MIRA INFORM REPORT
|
Report Date : |
28.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
PARK AVENUE STATIONERS CC |
|
|
|
|
Registered Office : |
184 Main Road, Fordsburg 2193 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
09.11.1999 |
|
|
|
|
Com. Reg. No.: |
B1999/063110/23 |
|
|
|
|
Legal Form : |
Closed Corporation |
|
|
|
|
Line of Business : |
Stationery |
|
|
|
|
No. of Employees
: |
40 |
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 |
|
Maximum Credit Limit : |
R 500 000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Exists |
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 30th, 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 |
PARK AVENUE STATIONERS CC |
|
Country |
SOUTH AFRICA |
|
Requested Credit Limit |
R 500 000 |
|
Enquiry Terms |
30 DAYS |
|
Account Review |
6 MONTHS |
|
Subject Contact person |
MEHMOOD PATEL-011 8383455 |
|
Assessment |
Total Credit Limit Exposure: Total Suretyship: This is well-established company. The subject is meeting commitments timeously with suppliers. A bank code revealed that the subject would be considered as equal to R500 000 over 30 days. The subject is therefore considered as equal to its normal business engagements. Please take not of the judgement recorded. |
|
Registered Name |
PARK AVENUE STATIONERS CC |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
B1999/063110/23 |
|
Registration Date |
1999-11-09 |
|
Date Commenced Trading |
1999-11-09 |
|
Age of Business |
12 Years 3 Months |
|
History of Business |
None |
|
History of Principals |
1 |
|
Shareholders/Members/Partners of subject
and % holding |
100% FAHEEM MAYET |
|
Authorised Share Capital |
100 |
|
Issued Share Capital/Members Contribution |
100 |
|
Status |
This Business is Active |
|
Operations Assessment |
Stationery |
|
Industry/ Customers |
06-Promotional & industrial supplies Litho
print Screen print. |
|
Export |
ZIMBABWE, ZAMBIA |
|
Major Industry Code / SICC |
32391 |
|
Definition of Code |
Stationery |
|
Head Office Physical Address |
184 Main Road FORDSBURG 2193 |
|
Head Office Postal Address |
PO Box 309 CROWN MINE 2025 |
|
Current Tel Number |
011 8383455 |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
AM PATEL |
|
Trading Name |
None |
|
Registration Number |
Unavailable |
|
Physical Address |
Unavailable |
|
Postal Address |
POSNET SUITE 6 Private Bag X1 Fordsburg 2033 |
|
Contact Person |
AM PATEL |
|
Contact Number |
011 8385054/55 |
|
Email |
Unavailable |
|
Principals |
1 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
SAICA number |
Unavailable |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
Years With Auditors |
Unavailable |
|
Website |
Unavailable |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
None |
|
|
|
Vat Number |
4440228387 |
|
Status |
Active |
|
Vat Liable Date |
2006-03-01 |
|
Tax Number |
9555396846 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
FEBRUARY |
|
Status |
Yes |
|
Score |
4 |
|
Expire Date |
Unavailable |
|
BEE Certificate Available |
Yes |
|
Type of ISO Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited Agent |
|
|
Registered |
Yes |
|
Compliance Certified |
27779651550 |
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
40 |
|
1. Salaried
employees |
36 |
|
2. Waged
employees |
4 |
|
3. Permanent
employees |
|
|
4. Casual
employees |
|
|
5. Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
6 |
|
|
0 |
|
The Fleet is made up of |
|
|||
|
1. Cars |
|
|
|
|
|
2. Light
Delivery Vehicles |
6 |
|
|
|
|
3. Trailers |
|
|
|
|
|
4. Busses |
|
|
|
|
|
5. Trucks |
|
|
|
|
|
6. Fork
Lifts |
|
|
|
|
|
7. Other |
|
|
|
|
|
Offices |
Yes |
Head Office Owned/ Rented |
Rent |
|
Rental Company |
ISMAEL GATTOO |
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
3 Years |
|
Lease Expire Date |
|
|
Type of Premises |
Offices |
|
Branches Names |
Country |
Province |
|
None |
|
|
Branches Owned/ Rented |
None |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
Organisation chart
Company Structure
(Ownership)
Note: One level up and
all levels down
Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
|
None |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
KOLK NAIDINE |
011 2480332 |
Unavailable |
Unavailable |
|
2 |
BASC |
011 45203250 |
Unavailable |
Unavailable |
|
3 |
CTP |
011 2265600 |
Yes |
Unavailable |
|
4 |
BANTEX |
011 4739800 |
Unavailable |
Unavailable |
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Do |
Not |
Give |
Trade |
Reference |
|
|
|
2 |
2002 |
Confidential |
R 390 000 |
30 Days |
R 290 000 |
30 Days |
Excellent |
|
3 |
10 Years |
R 200 000 |
R 150 000 |
30 Days |
R 150 000 |
30 Days |
Good |
|
4 |
15 Years |
R 250 000 |
R 75 000 |
30 Days |
R 75 000 |
30 Days |
Good |
Judgements
|
Judgements |
JUDGEMENT |
|
Possible
Judgements |
1 |
|
Civil Court |
JOHANNESBURG M |
|
RDs |
R 4 511.00 |
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 |
JAN SMUTS |
|
Bank Account Number |
202563154 |
|
Type of Account |
CURRENT |
|
Account Name |
PARK AVENUE STATIONERS CC |
|
Overdraft Facilities |
|
|
Date Opened |
|
|
Bank Code |
C for R500 000 |
|
Bank Comment |
The subjects 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 |
|
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
Information
Financial
Estimates
|
CURRENT ASSETS |
|
|
Stock |
R 7 000 000 |
|
Debtors |
R 10 000 000 |
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
R 3 000 000 |
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
|
|
Current Turnover per month |
R 5 000 000 |
|
Current Turnover per annum |
R 60 000 000 |
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 |
43 |
Active Principals
Principal 1 of 1: FAHEEM MAYET
|
Surname |
MAYET |
|
First Name |
FAHEEM |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6906185156082 |
|
Verified ID Number |
Yes |
|
Current Age |
43 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2008-11-11 |
|
Physical Address (at time of Appointment) |
50 Greenway Street GREENSIDE 2001 |
|
Postal Address |
50 Greenway Street GREENSIDE 2001 |
|
Current Tel Number |
011 6341811 |
|
Cell number |
084 5129414 |
|
Current Fax Number |
None |
|
Current Email Address |
None |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for :FAHEEM MAYET
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for :FAHEEM MAYET
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PARK AVENUE STATIONERS (GARDEN ROUTE) CC |
2008/029720/23 |
In Business |
4 Years |
0 |
No |
|
HOLLYWOOD HAIR AND BEAUTY AMPORIUM CC |
2009/001044/23 |
In Business |
3 Years 1 Months |
0 |
No |
|
JOUBERT PARK MOTORS |
6906185156082 |
In Business |
Unknown |
0 |
No |
|
PARK AVENUE RUBBER STAMPS |
6906185156082 |
In Business |
Unknown |
0 |
No |
|
PARK AVENUE STATIONERS |
6906185156082 |
In Business |
Unknown |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SPRING GREEN TRADING 253 CC |
203/034271/23 |
Deregistration Final |
8 Years 9 Months |
0 |
No |
|
S B A AVENUE STAMPS CC |
2006/151165/23 |
Deregistration Final |
5 Years 5 Months |
0 |
No |
|
PARK AVENUE STAMPS CC |
B2006/200976/23 |
In Business |
5 Years 3 Months |
0 |
No |
|
PARK AVENUE STATIONERS (CAPR) CC |
B2007/016585/23 |
In Business |
5 Years 1 Months |
0 |
No |
Deeds Information
Property
Interestsfor :FAHEEM MAYET
|
Title Deed No. |
T65915/2003 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
43 HIGH MAYFAIR JOHANNESBURG |
|
Property Type |
Freehold / Ervin |
Extent / Size |
248.0SQM |
|
Purchase Date |
2003-06-10 |
Purchase price |
R 120 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B465852003 |
Bond Amount |
R 100 000.00 |
|
Title Deed No. |
T61433 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
1 BRAESIDE
GREENSIDE RANDBURG |
|
Property Type |
Freehold / Ervin |
Extent / Size |
1214.0SQM |
|
Purchase Date |
2007-07-18 |
Purchase price |
R 1 100 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
STANDARD BANK SA |
|
Bond Number |
B882552007 |
Bond Amount |
R 1 100 000 |
|
Title Deed No. |
ST55731/2007 |
Erf/Site No. |
434.0 |
|
Deeds Office |
JOHANNESBURG |
Physical Address |
RADIOKOP
ROODEPOORT |
|
Property Type |
Sectional Title / Unit |
Extent / Size |
156.0SQM |
|
Purchase Date |
2007-07-28 |
Purchase price |
R 860 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
STANDARD BANK SA |
|
Bond Number |
SB804882007 |
Bond Amount |
R 530 000.00 |
|
Title Deed No. |
T9751/2011 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
11 TERRACE
FORDSBURG JOHANNESBURG |
|
Property Type |
Freehold / Ervin |
Extent / Size |
495.0SQM |
|
Purchase Date |
2010-12-14 |
Purchase price |
R 700 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
BLUE MOONLGHT
PROP 20 (PTY) LTD |
|
Bond Number |
K46622005S |
Bond Amount |
R 0.00 |
|
Title Deed No. |
T9751/2011 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
|
|
Property Type |
Freehold / Ervin |
Extent / Size |
495.SQM |
|
Purchase Date |
2010-12-14 |
Purchase price |
R 7 00 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
I-74902007LG |
Bond Amount |
R 0.00 |
|
Title Deed No. |
T17097/2011 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
39 MAY FORDSBURG JOHANNESBURG |
|
Property Type |
Freehold / Ervin |
Extent / Size |
248.SQM |
|
Purchase Date |
2011-01-24 |
Purchase price |
R 2 300 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
GATTOO MUHAMMAD
ZIYAAD |
|
Bond Number |
B132342011 |
Bond Amount |
R 2 070 000.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.05 |
|
UK Pound |
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 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.