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Report Date : |
07.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
HALOGEN INTERNATIONAL (PTY) LTD |
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Registered Office : |
8 Desmond Road, Kramerville, Johannesburg, Gauteng |
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Country : |
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Date of Incorporation : |
18.05.1967 |
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Com. Reg. No.: |
M1967/005239/07 |
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Legal Form : |
Private Limited |
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Line of Business : |
Distributor of fabrics and wall coverings – Interior
decorating |
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No. of Employees : |
22 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Exists |
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
A2 |
A2 |
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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 |
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Subject Name |
HALOGEN
INTERNATIONAL (PTY) LTD |
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Country |
SOUTH
AFRICA |
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Requested Credit Limit |
$
15 000 000 |
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Enquiry Terms |
D/A |
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Account Review |
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Subject Contact person |
GAIL
BUTLER - Director |
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Assessment |
On investigation
we made contact with GAIL BUTLER the director who confirmed the information
on the subject. We
were unable to obtain trade references on the subject as the majority of
products are imported and distributed locally and exported. The
export of products is project dependant. We
await a bank code. It
should be noted that the subject has a judgement against its name. We
were unable to obtain the financials as the subject found this to be
sensitive and confidential. Please
see the available information on the subject below. |
|
Registered Name |
HALOGEN INTERNATIONAL (PTY) LTD |
|
Trading as/ Division Name |
None |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
M1967/005239/07 |
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Registration Date |
1967-05-18 |
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Date Commenced Trading |
1967-05-18 |
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Age of Business |
44 Years 11 Months |
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History of Business |
Unavailable |
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History of Principals |
There are 2 principals with a history in fashion and textiles. GAIL BUTLER DIANE CACHE |
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Shareholders and %
holding |
Declined |
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Authorised Share Capital |
Declined |
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Issued Share Capital |
Declined |
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Status |
In Business |
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Operations Assessment |
Distributor of fabrics and wall coverings – Interior decorating |
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Industry/ Customers |
Contractors Specifiers Architects Retail Shops |
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Export |
Yes Zambia Seychelles Australia UK Project Dependent |
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Major Industry Code / SICC |
31120 |
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Definition of Code |
Finishing of purchased yarns and fabrics |
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Head Office Physical Address |
8 Desmond Road KRAMERVILLE JOHANNESBURG GAUTENG |
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Head Office Postal Address |
PO Box 52599 SAXONWOLD 2132 |
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Current Tel Number |
011 4482060 |
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Cell number |
None |
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Current Fax Number |
011 4482065 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
GENISIS CHARTERED ACCOUNTANTS (Partnership) |
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Trading Name |
None |
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Registration Number |
Unavailable |
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Physical Address |
8 Sunpark 178 Smith Street FAIRLANDS |
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Postal Address |
PO Box 73503 FAIRLAND 2030 |
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Contact Person |
Estelle |
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Contact Number |
011 4767840 |
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Email |
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Principals |
2 |
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Judgements Against Subject |
Unavailable |
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Judgements Against Principals |
Unavailable |
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Subject Verified as Client |
Yes |
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SAICA number |
950386 |
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VAT Number |
4600216172 |
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Tax Number |
None |
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BEE Status |
None |
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Financial Year End |
February |
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Years With Auditors |
6 |
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Website |
None |
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Company Name |
Phone Number |
Time with previous auditors |
|
AJ DE
BEER AND CO |
Unavailable |
7 Years |
|
COETSER
CRADDOCK AND COMPANY |
Unavailable |
19 Years |
|
ONTBREEEK |
Unavailable |
19 Years |
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Vat Number |
4740118254 |
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Status |
Active |
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Vat Liable Date |
1991-09-30 |
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Tax Number |
9150621689 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
February |
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Status |
None |
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Score |
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|
Expire Date |
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BEE Certificate Available |
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Type of ISO Grade |
None |
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ISO Certificate |
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ISO Certificate Available |
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Certified by an Accredited Agent |
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Registered |
Yes |
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Compliance Certified |
Yes |
Subsidiaries
|
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 |
22 |
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1. Salaried employees |
22 |
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 |
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1. Light Delivery Vehicles |
1 |
Owned |
Declined |
Declined |
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Offices |
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Head Office Owned/ Rented |
Rented |
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Type of Premises |
Store and Store Rooms |
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Branches Names |
Country |
Province |
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HALOGEN
(CAPE TOWN) (PTY) LTD |
SOUTH
AFRICA |
WESTERN
CAPE |
Branches Owned/ Rented |
Declined |
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Rental Company |
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Owned |
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Value |
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Bank |
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Bond |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Level |
Position |
Name |
|
1 |
Director |
GAIL BUTLER |
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2 |
Director |
DIANE
CACHE |
Note: One level up and all levels down
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Holding |
Company |
Sub |
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Declined |
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Company |
Value |
Contact |
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Declined |
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Trade References Detail
The subject mainly imports its products; as such the subject is unable
to provide local Trade References.
Judgements
|
Judgements |
1 |
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Possible
Judgements |
None |
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Civil
Court |
None |
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RDs |
None |
Judgements
|
Case
Number |
34688/2008 |
|
Amount |
R 145 216,00 |
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Reason |
SERVICES RENDERED |
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Court
Name |
JOHANNESBURG HIGH COURT |
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Judgement
Type |
JUDGEMENT BY DEFAULT |
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Judgement
Date |
2009-01-16 |
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Plaintiff
(Multiple) |
UTI SOUTH AFRICA (PTY) LTD |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
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Default Listings
|
Date |
Details |
|
None |
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Notarial Bonds
|
Date |
Details |
|
None |
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Bank |
Standard Bank |
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Branch |
Rosebank |
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Bank Account Number |
002016443 |
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Type of Account |
Current |
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Account Name |
HALOGEN INTERNATIONAL (PTY) LTD |
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Overdraft Facilities |
Yes |
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Date Opened |
Unavailable |
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Bank Code |
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|
Bank Comment |
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Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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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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Property
Interests for Company
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Title
Deed No. |
None |
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 |
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Purchase price |
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%
Ownership |
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Bond Holder |
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|
Bond
Number |
|
Bond Amount |
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Financial Estimates
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CURRENT ASSETS |
Declined |
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Stock |
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Debtors |
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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? |
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LONG TERM LIABILITIES |
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Morgage Bonds |
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Previous Year Turnover |
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Estimated Current Year Turnover |
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Current Turnover per month |
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Current Turnover per annum |
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Please note the following:
|
Turnover and assets less than R
1,000,000.00 |
The subject falls within the National Credit Act |
|
Turnover and assets less than R
2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
|
Number of Principals |
2 |
|
Average Age of Active Principals |
51 |
Active Principals
Principal
1 of 2: GAIL BUTLER
|
Surname |
BUTLER |
|
First Name |
GAIL |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
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ID Number |
7903280134089 |
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Verified ID Number |
Yes |
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Current Age |
33 |
|
Designation |
General Manager |
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Status |
Active |
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Appointment Date |
2011-02-16 |
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Physical Address (at time of
Appointment) |
37 Kloullen Estate Witney Road BRYANSTAN 2021 |
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Postal Address |
37 Kloullen Estate Witney Road BRYANSTAN 2021 |
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Current Tel Number |
011 4482060 |
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Cell number |
073 5567501 |
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Current Fax Number |
011 4482060 |
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Current Email Address |
|
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Shareholding |
0.0000 |
Adverse Information for: GAIL
BUTLER
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for: GAIL
BUTLER
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
HALOGEN INTERNATIONAL (PTY) LTD |
M1967/005239/07 |
In
Business |
44
Years 11 Months |
1 |
No |
Previous
Business Interests
|
Average
Age of Previous Business Interests |
None |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
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Deeds Information
Property
Interests for: GAIL BUTLER
|
Title
Deed No. |
ST8586/2007 |
Erf/Site No. |
10 |
|
Deeds
Office |
PRETORIA |
Physical Address |
59 Witney
COUNTRY LIFE PARK SANDTON |
|
Property
Type |
Sectional Title / Unit |
Extent / Size |
86.0SQM |
|
Purchase
Date |
2006-11-17 |
Purchase price |
R
810 000,00 |
|
%
Ownership |
0.0000 |
Bond Holder |
STANDARD
BANK OF SOUTH AFRICA LTD |
|
Bond
Number |
SB107992007 |
Bond Amount |
R
660 000,00 |
Principal
2 of 2: DIANE LION-CACHET
|
Surname |
LIO-CACHET |
|
First Name |
DIANE |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
4208080085009 |
|
Verified ID Number |
Yes |
|
Current Age |
70 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1976-11-06 |
|
Physical Address (at time of
Appointment) |
35 Rosebank Road DUNKELD 2196 |
|
Postal Address |
PO Box 52599 SAXONWOLD 2132 |
|
Current Tel Number |
011 4482060 |
|
Cell number |
082 4151538 |
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Current Fax Number |
011 4482060 |
|
Current Email Address |
|
|
Shareholding |
0.0000 |
Adverse Information for:
DIANE LION-CACHET
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for:
DIANE LION-CACHET
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
HALOGEN HOUSE (PTY) LTD |
1982/010121/07 |
In
Business |
29
Years 5 Months |
0 |
No |
|
CHINA ROSE CC |
1991/032747/23 |
Conversion
CO/CC or CC/CO |
20
Years 4 Months |
0 |
No |
|
GARDENS HOUSE (PTY) LTD |
2001/023923/07 |
In
Business |
10 Years
6 Months |
0 |
No |
|
HALOGEN INTERNATIONAL (PTY) LTD |
M1967/005239/07 |
In
Business |
44
Years 11 Months |
1 |
No |
Previous
Business Interests
|
Average
Age of Previous Business Interests |
None |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property
Interests for: DIANE LION-CACHET
|
Title
Deed No. |
None |
Erf/Site No. |
|
|
Deeds
Office |
|
Physical Address |
|
|
Property
Type |
|
Extent / Size |
|
|
Purchase
Date |
|
Purchase price |
|
|
%
Ownership |
|
Bond Holder |
|
|
Bond
Number |
|
Bond Amount |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.04 |
|
|
1 |
Rs.81.08 |
|
Euro |
1 |
Rs.67.39 |
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.