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Report Date : |
24.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
THE POOL TEAM CC |
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Registered Office : |
Unit
D1 ,20A Dan Jacobs Street, Fountains Industrial Park, Alrode |
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Country : |
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Date of Incorporation : |
09.11.2005 |
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Com. Reg. No.: |
B2005/162490/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
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No. of Employees : |
40 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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) |
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|
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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
Source
: CIA
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Subject Name |
THE POOL TEAM CC |
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Country |
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Subject Contact Person |
GREGORY CUMMING-Member |
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Assessment |
This is a well-established family business. On
investigation, contact was made with Mr G Cummings who assisted us The
company has been operating for 7 years with several branches accross
Gauteng.A bank code could not be obtained as the account number was not made
available .The company is meeting its suppliers timeously.No adverse
information was revealed.Please see the available information below |
|
Registered Name |
THE POOL TEAM CC |
|
Trading as/ Division Name |
None |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
B2005/162490/23 |
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Registration Date |
2005/11/09 |
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Date Commenced Trading |
November 2005 |
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Age of Business |
6 Years 10 Months |
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History of Business |
THE
POOL TEAM CC was registered in November 2005 and operations commenced
immediately |
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History of Principals |
Unavailable |
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Shareholders/Members/Partners of subject and % holding |
GREGORY CUMMINGROBERT CUMMING |
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Authorised Share Capital |
R0.00 |
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Issued Share Capital/Members Contribution |
R0.00 |
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Status |
In Business |
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Operations Assessment |
The
company provides advice and equipment such as pool heat pumps,pool cleaners
and pool ladders for swimming pool maintenance and repairs.brand names
stocked include Zodiac,Eartheco ,Astral,Pentair,Kreepy Krauly amongst others |
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Industry/ Customers |
PRIVATE SECTOR |
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Export |
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Export Countries |
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Import |
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Import Countries |
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Major Industry Code / SICC |
61909 |
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Definition of Code |
Other wholesale trade n.e.c. |
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Head Office Physical Address |
Unit D1 ,20A |
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Head Office Postal Address |
P |
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Current Tel Number |
011 908 0140 |
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Cell Number |
0823868889 |
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Current Fax Number |
011 908 0141 |
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Current Email Address |
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Web Site Address |
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Comments |
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Company Registered Name |
Moore Stephens MWM Inc |
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Trading Name |
Moore Stephens MWM Inc |
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Registration Number |
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Physical Address |
7 West StreetHoughtonJohannesburgGautengSouth |
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Postal Address |
P |
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Contact Person |
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Contact Number |
011 7287240 |
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Email |
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Principals |
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Judgements Against Subject |
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Judgements Against Principals |
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Subject Verified as Client |
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Practice Number |
904244E |
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VAT Number |
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Tax Number |
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BEE Status |
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Financial Year End |
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No of years in Business |
Unknown |
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Website |
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Comment |
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Vat Number |
4790229555 |
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Status |
ACTIVE |
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Vat Liable Date |
2006/07/01 |
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Tax Number |
9291275171 |
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Tax Clearance Expire Date |
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Financial Year End |
April |
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Comment |
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Black Economic Empowerment |
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Status |
No |
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Score |
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Expire Date |
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BEE Certificate Available |
No |
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Comment |
In the process of becoming BEE compliant |
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ISO Status |
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Type of ISO Grade |
ISO 9001:2000 |
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ISO Certificate |
Yes |
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ISO Certificate Available |
No |
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Certified by an Accredited Agent |
Yes |
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Comment |
ZODIAC POOL CLEANER |
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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 |
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Subsidiaries Information - No
Information on Record
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Employees |
||||
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Number of Employees |
40 |
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1. Salaried employees |
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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 |
The total number of employees for all the branches |
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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 |
5 |
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Comment |
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Light delivery Vehicles |
5 |
Leased |
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Office
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Offices |
Offices |
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Head Office Owned/ Rented |
Leased |
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Rental Company |
REALTY DYNAMIX 112 (PTY)LTD |
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Branches Names |
Country |
Province |
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THE POOL TEAM Albermarle |
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GAUTENG |
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THE POOL TEAM -ALBERTON |
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GAUTENG |
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THE POOL TEAM Brackencity |
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GAUTENG |
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THE POOL TEAM
Glenvista Shopping Centre |
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GAUTENG |
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THE POOL TEAM |
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THE POOL TEAM Rand
Ridge Mall |
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Guteng |
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THE |
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THE
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THE POOL TEAM Vereeniging |
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Branch Detail Information |
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Branches Owned/ Rented |
Leased |
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Rental Company |
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Owned by |
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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 |
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Comment |
Shop 2 Tasso CentreOnyx PlaceAlbermarleTel - 011 865 5978 |
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Branches Owned/ Rented |
Leased |
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Rental Company |
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Owned by |
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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 |
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Comment |
The TerminalCnr Trichardt Str and DR Vosloo RdBartlettTel -
011 918 111 OFax - 011 918 2964 |
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Branches Owned/ Rented |
Leased |
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Rental Company |
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Owned by |
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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 |
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Comment |
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Branches Owned/ Rented |
Leased |
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Rental Company |
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Owned by |
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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 |
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Comment |
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Branches Owned/ Rented |
Leased |
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Rental Company |
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Owned by |
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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 |
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Comment |
Shop L1, |
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Branches Owned/ Rented |
Leased |
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Rental Company |
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Owned by |
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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 |
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Comment |
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Branches Owned/ Rented |
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Rental Company |
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Owned by |
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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 |
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Comment |
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Branches Owned/ Rented |
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Rental Company |
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Owned by |
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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 |
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Comment |
Valley
Shopping Centre396 Jan Smuts AveCraighall ParkJohannesburgTel - 011 501
1500Fax -011 501 1600 |
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Branches Owned/ Rented |
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Rental Company |
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Owned by |
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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 |
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Comment |
VereenigingRiverwalk
Shopping CentreNo 7 |
Organisation Chart
Company Structure Information - No
Information on Record
Note: One level up and all levels down
Key Deals - No Information on Record
Trade reference
|
Trade
Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
Pentair Water |
0113921177 |
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Tracey has
mentioned that it is against Company Policy to provide Trade references |
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2 |
Scott
Bader |
031
736 8500 |
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Unable
to disclose figures |
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3 |
Bidvest Panalpina
Logistics |
031
302 3811 |
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No
record of account |
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4 |
ZODIAC
POOL CARE |
011
237 3900 |
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|
Michele was unable
to disclose figures |
Trade References Detail
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
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2 |
5
Years |
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30 days |
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30
days |
Excellent
Account |
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3 |
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4 |
5
years |
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30 days |
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30
days |
Excellent
Account,figures are confidential |
Adverse Information on Subject
Judgements
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Judgements |
None |
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Possible Judgements |
No Information on Record |
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Civil Court |
No Information on Record |
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RDs |
No Information on Record |
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Comment |
No Information on Record |
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Business Rescue |
|||||
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Date registered |
Business
rescue practitioner |
Contact
Information |
Details |
Comment |
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None |
No
Information on Record |
No Information on
Record |
No
Information on Record |
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Default Listings
|
Date |
Details |
Comment |
|
|
None |
No
Information on Record |
Notarial Bonds - No information on
record
Bank information
|
Bank |
ABSA Bank |
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Branch |
UNDISCLOSED |
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Brach Code |
UNDISCLOSED |
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Bank Account Number |
UNDISCLOSED |
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Type of Account |
CHEQUE |
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Account Name |
THE POOL TEAM |
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Overdraft Facilities |
The
company does not require overdraft facilities as credit balances are
maintained at the bank.The company also banks with Nedbank |
|
Bank Code |
P |
|
Bank Comment |
A Bank code could not be obtained as the subject declined
to provide a bank account number |
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 |
The
turnover for the previous financial year end was R60 million, the same is
expected for the next financial year |
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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 |
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Turnover
and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
|
Number of Principals |
2 |
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Average Age of Active Principals |
37 |
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Active
Principals Principal - 1of 2 ROBERT CUMMING |
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Surname |
CUMMING |
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First Name |
ROBERT |
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Other Names |
None |
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Marital Status |
Single |
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ID Number |
7601205075086 |
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Verified ID Number |
Yes |
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Current Age |
36 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2005/11/09 |
|
Physical Address (at time of Appointment) |
95 GLENVISTA VILLAGE, |
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Postal Address |
P 0 BOX 11094, RANDHART, 1457 |
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Current Tel Number |
0119080140 |
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Cell number |
0724564879 |
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Shareholding/Membership |
50.0000 |
Principal's
Adverse - No information on record
Business
Information forR OBERT CUMMING
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
THE POOL TEAM CC |
B2005/162490/23 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
THE HARDWARE TEAM CC |
B2006/194784/23 |
In
Business |
6
Years 6 Months |
0 |
No |
|
|
PURPLE MOSS 1411 CC |
B2010/097886/23 |
In
Business |
2
Years 2 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 11 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
DADSWELL
AND CUMMING TRANSPORT CC |
B2001/032224/23 |
Deregistration
Final |
11
Years 11 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
|
Principal
- 2of 2 GREGORY CUMMING |
|
|
Surname |
CUMMING |
|
First Name |
GREGORY |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7303055130083 |
|
Verified ID Number |
Yes |
|
Current Age |
39 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2005/11/09 |
|
Physical Address (at time of Appointment) |
|
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Postal Address |
P 0 BOX 412, GLENVISTA, 2058 |
|
Current Tel Number |
0116820220 |
|
Cell number |
0823868889 |
|
Shareholding/Membership |
50.0000 |
Principal's Adverse - No information on record
Business Information forG REGORY CUMMING
Principal Current Business Interests
|
Company Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
THE POOL TEAM CC |
B2005/162490/23 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
THE HARDWARE TEAM CC |
B2006/194784/23 |
In
Business |
6
Years 6 Months |
0 |
No |
|
|
PURPLE MOSS 1411 CC |
B2010/097886/23 |
In
Business |
2
Years 2 Months |
0 |
No |
|
|
REALTY DYNAMIX 112 (PTY)LTD |
M2009/012115/07 |
In
Business |
3
Years 3 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 7 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AVIOR INVESTMENT HOLDINGS (PTY)LTD |
2007/028089/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
GIBSON
FOODS (PTY) LTD |
2008/004660/07 |
In Business |
4 Years 4 Months |
1 |
No |
|
|
TECHNICAL EMINENCE CC |
B1999/002188/23 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
SUN
ROAD TRADING 10 CC |
B2001/039387/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
TAMUS INVESTMENT HOLDINGS (PTY)LTD |
M2008/026015/07 |
Deregistration Final |
4 Years 4 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.90 |
|
|
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.01 |
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.