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Report Date : |
21.08.2012 |
IDENTIFICATION DETAILS
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Name : |
BUY MORE WHOLESALERS (PTY) LTD |
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Formerly Known As : |
C AND MA SHELF 123 |
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Registered Office : |
Suite 1, Norwood Place, Corner Grant And Nellie, Norwood, Johannesburg |
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Country : |
South Africa |
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Date of Incorporation : |
22.06.2005 |
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Com. Reg. No.: |
M2005/021808/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesaler of Non-Food Products such as Stainless Steel Products,
Plasticware, Underplates, Melamine, Hardware, Crockery |
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No. of Employees : |
Not
Available |
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 : |
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
|
Subject Name |
BUY MORE WHOLESALERS (PTY) LTD |
|
Country |
South Africa |
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Subject Contact Person |
STAN - FINANCIAL MANAGER |
|
Assessment |
On investigation we made contact with STAN
the financial manager for the subject who declined to assist with any
information for the subject. This appears to be an established business
dating back to 2005. Please see the available information for the subject
below. |
|
Registered Name |
BUY MORE WHOLESALERS (PTY)LTD |
|
Trading as/ Division Name |
BUY MORE |
|
Previous Name |
C AND MA SHELF 123 |
|
Date of Name Change |
Nov 5 2009 12:00AM |
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Registration Number |
M2005/021808/07 |
|
Registration Date |
2005/06/22 |
|
Date Commenced Trading |
2005-06-22 |
|
Age of Business |
7 Years 2 Months |
|
History of Business |
THE SUBJECT IS A SOUTH AFRICAN BASED WHOLESALER OF NON-FOOD PRODUCTS |
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Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
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Status |
In Business |
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Operations Assessment |
WHOLESALER OF NON-FOOD PRODUCTS SUCH AS :
STAINLESS STEEL PRODUCTS, PLASTICWARE, UNDERPLATES, MELAMINE, HARDWARE,
CROCKERY, |
|
Industry/ Customers |
GENERAL PUBLIC |
|
Major Industry Code / SICC |
61901 |
|
Definition of Code |
General wholesale trade |
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Head Office Physical Address |
SUITE 1, NORWOOD PLACE, CORNER GRANT AND NELLIE, NORWOOD, JOHANNESBURG |
|
Head Office Postal Address |
PO BOX 46215, ORANGE GROVE, 2192 |
|
Current Tel Number |
0114830082 |
|
Current Fax Number |
0114830189 |
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Company
Registered Name |
ROY
LOMNITZ |
|
Postal
Address |
P
0 BOX 53142, TROYEVILLE, 2139 |
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Practice
Number |
935719E |
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No
of years in Business |
1 |
Previous
Auditors
|
Company
Name |
Phone Number |
Time
with previous auditors |
Comment |
|
LE SNOYAAAN |
|
Unknown |
|
|
Vat
Number |
4790254744 |
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Status |
ACTIVE |
|
Vat
Liable Date |
2010/01/01 |
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Tax
Number |
9304005169 |
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Financial
Year End |
February |
Black Economic
Empowerment Information - No Information on Record
ISO Information - No
Information on Record
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Subsidiaries
Information - No Information on Record
Employees Information
- No Information on Record
Company Fleet
Information - No Information on Record
Offices
Information- No Information on Record
Branch
Information- No Information on Record
Organisational Chart
- No Information on Record
Company Structure
Information - No Information on Record
Note: One level up and all levels down
Key Deals - No Information on Record
Trade References
Information - No Information on Record
Adverse Information on Subject
Judgements - No
information on record
BusinessRescue - No
Information on Record
Default Listing - No
information on record
Notarial Bonds - No
information on record
Bank Information - No
Information on Record
Bank Code History -
No Information on Record
Previous Bank Account
Information - No Information on Record
Deeds Information -
No information on record
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
43 |
|
Active
Principals Principal - 1of 3 JONATHAN KATZ |
|
|
Surname |
KATZ |
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First
Name |
JONATHAN |
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ID
Number |
6004195055088 |
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Verified
ID Number |
Yes |
|
Current
Age |
52 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2009/11/27 |
|
Physical
Address (at
time of Appointment) |
111
HAZELWOOD, GEORGE AVENUE, GLENHAZEL, 2192 |
|
Postal
Address |
PO
BOX 79386, SENDERWOOD, 2145 |
|
Current
Tel Number |
0114408561 |
|
Cell
number |
0837757970 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business
Information for JONATHAN KATZ
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BRANDJON IMPORTS
CC |
B2009/177639/23 |
In Business |
2 Years 11 Months |
0 |
No |
|
|
BUY MORE
WHOLESALERS (PTY) LTD |
M2005/021808/07 |
In Business |
7 Years 2 Months |
0 |
No |
|
Principal Previous
Business Interests
Average Age of
Previous Business 12 years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ELEPHANTE IMPORT
AND EXPORT (PTY) LTD |
1991/006044/07 |
In
Business |
20 Years 10 Months |
0 |
No |
|
|
KTR INDO GLASS S
A (PTY) LTD |
1996/007955/07 |
Deregistration
Final |
16
Years 2 Months |
0 |
No |
|
|
CONSOLIDATED
IMPORTERS AND EXPORTERS (PTY)LTD |
1997/020655/07 |
Deregistration
Final |
14
Years 8 Months |
0 |
No |
|
|
ERF 1157
MORNINGSIDE (PTY) LTD |
1998/003656/07 |
In
Business |
14
Years 6 Months |
0 |
No |
|
|
VALUE
SPECIALISED LOGISTICS (PTY)LTD |
1998/023104/07 |
In
Business |
13
Years 9 Months |
0 |
No |
|
|
ONE
PRICE STORES WAREHOUSE (PTY)LTD |
1999/016433/07 |
Deregistration
Final |
13
Years 1 Months |
0 |
No |
|
|
BLACK
GINGER 313 (PTY) LTD |
2005/023299/07 |
Deregistration
Final |
7
Years 2 Months |
0 |
No |
|
|
COLORAMICS STUDIO CC |
2006/103221/23 |
Voluntary Liquidation |
6
Years 2 Months |
0 |
Yes |
|
Principal's Deeds
Information - No information on record
Principal
- 2of 3 RAMANATHAN CHINSAMY
|
Surname |
CHINSAMY |
|
First
Name |
RAMANATHAN |
|
ID
Number |
6002175134089 |
|
Verified
ID Number |
Yes |
|
Current
Age |
52 |
|
Designation |
ACCOUNTANT |
|
Status |
Active |
|
Appointment
Date |
2009/11/27 |
|
Physical
Address (at time of Appointment) |
45
TECOMA PLACE, COUNTRYVIEW, MIDRAND, 1685 |
|
Postal
Address |
P.O.
BOX 7515, HALFWAY HOUSE, 1685 |
|
Current
Tel Number |
0113374030 |
|
Cell
number |
0836516018 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business
Information for RAMANATHAN CHINSAMY
Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
RAMRUB COMMODITY
BROKERS CC |
B2011/092432/23 |
In Business |
1 Years 2 Months |
0 |
No |
|
|
BUY MORE
WHOLESALERS (PTY) LTD |
M2005/021808/07 |
In Business |
7 Years 2 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 48
years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
WESA
(PTY)LTD |
1964/000951/07 |
In Business |
48 Years 6 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
|
Principal - 3 of 3
BRANDON KATZ |
|
|
Surname |
KATZ |
|
First
Name |
BRANDON |
|
ID
Number |
8712285014082 |
|
Verified
ID Number |
Yes |
|
Current
Age |
25 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2009/11/27 |
|
Physical Address (at time of Appointment) |
111
HAZELWOOD, GEORGE AVENUE, GLENHAZEL, 2192 |
|
Postal
Address |
PO
BOX 79386, SENDERWOOD, 2145 |
|
Current
Tel Number |
0114830082 |
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business
Information for BRANDON KATZ
Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BRANDJON IMPORTS
CC |
B2009/177639/23 |
In Business |
2 Years 11 Months |
0 |
No |
|
|
BUY MORE
WHOLESALERS (PTY) LTD |
M2005/021808/07 |
In Business |
7 Years 2 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Average Age of Previous Business
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.