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Report Date : |
03.11.2012 |
IDENTIFICATION DETAILS
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Name : |
MARBLE CLASSIC (PTY) LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
31.01.2005 |
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Com. Reg. No.: |
2005/002750/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacture
marble and granite |
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No. of Employees : |
300 |
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RATING & COMMENTS
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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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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
SOUTH AFRICA - ECONOMIC OVERVIEW
south Africa is a middle-income,
emerging market with an abundant supply of natural resources; well-developed
financial, legal, communications, energy, and transport sectors; a stock
exchange that is the 18th largest in the world; and modern infrastructure
supporting a relatively efficient distribution of goods to major urban centers
throughout the region. Growth was robust from 2004 to 2007 as South Africa
reaped the benefits of macroeconomic stability and a global commodities boom
but began to slow in the second half of 2007 due to an electricity crisis and
the subsequent global financial crisis' impact on commodity prices and demand.
GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high
and outdated infrastructure has constrained growth. State power supplier Eskom
encountered problems with aging plants and meeting electricity demand
necessitating "load-shedding" cuts in 2007 and 2008 to residents and
businesses in the major cities. Daunting economic problems remain from the
apartheid era - especially poverty, lack of economic empowerment among the
disadvantaged groups, and a shortage of public transportation. South Africa''s
economic policy is fiscally conservative focusing on controlling inflation and
attaining a budget surplus. The current government largely follows these
prudent policies but must contend with the impact of the global crisis and is
facing growing pressure from special interest groups to use state-owned
enterprises to deliver basic services to low-income areas and to increase job growth.
Source : CIA
|
Subject
Name |
MARBLE
CLASSIC (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
CELESTE
SOLOMON - 0113926700 |
|
Assessment |
This
is a well-established and well -connected business. On investigation we made contact
with CELESTE SOLOMON who assisted with the information for the subject.
Banking information as well as financials were declined by the subject as
this is considered to be confidential. We await trade references. Please see
the available information for the subject below. |
|
Registered
Name |
MARBLE
CLASSIC (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Registration
Number |
2005/002750/07 |
|
Registration
Date |
2005/01/31 |
|
Age
of Business |
7
Years 9 Months |
|
History
of Business |
Marble
Classic specialises in the design, supply and installation of all natural
stone material such as marble, granite, travertine, limestone and sandstone.
The subject's manufacturing process is entrusted to fully computerised
equipment. This highly sophisticated equipment adopts avant-garde
technologies thereby eliminating any possibility of human error when
executing complex profiles requiring consistency, quality and precision. |
|
History
of Principals |
|
|
Shareholders/Members/Partners
of subject and % holding |
100
% - FRANCO DAGNOLO |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Manufacture
marble and granite |
|
Industry/
Customers |
Investec
Bank, Bank City etc. |
|
Export |
Yes |
|
Export
Countries |
Italy |
|
Import |
Yes |
|
Import
Countries |
Italy |
|
Major
Industry Code / SICC |
25110 |
|
Definition
of Code |
Stone quarrying: Dimension
stone (granite, marble, slate, & wonderstone) |
|
Head
Office Physical Address |
28
7TH AVENUE, EDENVALE, 1609 |
|
Head
Office Postal Address |
P
0 BOX 1255, ISANDO, 1600 |
|
Current
Tel Number |
0113926700 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0113926798/9 |
|
Current
Email Address |
ce
lestes@marblec lassie, co. za |
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Web
Site Address |
|
|
Comments |
|
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Company
Registered Name |
CILLIERS
AAARTIN AND ASSOCIATES (PTY)LTD |
|
Trading
Name |
C
M AND ASSOCIATES |
|
Registration
Number |
2003/030422/07 |
|
Physical
Address |
28
7th AvenueEDENVALEI 609 |
|
Postal
Address |
P
0 BOX 2328, ALBERTON, 1449 |
|
Contact
Person |
ANSIE |
|
Contact
Number |
0114546037 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
963836 |
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VAT
Number |
4580219972 |
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Tax
Number |
9185093169 |
|
BEE
Status |
Level
4 |
|
Financial
Year End |
February |
|
No
of years in Business |
5 |
|
Website |
|
Company Name |
Phone Number |
Time with
previous auditors |
Comment |
|
R M AAARTIN AND
ASSOCIATES |
|
Unknown |
|
|
G B KLEYNHANS |
|
16 |
|
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Vat
Number |
4830131282 |
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Status |
ACTIVE |
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Vat
Liable Date |
1992/03/01 |
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Tax
Number |
9381317842 |
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Tax
Clearance Expire Date |
2013/07/31 |
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Financial
Year End |
February |
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Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
4.00 |
|
Expire
Date |
|
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BEE
Certificate Available |
Yes |
|
Comment |
|
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ISO Status |
|
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Type
of ISO Grade |
None |
|
ISO
Certificate |
|
|
ISO
Certificate Available |
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|
Certified
by an Accredited Agent |
|
|
Comment |
|
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Workman's
compensation |
|
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Registered |
Yes |
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Compliance
Certified |
Yes |
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Comment |
|
Subsidiaries Information - No Information on Record
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Employees |
||||
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Number
of Employees |
300 |
|||
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1.
Salaried employees |
300 |
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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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Comment |
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Company
Fleet |
||||
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Company
Fleet |
No
of vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
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Fleet
Operations |
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The
Fleet is made up of |
9 |
|||
|
Comment |
|
|||
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Light
delivery Vehicles |
9 |
Owned |
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Offices |
Offices |
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Head
Office Owned/ Rented |
Owned |
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Rental
Company |
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Owned
by |
FRANCO
DAGNOLO |
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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 |
OFFICES |
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|
Comment |
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Branch
Information |
||
|
Branches Names |
Country |
Province |
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CAPE TOWN |
South Africa |
EASTERN CAPE |
|
DURBAN |
South Africa |
KWAZULU NATAL |
|
NAMIBIA |
Namibia |
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Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
DIRECTOR |
FRANCO D'AGNOLO |
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Company Structure (Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100% FANCO D'AGNOLO |
MARBLE CLASSIC
(PTY) LTD |
|
|
Key Deals - No
Information on Record
Trade reference
|
Trade Reference
nr |
Supplier |
Contact |
Surety Value |
Notarial
Bonds |
Comment |
|
1 |
|
|
|
|
Still waits for trade references. |
Adverse Information
on Subject
Judgements - No
information on record
BusinessRescue -
No Information on Record
Default Listing -
No information on record
Notarial Bonds -
No information on record
|
Bank |
FNB |
|
Branch |
GREENSTONE |
|
Brach
Code |
201510 |
|
Bank
Account Number |
Deemed
Confidential |
|
Type
of Account |
CURRENT |
|
Account
Name |
MARBLE
CLASSIC (PTY) LTD |
|
Overdraft
Facilities |
YES |
Bank Code History - No Information on Record
Previous Bank Account Informat ion - No Information on Record
Deeds Information - No information on record
Financial Estimates
|
Comment |
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 |
1 |
|
Average
Age of Active Principals |
62 |
|
Active
Principals Principal - 1of 1 FRANCO D'AGNOLO |
|
|
Surname |
DAGNOLO |
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First
Name |
FRANCO |
|
Other
Names |
None |
|
Marital
Status |
Married |
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ID
Number |
5010245023100 |
|
Verified
ID Number |
No |
|
Current
Age |
62 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2005/01/31 |
|
Physical
Address (at time of Appointment) |
77
JELLICOE AVENUE, MELROSE, JOHANNESBURG, 2043 |
|
Postal
Address |
PO
BOX 34055, JEPPESTOWN, 2043 |
|
Current
Tel Number |
0113926700 |
|
Cell
number |
0836012138 |
|
Shareholding/Membership |
100% |
Principal's
Adverse - No information on record
Business
Information for FRANCOD'AGNOLO Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
MARBLE
CLASSIC (PTY) LTD |
2005/002750/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
MARBLE
CLASSIC EXCLUSIVE WAREHOUSE FOR NATURAL STONES CAPE (PTY)LTD |
2005/002751/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
AFRICAN
SPIRIT TRADING 185 (PTY) LTD |
2006/007277/07 |
In
Business |
6
Years 6 Months |
0 |
No |
|
|
GRANITI TECNICA
TILE PLANT (PTY) LTD |
2007/006023/07 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
MARBLE
CLASSIC EXCLUSIVE WAREHOUSE FOR NATURAL STONES PE (PTY)LTD |
2007/006144/07 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
THE
MARBLE AND GRANITE TEAM CC |
B1998/000747/23 |
In
Business |
14
Years 2 Months |
0 |
No |
|
|
GRANITI TECNICA
CC |
B1998/015259/23 |
Conversion
CO/CC or CC/CO |
14
Years 2 Months |
0 |
No |
|
|
TEKNO
GRANITE S A CC |
B1998/025904/23 |
Conversion
CO/CC or CC/CO |
14
Years 2 Months |
0 |
No |
|
|
J
P J KLIPOPGRAWE
CC |
B1998/054434/23 |
Conversion
CO/CC or CC/CO |
14
Years 2 Months |
0 |
No |
|
|
MARBLE
CLASSIC EXCLUSIVE WAREHOUSE FOR NATURAL STONES (PTY) LTD |
M1989/006784/07 |
In
Business |
23
Years 11 Months |
0 |
No |
|
|
STONEBURG GRANITE
SA (PTY) LTD |
M2003/021554/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
ASH
BROOK INVESTMENTS 37 (PTY) LTD |
M2007/003551/07 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
MARBLE
CLASSIC DOMESTIC (PTY) LTD |
M2007/011851/07 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
MARBLE
CLASSIC PROJECTS CAPE (PTY) LTD |
M2007/012257/07 |
In
Business |
5
Years 5 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous
Business 24 Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
RUDOLPH
AND VAN VUUREN (CAPE) CC |
B1996/025901/23 |
In
Business |
16
Years 4 Months |
0 |
No |
|
|
LISTELLO
DESIGNS CC |
B2001/084887/23 |
In
Business |
11
Years 11 Months |
0 |
No |
|
|
RUDOLPH
AND VAN VUUREN (PTY)LTD |
M1966/001371/07 |
Conversion
CO/CC or CC/CO |
46
Years 10 Months |
0 |
No |
|
|
SISANANE TILING
(PTY) LTD |
M1987/070199/07 |
In
Business |
25
Years 1 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.66 |
|
|
1 |
Rs.86.37 |
|
Euro |
1 |
Rs.69.24 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.