|
Report Date : |
28.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
EDGARS CONSOLIDATED STORES LTD |
|
|
|
|
Registered Office : |
1 Press Avenue Crown Mines Johannesburg |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
07.08.1946 |
|
|
|
|
Com. Reg. No.: |
M1946/022751/06 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Retailers of clothing shoes and
accessories. |
|
|
|
|
No. of Employees : |
43985 Including
Group |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
EDGARS
CONSOLIDATED STORES LTD |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
US$1 500
000 |
|
Enquiry Terms |
D/A |
|
Account Review |
EVERY
6 MONTHS |
|
Subject Contact person |
CHARLES
VIKISI |
|
Assessment |
This
is a large well-established and well-connected company that forms part of the
largest retail clothing group in South Africa. The
subject is the holding company for the retailers. In
view of its standing and relations the subject would be considered as equal
to its normal business engagements. Please
see financials attached. |
|
Registered Name |
EDGARS CONSOLIDATED STORES LTD |
|
Trading as |
EDCON |
|
Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
N/A |
|
Registration Number |
M1946/022751/06 |
|
Registration Date |
1946-08-07 |
|
Date Commenced Trading |
1946 |
|
Age of Business |
65 years 6 months |
|
History of Business |
The original Edgars store was first started in 1929. The company delisted
from the JSE in 2007. In 2004 the company acquired BOARDMANS stores totalling
25. |
|
Shareholders and % holding |
100% EDCON HOLDINGS LTD |
|
Authorised Share Capital |
Nominal |
|
Issued Share Capital |
|
|
Status |
This business is active |
|
Operations Assessment |
Retailers of clothing shoes and
accessories. |
|
Industry/ Customers |
Public |
|
Export |
Yes to other group stores |
|
Major Industry Code / SICC |
62321 62322 62323 |
|
Definition of Code |
Retailers of ladies ,mens, childrens clothing
and shoes. |
|
Head Office Physical Address |
1 Press Avenue CROWN MINES Johannesburg |
|
Head Office Postal Address |
PO BOX 100 CROWN MINES 2025 |
|
Current Tel Number |
011 4956000/ 6509 |
|
Current Fax Number |
086 6458407 |
|
Current Email Address |
cvikisi@edcon.co.za |
|
Web Site Address |
|
Company Registered Name |
ERNST AND YOUNG INC |
|
Trading Name |
None |
|
Registration Number |
2005/002308/21 |
|
Physical Address |
Wanderers Office Park 52 Corlett Drive ILLOVO Johannesburg |
|
Postal Address |
Private Bag X14 NORTHLANDS 2116 |
|
Contact Person |
JANE FITTON |
|
Contact Number |
011 7723000 |
|
Email |
Jane.fitton@za.ey.com |
|
Principals |
76 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
SAICA number |
9019447E |
|
VAT Number |
4280230949 |
|
Tax Number |
9414606153 |
|
BEE Status |
Yes BEE level unknown by the respondent |
|
Financial Year End |
June |
|
Years With Auditors |
Many |
|
Website |
www.ey.com |
|
Company Name |
Phone Number |
Time with previous auditors |
|
None |
|
|
|
Vat Number |
4460236773 |
|
Status |
Active |
|
Vat Liable Date |
Monthly |
|
Tax Number |
9250061711 |
|
Tax Clearance Expire Date |
March and August |
|
Financial Year End |
March |
|
Status |
Yes |
|
Score |
Level5 |
|
Expire Date |
July 2012 |
|
BEE Certificate Available |
Yes/No |
|
Type of ISO Grade |
Unknown |
|
ISO Certificate |
Yes/No |
|
ISO Certificate Available |
Yes/No |
|
Certified by an Accredited Agent |
Yes/No |
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
All the following are trading names of subsidiary companies of the
subject: EDGARS BORDMANS RED SQUARE TEMPTATIONS PRATO EDGARS ACTIVE CNA JET JET MART LEGIT DISCOM JET SHOES JET HOME |
|
Shareholding |
100% EDGARS CONSOLIDATED STORES (PTY) LTD |
|
Number of
Employees |
Group 43985 |
|
1. Salaried
employees |
|
|
2. Waged
employees |
|
|
3. Permanent
employees |
18 271 |
|
4. Casual
employees |
25 714 |
|
5. Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
Group has many |
|||
|
1. Cars |
|
|
|
|
|
2. Light
Delivery Vehicles |
|
|
|
|
|
3. Trailers |
|
|
|
|
|
4. Busses |
|
|
|
|
|
5. Trucks |
|
|
|
|
|
6. Fork
Lifts |
|
|
|
|
|
7. Other |
|
|
|
|
|
Offices |
|
Head Office Owned/ Rented |
Owned within the group |
|
Type of Premises |
Offices |
|
Branches Names |
Country |
|
Over 1000 |
South Africa Botswana Namibia Swaziland Lesotho |
Branches Owned/ Rented |
Mostly rented, property leases for the subject per annum totals to: R1 323 000 000. Branches for group stores: EDGARS-166 BORDMANS-36 RED SQUARE-37 TEMPTATIONS-8 PRATO-6 EDGARS ACTIVE-8 CAN-202 JET-299 JET MART-118 LEGIT-154 DISCOM-140 JET SHOES-6 JET HOME-1 |
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
100% EDCON HOLDINGS LTD |
EDGARS CONSOLIDATED STORES LTD |
EDGARS BORDMANS RED SQUARE TEMPTATIONS PRATO EDGARS ACTIVE CNA JET JET MART LEGIT DISCOM JET SHOES JET HOME |
|
Company |
Value |
Contact |
|
Unavailable |
|
|
The subject purchases good on behalf of the stores and imports most of
its supplies.
It was stated that various
freight companies are used.
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
|
Default Listings
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
|
Bank |
FIRST NATIONAL BANK |
|
Branch |
CORPORATE JOHANNESBURG |
|
Bank Account Number |
Declined, each store has its own account number. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
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 Interestsfor 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
For financial information please see the group consolidated figures
attached.
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 |
4 |
|
Average Age of Active Principals |
47 |
Active Principals
Principal 1 of 4: JURGEN SCHREIBER
|
Surname |
SCHREIBER |
|
First Name |
JURGEN |
|
Other Names |
None |
|
Marital Status |
Unknown |
|
ID Number |
620207 |
|
Verified ID Number |
No |
|
Current Age |
50 |
|
Designation |
CEO |
|
Status |
Active |
|
Appointment Date |
2011-04-01 |
|
Physical Address (at time of Appointment) |
102 Melrose Boulevard MELROSE ARCH Melrose 2076 |
|
Postal Address |
P O Box 200 CROWN MINES 2025 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse Information for JURGEN SCHREIBER
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for JURGEN SCHREIBER
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EDCON (PTY) LTD |
2007/00325/07 |
In Business |
5 years |
0 |
No |
|
EDCONHOLDINGS
(PTY) LTD |
M2006/036903/07 |
In Business |
5 years 3 months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Property
Interestsfor JURGEN SCHREIBER
|
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 |
|
Principal
2 of 4: STEPHEN BINNIE
|
Surname |
BINNIE |
|
First Name |
STEPHEN |
|
Other Names |
R |
|
Marital Status |
Unknown |
|
ID Number |
6706195631086 |
|
Verified ID Number |
Yes |
|
Current Age |
45 |
|
Designation |
CA |
|
Status |
Active |
|
Appointment Date |
2003-03-27 |
|
Physical Address (at time of Appointment) |
9 Maxwell Macdonald Street GLENADRIENNE 2196 |
|
Postal Address |
PO BOX 100 CROWN MINES 2025 |
|
Current Tel Number |
011 4956509 |
|
Cell number |
082 6013123 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse Information for STEPHEN BINNIE
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for STEPHEN BINNIE
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BOOKWISE (PTY)
LTD |
1968/014327/07 |
In Business |
43 years 3
months |
0 |
No |
|
LAURE FASHIONS
(PTY) LTD |
1990/007137/07 |
In Business |
21 years 3
months |
0 |
No |
|
RAPID DAWN 132
(PTY) LTD |
2002/004179/07 |
In Business |
10 years |
0 |
No |
|
ROWAN TREE 1140 (PTY)
LTD |
2004/056974/23 |
Deregistration
process |
7 years 8 months |
0 |
No |
|
EDCON
ACQUISITION (PTY) LTD |
2007/000518/07 |
In Business |
5 years 1 month |
0 |
No |
|
EDCON FINCO
(PTY) LTD |
2007/003444/07 |
In Business |
5 years |
0 |
No |
|
ONTHECARDS
INVESTMENTS II (PTY) LTD |
2009/005155/07 |
In Business |
5 years |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
33 years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
C N A PROPERTIES
(PTY) LTD |
1940/014082/06 |
Dissolved |
71 years 7
months |
0 |
No |
|
CELROSE CLOTHING
(PTY) LTD |
1964/005645/07 |
Voluntary
Liquidation |
47 years 7
months |
0 |
Yes |
|
CORDER R TILNEY
INVESTMENTS (PTY) LTD |
1968/011053/07 |
Deregistration
Final |
43 years 5
months |
0 |
No |
|
CELROSE JEANS
COMPANY (PTY) LTD |
1971/010266/07 |
Dissolved |
40 years 5
months |
0 |
No |
|
CREDIT
MANAGEMENT LEARNING SYSTEMS (PTY) LTD |
1979/004133/07 |
Deregistration
Final |
32 years 6
months |
0 |
No |
|
CANNON CLOTHING
(PTY) LTD |
1982/008350/07 |
Deregistration
Final |
29 years 5 months |
0 |
No |
|
BCC BUREAU (PTY)
LTD |
1987/000435/07 |
Deregistration
Final |
25 years |
0 |
No |
|
FISH EAGLE DEBT COLLECTORS
ENTERPRISES (PTY) LTD |
1989/001620/07 |
Dissolved |
22 years
11months |
0 |
No |
|
DELFIN
SECURITIES (PTY) LTD |
1989/002855/07 |
Voluntary
Liquidation |
22 years 9
months |
0 |
No |
|
STUDIO CLOTHING
(PTY) LTD |
1996/005897/07 |
Deregistration Final |
15 years 9
months |
0 |
No |
|
ELLESSE SOUTH
AFRICA (PTY) LTD |
1996/014364/07 |
Dissolved |
15 years 4
months |
0 |
No |
|
REACTOR CLOTHING
(PTY) LTD |
1996/014432/07 |
Voluntary
Liquidation |
15 years 4
months |
0 |
No |
|
TOPICS (PTY) LTD |
M1955/000568/07 |
In Business |
57 years |
0 |
No |
Property
Interestsfor STEPHEN BINNIE
|
Title Deed No. |
T30018/1999 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
9 MAXWELL MACDONALD
GLENADRIENNE SANDTON |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
1983.0SQM |
|
Purchase Date |
1999-02-03 |
Purchase price |
R530 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
INVESTEC BANK |
|
Bond Number |
B148831999 |
Bond Amount |
R630 000.00 |
Principal 3 of 4: MARK BOWER
|
Surname |
BOWER |
|
First Name |
MARK |
|
Other Names |
None |
|
Marital Status |
Unknown |
|
ID Number |
5503195093081 |
|
Verified ID Number |
Yes |
|
Current Age |
57 |
|
Designation |
CEO EXEC Group Services |
|
Status |
Active |
|
Appointment Date |
1990-10-01 |
|
Physical Address (at time of Appointment) |
27 Cheshma Road BRYANSTON 2021 |
|
Postal Address |
P O Box 100 CROWN MINES 2025 |
|
Current Email Address |
Unknown |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for MARK BOWER
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for MARK BOWER
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
RAPID DAWN 132
(PTY) LTD |
2002/004179/07 |
In Business |
10 years |
0 |
No |
|
EDCON (PTY) LTD |
2007/003525/07 |
In Business |
5 years |
0 |
No |
|
EDCON
ACQUISITION (PTY) LTD |
2007/000518/07 |
In Business |
5 years 1 month |
0 |
No |
|
EDCON FINCO
(PTY) LTD |
2007/003444/07 |
In Business |
5 years |
0 |
No |
|
SHOECORP SHOE STORES
(PTY) LTD |
1931/003648/07 |
Deregistration
Process |
80 years 2
months |
0 |
No |
|
UNITED RETAIL
LTD |
1946/020392/06 |
In Business |
66 years 1 month |
0 |
No |
|
BOOKWISE (PTY)
LTD |
1968/014327/07 |
In Business |
43 years 3
months |
0 |
No |
|
LAURE FASHIONS
(PTY) LTD |
1990/007137/07 |
In Business |
21 years 3
months |
0 |
No |
|
CLAMARIC
PROPERTIES CC |
1997/054499/23 |
Deregistration
Process |
14 years 4
months |
0 |
No |
Previous Business Interests
|
Average Age of Previous
Business Interests |
25 years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SALES HOUSE
(PTY) LTD |
1969/008103/07 |
Deregistration
Final |
42 years 9
months |
0 |
No |
|
CELROSE JEANS COMPANY
(PTY) LTD |
1971/010266/07 |
Dissolved |
40 years 5
months |
0 |
No |
|
EDGARS STORES
(MANAGEMENT) LTD |
1978/001269/06 |
Deregistration
Final |
33 years 10
months |
0 |
No |
|
PEOPLES STORES
(TRANSKEI) (PTY) LTD |
1978/060109/07 |
Deregistration Final |
33 years 7
months |
0 |
No |
|
PEOPLES STORES
(BOPHUTHATSWANA) (PTY) LTD |
1980/070133/07 |
Deregistration
Final |
31 years 4
months |
0 |
No |
|
CANNON CLOTHING
(PTY) LTD |
1982/008350/07 |
Voluntary
Liquidation |
29 years 5
months |
0 |
Yes |
|
CUTHBERTS
(BOPHUTHATSWANA) (PTY) LTD |
1985/070324/07 |
Deregistration
Final |
26 years 7
months |
0 |
No |
|
PEOPLES STORES
(VENDA) (PTY) LTD |
1987/080051/07 |
Deregistration
Final |
24 years 6
months |
0 |
No |
|
ELSONY FOODS
(PTY) LTD |
1988/070135/07 |
Deregistration
Final |
23 years 10
months |
0 |
No |
|
PEOPLES STORES
(MANAGEMENT) (TRANSKEI) (PTY) LTD |
1989/060170/07 |
Deregistration
Final |
22 years 7
months |
0 |
No |
|
EXPRESS STORES
(TRANSKEI) (PTY) LTD |
1989/060173/07 |
Deregistration
Final |
22 years 7
months |
0 |
No |
|
CARREK (PTY) LTD |
1990/007121/07 |
Conversion |
21 years 3
months |
0 |
No |
|
PEOPLES STORES
(CISKEI) (PTY) LTD |
1990/092114/07 |
Deregistration
Final |
21 years 4
months |
0 |
No |
|
SUPER MART (PTY)
LTD |
1991/000472/07 |
Voluntary
Liquidation |
21 years |
0 |
Yes |
|
GOOSE BAY
TRADING (PTY) LTD |
1991/000983/07 |
Deregistration
Final |
21 years |
0 |
No |
|
SMILEYS
WAREHOUSE (PTY) LTD |
1994/001746/07 |
Voluntary
Liquidation |
17 years 11
months |
0 |
Yes |
|
EDCON SOURCING
(PTY) LTD |
1994/007869/07 |
Voluntary
Liquidation |
17 years 5
months |
0 |
Yes |
|
EDGARS STORES
LTD |
1994/070057/10 |
Deregistration
Final |
17 years 11
months |
0 |
No |
|
AFRICAN ACCENT
(PTY) LTD |
1995/007083/07 |
Deregistration
Final |
16 years 7
months |
0 |
No |
|
STUDIO CLOTHING
(PTY) LTD |
1996/005897/07 |
Dissolved |
15 years 9
months |
0 |
No |
|
ELLESSE SOUTH
AFRICA (PTY) LTD |
1996/014364/07 |
Voluntary
Liquidation |
15 years 4
months |
0 |
Yes |
|
REACTOR CLOTHING
(PTY) LTD |
1996/014432/07 |
Deregistration
Final |
15 years 4
months |
0 |
No |
|
THE SAB FINANCAE
AND ACCOUNTING SCHOOL |
1998/015982/08 |
Deregistration
Final |
13 years 6
months |
0 |
No |
|
E-CORPORATE
TRAVEL SOLUTIONS (PTY) LTD |
1999/027537/07 |
Dissolved |
12 years 2
months |
0 |
No |
|
R 22 PROPERTIES
(PTY) LTD |
M1990/005720/07 |
Deregistration
Process |
21 years 5
months |
0 |
No |
Property Interestsfor MARK BOWER
|
Title Deed No. |
T122453/2005 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
BRYANSTON
SANDTON |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
1579.0SQM |
|
Purchase Date |
2005-07-25 |
Purchase price |
R6 650 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0.00 |
|
Title Deed No. |
T3222/2008 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
25 LOURIE
PECANWOOD ESTATE HARTEBEESPOORT |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
583.0SQM |
|
Purchase Date |
2007-10-01 |
Purchase price |
R3 150 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
MYBURGH ANTON
THEUNIS |
|
Bond Number |
VA42832002 |
Bond Amount |
R0.00 |
Principal 4 of 4: URIN FERNDALE
|
Surname |
FERNDALE |
|
First Name |
URIN |
|
Other Names |
None |
|
Marital Status |
Unknown |
|
ID Number |
6501035147082 |
|
Verified ID Number |
Yes |
|
Current Age |
47 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2007-05-14 |
|
Physical Address (at time of Appointment) |
4 Casa Diva BUCCLEUCH Gibson Drive 2025 |
|
Postal Address |
P O Box 9300 PRETORIA 0001 |
|
Current Tel Number |
011 4681908 |
|
Cell number |
082 8589033 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse
Information for
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for URIN FERNDALE
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
UNITED RETAIL
LTD |
1946/020392/06 |
In Business |
66 years 1 month |
0 |
No |
|
BOOKWISE (PTY)
LTD |
1968/014327/07 |
In Business |
43 years 3
months |
0 |
No |
|
UNIT 5 CASA DIVA
BUCCLEUCH CC |
1998/060940/23 |
In Business |
13 years 4
months |
0 |
No |
|
UNIT 3 CASA DIVA
BUCCLEUCH CC |
1998/060955/23 |
In Business |
13 years 4
months |
0 |
No |
|
UNIT 9 CASA DIVA
BUCCLEUCH CC |
2002/019758/23 |
In Business |
9 years 11
months |
0 |
No |
|
UNIT 4 CASA DIVA
BUCCLEUCH CC |
B1998/031102/23 |
In Business |
13 years 9
months |
0 |
No |
|
EDCON HOLDINGS
(PTY) LTD |
M2006/036903/07 |
In Business |
5 years 3 months |
0 |
No |
|
EDCON (PTY) LTD |
2007/003525/07 |
In Business |
5 years |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
30 years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
WM CUTHBERT AND
CO LTD |
1925/008279/06 |
Deregistration
Final |
86 years 8 months |
0 |
No |
|
C N A PROPERTIES
LTD |
1940/014082/06 |
Dissolved |
71 years 7
months |
0 |
No |
|
PEOPLES STORES
(BOPHUTATSWANA) (PTY) LTD |
1980/070133/07 |
Deregistration Final |
31 years 4
months |
0 |
No |
|
SUPER MART (PTY)
LTD |
1991/000472/07 |
Voluntary
Liquidation |
21 years |
0 |
Yes |
|
TOPICS (PTY) LTD |
M1955/000568/07 |
In Business |
57 years |
0 |
No |
|
R 22 PROPERTIES
(PTY) LTD |
M1990/005720/07 |
Deregistration
Process |
21 years 5
months |
0 |
No |
|
EDCON RETAIL
ACADEMY (PTY) LTD |
M2008/019063/07 |
In Business |
3 years 6 months |
0 |
No |
Deeds Information
Property Interestsfor URIN FERNDALE
|
Title Deed No. |
T23924/2006 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
|
|
Property Type |
Freehold /Ervin |
Extent / Size |
2401.0SQM |
|
Purchase Date |
2005-11-24 |
Purchase price |
R4 500 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0.00 |
|
Title Deed No. |
ST28670/2008 |
Erf/Site No. |
6565.0 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
CENTURY CITY
MILNERTON |
|
Property Type |
Sectional title/ Unit |
Extent / Size |
85.0SQM |
|
Purchase Date |
2008-07-31 |
Purchase price |
R2 045 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
FIRSTRAND BANK
LTD |
|
Bond Number |
SB146052008 |
Bond Amount |
R0.00 |
|
Title Deed No. |
T1771/2009 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
86 SAPELE FEEWAY
PARK BOKSBURG |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
995.0SQM |
|
Purchase Date |
2008-08-26 |
Purchase price |
R495 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
FIRSTRAND BANK
LTD |
|
Bond Number |
B15452009 |
Bond Amount |
R495 000.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.05 |
|
|
1 |
Rs.77.78 |
|
Euro |
1 |
Rs.65.89 |
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 SCs 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.