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Report Date : |
07.12.2012 |
IDENTIFICATION DETAILS
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Name : |
ISD INTERNATIONAL SALES AND MARKETING
(PTY)LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28.08.1998 |
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Com. Reg. No.: |
M1998/017087/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesaler of Lighting source and fittings and electrical accessories |
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No. of Employees : |
Not
Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
South Africa - ECONOMIC OVERVIEW
south Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. State power supplier Eskom encountered problems with aging plants and meeting electricity demand necessitating "load-shedding" cuts in 2007 and 2008 to residents and businesses in the major cities. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing growing pressure from special interest groups to use state-owned enterprises to deliver basic services to low-income areas and to increase job growth.
|
Source : CIA |
|
Subject Name |
ISD INTERNATIONAL SALES AND AAARKETING (PTY)LTD |
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Country |
South Africa |
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Subject Contact Person |
ADELE - FINANCIAL MANAGER |
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Assessment |
This is an established business. On investigation we made contact with the subject and we were referred to the financial manager MRS. ADELE who requested that we send her the questionnaire. On further investigation MRS. ADELE requested more time to complete the questionnaire. We await further information for the subject. Please see the available information on the subject below. |
|
Registered Name |
ISD INTERNATIONAL SALES AND MARKETING (PTY)LTD |
|
Registration Number |
M1998/017087/07 |
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Registration Date |
1998/08/28 |
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Date Commenced Trading |
1998-08-28 |
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Age of Business |
14 Years 4 Months |
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History of Business |
The company started as a new business in 1998 |
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History of Principals |
There is currently 1 active director within the subject. |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members Contribution |
R0.00 |
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Status |
In Business |
|
Operations Assessment |
Wholesale of Lighting source and fittings
and electrical accessories. |
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Industry/ Customers |
Corporate companies |
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Major Industry Code / SICC |
61901 |
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Definition of Code |
GENERAL WHOLESALE TRADE |
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Head Office Physical Address |
9 Lowestoft Street, PAARDEN EILAND, CAPE TOWN |
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Head Office Postal Address |
PO BOX 363, PAARDEN EILAND, 7420 |
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Current Tel Number |
0215103473 |
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Current Fax Number |
0215105692 |
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Current Email Address |
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Company Registered Name |
M D ACCOUNTANTS AND AUDITORS INCORPORATED |
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Registration Number |
M1997/000672/21 |
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Physical Address |
MD House Greenford Office Estate, Off Punter's Way Kenilworth, 7708,
CAPE TOWN |
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Postal Address |
Box 36095, Glosderry, 7702, Cape Town, South Africa |
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Contact Person |
ALEXIS |
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Contact Number |
0216834834 |
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Email |
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Principals |
2 |
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Subject Verified as Client |
Yes |
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Practice Number |
958174 |
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VAT Number |
4140163272 |
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Tax Number |
9610248842 |
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BEE Status |
Level 1 |
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Financial Year End |
December |
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No of years in Business |
13 |
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Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
ND ACCOUNTANTS
AND AUDITORS INC |
|
13 |
|
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Vat Number |
4060178771 |
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Status |
ACTIVE |
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Vat Liable Date |
1998/12/21 |
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Tax Number |
9795021642 |
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Financial Year End |
June |
Black Economic
Empowerment Information - No Information on Record
ISO Information - No
Information on Record
Work Mans Information
- No Information on Record
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
Business Rescue - No Information on Record
Judgements - 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 |
1 |
|
Average Age of Active Principals |
55 |
Active Principals Principal - 1of 1 JOHN BUTLER
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Surname |
BUTLER |
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First Name |
JOHN |
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Other Names |
None |
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Marital Status |
Single |
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ID Number |
5705025134080 |
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Verified ID Number |
Yes |
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Current Age |
55 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
1999/02/12 |
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Physical Address (at time of Appointment) |
33 LOCH ROAD, RONDEBOSCH, 7700 |
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Postal Address |
33 LOCH ROAD, RONDEBOSCH, 7700 |
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Current Tel Number |
0215103473 |
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Cell number |
0828811197 |
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Shareholding/Membership |
0.0000 |
Principal's Adverse
- No information on record
Business Information
for JOHN BUTLER
Principal Current
Business Interests
|
Company Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
CAPE SALES AND MERCHANDISE CC |
B1986/000264/23 |
In Business |
26 Years 2 Months |
0 |
No |
|
|
ISD INTERNATIONAL SALES AND MARKETING (PTY) LTD |
M1998/017087/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
Principal Previous
Business Interests
Average Age of
Previous Business 19
Years
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CAPE APPLIANCE AND ELECTRICAL CC |
B1991/030506/23 |
Deregistration Final |
21 Years 9 Months |
0 |
No |
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CAPE SALES AND MERCHANDISING CC |
B1992/026225/23 |
Deregistration Final |
20 Years 8 Months |
0 |
No |
|
|
SWITCH KING
ELECTRICAL INDUSTRIES (WESTERN CAPE) (PTY)LTD |
M1995/007446/07 |
Voluntary Liquidation |
17 Years 5 Months |
0 |
Yes |
|
Principal's Deeds Information
- No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.47 |
|
UK Pound |
1 |
Rs.87.63 |
|
Euro |
1 |
Rs.71.12 |
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 |
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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 |
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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.