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Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
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Name : |
COALITION TRADING 444 CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
08.06.2004 |
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Com. Reg. No.: |
2004/054328/23 |
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Legal Form : |
Close Company |
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Line of Business : |
Imports Sport Equipment, Medical Supplies |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 |
|
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 |
COALITION
TRADING 444 CC |
|
Country |
SOUTH
AFRICA |
|
Enquiry Terms |
D/A |
|
Account Review |
6
MONTHS |
|
Subject Contact person |
JOHN MCALERY-031 3033002 |
|
Assessment |
This
is well established company. We
were unable to obtain Trade Reference A
bank code revealed that the subject would be considered as equal to R 1 000
000 over 30 days The subject
is considered as equal to its normal business engagements. |
|
Registered Name |
COALITION TRADING 444 CC |
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Trading as/ Division Name |
None |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
2004/054328/23 |
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Registration Date |
2004-06-08 |
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Date Commenced Trading |
2004-06-08 |
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Age of Business |
8 Years |
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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% JOHN MC ALERY |
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Authorised Share Capital |
R 1000 |
|
Issued Share Capital/Members
Contribution |
R 100 |
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Status |
This Business is Active |
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Operations Assessment |
Imports Sport Equipment,
Medical Supplies |
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Industry/ Customers |
Mr Price etc. |
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Export |
None |
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Major Industry Code / SICC |
Manufacture of medical and
surgical equipment and orthopaedic appliances |
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Definition of Code |
3741 |
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Head Office Physical Address |
3 Gainford Place La Lucia KWAZULU NATAL 4051 |
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Head Office Postal Address |
PO Box 22131 GLENASHLEY 4022 |
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Current Tel Number |
031 3033002 |
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Cell number |
083 2292798 |
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Current Fax Number |
0866119483 |
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Current Email Address |
amc@global.co.za |
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Web Site Address |
None |
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Company Registered Name |
SJ & A CHARTED ACCOUNTANTS |
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Trading Name |
None |
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Registration Number |
6506065198087 |
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Physical Address |
31 Vause Street Masgrave 4070 |
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Postal Address |
PO Box 48619 QUALBERT 4078 |
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Contact Person |
KEVIN READY |
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Contact Number |
031 2017940 |
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Email |
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Principals |
1 |
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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 |
00171005 |
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VAT Number |
Unavailable |
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Tax Number |
9149245186 |
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BEE Status |
Level 3 |
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Financial Year End |
February |
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Years With Auditors |
4 Years |
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Website |
None |
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Company Name |
Phone Number |
Time with previous auditors |
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None |
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Vat Number |
4570216277 |
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Status |
Active |
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Vat Liable Date |
2004-11-01 |
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Tax Number |
9372522152 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
February |
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Status |
None |
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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 |
Head Office Owned/ Rented |
Owned |
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Rental Company |
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Owned by |
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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 |
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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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Level |
Position |
Name |
|
1 |
DIRECTOR |
JOHN
MC ALERY |
Note: One level up and all levels down
|
Holding |
Company |
Sub |
|
100% |
JOHN
MC ALERY |
None |
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Company |
Value |
Contact |
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None |
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Trade Reference nr |
Supplier |
Contact |
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1 |
NASHUA MOBILE |
011 2078000 |
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2 |
MWEB |
0860 112225 |
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3 |
SA HEALTH |
031 5691641 |
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4 |
INSURANCE BROKERS |
031 5345300 |
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5 |
TELKOM |
0800 375375 |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
Do |
Not |
Give |
Trade |
reference |
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2 |
Do |
Not |
Give |
Trade |
reference |
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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
|
Date |
Details |
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None |
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Notarial Bonds
|
Date |
Details |
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None |
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Bank |
STANDARD BANK |
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Branch |
DURBAN NORTH |
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Bank Account Number |
251198553 |
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Type of Account |
CURRENT |
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Account Name |
COALITION TRADING 444 CC |
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Overdraft Facilities |
Yes For R 500 000.00 |
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Bank Code |
C for R 1 500 000.00 |
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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 |
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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
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CURRENT ASSETS |
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Stock |
R 500 000.00 |
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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? |
None |
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LONG TERM LIABILITIES |
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Morgage Bonds |
R 20 000.00 |
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Previous Year Turnover |
|
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Estimated Current Year Turnover |
R 9 000 000.00 |
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Current Turnover per month |
R 750 000.00 |
|
Current Turnover per annum |
R 9 000 000.00 |
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 |
48 |
Principal 1 of 1: JOHN MCALERY
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Surname |
MCALERY |
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First Name |
JOHN |
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Other Names |
None |
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Marital Status |
Married |
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ID Number |
6304165182000 |
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Verified ID Number |
Yes |
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Current Age |
49 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2006-01-30 |
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Physical Address (at time of Appointment) |
3 Gainford Place La Lucia KWAZULU NATAL 4051 |
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Postal Address |
PO Box 22131 GLENASHELY 4022 |
|
Current Tel Number |
031 3033002 |
|
Cell number |
083 2292798 |
|
Current Fax Number |
0866119483 |
|
Current Email Address |
amc@global.co.za |
|
Shareholding |
100% |
Adverse Information for: JOHN MCALERY
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: JOHN MCALERY
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
COALITION TRADING 444 CC |
2004/054328/23 |
In Business |
8 Years |
0 |
No |
Previous Business Interests
|
Average Age of Previous Business Interests |
13 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
JUDAS PEAK INVESTMENTS (PTY)
LTD |
1995/006460/07 |
Deregistration Final |
16 Years 11 Months |
0 |
No |
|
SUPER-BRANDS (PTY) LTD |
M2001/013113/07 |
In Business |
11 Years |
0 |
No |
Property Interestsfor: JOHN
MCALERY
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
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Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
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% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
|
1 |
Rs.85.63 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.