|
Report Date : |
17.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
MENDELSON
AND FROST (PTY)LTD |
|
|
|
|
Registered Office : |
4 Bond
Street, MOUNT CROIX, PORT ELIZABETH, 6001 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
05.11.1968 |
|
|
|
|
Com. Reg. No.: |
M1968/013000/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale
trade in agricultural raw materials and livestock |
|
|
|
|
No. of Employees : |
No 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 : |
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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 and a stock exchange that is the 15th largest in
the world. Even though the country possesses modern infrastructure that support
a relatively efficient distribution of goods to major urban centers throughout
the region, some components retard growth. The economy began to slow in the
second half of 2007 due to an electricity crisis. 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. Subsequently, the global financial crisis
reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has
recovered since then. Unemployment, poverty, and inequality remain a challenge,
with official unemployment at nearly 25% of the work force. Eskom has built two
new power stations and installed new power demand management programs to
improve power grid reliability. South Africa's economic policy has focused on
controlling inflation, however, the country has had significant budget deficits
that restrict its ability to deal with pressing economic problems. The current
government faces 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 |
MENDELSON AND FROST (PTY)LTD |
|
Country |
SOUTH AFRICA |
|
Subject Contact Person |
TREVOR HAWKINS - Financial Director |
|
Assessment |
This is an established business. On investigation contact
was made with TREVOR HAWKINS the Financial Director who requested the
questionnaire to be sent for completion. Numerous attempts were made to obtain
the information. He however requested more time to complete the
questionnaire. We are awaiting further information. Please see the available
information on the subject below. |
|
Registered Name |
MENDELSON AND FROST (PTY)LTD |
|
Trading as/ Division Name |
MENDELSON AND FROST |
|
Previous Name |
Unavailable |
|
Date of Name Change |
1996-11-05 |
|
Registration Number |
M1968/013000/07 |
|
Registration Date |
1968/11/05 |
|
Date Commenced Trading |
1968-11-05 |
|
Age of Business |
44 Years 9 Months |
|
History of Business |
MENDELSON AND FROST (PTY)LTD commenced trading as a new
business in 1968. |
|
History of Principals |
There are currently 5 active directors with the company. |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations Assessment |
The subject distributes raw materials |
|
Industry/ Customers |
All major footwear and leather manufacturing companies. |
|
Export |
Unknown |
|
Import |
Unknown |
|
Major Industry Code / SICC |
61210 |
|
Definition of Code |
Wholesale trade in agricultural raw materials and livestock |
|
Head Office Physical Address |
4 Bond Street, MOUNT CROIX, PORT ELIZABETH, 6001 |
|
Head Office Postal Address |
P O BOX 266, PORT ELIZABETH, 6001 |
|
Current Tel Number |
0413737655 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0413731422 |
|
Current Email Address |
|
|
Web Site Address |
Unavailable |
|
Company Registered Name |
GRANT THARNTON CAPE INC |
|
Trading Name |
GRANT THORNTON |
|
Registration Number |
2010/016204/21 |
|
Physical Address |
6th Floor, 119 Hertzog Boulevard, Foreshore, CAPE TOWN |
|
Postal Address |
Private Bag 28, BENMORE, 2010 |
|
Contact Person |
JACKIE |
|
Contact Number |
0214178800 |
|
Email |
Unavailable |
|
Principals |
16 |
|
Judgements Against Subject |
None On Record |
|
Judgements Against Principals |
None On Record |
|
Subject Verified as Client |
Yes |
|
Practice Number |
92538 |
|
VAT Number |
4950256596 |
|
Tax Number |
9151210185 |
|
BEE Status |
Level 4 |
|
Financial Year End |
December |
|
No of years in Business |
Unknown |
|
Website |
|
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat Number |
4510109780 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1991/09/30 |
|
Tax Number |
9480051078 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
June |
|
Comment |
|
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
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
Organisational
Chart - No Information on Record
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
BusinessRescue
- No Information on Record
Judgements
- No information on record
Default
Listing - No information on record
Notarial
Bonds - No information on record
Property
Interests for CompanyMENDELSON AND FROST (PTY)LTD
|
Title Deed No. |
T69685/2002 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
4 BOND MILLARD GRANGE PORT ELIZABETH |
|
Property Type |
Freehold |
Extent / Size |
1545.0SQM |
|
Purchase Date |
2002/06/28 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
|
|
|||
|
Title Deed No. |
T48741/2002 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
4 SAXON BONELA DURBAN |
|
Property Type |
Freehold |
Extent / Size |
907.0SQM |
|
Purchase Date |
2002/06/28 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
|
|
|||
|
Title Deed No. |
T48741/2002 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
BONELA DURBAN |
|
Property Type |
Freehold |
Extent / Size |
57.0SQM |
|
Purchase Date |
2002/06/28 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
|
Title Deed No. |
T83339/2002 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
2 TECHNO W P PARK GOODWOOD |
|
Property Type |
Freehold |
Extent / Size |
3358.0SQM |
|
Purchase Date |
2002/06/28 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
|
|
|||
|
Title Deed No. |
T131533/2002 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
4 COMMERCE SANDOWN SANDTON |
|
Property Type |
Freehold |
Extent / Size |
2968.0SQM |
|
Purchase Date |
2002/06/28 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
|
Number of Principals |
5 |
|
Average Age of Active Principals |
55 |
|
Active Principals Principal - 1of 5 GRANT DANIEL |
|
|
Surname |
DANIEL |
|
First Name |
GRANT |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
6502035098085 |
|
Verified ID Number |
Yes |
|
Current Age |
48 Years 6 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1997/04/19 |
|
Physical Address (at time of Appointment) |
11 WESTMINSTER DRIVE, CRAIGHALL PARK, JOHANNESBURG, 2194 |
|
Postal Address |
P 0 BOX 76135, WENDYWOOD, 2144 |
|
Current Tel Number |
0413737665 |
|
Cell number |
|
|
Shareholding/Membership |
0.00 |
Business
Information forGRANT DANIEL
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
l"DOS ORMOS UNIT 32 CC |
B2000/025920/23 |
Deregistration Process |
13 Years 1 Months |
0 |
No |
|
|
MENDELSON AND FROST (PTY)LTD |
M1968/013000/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
SOUTHERN BOREALIS INVESTMENTS (PTY) LTD |
M1998/019072/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
Principal
Previous Business Interests
Principal's
Deeds Information - No information on record
Average Age of Previous Business
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
|
Principal - 2of 5 L DANIEL |
|
|
Surname |
DANIEL |
|
First Name |
L |
|
Other Names |
T |
|
Marital Status |
|
|
ID Number |
4006215067003 |
|
Verified ID Number |
Yes |
|
Current Age |
73 Years 2 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1972/03/06 |
|
Physical Address (at time of Appointment) |
4 COMMERCE PLACE, EASTGATE EXT 12, SANDTON, 2196 |
|
Postal Address |
P 0 BOX 76135, WENDYWOOD, 2144 |
|
Current Tel Number |
0114442250 |
|
Cell number |
0836542542 |
|
Shareholding/Membership |
0.00 |
Business
Information forL DANIEL
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BOND STREET PROPERTIES CC |
M1989/014116/23 |
Conversion CO/CC or CC/CO |
24 Years |
0 |
No |
|
|
COLUMBIA MARKETING (PTY) LTD |
M2001/004843/07 |
In Business |
12 Years |
0 |
No |
|
|
FUMARA TRADING (PTY) LTD |
M1992/000286/07 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
MEGUL INVESTMENTS (PTY) LTD |
M1999/007936/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
MENDELSON AND FROST (PTY)LTD |
M1968/013000/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
MINUET INVESTMENTS (PTY) LTD |
M1999/019545/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
SOUTHERN BOREALIS INVESTMENTS (PTY) LTD |
M1998/019072/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
VIGO PROPERTIES (PTY) LTD |
M1982/000459/07 |
Conversion CO/CC or CC/CO |
31 Years 7 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interests
Average Age of Previous Business 18 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DTL
PROPERTIES (PTY) LTD |
M1991/007279/07 |
Deregistration
Final |
22 Years 10 Months |
0 |
No |
|
|
ERF
974 DAINFERN EXT 6 CC |
B1996/014152/23 |
Dissolved |
17 Years 5 Months |
0 |
No |
|
|
SECPROP 90 INVESTMENTS (PTY) LTD |
M1996/007700/07 |
Conversion CO/CC or CC/CO |
17 Years 5 Months |
0 |
No |
|
Principal
- 3of 5 JAIKISHAN DAYA
|
Surname |
DAYA |
|
First Name |
JAIKISHAN |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
5412285021053 |
|
Verified ID Number |
Yes |
|
Current Age |
58 Years 8 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2005/01/01 |
|
Physical Address (at time of Appointment) |
2 NOREEN HEIGHTS CRESTA, JOHANNESBURG, 2194 |
|
Postal Address |
PO BOX 76135, WEDYWOOD, 2111 |
|
Current Tel Number |
0114442255 |
|
Cell number |
0846036580 |
|
Shareholding/Membership |
0.00 |
Business
Information forJAIKISHAN DAYA Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MENDELSON AND FROST (PTY)LTD |
M1968/013000/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
Principal
Previous Business Interest
Average Age of Previous Business
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
|
Principal - 4of 5 TREVOR HAWKINS |
|
|
Surname |
HAWKINS |
|
First Name |
TREVOR |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
6002095070082 |
|
Verified ID Number |
Yes |
|
Current Age |
53 Years 6 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2002/10/18 |
|
Physical Address (at time of Appointment) |
18 ANGELA AVE, CHARLO, PORT ELIZABETH, 6070 |
|
Postal Address |
P 0 BOX 266, PORT ELIZABETH, 6000 |
|
Current Tel Number |
0413731665 |
|
Cell number |
0824632801 |
|
Shareholding/Membership |
0.00 |
Business
Information forTREVOR HAWKINS Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GTA AAANAGEMENT SERVICES (PTY)LTD |
M1997/020550/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
MENDELSON AND FROST (PTY)LTD |
M1968/013000/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
TREVJEN BUSINESS SERVICES |
6002095070009 |
|
Unknown |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interests
Average Age of Previous Business 15 Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
HAWKIN'S
BUSINESS SERVICES CC |
B1998/070617/23 |
Deregistration
Final |
15
Years 3 Months |
0 |
No |
|
|
Principal - 5of 5 CRAIG DANIEL |
|
|
Surname |
DANIEL |
|
First Name |
CRAIG |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
6803235125086 |
|
Verified ID Number |
Yes |
|
Current Age |
45 Years 5 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2002/07/01 |
|
Physical Address (at time of Appointment) |
63 RIVER ROAD, WALMER, PORT ELIZABETH, 6070 |
|
Postal Address |
P 0 BOX 266, PORT ELIZABETH, 6000 |
|
Current Tel Number |
0413737665 |
|
Cell number |
0832844826 |
|
Shareholding/Membership |
0.00 |
Business
Information forCRAIG DANIEL
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MENDELSON AND FROST (PTY)LTD |
M1968/013000/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
SOUTHERN BOREALIS INVESTMENTS (PTY) LTD |
M1998/019072/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
Principal
Previous Business Interest
Average Age of Previous Business
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.82 |
|
|
1 |
Rs.96.57 |
|
Euro |
1 |
Rs.82.45 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.