|
Report Date : |
01.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHRISTIAN MEDIA PUBLISHING (PTY) LTD |
|
|
|
|
Formerly Known As : |
ERIOVERT
PTY LTD |
|
|
|
|
Registered Office : |
57
Kommandeur Street, Welgemoed, 7530 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
03.05.2010 |
|
|
|
|
Com. Reg. No.: |
M2010/008573/07 |
|
|
|
|
Legal Form : |
Private company |
|
|
|
|
Line of Business : |
Publishing
of books, brochures, musical books and other publications |
|
|
|
|
No. of Employees : |
05 employees |
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 : |
Slow but Correct |
|
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 |
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 Unemployment remains high and outdated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 |
CHRISTIAN
MEDIA PUBLISHING |
|
Country |
South
Africa |
|
Subject
Contact Person |
EMAILE
M RETIEF -Financial Manager |
|
Assessment |
This is
a new business. On
investigation contact was made with the respondent at the concern. The
Financial Manager was reluctant to provide additional Trade References as it
is considered confidential. A bank
code could not be obtained as the account number was declined, however the
annual turnover of R 1000 000- R 2000 000 was mentioned. Please
see the available information obtained below. |
|
Registered
Name |
CHRISTIAN
MEDIA PUBLISHING (PTY)LTD |
|
Trading
as/ Division Name |
CMP |
|
Previous
Name |
ERIOVERT
PTY LTD |
|
Date
of Name Change |
Sep
13 2010 12:00AM |
|
Registration
Number |
M2010/008573/07 |
|
Registration
Date |
2010/05/03 |
|
Date
Commenced Trading |
3
May 2010 |
|
Age
of Business |
2
Years 3 Months |
|
History
of Business |
CHRISTIAN MEDIA
PUBLISHING (PTY)LTD trading as CMP was registered in MAY 2010 and underwent a
name change from ERIOVERT PTY LTD to the current name. |
|
History
of Principals |
Unavailable |
|
Shareholders/Members/Partners
of subject and % holding |
40
% - HENDRIK SPIES, 20 % - EWALD JANSEN VAN RENSBURG, 40 % - JACOBUS FOUCHE |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
THE COMPANY IS
INVOLVED IN PUBLISHING AND DISTRIBUTION OF READING MATERIAL THROUGH AGENCIES
SUCH AS CHRISTIAN MEDIA AGENCIES,ABINGDON PRESS,SUMMERSIDE PRESS ,BROADMAN
& HOLMAN PUBLISHING GROUP AND BEACON HILL PRESS AMONGST OTHERS |
|
Industry/
Customers |
EDUCATIONAL,
BOOK STORES |
|
Major
Industry Code / SICC |
32410 |
|
Definition
of Code |
PUBLISHING
OF BOOKS,BROCHURES,MUSICAL BOOKS AND OTHER PUBLICATIONS |
|
Head
Office Physical Address |
57
Kommandeur Street, Welgemoed, 7530 |
|
Head
Office Postal Address |
P
O Box 4502, Durbanville, 7551 |
|
Current
Tel Number |
0861888327 |
|
Cell
Number |
0829267310
/ 0823778079 |
|
Current
Fax Number |
0865004438 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
The
previous address and contact number of the concern was: PLEIN
STRAAT 10, UNIT 7, 7550 PO BOX
4070, DURBANVILLE, 7751 TEL :
021 976 3366 FAX :
086 594 0852 |
|
Company
Registered Name |
Edmunds
& Orchard Associates Inc |
|
Trading
Name |
Edmunds
& Orchard |
|
Registration
Number |
1998/022759/21 |
|
Physical
Address |
Suite
2B Canal Edge Four Carl Cronje Avenue Tyger Waterfront, Bellville, Western
Cape 7530 |
|
Postal
Address |
P.O.
Box 2452, Durbanville, 7551 |
|
Contact
Person |
VANESSA |
|
Contact
Number |
021
914 5975 |
|
Email |
|
|
Principals |
2 |
|
Judgements
Against Subject |
NO
INFORMATION FOUND ON FILE |
|
Judgements
Against Principals |
NO
INFORMATION FOUND ON FILE |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
00 |
|
VAT
Number |
4240178980 |
|
Tax
Number |
9261037023 |
|
BEE
Status |
None |
|
Financial
Year End |
December |
|
No
of years in Business |
14
YEARS |
|
Website |
Previous auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
LSG
INTEGRATED ACCOUNTING SERVICES |
011 253 7400 |
1 year |
|
|
Vat
Number |
4890256102 |
|
Status |
ACTIVE |
|
Tax
Number |
9786387150 |
|
Financial
Year End |
February |
|
Black
Economic Empowerment |
|
|
Status |
No |
|
BEE
Certificate Available |
No |
|
Comment |
THE
COMPANY IS NOT BEE COMPLIANT |
|
|
|
|
ISO
Information - No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Subsidiaries
Information - No Information on Record
|
Employees |
||||
|
Number
of Employees |
5 |
|||
|
Company Fleet |
||||
|
Company
Fleet |
No
of vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
|
|||
|
Comment |
THERE
ARE NO VEHICLES REGISTRED IN THE NAME OF THE COMPANY |
|||
|
Offices |
Offices |
|
|
Head
Office Owned/ Rented |
Leased |
|
|
Rental
Company |
QUICK
LEAD RENTALS |
|
|
Lease
Agreement |
ANNUAL
LEASE AGREEMENT |
|
|
Type
of Premises |
OFFICES |
|
|
Branch
Information |
||
|
Branches Names |
Country |
Province |
|
THERE ARE NO REPORTED BRANCHES |
South Africa |
|
Organisation
Chart
|
Level |
Position |
Name |
Comment |
Company Structure
Information - No Information on Record
Note: One level up and all levels down
Key Deals - No
Information on Record
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
CEVA LOGISTICS SOUTH AFRICA (PTY)
LTD |
011
3969400 |
R0.00 |
0 |
|
|
2 |
IYANDI
TELECOM |
087
941 3254 |
R0.00 |
0 |
|
Trade References Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
|
|
|
|
|
|
IT IS AGAINST COMPANY POLICY TO PROVIDE TRADE REFERENCES, REFEREE
: IRENE |
|
2 |
MARCH 2012 |
R
5000.00 |
R 5000.00 |
60 DAYS |
R5000 |
60
DAYS |
Good |
Judgements - No
information on record
Business Rescue - No
Information on Record
Default Listing - No
information on record
Notarial Bonds - No
information on record
|
Bank |
ABSA
BANK |
|
Branch |
DURBANVILLE |
|
Bank
Account Number |
DECLINED |
|
Type
of Account |
CHEQUE |
|
Account
Name |
CHRISTIAN
MEDIA PUBLISHING (PTY)LTD |
|
Overdraft
Facilities |
YES,
THE COMPANY ENJOYS AN OVERDRAFT FACILTITY OF R 1000 000 |
|
Bank
Code |
P |
|
Bank
Comment |
A
Bank code could not be obtained as the subject declined to provide a bank
account number |
Financial
Estimates
|
Current
Turnover per annum |
R
2000000.00 |
|
Comment |
THE ANTICIPATED
TURNOVER FOR THE NEXT FINANCIAL TURNOVER IS IN THE REGION OF 2-3 MILLION
RANDS |
|
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 |
50 |
|
Active
Principals Principal
- 1of 3 HENDRIK SPIES |
|
|
Surname |
SPIES |
|
First
Name |
HENDRIK |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
5612235112080 |
|
Verified
ID Number |
Yes |
|
Current
Age |
56 |
|
Designation |
DEVELOPER
& PUBLISHER |
|
Status |
Active |
|
Appointment
Date |
2011/07/01 |
|
Physical
Address (at time of Appointment) |
41
RICHTER AVENUE, WELLINGTON, 7655 |
|
Postal
Address |
41
RICHTER AVENUE, WELLINGTON, 7655 |
|
Current
Tel Number |
0218648211 |
|
Cell
number |
0833247045 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information for HENDRIK SPIES
Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
CHIMOIO TRADING
(PTY) LTD |
K2012/059191/07 |
In
Business |
0 |
0 |
No |
|
|
AAARPHADINE
VERDEAU (PTY)LTD |
K2012/105376/07 |
In
Business |
0 |
0 |
No |
|
|
AAARPHADINE
MEDIA (PTY)LTD |
K2012/106355/07 |
In
Business |
0 |
0 |
No |
|
|
TURN
AROUND INVESTMENTS 23 (PTY) LTD |
M2003/019556/07 |
Conversion
CO/CC or CC/CO |
9
Years 9 Months |
0 |
No |
|
|
CHRISTIAN MEDIA
PUBLISHING (PTY) LTD |
M2010/008573/07 |
In
Business |
2
Years 2 Months |
0 |
No |
|
|
ONE VISION
INVESTMENTS 465 (PTY) LTD |
M2010/021229/07 |
In
Business |
2
Years 2 Months |
0 |
No |
|
Principal Previous
Business Interests
Average Age of
Previous Business 32
years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
SPLENDID
HANDYMAN CENTRE CC |
B1992/028240/23 |
In
Business |
20
Years 8 Months |
0 |
No |
|
|
LUX
VERBI BYBELMEDIA
(PTY)LTD |
M1953/000037/07 |
In
Business |
59 Years 11
Months |
0 |
No |
|
|
N
G KERK-UITGEWERS |
M1960/004821/08 |
Deregistration
Final |
52
Years 4 Months |
0 |
No |
|
|
TYDSKRIFTEMAATSKAP
PY VAN DIE NEDERDUITSE GEREFORMEERDE KERK |
M1975/004743/08 |
In
Business |
37
Years 1 Months |
0 |
No |
|
|
DIE
PATRIOTFONDS |
M1977/003553/08 |
In
Business |
35 Years 11
Months |
0 |
No |
|
|
BYBEL-MEDIA |
M1980/002524/08 |
In
Business |
32
Years 8 Months |
0 |
No |
|
|
DROOMER-DIAS
(PTY) LTD |
M1997/007938/07 |
Deregistration
Final |
15
Years 3 Months |
0 |
No |
|
|
BYBEL-MEDIA
HANDEL |
M2002/004877/08 |
In
Business |
10
Years 10 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal
- 2of 3
EWALD
JANSEN VAN RENSBURG
|
Surname |
JANSEN
VAN RENSBURG |
|
First
Name |
EWALD |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
6002185081080 |
|
Verified
ID Number |
Yes |
|
Current
Age |
52 |
|
Designation |
MINISTER |
|
Status |
Active |
|
Appointment
Date |
2011/07/01 |
|
Physical
Address (at time of Appointment) |
MCLEODSTRAAT
1, SOMERSET WEST, 7130 |
|
Postal
Address |
P
0 BOX 4502, DURBANVILLE, DURBANVILLE, 7551 |
|
Current
Tel Number |
0218525004 |
|
Cell
number |
0824512584 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information for EWALD JANSEN VAN RENSBURG
Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
NOUIS-IP DEVELOPMENT
CC |
B2008/253057/23 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
CHRISTIAN
MEDIA PUBLISHING (PTY) LTD |
M2010/008573/07 |
In Business |
2 Years 2 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 3of 3
JACOBUS FOUCHE
|
Surname |
FOUCHE |
|
First
Name |
JACOBUS |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
6806185133083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
44 |
|
Designation |
BOEK
UITGEWER |
|
Status |
Active |
|
Appointment
Date |
2010/05/14 |
|
Physical
Address (at time of Appointment) |
27
RUITERSHOOGTE, VIERLANDEN, DURBANVILLE, 7550 |
|
Postal
Address |
PO
BOX 4502, DURBANVILLE, 7551 |
|
Current
Tel Number |
0219763366 |
|
Cell
number |
0835974514 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information for JACOBUS FOUCHE
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CHRISTIAN
MEDIA PUBLISHING (PTY) LTD |
M2010/008573/07 |
In Business |
2 Years 2 Months |
0 |
No |
|
|
PANZAMIX (PTY)
LTD |
M2010/008701/07 |
In Business |
2 Years 2 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.72 |
|
UK Pound |
1 |
Rs.87.95 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.