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MIRA
INFORM REPORT
|
Report Date : |
07.02.2012 |
IDENTIFICATION DETAILS
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Name : |
MAZAMBANE TRADING 253 (PTY) LTD |
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Registered Office : |
Covora Business Park, Unit 11 Jet Park, 157010 Covorard,
Strubenvale, Springs |
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Country : |
South Africa |
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Date of Incorporation : |
21.05.2009 |
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Com. Reg. No.: |
2009/010019/07 |
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Legal Form : |
Private company |
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Line of Business : |
Manufacturing Of Masterbatches |
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No. of Employees : |
19 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
$ 1 500 000 |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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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 – 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 |
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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 |
Company name
|
Subject Name |
MAZAMBANE TRADING 253 (PTY) LTD |
|
Country |
SOUTH AFRICA |
|
Requested Credit Limit |
$ 1 500 000 |
|
Enquiry Terms |
D/A |
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Account Review |
EVERY 6 MONTHS |
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Subject Contact person |
CORRIE LE ROUX |
Assessment
Total Credit Limit Exposure: R 100 000
This is a fairly new company.
Commitments are being met within terms with suppliers.
A bank code C was obtained for an amount R100 000.
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|
Your figure is considered too high.
Company Information
|
Registered Name |
MAZAMBANE TRADING 253 (PTY) LTD |
|
Trading as/ Division Name |
PIGMENTS & MASTERBATCHES ANTI SLIP ANTI BLOCK COLOURS COLOUR MASTERBATCHES ANTI STATIC UV ABSORBER FLAME RETARDANT |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
2009/010019/07 |
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Registration Date |
2009-05-21 |
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Date Commenced Trading |
2009-05-21 |
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Age of Business |
2 Years 8 Months |
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History of Business |
The Company was started in 1980. The Head office is in Johannesburg while they also have
offices based in Cape Town, Durban and East London |
|
History of Principals |
The owners father serves as the companies advisor due to
having been involved in the industry since 1973. |
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Shareholders and % holding |
100 % CORNELIS LE ROUX |
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Authorised Share Capital |
Unavailable |
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Issued Share Capital |
Unavailable |
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Status |
In Business |
|
Operations Assessment |
Manufacturing Of Masterbatches |
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Industry/ Customers |
Unavailable |
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Export |
None |
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Major Industry Code / SICC |
33599 |
|
Definition of Code |
Manufacture of other chemical
products |
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Head Office Physical Address |
Covora Business Park Unit 11 Jet Park 157010 COVORARD Strubenvale SPRINGS |
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Head Office Postal Address |
PO
Box 10635 STRUBBENVALE 1570 |
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Current Tel Number |
011 3972804 |
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Cell number |
082 4808689 |
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Current Fax Number |
086 6450524 |
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Current Email Address |
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|
Web Site Address |
Auditors Information
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Company Registered Name |
GRANT MADDOCK & CO |
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Trading Name |
Unavailable |
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Registration Number |
Unavailable |
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Physical Address |
7 Law Street Boksburg GAUTENG 1459 |
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Postal Address |
PO Box 1886 BOKSBURG 1460 |
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Contact Person |
Grant |
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Contact Number |
082 820 9515 - 011 9186461 |
The client will be moving auditors – Please find the information
for the new auditors below
|
Company Registered Name |
GM ENGELBRECHT & ASSOCIATES |
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Trading Name |
Unavailable |
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Registration Number |
Unavailable |
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Physical Address |
Unavailable |
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Postal Address |
Unavailable |
|
Contact Person |
GARY ENGELBRECHT |
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Contact Number |
011 7409869 |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
HEWITT
VAN DER WALT |
Unavailable |
Unknown |
Tax Information
|
Vat Number |
4500254794 |
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Status |
Active |
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Vat Liable Date |
2009-09-01 |
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Tax Number |
9078782175 |
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Tax Clearance Expire Date |
February |
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Financial Year End |
February |
Black Economic Empowerment
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Status |
None – Client is not
registered |
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Score |
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|
Expire Date |
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BEE Certificate Available |
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ISO Status
|
Type of ISO Grade |
Not Registered |
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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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Workman’s compensation
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Registered |
Yes |
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Compliance Certified |
Unavailable |
Company Structure
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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Subsidiary Company |
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Shareholding |
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Registration Number |
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Import / Export |
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Number
of Employees |
19 |
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1. Salaried employees |
6 |
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2. Waged employees |
13 |
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3. Permanent employees |
19 |
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1. Casual employees |
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2. Contracted employees |
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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. Cars |
1 |
Leased |
Total Value |
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2. Light Delivery Vehicles |
3 |
Leased |
Just under R 1 000 000 |
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3. Trailers |
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4. Busses |
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5. Trucks |
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6. Fork Lifts |
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7. Other |
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Offices |
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Head Office Owned/ Rented |
Rented |
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Rental Company |
JHA |
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Owned by |
Unavailable |
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Value |
R 2 500 000 |
|
Bond |
Unavailable |
|
Bank |
Unavailable |
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Lease Agreement |
Unavailable |
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Lease Expire Date |
End Of February – Signed a new 3 Year lease |
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Type of Premises |
Factories |
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Branches Names |
Country |
Province |
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MAZAMBANE
TRADING 253 (PTY) LTD |
South
Africa |
Kwazulu
Natal |
|
MAZAMBANE
TRADING 253 (PTY) LTD |
South
Africa |
Western
Cape |
Branches Owned/ Rented |
Rented |
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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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Management Overview
Organisation
chart
|
Level |
Position |
Name |
|
1 |
Owner |
CORNELIS LE ROUX |
Company Structure
(Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
|
100 % CORNELIS LE ROUX |
MAZAMBANE
TRADING 253 (PTY) LTD |
None |
Trade References
Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
|
Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
AFRITEK |
Basil 072
0931762 |
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2
|
SASOL
POLOMUS |
Rebecca 011
2552700 |
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3 |
PRESENT
CHEMICALS |
Carl 011
7888145 |
None |
None |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
1 Year 6 Months |
Max |
R 60
000 |
30
Days |
R 60
000 |
30
Days |
Very
Good Payers always pay within terms. |
|
2 |
Unavailable |
Unavailable |
Unavailable |
30
Days |
Unavailable |
30
Days |
Do
not give trade references. The client is an excellent payer. |
|
3 |
2 Years |
R
100 000 |
R
65 000 |
30
Days |
R
65 000 |
30
Days |
Good
Payers |
Adverse Information on Subject
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil
Court |
None |
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RDs |
None |
Judgements
|
Case
Number |
No information on record |
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Amount |
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Reason |
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Court
Name |
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Judgement
Type |
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Judgement
Date |
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Plaintiff
(Multiple) |
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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 Information
|
Bank |
Nedbank |
|
Branch |
Springs |
|
Bank Account Number |
1907496726 |
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Type of Account |
Cheque |
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Account Name |
MAZAMBANE TRADING 253 (PTY)LTD |
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Overdraft Facilities |
Unavailable |
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Date Opened |
2009 |
|
Bank Code |
C |
|
Bank Comment |
The subject’s bankers consider them as equal to their
normal business engagements. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
Unavailable |
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Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
Unavailable |
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Deeds Information
Property
Interestsfor Company
|
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 |
|
Purchase price |
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|
%
Ownership |
|
Bond Holder |
|
|
Bond
Number |
|
Bond Amount |
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Financial Information
Financial Estimates
|
CURRENT ASSETS |
Unavailable |
|
Stock |
R 1 000 000 |
|
Debtors |
R 5 800 000 |
|
FIXED ASSETS |
R 572 000 000 |
|
Plant, Equipment, Vehicles |
Unavailable |
|
Property |
Unavailable |
|
CURRENT LIABILITIES |
R 1 518 000 |
|
Creditors |
R 2 800 000 |
|
Loans/ From? |
Unavailable |
|
LONG TERM LIABILITIES |
Unavailable |
|
Morgage Bonds |
Unavailable |
|
Previous Year Turnover |
R 19 000 000 |
|
Estimated Current Year Turnover |
R 24 000 000 |
|
Current Turnover per month |
R 2 000 000 |
|
Current Turnover per annum |
R 22 600 000 |
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 |
1 |
|
Average Age of Active Principals |
35 |
Active Principals
Principal
1 of 1: CORNELIS LE ROUX
|
Surname |
LE ROUX |
|
First Name |
CORNELIS |
|
Other Names |
Unavailable |
|
Marital Status |
Divorced |
|
ID Number |
7708285087087 |
|
Verified ID Number |
Yes |
|
Current Age |
35 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009-06-10 |
|
Physical Address (at time of
Appointment) |
712 Orchalese Road Elarduspark PRETORIA 0047 |
|
Postal Address |
PO Box 10655 STRUBENVALE 1549 |
|
Current Tel Number |
011 8113931 |
|
Cell number |
082 6111160 |
|
Current Fax Number |
086 6472959 |
|
Current Email Address |
|
|
Shareholding |
100.0000 |
Adverse Information for:
CORNELIS LE ROUX
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for:
CORNELIS LE ROUX
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
MAZAMBANE TRADING 253 (PTY) LTD |
2009/010019/07 |
In Business |
2
Years 8 Months |
0 |
No |
|
VALOBEX 167 CC |
2011/052454/23 |
In
Business |
9
Months |
0 |
No |
|
VALOBEX 168 CC |
2011/052456/23 |
In
Business |
9
Months |
0 |
No |
|
VALOBEX 169 CC |
2001/052460/23 |
In
Business |
9
Months |
0 |
No |
|
VALOBEX 170 CC |
B2011/052458/23 |
In
Business |
9
Months |
0 |
No |
Previous
Business Interests
|
Average
Age of Previous Business Interests |
Unavailable |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
Unavailable |
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Deeds Information
Property
Interests for: CORNELIS LE ROUX
|
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.48.67 |
|
|
1 |
Rs.76.75 |
|
Euro |
1 |
Rs.63.56 |
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.