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Report Date : |
08.06.2012 |
IDENTIFICATION DETAILS
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Name : |
MORGAN AND MANN CC |
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Formerly Known As : |
MORGAN AND MANN (PTY) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
17.05.2010 |
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Com. Reg. No.: |
B2010/069344/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Publishing of books,
brochures, musical books and other publications |
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No. of Employees : |
04 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Subject Name |
MORGAN AND MANN CC |
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Country |
SOUTH AFRICA |
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Subject Contact person |
NOMA NDLOVU- 011 2622000 |
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Assessment |
Total Credit Limit Exposure: R 180 000.00 This is a well established company The subject is meeting commitments timeously with suppliers A bank code revealed that the subject would be considered as equal to R1 000 000 over 30 days. It would be recommended that the subject is considered as equal to its normal business engagements. |
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Registered Name |
MORGAN AND MANN CC |
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Trading as/ Division Name |
None |
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Previous Name |
MORGAN AND MANN (PTY) LTD |
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Date of Name Change |
2010-05-17 |
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Registration Number |
B2010/069344/23 |
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Registration Date |
2010-05-17 |
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Date Commenced Trading |
2010-05-17 |
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Age of Business |
2 Years 1 Months |
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History of Business |
None |
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History of Principals |
None |
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Shareholders/Members/Partners of subject
and % holding |
100% DAVID SHARON |
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Authorised Share Capital |
R 1000 |
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Issued Share Capital/Members Contribution |
R 100 |
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Status |
This Business is Active |
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Operations Assessment |
Sell Books |
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Industry/ Customers |
Government Libraries, Department of
Education |
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Export |
BOTSWANA |
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Major Industry Code / SICC |
3241 |
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Definition of Code |
Publishing of books,
brochures, musical books and other publications. |
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Head Office Physical Address |
36 15th Street EASTGATE MALBORO |
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Head Office Postal Address |
PO Box 1327 GALLO MARNO 2093 |
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Current Tel Number |
011 2622000 |
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Cell number |
082 4141838 |
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Current Fax Number |
011 2623780 |
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Current Email Address |
Unavailable |
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Web Site Address |
None |
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Company Registered Name |
STEIN BALTSOUCOS AND ASSOCIATES |
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Trading Name |
None |
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Registration Number |
Partnership |
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Physical Address |
Unit 21 2nd Floor 1 Melrose Boulevard MELROSE ARCH JOHANNESBURG 2196 |
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Postal Address |
PO Box 2289 HIGHLANDS NORTH 2037 |
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Contact Person |
JOYCE TIESENOW |
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Contact Number |
011 6842190 |
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Email |
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Principals |
2 |
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Judgements Against Subject |
None |
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Judgements Against Principals |
None |
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Subject Verified as Client |
Yes |
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SAICA number |
900546 |
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VAT Number |
Unavailable |
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Tax Number |
Unavailable |
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BEE Status |
None |
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Financial Year End |
Unavailable |
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Years With Auditors |
Unavailable |
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Website |
None |
Previous Auditors
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Company Name |
Phone Number |
Time with previous auditors |
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None |
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Vat Number |
4660215148 |
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Status |
Active |
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Vat Liable Date |
2004-08-01 |
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Tax Number |
9395404156 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
February |
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Status |
In Progress |
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Score |
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|
Expire Date |
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BEE Certificate Available |
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Type of ISO Grade |
None |
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ISO Certificate |
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ISO Certificate Available |
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Certified by an Accredited Agent |
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Registered |
None |
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Compliance Certified |
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Subsidiaries
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Subsidiary Company |
None |
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Shareholding |
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Registration Number |
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Import / Export |
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Number of
Employees |
4 |
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1. Salaried
employees |
4 |
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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 |
None |
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The Fleet is made up of |
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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 |
Office/Warehouse |
Head Office Owned/ Rented |
Rent |
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Rental Company |
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Owned by |
EYE OF STORM 1 (PTY) LTD |
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Value |
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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 |
Office/Warehouse |
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Branches Names |
Country |
Province |
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None |
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Branches Owned/ Rented |
None |
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Rental Company |
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Owned |
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Value |
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Bank |
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Bond |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Organisation chart
|
Level |
Position |
Name |
|
1 |
DIRECTOR |
DAVID SHARON |
Company Structure
(Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
100% |
DAVID SHARON |
None |
Key
deals signed within the past 12 months.
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Company |
Value |
Contact |
|
None |
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Trade Reference nr |
Supplier |
Contact |
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1 |
VALUE LOGISTICS |
011 5702011 |
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2 |
PSD |
011 3926065 |
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3 |
AWARENESS PUBLISHING |
011 8027810 |
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4 |
EARLY READENESS |
011 8022513/083 6472513 |
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
4 Years |
R 100 000.00 |
R 50 000.00 |
30 Days |
R 50 000.00 |
30 Days |
Very Good |
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2 |
3 Years |
R 80 000.00 |
R 30 000.00 |
30 Days |
R 5 000.00 |
30 Days |
Very Good |
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3 |
Do |
Not |
Give |
Trade |
Reference |
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4 |
Do |
Not |
Give |
Trade |
Reference |
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Judgements
|
Judgements |
None |
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Possible
Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
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None |
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Default Listings
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Date |
Details |
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None |
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Notarial Bonds
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Date |
Details |
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None |
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Bank |
NEDBANK |
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Branch |
GAUTENG BUSINESS |
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Bank Account Number |
1284098672 |
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Type of Account |
CURRENT |
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Account Name |
MORGAN AND MANN |
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Overdraft Facilities |
Yes |
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Bank Code |
C for R 1 000 000.00 |
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Bank Comment |
The subject’s 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 |
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Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Property Interestsfor Company
|
Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Financial
Estimates
|
CURRENT ASSETS |
Deemed Confidential |
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Stock |
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Debtors |
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FIXED ASSETS |
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Plant, Equipment, Vehicles |
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Property |
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CURRENT LIABILITIES |
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Creditors |
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Loans/ From? |
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LONG TERM LIABILITIES |
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Morgage Bonds |
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Previous Year Turnover |
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Estimated Current Year Turnover |
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Current Turnover per month |
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Current Turnover per annum |
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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 |
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Average Age of Active Principals |
54 |
Active Principals
Principal 1 of 1: DAVID MORGAN
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Surname |
MORGAN |
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First Name |
DAVID |
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Other Names |
None |
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Marital Status |
Married |
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ID Number |
5807215222087 |
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Verified ID Number |
Yes |
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Current Age |
54 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
Unavailable |
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Physical Address (at time of Appointment) |
66 Lymm Street GLENHAZEL 2192 |
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Postal Address |
312 Norvick House, De Korte Street BRAAMFOTEIN 2017 |
|
Current Tel Number |
011 2622000 |
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Cell number |
082 4141838 |
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Current Fax Number |
011 2623780 |
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Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse Information for: DAVID MORGAN
Judgement
|
Number of Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: DAVID MORGAN
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
MEMORABLE INVESTMENT CC |
1989/026348/23 |
In Business |
22 Years 10 Months |
0 |
No |
|
SHANFIN INVESTMENTS CC |
1991/005645/23 |
Deregistration Process |
21 Years 3 Months |
0 |
No |
|
AVI”S PROPERTIES CC |
1994/010456/253 |
In Business |
18 Years 2 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
18 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
STAND 364 SANDOWN CC |
1992/025582/23 |
In Liquidation |
19 Years 9 Months |
0 |
Yes |
|
AVCOB PROPERTIES CC |
1994/010536/23 |
Deregistration Final |
18 Years 2 Months |
0 |
No |
|
36 VILLAGE BLUES CC |
1994/036807/23 |
Deregistration Final |
17 Years 7 Months |
0 |
No |
|
UNIT 21 VILLAGE BLUES CC |
1994/036807/23 |
Deregistration Final |
17 Years 7 Months |
0 |
No |
Deeds Information
Property
Interestsfor: DAVID MORGAN
|
Title Deed No. |
T92081/2006 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
SANDTON COUNTRY
CLUB ESTATE SANDTON |
|
Property Type |
Freehold/Ervin |
Extent / Size |
704.0SQM |
|
Purchase Date |
2006-03-15 |
Purchase price |
R 3 650 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
NEDBANK LTD |
|
Bond Number |
B1165862006 |
Bond Amount |
R 1 000 000.00 |
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.