|
Report Date : |
08.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
FESTAL TRADING (PTY) LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
12.10.2001 |
|
|
|
|
Com. Reg. No.: |
M2001/024603/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Selling Cars and Car Parts |
|
|
|
|
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 |
|
Payment Behaviour : |
Unknown |
|
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 |
FESTAL TRADING (PTY) LTD |
|
Country |
SOUTH AFRICA |
|
Subject Contact person |
PRITESH HARILAR-031 7001911 |
|
Assessment |
On investigation we made contact with PRITESH HARILAR who declined to assist over the phone he requested a questionnaire be sent to the company. We await further information to be sent. The address Physical Address: 11 STEELWAY ROAD, EMPANGENI RAIL and the postal address : PO Box 25, EMPANGENI, KWAZULU NATAL was the old address that had been provided. Please
see available information for the subject below. |
|
Registered Name |
FESTAL TRADING (PTY) LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M2001/024603/07 |
|
Registration Date |
2001-10-12 |
|
Date Commenced Trading |
2001-10-12 |
|
Age of Business |
10 Years 7 Months |
|
History of Business |
Unavailable |
|
History of Principals |
Unavailable |
|
Shareholders/Members/Partners of subject
and % holding |
Unavailable |
|
Authorised Share Capital |
Unavailable |
|
Issued Share Capital/Members Contribution |
Unavailable |
|
Status |
This Business is Active |
|
Operations Assessment |
Selling Cars and Car Parts |
|
Industry/ Customers |
General Public Car Dealerships |
|
Export |
Unavailable |
|
Major Industry Code / SICC |
Unavailable |
|
Definition of Code |
Unavailable |
|
Head Office Physical Address |
20 Kyalami Road Westmead Pinetown 3600 |
|
Head Office Postal Address |
Po Box 3093 Prestondale 4021 |
|
Current Tel Number |
031 7001911 |
|
Cell number |
Unavailable |
|
Current Fax Number |
035 7871448 |
|
Current Email Address |
|
|
Web Site Address |
Unavailable |
|
Company Registered Name |
NEXIAL LEVITT KIRSON |
|
Trading Name |
Unavailable |
|
Registration Number |
Unavailable |
|
Physical Address |
Unavailable |
|
Postal Address |
Unavailable |
|
Contact Person |
Unavailable |
|
Contact Number |
Unavailable |
|
Email |
Unavailable |
|
Principals |
Unavailable |
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
Unavailable |
|
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 |
|
DESAI JADWATT
INCORPORATED |
Unavailable |
Unknown |
|
PRICEWATERHOUSE
COOPERS INV |
Unavailable |
5 Years |
|
Vat Number |
4410207726 |
|
Status |
Active |
|
Vat Liable Date |
2003-09-01 |
|
Tax Number |
9025499147 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
March |
|
Status |
Unavailable |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Type of ISO Grade |
Unavailable |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited Agent |
|
|
Registered |
Unavailable |
|
Compliance Certified |
|
Subsidiaries
|
Subsidiary Company |
Unavailable |
|
Shareholding |
|
|
Registration Number |
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|
Import / Export |
|
|
Number of
Employees |
Unavailable |
|
1. Salaried
employees |
|
|
2. Waged
employees |
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|
3. Permanent
employees |
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|
4. Casual
employees |
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5. Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
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|
The Fleet is made up of |
Unavailable |
|||
|
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 |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
|
Branches Names |
Country |
Province |
|
Unavailable |
|
|
Branches Owned/ Rented |
Unavailable |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
|
Unavailable |
|
|
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
Unavailable |
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|
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2 |
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|
3 |
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Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Unavailable |
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2 |
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3 |
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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 Information
|
Bank |
Unavailable |
|
Branch |
|
|
Bank Account Number |
|
|
Type of Account |
|
|
Account Name |
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|
Overdraft Facilities |
|
|
Date Opened |
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|
Bank Code |
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|
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 |
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|
|
|
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
|
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 |
6 |
|
Average Age of Active Principals |
44 |
Active Principal
Principal 1 of 6: CECILIA MARRYATT
|
Surname |
MARRYATT |
|
First Name |
CECILIA |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
7803200042083 |
|
Verified ID Number |
No |
|
Current Age |
34 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2011-09-01 |
|
Physical Address (at time of Appointment) |
Cedar Hills PRIVATE ESTATE B/C SANDTON 2146 |
|
Postal Address |
PO Box 78637 SANDTON 2146 |
|
Current Tel Number |
031 7001911 |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse
Information for :CECILIA MARRYATT
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: CECILIA MARRYATT
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property
Interestsfor: CECILIA MARRYATT
|
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 6: PRIEUR DU PLESSIS
|
Surname |
DU PLESSIS |
|
First Name |
PRIEUR |
|
Other Names |
None |
|
Marital Status |
None |
|
ID Number |
7504105027084 |
|
Verified ID Number |
Yes |
|
Current Age |
37 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2011-02-01 |
|
Physical Address (at time of Appointment) |
Unit 24 Royal Linksfield,22 Edward Drive SANDRINGHAM EXT3 2192 |
|
Postal Address |
No 2 The Saints, CXnr Bedford and Clarke Street, ST Andrews SENDERWOOD BEDFORDVIEW 2007 |
|
Current Tel Number |
011 2699800/011 3788609 |
|
Cell number |
082 3381878 |
|
Current Fax Number |
None |
|
Current Email Address |
None |
|
Shareholding |
Unavailable |
Adverse
Information for: PRIEUR DU PLESSIS
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: PRIEUR DU PLESSIS
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor: PRIEUR DU PLESSIS
|
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 3 of 6: ANDREW MC LAGGAN
|
Surname |
MC LAGGAN |
|
First Name |
ANDREW |
|
Other Names |
None |
|
Marital Status |
None |
|
ID Number |
7209145092086 |
|
Verified ID Number |
Yes |
|
Current Age |
40 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2011-02-01 |
|
Physical Address (at time of Appointment) |
808 Gosforth Cresent Kyalami MIDRAND 1684 |
|
Postal Address |
PO Box 11054 CENTURION 0046 |
|
Current Tel Number |
011 5232980/ |
|
Cell number |
082 3011186 |
|
Current Fax Number |
None |
|
Current Email Address |
None |
|
Shareholding |
Unavailable |
Adverse
Information for: ANDREW MC LAGGAN
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: ANDREW MC LAGGAN
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Previous Business Interests
|
Average Age of Previous
Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor: ANDREW MC LAGGAN
|
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 4 of 6: GEORGE WHEATLEY
|
Surname |
WHEATLEY |
|
First Name |
GEORGE |
|
Other Names |
None |
|
Marital Status |
None |
|
ID Number |
4411075080080 |
|
Verified ID Number |
Yes |
|
Current Age |
68 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2011-11-02 |
|
Physical Address (at time of Appointment) |
5 Pegasus Road MORNINGSIDE SANDTON 2196 |
|
Postal Address |
PO Box 2092 RIVONIA 2128 |
|
Current Tel Number |
011 4638248 |
|
Cell number |
082 3317355 |
|
Current Fax Number |
None |
|
Current Email Address |
None |
|
Shareholding |
unavailable |
Adverse
Information for: GEORGE WHEATLEY
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: GEORGE WHEATLEY
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor: GEORGE WHEATLEY
|
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 5 of 6: AHMED MOOLA
|
Surname |
MOOLA |
|
First Name |
AHMED |
|
Other Names |
None |
|
Marital Status |
None |
|
ID Number |
7505195040085 |
|
Verified ID Number |
Yes |
|
Current Age |
37 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2010-04-01 |
|
Physical Address (at time of Appointment) |
1 Elm Road WANDBECK KWAZULU NATAL 3629 |
|
Postal Address |
1 Elm Road WANDBECK KWAZULU NATAL 3629 |
|
Current Tel Number |
031 2669545 |
|
Cell number |
083 5728050 |
|
Current Fax Number |
None |
|
Current Email Address |
None |
|
Shareholding |
Unavailable |
Adverse Information
for:
AHMED MOOLA
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: AHMED MOOLA
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor: AHMED MOOLA
|
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 6 of 6: RAVINDRA DESAI
|
Surname |
DESAI |
|
First Name |
RIVINDRA |
|
Other Names |
None |
|
Marital Status |
None |
|
ID Number |
5901315158083 |
|
Verified ID Number |
Yes |
|
Current Age |
53 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2003-01-14 |
|
Physical Address (at time of Appointment) |
2 Kingfisher Crescent UMHLANGA 4319 |
|
Postal Address |
PO Box 3093 PRESTON DALE 4320 |
|
Current Tel Number |
031 5661152 |
|
Cell number |
083 7927132 |
|
Current Fax Number |
None |
|
Current Email Address |
None |
|
Shareholding |
Unavailable |
Adverse
Information for: RAVINDRA DESAI
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: RAVINDRA DESAI
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor: RAVINDRA DESAI
|
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.55.15 |
|
UK Pound |
1 |
Rs.85.22 |
|
Euro |
1 |
Rs.69.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.