|
Report Date : |
15.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
EXCLUSIVE ACCESS TRADING 828 (PTY) LTD |
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Formerly Known As : |
MAVROMAC (PTY) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
19.10.2010 |
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Com. Reg. No.: |
2010/021279/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Importing and sale of furnishing fabrics, wall coverings etc: |
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No. of Employees : |
50 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
MAVROMAC
(PTY) LTD |
|
Country |
|
|
Requested Credit Limit |
$
150 000 000 |
|
Enquiry Terms |
D/A |
|
Account Review |
Days |
|
Subject Contact person |
Inez-
Bookkeeper |
|
Assessment |
This
is a fairly new business meeting commitments with suppliers within terms. Normal
business dealings reach approximately R200 000 per month. A
bank code D was obtained for R1000 000. Your
figure is therefore too high. |
|
Registered Name |
EXCLUSIVE ACCESS TRADING 828 (PTY) LTD |
|
Trading as/ Division Name |
MAVROMAC THE GATE HOUSE |
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Previous Name |
MAVROMAC (PTY) LTD |
|
Date of Name Change |
May 2011 |
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Registration Number |
2010/021279/07 |
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Registration Date |
2010-10-19 |
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Date Commenced Trading |
2010-05-23 |
|
Age of Business |
1 years 8 months |
|
History of Business |
The subject was formed from operations and assets of another company
namely MAVROMAC (PTY) LTD that had been trading since 1983 |
|
History of Principals |
MRS
MACDONALD was also a shareholder and director in MAVROMAC (PTY) LTD. |
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Shareholders and % holding |
Unknown |
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Authorised Share Capital |
R1000 |
|
Issued Share Capital |
R120 |
|
Status |
In Business |
|
Operations Assessment |
Importing
and sale of furnishing fabrics, wall coverings etc: |
|
Industry/ Customers |
Designers, hotel groups, etc: |
|
Export |
No |
|
Major Industry Code / SICC |
61310 Wholesale Retail |
|
Definition of Code |
Wholesale trade in textiles, clothing and footwear |
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Head Office Physical Address |
Mavromac House 12d KRAMERVILLE |
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Head Office Postal Address |
WENDYWOOD 2144 |
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Current Tel Number |
011 4441584 |
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Cell number |
082 7729680 |
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Current Fax Number |
011 4441584 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
BDO SOUTH AFRICA INC |
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Trading Name |
BDO |
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Registration Number |
1995/002310/21 |
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Physical Address |
PARKTOWN |
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Postal Address |
Private Bag X 60500 HOUGHTON 2041 |
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Contact Person |
Felisa Van der Merwe |
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Contact Number |
011 488 1700 |
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Email |
|
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Principals |
43 |
|
Judgements Against Subject |
No information on record |
|
Judgements Against Principals |
No information on record |
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Subject Verified as Client |
Yes |
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Profession Number |
905526E |
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VAT Number |
4910148685 |
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Tax Number |
904048884 |
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BEE Status |
B-BBEE level six contributor |
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Financial Year End |
December |
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Years With Auditors |
11 years |
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Website |
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Company Name |
Phone Number |
Time with previous auditors |
|
CAP Chartered
Accountant |
|
Unknown |
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Accuity
Chartered Accountant |
|
Unknown |
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Vat Number |
4540258185 |
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Status |
Active |
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Vat Liable Date |
Monthly |
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Tax Number |
9459909165 |
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Tax Clearance Expire Date |
Uknown |
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Financial Year End |
March |
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Status |
None |
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Score |
|
|
Expire Date |
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BEE Certificate Available |
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Type of ISO Grade |
Unknown |
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ISO Certificate |
Yes/No |
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ISO Certificate Available |
Yes/No |
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Certified by an Accredited Agent |
Yes/No |
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Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
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Shareholding |
|
|
Registration Number |
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Import / Export |
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Number of
Employees |
50 |
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1. Salaried
employees |
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2. Waged
employees |
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3. Permanent
employees |
50 |
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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 |
3 |
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The Fleet is made up of |
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1. Cars |
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2. Light
Delivery Vehicles |
3 |
Owned |
R300 000 |
None |
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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 |
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Head Office Owned/ Rented |
Rented |
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Rental Company |
BIG BRIGHT PROPERTIES (PTY) LTD- owned by MRS M M MACDONALD |
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Owned by |
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Value |
R12 000 000 |
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Bond |
None |
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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 |
Warehouse and Showroom |
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Branches Names |
Country |
Province |
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|
021 7974739 |
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Branches Owned/ Rented |
|
|
Rental Company |
BIG BRIGHT PROPERTIES (PTY) LTD |
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Owned |
Owned |
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Value |
12 000 000 |
Branches Owned/ Rented |
|
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Rental Company |
Unknown |
Branches Owned/ Rented |
|
|
Rental Company |
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|
Owned |
Owned |
|
Value |
R10 000 000 |
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Bank |
|
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Bond |
R4 000 000 |
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Lease Agreement |
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|
Lease Expire Date |
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Type of Premises |
Showroom |
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Level |
Position |
Name |
|
1. |
Managing Director |
H Swart |
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2. |
Director |
J Swart |
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3. |
Director |
M Swart |
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
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None |
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Company |
Value |
Contact |
|
None |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
TOLL GLOBAL FORWARDING |
011 5752600 |
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|
|
2 |
BACKS SAMPLING |
011 477 4717 |
None |
None |
|
3 |
SVENMILL (CT) |
021
9378600 |
R100 000 Insured with CGIC |
None |
|
4 |
MODART (CT) |
021 5343587 |
None |
None |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
10 years |
Confidential |
Confidential |
30 days |
Confidential |
30 days |
Very Good |
|
2 |
+ 8 Years |
Open |
R 200 000 |
30 days |
R 5000 |
30 days |
Excellent |
|
3 |
8 Years |
Confidential |
R 100 000 |
60 days |
R 50 000 |
60 days |
Excellent |
|
4 |
15 Years |
Open |
R 100 000 |
30 days |
R 50 000 |
30 days |
Excellent |
History of Trade References
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Old |
Declined |
Declined figures |
30 days |
Declined figures |
30 days |
Excellent |
|
2 |
Unable to |
Obtain |
As |
Phone |
Remains
unanswered |
|
|
Adverse Information on Subject
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 |
NEDBANK |
|
Branch |
BUSINESS BANKING CENTRAL JHB |
|
Bank Account Number |
1007070595 |
|
Type of Account |
Current |
|
Account Name |
EXCLUSIVE ACCESS TRADING 828 (PTY) LTD t/a
Mavromac |
|
Overdraft Facilities |
Yes/No |
|
Date Opened |
Unknown |
|
Bank Code |
D |
|
Bank Comment |
The subjects bankers consider them good for moderate business
engagements. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
STANDARD BANK |
|
MAVROMAC |
UNKNOWN |
1983 |
OLD ACCOUNT |
Property Interests for Company
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
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Property Type |
|
Extent / Size |
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|
Purchase Date |
|
Purchase price |
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% Ownership |
|
Bond Holder |
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|
Bond Number |
|
Bond Amount |
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Financial Estimates
|
CURRENT ASSETS |
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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 |
|
|
Creditors |
|
|
Loans/ From? |
|
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LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
Under EXCLUSIVE ACCESS TRADING 828 (PTY)
LTD- R52 000 000 |
|
Current Turnover per month |
|
|
Current Turnover per annum |
Under MAVROMAC (PTY) LTD- R 47 000 000 |
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 |
3 |
|
Average Age of Active Principals |
33 |
Principal 1 of 3: MARGUERITA MACDONALD
|
Surname |
MACDONALD |
|
First Name |
MARGUERITA |
|
Other Names |
MARINA |
|
Marital Status |
Married |
|
ID Number |
5609070822088 |
|
Verified ID Number |
Yes |
|
Current Age |
56 |
|
Designation |
Director |
|
Status |
ACTIVE |
|
Appointment Date |
2011-11-18 |
|
Physical Address (at time of Appointment) |
Cloudbreak 30 Bishops Court Drive CAPE TOWN |
|
Postal Address |
AS ABOVE |
|
Current Tel Number |
021 797 4739 |
|
Cell number |
082 4535213 |
|
Current Fax Number |
011 4441584 |
|
Current Email Address |
|
|
Shareholding |
Unknown |
Adverse
Information for: MARGUERITA MACDONALD
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: MARGUERITA MACDONALD
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
Big Bright
Properties (Pty) Ltd |
1995/000499/07 |
In Business |
17 years 5
months |
0 |
No |
|
Camp Cottage
(Pty) Ltd |
1997/003167/07 |
In Business |
15 years 3
months |
0 |
No |
|
Mezzogiorno (Pty) Ltd |
1998/012626/07 |
In Business |
13 years 11
months |
0 |
No |
|
Quercus (Pty)
Ltd |
M1998/013103/07 |
In Business |
1 Years 8 months |
0 |
No |
|
Mavromac (Pty)
Ltd |
M2010/021279/07 |
In Business |
1 Years 8 months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Property
Interests for: MARGUERITA MACDONALD
|
Title Deed No. |
T39044/2009 |
Erf/Site No. |
|
|
Deeds Office |
Cape Town |
Physical Address |
Weltevreden
Valley North |
|
Property Type |
Freehold/Ervin |
Extent / Size |
160 sqm |
|
Purchase Date |
2009-06-24 |
Purchase price |
R 90 000,00 |
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal
2 of 3: HANNEKE SWART
|
Surname |
SWART |
|
First Name |
HANNEKE |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6701140415081 |
|
Verified ID Number |
Yes |
|
Current Age |
45 |
|
Designation |
General Manager |
|
Status |
Active |
|
Appointment Date |
2011-07-21 |
|
Physical Address (at time of Appointment) |
3 Ronmar
Road Morningside JOHANNESBURG 2196 |
|
Postal Address |
PO Box 4947 RIVONIA 2128 |
|
Current Tel Number |
011 4441584 |
|
Cell number |
083 3001810 |
|
Current Fax Number |
011 4441541 |
|
Current Email Address |
|
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for HANNEKE SWART
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for HANNEKE SWART
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Previous
Business Interests HANNEKE SWART
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Property
Interests for HANNEKE SWART
|
Title Deed No. |
T51081/2003 |
Erf/Site No. |
|
|
Deeds Office |
Pretoria |
Physical Address |
3 Ronmar Morningside |
|
Property Type |
Freehold/Ervin |
Extent / Size |
1978 sqm |
|
Purchase Date |
2003-02-22 |
Purchase price |
R 1 175 000 |
|
% Ownership |
|
Bond Holder |
STANDARD BANK OF
SOUTH AFRICA |
|
Bond Number |
B346342003 |
Bond Amount |
R 1 000 000 |
Principal 3 of 3: JURIE SWART
|
Surname |
SWART |
|
First Name |
JURIE |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6506085068088 |
|
Verified ID Number |
Yes |
|
Current Age |
47 |
|
Designation |
Business Person |
|
Status |
Active |
|
Appointment Date |
2011-03-14 |
|
Physical Address (at time of Appointment) |
3 Ronmar Road Morningside 2196 |
|
Postal Address |
93 Grayston Drive Sandton 2196 |
|
Current Email Address |
|
|
Shareholding |
(if the principal owns shares) |
Adverse Information for JURIE SWART
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for JURIE SWART
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
Setsing
Financial Service (Pty) Ltd |
1997/005496/07 |
In Business |
|
0 |
No |
|
N3 Toll
Concession (Pty) Ltd |
1998/020534/07 |
In Business |
|
0 |
No |
|
Aced Cookhouse
South Wind Farm (Pty) Ltd |
2009/006954/07 |
In Business |
|
0 |
No |
|
Bloemfoentein
Correctional Contracts (Pty) Ltd |
2011/107902/07 |
In Business |
|
0 |
No |
|
Zader
Investments SPV 2 (Pty) Ltd |
1998/004523/07 |
In Business |
|
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
9 years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
Milprops 169 CC |
1999/0445323/23 |
Deregistration
Final |
12 years 10
months |
0 |
No |
|
Oak Park Trading 8 (Pty) Ltd |
2006/015942/07 |
In Business |
6 years 1 month |
0 |
No |
Property Interests for JURIE SWART
|
Title Deed No. |
T51081/2003 |
Erf/Site No. |
|
|
Deeds Office |
Pretoria |
Physical Address |
3 Ronmar Morningside Sandton |
|
Property Type |
Freehold |
Extent / Size |
1978 sqm |
|
Purchase Date |
2003-02-22 |
Purchase price |
R
1 175 000 |
|
% Ownership |
|
Bond Holder |
Standard Bank of
South Africa Ltd |
|
Bond Number |
B346342003 |
Bond Amount |
R 1 000 000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.79 |
|
|
1 |
Rs.86.37 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 SCs 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.