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Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
110 Kirtlington Ridge, |
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Country : |
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Date of Incorporation : |
10.08.1999 |
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Com. Reg. No.: |
1999/046065/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Retail of all equestrian products |
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No. of Employees : |
Not
Available |
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 : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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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 |
PELICAN COAST INVESTMENTS CC |
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Country |
SOUTH AFRICA |
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Subject Contact person |
CRISTINE MUDGWAY-DIRECTOR-(0317652511) |
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Assessment |
On investigation we made contact with the subject and we were referred to the Director CRISTINE MUDGWAY. She has declined to assist with any information on the subject as she feels the company should not be investigated as it is merely an importer of goods. Please see available information on the subject below. |
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Registered Name |
PELICAN COAST INVESTMENTS CC |
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Trading as/ Division Name |
PELICAN COAST INVESTMENTS |
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Previous Name |
Unavailable |
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Date of Name Change |
Unavailable |
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Registration Number |
1999/046065/23 |
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Registration Date |
1999/08/10 |
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Date Commenced Trading |
1999/08/10 |
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Age of Business |
12 Years 10 Months |
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History of Business |
Started as a new business in 1999 |
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History of Principals |
1 |
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Shareholders and % holding |
100%CHRISTINE MUDGWAY |
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Authorised Share Capital |
Unavailable |
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Issued Share Capital |
Unavailable |
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Status |
In Business |
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Operations Assessment |
Retail of all equestrian products |
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Industry/ Customers |
Horse riders and farmers. |
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Export |
Unavailable |
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Major Industry Code / SICC |
6239 |
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Definition of Code |
Other
retail trade in specialised stores |
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Head Office Physical Address |
110 Kirtlington Ridge 3600 |
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Head Office Postal Address |
PO Box 2116 |
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Current Tel Number |
031 765 2511 |
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Cell number |
082 414 8828 |
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Current Fax Number |
086 519 0015 |
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Current Email Address |
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Web Site Address |
WE COULD NOT CONTACT THE AUDITORS HOWEVER CIPRO STATES THAT THE AUDITORS COMPANY IS DEREGISTERD
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Company Registered Name |
DAVID STRACHAN AND TAYLOR INC |
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Trading Name |
DAVID STRACHAN AND TAYLOR |
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Registration Number |
2006/027941/21 |
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Physical Address |
19TH Floor 320 West Street DURBAN |
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Postal Address |
PO Box 1858 DURBAN 4000 |
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Contact Person |
Unavailable |
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Contact Number |
031 3105 600 |
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Email |
Unavailable |
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Principals |
15 |
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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 |
906352E |
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VAT Number |
Unavailable |
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Tax Number |
9112379160 |
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BEE Status |
Unavailable |
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Financial Year End |
February |
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Years With Auditors |
13 |
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Website |
None |
Previous Auditors
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Company Name |
Phone Number |
Time with previous auditors |
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ADAM BAKER DATAY AND TAYOB |
Unavailable |
Unavailable |
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Vat Number |
4120188125 |
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Status |
Active |
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Vat Liable Date |
2000/06/01 |
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Tax Number |
9122216204 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
February |
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Status |
Unavailable |
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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 |
Unavailable |
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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 |
Unavailable |
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Compliance Certified |
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Subsidiaries
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Subsidiary Company |
Unavailable |
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Shareholding |
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Registration Number |
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Import / Export |
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Number of
Employees |
Unavailable |
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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 |
Unavailable |
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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 |
Unavailable |
Head Office Owned/ Rented |
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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 |
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Branches
Names |
Country |
Province |
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Unavailable |
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Branches Owned/ Rented |
Unavailable |
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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
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Level |
Position |
Name |
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Unavailable |
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Company Structure
(Ownership)
Note: One level up and
all levels down
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Holding |
Company |
Sub |
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Unavailable |
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Key deals signed within the past 12
months.
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Company |
Value |
Contact |
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Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
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1 |
Unavailable |
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Trade References
Detail
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
Unavailable |
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Judgements
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Judgements |
None |
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Possible
Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Business Rescue
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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 |
INVESTEC BANK |
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Branch |
Unavailable |
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Bank Account Number |
10011224147 |
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Type of Account |
Unavailable |
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Account Name |
Palican Coast Investments cc |
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Overdraft Facilities |
Unavailable |
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Date Opened |
Unavailable |
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Bank Code |
Unavailable |
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Bank Comment |
Unavailable |
Bank Codes History
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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
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Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Property Interestsfor Company
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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 |
Unavailable |
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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:
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Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
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Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
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Number of Principals |
1 |
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Average Age of Active Principals |
58 |
Active Principals
Principal 1 of 1: CHRISTINE MUDGWAY
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Surname |
MUDGWAY |
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First Name |
CHRISTINE |
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Other Names |
None |
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Marital Status |
Unavailable |
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ID Number |
5407060181106 |
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Verified ID Number |
Yes |
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Current Age |
58 |
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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) |
Unit 8 Devon Village 23 Sutton Avenue Umhlanga Manors 4320 |
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Postal Address |
PO Box 1858 DURBAN 4000 |
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Current Tel Number |
0317652511 |
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Cell number |
0824148828 |
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Current Fax Number |
Unavailable |
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Current Email Address |
Unavailable |
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Shareholding |
100% |
Adverse
Information for :CHRISTINE MUDGWAY
Judgement
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Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
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Default data |
None |
Business
Information for
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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PELICAN COAST INVESTMENTS CC |
1999/046065/23 |
In Business |
12 Years 10 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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LUX CARS CC |
1990/027054/23 |
Deregistration Final |
21 Years 10 Months |
0 |
No |
Deeds
Information
Property
Interestsfor :CHRISTINE MUDGWAY
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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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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.56.05 |
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UK Pound |
1 |
Rs.86.69 |
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Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.