|
Report Date : |
26.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
AQUILLA BUSINESS
DEVELOPMENT (PTY)LTD |
|
|
|
|
Registered Office : |
Corner of Deodar and |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
11.03.1999 |
|
|
|
|
Com. Reg. No.: |
1999/024550/07 |
|
|
|
|
Legal Form : |
Private Company. |
|
|
|
|
Line of Business : |
Manufacturers of iron
products such as handles, fittings |
|
|
|
|
No. of Employees : |
33 |
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 |
|
Status : |
Satisfactory |
|
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 – March 31st,
2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
AQUILLA |
|
Country |
SOUTH AFRICA |
|
Subject
Contact Person |
Vernon |
|
Assessment |
This is a
well-established family business. The managing Director was on leave so
unavailable to assist with detailed information. An email has been sent to him
and he replyed that on his return he will assist us. As soon as details are
available they will be forwarded. |
|
Registered
Name |
AQUILLA
BUSINESS DEVELOPMENT (PTY)LTD |
|
Trading
as/ Division Name |
L AND B SECURITY
WHOLESALERS |
|
Registration
Number |
1999/024550/07 |
|
Registration
Date |
1999/03/11 |
|
Date
Commenced Trading |
1999 |
|
Age of
Business |
13 Years 4
Months |
|
History of
Business |
The
subject is a family business. |
|
Shareholders/Members/Partners
of subject and % holding |
85% V
PITOUT (Father)25% B PITOUT (Son) |
|
Authorised
Share Capital |
R 100.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Ironmongery
wholesalers |
|
Industry/
Customers |
Manufacturers
of iron products such as handles, fittings |
|
Export |
Import |
|
Major
Industry Code / SICC |
35101 |
|
Definition
of Code |
Basic iron
and steel industries, except steel pipe and tube mills |
|
Head Office
Physical Address |
Corner of Deodar and Constantia
RoadsPOMONAKempton ParkGAUTENG |
|
Head
Office Postal Address |
P O BOX
7823BIRCHLEIGH1621 |
|
Current
Tel Number |
0113984300 |
|
Cell
Number |
0833336083 |
|
Current
Email Address |
|
|
Web Site
Address |
|
Company Registered Name |
T VOSLOO AND ASSOCIATES INCORPORATED |
|
Postal Address |
P.O. BOX 914, BEDFORDVIEW, 2008 |
|
Practice Number |
900250 |
|
No of years in Business |
2 |
|
Company
Name |
Phone Number |
Time with
previous auditors |
|
MALHERBE
LOURENS |
Unknown |
13 |
|
HBLT CHARTERED ACCOUNTANTS INC |
Unknown |
Unknown |
|
HILLCOAT TERBLANCHE AND ASSOCIATES |
Unknown |
Unknown |
|
NEXIA HABLT CHARTERED ACCOUNTANTS
(EAST RAND) INC. |
Unknown |
6 |
|
Vat Number |
4930218484 |
|
Status |
ACTIVE |
|
Vat Liable
Date |
2005/05/01 |
|
Tax Number |
9387090641 |
|
Tax
Clearance Expire Date |
2013/02/28 |
|
Financial
Year End |
February |
|
Status |
Yes |
|
Comment |
The director
was aware of a BEE rating but could not give details. |
No
Information on Record
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Subsidiaries
Information - No Information on Record
|
Number of
Employees |
33 |
|
1.
Salaried employees |
33 |
|
Company
Fleet |
No of
vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The Fleet
is made up of |
8 |
|||
|
Comment |
The value and outstanding amounts were not known. |
|||
|
Cars |
2 |
Owned |
|
|
|
Trucks |
6 |
Owned |
|
|
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Leased |
|
Rental Company |
LOUIS VAN DER WALT |
|
Lease Agreement |
Unknown |
|
Type of Premises |
Offices and warehouse. |
No Information on Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
No Information on Record
Note: One
level up and all levels down
No
Information on Record
|
Trade
Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
|
|
|
|
We are
still awiating the subject to provide trade references, however the director
is currently on leave. We await a reply. |
Trade References Detail
|
Nr |
Age of Acc |
Credit
Limit |
Max Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
|
|
|
|
|
|
|
Adverse Information on
Subject
Judgements
- No information on record
Business
Rescue - No Information on Record
Default
Listing - No information on record
Notarial
Bonds - No information on record
|
Bank |
NEDBANK |
Bank Code History
No Information on Record
Previous Bank Account Information
No Information on Record
Deeds Information
No information on record
|
CURRENT
ASSETS |
R 2.00 |
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/
From? |
|
|
Loan
Details |
|
|
LONG TERM
LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
|
|
Estimated
Current Year Turnover |
|
|
Current
Turnover per month |
|
|
Current
Turnover per annum |
|
|
Comment |
|
|
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 |
|
Number of
Principals |
2 |
|
Average
Age of Active Principals |
46 |
Principal
- 1 of 2 BRENDAN PITOUT
|
Surname |
PITOUT |
|
First Name |
BRENDAN |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID Number |
7912015122087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
33 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2003/02/20 |
|
Physical Address
(at time of Appointment) |
15
OPPIKRUIN, FISKAAL STREET, GLEN MARAIS, 1621 |
|
Postal
Address |
P O BOX
7823, BIRCHLEIGH, 1621 |
|
Current
Tel Number |
0113121790 |
|
Cell
number |
0833336083 |
|
Shareholding/Membership |
85% |
Principal's
Adverse - No information on record
Business
Information for BRENDAN PITOUT Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AQUILLA BUSINESS DEVELOPMENT (PTY)LTD |
1999/024550/07 |
In Business |
13 Years 4
Months |
0 |
No |
|
|
SOVEREIGN
LOCK (PTY)LTD |
2007/035292/07 |
In Business |
4 Years 7 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 11
Years
|
Company Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CAMILEON SALES (PTY)LTD |
2000/023221/07 |
Deregistration Final |
11 Years 10 Months |
0 |
No |
|
Principal Deeds Information Property Interests for BRENDAN
PITOUT
|
Title Deed
No. |
ST97851/2002 |
Erf/Site
No. |
2404 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
15 FISKAAL
GLENMARAIS KEMPTON PARK |
|
Property
Type |
Sectional
Title / Unit |
Extent /
Size |
114.0SQM |
|
Purchase
Date |
2002/06/26 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
NEDCOR
BANK LTD |
|
Bond
Number |
SB704692002 |
Bond
Amount |
|
|
Comment |
|
||
Principal -
2 of 2 VERNON PITOUT
|
Surname |
PITOUT |
|
First Name |
VERNON |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID Number |
5204065035001 |
|
Verified
ID Number |
Yes |
|
Current
Age |
60 |
|
Status |
Active |
|
Appointment
Date |
1999/11/03 |
|
Physical
Address (at time of Appointment) |
20 PUERTO
BANUS, VLEI ROAD, GLEN MARIAS, 1619 |
|
Postal
Address |
P O BOX 10019,
ASTON MANOR, 1630 |
|
Current
Tel Number |
0113911428 |
|
Cell
number |
0844665106 |
|
Shareholding/Membership |
15% |
Principal's
Adverse - No information on record
Business Information for VERNON PITOUT Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
AQUILLA BUSINESS DEVELOPMENT (PTY)LTD |
1999/024550/07 |
In Business |
13 Years 4 Months |
0 |
No |
|
LOVE
ABLAZE |
2001/011289/08 |
In Business |
11 Years 2 Months |
0 |
No |
Principal Previous Business Interests
Average Age of Previous Business 12
Years
|
Company Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
|
VERLIN
INDUSTRIES (PTY)LTD |
1978/003423/07 |
Deregistration Final |
33 Years 10 Months |
0 |
No |
|
CAMILEON SALES (PTY)LTD |
2000/023221/07 |
Deregistration Final |
11 Years
10 Months |
0 |
No |
|
J K
DIGITAL IMAGE SOLUTIONS CC |
2000/050846/23 |
Deregistration Final |
11 Years
11 Months |
0 |
No |
|
CEDAR POINT TRADING 27 (PTY)LTD |
2006/016027/07 |
Deregistration Final |
6 Years 2
Months |
0 |
No |
|
LIFEWORX
LEADERSHIP INSTITUTE (PTY)LTD |
2007/026104/07 |
Deregistration Final |
4 Years 10
Months |
0 |
No |
|
C2C CARGO
(PTY)LTD |
M2000/023007/07 |
Dissolved |
11 Years
10 Months |
0 |
No |
Principal
Deeds Information Property
Interests for VERNON PITOUT
|
Title Deed
No. |
|
Erf/Site
No. |
|
|
Deeds
Office |
|
Physical
Address |
|
|
Property
Type |
|
Extent /
Size |
|
|
Purchase
Date |
|
Purchase
price |
|
|
%
Ownership |
|
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.56.37 |
|
UK Pound |
1 |
Rs.87.44 |
|
Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.