MIRA INFORM REPORT

 

 

Report Date :

22.06.2013

 

IDENTIFICATION DETAILS

 

Name :

THE HOUSE OF BUSBY (PTY)LTD

 

 

Registered Office :

P o Box 16647, Doornfontein, 2028

 

 

Country :

South Africa

 

 

Date of Incorporation :

04.10.2004

 

 

Com. Reg. No.:

M2004/028454/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

distributor and retailer of clothing, luggage, handbags, accessories, eyewear and footwear

 

 

No. of Employees :

The 1500 employees consists of group employees. A further breakdown was not made available

 

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 – 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

THE HOUSE OF BUSBY (PTY) LTD

Country

South Africa

Subject Contact Person

NIEL - CHIEF FINANCIAL OFFICER

Assessment

This is a well-established and well -connected business.

 

On investigation contact was made with NIEL the CHIEF FINANCIAL OFFICER of the company.

 

The company has been in operation for approximately 80 years.

 

The company only has one local supplier.

 

A bank code could not be obtained as the account number was not made available.

 

No adverse information was revealed.

 

Please see the information obtained below.

 

 

Company information

 

Registered Name

THE HOUSE OF BUSBY (PTY)LTD

Trading as/ Division Name

GUESS, NINEWEST, ALDO, FRASERS, MANGO, FOREVER NEW, XCESSORY MIX

Previous Name

Undisclosed

Date of Name Change

2005-01-26

Registration Number

M2004/028454/07

Registration Date

2004/10/04

Date Commenced Trading

2004-10-04

Age of Business

8 Years 8 Months

History of Business

The subject's operations have originally been in existence since 1933, however changes have been made over the years. The subject took over operations of BUSBY TRADING (PTY) LTD in 2008.

History of Principals

There are currently 12 active directors within the business.

Shareholders/Members/Partners of subject and % holding

ETHOS PRIVATE EQUITY is the majority shareholder.

Authorised Share Capital

R1000.00

Issued Share Capital/Members Contribution

R7.00

Status

In Business

Operations Assessment

The company operates as a distributor and retailer of clothing, luggage, handbags, accessories, eyewear and footwear.

Industry/ Customers

Retailers and group owned stores

Export

Yes

Export Countries

Botswana, Mozambique, Namibia

Import

Yes

Import Countries

China, India

Major Industry Code / SICC

61310

Definition of Code

Wholesale trade in textiles, clothing and footwear

Head Office Physical Address

The company uses 2 main offices in Johannesburg which are considered as joint head offices namely : 16-20 Buxton Street, DOORNFOTEIN, 2092 and 171 Catherine Street, SANDTON, Gauteng

Head Office Postal Address

PO Box 16647, DOORNFONTEIN, 2028

Current Tel Number

0116272727 / 0114024800

Cell Number

Undisclosed

Current Fax Number

0114024802

Current Email Address

niel@busbyhouse.com

Web Site Address

www.houseofbusby.co.za

 

 

Auditors information

 

Company Registered Name

PRICE WATERHOUSE COOPERS INCORPORATED

Trading Name

PWC

Registration Number

M1998/012055/21

Physical Address

2 Eglin Road, SUNNINGHILL, 2157

Postal Address

P O  BOX 226, PAARL, 7620

Contact Person

Undisclosed

Contact Number

0117974000

Email

Unknown

Principals

283

Judgements Against Subject

No information found on file

Judgements Against Principals

6

Subject Verified as Client

Yes

Practice Number

901121

VAT Number

4950174682

Tax Number

9343032844

BEE Status

Level 2

Financial Year End

June

No of years in Business

4 Years 11 Months

Website

www.pwc.com

 

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

Company Structure

 

Subsidiaries Information - No Information on Record

 

Employees

Number of Employees

1500

1. Salaried employees

1500

2. Waged employees

0

3. Permanent employees

0

4. Casual employees

0

5. Contracted employees

0

Comment

The 1500 employees consists of group employees. A further breakdown was not made available.

 

Company Fleet

Company Fleet

No of vehicles:

Owned/Leased

Value

Outstanding Balance

Fleet Operations

 

 

 

 

The Fleet is made up of

30

Comment

There is a total of 30 vehicles (Light Delivery Vehicles, Cars and Trucks)

Other

30

Owned

 

 

 

 

Offices

 

Offices

Offices

Head Office Owned/ Rented

Leased

Rental Company

LIBERTY LIFE

Lease Agreement

Negotiated

Lease Expire Date

Undisclosed

Type of Premises

Offices and warehouses

 

Branch Information

 

Branches Names

Country

Province

THE HOUSE OF BUSBY -DURBAN

South Africa

KWA-ZULU NATAL

THE HOUSE OF BUSBY - CAPE TOWN

South Africa

CAPE TOWN

THE HOUSE OF BUSBY - PORT ELIZABETH

South Africa

EASTERN CAPE

 


Branch Detail Information

 

Branches Owned/ Rented

 

Rental Company

UNDISCLOSED

Owned by

UNDISCLOSED

Value

 

Bond

 

Bank

 

Lease Agreement

UNDISCLOSED

Lease Expire Date

 

Type of Premises

OFFICE

Comment

TELEPHONE NUMBER:0312087411, CELL NUMBER:0832287732

Branches Owned/ Rented

 

Rental Company

UNDISCLOSED

Owned by

UNDISCLOSED

Value

 

Bond

 

Bank

UNDISCLOSED

Lease Agreement

UNDISCLOSED

Lease Expire Date

 

Type of Premises

OFFICE

Comment

TELEPHONE NUMBER:0215527717, CELL NUMBER: 0829244817

 

Branches Owned/ Rented

 

Rental Company

UNDISCLOSED

Owned by

UNDISCLOSED

Value

 

Bond

 

Bank

 

Lease Agreement

UNDISCLOSED

Lease Expire Date

 

Type of Premises

OFFICE

Comment

TELEPHONE NUMBER:0415818787, CELL NUMBER : 0828253640

 

Management Overview

 

Organisation Chart

Level

Position

Name

Comment

 

1

CHIEF EXECUTIVE OFFICER

KEITH BROUZE

 

 

2

AAANAGING DIRECTOR OF BUSBY RETAIL AND EXECUTIVE DIRECTOR

MARTIN GOMES DUARTE

 

 

3

COMPANY SECRETARY

STEPHEN ROY MIDLANE

 

 

4

DIRECTOR

MARK GAVIN GORDON

 

 

Company Structure Information - No Information on Record

Note: One level up and all levels down

Key Deals - No Information on Record

 

 

trade References

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

Comment

1

SANTOVA LOGISTICS

011 578 0600

 

 

 

 

Trade References Detail

 

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

7 YEARS

R 30000000.00

R 30000000

30 DAYS

R 20000000 -30000000

30 DAYS

GOOD ACCOUNT

 

 

Adverse Information on Subject

 

Judgements

Judgements

None

Possible Judgements

None

Civil Court

0

RDs

0

Comment

No Information on Record

 

 

Business rescue

 

Date registered

Business rescue practitioner

Contact Information

Details

Comment

 

THERE IS NO INFORMATION FOUND ON FILE

No Information on Record

No Information on Record

No Information on Record

 

Default Listings

 

Date

Details

Comment

 

THERE IS NO INFORMATION FOUND ON FILE

No Information on Record

 

Notarial Bonds

 

Date

Details

Comment

 

THERE IS NO INFORMATION FOUND ON FILE

No Information on Record

 

 

Bank information

 

Bank

ABSA

Branch

UNIVERSAL

Brach Code

632005

Bank Account Number

DECLINED

Type of Account

CURRENT ACCOUNT

Account Name

THE HOUSE OF BUSBY (PTY)LTD

Overdraft Facilities

DECLINED

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 Information - No Information on Record

 

 

Deeds Information

Property Interests for Company THE HOUSE OF BUSBY (PTY) LTD

 

Title Deed No.

T6076/2009

Erf/Site No.

 

Deeds Office

JOHANNESBURG

Physical Address

5 SIGAAA GERMISTON SOUTH GERMISTON

Property Type

Freehold

Extent / Size

3.1433H

Purchase Date

2008/09/01

Purchase price

 

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

 

 

Principals

 

Number of Principals

12

Average Age of Active Principals

45

 

Active Principals Principal - 1of 12 MARANG DENALANE

Surname

DENALANE

First Name

MARANG

Other Names

NONE

Marital Status

Married

ID Number

7603080297082

Verified ID Number

No

Current Age

37 Years 3 Months

Designation

 

Status

Active

Appointment Date

2009/07/01

Physical Address (at time of Appointment)

18 GROSFAM AVENUE, SANDHURST EXT 4, SANDTON, GAUTENG, 2146

Postal Address

P O  BOX 55327, NORTHLANDS, GAUTENG, 2116

Current Tel Number

0118833730

Cell number

0829281304

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for MARANG DENALANE

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BARONE BUDGE AND DOMINICK (PTY) LTD

M1984/007889/07

In Business

29 Years 5 Months

0

No

 

BUSBY AIRPORT STORES (PTY)LTD

M2008/011735/07

In Business

5 Years 5 Months

0

No

 

BUSBY

INVESTMENTS (PTY) LTD

M2004/029170/07

In Business

9 Years 9 Months

0

No

 

FRIEDSHELF 1291 (PTY) LTD

K2011/104589/07

In Business

2 Years 2 Months

0

No

 

HONEYWELL AUTOMATION AND CONTROL SOLUTIONS SOUTH AFRICA (PTY)LTD

M2006/034307/07

In Business

7 Years 7 Months

0

No

 

PANDROL S A (PTY) LTD

M2006/014359/07

In Business

7 Years 7 Months

0

No

 

PICTO-BUSBY (PTY) LTD

M1995/013150/07

In Business

18 Years 6 Months

0

No

 

SPHERE FUND I GP (PTY) LTD

M2004/032568/07

In Business

9 Years 9 Months

0

No

 

SPHERE INVESTMENTS (PTY) LTD

M2002/014002/07

In Business

11 Years 11 Months

0

No

 

SPHERE PRIVATE EQUITY (PTY)LTD

M2004/032592/07

In Business

9 Years 9 Months

0

No

 

SPHERE RB INVESTMENTS (PTY) LTD

M2005/020240/07

In Business

8 Years 8 Months

0

No

 

SPHERE RMB JV (PTY) LTD

M2004/032571/07

In Business

9 Years 9 Months

0

No

 

THE HOUSE OF BUSBY (PTY)LTD

M2004/028454/07

In Business

9 Years 9 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                           9 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

DENALANE AND ASSOCIATES FINANCIAL SERVICES CC

B2003/076752/23

Deregistration Final

10 Years 10 Months

0

No

 

DIAMOND SECURITIES CC

B1999/024027/23

Deregistration Final

14 Years 2 Months

0

No

 

KITSO KGWEBO TRADING (PTY)LTD

M2008/006645/07

In Business

5 Years 5 Months

0

No

 

SAVCIO HOLDINGS (PTY) LTD

M2004/036123/07

Voluntary Liquidation

9 Years 9 Months

0

Yes

 

Principal's Deeds Information - No information on record

 


Principal - 2of 12 VERONIQUE SHERA

Surname

SHERA

First Name

VERONIQUE

Other Names

NONE

ID Number

6611210006088

Verified ID Number

No

Current Age

46 Years 7 Months

Status

Active

Appointment Date

2009/07/01

Physical Address (at time of Appointment)

4 SAN CHIARA, DALDERWOOD STREET, LONEHILL, 2062

Postal Address

P O BOX 16647, DOORNFONTEIN, 2028

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for VERONIQUE SHERA

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

THE HOUSE OF BUSBY (PTY)LTD

M2004/028454/07

In Business

9 Years 9 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 3of 12 MICHAEL JENSEN

Surname

JENSEN

First Name

MICHAEL

Other Names

 

Marital Status

 

ID Number

7805035130082

Verified ID Number

Yes

Current Age

35 Years 1 Months

Designation

INVESTMENT BANKER

Status

Active

Appointment Date

2008/03/01

Physical Address (at time of Appointment)

17 PERUZZI, DUO VIA CENTRALE, CENTRE ROAD, MORNINGSIDE, 2196

Postal Address

P O  BOX 16647, DOORNFONTEIN, 2028

Current Tel Number

0113287446

Cell number

0834193740

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record


Business Information for MICHAEL JENSEN

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BUSBY

INVESTMENTS (PTY) LTD

M2004/029170/07

In Business

9 Years 9 Months

0

No

 

MAIN STREET 252 LTD

2004/028454/06

In Business

9 Years 9 Months

0

No

 

THE HOUSE OF BUSBY (PTY)LTD

M2004/028454/07

In Business

9 Years 9 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

HOLDSPORT (PTY)LTD

M2006/022562/07

In Business

7 Years 7 Months

0

No

 

HOLDSPORT LTD

M2006/022562/06

In Business

7 Years 7 Months

0

No

 

MORESPORT (PTY)LTD

M2006/017179/07

In Business

7 Years 7 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 4of 12 KEITH BROUZE

Surname

BROUZE

First Name

KEITH

Other Names

NONE

Marital Status

 

ID Number

6010215106082

Verified ID Number

Yes

Current Age

52 Years 8 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2008/02/21

Physical Address (at time of Appointment)

3 VILLA SANTINI, 158 EMPIRE PLACE, SANDHURST, 2196

Postal Address

P O BOX 16647, DOORNFONTEIN, 2001

Current Tel Number

0115552560

Cell number

0828590337

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

Business Information for KEITH BROUZE

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BESSIE RETAIL TRADING (PTY)LTD

K2012/089060/07

In Business

1 Years 1 Months

0

No

 

BUSBY AIRPORT STORES (PTY)LTD

M2008/011735/07

In Business

5 Years 5 Months

0

No

 

BUSBY

INVESTMENTS (PTY) LTD

M2004/029170/07

In Business

9 Years 9 Months

0

No

 

BUXTON LEATHERGOODS (PTY) LTD

M1968/009732/07

In Business

45 Years 9 Months

0

No

 

ELEVEN HEIGHT STREET PROPERTIES (PTY) LTD

M1997/005074/07

In Business

16 Years 4 Months

0

No

 

FOREVER NEW (PTY) LTD

M2008/011744/07

In Business

5 Years 5 Months

0

No

 

FORTUNA INVESTMENT MANAGEMENT COMPANY (PTY) LTD

M1996/004930/07

In Business

17 Years 5 Months

0

No

 

G L COUTURE (PTY) LTD

M1980/002302/07

In Business

33 Years 9 Months

0

No

 

KIARABEX (PTY) LTD

K2011/125186/07

In Business

2 Years 2 Months

0

No

 

MAIN STREET 252 LTD

2004/028454/06

In Business

9 Years 9 Months

0

No

 

OLD HB LISTCO LTD

M1997/009173/06

In Business

16 Years 4 Months

0

No

 

PICTO-BUSBY (PTY) LTD

M1995/013150/07

In Business

18 Years 6 Months

0

No

 

RETAIL MOBILE CREDIT SPECIALISTS (PTY) LTD

M2004/000715/07

In Business

9 Years 9 Months

0

No

 

RICOPRO (PTY)LTD

K2012/069337/07

In Business

1 Years 1 Months

0

No

 

THE HOUSE OF BUSBY (PTY)LTD

M2004/028454/07

In Business

9 Years 9 Months

0

No

 

UNITRADE 595 (PTY) LTD

M1998/014390/07

In Business

15 Years 3 Months

0

No

 

WILD BREAK 14 (PTY) LTD

M2002/006861 /07

In Business

11 Years 11 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                               16 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BUSBRAND (PTY)LTD

M1998/017847/07

In Business

15 Years 3 Months

0

No

 

BUSBY TRADING (PTY) LTD

M1997/009198/07

Voluntary Liquidation

16 Years 4 Months

0

Yes

 

FASHION ACTIVEWEAR DISTRIBUTORS (PTY) LTD

M1998/012890/07

In Business

15 Years 3 Months

0

No

 

GOLDEN POND TRADING 291 (PTY) LTD

M2005/015911/07

Voluntary Liquidation

8 Years 8 Months

0

Yes

 

HANDBAG INTERNATIONAL (PTY) LTD

M1992/001404/07

Deregistration Final

21 Years 9 Months

0

No

 

KINKAZAN (PTY)LTD

M1997/005768/07

Voluntary Liquidation

16 Years 4 Months

0

Yes

 

LUVIT CC

B1985/007640/23

Deregistration Final

28 Years 4 Months

0

No

 

LUVIT EXPORTS CC

B1988/012038/23

Deregistration Final

25 Years 1 Months

0

No

 

OLD PICTO BUSBY (PTY) LTD

M2000/009685/07

Voluntary Liquidation

13 Years 1 Months

0

Yes

 

PAPILLON BAGS (PTY) LTD

M1991/000752/07

Deregistration Final

22 Years 10 Months

0

No

 

PERSONAL LEATHER GOODS AAARKETING (PTY) LTD

M1997/006671/07

Voluntary Liquidation

16 Years 4 Months

0

Yes

 

PORTION 3-8 ERF 11 SANDHURST CC

B1998/069229/23

Deregistration Final

15 Years 3 Months

0

No

 

RAINBOW BEACH TRADING 75 (PTY)LTD

M2006/016902/07

Deregistration Final

7 Years 7 Months

0

No

 

SDM EYEWEAR (PTY) LTD

M1997/012158/07

Voluntary Liquidation

16 Years 4 Months

0

Yes

 

TUFFSAN 17 TRADING (PTY) LTD

M2000/007843/07

Voluntary Liquidation

13 Years 1 Months

0

Yes

 

UNITRADE 478 (PTY) LTD

M1998/012521/07

Voluntary Liquidation

15 Years 3 Months

1

Yes

 

Principal's Deeds Information - No information on record

 

Principal - 5of 12 STUART MAC KENZIE

 

Surname

MAC KENZIE

First Name

STUART

Other Names

NONE

Marital Status

Married

ID Number

6801095165002

Verified ID Number

Yes

Current Age

45 Years 5 Months

Designation

INVESTMENT BANKER

Status

Active

Appointment Date

2011/03/16

Physical Address (at time of Appointment)

37 PALLINGHURST ROAD, WESTCLIFFE, 2196

Postal Address

P O  BOX 9773, JOHANNESBURG, JOHANNESBURG, 2000

Current Tel Number

0113287417

Cell number

0836496474

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for STUART MAC KENZIE

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ATIO

CORPORATION (PTY) LTD

M1991/003343/07

In Business

22 Years 10 Months

0

No

 

BUSBY

INVESTMENTS (PTY) LTD

M2004/029170/07

In Business

9 Years 9 Months

0

No

 

CQS INVESTMENT HOLDINGS (PTY) LTD

M2008/001768/07

In Business

5 Years 5 Months

0

No

 

CQS TECHNOLOGY HOLDINGS (PTY) LTD

M2008/001787/07

In Business

5 Years 5 Months

0

No

 

ETHOS GENERAL PARTNER SPV (PTY) LTD

M2011/004340/07

In Business

2 Years 2 Months

0

No

 

ETHOS TECH FUND 1 (PTY) LTD

M1999/022813/07

In Business

14 Years 2 Months

0

No

 

ETHOS TECH FUND 1 GP (PTY)LTD

M1999/022821/07

In Business

14 Years 2 Months

0

No

 

THE HOUSE OF BUSBY (PTY)LTD

M2004/028454/07

In Business

9 Years 9 Months

0

No

 

WACO

INTERNATIONAL HOLDINGS (PTY) LTD

K2012/002104/07

In Business

1 Years 1 Months

0

No

 

WACO SA SECURITY (PTY) LTD

K2012/012663/07

In Business

1 Years 1 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                               16 Years

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CLICKATELL (PTY)LTD

M2000/013534/07

In Business

13 Years 1 Months

0

No

 

COSA HOLDINGS (PTY) LTD

M2003/001910/07

Dissolved

10 Years 10 Months

0

No

 

FIRST TECHNOLOGY HOLDINGS (PTY)LTD

M1996/010546/07

In Business

17 Years 5 Months

0

No

 

FIRST TECHNOLOGY HOLDINGS LTD

1996/010546/06

In Business

17 Years 5 Months

0

No

 

IDWALA INDUSTRIAL HOLDINGS (PTY)LTD

M2004/003462/07

In Business

9 Years 9 Months

0

No

 

INGO INFORMATION SOLUTIONS (PTY)LTD

M2002/026926/07

In Liquidation

11 Years 11 Months

0

Yes

 

MAIN STREET 425 (PTY) LTD

2006/008130/07

Deregistration Final

7 Years 7 Months

0

No

 

NICANEL HOLDINGS (PTY) LTD

M1998/007354/07

Dissolved

15 Years 3 Months

0

No

 

NICANEL INVESTMENTS (PTY) LTD

M1998/007355/07

Voluntary Liquidation

15 Years 3 Months

0

Yes

 

WACO AFRICA (PTY) LTD

K2012/000665/07

In Business

1 Years 1 Months

0

No

 

WACO AFRICA EQUIPMENT RENTAL LTD

M1938/011914/06

In Business

75 Years 3 Months

1

No

 

WACO

INTERNATIONAL LTD

M2000/002938/06

Voluntary Liquidation

13 Years 1 Months

0

Yes

 

Principal's Deeds Information - No information on record

 

 

Principal - 6of 12 TEBATSO PITSI

Surname

PITSI

First Name

TEBATSO

Other Names

NONE

Marital Status

Married

ID Number

8305045823080

Verified ID Number

Yes

Current Age

30 Years 1 Months

Designation

INVESTMENT BANKER

Status

Active

Appointment Date

2011/03/16

Physical Address (at time of Appointment)

4150 MONAGENG STREET, PRETORIA, 0001

Postal Address

P O BOX 25585, MONUMENT PARK, 0105

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for TEBATSO PITSI

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AFRITONNE RESOURCES (PTY) LTD

K2012/027869/07

In Business

1 Years 1 Months

0

No

 

BUSBY

INVESTMENTS (PTY) LTD

M2004/029170/07

In Business

9 Years 9 Months

0

No

 

JUXTACAP (PTY) LTD

M2008/027183/07

In Business

5 Years 5 Months

0

No

 

THE HOUSE OF BUSBY (PTY)LTD

M2004/028454/07

In Business

9 Years 9 Months

0

No

 

UNIVERSAL INDUSTRIES CORPORATION (PTY) LTD

M1996/004343/07

In Business

17 Years 5 Months

0

No

 

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                           8 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

MANGAU INVESTMENTS (PTY) LTD

M2006/012887/07

Deregistration Final

7 Years 7 Months

0

No

 

RENAISSANCE MC GENERAL SERVICES CC

B2003/001911/23

Deregistration Final

10 Years 10 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 7of 12 STEPHEN MIDLANE

 

Surname

MIDLANE

First Name

STEPHEN

Other Names

NONE

Marital Status

Married

ID Number

6608215080007

Verified ID Number

Yes

Current Age

46 Years 10 Months

Designation

 

Status

Active

Appointment Date

2010/08/30

Physical Address (at time of Appointment)

210 ANDERSON AVENUE, NORTHCLIFF, JOHANNESBURG, GAUTENG, 2195

Postal Address

210 ANDERSON AVENUE, NORTHCLIFF, NORTHCLIFF, 2195

Current Tel Number

0112008062

Cell number

0824143396

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for STEPHEN MIDLANE

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ADALEY CC

B2000/041287/23

In Business

13 Years 1 Months

0

No

 

C D R CONTRACTS CC

B1988/033517/23

Conversion CO/CC or CC/CO

25 Years 1 Months

0

No

 

FOREVER NEW (PTY) LTD

M2008/011744/07

In Business

5 Years 5 Months

0

No

 

FORKTECH (PTY) LTD

M1997/007251/07

In Business

16 Years 4 Months

0

No

 

METRO FILE HOLDINGS LTD

M1983/012697/06

In Business

30 Years 6 Months

0

No

 

PICTO-BUSBY (PTY) LTD

M1995/013150/07

In Business

18 Years 6 Months

0

No

 

SHIMPA

MARKETING CC

B1999/019347/23

Deregistration Process

14 Years 2 Months

0

No

 

THE HOUSE OF BUSBY (PTY)LTD

M2004/028454/07

In Business

9 Years 9 Months

0

No

 

TORRE INDUSTRIAL HOLDINGS LTD

K2012/144604/06

In Business

1 Years 1 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                               13 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

18 SAN CROY CC

B1995/051806/23

Conversion CO/CC or CC/CO

18 Years 6 Months

0

No

 

ASSOCIATED HEARST (PTY) LTD

M2002/003460/07

In Business

11 Years 11 Months

0

No

 

BOXDORM ONE (PTY) LTD

M1996/008024/07

Dissolved

17 Years 5 Months

0

No

 

BUSBRAND (PTY)LTD

M1998/017847/07

In Business

15 Years 3 Months

0

No

 

BUSBY INVESTMENTS (PTY) LTD

M2004/029170/07

In Business

9 Years 9 Months

0

No

 

COMPUTER CONFIGURATIONS PROPERTY (PTY)LTD

M1999/011459/07

Voluntary Liquidation

14 Years 2 Months

0

Yes

 

DIGITAL AND PAPER SERVICES (PTY)LTD

M1999/013244/07

Deregistration Final

14 Years 2 Months

0

No

 

FIDENTIA SOFTWARE FUTURES (PTY)LTD

M1999/027613/07

Deregistration Final

14 Years 2 Months

0

No

 

INTROLINE INVESTMENTS (PTY) LTD

M1997/013635/07

In Business

16 Years 4 Months

0

No

 

LECHABILE STORAGE SOLUTIONS (PTY)LTD

M1996/007500/07

Deregistration Final

17 Years 5 Months

1

No

 

MARION AND LINDIE (PTY) LTD

M2001/007662/07

In Business

 

0

No

 

METROFILE (PTY)LTD

M2003/016054/07

In Business

10 Years 10 Months

0

No

 

METRO FILE MANAGEMENT SERVICES (PTY)LTD

M1999/028220/07

In Business

14 Years 2 Months

0

No

 

MGX BUSINESS CONTINUITY SOLUTIONS (PTY)LTD

M1998/002943/07

Dissolved

15 Years 3 Months

0

No

 

MGX ENTERPRISE SOLUTIONS (PTY)LTD

M1996/013834/07

Dissolved

17 Years 5 Months

0

No

 

MGX PROPERTY (PTY) LTD

M1999/006664/07

Deregistration Final

14 Years 2 Months

0

No

 

OLD PICTO BUSBY (PTY) LTD

M2000/009685/07

Voluntary Liquidation

13 Years 1 Months

0

Yes

 

PROJECT PLUS (PTY) LTD

M2004/009907/07

Deregistration Final

9 Years 9 Months

0

No

 

RAPHAELY KUHNEL PROPERTIES (PTY)LTD

M1995/013032/07

In Business

18 Years 6 Months

0

No

 

SCOPEFULL 7 (PTY) LTD

M1998/013084/07

Deregistration Final

15 Years 3 Months

0

No

 

SET POINT GROUP LTD

1996/014334/06

In Business

17 Years 5 Months

0

No

 

SET POINT INVESTMENTS (PTY) LTD

M1999/000428/07

Deregistration Final

14 Years 2 Months

0

No

 

SETHOLD (PTY)LTD

M1999/005787/07

Deregistration Final

14 Years 2 Months

0

No

 

WEARCHECK PROPERTIES (PTY)LTD

M1999/020681/07

Deregistration Final

14 Years 2 Months

0

No

 

WLG PROPERTIES CC

B1996/060630/23

Conversion CO/CC or CC/CO

17 Years 5 Months

0

No

 

Principal's Deeds Information - No information on record

 

Principal - 8of 12 TONG LAI

 

Surname

LAI

First Name

TONG

Other Names

NONE

Marital Status

 

ID Number

6301160000000

Verified ID Number

No

Current Age

50 Years 5 Months

Designation

NON-EXECUTIVE DIRECTOR

Status

Active

Appointment Date

2010/08/13

Physical Address (at time of Appointment)

120 SHORECLIFF ROAD, CORONA DELMMAR, CA 92625, USA, 0000

Postal Address

120 SHORECLIFF ROAD, CORONA DELMMAR, CA 92625, USA, 0000

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for TONG LAI

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BUSBY

INVESTMENTS (PTY) LTD

M2004/029170/07

In Business

9 Years 9 Months

0

No

 

THE HOUSE OF BUSBY (PTY)LTD

M2004/028454/07

In Business

9 Years 9 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                               25 Years

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

EDGARS CONSOLIDATED STORES LTD

M1946/022751/06

In Business

67 Years 7 Months

0

No

 

SOUTH MARINE PROCESSORS CC

2003/105078/23

Deregistration Final

10 Years 10 Months

0

No

 

SUPER MART (PTY)LTD

M1991/000472/07

Voluntary Liquidation

22 Years 10 Months

0

Yes

 

VINN INVESTMENTS NO 16 CC

B2000/035441/23

Deregistration Final

13 Years 1 Months

0

No

 

VINN INVESTMENTS NO 2 CC

B1998/008299/23

Deregistration Final

15 Years 3 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 9of 12 MARK GORDON

 

Surname

GORDON

First Name

MARK

Other Names

NONE

Marital Status

Married

ID Number

6310045102008

Verified ID Number

Yes

Current Age

50 Years 2 Months

Designation

 

Status

Active

Appointment Date

2009/07/01

Physical Address (at time of Appointment)

7 SALANA AVENUE, WENDYWOOD, 2144

Postal Address

P O BOX 651441, BENMORE, 2010

Current Tel Number

0116272790

Cell number

0828590352

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for MARK GORDON

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

EAGLE CREEK INVESTMENTS 449 (PTY) LTD

M2005/019668/07

In Business

8 Years 8 Months

0

No

 

ELEVEN HEIGHT STREET PROPERTIES (PTY) LTD

M1997/005074/07

In Business

16 Years 4 Months

0

No

 

G L COUTURE (PTY) LTD

M1980/002302/07

In Business

33 Years 9 Months

0

No

 

MONEYLINE 706 (PTY) LTD

M1998/012627/07

In Business

15 Years 3 Months

0

No

 

MONEYLINE 848 (PTY) LTD

M1998/017244/07

In Business

15 Years 3 Months

0

No

 

MONEYLINE 857 (PTY) LTD

M1998/017241/07

In Business

15 Years 3 Months

0

No

 

OLD HB LISTCO LTD

M1997/009173/06

In Business

16 Years 4 Months

0

No

 

POINT VIEW PROPERTY (PTY) LTD

M2003/013370/07

In Business

10 Years 10 Months

0

No

 

THE HOUSE OF BUSBY (PTY)LTD

M2004/028454/07

In Business

9 Years 9 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                           19 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BUSBRAND (PTY)LTD

M1998/017847/07

In Business

15 Years 3 Months

0

No

 

BUSBY RETAIL (PTY) LTD

M1998/002210/07

Voluntary Liquidation

15 Years 3 Months

1

Yes

 

BUSBY TRADING (PTY) LTD

M1997/009198/07

Voluntary Liquidation

16 Years 4 Months

0

Yes

 

HANDBAG INTERNATIONAL (PTY) LTD

M1992/001404/07

Deregistration Final

21 Years 9 Months

0

No

 

LUVIT CC

B1985/007640/23

Deregistration Final

28 Years 4 Months

0

No

 

LUVIT EXPORTS CC

B1988/012038/23

Deregistration Final

25 Years 1 Months

0

No

 

PAPILLON BAGS (PTY) LTD

M1991/000752/07

Deregistration Final

22 Years 10 Months

0

No

 

UNITRADE 478

M1998/012521/07

Voluntary

15 Years 3 Months

1

Yes

 

(PTY) LTD

 

Liquidation

 

 

 

 

Principal's Deeds Information - No information on record

 

 

Principal - 10of 12 DAVID BROUZE

Surname

BROUZE

First Name

DAVID

Other Names

NONE

Marital Status

Married

ID Number

6402065028005

Verified ID Number

Yes

Current Age

49 Years

Status

Active

Appointment Date

2009/07/01

Physical Address (at time of Appointment)

89 UPFILL ROAD, HYDE PARK, JOHANNESBURG, 2196

Postal Address

P O  BOX 96051, BRIXTON, 2019

Current Tel Number

0118883150

Cell number

0828576152

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for DAVID BROUZE

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AUSTRO GROUP (PTY) LTD

2001/029771/07

In Business

0

0

No

 

AUSTRO GROUP LTD

M2001/029771106

In Business

0

0

No

 

BRIXTON

FURNISHERS (2003) (PTY) LTD

M1998/012698/07

In Business

15 Years 3 Months

0

No

 

BUSBY

INVESTMENTS (PTY) LTD

M2004/029170/07

In Business

9 Years 9 Months

0

No

 

OLD HB LISTCO LTD

M1997/009173/06

In Business

16 Years 4 Months

0

No

 

SAVANNAH DANCER INVESTMENTS 49 (PTY) LTD

M2002/006126/07

In Business

11 Years 11 Months

0

No

 

STEINBALT INVESTMENTS 5 (PTY) LTD

M2004/010017/07

In Business

9 Years 9 Months

0

No

 

THE HOUSE OF BUSBY (PTY)LTD

M2004/028454/07

In Business

9 Years 9 Months

0

No

 

VERED ESTATES (PTY) LTD

M2002/020555/07

In Business

11 Years 11 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                       15 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AFRICAN HARVEST STRATEGIC INVESTMENTS (PTY) LTD

M1999/018463/07

In Business

14 Years 2 Months

0

No

 

BUSBY RETAIL (PTY) LTD

M1998/002210/07

Voluntary Liquidation

15 Years 3 Months

1

Yes

 

BUSBY TRADING (PTY) LTD

M1997/009198/07

Voluntary Liquidation

16 Years 4 Months

0

Yes

 

DEALERS INDEMNITY (PTY) LTD

M1996/011525/07

In Business

17 Years 5 Months

0

No

 

DIGITAL PLANET (PTY) LTD

M1997/009391/07

In Business

16 Years 4 Months

0

No

 

FLUXRAB

INVESTMENTS NO 34 (PTY) LTD

M2000/026764/07

Deregistration Final

13 Years 1 Months

0

No

 

FULL MOON CREATIONS CC

B1989/028957/23

Conversion CO/CC or CC/CO

 

0

No

 

FURNEX CONSUMER CREDIT (PTY)LTD

M1998/022606/07

Deregistration Final

15 Years 3 Months

0

No

 

FURNEX STORES (PTY) LTD

M2000/001176/07

Deregistration Process

13 Years 1 Months

0

No

 

FURNSHELL FINANCIAL SERVICES (PTY)LTD

M1999/015786/07

Deregistration Final

14 Years 2 Months

0

No

 

FURNSHELL PROPERTIES (PTY)LTD

M1999/016165/07

Deregistration Final

14 Years 2 Months

0

No

 

FURNSHELL STORES (PTY) LTD

M1999/015739/07

Voluntary Liquidation

14 Years 2 Months

0

Yes

 

GRIFFIN ADVISORS (PTY) LTD

M2003/000963/07

In Business

10 Years 10 Months

0

No

 

HACKLEWOOD INVESTMENTS (PTY) LTD

M2005/030771/07

In Business

8 Years 8 Months

0

No

 

HENQUE 1356 CC

B1998/030728/23

Deregistration Final

15 Years 3 Months

0

No

 

JONAH CAPITAL (PTY) LTD

M2002/012294/07

In Business

11 Years 11 Months

0

No

 

LESTERPARK INVESTMENTS (PTY) LTD

M2000/031868/07

Deregistration Final

13 Years 1 Months

0

No

 

LUVIT CC

B1985/007640/23

Deregistration Final

28 Years 4 Months

0

No

 

MASSMART TRADE (PTY) LTD

M1983/001936/07

In Business

30 Years 6 Months

0

No

 

PORTION 13-32 SANDOWN (PTY)LTD

M1994/006801/07

In Business

19 Years 7 Months

0

No

 

QUINLEC POWER (PTY) LTD

M2003/001337/07

Voluntary Liquidation

10 Years 10 Months

0

Yes

 

R D AND G EXPORT MARKETING CONSULTANTS (PTY) LTD

M1992/001127/07

Deregistration Final

21 Years 9 Months

0

No

 

SHIELD BUYING AND DISTRIBUTION (PTY) LTD

M1984/011353/07

In Business

29 Years 5 Months

2

No

 

VALUECOM HOLDINGS LTD

M1998/006815/06

Dissolved

15 Years 3 Months

0

No

 

YELLOWFIELD INVESTMENTS (PTY) LTD

M2000/002483/07

Deregistration Final

13 Years 1 Months

0

No

 

Principal's Deeds Information - No information on record

 

Principal - 11 of 12 MARTIN HO D.MARTIN

 

Surname

D.MARTIN

First Name

MARTINHO

Other Names

GOMES

Marital Status

Married

ID Number

6805295142083

Verified ID Number

Yes

Current Age

45 Years 1 Months

Designation

 

Status

Active

Appointment Date

2009/07/01

Physical Address (at time of Appointment)

9 ABELIA AVENUE, WELGEDACHT, 7535

Postal Address

P O  BOX 16647, DOORNFONTEIN, JOHANNESBURG, 2028

Current Tel Number

0215147300

Cell number

0828590329

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for MARTINHO D.MARTIN

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BICA SUSHI CAFE CC

B2007/092083/23

In Business

6 Years 6 Months

0

No

 

CASA RESTAURANT AND BAR CC

B2009/125641/23

In Business

4 Years 4 Months

0

No

 

OLD HB LISTCO LTD

M1997/009173/06

In Business

16 Years 4 Months

0

No

 

SPOTPROPS 1012 (PTY) LTD

M1997/006662/07

Conversion CO/CC or CC/CO

16 Years 4 Months

0

No

 

THE HOUSE OF BUSBY (PTY)LTD

M2004/028454/07

In Business

9 Years 9 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                           5 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BUSBY RETAIL (PTY) LTD

M1998/002210/07

Voluntary Liquidation

15 Years 3 Months

1

Yes

 

FRASERS LUGGAGE CC

B1989/039549/23

Deregistration Final

 

0

No

 

MARION AND LINDIE (PTY) LTD

M2001/007662/07

In Business

 

0

No

 

RAINBOW BEACH TRADING 75 (PTY)LTD

M2006/016902/07

Deregistration Final

7 Years 7 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 12of 12 SELWYN MOSS

 

Surname

MOSS

First Name

SELWYN

Other Names

NONE

Marital Status

Married

ID Number

5102075109081

Verified ID Number

Yes

Current Age

62 Years 4 Months

Designation

 

Status

Active

Appointment Date

2009/07/01

Physical Address (at time of Appointment)

9B SPENCER AVENUE, SENDERWOOD, 2145

Postal Address

PO BOX 261382, EXCOM, 2023

Current Tel Number

0113347020

Cell number

0832741656

Shareholding/Membership

0.00

 

Business Information for SELWYN MOSS

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

FRAME UP INVESTMENTS CC

B2009/027500/23

In Business

4 Years 4 Months

0

No

 

OLD HB LISTCO LTD

M1997/009173/06

In Business

16 Years 4 Months

0

No

 

THE HOUSE OF BUSBY (PTY)LTD

M2004/028454/07

In Business

9 Years 9 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                           12 Years

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BUSBY TRADING (PTY) LTD

M1997/009198/07

Voluntary Liquidation

16 Years 4 Months

0

Yes

 

HOMEFRONT TRADING 345 CC

B2007/061975/23

Deregistration Final

6 Years 6 Months

0

No

 

SDM EYEWEAR (PTY) LTD

M1997/012158/07

Voluntary Liquidation

16 Years 4 Months

0

Yes

 

 

Principal's Deeds Information - No information on record


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.59.35

UK Pound

1

Rs.92.11

Euro

1

Rs.78.59

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.