|
Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
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Registered Office : |
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Country : |
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Date of Incorporation : |
2002/061414/23 |
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Com. Reg. No.: |
05.08.2002 |
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Legal Form : |
Close corporation |
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|
Line of Business : |
Manufacture
of structural non-refractory clay and ceramic products |
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|
No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
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|
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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 – September 30, 2011
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject Name |
|
|
Country |
|
|
Enquiry Terms |
D/A |
|
Account Review |
6 MONTHS |
|
Subject Contact person |
MARIA
BRAUNSCHWEIG-041 3683351 |
|
Assessment |
Total
Credit Limit Exposure:R 250 000 This
is well established company On
the investigation we established the company
is registered as AFRICA TIMBER BUILDING SUPPLIERS CC trading as VERSATILE
CERAMIC We
still await a Bank Code of R 1 500 000 The
subjects is meeting its commitment timeously with the suppliers. It
would be recommended that the subject is considered as equal to its normal
business engagements. |
|
Registered
Name |
|
|
Trading
as/ Division Name |
VERSATILE CERAMIC TILE |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
2002/061414/23 |
|
Registration
Date |
2002-08-05 |
|
Date
Commenced Trading |
2002-08-05 |
|
Age
of Business |
9 Years 9 Months |
|
History
of Business |
None |
|
History
of Principals |
None |
|
Shareholders/Members/Partners
of subject and % holding |
20% MARIA BRAUNSCHWEIG 40%MANUEL MENDES 40%MARIANO IBARZABAL |
|
Authorised
Share Capital |
R 1000 |
|
Issued
Share Capital/Members Contribution |
R 100 |
|
Status |
This
Business is Active |
|
Operations
Assessment |
Import
Tiles |
|
Industry/
Customers |
Douglas
Jones, Ezzy Tiles |
|
Export |
|
|
Major
Industry Code / SICC |
3423 |
|
Definition
of Code |
Manufacture of structural non-refractory clay and
ceramic products |
|
Head
Office Physical Address |
6045 |
|
Head
Office Postal Address |
FIGTREE 6055 |
|
Current
Tel Number |
041
3683351 |
|
Cell
number |
084
4634464 |
|
Current
Fax Number |
043
3683351 |
|
Current
Email Address |
Unavailable |
|
Web
Site Address |
www.versatile.co.za |
|
Company
Registered Name |
PKF (PE) INC |
|
Trading
Name |
None |
|
Registration
Number |
M2002/004678/21 |
|
Physical
Address |
6045 |
|
Postal
Address |
6055 |
|
Contact
Person |
CATHLINE |
|
Contact
Number |
041 3985600 |
|
Email |
Unavailable |
|
Principals |
7 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
Yes |
|
SAICA
number |
Unavailable |
|
VAT
Number |
4520217672 |
|
Tax
Number |
9374247147 |
|
BEE
Status |
Yes |
|
Financial
Year End |
June |
|
Years
With Auditors |
10 Years |
|
Website |
www.pkfinc.co.za |
|
Company Name |
Phone Number |
Time with previous auditors |
|
FISHER
HOFFMANN PKF |
|
Unknown |
|
Vat
Number |
4930202082 |
|
Status |
Active |
|
Vat
Liable Date |
2002-10-01 |
|
Tax
Number |
9220503149 |
|
Tax
Clearance Expire Date |
Unavailable |
|
Financial
Year End |
February |
|
Status |
None |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Type
of ISO Grade |
None |
|
ISO
Certificate |
|
|
ISO
Certificate Available |
|
|
Certified
by an Accredited Agent |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of Employees |
5 |
|
1. Salaried employees |
2 |
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2. Waged employees |
3 |
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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 |
3 |
Own |
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The Fleet is made up of |
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|||
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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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|
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5. Trucks |
1 |
|
|
|
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6. Fork Lifts |
2 |
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7. Other |
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Offices |
Offices |
Head Office Owned/ Rented |
Rent |
|
Rental Company |
TURN STYLE PROPERTIES |
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
2 Years |
|
Lease Expire Date |
|
|
Type of Premises |
Offices |
|
Branches Names |
Country |
Province |
|
None |
|
|
Branches Owned/ Rented |
None |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
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 |
MARIANO IBARZABAL |
|
1 |
DIRECTOR |
MANUEL MENDES |
|
2 |
DIRECTOR |
MARIA BRAUNSCHWEIG |
Note: One level up and all levels down
|
Holding |
Company |
Sub |
|
40% |
MARIANO IBARZABAL |
None |
|
40% |
MANUEL MENDES |
None |
|
20% |
MARIA BRAUNSCHWEIG |
None |
|
Company |
Value |
Contact |
|
None |
|
|
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
JAZZ FORWARDING |
041 5811181 |
|
2 |
EZZI TILE |
041 4862267 |
|
3 |
|
021 7067251 |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
10 Years |
R 250 000 |
R 150 000 |
30 Days |
R 150 000 |
30 Days |
Excellent |
|
2 |
13 Years |
Open Account |
R 80 000 |
30 Days |
R 40 000 |
30 Days |
Excellent |
|
3 |
Do |
Not |
Give |
Trade |
Reference |
|
|
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 |
|
|
Bank Account Number |
1217025219 |
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Type of Account |
CURRENT |
|
Account Name |
|
|
Overdraft Facilities |
Yes |
|
Bank Code |
Still Await Bank Code Of R 1 500 000.00 |
|
Bank Comment |
Still Await Bank Code Of R 1 500 000.00 |
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 |
|
None |
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|
|
|
|
Property Interestsfor 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 Estimates
|
CURRENT ASSETS |
Deemed Confidential |
|
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 |
|
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Loans/ From? |
|
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LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
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Estimated Current Year Turnover |
|
|
Current Turnover per month |
|
|
Current Turnover per annum |
|
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 |
|
Number of Principals |
3 |
|
Average Age of Active Principals |
57 |
Active Principals
Principal 1 of 3: MARIA
BRAUNSCHWEIG
|
Surname |
BRAUNSCHWEID |
|
First Name |
MARIA |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6204030173084 |
|
Verified ID Number |
Yes |
|
Current Age |
50 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2002-11-13 |
|
Physical Address (at time of Appointment) |
11 Myrdal Crescent LOVEMORE HEIGHTS 6070 |
|
Postal Address |
PO Box 4420 KORSTEN 6014 |
|
Current Tel Number |
041 3683351 |
|
Cell number |
084 4634464 |
|
Current Fax Number |
041 3683357 |
|
Current Email Address |
Unavailable |
|
Shareholding |
20% |
Adverse Information for:
MARIA BRAUNSCHWEIG
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for:
MARIA BRAUNSCHWEIG
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
AFRICA TIMBER BUILDING SUPPLIERS
CC |
2002/061414/23 |
In Business |
9 Years 9 Moths |
0 |
No |
Previous Business Interests
|
Average Age of Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Property Interestsfor: MARIA
BRAUNSCHWEIG
|
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: MANUEL MENDES
|
Surname |
MANUEL |
|
First Name |
MENDES |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
4311155114082 |
|
Verified ID Number |
Yes |
|
Current Age |
69 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2002-08-05 |
|
Physical Address (at time of Appointment) |
26 Jocelyn Street PORT ELIZABETH 6210 |
|
Postal Address |
PO Box 4420 PORT ELIZABETH 6014 |
|
Current Tel Number |
041 3793592 |
|
Cell number |
082 8706369 |
|
Current Fax Number |
041 3683357 |
|
Current Email Address |
Unavailable |
|
Shareholding |
40% |
Adverse Information for :MANUEL MENDES
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: MANUEL MENDES
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
AFRICA TIMBER BUILDING
SUPPLIERS CC |
2002/061414/23 |
In Business |
9 Years 9 Moths |
0 |
No |
Previous Business Interests
|
Average Age of Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor: MANUEL
MENDES
|
Title Deed No. |
T23538/2003 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
BEVERLY GROVE PORT ELIZABET |
|
Property Type |
Freehold/Ervin |
Extent / Size |
|
|
Purchase Date |
2002-08-26 |
Purchase price |
R 275 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
Principal 3 of 3: MARIANO
IBARZABAL
|
Surname |
IBARZABAL |
|
First Name |
MARIANO |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6012175107101 |
|
Verified ID Number |
Yes |
|
Current Age |
50 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2002-08-05 |
|
Physical Address (at time of Appointment) |
26 Jocelyn Street PORT ELIZABETH 6210 |
|
Postal Address |
PO Box 4420 KORSTEN 6014 |
|
Current Tel Number |
041 36877368 |
|
Cell number |
0726792306 |
|
Current Fax Number |
041 3683357 |
|
Current Email Address |
Unavailable |
|
Shareholding |
40% |
Adverse Information for :MARIANO IBARZABAL
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for :MARIANO IBARZABAL
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
AFRICA TIMBER BUILDING
SUPPLIERS CC |
2002/061414/23 |
In Business |
9 Years 9 Moths |
0 |
No |
Previous Business Interests
|
Average Age of Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor: MARIANO
IBARZABAL
|
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 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.28 |
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.