MIRA INFORM REPORT
|
Report Date : |
01.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
LUXCO
IMPORTERS (PTY)LTD |
|
|
|
|
Registered Office : |
GROUND
FLOOR BLOCK G, PINMILL FARM, 164 KATHERINE STREET, SANDOWN, 2031 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
10.11.2004 |
|
|
|
|
Com. Reg. No.: |
M2004/032790/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Import and Wholesale of Luxury Goods (other Sources) |
|
|
|
|
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 – 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. State power
supplier 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 |
LUXCO
IMPORTERS (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
YACOF
SHISHLER - Financial Manager |
|
Assessment |
On
investigation we made contact with YACOF SHISHLER the financial manager who
declined to assist with the required information as he was unable to assist
at present. MR SHISHLER requested that we contact him next week Tuesday
2013/07/02 as he may then be of assistance. Please see the available
information on the subject below. |
|
Registered
Name |
LUXCO
IMPORTERS (PTY)LTD |
|
Trading
as/ Division Name |
LUXCO
IMPORTERS |
|
Previous
Name |
Unavailable |
|
Date
of Name Change |
2004-12-20 |
|
Registration
Number |
M2004/032790/07 |
|
Registration
Date |
2004/11/10 |
|
Date
Commenced Trading |
2004-11-10 |
|
Age
of Business |
8
Years 7 Months |
|
History
of Business |
The
subject was established in November 2004 and operations commenced immediately.
It underwent a name change in December 2004 from an unknown name to the
current. |
|
History
of Principals |
There
are 3 active directors within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
120.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Unavailable |
|
Industry/
Customers |
Unavailable |
|
Export |
Unknown |
|
Import |
Unknown |
|
Major
Industry Code / SICC |
9000 |
|
Definition
of Code |
Other
activities not adequately defined. |
|
Head
Office Physical Address |
GROUND
FLOOR BLOCK G, PINMILL FARM, 164 KATHERINE STREET, SANDOWN, 2031 |
|
Head
Office Postal Address |
P
0 BOX 650052, BENMORE, 2010 |
|
Current
Tel Number |
0114482210 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0114482218 |
|
Current
Email Address |
Unavailable |
|
Web
Site Address |
Unavailable |
|
Comments |
|
|
Company
Registered Name |
RANSOME
RUSSOUS |
|
Trading
Name |
Unavailable |
|
Registration
Number |
Unavailable |
|
Physical
Address |
Unavailable |
|
Postal
Address |
P
0 BOX 84040, GREENSIDE, 2034 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
Unavailable |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
No |
|
Practice
Number |
953717 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No
of years in Business |
Unknown |
|
Website |
Unavailable |
|
Comment |
|
Previous
Auditors Information - No Information on Record
Black
Economic Empowerment Information - No Information on Record
Tax
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
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
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
69 |
|
Active
Principals Principal - 1of 3 SOLOMON HYMAN |
|
|
Surname |
HYMAN |
|
First
Name |
SOLOMON |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
3604225015086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
77
Years 2 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2004/11/26 |
|
Physical
Address (at time of Appointment) |
44
EASTWOOD ROAD, DUNKELD, 2310 |
|
Postal
Address |
P
0 BOX 691, WITBANK, 1035 |
|
Current
Tel Number |
0132915600 |
|
Cell
number |
0823883186 |
|
Shareholding/Membership |
0.00 |
Business
Information forSOLOMON HYMAN Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DESSEL
FARM PROPERTIES (WOESTALLEEN) (PTY) LTD |
M2000/014919/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
DESSEL
FARMING PROPERTIES (PTY) LTD |
M1991/005054/07 |
In
Business |
22
Years 10 Months |
0 |
No |
|
|
LUXCO
IMPORTERS (PTY) LTD |
M2004/032790/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
NOODHULP
INVESTMENTS (PTY) LTD |
M2001/008998/07 |
In
Business |
0 |
0 |
No |
|
|
S
1 S FARMING GROUP (PTY)LTD |
M1965/008772/07 |
In
Business |
0 |
0 |
No |
|
|
SIS
FEEDS (PTY)LTD |
M2004/025116/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
SUPER
SERVINGS MEAT (PTY)LTD |
M2004/018771/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
WITBANK
ABATOIR (PTY) LTD |
M1996/017173/07 |
In
Business |
17
Years 5 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business 24
Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
CHEMFIT
(PTY)LTD |
M1988/001467/07 |
In
Business |
25 Years 1 Months |
0 |
No |
|
|
HIDSKIN PROCESSORS
(PTY) LTD |
M1998/016581/07 |
In
Business |
15 Years 3 Months |
0 |
No |
|
|
HIRBID PROPERTIES
(PTY) LTD |
M1981/005421/07 |
Deregistration
Final |
32 Years 8 Months |
0 |
No |
|
|
LIFE
IMPILO (PTY)LTD |
M1985/001313/07 |
In
Business |
28 Years 4 Months |
0 |
No |
|
|
SAFSAN
INDUSTRIAL PROPERTIES (PTY)LTD |
M1994/006783/07 |
Deregistration
Final |
19 Years 7 Months |
0 |
No |
|
|
SAFSAN
PROPERTIES (PTY) LTD |
M1983/009373/07 |
Dissolved |
30 Years 6 Months |
0 |
No |
|
|
SAFSAN
PROPERTY INVESTMENT (PTY)LTD |
M1994/006831/07 |
Deregistration
Final |
19 Years 7 Months |
0 |
No |
|
|
SOLZU
INVESTMENTS (PTY) LTD |
M2000/014962/07 |
Deregistration
Final |
13 Years 1 Months |
0 |
No |
|
|
TRADING
VOLUME SHARE DEALING CC |
B1994/019473/23 |
Deregistration
Final |
19 Years 7 Months |
0 |
No |
|
|
VOERKRAAL
MAKELAARS (PTY)LTD |
M1967/010129/07 |
Deregistration
Final |
46 Years 10 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
|
Principal
- 2of 3 RUSSELL HOPKINS |
|
|
Surname |
HOPKINS |
|
First
Name |
RUSSELL |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
4812205124088 |
|
Verified
ID Number |
Yes |
|
Current
Age |
64
Years 6 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2004/11/26 |
|
Physical
Address (at time of Appointment) |
3
CASTELLANO, SLOANE STREET, BRYANSTON, 2021 |
|
Postal
Address |
10
VILLA PEEGRINO, PETUNIA ST, BRYANSTON, 2021 |
|
Current
Tel Number |
0114402218 |
|
Cell
number |
0828085715 |
|
Shareholding/Membership |
0.00 |
Business
Information forRUSSELL HOPKINS Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LUXCO
IMPORTERS (PTY) LTD |
M2004/032790/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
Principal
Previous Business Interest
Principal's
Deeds Information - No information on record
Average
Age of Previous Business 10 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ATTAIN
PROPERTY INVESTMENT CC |
B1996/027211/23 |
Deregistration
Final |
17
Years 5 Months |
1 |
No |
|
|
CASTELLANO HOMEOWNERS ASSOCIATION |
M2001/024586/08 |
In
Business |
|
0 |
No |
|
|
DESTINATION
SPORTS (PTY) LTD |
M2003/027257/07 |
Deregistration
Final |
10 Years 10 Months |
0 |
No |
|
|
GLOBAL RETAIL
SERVICES (PTY)LTD |
M1999/000069/07 |
Deregistration
Final |
14
Years 2 Months |
0 |
No |
|
|
Principal
- 3of 3 J SHISHLER |
|
|
Surname |
SHISHLER |
|
First
Name |
J |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
4612305042085 |
|
Verified
ID Number |
Yes |
|
Current
Age |
66
Years 6 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2004/11/26 |
|
Physical
Address (at time of Appointment) |
131
-6TH AVENUE, HIGHLANDS NORTH, JOHANNESBURG, 2192 |
|
Postal
Address |
131
-6TH AVENUE, HIGHLANDS NORTH, JOHANNESBURG, 2192 |
|
Current
Tel Number |
0114406500 |
|
Cell
number |
0828086166 |
|
Shareholding/Membership |
0.00 |
Business
Information forJ SHISHLER
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LUXCO
IMPORTERS (PTY) LTD |
M2004/032790/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
Principal
Previous Business Interest
Principal's
Deeds Information - No information on record
Average
Age of Previous Business 9 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
JASHANMAL SOUTH
AFRICA (PTY)LTD |
2004/017691/07 |
Deregistration
Final |
9 Years 9 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
|
1 |
Rs.91.14 |
|
Euro |
1 |
Rs.77.97 |
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.