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Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
RVV TILE GALLERY CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
26.02.2008 |
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Com. Reg. No.: |
2008/040690/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Suppleirs of a wide variety of high quality imported and local
ceramic, porcelain and natural stone tiles |
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No. of Employees : |
13 |
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 : |
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) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject Name |
RVV TILE
GALLERY CC |
|
Country |
SOUTH
AFRICA |
|
Enquiry Terms |
D/A |
|
Account Review |
Every
6 Months |
|
Subject Contact person |
CARNIE
NAIDOO- FINANCIAL MANAGER |
|
Assessment |
On investigation we
made contact with
the subject and
we were referred
to MRS CARNNIE NAIDOO
the financial Manager. She has
assisted us with all the information required
however she has
declined to assist with
any financial information. The
subject has been meeting all payments with suppliers within the terms. We
have obtained a bank code C for R 250 000. Please
see available information on the subject below. |
|
Registered
Name |
RVV TILE GALLERY CC |
|
Trading
as/ Division Name |
RVV |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
2008/040690/23 |
|
Registration
Date |
2008/02/26 |
|
Date
Commenced Trading |
2008/02/26 |
|
Age
of Business |
4 Years 3 Months |
|
History
of Business |
Rudolph & Van Vuuren
(Pty) Ltd commenced operations in 1965. The current shareholders purchased
the company in 1979 and changed its profile from construction to tiling
contracting. |
|
History
of Principals |
None |
|
Shareholders
and % holding |
100% ANGELO D’ AGNOLO |
|
Authorised
Share Capital |
Unavailable |
|
Issued
Share Capital |
Unavailable |
|
Status |
In
Business |
|
Operations
Assessment |
Suppleirs of a wide
variety of high quality imported and local ceramic, porcelain and natural stone
tiles to both the commercial and private retail markets. We also supply a vast
range marble, granite and mosaics |
|
Industry/
Customers |
The
Public and Commercial industry |
|
Export |
Yes |
|
Major
Industry Code / SICC |
61430 |
|
Definition
of Code |
Wholesale trade in
construction materials, hardware, plumbing and heating equipment and supplies |
|
Head
Office Physical Address |
355 Commissioner Street Fairview JOHANNESBURG |
|
Head
Office Postal Address |
PO Box 34044 JEPPIE TOWN 2043 |
|
Current
Tel Number |
011 618 1340 |
|
Cell
number |
None |
|
Current
Fax Number |
011 618 1345 |
|
Current
Email Address |
|
|
Web
Site Address |
www.rvv.co.za |
|
Company
Registered Name |
JM COERTZEAND COMPANY |
|
Trading
Name |
JOHAN COERTZE |
|
Registration
Number |
5411035086085 |
|
Physical
Address |
16 Greyvillea Street Meyersdal ALBERTON |
|
Postal
Address |
PO Box 979 ALBERTON 1450 |
|
Contact
Person |
Johan coetzee |
|
Contact
Number |
011 454 2686 |
|
Email |
jcoetzee@africa.com |
|
Principals |
1 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
Yes |
|
SAICA
number |
931098A |
|
VAT
Number |
4470148760; |
|
Tax
Number |
Unavailable |
|
BEE
Status |
None |
|
Financial
Year End |
Unavailable |
|
Years
With Auditors |
3 |
|
Website |
None |
|
Company Name |
Phone Number |
Time with previous auditors |
|
CJ VAN
DER LOO |
Unavailable |
Unavailable |
|
Vat
Number |
4540246727 |
|
Status |
Active |
|
Vat
Liable Date |
2008//03/01 |
|
Tax
Number |
9478432165 |
|
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 |
No |
|
Compliance
Certified |
No |
Subsidiaries
|
Subsidiary Company |
None |
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Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
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Number of Employees |
13 |
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1. Salaried employees |
13 |
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2. Waged employees |
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3. Permanent employees |
13 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
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|||
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1. Cars |
1 |
Owned |
- |
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Offices |
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Head Office Owned/ Rented |
Rented |
|
Rental Company |
New Market Development |
|
Owned by |
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|
Value |
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|
Bond |
|
|
Bank |
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|
Lease Agreement |
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|
Lease Expire Date |
|
|
Type of Premises |
Showroom and offices |
Branches Names |
Country |
Province |
|
RVV TILE GALLERY CC |
SOUTH AFRICA |
GAUTENG |
Branches Owned/ Rented |
Owned |
|
Rental Company |
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|
Owned |
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|
Value |
|
|
Bank |
|
|
Bond |
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|
Lease Agreement |
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|
Lease Expire Date |
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|
Type of Premises |
Showroom |
|
Level |
Position |
Name |
|
1 |
Director |
ANGELO D’ AGNOLO |
Note: One level up and all levels down
|
Holding |
Company |
Sub |
|
Unavailable |
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Company |
Value |
Contact |
|
None |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
GLASS FUSION |
011 933 3178 |
None |
None |
|
2 |
KING OF TILE |
011 826 6588 |
None |
None |
|
3 |
TILETORIA |
021 511 3125 |
None |
None |
|
4 |
RITZ TILES |
031 263 2696 |
None |
None |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
4 Years |
R 50 000 |
R 39 000 |
30 Days |
R 20 000- R 30 000 |
30 Days |
Very Good |
|
2 |
2 Years |
R 250 000 |
Unavailable |
30 Days |
R 100 000 |
30 Days |
Good |
|
3 |
STILL |
AWAITING |
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4 |
Do |
Not |
Give |
Out |
Trade References |
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Judgements
|
Judgements |
None |
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Possible Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
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Default Listings
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
|
Bank |
First National Bank |
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Branch |
Carlton Centre |
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Bank Account Number |
62177523430 |
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Type of Account |
Current |
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Account Name |
RVV TILE GALLERY CC |
|
Overdraft Facilities |
No |
|
Date Opened |
Unavailable |
|
Bank Code |
C for R250 000 |
|
Bank Comment |
The subject’s bankers
consider them good for all business normal engagements |
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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|
|
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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 |
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|
Property Type |
|
Extent / Size |
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|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
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Financial Estimates
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CURRENT ASSETS |
Declined |
|
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:
|
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 |
55 |
Active Principals
Principal 1 of 1: ANGELO D’
AGNOLO
|
Surname |
AGNOLO |
|
First Name |
ANGELO D AGNOLO |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5710155236101 |
|
Verified ID Number |
Yes |
|
Current Age |
55 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2008/02/26 |
|
Physical Address (at time of Appointment) |
48 Kernick Avenue Melrose North 2198 |
|
Postal Address |
48 Kernick Avenue Melrose North 2196 |
|
Current Tel Number |
011 618 1340 |
|
Cell number |
0836003370 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
100% |
Adverse Information for :ANGELO
D’ AGNOLO
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for:ANGELO
D’ AGNOLO
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
RUDOLPH AND VAN VUUREN CC |
1985/014663/23 |
In Business |
26 Years 5 Months |
0 |
No |
|
RUDOLPH AND VAN VUUREN (CAPE) CC |
1996/025901/23 |
In Business |
15 Years 11 Months |
0 |
No |
|
DISTINCTIVE CERAMICA AND
MARMO (PTY)LTD |
2002/010562/07 |
In Business |
10 Years |
0 |
No |
|
R V V TILE GALLERY CC |
2008/040690/23 |
In Business |
4 Years 3 Months |
0 |
No |
|
INDOLEX (PTY)LTD |
2009/006920/07 |
In Business |
3 Years 1 Months |
0 |
No |
|
LILAC MOON TRADE AND INVESTMENTS 57 CC |
B1987/011410/23 |
In Business |
2 Years 10 Months |
0 |
No |
|
THOS DOUGLAS AND SON CC |
B2003/043661/23 |
In Business |
25 Years |
0 |
No |
|
ERF 326 GLENTANA CC |
B2009/085498/23 |
In Business |
9 Years |
0 |
No |
Previous Business Interests
|
Average Age of Previous Business Interests |
12 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
GIAVA INVESTMENTS CC |
1987/019818/23 |
Deregistration Final |
24 Years 8 Months |
0 |
No |
|
SISANANE TILING (PTY)LTD |
1987/070199/07 |
In Business |
24 Years 11 Months |
0 |
No |
|
THE MARBLE AND GRANITE TEAM CC |
1998/000747/23 |
In Business |
14 Years 4 Months |
0 |
No |
|
TEKNO GRANITE S A (PTY)LTD |
2002/015273/07 |
In Business |
9 Years 11 Months |
0 |
No |
|
MARBLE CLASSIC (PTY)LTD |
2005/002750/07 |
In Business |
7 Years 4 Months |
0 |
No |
|
MARBLE CLASSIC EXCLUSIVE WAREHOUSE FOR NATURAL STONES CAPE (PTY)LTD |
2005/002751/07 |
In Business |
7 Years 4 Months |
0 |
No |
|
D''AGNOLO PROPERTY (PTY)LTD |
2005/021078/07 |
In Business |
6 Years 11 Months |
1 |
No |
|
GRANITI TECNICA (PTY)LTD |
2007/014705/07 |
In Business |
5 Years |
0 |
No |
|
TILE 2000 (JOHANNESBURG) CC |
B1992/009164/23 |
In Business |
20 Years 2 Months |
1 |
No |
Deeds Information
Property Interestsfor :ANGELO D’
AGNOLO
|
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.55.93 |
|
|
1 |
Rs.88.14 |
|
Euro |
1 |
Rs.70.87 |
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.