|
Report Date : |
12.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
HORUS
INTERNATIONAL (PTY)LTD |
|
|
|
|
Registered Office : |
Unit 3
Celie Road, Celie Industrial Park, STEENBERG, CAPE TOWN, 7945 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
12.03.1996 |
|
|
|
|
Com. Reg. No.: |
M1996/003097/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Importers
and Wholsalers of Novelty Goods |
|
|
|
|
No. of Employees : |
20 |
RATING & COMMENTS
|
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 |
|
|
|
|
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
HORUS
INTERNATIONAL (PTY) LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
MARTHA
BAKL - Accountant |
|
Assessment |
This is
an established business. On investigation we made contact with the accountant
MRS. MARTHA BAKL, who assisted with most of the information. MRS BAKL however
declined to assist with the financial information due to it being
confidential. The subject is meeting commitments timeously with it's
suppliers. We obtained a bank code C For R 20 000 over a period of 30 Days.
Please see the available information on the subject below. |
|
Registered
Name |
HORUS
INTERNATIONAL (PTY)LTD |
|
Trading
as/ Division Name |
HORUS
INTERNATIONAL |
|
Registration
Number |
M1996/003097/07 |
|
Registration
Date |
1996/03/12 |
|
Date
Commenced Trading |
1996-03-12 |
|
Age of
Business |
16 Years
10 Months |
|
History
of Business |
The
subject started out as a new business in 1996 |
|
History
of Principals |
There
are currently 4 active directors within the subject. |
|
Shareholders/Members/Partners
of subject and % holding |
50 % -
ROBERT GOULDEN, 50 % - CATHERINE GOULDEN |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Importers
and wholsalers of novelty goods |
|
Industry/
Customers |
Gift
shops |
|
Export |
None |
|
Import |
Yes |
|
Major
Industry Code / SICC |
6190 |
|
Definition
of Code |
OTHER
WHOLESALE TRADE |
|
Head
Office Physical Address |
Unit 3
Celie Road, Celie Industrial Park, STEENBERG, CAPE TOWN, 7945 |
|
Head
Office Postal Address |
PO Box
2, STEENBERG, 7947, SOUTH AFRICA |
|
Current
Tel Number |
0217016721 |
|
Current
Fax Number |
0217016720 |
|
Current
Email Address |
|
Company
Registered Name |
L RUBIN
AND COMPANY |
|
Registration
Number |
8008295004084 |
|
Physical
Address |
101
RUBICOR HOUSE, 17 STANHOPEROAD, CLAREMONT, 7700 |
|
Postal
Address |
P O BOX
23081, CLAREMONT, 7735 |
|
Contact
Person |
LIN
HENDRICKS |
|
Contact
Number |
0216715045 |
|
Email |
|
|
Principals |
1 |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
911755 |
|
Financial
Year End |
February |
|
No of
years in Business |
17 |
|
Website |
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4090101066 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9380233032 |
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Financial
Year End |
February |
Black
Economic Empowerment Information - No Information on Record
ISO
Information - No Information on Record
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
|
Employees |
||||
|
Number
of Employees |
20 |
|||
|
1.
Salaried employees |
20 |
|||
|
2. Waged
employees |
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|||
|
3.
Permanent employees |
20 |
|||
|
4.
Casual employees |
|
|||
|
5.
Contracted employees |
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|||
|
Comment |
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|||
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Company
Fleet |
||||
|
Company
Fleet |
No of
vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
1 |
|||
|
Comment |
|
|||
|
Light
delivery Vehicles |
1 |
Owned |
R100000.00 |
|
Offices
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Owned |
|
Owned by |
HORUS
INTERNATIONAL (PTY)LTD |
|
Value |
R1200000.00 |
|
Type of
Premises |
Offices
and factory |
Branch Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
ROBERT
GOULDEN |
|
|
|
|||
|
2 |
Director |
CATHERINE
GOULDEN |
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Company
Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
50% |
CATHERINE
GOULDEN |
|
|
|
50% |
ROBERT
GOULDEN |
|
|
Key Deals - No Information on Record
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
ONE PACK |
0217090451 |
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|
|
|
2 |
EWC |
0213806200 |
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|
|
|
3 |
C CASTLE |
0214478024 |
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|
|
Trade
References Detail
|
Nr |
Age of
Acc |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
13 Years |
30 Days |
R5000 |
30 Days |
This is
an excellent account. The subject has no credit limit. |
|
2 |
2 Years |
30 Days |
R10000 |
30 Days |
Excellent
Account |
|
3 |
5 Years |
30 Days |
R10000 |
30 Days |
Good
Account |
Adverse
Information on Subject
Judgements – No
Information on Record
BusinessRescus – No Information on Record
Default Listing
- – No Information on Record
Notarial Bonds – No Information on Record
|
Bank |
NEDBANK |
|
Branch |
BUSINESS
SOUTHERN PENINSULA |
|
Bank
Account Number |
1042305927 |
|
Type of
Account |
CURRENT |
|
Account
Name |
HORUS
INTERNATIONAL (PTY)LTD |
|
Overdraft
Facilities |
None |
|
Bank
Code |
C For R
20000 |
|
Bank
Comment |
The
subject's bankers consider them good for all business normal engagements |
Bank Code
History - No Information on Record
Previous
Bank Account Information - No Information on Record
Property Interests for CompanyHORUS INTERNATIONAL (PTY) LTD
|
Title
Deed No. |
T63118/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
2
SWARTHOUT PLATTEKLOOF 2 PAROW |
|
Property
Type |
Freehold
/ Ervin |
Extent /
Size |
1180.0SQM |
|
Purchase
Date |
1999/05/28 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Number
of Principals |
4 |
|
Average
Age of Active Principals |
62 |
|
Active
Principals Principal - 1of 4 TRENT GOULDEN |
|
|
Surname |
GOULDEN |
|
First
Name |
TRENT |
|
Other
Names |
None |
|
Marital
Status |
Single |
|
ID
Number |
8204275240083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
31 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2006/08/02 |
|
Physical
Address (at time of Appointment) |
10
PADDOCK DRIVE, NOORDHOEK DRIVE, 7979 |
|
Postal
Address |
P 0 BOX
2, STEENBERG, 7945 |
|
Current
Tel Number |
0214671000 |
|
Cell
number |
0824454355 |
|
Shareholding/Membership |
|
Business
Information forTRENT GOULDEN Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HORUS INTERNATIONAL
(PTY) LTD |
M1996/003097/07 |
In
Business |
17 Years
5 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
|
Principal
- 2of 4 CATHERINE GOULDEN |
|
|
Surname |
GOULDEN |
|
First
Name |
CATHERINE |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
5206160126007 |
|
Verified
ID Number |
Yes |
|
Current
Age |
61 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1998/12/10 |
|
Physical
Address (at time of Appointment) |
10
PADDOCK DRIVE, NOORDHOEK DRIVE, 7979 |
|
Postal
Address |
P 0 BOX
2, STEENBERG, 7947 |
|
Current
Tel Number |
0217010721 |
|
Cell
number |
0834628162 |
|
Shareholding/Membership |
50% |
Principal's Adverse -
No information on record
Business
Information forCATHERINE GOULDEN Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ROCA
PROPERTIES CC |
B1998/024633/23 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
LESCATH
CC |
B2003/012324/23 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
RC G INVESTMENTS
CC |
B2004/123617/23 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
AIRIG
PROPERTIES CC |
M1993/014701/23 |
Conversion
CO/CC or CC/CO |
20 Years
8 Months |
0 |
No |
|
|
HORUS INTERNATIONAL
(PTY) LTD |
M1996/003097/07 |
In Business |
17 Years
5 Months |
0 |
No |
|
|
HINT
STAFF HOLDINGS (PTY) LTD |
M2005/021443/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
|
Principal
- 3of 4 ROBERT GOULDEN |
|
|
Surname |
GOULDEN |
|
First
Name |
ROBERT |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
4808295104089 |
|
Verified
ID Number |
Yes |
|
Current
Age |
65 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1996/03/12 |
|
Physical
Address (at time of Appointment) |
6
INNESFREE WAY, CONSTANTIA, 7800 |
|
Postal
Address |
6
INNESFREE WAY, CONSTANTI, 7800 |
|
Current
Tel Number |
0217016721 |
|
Cell
number |
0832707338 |
|
Shareholding/Membership |
50% |
Business
Information forROBERT GOULDEN Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CABANA
HOME CARE |
4808295104006 |
|
Unknown |
0 |
No |
|
|
ROCA
PROPERTIES CC |
B1998/024633/23 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
LESCATH
CC |
B2003/012324/23 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
RC G INVESTMENTS
CC |
B2004/123617/23 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
AIRIG
PROPERTIES CC |
M1993/014701/23 |
Conversion
CO/CC or CC/CO |
20 Years
8 Months |
0 |
No |
|
|
HORUS INTERNATIONAL
(PTY) LTD |
M1996/003097/07 |
In
Business |
17 Years
5 Months |
0 |
No |
|
|
HINT
STAFF HOLDINGS (PTY) LTD |
M2005/021443/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
Principal
- 4of 4 ARTHUR GOULDEN
|
Surname |
GOULDEN |
|
First
Name |
ARTHUR |
|
Other
Names |
None |
|
ID
Number |
1911145050008 |
|
Verified
ID Number |
Yes |
|
Current
Age |
94 |
|
Designation |
Director |
|
Status |
Deceased |
|
Physical
Address (at time of Appointment) |
11 THE
ROW, MUIZENBERG, |
|
Postal
Address |
11 THE
ROW, MUIZENBERG, |
|
Current
Tel Number |
0446991326 |
Business
Information forARTHUR GOULDEN Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HORUS INTERNATIONAL
(PTY) LTD |
M1996/003097/07 |
In
Business |
17 Years
5 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
|
UK Pound |
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.72.29 |
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.