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MIRA INFORM REPORT
|
Report Date : |
21.01.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
TOURVEST HOLDINGS (PTY) LTD |
|
|
|
|
Registered Office : |
18th Floor Metropolitan Centre, Coen Steytler Avenue,
Foreshore, Cape Town |
|
|
|
|
Country : |
South Africa |
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|
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Date of Incorporation : |
13.02.2008 |
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|
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|
Com. Reg. No.: |
2008/003719 |
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|
|
Legal Form : |
Private company |
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|
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|
Line of Business : |
Tourism, Financial Service and Jewellery Retail |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment
Behaviour : |
No Complaints |
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|
|
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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 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 |
Company details
summary
|
Subject Name |
TOURVEST HOLDINGS (PTY) LTD |
|
Country |
SOUTH AFRICA |
|
Requested Credit Limit |
MAX |
|
Enquiry Terms |
|
|
Account Review |
6 MONTHS |
|
Subject Contact person |
LOUISE VAN ZYL |
|
Assessment |
The subject is a large well established company that has delisted from the Stock Exchange. It contains divisions, one of which is JEWELVEST with the sub-division of FORMA VIVA. Contact was made with the head office of TOURVEST and the assistant company secretary stated that she will assist with the details via an email. It has been confirmed that the main trading company is TOURVEST HOLDINGS (PTY) LTD Please see the available information below including trade references on the JEWELVEST Division. The subject is meeting amounts up to R1 000 000 over 30 days. Should any further details be available they will be forwarded. |
Company
Information
|
Registered Name |
TOURVEST HOLDINGS (PTY) LTD |
|
Trading as/ Division Name |
JEWELVEST- Forma Viva -
Tanur Collection -
Murdocks -
Lorraine Effune -
The Diamond Works TRAVEL SERVICES -
Airline GSA -
Travel Services FINANCIAL SERVICES |
|
Previous Name |
None |
|
Date of Name Change |
N/A |
|
Registration Number |
2008/003719/ |
|
Registration Date |
2008-02-13 |
|
Date Commenced Trading |
2008-02-13 |
|
Age of Business |
3 Years 11 Months |
|
History of Business |
|
|
History of Principals |
|
|
Shareholders and % holding |
100% TOURVEST INVESTMENT CORPORATION LTD |
|
Authorised Share Capital |
1000.0000 |
|
Issued Share Capital |
100 |
|
Status |
In Business |
|
Operations Assessment |
Tourism, financial service and jewellery
retail. |
|
Industry/ Customers |
Public and Corporates |
|
Export |
East Africa |
|
Major Industry Code / SICC |
|
|
Definition of Code |
|
|
Head Office Physical Address |
HEAD OFFICE FOR JEWELVEST: 18th Floor Metropolitan Centre Coen Steytler Avenue FORESHORE Cape Town TOURVEST: Tourvest House 33 West Street HOUGHTON 2198 T:011 7280540 |
|
Head Office Postal Address |
HEAD OFFICE FOR JEWELVEST: P O Box 1785 CAPE TOWN 8000 |
|
Current Tel Number |
021 4182530 |
|
Current Fax Number |
021 4194697 |
|
Current Email Address |
|
|
Web Site Address |
Auditors
Information
|
Company Registered Name |
DELOITE & TOUCHE |
|
Trading Name |
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|
Registration Number |
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Physical Address |
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Postal Address |
Private Bag X6 GALLO MANOR 2052 |
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Contact Person |
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|
Contact Number |
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|
Email |
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|
Principals |
250 partners countrywide |
|
Judgements Against Subject |
|
|
Judgements Against Principals |
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|
Subject Verified as Client |
|
|
SAICA number |
904899E |
|
VAT Number |
|
|
Tax Number |
|
|
BEE Status |
Level 2 |
|
Financial Year End |
May |
|
Years With Auditors |
|
|
Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
DOUGLAS DIX-PEEK
AND COMPANY |
|
Unknown |
Tax
Information
|
Vat Number |
4070250552 |
|
Status |
|
|
Vat Liable Date |
|
|
Tax Number |
9216716168 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
August |
Black
Economic Empowerment
|
Status |
Unavailable |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
Yes/No |
ISO
Status
|
Type of ISO Grade |
Unavailable |
|
ISO Certificate |
Yes/No |
|
ISO Certificate Available |
Yes/No |
|
Certified by an Accredited Agent |
Yes/No |
Workman’s
compensation
|
Registered |
Unavailable |
|
Compliance Certified |
Yes/No |
Company
Structure
Subsidiaries
|
Subsidiary Company |
Unavailable |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Subsidiary Company |
Unavailable |
|
Shareholding |
|
|
Registration Number |
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|
Import / Export |
|
|
Number of
Employees |
Unavailable |
|
1. Salaried
employees |
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|
2. Waged
employees |
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3. Permanent
employees |
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4. Casual
employees |
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5. 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 |
Unavailable |
|||
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1. Cars |
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2. Light
Delivery Vehicles |
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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 |
Unavailable |
Head Office Owned/ Rented |
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Rental Company |
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|
Owned by |
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|
Value |
|
|
Bond |
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|
Bank |
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|
Lease Agreement |
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|
Lease Expire Date |
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|
Type of Premises |
|
|
Branches Names |
Country |
Province |
|
Unavailable |
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|
Branches Owned/ Rented |
Unavailable |
|
Rental Company |
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|
Owned |
|
|
Value |
|
|
Bank |
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|
Bond |
|
|
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 |
|
Unavailable |
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Company Structure
(Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
Unavailable |
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|
|
|
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|
Trade References
Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
|
Unavailable |
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The following
suppliers are for the JEWELVEST Division.
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
UNITY DIAMONDS (JHB) |
011 4842594 |
|
|
|
2 |
SWATCH (JHB) |
011 9111200 |
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|
|
3 |
ROLEX (JHB) |
011 7849230 |
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|
|
4 |
GEMINI GOLD (JHB) |
011 6435311 |
|
|
|
5 |
CJR GIFT SALES (JHB) |
011 2576000 |
|
|
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
10 years |
Open |
R250 000 |
30 days |
R250 000 |
30 days |
Good |
|
2 |
6 years |
Open |
R100 000 |
60 days |
R50 000- R100 000 |
60 days |
Good |
|
3 |
Do |
Not |
Give |
Trade |
References |
|
|
|
4 |
5 years |
R1 000 000 |
R1 000 000 |
30 days |
R1 000 000 |
30 days |
Good |
|
5 |
5 years |
Open |
R300 000 |
60 days |
R200 000- R300 000 |
60 days |
Good |
Adverse
Information on Subject
Judgements
|
Judgements |
1 |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Judgements
|
Case Number |
4282/2011 |
|
Amount |
R 40069,00 |
|
Reason |
OTHER |
|
Court Name |
KIMBERLY M |
|
Judgement Type |
JUDGEMENT BY DEFAULT |
|
Judgement Date |
2001/09/26 |
|
Plaintiff
(Multiple) |
KALAHARI LODGE |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
|
Default Listings
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Bank
Information
|
Bank |
Unavailable |
|
Branch |
|
|
Bank Account Number |
|
|
Type of Account |
|
|
Account Name |
|
|
Overdraft Facilities |
Yes/No |
|
Date Opened |
|
|
Bank Code |
|
|
Bank Comment |
|
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 |
|
|
|
|
|
Deeds Information
Property Interests
for Company
|
Title Deed No. |
ST5765/2010 |
Erf/Site No. |
165778,0 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
22 Parliament Cape Town City
Centre CAPE TOWN |
|
Property Type |
Sectional Title / Unit |
Extent / Size |
14.0SQM |
|
Purchase Date |
2008-09-06 |
Purchase price |
R
35 000 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
LEXSHELL 753 INV
PTY LTD |
|
Bond Number |
SB10052009 |
Bond Amount |
R
173 000 000,00 |
|
Title Deed No. |
ST5765/2010 |
Erf/Site No. |
165778,0 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
22 Parliament Cape Town City
Centre CAPE TOWN |
|
Property Type |
Sectional Title / Unit |
Extent / Size |
13.0SQM |
|
Purchase Date |
2008-09-06 |
Purchase price |
R
35 000 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
LEXSHELL 753 INV
PTY LTD |
|
Bond Number |
SB10052009 |
Bond Amount |
R
173 000 000,00 |
|
Title Deed No. |
ST5765/2010 |
Erf/Site No. |
165778,0 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
22 Parliament Cape Town City
Centre CAPE TOWN |
|
Property Type |
Sectional Title / Unit |
Extent / Size |
15.0SQM |
|
Purchase Date |
2008-09-06 |
Purchase price |
R
35 000 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
LEXSHELL 753 INV
PTY LTD |
|
Bond Number |
SB10052009 |
Bond Amount |
R
173 000 000,00 |
Financial Information
Financial
Estimates
|
CURRENT ASSETS |
Unavailable |
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
|
|
Current Turnover per month |
|
|
Current Turnover per annum |
|
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 |
14 |
|
Average Age of Active Principals |
49 |
Active Principals
Principal 1 of 14: SIPHO MAJOMBOZI
|
Surname |
MAJOMBOZI |
|
First Name |
SIPHO |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
5806235935083 |
|
Verified ID Number |
Yes |
|
Current Age |
54 |
|
Designation |
Unavailable |
|
Status |
Active |
|
Appointment Date |
2010-06-10 |
|
Physical Address (at time of Appointment) |
29 Salix Road Willow wild SANDTON 2196 |
|
Postal Address |
PO Box 2860 PINEGOWRIE 2193 |
|
Current Tel Number |
011 8067333 |
|
Cell number |
084 2102020 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse Information for: SIPHO MAJOMBOZI
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: SIPHO MAJOMBOZI
Principal
2 of 14: MNCEDISI XEGO
|
Surname |
XEGO |
|
First Name |
MNCEDISI |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6912185369089 |
|
Verified ID Number |
Yes |
|
Current Age |
43 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2009-01-22 |
|
Physical Address (at time of Appointment) |
1022 Villa Quatro Popular Avenue CRAIGAVON 2068 |
|
Postal Address |
PO Box 2869 WITKOPPEN 2068 |
|
Current Tel Number |
012 6892031 |
|
Cell number |
083 3843142 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse Information for: MNCEDISI XEGO
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Principal 3 of 14: ANDREW MC DONIC
|
Surname |
MC DONIC |
|
First Name |
ANDREW |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6507035184009 |
|
Verified ID Number |
No |
|
Current Age |
47 |
|
Designation |
Unavailable |
|
Status |
Active |
|
Appointment Date |
2008-12-01 |
|
Physical Address (at time of Appointment) |
192 Bryanston Drive BRYANSTON 2191 |
|
Postal Address |
25 Keyes Avenue ROSEBANK 2196 |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: ANDREW MC DONIC
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Principal 4 of 14: ERIC DE JAGER
|
Surname |
De Jager |
|
First Name |
Eric |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
510504577080 |
|
Verified ID Number |
Yes |
|
Current Age |
61 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2008/11/03 |
|
Physical Address (at time of Appointment) |
1 Orchard Road Orchards JOHANNESBURG 2192 |
|
Postal Address |
PO Box 8618 JOHANNESBURG 2001 |
|
Current Tel Number |
011 7286495 |
|
Cell number |
082 8863444 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: ERIC DE JAGER
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 5 of 14: LUCIA KUNENE
|
Surname |
Kunene |
|
First Name |
Lucia |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6612090293081 |
|
Verified ID Number |
Yes |
|
Current Age |
46 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2008-11-03 |
|
Physical Address (at time of Appointment) |
25 ST. Andrews Road Bordeaux RANDBURG 2124 |
|
Postal Address |
Private Bag X13 PARKVIEW 2122 |
|
Current Tel Number |
031 5723610 |
|
Cell number |
083 2755021 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: LUCIA KUNENE
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Principal 6 of 14: SAMUEL MTHEMBU
|
Surname |
Mthembu |
|
First Name |
Samuel |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
5401125811088 |
|
Verified ID Number |
Yes |
|
Current Age |
58 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2008-11-03 |
|
Physical Address (at time of Appointment) |
5 Dumbraton Oaks Killarney 2190 |
|
Postal Address |
PO Box 784531 SANDTON 2146 |
|
Current Tel Number |
011 7288953 |
|
Cell number |
082 4671504 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: SAMUEL MTHEMBU
Judgement
|
Number of
Judgements |
5 |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Property Interests for: SAMUEL MTHEMBU
|
Title Deed No. |
T40553/2007 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
155 8th
Highlands North JOHANNESBURG |
|
Property Type |
Freehold / Ervin |
Extent / Size |
351.0SQM |
|
Purchase Date |
2007-02-21 |
Purchase price |
R
1 030 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
NEDBANK LTD |
|
Bond Number |
B607792007 |
Bond Amount |
R 900 000,00 |
|
Title Deed No. |
T40553/2007 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
157 8th
Highlands North JOHANNESBURG |
|
Property Type |
Freehold / Ervin |
Extent / Size |
495.0SQM |
|
Purchase Date |
2007-02-21 |
Purchase price |
R
1 030 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
NEDBANK LTD |
|
Bond Number |
B607792007 |
Bond Amount |
R
900 000,00 |
Principal 7 of 14: CONRAD MORTIMER
|
Surname |
Mortimer |
|
First Name |
Conrad |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6108045114084 |
|
Verified ID Number |
Yes |
|
Current Age |
51 |
|
Designation |
Unavailable |
|
Status |
Active |
|
Appointment Date |
2008-11-03 |
|
Physical Address (at time of Appointment) |
21 Sussex Road PARKWOOD 2041 |
|
Postal Address |
PO Box 1508 Houghton JOHANNESBURG 2193 |
|
Current Tel Number |
011 3396044 |
|
Cell number |
082 3361361 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: CONRAD MORTIMER
Judgement
|
Number of
Judgements |
1 |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Principal 8 of 14: LUCIA KUNENE
|
Surname |
Kunene |
|
First Name |
Lucia |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6612090293081 |
|
Verified ID Number |
Yes |
|
Current Age |
46 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2008-11-03 |
|
Physical Address (at time of Appointment) |
Unit 64 Mipos 8 Tamarind Close La Lucia KWA-ZULU NATAL 4051 |
|
Postal Address |
Unit 64 Mipos 8 Tamarind Close La Lucia KWA-ZULU NATAL 4051 |
|
Current Tel Number |
031 5723610 |
|
Cell number |
083 2755021 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: LUCIA KUNENE
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Principal 9 of 14: ROBERT EDMUND
|
Surname |
Edmund |
|
First Name |
Robert |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
5509295180082 |
|
Verified ID Number |
Yes |
|
Current Age |
57 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2008-09-22 |
|
Physical Address (at time of Appointment) |
128 Grosvenor Road BRYANSTON 2191 |
|
Postal Address |
PO Box 1508 HOUGHTON 2041 |
|
Current Tel Number |
011 7065622 |
|
Cell number |
082 8913321 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: ROBERT EDMUND
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Principal 10 of 14: LUVHENGO NESWISWI
|
Surname |
Neswiswi |
|
First Name |
Luvhengo |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
7412125903088 |
|
Verified ID Number |
Yes |
|
Current Age |
38 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2008-09-22 |
|
Physical Address (at time of Appointment) |
62 Carlswald Estate Walton Road MIDRAND 1685 |
|
Postal Address |
PO Box 11103 VORNA VALLEY 2001 |
|
Current Tel Number |
011 7280540 |
|
Cell number |
082 8279272 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: LUVHENGO NESWISWI
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Deeds Information
Property Interests for: LUVHENGO NESWISWI
|
Title Deed No. |
T6817/2007 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
62 Norfolk Carlswald MIDRAND |
|
Property Type |
Freehold / Ervin |
Extent / Size |
2202.0SQM |
|
Purchase Date |
2006-08-06 |
Purchase price |
R
975 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
STANDARD BANK OF
SOUTH AFRICA LTD |
|
Bond Number |
B92402007 |
Bond Amount |
R
700 000,00 |
Principal 11 of 14: GARTH SOLOMON
|
Surname |
Solomon |
|
First Name |
Garth |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6610285145082 |
|
Verified ID Number |
No |
|
Current Age |
46 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2008-05-01 |
|
Physical Address (at time of Appointment) |
3 Palmerston Road WOODSTOCK 7925 |
|
Postal Address |
PO Box 878 CAPE TOWN 7405 |
|
Current Tel Number |
021 6892628 |
|
Cell number |
083 9694000 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: GARTH SOLOMON
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Deeds Information
Property Interests for: GARTH SOLOMON
|
Title Deed No. |
T12990/2003 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
5 Vale Rondebosch SOUTHERN SUBURBS |
|
Property Type |
Freehold / Ervin |
Extent / Size |
741.0SQM |
|
Purchase Date |
2003-01-06 |
Purchase price |
R
568 404,00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0,00 |
Principal 12 of 14: PAUL BOYNTON
|
Surname |
Boynton |
|
First Name |
Paul |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6204215966088 |
|
Verified ID Number |
Yes |
|
Current Age |
50 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2008-05-01 |
|
Physical Address (at time of Appointment) |
C/O Mutual Park 3rd Floor West Campus Building Jan Smuts Drive PINELANDS 7405 |
|
Postal Address |
PO Box 763 Rivonia 2128 |
|
Current Tel Number |
021 4382114 |
|
Cell number |
082 4488308 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: PAUL BOYNTON
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Property Interests for: PAUL BOYNTON
|
Title Deed No. |
T29038/2003 |
Erf/Site No. |
|
|
Deeds Office |
Cape Town |
Physical Address |
87 The Ridge, Clifton,CAPE
TOWN |
|
Property Type |
Freehold / Ervin |
Extent / Size |
1077.0SQM |
|
Purchase Date |
2003-01-05 |
Purchase price |
R
5 206 700,00 |
|
% Ownership |
0.0000 |
Bond Holder |
NEDBANK LTD |
|
Bond Number |
B170722003 |
Bond Amount |
R
7 000 000,00 |
Principal 13 of 14: CARLOS FERREIRA
|
Surname |
Ferreira |
|
First Name |
Carlos |
|
Other Names |
J H |
|
Marital Status |
Unavailable |
|
ID Number |
7102135071089 |
|
Verified ID Number |
Yes |
|
Current Age |
41 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2008-02-14 |
|
Physical Address (at time of Appointment) |
860 Kyoto Crescent KYALAMI ESTATE 1684 |
|
Postal Address |
PO Box 425 CRAMERVIEW 2060 |
|
Current Tel Number |
011 4632323 |
|
Cell number |
083 2745858 |
Adverse
Information for: CARLOS FERREIRA
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Deeds Information
Property Interests for: CARLOS FERREIRA
|
Title Deed No. |
T117264/2006 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
BRYANSTON
SANDTON |
|
Property Type |
Freehold / Ervin |
Extent / Size |
1712.0SQM |
|
Purchase Date |
2006-05-23 |
Purchase price |
R
4 700 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
INVESTEC BANK
LTD |
|
Bond Number |
B1473792006 |
Bond Amount |
R
5 000 000,00 |
|
Title Deed No. |
T35469/2011 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
24 Alphen Constantia
Heights SOUTHERN SUBURBS |
|
Property Type |
Freehold / Ervin |
Extent / Size |
4001.0SQM |
|
Purchase Date |
2011-03-24 |
Purchase price |
R
7 000 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
INVESTEC BANK
LTD |
|
Bond Number |
B193522011 |
Bond Amount |
R
7 000 000,00 |
Principal 14 of 14: ROBERT GUMEDE
|
Surname |
Gumede |
|
First Name |
Robert |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6308095496080 |
|
Verified ID Number |
Yes |
|
Current Age |
49 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2008-02-14 |
|
Physical Address (at time of Appointment) |
22 Killarney Road Sandhurst SANDTON 2196 |
|
Postal Address |
PO Box 972 GALLO MANOR 2052 |
|
Current Tel Number |
011 4350547 |
|
Cell number |
084 7000002 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: ROBERT GUMEDE
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
DIAMOND INDUSTRY –
INDIA
-
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the
untiring and unflagging efforts of the Indian diamantaires, supported by
progressive Government policies.
-
The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
-
Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and
philanthropy.
-
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
-
The diamond jewellery industry in India today may be more than Rs 60000
mil and is rated amongst the fastest growing in the world. Indi ranks
third in the world in domestic diamond consumption.
-
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
-
Excerpts from Times of India dated 30th October 2010 is as
under –
DIAMOND SAGA – DIRTY DOZEN STUCK WITH 2K CR DEBT
This could be the biggest credibility crisis
the Indian diamond industry has ever faced. Fifteen banks run the risk of
losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two
months ago, they had not repaid these dues. Bankers believe many
diamantaires borrowed money during the economic downturn two years ago and
diverted funds to businesses like real estate and capital markets. Many of
themselves made money from these businesses but their diamond companies have
gone sick and declared insolvency.
-
Most of the money borrowed from the banks in the name of their diamond
business has been diverted in real estate and the share market. The banks are
not in a position to seize their properties because in many cases, these were
purchased in the name of their relatives and friends.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.33 |
|
UK Pound |
1 |
Rs.77.97 |
|
Euro |
1 |
Rs.65.07 |
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.