLOUBERG |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
212.0SQM |
|
Purchase Date |
2003-12-19 |
Purchase price |
R393095 |
|
% Ownership |
0.0000 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B481462004 |
Bond Amount |
R935000 |
|
Property Interest |
|||
|
Title Deed No. |
T27888/2010 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
|
|
Property Type |
Freehold /Ervin |
Extent / Size |
1500.0SQM |
|
Purchase Date |
2010-06-24 |
Purchase price |
R1060000 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.38 |
|
UK Pound |
1 |
Rs.74.01 |
|
Euro |
1 |
Rs.64.48 |
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.