|
Report Date : |
07.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
MAZISTA |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
04.07.2003 |
|
|
|
|
Com. Reg. No.: |
M2003/015646/07 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Import and Distribution of Natural Tiles. |
|
|
|
|
No. of Employees : |
35 |
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 : |
No complaints |
|
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject Name |
MAZISTA
CAPE (PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
$
15 000 000 |
|
Enquiry Terms |
D/A |
|
Account Review |
|
|
Subject Contact person |
SHAHIEDA
PANDAY – BOOK KEEPER |
|
Assessment |
On
Investigation contact was made with SHAHIEDA PANDAY who confirmed the
subject’s information. This
appears to be a well established company as it is part of the MAZISTA group. We
were unable to obtain financials and banking information on the subject as
the company believed this information to be confidential. The
trade reference credit exposures appear low, we await further trade
references. Please
see available information on the subject below. |
|
Registered Name |
MAZISTA CAPE (PTY) LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M2003/015646/07 |
|
Registration Date |
2003-07-04 |
|
Date Commenced Trading |
2003-07-04 |
|
Age of Business |
8 Years 9 Months |
|
History of Business |
Mazista was established in 1927 and has become synonymous |
|
History of Principals |
Unavailable |
|
Shareholders and % holding |
Unavailable |
|
Authorised Share Capital |
1000 Ordinary Shares |
|
Issued Share Capital |
R 100 |
|
Status |
In Business |
|
Operations Assessment |
Import and Distribution of Natural Tiles. ·
Limestone ·
Granite ·
Marble ·
Porcelain ·
Quartzite ·
Sandstone ·
Slate ·
Terracotta ·
Travertine ·
Volcanic and Lava Rock ·
Vinyl ·
Ceramics |
|
Industry/ Customers |
Construction Industry – Client
dealings / Customers are considered confidential |
|
Export |
Australia New Zealand The Far East The Middle East Europe UK USA Canada |
|
Major Industry Code / SICC |
61901 |
|
Definition of Code |
General wholesale trade |
|
Head Office Physical Address |
26 Marine Drive Paardend Eiland CAPE TOWN 7460 WESTERN CAPE |
|
Head Office Postal Address |
PO
Box 496 Paarend
Eiland CAPE
TOWN 7460 |
|
Current Tel Number |
021 5116640 |
|
Cell number |
Unavailable |
|
Current Fax Number |
086 6068618 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
ANDERSON ROCHUSSEN VAN BIJL INCORPORATED |
|
Trading Name |
ARB |
|
Registration Number |
M1999/016240/21 |
|
Physical Address |
6 Glenhove Road Ext Melrose Estate SANDTON SOUTH AFRICA |
|
Postal Address |
PO Box 87583 HOUGHTON 2041 |
|
Contact Person |
Leon |
|
Contact Number |
011 8805966 |
|
Email |
|
|
Principals |
5 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
SAICA number |
Unavailable |
|
VAT Number |
4030185203 |
|
Tax Number |
9292444842 |
|
BEE Status |
Unavailable |
|
Financial Year End |
August |
|
Years With Auditors |
Unavailable |
|
Website |
None |
|
Company Name |
Phone Number |
Time with previous auditors |
|
Unavailable |
|
|
|
Vat Number |
4880218401 |
|
Status |
Active |
|
Vat Liable Date |
2005-01-01 |
|
Tax Number |
9526316154 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
February |
|
Status |
Unavailable |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Type of ISO Grade |
Declined |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited
Agent |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number
of Employees |
35 |
|
1. Salaried employees |
18 |
|
2. Waged employees |
17 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
4 |
|
|
|
|
The Fleet is made up of |
4
Vehicles |
|||
|
1. Light Delivery Vehicles |
2 |
Owned |
R
121 000 + |
Unavailable |
|
2. Trucks |
2 |
Owned |
R
844 000 |
Unavailable |
|
3. Fork Lifts |
2 |
Owned |
R
462 000 |
Unavailable |
|
Offices |
|
Head Office Owned/ Rented |
Owned |
|
Owned by |
MAZISTA (PTY) LTD |
|
Type of Premises |
Office Park |
|
Branches Names |
Country |
Province |
|
None |
|
|
Branches Owned/ Rented |
Unavailable |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
|
Level |
Position |
Name |
|
Unavailable |
|
|
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
|
Unavailable |
|
|
|
Company |
Value |
Contact |
|
Declined |
|
|
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
2
OCEANS CONSUMABLES |
JAAN 021
6857403 |
|
2
|
ADIAS |
021
5303540 021
6704700 |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
5 Years |
Open |
R
1500 |
30
Days |
R
1000 |
30
Days |
Good
Payers, no problems experienced with payments |
|
2 |
8 Years |
Unavailable |
Unavailable |
30
Days |
R
800 – R 1400 |
30
Days |
Excellent
Payers |
We
await further trade references.
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil
Court |
None |
|
RDs |
None |
Judgements
|
Case
Number |
No information on record |
|
Amount |
|
|
Reason |
|
|
Court
Name |
|
|
Judgement
Type |
|
|
Judgement
Date |
|
|
Plaintiff
(Multiple) |
|
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
|
Default Listings
|
Date |
Details |
|
None |
|
Notarial
Bonds
|
Date |
Details |
|
None |
|
|
Bank |
Standard Bank |
|
Branch |
Declined |
|
Bank Account Number |
|
|
Type of Account |
|
|
Account Name |
|
|
Overdraft Facilities |
|
|
Date Opened |
|
|
Bank Code |
|
|
Bank Comment |
|
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
None |
|
|
|
|
|
|
|
Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Property
Interests for Company
|
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 |
|
Financial Estimates
|
CURRENT ASSETS |
Declined |
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
|
|
Current Turnover per month |
|
|
Current Turnover per annum |
|
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 |
50 |
Active Principals
Principal
1 of 2: MICHEAL JAMES TULLY
|
Surname |
TULLY |
|
First Name |
MICHEAL |
|
Other Names |
JAMES |
|
Marital Status |
Unavailable |
|
ID Number |
7010175104084 |
|
Verified ID Number |
No |
|
Current Age |
42 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
Unavailable |
|
Physical Address (at time of
Appointment) |
3 Leo Street SUNDOWNER 2162 |
|
Postal Address |
PO Box 333 HONEYDEW 2040 |
|
Current Tel Number |
011 9982600 |
|
Cell number |
082 5680813 |
|
Current Fax Number |
086 6068618 |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: MICHEAL JAMES TULLY
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for:
MICHEAL JAMES TULLY
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
LETATAPROP 1 (PTY) LTD |
1949/032615/07 |
In
Business |
63
Years 2 Months |
0 |
No |
|
BRONITA PROPERTIES (PTY) LTD |
1989/005838/07 |
In Business |
22
Years 6 Months |
0 |
No |
|
ONEPROPNORTHRIDING (PTY) LTD |
1997/011463/07 |
In
Business |
14
Years 9 Months |
0 |
No |
|
CROSS CUT CC |
2002/068943/23 |
In
Business |
9
Years 8 Months |
1 |
No |
|
MAZISTA CAPE (PTY) LTD |
M2003/015646/07 |
In Business |
8
Years 9 Months |
0 |
No |
Previous
Business Interests
|
Average
Age of Previous Business Interests |
24 Years |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
STONE LAND (PTY) LTD |
1974/000135/07 |
Deregistration
Final |
38
Years 1 Month |
0 |
No |
|
MEZIVAT TILES (PTY) LTD |
1979/000162/07 |
Deregistration
Final |
33
Years 3 Months |
1 |
No |
|
CAVITE PROPERTIES CC |
1989/030056/23 |
Deregistration
Final |
22
Years 7 Months |
0 |
No |
|
RIVETPROPS 46 (PTY) LTD |
1995/009631/07 |
In
Business |
16
Years 7 Months |
0 |
No |
|
HARRIL SEA FOODS (PTY) LTD |
1996/016062/07 |
Deregistration
Final |
15
Years 5 Months |
0 |
No |
Deeds Information
Property
Interests for: MICHEAL JAMES TULLY
|
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 |
R
393 095,00 |
|
%
Ownership |
0.0000 |
Bond Holder |
ABSA
BANK LTD |
|
Bond
Number |
B481462004 |
Bond Amount |
R
935 000,00 |
|
Title
Deed No. |
ST6870/2004 |
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 |
R
1 400 000,00 |
|
%
Ownership |
0.0000 |
Bond Holder |
ABSA
BANK LTD |
|
Bond
Number |
SB230642004 |
Bond Amount |
R
1 300 000,00 |
|
Title
Deed No. |
T91646/2003 |
Erf/Site No. |
|
|
Deeds
Office |
PRETORIA |
Physical Address |
Fernbrook
Estate City
of Johannesburg |
|
Property
Type |
Freehold / Ervin |
Extent / Size |
964.0SQM |
|
Purchase
Date |
2003-04-08 |
Purchase price |
R
360 000,00 |
|
%
Ownership |
0.0000 |
Bond Holder |
|
|
Bond
Number |
|
Bond Amount |
R
0,00 |
|
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 |
R
1 060 000,00 |
|
%
Ownership |
0.0000 |
Bond Holder |
|
|
Bond
Number |
|
Bond Amount |
R
0,00 |
Principal
2 of 2: RONALD BLAIR
|
Surname |
BLAIR |
|
First Name |
RONALD |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
5405125030003 |
|
Verified ID Number |
Yes |
|
Current Age |
58 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
Unavailable |
|
Physical Address (at time of Appointment) |
No 3 Alfred Road RONDEBOSCH 7700 |
|
Postal Address |
PO Box 24033 CLAREMONT 7735 |
|
Current Tel Number |
021 5116640 |
|
Cell number |
082 5680813 |
|
Current Fax Number |
086 6068618 |
|
Current Email Address |
|
|
Shareholding |
0.0000 |
Adverse Information for:
RONALD BLAIR
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for:
RONALD BLAIR
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BRONTIA PROPERTIES (PTY) LTD |
1989/005838/07 |
In
Business |
22
Years 6 Months |
0 |
No |
|
ONEPROPNORTHRIDING (PTY) LTD |
1997/011463/07 |
In
Business |
14
Years 9 Months |
0 |
No |
|
CROSS CUT CC |
2002/068943/23 |
In
Business |
9
Years 8 Months |
1 |
No |
|
MAZISTA CAPE (PTY) LTD |
M2003/015646/07 |
In
Business |
8
Years 9 Months |
0 |
No |
|
COPPER SLATE (PTY) LTD |
2006/019595/07 |
In
Business |
5
Years 10 Months |
0 |
No |
Previous
Business Interests
|
Average
Age of Previous Business Interests |
21 Years |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
STONE LAND (PTY) LTD |
1974/000135/07 |
Deregistration
Final |
38 Years
1 Month |
0 |
No |
|
MEZIVAT TILES (PTY)LTD |
1979/000162/07 |
Deregistration
Final |
33
Years 3 Months |
1 |
No |
|
MAZISTA COTTA CC |
2002/102741/23 |
Deregistration
Final |
9
Years 4 Months |
1 |
No |
|
COUNTRY SLATE (PTY) LTD |
M1995/000860/07 |
In
Business |
17
Years 2 Months |
0 |
No |
|
RIVERBED STONE (PTY) LTD |
2004/024085/07 |
Deregistration
Final |
7
Years 8 Months |
0 |
No |
Deeds Information
Property
Interests for: RONALD BLAIR
|
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 |
|
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.