MIRA INFORM REPORT

 

 

Report Date :

27.06.2012

 

IDENTIFICATION DETAILS

 

Name :

D AND M ANTIQUES (PTY) LTD

 

 

Registered Office :

66 Waterkant Street De Waterkant Cape Town 8005

 

 

Country :

South Africa

 

 

Date of Incorporation :

08.12.2004

 

 

Com. Reg. No.:

2004/035076/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

The subject’s involved in the import and retail of a wide range of antique furniture and décor pieces such as architectural pieces; doors, windows, pillars, beams, bookcases, tables, beds, mirror frames, chandeliers.

 

 

No. of Employees :

Deemed Confidential

 

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


summery

 

Subject Name

D AND M ANTIQUES (PTY) LTD

Country

SOUTH AFRICA

Requested Credit Limit

US $ 150 000 000

Enquiry Terms

D/A

Account Review

Every 3 months

Subject Contact person

NICO – Manager

Assessment

 

 

 

On investigation  we made contact with NICO the manager for the subject who informed us that he will not assist with  financial information  and trade references.

This is an established company dating back to 2004.

Please bear in mind the lack of financial information when dealings are contemplated.

Please see the available information for the subject below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Information

 

Registered Name

D AND M ANTIQUES (PTY) LTD

Trading as/ Division Name

PRIVATE COLLECTIONS

Previous Name

None

Date of Name Change

None

Registration Number

2004/035076/07

Registration Date

2004-12-08

Date Commenced Trading

2004-12-08

Age of Business

7 Years 6 Months

History of Business

None

History of Principals

None

Shareholders and  % holding

Unavailable

Authorised Share Capital

100

Issued Share Capital

100

Status

In Business

Operations Assessment

The subject’s involved in the import and retail of a wide range of antique furniture and décor pieces such as architectural pieces; doors, windows, pillars, beams, bookcases, tables, beds, mirror frames, chandeliers.

Industry/ Customers

INTERIOR DESIGNERS

Export

Yes

Major Industry Code / SICC

61391

 - 71231

Definition of Code

Wholesale trade in household furniture, requisites and appliances

 - Transport of furniture

Head Office Physical Address

 

 

66 Waterkant Street

De Waterkant

CAPE TOWN

8005

Head Office Postal Address

 

 

P O Box 11133

BLOUBERGRANT

7443

Current Tel Number

021 4210298

Cell number

None

Current Fax Number

021 4210269

Current Email Address

privcol@mweb.co.za

Web Site Address

www.privatecollections.co.za

 

 

Auditors Information

 

Company Registered Name

LDP SEKRETARIELE- EN ADMINISTRATIEWE DIENSTE (PTY) LTD

Trading Name

LDP INCORPORATED

Registration Number

2000/010037/07

Physical Address

De Waterkant

10 Helderberg

STELLENBOSCH

Postal Address

PO Box 920

STELLENBOSCH

7599

Contact Person

JACKIE

Contact Number

021 8885600

Email

info@ldp.co.za

Principals

7

Judgements Against Subject

None

Judgements Against Principals

None

Subject Verified as Client

Yes

Profession Number

944270

VAT Number

4540192632

Tax Number

9420059140

BEE Status

Level 2

Financial Year End

April

Years With Auditors

Unknown

Website

www.ldp.co.za

 

Previous Auditors

Company Name

Phone Number

Time with previous auditors

None

 

 

 

Tax Information

 

Vat Number

4420192967

Status

Active

Vat Liable Date

2001-06-01

Tax Number

9573028140

Tax Clearance Expire Date

Unavailable

Financial Year End

February

 

 

Black Economic Empowerment

 

Status

Yes

Score

Deemed Confidential

Expire Date

Unavailable

BEE Certificate Available

None Available

 

 

ISO Status

 

Type of ISO Grade

Unknown

 

 

Workman’s compensation

 

Registered

Yes

Compliance Certified

Yes

 

Company Structure

Subsidiaries

 

Subsidiary Company

None

Shareholding

 

Registration Number

 

Import / Export

 

 

Number of Employees

Deemed Confidential

 

 



Company Fleet

No of vehicles:

Owned/ Leased

Value

Outstanding Balance

Fleet Operations

Deemed Confidential

 

 

 

The Fleet is made up of

 

1.       Cars

 

 

 

 

2.       Light Delivery Vehicles

 

 

 

 

3.       Trailers

 

 

 

 

4.       Busses

 

 

 

 

5.       Trucks

 

 

 

 

6.       Fork Lifts

 

 

 

 

7.       Other

 

 

 

 

 

Offices

Deemed Confidential


Head Office Owned/ Rented

 

Rental Company

 

Owned by

 

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

 

 

 

Branches Names

Country

Province

None

 

 

 


Branches Owned/ Rented

None

           

Management Overview

Organisation chart

Level

Position

Name

Unavailable

 

 

 

Company Structure (Ownership)

Note: One level up and all levels down

Holding

Company

Sub

Unavailable

 

 

 

 

Trade References

Key deals signed within the past 12 months.

Company

Value

Contact

Deemed Confidential

 

 

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

1

Declined

 

 

 

 

Trade References Detail

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

Declined

 

 

 

 

 

 

 

 

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 Information

 

Bank

ABSA

Branch

CAPE TOWN

Bank Account Number

Declined

Type of Account

Declined

Account Name

Declined

Overdraft Facilities

Declined

Date Opened

Declined

Bank Code

Unavailable

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

 

 

 

 

 

 

Deeds Information

Property Interests for 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 Information

Financial Estimates

 

CURRENT ASSETS

Deemed Confidential

 

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

54

 

 

Active Principals

Principal 1 of 3: JOHN DE KOCK

 

Surname

DE KOCK

First Name

JOHN

Other Names

None

Marital Status

Married

ID Number

6811165007083

Verified ID Number

Yes

Current Age

44

Designation

Director

Status

Active

Appointment Date

2008-10-27

Physical Address (at time of Appointment)

8 Dieppe Street

PAARL

WESTERN CAPE

7646

Postal Address

PO Box 6109

PAARL

7620

Current Tel Number

021 8729720

Cell number

083 2706128

Current Fax Number

021 8631200

Current Email Address

privcooect@mweb.co.za

Shareholding

Unavailable

 

 

Adverse Information for: JOHN DE KOCK

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: JOHN DE KOCK

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

D AND M ANTIQUES (PTY) LTD

2004/035076/07

In Business

7 Years

6 Months

0

None

LITTLE BIG LIQUOR WHOLESALERS CC

1994/032489/23

In Business

17 Years

8 Months

0

None

RICH REWARDS TRADING 43 (PTY) LTD

2003/030895/07

In Business

8 Years

6 Months

0

None

THE MAYFAIR COLLECTION (PTY) LTD

2005/028412/07

In Business

6 Years

10 Months

3

None

CAMEL ROCK TRADING 320 CC

2007/113141/23

In Business

5 Years

 

1

None

 

Previous Business Interests

Average Age of Previous Business Interests

19 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

NG PROPERTIES (PTY) LTD

1984/011379/07

Deregistration

Final

27 Years

6 Months

0

None

ANGLO MAR ATLANTIS (PTY) LTD

1987/005473/07

In Business

24 Years

7 Months

0

None

CRU WINES INTERNATIONAL (PTY) LTD

1997/012979/07

In Business

14 Years

10 Years

0

None

AFRIVIN VINEYARDS (PTY) LTD

2001/027855/07

Deregistration

Final

14 Years

10 Years

0

None

JATHWEB(PTY) LTD

1998/013704/07

Deregistration

Final

13 Years

11 Years

3

None

 

 

Deeds Information

 

Property Interests for: JOHN DE KOCK

 

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 3: DANIEL MEYER

Surname

MEYER

First Name

DANIEL

Other Names

None

Marital Status

Unmarried

ID Number

5412185143007

Verified ID Number

Yes

Current Age

58

Designation

Director

Status

Active

Appointment Date

2004-12-08

Physical Address (at time of Appointment)

153 Waterkant Street

CAPE TOWN

8001

Postal Address

PO Box 6109

PAARL

7620

Current Tel Number

021 4210298

Cell number

082 5506526

Current Fax Number

021 4210269

Current Email Address

privcooect@mweb.co.za

Shareholding

Unavailable

 

Adverse Information for DANIEL MEYER

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for DANIEL MEYER

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

D AND M ANTIQUES (PTY) LTD

2004/035076/07

In Business

7 Years

6 Months

0

None

YOU DEAL WITH US TRADING CC

2006/113782/23

In Business

5 Years

11 Months

0

None

 

Previous Business Interests

Average Age of Previous Business Interests

26 Years 4 Months

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

HOUSE OF MONATIC (PTY) LTD

1998/000715/07

In Business

26 Years 4 Months

0

None

 

 

Deeds Information

 

Property Interests for DANIEL MEYER

 

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 3: MARIA VAN JAARSVELD

 

Surname

VAN JAARSVELD

First Name

MARIA

Other Names

None

Marital Status

Married

ID Number

5005280147087

Verified ID Number

Yes

Current Age

62

Designation

Member

Status

Active

Appointment Date

2004-12-08

Physical Address (at time of Appointment)

36 Buxton Road

ORANJEZICHT

8001

Postal Address

PO Box 11133

BLOUBERGRANT

7443

Current Email Address

privcooect@mweb.co.za

Shareholding

Unavailable

 

 

Adverse Information for MARIA VAN JAARSVELD

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for MARIA VAN JAARSVELD

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

D AND M ANTIQUES (PTY) LTD

2004/035076/07

In Business

7 Years

6 Months

0

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 Interests for MARIA VAN JAARSVELD

 

Title Deed No.

None

Erf/Site No.

 

Deeds Office

 

Physical Address

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.57.07

UK Pound

1

Rs.88.96

Euro

1

Rs.71.40

 

 

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 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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.