|
Report Date : |
26.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
NATIONAL TILES (PTY) LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
11.04.1984 |
|
|
|
|
Com. Reg. No.: |
M1984/003775/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesaler of Tiles |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Unknown |
|
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
NATIONAL
TILES (PTY)LTD |
|
Country |
SOUTH
AFRICA |
|
Subject
Contact Person |
GLYNN
- Financial Manager |
|
Assessment |
This is
an established business. On
investigation we made contact with the subject and we were referred to the
Financial Manger MR. GLYNN who requested that we send him the questionnaire. On further
investigation, MR. GLENN asked for more time to complete the questionnaire.
We await further information for the subject. Please
see the available information on the subject below. |
|
Registered
Name |
NATIONAL
TILES (PTY)LTD |
|
Trading
as/ Division Name |
NATIONAL
TILES |
|
Registration
Number |
M1984/003775/07 |
|
Registration
Date |
1984/04/11 |
|
Date
Commenced Trading |
1984-04-11 |
|
Age
of Business |
28
Years 5 Months |
|
History
of Business |
The
subject started out as a new company in 1984. |
|
History
of Principals |
There
is 3 active principals within the company. |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Wholesaler
of Tiles |
|
Industry/
Customers |
Construction
companies, tiling companies and the public. |
|
Export |
Unknown |
|
Major
Industry Code / SICC |
6190 |
|
Head
Office Physical Address |
19
North Reef Road, BEDFORDVIEW, 2008 |
|
Head
Office Postal Address |
Private
Bag X3038, BEDFORDVIEW, 2008 |
|
Current
Tel Number |
0116632000 |
|
Current
Fax Number |
0114555395 |
|
Current
Email Address |
|
Company
Registered Name |
PAPAILSKY
HURWITZ |
|
Physical
Address |
Aloe
Grove Bldg, 196 Louis Botha Ave, Orange Grove, SANDTON, 2192 |
|
Postal
Address |
PO
Box 46319, Orange Grove, SANDTON, 2119 |
|
Contact
Number |
0117287433 |
|
Email |
|
|
Subject
Verified as Client |
Yes |
|
Website |
Previous auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
PAPAILSKY HURWITZ |
|
28 |
|
|
Vat
Number |
4570107476 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9427020848 |
|
Financial
Year End |
February |
Black Economic Empowerment Information - No
Information on Record
ISO Information - No Information on Record
Work Mans Information - No Information on
Record
Subsidiaries Information - No Information on
Record
Employees Information - No Information on
Record
Company Fleet Information - No Information on
Record
Offices Information - No Information on Record
Branch Information - No Information on Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
HORACIO DE ABREU |
|
|
|
|||
|
1 |
Director |
VINCENZO GHISLENI |
|
|
|
|||
|
1 |
Director |
GIGLIO GHISLENI |
|
Company Structure Information - No Information
on Record
Note: One level up and all levels down
Key Deals - No Information on Record
Trade References Information - No Information
on Record
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 Information - No Information on Record
Bank Code History - No Information on Record
Previous Bank Account Information - No
Information on Record
Deeds Information - No information on record
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
67 |
|
Active
Principals Principal - 1of 3 HORACIO DE ABREU |
|
|
Surname |
DE
ABREU |
|
First
Name |
HORACIO |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
5106145029187 |
|
Verified
ID Number |
Yes |
|
Current
Age |
61 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
1992/10/31 |
|
Physical
Address (at time of Appointment) |
12
ALLEN GROVE ROAD, BEDFORDVEW, 2007 |
|
Postal
Address |
PRIVATE
BAG X3038, BEDFORDVIEW, 2007 |
|
Current
Tel Number |
0116632000 |
|
Shareholding/Membership |
None |
Principal's Adverse - No information on record
Business
Information for HORACIO DE ABREU
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
||||||
|
DIA STAR STONE
TECHNOLOGIES (PTY) LTD |
2004/001614/07 |
In Business |
8
Years 8 Months |
0 |
No |
|
||||||
|
UNION TILES
GEORGE (PTY)LTD |
2004/019859/07 |
In Business |
8
Years 8 Months |
0 |
No |
|
||||||
|
GHISLENI
INVESTMENTS (PTY) LTD |
M1950/035761/07 |
In Business |
62
Years 2 Months |
0 |
No |
|
||||||
|
GHISLENI
INDUSTRIES (PTY) LTD |
M1950/037978/07 |
In Business |
62
Years 2 Months |
0 |
No |
|
||||||
|
UNION FLOORING
TILES (PTY)LTD |
M1965/005479/07 |
In Business |
47
Years 11 Months |
0 |
No |
|
||||||
|
UNION MOSAIC AND TILES (PTY)LTD |
M1965/005875/07 |
In Business |
47
Years 11 Months |
0 |
No |
|
||||||
|
COLLOSEUM
CERAMICS (PTY) LTD |
M1971/005133/07 |
In Business |
41
Years 5 Months |
0 |
No |
|
||||||
|
SUNVIEW
PROPERTIES (PTY) LTD |
M1979/002960/07 |
In Business |
33
Years 9 Months |
0 |
No |
|
||||||
|
INTERNATIONAL
NATURAL STONE (PTY) LTD |
M1981/005052/07 |
In Business |
31
Years 7 Months |
0 |
No |
|
||||||
|
TILERAMA
(PTY) LTD |
M1981/005382/07 |
In Business |
31
Years 7 Months |
0 |
No |
|
||||||
|
TILE
DECOR CASH AND CARRY (PTY) LTD |
M1982/006311/07 |
In Business |
30
Years 6 Months |
0 |
No |
|
||||||
|
INTERNATIONAL
ABRASIVES (PTY) LTD |
M1983/007139/07 |
In Business |
29
Years 5 Months |
0 |
No |
|
||||||
|
NATIONAL TILES
(PTY) LTD |
M1984/003775/07 |
In Business |
28
Years 4 Months |
0 |
No |
|
||||||
|
UNION TILES
RANDBURG (PTY) LTD |
M1991/000084/07 |
In Business |
21
Years 9 Months |
0 |
No |
|
||||||
|
UNION TILES (PTY)
LTD |
M1996/014733/07 |
In Business |
16
Years 4 Months |
0 |
No |
|
||||||
|
UNION TILES CAPE
TOWN (PTY)LTD |
M1999/004491/07 |
In Business |
13
Years 1 Months |
0 |
No |
|
||||||
|
UNION TILES
PIETERMARITZBUR G (PTY)LTD |
M2000/023213/07 |
In
Business |
0 |
0 |
No |
|
||||||
|
UNION TILES
CENTURION (PTY) LTD |
M2002/013726/07 |
In
Business |
10
Years 10 Months |
0 |
No |
|
||||||
|
AFRICOTE
INTERNATIONAL (PTY) LTD |
M2002/013728/07 |
In
Business |
10
Years 10 Months |
0 |
No |
|
||||||
|
UNION TILES
BENONI (PTY)LTD |
M2003/025472/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
||||||
|
UNION TILES
INVESTMENT HOLDINGS (PTY) LTD |
M2004/012243/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
||||||
|
UNION TILES
BALLITO (PTY)LTD |
M2004/029307/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
||||||
|
UNION TILES
NELSPRUIT (PTY) LTD |
M2004/031858/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
||||||
|
UNION TILES
PROPERTIES (PTY) LTD |
M2004/033036/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
||||||
|
UNION TILES
BLOEMFONTEIN (PTY) LTD |
M2005/021020/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
||||||
Principal
Previous Business Interests
Average
Age of Previous Business 22
years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
RAMPROP
CC |
B1990/035907/23 |
Deregistration
Final |
22 Years 10
Months |
1 |
No |
|
|
ROMA
TILE (PTY)LTD |
M1989/002865/07 |
Deregistration
Final |
23 Years 11
Months |
0 |
No |
|
|
ROMAPROP
(PTY)LTD |
M1991/004920/07 |
Deregistration
Final |
21
Years 9 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
Principal -
2of 3 VINCENZO GHISHLENI
|
Surname |
GHISHLENI |
|
First
Name |
VINCENZO |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
5701225053006 |
|
Verified
ID Number |
Yes |
|
Current
Age |
55 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
1992/10/31 |
|
Physical
Address (at time of Appointment) |
3A
ALLAN ROAD, BEFORDVIEW, 2008 |
|
Postal
Address |
PRIVATE
BAG X3038, BEDFORDVIEW, 2008 |
|
Current
Tel Number |
0116632000 |
|
Cell
number |
0795106492 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business
Information for VINCENZO GHISHLENI
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
||||||
|
DIA STAR STONE
TECHNOLOGIES (PTY) LTD |
2004/001614/07 |
In Business |
8
Years 8 Months |
0 |
No |
|
||||||
|
UNION TILES
GEORGE (PTY)LTD |
2004/019859/07 |
In Business |
8
Years 8 Months |
0 |
No |
|
||||||
|
GHISLENI
INDUSTRIES (PTY) LTD |
M1950/037978/07 |
In Business |
62
Years 2 Months |
0 |
No |
|
||||||
|
UNION FLOORING
TILES (PTY)LTD |
M1965/005479/07 |
In Business |
47
Years 11 Months |
0 |
No |
|
||||||
|
UNION MOSAIC AND TILES (PTY)LTD |
M1965/005875/07 |
In Business |
47
Years 11 Months |
0 |
No |
|
||||||
|
COLLOSEUM
CERAMICS (PTY) LTD |
M1971/005133/07 |
In Business |
41
Years 5 Months |
0 |
No |
|
||||||
|
SUNVIEW
PROPERTIES (PTY) LTD |
M1979/002960/07 |
In Business |
33
Years 9 Months |
0 |
No |
|
||||||
|
INTERNATIONAL
NATURAL STONE (PTY) LTD |
M1981/005052/07 |
In Business |
31
Years 7 Months |
0 |
No |
|
||||||
|
TILERAMA
(PTY) LTD |
M1981/005382/07 |
In Business |
31
Years 7 Months |
0 |
No |
|
||||||
|
TILE
DECOR CASH AND CARRY (PTY) LTD |
M1982/006311/07 |
In Business |
30
Years 6 Months |
0 |
No |
|
||||||
|
INTERNATIONAL
ABRASIVES (PTY) LTD |
M1983/007139/07 |
In Business |
29
Years 5 Months |
0 |
No |
|
||||||
|
NATIONAL TILES
(PTY) LTD |
M1984/003775/07 |
In Business |
28
Years 4 Months |
0 |
No |
|
||||||
|
UNION TILES
RANDBURG (PTY) LTD |
M1991/000084/07 |
In Business |
21
Years 9 Months |
0 |
No |
|
||||||
|
UNION TILES (PTY)
LTD |
M1996/014733/07 |
In Business |
16
Years 4 Months |
0 |
No |
|
||||||
|
UNION TILES CAPE
TOWN (PTY)LTD |
M1999/004491/07 |
In Business |
13
Years 1 Months |
0 |
No |
|
||||||
|
UNION TILES
PIETERMARITZBUR G (PTY)LTD |
M2000/023213/07 |
In Business |
0 |
0 |
No |
|
||||||
|
THE
SOUTH AFRICAN BALLET THEATRE |
M2001/016254/08 |
In
Business |
11
Years 11 Months |
0 |
No |
|
||||||
|
UNION TILES
CENTURION (PTY) LTD |
M2002/013726/07 |
In
Business |
10
Years 10 Months |
0 |
No |
|
||||||
|
AFRICOTE
INTERNATIONAL (PTY) LTD |
M2002/013728/07 |
In
Business |
10
Years 10 Months |
0 |
No |
|
||||||
|
UNION TILES BENONI
(PTY)LTD |
M2003/025472/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
||||||
|
UNION TILES
INVESTMENT HOLDINGS (PTY) LTD |
M2004/012243/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
||||||
|
UNION TILES
BALLITO (PTY)LTD |
M2004/029307/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
||||||
|
UNION TILES
NELSPRUIT (PTY) LTD |
M2004/031858/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
||||||
|
UNION TILES
PROPERTIES (PTY) LTD |
M2004/033036/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
||||||
|
UNION TILES
BLOEMFONTEIN (PTY) LTD |
M2005/021020/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
||||||
Principal
Previous Business Interests
Average
Age of Previous Business 62
years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GHISLENI HOLDINGS
(PTY) LTD |
M1950/036208/07 |
Deregistration
Final |
62 Years 2 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal - 3of 3 GIGLIO
GHISLENI
|
Surname |
GHISLENI |
|
First
Name |
GIGLIO |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
2705125049009 |
|
Verified
ID Number |
Yes |
|
Current
Age |
85 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1984/04/11 |
|
Physical
Address (at time of Appointment) |
1
SCHOOL ROAD, BEDFORDVIEW, Gauteng, 2008 |
|
Postal
Address |
PO
BOX 127, BEDFORDVIEW, 2008 |
|
Current
Tel Number |
0116632000 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business
Information for GIGLIO GHISLENI
Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
FOSGI INVESTMENTS
CC |
B1997/024161/23 |
In Business |
15
Years 3 Months |
0 |
No |
|
|
UNION FLOORING
TILES (PTY)LTD |
M1965/005479/07 |
In Business |
47
Years 11 Months |
0 |
No |
|
|
UNION MOSAIC AND TILES (PTY)LTD |
M1965/005875/07 |
In Business |
47
Years 11 Months |
0 |
No |
|
|
INTERNATIONAL
NATURAL STONE (PTY) LTD |
M1981/005052/07 |
In Business |
31
Years 7 Months |
0 |
No |
|
|
TILE
DECOR CASH AND CARRY (PTY) LTD |
M1982/006311/07 |
In Business |
30
Years 6 Months |
0 |
No |
|
|
INTERNATIONAL
ABRASIVES (PTY) LTD |
M1983/007139/07 |
In Business |
29
Years 5 Months |
0 |
No |
|
|
NATIONAL TILES
(PTY) LTD |
M1984/003775/07 |
In Business |
28
Years 4 Months |
0 |
No |
|
|
UNION TILES
RANDBURG (PTY) LTD |
M1991/000084/07 |
In Business |
21
Years 9 Months |
0 |
No |
|
|
UNION TILES (PTY)
LTD |
M1996/014733/07 |
In Business |
16
Years 4 Months |
0 |
No |
|
|
UNION TILES
BENONI (PTY)LTD |
M2003/025472/07 |
In Business |
9
Years 9 Months |
0 |
No |
|
Principal Previous Business Interests
Average
Age of Previous Business 38
years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
UNION TILES
TRANSPORT CC |
B1998/008530/23 |
Deregistration
Final |
14 Years 2 Months |
0 |
No |
|
|
PHOENIX MACHINE PROPERTIES
(PTY)LTD |
M1932/003666/07 |
In
Business |
80 Years 8 Months |
0 |
No |
|
|
GHISLENI
INVESTMENTS (PTY) LTD |
M1950/035761/07 |
In
Business |
62 Years 2 Months |
0 |
No |
|
|
GHISLENI
HOLDINGS (PTY) LTD |
M1950/036208/07 |
Deregistration
Final |
62 Years 2 Months |
0 |
No |
|
|
GHISLENI
INDUSTRIES (PTY) LTD |
M1950/037978/07 |
In
Business |
62 Years 2 Months |
0 |
No |
|
|
COLLOSEUM
CERAMICS (PTY) LTD |
M1971/005133/07 |
In
Business |
41
Years 5 Months |
0 |
No |
|
|
SUNVIEW
PROPERTIES (PTY) LTD |
M1979/002960/07 |
In
Business |
33
Years 9 Months |
0 |
No |
|
|
GUSAND
PROPERTIES NORTH (PTY)LTD |
M1996/014741/07 |
Deregistration
Final |
16
Years 4 Months |
0 |
No |
|
|
UNION TILES PIETERMARITZBURG
(PTY) LTD |
M2000/023213/07 |
In
Business |
|
0 |
No |
|
|
AFRICOTE
INTERNATIONAL (PTY) LTD |
M2002/013728/07 |
In
Business |
10
Years 10 Months |
0 |
No |
|
Principal's Deeds Information - No information on
record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.53 |
|
UK Pound |
1 |
Rs.86.82 |
|
Euro |
1 |
Rs.69.03 |
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.